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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
RALLY'S HAMBURGERS, INC.
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(Name of Issuer)
Common Stock, par value $.10 per share
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Title of Class of Securities
751203-10-0
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(CUSIP Number)
Andrew F. Puzder
Executive Vice President and General Counsel
Fidelity National Financial, Inc.
17911 Von Karman Avenue
Irvine, California 92714
Tel. (714) 622-5000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
NOVEMBER 27, 1996
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(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(3) or (4), check the following
box //.
Check the following box if a fee is being paid with the statement. //
Page 1 of 4 Pages
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SCHEDULE 13D/A
CUSIP NO.: 374503 1 10 0
(1) NAME OF REPORTING PERSON:
Fidelity National Financial, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
IRS No. 86-0498599
(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 ITEM 2(d) or 2(e) [ ]
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(7) SOLE VOTING POWER: 3,224,002 (1) (2)
(8) SHARED VOTING POWER: 0
(9) SOLE DISPOSITIVE POWER: 3,224,002 (1) (2)
(10) SHARED DISPOSITIVE POWER: 0
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 3,224,002 (1) (2)
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [X]
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 18.4
(14) TYPE OF REPORTING PERSON: CO
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(1) Mr. William P. Foley, II, owns 20.5 as of October 31, 1996, of the
outstanding common stock of Fidelity, and he is Chairman of the Board
and Chief Executive Officer of Fidelity. By virtue of such stock
ownership and positions, Mr. Foley may be deemed a "controlling
person" of Fidelity. Mr. Foley disclaims beneficial ownership of any
of the shares of Common Stock held by Fidelity.
(2) Includes shares of Common Stock issuable upon exercise of (i) 626,607
currently exercisable options and (ii) 587,607 options granted to CKE
Restaurants, Inc., an entity that may be deemed to be an affiliate of
Fidelity, which options may be exercised by Fidelity under certain
circumstances. See Item 5 of this Amendment to Schedule 13D.
(3) Based upon 21,762,890 shares of Common Stock outstanding as of
November 5, 1996
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ITEM 1. SECURITY AND ISSUER.
This Amendment Number 2 amends Amendment No. 1 on Schedule 13D filed
with the Securities and Exchange Commission on September 26, 1996, as
heretofore amended (the "Schedule 13D/A") with respect to the common stock, par
value $0.10 per share (the "Common Stock") of Rally's Hamburgers, Inc., a
Delaware corporation (the "Company"), with its principal executive offices
located at 10002 Shelbyville Road, Suite 150, Louisville, Kentucky 40223.
Other than as set forth herein, there has been no material change in the
information set forth in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION.
Item 3 of the Schedule 13D is hereby amended to add the following:
In addition to the 3,464,922 shares of Common Stock reported on
Schedule 13D, on September 26, 1996, Fidelity also received 346,687 warrants to
purchase shares of common stock pursuant to its exercise under the Company's
Rights Offering, Fidelity acquired 548,607 shares of Common Stock pursuant to
the exercise of certain $3.00 options on November 27, 1996, at an aggregate
purchase price of $1,645,821, which purchase price was funded from Fidelity's
general working capital funds. (See Item 4 of this Amendment Number 2 to
Schedule 13D.) Fidelity currently holds 626,607 currently exercisable options
and CKE holds 587,607 currently exercisable options. CKE's options may be
exercised by Fidelity under certain circumstances.
Of the 3,224,002 shares of Common Stock to which this Statement
relates (a) 767,807 were purchased by Fidelity on May 3, 1996, for an aggregate
purchase price of $638,172.38, which purchase price was funded from general
working capital funds, (b) 346,687 shares and 346,687 warrants to purchase
shares of common stock were acquired by Fidelity on September 26, 1996 due to
its exercise of rights under the Company's Rights Offering, (c) 548,607 were
acquired due to Fidelity's exercise of a majority of its $3.00 options on
November 27, 1996, (d) 626,607 are the subject of currently exercisable options
granted to Fidelity and (e) 587,607 are the subject of currently exercisable
options granted to CKE, which may be exercised by Fidelity under certain
circumstances, No brokerage commissions were paid in connection with these
purchases.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended to add a paragraph as
follows:
On November 26, 1996, Fidelity exercised 548,607 of its $3.00 options
for an aggregate purchase price of $1,645,821.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Section (a) of Item 5 of the Schedule 13D is hereby amended as
follows:
(a) As of the close of business November 27, 1996, Fidelity is the
beneficial owner of 3,224,002 shares of Common Stock including 1,663,101
shares which are owned directly by Fidelity, 346,687 warrants to purchase common
stock, 626,607 shares which are the subject of currently exercisable options
granted to Fidelity and 587,607 shares which are the subject of currently
exercisable options granted to CKE, (which options may be exercised by Fidelity
under certain circumstances), which constitute in the aggregate 14.8% of the
outstanding shares of Common Stock (based on 21,762,890 shares of Common Stock
outstanding as of November 5, 1996). Fidelity disclaims beneficial ownership
of any of the shares of Common Stock owned by CKE.
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SIGNATURE
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.
December 4, 1996 FIDELITY NATIONAL FINANCIAL,
INC.
By: /s/ M'LISS JONES KANE
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M'Liss Jones Kane
Senior Vice President, Corporate
Counsel and Corporate Secretary
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