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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
BE AEROSPACE, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share 073302101
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(Title of class of securities) (CUSIP number)
Patrick L. Ryan Raymond O. Gietz, Esq.
624 Tamarac Trail Weil, Gotshal & Manges LLP
Wadsworth OH 44281 767 Fifth Avenue
(330) 336-4938 New York, New York 10153
(212) 310-8000
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(Name, address and telephone number of person
authorized to receive notices and communications)
November 2, 1998
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [x].
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.)
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NYFS10...:\85\74785\0003\1992\SCHN058X.520
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<TABLE>
<CAPTION>
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CUSIP No. 073302101 13D-Page 2
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<S> <C> <C>
1 NAME OF REPORTING PERSON: Oscar J. Mifsud Trust - 1998
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS:* OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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- 0 -
NUMBER OF 7 SOLE VOTING POWER:
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: - 0 -
OWNED BY
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- 0 -
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: - 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: - 0 -
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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): 0%
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14 TYPE OF REPORTING PERSON:* OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 073302101 13D-Page 3
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1 NAME OF REPORTING PERSON: Patrick L. Ryan Trust - 1998
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS:* OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: - 0 -
OWNED BY
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- 0 -
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: - 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: - 0 -
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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): 0%
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14 TYPE OF REPORTING PERSON:* OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 073302101 13D-Page 4
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1 NAME OF REPORTING PERSON: David B. Smith Trust - 1998
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS:* OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: - 0 -
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: - 0 -
OWNED BY
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- 0 -
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: - 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: - 0 -
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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): 0%
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14 TYPE OF REPORTING PERSON:* OO
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</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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This statement amends a statement on Schedule 13D (the "Original
Schedule 13D") filed by the Reporting Persons on August 17, 1998 relating to the
shares of Common Stock, par value $.01 per share (the "Common Stock"), of BE
Aerospace, Inc., a Delaware corporation (the "Company"). Capitalized terms used
herein without definition have the meanings ascribed to them in the Original
Schedule 13D.
ITEM 4 PURPOSE OF TRANSACTION
On November 2, 1998, each Trust sold to the Company in a private
transaction all of the shares of Common Shares previously owned by it in
accordance with the provisions of that certain share disposition agreement,
dated July 21, 1998, by and among the Trusts and BE Aerospace (the "Share
Disposition Agreement"), a copy of which was filed as an exhibit to the Original
Schedule 13d. The per share consideration paid by the Company for each share of
Common Stock, inclusive of interest and cash payments previously made to the
Trusts by BE Aerospace as disclosed in the Original Schedule 13D was $30.13.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of November 6, 1998, each of the Trusts beneficially owned no
shares of Common Stock.
5
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(c) Except for the transaction referred to in Item 4, the Trusts and
the Trustees have not effected transactions in the Common Stock during the past
60 days.
(e) As of November 2, 1998, the Reporting Persons ceased to be the
beneficial owners of 5% or more of the outstanding shares of Common Stock.
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: November 9, 1998
Oscar J. Mifsud Trust - 1998
By: /s/ Oscar J. Mifsud
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Oscar J. Mifsud, Trustee
Patrick L. Ryan Trust - 1998
By: /s/ Patrick L. Ryan
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Patrick L. Ryan, Trustee
David B. Smith Trust - 1998
By: /s/ David B. Smith
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David B. Smith, Trustee
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