SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
AMENDMENT NO. 1
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ARK RESTAURANTS CORP.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
040712-10-1
(CUSIP Number)
Howard P. Berkowitz (212) 664-0990
HPB Associates, L.P. 888 Seventh Avenue
New York, New York 10106-8025
(Name, address and telephone number of person
authorized to receive notices and communications)
December 31, 1996
(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 the
statement [ ]. (A fee is not required only if the reporting
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.)
<PAGE>
CUSIP No. 040712-10-1
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. HPB Associates, L.P.
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(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 Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER - 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER 150,000
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER - 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER 150,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 150,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 3.9%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 040712-10-1
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. HPB Group, L.L.C.
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(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 Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER - 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER 150,000 (all shares are owned
for the account of HPB
Associates, L.P.
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER - 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER 150,000 (all shares are owned
for the account of HPB
Associates, L.P.)
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 150,000 (all shares are owned
for the account of HPB
Associates, L.P.)
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 3.9%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON OO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 040712-10-1
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. Howard P. Berkowitz
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(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 United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER - 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER 150,000 (all shares are owned
for the account of HPB
Associates, L.P.
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER - 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER 150,000 (all shares are owned
for the account of HPB
Associates, L.P.)
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 150,000 (all shares are owned
for the account of HPB
Associates, L.P.)
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 3.9%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 040712-10-1
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. Clifford Greenberg
OF ABOVE PERSON
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS PF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER 67,300
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER -0-
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER 67,300
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER -0-
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 67,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 1.8%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Schedule 13D, initially filed on August 1, 1996, on behalf of
HPB Associates, L.P., a Delaware partnership (the "Partnership"), HPB Group,
L.L.C., a Delaware limited liability company ("HPB Group"), Mr. Howard P.
Berkowitz and Mr. Clifford Greenberg, relating to the Common Stock, par value
$.01 per share (the "Common Stock"), of Ark Restaurants Corp., a New York
corporation, whose principal executive office is located at 65 Fifth Avenue,
New York, New York 10003 (the "Company") is hereby amended by this Amendment
No. 1 to the Schedule 13D as follows:
ITEM 2. IDENTITY AND BACKGROUND
Item 2 is hereby supplemented by the addition of the following:
As of December 31, 1996, Mr. Greenberg ceased to be a managing
member of HPB Group.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby supplemented by the addition of the following:
(a) The approximate aggregate percentage of shares of Common
Stock beneficially owned by each person herein is based on the number of
outstanding shares of Common Stock as of December 19, 1996, as reflected in
the Form 10-K of the Company filed with the Securities and Exchange Commission
for the period ending September 28, 1996, equal to 3,814,999.
As of the date of this filing:
(i) The Partnership is the beneficial owner of 150,000
shares of Common Stock (constituting approximately 3.93% of the shares of
Common Stock outstanding).
(ii) HPB Group owns directly no shares of Common Stock. By
reason of provisions of Rule 13d-3 of the Act, HPB Group, as sole managing
partner of the Partnership, may be deemed the beneficial owner of 150,000
shares of Common Stock held by the Partnership (constituting approximately
3.93% of the shares of Common Stock outstanding).
(iii) Mr. Berkowitz owns directly no shares of Common Stock.
By reason of provisions of Rule 13d-3 of the Act, Mr. Berkowitz, as Senior
Managing Member of HPB Group, may be deemed the beneficial owner of 150,000
shares of Common Stock held by the Partnership (constituting approximately
3.93% of the shares of Common Stock outstanding).
(iv) Mr. Greenberg owns beneficially 67,300 shares of
Common Stock (constituting approximately 1.76% of the shares of Common Stock
outstanding).
(B) Mr. Greenberg has the sole power to vote and dispose of
67,300 shares of the Common Stock owned by him.
(c) No transactions in the shares of Common Stock of the Company
were effected by the Partnership, HPB Group or Mr. Berkowitz during the past
<PAGE>
sixty days. By December 31, 1996, Mr. Greenberg had purchased an additional
30,000 shares of the Common Stock of the Company, representing less than one
percent of the shares of Common Stock outstanding.
(d) Not applicable.
(e) As a result of Mr. Greenberg ceasing to serve as a Managing
Member of HPB Group as of December 31, 1996, the Partnership, HPB Group, Mr.
Berkowitz and Mr. Greenberg ceased to be the beneficial owners of more than
five percent of the Common Stock.
<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.
Dated: January 9, 1997
HPB ASSOCIATES, L.P.
By: HPB GROUP, L.L.C.
its general partner
By: /s/ Howard P. Berkowitz
Howard P. Berkowitz
Senior Managing Partner
HPB GROUP, L.L.C.
By: /s/ Howard P. Berkowitz
Howard P. Berkowitz
Senior Managing Partner
/s/ Howard P. Berkowitz
Howard P. Berkowitz
/s/ Clifford Greenberg
Clifford Greenberg
