Kruttschnitt Theodore H III, et al. – ‘SC 13D/A’ on 1/7/97 re: Hanover Direct Inc

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Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment No. 12 to Schedule 13D                      10     29K 
 2: EX-99.A     Promissory Note Dated Dec. 31, 1996                    1      8K 

SC 13D/A   —   Amendment No. 12 to Schedule 13D
Document Table of Contents

SC 13D/A
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

 UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 12)

HANOVER DIRECT, INC.
(NAME OF ISSUER)

 COMMON STOCK, $0.66-2/3 PAR VALUE
(TITLE OF CLASS OF SECURITIES)

 440506 10 3
(CUSIP NUMBER)

 THEODORE H. KRUTTSCHNITT, III
ONE BAY PLAZA, SUITE 850
 1350 BAYSHORE BOULEVARD
BURLINGAME, CA 94010
(415) 348-7425  
 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
 AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)

   DECEMBER 31, 1996
(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 | |.         

(CONTINUED ON FOLLOWING PAGE(S))

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CUSIP No. 440506 10 3                                                   

1      NAME OF REPORTING PERSON                                                 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

Theodore H. Kruttschnitt, III                                     
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER               (a) | X |            
OF A GROUP                                          (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.              
--------------------------------------------------------------------------------
NUMBER              7      SOLE VOTING POWER                7,300,000*          
OF                  ------------------------------------------------------------
SHARES              8      SHARED VOTING POWER                                  
BENEFICIALLY        ------------------------------------------------------------
OWNED               9      SOLE DISPOSITIVE POWER           7,300,000*          
BY EACH             ------------------------------------------------------------
REPORTING           10    SHARED DISPOSITIVE POWER                              
PERSON WITH                                                                     
------------------------------------------------------------------------------- 
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY               7,300,000*          
EACH PERSON                                                       
--------------------------------------------------------------------------------
12     CHECK IF THE AGGREGATE AMOUNT IN ROW (11)            | |                 
EXCLUDES CERTAIN SHARES                                           
--------------------------------------------------------------------------------
13     PERCENT OF CLASS REPRESENTED BY AMOUNT               5.04%               
IN ROW 11                                                         
--------------------------------------------------------------------------------
14     TYPE OF REPORTING PERSON                             IN                  

-------                                                                         
*      See Item 5 hereof.                                                       

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CUSIP No. 440506 10 3                                                   

1      NAME OF REPORTING PERSON                                                 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

J. David Hakman                                                   
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER                     (a) | X |      
 OF A GROUP                                                (b) |   |
--------------------------------------------------------------------------------
3      SEC USE ONLY                                                             
--------------------------------------------------------------------------------
4      SOURCE OF FUNDS                                               PF         
--------------------------------------------------------------------------------
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.         
--------------------------------------------------------------------------------
NUMBER            7        SOLE VOTING POWER                     732,175*       
OF                --------------------------------------------------------------
SHARES            8        SHARED VOTING POWER                                  
BENEFICIALLY      --------------------------------------------------------------
OWNED             9        SOLE DISPOSITIVE POWER                732,175*       
BY EACH           --------------------------------------------------------------
REPORTING         10       SHARED DISPOSITIVE POWER                             
PERSON WITH                                                                     
--------------------------------------------------------------------------------
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY                    732,175*       
EACH PERSON                                                       
--------------------------------------------------------------------------------
12     CHECK IF THE AGGREGATE AMOUNT IN ROW (11)                      | |       
EXCLUDES CERTAIN SHARES                                           
--------------------------------------------------------------------------------
13     PERCENT OF CLASS REPRESENTED BY AMOUNT                        .51%       
IN ROW 11                                                         
--------------------------------------------------------------------------------
14     TYPE OF REPORTING PERSON                                      IN         

-----------                                                                     
*      See Item 5 hereof.                                                       

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CUSIP No. 440506 10 3                                                   

1      NAME OF REPORTING PERSON                                                 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

Edmund R. Manwell                                                 
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER                      (a) | X |     
  OF A GROUP                                                 (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.        
--------------------------------------------------------------------------------

NUMBER           7        SOLE VOTING POWER                       20,579*       
OF               ---------------------------------------------------------------
SHARES           8        SHARED VOTING POWER                                   
BENEFICIALLY     ---------------------------------------------------------------
OWNED            9        SOLE DISPOSITIVE POWER                  20,579*       
BY EACH          ---------------------------------------------------------------
REPORTING        10       SHARED DISPOSITIVE POWER                              
PERSON WITH                                                                     
--------------------------------------------------------------------------------
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY                     20,579*       
EACH PERSON                                                       
--------------------------------------------------------------------------------
12     CHECK IF THE AGGREGATE AMOUNT IN ROW (11)                  | |           
EXCLUDES CERTAIN SHARES                                           
--------------------------------------------------------------------------------
13     PERCENT OF CLASS REPRESENTED BY AMOUNT                       .01%        
IN ROW 11                                                         
--------------------------------------------------------------------------------
14     TYPE OF REPORTING PERSON                                     IN          

-------                                                                         
*      See Item 5 hereof.                                                       

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ITEM 1.  SECURITY AND ISSUER.                                                   

         This Amendment No. 12 to Statement on Schedule 13D relates to shares of
Common Stock, par value $.66-2/3 per share (the "Common Stock"), of Hanover     
Direct, Inc., a Delaware corporation and the successor in interest to The Horn &
Hardart Company (the "Company"), whose principal executive offices are located  
at 1500 Harbor Boulevard, Weehawken, New Jersey 07087.                          

ITEM 2.  IDENTITY AND BACKGROUND.                                               

     (a)-(c) Mr. Theodore H. Kruttschnitt, III's principal occupation is
investing and his business address in One Bay Plaza, 1350 Bayshore Boulevard,   
Suite 850, Burlingame, California 94010.                                        

Mr. J. David Hakman's principal occupation is serving as Chief
Executive Officer of Hakman Capital Corporation, an investment banking firm     
located at One Bay Plaza, 1350 Bayshore Boulevard, Suite 333, Burlingame,       
California 94010.                                                               

   Mr. Edmund R. Manwell's principal occupation is serving as Senior
Partner of the law firm of Manwell & Milton, 20 California Street, Third Floor, 
San Francisco, California 94111.                                                

   (d)-(f) During the last five years, none of Messrs. Kruttschnitt,
Hakman or Manwell has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or was a party to a civil proceeding of a   
judicial or administrative body of competent jurisdiction as a result of which  
such individual was or is 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.   
Messrs. Kruttschnitt, Hakman and Manwell are all United States citizens.        

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.                     

  On December 31, 1996, Mr. Hakman purchased from Mr. Kruttschnitt
711,889 shares of Common Stock for $489,423.69 Of the total consideration,      
$440,000 is represented by Mr. Hakman's unsecured promissory note and the       
balance was cash. The note bears interest at 9% per annum and is due on March   
31, 1998. The source of the funds to make the required payments and for the     
cash portion of the purchase price is Mr. Hakman's personal funds.              

ITEM 4.  PURPOSE OF THE TRANSACTION.                                            

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       Messrs. Krutchnitt, Hakman and Manwell (the "Reporting Persons") have
acquired the Common Stock including the 711,889 shares of Common Stock acquired 
by Mr. Hakman from Mr. Kruttschnitt in order to obtain an equity position in    
the Company, which equity position is considered by the Reporting Persons to be 
an investment. Subject to availability at prices deemed favorable by the        
Reporting Persons, each Reporting Person may purchase additional shares from    
time to time in the open market, in privately negotiated transactions or        
otherwise. The Reporting Persons may, subject to obtaining favorable terms,     
including price, attempt to or dispose of shares of Common Stock from time to   
time in the open market, in privately negotiated transactions or otherwise.     

        Except as set forth above, the Reporting Persons have no present plans
or intentions which would result in or relate to any of the transactions        
described in (a) through (j) of Item 4 of Schedule 13D.                         

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.                                  

After giving effect to the transaction reported herein, Mr.   
Kruttschnitt is the beneficial owner of 7,300,000 shares of Common Stock of the 
Company as determined in accordance with Rule 13d-3 of the Securities Exchange  
Act of 1934, as amended ("Rule 13d-3"). The 7,300,000 shares of Common Stock    
represent, in accordance with Rule 13d-3, approximately 5.04% of the 144,828,490
shares of Common Stock outstanding as of November 7, 1996.                      

       After giving effect to the transaction reported herein, Mr. Hakman is
the beneficial owner of 732,175 shares of Common Stock of the Company as        
determined in accordance with Rule 13d-3.                                       

        Messrs. Kruttschnitt, Hakman and Manwell as a group are the beneficial
owners of 8,052,754 shares of Common Stock of the Company, as determined in     
accordance with Rule 13d-3. The 8,052,754 shares of Common Stock represent, in  
accordance with Rule 13d-3, approximately 5.56% of the 144,828,490 shares of    
Common Stock outstanding as of November, 7, 1996.                               

        (b) Mr. Kruttschnitt has the sole power to vote and dispose of all his
7,300,000 shares of Common Stock.                                               

      Mr. Hakman has the sole power to vote and dispose of all his 732,175
shares of Common Stock.                                                         

      Mr. Manwell has the sole power to vote and dispose of all his 20,579
shares of Common Stock.                                                         

(c), (d) and (e)     Inapplicable.                            

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ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT  
TO SECURITIES OF THE ISSUER.                                  

        Reference is hereby made to Item 4 hereof for a description of certain
contracts, arrangements, understandings and relationships relating to the       
securities of the Company. Except as described therein, none of the Reporting   
persons has any contract, arrangement, understanding or relations with one or   
more security holders of the company or others, with respect to the purchase,   
holding, voting or disposition of shares of Common Stock or other securities of 
the company which are convertible or exercisable into such shares. Each of such 
persons reserves the right to enter into any such contract, arrangement,        
understanding or relations in the future.                                       

ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS.                                      

        (a) Promissory Note dated December 31, 1996 in the principal amount of
$440,000 payable to Theodore H. Kruttschnitt, III.                              

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 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.                                                                        

Date:  January 6, 1997                                                          

                                   /s/ Theodore H. Kruttschnitt, III
                                   ---------------------------------
                               Theodore H. Kruttschnitt, III

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 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.                                                                        

Date:    January 6, 1997                                                        

                       /s/ Edmund R. Manwell
                                   ---------------------------------
                   Edmund R. Manwell

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 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.                                                                        

Date:    January 6, 1997                                                        

                     /s/ J. David Hakman
                                   ---------------------------------
                 J. David Hakman

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D/A’ Filing		Date		First		Last			Other Filings
		3/31/98		5					4
Filed on:		1/7/97
		1/6/97		8		10
		12/31/96		1		7			11-K,  11-K/A
		11/7/96		6
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