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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
CinemaStar Luxury Theaters, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
17244C-10-3
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(CUSIP Number)
Neil Austrian, c/o Rust Capital, Ltd., 327 Congress Avenue,
Suite 200, Austin, Texas 78701 (512)476-2995
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 23, 1997
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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 / /.
Check the following box if a fee is being paid with the statement / /. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class. (See Rule 13d-7.)
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).
SEC 1746 (12-91) 1 of 10
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CUSIP No. 17244C-10-3 SCHEDULE 13D Page 2 of 10 Pages
----------- --- ---
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(1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above
Person
Reel Partners, L.L.C. (FEIN 74-2853736)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
00
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(5) Check Box 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
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 7,500,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
--------------------------------------------------
(9) Sole Dispositive
Power 7,500,000
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
7,500,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
48.3%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) 2 of 10
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CUSIP No. 17244C-10-3 SCHEDULE 13D Page 3 of 10 Pages
----------- --- ---
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(1) Name of Reporting Person, S.S. or I.R.S. Identification No. of Above
Person
CinemaStar Acquisition Partners, L.L.C. (FEIN 74-2853737)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
00
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(5) Check Box 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
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
--------------------------------------------------
(9) Sole Dispositive
Power 1,000,000
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
11.1%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) 3 of 10
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CUSIP No. 17244C-10-3 SCHEDULE 13D Page 4 of 10 Pages
----------- --- ---
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
SCP Private Equity Partners, L.P. (FEIN 23-2854478)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
00
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(5) Check Box 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
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
--------------------------------------------------
(9) Sole Dispositive
Power 1,000,000
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
11.1%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) 4 of 10
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CUSIP No. 17244C-10-3 SCHEDULE 13D Page 5 of 10 Pages
----------- --- ---
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
SCP Private Equity Management, L.P. (FEIN 23-2854479)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
00
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(5) Check Box 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
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
--------------------------------------------------
(9) Sole Dispositive
Power 1,000,000
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
11.1%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) 5 of 10
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CUSIP No. 17244C-10-3 SCHEDULE 13D Page 6 of 10 Pages
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Safeguard Capital Management, Inc. (FEIN 23-2893097)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
00
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(5) Check Box 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
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
--------------------------------------------------
(9) Sole Dispositive
Power 1,000,000
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
11.1%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) 6 of 10
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CUSIP No. 17244C-10-3 SCHEDULE 13D Page 7 of 10 Pages
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Winston J. Churchill (SS # ###-##-####)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
00
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(5) Check Box 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
United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
--------------------------------------------------
(9) Sole Dispositive
Power 1,000,000
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
11.1%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) 7 of 10
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CUSIP No. 17244C-10-3 SCHEDULE 13D Page 8 of 10 Pages
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Samuel A. Plum (SS # ###-##-####)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
00
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(5) Check Box 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
United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
--------------------------------------------------
(9) Sole Dispositive
Power 1,000,000
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
11.1%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (12-91) 8 of 10
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The Schedule 13D, dated October 3, 1997, filed by Reel Partners,
L.L.C., a Delaware limited liability company, CinemaStar Acquisition
Partners, L.L.C., a Delaware limited liability company ("CAP"), SCP Private
Equity Partners, L.P., a Delaware limited partnership, SCP Private Equity
Management, L.P., a Delaware limited partnership, Safeguard Capital
Management, Inc., a Delaware corporation, Winston J. Churchill, an
individual, and Samuel A. Plum, an individual, with respect to the common
stock, no par value (the "Common Stock"), of CinemaStar Luxury Theaters,
Inc., a California corporation (the "Company"), is hereby amended as set
forth below.
ITEM 1. SECURITY AND ISSUER
No Amendment.
ITEM 2. IDENTITY AND BACKGROUND
No Amendment.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No Amendment.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of Schedule 13D is hereby amended by replacing the seventh
(7th) sentence thereof, which reads as follows: "As of such closing of the
Stock Purchase Agreement, CAP will own 61.25% of the outstanding Common Stock
of the Company and warrants to purchase an additional 9.11% of the
outstanding (assuming exercise) Common Stock of the Company," with the
following: "As of such closing of the Stock Purchase Agreement, CAP will own
71.6979% of the outstanding Common Stock of the Company, which amount assumes
exercise of all warrants granted to CAP in connection with such Stock
Purchase Agreement."
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Item (a) of Item 5 of Schedule 13D is hereby amended by replacing
the fifth (5th) sentence thereof, which reads as follows: "As
of such closing of the Stock Purchase Agreement, CAP will own
61.25% of the outstanding Common Stock of the Company and
warrants to purchase an additional 9.11% of the outstanding
(assuming exercise) Common Stock of the Company," with the
following: " As of such closing of the Stock Purchase
Agreement, CAP will own 71.6979% of the outstanding Common
Stock of the Company, which amount assumes exercise of all
warrants granted to CAP in connection with such Stock Purchase
Agreement."
(b) No amendment.
(c) No amendment.
(d) No amendment.
(e) No amendment.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
No amendment.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
No amendment.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certify that the information
set forth in this statement is true, complete and correct.
REEL
October 10, 1997
/s/ NEIL AUSTRIAN
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SEC 1746 (12-91) 9 of 10
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Date Signature
Neil Austrian, Vice-President
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Name/Title
CAP
---
/s/ NEIL AUSTRIAN
-------------------------------------
Signature
Neil Austrian, Vice-President
-------------------------------------
Name/Title
SCP, MANAGEMENT
---------------
/s/ WINSTON J. CHURCHILL
-------------------------------------
Signature
SCP Private Equity Partners, L.P.;
SCP Private Equity Management, L.P.;
Winston J. Churchill, general partner
-------------------------------------
Name/Title
SAFEGUARD
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/s/ DONALD R. CALDWELL
-------------------------------------
Signature
Safeguard Capital Management, Inc.;
Donald R. Caldwell, President
CHURCHILL
---------
/s/ WINSTON J. CHURCHILL
-------------------------------------
Signature
Winston J. Churchill
PLUM
----
/s/ SAMUEL A. PLUM
-------------------------------------
Signature
Samuel A. Plum
SEC 1746 (12-91) 10 of 10
