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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. 5)*
Continental Waste Industries, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
212 15 T103
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(CUSIP Number)
Bret R. Maxwell, 233 S. Wacker Drive, Suite 9500, Chicago, Illinois 60606
(312)258-1400
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 30, 1996
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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 [ ].
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).
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SCHEDULE 13D
CUSIP NO. 212 15 T103 PAGE 2 OF 8 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Apex Investment Fund Limited Partnership 36-3572877
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable.
- --------------------------------------------------------------------------------
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 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
PN
- --------------------------------------------------------------------------------
*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.
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 212 15 T103 PAGE 3 OF 8 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Environmental Venture Fund Limited Partnership 93-096-1333
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable.
- --------------------------------------------------------------------------------
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 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
PN
- --------------------------------------------------------------------------------
*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.
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 212 15 T103 PAGE 4 OF 8 PAGES
---------------- --- ------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Productivity Fund Limited Partnership 36-3351901
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable.
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
PN
- --------------------------------------------------------------------------------
*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.
<PAGE> 5
Page 5 of 8 Pages
THIS SCHEDULE AMENDS A SCHEDULE 13D DATED DECEMBER 13, 1993 (THE
"ORIGINAL 13D"), AS AMENDED PURSUANT TO A FIRST AMENDMENT DATED MAY 10, 1994
(THE "FIRST AMENDMENT"), A SECOND AMENDMENT DATED DECEMBER 2, 1994 (THE "SECOND
AMENDMENT"), A THIRD AMENDMENT DATED NOVEMBER 2, 1995 (THE "THIRD AMENDMENT"),
AND A FOURTH AMENDMENT DATED JUNE 27, 1996 (THE "FOURTH AMENDMENT"). ALL ITEMS
NOT MENTIONED SPECIFICALLY IN THIS AMENDMENT REMAIN AS PROVIDED IN THE ORIGINAL
13D, THE FIRST AMENDMENT, THE SECOND AMENDMENT, THE THIRD AMENDMENT AND THE
FOURTH AMENDMENT.
Item 4. Purpose of Transaction
On December 30, 1996, pursuant to an Agreement and Plan of Merger,
dated as of June 27, 1996 (the "Merger Agreement"), among the Company, Carlos
E. Aguero, Thomas A. Volini, Republic Industries, Inc., a Delaware corporation
("Republic"), and RI/CW Merger Corp., a Delaware corporation and wholly-owned
subsidiary of Republic ("Merger Sub"), the Company merged (the "Merger") with
and into Merger Sub, with the Company continuing as the surviving corporation
and as a wholly-owned subsidiary of Republic.
Pursuant to the Merger Agreement, each outstanding share of the
Company's Common Stock was converted into the right to receive 0.8 of one share
of Republic common stock (the "Exchange Ratio"). Republic assumed the
Company's rights and obligations with each outstanding option and warrant to
acquire shares of the Company's Common Stock, except that such options and
warrants shall be exercisable for Republic common stock, as adjusted to reflect
the Exchange Ratio.
Item 5. Interest in Securities of the Issuer
(a) As of December 30, 1996, each share of Common Stock owned by
each of the Filing Parties was converted into the right to receive 0.8 of one
share of Republic common stock. Each warrant to purchase Common Stock owned by
each of the Filing Parties was converted into the right to purchase Republic
common stock, as adjusted to reflected the Exchange Ratio.
The options to purchase Common Stock held by Maxwell were converted
into the right to purchase Republic common stock, as adjusted to reflect the
Exchange Ratio.
None of the Filing Parties or any of the persons named in Item 2 own
or may be deemed to directly or indirectly beneficially own any shares of
Common Stock.
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Page 6 of 8 Pages
(b) None of the Filing Parties have the sole power to vote and
dispose of any shares of Common Stock. None of the persons
named in Item 2 may be deemed to share the power to dispose of
or vote any shares of Common Stock.
(c) See Item 4 hereof for a description of the Merger.
(d) Not applicable.
(e) On December 30, 1996, each of the Filing Parties ceased to be
the beneficial owner of more than five percent of the Common
Stock.
<PAGE> 7
Page 7 of 8 Pages
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certify that the information set forth in
this statement is true, complete and correct.
Dated: January 10, 1997
APEX INVESTMENT FUND LIMITED
PARTNERSHIP, a Delaware limited partnership
By: Apex Management Partnership,
General Partner of Apex Investment Fund, L.P.
By: First Analysis Corporation,
General Partner of Apex Management
Partnership
By: /s/ Bret R. Maxwell
---------------------------------------
Bret R. Maxwell
Title: Managing Director
ENVIRONMENTAL VENTURE FUND LIMITED
PARTNERSHIP, a Delaware limited partnership
By: Environmental Venture Management,
a Limited Partnership, General Partner of
Environmental Venture Fund Limited
Partnership
By: First Analysis Corporation,
General Partner of Environmental
Venture Management, a Limited Partnership
By: /s/ Bret R. Maxwell
----------------------------------------
Bret R. Maxwell
Title: Managing Director
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Page 8 of 8 Pages
THE PRODUCTIVITY FUND LIMITED
PARTNERSHIP, an Illinois limited partnership
By: First Analysis Management Company,
General Partner of The Productivity Fund
Limited Partnership
By: First Analysis Corporation,
General Partner of First Analysis
Management Company
By: /s/ Bret R. Maxwell
---------------------------------
Bret R. Maxwell
Title: Managing Director
