UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No 2)*
Guest Supply, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
401630108
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(CUSIP Number)
Louis J. Bevilacqua, Esq., Cadwalader, Wickersham & Taft,
100 Maiden Lane, New York, NY 10038
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 5, 1997
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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 |_|.
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. 401630108
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Summerset Group LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) |_| (b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK 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
Delaware
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7 SOLE VOTING POWER
595,900
NUMBER OF ------- --------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 595,900
PERSON ------- --------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
595,900
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
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14 TYPE OF REPORTING PERSON (See Instructions)
OO
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<PAGE>
Item 3. Source and Amount of Funds or Other Consideration.
337,400 Shares beneficially owned by Summerset were acquired with general
company funds. The remaining 258,500 Shares beneficially owned by Summerset were
contributed to Summerset as initial capital contributions by the founding
members thereof.
Item 5. Interest in Securities of the Issuer
(a) According to Guest Supply's Quarterly Report on Form 10-Q for the
quarter ended March 31, 1998, as of March 31, 1998 Guest Supply had issued and
outstanding 6,615,478 Shares. Summerset is the beneficial owner of 595,900
Shares, or 9.0% of the outstanding Shares. Neither Robert Shapiro nor Nathan
Shapiro beneficially own any Shares other than through Summerset.
(b) Summerset has the sole power to vote and to dispose of 595,900 Shares.
Robert Shapiro and Nathan Shapiro are the sole Voting Members of Summerset.
(c) On the dates and at the price per Share set forth below, Summerset
acquired a total of 104,000 Shares in open market transactions.
Date No. of Shares Price per Share
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December 8, 1997 19,000 $12.94
December 15, 1997 39,700 $11.98
July 23, 1998 12,500 $13.65
August 5, 1998 32,800 $12.40
(d) None
(e) Not applicable.
<PAGE>
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.
Dated: August 12, 1998
SUMMERSET GROUP LLC
By: /s/ Robert Shapiro
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Robert Shapiro
Manager
