PHARMHOUSE CORP
SC 13D, 1997-06-09
DRUG STORES AND PROPRIETARY STORES
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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. Final )*

                                 Pharmhouse Corp
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, $.01 par value per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    717137103
- --------------------------------------------------------------------------------
                      (CUSIP Number of Class of Securities)

                             Michael J. Kaplan, Esq.
                       WisdomTree Capital Management, Inc.
        1633 Broadway, 38th Floor, New York, New York 10019 (212)843-2782
- --------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person Authorized to Receive Notices
                              and Communications)

                                June 6, 1997
- --------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Schedule)

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: [ ]

Check the following box if a fee is being paid with this 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).

<PAGE>

                                  SCHEDULE 13D


  CUSIP No.  717137103

     1    NAME OF REPORT PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          WisdomTree Capital Management, Inc.             I.D. #13-3729429

     2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP        (a) [  ]
                                                                  (b) [ X ]
     3    SEC USE ONLY

     4    SOURCE OF FUNDS *
               AF

     5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
          ITEMS 2(d) or 2(e)  [  ]

     6    CITIZENSHIP OR PLACE OF ORGANIZATION
                   New York

                       7        SOLE VOTING POWER
                                0 shares of Common Stock
         NUMBER OF
           SHARES      8        SHARED VOTING POWER
        BENEFICIALLY            77,100 shares of Common Stock
          OWNED BY
            EACH       9        SOLE DISPOSITIVE POWER
         REPORTING              0 shares of Common Stock
        PERSON WITH
                      10        SHARED DISPOSITIVE POWER
                                77,100 shares of Common Stock

     11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
               77,100 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)
                        3.2%

     14   TYPE OF REPORTING PERSON *
               CO

                      * SEE INSTRUCTIONS BEFORE FILING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

                               Page 2 of 8 pages
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                                  SCHEDULE 13D

CUSIP No.  717137103


     1         NAME OF REPORT PERSON
               S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

               WisdomTree Associates, L.P.                    I.D. #13-3729430

     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP      (a) [  ]
                                                                     (b) [ X ]

     3         SEC USE ONLY

     4         SOURCE OF FUNDS*

                WC

     5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
               TO ITEMS 2(d) or 2(e)   [  ]

     6         CITIZENSHIP OR PLACE OF ORGANIZATION
                   New York

                          7     SOLE VOTING POWER
                                0 shares of Common Stock
            NUMBER OF
             SHARES
          BENEFICIALLY    8     SHARED VOTING POWER
            OWNED BY            77,100 shares of Common Stock
              EACH
            REPORTING     9     SOLE DISPOSITIVE POWER
           PERSON WITH          0 shares of Common Stock

                         10     SHARED DISPOSITIVE POWER
                                77,100 shares of Common Stock

     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
               77,100 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)
                       3.2%

     14        TYPE OF REPORTING PERSON *
                        PN


                      * SEE INSTRUCTIONS BEFORE FILING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

                               Page 3 of 8 pages
<PAGE>

Item 1.           Security and Issuer.

                  This  Statement  on  Schedule  13D,  dated  June 06, 1997,
relates to the common  stock,  par value $.01 per share (the "Common  Stock") of
Pharmhouse Corp., a corporation organized under the laws of the State of New 
York (the "Company"), and is being filed pursuant to Rule 13d-1 under the  
Securities  Exchange  Act of 1934,  as  amended.  This statement relates to: the
orginal filing on Schedule 13D relating to the Common Stock, filed May 31, 1996;
Amendment #1 to that Schedule dated May 29, 1996; Amendment #2 to 
that Schedule dated July 29, 1996, and; Amendement #3 to that Schedule dated 
January 13, 1997, and; this Statement made by WisdomTree Associates, L.P.
("WTAssociates"), and WisdomTree Capital Management, Inc. ("WTInc") shall be 
deemed to be the Final filing on this Schedule  13D.  The address of the 
principle executive office of the Company is 860 Broadway, New York, New York 
10003.  As reported in its Form 10-K for the fiscal year ended February 1, 1997,
as of February 1, 1997, the Company had 2,374,443 shares of Common Stock 
outstanding.

Item 2.           Identity and Background.

                  As of June 04, 1997, Russell Anmuth resigned as Vice President
of WTInc and; Mr. Anmuth is no longer a limited parnter of WTAssociates.

Item 3.           Source and Amount of Funds or Other Consideration.

                  As of the close of business on June 6, 1997,  WTAssociates
owned 77,100  shares of Common Stock acquired in brokered  transactions  for an
aggregate  purchase  price,  including  commissions and net of sales to date, if
any,  of  shares  of  Common  Stock,  of  $421,296.60.  The  source of funds for
acquisition   of  such  Common  Stock  was  available   investment   capital  of
WTAssociates  and, from time to time,  borrowings in margin  accounts  regularly
maintained at Paine Webber Incorporated.
                            
                 

                                 Page 4 of 8 Pages
<PAGE>

Item 5.           Interest in Securities of the Issuer.

(a) As of the close of business on June 6, WTAssociates was the record
owner and had direct  beneficial  ownership of 77,100 shares,  or approximately
3.2% of the outstanding Common Stock.

               As the General Partner of WTAssociates, WTInc may be deemed to 
have direct beneficial ownership of the 77,100 shares, or approximately 3.2% of 
the outstanding Common Stock owned of record by WTAssociates.


                  Each of the other persons and entities named in Item 2 may, by
virtue of their  relationship to WTAssociates as is described therein, be deemed
to have indirect   beneficial   ownership  of  the  Common Stock  owned  of  
record  by WTAssociates;  however,  each of such  persons and entities disclaims
such beneficial  ownership and, to the best knowledge of the Reporting Entities 
and except as may be specifically otherwise set forth herein,  no such persons 
and/or entities has any other beneficial ownership of Common Stock.

                  Messrs.  Steinberg,  Schmidt,  and Rosenblum may, by virtue of
their status as Limited  Partners of  WTAssociates,  and WTInc may, by virtue of
its  economic  interest as General  Partner of  WTAssociates,  be deemed to have
beneficial  ownership of that portion of the  securities  owned by  WTAssociates
corresponding to their respective equity interests therein.

(b) The power to vote or direct  the vote and the power to dispose or direct the
disposition  of the 77,100 shares of Common Stock as to which  WTAssociates  is
the  record  owner may be deemed to be shared  between  WTInc and  WTAssociates,
although  WTInc, as General Partner of  WTAssociates,  is generally  vested with
sole control of such matters.

                                 Page 5 of 8 pages
<PAGE>

                 
                  To the best  knowledge  of the  Reporting  Entities,  no other
person or entity included in Item 2, by virtue of the capacity indicated therein
and separate from their direct involvement with the Reporting  Entities,  shares
in the power to vote or direct  the vote or the power to  dispose  or direct the
disposition of the 77,100 shares of Common stock as to which  WTAssociates are 
the aggregate record owners.

(c)  Information  concerning  transactions  in  Common  Stock  effected  by  the
Reporting  Entities  during the last Sixty (60) days is set forth in  Schedule A
hereto and is incorporated by reference;  all of such transactions were effected
in open market transactions.  Except as set forth in Schedule A, no transactions
in Common Stock have been effected by any of the  Reporting  Entities or, to the
best  knowledge  of the  Reporting  Entities,  by any of the persons or entities
included in Item 2, during the past 60 days.

(d)               Not applicable.

(e)               Not applicable.

Item 7.           Material to be Filed as Exhibits.

                  Exhibit A -       Transactions in Common Stock
             

                               Page 6 of 8 pages

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                                   SIGNATURES

                  After reasonable  inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.


Dated:   June 09, 1997           WISDOMTREE ASSOCIATES, L.P.

                                  By:      WisdomTree Capital Management, Inc.
                                           General Partner


                                  By:      /S/ Scot Rosenblum
                                           -----------------------
                                           Name:    Scot Rosenblum
                                           Title:   Vice President



Dated:   June 09, 1997           WISDOMTREE CAPITAL MANAGEMENT, INC.


                                  By:      /S/ Scot Rosenblum
                                           -----------------------
                                           Name:    Scot Rosenblum
                                           Title:   Vice President


                               Page 7 of 8 pages

<PAGE>

                                   EXHIBIT A


WisdomTree Associates, L.P.

Date                Per Share $ Price        # Shares Acquired (Disposed)

01/31/97            8.70                     (6,700)
02/03/97            8.82                     (2,300)
02/11/97            7.68                     (1,300)
02/13/97            7.69                     (2,400)
02/14/97            7.70                     (4,600)
03/06/97            7.18                     (1,100)
03/07/97            7.18                     (1,000)
03/11/97            7.07                     (2,500)
06/06/97            8.25                     (130,000)

                               Page 8 of 8 pages



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