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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ____0_______)*
CONSOLIDATED CIGAR HOLDINGS INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
20902E10
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(CUSIP Number)
AS OF 10/31/96
Check the following box if a fee is being paid with this statement . /X/ (A fee
is not required only if the filing 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).1
*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 provides in a prior cover page.
The information required in 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 (however,
see the Notes).
* SEE INSTRUCTION BEFORE FILLING OUT!
Page 1 of 10 pages
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CUSIP No. 20902E10 13G Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON Provident Investment Counsel, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts
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5 SOLE VOTING POWER 260600
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NUMBER OF
SHARES 6 SHARED VOTING POWER 0
BENEFICIALLY
OWNED BY ---------------------------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 277200
PERSON
WITH ---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 277200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.1%
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12 TYPE OF REPORTING PERSON* CO, IA
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* SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 10 pages
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CUSIP No. 20902E10 13G Page 3 of 10 Pages
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1 NAME OF REPORTING PERSON Robert M. Kommerstad
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Mr. Kommerstad is no longer a
reporting person. See Item 2.)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
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5 SOLE VOTING POWER 0
NUMBER OF --------------------------------------------------------
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER 0
WITH
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8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 0 IA owns 277200
REPORTING PERSON
shares of common stock. Mr. Kommerstad is no longer
a reporting person.
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%
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12 TYPE OF REPORTING PERSON* Mr. Kommerstad is no longer a reporting person.
See Item 2.
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* SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 10 pages
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ITEM 1.
(a) NAME OF ISSUER: CONSOLIDATED CIGAR HOLDINGS INC.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5900 NORTH ANDREWS AVENUE, FORT LAUDERDALE, FL 33309
ITEM 2.
(a) NAME OF PERSON FILING: This statement is being filed
by (i) Provident Investment Counsel Inc., a Massahusetts
corporation and registered investment adviser ("IA"), and
(ii) Robert M. Kommerstad, a shareholder of IA's predecessor,
Provident Investment Counsel, a California corporation which was
formerly a registered investment adviser ("Former IA"). IA is
continuing the business of Former IA, and is a wholly-owned
subsidiary of United Asset Management Holdings, which is wholly
owned by United Asset Management Corporation ("UAM"). Pursuant
to an Acquisition Agreement by and among UAM, Former IA and IA,
IA acquired substantially all of the assets of Former IA on
February 15, 1995. (the "Acquisition").
IA's beneficial ownership of the Common Stock is direct
as a result of IA's discretionary authority to buy, sell, and
vote shares of such Common Stock for its investment advisory
clients. Mr. Kommerstad, as a result of the Acquisition, no
longer has beneficial ownership of any of the common stock, and
is no longer a reporting person.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
IA's Principal Business Office is located at:
300 North Lake Avenue, Pasadena, CA 91101-4022.
(c) CITIZENSHIP:
IA is a Massachusetts corporation.
(d) TITLE OF CLASS OF SECURITIES:
Class A Common Stock
* SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 10 pages
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(e) CUSIP NUMBER:
20902E10
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b),
OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or Dealer registered under Section 15 of
the Act
(b) / / Bank as defined in section 3(a)(6) of the Act
(c) / / Insurance Company as defined in section 3(a)(19)
of the act
(d) / / Investment Company registered under section 8 of
the Investment Company Act
(e) /X/ Investment Adviser registered under section 203 of
the Investment Advisers Act
(f) / / Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with Section 240.13d1-(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED: IA directly beneficially
owns 277200 shares of Common Stock.
(b) PERCENT OF CLASS: 5.1%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or to direct the vote:
IA has the power to vote 260,600 shares.
No other person has the power to vote
such shares.
IA has no power to vote 16,600 shares for
which it has dispositive power.
(ii) shared power to vote or to direct the vote: 0
* SEE INSTRUCTION BEFORE FILLING OUT!
Page 5 of 10 pages
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(iii) sole power to dispose or to direct the
disposition of:
IA has the power to dispose all 277200
shares for which it has direct
beneficial ownership. It does not share
this power with any other person.
(iv) shared power to dispose or to direct the
disposition of: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
As a result of the Acquisition, Mr. Kommerstad no
longer owns any of the common stock. See Item 2 above.
IA's beneficial ownership is described in Item 4 above.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
IA, a registered investment adviser, has the right or
the power to direct the receipt of dividends from
Common Stock, and to direct the receipt of proceeds
from the sale of Common Stock to IA's investment
advisory clients. No single investment advisory client
of IA owns more than 5% of the Common Stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
* SEE INSTRUCTION BEFORE FILLING OUT!
Page 6 of 10 pages
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ITEM 10. CERTIFICATION
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 purposes or effect.
* SEE INSTRUCTION BEFORE FILLING OUT!
Page 7 of 10 pages
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SIGNATURE
After reasonable inquiry and to the best knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
November 9, 1996
PROVIDENT INVESTMENT COUNSEL, INC.
By: /s/ THAD BROWN
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Thad Brown
Chief Financial Officer
and Senior Vice-President
* SEE INSTRUCTION BEFORE FILLING OUT!
Page 8 of 10 pages
