<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
FIBREBOARD CORPORATION
(Name of Issuer)
Common Stock, Par Value, $0.01 Per Share
(Title of Class of Securities)
315712109
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel McMillin & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 21, 1995
(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 13-d-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 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 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 9
66265<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 315712109 Page 2 of 9 Pages
- ------------------- ------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
The SC Fundamental Value Fund, L.P.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/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
Delaware
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
422,450
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
422,450
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
422,450
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.03%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 315712109 Page 3 of 9 Pages
- ------------------- ------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
SC Fundamental Value BVI, Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/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
Delaware
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
227,750
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
227,750
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
227,750
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.71%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 315712109 Page 4 of 9 Pages
- ------------------- ------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
SC Fundamental Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ------------------------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
422,450
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
422,450
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
422,450
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.03%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 315712109 Page 5 of 9 Pages
- ------------------- ------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Gary N. Siegler
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ------------------------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
650,200
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
650,200
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
650,200
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.74%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 315712109 Page 6 of 9 Pages
- ------------------- ------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Peter M. Collery
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ------------------------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
650,200
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
650,200
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
650,200
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.74%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
Page 7 of 9 Pages
AMENDMENT NO. 1
TO
SCHEDULE 13D
Item 3. Source and Amount of Funds of Other Consideration
The aggregate purchase prices of the shares of the Issuer's Common
Stock ("Shares") purchased by the Reporting Persons as reported in Item 5(c)
of this Schedule 13D were as follows:
Name of Aggregate
Reporting Person Purchase Price
Fund $ 1,286,571.40
BVI Inc. on behalf of BVI Ltd. $ 675,871.32
The Reporting Persons listed above purchased the Shares reported
herein as beneficially owned by them with working capital of Fund and BVI Ltd.
or with funds extended by brokerage firms in connection with margin
transactions effected for Fund and BVI Ltd.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on December 21, 1995, the Reporting
Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to
own beneficially in the aggregate the number and percentage of the Issuer's
Common Stock set forth opposite their names below (based upon the number of
Shares that were reported to be outstanding in the Issuer's Amendment to Form
10-Q dated November 17, 1995 for the quarter ended September 30, 1995).
<TABLE>
<CAPTION>
==============================================================================
Name Shares of Common Stock Percentage
- ------------------------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc. 422,450 5.03%
- ------------------------------------------------------------------------------
The SC Fundamental
Value Fund, L.P. 422,450 5.03%
- ------------------------------------------------------------------------------
SC Fundamental Value
BVI, Inc. 227,750 2.71%
- ------------------------------------------------------------------------------
Gary N. Siegler 650,200 2.71%
- ------------------------------------------------------------------------------
Peter M. Collery 650,200 7.74%
==============================================================================
FN
</TABLE>
<PAGE>
Page 8 of 9 Pages
(c) The following table sets forth the transactions effected by each
of the Reporting Persons listed in Item 5(a) during the past sixty days. Each
of the transactions set forth below reflects a purchase effected on the
American Stock Exchange.
<TABLE>
<CAPTION>
==============================================================================
BVI, Inc.
Price Per on behalf
Trade Date Share ($) Fund of BVI Ltd. Siegler Collery
- -----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
10/26/95 24.140 16,350 8,650 0 0
- ------------------------------------------------------------------------------
10/27/95 24.000 9,800 5,200 0 0
- ------------------------------------------------------------------------------
11/01/95 23.976 6,850 3,550 0 0
- ------------------------------------------------------------------------------
11/02/95 24.183 7,950 4,150 0 0
- ------------------------------------------------------------------------------
12/20/95 19.875 800 400 0 0
- ------------------------------------------------------------------------------
12/21/95 20.327 11,600 6,000 0 0
- -----------------------------------------------------------------------------
<FN>
</TABLE>
(e) Not applicable.
<PAGE>
<PAGE> Page 9 of 9
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: December 22, 1995
SC FUNDAMENTAL INC.
By: ___________________________
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL INC.
By: ___________________________
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President
SC FUNDAMENTAL VALUE BVI, INC.
By: ___________________________
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President
____________________________
Neil H. Koffler as Attorney-
in-Fact for Gary N. Siegler
____________________________
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
<PAGE>
<PAGE> Page 9 of 9
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: December 22, 1995
SC FUNDAMENTAL INC.
By: /s/ Neil H. Koffler
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL INC.
By: /s/ Neil H. Koffler
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President
SC FUNDAMENTAL VALUE BVI, INC.
By: /s/ Neil H. Koffler
- ------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President
/s/ Neil H. Koffler
- ------------------------------
Neil H. Koffler as Attorney-
in-Fact for Gary N. Siegler
/s/ Neil H. Koffler
- ------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
