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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Aviall, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
05366B 10 2
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(CUSIP Number)
Kurt Butenhoff
c/o Bear Stearns & Co. Inc.
245 Park Avenue, New York, New York 10167 (212) 272-6849
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 2, 1996
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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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /.
(A fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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).
(Continued on following page(s))
Page 1 of 7 Pages
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CUSIP No. 05366B 10 2 13D Page 2 of 7 Pages
-------------------- ----- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mandarin, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bahamas
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 849,600
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 849,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
849,600
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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)
4.4%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 05366B 10 2 13D Page 3 of 7 Pages
-------------------- ----- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph Lewis
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 849,600
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 849,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
849,600
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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)
4.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 05366B 10 2 13D Page 4 of 7 Pages
-------------------- ----- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jane Lewis
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 849,600
---------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 849,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
849,600
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 5 of 7
This Amendment No. 3 to the Schedule 13D filed by Mandarin, Inc.
("Mandarin"), Joseph Lewis and Jane Lewis relates to shares of the Common Stock,
$.01 par value per share (the "Common Stock"), of Aviall, Inc. (the "Issuer").
Capitalized terms not otherwise defined herein shall have their respective
meanings as set forth in the initial filing on Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby amended by adding the following at the end thereof:
"Mandarin has sold 850,100 shares of the Common Stock of the Issuer
in open market sales at various prices and in varying amounts between October 9,
1996 and December 2, 1996 for an aggregate sales price of $8,152,532.37."
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety to read as
follows:
"Item 5. Interest in Securities of the Issuer
Mandarin beneficially owns 849,600 shares of Common Stock of the
Issuer, representing 4.4% of such class of securities. The percentage of shares
of Common Stock reported beneficially owned is based upon 19,525,379 shares
outstanding as of November 4, 1996 as reflected in the Issuer's Quarterly Report
on Form 10-Q for the quarterly period ended September 30, 1996, as filed with
the Securities and Exchange Commission. The Reporting Persons share voting and
dispositive power with respect to all of the shares of Common Stock owned by
Mandarin.
The trading dates, number of shares purchased or sold, price and
manner of trade for Mandarin during the period from October 9, 1996 to
December 2, 1996 is set forth on Schedule A hereto. The transactions
described above constitute the only transactions in the shares of Common Stock
of the Issuer which have been effected by any of the Reporting Persons during
such period.
On December 2, 1996, Mandarin ceased to be the beneficial owner of
more than 5% of the Issuer's Common Stock."
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Page 6 of 7
Signature
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The undersigned, after resonable inquiry and to the best of their
knowledge and belief, certify that the information set forth in this statement
is true, complete and correct.
Dated: December 3, 1996
MANDARIN, INC.
By: /s/Joseph Lewis
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Joseph Lewis, Director
By: /s/Joseph Lewis
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Joseph Lewis, Individually
By: /s/Jane Lewis
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Jane Lewis, Individually
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Page 7 of 7
SCHEDULE A
Type of Security Trade Date Quantity Sales Price Per Share Effected
- ---------------- ---------- -------- --------------------- --------
Common Stock 9-Oct-96 35,000 $ 8.1936 Open Market
Common Stock 10-Oct-96 50,000 $ 8.0650 Open Market
Common Stock 10-Oct-96 10,400 $ 8.1900 Open Market
Common Stock 15-Oct-96 15,000 $ 8.0650 Open Market
Common Stock 12-Nov-96 10,000 $ 8.3150 Open Market
Common Stock 13-Nov-96 29,700 $ 10.1921 Open Market
Common Stock 2-Dec-96 700,000 $ 9.8150 Open Market
Totals: 850,100
