<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
Johnstown America Industries, Inc.
----------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
479477101
---------
(CUSIP Number)
Andrew S. Paul, Esq.
c/o Tudor Investment Corporation
One Liberty Plaza (51st Floor)
New York, New York 10006
(212) 602-6700
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 3, 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(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ].
Page 1
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Investment Corporation
TIN: 22-2514825
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
Delaware
- ----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 219,200
EACH ---------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------
10 SHARED DISPOSITIVE POWER
219,200
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
219,200
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 2
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Tudor Jones, II
TIN:
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
United States of America
- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 238,000
EACH -----------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------
10 SHARED DISPOSITIVE POWER
238,000
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
238,000
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -----------------------------------------------------------------
Page 3
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Raptor Global Fund Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
Cayman Islands
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 89,900
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
89,900
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
89,900
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 4
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Raptor Global Fund L.P.
TIN: 13-3735415
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 32,400
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
32,400
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
32,400
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------
Page 5
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Arbitrage Partners L.P.
TIN: 13-3496979
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 18,800
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
18,800
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
18,800
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------
Page 6
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Global Trading LLC
TIN: 13-3862744
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 18,800
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
18,800
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
18,800
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- -----------------------------------------------------------------
Page 7
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor BVI Futures, Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
British Virgin Islands
- --------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 82,800
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
82,800
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
82,800
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 8
<PAGE>
- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Upper Mill Capital Appreciation Fund Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
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
Cayman Islands
- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 14,100
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------
10 SHARED DISPOSITIVE POWER
14,100
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
14,100
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 9
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Item 1. Security and Issuer
-------------------
This Amendment No. 1, dated October 8, 1997, to Statement on Schedule
13D, relates to the common stock, par value $.01 per share ("Common Stock"), of
Johnstown America Industries, Inc., a Delaware corporation (the "Company"),
filed by Tudor Investment Corporation, a Delaware corporation ("TIC"), Paul
Tudor Jones, II, a natural person and a citizen of the United States ("Mr.
Jones"), The Raptor Global Fund Ltd., a company organized under the laws of the
Cayman Islands ("Raptor Ltd."), The Raptor Global Fund L.P., a Delaware limited
partnership ("Raptor L.P."), Tudor Arbitrage Partners L.P., a Delaware limited
partnership ("TAP"), Tudor Global Trading LLC, a Delaware limited liability
company ("TGT"), Tudor BVI Futures, Ltd., a corporation organized under the laws
of the British Virgin Islands ("Tudor BVI") and The Upper Mill Capital
Appreciation Fund Ltd., a company organized under the laws of Cayman Islands
("Upper Mill", and collectively with TIC, Mr. Jones, Raptor Ltd., Raptor L.P.,
TAP, TGT and Tudor BVI, the "Reporting Persons").* The summary of information on
the schedule attached hereto is qualified in its entirety by reference to such
schedule, which is incorporated by reference herein.
The Company's principal executive offices are located at 980 North
Michigan Avenue, Suite 1000, Chicago, Illinois 60611.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Attached hereto as Schedule I is a list of the transactions by each of
the Reporting Persons in Common Stock within the past sixty days.
Because TIC is the sole general partner of Raptor L.P. and provides
investment advisory services to Raptor Ltd., Raptor L.P., Tudor BVI and Upper
Mill, TIC may be deemed to beneficially own the shares of Common Stock owned by
each of such Reporting Persons. TGT, as the sole general partner of TAP, may be
deemed to beneficially own the shares of Common Stock owned by TAP. In addition,
because Mr. Jones owns a majority of the capital stock and voting securities of
TIC and indirectly owns a majority of the equity interests in TGT, Mr. Jones may
be deemed to beneficially own the shares of Common Stock deemed beneficially
owned by TIC and TGT.
- ------------------------
* For purposes of this Statement on Schedule 13D the Reporting Persons have
filed as a "group". Nevertheless, the Reporting Persons hereby disclaim that
they are members of a "group" for purposes of Section 13(d) of the Securities
Exchange Act of 1934 or for any other purpose.
Page 10
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Based on the information contained in the Company's Form 10-Q for the
quarter ended June 30, 1997 that there are 9,755,062 shares of Common Stock
issued and outstanding as of July 14, 1997, each Reporting Person beneficially
owns (or, with respect to TIC, Mr. Jones and TGT, may be deemed to beneficially
own) the number and percentage of outstanding shares of Common Stock listed in
the responses to Items 11 and 13, respectively, of the cover page filed herewith
for such Reporting Person. In addition, the number of shares of Common Stock
beneficially owned (or, with respect to TIC, Mr. Jones and TGT, which may be
deemed beneficially owned) by each Reporting Person with respect to which such
Reporting Person (i) has sole voting power, (ii) shares voting power, (iii) has
sole dispositive power and (iv) shares dispositive power are listed in the
responses to Items 7, 8, 9 and 10, respectively, of the cover page filed
herewith for such Reporting Person. The voting and dispositive power is reported
as shared because each of the Reporting Persons (other than TIC and Mr. Jones)
has the power to remove TIC as its investment advisor or general partner. Each
of the Reporting Persons (other than TIC, Mr. Jones and TGT) expressly disclaim
beneficial ownership of the shares of Common Stock beneficially owned by any
other Reporting Person and each of TIC, Mr. Jones and TGT disclaim beneficial
ownership of the Common Stock beneficially owned by Raptor Ltd., Raptor L.P.,
TAP, Tudor BVI, Upper Mill and, in the case of TIC and Mr. Jones, TGT.
Following the sales reported on Schedule I, none of the Reporting
Persons remained the beneficial owner, pursuant to Rule 13(d)(1)(i), of more
than 5% of the Common Stock of the Company.
Page 11
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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 Schedule 13D is true,
complete and correct.
Dated: October 8, 1997
TUDOR INVESTMENT CORPORATION
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
\s\ Paul Tudor Jones, II
--------------------------
Paul Tudor Jones, II
THE RAPTOR GLOBAL FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
THE RAPTOR GLOBAL FUND L.P.
By: TUDOR INVESTMENT CORPORATION,
General Partner
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 12
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TUDOR ARBITRAGE PARTNERS L.P.
By: TUDOR GLOBAL TRADING LLC,
General Partner
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR GLOBAL TRADING LLC
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR BVI FUTURES, LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
THE UPPER MILL CAPITAL
APPRECIATION FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Sub-Investment Manager
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 13
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Schedule I
TRANSACTIONS
All shares of Common Stock were purchased or sold in open market
transactions for cash .
Tudor BVI
- ---------
Date Transaction # Shares $/Share
- ------ ----------- -------- --------
10/3/97 Sale 91,500 $10.9756
10/7/97 Sale 18,700 $13.275
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 82,800
Raptor L.P.
- -----------
Date Transaction # Shares $/Share
- ------ ----------- -------- --------
10/3/97 Sale 37,500 $10.9756
10/7/97 Sale 7,800 $13.275
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 32,400
TAP
- ---
Date Transaction # Shares $/Share
- ------ ----------- -------- --------
10/3/97 Sale 6,000 $10.9756
10/7/97 Sale 2,900 $13.275
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 18,800
Raptor Ltd.
- -----------
Date Transaction # Shares $/Share
- ------ ----------- -------- --------
10/3/97 Sale 65,000 $10.9756
10/7/97 Sale 19,800 $13.275
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 89,900
Upper Mill
- ----------
Date Transaction # Shares $/Share
- ------ ----------- -------- --------
10/7/97 Sale 800 $13.275
Total Common Stock beneficially owned as of
the date of this Schedule 13D: 14,100
Page 14
