FAMILY GOLF CENTERS INC
424B3, 1999-05-20
MISCELLANEOUS AMUSEMENT & RECREATION
Previous: DIAMOND CABLE COMMUNICATIONS PLC, 8-K, 1999-05-20
Next: GILMER FINANCIAL SERVICES INC, 8-K, 1999-05-20



<PAGE>

                                                Filed Pursuant to Rule 424(b)(3)
                                               Registration File No.: 333-44165



PROSPECTUS SUPPLEMENT                                             RULE 424(B)(3)
- ---------------------                                REGISTRATION NO. 333-44165
(TO PROSPECTUS, DATED FEBRUARY 6, 1998)               


                            FAMILY GOLF CENTERS, INC.
           $115,000,000 5 3/4% Convertible Subordinated Notes Due 2004
                        4,712,832 Shares of Common Stock

              -----------------------------------------------------


         All of the share figures in this Prospectus Supplement have been
adjusted to give effect to a three-for-two stock split effected in the form of a
stock dividend declared on April 2, 1998 to holders of record of the Common
Stock on April 20, 1998.

         This Prospectus Supplement relates to the resale of up to $115,000,000
aggregate principal amount of 5 3/4% Convertible Subordinated Notes due 2004
(the "Notes") of Family Golf Centers, Inc., a Delaware corporation (the
"Company"), issued to the initial purchasers of the Notes (the "Initial
Purchasers") in private placements consummated on October 16, 1997 and November
14, 1997, the resale of up to 4,631,494 shares of common stock, par value $.01
per share (the "Shares" or "Common Stock"), of the Company which are initially
issuable upon conversion of the Notes by any holder thereof and to the offering
that may be made from time to time of up to 81,338 Shares, by, or for the
accounts of, the holders thereof (the "Selling Security Holders"). This
Prospectus Supplement reflects a change in information as to the names of or
amounts owned by certain Selling Security Holders from that set forth in the
Prospectus. See "Selling Security Holders" and "Plan of Distribution."

         The following table sets forth certain information, as provided by or
on behalf of the Selling Security Holders named below, with respect to the
principal amount of Notes held by such Selling Security Holder and the number of
Shares issuable upon conversion of the Notes. This information was accurate as
of the date such information was provided to the Company. The respective amounts
set forth may have increased or decreased due to trading in the Private
Offerings, Resales and Trading through Automated Linkages ("PORTAL") market or
otherwise since the date such information was provided. The Notes and Shares of
Common Stock offered pursuant to the Registration Statement, of which this
Prospectus Supplement forms a part, may be offered from time to time in whole or
in part by the Selling Security Holders named below. Any or all of the Notes or
Shares of Common Stock listed below may be offered for sale by the Selling
Security Holders from time to time and therefore no estimate can be given as to
the principal amount of Notes or the number of Shares that will be held by the
Selling Security holders upon termination of this offering (except that in each
case, such number will represent less that 1% of the Common Stock outstanding,
unless otherwise indicated). Other than their ownership of the Company's
securities, none of the Selling Security Holders listed below has had any
material relationship with the Company within the past three years, other than
BancAmerica Robertson Stephens (now known as BancBoston Robertson Stephens) and
Jefferies & Company, Inc., which have acted as an Initial Purchaser and/or
Underwriter for the Company. The percentage of Notes outstanding after the
Offering is 0% for each of the Selling Security Holders.

<TABLE>
<CAPTION>

                                   PRINCIPAL                           NUMBER OF                            PERCENTAGE OF
                                AMOUNT OF NOTE       NUMBER OF         SHARES OF                             COMMON STOCK
                                 BENEFICIALLY       CONVERSION        COMMON STOCK                           OUTSTANDING
                                  OWNED THAT        SHARES THAT       OWNED BEFORE         NUMBER OF          AFTER THE
                    NAME          MAY BE SOLD       MAY BE SOLD       THE OFFERING      SHARES OFFERED         OFFERING
                    ----          -----------       -----------       ------------      --------------         --------
<S>                                <C>                 <C>                 <C>               <C>                  <C>
Jefferies & Company, Inc.          1,300,000           52,356              0                 52,356               0%

</TABLE>


     THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
     AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS THE
     SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION
     PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION
     TO THE CONTRARY IS A CRIMINAL OFFENSE.

             The date of this Prospectus Supplement is May 20, 1999




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission