<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Furr's/Bishop's Incorporated
(Name of Issuer)
Common Stock, Par Value, $0.01 Per Share
(Title of Class of Securities)
361115504
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 23, 1998
(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 13-d-1(b)(3) or (4), check the following box [ ].
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purposes 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).
Page 1 of 10 Pages<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 361115504 Page 2 of 10 Pages
- ------------------- ------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The SC Fundamental Value Fund, L.P.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
1,035,021
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,035,021
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,035,021
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 361115504 Page 3 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental Value BVI, Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
988,021
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
988,021
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
988,021
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 361115504 Page 4 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
1,035,021
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,035,021
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,035,021
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 361115504 Page 5 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary N. Siegler
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/OO
- -----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,023,042
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,023,042
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,023,042
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 361115504 Page 6 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter M. Collery
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,023,042
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,023,042
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,023,042
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
Page 7 of 10 Pages
AMENDMENT
NO. 3
TO THE
SCHEDULE 13D
The Reporting Persons consisting of SC Fundamental Inc.("SC"), The SC
Fundamental Value Fund, L.P. ("Fund"), SC Fundamental BVI, Inc. ("BVI Inc."),
Gary N. Siegler ("Siegler") and Peter M. Collery ("Collery"), hereby amend
their Schedule 13D relating to the Common Stock, par value $0.01, of
Furr's/Bishop's Incorporated ("Issuer").
Item 3. Source and Amount of Funds of Other Consideration
The aggregate prices of the Issuer's Common Stock (the "Shares")
purchased by the Reporting Persons identified in Item 5(c) of this Schedule
13D since the filing of Amendment No. 2 to the Schedule 13D were as follows:
Name of Aggregate
Reporting Person Purchase Price
Fund $ 78,241.49
BVI Inc. on behalf of BVI Ltd. $437,465.69
The Reporting Persons listed above purchased the Shares reported herein
as beneficially owned by them with working capital of Fund and BVI Ltd. or
with funds extended by brokerage firms in connection with margin transactions
effected for Fund and BVI Ltd.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on April 23, 1997, the Reporting
Persons, by virtue of the language of Rule 13d-3, may be deemed to own
beneficially in the aggregate the numbers and percentages of the Issuer's
Common Stock set forth opposite their names below (based upon the number of
shares of the Issuer's Common Stock that were reported to be outstanding in
the Issuer's Form 10-K as of December 31, 1997).
<PAGE>
<PAGE> Page 8 of 10 Pages
<TABLE>
<CAPTION>
==============================================================================
Name Shares of Common Stock Percentage
- ------------------------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc. 1,035,021 2.1%
- ------------------------------------------------------------------------------
The SC Fundamental
Value Fund, L.P. 1,035,021 2.1%
- ------------------------------------------------------------------------------
SC Fundamental
Value BVI, Inc. 988,021 2.0%
- ------------------------------------------------------------------------------
Gary N. Siegler 2,023,042 4.2%
- ------------------------------------------------------------------------------
Peter M. Collery 2,023,042 4.2%
==============================================================================
</TABLE>
(c) The following table sets forth transactions effected by the
Fund, Siegler and by BVI Inc. on behalf of BVI Ltd. in the last 60 days.
Unless otherwise noted, each of the transactions reflects a sale by means of
trades on the New York Stock Exchange.
<TABLE>
<CAPTION>
==============================================================================
BVI, Inc.
Price Per on behalf
Trade Date Share($) Fund of BVI Ltd.
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------
02/23/98 0.563 50* 50*
- ------------------------------------------------------------------------------
02/24/98 0.563 100* 100*
- ------------------------------------------------------------------------------
03/12/98 0.813 500* 500*
- ------------------------------------------------------------------------------
03/12/98 0.844 4,000 44,000
- ------------------------------------------------------------------------------
03/13/98 0.813 2,000 2,000
- ------------------------------------------------------------------------------
<FN>
- ------
/TABLE
<PAGE>
<PAGE> Page 9 of 10 Pages
<TABLE>
<CAPTION>
==============================================================================
BVI, Inc.
Price Per on behalf
Trade Date Share($) Fund of BVI Ltd.
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------
03/30/98 0.863 12,750 12,250
- ------------------------------------------------------------------------------
03/31/98 1.000 50* 50*
- ------------------------------------------------------------------------------
03/31/98 0.938 2,490 2,510
- ------------------------------------------------------------------------------
04/01/98 0.938 500 500
- ------------------------------------------------------------------------------
04/02/98 0.875 500 500
- ------------------------------------------------------------------------------
04/06/98 0.984 1,010* 990*
- ------------------------------------------------------------------------------
04/08/98 0.969 5,100 4,900
- ------------------------------------------------------------------------------
04/09/98 1.000 1,660 1,640
- ------------------------------------------------------------------------------
04/16/98 1.000 1,010 990
- ------------------------------------------------------------------------------
04/20/98 1.000 2,520 2,450
- ------------------------------------------------------------------------------
04/22/98 0.938 2,010 1,990
- ------------------------------------------------------------------------------
04/23/98 0.750 511,594 488,406
- -----------------------------------------------------------------------------
04/23/98 1.000 2,550 2,450
- ------------------------------------------------------------------------------
<FN>
- --------
</TABLE>
* Reflects a purchase
(e) On April 23, 1998 the Reporting Persons, in the aggregate, ceased to be
the beneficial owners of five percent or more of the Issuer's Common Stock.
This Amendment No. 3 is, therefore, a final filing.
<PAGE>
<PAGE> Page 10 of 10 Pages
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: April 24, 1998
SC FUNDAMENTAL LLC
By: /s/ Peter M. Collery
- ---------------------------------
Neil H. Koffler as Attorney-in-Fact
for Peter M. Collery, Vice President *
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
- ----------------------------------
Neil H. Koffler as Attorney-in-Fact
for Peter M. Collery, Vice President *
SC FUNDAMENTAL VALUE BVI, INC.
By: /s/ Peter M. Collery
- ----------------------------------
Neil H. Koffler as Attorney-in-Fact
for Peter M. Collery, Vice President *
/s/ Gary N. Siegler
- ---------------------------------
Neil H. Koffler as Attorney-in-Fact
for Gary N. Siegler *
/s/ Peter M. Collery
- ---------------------------------
Neil H. Koffler as Attorney-in-Fact
for Peter M. Collery, Vice President *
* Executed by Neil H. Koffler as Attorney-In-Fact for Peter M. Collery and
Gary N. Siegler. The Powers of Attorney for Messrs. Collery and Siegler were
filed as Exhibit A to Amendment No. 5 to Schedule 13D relating to US
Facilities Corporation on August 4, 1995 and is hereby incorporated herein by
reference.
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