SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
------
HECHINGER COMPANY
----------------------------------
(Name of Issuer)
Class A Common Stock, par value $.10 per share
------------------------------------------------------
(Title of Class of Securities)
422 660 209
----------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this
statement[ ]. (A fee is not required only if the filing person: (1)
has a previous statement on file reporting beneficial ownership of
more than five percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a
prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
(Continued on following page(s))
Page 1 of 42 Pages
---
<PAGE>
CUSIP No. 422660209 13G Page 2
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
John W. Hechinger
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 11,495,608*
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 2,093,265**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,495,608**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
27.6%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 3
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
June R. Hechinger
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 2,093,265**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,093,265**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.3%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 4
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
John W. Hechinger, Jr.
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by ------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 11,495,608**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 4,115,612**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,495,608**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
27.6%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 5
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Deborah Hechinger
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by ------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 4,115,612**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
4,115,612**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
11.7%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 6
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
S. Ross Hechinger
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by
- ------------------------------------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 11,495,608**
- ------------------------------------------------------------------------------
(7) Sole Dispositive
Power 0**
- ------------------------------------------------------------------------------
(8) Shared Dispositive
Power 3,535,778**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,495,608**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
27.6%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 7
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Susan L. Hechinger
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 3,535,778*
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,535,778**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
10.2%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 8
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Nancy Hechinger Lowe
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 3,124,389**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,124,389**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.1**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 9
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Peter E. Lowe
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 3,124,389**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,124,389**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.1%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 10
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Sally Hechinger Rudoy
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 3,189,389**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,189,389**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.3%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 11
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Peter W. Rudoy
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 3,189,389**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,189,389**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.3%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 12
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
June Limited Partnership
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 2,627,786**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,627,786**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
7.7%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 13
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
JARSAN Associates Limited Partnership
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 215,330*
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
215,330**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 14
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Richard England
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 1,180,936**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,180,936**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.2%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 15
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Lois H. England
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 1,180,936**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,180,936**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.2%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 16
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Richard England, Jr.
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 2,064,372**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,064,372**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.2%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 17
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Diana England
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by
-------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 2,064,372**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,064,372**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.2%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 18
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Joan England Akman
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by
- ------------------------------------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
- ------------------------------------------------------------------------------
(7) Sole Dispositive
Power 0**
- ------------------------------------------------------------------------------
(8) Shared Dispositive
Power 1,430,789**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,430,789**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.4%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 19
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Larry A. Akman
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 1,430,789**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,430,789**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.4%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 20
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Isham Peugh
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 8,106**
-------------------------------------------------
(8) Shared Dispositive
Power 0**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
8,106**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1%*
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 21
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Catherine S. England
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 209,860**
-------------------------------------------------
(8) Shared Dispositive
Power 1,386,455**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,596,315**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.9%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 22
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Lois Associates Limited Partnership
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 1,386,455**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,386,455**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.2%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 23
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
CARAN Associates Limited Partnership
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 15,330**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
15,330**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 24
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Hechinger Share Trust
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 406,585**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
406,585**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
1.3%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
00
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 25
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
England Share Trust
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by -------------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
-------------------------------------------------
(7) Sole Dispositive
Power 0**
-------------------------------------------------
(8) Shared Dispositive
Power 203,585**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
203,585**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1%
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
00
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 26
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Alexis Hechinger Vlack Irrevocable Trust
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
--------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------
(8) Shared Dispositive
Power 8,888**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
8,888**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1.0%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
00
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 27
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Molly Elizabeth Lowe Irrevocable Trust
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
--------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------
(8) Shared Dispositive
Power 12,888**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
12,888**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1.0%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
00
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 28
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Jamie A. Hechinger Trust
- -----------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -----------------------------------------------------------------------------
(3) SEC Use Only
- -----------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- -----------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
--------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------
(8) Shared Dispositive
Power 30,000**
- -----------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
30,000**
- -----------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -----------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1.0% **
- -----------------------------------------------------------------------------
(12) Type of Reporting Person*
OO
- -----------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 29
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Kathryn J. Hechinger Trust
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
--------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------
(8) Shared Dispositive
Power 30,000**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
30,000**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1.0%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 30
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
John A. Hechinger Trust
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- ------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------
Each Reporting (6) Shared Voting
Person with Power 0**
--------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------
(8) Shared Dispositive
Power 30,000**
- ------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
30,000**
- ------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- ------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1.0%**
- ------------------------------------------------------------------------------
(12) Type of Reporting Person*
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
Page 31
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------------------------
SCHEDULE 13G
----------------------------------
ITEM 1(A). NAME OF ISSUER.
Hechinger Company
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
The address of the issuer's principal executive offices is 3500
Pennsy Drive, Landover, Maryland 20785.
ITEM 2(A). NAME OF PERSON FILING.
The following members of the family of John W. Hechinger and
entities wholly owned by members of such family are filing this
Amendment No. 9 to Schedule 13G (this "Amendment"): John W. Hechinger,
June R. Hechinger, John W. Hechinger, Jr., Deborah Hechinger, S. Ross
Hechinger, Susan L. Hechinger, Nancy Hechinger Lowe, Peter E. Lowe,
Sally Hechinger Rudoy, Peter W. Rudoy, June Limited Partnership and
JARSAN Associates Limited Partnership. The following members of the
family of Richard England and entities wholly owned by members of such
family are filing this Amendment: Richard England, Lois H. England,
Richard England, Jr., Diana England, Joan England Akman, Larry A.
Akman, Catherine S. England, Lois Associates Limited Partnership and
CARAN Associates Limited Partnership. Isham Peugh, formerly the spouse
of Catherine S. England, is also filing this Amendment. In addition,
the Hechinger Share Trust, the England Share Trust, the Alexis
Hechinger Vlack Irrevocable Trust, the Molly Elizabeth Lowe
Irrevocable Trust, the Jamie A. Hechinger Trust, the Kathryn J.
Hechinger Trust and the John A. Hechinger Trust are filing this
Amendment.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE AND, IF NONE, RESIDENCE.
The address to be used in connection with communications relating
to this Amendment is 3500 Pennsy Drive, Landover, Maryland 20785.
ITEM 2(C). CITIZENSHIP.
Each natural person filing this Amendment is a citizen of the
United States. Each of Lois Associates Limited Partnership, CARAN
Associates Limited Partnership, June Limited Partnership and JARSAN
Associates Limited Partnership is a limited partnership organized
under the laws of the State of Maryland. Item 2(C) is not applicable
to the Hechinger Share Trust, the England Share Trust, the Alexis
Hechinger Vlack Irrevocable Trust, the Molly Elizabeth Lowe
Irrevocable Trust, the Jamie A. Hechinger Trust, the Kathryn J.
Hechinger Trust and the John A. Hechinger Trust.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
Class A Common Stock, par value $.10 per share.
Each share of the Company's Class B Common Stock, par value $.10
per share (each such share being hereinafter referred to as a "Class B
Share"), is convertible at any time by the holder thereof into one
share of the Company's Class A Common Stock (each share of Class A
Common Stock being hereinafter referred to as a "Class A Share").
Accordingly, pursuant to Rule 13d-3(d)(1) under the Securities
Exchange Act of 1934, the Class B Shares beneficially owned by the
persons filing this Amendment have been included in calculating the
number and percentage of Class A Shares beneficially owned by such
persons.
<PAGE>
Page 32
ITEM 2(E). CUSIP NUMBER.
422 660 209
ITEM 3. Unchanged.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
See Schedule A.
(b) Percent of Class:
See Schedule A.
(c) Number of shares as to which each person filing this
Amendment has (i) sole power to vote or direct the vote; (ii) shared
power to vote or direct the vote; (iii) sole power to dispose or
direct the disposition; or (iv) shared power to dispose or direct the
disposition:
See Schedule A.
ITEMS 5, 6 AND 7. Unchanged.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Schedule A.
ITEMS 9 and 10. Unchanged.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is
true, complete and correct.
February 14, 1997
/s/ John W. Hechinger
-------------------------------
John W. Hechinger*
/s/ Joan Englan Akman
-------------------------------
Joan England Akman**
- ---------------------------
* John W. Hechinger is executing this Amendment on his own behalf
and as Attorney-in-Fact on behalf of the following reporting persons:
June R. Hechinger, John W. Hechinger, Jr., Deborah Hechinger, S. Ross
Hechinger, Susan L. Hechinger, Nancy Hechinger Lowe, Peter E. Lowe,
Sally Hechinger Rudoy, Peter W. Rudoy, June Limited Partnership,
JARSAN Associates Limited Partnership, the Hechinger Family Trust, the
Alexis Hechinger Vlack Irrevocable Trust, the Molly Elizabeth Lowe
Irrevocable Trust, the Jamie A. Hechinger Trust, the Kathryn J.
Hechinger Trust and the John A. Hechinger Trust.
** Joan England Akman is executing this Amendment on her own
behalf and as Attorney-in-Fact on behalf of the following reporting
persons: Richard England, Lois H. England, Richard England, Jr., Diana
England, Larry A. Akman, Isham Peugh, Catherine S. England, Lois
Associates Limited Partnership, CARAN Associates Limited Partnership
and the England Share Trust.
The relevant Powers of Attorney are incorporated by reference to
Amendments Nos. 2, 3 and 4 to the Schedule 13G relating to the
issuer's Class A Common Stock, which amendments were filed with the
Securities and Exchange Commission on September 26, 1990, February 14,
1991, and February 13, 1992, respectively.
<PAGE>
Page 34
SCHEDULE A
BENEFICIAL OWNERSHIP OF CLASS A SHARES
In the following table, (a) each reference to the number of Class
A Shares beneficially owned by a reporting person is the sum of (i)
the number of Class A Shares beneficially owned outright by such
reporting person for purposes of this Amendment as of December 31,
1996, (ii) the number of Class A Shares issuable upon conversion of
all the Class B Shares beneficially owned by such reporting person as
of December 31, 1996 and (iii) the number of Class A Shares issuable
upon exercise of all options held by such reporting person as of
December 31, 1996, that were exercisable prior to March 2, 1997, and
(b) each reference to the percentage of Class A Shares beneficially
owned by a reporting person is calculated using (i) the 31,401,731
Class A Shares outstanding as of December 31, 1996, (ii) the number of
Class A Shares issuable upon conversion of all the Class B Shares
beneficially owned by such reporting person as of December 31, 1996,
and (iii) the number of Class A Shares issuable upon exercise of all
options held by such reporting person as of December 31, 1996, that
were exercisable prior to March 2, 1997. The footnotes to the
following table describe, among other things, the extent to which each
reporting person disclaims beneficial ownership of the Class A Shares
set forth opposite such reporting person's name in such table.
<TABLE>
<CAPTION>
Number of Class A Shares as to
Which Reporting Person Has
Aggregate
Number of Percentage
Class A of
Shares Outstanding Sole Shared Sole Shared
Beneficially Class A Power to Power to Power to Power to
Reporting Person 1/ Owned Shares Vote Vote Dispose Dispose
<S> <C> <C> <C> <C> <C> <C>
John W. Hechinger 2/ 11,495,608 27.6% 0 11,495,608 0 2,093,265
June R. Hechinger 3/ 2,093,265 6.3% 0 0 0 2,093,265
John W. Hechinger, Jr. 4/ 11,495,608 27.6% 0 11,495,608 0 4,115,612
Deborah Hechinger 5/ 3,535,778 11.7% 0 0 0 4,115,612
S. Ross Hechinger 6/ 11,495,608 27.6% 0 11,495,608 0 3,535,778
Susan L. Hechinger 7/ 3,535,778 10.2% 0 0 0 3,535,778
Nancy Hechinger Lowe 8/ 3,124,389 9.1% 0 0 0 3,124,389
Peter E. Lowe 9/ 3,124,389 9.1% 0 0 0 3,124,389
</TABLE>
<PAGE>
Page 35
<TABLE>
<CAPTION>
Number of Class A Shares as to
Which Reporting Person Has
Aggregate
Number of Percentage
Class A of
Shares Outstanding Sole Shared Sole Shared
Beneficially Class A Power to Power to Power to Power to
Reporting Person 1/ Owned Shares Vote Vote Dispose Dispose
<S> <C> <C> <C> <C> <C> <C>
Sally Hechinger Rudoy 10/ 3,189,389 9.3% 0 0 0 3,189,389
Peter W. Rudoy 11/ 3,189,389 9.3% 0 0 0 3,189,389
June Limited
Partnership 12/ 2,627,786 7.7% 0 0 0 2,627,786
JARSAN Associates
Limited Partnership 13/ 215,330 * 0 0 0 215,330
Richard England 14/ 1,180,936 4.2% 0 0 0 1,180,936
Lois H. England 15/ 1,180,936 4.2% 0 0 0 1,180,936
Richard England, Jr. 16/ 2,064,372 6.2% 0 0 0 2,064,372
Diana England 17/ 2,064,372 6.2% 0 0 0 2,064,372
Joan England Akman 18/ 1,430,789 4.4% 0 0 0 1,430,789
Larry A. Akman 19/ 1,430,789 4.4% 0 0 0 1,430,789
Isham Peugh 20/ 8,106 * 0 0 8,106 0
Catherine S. England 21/ 1,596,315 4.9% 0 0 209,860 1,386,455
Lois Associates
Limited Partnership 22/ 1,386,455 4.2% 0 0 0 1,386,455
CARAN Associates
Limited Partnership 23/ 15,330 * 0 0 0 15,330
Hechinger Share
Trust 24/ 406,585 1.3% 0 0 0 406,585
England Share
Trust 25/ 203,585 * 0 0 0 203,585
Alexis Hechinger Vlack
Irrevocable Trust 26/ 8,888 * 0 0 0 8,888
Molly Elizabeth Lowe
Irrevocable Trust 27/ 12,888 * 0 0 0 12,888
Jamie A. Hechinger
Trust 28/ 30,000 * 0 0 0 30,000
Kathryn J. Hechinger
Trust 29/ 30,000 * 0 0 0 30,000
John A. Hechinger
Trust 30/ 30,000 * 0 0 0 30,000
* Less than 1%.
</TABLE>
As of December 31, 1996, the reporting persons beneficially owned an
aggregate of 11,495,608 Class A Shares (which include 9,605,249 Class
B Shares convertible at any time into an equal number of Class A
Shares and 649,845 Class A Shares issuable upon the exercise of
options), representing 27.6% of the sum of (a) the 31,401,731 Class A
Shares outstanding as of December 31, 1996, (b) the 9,605,249 Class B
Shares beneficially owned in the aggregate by the reporting persons as
of December 31, 1996, and (c) the 649,845 Class A Shares issuable upon
exercise of all options held by the reporting persons as of December
31, 1996, that were exercisable prior to March 2, 1997.
<PAGE>
Page 36
FOOTNOTES
1/ The numbers and percentages of Class A Shares (including Class B
Shares convertible into Class A Shares) shown in the table as
beneficially owned by the reporting persons reflect multiple counting
of Class A Shares to the extent that the beneficial ownership thereof
is attributable to more than one reporting person in accordance with
Rule 13d-3 under the Securities Exchange Act of 1934. For example,
each of John W. Hechinger, John W. Hechinger, Jr., and S. Ross
Hechinger (each, a "Voter") is deemed to beneficially own the
11,495,608 Class A Shares (which include 9,605,249 Class B Shares
convertible at any time into an equal number of Class A Shares and
649,845 Class A Shares issuable upon exercise of options) which the
Voters hold a proxy to vote pursuant to a voting agreement with
members of the Hechinger and England families and entities controlled
by them. As an additional example, the 2,627,786 Class A Shares (which
include 2,601,229 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by June Limited Partnership
are all deemed to be beneficially owned by (a) each of Nancy Hechinger
Lowe and Sally Hechinger Rudoy, as a general partner of June Limited
Partnership, (b) each of John W. Hechinger, Jr., and S. Ross
Hechinger, as a general partner of June Limited Partnership and a
Voter, (c) each of Deborah Hechinger, Susan L. Hechinger, Peter E.
Lowe and Peter W. Rudoy, as the spouse of a general partner of June
Limited Partnership and (d) John W. Hechinger, as a Voter.
2/ The number and percentage of Class A Shares shown in the table as
beneficially owned by John W. Hechinger include the 11,495,608 Class A
Shares (which include 9,605,249 Class B Shares convertible at any time
into an equal number of Class A Shares and 649,845 Class A Shares
issuable upon exercise of options) which, together with John W.
Hechinger, Jr., and S. Ross Hechinger, John W. Hechinger holds a proxy
to vote pursuant to a voting agreement among members of the England
and Hechinger families and entities controlled by them.
The number of Class A Shares shown in the table as to which John W.
Hechinger shares dispositive power includes (a) the 1,121,919 Class A
Shares (which include 1,052,836 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by John W.
Hechinger, (b) the 8,000 Class A Shares issuable upon exercise of all
options held by John W. Hechinger that were exercisable prior to March
2, 1997, and (c) the 406,585 Class A Shares (which include 340,586
Class B Shares convertible at any time into an equal number of Class A
Shares) held by the Hechinger Share Trust for the primary benefit of
the Hechinger family. John W. Hechinger is the only trustee of the
Hechinger Share Trust. John W. Hechinger disclaims beneficial
ownership of all shares so held by the Hechinger Share Trust.
The number of Class A Shares shown in the table as to which John W.
Hechinger shares dispositive power also includes the 556,761 Class A
Shares (which include 489,917 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by his spouse,
June R. Hechinger. John W. Hechinger disclaims beneficial ownership of
such 556,761 Class A Shares.
3/ The number and percentage of Class A Shares shown in the table as
beneficially owned by June R. Hechinger include (a) the 556,761 Class
A Shares (which include 489,917 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by June R.
Hechinger and (b) the 1,536,504 Class A Shares (which include
1,393,422 Class B Shares convertible at any time into an equal number
of Class A Shares) as to which her spouse, John W. Hechinger, shares
dispositive power as described in the first sentence of the second
paragraph of footnote 2. June R. Hechinger disclaims beneficial
ownership of such 1,536,504 Class A Shares.
4/ The number and percentage of Class A Shares shown in the table as
beneficially owned by John W. Hechinger, Jr., include the 11,495,608
Class A Shares (which include 9,605,249 Class B Shares convertible at
any time into an equal number of Class A Shares and 649,845 Class A
Shares issuable upon exercise of options) which, together with John W.
Hechinger and S. Ross Hechinger, John W. Hechinger, Jr., holds a proxy
to vote pursuant to a voting agreement among members of the England
and Hechinger families and entities controlled by them.
<PAGE>
Page 37
The number of Class A Shares shown in the table as to which John
W. Hechinger, Jr., shares dispositive power includes (a) the 464,256
Class A Shares (which include 376,566 Class B Shares convertible at
any time into an equal number of Class A Shares) held directly by John
W. Hechinger, Jr., (b) the 571,554 Class A Shares issuable upon
exercise of all options held by John W. Hechinger, Jr., that were
exercisable prior to March 2, 1997, (c) the 2,627,786 Class A Shares
(which include 2,601,229 Class B Shares convertible at any time into
an equal number of Class A Shares) held by June Limited Partnership,
as to which John W. Hechinger, Jr., a general partner of June Limited
Partnership, shares dispositive power with S. Ross Hechinger, Nancy
Hechinger Lowe and Sally Hechinger Rudoy, the only other general
partners of June Limited Partnership, and (d) the 215,330 Class A
Shares (which are 215,330 Class B Shares convertible at any time into
an equal number of Class A Shares) held by JARSAN Associates, as to
which John W. Hechinger, Jr., a managing general partner of JARSAN
Associates, shares dispositive power with S. Ross Hechinger, the only
other managing general partner of JARSAN Associates. John W.
Hechinger, Jr., disclaims beneficial ownership of all shares held by
June Limited Partnership or JARSAN Associates except to the extent of
his partnership interests in such entities.
In addition, the number of Class A Shares shown in the table as
to which John W. Hechinger, Jr., shares dispositive power includes (a)
the 16,056 Class A Shares (which include 9,365 Class B Shares
convertible at any time into an equal number of Class A Shares) held
by John W. Hechinger, Jr., as custodian for Kathryn J. Hechinger, (b)
the 16,056 Class A Shares (which include 9,365 Class B Shares
convertible at any time into an equal number of Class A Shares) held
by John W. Hechinger, Jr., as custodian for Jamie A. Hechinger and (c)
the 16,056 Class A Shares (which include 9,365 Class B Shares
convertible at any time into an equal number of Class A Shares) held
by John W. Hechinger, Jr., as custodian for John A. Hechinger. John W.
Hechinger, Jr., disclaims beneficial ownership of all shares held by
him as custodian for Kathryn J. Hechinger, Jamie A. Hechinger or John
A. Hechinger.
The number of Class A Shares shown in the table as to which John
W. Hechinger, Jr., shares dispositive power also includes (a) the
8,518 Class A Shares (which include 5,827 Class B Shares convertible
at any time into an equal number of Class A Shares) held directly by
his spouse, Deborah Hechinger and (b) the 90,000 Class A Shares (which
are 90,000 Class B Shares convertible at any time into an equal number
of Class A Shares) held by Deborah Hechinger as trustee for her
children. John W. Hechinger, Jr., disclaims beneficial ownership of
such 8,518 and 90,000 shares.
5/ The number and percentage of Class A Shares shown in the table
as beneficially owned by Deborah Hechinger include (a) the 8,518 Class
A Shares (which include 5,827 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by Deborah
Hechinger, (b) the 3,927,094 Class A Shares (which include 3,221,220
Class B Shares convertible at any time into an equal number of Class A
Shares and 571,5554 Class A Shares issuable upon exercise of options)
as to which her spouse, John W. Hechinger, Jr., shares dispositive
power as described in the second and third paragraphs of footnote 4
and (c) the 90,000 Class A Shares (which are 90,000 Class B Shares
convertible at any time into an equal number of Class A Shares) held
by Deborah Hechinger as trustee for her children. Deborah Hechinger
disclaims beneficial ownership of such 3,927,094 and 90,000 Class A
Shares.
6/ The number and percentage of Class A Shares shown in the table as
beneficially owned by S. Ross Hechinger include the 11,495,608 Class A
Shares (which include 9,605,249 Class B Shares convertible at any time
into an equal number of Class A Shares and 649,845 Class A Shares
issuable upon exercise of options) which, together with John W.
Hechinger and John W. Hechinger, Jr., S. Ross Hechinger holds a proxy
to vote pursuant to a voting agreement among members of the England
and Hechinger families and entities controlled by them.
The number of Class A Shares shown in the table as to which S.
Ross Hechinger shares dispositive power includes (a) the 570,299 Class
A Shares (which include 471,180 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by S. Ross
Hechinger, (b) the 70,291 Class A Shares issuable upon exercise of all
options held by S. Ross Hechinger that were exercisable prior to March
2, 1997, (c) the 2,627,786 Class A Shares (which
<PAGE>
Page 38
include 2,601,229 Class B Shares convertible at any time into an equal
number of Class A Shares) held by June Limited Partnership, as to
which S. Ross Hechinger, a general partner of June Limited
Partnership, shares dispositive power with John W. Hechinger, Jr.,
Nancy Hechinger Lowe and Sally Hechinger Rudoy, the only other general
partners of June Limited Partnership, and (d) the 215,330 Class A
Shares (which are 215,330 Class B Shares convertible at any time into
an equal number of Class A Shares) held by JARSAN Associates, as to
which S. Ross Hechinger, a managing general partner of JARSAN
Associates, shares dispositive power with John W. Hechinger, Jr., the
only other managing general partner of JARSAN Associates. S. Ross
Hechinger disclaims beneficial ownership of all shares held by June
Limited Partnership or JARSAN Associates except to the extent of his
partnership interests in such entities.
In addition, the number of Class A Shares shown in the table as
to which S. Ross Hechinger shares dispositive power includes (a) the
14,518 Class A Shares (which include 7,827 Class B Shares convertible
at any time into an equal number of Class A Shares) held by S. Ross
Hechinger as custodian for Scott R. Hechinger, (b) the 14,518 Class A
Shares (which include 7,827 Class B Shares convertible at any time
into an equal number of Class A Shares) held by S. Ross Hechinger as
custodian for Matthew S. Hechinger and (c) the 14,518 Class A Shares
(which include 7,827 Class B Shares convertible at any time into an
equal number of Class A Shares) held by S. Ross Hechinger as custodian
for Amanda F. Hechinger. S. Ross Hechinger disclaims beneficial
ownership of all shares held by him as custodian for Scott R.
Hechinger, Matthew S. Hechinger or Amanda F. Hechinger.
The number of Class A Shares shown in the table as to which S.
Ross Hechinger shares dispositive power also includes the 8,518 Class
A Shares (which include 5,827 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by his spouse,
Susan L. Hechinger. S. Ross Hechinger disclaims beneficial ownership
of such 8,518 Class A Shares.
7/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Susan L. Hechinger include (a) the 8,518 Class A
Shares (which include 5,827 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by Susan L.
Hechinger and (b) the 3,527,260 Class A Shares (which include
3,311,220 Class B Shares convertible at any time into an equal number
of Class A Shares and 70,291 Class A Shares issuable upon exercise of
options) as to which her spouse, S. Ross Hechinger, shares dispositive
power as described in the second and third paragraphs of footnote 6.
Susan L. Hechinger disclaims beneficial ownership of such 3,527,260
Class A Shares.
8/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Nancy Hechinger Lowe include (a) the 441,273
Class A Shares (which include 323,404 Class B Shares convertible at
any time into an equal number of Class A Shares) held directly by
Nancy Hechinger Lowe and (b) the 2,627,786 Class A Shares (which
include 2,601,229 Class B Shares convertible at any time into an equal
number of Class A Shares) held by June Limited Partnership, as to
which Nancy Hechinger Lowe, a general partner of June Limited
Partnership, shares dispositive power with John W. Hechinger, Jr., S.
Ross Hechinger and Sally Hechinger Rudoy, the only other general
partners of June Limited Partnership. Nancy Hechinger Lowe disclaims
beneficial ownership of all shares held by June Limited Partnership
except to the extent of her partnership interest in June Limited
Partnership.
In addition, the number and percentage of Class A Shares shown in
the table as beneficially owned by Nancy Hechinger Lowe include (a)
the 14,518 Class A Shares (which include 7,827 Class B Shares
convertible at any time into an equal number of Class A Shares) held
by Nancy Hechinger Lowe as custodian for Alexis H. Vlack, (b) the
10,518 Class A Shares (which include 7,827 Class B Shares convertible
at any time into a equal number of Class A Shares) held by Nancy
Hechinger Lowe as custodian for Molly E. Lowe and (c) the 4,000 Class
A Shares held by Nancy Hechinger Lowe as trustee for Molly E. Lowe.
Nancy Hechinger Lowe disclaims beneficial ownership of all shares held
by her as custodian or trustee for Alexis H. Vlack or Molly E. Lowe.
<PAGE>
Page 39
The number and percentage of Class A Shares shown in the table as
beneficially owned by Nancy Hechinger Lowe also include the 8,518
Class A Shares (which include 5,827 Class B Shares convertible at any
time into an equal number of Class A Shares) held directly by her
spouse, Peter E. Lowe. Nancy Hechinger Lowe disclaims beneficial
ownership of such 8,518 Class A Shares.
9/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Peter E. Lowe include (a) the 8,518 Class A
Shares (which include 5,827 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by Peter E. Lowe
and (b) the 3,098,095 Class A Shares (which include 2,940,287 Class B
Shares convertible at any time into an equal number of Class A Shares)
beneficially owned by his spouse, Nancy Hechinger Lowe, as described
in the first two paragraphs of footnote 8. Peter E. Lowe disclaims
beneficial ownership of such 3,098,095 Class A Shares.
10/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Sally Hechinger Rudoy include (a) the 454,049
Class A Shares (which include 271,180 Class B Shares convertible at
any time into an equal number of Class A Shares) held directly by
Sally Hechinger Rudoy and (b) the 2,627,786 Class A Shares (which
include 2,601,229 Class B Shares convertible at any time into an equal
number of Class A Shares) held by June Limited Partnership, as to
which Sally Hechinger Rudoy, a general partner of June Limited
Partnership, shares dispositive power with John W. Hechinger, Jr., S.
Ross Hechinger and Nancy Hechinger Lowe, the only other general
partners of June Limited Partnership. Sally Hechinger Rudoy disclaims
beneficial ownership of all shares held by June Limited Partnership
except to the extent of her partnership interest in June Limited
Partnership.
In addition, the number and percentage of Class A Shares shown in
the table as beneficially owned by Sally Hechinger Rudoy include (a)
the 14,518 Class A Shares (which include 7,827 Class B Shares
convertible at any time into an equal number of Class A Shares) held
by Sally Hechinger Rudoy as custodian for Jesse N. Rudoy and (b) the
14,518 Class A Shares (which include 7,827 Class B Shares convertible
at any time into an equal number of Class A Shares) held by Sally
Hechinger Rudoy as custodian for Charles H. Rudoy. Sally Hechinger
Rudoy disclaims beneficial ownership of all shares held by her as
custodian for Jesse N. Rudoy or Charles H. Rudoy.
The number and percentage of Class A Shares shown in the table as
beneficially owned by Sally Hechinger Rudoy also include the 8,518
Class A Shares (which include 5,827 Class B Shares convertible at any
time into an equal number of Class A Shares) held directly by her
spouse, Peter W. Rudoy. Sally Hechinger Rudoy disclaims beneficial
ownership of such 8,518 Class A Shares.
11/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Peter W. Rudoy include (a) the 8,518 Class A
Shares (which include 5,827 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by Peter Rudoy
and (b) the 3,110,871 Class A Shares (which include 2,888,063 Class B
Shares convertible at any time into an equal number of Class A Shares)
beneficially owned by his spouse, Sally Hechinger Rudoy, as described
in the first two paragraphs of footnote 10. Peter W. Rudoy disclaims
beneficial ownership of such 3,110,871 Class A Shares.
12/ The number and percentage of Class A Shares shown in the table as
beneficially owned by June Limited Partnership are the 2,627,786 Class
A Shares (which include 2,601,229 Class B Shares convertible at any
time into an equal number of Class A Shares) held directly by June
Limited Partnership. As a general matter, dispositive power over all
such shares is exercised by a majority in number of its general
partners. However, a disposition of securities having an aggregate
present value of more than $500,000 must be approved by partners
owning not less than
<PAGE>
Page 40
two-thirds of the outstanding partnership interests in June Limited
Partnership. The only general partners of June Limited Partnership are
John W. Hechinger, Jr., Nancy Hechinger Lowe, S. Ross Hechinger and
Sally Hechinger Rudoy, and the only other partners of June Limited
Partnership are John W. Hechinger and June R. Hechinger.
13/ The number and percentage of Class A Shares shown in the table as
beneficially owned by JARSAN Associates are the 215,330 Class A Shares
(which are 215,330 Class B Shares convertible at any time into an
equal number of Class A Shares) held directly by JARSAN Associates. As
a general matter, dispositive power over all such shares is exercised
by its managing general partners. However, a disposition of securities
which constitutes a disposition of all or substantially all the assets
of JARSAN Associates must be approved by all the partners of JARSAN
Associates. The only managing general partners of JARSAN Associates
are John W. Hechinger, Jr., and S. Ross Hechinger, and the only other
partners of JARSAN Associates are Nancy Hechinger Lowe and Sally
Hechinger Rudoy.
14/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Richard England include (a) the 590,468 Class A
Shares (which are 590,468 Class B Shares convertible at any time into
an equal number of Class A Shares) held directly by Richard England
and (b) the 590,468 Class A Shares (which are the 590,468 Class B
Shares convertible at any time into an equal number of Class A Shares)
beneficially owned by his spouse, Lois H. England, as described in the
first paragraph of footnote 15. Richard England disclaims beneficial
ownership of such 590,468 Class A Shares owned by Lois H. England.
15/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Lois H. England include (a) the 590,468 Class A
Shares (which are 590,468 Class B Shares convertible at any time into
an equal number of Class A Shares) held directly by Lois H. England
and (b) the 203,585 Class A Shares held by the England Share Trust for
the primary benefit of the England family. Lois H. England is only
trustee of the England Share Trust. Lois H. England disclaims
beneficial ownership of all shares so held by the England Share Trust.
The number and percentage of Class A Shares shown in the table as
beneficially owned by Lois H. England also include the 590,468 Class A
Shares (which are 590,468 Class B Shares convertible at any time into
an equal number of Class A Shares) held directly by her spouse,
Richard England, as described in footnote 14. Lois H. England
disclaims beneficial ownership of such 590,468 Class A Shares.
16/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Richard England, Jr., include (a) the 662,587
Class A Shares (which include 581,722 Class B Shares convertible at
any time into an equal number of Class A Shares) held directly by
Richard England, Jr., (b) the 1,386,455 Class A Shares (which are
1,386,455 Class B Shares convertible at any time into an equal number
of Class A Shares) held by Lois Associates, as to which Richard
England, Jr., a general partner of Lois Associates, shares dispositive
power with Joan England Akman and Catherine S. England, the only other
general partners of Lois Associates, and (c) the 15,330 Class A Shares
(which are 15,330 Class B Shares convertible at any time into an equal
number of Class A Shares) held by CARAN Associates, as to which
Richard England, Jr., a managing general partner of CARAN Associates,
shares dispositive power with Joan England Akman, the only other
managing general partner of CARAN Associates. Richard England, Jr.,
disclaims beneficial ownership of all shares held by Lois Associates
or CARAN Associates except to the extent of his partnership interests
in such entities.
17/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Diana England are the 2,064,372 Class A Shares
(which include 1,983,507 Class B Shares convertible at any time into
an equal number of Class A Shares) beneficially owned by her spouse,
Richard England, Jr., as described in footnote 16. Diana England
disclaims beneficial ownership of such 2,064,372 Class A Shares.
<PAGE>
Page 41
18/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Joan England Akman include (a) the 1,386,455
Class A Shares (which are 1,386,455 Class B Shares convertible at any
time into an equal number of Class A Shares) held by Lois Associates,
as to which Joan England Akman, a general partner of Lois Associates,
shares dispositive power with Richard England, Jr., and Catherine S.
England, the only other general partners of Lois Associates, and (b)
the 15,330 Class A Shares (which are 15,330 Class B Shares convertible
at any time into an equal number of Class A Shares) held by CARAN
Associates, as to which Joan England Akman, a managing general partner
of CARAN Associates, shares dispositive power with Richard England,
Jr., the only other managing general partner of CARAN Associates. Joan
England Akman disclaims beneficial ownership of all shares held by
Lois Associates or CARAN Associates except to the extent of her
partnership interests in such entities.
In addition, the number and percentage of Class A Shares shown in
the table as beneficially owned by Joan England Akman include (a) the
9,668 Class A Shares (which include 6,715 Class B Shares convertible
at any time into an equal number of Class A Shares) held by Joan
England Akman as custodian for Sara England Akman, (b) the 9,668 Class
A Shares (which include 3,005 Class B Shares convertible at any time
into an equal number of Class A Shares) held by Joan England Akman as
custodian for Jonathan England Akman and (c) the 9,668 Class A Shares
(which include 1,150 Class B Shares convertible at any time into an
equal number of Class A Shares) held by Joan England Akman as
custodian for Alex England Akman. Joan England Akman disclaims
beneficial ownership of all shares held by her as custodian for Sara
England Akman, Jonathan England Akman or Alex England Akman.
19/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Larry A. Akman are the 1,430,789 Class A Shares
(which include 1,412,655 Class B Shares convertible at any time into
an equal number of Class A Shares) beneficially owned by his spouse,
Joan England Akman, as described in footnote 18. Larry A. Akman
disclaims beneficial ownership of such 1,430,789 Class A Shares.
20/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Isham Peugh are the 8,106 Class A Shares (which
include 6,715 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by Isham Peugh. The number and
percentage of Class A Shares shown in the table as beneficially owned
by Isham Peugh do not include the Class A Shares (including all Class
B shares) beneficially owned by his former spouse, Catherine S.
England, as described in the first two paragraphs of footnote 21.
21/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Catherine S. England include (a) the 190,524
Class A Shares (which include 59,160 Class B Shares convertible at any
time into an equal number of Class A Shares) held directly by
Catherine S. England, (b) the 9,668 Class A Shares (which include
6,715 Class B Shares convertible at any time into an equal number of
Class A Shares) held by Catherine S. England as custodian for Evan
Peugh and (c) the 9,668 Class A Shares (which include 1,150 Class B
Shares convertible at any time into an equal number of Class A Shares)
held by Catherine S. England as custodian for Ryan Peugh. Catherine S.
England disclaims beneficial ownership of all shares held by her as
custodian for Evan Peugh or Ryan Peugh.
In addition, the number and percentage of Class A Shares shown in
the table as beneficially owned by Catherine S. England include the
1,386,455 Class A Shares (which are 1,386,455 Class B Shares
convertible at any time into an equal number of Class A Shares) held
by Lois Associates, as to which Catherine S. England, a general
partner of Lois Associates, shares dispositive power with Richard
England, Jr., and Joan England Akman, the only other general partners
of Lois Associates. Catherine S. England disclaims beneficial
ownership of all shares held by Lois Associates except to the extent
of her partnership interest in Lois Associates.
The number and percentage of Class A Shares shown in the table as
beneficially owned by Catherine S. England do not include the Class A
Shares (including all Class B Shares) beneficially owned by her former
spouse, Isham Peugh, as described in footnote 20.
<PAGE>
Page 42
22/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Lois Associates are the 1,386,455 Class A Shares
(which are 1,386,455 Class B Shares convertible at any time into an
equal number of Class A Shares) held directly by Lois Associates. As a
general matter, dispositive power over all such shares is exercised by
a majority in number of its general partners. However, a disposition
of securities having an aggregate present value of more than $500,000
must be approved by partners owning not less than two-thirds of the
outstanding partnership interests in Lois Associates. The only general
partners of Lois Associates are Richard England, Jr., Joan England
Akman and Catherine S. England.
23/ The number and percentage of Class A Shares shown in the table as
beneficially owned by CARAN Associates are the 15,330 Class A Shares
(which are 15,330 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by CARAN Associates. As a
general matter, dispositive power over all such shares is exercised by
its managing general partners. However, a disposition of securities
which constitutes a disposition of all or substantially all the assets
of CARAN Associates must be approved by all the partners of CARAN
Associates. The only managing general partners of CARAN Associates are
Richard England, Jr., and Joan England Akman, and the only other
partner of CARAN Associates is Catherine S. England.
24/ The number and percentage of Class A Shares shown in the table as
beneficially owned by the Hechinger Share Trust are the 406,585 Class
A Shares (which include 340,586 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by the Hechinger
Share Trust. John W. Hechinger is the only trustee of the Hechinger
Share Trust.
25/ The number and percentage of Class A Shares shown in the table as
beneficially owned by the England Share Trust are the 203,585 Class A
Shares held directly by the England Share Trust. Lois H. England is
the only trustee of the England Share Trust.
26/ The number and percentage of Class A Shares shown in the table as
beneficially owned by the Alexis Hechinger Vlack Irrevocable Trust are
the 8,888 Class A Shares (wich are the 8,888 Class B Shares
convertible at any time into an equal number of Class A Shares) held
directly by the Alexis Hechinger Vlack Irrevocable Trust. Nancy
Hechinger Lowe is the only trustee of the Alexis Hechinger Vlack
Irrevocable Trust.
27/ The number and percentage of Class A Shares shown in the table as
beneficially owned by the Molly Elizabeth Lowe Irrevocable Trust are
the 12,888 Class A Shares (which include 8,888 Class B Shares
convertible at any time into an equal number of Class A Shares) held
directly by the Molly Elizabeth Lowe Irrevocable Trust. Nancy
Hechinger Lowe is the only trustee of the Molly Elizabeth Lowe
Irrevocable Trust.
28/ The number and percentage of Class A Shares shown in the table as
beneficially owned by the Jamie A. Hechinger Trust are the 30,000
Class A Shares (which are the 30,000 Class B Shares convertible at any
time into an equal number of Class A Shares) held directly by the
Jamie A. Hechinger Trust. Deborah Hechinger is the only trustee of the
Jamie A. Hechinger Trust.
29/ The number and percentage of Class A Shares shown in the table as
beneficially owned by the Kathryn J. Hechinger Trust are the 30,000
Class A Shares (which are the 30,000 Class B Shares convertible at any
time into an equal number of Class A Shares) held directly by the
Kathryn J. Hechinger Trust. Deborah Hechinger is the only trustee of
the Kathryn J. Hechinger Trust.
30/ The number and percentage of Class A Shares shown in the table as
beneficially owned by the John A. Hechinger Trust are the 30,000 Class
A Shares (which are the 30,000 Class B Shares convertible at any time
into an equal number of Class A Shares) held directly by the John A.
Hechinger Trust. Deborah Hechinger is the only trustee of the John A.
Hechinger Trust.
