1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549 SCHEDULE 13G
Amendment No. 1
Under the Securities Exchange Act of
1934
Pittston Brink's Group
(Name of Issuer)
Common Stock $1.00 par value
(Title of Class of Securities)
(CUSIP Number)
725-701-10-6
Check the following box if a fee is being paid
with this statement [ ].
The information required on the remainder of this
cover page shall not be deemed to be "filed" for
the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject
to the liabilities of that section of the Act but
shall be subject to all other provisions of the
Act.
<PAGE>
Cusip Number: 725-701-10-6
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Tiger Management L.L.C.
2
Check the Appropriate Box if a Member of a Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
5 Sole Voting Power: -0-
6 Shared Voting Power: 2,668,500
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 2,668,500
9
Aggregate Amount Beneficially Owned by Each Reporting
Person: 2,668,500
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
6.4%
12
Type of Reporting Person:
IA
<PAGE>
Cusip Number: 725-701-10-6
1
Name of Reporting Person and S.S. or
I.R.S. Identification Number of Above
Person:
Tiger Performance L.L.C.
2
Check the Appropriate Box if a Member of a Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
5 Sole Voting Power: -0-
6 Shared Voting Power: 1,436,200
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 1,436,200
9
Aggregate Amount Beneficially Owned by Each Reporting
Person: 1,436,200
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
3.5%
12
Type of Reporting Person:
IA
<PAGE>
Cusip Number: 725-701-10-6
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Panther Partners, L.P
2
Check the Appropriate Box if a Member of a
Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
Delaware
5 Sole Voting Power: -0-
6 Shared Voting Power: 248,200
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 248,200
9
Aggregate Amount Beneficially Owned by Each Reporting
Person: 248,200
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
0.6%
12
Type of Reporting Person:
IV PN
<PAGE>
Cusip Number: 725-701-10-6
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Panther Management Company, L.P
2
Check the Appropriate Box if a Member of a Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
Delaware
5 Sole Voting Power: -0-
6 Shared Voting Power: 248,200
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 248,200
9
Aggregate Amount Beneficially Owned by Each Reporting
Person: 248,200
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
0.6%
12
Type of Reporting Person:
IA PN
<PAGE>
Cusip Number: 725-701-10-6
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Julian H. Robertson, Jr.
2
Check the Appropriate Box if a Member of a
Group:
(a)
(b)
3
SEC Use Only
4
Citizenship or Place of Organization:
U.S
5 Sole Voting Power: -0-
6 Shared Voting Power: 4,352,900
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 4,352,900
9
Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,352,900
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
10.5%
12
Type of Reporting Person:
IN
<PAGE>
Item 1(a) Pittston Brink's Group
Item 1(b) P.O. Box 4229, 1000 Virginia Center Parkway,
Glen Allen, Virginia 23058-4229.
Item 2(a) This statement is filed on behalf of Tiger
Management L.L.C. ("TMLLC"), Tiger Performance L.L.C.
("TPLLC"), Panther Partners, L.P. ("Panther") and
Panther Management Company, L.P. ("PMCLP").
Julian H. Robertson, Jr. is the ultimate controlling
person of TMLLC, TPLLC and PMCLP.
Item 2(b) The address of each reporting person is 101
Park Avenue, New York, NY 10178
Item 2(c) Incorporated by reference to item (4) of the
cover page pertaining to each reporting person.
Item 2(d) Common Stock $1.00 par value
Item 2(e) 725-701-10-6
Item 3 Panther is an investment company registered
under Section 8 of the Investment Company Act. Each of
TMLLC, TPLLC and PMCLP is an investment adviser
registered under Section 203 of the Investment Advisers
Act of 1940.
Item 4 Ownership as of December 31, 1996 is
incorporated by reference to items (5) - (9) and (11)
of the cover page pertaining to each reporting person.
Item 5 Not applicable
Item 6 Other persons are known to have the right to
receive dividends from or proceeds from the sale of
such securities. The interest of one such person, The
Jaguar Fund N.V., a Netherlands Antilles corporation,
is more than 5%.
Item 7 Not applicable
Item 8 Not applicable
<PAGE>
Item 9 Not applicable
Item 10
By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have
the effect of changing or influencing the control of
the issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set forth in this statement is true, complete and
correct.
February 12, 1997
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company,
L.P., its General Partner
By: Panther Management Corporation,
its General Partner
/s/ Nolan Altman,
Chief Financial Officer
PANTHER MANAGEMENT COMPANY, L.P.
By: Panther Management Corporation,
its General Partner
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR.
By: /s/ Nolan Altman
Under Power of Attorney dated
1/27/95
On File with Schedule 13G for
Kohl's Corp. 2/7/95
<PAGE>
AGREEMENT
The undersigned agree that this Amendment No. 1 to
Schedule 13G dated February 12, 1997 relating to
shares of common stock of Pittston Brink's Group
shall be filed on behalf of each of the
undersigned.
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company, L.P.,
its General Partner
By: Panther Management Corporation,
its General Partner
/s/ Nolan Altman,
Chief Financial Officer
PANTHER MANAGEMENT COMPANY, L.P.
By: Panther Management Corporation,
its General Partner
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR.
By: /s/ Nolan Altman
Under Power of Attorney dated
1/27/95
On File with Schedule 13G for
Kohl's Corp. 2/7/95
