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OMB APPROVAL
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OMB Number 3235-0104
Expires: Sept. 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Feinberg Stephen
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(Last) (First) (Middle)
c/o Cerberus Partners, L.P.
450 Park Avenue
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
10/02/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Samuels Jewelers, Inc. -SMJW
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5 Relationship of Reporting Person to Issuer
(Check all applicable)
1,4
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
1,4
[X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
1,4 1 1,4
Common Stock 797,050 I By partnerships and corporations
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction
5(b)(v).
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
2 3 1,4 5 1 1,4
Warrants immed. 10/1/2003 Common Stock 18,763 $19.69 I By partner-
(right to buy) ships and
corporations.
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</TABLE>
Explanation of Responses:
1
Cerberus Partners, L.P. ("Cerberus") is the holder of 158,555 shares of common
stock of Samuels Jewelers, Inc. (the "Company"); Cerberus International, Ltd.
("International") is the holder of 267,710 shares of common stock of the
Company; Ultra Cerberus, Ltd. ("Ultra") is the holder of 24,510 shares of
common stock of the Company; and certain private investment funds (the "Funds")
in the aggregate are the holders of 346,275 shares of common stock of the
Company. Stephen Feinberg possesses sole power to vote and direct the
disposition of all securities of the Company owned by each of Cerberus,
International, Ultra and the Funds. Also, the Funds are the holders of warrants
to purchase from the Company up to 18,763 additional shares of common stock
of the Company and Stephen Feinberg possesses sole voting and investment
control over such warrants and, if exercised, the shares of common stock of the
Company underlying such warrants.
2
The warrants may be redeemed by the Company in certain circumstances.
3
The expiration date may occur earlier in certain circumstances.
4
The reporting person's interest is limited to the extent of his pecuniary
interest in Cerberus, International, Ultra and the Funds, if any.
5
The exercise price of the warrants is subject to periodic increases commencing
October 1, 1999.
/s/ Stephen Feinberg 4/23/99
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
