<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 2
Applied Analytical Industries, Inc.
-----------------------------------------
(Name of Issuer)
Common Stock, $0.001 par value
-----------------------------------------
(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)
November 10, 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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box: [ ]
Page 1 of 20 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
AF;WC;OO
- --------------------------------------------------------------------------------
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
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
Person With
2,875,121
-------------------------------
9. Sole Dispositive Power
0
-------------------------------
10. Shared Dispositive Power
2,875,121
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,875,121
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
17.6%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
Page 2 of 20 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
AF;OO
- --------------------------------------------------------------------------------
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
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
Person With
2,875,121
-------------------------------
9. Sole Dispositive Power
0
-------------------------------
10. Shared Dispositive Power
2,875,121
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,875,121
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
17.6%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
HC-PN
- --------------------------------------------------------------------------------
Page 3 of 20 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
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
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 Representing by Amount in Row (11)
8.7%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 4 of 20 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
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
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 Representing by Amount in Row (11)
3.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 5 of 20 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
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
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 Representing by Amount in Row (11)
0.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 6 of 20 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
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
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
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 Representing by Amount in Row (11)
8.7%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 7 of 20 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
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
Cayman Islands
- --------------------------------------------------------------------------------
Number of
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
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 Representing by Amount in Row (11)
3.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 8 of 20 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
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
Germany
- --------------------------------------------------------------------------------
Number of
Shares 7. Sole Voting Power
Beneficially
Owned By 0
Each -------------------------------
Reporting 8. Shared Voting Power
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 Representing by Amount in Row (11)
0.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 9 of 20 pages
<PAGE>
AMENDMENT NO. 2 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) Civil Law
Partnership ("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 "Filing 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"), as most recently amended by Amendment No. 1 thereto dated July
2, 1997 (as amended, the "Schedule 13D"). Goldman Sachs and GS Group may be
deemed, for purposes of this Statement, to beneficially own 2,276,832 shares of
Common Stock through GSCPII and certain other limited partnerships (the "Other
Limited Partnerships" and, together with GSCP, GSCP II Offshore and GSCP II
Germany, the "Limited Partnerships") of which affiliates of Goldman Sachs and GS
Group are the general partner or the managing general partner. Goldman Sachs and
GS Group each disclaim beneficial ownership of shares of Common Stock
beneficially owned by the Limited Partnerships to the extent of partnership
interests in the Limited Partnerships held by persons other than Goldman Sachs,
GS Group or their affiliates. Goldman Sachs and GS Group may also be deemed to
beneficially own shares of Common Stock held in client accounts with respect to
which Goldman Sachs or employees of Goldman Sachs have voting or investment
discretion, or both ("Managed Accounts"). Goldman Sachs and GS Group each
disclaim beneficial ownership of the shares of Common Stock held in Managed
Accounts. Goldman Sachs and GS Group may also be deemed to beneficially own from
time to time shares of Common Stock acquired in ordinary course trading
activities by Goldman Sachs. 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. 2 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
Managed Accounts.
- ---------------------
/1/Neither the present filing nor anything contained herein shall be construed
as an admission that any Filing Person constitutes a "person" for any purposes
other than Section 13(d) of the Securities Exchange Act of 1934.
Page 10 of 20 pages
<PAGE>
Item 2 is hereby amended as follows:
Item 2. Identity and Background
-----------------------
The name, business address, present principal occupation or employment and
citizenship of each director and of each member of the executive committee of GS
Corp. and GS L.L.C. and of each member of the executive committee of GS Group
and Goldman Sachs are set forth in the amended Schedule I hereto, to read in its
entirety as attached hereto, and are incorporated herein by reference. 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, that serves as the sole general partner of GS
Advisors and GS Advisors Cayman, respectively, are set forth in the amended
Schedules II-A-i and II-A-ii hereto, to read in their entirety as attached
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 managing
general partner of GS oHG are set forth in the amended Schedule II-B hereto, to
read in its entirety as attached 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 3 is hereby amended as follows:
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
Schedule IV attached hereto sets forth transactions in the Common Stock
which have been effected during the period from September 11, 1998 through
November 16, 1998, all of which were effected in the ordinary course of business
of Goldman Sachs. The total consideration (exclusive of commissions) for shares
of Common Stock purchased during this period was approximately $5,741,754.98.
Funds for ordinary course trading purchases came from working capital. Funds for
the purchase of shares of Common Stock held in Managed Accounts came from client
funds.
Item 5 is hereby amended as follows:
Item 5. Interest in Securities of the Issuer
------------------------------------
(a) As of November 16, 1998, GSCP beneficially owned, and GS Advisors may
be deemed to have beneficially owned, an aggregate of 1,428,549 shares of Common
Stock, representing in the aggregate approximately 8.7% of the shares of the
Common Stock reported to be outstanding in the Company's Quarterly Report on
Form 10-Q for the period ended September 30, 1998 (the "Company's 10-Q").
As of November 16, 1998, GSCP II Offshore beneficially owned, and GS
Advisors Cayman may be deemed to have beneficially owned, an aggregate of
567,908 shares of Common Stock, representing in the aggregate approximately 3.5%
of the shares of the Common Stock reported to be outstanding in the Company's
10-Q.
As of November 16, 1998, GSCP II Germany beneficially owned, and GS oHG may
be deemed to have beneficially owned, an aggregate of 52,691 shares of Common
Stock, representing in the aggregate approximately 0.3% of the shares of the
Common Stock reported to be outstanding in the Company's 10-Q.
As of November 16, 1998, each of Goldman Sachs and GS Group may be deemed
to have beneficially owned an aggregate of 2,875,121 shares of Common Stock,
including (i) the shares of Common Stock beneficially owned by the Limited
Partnerships described above, (ii) 227,684 shares of Common Stock beneficially
owned by the Other Limited Partnerships, (iii) 40 shares of Common Stock
acquired in ordinary course trading activities, and (iv) 598,249 shares of
Common Stock held in Managed Accounts, representing in the aggregate
approximately 17.6% of the Common Stock reported to be outstanding in the
Company's 10-Q.
Page 11 of 20 pages
<PAGE>
GS Group and Goldman Sachs each disclaim beneficial ownership of (i) the
shares of Common Stock beneficially owned by the Limited Partnerships to the
extent of partnership interests in the Limited Partnerships held by persons
other than GS Group, Goldman Sachs or their affiliates and (ii) shares of Common
Stock held in Managed Accounts.
None of the Filing Persons beneficially owns any shares of Common Stock as
of November 16, 1998 other than as set forth herein.
(c) Schedule IV sets forth transactions in the Common Stock which have been
effected during the period from September 11, 1998 through November 16, 1998,
all of which were effected in the ordinary course of business of Goldman Sachs.
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
$5,741,754.98.
Except as set forth on Schedule IV, no transactions in the Common Stock
were effected by the Filing Persons, or, to the knowledge of any of the Filing
Persons, any of the Limited Partnerships that is not a Filing Person or any of
the persons listed on Schedules I, II-A-i, II-A-ii or II-B hereto, during the
period from September 11, 1998 through November 16, 1998.
(d) Except for clients of Goldman Sachs who may 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 held in Managed Accounts, 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.
Page 12 of 20 pages
<PAGE>
<TABLE>
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.
Dated: November 18, 1998
GOLDMAN, SACHS & CO.
By:/s/ Hans L. Reich
----------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP,L.P.
By:/s/ Hans L. Reich
----------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II, L.P.
By:/s/ Hans L. Reich
----------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By:/s/ Hans L. Reich
------------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP (with limitation of liability)
By:/s/ Hans L. Reich
----------------------------------------
Name: Hans L. Reich
Title: Attorney-in-Fact
GS ADVISORS, L.P.
By:/s/ Hans L. Reich
----------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS II (CAYMAN), L.P.
By:/s/ Hans L. Reich
-----------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. oHG
By:/s/ Hans L. Reich
-----------------------------------------
Name: Hans L. Reich
Title: Attorney-in-Fact
Page 13 of 20 pages
<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 L. Thornton is 85 Broad
Street, New York, NY 10004. The business address of 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 14 of 20 pages
<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 and
Barry S. Volpert is 85 Broad Street, New York, New York 10004. The business address of Henry Cornell is 3 Garden
Road, Hong Kong. The business address of Barry S. Volpert is 133 Fleet Street, London EC4A 2BB, England.
All executive officers and directors listed below are United States citizens.
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.
Elizabeth S. Cogan Treasurer Managing Director 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 International
Eve M. Gerriets Vice President/Secretary Vice President of Goldman, Sachs & Co.
David J. Greenwald Assistant Secretary Vice President of Goldman, Sachs & Co.
C. Douglas Fuge Assistant Treasurer Managing Director of Goldman, Sachs & Co.
Katherine B. Enquist Vice President Vice President of Goldman, Sachs & Co.
Page 15 of 20 pages
<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 and
Barry S. Volpert is 85 Broad Street, New York, New York 10004. The business address of Henry Cornell is 3 Garden
Road, Hong Kong. The business address of Barry S. Volpert is 133 Fleet Street, London EC4A 2BB, England.
All executive officers and directors listed below are United States citizens.
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.
Elizabeth S. Cogan Treasurer Managing Director 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 International
Eve M. Gerriets Vice President/Secretary Vice President of Goldman, Sachs & Co.
David J. Greenwald Assistant Secretary Vice President of Goldman, Sachs & Co.
C. Douglas Fuge Assistant Treasurer Managing Director of Goldman, Sachs & Co.
Katherine B. Enquist Vice President Vice President of Goldman, Sachs & Co.
Page 16 of 20 pages
<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 sole managing general partner of Goldman, Sachs & Co. oHG are set forth below.
The business address for each of the executive officers and directors listed below is MesseTurm, 60308
Frankfurt am Main, Germany.
Of the directors and executive officers listed below, Scott B. Kapnick is a United States citizen, Robert H.
Jolliffe is a citizen of Great Britain, Paul M. Achleitner is a citizen of Austria, and Ernst E. Tschoeke and Stefan J.
Jentzsch are citizens of Germany.
Name Position Present Principal Occupation
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C>
Paul M. Achleitner Managing Director Managing Director of Goldman, Sachs & Co. oHG
Ernst E. Tschoeke Managing Director Executive Director of Goldman, Sachs & Co. oHG
Stefan J. Jentzsch Managing Director Managing Director of Goldman, Sachs & Co. oHG
Robert H. Jolliffe Managing Director Executive Director of Goldman, Sachs & Co. oHG
Scott B. Kapnick Managing Director Managing Director of Goldman, Sachs & Co. oHG
Page 17 of 20 pages
<PAGE>
SCHEDULE III
------------
In Securities and Exchange Commission Administrative Proceeding File No. 3-8282 In the Matter of
Goldman, Sachs & Co., 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 18 of 20 pages
<PAGE>
SCHEDULE IV
-----------
Applied Analytical Industries, Inc.
Cusip No. 037939105
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 11 2/4 16-Sep-98 21-Sep-98
100 11 2/4 16-Sep-98 21-Sep-98
500 11 1/4 16-Sep-98 21-Sep-98
100 11 1/4 16-Sep-98 21-Sep-98
5,000 10 13/16 21-Sep-98 24-Sep-98
100 10 7/8 21-Sep-98 24-Sep-98
2,000 10 7/8 21-Sep-98 24-Sep-98
2,600 10 7/8 22-Sep-98 25-Sep-98
2,500 11 22-Sep-98 25-Sep-98
100 11 1/4 22-Sep-98 25-Sep-98
1,000 11 22-Sep-98 25-Sep-98
1,000 11 3/8 22-Sep-98 25-Sep-98
100 11 2/4 22-Sep-98 25-Sep-98
500 12 2/4 23-Sep-98 28-Sep-98
1,000 12 2/4 23-Sep-98 28-Sep-98
1,000 12 2/4 23-Sep-98 28-Sep-98
1,000 12 1/4 23-Sep-98 28-Sep-98
1,000 12 2/4 23-Sep-98 28-Sep-98
2,000 12 15/16 29-Sep-98 2-Oct-98
1,000 13 1/8 29-Sep-98 2-Oct-98
1,000 13 1/8 29-Sep-98 2-Oct-98
1,900 13 1/8 29-Sep-98 2-Oct-98
1,000 13 1/8 29-Sep-98 2-Oct-98
2,000 13 1/16 29-Sep-98 2-Oct-98
1,000 13 3/4 30-Sep-98 5-Oct-98
1,000 14 1/8 30-Sep-98 5-Oct-98
600 13 2/4 30-Sep-98 5-Oct-98
1,000 13 7/8 30-Sep-98 5-Oct-98
300 13 1-Oct-98 6-Oct-98
100 13 3/4 1-Oct-98 6-Oct-98
563 13 7/8 1-Oct-98 6-Oct-98
100 13 2/4 1-Oct-98 6-Oct-98
500 14 2-Oct-98 7-Oct-98
2,500 14 2-Oct-98 7-Oct-98
1,000 14 2-Oct-98 7-Oct-98
1,000 14 1/8 5-Oct-98 8-Oct-98
200 12.95 6-Oct-98 9-Oct-98
1,000 11 1/4 7-Oct-98 13-Oct-98
100 10 7/8 7-Oct-98 13-Oct-98
1,000 11 1/4 7-Oct-98 13-Oct-98
100 11 7-Oct-98 13-Oct-98
1,000 13 1/8 7-Oct-98 13-Oct-98
1,000 11 2/4 9-Oct-98 15-Oct-98
1,000 12 3/8 13-Oct-98 16-Oct-98
1,000 12 3/8 13-Oct-98 16-Oct-98
500 13 3/8 15-Oct-98 20-Oct-98
Page 19 of 20 pages
<PAGE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 13 5/8 15-Oct-98 20-Oct-98
2,000 14 16-Oct-98 21-Oct-98
100 14 1/8 16-Oct-98 21-Oct-98
1,600 14 16-Oct-98 21-Oct-98
3,600 14 3/8 16-Oct-98 21-Oct-98
5,000 14 3/16 16-Oct-98 21-Oct-98
600 14 16-Oct-98 21-Oct-98
2,000 14 1/8 16-Oct-98 21-Oct-98
200 13 3/4 16-Oct-98 21-Oct-98
1,000 14 16-Oct-98 21-Oct-98
1,000 14 3/8 16-Oct-98 21-Oct-98
100 14 1/8 16-Oct-98 21-Oct-98
5,000 14 7/16 19-Oct-98 22-Oct-98
500 14 5/8 19-Oct-98 22-Oct-98
5,000 14 5/8 19-Oct-98 22-Oct-98
1,000 14 1/8 21-Oct-98 26-Oct-98
700 14 21-Oct-98 26-Oct-98
1,000 15 1/4 22-Oct-98 27-Oct-98
800 15 22-Oct-98 27-Oct-98
500 16 23-Oct-98 28-Oct-98
500 16 1/8 23-Oct-98 28-Oct-98
1,000 16 23-Oct-98 28-Oct-98
1,000 16 3/8 26-Oct-98 29-Oct-98
5,000 16 3/16 26-Oct-98 29-Oct-98
1,000 16 3/8 26-Oct-98 29-Oct-98
3,000 16 3/8 26-Oct-98 29-Oct-98
1,000 15 2/4 29-Oct-98 3-Nov-98
1,000 15 29-Oct-98 3-Nov-98
1,000 16 1/4 3-Nov-98 6-Nov-98
1,000 16 1/4 3-Nov-98 6-Nov-98
40 16 1/4 3-Nov-98 6-Nov-98
2,600 16 1/4 3-Nov-98 6-Nov-98
2,600 16 1/4 3-Nov-98 6-Nov-98
1,000 16 2/4 4-Nov-98 9-Nov-98
100 17 1/4 5-Nov-98 10-Nov-98
500 17 1/8 5-Nov-98 10-Nov-98
200 16 2/4 5-Nov-98 10-Nov-98
1,000 16 3/4 5-Nov-98 10-Nov-98
1,000 17 1/4 5-Nov-98 10-Nov-98
100 17 1/4 5-Nov-98 10-Nov-98
400 17 2/4 9-Nov-98 13-Nov-98
291,971 17 1/8 10-Nov-98 11-Nov-98
500 17 1/8 10-Nov-98 16-Nov-98
1,000 17 5/16 11-Nov-98 16-Nov-98
1,000 17 2/4 11-Nov-98 16-Nov-98
200 12.95 6-Oct-98 9-Oct-98
Page 20 of 20 pages
</TABLE>
