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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. 7)*
-
General Cigar Holdings, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
36933P100
-----------------------------------------
(CUSIP Number)
Stuart Panish, c/o Zweig-DiMenna Associates LLC, 900 Third Avenue,
New York, New York 10022 (212) 451-1100
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 5, 1998
-------------------------------------------
(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 this statement [_]. (A fee
is not required only if the filing 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 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>
SCHEDULE 13D
CUSIP NO. 36933P100 Page 2 of __ Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zweig-DiMenna Partners, L.P., Zweig-DiMenna International Limited
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account
Gotham Advisors, Inc., on behalf of a discretionary account
Zweig-DiMenna Special Opportunities, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
3 SEC USE ONLY
4 SOURCE OF FUNDS* WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Zweig-DiMenna Partners, L.P.-New York, Zweig-DiMenna International
Limited - British Virgin Islands
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account - Delaware
Gotham Advisors, Inc., on behalf of a discretionary account - Delaware
Zweig-DiMenna Special Opportunities, L.P. - Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7 SOLE VOTING POWER (Exclusive of Class B Shares)
Zweig-DiMenna Partners, L.P. - 124,200; Zweig-DiMenna International
Limited - 300,900
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account - 54,600
Gotham Advisors, Inc., on behalf of a discretionary account - 21,800
Zweig-DiMenna Special Opportunities, L.P. 27,500
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER (Exclusive of Class B Shares)
Zweig-DiMenna Partners, L.P. - 124,200; Zweig-DiMenna International
Limited - 300,900
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account - 54,600
Gotham Advisors, Inc., on behalf of a discretionary account - 21,800
Zweig-DiMenna Special Opportunities, L.P. 27,500
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON (Exclusive of
Class B Shares)
Zweig-DiMenna Partners, L.P. - 124,200; Zweig-DiMenna International
Limited - 300,900
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account - 54,600
Gotham Advisors, Inc., on behalf of a discretionary account - 21,800
Zweig-DiMenna Special Opportunities, L.P. 27,500
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 INCLUDES CERTAIN SHARES*
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11*
Total - 5.8%
Zweig-DiMenna Partners, L.P. - 1.3%; Zweig-DiMenna International
Limited - 3.2%
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account - 0.6%
Gotham Advisors, Inc., on behalf of a discretionary account - 0.3%
Zweig-DiMenna Special Opportunities, L.P. - 0.4%
14 TYPE OF REPORTING PERSON
Zweig-DiMenna Partners, L.P. - PN
Zweig-DiMenna International Limited - CO
Zweig-DiMenna International Managers, Inc. - CO
Gotham Advisors, Inc. - CO
Zweig-DiMenna Special Opportunities, L.P. - PN
* In calculating the percentage of Class A Common Stock that the Investor owns
for 13D purposes the numerator being used is the total number of Class A Common
Stock shares and Class B Common Stock shares that the Investor owns, as of the
filing date, and the denominator being used is based on the most recent
available number of outstanding Class A Common Stock Shares plus the additional
Class B Common Stock shares that the Investors own.
<PAGE>
SCHEDULE 13D - AMENDMENT NO. 7
Zweig-DiMenna International Limited, Zweig-DiMenna Partners, L.P., Zweig
DiMenna Special Opportunities, L.P., Zweig-DiMenna International Managers, Inc.
and Gotham Advisors, Inc. (the "Investors") hereby amend the Schedule 13D, filed
with respect to shares of Class A common stock, par value $.01 per share (the
"Class A Common Stock") of General Cigar Holdings, Inc.
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS
The first sentence of Item 3 is amended to read as follows:
"The Class A Common Stock of General Cigar Holdings Inc. were
purchased at an aggregate cost of $11,317,317 with the investment capital
of Zweig-DiMenna International Limited, Zweig-DiMenna Partners, L.P.,
Zweig-DiMenna Special Opportunities, L.P., the discretionary account
managed by Zweig-DiMenna International Managers, Inc. (the "ZDIM Account")
and the discretionary account managed by Gotham Advisors, Inc. (the "Gotham
Account")."
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER
The Investors amend item 5 to state the following Class A Common Stock and
Class B Common Stock owned /1/:
a. Aggregate number of Class A Common Stock and Class B Common Stock
beneficially owned:
<TABLE>
<CAPTION>
Entity Class A Common Stock Class B Common Stock
- -------------------------------------------------------------------------------------
<S> <C> <C>
Zweig-DiMenna Partners, L.P. 124,200 36,058
- -------------------------------------------------------------------------------------
Zweig DiMenna Special Opportunities, 27,500 24,975
L.P.
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Zweig-DiMenna International Limited 300,900 80,339
- -------------------------------------------------------------------------------------
ZDIM Account 54,600 18,379
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Gotham Account 21,800 9,957
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</TABLE>
- ----------
1 For the definition of Class B Common Stock see Item 4 of the Investors'
Amendment No. 2 to the Investors' 13D which was filed on September 12, 1997.
<PAGE>
Percent of Class A Common Stock shares beneficially owned/2/:
Zweig-DiMenna Partners, L.P. - 1.3%
Zweig-DiMenna Special Opportunities, L.P. - 0.4%
Zweig-DiMenna International Limited - 3.2%
ZDIM Account - 0.6%
Gotham Account - 0.3%
b. Number of shares of Class A Common Stock and Class B Common Stock as to
which there is sole power to vote:
<TABLE>
<CAPTION>
Entity Class A Common Stock Class B Common Stock
<S> <C> <C>
- --------------------------------------------------------------------------
Zweig-DiMenna Partners, 124,200 36,058
L.P.
- --------------------------------------------------------------------------
Zweig DiMenna Special 27,500 24,975
Opportunities, L.P.
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Zweig-DiMenna 300,900 80,339
International Limited
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ZDIM Account 54,600 18,379
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Gotham Account 21,800 9,957
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</TABLE>
Number of shares of Class A Common Stock and Class B Common Stock as
to which there is shared power to vote or to direct the vote:
Zweig-DiMenna International Limited - 0
Zweig-DiMenna Partners, L.P. - 0
Zweig-DiMenna Special Opportunities, L.P. - 0
ZDIM Account - 0
Gotham Account - 0
- ----------
2 In calculating the percentage of Class A Common Stock that the Investor owns
for 13D purposes the numerator being used is the total number of Class A
Common Stock shares and Class B Common Stock shares that the Investor owns,
as of the filing date, and the denominator being used is based on the most
recent available number of outstanding Class A Common Stock shares plus the
additional Class B Common Stock shares that the Investors own.
<PAGE>
Number of shares of Class A Common Stock and Class B Common Stock shares
as to which there is sole power to dispose or to direct the disposition:
<TABLE>
<CAPTION>
Entity Class A Common Stock Class B Common Stock
- -------------------------------------------------------------------------------------
<S> <C> <C>
Zweig-DiMenna Partners, L.P. 124,200 36,058
- -------------------------------------------------------------------------------------
Zweig DiMenna Special Opportunities, 27,500 24,975
L.P.
- -------------------------------------------------------------------------------------
Zweig-DiMenna International Limited 300,900 80,339
- -------------------------------------------------------------------------------------
ZDIM Account 54,600 18,379
- -------------------------------------------------------------------------------------
Gotham Account 21,800 9,957
- -------------------------------------------------------------------------------------
</TABLE>
Number of shares of Class A Common Stock and Class B Common Stock as
to which there is shared power to dispose or to direct the disposition:
Zweig-DiMenna International Limited - 0
Zweig-DiMenna Partners, L.P. - 0
Zweig-DiMenna Special Opportunities, L.P - 0
ZDIM Account - 0
Gotham Account - 0
c. Since December 15, 1997, the date of the Investors' last 13D filing
for General Cigar Holdings, Inc., Zweig-DiMenna Special Opportunities, L.P.,
Zweig-DiMenna International Limited, Zweig-DiMenna Partners, L.P., the ZDIM
Account and the Gotham Account purchased and/or sold the shares of Class A
Common Stock on the open market on the following dates and at the following
prices and in the following amounts:
ZWEIG-DIMENNA SPECIAL OPPORTUNITIES, L.P.
DATE DESCRIPTION OF TRANSACTION
12/15/97 Purchased 1,800 Class A Common Stock shares at $23.1534 a share
12/17/97 Purchased 3,500 Class A Common Stock shares at $22.0480 a share
12/31/97 Purchased 2,200 Class A Common Stock shares at $21.2342 a share
1/22/98 Sold 1,100 Class A Common Stock shares at $20.00 a share
<PAGE>
2/3/98 Sold 4,700 Class A Common Stock shares at $18.7538 a share
ZWEIG-DIMENNA INTERNATIONAL LIMITED
DATE DESCRIPTION OF TRANSACTION
12/15/97 Purchased 6,900 Class A Common Stock shares at $23.1534 a share
12/17/97 Purchased 13,300 Class A Common Stock shares at $22.0480 a share
12/31/97 Purchased 7,900 Class A Common Stock shares at $21.2342 a share
1/22/98 Sold 13,800 Class A Common Stock shares at $20.00 a share
2/3/98 Sold 58,900 Class A Common Stock shares at $18.7538 a share
2/4/98 Sold 1,200 Class A Common Stock shares at $18.2643 a share
2/5/98 Sold 38,500 Class A Common Stock shares at $18.0757 a share
ZWEIG-DIMENNA PARTNERS, L.P.
DATE DESCRIPTION OF TRANSACTION
12/15/97 Purchased 3,000 Class A Common Stock shares at $23.1534 a share
12/17/97 Purchased 5,700 Class A Common Stock shares at $22.0480 a share
12/31/97 Purchased 3,400 Class A Common Stock shares at $21.2342 a share
1/22/98 Sold 6,300 Class A Common Stock shares at $20.00 a share
2/3/98 Sold 26,600 Class A Common Stock shares at $18.7538 a share
2/4/98 Sold 10,200 Class A Common Stock shares at $18.2446 a share
2/4/98 Sold 5,800 Class A Common Stock shares at $18.2643 a share
2/5/98 Sold 14,000 Class A Common Stock shares at $18.0757 a share
ZDIM ACCOUNT
DATE DESCRIPTION OF TRANSACTION
12/15/97 Purchased 1,300 Class A Common Stock shares at $23.1534 a share
<PAGE>
12/17/97 Purchased 2,500 Class A Common Stock shares at $22.0480 a share
12/31/97 Purchased 1,500 Class A Common Stock shares at $21.2342 a share
1/22/98 Sold 2,900 Class A Common Stock shares at $20.00 a share
2/3/98 Sold 12,500 Class A Common Stock shares at $18.7538 a share
2/4/98 Sold 7,300 Class A Common Stock shares at $18.2446 a share
2/4/98 Sold 2,200 Class A Common Stock shares at $18.2643 a share
2/5/98 Sold 8,000 Class A Common Stock shares at $18.0757 a share
GOTHAM ACCOUNT
DATE DESCRIPTION OF TRANSACTION
1/22/98 Sold 900 Class A Common Stock shares at $20.00 a share
2/3/98 Sold 3,800 Class A Common Stock shares at $18.7538 a share
d. Not Applicable
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.
Date: February 6, 1998
ZWEIG-DiMENNA INTERNATIONAL LIMITED
By: Zweig-DiMenna International Managers, Inc.,
Investment Manager
By: /s/ Joseph A. DiMenna
----------------------
Name: Joseph A. DiMenna
Title: Executive Vice President
ZWEIG-DiMENNA PARTNERS, L.P.
By: Zweig-DiMenna Associates LLC,
Managing General Partner
By: /s/ Joseph A. DiMenna
---------------------
Name: Joseph A. DiMenna
Title: Managing Director of Managing General Partner
ZWEIG-DiMENNA SPECIAL OPPORTUNITIES, L.P.
By: Zweig-DiMenna Associates LLC,
Managing General Partner
By:/s/ Joseph A. DiMenna
----------------------
Name: Joseph A. DiMenna
Title: Managing Director of Managing General Partner
ZWEIG-DiMENNA INTERNATIONAL MANAGERS, INC.
By:/s/ Joseph A. DiMenna
----------------------
Name: Joseph A. DiMenna
Title: Executive Vice President
GOTHAM ADVISORS, INC.
By:/s/ Joseph A. DiMenna
----------------------
Name: Joseph A. DiMenna
Title: Vice President
