<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 1
Applied Analytical Industries, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
037939105
-----------------------------------
(CUSIP Number)
DAVID J. GREENWALD, ESQ.
GOLDMAN, SACHS & CO.
85 BROAD STREET
NEW YORK, NEW YORK 10004
(212) 902-1000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 5, 1997
- --------------------------------------------------------------------------------
(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) (3) or (4), check the following box:
------
Page 1 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
------
(b)
------
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
- --------------------------------------------------------------------------------
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
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 2,579,976
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
2,579,976
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,579,976
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
15.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
HC-PN
- --------------------------------------------------------------------------------
Page 2 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
------
(b)
------
- --------------------------------------------------------------------------------
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) X
------
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
New York
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 2,579,976
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
2,579,976
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,579,976
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
15.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
Page 3 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Capital Partners II, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
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
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 1,428,549
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
1,428,549
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,428,549
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
8.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 4 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Capital Partners II Offshore, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
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
Cayman Islands
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 567,908
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
567,908
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
567,908
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 5 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Capital Partners II (Germany) Civil Law Partnership (with
limitation of liability)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
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
Germany
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 52,691
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
52,691
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
52,691
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 6 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Advisors, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
- --------------------------------------------------------------------------------
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
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 1,428,549
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
1,428,549
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,428,549
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
8.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 7 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Advisors II (Cayman), L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Cayman Islands
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 567,908
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
567,908
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
567,908
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 8 of 21 Pages
<PAGE>
- ---------------------------
CUSIP NO.
037939105
- ---------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co. oHG
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Germany
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------------------
Each 8. Shared Voting Power
Reporting
Person With 52,691
-----------------------------------------------------
9. Sole Dispositive Power
0
-----------------------------------------------------
10. Shared Dispositive Power
52,691
-----------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
52,691
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 9 of 21 Pages
<PAGE>
AMENDMENT NO. 1 TO
------------------
SCHEDULE 13D
RELATING TO THE COMMON STOCK OF
APPLIED ANALYTICAL INDUSTRIES, INC.
GS Capital Partners II, L.P. ("GSCP"), GS Capital Partners II Offshore,
L.P. ("GSCP II Offshore"), GS Capital Partners II (Germany) C.L.P. ("GSCP II
Germany" and, together with GSCP and GSCP II Offshore, "GSCP II"), GS Advisors,
L.P. ("GS Advisors"), GS Advisors II (Cayman), L.P. ("GS Advisors Cayman"),
Goldman, Sachs & Co. oHG ("GS oHG"), Goldman, Sachs & Co. ("Goldman Sachs") and
The Goldman Sachs Group, L.P. ("GS Group" and, together with GSCPII, GS
Advisors, GS Advisors Cayman, GS oHG and Goldman Sachs, the "Reporting
Persons")/1/* hereby amend and supplement the statement on Schedule 13D filed
with respect to the common stock, par value $.001 per share (the "Common
Stock"), of Applied Analytical Industries, Inc., a Delaware corporation (the
"Company"), dated September 30, 1996 (the "Schedule 13D"). Unless otherwise
indicated, all capitalized terms not otherwise defined herein shall have the
same meanings as those set forth in the Schedule 13D.
This Amendment No. 1 is being filed to report an increase in the percentage
of the outstanding shares of Common Stock beneficially owned by the Filing
Persons, which change resulted from an increase in the number of Shares held in
client accounts managed by Goldman Sachs ("Managed Accounts").
Item 2. Identity and Background.
-----------------------
Item 2 is hereby amended and restated as follows:
Each of GSCP, a Delaware limited partnership, GSCP II Offshore, a Cayman
Islands exempted limited partnership, and GSCP II Germany, a German civil law
partnership, was formed for the purpose of investing in equity and equity-
related securities primarily acquired or issued in leveraged acquisitions,
reorganizations and other private equity transactions. GS Advisors, a Delaware
limited partnership, is the sole general partner of GSCP. GS Advisors Cayman, a
Cayman Islands exempted limited partnership, is the sole general partner of
GSCP II Offshore. GS oHG is the sole managing partner of GSCP II Germany.
Goldman Sachs, a New York limited partnership, is an investment banking
firm and a member of the New York Stock Exchange, Inc. and other national
exchanges. GS Group, one of the general partners of Goldman Sachs, owns a 99%
interest in Goldman Sachs. GS Group is a Delaware limited partnership and a
holding partnership that (directly or indirectly through subsidiaries or
affiliated companies or both) is a leading investment banking organization. The
other general partner of Goldman Sachs is The Goldman, Sachs & Co. L.L.C., a
Delaware limited liability company ("GS L.L.C."), which is a wholly owned
subsidiary of GS Group and The Goldman Sachs Corporation, a Delaware corporation
("GS Corp."). GS Corp. is the sole general partner of GS Group. The principal
business address of each of Goldman Sachs, GS Group, GS Corp., GS L.L.C., GSCP
and GS Advisors is 85 Broad Street, New York, NY 10004. The principal business
address of each of GSCP II Offshore and GS Advisors Cayman is c/o Maples and
Calder, P.O. Box 309, Grand Cayman, Cayman Islands. The principal business
address of each of GSCP II Germany and GS oHG is Messeturm Friedrich-Ebert-
Anlage 49, 60308 Frankfurt am Main, Germany.
The name, business address, present principal occupation or employment and
citizenship of each director of GS Corp. and GS L.L.C. and of each member of the
executive committees of GS Corp., GS L.L.C., GS Group and Goldman Sachs are set
forth in Schedule I hereto and are incorporated herein by reference.
- ------------------
* Neither the present filing nor anything contained herein shall be construed
as an admission that any Reporting Person constitutes a "person" for any
purpose other than Section 13(d) of the Securities Exchange Act of 1934.
pages 10 of 21 pages
<PAGE>
The name, business address, present principal occupation or employment and
citizenship of each director and executive officer of GS Advisors, Inc. and GS
Advisors II, Inc., each a Delaware corporation and the sole general partner of
GS Advisors and GS Advisors Cayman, respectively, are set forth in Schedules II-
A-i and II-A-ii hereto, respectively, and are incorporated herein by reference.
The name, business address, present principal occupation or employment and
citizenship of each managing director of Goldman, Sachs & Co. Finanz GmbH which
is the general partner of oHG are set forth in Schedule II-B hereto and are
incorporated herein by reference.
During the last five years, none of the Filing Persons, or to the knowledge
of each of such Filing Persons, any of the persons listed on Schedule I, II-A-i,
II-A-ii or II-B hereto, (i) has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) except as set
forth in Schedule III hereto, has 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.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Item 5 is hereby amended and restated as follows:
(a) As of June 24, 1997, GSCP beneficially owned, and GS Advisors may be
deemed to beneficially own, an aggregate of 1,428,549 shares of Common Stock,
representing in the aggregate approximately 8.8% of the shares of Common Stock
reported to be outstanding as of May 15, 1997 (as reported in the Company's
Quarterly Report on Form 10-Q for the period ended March 31, 1997).
As of June 24, 1997, GSCP II Offshore beneficially owned, and GS
Advisors Cayman may be deemed to beneficially own, an aggregate of 567,908
shares of Common Stock representing approximately 3.5% of the shares of Common
Stock reported to be outstanding as of May 15, 1997 (as reported in the
Company's Quarterly Report on Form 10-Q for the period ended March 31, 1997).
As of June 24, 1997, GSCP II Germany beneficially owned, and GS oHG may
be deemed to beneficially own, an aggregate of 52,691 shares of Common Stock,
representing in the aggregate approximately 0.3% of the shares of Common Stock
reported to be outstanding as of May 15, 1997 (as reported in the Company's
Quarterly Report on Form 10-Q for the period ended March 31, 1997).
As of June 24, 1997, each of Goldman Sachs and GS Group may be deemed to
beneficially own an aggregate of 2,579,976 shares of Common Stock including (i)
the shares of Common Stock beneficially owned by GSCP II described above, (ii)
227,684 shares of Common Stock held by certain other limited partnerships of
which affiliates of Goldman Sachs and GS Group are the general partner or
managing general partner (together with GSCP II, the "Limited Partnerships"),
(iii) 266 shares of Common Stock acquired in ordinary course trading
activities, and (iv) 302,878 shares of Common Stock held in Managed Accounts,
representing in the aggregate approximately 15.8% of the Common Stock reported
to be outstanding as of May 15, 1997 (as reported in the Company's Quarterly
Report on Form 10-Q for the period ended March 31, 1997).
Goldman Sachs and GS Group each disclaim beneficial ownership of shares
of Common Stock held in Managed Accounts or through the Limited Partnerships to
the extent interests therein are held by persons other than Goldman Sachs, the
GS Group, or their affiliates. None of the Filing Persons, and, to the knowledge
of each of the Filing Persons, none of the Limited Partnerships that is not a
Filing Person, beneficially owns any shares of Common Stock other than as set
forth herein.
(b) Each Filing Person shares the power to vote or direct the vote and
to dispose or direct the disposition of shares of Common Stock beneficially
owned by such Filing Person as indicated in the second through ninth pages of
this filing.
(c) Schedule IV set forth transactions in the Common Stock which have
been effected during the 60 day period from April 6, 1997 through June 24, 1997,
all of which were effected in the ordinary course of business of Goldman Sachs.
Except for the privately negotiated acquisition of 277,778 shares of Common
Stock for Managed Accounts effected on June 5, 1997, the transactions in the
Common Stock, described in Schedule IV, were effected in the NASDAQ National
Market. The total consideration (exclusive of commissions) for the shares of
Common Stock purchased during this period was approximately $6,768,021.75.
Except as set forth on Schedule IV, no transactions in the Common Stock
were effected by Filing Persons, or to the knowledge of any of the Filing
Persons, any of the persons listed on Schedules I, II-A-i, II-A-ii or II-B
hereto, during the period from April 6, 1997 through June 24, 1997.
(d) No other person is known by any Filing Person to have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any shares of Common Stock beneficially owned by any Filing
Person.
(e) Not applicable.
page 11 of 21 pages
<PAGE>
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.
July 2, 1997
GOLDMAN, SACHS & CO.
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: Managing Director
THE GOLDMAN SACHS GROUP, L.P.
By: The Goldman Sachs Corporation,
its general partner
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: Executive Vice President
GS CAPITAL PARTNERS II, L.P.
By: GS Advisors, L.P., its general partner
By: GS Advisors, Inc., its general partner
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: President
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: GS Advisors II (Cayman), L.P., its general
partner
By: GS Advisors II, Inc., its general partner
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: President
<PAGE>
GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW
PARTNERSHIP (with limitation of liability)
By: Goldman, Sachs & Co. oHG, its managing
partner
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: Attorney-in-Fact
GS ADVISORS, L.P.
By: GS Advisors, Inc., its general partner
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: President
GS ADVISORS II (CAYMAN), L.P.
By: GS Advisors II, Inc., its general partner
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: President
GOLDMAN, SACHS & CO. oHG
By: Goldman, Sachs & Co. Finanz GmbH, its
managing partner
By: /s/Richard A. Friedman
-------------------------------
Name: Richard A. Friedman
Title: Attorney-in-Fact
<PAGE>
SCHEDULE I
----------
The name of each director of The Goldman Sachs Corporation and The
Goldman, Sachs & Co. L.L.C. and of each member of the executive committees
of The Goldman Sachs Corporation, The Goldman Sachs & Co. L.L.C., The
Goldman Sachs Group, L.P. and Goldman, Sachs & Co. is set forth below.
The business address of each person listed below except John A. Thain
and John L. Thornton is 85 Broad Street, New York, NY 10004. The business
address of John A. Thain and John L. Thornton is 133 Fleet Street, London
EC4A 2BB, England. Each person is a citizen of the United States of
America. The present principal occupation or employment of each of the
listed persons is as a managing director of Goldman, Sachs & Co. or another
Goldman Sachs operating entity and as a member of the executive committee.
Jon Z. Corzine
Henry M. Paulson, Jr.
Roy J. Zuckerberg
Robert J. Hurst
John A. Thain
John L. Thornton
<PAGE>
SCHEDULE II-A-i
---------------
The name, position and present principal occupation of each director and
executive officer of GS Advisors, Inc., the sole general partner of GS Advisors,
L.P., which is the sole general partner of GS Capital Partners II, L.P., are set
forth below.
The business address for all the executive officers and directors listed
below except Henry Cornell is 85 Broad Street, New York, New York 10004. The
business address of Henry Cornell is 3 Garden Road, Hong Kong.
All executive officers and directors listed below are United States
citizens.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- ---- -------- ----------------------------
<S> <C> <C>
Richard A. Friedman Director/President Managing Director of
Goldman, Sachs & Co.
Terence M. O'Toole Director/Vice President Managing Director of
Goldman, Sachs & Co.
Carla H. Skodinski Vice President/Secretary Vice President of
Goldman, Sachs & Co.
Elizabeth S. Cogan Treasurer Vice President of
Goldman, Sachs & Co.
Joseph H. Gleberman Director/ Vice President Managing Director of
Goldman, Sachs & Co.
Henry Cornell Vice President Managing Director of
Goldman Sachs (Asia) L.L.C.
Barry S. Volpert Director/Vice President Managing Director of
Goldman, Sachs & Co.
Eve M. Gerriets Vice Vice President of
President/Assistant Goldman, Sachs & Co.
Secretary
David J. Greenwald Assistant Secretary Vice President of
Goldman, Sachs & Co.
C. Douglas Fuge Assistant Treasurer Vice President of
Goldman, Sachs & Co.
</TABLE>
<PAGE>
SCHEDULE II-A-ii
----------------
The name, position and present principal occupation of each director and
executive officer of GS Advisors II, Inc., the sole general partner of GS
Advisors II (Cayman), L.P., which is the sole general partner of GS Capital
Partners II Offshore, L.P., are set forth below.
The business address for all the executive officers and directors listed
below except Henry Cornell is 85 Broad Street, New York, New York 10004. The
business address of Henry Cornell is 3 Garden Road, Hong Kong.
All executive officers and directors listed below are United States
citizens.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- ---- -------- ----------------------------
<S> <C> <C>
Richard A. Friedman Director/President Managing Director of
Goldman, Sachs & Co.
Terence M. O'Toole Director/Vice President Managing Director of
Goldman, Sachs & Co.
Carla H. Skodinski Vice President/Secretary Vice President of
Goldman, Sachs & Co.
Elizabeth S. Cogan Treasurer Vice President of
Goldman, Sachs & Co.
Joseph H. Gleberman Director/ Vice President Managing Director of
Goldman, Sachs & Co.
Henry Cornell Vice President Managing Director of
Goldman Sachs (Asia) L.L.C.
Barry S. Volpert Director/Vice President Managing Director of
Goldman, Sachs & Co.
Eve M. Gerriets Vice Vice President of
President/Assistant Goldman, Sachs & Co.
Secretary
David J. Greenwald Assistant Secretary Vice President of
Goldman, Sachs & Co.
C. Douglas Fuge Assistant Treasurer Vice President of
Goldman, Sachs & Co.
</TABLE>
<PAGE>
SCHEDULE II-B
-------------
The name, position and present occupation of each executive officer and
director of Goldman, Sachs & Co. Finanz GmbH which is the general
partner of Goldman, Sachs & Co. oHG are set forth below.
The business address for Paul M. Achleitner and Ernst Tschoeke is
MesseTurm, 60308 Frankfurt am Main, Germany. The business address for Philip D.
Murphy is 3 Garden Road, Hong Kong.
Of the directors and executive officers listed below, Philip D. Murphy is a
United States citizen, Paul M. Achleitner is a citizen of Austria, and Ernst
Tschoeke is a citizen of Germany.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- ---- -------- ----------------------------
<S> <C> <C>
Paul M. Achleitner Managing Director Managing Director of
Goldman, Sachs & Co. oHG
Philip D. Murphy Managing Director Managing Director of
Goldman, Sachs & Co. oHG
Ernst Tschoeke Managing Director Director of
Goldman, Sachs & Co. oHG
</TABLE>
<PAGE>
SCHEDULE III
------------
In settlement of Securities and Exchange Commission Administrative
Proceeding File No. 3-7646 In the Matter of the Distribution of Securities
Issued by Certain Government Sponsored Enterprises, Goldman, Sachs & Co. (the
"Firm"), along with numerous other securities firms, without admitting or
denying any of the findings of the Securities and Exchange Commission (the
"SEC") consented to the entry of an Order, dated January 16, 1992. The SEC
found that the Firm, in connection with its participation in the primary
distributions of certain unsecured debt securities issued by Government
Sponsored Enterprises ("GSEs"), made and kept certain records that did not
accurately reflect the Firm's customers' orders for GSEs' securities and/or
offers, purchases or sales by the Firm of the GSEs' securities effected by the
Firm in violation of Section 17(a) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and 17 C.F.R. Sections 240.17a-3 and 240.17a-4.
The Firm was ordered to cease and desist from committing or causing future
violations of the aforementioned sections of the Exchange Act in connection with
any primary distributions of unsecured debt securities issued by the GSEs, pay a
civil money penalty to the United States Treasury in the amount of $100,000 and
maintain policies and procedures reasonably designed to ensure the Firm's future
compliance with the aforementioned sections of the Exchange Act in connection
with any primary distributions of unsecured debt securities issued by the GSEs.
In Securities and Exchange Commission Administrative Proceeding File No. 3-
8282 In the Matter of Goldman, Sachs & Co., the Firm, without admitting or
denying any of the SEC's allegations, settled administrative proceedings
involving alleged books and records and supervisory violations relating to
eleven trades of U.S. Treasury securities in the secondary markets in 1985 and
1986. The SEC alleged that the Firm had failed to maintain certain records
required pursuant to Section 17(a) of the Exchange Act and had also failed to
supervise activities relating to the aforementioned trades in violation of
Section 15(b)(4)(E) of the Exchange Act.
The Firm was ordered to cease and desist from committing or causing any
violation of the aforementioned sections of the Exchange Act, pay a civil money
penalty to the SEC in the amount of $250,000 and establish policies and
procedures reasonably designed to assure compliance with Section 17(a) of the
Exchange Act and Rules 17a-3 and 17a-4 thereunder.
<PAGE>
SCHEDULE IV
Applied Analytical Industries, Inc.
Cusip No. 037939105
<TABLE>
<CAPTION>
Settlement
----------
Purchases Sales Price Trade Date Date
--------- ----- ----- ---------- ----
<S> <C> <C> <C> <C>
38,520 13.875 29-Apr-97 2-May-97
1,000 13.100 29-Apr-97 2-May-97
38,520 13.875 29-Apr-97 2-May-97
1,000 13.875 29-Apr-97 2-May-97
1,000 13.250 29-Apr-97 2-May-97
1,000 12.500 29-Apr-97 2-May-97
1,000 12.250 29-Apr-97 2-May-97
200 12.375 29-Apr-97 2-May-97
150 12.750 29-Apr-97 2-May-97
5,000 13.000 29-Apr-97 2-May-97
300 11.750 29-Apr-97 2-May-97
500 11.750 29-Apr-97 2-May-97
200 13.250 30-Apr-97 5-May-97
177 13.250 30-Apr-97 5-May-97
3,000 13.250 30-Apr-97 5-May-97
10 13.375 1-May-97 6-May-97
150 13.375 2-May-97 7-May-97
3,000 13.375 2-May-97 7-May-97
2,500 13.500 2-May-97 7-May-97
1,000 13.500 2-May-97 7-May-97
2,500 13.500 2-May-97 7-May-97
7,500 13.875 2-May-97 7-May-97
30 14.375 2-May-97 7-May-97
100 14.375 2-May-97 7-May-97
20 14.375 2-May-97 7-May-97
400 14.375 2-May-97 7-May-97
250 14.375 2-May-97 7-May-97
15,000 14.000 2-May-97 7-May-97
1,000 14.750 5-May-97 8-May-97
1,000 14.750 5-May-97 8-May-97
5,000 15.250 5-May-97 8-May-97
200 16.250 5-May-97 8-May-97
5,000 15.000 5-May-97 8-May-97
2,000 14.813 5-May-97 8-May-97
5,000 15.250 5-May-97 8-May-97
300 16.500 6-May-97 9-May-97
300 16.500 6-May-97 9-May-97
500 16.500 6-May-97 9-May-97
150 16.500 6-May-97 9-May-97
1,000 16.500 6-May-97 9-May-97
500 17.000 6-May-97 9-May-97
500 17.750 6-May-97 9-May-97
500 18.125 6-May-97 9-May-97
1,000 18.125 6-May-97 9-May-97
500 19.250 6-May-97 9-May-97
700 19.250 6-May-97 9-May-97
500 18.750 6-May-97 9-May-97
1,000 18.750 6-May-97 9-May-97
500 18.750 6-May-97 9-May-97
</TABLE>
<PAGE>
SCHEDULE IV
Applied Analytical Industries, Inc.
Cusip No. 037939105
<TABLE>
<CAPTION>
Settlement
----------
Purchases Sales Price Trade Date Date
- --------- ----- ----- ---------- ----
<S> <C> <C> <C> <C>
500 18.000 6-May-97 9-May-97
500 18.500 6-May-97 9-May-97
200 18.500 6-May-97 9-May-97
500 18.575 7-May-97 12-May-97
1,000 18.375 7-May-97 12-May-97
1,000 18.500 7-May-97 12-May-97
3,500 18.750 7-May-97 12-May-97
1,500 18.500 7-May-97 12-May-97
1,000 18.625 7-May-97 12-May-97
2,500 18.875 7-May-97 12-May-97
200 18.125 8-May-97 13-May-97
700 18.125 8-May-97 13-May-97
2,500 18.250 8-May-97 13-May-97
300 18.125 9-May-97 14-May-97
67 18.125 9-May-97 14-May-97
500 18.125 13-May-97 16-May-97
1,000 18.125 13-May-97 16-May-97
250 17.375 14-May-97 19-May-97
200 17.375 15-May-97 20-May-97
1,500 17.500 15-May-97 20-May-97
2,500 17.500 15-May-97 20-May-97
4,500 18.000 15-May-97 20-May-97
3,000 18.000 15-May-97 20-May-97
1,000 17.650 21-May-97 27-May-97
1,000 17.675 22-May-97 28-May-97
1,000 17.525 22-May-97 28-May-97
1,000 17.275 22-May-97 28-May-97
1,200 17.750 22-May-97 28-May-97
1,000 17.750 22-May-97 28-May-97
1,200 17.500 23-May-97 29-May-97
500 18.125 28-May-97 2-Jun-97
250 18.000 28-May-97 2-Jun-97
500 17.875 28-May-97 2-Jun-97
2,000 17.625 28-May-97 2-Jun-97
400 17.750 29-May-97 3-Jun-97
1,000 18.250 29-May-97 3-Jun-97
350 17.750 29-May-97 3-Jun-97
2,500 18.000 29-May-97 3-Jun-97
300 18.250 30-May-97 4-Jun-97
300 18.375 3-Jun-97 6-Jun-97
300 18.250 3-Jun-97 6-Jun-97
300 18.250 3-Jun-97 6-Jun-97
300 18.250 3-Jun-97 6-Jun-97
5,000 18.125 3-Jun-97 6-Jun-97
300 18.250 4-Jun-97 9-Jun-97
100 18.250 4-Jun-97 9-Jun-97
300 18.250 4-Jun-97 9-Jun-97
277,778 18.000 5-Jun-97 5-Jun-97
400 18.250 5-Jun-97 10-Jun-97
600 18.250 5-Jun-97 10-Jun-97
</TABLE>
<PAGE>
SCHEDULE IV
Applied Analytical Industries, Inc.
Cusip No. 037939105
Settlement
----------
Purchases Sales Price Trade Date Date
- --------- ----- ----- ---------- ----
400 18.250 5-Jun-97 10-Jun-97
1,600 18.250 5-Jun-97 10-Jun-97
3,000 18.125 18-Jun-97 23-Jun-97
2,000 18.375 18-Jun-97 23-Jun-97
500 18.250 6-Jun-97 11-Jun-97
500 18.250 6-Jun-97 11-Jun-97
300 18.250 6-Jun-97 11-Jun-97
300 18.250 6-Jun-97 11-Jun-97
5,000 18.000 6-Jun-97 11-Jun-97
300 18.000 9-Jun-97 12-Jun-97
2,200 18.000 9-Jun-97 12-Jun-97
500 18.000 9-Jun-97 12-Jun-97
100 18.000 9-Jun-97 12-Jun-97
1,000 18.000 9-Jun-97 12-Jun-97
2,500 17.875 9-Jun-97 12-Jun-97
1,000 17.250 11-Jun-97 16-Jun-97
270 16.625 13-Jun-97 18-Jun-97
200 16.625 13-Jun-97 18-Jun-97
500 16.625 13-Jun-97 18-Jun-97
8,700 17.625 17-Jun-97 20-Jun-97
1,000 17.625 17-Jun-97 20-Jun-97
400 17.625 17-Jun-97 20-Jun-97
1,000 17.625 17-Jun-97 20-Jun-97
196 17.375 17-Jun-97 20-Jun-97
100 17.375 17-Jun-97 20-Jun-97
5,500 17.875 18-Jun-97 23-Jun-97
2,000 17.375 18-Jun-97 23-Jun-97
3,000 18.125 18-Jun-97 23-Jun-97
2,000 18.375 18-Jun-97 23-Jun-97
3,500 17.875 20-Jun-97 25-Jun-97
