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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. 4)*
Nautica Enterprises, Inc.
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(Name of Issuer)
Common Stock, $.10 Par Value
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(Title of Class of Securities)
857304100
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(CUSIP Number)
Charles M. Modlin, Esq., 132 EAB Plaza, Uniondale, New York 11556-0132
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
10/6/97
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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 this statement [ ]. (A fee
is not required only if the filing 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 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 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).
(Continued on following page(s))
Page 1 of 6 Pages
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 857304100 PAGE 2 OF 6 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey Sanders
S.S. No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
7 SOLE VOTING POWER
1,936,440
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 1,936,440
10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,853,440
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
Page 3 of 6 Pages
Item 1. Security and Issuer.
This Schedule relates to shares of common stock, $.10 par
value (the "Common Stock"), of Nautica Enterprises, Inc., a Delaware corporation
(the "Company"). The principal executive offices of the Company are located at
40 West 57th Street, New York, New York 10019.
Item 2. Identity and Background.
(a) The name of the person filing this Schedule is Harvey
Sanders.
(b) The business address of Mr. Sanders is 40 West 57th
Street, New York, New York 10019.
(c) Mr. Sanders is Chairman of the Board, President and a
director of the Company.
(d) Mr. Sanders has not been convicted during the past five
years in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Mr. Sanders has not been, during the last five years, a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and has not and is not subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
(f) Mr. Sanders is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
Mr. Sanders and the Harvey Sanders Grantor Retained Income
Trust sold 350,000 and 150,000 shares, respectively, of Common Stock of the
Company in brokerage transactions between September 25, 1997 and October 6,
1997. See Item 5(c) below.
Mr. Sanders has no current plan or proposal which relates to
or would result in (a) the acquisition by any person of additional securities of
the Company, or the disposition of securities of the Company; (b) an
extraordinary corporate transaction, such as a merger, reorganization or
liquidation involving the Company or any of its subsidiaries; (c) a sale or
transfer of a material amount of assets of the Company or any of its
subsidiaries; (d) any change in the present board of directors or management of
the Company, including any plans or proposals to change the number or term of
directors or to fill
<PAGE> 4
Page 4 of 6 Pages
any existing vacancies on the Board; (e) any material change in the present
capitalization or dividend policy of the Company; (f) any other material change
in the Company's business or corporate structure; (g) changes in the Company's
charter or by-laws or other actions which may impede the acquisition of control
of the Company by any person; (h) any of the Company's securities being delisted
from a national securities exchange or ceasing to be authorized to be quoted in
an inter-dealer quotation system or registered national securities exchange; (i)
any of the Company's securities becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities Exchange Act of
1934; (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Sanders beneficially owns 3,853,440 shares of Common
Stock; 717,000 of which he has the right to acquire pursuant to existing stock
options, 1,936,440 shares of which he owns directly and 1,200,000 shares of
which are owned indirectly by the Harvey Sanders Grantor Retained Income Trust.
These shares represent 9.1% of the outstanding shares of Common Stock of the
Company.
(b) Mr. Sanders has sole power to dispose of 1,936,440
shares of Common Stock and the sole power to vote such shares with respect to
all matters.
(c) Mr. Sanders sold 350,000 shares of Common Stock of the
Company between September 25, 1997 and October 6, 1997, and the Harvey Sanders
Grantor Retained Income Trust sold 150,000 shares of Common Stock of the Company
between October 1, 1997 and October 3, 1997. All of such sales were made in
brokerage transactions. Attached hereto and incorporated herein by reference is
a schedule of such sales.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationship With respect to Securities of the Issuer.
Not applicable.
Item 7. Materials to be Filed as Exhibits.
Not applicable.
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Page 5 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set forth in the
Statement is true, correct and complete.
DATED: October 10, 1997
/s/ Harvey Sanders
------------------------------
Harvey Sanders
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Page 6 of 6 Pages
EXHIBIT TO FORM 13D
REPORTING PERSON: HARVEY SANDERS (###-##-####)
<TABLE>
<CAPTION>
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4. Amount of
2. Transaction 3. Securities Disposed Securities 5. Ownership 6. Nature of
1. Title of Security Date of (D)/Price Beneficially Form Indirect
Owned at Beneficial
10/07/97 Ownership
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<S> <C> <C> <C> <C> <C>
Common Stock 9/25/97 25,000/$29.125
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Common Stock 9/25/97 15,000/$29.000
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Common Stock 9/25/97 17,500/$28.875
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Common Stock 9/25/97 17,500/$28.750
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Common Stock 9/26/97 27,500/$28.750
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Common Stock 9/26/97 15,000/$28.875
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Common Stock 9/29/97 77,500/$27.875
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Common Stock 9/29/97 5,000/$27.938
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Common Stock 9/30/97 50,000/$27.875
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Common Stock 9/30/97 10,000/$28.125
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Common Stock 9/30/97 40,000/$28.000
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Common Stock 10/6/97 35,000/$29.000
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Common Stock 10/6/97 15,000/$29.125 1,936,440 D
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Common Stock 10/1/97 10,500/$28.000 I By Trust*
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Common Stock 10/1/97 5,000/$28.125 I By Trust*
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Common Stock 10/2/97 50,000/$28.00 I By Trust*
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Common Stock 10/2/97 35,000/$28.125 I By Trust*
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Common Stock 10/3/97 49,500/$28.875 1,200,000 I By Trust*
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</TABLE>
*By the Harvey Sanders Grantor Retained Income Trust
