SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 4)
Under the Securities Exchange Act of 1934
THE SIRENA APPAREL GROUP, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
82966Q102
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(CUSIP Number)
American Industries, Inc.
Suite 106
1750 N.W. Front Avenue
Portland, Oregon 97209
(503) 222-0060
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(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
With a copy to:
Kenneth D. Stephens, Esq.
Tonkon Torp LLP
1600 Pioneer Tower
888 S.W. Fifth Avenue
Portland, Oregon 97204
(503) 802-2008
March 2, 1999
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(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 that 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 [ ].
<PAGE>
CUSIP No. 82966Q102
1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
American Industries, Inc.
IRS Identification Number: 93-0331722
2. Check the appropriate box if a member of a group (a) / /
(b) /x/
3. SEC USE ONLY
4. Source of Funds
WC, OO, BK
5. Check box if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e) / /
6. Citizenship or place of organization
Oregon
7. Sole Voting Power
1,702,000*
8. Shared Voting Power
-0-
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* Does not include 20,000 shares of the issuer's Common Stock held by Juanita
Hedinger, the wife of the reporting person's Chairman and President. The
reporting person disclaims ownership of such shares.
<PAGE>
9. Sole Dispositive Power
1,702,000*
10. Shared Dispositive Power
-0-
11. Aggregate amount beneficially owned by each reporting person
1,702,000*
12. Check box if the aggregate amount in row (11) excludes
certain shares /x/
13. Percent of class represented by amount in row (11)
36.6% percent*
14. Type of Reporting Person
CO
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* Does not include 20,000 shares of the issuer's Common Stock held by Juanita
Hedinger, the wife of the reporting person's Chairman and President. The
reporting person disclaims ownership of such shares.
<PAGE>
This Amendment No. 4 to the Schedule 13D dated January 5, 1996 (the "Original
Schedule 13D"), as amended by Amendment No. 1 dated February 2, 1996, as amended
by Amendment No. 2 dated April 18, 1996, as amended by Amendment No. 3 dated May
2, 1997, is being filed to amend Items 3 and 5 as follows:
Item 3 of Schedule 13D is hereby amended in its entirety to read as follows:
Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------
The funds used by American to purchase the shares held by it were
provided by the general working capital funds of American and by funds advanced
through a margin account with Black and Company, Inc., One Southwest Columbia
Street, Portland, Oregon 97258, except that the funds used by American to
purchase 12,000 shares on 02/19/99 and 100,000 shares on 03/02/99 were provided
only from the general working capital funds of American.
Item 5 of Schedule 13D is hereby amended in its entirety to read as follows:
Item 5. Interests in Securities of Issuer
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Since the filing of Amendment No. 3 to the Original Schedule 13D,
American has purchased 172,000 shares of the issuer's Common Stock in
transactions effected by a registered broker/dealer on the Nasdaq Stock Market
as follows:
<TABLE>
<CAPTION>
DATE NUMBER OF SHARES PRICE PER SHARE AGGREGATE PRICE
- ---- ---------------- --------------- ---------------
<S> <C> <C> <C>
05/27/97 20,000 $3.63 $72,503.00
10/13/98 100 $3.88 387.50
10/07/98 10,700 $3.81 $40,793.75
10/12/98 6,700 $3.69 $24,706.25
10/07/98 4,000 $3.50 $14,000.00
10/08/98 3,500 $3.47 $12,145.00
10/09/98 15,000 $3.47 $52,031.25
02/19/99 12,000 $5.4375 $65,250.00
03/02/99 100,000 $5.875 $587,500.00
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TOTAL $869,316.75
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</TABLE>
<PAGE>
As a result of such acquisitions, American holds an aggregate of
1,702,000* shares of the issuer's Common Stock, representing approximately
36.6%* of the issuer's outstanding Common Stock, acquired for an aggregate
consideration of $3,293,168.00.
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.
DATED: March 10, 1999 AMERICAN INDUSTRIES, INC.
By:/s/Robert Savage
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Robert Savage, Vice President
and Secretary
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* Does not include 20,000 shares of the issuer's Common Stock held by Juanita
Hedinger, the wife of the reporting person's Chairman and President. The
reporting person disclaims ownership of such shares.
