SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Amendment No. 2
Under the Securities Exchange Act of 1934
Brookstone, Inc.
(Name of Issuer)
Common Stock, Par Value $.001
(Title of Class of Securities)
114537103
(CUSIP Number)
Arthur Goetchius
300 Park Avenue, 21st Fl., New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
January 21, 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 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 [ ].
Check the following box if a fee is being paid with the statement [].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes 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 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
________________________________________________________________________
(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 ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
135,700
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
135,700
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
135,700
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.72%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
00
________________________________________________________________________
(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
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES
_______________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
352,137
OWNED BY
_______________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
_______________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
353,137
_______________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
353,137
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES **[ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.49%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev Partners, L.P.
________________________________________________________________________
(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 ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
52,450
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
52,450
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
52,450
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
67%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Partners, L.P.
________________________________________________________________________
(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 ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
38,513
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
38,513
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
38,513
_______________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.49%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
578,800
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
579,800
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
-0-
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.37%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
_______________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
578,800
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
579,800
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
579,800
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES **[ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.37%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0- SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
578,800
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
579,800
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
579,800
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.37%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0- SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
584,200
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
591,900
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
591,900
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.52%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0- SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
578,800
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0- REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
579,800
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
579,800
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.37%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 19 Pages
13D
CUSIP No. 114537103
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William D. Lautman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO
________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0- SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
578,800
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
579,800
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
579,800
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.37%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
Page 11 of 19 Pages
The initial Schedule 13D (the "Schedule 13D"), of (i) EGS Associates, L.P., a
Delaware limited partnership ("EGS Associates"), (ii) EGS Partners, L.L.C., a
Delaware limited liability company ("EGS Partners"), (iii) Bev Partners, L.P.,
a Delaware limited partnership ("Bev Partners"), (iv) Jonas Partners, L.P., a
Delaware limited partnership ("Jonas Partners"), (v) William Ehrman, (vi)
Frederic Greenberg, (vii) Frederick Ketcher, (viii) Jonas Gerstl, and (ix)
James McLaren, relating to the common stock, $.001 par value (the "Common
Stock") issued by Brookstone, Inc., a Delaware corporation (the "Company"), is
hereby amended by this Amendment No. 2 as follows:
Item 2 is hereby supplemented by addition of the following:
ITEM 2 IDENTITY AND BACKGROUND.
William D. Lautman became a General Partner of EGS Associates, EGS Partners
and Bev Partners on September 18, 1997 and therefore is included as a
Reporting Person with respect to shares of Common Stock held by EGS
Associates, EGS Partners and Bev Partners. Mr. Lautman is hereinafter
sometimes referred to as a Reporting Person.
The address of the principal business office of Mr. Lautman is 300 Park
Avenue, 21st Floor, New York, New York 10022.
The present principal occupation of Mr. Lautman is General Partner of EGS
Associates, EGS Partners and Bev Partners. In addition, Mr. Lautman is a
director of EGS Securities Corp., an affiliated company whose principal
business is that of a registered broker-dealer. Mr. Lautman has not, during
the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
Mr. Lautman has not, during the past five years, been 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. Mr. Lautman is a United States citizen.
Item 3 is hereby amended and restated in its entirety as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The net investment cost (including commissions, if any) of the shares
of Common Stock beneficially owned by EGS Associates, EGS Partners, Bev
Partners, and Jonas Partners is approximately $1,381,887, $3,268,250,
$500,131, and $387,592, respectively.
The net investment cost (excluding commissions, if any) of the shares
of Common Stock owned directly by Mr. Gerstl and his wife (including shares
held in trust for his children) is approximately $138,341.
Messrs. Ehrman, Greenberg, Ketcher, McLaren and Lautman currently own
no shares of Common Stock.
Page 12 of 19 Pages
The shares of Common Stock purchased by each of EGS Associates, Bev
Partners, and Jonas Partners were purchased with the investment capital of the
respective entities. The shares of Common Stock purchased by EGS Partners
were purchased with the investment capital of discretionary accounts under its
management. The shares of Common Stock purchased by Mr. Gerstl were purchased
with personal funds.
The shares of Common Stock beneficially owned by EGS Associates, EGS
Partners, Bev Partners, and Jonas Partners are held in their respective
commingled margin accounts, or in the case of EGS Partners, in margin and non-
margin accounts held by each discretionary account under its management. Such
margin accounts are maintained at NationsBanc Montgomery, and may from time to
time have debit balances. Since other securities are held in such margin
accounts, it is not possible to determine the amounts, if any, of margin used
with respect to the shares of Common Stock purchased. Non-margin accounts are
maintained at Bankers Trust Company. The shares owned by Mr. Gerstl are held
in accounts maintained at BT Alex Brown Inc. or are beneficially owned by
members of his immediate family. Currently, the interest rate charged on such
various margin accounts is approximately 8.5% per annum.
Item 5 is hereby amended and restated in its entirety as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The approximate aggregate percentage of shares of Common Stock
reported beneficially owned by each person herein is based on 7,867,634 shares
outstanding, which is the total number of shares of Common Stock outstanding
as of December 11, 1997, as reflected in the companys quarterly report on
Form 10-Q filed with the Securities and Exchange Commission (the Commission)
for the quarter ended November 1, 1997.
As of the close of business on January 22, 1998:
(i) EGS Associates owns beneficially 135,700 shares of Common
Stock, constituting approximately 1.72% of the shares outstanding.
(ii) EGS Partners owns directly no shares of Common Stock. By
reason of the provisions of Rule 13D-3 of the Securities Exchange Act of 1934,
as amended (the Act), EGS Partners may be deemed to own beneficially 353,137
shares, constituting approximately 4.49% of the shares outstanding, purchased
for discretionary accounts managed by it.
(iii) Bev Partners owns beneficially 52,450 shares of Common
Stock, constituting less than 1% of the shares outstanding.
(iv) Jonas Partners owns 38,513 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(v) Mr. Gerstl owns beneficially through ownership by himself
and his wife (including shares held in trust for their children), 12,100
shares of Common Stock, constituting less than 1% of the shares outstanding.
Page 13 of 19 Pages
(vi) Messrs. Ehrman, Ketcher, Greenberg, McLaren and Lautman own
directly no shares of Common Stock. By reason of the provisions of Rule 13D-3
of the Act, each of the General Partners may be deemed to own the 135,700
shares beneficially owned by EGS Associates, the 353,137 shares beneficially
owned by EGS Partners, the 52,450 shares beneficially owned by Bev Partners,
and the 38,513 shares beneficially owned by Jonas Partners. When the shares
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas
Partners are aggregated, they total 579,800 shares of Common Stock,
constituting approximately 7.37% of the shares outstanding.
(vii) In the aggregate, the Reporting Persons beneficially own a
total of 591,900 shares of Common Stock, constituting approximately 7.52% of
the shares outstanding.
(b) (i) Each of EGS Associates, EGS Partners, Bev Partners,
and Jonas Partners has the power to vote all of the shares of Common Stock,
except for 1,000 shares held by one of the discretionary accounts, and to
dispose of all of the shares of Common Stock beneficially owned by it, which
power may be exercised by the General Partners. Each of the discretionary
accounts is a party to an investment management agreement with EGS Partners
pursuant to which EGS Partners has investment authority with respect to
securities held in such account.
(ii) Mr. Gerstl has no power to vote and shared power to
dispose of shares owned by his wife in trust for their children and Mr. Gerstl
has the shared power to vote and dispose of the shares owned directly by him
and his wife in joint accounts.
(c) The trading dates, number of shares of Common Stock
purchased or sold and price per share for all transactions in the Common Stock
from the 60th day prior to January 22, 1998 until January 22, 1998 by EGS
Associates, EGS Partners, Bev Partners and Jonas Partners are set forth in
Schedule A, B, C and D, respectively, and were all effected in the over-the-
counter market. During such period, Messrs. Ehrman, Greenberg, Ketcher,
Gerstl, McLaren, and Lautman did not enter into any transactions in the Common
Stock.
(d) No person other than each respective record owner of shares
of Common Stock referred to herein is known to have the right to receive or
the power to direct the receipt of dividends from or the proceeds of sale of
such shares of Common Stock.
Page 14 of 19 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: ________________________ /s/ WILLIAM EHRMAN
William Ehrman, individually and as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and
as a member of EGS PARTNERS, L.L.C.
/s/ FREDERIC GREENBERG
Frederic Greenberg, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
/s/ FREDERICK KETCHER
Frederick Ketcher, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
/s/ JONAS GERSTL
Jonas Gerstl, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
/s/ JAMES MCLAREN
James McLaren, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
/s/ WILLIAM D. LAUTMAN
William D. Lautman, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P. and as a member of
EGS PARTNERS, L.L.C.
Page 15 of 19 Pages
Schedule A
EGS Associates, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions,
if any)
_______________________________________________________________________
12/29/97 3,000 $11.13
12/30/97 11,500 $11.56
12/31/97 13,000 $11.77
1/14/98 10,000 $11.56
1/16/98 4,000 $11.63
1/21/98 7,700 $11.13
Page 16 of 19 Pages
Schedule B
EGS Partners, L.L.C.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions,
if any)
________________________________________________________________________
12/18/97 5,000 $10.75
12/23/97 3,000 $10.81
12/26/97 6,000 $11.06
12/31/97 7,000 $11.77
1/21/98 25,000 $11.13
Page 17 of 19 Pages
Schedule C
Bev Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions,
if any)
_______________________________________________________________________
1/21/98 6,000 $11.13
Page 18 of 19 Pages
Schedule D
Jonas Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions,
if any)
________________________________________________________________________
12/30/97 3,000 $11.56
12/31/97 3,000 $11.77
1/14/97 2,500 $11.50
1/15/98 1,000 $11.69
1/16/98 1,000 $11.63
1/21/98 3,000 $11.13
Page 19 of 19 Pages
