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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
PVC CONTAINER CORPORATION
-------------------------
(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
693651101
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(CUSIP Number)
Thomas J. Rice, Esq.
Coudert Brothers
1114 Avenue of the Americas
New York, New York 10036
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 26, 1999
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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 Sections 240.13d-1(e), 240.13d-1(f), or
240.13d-1(g), check the following box |_|.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Section 240.13d-7(b) 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
disclosure provided in a prior cover page.
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 (however, see
the Notes).
Page 1 of 4 Pages
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SCHEDULE 13D
CUSIP No. 693651101
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lionheart Group, Inc.
13-3790-376
2 Check the Appropriate Box If a Member of a Group*
a. |_|
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
7 Sole Voting Power
Number of 535,300
Shares
Beneficially 8 Shared Voting Power
Owned By 0
Each
Reporting 9 Sole Dispositive Power
Person 535,300
With
10 Shared Dispositive Power
0
11 Aggregate Amount Beneficially Owned by Each Reporting Person
535,300
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares*
|_|
13 Percent of Class Represented By Amount in Row (11)
7.6%
14 Type of Reporting Person*
IA
Page 2 of 4 Pages
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This Amendment No. 1 to the original statement of beneficial
ownership on Schedule 13D filed by the Reporting Person on September 24, 1998
has been prepared to report the purchase by the Reporting Person of additional
shares of the Issuer. Defined terms used herein that are not otherwise defined
herein have the meanings ascribed to them in the Reporting Person's original
Schedule 13D filing.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby supplemented as follows:
All of the $637,193.38 used to make the purchase of the 87,300
additional Shares acquired by the Reporting Person came from the working
capital of the investment funds and managed accounts directed by the Reporting
Person.
Item 5. Interest in Securities of the Issuer
Items 5(a), 5(b) and 5(c) are hereby amended as follows:
(a) This statement on Schedule 13D relates to 535,300 shares of Common
Stock deemed beneficially owned by the Reporting Person, which
constitute approximately 7.6% of the issued and outstanding shares of
Common Stock.
(b) The Reporting Person has sole voting and dispositive power with
respect to 535,300 shares of Common Stock.
(c) Within the past sixty days, accounts managed by the Reporting Person
purchased and sold shares of Common Stock on the dates, in the
amounts and at the prices set forth on Schedule A annexed hereto and
incorporated by reference herein. All of such purchases were made on
the open market (NASDAQ).
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.
Dated: March 4, 1999
LIONHEART GROUP, INC.
By: /s/ C. Duncan Soukup
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C. Duncan Soukup, President
Page 3 of 4 Pages
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SCHEDULE A
Transactions in Shares of Common Stock
Within the Past Sixty Days
DATE BUY/SELL TOTAL COST
12/28/98 Buy 400 $7.375
12/29/98 Buy 3,500 $7.9375
12/30/98 Buy 2,500 $8.00
12/31/98 Buy 4,500 7.9375
01/05/99 Buy 2,000 $7.0625
01/06/99 Buy 4,400 $7.0625
01/20/99 Buy 5,000 $7.5625
01/22/99 Buy 1,500 $7.5625
01/29/99 Buy 1,300 $7.7596
02/03/99 Buy 11,000 $7.0625
02/16/99 Buy 2,000 $6.9375
02/17/99 Buy 400 $7.0625
02/22/99 Buy 1,500 $5.8125
02/24/99 Buy 2,000 $7.0000
02/25/99 Buy 3,600 $7.7118
02/26/99 Buy 9,200 $7.9096
03/01/99 Buy 9,500 $7.0625
Page 4 of 4 Pages
