WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)1
ROSE'S HOLDINGS, INC.
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(Name of issuer)
COMMON STOCK, NO PAR VALUE
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(Title of class of securities)
777764309
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(CUSIP number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
505 Park Avenue
New York, New York 10022
(212) 753-7200
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(Name, address and telephone number of person
authorized to receive notices and communications)
November 12, 1998
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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.
(Continued on following pages)
(Page 1 of 6 Pages)
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1 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 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>
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CUSIP No. 777764309 13D Page 2 of 6 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
STEEL PARTNERS II, L.P.
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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, 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,108,154**
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
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9 SOLE DISPOSITIVE POWER
1,108,154**
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,108,154**
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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)
25.4%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Includes 39,184 shares of Common Stock issuable upon exercise of
warrants exercisable within 60 days hereof.
<PAGE>
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CUSIP No. 777764309 13D Page 3 of 6 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
WARREN LICHTENSTEIN
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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*
PF, 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,259,143**
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
- 0 -
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9 SOLE DISPOSITIVE POWER
1,259,143**
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10 SHARED DISPOSITIVE POWER
- 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,259,143**
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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)
27.9%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Includes (i) 150,989 shares of Common Stock issuable upon exercise of
options exercisable within 60 days hereof and (ii) 39,184 shares of
Common Stock issuable upon exercise of warrants exercisable within 60
days hereof.
<PAGE>
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CUSIP No. 777764309 13D Page 4 of 6 Pages
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The following constitutes Amendment No. 5 ("Amendment No. 5") to the
Schedule 13D filed by the undersigned. This Amendment No. 5 amends the Schedule
13D as specifically set forth.
Item 3(a) is amended to read as follows:
Item 3. Source and Amount of Funds or Other Consideration.
(a) The aggregate purchase price of the 1,068,970 Shares of Common
Stock owned by Steel Partners II is $2,811,250. The Shares of Common Stock owned
by Steel Partners II were acquired with partnership funds. The aggregate
purchase price of the 2,500 Shares of Common Stock purchased by Mr. Lichtenstein
is $8,281 and came from his personal funds.
Item 5(a) is amended to read as follows:
Item 5. Interest in Securities of the Issuer.
(a) The aggregate percentage of Shares of Common Stock
reported owned by each person named herein is based upon 4,317,856 Shares
outstanding, which is the total number of Shares of Common Stock outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter
ended October 31, 1998.
As of the close of business on March 15, 1999, Steel Partners
II beneficially owns 1,108,154 Shares of Common Stock, constituting
approximately 25.4% of the Shares outstanding. Included therein is 39,184 shares
of Common Stock issuable upon the exercise of warrants within 60 days hereof.
Mr. Lichtenstein beneficially owns 1,259,143 Shares, representing approximately
27.9% of the Shares outstanding. Mr. Lichtenstein has sole voting and
dispositive power with respect to the 2,500 Shares owned by him and the
1,108,154 Shares owned by Steel Partners II by virtue of his authority to vote
and dispose of such Shares. All of such Shares (other than Shares issuable upon
exercise of the Warrants) were acquired in open-market transactions. In
addition, Mr. Lichtenstein is deemed to be the beneficial owner of 150,989
shares of Common Stock issuable upon the exercise of options exercisable within
60 days hereof, and to have sole voting and dispositive power with respect
thereto, and holds additional options to purchase 75,000 shares of Common Stock.
Item 5(c) is amended by adding the following:
(c) Schedule A annexed hereto lists all transactions in the
Issuer's Common Stock since the filing of Amendment No. 4 by the Reporting
Persons.
<PAGE>
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CUSIP No. 777764309 13D Page 5 of 6 Pages
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SIGNATURES
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After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 19, 1999 STEEL PARTNERS II, L.P.
By: Steel Partners, L.L.C. General Partner
By:/s/ Warren G. Lichtenstein
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Warren G. Lichtenstein,
Chief Executive Officer
/s/ Warren G. Lichtenstein
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WARREN G. LICHTENSTEIN
<PAGE>
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CUSIP No. 777764309 13D Page 6 of 6 Pages
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SCHEDULE A
Transactions in the Shares Since the Filing of
Amendment No. 4 to the Schedule 13D
Shares of Common Price Per Date of
Stock Purchased Share Purchase
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STEEL PARTNERS II, L.P.
2,500 4.12250 9/25/98
1,500 4.20500 9/28/98
13,750 3.69342 10/06/98
2,500 4.06000 10/15/98
4,250 4.10250 10/28/98
2,250 4.11250 10/30/98
7,500 4.18500 11/10/98
17,875 4.18500 11/12/98
1,000 4.28500 11/25/98
7,250 4.56948 12/18/98
6,500 5.01096 12/23/98
2,000 5.17560 12/24/98
1,000 5.41000 12/28/98
25,000 4.54000 3/11/99
WARREN LICHTENSTEIN
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None.
