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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b),(c),
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(b)
Pivot Rules, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
725810105
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(CUSIP Number)
Lloyd I. Miller, III, 4550 Gordon Drive, Naples, Florida 34102 (941) 262-8577
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Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 2, 1998
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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SCHEDULE 13G
CUSIP No. 725810105 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
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Lloyd I. Miller, III ###-##-####
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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 142,840
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 38,650
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 142,840
WITH --------------------------------------------------------
8 SHARED DISPOSITIVE POWER
38,650
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
181,490
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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)
6.5%
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12 TYPE OF REPORTING PERSON
IN-00**
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 4.
NYC01:44984.1
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Page 3 of 4
Item 1(a). Name of Issuer: Pivot Rules, Inc.
Item 1(b). Address of Issuers's Principal Executive Offices:
42 West 39th Street, New York, New York 10018
Item 2(a). Name of Person Filing: Lloyd I. Miller, III
Item 2(b). Address of Principal Business Office or, if None, Residence:
4550 Gordon Drive, Naples, Florida 34102
Item 2(c). Citizenship: United States
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value
Item 2(e). CUSIP Number: 725810105
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b)
or (c), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable, this statement is filed pursuant to 13d-1(c)
Item 4. OWNERSHIP: Miller shares dispositive and voting power on 38,650
of the reported securities as an advisor to the trustee of a family
trust. Miller has sole voting and dispositive power on 142,840 of
the reported securities (i) as the custodian to accounts set up
under the Florida Uniform Gifts to Minors Act, and/or (ii) as the
manager of the general partner of certain limited partnerships.
(a) 181,490
(b) 6.5%
(c) (i) sole voting power: 142,840
(ii) shared voting power: 38,650
(iii) sole dispositive power: 142,840
(iv) shared dispositive power: 38,650
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:
Persons other than Lloyd I. Miller III have the right to receive
dividends from, or the proceeds from the sale of, the reported
securities. None of these persons has the right to direct such
dividends or proceeds.
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
NYC01:44984.1
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Page 4 of 4
Item 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Item 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purposes or effect.
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.
April 29, 1998
/s/ Lloyd I. Miller, III
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Lloyd I. Miller, III
NYC01:44984.1
