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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
American United Global, Inc.
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(Name of Issuer)
Common Stock, Par Value $.01
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(Title of Class of Securities)
030344105
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(CUSIP Number)
Associated Capital, L.P.
Associated Capital Offshore, L.P.
A Cap, Inc. Margery K. Neale, Esq.
Jay H. Zises Shereff, Friedman, Hoffman & Goodman, LLP
477 Madison Avenue, 14th Floor 919 Third Avenue
New York, New York 10022 New York, New York 10022
(212) 872-9660 (212) 758-9500
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 3, 1997
-------------------------------------------------------
(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).
SEC 1746 (12-91)
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SCHEDULE 13D
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CUSIP No. 030344105 Page 2 of 8 Pages
--------- ------- ---------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ASSOCIATED CAPITAL, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
DELAWARE
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7 SOLE VOTING POWER
487,800
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 487,800
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
487,800
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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)
6.7%
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14 TYPE OF REPORTING PERSON*
PN
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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.
SEC 1746 (12-91)
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SCHEDULE 13D
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CUSIP No. 030344105 Page 3 of 8 Pages
--------- ------- ---------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ASSOCIATED CAPITAL OFFSHORE, 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
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
URSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
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7 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
PN
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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.
3
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SCHEDULE 13D
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CUSIP No. 030344105 Page 4 of 8 Pages
--------- ------- ---------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
A CAP, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
NEW YORK
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7 SOLE VOTING POWER
487,800
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 487,800
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
487,800
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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)
6.7%
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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.
4
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SCHEDULE 13D
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CUSIP No. 030344105 Page 5 of 8 Pages
--------- ------- ---------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JAY H. ZISES
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
UNITED STATES
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7 SOLE VOTING POWER
487,800
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 487,800
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
487,800
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7%
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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.
5
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SCHEDULE 13D
This Amendment No. 1 amends and supplements the Statement on
Schedule 13D filed with the Securities and Exchange Commission on May 31, 1996
(the "Statement") with respect to the common stock, $.01 par value per share,
of American United Global, Inc. (the "Common Stock"). Only those items of the
Statement that are amended and supplemented hereby are included herein. Unless
otherwise defined herein, all capitalized terms shall have the respective
meanings ascribed to them in the Statement.
Item 1. Security and Issuer
The address of the Issuer has changed from that which was
originally specified in the Statement.
Issuer: American United Global, Inc.
11130 NE 33rd Place, Suite 250
Bellevue, Washington 98004
Item 2. Identity and Background
(a), (b), (c) and (f) Associated Capital Offshore, L.P., a
Cayman Islands limited partnership ("Associated Offshore"), is being added to
the Reporting Persons originally specified in the Statement. The business
address of Associated Offshore is c/o Goldman Sachs (Cayman) Trust, Limited,
P.O. Box 896, George Town, Grand Cayman, Cayman Islands, British West Indies.
The principal business of Associated Offshore is investments.
Item 3. Source and Amount of Funds
Associated purchased no shares. Associated Offshore purchased
an aggregate of 20,000 shares at an aggregate cost of $157,984.80, using its
own funds
All of the amounts reported herein are net of commissions.
Item 5. Interest in Securities of the Issuer
(a) and (b) Associated is the beneficial and record owner of
487,800 shares of Common Stock, or 6.7% of the outstanding shares of Common
Stock. Associated Offshore is the beneficial and record owner of no shares of
Common Stock, or 0% of the outstanding shares of Common Stock.
As the general partner of Associated, A Cap has the sole
power to vote and to
6
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direct the voting of and the sole power to dispose and direct the disposition
of the 487,800 shares of Common Stock owned by Associated. Accordingly, A Cap
may be deemed to be the beneficial owner of such 487,800 shares of Common Stock
or 6.7% of the outstanding shares of Common Stock.
Jay Zises, as President of A Cap, has the sole power to vote
and to direct the voting of, and to dispose and to direct the disposition of,
the shares of Common Stock deemed to be beneficially owned by A Cap.
Accordingly, Mr. Zises may be deemed to be the beneficial owner of such 487,800
shares of Common Stock or 6.7% of the outstanding shares of Common Stock.
The number of shares beneficially owned by each of the
Reporting Persons and the percentage of outstanding shares represented thereby,
have been computed in accordance with Rule 13d-3 under the Securities Exchange
Act of 1934, as amended (the "Securities Exchange Act"). The percentage of
ownership of the Reporting Persons is based on 7,266,382 outstanding shares of
Common Stock of the issuer as of November 6, 1996, based on information
provided by the Issuer's transfer agent.
Item 7. Material to be Filed as Exhibits
Exhibit A. Agreement of Joint Filing.
Exhibit B. Purchases of Common Stock of Issuer.
7
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Signature
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.
ASSOCIATED CAPITAL, L.P.
By: A CAP, INC., as General Partner
By: /s/ Jay H. Zises, President
-----------------------------------
Jay H. Zises, President
ASSOCIATED CAPITAL OFFSHORE, L.P.
By: A CAP, LTD., as General Partner
By: /s/ J.D. Hunter
-----------------------------------
J.D. Hunter, Managing Director
A CAP, INC.
By: /s/ Jay H. Zises, President
-----------------------------------
Jay H. Zises, President
/s/ Jay H. Zises
--------------------------------------
Jay H. Zises
Dated: March 5, 1997
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Exhibit A
AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to the joint
filing with all other Reporting Persons (as such term is defined in the
Schedule 13D referred to below) of a statement on Schedule 13D or any
amendments thereto, with respect to the Common Stock, par value $.01, of
American United Global, Inc. and that this Agreement be included as an Exhibit
to such filing.
This Agreement may be executed in any number of counterparts
each of which shall be deemed to be an original and all of which together shall
be deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, the undersigned hereby execute this
Agreement on the 5th day of March, 1997.
ASSOCIATED CAPITAL, L.P.
By: A CAP, INC., as General Partner
By: /s/ Jay H. Zises, President
--------------------------------------
Jay H. Zises, President
ASSOCIATED CAPITAL OFFSHORE, L.P.
By: A CAP, LTD., as General Partner
By: /s/ J.D. Hunter
--------------------------------------
J.D. Hunter, Managing Director
A CAP, INC.
By: /s/ Jay H. Zises, President
--------------------------------------
Jay H. Zises, President
/s/ Jay H. Zises
-----------------------------------------
Jay H. Zises
<PAGE>
Exhibit B
TRANSACTION SUMMARY
American United Global, Inc.
Common Stock par value $.01
From 7/8/96 to 3/3/97
Trade Date # of Shares Price Net $
---------- ----------- ----- -----
Associated Capital, L.P.
07/08/96 -2,000 $8.940 ($17,880.00)
07/08/96 -2,000 $8.940 ($17,880.00)
07/08/96 -4,000 $8.940 ($35,760.00)
07/09/96 -1,000 $8.920 ($8,920.00)
07/09/96 -2,000 $8.815 ($17,630.00)
07/09/96 -2,000 $8.815 ($17,630.00)
10/11/96 -22,500 $8.267 ($186,007.50)
11/15/96 -7,500 $10.500 ($78,750.00)
11/15/96 -2,500 $11.000 ($27,500.00)
12/05/96 -6,000 $9.700 ($58,200.00)
12/10/96 -7,000 $9.089 ($63,623.00)
02/27/97 -5,000 $5.937 ($29,685.00)
02/27/97 -5,000 $5.910 ($29,550.00)
02/28/97 -700 $5.950 ($4,165.00)
03/03/97 -13,000 $6.250 ($81,250.00)
SUBTOTAL 487,800 $5.808 $2,833,019.50
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Associated Capital
Offshore, L.P.
09/13/96 400 $7.250 $2,900.00
09/16/96 4,600 $7.438 $34,214.80
09/17/96 5,000 $7.219 $36,095.00
10/14/96 -2,500 $9.170 ($22,925.00)
10/18/96 5,000 $9.705 $48,525.00
10/18/96 -5,000 $10.733 ($53,665.00)
11/15/96 -7,500 $11.000 ($82,500.00)
02/11/97 5,000 $7.250 $36,250.00
03/03/97 -5,000 $6.125 ($30,625.00)
SUBTOTAL 0
Current TOTAL 487,800
Percent Owned 6.71%
