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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 3
Benihana Inc.
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(Name of Issuer)
Class A Common Stock, $0.10 par value
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(Title of Class of Securities)
082047200
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
Page 1 of 11 pages
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CUSIP NO. 082047200 13G
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Goldman, Sachs & Co.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
575,100
OWNED BY
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
739,500
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
739,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
29.4%
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12. TYPE OF REPORTING PERSON
BD-PN-IA
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Page 2 of 11 pages
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CUSIP NO. 082047200 13G
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Goldman Sachs Group, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
575,100
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
739,500
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
739,500
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
29.4%
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12. TYPE OF REPORTING PERSON
HC-PN
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Page 3 of 11 pages
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CUSIP NO. 082047200 13G
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Managers Funds on behalf of
Managers Special Equity Fund
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
153,300
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
153,300
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,300
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1%
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12. TYPE OF REPORTING PERSON
IC
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Page 4 of 11 pages
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CUSIP NO. 082047200 13G
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Diversified Investors Funds Group on behalf of
Diversified Investors Special Equity Fund
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
128,700
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
128,700
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128,700
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
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12. TYPE OF REPORTING PERSON
IC
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Page 5 of 11 pages
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Item 2(a). Name of Persons Filing:
Goldman, Sachs & Co., The Goldman Sachs Group, L.P., The
Managers Funds on behalf of Managers Special Equity Fund
and The Diversified Investors Funds Group on behalf of
Diversified Investors Special Equity Fund
Item 2(b). Address of Principal Business Office or, if none, Residence:
for Goldman, Sachs & Co. and The Goldman Sachs Group, L.P.:
85 Broad Street, New York, NY 10004
for The Managers Funds:
40 Richards Avenue, Norwalk, CT 06854
for The Diversified Investors Funds Group:
4 Manhattanville Road, Purchase, NY 10577
Item 2(c). Citizenship:
Goldman, Sachs & Co. - New York
The Goldman Sachs Group, L.P. - Delaware
The Managers Funds - Massachusetts
The Diversified Investors Funds Group - New York
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b) or (c), check whether the person filing is a :
(a).[X] Broker or dealer registered under Section 15 of the Act
(15 U.S.C. 78o).
Goldman, Sachs & Co.
(b).[_] Bank as defined in Section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c).[_] Insurance company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d).[X] Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
The Managers Funds on behalf of Managers Special
Equity Fund and
The Diversified Investors Funds Group on behalf of
Diversified Investors Special Equity Fund
(e).[X] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
Goldman, Sachs & Co.
(f).[_] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g).[X] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
The Goldman Sachs Group, L.P.
(h).[_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i).[_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j).[_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Page 6 of 11 pages
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Item 4. Ownership.*
(a). Amount beneficially owned:
See the response(s) to Item 9 on the attached cover page(s).
(b). Percent of Class:
See the response(s) to Item 11 on the attached cover page(s).
(c). Number of shares as to which such person has:
(i). Sole power to vote or to direct the vote: See the
response(s) to Item 5 on the attached cover
page(s).
(ii). Shared power to vote or to direct the vote: See the
response(s) to Item 6 on the attached cover
page(s).
(iii). Sole power to dispose or to direct the disposition
of: See the response(s) to Item 7 on the attached
cover page(s).
(iv). Shared power to dispose or to direct the disposition
of: See the response(s) to Item 8 on the attached
cover page(s).
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Commonwealth of Pennsylvania Public School
Employees' Retirement System
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
See Exhibit (99.2)
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
and are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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* The Goldman Sachs Group, L.P. ("GS Group") and Goldman, Sachs & Co.
("Goldman Sachs") each disclaim beneficial ownership of the securities
beneficially owned by (i) any client accounts with respect to which Goldman
Sachs or employees of Goldman Sachs have voting or investment discretion, or
both and (ii) certain investment entities, of which a subsidiary of GS Group or
Goldman Sachs is the general partner, managing general partner or other manager,
to the extent interests in such entities are held by persons other than GS
Group, Goldman Sachs or their affiliates.
Page 7 of 11 pages
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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: January 10, 1999
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
THE MANAGERS FUNDS on behalf of
Managers Special Equity Fund
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
THE DIVERSIFIED INVESTORS FUNDS GROUP on behalf of
Diversified Investors Special Equity Fund
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Page 8 of 11 pages
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INDEX TO EXHIBITS
Exhibit No. Exhibit
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99.1 Joint Filing Agreement, dated January 10, 1999 between
Goldman, Sachs & Co., The Goldman Sachs Group, L.P.,
The Managers Funds on behalf of Managers Special Equity
Fund and The Diversified Investors Funds Group on
behalf of Diversified Investors Special Equity Fund
99.2 Item 7 Information
Page 9 of 11 pages
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EXHIBIT (99.1)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of a Statement
on Schedule 13G (including any and all amendments thereto) with respect to the
Class A Common Stock, $0.10 par value of Benihana Inc., and further agree to the
filing of this agreement as an Exhibit thereto. In addition, each party to this
Agreement expressly authorizes each other party to this Agreement to file on its
behalf any and all amendments to such Statement on Schedule 13G.
Date: January 10, 1999
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
THE MANAGERS FUNDS on behalf of
Managers Special Equity Fund
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
THE DIVERSIFIED INVESTORS FUNDS GROUP on behalf of
Diversified Investors Special Equity Fund
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Page 10 of 11 pages
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EXHIBIT (99.2)
ITEM 7 INFORMATION
Goldman, Sachs & Co. is a broker or dealer registered under Section 15 of
the Act and an investment adviser registered under Section 203 of the Investment
Advisers Act of 1940.
Page 11 of 11 pages
