-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SLSfX/6n7OTkkmH+pGEyx4inrdXVmU2a10dBuaD6OWaCDQobeW3rVVp+efhPbyNn WQ+GBls3fLLztbDB+JbG0g== 0000891554-98-000691.txt : 19980604 0000891554-98-000691.hdr.sgml : 19980604 ACCESSION NUMBER: 0000891554-98-000691 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980603 SROS: NONE GROUP MEMBERS: CHANNEL PARTNERSHIP II, L.P. GROUP MEMBERS: WYNNEFIELD PARTNERS SMALL CAP VALUE LP GROUP MEMBERS: WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. GROUP MEMBERS: WYNNEFIELD SMALL CAP VALUE, L.P. I SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST AVIATION SERVICES INC CENTRAL INDEX KEY: 0001025743 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] IRS NUMBER: 061419064 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-51583 FILM NUMBER: 98641874 BUSINESS ADDRESS: STREET 1: 15 RIVERSIDE AVE CITY: WESTPORT STATE: CT ZIP: 06880-4214 BUSINESS PHONE: 2032913303 MAIL ADDRESS: STREET 1: 15 RIVERSIDE AVE CITY: WESTPORT STATE: CT ZIP: 06880-4214 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WYNNEFIELD PARTNERS SMALL CAP VALUE LP CENTRAL INDEX KEY: 0000899083 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133688497 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2127600814 MAIL ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.____________)* First Aviation Services Inc. (Name of Issuer) Common Stock, Par Value $.01 Per Share (Title of Class of Securities) 31865 W 108 (CUSIP Number of Class of Securities) May 22, 1998 (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) CUSIP NO. 31865 W 108 - -------------------------------------------------------------------------------- 1. NAME AND I.R.S. IDENTIFICATION NO. OF REPORTING PERSON (entities only) Wynnefield Partners Small Cap Value, L.P. 13-3688497 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (See Instructions) (a) [ ] (b) [X] Reporting Person is affiliated with other persons (see pages 2, 3 and 4) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 491,601 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 491,601 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 491,601 shares - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| (See Instructions) - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.48 - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- - ---------- * Although this is an initial filing on Schedule 13G, the Reporting Person has previously filed on Schedule 13D. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.____________)* First Aviation Services Inc. (Name of Issuer) Common Stock, Par Value $.01 Per Share (Title of Class of Securities) 31865 W 108 (CUSIP Number of Class of Securities) May 22, 1998 (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) CUSIP NO. 31865 W 108 - -------------------------------------------------------------------------------- 1. NAME AND I.R.S. IDENTIFICATION NO. OF REPORTING PERSON (entities only) Wynnefield Partners Small Cap Value, L.P. - I 13-3953291 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (See Instructions) (a) [ ] (b) [X] Reporting Person is affiliated with other persons (see pages 1, 3 and 4) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 393,879 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 393,879 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 393,879 shares - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| (See Instructions) - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.39 - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- - ---------- * Although this is an initial filing on Schedule 13G, the Reporting Person has previously filed on Schedule 13D. (Page 2 of 6 Pages) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.____________)* Stuart Entertainment, Inc. (Name of Issuer) Common Stock, Par Value $.01 Per Share (Title of Class of Securities) 31865 W 108 (CUSIP Number of Class of Securities) May 22, 1998 (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) CUSIP NO. 31865 W 108 - -------------------------------------------------------------------------------- 1. NAME AND I.R.S. IDENTIFICATION NO. OF REPORTING PERSON (entities only) Channel Partnership II L.P. 22-3215653 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (See Instructions) (a) [ ] (b [X] Reporting Person is affiliated with other persons (see pages 1, 2 and 4) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 228,820 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 228,820 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 228,820 shares - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| (See Instructions) - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.55 - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - ---------- * Although this is an initial filing on Schedule 13G, the Reporting Person has previously filed on Schedule 13D. (Page 3 of 6 Pages) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.____________)* First Aviation Services Inc. (Name of Issuer) Common Stock, Par Value $.01 Per Share (Title of Class of Securities) 31865 W 108 (CUSIP Number of Class of Securities) May 22, 1998 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) CUSIP NO. 31865 W 108 - -------------------------------------------------------------------------------- 1. NAME AND I.R.S. IDENTIFICATION NO. OF REPORTING PERSON (entities only) Wynnefield Partners Small Cap Value Offshore Fund, Ltd. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (See Instructions) (a) [ ] (b) [X] Reporting Person is affiliated with other persons (see pages 1, 2 and 3) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 18,000 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 18,000 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,000 shares - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| (See Instructions) - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.2 - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- - ---------- * Although this is an initial filing on Schedule 13G, the Reporting Person has previously filed on Schedule 13D. (Page 4 of 6 Pages) Item 1. (a) Name of Issuer: First Aviation Services, Inc. (b) Address of Issuer's Principal Executive Offices: 15 Riverside Avenue, Westport, Connecticut 06880-4214 Item 2. (a) Name of Person Filing: Wynnefield Partners Small Cap Value, L.P. ("Partners") Wynnefield Partners Small Cap Value, L.P. I ("Partners I") Channel Partnership II, L.P. ("Channel") Wynnefield Partners Small Cap Offshore Fund, Ltd. ("Fund") (b) Address of Principal Business Office, or if None, Residence: One Penn Plaza, Suite 4720, New York, NY 10119 (c) Citizenship: Partners and Partners I are Delaware limited partnerships Channel is a New York limited partnership Fund is a Cayman Islands company (d) Title of Class of Securities: Common Stock, par value $.01 per share (e) CUSIP Number: 31865 W 108 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is : none of the reporting persons is an entity specified in Rule 13d-1(b) (1)(ii). Item 4. Ownership. (a) Amount beneficially owned by all reporting persons: 1,132,300 shares (b) Percent of class: 12.62 (c) Number of shares as to which the reporting persons have: (i) Sole power to vote or to direct the vote 1,132,300 (ii) Shared power to vote or to direct the vote -- --------------, (iii) Sole power to dispose or to direct the disposition of 1,132,300 (iv) Shared power to dispose or to direct the disposition of -- -------------------------------------------------- (d) Shares which there is a right to acquire: -- ----------------------. 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. (Page 5 of 6 Pages) 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. None of the reporting persons who have filed this schedule is a person described in clause (ii) of ss. 240.13d-1(b)(1). 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 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 or as a participant in any transaction having that purpose or effect. Date: June 3, 1998 WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P.- I By: Wynnefield Capital Management, LLC, By: /s/ Nelson Obus ------------------------------------------- Nelson Obus, Managing Member CHANNEL PARTNERSHIP II, L.P. By: /s/ Nelson Obus ------------------------------------------- Nelson Obus, General Partner WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. By: Wynnefield Capital, Inc. /s/ Nelson Obus ------------------------------------------- Nelson Obus, Vice President (Page 6 of 6 Pages) -----END PRIVACY-ENHANCED MESSAGE-----