<PAGE>
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934, as amended
(Amendment No.1)
------------------
Greyhound Lines, Inc.
(Name of Issuer)
------------------
Common Stock, $.01 par value 398048108
(Title of class of securities) (CUSIP number)
Gary K. Duberstein, Esq.
Greenway Partners, L.P.
277 Park Avenue, 27th Floor
New York, New York 10172
(212) 350-5100
(Name, address and telephone number of person authorized
to receive notices and communications)
- with copies to -
Clifford E. Neimeth, Esq.
Greenberg Traurig
Met Life Building
200 Park Avenue
New York, New York 10166
(212) 801-9200
November 23, 1998
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss. 240.13d-7 for other
parties to whom copies are to be sent.
Page 1 of 17 pages
(Continued on following pages)
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<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 2 of 16 Pages
- -------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON: GREENWAY PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3714238
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,000,200
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 1,000,200
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,000,200
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES:
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 1.7%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- -------------------------------------------------------------------------------
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 3 of 16 Pages
- -------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON: GREENTREE PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3752875
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 300,000
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 300,000
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 300,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES:
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 0.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- -------------------------------------------------------------------------------
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 4 of 16 Pages
- -------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON: GREENHOUSE PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3793447
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, AF, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 1,000,200
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,000,200
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,000,200
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 1.7%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
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</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 5 of 16 Pages
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<S> <C> <C>
1 NAME OF REPORTING PERSON: GREENHUT, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3793450
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, AF, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 300,000
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 300,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 300,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 0.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
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</TABLE>
5
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 6 of 16 Pages
- -------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON: GREENBELT CORP.
S.S. OR I.R.S. IDENTIFICATION NO. OF 13-3791931
ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ]
OF A GROUP: (b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEM 2(d) of 2(e):
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,018,500
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 2,018,500
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,018,500
REPORTING PERSON:
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES: [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT 3.4%
IN ROW 11:
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 7 of 16 Pages
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<S> <C> <C>
1 NAME OF REPORTING PERSON: GREENSEA OFFSHORE,
S.S. OR I.R.S. IDENTIFICATION NO. OF L.P.
ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ]
OF A GROUP: (b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEM 2(d) of 2(e):
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: Cayman Islands
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,022,900
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 1,022,900
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,022,900
REPORTING PERSON:
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES: [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT 1.7%
IN ROW 11:
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
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</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 8 of 16 Pages
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<S> <C> <C>
1 NAME OF REPORTING PERSON: GREENHUT OVERSEAS,
S.S. OR I.R.S. IDENTIFICATION NO. OF L.L.C.
ABOVE PERSON: 13-3868906
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ]
OF A GROUP: (b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, AF, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEM 2(d) of 2(e):
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 1,022,900
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,022,900
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,022,900
REPORTING PERSON:
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES: [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT 1.7%
IN ROW 11:
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- -------------------------------------------------------------------------------
</TABLE>
8
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 9 of 16 Pages
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<S> <C> <C>
1 NAME OF REPORTING PERSON: ALFRED D. KINGSLEY
S.S. OR I.R.S. IDENTIFICATION NO. OF
ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ]
OF A GROUP: (b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, AF, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEM 2(d) of 2(e):
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 20,100
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 4,341,600
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 20,100
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 4,341,600
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 4,361,700
REPORTING PERSON:
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES: [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT 7.3%
IN ROW 11:
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
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</TABLE>
9
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 398048108 13D Page 10 of 16 Pages
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<S> <C> <C>
1 NAME OF REPORTING PERSON: GARY K. DUBERSTEIN
S.S. OR I.R.S. IDENTIFICATION NO. OF
ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ]
OF A GROUP: (b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, AF, OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEM 2(d) of 2(e):
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF INCORPORATION: United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: 4,341,600
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: 4,341,600
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 4,341,600
REPORTING PERSON:
- -------------------------------------------------------------------------------
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES: [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT 7.2%
IN ROW 11:
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- -------------------------------------------------------------------------------
</TABLE>
10
<PAGE>
This Amendment No. 1 ("Amendment No. 1") amends the Statement on Schedule 13D
(the "Schedule 13D") filed with the Commission on September 7, 1998 by and on
behalf of Greenway, Greentree, Greenhouse, Greenhut, Greenbelt, Greensea,
Greenhut Overseas and Messrs. Alfred D. Kingsley and Gary K. Duberstein
(collectively, the "Reporting Persons"). All capitalized terms used and not
defined in this Amendment No. 1 have the respective meanings assigned to them
in the Schedule 13D.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Since the filing with the Commission of the Schedule 13D, Greenway
purchased an aggregate of 256,600 Shares for total consideration (including
brokerage commissions) of $1,488,594 derived from the capital of Greenway
and margin indebtedness from Bear, Stearns & Co. Inc. ("Bear, Stearns"),
Daiwa Securities America Inc. ("Daiwa") and Salomon Smith Barney.
Since the filing with the Commission of the Schedule 13D, Greentree
purchased an aggregate of 66,800 shares for total consideration (including
brokerage commissions) of $400,620 derived from the capital of Greentree
and margin indebtedness from Bear, Stearns.
Since the filing with the Commission of the Schedule 13D, Greensea
purchased an aggregate of 555,100 Shares for total consideration (including
brokerage commissions) of $3,157,739 derived from the capital of Greensea
and margin indebtedness from Bear, Stearns.
Since the filing with the Commission of the Schedule 13D, accounts
managed by Greenbelt purchased an aggregate of 312,800 Shares for total
consideration (including brokerage commissions) of $2,388,160 derived
entirely from the capital in such managed accounts.
ITEM 4. PURPOSE OF THE TRANSACTION
The Reporting Persons have reviewed the terms of the proposed
acquisition of the Company by Laidlaw Inc. pursuant to a merger in which
holders of Shares would receive $6.50 per Share as set forth in a preliminary
proxy statement filed with the Commission by the Company. In the opinion of
the Reporting Persons, the $6.50 price per Share is inadequate, and the
Reporting Persons presently intend to vote against the adoption of the
proposed merger agreement. The Reporting Persons further intend to urge
other shareholders of the Company to vote against adoption of the proposed
merger agreement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date of this Amendment No. 1, the Reporting Persons
beneficially owned in the aggregate 4,361,700 Shares, constituting 7.3% of
the outstanding Shares (such percentage having been calculated based upon the
60,128,175 Shares reportedly outstanding on November 6, 1998, as set forth in
the Company's Quarterly Report on Form 10-Q for its fiscal quarter ended
September 30, 1998). The Reporting Persons may be deemed to have direct
beneficial ownership of Shares as follows:
11
<PAGE>
NAME NUMBER OF SHARES
---- ----------------
Greenway 1,000,200
Greentree 300,000
Greenbelt 2,018,500
Greensea 1,022,900
Alfred D. Kingsley 20,100
Greenhouse, as the general partner of Greenway, may be deemed to own
"beneficially" (as such term is defined in Rule 13d-3 under the Securities
Exchange Act of 1934, as amended (the "Exchange Act")) Shares in respect of
which Greenway may be deemed to possess direct beneficial ownership. Each of
Messrs. Kingsley and Duberstein, as general partners of Greenhouse, may be
deemed to own beneficially Shares which Greenhouse may be deemed to own
beneficially. Each of Messrs. Kingsley and Duberstein hereby disclaims,
pursuant to Rule 13d-4 under the Exchange Act, beneficial ownership of such
Shares for all other purposes.
Greenhut, as the general partner of Greentree, may be deemed to own
beneficially Shares in respect of which Greentree may be deemed to possess
direct beneficial ownership. Each of Messrs. Kingsley and Duberstein, as
members of Greenhut, may be deemed to own beneficially Shares which Greenhut
may be deemed to own beneficially. Each of Messrs. Kingsley and Duberstein
hereby disclaims, pursuant to Rule 13d-4 under the Exchange Act, beneficial
ownership of such Shares for all other purposes.
Greenhut Overseas, as the investment general partner of Greensea, may
be deemed to own beneficially Shares in respect of which Greensea may be
deemed to possess direct beneficial ownership. Each of Messrs. Kingsley and
Duberstein, as members of Greenhut Overseas, may be deemed to own
beneficially Shares which Greenhut Overseas may be deemed to own
beneficially. Each of Messrs. Kingsley and Duberstein hereby disclaims,
pursuant to Rule 13d-4 under the Exchange Act, beneficial ownership of such
Shares for all other purposes.
Greenbelt has direct beneficial ownership of the Shares in the
accounts which it manages. In addition, Greenbelt is the investment advisor
for Greenland. In such capacity, Greenbelt has the right to vote and direct
the disposition of the 350,000 Shares held by Greenland and, consequently,
has direct beneficial ownership of such Shares. Each of Messrs. Kingsley and
Duberstein, as executive officers and directors of Greenbelt, may be deemed
to own beneficially Shares which Greenbelt owns beneficially. Each of
Messrs. Kingsley and Duberstein hereby disclaims, pursuant to Rule 13d-4
under the Exchange Act, beneficial ownership of such Shares for all other
purposes. In October 1998, Greenland redeemed the entire equity interest
owned by SIPL in Greenland.
(b) Greenway has the sole power to vote or direct the vote of
1,000,200 Shares and the sole power to dispose or to direct the disposition
of such Shares. Greenhouse and Messrs. Kingsley and Duberstein may be deemed
to share with Greenway the power to vote or to direct the vote and to dispose
or to direct the disposition of such Shares.
12
<PAGE>
Greentree has the sole power to vote or direct the vote of 300,000
Shares and the sole power to dispose or direct the disposition of such
Shares. Greenhut and Messrs. Kingsley and Duberstein may be deemed to share
with Greentree the power to vote or to direct the vote and to dispose or to
direct the disposition of such Shares.
Greensea has the sole power to vote or direct the vote of 1,022,900
Shares and the sole power to dispose or direct the disposition of such
Shares. Greenhut Overseas and Messrs. Kingsley and Duberstein may be deemed
to share with Greensea the power to vote or to direct the vote and to dispose
or to direct the disposition of such Shares.
Greenbelt has the sole power to vote or direct the vote of 2,018,500
Shares and the sole power to dispose or direct the disposition of such
Shares. Messrs. Kingsley and Duberstein may be deemed to share with
Greenbelt the power to vote or to direct the vote and to dispose or to
direct the disposition of such Shares.
(c) Information concerning transactions in the Shares by the
Reporting Persons during the preceding 60 days is set forth in Exhibit D
attached hereto and incorporated herein by reference.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from or the proceeds from the sale
of the Shares, except that the dividends from or proceeds from the sale of
Shares in each respective account managed by Greenbelt will be delivered into
each such respective account. No such individual managed account has an
interest in more than 5% of the class of outstanding Shares.
(e) Not applicable.
13
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following Exhibit is filed herewith:
D. Information concerning transactions in the Shares effected by
the Reporting Persons in the preceding 60 days.
14
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information contained in this Statement is
true, complete and correct.
Dated: November 24, 1998
GREENHOUSE PARTNERS, L.P. GREENWAY PARTNERS, L.P.
By: Greenhouse Partners, L.P., its
general partner
By: /s/ Gary K. Duberstein
--------------------------
Gary K. Duberstein, general By: /s/ Gary K. Duberstein
-------------------------------
partner Gary K. Duberstein, general
partner
GREENHUT, L.L.C. GREENTREE PARTNERS, L.P.
By: Greenhut, L.L.C., its general
partner
By: /s/ Gary K. Duberstein
--------------------------
Gary K. Duberstein, Member By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein, Member
GREENHUT OVERSEAS, L.L.C. GREENSEA OFFSHORE, L.P.
By: Greenhut Overseas, L.L.C., its
investment general partner
By: /s/ Gary K. Duberstein
--------------------------
Gary K. Duberstein, Member
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein, Member
GREENBELT CORP.
By: /s/ Alfred D. Kingsley
-------------------------------
Alfred D. Kingsley, President
/s/ Alfred D. Kingsley
-------------------------------
Alfred D. Kingsley, individual
/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein, individual
15
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
D. Information concerning transactions in the Shares effected by
the Reporting persons in the last sixty days.
16
<PAGE>
Exhibit D
TRANSACTIONS IN SHARES OF THE COMPANY
The Reporting Persons engaged in the following transactions in Shares
during the preceding 60 days or since the filing of the Schedule 13D, whichever
is less. Other than the sale on October 27, 1998 by Greenbelt of 100,000 Shares
effected on the American Stock Exchange at a price per share of $5.6875, all
transactions involved purchases of Shares on the American Stock Exchange,
Pacific Stock Exchange and Chicago Stock Exchange ("Midwest"), respectively,
or in the over-the-counter market.
Reporting Person Price per Share
with Direct Beneficial Date of Number (Excluding Securities
Ownership Transaction of Shares Commissions) Exchange
- ---------------------- ----------- --------- --------------- ----------
Greenway 09/29/98 22,300 4.1250 American
Greenway 11/05/98 5,500 5.7500 Pacific
Greensea 11/10/98 64,800 6.0000 American
Greensea 11/11/98 23,500 5.9375 Midwest
Greensea 11/11/98 2,000 5.6875 Pacific
Greensea 11/11/98 4,400 5.9375 American
Greenway 11/12/98 15,000 5.9375 Midwest
Greenway 11/12/98 5,000 5.9375 Pacific
Greenway 11/12/98 6,400 5.9375 American
Greensea 11/13/98 5,500 5.9375 American
Greensea 11/13/98 10,000 5.9375 Midwest
Greensea 11/16/98 129,800 5.9934 American
Greenbelt 11/16/98 99,300 5.9934 American
Greenway 11/16/98 29,700 5.9934 Midwest
Greenway 11/16/98 3,000 5.9934 Pacific
Greenway 11/16/98 26,000 5.9934 American
Greenway 11/17/98 500 5.9375 Pacific
Greenway 11/17/98 13,900 5.9375 Midwest
Greenway 11/17/98 2,900 5.9375 American
Greenway 11/18/98 7,500 5.9863 American
Greenway 11/18/98 10,400 5.9863 Pacific
Greenway 11/18/98 17,700 5.9863 Midwest
Greenway 11/19/98 5,200 5.9375 Midwest
Greenway 11/19/98 4,200 5.9375 American
Greenway 11/19/98 1,200 5.9375 Pacific
Greenway 11/20/98 24,400 5.9375 Midwest
Greenway 11/20/98 10,500 5.9375 American
Greenway 11/20/98 8,700 5.9375 Pacific
Greenway 11/23/98 34,400 5.9375 Third Market
Greenbelt 11/23/98 100,000 5.9375 American
Greentree 11/23/98 66,800 5.9849 American
Greensea 11/23/98 8,000 5.9849 Pacific
Greensea 11/23/98 14,100 5.9849 Midwest
Greensea 11/23/98 107,800 5.9849 American
Greenbelt 11/24/98 168,500 5.9375 American
Greensea 11/24/98 35,000 5.9375 American
Greensea 11/24/98 28,000 5.9375 Pacific
Greensea 11/24/98 30,000 5.9375 Midwest
