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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Richemont Finance S.A.
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(Last) (First) (Middle)
35 Boulevard Prince Henri
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(Street)
L 1724 Luxembourg
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Hanover Direct, Inc. (HNV)
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
7/98
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form filed by one Reporting Person
[X ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
4.
Securities Acquired (A) or
3. Disposed of (D)
Transaction (Instr. 3, 4 and 5)
2. Code ------------------------------------
1. Transaction (Instr. 8) (A)
Title of Security Date ------------ Amount or Price
(Instr. 3) (mm/dd/yy) Code V (D)
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<S> <C> <C> <C> <C> <C> <C>
Common Stock 7/31/98 X 5,646,490 A $13,640,796.21
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<CAPTION>
6.
5. Owner-
Amount of ship
Securities Form: 7.
Beneficially Direct Nature of
Owned at End (D) or Indirect
1. of Month Indirect Beneficial
Title of Security (Instr. 3 (I) Ownership
(Instr. 3) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C>
Common Stock 102,790,657 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
(Over)
SEC 1474(7-97)
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
2.
Conver- 5.
sion Number of
or Derivative 6.
Exer- 4. Securities Date
cise 3. Trans- Acquired (A) Exercisable and
Price Trans- action or Disposed Expiration Date
1. of action Code of(D) (Month/Day/Year)
Title of Deriv- Date (Instr. (Instr. 3, -------------------
Derivative ative (Month/ 8) 4 and 5) Date Expira-
Security Secur- Day/ ------ ------------ Exer- tion
(Instr. 3) ity Year) Code V (A) (D) cisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Warrants $2.16 7/31/98 X 931,791 10/25/91 8/1/98
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Warrants $2.59 7/31/98 X 1,750,000 7/8/91 8/1/98
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Warrants $1.95 7/31/98 X 279,110 10/25/91 8/1/98
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<CAPTION>
9. 10.
Number Owner-
of ship
Deriv- of
7. ative Deriv- 11.
Title and Amount Secur- ative Nature
of Underlying 8. ities Secur- of
Securities Price Bene- ity: In-
(Instr. 3 and 4) of ficially Direct direct
-------------------- Deriv- Owned (D) or Bene-
1. Amount ative at End In- ficial
Title of or Secur- of direct Owner-
Derivative Number ity Month (I) ship
Security of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C>
Warrants Common Stock 1,728,923 0 D
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Warrants Common Stock 3,542,292 0 D
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Warrants Common Stock 375,275 0 D
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</TABLE>
Explanation of Responses:
/s/ Robert Wessely 8/6/98
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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 is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1474(7-97)
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Form 4 Joint Filer Information
1.
Name: Richemont S.A.
Address: 35 Boulevard Prince Henri
L 1724 Luxembourg
Designated Filer: Richemont Finance S.A.
Issuer & Ticker Symbol: Hanover Direct, Inc. (HNV)
Date of Event Requiring Statement: July 31, 1998
Ownership Form: Indirect (affiliate)
Signature: /s/ Robert P. Wessely
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By: Robert P. Wessely
Its: Attorney-in-Fact
2.
Name: Richemont Holdings S.A.
Address: 35 Boulevard Prince Henri
L 1724 Luxembourg
Designated Filer: Richemont Finance S.A.
Issuer & Ticker Symbol: Hanover Direct, Inc. (HNV)
Date of Event Requiring Statement: July 31, 1998
Ownership Form: Indirect (affiliate)
Signature: /s/ Robert P. Wessely
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By: Robert P. Wessely
Its: Attorney-in-Fact
Page # 3 of # 4 pages
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3.
Name: Compagnie Financiere Richemont AG
Address: Rigistrasse 2
6300 Zug Switzerland
Designated Filer: Richemont Finance S.A.
Issuer & Ticker Symbol: Hanover Direct, Inc. (HNV)
Date of Event Requiring Statement: July 31, 1998
Ownership Form: Indirect (affiliate)
Signature: /s/ Robert P. Wessely
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By: Robert P. Wessely
Its: Attorney-in-Fact
4.
Name: Compagnie Financiere Rupert
Address: Rigistrasse 2
6300 Zug Switzerland
Designated Filer: Richemont Finance S.A.
Issuer & Ticker Symbol: Hanover Direct, Inc. ("HNV")
Date of Event Requiring Statement: July 31, 1998
Ownership Form: Indirect (affiliate)
Signature: /s/ Robert P. Wessely
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By: Robert P. Wessely
Its: Attorney-in-Fact
Page # 4 of # 4 pages
