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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN
STATEMENTS FILED PURSUANT TO
RULES 13d-1(b) (c) AND (d) AND
AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. ___)(1)
Panchos Mexican Buffet, Inc.
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(Name of Issuer)
Common Stock, par value $.10 Per Share
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(Title of Class of Securities)
698304 20 1
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(CUSIP Number)
December 30, 1999
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(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)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
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(1) 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 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).
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CUSIP No. 698304 20 1 13G Page 2 of 5 Pages
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen Oyster
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
5. SOLE VOTING POWER
NUMBER OF 13,998
SHARES 6. SHARED VOTING POWER
BENEFICIALLY 106,094
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING PERSON 13,998
WITH 8. SHARED DISPOSITIVE POWER
106,094
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
120,092
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
12. TYPE OF REPORTING PERSON*
IN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 698304 20 1 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
Panchos Mexican Buffet, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
3500 Noble Avenue
Fort Worth, Texas 76111-0407
Item 2(a). Name of Person Filing:
See Item 1 on cover page
Item 2(b). Address of Principal Business Office or, if None, Residence:
3825 Lake Austin Boulevard, #401
Austin, Texas 78703
Item 2(c). Citizenship:
See Item 4 on cover page
Item 2(d). Title of Class of Securities:
Common Stock, $.10 par value per share
Item 2(e). CUSIP Number:
See cover page
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
(a) / / Broker or dealer registered under Section 15 of the
Exchange Act.
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
(d) / / Investment company registered under Section 8 of the
Investment Company Act.
(e) / / An investment adviser in accordance with Rule 13d-1(b)
(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) / / A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of
Investment Company Act;
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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CUSIP No. 698304 20 1 13G Page 4 of 5 Pages
Item 4. Ownership.
Provide the following information regarding the
aggregate number and percentage of the class of securities
of the issuer identified in Item 1.
(a) Amount beneficially owned:
See Item 9 on cover page.
(b) Percent of class:
See Item 11 on cover page
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 on cover page
(ii) Shared power to vote or to direct the vote:
See Item 6 on cover page
(iii) Sole power to dispose or to direct the
disposition of: See Item 7 on cover page
(iv) Shared power to dispose or to direct the
disposition of: See Item 8 on cover page
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent 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
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CUSIP No. 698304 20 1 13G Page 5 of 5 Pages
Item 10. Certifications.
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 issues
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.
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.
January 26, 2000
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(Date)
/s/ Stephen Oyster
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(Signature)
Stephen Oyster
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(Name/Title)
