<PAGE>
-------------------------------
OMB APPROVAL
-------------------------------
OMB Number: 3235-0145
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)1
GARDENBURGER, INC.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
365476100
(CUSIP Number)
Mark C. Wehrly
Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(415) 421-2132
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 19, 2000
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 35 Pages
Exhibit Index Found on Page 33
- --------------------------
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>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 350,000 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
350,000 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
350,000 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.8% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 377,800 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
377,800 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
377,800 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 63,400 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
63,400 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,400 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 75,000 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
75,000 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,000 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 25,000 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
25,000 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital (CP) Investors, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 37,500 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
37,500 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,500 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 325,000 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
325,000 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
325,000 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IA, OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 928,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
928,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
928,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
South Africa
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Fleur E. Fairman
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 928,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
928,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
928,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jason M. Fish
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 19 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 20 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 21 of 35 Pages
<PAGE>
13D
===============================
CUSIP No. 365476100
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing are the beneficial
holders and/or deemed beneficial holders of an aggregate of
1,253,700 Shares, which is 12.4% of the class of securities.
The reporting person on this cover page, however, is a deemed
beneficial owner only of the securities reported by it on this cover
page.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,253,700 [See Preliminary Note]
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,253,700 [See Preliminary Note]
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,253,700 [See Preliminary Note]
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% [See Preliminary Note]
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 22 of 35 Pages
<PAGE>
This Amendment No. 1 to Schedule 13D amends the Schedule 13D initially
filed on April 22, 1999 (collectively, with all amendments thereto, the
"Schedule 13D").2
Preliminary Note: The Reporting Persons are filing this Schedule 13D with
respect to the common stock, no par value (the "Shares"), of Gardenburger, Inc.
(the "Company"). As reported in the prior Schedule 13D, the Reporting Persons
are not currently the record holder of any Shares, other than 3,700 Shares held
in aggregate by Farallon Capital Institutional Partners, L.P. and Farallon
Capital Institutional Partners II, L.P. (collectively, the "3,700 Shares"). The
3,700 Shares were reported in the prior Schedule 13D together with all other
Shares which the Reporting Persons were deemed to beneficially own through their
ownership of the Series A Preferred Shares and the Series B Preferred Shares
(the "Preferred Shares"). On January 19, 2000, the Reporting Persons received a
notice from the Company that, pursuant to the Determination of Terms of Series B
Preferred Shares, the conversion price of the Series B Preferred Shares had
decreased from $10.00 per Share to $3.75 per Share. The Reporting Persons are
therefore filing this Schedule 13D to report an increase in the number of Shares
which they are deemed to beneficially own through their ownership of Series B
Preferred Shares.
Item 2. Identity And Background
Item 2 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
The Partnerships
- -------------------------
2 The original Schedule 13D was filed under CIK # 0001012168. This
amendment was filed under CIK # 0000909661, as will be all future
amendments to the Schedule 13D.
Page 23 of 35 Pages
<PAGE>
(i) Farallon Capital Partners, L.P., a California limited
partnership ("FCP"), with respect to the Shares beneficially
owned by it (through direct ownership of the Preferred
Shares);
(ii) Farallon Capital Institutional Partners, L.P., a California
limited partnership ("FCIP"), with respect to the Shares
beneficially owned by it (through direct ownership of the
Preferred Shares and with respect to the 2,800 Shares which
FCIP owns directly);
(iii) Farallon Capital Institutional Partners II, L.P., a California
limited partnership ("FCIP II"), with respect to the Shares
beneficially owned by it (through direct ownership of the
Preferred Shares and with respect to the 900 Shares which FCIP
II owns directly);
(iv) Farallon Capital Institutional Partners III, L.P., a Delaware
limited partnership ("FCIP III"), with respect to the Shares
beneficially owned by it (through direct ownership of the
Preferred Shares);
(v) Tinicum Partners, L.P., a New York limited partnership
("Tinicum"), with respect to the Shares beneficially owned by
it (through direct ownership of the Preferred Shares); and
(vi) Farallon Capital (CP) Investors, L.P., a Cayman Islands
limited partnership ("FCCP") with respect to the Shares
beneficially owned by it (through direct ownership of the
Preferred Shares).
FCP, FCIP, FCIP II, FCIP III, Tinicum and FCCP are together referred to
herein as the "Partnerships."
The Management Company
(vii) Farallon Capital Management, L.L.C., a Delaware limited
liability company (the "Management Company"), with respect to
the Shares beneficially owned by certain accounts managed by
the Management Company (the "Managed Accounts") (through
direct ownership of the Preferred Shares).3
The General Partner Of The Partnerships
- ------------------------
3 Of the Shares reported by the Management Company on behalf of the Managed
Accounts, 12,500 Shares (equal to approximately 0.14% of the total Shares
currently outstanding) are beneficially owned (through direct ownership of the
Preferred Shares) by The Absolute Return Fund of The Common Fund, a non-profit
corporation whose principal address is 450 Post Road East, Westport, Connecticut
06881.
Page 24 of 35 Pages
<PAGE>
(viii)Farallon Partners, L.L.C., a Delaware limited liability
company which is the general partner of each of the
Partnerships (the "General Partner"), with respect to the
Shares beneficially owned by each of the Partnerships (through
direct ownership of the Preferred Shares and the 3,700 Shares
owned directly by FCIP and FCIP II).
The Managing Members Of The General Partner And The Management Company
(ix) The following twelve persons who are managing members of
both the General Partner and the Management Company, with
respect to the Shares beneficially owned by the Partnerships
and the Managed Accounts (through direct ownership of the
Preferred Shares and the 3,700 Shares owned directly by FCIP
and FCIP II): Enrique H. Boilini ("Boilini"), David I. Cohen
("Cohen"), Joseph F. Downes ("Downes"), William F. Duhamel
("Duhamel"), Jason M. Fish ("Fish"), Andrew B. Fremder
("Fremder"), Richard B. Fried ("Fried"), William F. Mellin
("Mellin"), Stephen L. Millham ("Millham"), Meridee A. Moore
("Moore"), Thomas F. Steyer ("Steyer") and Mark C. Wehrly
("Wehrly"); and
(x) the thirteenth managing member of the General Partner, Fleur
E. Fairman ("Fairman"), with respect to the Shares
beneficially owned by the Partnerships (through direct
ownership of the Preferred Shares and the 3,700 Shares owned
directly by FCIP and FCIP II).
Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin,
Millham, Moore, Steyer and Wehrly are together referred to herein as the
"Individual Reporting Persons."
(b) The address of the principal business and principal office of (i) FCCP
is c/o W.S. Walker & Company, P.O. Box 265 GT, Walker House, Grand Cayman,
Cayman Islands and c/o Farallon Partners, L.L.C., One Maritime Plaza, Suite
1325, San Francisco, California 94111, (ii) the other Partnerships, the General
Partner and the Management Company is One Maritime Plaza, Suite 1325, San
Francisco, California 94111 and (iii) each of the Individual Reporting Persons
is set forth in Annex 1 hereto.
(c) The principal business of each of the Partnerships is that of a private
investment fund engaging in the purchase and sale of investments for its own
account. The principal business of the General Partner is to act as the general
partner of the Partnerships. The principal business of the
Page 25 of 35 Pages
<PAGE>
Management Company is that of a registered investment adviser. The principal
business of each of the Individual Reporting Persons is set forth in Annex 1
hereto.
(d) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
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) The citizenship of each of the Partnerships, the General Partner and
the Management Company is set forth above. Each of the Individual Reporting
Persons is a United States citizen other than (i) Enrique H. Boilini who is an
Argentinean citizen and (ii) David I. Cohen who is a South African citizen.
The other information required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.
Item 4. Purpose Of The Transaction.
Item 4 of the Schedule 13D is amended and updated as follows:
The prior Schedule 13D stated that the Series A Preferred Shares and Series
B Preferred Shares were presently convertible into Shares at a 1:1 conversion
ratio, subject to the terms and conditions of the Determinations. The Series A
Preferred Shares remain presently convertible into Shares at a 1:1 conversion
ratio, subject to the terms and conditions of the Determination of Terms of
Series A Convertible Preferred Stock. As of January 12, 2000, the Series B
Preferred Shares
Page 26 of 35 Pages
<PAGE>
became presently convertible into Shares at a 2.667:1 conversion ratio, subject
to the terms and conditions of the Determination of Terms of Series B Preferred
Stock. See the notice from the Company regarding the new Series B Preferred
Share conversion ratio attached as Exhibit 1 to this Schedule 13D.
Item 5. Interest In Securities Of The Issuer.
Item 5 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) The Partnerships
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for each Partnership is incorporated herein by
reference for each such Partnership. The percentage amount
set forth in Row 13 of each such cover page was based upon a
Share outstanding figure determined by increasing (i) the
8,850,451 Shares outstanding as of December 30, 1999 as
reported by the Company in its Proxy Statement filed
pursuant to Section 14(A) of the Securities Exchange Act of
1934 filed with the SEC on January 11, 2000 by (ii) the
number of Shares of which each Partnership is the deemed
beneficial owner through its ownership of Preferred Shares.
Such numbers are listed below as follows:
Entity Number of Common Shares
Entity is Deemed to
Beneficially Own
FCP 350,000
FCIP 377,800
FCIP II 63,400
FCIP III 75,000
Tinicum 25,000
FCCP 37,500
(c) There have been no transactions in the Shares or the Preferred
Shares in the last 60 days.
(d) The General Partner has the power to direct the affairs of the
Partnerships, including the disposition of the proceeds of the
sale of the Shares and/or the Preferred Shares. The Individual
Reporting Persons are managing members of the General Partner.
Page 27 of 35 Pages
<PAGE>
(e) Not applicable.
(b) The Management Company
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for the Management Company is incorporated
herein by reference. The percentage amount set forth in Row
13 of the cover page hereto for the Management Company was
based upon a Share outstanding figure determined by
increasing (i) the 8,850,451 Shares outstanding as of
December 30, 1999 as reported by the Company in its Proxy
Statement filed pursuant to Section 14(A) of the Securities
Exchange Act of 1934 filed with the SEC on January 11, 2000
by (ii) the number of Shares of which each Managed Account
is the deemed beneficial owner through its ownership of
Preferred Shares. Such numbers are listed below as follows:
Entities Number of Common Shares
Entities are Deemed to
Beneficially Own
Managed Accounts 325,000
(c) There have been no transactions in the Shares or the Preferred
Shares in the last 60 days.
(d) The Management Company, as an investment adviser, has the power
to direct the disposition of the proceeds of the sale of the
Shares beneficially owned by the Managed Accounts. The Individual
Reporting Persons other than Fairman are managing members of the
Management Company.
(e) Not applicable.
(c) The General Partner
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for the General Partner is incorporated herein
by reference. The percentage amount set forth in Row 13 for
the cover page hereto for the General Partner is based upon
a Share outstanding figure determined by increasing (i) the
8,850,451 Shares outstanding as of December 30, 1999 as
reported by the Company in its Proxy Statement filed
pursuant to Section 14(A) of the Securities Exchange Act of
1934 filed with the SEC on January 11, 2000 by (ii) the
number of Shares of which the General Partner is the deemed
beneficial owner.
(c) None.
Page 28 of 35 Pages
<PAGE>
(d) The General Partner has the power to direct the affairs of the
Partnerships, including the disposition of the proceeds of the
sale of the Shares and/or the Preferred Shares. The Individual
Reporting Persons are managing members of the General Partner.
(e) Not applicable.
(d) The Individual Reporting Persons
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for each Individual Reporting Person is
incorporated herein by reference for each such Individual
Reporting Person. The percentage amount set forth in Row 13
for the cover pages hereto for each of the Individual
Reporting Persons is based upon a Share outstanding figure
determined by increasing (i) the 8,850,451 Shares
outstanding as of December 30, 1999 as reported by the
Company in its Proxy Statement filed pursuant to Section
14(A) of the Securities Exchange Act of 1934 filed with the
SEC on January 11, 2000 by (ii) the number of Shares of
which each Individual Reporting Person is the deemed
beneficial owner.
(c) None.
(d) The General Partner has the power to direct the affairs of the
Partnerships, including the disposition of the proceeds of the
sale of the Shares and/or the Preferred Shares. The Management
Company, as an investment adviser, has the power to direct the
disposition of the proceeds of the sale of the Shares
beneficially owned by the Managed Accounts. The Individual
Reporting Persons are managing members of the General Partner.
The Individual Reporting Persons other than Fairman are managing
members of the Management Company.
(e) Not applicable.
The 3,700 Shares are held directly by FCIP (2,800 Shares) and FCIP II (900
Shares). The Preferred Shares in respect of which each Partnership is deemed to
beneficially own Shares are owned directly by each such Partnership. The General
Partner, as general partner to the Partnerships, may be deemed the beneficial
owner of the Shares beneficially owned by the Partnerships. The Preferred Shares
in respect of which the Management Company is deemed to beneficially own Shares
are owned directly by the Managed Accounts. The Management Company, as
investment adviser to the Managed Accounts, may be deemed the beneficial owner
of the Shares beneficially owned by the Managed Accounts. The twelve Individual
Reporting Persons who are managing members of both the General Partner and the
Management Company may each be deemed to be the beneficial owner of all such
Shares beneficially owned by the Partnerships and the Managed Accounts. Fairman,
as a managing member of only the General Partner, may be deemed to be the
beneficial owner of all such Shares beneficially owned by the Partnerships. Each
of the
Page 29 of 35 Pages
<PAGE>
Management Company, the General Partner and the Individual Reporting Persons
hereby disclaims any beneficial ownership of any such Shares.
Item 7. Materials To Be Filed As Exhibits.
There is filed herewith as Exhibit 1 the notice received by the Company
regarding the new conversion ratio of the Series B Preferred Shares. There is
filed herewith as Exhibit 2 a written agreement relating to the filing of joint
acquisition statements as required by Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934, as amended.
Page 30 of 35 Pages
<PAGE>
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: January 21, 2000
/s/ Thomas F. Steyer
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.,
And FARALLON CAPITAL (CP) INVESTORS, L.P.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
Thomas F. Steyer, individually and as attorney-in-fact
for each of Enrique H. Boilini, David I. Cohen,
Joseph F. Downes, William F. Duhamel, Fleur E. Fairman,
Jason M. Fish, Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham, Meridee A. Moore
and Mark C. Wehrly.
The Powers of Attorney, each executed by Boilini, Cohen, Downes, Fairman,
Fish, Fremder, Mellin, Millham and Moore authorizing Steyer to sign and file
this Schedule 13D on each person's behalf, which were filed with Amendment No. 1
to the Schedule 13D filed with the Securities and Exchange Commission on
September 26, 1997, by such Reporting Persons with respect to the Common Stock
of Sphere Drake Holdings Limited, are hereby incorporated by reference. The
Powers of Attorney executed by Duhamel and Fried authorizing Steyer to sign and
file this Schedule 13D on each person's behalf, which were filed with Amendment
No. 1 to the Schedule 13G filed with the Securities and Exchange Commission on
January 13, 1999, by such Reporting Persons with respect to the Callable Class A
Common Shares of CliniChem Development Inc., are hereby incorporated by
reference. The Power of Attorney executed by Mark C. Wehrly authorizing Steyer
to sign and file this Schedule 13D on his behalf, which was filed with Amendment
No. 2 to the Schedule 13D filed with the Securities and Exchange Commission on
January 10, 2000, by such Reporting Person with respect to the Common Shares of
Axogen Limited, is hereby incorporated by reference.
Page 31 of 35 Pages
<PAGE>
ANNEX 1
Set forth below with respect to the Management Company and the General
Partner is the following information: (a) name; (b) address; (c) principal
business; (d) state of organization; and (e) controlling persons. Set forth
below with respect to each managing member of the Management Company and the
General Partner is the following: (a) name; (b) business address; (c) principal
occupation; and (d) citizenship.
1. The Management Company
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as investment adviser to various managed accounts
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member; Enrique H.
Boilini, David I. Cohen, Joseph F. Downes, William F. Duhamel, Jason
M. Fish, Andrew B. Fremder, Richard B. Fried, William F. Mellin,
Stephen L. Millham, Meridee A. Moore and Mark C. Wehrly, Managing
Members.
2. The General Partner
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as general partner to investment partnerships
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member; Enrique H.
Boilini, David I. Cohen, Joseph F. Downes, William F. Duhamel, Fleur
E. Fairman, Jason M. Fish, Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham, Meridee A. Moore and Mark C.
Werhly, Managing Members.
3. The Individual Reporting Persons
Except as stated below, each of the Individual Reporting Persons is a
United States citizen whose business address is c/o Farallon Capital
Management, L.L.C., One Maritime Plaza, Suite 1325, San Francisco,
California 94111. Enrique H. Boilini is an Argentinean citizen whose
business address is c/o Farallon Capital Management, L.L.C., 75 Holly Hill
Lane, Greenwich, Connecticut 06830. David I. Cohen is a South African
citizen. The principal occupation of Thomas F. Steyer is serving as senior
managing member of the Management Company and the General Partner. The
principal occupation of Fairman is serving as a managing member of the
General Partner. The principal occupation of each other Individual
Reporting Person is serving as a managing member of both the Management
Company and the General Partner.
Page 32 of 35 Pages
<PAGE>
EXHIBIT INDEX
EXHIBIT 1 Notice From Company Regarding Conversion Ratio
EXHIBIT 2 Joint Acquisition Statement Pursuant to Rule 13D-
(f)(1)
Page 33 of 35 Pages
<PAGE>
EXHIBIT 1
to
SCHEDULE 13D
GARDENBURGER, INC.
NOTICE OF RESET OF CONVERSION PRICE
Notice is hereby given pursuant to Section 7(e)(vi) of the Determination of
Terms of Series B Convertible Preferred Stock of Gardenburger, Inc. (such stock
being hereinafter referred to as the "Series B Stock"), that the per share
conversion price of the Series B Stock has been reset from $10.00 to $3.75 (the
"Conversion Adjustment"), calculated as follows:
487,500 x 10 = 4,875,000 / 1,300,000 = $3.75
The Conversion Adjustment with respect to the Series B Stock occurred because
Gardenburger, Inc., did not achieve net sales of at least $135,000,000 and an
operating loss of less than $1,000,000 for the 12 months ended December 31,
1999.
Dated: January 12, 2000 /s/ Richard C. Dietz
------------------------------
Richard C. Dietz
Executive Vice President and
Chief Financial Officer
Page 34 of 35 Pages
<PAGE>
EXHIBIT 2
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13D-(f)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: January 21, 2000
/s/ Thomas F. Steyer
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
TINICUM PARTNERS, L.P.,
And FARALLON CAPITAL (CP) INVESTORS, L.P.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
Thomas F. Steyer, individually and as attorney-in-fact
for each of Enrique H. Boilini, David I. Cohen,
Joseph F. Downes, William F. Duhamel, Fleur E. Fairman,
Jason M. Fish, Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham, Meridee A. Moore
and Mark C. Wehrly.
Page 35 of 35 Pages
