UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
AU BON PAIN CO., INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK/CLASS B COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
05010 3100/05010 3209
---------------------
(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 1 of 7 pages
<PAGE>
- ---------------------------------- ---------------------------
|CUSIP NO. 05010 3100/05010 3209 | 13G | Page 2 of 7 Pages |
| --------------------- | | --- --- |
- ---------------------------------- ---------------------------
|--------|---------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities only) |
| | |
| | Ronald M. Shaich |
|--------|---------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] |
| | (b) [ ] |
| | |
|--------|---------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|--------|---------------------------------------------------------------------|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | United States of America |
|-----------------|--------|---------------------------------------------------|
| | 5 | SOLE VOTING POWER |
| | | 292,365 shares of Class A Common Stock/ |
| | | 1,097,710 shares of Class B Common Stock |
| NUMBER OF |--------|---------------------------------------------------|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | 0 |
| OWNED BY |--------|---------------------------------------------------|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 292,365 shares of Class A Common Stock/ |
| PERSON | | 1,097,710 shares of Class B Common Stock |
| WITH |--------|---------------------------------------------------|
| | 8 | SHARED DISPOSITIVE POWER |
| | | 0 |
|------------------------------------------------------------------------------|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | 292,365 shares of Class A Common Stock/ |
| | 1,097,710 shares of Class B Common Stock |
|--------|---------------------------------------------------------------------|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [ ] |
| | SHARES |
| | |
|--------|---------------------------------------------------------------------|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 2.8% of Class A Common Stock/ |
| | 68.2% of Class B Common Stock |
|--------|---------------------------------------------------------------------|
| 12 | TYPE OF REPORTING PERSON |
| | IN |
- --------------------------------------------------------------------------------
Page 2 of 7 pages
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Item 1(a). Name of Issuer
--------------
Au Bon Pain Co., Inc.
Item 1(b). Address of Issuer's Principal Office
------------------------------------
19 Fid Kennedy Avenue
Boston, MA 02210
Item 2(a). Name of Person Filing
---------------------
Ronald M. Shaich
Item 2(b). Address of Principal Business Office, or if None, Residence
-----------------------------------------------------------
c/o Au Bon Pain Co., Inc.
19 Fid Kennedy Avenue
Boston, MA 02210
Item 2(c). Citizenship
-----------
United States of America
Item 2(d). Title of Class of Securities
----------------------------
Class A Common Stock, par value $.0001 per share/
Class B Common Stock, par value $.0001 per share
Item 2(e). CUSIP Number
------------
05010 3100/05010 3209
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a)[ ] Broker or Dealer registered under Section 15 of the Act
(b)[ ] Bank as defined in Section 3(a)(6) of the Act.
(c)[ ] Insurance Company as defined in Section 3(a)(19) of the Act.
(d)[ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e)[ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f)[ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F).
(g)[ ] Parent Holding company, in accordance with Rule 13d-1(b)(ii)
(G) (Note: See Item 7)
(h)[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership
---------
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds
Page 3 of 7 pages
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five percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned:
292,365 shares of Class A Common Stock/
1,097,710 shares of Class B Common Stock
Mr. Shaich's beneficial ownership consists of (1) 15,035 shares of
Class A Common Stock, (2) 277,330 stock options vested and
exercisable presently or within 60 days to acquire a like number of
shares of Class A Common Stock, and (3) 1,097,710 shares of Class B
Common Stock. The Class B Common Stock is convertible share-for-share
into shares of Class A Common Stock. See the note on voting
percentages below.*
(b) Percent of Class:
2.8% of Class A Common Stock/
68.2% of Class B Common Stock
(c) Number of shares as to which such persons has:
(i) sole power to vote or to direct the vote:
292,365 shares of Class A Common Stock/
1,097,710 shares of Class B Common Stock
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the
disposition of:
292,365 shares of Class A Common Stock/
1,097,710 shares of Class B Common Stock
(iv) shared power to dispose or to direct the disposition of:
-0-
*Due to the fact that each share of Class A Common Stock is entitled
to one vote on all matters submitted to stockholders and each share
of Class B Common Stock is entitled to three votes on all such
matters, equity percentage is not equivalent to voting power. Mr.
Shaich's aggregate percentage of voting power is equal to
approximately 23.4% of the issuer's combined voting equity
securities.
Page 4 of 7 pages
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Item 6. Ownership of Five Percent or Less of a Class.
--------------------------------------------- If this statement is
being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X].
Mr. Shaich is the beneficial owner of 2.8% of the Class A Common
Stock. Mr. Shaich is the beneficial owner of 68.2% of the Class B
Common Stock. Mr. Shaich's aggregate percentage of voting power is
equal to approximately 23.4% of the issuer's combined voting equity
securities.
Item 7. Ownership of More than Five Percent on Behalf of Another Person.
------------------------------------------------------------
If any other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from
the sale of, such securities, a statement to that effect should be
included in response to this item and, if such interest relates to
more than five percent of the class, such person should be
identified. A listing of the shareholders of an investment company
registered under the Investment Company Act of 1940 or the
beneficiaries of employee benefit plan, pension fund or endowment
fund is not required.
Inapplicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
--------------------------------------------------------------------
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and Item 3 classification of the relevant
subsidiary. If a parent holding company has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the
identification of the relevant subsidiary.
Inapplicable
Item 8. Identification and Classification of Members of the Group.
------------------------------------------------------------
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(H), so indicate under Item 3(h) and attach an exhibit
stating the identity and Item 3 classification of each member of the
group. If a group has filed this schedule pursuant to Rule 13d-1(c),
attach an exhibit stating the identity of each member of the group.
Inapplicable
Page 5 of 7 pages
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Item 9. Notice of Dissolution of Group.
-------------------------------
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings with
respect to transactions in the security reported on will be filed, if
required, by the members of the group, in their individual capacity.
(See Item 5.)
Inapplicable
Item 10. Certification.
--------------
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 6 of 7 pages
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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.
Date: February 8, 1998
--------------------------------------
Signature: /s/ Ronald M. Shaich
---------------------------------
Name/Title: Ronald M. Shaich
--------------------------------
Page 7 of 7 pages
