UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4 )
PVC CONTAINER CORP.
--------------------------------------------------------------------------------
(Name of issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of class of securities)
693651101
--------------------------------------------------------------------------------
(CUSIP number)
Steven Wolosky, Esq.
Olshan Grundman Frome Rosenzweig & Wolosky LLP
505 Park Avenue, New York, New York 10022
(212) 753-7200
--------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive notices and
communications)
May 31, 2000
--------------------------------------------------------------------------------
(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(e), 13d-1(f) or 13d-1(g), check the following box
/ /.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
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, as amended, (the "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>
------------------------------------- -----------------------------
CUSIP No.693651101 13D Page 2 of 6
------------------------------------- -----------------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Lionheart Group, Inc.
13-3790-376
--------------------------------------------------------------------------------
2. (a) / /
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(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
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 608,100
SHARES ----------------------------------------------------------
BENEFICIALLY
OWNED BY 8. SHARED VOTING POWER
EACH 0
REPORTING ----------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH 608,100
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
608,100
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.63%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------- -----------------------------
CUSIP No.693651101 13D Page 3 of 6
------------------------------------- -----------------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Charles Duncan Soukup
--------------------------------------------------------------------------------
2. (a) / /
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(b) /X/
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 7,000
SHARES -------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 7,000
WITH -------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.10%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------------- -----------------------------
CUSIP No.693651101 13D Page 4 of 6
------------------------------------- -----------------------------
STATEMENT ON SCHEDULE 13D
The following constitutes Amendment No. 4 to the Schedule 13D filed by
Lionheart Group, Inc. ("Lionheart") and Charles Duncan Soukup. The Schedule 13D,
as amended, filed by Lionheart and Mr. Soukup is collectively referred to as
"Schedule 13D." Except as specifically amended by this Amendment No. 4, the
Schedule 13D remains in full force and effect.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended as follows:
The aggregate purchase price of the 608,100 shares of Common Stock
beneficially held by Lionheart is $3,408,926. All of the shares of Common Stock
beneficially held by Lionheart were purchased with the working capital of the
investment funds and managed accounts for whose accounts such shares were
purchased. The aggregate purchase price of the 7,000 shares of Common Stock
beneficially held by Mr. Soukup is $34,580. All of the shares of Common Stock
beneficially held by Mr. Soukup were purchased through his IRA accounts whose
investments decisions are controlled by him.
Item 5. Interest in Securities of the Issuer.
Item 5(a), (b) and (c) are amended as follows:
Item 5(a) The aggregate percentage of shares of Common Stock reported
owned by each person named herein is based upon 7,044,655 shares of Common Stock
outstanding as of March 31, 2000 as reported in the Issuer's Quarterly Report
for the quarter ended March 31, 2000 on Form 10-Q filed with the Securities and
Exchange Commission on May 15, 2000.
As of the close of business on May 31, 2000, Lionheart
beneficially owns 608,100 shares of Common Stock, constituting approximately
8.63% of the shares of Common Stock outstanding and Charles Duncan Soukup
beneficially owns 7,000 shares of Common Stock constituting approximately 0.10%
of the shares of Common Stock outstanding.
Item 5(b) Lionheart has sole voting and dispositive power with respect
to 608,100 shares of Common Stock. Mr. Soukup has sole and dispositive power
with respect to 7,000 shares of Common Stock.
Item 5(c) Transactions in the Past 60 Days.
In the 60 days prior to the date of the filing of this Statement, the
Reporting Persons effected no transactions in the Common Stock other than those
set forth in the following table:
<PAGE>
------------------------------------- -----------------------------
CUSIP No.693651101 13D Page 5 of 6
------------------------------------- -----------------------------
Buy or No. of Price
Date Filing Party Sell Shares (US$)
---- ------------ ---- ------ -----
4/7/00 Lionheart Buy 9,000 4.75
4/17/00 Lionheart Buy 10,000 4.56
4/18/00 Lionheart Buy 8,400 4.38
5/16/00 Lionheart Buy 5,000 4.00
5/25/00 Lionheart Buy 7,200 4.05
5/31/00 Lionheart Buy 32,000 4.06
The above transactions were effected in the open market.
[The remainder of this page was intentionally left blank.]
<PAGE>
------------------------------------- -----------------------------
CUSIP No.693651101 13D Page 6 of 6
------------------------------------- -----------------------------
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: June 5, 2000
LIONHEART GROUP, INC.
By: /s/ C. Duncan Soukup
------------------------
Name: C. Duncan Soukup
Title: President
Executed on behalf of the
parties hereto pursuant to
the Joint Filing Agreement
filed herewith.
