SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 20)*
AEP Industries, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
001031103
(CUSIP Number)
Arthur Goetchius
EGS Partners, L.L.C., 300 Park Ave., 21st Fl., New York, NY 10022 212-755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
September 5, 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 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.)
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 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 purposes 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 1 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
_____________________________________________________________________________
(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
174,375
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
174,375
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
174,375
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.42%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 2 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
OO
_____________________________________________________________________________
(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
328,352
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
331,352
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
331,352
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.60%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 3 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev Partners, L.P.
_____________________________________________________________________________
(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
86,888
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
86,888
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
86,888
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.21%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 4 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Partners, L.P.
_____________________________________________________________________________
(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
7,883
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
7,883
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,883
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.11%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 5 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF PF OO
_____________________________________________________________________________
(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
47,056
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
579,498
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
47,056
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
640,420
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
687,476
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.54%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 6 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF PF OO
_____________________________________________________________________________
(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
5,902
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
597,498
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
5,902
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
601,298
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
607,200
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.42%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 7 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF PF OO
_____________________________________________________________________________
(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
4,802
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
597,498
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
4,802
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
600,498
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
605,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.40%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 8 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
_____________________________________________________________________________
(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
597,498
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
600,498
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
600,498
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.33%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 9 OF 17 PAGES>
<PAGE>
13D
CUSIP No. 001031103
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
_________________________________________________________________________
(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
1,000
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
597,498
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
1,000
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
600,498
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
601,498
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.34%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE 10 OF 17 PAGES>
<PAGE>
The Schedule 13D, initially filed on March 30, 1990, as amended, of (i)
EGS Associates, L.P., a Delaware limited partnership ("EGS Associates"), (ii)
EGS Partners, L.L.C., a Delaware limited liability company ("EGS Partners"),
(iii) Bev Partners, L.P., a Delaware limited partnership ("Bev Partners"),
(iv) Jonas Partners, L.P., a Delaware limited partnership ("Jonas Partners"),
(v) William Ehrman, (vi) Frederic Greenberg, (vii) Frederick Ketcher, (viii)
Jonas Gerstl, (ix) James McLaren, relating to the common stock, $0.01 par
value per share (the "Common Stock") issued by AEP Industries, Inc. (the
"Company"), is hereby amended by this Amendment No. 20 to the Schedule 13D as
follows:
Item 3 is hereby amended and restated in its entirety as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The net investment cost (including commissions, if any) of the shares of
Common Stock beneficially owned by EGS Associates, EGS Partners (exclusive of
shares beneficially owned by EGS Overseas), EGS Overseas, BEV Partners and
Jonas Partners is approximately $2,761,433, $8,035,500, $10,732, $662,902 and
$59,844, respectively.
The net investment cost (excluding commissions, if any) of the shares of
Common Stock owned directly by Mr. Greenberg, and by members of his immediate
family, is approximately $59,112.
The net investment cost (excluding commissions, if any) of the shares of
Common Stock owned directly by Mr. Ehrman and his immediate family (including
his brother and his brother's wife), is approximately $1,959,556.
The net investment cost (excluding commissions, if any) of the shares of
Common Stock owned directly by Mr. Ketcher, is approximately $44,130.
The net investment cost (excluding commissions, if any) of the shares of
Common Stock owned directly by Mr. McLaren, is approximately $37,500.
The shares of Common Stock purchased by EGS Associates and Bev Partners
were purchased with their investment capital (see Item 5(v)), and the shares
of Common Stock purchased by EGS Partners were purchased with investment
capital of the respective discretionary accounts under management of EGS
Partners (the "Managed Accounts"). The shares of Common Stock purchased by
Mr. Ehrman were purchased with personal funds, trust funds, or the funds of
members of his immediate family.
The shares of Common Stock beneficially owned by EGS Associates, EGS
Partners (excluding EGS Overseas), EGS Overseas, Bev Partners and Jonas
Partners are held in their respective commingled margin accounts, or in the
case of EGS Partners, in margin and non-margin accounts held by each
discretionary account under its management. Such margin accounts are
maintained at Montgomery Securities, and may from time to time have debit
balances. Non-margin accounts are maintained at Bankers Trust Company.
Since other securities are held in such margin accounts, it is not possible to
determine the amounts, if any, of margin used with respect to the shares of
Common Stock purchased. The shares owned by Mr. Greenberg are held in his IRA
account and in margin accounts maintained at Goldman, Sachs & Co., or are
beneficially owned by members of his immediate family. The shares owned by
Mr. McLaren are held in an account maintained at Goldman, Sachs & Co. The
shares owned by Mr. Ketcher are held in his various accounts maintained at
<PAGE 11 OF 17 PAGES>
<PAGE>
Montgomery Securities. The shares owned by Mr. Ehrman are held in accounts
maintained at Montgomery Securities or are beneficially owned by members of
his immediate family (including his brother and his brother's wife).
Currently, the interest rate charged on such various margin accounts is
approximately 7.75% per annum.
Item 5(ix) of Amendment No. 19 to the Schedule 13D is hereby corrected as
follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(ix) In the aggregate, the Reporting Persons beneficially own a total
of 643,182 shares of Common Stock, constituting 8.98% of the shares
outstanding.
Item 5 is hereby amended and restated in its entirety as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The approximate aggregate percentage of shares of Common Stock
reported beneficially owned by each person herein is based on 7,209,589 shares
outstanding, which is the total number of shares of Common Stock outstanding
as of May 30, 1997, as reflected in the company's quarterly report on Form 10Q
filed with the Securities and Exchange Commission (the "Commission") for the
period ended April 30, 1997 (which is the most recent Form 10Q on file).
As of the close of business on September 5, 1997:
(i) EGS Associates owns beneficially 174,375 shares of Common Stock,
constituting approximately 2.42% of the shares outstanding.
(ii) EGS Partners owns directly no shares of Common Stock. By reason
of the provisions of Rule 13D-3 of the Securities Exchange Act of 1934, as
amended (the "Act"), EGS Partners may be deemed to own beneficially 329,938
shares (constituting approximately 4.58% of the shares outstanding), purchased
for discretionary accounts managed by it, other than EGS Overseas, and 1,414
shares of Common Stock purchased for EGS Overseas (constituting approximately
.02% of the shares outstanding), which, when aggregated, total 331,352 shares
of Common Stock, constituting approximately 4.60% of the shares outstanding.
(iii) Bev Partners owns beneficially 86,888 shares of Common Stock,
constituting approximately 1.21% of the shares outstanding.
(iv) Jonas Partners owns 7,883 shares of Common Stock, constituting
less than 1% of the shares outstanding.
(v) Mr. Ehrman owns directly, and beneficially through ownership by
members of his immediate family (including his brother and his brother's
wife), 86,978 shares of Common Stock, constituting approximately 1.21% of the
shares outstanding.
(vi) Mr. Greenberg owns directly, and beneficially through ownership
by members of his immediate family, 6,702 shares of Common Stock, constituting
less than 1% of the shares outstanding.
(vii) Mr. Ketcher owns directly 4,802 shares of Common Stock,
constituting less than 1% of the shares outstanding.
<PAGE 12 OF 17 PAGES>
<PAGE>
(viii) Mr. McLaren owns directly 1,000 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(ix) Mr. Gerstl owns directly no shares of Common Stock.
By reason of the provisions of Rule 13D-3 of the Act, each of the
General Partners may be deemed to own the 174,375 shares beneficially owned by
EGS Associates, the 331,352 shares beneficially owned by EGS Partners, the
86,888 shares beneficially owned by Bev Partners and the 7,883 shares
beneficially owned by Jonas Partners. When the shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners, and Jonas Partners are aggregated,
they total 600,498 shares of Common Stock, constituting approximately 8.33% of
the shares outstanding.
(x) In the aggregate, the Reporting Persons beneficially own a total
of 699,980 shares of Common Stock, constituting approximately 9.71% of the
shares outstanding.
(b) (i) Each of EGS Associates, EGS Partners (with respect to
shares of EGS Overseas and other discretionary accounts), Bev Partners and
Jonas Partners has the power to vote and to dispose of the shares of Common
Stock beneficially owned by it, except for 3,000 shares held by one of the
discretionary accounts, which power may be exercised by the General Partners.
Each of EGS Overseas and the discretionary accounts is a party to an
investment management agreement with EGS Partners pursuant to which EGS
Partners has investment authority with respect to securities held in such
account.
(ii) Each Reporting Person that is an individual has the
sole power to vote and dispose of the shares owned directly by him. Mr.
Greenberg has no power to vote and shared power to dispose of shares owned by
members of his immediate family. Mr. Ehrman has no power to vote and shared
power to dispose of shares owned by members of his immediate family (including
his brother and his brother's wife).
(c) The trading dates, number of shares of Common Stock
purchased or sold and price per share for all transactions in the Common Stock
from the 60th day prior to September 5, 1997 until September 5, 1997 by EGS
Associates, EGS Partners (excluding EGS Overseas), and Bev Partners are set
forth in Schedules A, B, and C, respectively. All such transactions were
effected in the over-the-counter market. During such period, EGS Overseas,
Jonas Partners and Messrs. Greenberg, Ketcher, Gerstl and McLaren did not
enter into any transactions in the Common Stock.
(d) No person other than each respective record owner referred to
herein of shares of Common Stock is known to have the right to receive or the
power to direct the receipt of dividends from or the proceeds of sale of such
shares of Common stock.
<PAGE 13 OF 17 PAGES>
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
/s/William Ehrman
DATED: Sept. 8, 1997 _________________________________
William Ehrman, individually, as
member of EGS PARTNERS, L.L.C., and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/Frederic Greenberg
____________________________________
Frederic Greenberg, individually, as
member of EGS PARTNERS, L.L.C., and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/Frederick Ketcher
____________________________________
Frederick Ketcher, individually, as
member of EGS PARTNERS, L.L.C. and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/Jonas Gerstl
____________________________________
Jonas Gerstl, individually, as
member of EGS PARTNERS, L.L.C., and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/James McLaren
____________________________________
James McLaren, individually, as
member of EGS PARTNERS, L.L.C., and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
<PAGE 14 OF 17 PAGES>
<PAGE>
Schedule A
EGS Associates, LP
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
8/8/97 1,990 $25.07
<PAGE 15 OF 17 PAGES>
<PAGE>
Schedule B
EGS Partners, LLC
(excluding EGS Overseas)
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
7/8/97 600 $36.57
7/9/97 200 $36.07
7/10/97 2,000 $36.07
7/14/97 1,700 $34.94
8/7/97 1,000 $27.32
8/8/97 5,155 $25.07
8/12/97 3,000 $25.07
8/13/97 1,000 $25.07
8/20/97 2,500 $25.57
8/20/97 2,000 $25.07
<PAGE 16 OF 17 PAGES>
<PAGE>
Schedule C
Bev Partners, LP
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
8/8/97 855 $25.07
<PAGE 17 OF 17 PAGES>
(..continued)
