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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _________)*
SHELLS SEAFOOD RESTAURANTS, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
822809 10 9
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(CUSIP Number)
*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 the disclosures provided in a prior cover page.
The information required in 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).
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CUSIP No. 822809 10 9
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mr. William E. Hattaway
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF
SHARES 416,923 shares
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BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0 shares
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PERSON
WITH
7 SOLE DISPOSITIVE POWER
416,923 shares
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8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
416,923 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.4%
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12 TYPE OF REPORTING PERSON
IN
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Item 1(a) NAME OF ISSUER:
Shells Seafood Restaurants, Inc. (the "Company")
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
16313 N. Dale Mabry Highway
Suite 100
Tampa, Florida 33618
Item 2(a) NAME OF PERSON FILING:
See Item 1 of the cover page attached hereto
Item 2(b) Address of Principal Business Office, or If none, residence:
16313 N. Dale Mabry Highway
Suite 100
Tampa, Florida 33618
Item 2(c) CITIZENSHIP:
See Item 4 of the cover page attached hereto
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 (the "Common Stock")
Item 2(e) CUSIP NUMBER:
822809 10 9
Item 3 Not Applicable
Item 4 OWNERSHIP:
The following information with respect to ownership of Common
Stock of the Company by the person filing this Statement is
provided as of December 31, 1996, the last day of the year
covered by this Statement.
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(a) Amount beneficially owned:
See Item 9 of the cover page attached hereto which includes (i)
350,933 shares of Common Stock owned directly by Mr. Hattaway;
(ii) warrants to purchase 39,498 shares of Common Stock at an
exercise price of $5.50 per share exercisable at any time up to
and including April 23, 1998; and (iii) warrants to purchase
26,492 shares of Common Stock at an exercise price of $6.00 per
share exercisable at any time up to and including April 23, 2001.
Does not include an aggregate of 63,984 shares of Common Stock
issuable upon the exercise of options which are not exercisable
within 60 days of December 31, 1996.
(b) Percent of Class:
See Item 11 of the cover page attached hereto
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of the cover page attached hereto which includes
(i) 350,933 shares of Common Stock owned directly by Mr.
Hattaway; (ii) warrants to purchase 39,498 shares of Common
Stock at an exercise price of $5.50 per share exercisable at
any time up to and including April 23, 1998; and (iii)
warrants to purchase 26,492 shares of Common Stock at an
exercise price of $6.00 per share exercisable at any time up
to and including April 23, 2001. Does not include an
aggregate of 63,984 shares of Common Stock issuable upon the
exercise of options which are not exercisable within 60 days
of December 31, 1996.
(ii) Shared power to vote or to direct the vote:
See Row 6 of the cover page.
(iii) Sole power to dispose or direct the disposition of:
See Row 7 of the cover page attached hereto which includes
(i) 350,933 shares of Common Stock owned directly by Mr.
Hattaway; (ii) warrants to purchase 39,498 shares of Common
Stock at an exercise price of $5.50 per share exercisable at
any time up to and including April 23, 1998; and
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(iii) warrants to purchase 26,492 shares of Common Stock at
an exercise price of $6.00 per share exercisable at any time
up to and including April 23, 2001. Does not include an
aggregate of 63,984 shares of Common Stock issuable upon the
exercise of options which are not exercisable within 60 days
of December 31, 1996.
(iv) Shared power to dispose or direct the disposition of:
See Row 8 of the cover page.
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not Applicable
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not Applicable
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Item 10 CERTIFICATION:
Not Applicable
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SIGNATURES
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 11, 1997
/S/ WILLIAM E. HATTAWAY
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William E. Hattaway
President
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