<PAGE> 1
- --------
FORM 3
- --------
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
<TABLE>
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Longhorn Steaks, Inc. Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) Bugaboo Creek Steak House, Inc. -- (Month/Day/Year)
(Last) (First) (Middle) 06/14/96 RARE
Building 200, 8215 Roswell Road ---------------------------- ---------------------------------- -----------------------
- ---------------------------------------- 3. IRS or Social Security 5. Relationship of Reporting 7. Individual or Joint/
(Street) Number of Reporting Person to Issuer Group Filing (Check
Atlanta Georgia 30350 Person (Voluntary) (Check all applicable) applicable line)
- -------------------------------------- 58-1498312 Director X 10% Owner Form filed by
(City) (State) (Zip) ---------------------------- ----- ----- ----- One Reporting
Officer Other Person
----- (give ----- (specify Form filed by
title below) below) ----- More than One
Reporting Person
- ----------------------------------------------------------------------------------------------------------- ------------------------
TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 4)
(Instr. 5)
Common Stock, par value $.01 per share 0* NA* NA*
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
* Pursuant to an Agreement and Plan of Merger, dated as of June 14, 1996, as amended on July 29, 1996 (the "Merger Agreement"),
among Bugaboo Creek Steak House, Inc. ("Bugaboo"), Longhorn Steaks, Inc. ("Longhorn") and Whip Merger Corporation, a wholly-owned
subsidiary of Longhorn, Longhorn entered into a Stockholder Agreement, dated as of June 14, 1996, with Edward P. Grace, III
("Grace"), who is the beneficial owner of 2,415,000 shares of the Common Stock of Bugaboo, or approximately 46.2% of the outstanding
Common Stock, pursuant to which Grace has agreed to vote in favor of approval of the Merger Agreement at every meeting of the
stockholders of Bugaboo at which such matters are considered and at every adjournment thereof and against an "Competing Transaction"
(as such term is defined in the Stockholder Agreement). Longhorn does not have a pecuniary interest in such shares and, therefore,
disclaims any beneficial ownership thereof.
Longhorn Steaks, Inc.
By: /s/ Anne D. Huemme 8/8/96
------------------------------- -----------------
** Intentional misstatements or omissions of facts constitute **Signature of Reproting Person Date
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
</TABLE>
