<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Builders Warehouse Association, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
119916401
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(CUSIP Number)
William Shimanek, 440 S. LaSalle Street, Suite 1900, Chicago, Illinois 60605,
(312) 362-4774
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
September 23, 1996
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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 .
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 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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SCHEDULE 13D
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CUSIP No. 119916401 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eligrant, Inc.
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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*
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
IL
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7 SOLE VOTING POWER
NUMBER OF 404,135
SHARES -------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 404,135
WITH -------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,135
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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 (11)
8.21%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
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CUSIP No. 119916401 Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Daniel Asher
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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*
WC (see item 3)
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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 404,135
SHARES ---------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ---------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 404,135
WITH ---------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,135
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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 (11)
8.21%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
ITEM 3. SOURCE AND AMOUNT OF FUNDS
From September 12, 1996 through September 23, 1996, Eligrant, Inc.
("Eligrant") acquired 155,596 shares of common stock (the "Common Stock") of
Builders Warehouse Association, Inc. (the "Issuer") in a series of
transactions. The source of capital for all acquisitions of the Issuer's
Common Stock was Eligrant's working capital. The price for such shares ranged
between $8 1/4 and $9 7/8.
For purposes of this report on Schedule 13D/A only, all of the shares of
the Issuer's Common Stock acquired by Eligrant (404,135 shares of which are
owned by Eligrant as of September 23, 1996) are attributed to Mr. Asher.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b): Set forth in the table below are the number and percentage
of Common Stock of the Issuer beneficially owned, as well as the nature of the
ownership, for each of Eligrant and Mr. Asher (collectively, the "Reporting
Persons") as of the date hereof:
<TABLE>
<CAPTION>
Number of Shares
Number of Shares Number of Shares Number of Shares Beneficially Percentage of
Beneficially Beneficially Owned Beneficially Owned with Aggregate Number Shares
Owned With Sole With Shared Voting Owned with Sole Shared of Shares Beneficially
Name Voting Power Power Dispositive Power Dispositive Power Beneficially Owned Owned
---- ------------- ------ ----------------- ----------------- ------------------- -----------
<S> <C> <C> <C> <C> <C> <C>
Eligrant, Inc. 404,135 0 404,135 0 404,135 8.21%
Daniel Asher 404,135 0 404,135 0 404,135 8.21%
</TABLE>
(c): All transactions in shares of Common Stock effected by the Reporting
Persons during the 60 days preceding the Event Date reported on page 1 not
previously reported on Schedule 13D or an amendment thereto, and all
transactions in shares of Common Stock effected by Reporting Persons since that
date are set forth below. Unless otherwise noted, all such shares were
acquired through open market transactions.
A. Transactions of Eligrant, Inc.(1)
<TABLE>
<CAPTION>
Trade Date Number of Shares Price Per Share
- ---------- ---------------- ---------------
<S> <C> <C>
9/10/96 (500) $9 1/2
9/12/96 1000 $9
9/12/96 1000 $9 1/16
9/12/96 1000 $9 3/8
9/12/96 1000 $9 1/2
9/13/96 1000 $8 3/16
9/13/96 1000 $8 1/4
9/13/96 1000 $8 1/2
9/13/96 1000 $8 1/2
9/13/96 (1000) $8 5/8
9/13/96 (1000) $8 11/16
9/13/96 (1000) $8 3/4
9/13/96 (2000) $8 3/4
9/13/96 (1000) $8 3/4
9/16/96 (17) $8
9/16/96 (4700) $8
9/16/96 (1900) $8 1/8
9/16/96 (3100) $8 1/8
9/16/96 (2600) $8 1/8
9/16/96 (500) $8 1/8
9/16/96 (500) $8 1/4
9/16/96 (3100) $8 1/4
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(1) Amounts of shares that appear in parentheses represent shares sold.
</TABLE>
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<TABLE>
<CAPTION>
Trade Date Number of Shares Price Per Share
- ---------- ---------------- ---------------
<S> <C> <C>
9/16/96 (2400) $8 1/4
9/16/96 (500) $8 3/8
9/16/96 (500) $8 3/8
9/16/96 (2300) $8 3/8
9/16/96 (2100) $8 3/8
9/16/96 (1000) $8 3/8
9/16/96 (1000) $8 3/8
9/16/96 (1000) $8 1/2
9/17/96 (1900) $8 1/2
9/17/96 (100) $8 1/2
9/17/96 (2000) $9
9/18/96 4500 $9
9/18/96 (2200) $9
9/19/96 3000 $9 1/2
9/19/96 1000 $9 1/2
9/19/96 2000 $9 5/8
9/20/96 1000 $9 5/8
9/20/96 2000 $9 13/16
9/20/96 2000 $9 7/8
9/20/96 2000 $9 7/8
9/23/96 154136 $9 3/4
</TABLE>
B. Transactions of Mr. Asher
Mr. Asher has not acquired or sold any shares of Common Stock of the
Issuer in his individual capacity. However, Mr. Asher is the sole director and
sole shareholder of Eligrant. Therefore, for purposes of reporting on this
Schedule 13D/A, the shares of Common Stock owned by Eligrant are attributed to
Mr. Asher. Accordingly, the information set forth above for Eligrant is
applicable for Mr. Asher as well. For all other purposes, Mr. Asher disclaims
the beneficial ownership of the 404,135 shares of common stock of the Issuer
owned by Eligrant.
(d): Not applicable.
(e): Not applicable.
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SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: September 23, 1996 ELIGRANT, INC.
By: /s/ William Shimanek
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President
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: September 23, 1996 DANIEL ASHER
/s/ Daniel Asher
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