-----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, KFCT7uqphEJw64ma+3KMbm5AnHkyfl227N1AGAn6ntJyfaLrsIXHXzSwgXMg5sFq /J5t/FT2shvOQ7XK8AHs5Q== 0000919574-98-000237.txt : 19980218 0000919574-98-000237.hdr.sgml : 19980218 ACCESSION NUMBER: 0000919574-98-000237 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JPS TEXTILE GROUP INC /DE/ CENTRAL INDEX KEY: 0000846615 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILLS, COTTON [2211] IRS NUMBER: 570868166 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-41104 FILM NUMBER: 98543775 BUSINESS ADDRESS: STREET 1: 555 N PLEASANTBURG DR STE 202 CITY: GREENVILLE STATE: SC ZIP: 29607 BUSINESS PHONE: 8642393900 MAIL ADDRESS: STREET 1: 555 N PLEASANTBURG DR STREET 2: SUITE 202 CITY: GREENVILLE STATE: SC ZIP: 29607 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MAGTEN ASSET MANAGEMENT CORP ET AL CENTRAL INDEX KEY: 0000904490 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 35 EAST 21ST STREET CITY: NEW YORK STATE: NY ZIP: 10010 MAIL ADDRESS: STREET 1: 35 EAST 21ST STREET CITY: NEW YORK STATE: NY ZIP: 10010 SC 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Amendment No.: * Name of Issuer: JPS Textile Group, Inc. Title of Class of Securities: Common Stock, par value $.01 per share CUSIP Number: 46624B30 *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). CUSIP Number: 46624B30 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Magten Asset Management Corp. 2. Check the Appropriate Box if a Member of a Group a. b. X 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power: -0- 6. Shared Voting Power: 1,186,024 7. Sole Dispositive Power: -0- 8. Shared Dispositive Power: 1,905,435 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,905,435 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares 11. Percent of Class Represented by Amount in Row (9) 19.0% 12. Type of Reporting Person IA, CO Item 1(a) Name of Issuer: JPS Textile Group, Inc. (b)Address of Issuer's Principal Executive Offices: 555 North Pleasantburg Drive, Suite 202, Greenville, South Carolina 29607 Item 2(a) - (c). Name, Principal Business Address, and Citizenship of Persons Filing: Magten Asset Management Corp. ("Magten") Talton R. Embry Robert J. Capozzi (Director of JPS Textile Group, Inc.) 35 East 21st St., New York, NY 10010 Magten is a Corporation organized under the laws of the State of Delaware (d) Title of Class of Securities: Common Stock, par value $.01 per share -2- (e) CUSIP Number: 46624B30 Item 3. This statement is filed pursuant to Rule 13d-1(b)(1). /x/ Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. Item 4. Ownership. (a) Amount Beneficially Owned: 1,905,435 (b) Percent of Class: 19.0% (c) 1,186,024 shares with shared power to vote or to direct the vote; 1,905,435 shares with shared power to dispose or to direct the disposition of. Item 5. Ownership of Five Percent or Less of a Class. N/A Item 6. Ownership of More than Five Percent on Behalf of Another Person. Magten's investment advisory clients have the right to receive dividends from the securities to which this Schedule 13G relates. The following investment advisory clients have such an interest with respect to more than five percent of the class of securities to which this Schedule 13G relates: Hughes Retirement Plans Trust and City of Los Angeles Fire and Police Pension Systems. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of the Group. N/A Item 10. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not -3- acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. By: /s/ Talton R. Embry February 17, 1998 _________________________ ___________________ Title: Managing Director Date -4- 01651001.AJ2 -----END PRIVACY-ENHANCED MESSAGE-----