<PAGE> 1
OMB APPROVAL
---------------------------
OMB NUMBER: 3235-0145
Expires: August 31, 1999
Estimated average burden
hours per form...... 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
Pancho's Mexican Buffet, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.10 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
698304 10 2
- -------------------------------------------------------------------------------
(CUSIP Number)
September 30, 1998
- -------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed: [ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
* 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
<PAGE> 2
SCHEDULE 13G
CUSIP No. 698304 10 2 Page 2 of 6 Pages
-- --
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- -------------------------------------------------------------------------------
Estate of Jesse Arrambide
75-5456557
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 183,259
BENEFICIALLY ------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING ------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 183,259
------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
183,259
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO - Estate
- --------------------------------------------------------------------------------
<PAGE> 3
Page 3 of 6 Pages
--- ---
Item 1(a) Name of Issuer:
Pancho's Mexican Buffet, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
3500 Noble Avenue
Fort Worth, Texas 76111
Item 2(a) Names of Person Filing:
Estate of Jesse Arrambide
Item 2(b) Address of Principal Business Offices:
3116 Westador Drive
Arlington, Texas 76015
Item 2(c) Citizenship:
Texas
Item 2(d) Title of Class of Securities:
Common Stock, par value $.10 per share
Item 2(e) CUSIP Number:
698304 10 2
<PAGE> 4
Page 4 of 6 Pages
--- ---
Item 3 Status of Persons Filing:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with ss.240.13d- 1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Not applicable.
Item 4 Ownership:
(a) Amount Beneficially Owned: 183,259 shares of Common
Stock, par value $.10 per share.
(b) Percent of Class: 4.2%.
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote:
183,259 shares of Common Stock, par value $.10
per share.
(ii) shared power to vote or to direct the vote: 0.
(iii) sole power to dispose or to direct the
disposition of: 183,259 shares of Common Stock,
par value $.10 per share.
(iv) shared power to dispose or to direct the
disposition of: 0.
Item 5 Ownership of 5% 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].
<PAGE> 5
Page 5 of 6 Pages
--- ---
Item 6 Ownership of More than 5% on Behalf of Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on By The Parent Holding
Company:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
Not applicable.
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
<PAGE> 6
Page 6 of 6 Pages
--- ---
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: 10-14-98 ESTATE OF JESSE ARRAMBIDE
-----------------
By: /s/ JESSE ARRAMBIDE, III
-----------------------------------
Name: Jesse Arrambide, III
Title: Independent Executor of the
Estate of Jesse Arrambide