<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(AMENDMENT NO. 3)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
POLLO TROPICAL, INC.
- - --------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK, $0.01 PAR VALUE
- - --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
731513 10 7
- - --------------------------------------------------------------------------------
(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
PAGE 1 OF 7 PAGES
THE EXHIBIT APPEARS ON PAGE 7
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CUSIP No. 731513 10 7
-----------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons:
LARRY J. HARRIS
-----------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) (b)
------------- --------------
(3) SEC Use Only
----------------------------------------------------------
(4) Citizenship or Place of Organization: U.S.A.
--------------------------------
Number of (5) Sole Voting Power 80,025
Shares Bene- -------------------------
ficially
Owned by (6) Shared Voting Power 1,147,156
Each Report- -----------------------
ing Person
with (7) Sole Dispositive Power 80,025
---------------------
(8) Shared Dispositive Power 1,147,156
------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,227,181
---------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) X(1)
---------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9) 15%
---------------------
(12) Type of Reporting Person (See Instructions) IN
---------------------------
- - -------------------
1 The aggregate amount in Row 9 does not include approximately 300,918
shares of Common Stock held in Trust for the benefit of the Reporting
Person's Children, with respect to which the Reporting Persons disclaim
beneficial ownership.
Page 2 of 7 Pages
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CUSIP No. 731513 10 7
-----------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons:
MOLLY HARRIS
-----------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) (b)
------------- --------------
(3) SEC Use Only
----------------------------------------------------------
(4) Citizenship or Place of Organization: U.S.A.
--------------------------------
Number of (5) Sole Voting Power 0
Shares Bene- -------------------------
ficially
Owned by (6) Shared Voting Power 1,147,156
Each Report- -----------------------
ing Person
with (7) Sole Dispositive Power 0
---------------------
(8) Shared Dispositive Power 1,147,156
------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,147,156
---------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) X(1)
---------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9) 14%
---------------------
(12) Type of Reporting Person (See Instructions) IN
---------------------------
- - -------------------
1 The aggregate amount in Row 9 does not include approximately 300,918
shares of Common Stock held in Trust for the benefit of the Reporting
Person's Children, with respect to which the Reporting Persons disclaim
beneficial ownership.
Page 3 of 7 Pages
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ITEM 1(a). Name of Issuer:
Pollo Tropical, Inc.
ITEM 1(b). Address of Issuer's Principal Executive Offices:
7300 North Kendall Drive
Miami, Florida 33156
ITEM 2(a). Name of Persons Filing:
Larry J. and Molly Harris
ITEM 2(b). Address of Principal Business Office:
7300 North Kendall Drive
Miami, Florida 33156
ITEM 2(c). Citizenship:
U.S.A.
ITEM 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
ITEM 2(e). CUSIP Number:
731513 10 7
ITEM 3. If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b), identify the status of the
person filing.
Not applicable.
Page 4 of 7 Pages
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ITEM 4. Ownership.
<TABLE>
<CAPTION>
Amount Power to Vote Power to Dispose
Reporting Beneficially % of ----------------------------------------------------------
Person Owned Class* Sole Shared Sole Shared
================================================================================================================
<S> <C> <C> <C> <C> <C> <C>
Larry J. Harris 1,227,181(1)(2) 15 80,025 1,147,156 80,025 1,147,156
Molly Harris 1,147,156(1) 14 0 1,147,156 0 1,147,156
================================================================================================================
</TABLE>
*Calculated on the basis of 8,187,157 shares of Common Stock
outstanding on December 31, 1997.
(1) Excludes approximately 300,918 shares held in trust for the benefit of
the Reporting Persons' children. The Reporting Persons disclaim
beneficial ownership with respect to these shares.
(2) Includes options to purchase 80,025 shares of Common Stock.
ITEM 5. Ownership of Five Percent or Less of a Class.
Not applicable.
ITEM 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable.
ITEM 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
Not applicable.
ITEM 8. Identification and Classification of Members of the
Group.
Not applicable.
ITEM 9. Notice of Dissolution of Group.
Not applicable.
ITEM 10. Certification.
Not Applicable.
Page 5 of 7 Pages
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SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 11, 1998 /s/ LARRY J. HARRIS
------------------------------
LARRY J. HARRIS
/s/ MOLLY HARRIS
------------------------------
MOLLY HARRIS
Page 6 of 7 Pages
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EXHIBIT "A"
AGREEMENT TO FILE JOINT SCHEDULE 13G
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Pursuant to Rule 13d-1(f)(i), the undersigned hereby consent to the
joint filing of a single statement on their behalf.
February 11, 1998 /s/ LARRY J. HARRIS
------------------------------
LARRY J. HARRIS
/s/ MOLLY HARRIS
------------------------------
MOLLY HARRIS
Page 7 of 7 Pages
