Page 1 of 22 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
KTI, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
482689205
- --------------------------------------------------------------------------------
(CUSIP Number)
Mr. Mark D. Kalimian
c/o Abington Holding
950 Third Avenue
New York, NY 10022
(212) 759-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 16, 1997
- --------------------------------------------------------------------------------
(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 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>
SCHEDULE 13D
CUSIP No. 482689205 Page 2 of 22 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Mona Kalimian
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group* a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 204,750
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting
Person --------------------------------------------------------
With 9 Sole Dispositive Power
204,750
--------------------------------------------------------
10 Shared Dispositive Power
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
204,750
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
2.95%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 22 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
KTI, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
482689205
- --------------------------------------------------------------------------------
(CUSIP Number)
Mr. Mark D. Kalimian
c/o Abington Holding
950 Third Avenue
New York, NY 10022
(212) 759-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 16, 1997
- --------------------------------------------------------------------------------
(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 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>
SCHEDULE 13D
CUSIP No. 482689205 Page 4 of 22 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Mark D. Kalimian
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group* a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 26,225
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting
Person --------------------------------------------------------
With 9 Sole Dispositive Power
26,225
--------------------------------------------------------
10 Shared Dispositive Power
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
26,225
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.38%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 5 of 22 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
KTI, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
482689205
- --------------------------------------------------------------------------------
(CUSIP Number)
Mr. Mark D. Kalimian
c/o Abington Holding
950 Third Avenue
New York, NY 10022
(212) 759-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 16, 1997
- --------------------------------------------------------------------------------
(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 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>
SCHEDULE 13D
CUSIP No. 482689205 Page 6 of 22 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Linda Berley
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group* a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 20,150
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting
Person --------------------------------------------------------
With 9 Sole Dispositive Power
20,150
--------------------------------------------------------
10 Shared Dispositive Power
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
20,150
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.29%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 7 of 22 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
KTI, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
482689205
- --------------------------------------------------------------------------------
(CUSIP Number)
Mr. Mark D. Kalimian
c/o Abington Holding
950 Third Avenue
New York, NY 10022
(212) 759-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 16, 1997
- --------------------------------------------------------------------------------
(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 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>
SCHEDULE 13D
CUSIP No. 482689205 Page 8 of 22 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Candlewood Trust, Morad Kalimian, Trustee
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group* a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 142,800
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting
Person --------------------------------------------------------
With 9 Sole Dispositive Power
142,800
--------------------------------------------------------
10 Shared Dispositive Power
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
142,800
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
2.03%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
OO (Trust)
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 9 of 22 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
KTI, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
482689205
- --------------------------------------------------------------------------------
(CUSIP Number)
Mr. Mark D. Kalimian
c/o Abington Holding
950 Third Avenue
New York, NY 10022
(212) 759-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 16, 1997
- --------------------------------------------------------------------------------
(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 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>
SCHEDULE 13D
CUSIP No. 482689205 Page 10 of 22 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Caroline Berley 1994 Credit Shelter Trust, Mona Kalimian, Trustee
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group* a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 21,000
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting
Person --------------------------------------------------------
With 9 Sole Dispositive Power
21,000
--------------------------------------------------------
10 Shared Dispositive Power
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,000
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.30%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
OO (Trust)
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 11 of 22 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
KTI, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
482689205
- --------------------------------------------------------------------------------
(CUSIP Number)
Mr. Mark D. Kalimian
c/o Abington Holding
950 Third Avenue
New York, NY 10022
(212) 759-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 16, 1997
- --------------------------------------------------------------------------------
(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 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>
SCHEDULE 13D
CUSIP No. 482689205 Page 12 of 22 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Alexander Berley 1994 Credit Shelter Trust, Mona Kalimian, Trustee
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group* a. |X|
b. |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of
Shares 21,000
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting
Person --------------------------------------------------------
With 9 Sole Dispositive Power
21,000
--------------------------------------------------------
10 Shared Dispositive Power
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
21,000
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
0.30%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
OO (Trust)
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This statement relates to the common stock, par value $.01 per share
(the "Common Stock"), of KTI, Inc., a New Jersey corporation (the "Company").
This statement constitutes Amendment No. 3 to the Schedule 13D of Mona Kalimian,
Mark D. Kalimian, Linda Berley, Candlewood Trust, Caroline Berley 1994 Credit
Shelter Trust and the Alexander Berley 1994 Credit Shelter Trust originally
filed with the Commission on August 4, 1995 ("Initial Filing") and which was
amended and restated on October 4, 1996 (the "Amended and Restated 13D") in
accordance with Rule 13d-2(c) and amended by Amendment No. 2 thereto filed with
the Commission on October 17, 1996 (the "Second Amendment"). Except as disclosed
herein, there has been no change in the information previously reported in the
Second Amendment. Capitalized terms not defined herein shall have the meanings
ascribed to them in the Amended and Restated 13D.
Item 5. Interest in Securities of the Issuer
Item 5 is amended by the following:
(a) deleting the first paragraph of Item 5 and by adding the following in
place thereof:
"According to the Company's Quarterly Report on Form 10Q for the period
ended March 31, 1997, the Company has 6,907,262 shares of Common Stock
outstanding as of May 12, 1997."
(b) deleting the first paragraph under the caption "Mona Kalimian" and by
adding the following in place thereof:
"As of the date hereof, the Reporting Person Mona Kalimian is the
beneficial owner of 204,750 shares of Common Stock, or 2.95% of the outstanding
Common Stock, calculated in accordance with Rule 13d-3(d)(1). Of such 204,750
shares of Common Stock, 162,750 shares of Common Stock are owned directly. Mrs.
Kalimian has sole voting and dispositive power with respect to these 162,750
shares."
Page 13 of 22 Pages
<PAGE>
(c) adding the following after the last paragraph under the caption "Mona
Kalimian":
"Since the filing of the Second Amendment, Mona Kalimian (i) received as a
stock dividend issued by the Company on March 14, 1997 (the "Dividend"), 8,750
shares of Common Stock and (ii) sold on the open market, shares of Common Stock
in the amounts and for the sale prices per share as follows:
Number of Shares
Date Sold Sale Price
---- ---- ----------
March 7, 1997 1,000 $9 1/4
March 10, 1997 2,000 9 1/4
March 10, 1997 2,000 9 1/4
March 11, 1997 2,000 9 3/8
March 11, 1997 3,000 9 3/16
March 11, 1997 5,000 9 3/8
June 12, 1997 5,000 9
June 12, 1997 5,000 9
June 12, 1997 5,000 9
June 16, 1997 6,000 9 1/8
Additionally, in connection with the Dividend, the number of shares of
stock underlying the Warrants were increased by 5% and the Exercise Price of the
Warrants was reduced by 5% (the "Warrant Adjustment"). Accordingly, the number
of shares of Common Stock underlying the Warrants indirectly beneficially owned
by Mrs. Kalimian as sole trustee of both the Caroline Trust and the Alexander
Trust increased by 2,000 shares and the Exercise Price of the Warrants was
reduced to approximately $5.48 per share."
(d) deleting the first paragraph under the caption "Mark Kalimian" and by
adding the following in place thereof:
"As of the date hereof, the Reporting Person Mark Kalimian is the
beneficial owner of 26,225 shares of Common Stock, or 0.38% of the outstanding
Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is
direct. Mr. Kalimian has sole voting and dispositive power with respect to these
shares."
(e) adding the following after the last paragraph under the caption "Mark
Kalimian":
"Since the filing of the Second Amendment, Mark Kalimian (i) received in
connection with the Dividend, 1,725 shares of Common Stock and (ii) sold on the
open market, shares of Common Stock in the amounts and for the sale prices per
share as follows:
Page 14 of 22 Pages
<PAGE>
Number of Shares
Date Sold Sale Price
---- ---- ----------
March 3, 1997 10,000 $9
June 12, 1997 5,000 9
June 12, 1997 5,000 9
(f) deleting the first paragraph under the caption "Linda Berley" and by
adding the following in place thereof:
"As of the date hereof, the Reporting Person Linda Berley is the
beneficial owner of 20,150 shares of Common Stock, or 0.29% of the outstanding
Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is
direct. Ms. Berley has sole voting and dispositive power with respect to these
shares."
(g) adding the following after the last paragraph under the caption "Linda
Berley":
"Since the filing of the Second Amendment, Linda Berley (i) received in
connection with the Dividend, 1,150 shares of Common Stock and (ii) sold on the
open market, shares of Common Stock in the amounts and for the sale prices per
share as follows:
Number of Shares
Date Sold Sale Price
---- ---- ----------
February 28, 1997 2,500 $9
March 4, 1997 2,500 9
March 6, 1997 5,000 9
June 12, 1997 4,000 9
(h) deleting the first paragraph under the caption "Candlewood Trust" and
by adding the following in place thereof:
"As of the date hereof, the Reporting Person Candlewood Trust is the
beneficial owner of 142,800 shares of Common Stock, or 2.03% of the outstanding
Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is
direct. Morad Kalimian, as sole trustee of the Candlewood Trust, has sole voting
and dispositive power with respect to these shares."
(i) adding the following after the last paragraph under the caption
"Candlewood Trust":
"Since the filing of the Second Amendment, and as a result of the Warrant
Adjustment, the number of shares underlying Warrants held by the Candlewood
Trust increased by 6,800 shares and the Exercise Price of the Warrants was
reduced to approximately $5.48 per share."
(j) deleting the first paragraph under the caption "Caroline Trust" and by
adding the following in place thereof:
Page 15 of 22 Pages
<PAGE>
"As of the date hereof, the Reporting Person Caroline Trust is the
beneficial owner of 21,000 shares of Common Stock, or 0.30% of the outstanding
Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is
direct. Mrs. Kalimian as sole trustee of the Caroline Trust, has sole voting and
dispositive power with respect to these shares."
(k) adding the following after the last paragraph under the caption
"Caroline Trust":
"Since the filing of the Second Amendment, and as a result of the Warrant
Adjustment, the number of shares underlying Warrants beneficially owned by the
Caroline Trust increased by 1,000 shares and the Exercise Price of the Warrants
was reduced to approximately $5.48 per share."
(l) deleting the first paragraph under the caption "Alexander Trust" and
by adding the following in place thereof:
"As of the date hereof, the Reporting Person Alexander Trust is the
beneficial owner of 21,000 shares of Common Stock, or 0.30% of the outstanding
Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is
direct. Mrs. Kalimian as sole trustee of the Caroline Trust, has sole voting and
dispositive power with respect to these shares."
(m) adding the following after the last paragraph under the caption
"Caroline Trust":
"Since the filing of the Second Amendment, and as a result of the Warrant
Adjustment, the number of shares underlying Warrants beneficially owned by the
Alexander Trust increased by 1,000 shares and the Exercise Price of the Warrants
was reduced to approximately $5.48 per share."
Page 16 of 22 Pages
<PAGE>
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.
June 18, 1997 /s/ Mona Kalimian
- ------------- -----------------
Date Signature
Mona Kalimian
-----------------
Name
Page 17 of 22 Pages
<PAGE>
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.
June 18, 1997 /s/ Mark D. Kalimian
- ------------------ --------------------
Date Signature
Mark D. Kalimian
--------------------
Name
Page 18 of 22 Pages
<PAGE>
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.
June 18, 1997 /s/ Linda Berley
- ------------------ --------------------
Date Signature
Linda Berley
--------------------
Name
Page 19 of 22 Pages
<PAGE>
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.
June 18, 1997 /s/ Morad Kalimian
- ------------------ ------------------------------
Date Morad Kalimian, as trustee for
the Candlewood Trust
Page 20 of 22 Pages
<PAGE>
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.
June 18, 1997 /s/ Mona Kalimian
- ------------------ -------------------------------
Date Mona Kalimian, as trustee for
the Caroline Berley 1994 Credit
Shelter Trust
Page 21 of 22 Pages
<PAGE>
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.
June 18, 1997 /s/ Mona Kalimian
- ------------------ -----------------------------
Date Mona Kalimian, as trustee for
the Alexander Berley 1994
Credit Shelter Trust
Page 22 of 22 Pages
