UNITED STATES
OFFICE OF THRIFT SUPERVISION
Washington, D.C. 20552
(Amendment No. 1)
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Shoney's Inc
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
825039100
(CUSIP Number)
Check the following box if a fee is being paid with this statement
CUSIP No. 825039100
(1) Names of Reporting Persons; S.S. or I.R.S. Identification Nos. of
Reporting Persons
Union Bank of Switzerland, None
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
X(b)
This report includes holdings of certain subsidiaries of the Union Bank of
Switzerland (UBS) pursuant to a no action letter to UBS by the staff of the
SEC dated November 23, 1992. UBS does not hereby affirm the existence of a
group within the meaning of Rule 13d-5(6)(1).
(3) SEC Use Only
(4) Citizenship or Place of Organization
Switzerland
Number of Shares Beneficially Owned by Each Reporting Person With
(5)
Sole Voting Power
274,987
(6)
Shared Voting Power
3,720,600 shares of common stock
(7)
Sole Dispositive Power
274,987
(8)
Shared Dispositive Power
4,272,200 shares of common stock
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
4,553,787 Shares of Common Stock
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
(11) Percent of Class Represented by Amount in Row (9)
Approximately 11%
(12) Type of Reporting Person (See Instructions)
00
SCHEDULE 13G
Item 1 (a)
Name of Issuer:
Shoney's Inc
Item 1 (b)
Address of Issuer's Principal Executive Offices:
1727 Elm Hill Pike, P.O. Box 1260, Nashville, TN 37202
Item 2 (a)
Name of Persons Filing:
Union Bank of Switzerland
Item 2 (b)
Addresses of Principal Business Offices or, if none, Residence:
Bahnhofstrasse 45, 8021 Zurich, Switzerland
Item 2 (c)
Citizenship:
Switzerland
Item 2 (d)
Title of Class of Securities:
Common Stock, $1.00
Item 2 (e)
CUSIP Number:
825039100
Item 3
If this statement is filed pursuant to Rules 13d-1(b), or 13(d)-2(b),
check whether the person filing is a:
(a)
Broker or Dealer registered under Section 15 of the Act
(b)
x
Bank as defined in section 3(a) (6) of the Act- See item 2(b) of cover sheet
(c)
Insurance Company as defined in section 3(a) (19) of the Act
(d)
Investment Company registered under section 8 of the Investment
Company Act
(e)
Investment Adviser registered under section 203 of the Investment Advisers
Act of 1940
(f)
Employee Benefit Plan, Pension Fund which is subject to the provisions of the
Employee Retirement Income Security Act of 1974 or Endowment Fund; see
sect 240.13d-1(b) (1) (ii) (F)
(g)
Parent Holding Company, in accordance with sect 240.13d-1(b) (ii) (G)
(Note: See Item 7)
(h)
x
Group, in accordance with sect 240.13d-1(b) (1) (ii) (H)
See item 2 (b) of cover sheet.
Item 4
Ownership
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2)
if applicable, exceeds five percent, provide the following information as of
that date and identify those shares which there is a right to acquire.
(a)
Amount Beneficially Owned:
4,553,787 Shares of Common Stock
(b)
Percent of Class:
Approximately 11%
(c)
Number of shares as to which such person has:
(i)
sole power to vote or to direct the vote
274,987
(ii)
shared power to vote or to direct the vote
3,720,600 shares of Common Stock
(iii)
sole power to dispose or to direct the disposition of
574,987
(iv)
shared power to dispose or to direct the disposition of
4,272,200 shares of Common Stock
CUSIP No. 825039100
Item 5
Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ ]
Item 6
Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7
Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not Applicable
Item 8
Identification and Classification of Members of the Group
See Exhibit A attached to initial Schedule 13G.
Item 9
Notice of Dissolution of Group
Not Applicable
Item 10
Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do
not have the effect of changing or influencing the control of the
issuer of such securities and were not acquired in connection with
or as a participant in any transaction having such purposes or
effect.
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.
Date: February 13, 1996
Union Bank of Switzerland
By:
Name: Louis R. Eber
Title: Managing Director
By:
Name: Janet R. Zimmer
Title: Managing Director
