UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
STIMSONITE CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
860832104
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ X / Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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 the section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13G
CUSIP NO. 860832104
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Quaker Capital Management Corporation
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2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b) X
-----
3. SEC Use Only
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4. Citizenship or Place of Organization Pennsylvania
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Number of 5. Sole Voting Power 238,800
Shares ---------------
Beneficially 6. Shared Voting Power 613,775
Owned by ---------------
Each Reporting 7. Sole Dispositive Power 238,800
Person ---------------
With: 8. Shared Dispositive Power 613,775
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
852,575
-------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
--------
The Reporting Person disclaims beneficial ownership of 845,575 shares
owned by its clients.
11. Percent of Class Represented by Amount in Row (9) 10.22%
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12. Type of Reporting Person IA
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Page 2 of 4 Pages
<PAGE>
SCHEDULE 13G
CUSIP NO. 860832104
This constitutes Amendment No. 3 to the Schedule 13G of Quaker Capital
Management Corporation filed with the Securities and Exchange Commission on
February 11, 1997 relating to the Common Stock of Stimsonite Corporation, as
amended by Amendment No. 1 filed with the Commission on February 13, 1998 and
Amendment No. 2 filed with the Commission on October 7, 1998 (the "Schedule
13G").
Item 4 of the Schedule 13G is hereby amended and restated to read as follows:
Item 4. Ownership
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(a) The Reporting Person, in its capacity as investment adviser, may be
deemed to be the beneficial owner of 845,575 shares of the Common
Stock of the Issuer which are owned by various investment advisory
clients of the Reporting Person in accounts over which the Reporting
Person has discretionary authority. The filing of this report shall
not be construed as an admission that the Reporting Person is, for
purposes of Section 13(d) or 13(g) of the Act, the beneficial owner
of these securities. Additionally, the Reporting Person and/or its
principals own 7,000 shares of the Common Stock of the Issuer.
(b) The shares covered by this report represent 10.22% of the Common
Stock of the Issuer.
(c) None of the clients of the Reporting Person is known to own more
than 5% of the Common Stock of the Issuer. The Reporting Person has
shared voting and dispositive power over 613,775 shares and sole
voting and dispositive power over 231,800 shares owned by its
clients and held in accounts over which it has discretionary
authority. The Reporting Person and/or its principals have sole
voting and dispositive power over the 7,000 shares owned by the
Reporting Person and/or its principals.
Item 6 of the Schedule 13G is hereby amended and restated to read as follows:
Item 6. Ownership of More than Five Percent on
Behalf of Another Person
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845,575 of the shares with respect to which this report is filed are
owned by a variety of investment advisory
Page 3 of 4 Pages
<PAGE>
SCHEDULE 13G
CUSIP NO. 860832104
clients of the Reporting Person, which clients are entitled to
receive dividends on and the proceeds from the sale of such shares.
No client is known to own more than 5% of the class.
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.
February 14, 1999
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Date
/s/ Mark G. Schoeppner
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Signature
Mark G. Schoeppner, President
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Name/Title
Page 4 of 4 Pages
