<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14)
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)
July 27, 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
703,314 (Includes 628,544 options)
- ----------------------------------------------------------------
8 SHARED VOTING POWER
749,524
- ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
703,314 (Includes 628,544 options)
- ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
749,524
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,452,838 (Includes 628,544 options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.7%
- -----------------------------------------------------------------
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
162,000 (includes 123,750 underlying options)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
679,467
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
162,000 (includes 123,750 underlying options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
679,467
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
841,467 (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)
8.3%
- -----------------------------------------------------------------
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)
0.9%
- -----------------------------------------------------------------
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
213,269
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
213,269
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,269
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -----------------------------------------------------------------
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
106,870
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
106,870
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,870
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- -----------------------------------------------------------------
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
213,269
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
213,269
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,269
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -----------------------------------------------------------------
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
155,341
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
155,341
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
155,341
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
- -----------------------------------------------------------------
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
15,000
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,000
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,000
- -----------------------------------------------------------------
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
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
87,025
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
87,025
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,025
- -----------------------------------------------------------------
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
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
15,850
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,850
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,850
- -----------------------------------------------------------------
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 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)
1.5%
- -----------------------------------------------------------------
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
10,185
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,185
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,185
- -----------------------------------------------------------------
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
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
106,870
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
106,870
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,870
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- -----------------------------------------------------------------
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
106,870
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
106,870
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,870
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- -----------------------------------------------------------------
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
213,269
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
213,269
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,269
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -----------------------------------------------------------------
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
102,876
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
102,876
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
102,876
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
- -----------------------------------------------------------------
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)
0.9%
- -----------------------------------------------------------------
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
84,006 (Includes 78,458 options)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
320,139
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
84,006 (Includes 78,458 options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
320,139
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,145 (Includes 78,458 options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 6372771104 Page 21 of 30 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Curtis G. Macnguyen
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
11,250 (constitutes 11,250 shares underlying options.)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
320,139
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
11,250 (constitutes 11,250 shares underlying options.)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
320,139
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
331,389 (constitutes 11,250 shares 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)
3.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================
<PAGE>
<PAGE> Page 22 of 30 Pages
AMENDMENT NO. 14
TO THE
SCHEDULE 13D
This statement constitutes Amendment No. 14 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, Neil H. Koffler ("Koffler") and Curtis
G. Macnguyen ("Macnguyen") (collectively, the "Reporting
Persons").
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on July 29, 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 9,968,812 Shares
that were reported to be outstanding by the Issuer as of June 30,
1998 after giving effect to a 3-for-2 stock split dividend paid
on July 24, 1998).
<PAGE>
<PAGE> Page 23 of 30 Pages
<TABLE>
<CAPTION>
=================================================================
Shares of
Name Common Stock Percentage
- -----------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc. 213,269* 2.1%
- -----------------------------------------------------------------
The SC Fundamental Value Fund, L.P. 213,269* 2.1%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Inc. 106,870* 1.1%
- -----------------------------------------------------------------
Gary N. Siegler (1) 1,452,838* 13.7%
- -----------------------------------------------------------------
Peter M. Collery (2) 841,467* 8.3%
- -----------------------------------------------------------------
Arena-NRV Investors, L.P. 86,112* 0.9%
- -----------------------------------------------------------------
Arena Capital Corp. 86,112* 0.9%
- -----------------------------------------------------------------
Dolphin Partners II, L.P. 15,850* 0.2%
- -----------------------------------------------------------------
Motorhome Partners, L.P. 10,185* 0.1%
- -----------------------------------------------------------------
Insight Investors, L.P. 145,156* 1.5%
- -----------------------------------------------------------------
R.V. Dolphin Partners, L.P. 87,025* 0.9%
- -----------------------------------------------------------------
Siegler, Collery & Co. 155,341 1.6%
- -----------------------------------------------------------------
Siegler, Collery & Co. Employee's
Savings and Profit Sharing Plan 15,000* 0.2%
- -----------------------------------------------------------------
SC-BVI Partners 106,870* 1.1%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Ltd. 106,870* 1.1%
- -----------------------------------------------------------------
SC Fundamental, LLC 213,269* 2.1%
- -----------------------------------------------------------------
The Gary N. Siegler Foundation 70,057* 0.7%
- -----------------------------------------------------------------
SC-Dolphin, Inc. 102,876* 1.0%
- -----------------------------------------------------------------
Neil H. Koffler(3) 404,145* 4.0%
- -----------------------------------------------------------------
Curtis G. Macnguyen(4) 331,389* 3.3%
=================================================================
<FN>
- ------------
</TABLE>
* Shares reflect a 3-for-2 stock split.
<PAGE>
<PAGE> Page 24 of 30 Pages
- ---------------------
(1) Includes 628,544 shares underlying options.
(2) Includes 123,750 shares underlying options.
(3) Includes 78,458 shares underlying options.
(4) Includes 11,250 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 and Macnguyen, by virtue of their 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 and Macnguyen, by virtue of their execution of a
binding term sheet relating to the restructuring of the ownership
of the entities which control BVI Fund, 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 have
been added as 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 vote and
to dispose or direct the disposition of shares of Common Stock of
which Arena is the direct beneficial owner.
<PAGE>
<PAGE> Page 25 of 30 Pages
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 703,314
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 162,000
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 84,006 shares
of Common Stock of which he is the direct beneficial owner.
Macnguyen has the sole power to vote or direct the
vote and to dispose or to direct the disposition of 11,250 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)
since the filing of Amendment No. 13 on Schedule 13D on May 14,
1998. Unless otherwise noted, each of the transactions set forth
below reflects a sale effected on the Nasdaq National Market.
<PAGE>
<PAGE> Page 26 of 30 Pages
<TABLE>
<CAPTION>
=================================================================
BVI, Inc.
Trade Price Per on behalf
Date Share ($) Fund of BVI, Ltd. Siegler Koffler
- -----------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
07/22/98 46.883 1,333 667 1,667 333
- -----------------------------------------------------------------
07/22/98 46.313 666 334 833 167
- -----------------------------------------------------------------
07/24/98 41.481 15,322 7,678 19,167 3,833
- -----------------------------------------------------------------
07/27/98 27.087 5,063 2,537 6,334 1,266
- -----------------------------------------------------------------
07/27/98 28.000 666 334 833 167
- -----------------------------------------------------------------
07/28/98 27.419 4,264 2,136 5,333 1,067
- -----------------------------------------------------------------
07/29/98 28.7889 50,632 25,370 63,331 12,667
=================================================================
</TABLE>
On May 29, 1998, at the Company's Annual Meeting of
Stockholders, the Company's stockholders approved the Company's
1997 Stock Option Plan. As a result of such approval, options
previously granted by the Company under the 1997 Stock Option
Plan became exercisable. Included in such options were options
granted to Gary N. Siegler and Neil H. Koffler to purchase
281,250 shares and 18,750 shares of Common Stock, respectively,
at an exercise price of $10.083 per share. Such number of shares
and such exercise price gives effect to the 3-for-2 stock
dividend paid on July 24, 1998.
The Board of Directors of the Issuer declared a 3-for-2
stock dividend which was paid to the holders of the Issuer's
Common Stock as of July 10, 1998. The dividend was paid on July
24, 1998.
On July 22, 1998, Gary N. Siegler elected to exercise
options for 25,000 shares of the Issuer's Common Stock at an
exercise price of $4.00 per share. Such options were granted to
Mr. Siegler pursuant to the Issuer's 1993 Stock Option Plan. Mr.
Siegler elected to pay the exercise price for such shares with
2,019 shares of the Issuer's Common Stock owned by him.
On July 22, 1998, Neil H. Koffler elected to exercise
options for 5,000 shares of the Issuer's Common Stock at an
exercise price of $4.00 per share. Such options were granted to
Mr. Koffler pursuant to the Issuer's 1993 Stock Option Plan. Mr.
Koffler elected to pay the exercise price for such shares with
404 shares of the Issuer's Common Stock owned by him.
<PAGE>
<PAGE> Page 27 of 30 Pages
On July 27, 1998, Gary N. Siegler elected to exercise
options for 3,750 shares of the Issuer's Common Stock at an
exercise price of $2.667 per share. Such options were granted to
Mr. Siegler pursuant to the Issuer's 1993 Stock Option Plan. Mr.
Siegler elected to pay the exercise price for such shares with
366 shares of the Issuer's Common Stock owned by him.
On July 27, 1998, Neil H. Koffler elected to exercise
options for 750 shares of the Issuer's Common Stock at an
exercise price of $2.667 per share. Such options were granted to
Mr. Koffler pursuant to the Issuer's 1993 Stock Option Plan. Mr.
Koffler elected to pay the exercise price for such shares with 74
shares of the Issuer's Common Stock owned by him.
On July 28, 1998, Gary N. Siegler elected to exercise
options for 3,750 shares of the Issuer's Common Stock at an
exercise price of $2.667 per share. Such options were granted to
Mr. Siegler pursuant to the Issuer's 1993 Stock Option Plan. Mr.
Siegler elected to pay the exercise price for such shares with
362 shares of the Issuer's Common Stock owned by him.
On July 28, 1998, Neil H. Koffler elected to exercise
options for 750 shares of the Issuer's Common Stock at an
exercise price of $2.667 per share. Such options were granted to
Mr. Koffler pursuant to the Issuer's 1993 Stock Option Plan. Mr.
Koffler elected to pay the exercise price for such shares with 73
shares of the Issuer's Common Stock owned by him.
On July 29, 1998, Gary N. Siegler elected to exercise
options for 78,331 shares of the Issuer's Common Stock at
exercise prices of $2.667 and $3.333 per share. Such options
were granted to Mr. Siegler pursuant to the Issuer's 1993 Stock
Option Plan and certain non-plan options. Mr. Siegler elected to
pay the exercise prices for such shares with 7,843 shares of the
Issuer's Common Stock owned by him.
On July 29, 1998, Neil H. Koffler elected to exercise
options for 15,667 shares of the Issuer's Common Stock at
exercise price of $2.667, $4.613 and $3.333 per share. Such
options were granted to Mr. Koffler pursuant to the Issuer's 1993
Stock Option Plan, 1993 Option Plan and certain non-plan options.
Mr. Koffler elected to pay the exercise prices for such shares
with 2,366 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: July 30, 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.
By: ARENA CAPITAL CORP.,
as General Partner
By: /s/ Peter M. Collery
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice 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 /s/ Curtis G. Macnguyen
- ----------------------------- ----------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for
Vice President(1) Curtis G. Macnguyen (2)
SC FUNDAMENTAL, LLC THE GARY N. SIEGLER FOUNDATION
By: SC FUNDAMENTAL INC., By: /s/ Gary N. Siegler
as Manager ---------------------------
Neil H. Koffler, as
By: /s/ Peter M. Collery Attorney-in-Fact for
- -------------------------- Gary N. Siegler
Neil H. Koffler as Attorney- President(1)
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.
(2) Executed by Neil H. Koffler as Attorney-in-Fact for Curtis
G. Macnguyen. The Power of Attorney for Mr. Macnguyen was
filed as Exhibit A to Amendment No. 13 to Schedule 13D
relating to National R.V. Holdings, Inc. on May 14, 1998 and
is hereby incorporated herein by reference.
124150
