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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)
APPLIED EXTRUSION TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
(Title of Class of Securities)
038196101
(CUSIP Number)
Kevin S. Moore
President
The Clark Estates, Inc.
Thirty-First Floor
One Rockefeller Plaza
New York, New York 10020
Tel. No.: (212) 977-6900
With a copy to:
Robin L. Spear, Esq.
Winthrop, Stimson, Putnam & Roberts
One Battery Park Plaza
New York, New York 10004-1490
(212) 858-1000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
November 9, 1999
(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: [ ]
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).
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AMENDMENT NO. 1
TO
SCHEDULE 13D
================================================================================
CUSIP NO. 038196101
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE CLARK ESTATES, INC.
13-5524538
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) \ \
(b) \ \
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) \ \
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
- ------------------------ ------- -----------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 568,600
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON ------- -----------------------------------------------
WITH 8 SHARED VOTING POWER
0
------- -----------------------------------------------
9 SOLE DISPOSITIVE POWER
568,600
------- -----------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
568,600
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES \ \
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
======== =======================================================================
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AMENDMENT NO. 1
TO
SCHEDULE 13D
The items identified below, or the particular paragraph of such items
which are identified below, are amended to add the information as set forth
below. Capitalized terms not otherwise defined have the meanings ascribed to
them in the original Schedule 13D, as amended.
Item 2. Identity and Background.
Schedule I is amended as provided in the attached Schedule I.
Item 5. Interest in Securities of the Issuer.
(a) The 568,600 shares of Company Common Stock beneficially
owned by the Reporting Person constitute 4.8% of the outstanding shares of
Company Common Stock (based upon an aggregate of 11,782,762 outstanding shares
of Company Common Stock as of February 9, 2000, as reported in the Company's
Form 10-Q for the quarter ended December 31, 1999).
(c) On November 9, 1999, the Reporting Person sold 3,300
shares of the Company Common Stock in a market transaction at a price of
$6.39390 per share.
(e) As of November 9, 1999 the Reporting Person ceased to be
the beneficial owner of 5% or more of the outstanding shares of Company Common
Stock as a result of the disposition of such Common Stock by the Reporting
Person described in this Item 5.
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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.
March 1, 2000
Date
/s/Kevin S. Moore
- -------------------------------
Signature
Kevin S. Moore
President
The Clark Estates, Inc.
Name/Title
4
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SCHEDULE I
Directors and Executive Officers of
The Clark Estates, Inc.
-----------------------
<TABLE>
<CAPTION>
Principal Occupation, and
Name, Principal Business
Name and Address of Employer
---- -------------------------
<S> <C>
Jane Forbes Clark Chairman and Director
The Clark Estates, Inc.
Management Services
One Rockefeller Plaza
Thirty-First Floor
New York, NY 10020
Kevin S. Moore President and Director
The Clark Estates, Inc.
Management Services
One Rockefeller Plaza
Thirty-First Floor
New York, NY 10020
Anne L. Peretz Director
The Clark Estates, Inc.
Management Services
One Rockefeller Plaza
Thirty-First Floor
New York, NY 10020
Eric L. Straus Senior Vice President and Director
The Clark Estates, Inc.
Management Services
One Rockefeller Plaza
Thirty-First Floor
New York, NY 10020
Marshall F. Wallach Director, The Clark Estates, Inc.
President
The Wallach Corporation
Investment Banking
1401 17th Street
Suite 750
Denver, CO 80202
</TABLE>
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<TABLE>
<S> <C>
Richard C. Vanison Vice President and Treasurer
The Clark Estates, Inc.
Management Services
One Rockefeller Plaza
Thirty-First Floor
New York, NY 10020
William T. Burdick Secretary
The Clark Estates, Inc.
Management Services
One Rockefeller Plaza
Thirty-First Floor
New York, NY 10020
</TABLE>
All of the executive officers and directors of the Clark Estates, Inc. are
United States citizens.
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