1934 ACT FORMS
II. SELECTED SCHEDULES UNDER
THE SECURITIES EXCHANGE
ACT OF 1934
A. SCHEDULE 13D
INFORMATION REQUIREMENTS FOR FILINGS UPON ACQUISITION OF
FIVE PERCENT OF A CLASS OF EQUITY SECURITIES SUBJECT TO
THE REPORTING REQUIREMENTS OF THE 1934 ACT
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____) *
Boston Restaurant Associates, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
101122109 Common Stock
101122125 Warrants
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(CUSIP Number)
George R. Chapdelaine, 999 Broadway, Suite 400, Saugus, MA 01906, (781) 231-7575
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 31, 1998 Annual Reporting
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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 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 [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent .
*The remainder of this cover page shall be filed 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>
CUSIP No. 101122109 Common Stock
10112125 Warrants
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(1) Names of Reporting Persons. S.S. or
I.R.S. Identification Nos. of Above
Persons Roger Lipton
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(2) Check the Appropriate Box if a Member (a)
of a Group (See instructions) (b)
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(3) SEC Use Only
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SCHEDULE 13D
(4) Source of Funds (See Instructions) Personal Funds
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(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 U.S.A.
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<TABLE>
<CAPTION>
Common Stock Warrants
------------ --------
<S> <C> <C> <C> <C>
Number of Shares (7) Sole Voting Mary Lipton (IN)- 49,000 0
Beneficially Owned Power Roger Lipton (BD)- 568,232 281,860
by Each Reporting RHL Associates (PN)- 475,678 102,000
Person With Lipton Foundation (00)- 5,607 0
Leslie Lipton (IN)- 7,000 0
(8) Shared Voting N/A
Power
(9) Sole Dispositive Same as Number (7).
Power
(10) Shared Dispositive N/A
Power
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Common Stock Warrants
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(11) Aggregate Amount Beneficially Owned
by Each Reporting Person Mary Lipton (IN) 49,000 0
Roger Lipton (BD) 568,232 281,860
RHL Associates (PN) 475,678 102,000
Lipton Foundation (00) 5,607 0
Leslie Lipton (IN) 7,000 0
Total 1,105,517 383,860
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(12) Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions) N/A
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(13) Percent of Class Represented by Amount
in Row (11) 15.73% Common Stock 21.3% Warrants
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(14) Type of Reporting Person Mary Lipton (IN)
(See Instructions) Roger Lipton(BD)
RHL Associates(PN)
Lipton Foundation(00)
Leslie Lipton (IN)
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</TABLE>
<PAGE>
SCHEDULE 13D - 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.
February 5, 1999
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(Date)
/s/ Roger Lipton
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Roger Lipton
