SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.
Name of Issuer: Ark Restaurants Corp.
Title of Class of Securities: Common Stock
CUSIP Number: 040712101
Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications:
Arthur Zankel
First Manhattan Co.
437 Madison Avenue
New York, NY 10022 212-756-3311
Date and Event which Requires
Filing of this Statement: November 3, 1999
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 this 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).
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 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
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. 04071201
1) Name of Reporting Person; S.S. or I.R.S. Identification No. of above Person:
Arthur Zankel
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
3) SEC Use Only
4) Source of Funds (See Instructions): PF
5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
6) Citizenship or Place of Organization: US
Number of Shares Beneficially Owned by Each Reporting Person with:
7) Sole Voting Power: 178,800
8) Shared Voting Power: 6,000
9) Sole Dispositive Power: 178,800
10) Shared Dispositive Power: 6,000
11) Aggregate Amount Beneficially Owned
by Each Reporting Person: 178,800
12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions): [X]
13) Percent of Class Represented by Amount in Row (11): 5.42%
14) Type of Reporting Person (See Instructions): IN
<PAGE>
CUSIP No. 04071201
Item 1. Security and Issuer
This statement relates to the common stock, $.01 par value, of Ark Restaurants
Corp., 85 Fifth Avenue, New York, NY 10003.
Item 2. Identity and Background
(a) Name (b) Business (c) Principal
Address Occupation
Arthur Zankel 437 Madison Ave. General Partner of
New York, NY 10022 First Manhattan Co.
437 Madison Avenue
New York, NY 10022
(d) During the last five years he has not been convicted in any criminal
proceeding.
(e) During the last five years he has not been a party to a civil proceeding
as a result of which he was or is subject to the federal securities laws.
(f) U.S. Citizen
Item 3. Source and Amount of Funds or Other Consideration
$1,703,341.63 from personal funds, none of which was borrowed.
Item 4. Purpose of Transaction
The securities were acquired solely for investment purposes.
Item 5. Interest in Securities of the Issuer
a) 178,800 shares 5.42%
b) Voting and Dispositive Power With Respect To Securities of the Issuer:
sole voting power: 178,800 shares
sole dispositive power: 178,800 shares
c) Mr. Zankel effected the following purchase transactions during the past
sixty (60) days:
Amt. of Price Where
Trade Date Securities Per Share Transacted
10/6/99 5,400 $9.47 All trades transacted
10/7/99 2,600 $9.26 on the NASDAQ Over
11/3/99 9,100 $9.45 The Counter Market
11/15/99 6,000 $9.51
An account of a client of First Manhattan Co.("FMC") holds 6,000 shares of
ARK Restaurants Corp. as to which FMC may be deemed to share the power to vote.
Although these shares could be deemed to be beneficially owned by Mr. Zankel
by virtue of his position as a general partner of First Manhattan Co.,
Mr. Zankel disclaims beneficial ownership of such shares.
Item 6. Contracts, Arrangements, Understandings, or
Relationships with Respect to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits
None
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.
________________________________
Arthur Zankel
Date: 11/15/99
