UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
MIDWAY GAMES INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
598-148-104
(CUSIP Number)
Sumner M. Redstone
200 Elm Street
Dedham, Massachusetts 02026
Telephone: (781) 461-1600
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
December 17, 1998
(Date of Event which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with this statement / /.
<PAGE>
CUSIP No. 598-148-104
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUMNER M. REDSTONE
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S.S. No.
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
/ / (a)
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/ / (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions) PF
-----------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e).
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(6) Citizenship or Place of Organization United States
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- --------------
Number of (7) Sole Voting Power 5,122,865
Shares ------------------------------
Beneficially (8) Shared Voting Power
Owned by ------------------------------
Each (9) Sole Dispositive Power 5,122,865
Reporting ------------------------------
Person With (10) Shared Dispositive Power
- -------------- ---------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
9,245,636*
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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(13) Percent of Class Represented by Amount in Row (11) 24.8%
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(14) Type of Reporting Person (See Instructions) IN
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*Includes shares owned by National Amusements, Inc.
Page 2 of 6
<PAGE>
CUSIP No. 598-148-104
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
National Amusements
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I.R.S. No. 04-2261332
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
/ / (a)
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/ / (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions) N/A
-----------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e).
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(6) Citizenship or Place of Organization Maryland
------------------------------
- --------------
Number of (7) Sole Voting Power 4,122,771
Shares ------------------------------
Beneficially (8) Shared Voting Power
Owned by ------------------------------
Each (9) Sole Dispositive Power 4,122,771
Reporting ------------------------------
Person With (10) Shared Dispositive Power
- -------------- ---------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,122,771
----------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
--------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 11.06%
--------------------
(14) Type of Reporting Person (See Instructions) CO
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Page 3 of 6
<PAGE>
Item 1. Security and Issuer.
--------------------
This Amendment No. 2 amends the Statement on Schedule 13D filed with
the SEC on April 15, 1998 by Mr. Sumner M. Redstone and National Amusements,
Inc. ("NAI") and amended on October 22, 1998 with respect to the voting common
stock, $.01 par value per share (the "Common Shares"), of Midway Games Inc. (the
"Issuer"), a Delaware corporation, with its principal executive office located
at 3401 North Carolina Avenue, Chicago, IL 60618.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
Item 5 is hereby amended as follows:
(a) NAI is currently the beneficial owner, with sole dispositive and
voting of 4,122,771 Common Shares, or approximately 11.06%, of
the issued and outstanding Common Shares of the Issuer (based on
the number of Common Shares that were reported by the Issuer to
be issued and outstanding as of October 27, 1998).
(b) Mr. Sumner M. Redstone is currently the beneficial owner, with
sole dispositive and voting power, of 5,122,865 Common Shares, or
approximately 13.7%, of the issued and outstanding Common Shares
of the Issuer (based on the number of Common Shares that were
reported by the Issuer to be issued and outstanding as of October
27, 1998). As a result of his stock ownership in NAI, Mr. Sumner
M. Redstone is deemed the beneficial owner of an additional
4,122,771 Common Shares of the issued and outstanding Common
Shares of the Issuer, for a total of 9,245,636 Common Shares, or
approximately 24.8% of the issued and outstanding Common Shares
of the Issuer (based on the number of Common Shares that were
reported by the Issuer to be issued and outstanding as October
27, 1998).
Page 4 of 6
<PAGE>
Transactions effected since the filing of the Statement on
Schedule 13D Amendment No. 1 on October 22, 1998.
<TABLE>
<CAPTION>
SUMNER M. REDSTONE
-------------------
<S> <C> <C> <C>
DATE NO. OF SHARES PRICE WHERE AND HOW EXECUTED
-------- ------------- ----- ------------------------
10/23/98 100,000 $9.2500 Bear, Stearns,
New York, New York
10/26/98 50,000 $9.8750 Purchased privately from
National Amusements, Inc.
10/26/98 5,500 $9.6250 Bear, Stearns,
New York, New York
10/26/98 14,700 $9.7500 "
11/24/98 100,000 $9.8750 "
11/25/98 10,000 $10.0000 "
11/27/98 10,000 $10.0625 "
11/30/98 20,000 $10.1875 "
12/01/98 20,000 $10.0000 "
12/03/98 20,000 $10.0000 "
12/07/98 10,000 $10.0000 "
12/07/98 900 $9.9375 "
12/08/98 20,000 $11.0000 "
12/08/98 16,800 $10.7500 "
12/15/98 10,000 $10.6250 "
12/17/98 10,000 $10.2500 "
12/17/98 10,000 $10.3750 "
12/17/98 2,100 $10.1250 "
</TABLE>
All of the above transactions were purchases.
<TABLE>
<CAPTION>
NATIONAL AMUSEMENTS, INC.
--------------------------
<S> <C> <C> <C>
DATE NO. OF SHARES PRICE WHERE AND HOW EXECUTED
-------- ------------- ----- ------------------------
10/26/98 50,000 $9.8750 Sold privately to
Sumner M. Redstone
</TABLE>
Page 5 of 6
<PAGE>
Signatures
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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. Pursuant to Rule 13d-1(f)(1), each of the undersigned agrees that
this statement is filed on behalf of each of us.
December 18, 1998 /S/ Sumner M. Redstone
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Sumner M. Redstone,
Individually
National Amusements, Inc.
By: /S/ Sumner M. Redstone
-----------------------------------
Name: Sumner M. Redstone,
Title: Chairman, President and
Chief Executive Officer
Page 6 of 6
