SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)(1)
Vector Group Ltd.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
112525100
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(CUSIP Number)
Gilbert, Segall and Young LLP
430 Park Avenue
New York, New York 10022
Attention: Arthur E. Rosenberg, Esq.
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 7, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |_| .
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 8 Pages)
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(1) 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 disclosures provided in a prior cover page.
The information required on 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).
<PAGE>
CUSIP No. 112525100 SCHEDULE 13D Page 2 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Artemis America Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,837,778 shares of Common Stock
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,837,778 shares of Common Stock
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,837,778 shares of Common Stock
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 112525100 SCHEDULE 13D Page 3 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Artemis Finance SNC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
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7 SOLE VOTING POWER
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,837,778 shares of Common Stock
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,837,778 shares of Common Stock
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,837,778 shares of Common Stock
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 112525100 SCHEDULE 13D Page 4 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Artemis SA
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
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7 SOLE VOTING POWER
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,837,778 shares of Common Stock
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,837,778 shares of Common Stock
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,837,778 shares of Common Stock
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
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14 TYPE OF REPORTING PERSON*
HC; CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 5
This Amendment No. 1 amends the Schedule 13D filed on July 10, 2000 (the
"Schedule 13D") by Artemis America Partnership, a Delaware general partnership
("Artemis America"), and its general partners, Artemis Finance Inc. ("Artemis
Finance") and Artemis SA ("Artemis," and together with Artemis America and
Artemis Finance, the "Reporting Persons"), both of which are foreign
corporations.
Item 1. Security and Issuer
No change.
Item 2. Identity and Background
No change.
Item 3. Source and Amount of Funds or Other Consideration
The aggregate exercise price of the warrants to purchase common stock, par
value $.10 per share (the "Common Stock"), of Vector Group Ltd. (the "Issuer")
exercised by Artemis America was $90,678. Such amount was paid for by available
funds of Artemis America.
Item 4. Purpose of the Transaction
This filing is being made in connection with the exercise by Artemis
America of warrants to purchase an aggregate of 952,102 shares of Common Stock
(the "Exercised Warrants"). At the same time as the exercise of the Exercised
Warrants, Artemis America transferred to Lion Advisors, L.P. ("Lion") warrants
exercisable into an aggregate of 79,522 shares of Common Stock (the "Lion
Warrants"). The Lion Warrants were transferred to Lion in payment for certain
management fees owed by Artemis America to Lion.
The warrants and common stock of the Issuer owned by the Reporting Persons
are held for general investment purposes; however, the Reporting Persons retain
the right to change their investment intent in the future depending upon
relevant and applicable circumstances.
Except as set forth herein, the Reporting Persons do not have any plans or
proposals which would relate to or result in any of the transactions described
in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
<PAGE>
Page 6
Item 5. Interest of Securities of the Issuer
(a) Artemis America owns warrants currently exercisable for an aggregate
of 885,676 shares of Common Stock (the "Warrants") and 952,102 shares of Common
Stock (the "Shares'). Accordingly, Artemis America currently beneficially owns
within the meaning of Rule 13d-3, by virtue of their ownership of the Warrants
and the Shares, an aggregate of 1,837,778 shares of Common Stock, representing
approximately 7.7% of the issued and outstanding shares of the Common Stock
(assuming exercise in full of the Warrants), based on the Issuer having issued
and outstanding 21,989,782 shares of Common Stock on August 11, 2000 (according
to the Issuer's most recent Quarterly Report on Form 10-Q). Artemis Finance and
Artemis as general partners of Artemis America may be deemed to be the
beneficial owners of the Warrants and Shares owned by Artemis America.
(b) The Reporting Persons may be deemed to have shared voting and
dispositive power with respect to 1,837,778 shares of Common Stock. See the
information set forth on Appendix A.
(c) See the information set forth under "Item 4. Purpose of the
Transaction."
(d)-(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
the Securities of the Issuer
No change.
Item 7. Material to be Filed as Exhibits
No change.
<PAGE>
Page 7
SIGNATURE
After reasonably inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: September 19, 2000
ARTEMIS AMERICA PARTNERSHIP
By: Artemis SA, General Partner
By: /s/ Emmanuel Cueff
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Name: Emmanuel Cueff
Title: General Secretary
ARTEMIS FINANCE SNC
By: Artemis SA, General Partner
By: /s/ Emmanuel Cueff
------------------------------------
Name: Emmanuel Cueff
Title: General Secretary
ARTEMIS SA
By: /s/ Emmanuel Cueff
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Name: Emmanuel Cueff
Title: General Secretary
<PAGE>
Page 8
APPENDIX A
No change.
