<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
BKF CAPITAL GROUP, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
057213100
(CUSIP Number)
Kurt Butenhoff
c/o Bear Sterns & Co. Inc.
245 Park Avenue
New York, New York 10167
Telephone Number: (212) 272-6849
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 3, 2000
(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 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose 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 7
<PAGE> 2
<TABLE>
<S> <C> <C>
CUSIP NO. 057213100 13D PAGE 2 OF 7 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
MANDARIN, INC.
--------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B) X
--------- -----------------------------------------------------------------------------------------------------------
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
BAHAMAS
--------- ----------------------- -----------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------- -----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 479,900
REPORTING ------- -----------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
------- -----------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
479,900
--------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
479,900
--------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
--------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38% (SEE ITEM 5.)
--------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------- -----------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 7
<PAGE> 3
<TABLE>
<S> <C> <C>
CUSIP NO. 057213100 13D PAGE 3 OF 7 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
JOSEPH LEWIS
--------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B) X
--------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------- -----------------------------------------------------------------------------------------------------------
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 KINGDOM
--------- --------------- ------- -----------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------- -----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 479,900
REPORTING ------- -----------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
------- -----------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
479,900
--------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
479,900
--------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
--------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38% (SEE ITEM 5.)
--------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------- -----------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 7
<PAGE> 4
<TABLE>
<S> <C> <C>
CUSIP NO. 057213100 13D PAGE 4 OF 7 PAGES
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
JANE LEWIS
--------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B) X
--------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------- -----------------------------------------------------------------------------------------------------------
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 KINGDOM
------------------------- ------- -----------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------- -----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 479,900
REPORTING ------- -----------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
------- -----------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
479,900
--------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
479,900
--------- -----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
--------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38% (SEE ITEM 5.)
--------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------- -----------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 7
<PAGE> 5
ITEM 1. SECURITY AND ISSUER
(i) Name of Issuer: BKF Capital Group, Inc. ("BKF")
(ii) Address of the Principal Executive Offices of BKF: One
Rockefeller Plaza, New York, New York 10020
(iii) Title of Class of Equity Securities to which this Statement
relates: Common Stock, $1.00 par value per share (the "Common
Stock")
ITEM 2. IDENTITY AND BACKGROUND
Mandarin, Inc. ("Mandarin") is a corporation organized under the laws
of the Bahamas as an investment vehicle. The shareholders and directors of
Mandarin are Joseph Lewis and Jane Lewis, who are permanent residents of the
Bahamans and citizens of the United Kingdom. The business address of each of
Mandarin, Joseph Lewis and Jane Lewis is c/o Cay House, P.O. Box N7776, Lyford
Cay, New Providence, Bahamas. The principle business of each of Joseph Lewis and
Jane Lewis is private investments and serving as directors of Mandarin.
During the last five years, neither Mandarin, Joseph Lewis or Jane
Lewis has been (i) convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) a party to a civil proceeding of a
judicial or administrative body of a competent jurisdiction and as a result of
which was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to Federal or
State securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mandarin used its working capital to purchase the shares of Common
Stock described herein.
ITEM 4. PURPOSE OF TRANSACTION
Mandarin intends to hold the shares of Common Stock for investment
purposes. Mandarin may, from time to time, acquire additional shares of Common
Stock in the open market or in privately negotiated transactions subject to the
availability of additional shares at prices deemed favorable, BKF's business or
financial condition and other factors and conditions. Alternatively, Mandarin
may sell all or a portion of the shares of Common Stock in the open market or in
privately negotiated transactions.
Except as set forth above in this Item 4, Mandarin has no present plans
or proposals that relate to or would result in: (a) the acquisition by any
person of additional securities of BKF, or the disposition of securities of BKF;
(b) an extraordinary corporate transaction, such as a merger, reorganization or
liquidation involving BKF or any of its subsidiaries; (c) a sale or transfer of
a material amount of assets of BKF or of any of its subsidiaries; (d) any change
in the present board of directors or management of BKF, including any plans or
proposals to change the number or term of directors or to fill any existing
vacancies on the board; (e) any material change in the present capitalization or
dividend policy of BKF; (f) any other material change in the issuer's business
or corporate structure, including, but not limited to, any plans or proposals to
make any changes in BKF's investment policy for which a vote is required by
Section 13 of the Investment Company Act of 1940; (g) changes in BKF's charter,
bylaws or instruments corresponding thereto or other actions which may impede
the acquisition of control of BKF by any person; (h) causing a class of
securities of BKF to be delisted from a national securities exchange or to cease
to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (i) a class of equity securities of
BKF becoming eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action
similar to any of those enumerated above.
Page 5 of 7
<PAGE> 6
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Mandarin owns 479,900 shares of Common Stock, which constitutes
approximately 7.38% of BKF's outstanding shares of Common Stock. Joseph Lewis
and Jane Lewis, as the only shareholders of Mandarin, are the beneficial owners
of the 479,900 shares of Common Stock. Mandarin, Joseph Lewis and Jane Lewis
have shared power to vote and to dispose of the 479,900 shares of Common Stock.
Set forth below are the number of shares, trading dates and average
price per share for all purchases of Common Stock made by Mandarin within the
past 60 days. All purchases were open market transactions and were effected on
the New York Stock Exchange.
<TABLE>
<CAPTION>
Number Trading Price
of Shares Date Per Share
--------- ---- ---------
<S> <C> <C>
14,800 4/6/00 12.42
35,000 4/7/00 12.625
3,300 4/25/00 12.00
300 4/25/00 12.00
5,000 4/26/00 12.00
21,200 4/27/00 12.00
5,000 5/3/00 12.00
5,000 5/3/00 12.00
5,000 5/3/00 12.00
20,000 5/8/00 12.25
800 5/17/00 12.25
15,000 5/18/00 12.25
10,000 5/25/00 12.50
</TABLE>
(d) None.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
Page 6 of 7
<PAGE> 7
SIGNATURE
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.
---------------------------
MANDARIN, INC.
Date: June 2, 2000 By: /s/ Joseph Lewis
---------------------------
Name: Joseph Lewis
Title: Director
Date: June 2, 2000 /s/ Joseph Lewis
---------------------------
Joseph Lewis
Date: June 5, 2000 /s/ Jane Lewis
---------------------------
Jane Lewis
Page 7 of 7
