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OMB APPROVAL
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OMB Number 3235-0104
Expires: April 30, 1997
Estimated average burden
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
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
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1. Name and Address of Reporting Person
Giddens James W.
Solely as Trustee for the Liquidation of the Business of A.R. Baron & Co., Inc.
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(Last) (First) (Middle)
P.O. Box 359, Bowling Green Station
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(Street)
New York New York 10274
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
7/11/96
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
The Jockey Club, Inc. (NASDAQ Small Capitalization: JKCLE)
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5 Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ X ] Form filed by One [ ] Form filed by More than
Reporting Person One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
Common Stock, No Par Value 311,000 (I) By Self Solely as Trustee for the
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Liquidation of the Business of
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A.R. Baron & Co., Inc.
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
/s/ James W. Giddens August 27, 1996
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute 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.
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FORM 3 (continued)
Item 1. Name and Address of Reporting Person
James W. Giddens, solely as trustee for the liquidation of the Business
of A.R. Baron & Co., Inc.
P.O. Box 359
Bowling Green Station
New York, NY 10274
Item 2. Date of Event Requiring Statement (Month/Day/Year)
July 11, 1996
Item 4. Issuer Name and Ticker or Trading Symbol
The Jockey Club, Inc. (JCKLE)
Table I: Item 4 (additional disclosure)
James W. Giddens (the "Trustee") was appointed trustee for the liquidation
of the business of A.R. Baron & Co., Inc. ("ARB") pursuant to an order of the
United States District Court for the Southern District of New York, dated July
11, 1996 (the "Court Order") under section 78eee(6)(3) of the Securities
Investor Protection Act. By operation of law, the Trustee is in possession and
effective control of the assets of ARB. Consequently, the Trustee believes that
for the purposes of Rule 13d-3(a) under the Securities Exchange Act of 1934, the
Trustee may be the beneficial owner of a total of 311,000 shares of (the
"Shares") of Common Stock, no par value, of The Jockey Club, Inc. As of the date
of the Court Order, 236,000 of the Shares were directly owned by A.R. Baron &
Co., Inc. ("ARB") and 75,000 of the Shares (the "Pledged Shares") were pledged
to ARB by Eric Broadley (the "Note Obligor") pursuant to a Secured Demand Note
Collateral Agreement for Equity Capital dated September 7, 1995 (the "Security
Agreement") by the Note Obligor in favor of ARB as security for the Note
Obligor's obligations pursuant to a Secured Demand Note dated September 4, 1995
by the Note Obligor in favor of ARB. Pursuant to the Security Agreement, the
Pledged Shares are held of record by Bear Stearns as nominee for ARB and ARB has
the right under certain conditions to liquidate the Pledged Shares.
