<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 16)
NATIONAL R.V. HOLDINGS, INC.
(Name of Issuer)
Common Stock par value $0.01
(Title of Class of Securities)
637277104
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 19, 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 Rule 13-d-1(b)(3) or (4), check the following box [ ].
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
.
Page 1 of 30 Pages<PAGE>
<PAGE> SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 637277104 Page 2 of 30 Pages
- ------------------- ------------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Gary N. Siegler
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[X]
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS
PF, 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
- ----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- ----------------------------------------------------------------
7 SOLE VOTING POWER
533,090 (Includes 514,044 options)
- ----------------------------------------------------------------
8 SHARED VOTING POWER
435,230
- ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
533,090 (Includes 514,044 options)
- ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
435,230
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
968,320 (Includes 514,044 options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===========================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 3 of 30 Pages
- ------------------- -----------------
===========================================
======================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Peter M. Collery
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
PF, 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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
123,750 (includes 123,750 underlying options)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
365,173
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
123,750 (includes 123,750 underlying options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
365,173
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
488,923 (includes 123,750 underlying options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
==========================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 4 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Arena-NRV Investors, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(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 BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
86,112
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
86,112
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
86,112
- -----------------------------------------------------------------
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
PN
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 5 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
The SC Fundamental Value Fund, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC, 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 BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
66,538
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
66,538
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
66,538
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
===========================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 6 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Value BVI, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- ----------------------------------------------------------------
8 SHARED VOTING POWER
33,461
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
33,461
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
33,461
- -----------------------------------------------------------------
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
CO
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 7 of 30 Pages
- ------------------- ------------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
66,538
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
66,538
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
66,538
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 8 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Siegler, Collery & Co.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
80
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
80
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
80
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.0008%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 9 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Siegler, Collery & Co. Employees' Savings and Profit Sharing Plan
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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 BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
6,470
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,470
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,470
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.06%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 10 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
R.V. Dolphin Partners, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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 BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
15,433
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,433
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
15,433
- -----------------------------------------------------------------
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>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 11 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Dolphin Partners II, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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 BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
6,853
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,853
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,853
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.07%
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 12 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Insight Investors, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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 BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
145,156
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
145,156
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
145,156
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 13 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Motorhome Partners, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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 BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
5,070
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,070
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,070
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.05%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 14 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-BVI Partners
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
33,461
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
33,461
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
33,461
- -----------------------------------------------------------------
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>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 15 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Value BVI, Ltd.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC, 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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
33,461
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
33,461
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
33,461
- -----------------------------------------------------------------
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
CO
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 16 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental, LLC
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
New York
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
66,538
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
66,538
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
66,538
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 17 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
The Gary N. Siegler Foundation
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
New York
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
70,057
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
70,057
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
70,057
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 18 of 30 Pages
- ------------------ ------------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-Dolphin, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
22,286
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
22,286
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
22,286
- -----------------------------------------------------------------
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
CO
===========================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 19 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Arena Capital Corp.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
86,112
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
86,112
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
86,112
- -----------------------------------------------------------------
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>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 20 of 30 Pages
- ------------------- -----------------
===========================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Neil H. Koffler
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC, 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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
55,977 (Includes 55,958 options)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
99,999
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
55,977 (Includes 55,958 options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
99,999
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
155,976 (Includes 55,958 options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===========================================
<PAGE>
<PAGE> Page 21 of 30 Pages
AMENDMENT NO. 16
TO THE
SCHEDULE 13D
This statement constitutes Amendment No. 16 to the Schedule 13D
relating to the Common Stock, par value $0.01 per share ("Common Stock"), of
National R.V. Holdings, Inc. (the "Issuer") filed by SC Fundamental Inc. ("SC"),
The SC Fundamental Value Fund, L.P. ("Fund"), SC Fundamental Value BVI, Inc.
("BVI Inc."), Gary N. Siegler ("Siegler"), Peter M. Collery ("Collery"),
Siegler, Collery & Co ("SCC"), Siegler, Collery & Co. Employees' Savings and
Profit Sharing Plan ("Employee Plan"), R.V. Dolphin Partners, L.P.
("R.V.-Dolphin"), Dolphin Partners II, L.P. ("Dolphin II"), Insight Investors,
L.P. ("Insight"), Arena-NRV Investors, L.P. ("Arena"), Motorhome Partners, L.P.
("Motorhome"), The Gary N. Siegler Foundation ("Foundation"), Arena Capital
Corp. ("Capital"), SC-Dolphin, Inc. ("Dolphin"), SC Fundamental, LLC ("SCFLLC"),
SC Fundamental Value BVI, Ltd. ("BVI Fund"), SC- BVI Partners and Neil H.
Koffler ("Koffler") (collectively, the "Reporting Persons").
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on November 23, 1998, the
Reporting Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be
deemed to own beneficially in the aggregate the number and percentage of the
Issuer's Common Stock set forth opposite their names below
(based upon 10,206,588 Shares that were reported to be outstanding by the
Issuer on November 2, 1998 in its September 30, 1998 Form 10-Q).
<PAGE>
<PAGE> Page 22 of 30 Pages
<TABLE>
<CAPTION>
===========================================
Shares of
Name Common Stock Percentage
- -----------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc. 66,538 0.7%
- -----------------------------------------------------------------
The SC Fundamental Value Fund, L.P. 66,538 0.7%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Inc. 33,461 0.3%
- -----------------------------------------------------------------
Gary N. Siegler (1) 968,320 9.0%
- -----------------------------------------------------------------
Peter M. Collery (2) 488,923 4.7%
- -----------------------------------------------------------------
Arena-NRV Investors, L.P. 86,112 0.8%
- -----------------------------------------------------------------
Arena Capital Corp. 86,112 0.8%
- -----------------------------------------------------------------
Dolphin Partners II, L.P. 6,853 .07%
- -----------------------------------------------------------------
Motorhome Partners, L.P. 5,070 .05%
- -----------------------------------------------------------------
Insight Investors, L.P. 145,156 1.4%
- -----------------------------------------------------------------
R.V. Dolphin Partners, L.P. 15,433 0.2%
- -----------------------------------------------------------------
Siegler, Collery & Co. 80 0.0008%
- -----------------------------------------------------------------
Siegler, Collery & Co. Employee's
Savings and Profit Sharing Plan 6,470 0.6%
- -----------------------------------------------------------------
SC-BVI Partners 33,461 0.3%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Ltd. 33,461 0.3%
- -----------------------------------------------------------------
SC Fundamental, LLC 66,538 0.7%
- -----------------------------------------------------------------
The Gary N. Siegler Foundation 70,057 0.7%
- -----------------------------------------------------------------
SC-Dolphin, Inc. 22,286 0.2%
- -----------------------------------------------------------------
Neil H. Koffler(3) 155,976 1.5%
===========================================
<FN>
- ------------
</TABLE>
<PAGE>
<PAGE> Page 23 of 30 Pages
- ---------------------
(1) Includes 514,044 shares underlying options.
(2) Includes 123,750 shares underlying options.
(3) Includes 55,958 shares underlying options.
(b) Siegler and Collery, by virtue of their
status as principal members of SCFLLC, the general partner of Fund,
and as the controlling stockholders, directors and executive officers
of SC, the corporate member and manager of SCFLLC, may be deemed to
share with Fund, SCFLLC and SC the power to vote or direct the vote
and to dispose or to direct the disposition of shares of Common Stock
of which Fund is the direct beneficial owner. Koffler, by virtue of
his status as employee members of SCFLLC, the general partner of Fund,
may be deemed to share with Fund and SCFLLC the power to vote or direct
the vote and to dispose or to direct the disposition of shares of Common
Stock of which Fund is the direct beneficial owner.
Siegler and Collery, by virtue of their status
as controlling stockholders, directors and executive officers of BVI Inc.,
the managing general partner of SC-BVI Partners, which is the investment
manager of BVI Fund, may be deemed to share with BVI Inc., SC-BVI Partners
and BVI Fund the power to vote or direct the vote and to dispose or direct
the disposition of shares of Common Stock of which BVI Fund is the direct
beneficial owner. Koffler, by virtue of his status as an officer of BVI,
Inc., may be deemed to share with BVI Fund the power to vote or direct the
vote and to dispose or direct the disposition of shares of Common Stock of
which BVI Fund is the direct beneficial owner. Because BVI Fund and SC-BVI
Partners could be deemed to share with BVI Inc. the power to vote or direct
the vote and the power to dispose or direct the disposition of such shares
of Common Stock (and as to which BVI Inc. exercises such power), BVI Fund
and SC-BVI Partners are also Reporting Persons.
Siegler and Collery, by virtue of their status
as controlling stockholders, directors and executive officers of Dolphin,
the general partner of R.V.-Dolphin and Dolphin II, may be deemed to share
with Dolphin, R.V.-Dolphin and Dolphin II the power to vote or direct the
vote and to dispose or direct the disposition of shares of Common Stock of
which each of R.V.-Dolphin and Dolphin II is the direct beneficial owner.
Siegler and Collery, by virtue of their status
as controlling stockholders, directors and executive officers of Capital,
the general partner of Arena, may be deemed to share with Capital and Arena
the power to vote or direct the
<PAGE>
<PAGE> Page 24 of 30 Pages
vote and dispose or direct the disposition of shares of Common Stock of which
Arena to is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of SCC, the general
partner of each of Motorhome and Insight, may be deemed to share with SCC,
Motorhome and Insight the power to vote or direct the vote and to dispose or
direct the disposition of shares of Common Stock of which each of SCC, Motorhome
and Insight is the direct beneficial owner.
Siegler and Collery, by virtue of their status as trustees
of the Employee Plan, may be deemed to share with Employee Plan the power to
vote or direct the vote and to dispose or direct the disposition of shares of
Common Stock of which Employee Plan is the direct beneficial owner.
Siegler, by virtue of his status as the sole director and
officer of Foundation, may be deemed to share with Foundation the power to vote
or direct the vote and to dispose or to direct the disposition of shares of
Common Stock of which Foundation is the direct beneficial owner.
Siegler has the sole power to vote or direct the vote and
to dispose or to direct the disposition of 533,090 shares of Common Stock of
which he is the direct beneficial owner.
Collery has the sole power to vote or direct the vote and
to dispose or to direct the disposition of 123,750 shares of Common Stock of
which he is the direct beneficial owner.
Koffler has the sole power to vote or direct the vote and
to dispose or to direct the disposition of 55,977 shares of Common Stock of
which he is the direct beneficial owner.
(c) The following table sets forth the transactions effected
by each of the Reporting Persons listed in Item 5(a) during the past 60 days.
Unless otherwise noted, each of the transactions set forth below reflects a sale
effected on the Nasdaq National Market.
<PAGE>
<PAGE> Page 25 of 30 Pages
<TABLE>
<CAPTION>
===========================================
BVI, Inc.
Trade Price Per on behalf Profit
Date Share ($) Fund of BVI, Ltd. Siegler Sharing
- -----------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
11/06/98 26.0606 8,625 4,312 12,660 1,078
- -----------------------------------------------------------------
11/09/98 26.1074 5,439 2,722 7,492 0
- -----------------------------------------------------------------
11/10/98 25.7276 1,677 839 2,310 0
- -----------------------------------------------------------------
11/11/98 25.8958 544 272 749 0
- -----------------------------------------------------------------
11/12/98 23.9375 113 57 156 0
- -----------------------------------------------------------------
11/13/98 23.8876 1,065 533 1,467 0
- -----------------------------------------------------------------
11/16/98 24.4955 952 476 1,311 0
- -----------------------------------------------------------------
11/17/98 24.0000 0 0 600 0
- -----------------------------------------------------------------
11/17/98 23.9505 8,816 4,411 6,695 0
- -----------------------------------------------------------------
11/18/98 24.0117 6,301 3,153 0 0
- -----------------------------------------------------------------
11/19/98 24.4984 11,899 5,953 0 0
- -----------------------------------------------------------------
11/20/98 24.6508 19,767 9,890 0 0
===========================================
</TABLE>
<PAGE>
<PAGE> Page 26 of 30 Pages
<TABLE>
<CAPTION>
===========================================
Trade R.V.
Date Collery Koffler Dolphin Dolphin II Motorhome
- -----------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
11/06/98 0 0 0 0 0
- -----------------------------------------------------------------
11/09/98 6,424 1,923 0 0 0
- -----------------------------------------------------------------
11/10/98 1,981 593 0 0 0
- -----------------------------------------------------------------
11/11/98 643 192 0 0 0
- -----------------------------------------------------------------
11/12/98 134 40 0 0 0
- -----------------------------------------------------------------
11/13/98 1,258 377 0 0 0
- -----------------------------------------------------------------
11/16/98 1,124 337 0 0 0
- -----------------------------------------------------------------
11/17/98 2,600 0 0 0 0
- -----------------------------------------------------------------
11/17/98 5,389 3,117 7,272 0 0
- -----------------------------------------------------------------
11/18/98 3,103 2,227 13,016 0 0
- -----------------------------------------------------------------
11/19/98 5,860 4,207 24,581 0 0
- -----------------------------------------------------------------
11/20/98 9,734 6,987 26,723 8,997 5,115
===========================================
</TABLE>
On November 6, 1998, Gary N. Siegler elected to exercise options for
9,000 shares of the Issuer's Common Stock at an exercise price of $3.75 per
share. Such options were granted to Mr. Siegler pursuant to the Issuer's 1995
Stock Option Plan. Mr. Siegler elected to pay the exercise price for such shares
with 1,298 shares of the Issuer's Common Stock owned by him.
On November 11, 1998, Neil H. Koffler elected to exercise options for
2,500 shares of the Issuer's Common Stock at an exercise price of $3.75 per
share. Such options were granted to Mr. Koffler pursuant to the Issuer's 1995
Stock Option Plan. Mr. Koffler elected to pay the exercise price for such shares
with 366 shares of the Issuer's Common Stock owned by him.
<PAGE>
<PAGE> Page 27 of 30 Pages
On November 17, 1998, Neil H. Koffler elected to exercise options for
2,000 shares of the Issuer's Common Stock at an exercise price of $3.75 per
share. Such options were granted to Mr. Koffler pursuant to the Issuer's 1995
Stock Option Plan. Mr. Koffler elected to pay the exercise price for such
shares with 314 shares of the Issuer's Common Stock owned by him.
On November 18, 1998, Neil H. Koffler elected to exercise options for
4,000 shares of the Issuer's Common Stock at an exercise price of $3.75 per
share. Such options were granted to Mr. Koffler pursuant to the Issuer's 1995
Stock Option Plan. Mr. Koffler elected to pay the exercise price for such
shares with 626 shares of the Issuer's Common Stock owned by him.
On November 19, 1998, Neil H. Koffler elected to exercise options for
2,000 shares of the Issuer's Common Stock at an exercise price of $3.75 per
share. Such options were granted to Mr. Koffler pursuant to the Issuer's 1995
Stock Option Plan. Mr. Koffler elected to pay the exercise price for such
shares with 314 shares of the Issuer's Common Stock owned by him.
On November 20, 1998, Neil H. Koffler elected to exercise options for
7,000 shares of the Issuer's Common Stock at an exercise price of $3.75 per
share. Such options were granted to Mr. Koffler pursuant to the Issuer's 1995
Stock Option Plan. With respect to 2,000 shares received upon the exercise of
such options, Mr. Koffler elected to pay the exercise price for such shares with
308 shares of the Issuer's Common Stock owned by him.
<PAGE>
<PAGE> Page 28 of 30 Pages
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: November 23, 1998
SC FUNDAMENTAL INC. R.V. DOLPHIN PARTNERS, L.P.
By: SC DOLPHIN, INC.,
as General Partner
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ---------------------------- -------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(1) Vice President(1)
THE SC FUNDAMENTAL VALUE FUND, INSIGHT INVESTORS, L.P.
L.P. By: SIEGLER, COLLERY & CO.,
By: SC FUNDAMENTAL, LLC, as General Partner
as General Partner
By: /s/ Peter M. Collery
By: /s/ Peter M. Collery ----------------------------
- --------------------------- Neil H. Koffler as Attorney-
Neil H. Koffler as Attorney- in-Fact for Peter M. Collery
in-Fact for Peter M. Collery Vice President(1)
Vice President(1)
SC FUNDAMENTAL VALUE BVI, INC. DOLPHIN PARTNERS II, L.P.
By: SC-DOLPHIN, INC.,
as General Partner
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- --------------------------- ---------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(1) Vice President(1)
/s/ Gary N. Siegler SIEGLER, COLLERY & CO.
- --------------------------- EMPLOYEES SAVINGS AND
Neil H. Koffler as Attorney- PROFIT SHARING PLAN
in-Fact for Gary N. Siegler(1)
By: /s/ Peter M. Collery
-------------------------
/s/ Peter M. Collery Neil H. Koffler as Attorney
- ---------------------------- in-Fact for Peter M.
Neil H. Koffler as Attorney- Collery, Vice President(1)
in-Fact for Peter M. Collery(1)
<PAGE>
<PAGE> Page 29 of 30 Pages
ARENA-NRV INVESTORS, L.P. THE GARY N. SIEGLER FOUNDATION
By: ARENA CAPITAL CORP.,
as General Partner
By: /s/ Peter M. Collery By: /s/ Gary N. Siegler
- ----------------------------- ---------------------------
Neil H. Koffler as Attorney- Neil H. Koffler, as
in-Fact for Peter M. Collery Attorney-in-Fact for
Vice President(1) Gary N. Siegler
President(1)
MOTORHOME PARTNERS, L.P.
By: SIEGLER, COLLERY & CO.,
as General Partner
By: /s/ Peter M. Collery
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SIEGLER, COLLERY & CO.
By: /s/ Peter M. Collery
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SC FUNDAMENTAL, LLC
By: SC FUNDAMENTAL INC.,
as Manager
By: /s/ Peter M. Collery
- --------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 30 of 30 Pages
ARENA CAPITAL CORP.
SC-BVI PARTNERS
By: SC FUNDAMENTAL VALUE BVI, By: /s/ Peter M. Collery
INC., as Managing General Partner _________________________
Neil H. Koffler as
By: /s/ Peter M. Collery Attorney-in-Fact for
- ---------------------------- Peter M. Collery
Neil H. Koffler as Attorney- Vice President(1)
in-Fact for Peter M. Collery
Vice President(1)
SC-DOLPHIN, INC.
SC FUNDAMENTAL VALUE BVI, LTD.
BY: SC FUNDAMENTAL VALUE By: /s/ Peter M. Collery
BVI, INC., -------------------------
as Managing General Partner Neil H. Koffler as
of Investment Manager Attorney-in-Fact for
Peter M. Collery
By: /s/ Peter M. Collery Vice President(1)
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
/s/ Neil H. Koffler
________________________
Neil H. Koffler
(1) Executed by Neil H. Koffler as Attorney-In-Fact for Peter M.
Collery and Gary N. Siegler. The Powers of Attorney for
Messrs. Collery and Siegler were filed as Exhibit A to
Amendment No. 5 to Schedule 13D relating to US Facilities
Corporation on August 4, 1995 and is hereby incorporated
herein by reference.
