SEC Info - Ameriserve Food Distribution Inc./DE - ‘4’ for 5/21/98 re: Prosource Inc.

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Ameriserve Food Distribution Inc./DE – ‘4’ for 5/21/98 re: Prosource Inc.

As of: Thursday, 6/4/98 · For: 5/21/98 · Accession #: 898822-98-582 · File #: 0-21677

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/04/98  Ameriserve Food Dist Inc./DE      4          10% Owner   1:14K  Prosource Inc.                    Wachtell Lipton… Katz/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of        5     23K 
                Securities by an Insider

Document Table of Contents

Page	(sequential)	(alphabetic)	↑Top
		Alternative Formats (Word, et al.) Form 4
1	1st Page – Filing Submission
"	Form 4

4 1st Page of 5 TOC ↑Top Previous Next ↓Bottom Just 1st
 
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 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, 
Section 17(a) of the Public Utility Holding Company Act of 1935 or
 Section 30(f) of the Investment Company Act of 1940

[ X ]  Check this box if no longer subject to Section 16. Form 4 or Form 5      
obligations may continue. See Instruction 1(b).                   
================================================================================
1. Name and Address of Reporting Person*                                        
AMERISERVE FOOD DISTRIBUTION, INC.                                              
(SEE ATTACHED PAGES FOR ADDITIONAL REPORTING PERSONS)                           
--------------------------------------------------------------------------------
(Last)                           (First)             (Middle)             

14841 DALLAS PARKWAY                                                            
--------------------------------------------------------------------------------
(Street)

DALLAS                              TX                 75420                    
--------------------------------------------------------------------------------
(City)                           (State)              (Zip)               

================================================================================
2. Issuer Name and Ticker or Trading Symbol                                     
PROSOURCE, INC.  (NASDAQ:  PSDS)                                                

================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)                

================================================================================
4. Statement for Month/Year                                                     
MAY 1998                                                                        
================================================================================
5. If Amendment, Date of Original (Month/Year)                                  

================================================================================
6. Relationship of Reporting Person to Issuer                                   
(Check all applicable)                                                    

[   ]   Director                             [ X ]   10% Owner            
[   ]   Officer (give title below)           [   ]   Other (specify below)

================================================================================
7. Individual or Joint/Group Filing (Check applicable line)                     

[   ] Form filed by one Reporting Person                                  
[ X ] Form filed by more than one Reporting Person                        

================================================================================
 Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned 
================================================================================

                                                        [Enlarge/Download Table]

                                                                                                                6.                  
                                                                 4.                              5.             Owner-              
                                                                 Securities Acquired (A) or      Amount of      ship                
                                                    3.           Disposed of (D)                 Securities     Form:     7.        
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of 
                                      2.            Code         ------------------------------- Owned at End   (D) or    Indirect  
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership 
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
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COMMON STOCK                          5/21/98        J               100         A      SEE                     SEE       SEE       
                                                                                        ATTACHED                ATTACHED  ATTACHED  
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====================================================================================================================================

* If the Form is filed by more than one Reporting Person, see Instruction       
4(b)(v).                                                                        

Reminder:  Report on a separate line for each class of securities beneficially  
owned directly or indirectly.                                                   

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FORM 4 (continued)                                                              

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially        
            Owned (e.g., puts, calls, warrants, options, convertible securities)

================================================================================

                                                        [Enlarge/Download Table]

                                                                                                          9.       10.              
                                                                                                          Number   Owner-           
                                                                                                          of       ship             
                    2.                                                                                    Deriv-   of               
                    Conver-                    5.                              7.                         ative    Deriv-   11.     
                    sion                       Number of                       Title and Amount           Secur-   ative    Nature  
                    of                         Derivative    6.                of Underlying     8.       ities    Secur-   of      
                    Exer-             4.       Securities    Date              Securities        Price    Bene-    ity:     In-     
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially Direct   direct  
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned    (D) or   Bene-   
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End   In-      ficial  
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of       direct   Owner-  
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month    (I)      ship    
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.  (Instr.  (Instr. 
(Instr. 3)          ity      Year)    Code V    (A) (D)      cisable  Date     Title     Shares  5)       4)       4)       4)      
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                    

OPTION (SEE AT-                                                                                                                     
TACHED)(CONTINGENT                                                                                                                  
RIGHT TO BUY)       $15      5/21/98  J            496,583   SEE      SEE      CLASS A   496,583          0        SEE      SEE     
                                                             ATTACHED ATTACHED COMMON                              ATTACHED ATTACHED
                                                                               STOCK                                                
------------------------------------------------------------------------------------------------------------------------------------
OPTION (SEE AT-                                                                                                                     
TACHED)(CONTINGENT                                                                                                                  
RIGHT TO BUY)       $15      5/21/98  J            5,218,072 SEE      SEE      CLASS A   5,218,072        0        SEE      SEE     
                                                             ATTACHED ATTACHED COMMON                              ATTACHED ATTACHED
                                                                               STOCK                                                
------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================

Explanation of Responses:                                                       
See attached.                                               

         See Attached                                   See Attached
---------------------------------------------            -----------------------
**Signature of Reporting Person                             Date    

**     Intentional misstatements or omissions of facts constitute Federal       
Criminal Violations.                                              

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                         

Note:  File three copies of this Form, one of which must be manually signed.    
  If space provided is insufficient, see Instruction 6 for procedures.

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FORM 4 CONTINUATION SHEET                                                       

ITEM 1:      AMERISERVE FOOD DISTRIBUTION, INC.                                 
14841 DALLAS PARKWAY                                  
DALLAS, TX  75240                                     
ITEM 2:      PROSOURCE, INC. (NASDAQ:  PSDS)                                    
ITEM 4:      MAY 21, 1998                                                       

EXPLANATION OF RESPONSES

     This Statement of Changes in Beneficial Ownership on Form 4 (this "Form 4")
is filed by AmeriServe Food Distribution, Inc., a Delaware corporation          
("AmeriServe"), Nebco Evans Holding Company, a Delaware corporation ("NEHC"),   
Nebco Evans Distributors, Inc. a Delaware corporation ("NED"), Holberg          
Industries, Inc., a Delaware corporation ("Holberg Industries"), Holberg        
Incorporated. a Delaware corporation ("Holberg"), and John V. Holten ("Holten").
Together AmeriServe, NEHC, NED, Holberg Industries, Holberg and Mr. Holten are  
the "Reporting Persons". All of the outstanding common stock of AmeriServe is   
owned by NEHC and all of the outstanding common stock of NEHC is owned by NED.  
As of the date hereof, Holberg Industries owns approximately 93% of the         
outstanding common stock of NED and has an additional interest in the common    
stock of NED of approximately 75% through preferred stock convertible into      
common stock; Mr. Holten owns all of the outstanding common stock of Holberg,   
the corporate parent of Holberg Industries, which entity owns approximately 70% 
of the outstanding common stock of Holberg Industries and an additional interest
in the common stock of Holberg Industries of approximately 25% through certain  
preferred stock convertible into common stock. The convertible interests        
described in this Form 4 have been computed based upon the outstanding common   
shares of each of the corporate Reporting Persons without taking into account   
any options or convertible interests therein.                                   

   As previously reported in an Initial Statement of Beneficial Ownership on
Form 3, filed with the Securities and Exchange Commission (the "Commission") on 
February 9, 1998 by the Reporting Persons, AmeriServe and a wholly owned        
subsidiary of AmeriServe ("Merger Sub"), and ProSource, Inc., a Delaware        
corporation ("ProSource") entered into an Agreement and Plan of Merger (the     
"Merger Agreement"), dated as of January 29, 1998. In connection with the Merger
Agreement, Merger Sub and AmeriServe entered into a Voting Agreement (the       
"Voting Agreement"), dated as of January 29, 1998, with Onex DHC LLC, a Wyoming 
limited liability company, and certain of its affiliates (collectively, the     
"Onex Stockholders"). As of the date of the Voting Agreement, the Onex          
Stockholders were the beneficial owners of 496,583 shares of the ProSource's    
Class A Common Stock, par value $0.01 per share ("Class A Common Stock") and    
5,218,072 shares of the ProSource's Class B Common Stock, par value $0.01 per   
share ("Class B Common Stock" and together with the Class A Common Stock, the   
"Common Stock"). The shares of Common Stock owned by the Onex Stockholders are  
referred to as the "Subject Shares". Pursuant to the Voting Agreement, the Onex 
Stockholders granted AmeriServe an irrevocable option (the "Option") to acquire 
the Subject Shares, in whole and not in part, at a price of $15.00 per share in 
cash, subject to certain conditions and exercisable under certain circumstances.

On May 21, 1998 (the "Effective Time"), the Merger was consummated  
pursuant to the Merger Agreement, and each share of ProSource's Common Stock    
issued and outstanding immediately prior to the Effective Time (other than (i)  
shares of Common Stock owned, directly or indirectly, by ProSource, AmeriServe  
or any of their respective subsidiaries and (ii) shares of Common Stock subject 
to dissenters' rights) were converted into the right to receive $15.00 in cash  
without interest. At the Effective Time, each of the 100 outstanding shares of  
common stock of Merger Sub were converted into a share of common stock of       
ProSource as the surviving corporation in the Merger. As a result, as of the    
Effective Time, ProSource became a wholly owned subsidiary of AmeriServe. In    
addition, the Voting Agreement, including the Option, terminated according to   
its terms upon the consummation of the Merger.                                  

Following the Merger, the Common Stock was delisted from the Nasdaq 
National Market and ProSource filed a Form 15 with the Commission suspending    
ProSource's duty to file reports under Section 15(d) of the Securities Exchange 
Act of 1934, as amended (the "Exchange Act") and seeking to deregister the      
Common Stock under the Exchange Act.                                            

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FORM 4 CONTINUATION SHEET                                                       

ITEM 1:      AMERISERVE FOOD DISTRIBUTION, INC.                                 
14841 DALLAS PARKWAY                                  
DALLAS, TX 75240                                      
ITEM 2:      PROSOURCE, INC. (NASDAQ:  PSDS)                                    
ITEM 4:      MAY 21, 1998                                                       

 INSTRUCTION 4(b)(v)

 LIST OF OTHER REPORTING PERSONS
 WITH PRINCIPAL BUSINESS ADDRESSES

Nebco Evans Holding Company                                                     
Nebco Evans Distributors, Inc.                                                  
Holberg Industries, Inc.                                                        
Holberg Incorporated                                                            
John V. Holten                                                                  
545 Steamboat Road                                                              
Greenwich, CT  06830                                                            

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FORM 4 CONTINUATION SHEET                                                       

ITEM 1:      AMERISERVE FOOD DISTRIBUTION, INC.                                 
14841 DALLAS PARKWAY                                  
DALLAS, TX 75240                                      
ITEM 2:      PROSOURCE, INC. (NASDAQ:  PSDS)                                    
ITEM 4:      MAY 21, 1998                                                       

 SIGNATURES OF REPORTING PERSONS

Dated as of:  June 2, 1998                                                      

                                      AMERISERVE FOOD DISTRIBUTION, INC.

                                 By:  /s/    A. Petter 0stberg
                                    --------------------------
                                    Name:    A. Petter 0stberg
                                 Title:   Vice President

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘4’ Filing	Date	First	Last	Other Filings

	9/30/98	1
Filed on:	6/4/98			SC 13D/A
	6/2/98	5
For Period end:	5/21/98	3	5	15-12G, 8-K, 8-K/A
	2/9/98	3		3, SC 13D
	1/29/98	3		3, 424B3, 8-K, SC 13G
				List all Filings

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Filing Submission 0000898822-98-000582 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Ameriserve Food Distribution Inc./DE – ‘4’ for 5/21/98 re: Prosource Inc.

As of: Thursday, 6/4/98 · For: 5/21/98 · Accession #: 898822-98-582 · File #: 0-21677

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents