UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act
of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person:
Four-Fourteen Partners, LLC
c/o Thomas J. Tisch
667 Madison Avenue
New York, NY 10021
2. Date of Event Requiring Statement (Month/Day/Year)
11/24/1998
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary):
4. Issuer Name and Ticker or Trading Symbol:
Gunther International, Ltd. (SORT)
5. Relationship of Reporting Persons(s) to Issuer:
Director
Officer (give title below)
X 10% Owner
Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security
Common Stock, $.001 par value ("Common Stock")
2. Amount of Securities Beneficially Owned
494,189
3. Ownership Form: Direct (D) or Indirect (I)
D
4. Nature of Indirect Beneficial Ownership
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
1. Title of Derivative Security
Warrants Issued Oct. 2, 1998 ("Loan Warrants")
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable
Loan Warrants - 1/1/1999
Expiration Date
Loan Warrants - 10/2/2003
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3. Title and Amount of Securities Underlying Derivative Security
Title
Loan Warrants - Common Stock
Amount or Number of Shares
Loan Warrants - 2,105,688 shares
4. Conversion or Exercise Price of Derivative Security
Loan Warrants - $1.50 per share
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
Loan Warrants - D
6. Nature of Indirect Beneficial Ownership
Explanation of Responses:
On November 24, 1998, Four-Fourteen Partners, LLC, a Delaware
limited liability company ("4-14P"), acquired from Four Partners, a New
York general partnership ("FP"), 494,189 shares of Common Stock and
Loan Warrants exercisable for 2,105,688 shares of Common Stock. The
transfer from FP to 4-14P was made at the fair market value of the
shares of Common Stock and the Loan Warrants.
The sole partners of FP are Andrew H. Tisch 1991 Trust, for
which Andrew H. Tisch is the managing trustee, Daniel R. Tisch 1991
Trust, for which Daniel R. Tisch is the managing trustee, James S.
Tisch 1991 Trust, for which James S. Tisch is the managing trustee, and
Thomas J. Tisch 1991 Trust, for which Thomas J. Tisch is the managing
trustee. Andrew H. Tisch, Daniel R. Tisch, James S. Tisch and Thomas J.
Tisch are brothers and are referred to herein as the "Messrs. Tisch."
Thomas J. Tisch has been appointed the Manager of FP.
The members of 4-14P are trusts for the benefit of the
offspring of the Messrs. Tisch, partnerships the partners of which are
such trusts and partnerships the partners of which are such
partnerships. The Messrs. Tisch serve as the
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trustees of such trusts. Thomas J. Tisch has been appointed the Manager
of 4-14P.
FP is a member of Gunther Partners, LLC, a Delaware limited
liability company ("GP"). Beneficial ownership of securities of the
issuer by other members of GP and agreements between FP and the other
members of GP have been previously reported in Amendment No. 5 to the
Schedule 13D of FP filed with the Securities and Exchange Commission on
October 7, 1998.
The filing of this statement is not an admission by 4-14P that
4-14P and any other person or persons constitute a "group" for purposes
of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended,
or Rule 13d-5 thereunder or that 4-14P is the beneficial owner of any
securities owned by any other person.
FOUR-FOURTEEN PARTNERS, LLC
By: /s/ Thomas J. Tisch
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Thomas J. Tisch
Manager
Date: December 10, 1998
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