SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
Amendment No. 2
OIL-DRI CORPORATION OF AMERICA
------------------------------
(Name of Issuer)
COMMON STOCK
and CLASS B STOCK
(IMMEDIATELY CONVERTIBLE INTO COMMON)
-------------------------------------
(Title of Class of Securities)
677864 10 0
-----------
(CUSIP Number)
MARYON GRAY, 410 N. MICHIGAN AVE., STE. 400, CHICAGO, IL 60611
--------------------------------------------------------------
312-321-1515
------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
JANUARY 25, 1999
----------------
(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 [ ].
Previous filing on Schedule 13G pursuant to Rule 13d-1(c).
Check the following box if a fee is being paid with this statement [ ].
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.
(Continued on following page(s))
<PAGE> 2
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Jaffee Investment Partnership, L.P. 36-4199570
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 1,000,000 Class B Shares
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,000,000 Class B Shares
---------------------------------------------------------------
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000,000 Class B Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). 70.3% of the
Class B Shares and 0% of the Common Shares, together representing
53.7% of the voting power of Issuer's outstanding stock at January
31, 1999.
If beneficially owned Class B Shares were converted to Common
Shares, total ownership would represent 18.5% of the Common Shares
outstanding.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Richard M. Jaffee ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 191,585 Class B Shares
18,000 Common Shares
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 81,324 Class B Shares
REPORTING
PERSON WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
191,585 Class B Shares
18,000 Common Shares
---------------------------------------------------------------
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 Class B Shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
272,909 Class B Shares
18,000 Common Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). 19.2% of the
Class B Shares and .4% of the Common Shares, together representing
14.7% of the voting power of Issuer's outstanding stock at January
31, 1999.
If beneficially owned Class B Shares were converted to Common
Shares, total ownership would represent 6.2% of the Common Shares
outstanding.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Shirley H. Jaffee ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 81,224 Class B Shares
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 100 Class B Shares
REPORTING
PERSON WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
81,224 Class B Shares
---------------------------------------------------------------
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 Class B. Shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
81,324 Class B Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). 5.7% of the
Class B Shares and 0% of the Common Shares, together representing
4.4% of the voting power of Issuer's outstanding stock at January
31, 1999.
If beneficially owned Class B Shares were converted to Common
Shares, total ownership would represent 1.8% of the Common Shares
outstanding.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Susan Jaffee Hardin ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 30,062 Class B Shares
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 37,653 Common Shares
REPORTING
PERSON WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
30,062 Class B Shares
---------------------------------------------------------------
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 Common Shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,062 Class B Shares
37,653 Common Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). 2.1% of the
Class B Shares and 0.9% of the Common Shares, together representing
1.8% of the voting power of Issuer's outstanding stock at January
31, 1999.
If beneficially owned Class B Shares were converted to Common
Shares, total ownership would represent 1.5% of the Common Shares
outstanding.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Karen Jaffee Cofsky ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 28,366 Class B Shares
4,057 Common Shares
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 301 Class B Shares
REPORTING 11,390 Common Shares
PERSON WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
28,366 Class B Shares
4,057 Common Shares
---------------------------------------------------------------
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
301 Class B Shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,667 Class B Shares
15,447 Common Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). 2.0% of the
Class B Shares and .3% of the Common Shares, together representing
1.6% of the voting power of Issuer's outstanding stock at January
31, 1999.
If beneficially owned Class B Shares were converted to Common
Shares, total ownership would represent 1.0% of the Common Shares
outstanding.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Nancy E. Jaffee ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 28,931 Class B Shares
4 Common Shares
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 100 Class B Shares
REPORTING
PERSON WITH
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
28,031 Class B Shares
4 Common Shares
---------------------------------------------------------------
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 Class B Shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,031 Class B Shares
4 Common Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). 2.0% of the
Class B Shares and 0.0% of the Common Shares, together representing
1.6% of the voting power of Issuer's outstanding stock at January
31, 1999.
If beneficially owned Class B Shares were converted to Common
Shares, total ownership would represent 0.7% of the Common Shares
outstanding.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Daniel S. Jaffee ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 60,105 Class B Shares
33,000 Common Shares
---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 102 Class B Shares
REPORTING 4,000 Common Shares
---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
60,105 Class B Shares
33,000 Common Shares
---------------------------------------------------------------
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 Class B Shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,207 Class B Shares
37,000 Common Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11). 4.2% of the
Class B Shares and .8% of the Common Shares, together representing
3.4% of the voting power of Issuer's outstanding stock at January
31, 1999.
If beneficially owned Class B Shares were converted to Common
Shares, total ownership would represent 2.2% of the Common Shares
outstanding.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE> 9
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, par value $.10 per share
(and the Class B Stock, par value $.10 per share immediately convertible into
Common Stock) of Oil-Dri Corporation of America, a Delaware corporation
("Oil-Dri"). Oil-Dri's principal executive offices are located at 410 North
Michigan Avenue, Suite 400, Chicago, Illinois 60611.
ITEM 2. IDENTITY AND BACKGROUND
<TABLE>
<S> <C>
(a) Name: Jaffee Investment Partnership, L.P.
State of Organization: Delaware
Principal Business: Investment
Address of Principal Business:
Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(d) No
(e) No
* * * * *
(a) Richard M. Jaffee
(b) Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(c) Chairman of the Board
Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(d) No
(e) No
(f) United States
* * * * *
(a) Shirley H. Jaffee
(b) Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(c) None
(d) No
(e) No
(f) United States
* * * * *
</TABLE>
<PAGE> 10
<TABLE>
<S> <C>
(a) Susan Jaffee Hardin
(b) Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(c) Product Compliance Manager
Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, IL 60611
(d) No
(e) No
(f) United States
* * * * *
(a) Karen Jaffee Cofsky
(b) Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(c) Human Resources Director
Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(d) No
(e) No
(f) United States
* * * * *
(a) Nancy E. Jaffee
(b) Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(c) None
(d) No
(e) No
(f) United States
* * * * *
(a) Daniel S. Jaffee
(b) Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(c) President and CEO
Oil-Dri Corporation of America
410 North Michigan Avenue
Suite 400
Chicago, Illinois 60611
(d) No
(e) No
(f) United States
</TABLE>
<PAGE> 11
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No purchase of securities of Oil-Dri Corporation of America
("Oil-Dri") was involved in the transaction which necessitated the
filing of this Amendment No. 2 to Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the transaction initially requiring filing of
this Schedule 13D (on January 21, 1998) was to form the Jaffee
Investment Partnership, L.P. The transaction which necessitated this
Amendment to Schedule 13D was the transfer of 225,000 Class B Shares
to the Jaffee Investment Partnership by the Richard M. Jaffee
Revocable Trust and the transfer of 225,000 Class B. Shares to the
Jaffee Investment Partnership by the Shirley H. Jaffee Declaration
Trust. The purpose of these transfers was to make it possible for
Mr. Richard M. Jaffee and Mrs. Shirley H. Jaffee to gift in the
future additional interests in the Jaffee Investment Partnership to
their children and grandchildren.
No person named in Item 2 has any present plans or proposals
which relate to or would result in (i) the acquisition by any person
of securities of Oil-Dri or the disposition of securities of
Oil-Dri, (ii) any extraordinary corporate transaction of Oil-Dri or
its subsidiaries, (iii) a sale or transfer of a material amount of
assets of Oil-Dri or its subsidiaries, (iv) any change in the board
of directors or management of Oil-Dri, (v) any material change in
Oil-Dri's present capitalization, dividend policy, business or
corporate structure, (vi) any change to Oil-Dri's charter or bylaws
or other actions that may impede the acquisition of control of
Oil-Dri by any person, (vii) causing Oil-Dri Common Stock to cease
to be listed on the New York Stock Exchange, or to become eligible
for termination of registration pursuant to Section 12(g)(4) under
the Securities Exchange Act of 1934, or (viii) any action similar to
those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Aggregate Number and Percentage of Class Beneficially owned
The aggregate number and percentage of Class B shares
(outstanding at January 31, 1999) beneficially owned by each person
named in Item 2 and the aggregate number and percentage of Common
Shares (outstanding at January 31, 1999) beneficially owned by each
such person is shown below. In addition the percentage of Common
Shares which would be beneficially owned by each such person, if his
or her Class B shares were converted to Common Shares, is also
shown.
The percentage of total voting power of all shares
beneficially owned by each person is also shown. Note that Class B
shares are entitled to 10 votes per share.
<PAGE> 12
<TABLE>
<CAPTION>
==============================================================================================================
Name # of % of # of % of
Class B Detail of Class B Class Common Detail of Common Common
% of Voting Shares Share Ownership B Shares Share Ownership Shares
Power Shares ------------
% of
Common
Shares if
Class B
Shares
Owned
Converted
to Common
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Jaffee 1,000,000 70.3% 0 0
Investment ------------
Partnership, LP 18.5%
Voting Power
53.7%
- --------------------------------------------------------------------------------------------------------------
Richard M. 272,909 191,585 shares held 19.2% 18,000 In the form of .4%
Jaffee by Richard M. Jaffee employee stock ------------
as Trustee under the options exercisable
Voting Power Richard M. Jaffee within 60 days of 6.2%
14.7% Revocable Trust of the date of this
6/21/74. filing.
100 shares held in
joint tenancy with
spouse.
81,224 shares held
by spouse, Shirley
H. Jaffee, as
trustee under the
Shirley H. Jaffee
Declaration of
Trust of 7/12/93.
Mrs. Jaffee has
voted these shares
consistent with Mr.
Jaffee's voting.
- --------------------------------------------------------------------------------------------------------------
Shirley H. Jaffee 81,324 81,224 shares held 5.7% 0 0%
by Shirley H. ------------
Voting Power Jaffee, as trustee 1.8%
4.4%. under the Shirley H.
Jaffee Declaration
of Trust of 7/12/93.
100 shares held in
joint tenancy with
spouse.
==============================================================================================================
</TABLE>
<PAGE> 13
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
==============================================================================================================
Susan Jaffee 30,062 27,062 shares held 2.1% 37,653 100 shares held in .9%
Hardin directly. joint tenancy with ------------
spouse. 1.5%
Voting Power 3,000 shares held as
1.8% trustee for minor 35,553 shares held
children. by spouse, Richard
M. Hardin.
2,000 shares are in
the form of
employee stock
options exercisable
by spouse, Richard
M. Hardin, within
60 days of the date
of this filing.
Mr. Hardin has voted
his shares
consistent with Ms.
Hardin's voting.
- --------------------------------------------------------------------------------------------------------------
Karen Jaffee 28,667 22,366 shares held 2.0% 15,447 57 shares held .3%
Cofsky directly. directly. ------------
1.0%
Voting Power 6,000 shares held as 4,000 shares are in
1.6% trustee for minor the form of employee
children. stock options
exercisable within
301 shares held in 60 days of the date
joint tenancy with of this filing.
spouse.
390 shares held by
spouse, Thomas F.
Cofsky.
11,000 shares are
in the form of
employee stock
options exercisable
by spouse, Thomas
F. Cofsky, within
60 days of the date
of this filing.
Mr. Cofsky has voted
his shares
consistent with Mrs.
Cofsky's voting.
- --------------------------------------------------------------------------------------------------------------
Nancy E. Jaffee 29,031 22,931 shares held 2.0% 4 Held directly. 0%
directly. ------------
Voting Power
1.6% 6,000 shares held as .7%
trustee for minor
children.
100 shares held in
joint tenancy
with spouse.
==============================================================================================================
</TABLE>
<PAGE> 14
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
==============================================================================================================
Daniel S. Jaffee 60,207 26,866 shares held 4.2% 37,000 33,000 shares are in .8%
directly. the form of employee ------------
Voting Power stock options
3.4% 100 shares held in exercisable within 60 2.2%
joint tenancy with days of the date of
spouse. this filing.
2 shares held by 4,000 shares are in
spouse, Heidi M. the form of employee
Jaffee. stock options
exercisable by
3,000 shares held as spouse, Heidi M.
trustee for minor Jaffee, within 60
children. days of the date of
this filing.
15,126 shares held
as trustee of the Mrs. Jaffee has voted
Shirley H. Jaffee her shares consistent
1993 Annuity Trust with Mr. Jaffee's
dated 5/17/93. voting.
15,113 shares held
as trustee of the
Richard M. Jaffee
1993 Annuity Trust
dated 5/17/93.
==============================================================================================================
</TABLE>
(b) The voting power and power of disposition of each person named
in Item 2 is shown below.
<TABLE>
<CAPTION>
==============================================================================================================
Sole Shared Detail of
Sole Shared Dispos- Disposi- Shared
Voting Voting Detail of Shared Voting tive tive Dispositive
Name Power Power Power Power Power Power
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Jaffee 1,000,000 0 1,000,000 0
Investment Class B Class B
Partnership, Shares Shares
LP
- --------------------------------------------------------------------------------------------------------------
Richard M. 191,585 81,324 81,224 Class B shares 191,585 100 Held in joint
Jaffee Class B Class B held by spouse, Shirley Class B Class B tenancy with
Shares Shares H. Jaffee, as trustee Shares Shares spouse.
under the Shirley H.
Jaffee Declaration of
18,000 Trust of 7/12/93. 18,000
Common Mrs. Jaffee has voted Common
Shares these shares consistent Shares
with Mr. Jaffee's voting.
100 Class B Shares held
in joint tenancy with
spouse.
==============================================================================================================
</TABLE>
<PAGE> 15
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
==============================================================================================================
Shirley H. Jaffee 81,224 100 Held in joint tenancy with 81,224 100 Held in joint
Class B Class B spouse. Class B Class B tenancy with
Shares* Shares Shares Shares spouse.
*Voting of
these
shares has
been
consistent
with Mr.
Richard M.
Jaffee's
voting of
his shares.
- --------------------------------------------------------------------------------------------------------------
Susan Jaffee 30,062 37,653 Common Shares consist 30,062 100 Held in joint
Hardin Class B Common of 100 shares held in Class B Common tenancy with
Shares Shares joint tenancy with spouse Shares Shares spouse.
and 37,553 shares owned by
spouse, Richard M.
Hardin. Mr. Hardin has
voted his shares
consistent with Ms.
Hardin's voting.
- --------------------------------------------------------------------------------------------------------------
Karen Jaffee 28,366 301 Class B Shares held in 28,366 301 Held in joint
Cofsky Class B Class B joint tenancy with Class B Class B tenancy with
Shares Shares spouse. Shares Shares spouse.
Common Shares owned by
4,057 11,390 spouse, Thomas F.
Common Common Cofsky. Mr. Cofsky has 4,057
Shares Shares has voted his shares Common
consistent with Mrs. Shares
Cofsky's voting.
- --------------------------------------------------------------------------------------------------------------
Nancy E. 28,931 100 Held in joint tenancy 28,031 100 Held in joint
Jaffee Class B Class B with spouse. Class B Class B tenancy with
Shares Shares Shares Shares spouse.
4 4
Common Common
Shares Shares
- --------------------------------------------------------------------------------------------------------------
Daniel S. 60,105 102 100 Class B Shares are 60,105 100 Held in joint
Jaffee Class B Class B held in joint tenancy Class B Class B tenancy with
Shares Shares with spouse. Shares Shares spouse.
2 Class B Shares are
33,000 4,000 owned by spouse, Heidi 33,000
Common Common M. Jaffee. Common
Shares Shares Common Shares are owned Shares
by spouse, Heidi M.
Jaffee.
Mrs. Jaffee has voted
her shares consistent
with Mr. Jaffee's
voting.
==============================================================================================================
</TABLE>
<PAGE> 16
(c) Transactions in last 60 days for each person named in Item 2
are shown below.
<TABLE>
<CAPTION>
=====================================================================================
# of
Name Date Securities Nature of Transaction
Involved
- -------------------------------------------------------------------------------------
<S> <C> <C> <C>
Daniel S. Jaffee 1/22/ 801 Class B Transfer of 401 shares from
1999 Shares Richard M. Jaffee Annuity Trust (Daniel
S. Jaffee, Trustee) to Richard M.
Jaffee Revocable Trust; Transfer of 400
shares from Shirley H. Jaffee Annuity
Trust (Daniel S. Jaffee, Trustee) to
Shirley H. Jaffee Declaration Trust.
- -------------------------------------------------------------------------------------
Richard M. Jaffee 1/22/ 401 Class B Receipt by Richard M. Jaffee Revocable
1999 Shares Trust of 401 shares from Richard M.
Jaffee Annuity Trust (Daniel S. Jaffee,
Trustee).
- -------------------------------------------------------------------------------------
Shirley H. Jaffee 1/22/ 400 Class B Receipt by Shirley H. Jaffee
1999 Shares Declaration Trust of 400 shares from
Shirley H. Jaffee Annuity Trust
(Daniel S. Jaffee, Trustee).
- -------------------------------------------------------------------------------------
Jaffee 1/25/ 450,000 Class Receipt of shares from two of the
Investment 1999 B Shares limited partners.
Partnership, LP
- -------------------------------------------------------------------------------------
Richard M. Jaffee 1/25/ 450,000 Class Gift of 225,000 shares to Shirley H.
1999 B Shares Jaffee Declaration Trust; Transfer of
225,000 shares to Jaffee Investment
Partnership.
- -------------------------------------------------------------------------------------
Shirley H. Jaffee 1/25/ 225,000 Class Receipt of gift of 225,000 shares from
1999 B Shares Richard M. Jaffee Revocable Trust;
Transfer of 225,000 shares to Jaffee
Investment Partnership.
=====================================================================================
</TABLE>
(d) No other person has the right to receive or the power to
direct receipt of dividends from, or proceeds from the sale of,
such securities.
(e) Not applicable.
<PAGE> 17
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
The Limited Partnership Agreement ("Agreement") of the Jaffee
Investment Partnership, L.P. provides that, subject to the
limitations of the Agreement, the General Partners manage the
partnership business, with all rights and powers of general partners
as provided in the Delaware Revised Uniform Partnership Act. It
further provides that certain decisions (distributions to Partners,
sale, assignment or mortgage of, grant of security interest in, or
pledge of, a Partnership Interest, borrowing, or lending, or
purchasing of any security) cannot be made and, unless otherwise
specifically provided in the Agreement, other decision and acts
cannot be taken, unless approved by a majority of the Units held by
General Partners; no General Partner holds more than three of the
outstanding ten Units. It grants the power and authority over
day-to-day decisions to Richard M. Jaffee as Managing General
Partner. (Day-to-day decisions include the investment and
reinvestment of Partnership assets in any property, including stock
of any corporation, and execution of any documents deemed by the
Managing General Partner to be necessary for the Partnership to
conduct its business.) (See Exhibit 2 to the initial filing of this
Schedule 13D, incorporated herein by reference.) Based upon
consultation with counsel, the Partnership and its General Partners
concluded that the initial filing of the Schedule 13D incorrectly
characterized the Partnership and its General Partners as a group,
and Amendment No. 1 corrected that characterization. See SOUTHLAND
CORPORATION, SEC No Action Letter (1987).
The Agreement is not clear as to whether Richard M. Jaffee, as
the Managing General Partner, has the power to unilaterally dispose
of or vote Oil-Dri stock held by the Partnership, and as to whether,
if he has such power, it can be overridden by action of the General
Partners by a majority of the Units. Accordingly, based on
consultation with counsel, Mr. Jaffee acknowledges the possibility,
for purposes of Regulation 13D, that he could be deemed to
beneficially own, but disclaims ownership of, the Partnership's
1,000,000 shares of Class B Common Stock (and the 1,000,000 shares
of Common Stock into which such Class B Common Stock is
convertible), which would be in addition to the Class B Common Stock
and Common Stock otherwise shown herein as owned by him.
<PAGE> 18
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 Exhibit Pursuant To Article 13D-1 (k)(1)(iii)
Exhibit 2 Jaffee Investment Partnership, L.P.
Partnership Agreement*
Exhibit 3 First Amendment to the Jaffee Investment
Partnership, L.P. Partnership Agreement
Exhibit 3 Power of Attorney **
* Incorporated by reference to Schedule 13D, dated January 19,
1998, filed January 21, 1998 by the Reporting Persons.
** Incorporated by reference to Amendment No. 1 to Schedule 13D,
dated November 9, 1998, filed November 10, 1998 by the Reporting
Persons.
This Amendment No. 2 to Schedule 13D is filed on behalf of all
of the persons identified on the Cover Page as Reporting Persons and
includes, as Exhibit 1 attached, the agreement of all of those
persons that such statement is filed on behalf of each of them. This
Amendment also amends the Schedule 13D filed solely by Mr. Richard
M. Jaffee, which was last previously amended on November 9, 1998 by
Amendment No. 1 to this Schedule 13D, filed November 10, 1998.
<PAGE> 19
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of each of
the undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: February 19, 1999
JAFFEE INVESTMENT PARTNERSHIP, L.P.
By /s/ RICHARD M. JAFFEE *
-------------------------------------------
Richard M. Jaffee
Managing General Partner
/s/ RICHARD M. JAFFEE *
-------------------------------------------
Richard M. Jaffee
/s/ SHIRLEY H. JAFFEE *
-------------------------------------------
Shirley H. Jaffee
/s/ SUSAN JAFFEE HARDIN *
-------------------------------------------
Susan Jaffee Hardin
/s/ KAREN JAFFEE COFSKY *
-------------------------------------------
Karen Jaffee Cofsky
/s/ NANCY E. JAFFEE *
-------------------------------------------
Nancy E. Jaffee
/s/ DANIEL S. JAFFEE *
-------------------------------------------
Daniel S. Jaffee
* By /s/ MARYON GRAY
-------------------------------------------
Maryon Gray, by Power of Attorney
<PAGE> 20
EXHIBIT 1 PURSUANT TO RULE 13d-1 (k) (iii) TO SCHEDULE 13D
OIL-DRI CORPORATION OF AMERICA
FOR JAFFEE INVESTMENT PARTNERSHIP, L.P. ET AL
The statement on Schedule 13D for Jaffee Investment Partnership, L.P. and each
of the undersigned is filed on behalf of Jaffee Investment Partnership, L.P. and
each of the undersigned.
JAFFEE INVESTMENT PARTNERSHIP, L.P.
By /s/ RICHARD M. JAFFEE *
-------------------------------------------
Richard M. Jaffee
Managing General Partner
/s/ RICHARD M. JAFFEE *
-------------------------------------------
Richard M. Jaffee
/s/ SHIRLEY H. JAFFEE *
-------------------------------------------
Shirley H. Jaffee
/s/ SUSAN JAFFEE HARDIN *
-------------------------------------------
Susan Jaffee Hardin
/s/ KAREN JAFFEE COFSKY *
-------------------------------------------
Karen Jaffee Cofsky
/s/ NANCY E. JAFFEE *
-------------------------------------------
Nancy E. Jaffee
/s/ DANIEL S. JAFFEE *
-------------------------------------------
Daniel S. Jaffee
* By /s/ MARYON GRAY
-------------------------------------------
Maryon Gray, by Power of Attorney
<PAGE> 21
EXHIBIT 3
FIRST AMENDMENT
TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
This First Amendment to the JAFFEE INVESTMENT PARTNERSHIP, L.P. Partnership
Agreement (the "AMENDMENT") is made as of January 11, 1999, in Chicago, Illinois
by and among Richard M. Jaffee ("RICHARD"), Shirley H. Jaffee ("SHIRLEY"), Susan
Jaffee Hardin ("SUSAN"), Karen Jaffee Cofsky ("KAREN"), Nancy E. Jaffee
("NANCY"), and Daniel S. Jaffee ("DANIEL") as general partners, and Richard M.
Jaffee as trustee of the Richard M. Jaffee Revocable Trust u/t/a dated 6/21/74
("RICHARD'S TRUST"), Shirley H. Jaffee as trustee of the Shirley Jaffee
Declaration of Trust dated 7/12/93 ("SHIRLEY'S TRUST"), Susan, Karen, Nancy,
Daniel, Susan Jaffee Hardin as trustee of the Kevin Nathan Hardin Minority Trust
dated 12/6/91, Susan Jaffee Hardin as trustee of the Camille Rose Hardin Hardin
Minority Trust dated 7/12/93, Karen Jaffee Cofsky as trustee of the Jennifer
Helen Cofsky Minority Trust dated 12/6/91, Karen Jaffee Cofsky as trustee of the
James Andrew Cofsky Minority Trust dated 9/15/92, Karen Jaffee Cofsky as trustee
of the Jeffrey Daniel Cofsky Minority Trust dated 12/22/94, Karen Jaffee Cofsky
as trustee of the Joseph Michael Cofsky Minority Trust dated 12/12/96, Nancy E.
Jaffee as trustee of the Michael Jaffee Patterson Minority Trust dated 12/6/91,
Nancy E. Jaffee as trustee of the Nicole Jaffee Patterson Minority Trust dated
7/12/93, Nancy E. Jaffee as trustee of the Rebecca Jaffee Patterson Minority
Trust dated 7/12/93, Nancy E. Jaffee as trustee of the Taylor Jaffee Patterson
Minority Trust dated 4/23/95, Daniel S. Jaffee as trustee of the Claire Miller
Jaffee Minority Trust dated 8/7/96, Daniel S. Jaffee as trustee of the Elise
Miller Jaffee Minority Trust dated 8/7/96 as limited partners. Richard, Shirley,
Susan, Karen, Nancy, Daniel and such other persons as may be admitted to the
Partnership from time to time as general partners are sometimes collectively
referred to as the "GENERAL PARTNERS" and individually referred to as a "GENERAL
PARTNER." Richard's Trust, Shirley's Trust, Susan, Karen, Nancy, Daniel and such
other persons as may be admitted to the Partnership from time to time as limited
partners are sometimes collectively referred to as the "LIMITED PARTNERS" and
individually referred to as a "LIMITED PARTNER." The General Partners and the
Limited Partners are sometimes collectively referred to as the "PARTNERS" and
individually referred to as a "PARTNER."
RECITALS
A. The Partners formed JAFFEE INVESTMENT PARTNERSHIP, L.P. (the
"PARTNERSHIP") on December 22, 1997, pursuant to the filing of
Certificate of Limited Partnership with the Delaware Secretary of
State.
<PAGE> 22
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
B. The Partners entered into a Partnership Agreement (the "PARTNERSHIP
AGREEMENT") as of December 23, 1997, to reflect their respective
desires as to their relative rights and interests in the
Partnership.
C. Section 6.a. of the Partnership Agreement stated, among other things
that the interests in the Partnership were divided into 1000 Units.
D. The Partnership Agreement showed that all 1000 Units originally
authorized by the Partnership Agreement were issued to the various
Partners.
E. Exhibit A to the Partnership Agreement showed the original
contributions of the Partners to the Partnership.
F. Certain Partners now wish to make additional capital contributions
to the Partnership, and the Partners now wish to amend and restate
Section 6.a., Section 6.c. and Exhibit A to the Partnership
Agreement to reflect the Units held by each Partner after giving
effect to such contributions.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises, terms and
conditions contained herein, the receipt and sufficiency of which are hereby
acknowledged, the Partners hereby agree as follows:
1. AMENDMENT
1.1. AMENDMENT OF SECTION 6.A.
Section 6.A. Of the partnership agreement is hereby amended and
restated as follows:
a. The Partnership is divided into 1818.18 units, each such unit (a
"Unit") representing 1/1818.18 of the total Partnership interests
(the "PARTNERSHIP INTERESTS") in the Partnership.
1.2. AMENDMENT OF SECTION 6.C.
Section 6.c. of the Partnership Agreement is hereby amended and restated
as follows:
c. Each Partner shall be deemed to hold and own the number of Units
listed opposite the Partner's respective name and signature to this
Amendment (the phrase "as joint tenants" following any names shall
2
<PAGE> 23
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
mean that such Partners hold their interest herein as joint tenants
with the right of survivorship and not as tenants in common).
1.3. Amendment of Exhibit A.
Exhibit A of the Partnership Agreement, setting forth the contributions of
the Partners, is hereby amended and restated so that Exhibit A to this Amendment
is and shall be Exhibit A of the Partnership Agreement, as amended.
1.4. Effective Date of Amendment.
This Amendment shall be effective as of January 11, 1999.
1.5. Capitalized Terms.
Any capitalized terms not defined herein shall have the meaning given to
such terms in the Partnership Agreement.
2. GENERAL PROVISIONS
2.1. INCORPORATION BY REFERENCE. Any exhibits or schedules referred to
herein are those attached to this Amendment and shall be deemed to be
incorporated as a part of this Amendment.
2.2. REMAINING TERMS UNCHANGED. Except as expressly modified by this
Amendment, the terms of the Partnership Agreement remain unchanged and as fully
in force and in effect as if this Amendment were not adopted.
3
<PAGE> 24
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
2.3. COUNTERPARTS. This Amendment may be executed in any number of
counterparts, each of which shall be deemed to be an original and all of which
shall constitute one and the same agreement.
IN WITNESS WHEREOF, this Amendment is executed as of the date first stated
above.
<TABLE>
<CAPTION>
GENERAL PARTNERS
(each Unit is 1/1818.18)
NAME AND ADDRESS UNITS OWNED
- ---------------- ------------------------
<S> <C>
/s/ Richard M. Jaffee 8
- ------------------------------
Richard M. Jaffee
1418 N. Lake Shore Drive
Chicago, Illinois 60610
/s/ Shirley H. Jaffee 8
- ------------------------------
Shirley H. Jaffee
1418 N. Lake Shore Drive
Chicago, Illinois 60610
/s/ Susan Jaffee Hardin 1
- ------------------------------
Susan Jaffee Hardin
615 Keystone
River Forest, Illinois 60305
/s/ Karen Jaffee Cofsky 1
- ------------------------------
Karen Jaffee Cofsky
1127 North Kenilworth Parkway
Oak Park, Illinois 60302
</TABLE>
4
<PAGE> 25
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
<TABLE>
<S> <C>
/s/ Nancy E. Jaffee 1
- ------------------------------
Nancy E. Jaffee
511 Cedar Street
Winnetka, Illinois 60093
/s/ Daniel S. Jaffee 1
- ------------------------------
Daniel S. Jaffee
635 Milburn
Evanston, Illinois 60201
</TABLE>
<TABLE>
<CAPTION>
LIMITED PARTNERS
(each Unit is 1/1818.18)
NAME AND ADDRESS UNITS OWNED
- ---------------- ------------------------
<S> <C>
/s/ Richard M. Jaffee 804.89
- ------------------------------
Richard M. Jaffee, Trustee u/t/a dated 6/21/74
Richard M. Jaffee Revocable Trust
1418 N. Lake Shore Drive
Chicago, Illinois 60610
/s/ Shirley H. Jaffee 804.89
- ------------------------------
Shirley H. Jaffee, Trustee of the
Shirley Jaffee Declaration of Trust dated 7/12/93
1418 N. Lake Shore Drive
Chicago, Illinois 60610
/s/ Susan Jaffee Hardin 28.05
- ------------------------------
Susan Jaffee Hardin
615 Keystone
River Forest, Illinois 60305
</TABLE>
5
<PAGE> 26
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
<TABLE>
<S> <C>
/s/ Karen Jaffee Cofsky 28.05
- ------------------------------
Karen Jaffee Cofsky
1127 North Kenilworth Parkway
Oak Park, Illinois 60302
/s/ Nancy E. Jaffee 28.05
- ------------------------------
Nancy E. Jaffee
511 Cedar Street
Winnetka, Illinois 60093
/s/ Daniel S. Jaffee 28.05
- ------------------------------
Daniel S. Jaffee
635 Milburn
Evanston, Illinois 60201
/s/ Susan Jaffee Hardin 6.35
- ------------------------------
Susan Jaffee Hardin as trustee of the
Kevin Nathan Hardin Minority Trust
dated 12/6/91
/s/ Susan Jaffee Hardin 6.35
- ------------------------------
Susan Jaffee Hardin as trustee of the
Camille Rose Hardin Minority Trust
dated 7/12/93
/s/ Karen Jaffee Cofsky 6.35
- ------------------------------
Karen Jaffee Cofsky as trustee of the
Jennifer Helen Cofsky Minority Trust
dated 12/6/91
</TABLE>
6
<PAGE> 27
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
<TABLE>
<S> <C>
Karen Jaffee Cofsky 6.35
- ------------------------------
Karen Jaffee Cofsky as trustee of the
James Andrew Cofsky Minority Trust
dated 9/15/92
/s/ Karen Jaffee Cofsky 6.35
- ------------------------------
Karen Jaffee Cofsky as trustee of the
Jeffrey Daniel Cofsky Minority Trust
dated 12/22/94
Karen Jaffee Cofsky 6.35
- ------------------------------
Karen Jaffee Cofsky as trustee of the
Joseph Michael Cofsky Minority Trust
dated 12/12/96
/s/ Nancy E. Jaffee 6.35
- ------------------------------
Nancy E. Jaffee as trustee of the
Michael Jaffee Patterson Minority Trust
dated 12/6/91
/s/ Nancy E. Jaffee 6.35
- ------------------------------
Nancy E. Jaffee as trustee of the
Nicole Jaffee Patterson Minority Trust
dated 7/12/93
/s/ Nancy E. Jaffee 6.35
- ------------------------------
Nancy E. Jaffee as trustee of the
Rebecca Jaffee Patterson Minority Trust
dated 7/12/93
/s/ Nancy E. Jaffee 6.35
- ------------------------------
Nancy E. Jaffee as trustee of the
Taylor Jaffee Patterson Minority Trust
dated 12/6/91
</TABLE>
7
<PAGE> 28
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
<TABLE>
<S> <C>
/s/ Daniel S. Jaffee 6.35
- ------------------------------
Daniel S. Jaffee as trustee of the
Claire Miller Jaffee Minority Trust
dated 8/7/96
Daniel S. Jaffee 6.35
- ------------------------------
Daniel S. Jaffee as trustee of the
Elise Miller Jaffee Minority Trust
dated 8/7/96
</TABLE>
8
<PAGE> 29
FIRST AMENDMENT TO THE
JAFFEE INVESTMENT PARTNERSHIP, L.P.
PARTNERSHIP AGREEMENT
EXHIBIT A
DESCRIPTION OF PROPERTY CONTRIBUTED
<TABLE>
<CAPTION>
Number of Shares of Class B stock of
OIL-DRI CORPORATION OF AMERICA, INC.
------------------------------------
<S> <C>
GENERAL PARTNERS:
Richard M. Jaffee 1,650
Shirley H. Jaffee 1,650
Susan Jaffee Hardin 550
Karen Jaffee Cofsky 550
Nancy E. Jaffee 550
Daniel S. Jaffee 550
LIMITED PARTNERS:
Richard M. Jaffee, Trustee u/t/a dated 6/21/74
Richard M. Jaffee Revocable Trust 473,350
Shirley H. Jaffee, Trustee of the Shirley
Jaffee Declaration of Trust dated 7/12/93 473,350
Susan Jaffee Hardin 11,950
Karen Jaffee Cofsky 11,950
Nancy E. Jaffee 11,950
Daniel S. Jaffee 11,950
---------
Total 1,000,000
</TABLE>
9
