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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. N/A)
The Bibb Company
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
088667-10-0
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(CUSIP Number)
Buford H. Ortale
104 Woodmont Boulevard, Ste. 200
Nashville, TN 37205
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 31, 1997
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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(b)(3) or (4), check the following box. [ ]
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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
disclosures 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).
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CUSIP No. 088667-10-0 SCHEDULE 13D
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(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Buford H. Ortale (SSN: ###-##-####)
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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) SOURCE OF FUNDS
00,WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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(6) Citizenship or Place of Organization
USA
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(7) Sole Voting Power
Number of
1,016,160 (See Item 5)
Shares --------------------------------------------------------
(8) Shared Voting Power
Beneficially
Owned by --------------------------------------------------------
(9) Sole Dispositive Power
Each
1,016,160 (See Item 5)
Reporting --------------------------------------------------------
(10) Shared Dispositive Power
Person With
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,016,160 (See Item 5)
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row 9
10.1%
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(14) Type of Reporting Person
IN
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ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to the common stock, par value $.01 per share
(the "Common Stock"), of The Bibb Company, a Delaware corporation (the
"Company"). The principal executive offices of the Company are located at 100
Galleria Parkway, 17th Floor, Atlanta, Georgia 30339.
ITEM 2. IDENTITY AND BACKGROUND.
(a) The reporting person is Buford H. Ortale ("Ortale").
(b) The principal business address of Ortale is 104 Woodmont
Boulevard, Suite 200, Nashville, Tennessee 37205.
(c) Ortale's principal business is private investment.
(d) and (e) During the last five years, Ortale has not been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors) nor was a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree, or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
(f) Ortale is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS.
On July 31, 1997, September 15, 1997 and November 4, 1997, Ortale
purchased 50,000, 50,000 and 25,000 shares of Common Stock, at per
share prices of $7.05, $7.40 and $7.00, respectively. On September 23,
1997 and September 24, 1997, Sewanee Partners, II, L.P. (the
"Partnership"), an investment partnership the general partner of which
is an entity controlled by Ortale, purchased 17,000 and 75,367 shares
of Common Stock, respectively, at $7.50 per share. On November 22, 1997
and November 14, 1997 the Ortale Family Foundation (the "Foundation"),
for which Mr. Ortale serves as trustee, purchased 10,000 shares and
5,000 shares of Common Stock, at $7.88 and $7.00 per share,
respectively. On November 18, 1997, Ortale acquired 3,000 shares of
Common Stock at a per share price of $6.75 as custodian for his minor
children. The source of funds for such purchases were personal funds in
the case of Ortale (for himself and his minor children) and working
capital in the case of the Partnership and the Foundation.
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ITEM 4. PURPOSE OF TRANSACTION.
The Common Stock presently beneficially owned by Ortale was acquired
for investment purposes. From time to time, Ortale may acquire additional shares
of Common Stock or dispose of shares of Common Stock in the open market, in
privately negotiated transactions, or otherwise. Ortale has no present plans or
proposals that would result in or relate to any of the transactions described in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
(a) and (b) The shares beneficially owned by Ortale are set forth in
the table below.
<TABLE>
<CAPTION>
Shared
Sole Voting Voting
Power and Power and
% of Power to Power to
Total Shares Beneficially Owned(1) Class(2) Dispose Dispose
---------------------------------- -------- ------- -------
<S> <C> <C> <C>
1,016,160 10.1% 1,016,160 0
</TABLE>
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(1) Within the meaning of Rule 13d-3, as amended.
(2) As computed pursuant to Rule 13d-3(d)(1)(i) and based on
10,061,576 shares of Common Stock of the Company outstanding.
(c) Except as reported herein, Ortale has not purchased or sold any
shares of Common Stock during the past 60 days.
Paragraphs (d) and (e) of Item 5 are inapplicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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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.
/s/ BUFORD H. ORTALE
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Buford H. Ortale
Date: November 19, 1997
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