SECURITIES AND EXCHANGE COMMISSION PRIVATE
Washington, D.C. 20549
______________________
SCHEDULE 13D
Amendment Number 4
Under the Securities Exchange Act of 1934
Transportacion Maritima Mexicana SA de CV
(Name of Issuer)
ADRs
(Title of Class of Securities)
893868208
(CUSIP Number)
Arthur Goetchius
350 Park Avenue, 11th Fl., New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
March 24, 1998
(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 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 purposes 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 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
__________________________________________________________
(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
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
298,230
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
298,230
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
298,230
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.10%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(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
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
991,285
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
996,750
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
996,750
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.02%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev Partners, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(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
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
149,520
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
149,520
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
149,520
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.05%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Partners, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(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
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
15,000
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
15,000
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
15,000
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.11%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,454,035
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,459,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,459,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.28%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,454,035
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,459,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,459,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.28%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,454,035
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,459,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,459,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.28%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,454,035
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,459,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,459,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.28%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,454,035
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,459,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,459,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.28%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 20 pages
13D
CUSIP No. 893868208
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Lautman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,454,035
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,459,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,459,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.28%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 20 pages
The Schedule 13D, initially filed on October 1, 1997, of (i) EGS
Associates, L.P., a Delaware limited partnership ("EGS Associates"), (ii) EGS
Partners, L.L.C., a Delaware limited liability company ("EGS Partners"), (iii)
Bev Partners, L.P., a Delaware limited partnership ("Bev Partners"), (iv)
Jonas Partners, L.P., a Delaware limited partnership ("Jonas Partners"), (v)
William Ehrman, (vi) Frederic Greenberg, (vii) Frederick Ketcher, (viii) Jonas
Gerstl, (ix) James McLaren and (x) William D. Lautman, relating to the
American Depository Receipts (the "ADRs") (each ADR representing one Series
"L" share of Common Stock) (the "Shares")issued by Transportacion Maritima
Mexicana SA de CV (the "Company"), is hereby amended by this Amendment No. 4
to the Schedule 13D as follows:
Item 2 is hereby amended and restated in its entirety as follows:
ITEM 2. IDENTITY AND BACKGROUND.
- ---------------------------------
(a) This statement is filed by (i) EGS Associates, L.P., a Delaware
limited partnership ("EGS Associates"), with respect to Shares beneficially
owned by it, (ii) EGS Partners, L.L.C., a Delaware limited liability company
("EGS Partners"), with respect to shares of Common Stock beneficially owned by
EGS Overseas Fund Limited, a British Virgin Islands corporation ("EGS
Overseas"), as well as shares of Common Stock held in other discretionary
accounts managed by EGS Partners, (iii) Bev Partners, L.P., a Delaware limited
partnership ("Bev Partners"), with respect to Shares beneficially owned by it,
(iv) Jonas Partners, L.P., a Delaware limited partnership ("Jonas Partners"),
with respect to Shares beneficially owned by it, (v) William Ehrman, with
respect to Shares beneficially owned by EGS Associates, EGS Partners, Bev
Partners, and Jonas Partners; (vi) Frederic Greenberg, with respect to Shares
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas
Partners; (vii) Frederick Ketcher, with respect to Shares beneficially owned
by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners; (viii)
Jonas Gerstl, with respect to Shares beneficially owned by EGS Associates, EGS
Partners, Bev Partners, and Jonas Partners; (ix) James McLaren, with respect
to Shares beneficially owned by EGS Associates, EGS Partners, Bev Partners,
and Jonas Partners, and (x) William Lautman, with respect to Shares
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas
Partners. The foregoing persons hereinafter sometimes are referred to
collectively as the "Reporting Persons". Any disclosures herein with respect
to persons other than the Reporting Persons are made on information and belief
after making inquiry to the appropriate party.
The members of EGS Partners and the general partners of EGS Associates,
Bev Partners, and Jonas Partners are William Ehrman, Frederic Greenberg,
Frederick Ketcher, Jonas Gerstl, James McLaren and William Lautman
(collectively, the "General Partners").
(b) The address of the principal business and principal office of (i)
EGS Associates, EGS Partners, BEV Partners, Jonas Partners and each of the
General Partners is 350 Park Avenue, 11th Floor, New York, New York 10022 and
(ii) EGS Overseas is c/o CITCO Fund Services (Curacao) N.V., Kaya Flamboyan 9,
Curacao, Netherlands Antilles.
(c) The principal business of each of EGS Associates, EGS Overseas,
BEV Partners and Jonas Partners is that of a private investment firm, engaging
Page 12 of 20 pages
in the purchase and sale of securities for investment for its own account.
The principal business of EGS Partners is that of a registered investment
adviser under the Investment Advisers Act of 1940, as amended, engaging in the
purchase and sale of securities for investment on behalf of discretionary
accounts including EGS Overseas. The present principal occupations of the
General Partners are as general partners of EGS Associates, Bev Partners and
Jonas Partners, as members of EGS Partners, and as Managing Directors of EGS
Securities Corp.
(d) None of the persons referred to in paragraph (a) above has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the persons referred to in paragraph (a) above has,
during the last five years, been 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 violation with respect to such
laws.
(f) Each of the individuals referred to in paragraph (a) above is a
United States citizen. EGS Associates, BEV Partners and Jonas Partners are
Delaware limited partnerships. EGS Partners is a Delaware limited liability
company. EGS Overseas is a British Virgin Islands corporation.
Item 3 is hereby amended and restated in its entirety as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
- -----------------------------------------------------------
The net investment cost (including commissions, if any) of the ADRs
beneficially owned by EGS Associates, EGS Partners, (exclusive of shares
beneficially owned by EGS Overseas), EGS Overseas, Bev Partners, and Jonas
Partners is approximately $2,158,702, $7,359,282, $7,354, $1,085,091, and
$107,400, respectively.
Messrs. Ehrman, Greenberg, Ketcher, Gerstl, McLaren and Lautman currently
own no Shares or ADRs.
The ADRs purchased by each of EGS Associates, Bev Partners, and Jonas
Partners were purchased with the investment capital of the respective entities
and with investment capital of each discretionary account under management of
EGS Partners.
The ADRs beneficially owned by EGS Associates, EGS Partners, (excluding
EGS Overseas), EGS Overseas, Bev Partners, and Jonas Partners are held in
their respective commingled margin accounts, or in the case of EGS Partners,
in margin and non-margin accounts held by each discretionary account under its
management. Such margin accounts are maintained at NationsBanc Montgomery
Securities, L.L.C. and may from time to time have debit balances. Since other
securities are held in such margin accounts, it is not possible to determine
the amounts, if any, of margin used with respect to the ADRs purchased. Non-
margin accounts are maintained at Bankers Trust Company. Currently, the
interest rate charged on such various margin accounts is approximately 8.25%
per annum.
Page 13 of 20 pages
Item 5 is hereby amended and restated in its entirety as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
- ----------------------------------------------
(a) The approximate aggregate percentage of shares of ADRs
reported beneficially owned by each person herein is based on 14,198,884
shares outstanding, which is the total number of Shares outstanding as of
December 31, 1996, as reflected in the Company's Form 20-F filed with the
Securities and Exchange Commission for the period ended December 31, 1996
(which is the most recent Form 20-F on file).
As of the close of business on April 3, 1998:
(i) EGS Associates owns beneficially 298,230 Shares,
constituting approximately 2.10% of the Shares outstanding.
(ii) EGS Partners owns directly no Shares. By reason of the
provisions of Rule 13D-3 of the Securities Exchange Act of 1934, as amended
(the "Act"), EGS Partners may be deemed to own beneficially 995,650 Shares,
(constituting approximately 7.01% of the shares outstanding), purchased for
discretionary accounts managed by it, other than EGS Overseas, and 1,100
shares of Common Stock purchased for EGS Overseas (constituting approximately
.01% of the shares outstanding), which, when aggregated, total 996,750 shares
of Common Stock, constituting approximately 7.02% of the shares outstanding.
(iii) Bev Partners owns beneficially 149,520 Shares,
constituting less than 1% of the Shares outstanding.
(iv) Jonas Partners owns 15,000 Shares, constituting less than
1% of the Shares outstanding.
(v) Messrs. Ehrman, Greenberg, Gerstl, Ketcher, McLaren and
Lautman own directly no Shares.
The Reporting Partners' ownership reported herein is through
ownership of related ADRs.
By reason of the provisions of Rule 13D-3 of the Act, each of the
General Partners may be deemed to own the 298,230 shares beneficially owned by
EGS Associates, the 996,750 shares beneficially owned by EGS Partners, the
149,520 shares beneficially owned by Bev Partners, and the 15,000 shares
beneficially owned by Jonas Partners. When the shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners, and Jonas Partners are
aggregated, they total 1,459,500 Shares, constituting approximately 10.28% of
the Shares outstanding.
(vi) In the aggregate, the Reporting Persons beneficially own a
total of 1,459,500 Shares, constituting approximately 10.28% of the Shares
outstanding.
(b) (i) Each of EGS Associates, EGS Partners (with respect
to shares held by EGS Overseas and other discretionary accounts), Bev
Partners, and Jonas Partners has the power to vote and to dispose of the
Shares beneficially owned by it,
Page 14 of 20 pages
which power may be exercised by the General Partners. Each of EGS Overseas
and the discretionary accounts is a party to an investment management
agreement with EGS Partners pursuant to which EGS Partners has investment
authority with respect to securities held in such account.
(c) The trading dates, number of ADRs purchased or sold and
price per share for all transactions in the ADRs from the 60th day prior to
March 24, 1998 until April 3, 1998 by EGS Associates, Bev Partners, EGS
Partners (excluding EGS Overseas) and EGS Overseas, are set forth in Schedules
A, B, C, and D, respectively, and were all effected on the New York Stock
Exchange. During such period, Jonas Partners and Messrs. Ehrman, Greenberg,
Ketcher, Gerstl, McLaren and Lautman did not enter into any transactions in
the ADRs.
(d) No person other than each respective record owner of ADRs
referred to herein is known to have the right to receive or the power to
direct the receipt of dividends from or the proceeds of sale of such ADRs.
Page 15 of 20 pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED:
________________________________
Frederic Greenberg, as Attorney-
in-Fact for William Ehrman,
individually and as general
partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P., and
as member EGS PARTNERS, L.L.C.
________________________________
Frederic Greenberg, individually
and as general partner of each
of EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member EGS
PARTNERS, L.L.C.
________________________________
Frederick Ketcher, individually
and as general partner of each
of EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member EGS
PARTNERS, L.L.C.
________________________________
Jonas Gerstl, individually and
as general partner of each of
EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member EGS
PARTNERS, L.L.C.
________________________________
James McLaren, individually and
as general partner of each of
EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member EGS
PARTNERS, L.L.C.
________________________________
William Lautman, individually
and as general partner of each
of EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS,
L.P., and as member EGS
PARTNERS, L.L.C.
Page 16 of 20 pages
Schedule A
----------
EGS Associates, L.P.
--------------------
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
2/6/98 5,000 $7.31
2/11/98 5,060 $7.00
3/24/98 14,360 $6.94
3/30/98 5,000 $7.51
3/31/98 5,000 $7.57
4/2/98 10,000 $8.01
4/3/98 5,000 $7.95
Page 17 of 20 pages
Schedule B
----------
EGS Partners, L.L.C.
--------------------
(excluding EGS Overseas Fund Limited)
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/23/98 10,000 $6.37
1/26/98 5,000 $6.50
1/27/98 12,300 $6.66
1/30/98 1,500 $6.81
2/2/98 15,000 $7.12
2/3/98 15,000 $7.45
2/4/98 15,000 $7.44
2/6/98 8,000 $7.42
2/9/98 10,000 $7.06
2/10/98 10,000 $6.81
2/11/98 13,040 $7.00
2/13/98 10,000 $6.75
2/25/98 5,000 $7.12
2/26/98 10,000 $6.96
2/27/98 10,000 $7.00
3/2/98 5,000 $6.94
3/6/98 10,000 $6.94
3/12/98 10,000 $7.00
3/17/98 10,000 $6.75
3/24/98 200 $6.94
4/1/98 10,000 $8.01
4/3/98 5,000 $7.82
Page 18 of 20 pages
Schedule C
----------
Bev Partners, L.P.
------------------
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/28/98 5,000 $6.75
2/11/98 1,900 $7.00
3/16/98 10,000 $6.88
3/23/98 6,000 $6.88
3/24/98 5,440 $6.94
Page 19 of 20 pages
Schedule D
----------
EGS Overseas Fund Limited
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
3/18/98 1,100 $6.69
Page 20 of 20 pages
(..continued)
