SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
SUN TELEVISION & APPLIANCES INCORPORATED
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
866881105
(CUSIP Number)
David A. Belford
2097 S. Hamilton Road, Suite 200
COLUMBUS, OHIO
43232
614-755-2228
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
NOVEMBER 6, 1996
(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 / /
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).
Page 1 of _____ Pages
<PAGE>
SCHEDULE 13D
CUSIP NO. 866881105 Page of Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David A. Belford
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) | |
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) | |
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER 246,250
SHARES 8 SHARED VOTING POWER 466,600
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER 246,250
EACH
REPORTING 10 SHARED DISPOSITIVE POWER 466,600
PERSON WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
712,850
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%
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
SCHEDULE 13D
CUSIP NO.866881105 Page of Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Howard I. Belford
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) | |
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) | |
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER 165,826.3781
SHARES 8 SHARED VOTING POWER 466,600
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER 165,826.3781
EACH
REPORTING 10 SHARED DISPOSITIVE POWER 466,600
PERSON WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
632,426.3781
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
| |
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.63%
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
Item 1. SECURITIES AND ISSUER.
This statement relates to the common Stock (the "Common Stock"), of Sun
Television & Appliances Incorporated (the "Company"), whose principal executive
offices are located at 6600 Port Road, Groveport, Ohio 43125.
Item 2. IDENTITY AND BACKGROUND.
This statement is being filed by David A. Belford and Howard I. Belford
(collectively, the "Reporting Persons"). David A. Belford and Howard I. Belford
are President and Vice President, respectively, of Nationwide Warehouse &
Storage, Inc., a furniture retailer. Each of the Reporting Persons is a U.S.
citizen and their business address is 2097 S. Hamilton Road, Suite 200,
Columbus, Ohio 43232.
Neither of the Reporting Persons has been, during the last five years
(a) convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (b) a 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 violations with respect to such laws.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate purchase price of the securities of the Company acquired by
the Reporting Persons was approximately $3.5 million, all of which was obtained
from their personal funds.
Item 4. PURPOSE OF TRANSACTION.
The securities of the Company were acquired for investment purposes. The
Reporting Persons may from time to time acquire additional shares of Common
Stock through open market or privately negotiated transactions depending on
existing market conditions and other considerations which the Reporting Persons
may deem relevant. The Reporting Persons intend to review their investment in
the Company on a continuing basis and, depending upon the price and availability
of the Common Stock, subsequent developments affecting the Company, the
Company's business and prospects, other investment and business opportunities
available to the Reporting Persons, general stock market and economic
conditions, tax considerations and other factors deemed relevant, may decide to
increase or decrease the size of their investment in the Company.
Except as set forth above, neither of the Reporting Persons has any plans
or proposals which relate to or would result in: (a) the acquisition by any
person of additional securities of the Company, or the disposition of securities
of the Company; (b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Company or any of
its subsidiaries; (d) any change in the present Board of Directors or management
of the Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board; (e) any material
change in the present capitalization or dividend policy of the Company; (f) any
other material change in the Company's business or corporate structure; (g)
changes in the Company's charter, By-Laws or instruments corresponding thereto
or other actions which may impede the acquisition of control of the Company by
any person; (h) causing a class of securities of the Company to be delisted from
a national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) a class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or (j) any action similar to any of those enumerated
above.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
David A. Belford owns 246,250 shares of Common Stock, Howard I. Belford
owns 165,826.3781 shares of Common Stock and the Reporting Persons jointly own
an additional 466,600 shares of Common Stock, which in the aggregate constitute
approximately 5.05% of the outstanding shares of Common Stock of the Company.
Exhibit A hereto sets forth transactions in shares of Common Stock of the
Company effected by the Reporting Persons during the 60-day period preceding the
date hereof, the dates of such transactions and the purchase price per share
(exclusive of commissions). All of such shares were purchased in brokerage
transactions in open market purchases.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Neither of the Reporting Persons has any contract, arrangement,
understanding or relationship (legal or otherwise) with any person with respect
to any securities of the Company, including but not limited to transfer or
voting of any of the securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
<PAGE>
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.
/S/DAVID A. BELFORD
David A. Belford
/S/HOWARD I. BELFORD
Howard I. Belford
Dated: November 13, 1996
<PAGE>
AGREEMENT RE JOINT FILING OF
SCHEDULE 13D
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13D to which
this Exhibit is attached, and such Schedule 13D is filed on behalf of each of
them; and
(ii) Each of them is responsible for the timely filing of such Schedule 13D
and any amendments thereto, and for the completeness and accuracy of the
information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
/S/DAVID A. BELFORD
David A. Belford
/S/HOWARD I. BELFORD
Howard I. Belford
November 13, 1996
<PAGE>
EXHIBIT A
RECENT TRANSACTIONS IN SHARES
The following table indicates shares of Common Stock acquired by the
Reporting Persons during the past sixty days. All transactions were effected in
brokerage transactions in the over-the-counter market.
Number of
DATE SHARES PURCHASED PRICE PER SHARE
---- ---------------- ---------------
9/11/96 5,000 $ 3.2800
9/13/96 8,500 3.4050
9/13/96 5,000 3.5300
9/13/96 16,500 3.2500
9/16/96 1,900 3.2500
9/17/96 4,100 3.2500
9/17/96 25,000 3.4675
9/18/96 5,000 3.4050
9/18/96 30,000 3.4675
9/18/96 27,500 3.2500
9/19/96 15,000 3.4050
9/25/96 4,000 3.2175
9/25/96 11,000 3.2800
10/2/96 5,000 3.2800
10/3/96 5,000 3.2175
10/3/96 7,500 3.2800
10/4/96 4,000 3.2175
10/4/96 7,500 3.2800
10/7/96 6,000 3.1550
10/10/96 5,000 2.5925
10/10/96 10,000 2.6550
10/10/96 5,000 2.7175
10/10/96 6,600 2.7800
10/11/96 11,000 2.7175
10/11/96 43,000 2.7800
10/15/96 30,000 2.7175
10/16/96 30,000 2.7800
10/21/96 5,000 2.7800
10/23/96 24,000 2.7800
10/24/96 25,000 2.7800
10/25/96 25,000 2.7800
10/28/96 20,000 2.7175
10/29/96 10,000 2.6550
10/30/96 15,000 2.7175
10/30/96 5,500 2.7800
10/30/96 5,000 2.7180
11/4/96 3,000 2.7800
11/5/96 15,000 2.7180
11/8/96 15,000 2.7175
