SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)
SPS Technologies, Inc.
____________________________________________________________
(Name of Issuer)
Common Stock, Par Value $1.00 Per Share
____________________________________________________________
(Title of Class and Securities)
784626 10 3
___________________________________________________________
(CUSIP Number of Class of Securities)
John F. Keane
Tinicum Enterprises, Inc.
990 Stewart Avenue
Garden City, New York 11530
(516) 222-2874
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Paul T. Schnell, Esq.
Skadden, Arps, Slate, Meagher & Flom
919 Third Avenue
New York, New York 10022
(212) 735-3000
March 21, 1995
____________________________________________________________
(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 Statement because of Rule d-1(b)(3) or
(4), check the following box: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
TINICUM INVESTORS 13-3800339
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
WC, 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
DELAWARE
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 629,339
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 629,339
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
629,339
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
11.2%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DERALD H. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, 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
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 15,906
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 15,906
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,906
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ERIC M. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, 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
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 18,316
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 18,316
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,316
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JOHN C. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, 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
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 15,906
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 15,906
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,906
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
KATHERINE T. RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, 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
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 15,906
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 15,906
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,906
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 784626 10 3
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HATTIE RUTTENBERG ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF, 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
UNITED STATES
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 15,906
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 15,906
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
0
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,906
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
This statement amends and supplements the State-
ment on Schedule 13D (the "Schedule 13D") filed with the
Securities and Exchange Commission (the "Commission") by
Tinicum Enterprises, Inc., a Delaware corporation, Tinicum
Investors, a Delaware partnership, RUTCO Incorporated, a
Delaware corporation, RIT Capital Partners plc, a United
Kingdom corporation, J. Rothschild Capital Management Limit-
ed, a United Kingdom corporation, St. James's Place Capital
plc, a United Kingdom corporation, Mr. Derald H. Ruttenberg,
Mr. Eric M. Ruttenberg, Mr. John C. Ruttenberg, Ms. Kather-
ine T. Ruttenberg, Ms. Hattie Ruttenberg, Mr. Putnam L.
Crafts, Jr. and Mr. James H. Kasschau in connection with
their ownership of shares of common stock, par value $1.00
per share (the "Shares"), of SPS Technologies, Inc., a
Pennsylvania corporation. Unless otherwise defined herein,
all capitalized terms used herein shall have the meanings
ascribed to them in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and supplemented by adding the
following:
The Shares purchased by the Ruttenbergs since
January 25, 1995 (as described in Item 5(c) below), were
paid for out of personal funds and/or with the proceeds of
borrowings under the Line of Credit summarized in the Sched-
ule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5(a) is hereby amended and supplemented by adding
the following:
As of the close of business on March 21, 1995, the
Reporting Persons beneficially owned an aggregate of 953,590
Shares (including a total of 2,410 Shares purchasable upon
the exercise of certain options granted to Eric Ruttenberg
(the "Option Shares"), which Option Shares have been treated
as outstanding for purposes of computing percent of class),
which represent approximately 16.9% of the 5,638,769 Shares
(including the Option Shares) outstanding on such date. In
accordance with Rule 13d-5(b)(1) of the General Rules and
Regulations under the Exchange Act, Enterprises, Investors
II, RUTCO, RIT, JRCML, SJPC, the Ruttenbergs, Mr. Crafts and
Mr. Kasschau as a group may be deemed to beneficially own
such Shares. As of the close of business on March 21, 1995,
Enterprises, Investors II, RUTCO, RIT, JRCML, SJPC, Derald
Ruttenberg, Eric Ruttenberg, John Ruttenberg, Katherine
Ruttenberg, Hattie Ruttenberg, Mr. Crafts and Mr. Kasschau
had direct beneficial ownership of 0, 629,339, 0, 132,311,
0, 0, 15,906, 18,316 (including the Option Shares), 15,906,
15,906, 15,906, 100,000 and 10,000 Shares, respectively.
Item 5(c) is hereby amended and supplemented by adding
the following:
Within the past 60 days, the Reporting Persons
have acquired shares on the New York Stock Exchange, in the
amounts, on the dates and at the prices (excluding commis-
sions) set forth below:
Date # of Shares Avg. Price/Share Purchaser
1/23/95 27,270 $29.275 Investors II
1/23/95 4,546 $29.275 Derald Ruttenberg
1/23/95 4,546 $29.275 Eric Ruttenberg
1/23/95 4,546 $29.275 John Ruttenberg
1/23/95 4,546 $29.275 Katherine Ruttenberg
1/23/95 4,546 $29.275 Hattie Ruttenberg
2/10/95 840 29.973 Derald Ruttenberg
2/10/95 840 29.973 Eric Ruttenberg
2/10/95 840 29.973 John Ruttenberg
2/10/95 840 29.973 Katherine Ruttenberg
2/10/95 840 29.973 Hattie Ruttenberg
2/13/95 2,060 30.000 Derald Ruttenberg
2/13/95 2,060 30.000 Eric Ruttenberg
2/13/95 2,060 30.000 John Ruttenberg
2/13/95 2,060 30.000 Katherine Ruttenberg
2/13/95 2,060 30.000 Hattie Ruttenberg
2/14/95 780 30.000 Derald Ruttenberg
2/14/95 780 30.000 Eric Ruttenberg
2/14/95 780 30.000 John Ruttenberg
2/14/95 780 30.000 Katherine Ruttenberg
2/14/95 780 30.000 Hattie Ruttenberg
2/15/95 380 29.750 Derald Ruttenberg
2/15/95 380 29.750 Eric Ruttenberg
2/15/95 380 29.750 John Ruttenberg
2/15/95 380 29.750 Katherine Ruttenberg
2/15/95 380 29.750 Hattie Ruttenberg
3/8/95 2,000 29.995 Derald Ruttenberg
3/8/95 2,000 29.995 Eric Ruttenberg
3/8/95 2,000 29.995 John Ruttenberg
3/8/95 2,000 29.995 Katherine Ruttenberg
3/8/95 2,000 29.995 Hattie Ruttenberg
3/13/95 60 29.500 Derald Ruttenberg
3/13/95 60 29.500 Eric Ruttenberg
3/13/95 60 29.500 John Ruttenberg
3/13/95 60 29.500 Katherine Ruttenberg
3/13/95 60 29.500 Hattie Ruttenberg
3/14/95 380 29.500 Derald Ruttenberg
3/14/95 380 29.500 Eric Ruttenberg
3/14/95 380 29.500 John Ruttenberg
3/14/95 380 29.500 Katherine Ruttenberg
3/14/95 380 29.500 Hattie Ruttenberg
3/15/95 1,620 29.432 Derald Ruttenberg
3/15/95 1,620 29.432 Eric Ruttenberg
3/15/95 1,620 29.432 John Ruttenberg
3/15/95 1,620 29.432 Katherine Ruttenberg
3/15/95 1,620 29.432 Hattie Ruttenberg
3/16/95 1,380 29.375 Derald Ruttenberg
3/16/95 1,380 29.375 Eric Ruttenberg
3/16/95 1,380 29.375 John Ruttenberg
3/16/95 1,380 29.375 Katherine Ruttenberg
3/16/95 1,380 29.375 Hattie Ruttenberg
3/20/95 860 29.375 Derald Ruttenberg
3/20/95 860 29.375 Eric Ruttenberg
3/20/95 860 29.375 John Ruttenberg
3/20/95 860 29.375 Katherine Ruttenberg
3/20/95 860 29.375 Hattie Ruttenberg
3/21/95 1,000 29.600 Derald Ruttenberg
3/21/95 1,000 29.600 Eric Ruttenberg
3/21/95 1,000 29.600 John Ruttenberg
3/21/95 1,000 29.600 Katherine Ruttenberg
3/21/95 1,000 29.600 Hattie Ruttenberg
On January 27, 1995, Investors II sold 300 Shares to
an employee of its affiliate, Tinicum Incorporated. On Febru-
ary 1, 1995, Investors II sold an additional 300 Shares to
another employee of Tinicum Incorporated. The 600 Shares were
sold to such employees by Investors II for aggregate consider-
ation of $15,111.00 ($25.185 per Share). None of the Report-
ing Persons has any agreement, understanding or arrangement
with such employees relating to the ownership, voting or
disposition of Shares.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
TINICUM ENTERPRISES, INC.
By: /s/ James H. Kasschau
James H. Kasschau
President
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
TINICUM INVESTORS
By: /s/ Eric M. Ruttenberg
Eric M. Ruttenberg
Managing Partner
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
RUTCO INCORPORATED
By: /s/ James H. Kasschau
James H. Kasschau
President
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
RIT CAPITAL PARTNERS plc
By: /s/ Clive Gibson
Clive Gibson
Director
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
J. ROTHSCHILD CAPITAL MANAGEMENT LIMITED
By: /s/ P.R. Griffiths
P.R. Griffiths
Director
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
ST. JAMES'S PLACE CAPITAL plc
By: /s/ Clive Gibson
Clive Gibson
Director
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
/s/ Derald H. Ruttenberg
Derald H. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
/s/ Eric M. Ruttenberg
Eric M. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
/s/ John C. Ruttenberg
John C. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
/s/ Katherine T. Ruttenberg
Katherine T. Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
/s/ Hattie Ruttenberg
Hattie Ruttenberg
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
/s/ Putnam L. Crafts, Jr.
Putnam L. Crafts, Jr.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: March 24, 1995
/s/ James H. Kasschau
James H. Kasschau
