FAMILY STEAK HOUSES OF FLORIDA INC
SC 13D/A, 1998-01-07
EATING PLACES
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<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                     ------------------------------------

                        SCHEDULE 13D (AMENDMENT NO. 7)
                   Under the Securities Exchange Act of 1934

                     Family Steak Houses of Florida, Inc..
                     ------------------------------------
                               (Name of Issuer)
 
                    Common Stock, Par Value $.01 Per Share
                     ------------------------------------
                        (Title of Class of Securities)

                              CUSIP Number:  307059105
 
                              Glen F. Ceiley
                              Bisco Industries, Inc.
                              704 W. Southern Ave.
                              Orange, CA  92865
                              (714) 283-7140

                     ------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                               December 29, 1997
                     ------------------------------------
            (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 subject of this Schedule 13D,
            and is filing this statement because of Rule 13d-1(b)(3) or (4),
            check the following box: ( )





                               Page 1 of 11 Pages

<PAGE>
 
                                 SCHEDULE 13D

CUSIP No. 307059105

      1. Name of Reporting Person
 
         Mr. Glen F. Ceiley

      2. Check the Appropriate Box if a Member of a group (a) (X)
                                                          (b) ( )
      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

         U.S.A.

Number of      7. Sole Voting Power
Shares
Beneficially      108,470 shares of Common Stock
Owned By
Each           8. Shared Voting Power
Reporting
Person            1,395,651 shares of Common Stock (See Item 5)
With
               9. Sole Dispositive Power

                  108,470 shares of Common Stock

              10. Shared Dispositive Power

                  1,395,651 shares of Common Stock (See Item 5)

11. Aggregate Amount Beneficially Owned by Each Reporting Person

    1,504,121 shares of Common Stock (See Item 5)

12. Check Box if the Aggregate Amount in Row (11) Excludes
    Certain Shares                         ( )

13. Percent of Class Represented by Amount in Row (11)

    13.6%

14. Type of Reporting Person

    IN
                               Page 2 of 11 Pages
<PAGE>
 
                                  SCHEDULE 13D

CUSIP No. 307059105

     1. Name of Reporting Person
 
        Bisco Industries, Inc.

     2. Check the Appropriate Box if a Member of a Group  (a) (X)
                                                          (b) ( )
     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

        Illinois

Number of      7. Sole Voting Power
Shares
Beneficially      875,661 shares of Common Stock (See Item 5)
Owned By
Each
Reporting      8. Shared Voting Power
Person
With              0

               9. Sole Dispositive Power
 
                  875,661 shares of Common Stock (See Item 5)
 

              10. Shared Dispositive Power

                  0

11. Aggregate Amount Beneficially Owned by Each Reporting Person

    875,661 shares of Common Stock (See Item 5)

12. Check Box if the Aggregate Amount in Row (11) Excludes
    Certain Shares         ( )

13. Percent of Class Represented by Amount in Row (11)

    7.9%

14. Type of Reporting Person
    CO
                               Page 3 of 11 Pages
<PAGE>
 
                                  SCHEDULE 13D

CUSIP No. 307059105

     1. Name of Reporting Person

        Bisco Industries, Inc. Profit Sharing and Savings Plan
 
     2. Check the Appropriate Box if a Member of a Group  (a) (X)
                                                          (b) ( )

     3. SEC Use Only

     4. Source of Funds

        00
     5. Check Box 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
Shares
Beneficially       519,990 shares of Common Stock (See Item 5)
Owned By
Each
Reporting       8. Shared Voting Power
Person
With               0

                9. Sole Dispositive Power

                   519,990 shares of Common Stock (See Item 5)

               10. Shared Dispositive Power

                    0

11. Aggregate Amount Beneficially Owned by Each Reporting Person

    519,990 shares of Common Stock (See Item 5).

12. Check Box if the Aggregate Amount in Row (11) Excludes
    Certain Shares   ( )

13. Percent of Class Represented by Amount in Row (11)
    4.7%

14. Type of Reporting Person
    EP
                               Page 4 of 11 Pages
<PAGE>
 
Item 1.  Security and Issuer
         -------------------

         This Amendment No. 7 to Schedule 13D constitutes an amendment to the 
Schedule 13D filed with the Securities and Exchange Commission on December 26, 
1996 by Glen F. Ceiley ("Ceiley"), Bisco Industries, Inc. ("Bisco") and the
Bisco Industries, Inc. Profit Sharing Plan (the "Plan") (collectively, the
"Reporting Persons"), with respect to shares of common stock, $.01 par value per
share (the "Shares"), of Family Steak Houses of Florida, Inc., a Florida
corporation (the "Issuer") (the Schedule 13D, as previously amended, is referred
to herein as the "Schedule"). Except as set forth herein, there has been no 
material change in the information set forth in the Schedule.


Item 3.  Source and Amount of Funds or Other Consideration
         -------------------------------------------------
         Item 3 of the Schedule is amended as follows:
 
         Mr. Ceiley purchased directly 108,470 Shares for a total consideration
of $72,792.36 from his personal funds. Bisco purchased 875,661 shares for a
total consideration of $650,098.04. Bisco paid for such Shares from its working
capital, including funds made available in the ordinary course of business under
its working capital credit facility. The Plan purchased 519,990 shares for a
total consideration of $295,762.02 using funds held in the Plan for investment
purposes.

                               Page 5 of 11 Pages
<PAGE>
 
Item 4.  Purpose of Transaction
         ----------------------

         Not Applicable



                               Page 6 of 11 Pages
<PAGE>
 
Item 5.  Interest in Securities of the Issuer
         ------------------------------------
         Item 5 of the Schedule is amended as follows:
 
         (a) As of the close of business on December 31, 1997, the Reporting
Persons owned in the aggregate, 1,504,121 Shares, which represent approximately
13.6% of the 11,081,000 Shares outstanding as of November 7, 1997 as reported in
the Issuer's Quarterly Report on Form 10-Q for the quarter ended October 1,
1997. In accordance with Rule 13d-5(b)(1) of the General Rules and regulations
under the Securities Exchange Act of 1934, as amended, each of Mr. Ceiley,
individually and as Trustee of the Plan, the Plan and Bisco may be deemed to
have acted as a group and such group may be deemed to have acquired beneficial
ownership of Shares beneficially owned by any of such persons.

         As of the close of business on December 31, 1997, Mr. Ceiley
beneficially owned an aggregate of 1,504,121 Shares, of which 108,470 Shares
were owned by Mr. Ceiley individually, 875,661 Shares were owned by Bisco, of
which Mr. Ceiley is the sole stockholder and President, and 519,990 Shares were
held by Mr. Ceiley as sole Trustee of the Plan.

         (b) Mr. Ceiley has the sole power to vote and dispose of the Shares
which he owns individually and the power to vote and to dispose of the Shares
owned by the Plan and Bisco.

         (c) Since December 11, 1997, the last day on which a transaction in the
Shares by the Reporting Persons was reported on the Schedule 13D, The reporting
persons purchased and sold Shares in the manner, in the amounts, on the dates
and at the prices set forth on Schedule 1 attached hereto and incorporated
herein by reference.

         (d) Not applicable

         (e) Not applicable


Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect 
         ---------------------------------------------------------------------
         to Securities of the Issuer.
         ---------------------------

         Not Applicable


Item 7.  Material to be Filed as Exhibits
         --------------------------------

         Not Applicable



                               Page 7 of 11 Pages
<PAGE>
 
                                   SIGNATURE
                                   ---------
                                        

     After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.


Dated:  January 7, 1998



                           Glen F. Ceiley
                    --------------------------
                    Name:  Glen F. Ceiley



                               Page 8 of 11 pages
<PAGE>
 
                                   SIGNATURE
                                   ---------
                                        

     After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.


Dated:  January 7, 1998



                         Bisco Industries, Inc.


                                Glen F. Ceiley
                          ---------------------------------
                          Name: Glen F. Ceiley
                          Title: President

                               Page 9 of 11 pages
<PAGE>
 
                                   SIGNATURE
                                   ---------
                                        

     After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.


Dated:  January 7, 1998


                    Bisco Industries, Inc.
                    Profit Sharing And Savings Plan


                           Glen F. Ceiley
                    _______________________________
                    Name:  Glen  F. Ceiley
                    Title: Trustee



                              Page 10 of 11 Pages
<PAGE>
 
                                   SCHEDULE 1


The Reporting Persons have engaged in the following transactions in Shares since
December 11, 1997, the last day on which a transaction in the Shares by the
Reporting Persons was reported on the Schedule 13D.
<TABLE>
<CAPTION>
 
Transaction                   Number of       Price       
   Date                         Shares      Per Share*    Purchaser
- -----------                   -----------   -----------  -----------
<S>                           <C>           <C>          <C>
 
12-12-97                         3,000        $.671875    Bisco
12-16-97                         1,000         .65625     Bisco
12-16-97                         7,720         .6875      Bisco
12-17-97                         2,000         .65625     Bisco
12-17-97                         3,725         .6875      Bisco
12-18-97                         8,300         .65625     Bisco
12-18-97                        25,000         .671875    Bisco
12-19-97                        11,700         .65625     Bisco 
12-19-97                         9,000         .625       Bisco
12-19-97                         1,000         .640625    Bisco
12-19-97                         1,800         .640625    Plan
12-22-97                        25,000         .640625    Bisco 
12-22-97                         1,500         .625       Bisco 
12-23-97                           903         .625       Bisco
12-24-97                         1,500         .640625    Bisco
12-24-97                         1,310         .625       Bisco
12-29-97                        12,950         .640625    Bisco
12-30-97                         2,540         .625       Bisco
12-30-97                         6,700         .640625    Bisco
12-30-97                        12,385         .625       Bisco
12-31-97                         6,100         .625       Bisco
</TABLE>


* Excluding commissions



                              Page 11 of 11 pages


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