SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)*
THE CHALONE WINE GROUP, LTD.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
157639105
(CUSIP Number)
Phyllis S. Hojel
c/o HM International Inc.
5810 East Skelly Drive, Suite 1000
Tulsa, Oklahoma 74135-6403
(918) 664-1914
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
MARCH 25, 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 [_].
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 should 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>
CUSIP No. 157639105
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
GHA 1 Holdings, Inc.
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Source of Funds
OO
- ------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
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Number of (7) Sole Voting Power 1,813,689 Shares
Shares Bene- ____________________________________________________________
ficially (8) Shared Voting Power -0- Shares
Owned by ____________________________________________________________
Each Report-(9) Sole Dispositive Power 1,813,689 Shares
ing Person ____________________________________________________________
With (10) Shared Dispositive Power -0- Shares
- ------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,813,689 Shares
- ------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- ------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 21.5%
- ------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
Page 2 of 7 pages
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CUSIP No. 157639105
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
SFI Intermediate Ltd.
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Source of Funds
OO
- ------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Texas
- ------------------------------------------------------------------------------
Number of (7) Sole Voting Power 1,756,919 Shares
Shares Bene- ____________________________________________________________
ficially (8) Shared Voting Power -0- Shares
Owned by ____________________________________________________________
Each Report-(9) Sole Dispositive Power 1,756,919 Shares
ing Person ____________________________________________________________
With (10) Shared Dispositive Power -0- Shares
- ------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,756,919 Shares
- ------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- ------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 20.9%
- ------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) PN
Page 3 of 7 pages
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CUSIP No. 157639105
- ------------------------------------------------------------------------------
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
Phyllis S. Hojel
- ------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
(3) SEC Use Only
- ------------------------------------------------------------------------------
(4) Source of Funds
OO
- ------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S.A.
- ------------------------------------------------------------------------------
Number of (7) Sole Voting Power 1,813,689 Shares
Shares Bene- ____________________________________________________________
ficially (8) Shared Voting Power -0- Shares
Owned by ____________________________________________________________
Each Report-(9) Sole Dispositive Power 1,813,689 Shares
ing Person ____________________________________________________________
With (10) Shared Dispositive Power -0- Shares
- ------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,813,689 Shares
- ------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
- ------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 21.5%
- ------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
Page 4 of 7 pages
<PAGE>
AMENDMENT NO. 3 TO SCHEDULE 13D
This amends and supplements the Statement on Schedule 13D filed with
the Securities and Exchange Commission on February 13, 1997 by GHA 1 Holdings,
Inc., a Delaware corporation ("GHA"), SFI Intermediate Ltd., a Texas limited
partnership ("SFI"), and Phyllis S. Hojel, as previously amended, with respect
to the common stock, no par value (the "Common Stock"), of The CHALONE Wine
Group, Ltd., a California corporation (the "Company"). Unless otherwise
indicated, each capitalized term used but not defined herein shall have the
meaning assigned to such term in the Original Statement.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Statement is hereby supplemented as follows:
On March 25, 1998, SFI exercised a warrant to acquire 285,714 shares
of Common Stock with an exercise price of $7 per share ($1,999,998 in
aggregate). The funds for the exercise of the warrant were provided by Hook
Investments LLC, a limited partner of SFI Intermediate Ltd.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Statement is hereby supplemented as follows:
The purpose of the exercise of the warrant was that the warrant
would have expired on March 28, 1998 if not exercised. The reporting persons do
not have any present plans or proposals which relate to or would result in any
of the transactions or other matters described in subparagraphs (a) through (j)
of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Statement is hereby supplemented as follows:
(a) As of March 31, 1998, Mrs. Hojel and GHA beneficially own 1,813,689
shares of Common Stock, which includes 416,667 shares issuable upon the exercise
of warrants exercisable at $8 per share and 56,770 shares issuable upon
conversion of $500,000 principal amount of the Company's 5% Convertible
Subordinated Debentures due April 18, 1999 (the "Debentures"). All of such
securities except the Debentures are owned directly by SFI. GHA is general
partner of SFI and Mrs. Hojel is the sole stockholder, director and officer of
GHA. Based on the 7,692,911 shares of Common Stock issued and outstanding as of
January 30, 1998, as reported in the Company's Quarterly Report on Form 10-Q for
the quarter ended December 31, 1997, the shares of Common Stock beneficially
owned by Mrs. Hojel and GHA represent 21.5% of the shares of Common Stock
outstanding, after giving effect to the 285,714 additional shares of Common
Stock issued upon exercise of the warrant described in Item 3 above and the
Page 5 of 7 pages
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additional 416,667 and 56,770 shares issuable upon exercise of the remaining
warrant and the conversion of the Debentures, respectively, and the shares of
Common Stock beneficially owned by SFI represent 20.9% of the shares of Common
Stock outstanding, after giving effect to the 285,714 additional shares of
Common Stock issued upon exercise of the warrant described in Item 3 above and
the 416,667 additional shares issuable upon exercise of the remaining warrant.
(b) SFI has sole voting and dispositive power with respect to all shares
of Common Stock it beneficially owns. By virtue of its status as general partner
of SFI, GHA may also be deemed to have sole voting and dispositive power with
respect to such shares and the additional shares of Common Stock issuable upon
conversion of the Debentures, which it is deemed to beneficially own through its
status as general partner of HC Holding Company Ltd, a Texas limited
partnership, which directly owns the Debentures. By virtue of being sole
stockholder, director and officer of GHA, Mrs. Hojel may also be deemed to have
sole voting and dispositive power with respect to the shares of Common Stock
beneficially owned by GHA.
Page 6 of 7 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Date: April 2, 1998
GHA 1 HOLDINGS, INC.
By: /s/ PHYLLIS S. HOJEL
Phyllis S. Hojel
President and Secretary
SFI INTERMEDIATE LTD.
By: GHA 1 HOLDINGS, INC.
General Partner
By: /s/ PHYLLIS S. HOJEL
Phyllis S. Hojel
President and Secretary
/s/ PHYLLIS S. HOJEL
Phyllis S. Hojel
Page 7 of 7 pages
