SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D/A2
(Amendment No. 2)
Under the Securities Exchange Act of 1934
LAMONTS APPAREL, INC.
(Name of Issuer)
COMMON STOCK, par value $.01 per share
(Title of Class of Securities)
513628206
(CUSIP Number)
JOHN C. WATERFALL
10 EAST 50TH STREET
NEW YORK, NEW YORK 10022
(212) 705-0500
(Name, address and telephone number of person
authorized to receive notices and communications)
November 17, 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 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
___________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Phoenix Partners
_____________________________________________________________________________
(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
New York
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
138,089
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
138,089
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
138,089
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.8%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
MW Management, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
138,089
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
138,089
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
138,089
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.8%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Phaeton BVI
(formerly Phaeton International, N.V.)
_____________________________________________________________________________
(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
British Virgin Islands
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
45,950
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
45,950
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
45,950
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.2%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Betje Partners
_____________________________________________________________________________
(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
New York
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
49,164
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
49,164
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
49,164
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 33 pages
<page
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Morgens, Waterfall, Vintiadis & Company, Inc.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(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
New York
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
95,114
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
95,114
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
95,114
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.5%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Morgens Waterfall Income Partners
_____________________________________________________________________________
(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
New York
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
47,260
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
47,260
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
47,260
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
MW Capital, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
47,260
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
47,260
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
47,260
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Restart Partners, L.P.
_____________________________________________________________________________
(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
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
299,986
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
299,986
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
299,986
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 33 pages
<page
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Restart Partners II, L.P.
_____________________________________________________________________________
(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
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
492,000
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
492,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
492,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 33 pages
<page
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Restart Partners III, L.P.
_____________________________________________________________________________
(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
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
308,795
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
308,795
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
308,795
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 33 pages
<page
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Prime, Inc.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
1,100,781
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,100,781
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,100,781
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.1%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Prime Group, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
299,986
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
299,986
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
299,986
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Prime Group II, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
492,000
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
492,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
492,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Prime Group III, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
308,795
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
308,795
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
308,795
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
LP
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Endowment Restart, L.L.C.
(formerly The Common Fund for Non-Profit Organizations)
_____________________________________________________________________________
(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
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
0
SHARES _____________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
101,662
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
101,662
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
101,662
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 33 pages
<page
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Endowment Prime, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
101,662
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
101,662
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
101,662
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
John C. "Bruce" Waterfall
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
1,482,906
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,482,906
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,482,906
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 33 pages
<PAGE>
13D/A2
CUSIP No. 513628206
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Edwin H. Morgens
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
1,482,906
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,482,906
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,482,906
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 33 pages
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This amendment ("Amendment No. 2") amends and restates: (i) the
statement on Schedule 13D ("Statement No. 1") filed by the Reporting Persons
(as defined below) with the Securities & Exchange Commission (the
"Commission") on September 3, 1992 with respect to shares of common stock, par
value $0.01 per share, of Lamonts Corporation (the "Original Shares"), (ii)
the statement on Schedule 13D ("Statement No. 2") filed by the Reporting
Person with the Commission on December 14, 1993 with respect to Shares of
Series A Preferred Stock of Lamonts Apparel, Inc. (the "Issuer"), and (iii)
amendment no. 1 to Statement No. 1 ("Amendment No. 1") filed by the Reporting
Persons with the Commission on November 27, 1994 with respect to shares of
common stock, par value $.01 per share (the "New Shares", and together with
the Original Shares, the "Shares"), of the Issuer. The principal executive
offices of the Issuer are located at 3650 131st Avenue S.E., Bellevue,
Washington 98006.
ITEM 2. IDENTITY AND BACKGROUND.
This Amendment No. 2 is filed jointly by (a) Phoenix Partners
("Phoenix"); (b) MW Management, L.L.C. ("MW Management"); (c) Phaeton BVI
("Phaeton") (formerly Phaeton International N.V.); (d) Betje Partners
("Betje"); (e) Morgens, Waterfall, Vintiadis & Company, Inc. ("Morgens
Waterfall"); (f) Morgens Waterfall Income Partners ("MWIP"); (g) MW Capital,
L.L.C. ("MW Capital"); (h) Restart Partners, L.P. ("Restart"); (i) Restart
Partners II, L.P. ("Restart II"); (j) Restart Partners III, L.P. ("Restart
III"); (k) Prime Group, L.P.("Prime"); (l) Prime Group II, L.P. ("Prime II");
(m) Prime Group III, L.P.("Prime III"); (n) Prime, Inc.; (o) Endowment
Restart, L.L.C.("Endowment") (formerly The Common Fund for Non-Profit
Organizations); (p) Endowment Prime, L.L.C. ("Endowment Prime"); (q) John C.
"Bruce" Waterfall ("Waterfall"); and (r) Edwin H. Morgens ("Morgens", and
together with the persons listed in clauses (a) through (q) above, the
"Reporting Persons").
Phoenix is a New York limited partnership whose principal address is 10
East 50th Street, New York, New York 10022. The principal business of Phoenix
is to invest in securities of U.S. issuers. MW Management, a Delaware limited
liability company, is the general partner of Phoenix. The principal address
of MW Management is 10 East 50th Street, New York, New York 10022. The
managing members of MW Management are Morgens and Waterfall. All of the
information concerning Morgens and Waterfall is set forth below.
Phaeton is a company incorporated under the laws of the British Virgin
Islands having its principal office c/o Hemisphere Management Limited located
at Hemisphere House, 9 Church Street, Hamilton, HM11 Bermuda. The principal
business of Phaeton is to invest in securities of U.S. and foreign issuers.
Morgens Waterfall serves as an investment advisor to Phaeton as discussed
below.
Betje is a New York limited partnership whose principal address is 10
East 50th Street, New York, New York 10022. The principal business of Betje
is to invest in the securities of U.S. issuers. Mr. Zanvyl Krieger is the
general partner of Betje. The business address of Mr. Krieger is c/o Weinberg
and Green, 100 South Charles Street, Baltimore, Maryland 21201. Mr. Krieger's
principal occupation is a private investor. Morgens Waterfall serves as an
investment advisor to Betje as discussed below.
Page 20 of 33 pages
<PAGE>
Morgens Waterfall is a New York corporation having its principal address
at 10 East 50th Street, New York, New York 10022. The principal business of
Morgens Waterfall is the rendering of financial services and as such it
provides discretionary investment advisory services pursuant to contracts with
Phaeton and Betje.
MWIP is a New York limited partnership whose principal address is 10
East 50th Street, New York, New York 10022. The principal business of MWIP
is to invest in the securities of U.S. issuers. MW Capital, a Delaware
limited liability company, is the general partner of MWIP. MW Capital is a
Delaware limited liability company whose principal address at 10 East 50th
Street, New York, New York 10022. The principal business of MW Capital is to
act as the general partner of MWIP. Morgens and Waterfall are the managing
members of MW Capital. All of the information concerning Morgens and
Waterfall is set forth below.
Restart, Restart II and Restart III are Delaware limited partnerships
having their principal addresses at 10 East 50th Street, New York, New York
10022. The principal businesses of Restart, Restart II and Restart III are to
invest in securities of financially troubled companies.
Prime, Prime II and Prime III, Delaware limited partnerships having
their principal addresses at 10 East 50th Street, New York, New York 10022,
are the general partners of Restart, Restart II and Restart III, respectively.
The principal businesses of Prime, Prime II and Prime III are to act as the
general partners of Restart, Restart II and Restart III, respectively.
Prime, Inc., the general partner of Prime, Prime II and Prime III, is a
Delaware corporation having its principal address at 10 East 50th Street, New
York, New York 10022. The principal business of Prime, Inc. is to act as a
general partner of Prime, Prime II and Prime III. Waterfall is the President
and a Director of Prime, Inc. Morgens is the Chairman of the Board of
Directors and the Secretary of Prime, Inc. All of the information concerning
Morgens and Waterfall is set forth below.
Endowment is a Delaware limited liability company having its principal
office c/o Morgens, Waterfall, Vintiadis & Company, Inc., 10 East 50th Street,
New York, New York 10022. The principal business of Endowment is to invest in
securities of various issuers. The managing member of Endowment is Endowment
Prime, a Delaware limited liability company with its principal business
address at 10 East 50th Street, New York, New York 10022. The managing
members of Endowment Prime are Morgens and Waterfall. All of the information
concerning Morgens and Waterfall is set forth below.
Waterfall is the President and a Director of Morgens Waterfall.
Morgens is the Chairman of the Board of Directors and the Secretary of Morgens
Waterfall. The primary occupations of Morgens and Waterfall are to act as the
principals in the business of Morgens Waterfall. The principal business
address of Morgens and Waterfall, each of whom is a U.S. citizen, is at the
office of Morgens Waterfall, 10 East 50th Street, New York, New York 10022.
Morgens Waterfall has no other officers or directors.
Page 21 of 33 pages
<PAGE>
During the past five years, none of the persons described in this Item
2 have been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors). During the last five years, none of such persons
has been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to
a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws, or finding any violations with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As reported in Statement No. 1, the Shares of common stock of Lamonts
Corporation were acquired by the Reporting Persons on August 24, 1992 pursuant
to a certain Master Recapitalization Agreement in exchange for 13 1/2% Senior
Subordinated Notes due 1995 of the Issuer held by the Reporting Persons. The
Shares received pursuant to the Master Recapitalization Agreement and the
purchase price attributable to such Shares for each Reporting Person is set
forth below:
Number of Original Shares
Reporting Person Received Upon Conversion Purchase Price
Phoenix 138,089 $604,829
Phaeton 45,950 $218,781
Betje 49,164 $215,338
MWIP 47,260 $162,101
Restart 299,986 $1,193,944
Restart II 492,000 $1,722,000
Restart III 308,795 $1,062,254
Endowment 101,662 $343,617
Each Share of common stock of Lamonts Corporation as reported in the
Statement No. 1 was automatically converted (upon the change in the Issuer's
name to Lamonts Apparel, Inc.) into one Share of the Issuer with the CUSIP
Number 513628990.
As reported in Statement No. 2, each share of Series A Preferred Stock
held by the Reporting Persons at that time was automatically converted (upon
the amendment of the Issuer's Certificate of Incorporation) into two Shares of
the Issuer with the CUSIP Number 513628206. The Shares received by each
Reporting Person upon conversion of Series A Preferred Stock is set forth
below:
Number of New Shares
Reporting Person Received upon Conversion Purchase Price
Phoenix 182,678 $274,017
Phaeton 60,788 $91,182
Betje 65,038 $97,557
MWIP 62,520 $93,780
Restart 396,850 $595,275
Restart II 650,866 $976,299
Restart III 408,506 $612,759
Endowment 134,488 $201,732
The Reporting Persons have not acquired additional securities of the
Issuer since the filing of the Statement No. 1 and Statement No. 2.
Page 22 of 33 pages
<page
The source of funds used for the purchases reported in Statement No. 1
and Statement No. 2 was the working capital of the respective Reporting
Person.
ITEM 4. PURPOSE OF TRANSACTION.
Phoenix, Phaeton, Betje, MWIP, Restart, Restart II, Restart III and
Endowment acquired the Shares as investments. The Reporting Persons have no
present plans or proposals that relate to or would result in any of the
actions enumerated in Item 4 of Schedule 13D except as reported in Item 6
hereof.
The Reporting Persons reserve the right to buy additional securities
of the Issuer or sell securities of the Issuer from time to time.
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.
(a) and (b) The following is the aggregate amount of Shares that are
beneficially owned by each Reporting Person:
AGGREGATE # OF SHARES PERCENTAGE
NAME OF COMMON STOCK OF CLASS
Phoenix 138,089 .8%
Phaeton 45,950 .2%
Betje 49,164 .3%
MWIP 47,260 .3%
Restart 299,986 1.7%
Restart II 492,000 2.7%
Restart III 308,795 1.7%
Endowment 101,662 .6%
TOTAL 1,482,906 8.3%
Morgens Waterfall does not directly own any Shares. Morgens Waterfall
may be deemed an indirect beneficial owner of 95,114 shares by virtue of a
contracts with Betje (49,164 Shares) and Phaeton (45,950 Shares) pursuant to
which Morgens Waterfall provides discretionary investment advisory services.
Prime, Inc. does not directly own any Shares. Prime, Inc. may be deemed
an indirect beneficial owner of 1,100,781 Shares by virtue of its position as
general partner of Prime, Prime II, Prime III, Prime IV and Prime V; which are
not direct beneficial owners of any Shares, but may be deemed to be indirect
beneficial owners of Shares by virtue of their positions as general partners
of Restart (299,986 Shares), Restart II (492,000 Shares), and Restart III
(308,795 Shares), respectively.
Page 23 of 33 pages
<PAGE>
MW Capital does not directly own any of the Shares. MW Capital may be
deemed an indirect beneficial owner of 47,260 Shares by virtue of its position
as general partner of MWIP.
Endowment Prime does not directly own any Shares. Endowment Prime may
be deemed an indirect beneficial owner of 101,662 Shares by virtue of its
position as managing member of Endowment.
Waterfall does not directly own any of the Shares. Waterfall may be
deemed to be an indirect beneficial owner of 1,482,906 Shares by virtue of his
positions as President and a Director of Morgens Waterfall, as investment
adviser to Betje (49,164 Shares) and Phaeton (45,950 Shares); as a managing
member of MW Capital, as general partner of MWIP (47,260 Shares); as President
and a Director of Prime, Inc., as general partner of each of Prime, Prime II
and Prime III, as general partners of Restart (299,986 Shares), Restart II
(492,000 Shares), Restart III (308,795 Shares), respectively; as a managing
member of Endowment Prime, as managing member of Endowment (101,662 Shares).
Morgens does not directly own any of the Shares. Morgens may be deemed
to be an indirect beneficial owner of 1,482,906 Shares by virtue of his
positions as Chairman and Director of Morgens Waterfall, as investment advisor
to Betje (49,164 Shares) and Phaeton (45,950 Shares); as a managing member of
MW Capital, as general partner of MWIP (47,260 Shares); as Chairman of Prime,
Inc., as general partner of each of Prime, Prime II and Prime III, as general
partners of Restart (299,986 Shares), Restart II (492,000 Shares) and Restart
III (308,795 Shares), respectively; as managing member of Endowment Prime, as
managing member of Endowment (101,662 Shares).
Each Reporting Person hereby disclaims that it has any beneficial
ownership of the Shares owned, directly or indirectly, by any other entity.
The percentage of Shares beneficially owned by each Reporting Person and
in total is based upon 17,900,053 Shares outstanding as of November 28, 1997
as reported by the Issuer on Form 10Q, which is the most recent Form 10Q of
the issuer on file with the Commission.
(c) The transactions by the Reporting Persons in the Shares of the
Issuer since the filing of Statement No. 1 and Statement No. 2 are set forth
below:
SALE OF SHARES ON 11/15/94
Reporting Person Number of Shares Sold Price per Share
Phoenix 15,078 $0.813
Phaeton 5,088 $0.813
Betje 5,338 $0.813
MWIP 5,120 $0.813
Restart I 32,750 $0.813
Restart II 53,666 $0.813
Restart III 33,606 $0.813
Endowment 11,088 $0.813
- ------------------------------------------------------------------------------
Page 24 of 33 pages
<PAGE>
SALE OF SHARES ON 11/21/94
Reporting Person Number of Shares Sold Price per Share
Phoenix 18,600 $0.625
Phaeton 6,200 $0.625
Betje 6,600 $0.625
MWIP 6,400 $0.625
Restart I 40,500 $0.625
Restart II 66,400 $0.625
Restart III 41,600 $0.625
Endowment 13,700 $0.625
- ------------------------------------------------------------------------------
SALE OF SHARES ON 11/29/94
Reporting Person Number of Shares Sold Price per Share
MWIP 51,000 $0.620
Restart I 323,600 $0.620
Restart II 530,800 $0.620
Restart III 333,300 $0.620
Endowment 109,700 $0.620
- ------------------------------------------------------------------------------
PURCHASE OF SHARES ON 11/29/94
Reporting Person Number of Shares Purchased Price per Share
Phoenix 622,200 $0.630
Phaeton 518,500 $0.630
Betje 207,700 $0.630
- ------------------------------------------------------------------------------
SALE OF SHARES ON 12/30/94
Reporting Person Number of Shares Sold Price per Share
Phoenix 622,200 $0.625
Phaeton 518,500 $0.625
Betje 207,700 $0.625
- ------------------------------------------------------------------------------
PURCHASE OF SHARES ON 12/30/94
Reporting Person Number of Shares Purchased Price per Share
MWIP 51,000 $0.625
Restart I 323,600 $0.625
Restart II 530,800 $0.625
Restart III 333,300 $0.625
Endowment 109,700 $0.625
- ------------------------------------------------------------------------------
Page 25 of 33 pages
<PAGE>
SALE OF SHARES ON 1/13/95
Reporting Person Number of Shares Sold Price per share
Restart II 50,000 $0.438
- ------------------------------------------------------------------------------
SALE OF SHARES ON 9/2/97
Reporting Person Number of Shares Sold Price per Share
Phoenix 2,100 $0.20
Phaeton 600 $0.20
Betje 1,000 $0.20
MWIP 600 $0.20
Restart 3,800 $0.20
Restart II 6,500 $0.20
Restart III 4,300 $0.20
Endowment 1,100 $0.20
- ------------------------------------------------------------------------------
SALE OF SHARES ON 9/12/97
Reporting Person Number of Shares Sold Price per Share
Phoenix 5,300 $0.19
Phaeton 1,500 $0.19
Betje 2,500 $0.19
MWIP 1,500 $0.19
Restart 9,500 $0.19
Restart II 16,200 $0.19
Restart III 10,800 $0.19
Endowment 2,700 $0.19
- ------------------------------------------------------------------------------
SALE OF SHARES ON 10/29/97
Reporting Person Number of Shares Sold Price per Share
Phoenix 8,300 $0.08
Phaeton 2,800 $0.08
Betje 3,000 $0.08
MWIP 2,800 $0.08
Restart 18,100 $0.08
Restart II 15,300 $0.08
Restart III 18,600 $0.08
Endowment 6,100 $0.08
- ------------------------------------------------------------------------------
Page 26 of 33 pages
<PAGE>
SALE OF SHARES ON 11/17/97
Reporting Person Number of Shares Sold Price per Share
Phoenix 8,300 $0.08
Phaeton 2,800 $0.08
Betje 3,000 $0.08
MWIP 2,800 $0.08
Restart 18,100 $0.08
Restart II 15,300 $0.08
Restart III 18,600 $0.08
Endowment 6,100 $0.08
- ----------------------------------------------------------------------------
SALE OF SHARES ON 11/25/97
Reporting Person Number of Shares Sold Price per Share
Phoenix 16,625 $0.08
Phaeton 5,528 $0.08
Betje 5,922 $0.08
MWIP 5,691 $0.08
Restart 36,114 $0.08
Restart II 30,694 $0.08
Restart III 37,185 $0.08
Endowment 12,241 $0.08
- -----------------------------------------------------------------------------
SALE OF SHARES ON 12/02/97
Reporting Person Number of Shares Sold Price per Share
Phoenix 2,840 $0.07
Phaeton 944 $0.07
Betje 1,012 $0.07
MWIP 972 $0.07
Restart 6,168 $0.07
Restart II 9,622 $0.07
Restart III 6,351 $0.07
Endowment 2,091 $0.07
- -----------------------------------------------------------------------------
SALE OF SHARES ON 12/03/97
Reporting Person Number of Shares Sold Price per Share
Phoenix 105,535 $0.04
Phaeton 35,328 $0.04
Betje 36,666 $0.04
MWIP 36,637 $0.04
Restart 231,818 $0.04
Restart II 387,184 $0.04
Restart III 237,464 $0.04
Endowment 79,368 $0.04
Page 27 of 33 pages
<PAGE>
All transactions reported above were effected through open market
transactions in the over-the-counter market.
Except as set forth above, there were no other transactions by the
Reporting Persons in the securities of the Issuer.
(d) Except as set forth in this Item and Item 2 above, no other person
is known to have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the Shares.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO THE SECURITIES OF THE ISSUER.
None of the persons identified in Item 2 above is a party to any
contract, arrangement, understanding or relationship with respect to any
securities of the Issuer, except to the extent described in Item 2 and Item 5
of this Amendment No. 2.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT 1 Joint Acquisition Statement among the Reporting Persons dated
February 13, 1998, filed pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934, as amended.
EXHIBIT 2 Power of Attorney, dated February 13, 1998, granted to Morgens and
Waterfall by MWIP; MW Capital; Prime, Inc.; Prime; Prime II; Prime III;
Restart; Restart II; Restart III, Phoenix; MW Management; Morgens Waterfall;
Betje; Endowment; Endowment Prime; Phaeton; Morgens; and Waterfall for the
specific purpose of executing on their behalf any Schedule 13Ds and amendments
thereto for filing with the Commission pursuant to the requirements of Rule
13d-1(f).
Page 28 of 33 pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each
of the Reporting Persons, each such person or entity certifies that the
information set forth in this statement is true, complete and correct and
agrees that this statement is filed on behalf of each of them.
The Reporting Persons listed herein
/s/ Bruce Waterfall
Dated: February 13, 1998 By: ___________________________________
John C. "Bruce" Waterfall, on his
own behalf and as attorney-in-fact
for each of the other Reporting
Persons
/s/ Edwin H. Morgens
By: ___________________________________
Edwin H. Morgens, on his own
behalf and as attorney-in-fact
for each of the other Reporting
Persons
Page 29 of 33 pages
<PAGE>
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(f)(1)
The undersigned acknowledge and agree that this statement on Schedule 13D is
filed on behalf of each of the undersigned and that any subsequent amendments
to the statement on Schedule 13D shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint acquisition
statements. The undersigned acknowledge that each shall be responsible for
the timely filing of such amendments, and for the completeness and accuracy of
the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that it knows or has reason to believe that such
information is inaccurate.
The Reporting Persons listed herein
Dated: February 13, 1998 By: /s/ Bruce Waterfall
___________________________________
John C. "Bruce" Waterfall, on his
own and as attorney-in-fact for
each of the other Reporting Persons
By: /s/ Edwin H. Morgens
___________________________________
Edwin H. Morgens, on his own
behalf and as attorney-in-fact
for each of the other Reporting
Persons
Page 30 of 33 pages
<PAGE>
EXHIBIT 2
POWER OF ATTORNEY
The undersigned hereby appoint John C. "Bruce" Waterfall and Edwin H.
Morgens each with full power of substitution, as their attorneys-in-fact for
the specific purpose of executing on their behalf any Schedule 13Ds and
amendments thereto for filing with the Securities and Exchange Commission
pursuant to the requirements of Rule 13d-1(f) under the Securities Exchange
Act of 1934, as amended. The undersigned hereby ratify the execution on their
behalf, prior to the date hereof, by John C. "Bruce" Waterfall or Edwin H.
Morgens of any Schedule 13Ds or amendments thereto for the aforesaid purpose.
IN WITNESS WHEREOF, the undersigned have caused this Power of Attorney
to be duly executed as of February 13, 1998.
PHOENIX PARTNERS
By: MW Management, L.L.C.
General Partner
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
Managing Member
MW MANAGEMENT, L.L.C.
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
Managing Member
PHAETON BVI
By: Morgens, Waterfall, Vintiadis & Company, Inc.
As investment advisor
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
President
BETJE PARTNERS
By: Morgens, Waterfall, Vintiadis & Company, Inc.
As investment advisor
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
President
Page 31 of 33 pages
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MORGENS, WATERFALL, VINTIADIS & COMPANY INC.
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
President
MORGENS WATERFALL INCOME PARTNERS
By: MW Capital, L.L.C.
General Partner
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
Managing Member
RESTART PARTNERS, L.P.
RESTART PARTNERS II, L.P.
RESTART PARTNERS III, L.P.
By: PRIME GROUP, L.P.
PRIME GROUP II, L.P.
PRIME GROUP III, L.P.
As General Partners of Restart Partners, L.P.,
Restart Partners II, L.P., and Restart Partners III, L.P.,
By: PRIME, INC.
As general partner of Prime Group, L.P., Prime Group II, L.P. and
Prime Group, III, L.P.
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
President
ENDOWMENT RESTART, L.L.C.
By: Endowment Prime, L.L.C.
Managing Member
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
Managing Member
Page 32 of 33 pages
<PAGE>
ENDOWMENT PRIME, L.L.C.
/s/ Bruce Waterfall
By: _________________________
John C. "Bruce" Waterfall
Managing Member
JOHN C. "BRUCE" WATERFALL
/s/ Bruce Waterfall
By: _________________________
EDWIN H. MORGENS
/s/ Edwin H. Morgens
By: _________________________
Page 33 of 33 pages
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