-----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, IvOdXPCWqMpaBVhzJAMqh7oKjOhprFlYzMnXn+xPlQ8xxaggiLHeAPtm4l10dQnU 8zs3C7s28FjsIp0mLtrJeA== 0000902664-98-000192.txt : 19980703 0000902664-98-000192.hdr.sgml : 19980703 ACCESSION NUMBER: 0000902664-98-000192 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980702 SROS: NASD GROUP MEMBERS: BEV PARTNERS, L.P GROUP MEMBERS: EGS PARTNERS LLC GROUP MEMBERS: ESG ASSOCIATES, L.P. GROUP MEMBERS: ESG PARTNERS, L.L.C. GROUP MEMBERS: FREDERIC GREENBERG GROUP MEMBERS: FREDERICK KETCHER GROUP MEMBERS: JAMES MCLAREN GROUP MEMBERS: JONAS GERSTL GROUP MEMBERS: JONAS PARTNERS, L.P. GROUP MEMBERS: WILLIAM EHRMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AEP INDUSTRIES INC CENTRAL INDEX KEY: 0000785787 STANDARD INDUSTRIAL CLASSIFICATION: UNSUPPORTED PLASTICS FILM & SHEET [3081] IRS NUMBER: 221916107 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-37385 FILM NUMBER: 98660234 BUSINESS ADDRESS: STREET 1: 125 PHILLIPS AVE CITY: SOUTH HACKENSACK STATE: NJ ZIP: 07606 BUSINESS PHONE: 2016416600 MAIL ADDRESS: STREET 1: 125 PHILLIPS AVE CITY: SOUTH HACKENSACK STATE: NJ ZIP: 07606 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EGS PARTNERS LLC CENTRAL INDEX KEY: 0000897018 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133679110 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 350 PARK AVENUE STREET 2: 11TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127559000 FORMER COMPANY: FORMER CONFORMED NAME: EGS PARTNERS LP /NY/ /ADV DATE OF NAME CHANGE: 19930715 FORMER COMPANY: FORMER CONFORMED NAME: EGS PARTNERS LP /NY/ /ADV DATE OF NAME CHANGE: 19930715 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 22)* AEP Industries, Inc. (Name of Issuer) Common (Title of Class of Securities) 001031103 (CUSIP Number) William Ehrman EGS Partners, L.L.C., 350 Park Ave., 11th Fl., New York, NY 10022 212-755-9000 (Name, address and telephone number of person authorized to receive notices and communications) June 24, 1998 (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 the statement[]. (A fee is not required only if the reporting 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 filed 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 purposes 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). PAGE 1 of 20 PAGES 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EGS Associates, L.P. - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** WC - ---------------------------------------------------------- (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES --------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 224,697 OWNED BY ------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - ---------------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 224,697 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 224,697 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.09% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** PN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 2 OF 20 PAGE 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EGS Partners, L.L.C. - ----------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** OO - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 530,271 OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 532,299 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 532,299 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.32% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IA - ------------------------------------------------------------------------ - ----------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 3 OF 20 PAGES 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bev Partners, L.P. - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** WC - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 82,641 OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 82,641 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,641 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.14% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** PN - ------------------------------------------------------------------------ - ----------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 4 OF 20 PAGES 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jonas Partners, L.P. - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** WC - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 20,383 OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 20,383 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,383 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .28% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** PN - ------------------------------------------------------------------------ - ------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 5 OF 20 PAGES 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William Ehrman - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF PF OO - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER 47,056 SHARES ------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 857,993 OWNED BY --------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 47,056 REPORTING --------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 899,943 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 946,999 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.03% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 6 OF 20 PAGE 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Frederic Greenberg - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF PF OO - ------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER 5,902 SHARES --------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 857,993 OWNED BY --------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 5,902 REPORTING --------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 866,723 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 866,723 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.93% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 7 OF 20 PAGES 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Frederick Ketcher - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF PF OO - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER 5,802 SHARES --------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 857,993 OWNED BY --------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 5,802 REPORTING --------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 860,021 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 865,823 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.91% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 8 OF 20 PAGES 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jonas Gerstl - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF OO - ------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES --------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 857,993 OWNED BY --------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING --------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 860,021 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 860,021 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.83% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 9 OF 20 PAGE 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James McLaren - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF OO - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER 1,000 SHARES --------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 857,993 OWNED BY --------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 1,000 REPORTING --------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 860,021 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 861,021 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.85% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 10 OF 20 PAGES 13D CUSIP No. 001031103 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William D. Lautman - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF OO - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES --------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 857,993 OWNED BY --------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 860,021 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 860,021 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.83% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 11 OF 20 PAGES The Schedule 13D, initially filed on March 30, 1990, as amended, of (i) EGS Associates, L.P., a Delaware limited partnership ("EGS Associates"), (ii) EGS Partners, L.L.C., a Delaware limited liability company ("EGS Partners"), (iii) Bev Partners, L.P., a Delaware limited partnership ("Bev Partners"), (iv) Jonas Partners, L.P., a Delaware limited partnership ("Jonas Partners"), (v) William Ehrman, (vi) Frederic Greenberg, (vii) Frederick Ketcher, and (viii) Jonas Gerstl and (ix) James McLaren, relating to the common stock, $0.01 par value per share (the "Common Stock") issued by AEP Industries, Inc. (the "Company"), is hereby amended by this Amendment No. 22 to the Schedule 13D as follows: Item 2 is hereby amended as follows: ITEM 2. IDENTITY AND BACKGROUND. The address of the principal business and principal office of (i) EGS Associates, EGS Partners, BEV Partners, Jonas Partners and each of the General Partners is 350 Park Avenue, 11th Floor, New York, New York 10022 and (ii) EGS Overseas is CITCO Building, Wickhams Cay, P.O. Box 662, Road Town, Tortola, British Virgin Islands. Item 3 is hereby amended and restated in its entirety as follows: ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The net investment cost (including commissions, if any) of the shares of Common Stock beneficially owned by EGS Associates, EGS Partners (exclusive of shares beneficially owned by EGS Overseas), EGS Overseas, BEV Partners and Jonas Partners is approximately $3,594,727, $13,490,458, $3,142, $822,429 and $318,071, respectively. The net investment cost (excluding commissions, if any) of the shares of Common Stock owned directly by Mr. Greenberg, and by members of his immediate family, is approximately $60,011. The net investment cost (excluding commissions, if any) of the shares of Common Stock owned directly by Mr. Ehrman and his immediate family (including his brother and his brother's wife), is approximately $1,505,448. The net investment cost (excluding commissions, if any) of the shares of Common Stock owned directly by Mr. Ketcher, is approximately $44,130. The shares of Common Stock purchased by EGS Associates, Bev Partners and Jonas Partners were purchased with their investment capital (see Item 5(v)), and the shares of Common Stock purchased by EGS Partners were purchased with investment capital of the respective discretionary accounts under management of EGS Partners (the "Managed Accounts"). The shares of Common Stock purchased by Mr. Ehrman were purchased with personal funds, trust funds, or the funds of members of his immediate family. PAGE 12 OF 20 PAGES The shares of Common Stock beneficially owned by EGS Associates, EGS Partners (excluding EGS Overseas), EGS Overseas, Bev Partners and Jonas Partners are held in their respective commingled margin accounts, or in the case of EGS Partners, in margin and non-margin accounts held by each discretionary account under its management. Such margin accounts are maintained at NationsBanc Montgomery Securities, and may from time to time have debit balances. Non-margin accounts are maintained at Bankers Trust Company. Since other securities are held in such margin accounts, it is not possible to determine the amounts, if any, of margin used with respect to the shares of Common Stock purchased. The shares owned by Mr. Greenberg are held in his IRA account maintained at NationsBanc Montgomery Securities and in margin accounts maintained at Goldman, Sachs & Co., or are beneficially owned by members of his immediate family. The shares owned by Mr. Ketcher are held in his various accounts maintained at NationsBanc Montgomery Securities. The shares owned by Mr. Ehrman are held in accounts maintained at NationsBanc Montgomery Securities, or are beneficially owned by members of his immediate family (including his brother and his brother's wife). Currently, the interest rate charged on such various margin accounts is approximately 7.75% per annum. Item 4 is hereby amended and restated in its entirety as follows: ITEM 4: PURPOSE OF THE TRANSACTION. The Reporting Persons acquired the Common Stock for investment purposes, and the Reporting Persons intend to continue to evaluate the performance of such Common Stock as an investment in the ordinary course of their business. The Reporting Persons believe that the Company is selling at a significant discount to its enterprise value and should explore ways to maximize shareholder value. Accordingly, one or more of the Reporting Persons may participate in interviews or hold discussions with third parties or with management and board members in which the Reporting Person may suggest or take a position with respect to various potential means of enhancing shareholder value. Such suggestions or positions may relate to one or more of the transactions specified in clauses (a) through (j) of Item 4 of the Schedule 13D form, including, without limitation, such matters as entering into a relationship with a strategic partner, disposing of one or more businesses, selling the Company or acquiring another company or restructuring the Company's capitalization. In addition, the Reporting Persons may suggest and seek an increase in the independent representation (directors independent of management and/or controlling shareholders) on the Company's board of directors. Each Reporting Person will continuously assess the Company's business, financial condition, results of operations and prospects, general economic, financial and industry conditions, the securities markets and future trading prices in general and those for the Company's securities in particular, other developments and other investment opportunities. Depending on such assessments, one or more of the Reporting Persons may acquire additional Common Stock or may determine to sell or otherwise dispose of all or some of its holdings of Common Stock. PAGE 13 OF 20 PAGES Except as set forth above, none of the Reporting Persons has any plans or proposals which would relate to or result in any of the matters set forth in items (a) through (j) of Item 4 of Schedule 13D. Item 5 is hereby amended and restated in its entirety as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The approximate aggregate percentage of shares of Common Stock reported beneficially owned by each person herein is based on 7,267,424 shares outstanding, which is the total number of shares of Common Stock outstanding as of May 29, 1998, as reflected in the company's report on Form 10-Q filed with the Securities and Exchange Commission (the "Commission") on April 30, 1998 (which is the most recent Form 10-Q on file). As of the close of business on June 26, 1998: (i) EGS Associates owns beneficially 224,697 shares of Common Stock, constituting approximately 3.09% of the shares outstanding. (ii) EGS Partners owns directly no shares of Common Stock. By reason of the provisions of Rule 13D-3 of the Securities Exchange Act of 1934, as amended (the "Act"), EGS Partners may be deemed to own beneficially 531,885 shares (constituting approximately 7.32% of the shares outstanding), purchased for discretionary accounts managed by it, other than EGS Overseas, and 414 shares of Common Stock purchased for EGS Overseas (constituting approximately .01% of the shares outstanding), which, when aggregated, total 532,299 shares of Common Stock, constituting approximately 7.32% of the shares outstanding. (iii) Bev Partners owns beneficially 82,641 shares of Common Stock, constituting approximately 1.14% of the shares outstanding. (iv) Jonas Partners owns 20,383 shares of Common Stock, constituting less than 1% of the shares outstanding. (v) Mr. Ehrman owns directly, and beneficially through ownership by members of his immediate family (including his brother and his brother's wife), 86,978 shares of Common Stock, constituting approximately 1.20% of the shares outstanding. (vi) Mr. Greenberg owns directly, and beneficially through ownership by members of his immediate family, 6,702 shares of Common Stock, constituting less than 1% of the shares outstanding. (vii) Mr. Ketcher owns directly 5,802 shares of Common Stock, constituting less than 1% of the shares outstanding. (viii) Mr. McLaren owns directly 1,000 shares of Common Stock, constituting less than 1% of the shares outstanding. (viii) Messrs. Gerstl and Lautman own directly no shares of Common Stock. PAGE 14 OF 20 PAGES By reason of the provisions of Rule 13D-3 of the Act, each of the General Partners may be deemed to own the 224,697 shares beneficially owned by EGS Associates, the 532,299 shares beneficially owned by EGS Partners, the 82,641 shares beneficially owned by Bev Partners and the 20,383 shares beneficially owned by Jonas Partners. When the shares beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners are aggregated, they total 860,021 shares of Common Stock, constituting approximately 11.83% of the shares outstanding. (ix) In the aggregate, the Reporting Persons beneficially own a total of 960,502 shares of Common Stock, constituting approximately 13.22% of the shares outstanding. (b) (i) Each of EGS Associates, EGS Partners (with respect to shares of EGS Overseas and other discretionary accounts), Bev Partners and Jonas Partners has the power to vote and to dispose of the shares of Common Stock beneficially owned by it, which power may be exercised by the General Partners. Over one such discretionary account, however, EGS Partners does not have voting authority. Each of EGS Overseas and the discretionary accounts is a party to an investment management agreement with EGS Partners pursuant to which EGS Partners has investment authority with respect to securities held in such account. (ii) Each Reporting Person that is an individual has the sole power to vote and dispose of the shares owned directly by him. Mr. Greenberg has no power to vote and shared power to dispose of shares owned by members of his immediate family. Mr. Ehrman has no power to vote and shared power to dispose of shares owned by members of his immediate family (including his brother and his brother's wife). (c) The trading dates, number of shares of Common Stock purchased or sold and price per share for all transactions in the Common Stock from the 60th day prior to June 24th until June 26th, 1998 by EGS Associates, EGS Partners, (excluding EGS Overseas), Bev Partners, and Jonas Partners are set forth in Schedules A, B, C, and D, respectively. All such transactions were effected in the over-the-counter market. During such period, EGS Overseas, and Messrs. Ehrman, Greenberg, Ketcher, Gerstl, McLaren and Lautman did not enter into any transactions in the Common Stock. (d) No person other than each respective record owner referred to herein of shares of Common Stock is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds of sale of such shares of Common stock. PAGE 15 OF 20 PAGES SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: -------------------- /s/---------------------------------- William Ehrman, individually, as member of EGS PARTNERS, L.L.C., and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS PARTNERS, L.P. /s/---------------------------------- Frederic Greenberg, individually, as member of EGS PARTNERS, L.L.C., and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS PARTNERS, L.P. /s/---------------------------------- Frederick Ketcher, individually, as member of EGS PARTNERS, L.L.C. and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS PARTNERS, L.P. /s/---------------------------------- Jonas Gerstl, individually, as member of EGS PARTNERS, L.L.C., and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS PARTNERS, L.P. /s/----------------------------------- James McLaren, individually, as member of EGS PARTNERS, L.L.C., and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS PARTNERS, L.P. /s/----------------------------------- William D. Lautman, individually, as member of EGS PARTNERS, L.L.C., and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS PARTNERS, L.P. PAGE 16 OF 20 PAGES Schedule A EGS Associates, L.P. Transactions in the Common Stock Price Per Share Date of Number of (including Transaction Shares Purchased/(Sold) Commissions, if any) 5/26/ 983,840 27.38 5/27/98 300 27.32 5/29/98 1,000 27.77 6/1/98 1,500 26.24 6/2/98 3,200 25.11 6/2/98 1,100 24.59 6/5/98 500 24.82 6/5/98 100 25.31 6/9/98 200 25.06 6/11/98 1,300 24.20 6/12/98 500 23.07 6/12/98 200 22.56 6/15/98 889 21.93 6/15/98 300 22.13 6/16/98 1,185 21.26 6/16/98 300 22.03 6/17/98 180 21.55 6/17/98 717 21.43 6/18/98 2,200 21.08 6/18/98 400 22.26 6/19/98 700 22.42 6/19/98 1,300 22.06 6/22/98 3,000 21.81 6/22/98 300 21.56 6/23/98 1,300 21.24 6/23/98 4,200 21.05 6/24/98 16,096 20.52 6/24/98 1,280 20.25 6/25/98 12,135 20.44 PAGE 17 OF 20 PAGES Schedule B EGS Partners, LLC (Excluding EGS Overseas Fund, Ltd.) Transactions in the Common Stock Price Per Share Date of Number of (including Transaction Shares Purchased/(Sold) Commissions, if any) 4/28/98 1,000 33.72 4/29/98 900 33.32 4/30/98 400 34.32 5/1/98 400 33.57 5/5/98 800 33.04 5/6/98 700 33.57 5/11/98 300 33.07 5/18/98 200 29.26 5/26/98 9,870 27.38 5/27/98 300 27.56 6/8/98 700 25.06 6/9/98 300 25.06 6/15/98 11 21.93 6/15/98 2,299 21.94 6/16/98 17 21.26 6/16/98 3,799 21.27 6/17/98 458 21.55 6/17/98 1,842 21.44 6/24/98 41,372 20.52 6/24/98 3,290 20.25 6/25/98 31,189 20.44 PAGE 18 OF 20 PAGES Schedule C Bev Partners, L.P. Transactions in the Common Stock Price Per Share Date of Number of (excluding Transaction Shares Purchased/(Sold) Commissions, if any) 5/26/98 1,290 27.38 6/3/98 500 24.70 6/3/98 1,147 24.47 6/4/98 600 24.88 6/15/98 301 21.93 6/16/98 499 21.26 6/17/98 62 21.55 6/17/98 241 21.43 6/24/98 5,407 20.52 6/24/98 430 20.25 6/25/98 4,076 20.44 PAGE 19 OF 20 PAGES Schedule D Jonas Partners, L.P. Transactions in the Common Stock Price Per Share Date of Number of (excluding Transaction Shares Purchased/(Sold) Commissions, if any) 6/17/98 3,500 21.13 6/25/98 9,000 20.44 PAGE 20 OF 20 PAGES (..continued) -----END PRIVACY-ENHANCED MESSAGE-----