<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)
Nathans Famous, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
63234710
- --------------------------------------------------------------------------------
(CUSIP Number)
*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).
<PAGE> 2
SCHEDULE 13G
- ----------------------------------- ------------------------
CUSIP NO. 63234710 PAGE 2 OF 5 PAGES
- ----------------------------------- ------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Jordan American Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[_]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 806,960
REPORTING -----------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
806,960
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
806,960
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
Item 1(a). NAME OF ISSUER:
Nathans Famous, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1400 Old Country Road, Westbury, NY 11590
ITEM 2(a). NAME OF PERSON FILING:
Jordan American Holdings, Inc. ("JAHI")
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
1875 Ski Time Square Drive, Suite One, Steamboat Springs,
Colorado 80487
ITEM 2(c). CITIZENSHIP:
Florida
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
63234710
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b),
OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940.
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned: JAHI, in its
capacity as a registered investment
adviser, may be deemed to be the
beneficial owner of 806,960 shares of the
issuer's common stock held in
discretionary accounts for various
clients.
(b) Percent of Class: 16.9%.
3 of 5 pages
<PAGE> 4
(c) For information on voting and dispositive power
with respect to the above-listed shares, please see
Items 5-8 of the Cover Page.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Shares as to which this schedule is filed are beneficially
owned by various clients of the person filing this schedule.
These clients receive dividends and the proceeds from the
sale of such shares. No such client is known to have such
interest with respect to more than 5% of the class, except as
follows:
NONE
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
4 of 5 pages
<PAGE> 5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
/s/ Frederick A. Whittlesey
- ---------------------------------
Name: Frederick A. Whittlesey
Title: Vice President
Dated: February 13, 1997
5 of 5 pages
