SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Atlantic Premium Brands, Ltd.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
048263 10 7
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(CUSIP Number)
December 31, 2001
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(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)
*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 NO. 048263 10 7 13G PAGE 2 OF 9 PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Merrick M. Elfman
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
U.S.A.
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Number of
5 Sole Voting Power
Shares 124,054
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Beneficially 6 Shared Voting Power
433,805
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 124,054
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Reporting 8 Shared Dispositive Power
Person With 433,805
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
557,859
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
8.22%
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12 Type of Reporting Person (See Instructions)
IN
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CUSIP NO. 048263 10 7 13G PAGE 3 OF 9 PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Therese L. Wareham
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
U.S.A.
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Number of
5 Sole Voting Power
Shares 0
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Beneficially 6 Shared Voting Power
557,859
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 0
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Reporting 8 Shared Dispositive Power
Person With 557,859
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
557,859
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
8.22%
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12 Type of Reporting Person (See Instructions)
IN
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CUSIP NO. 048263 10 7 13G PAGE 4 OF 9 PAGES
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SCHEDULE 13G
Item 1(a). Name of Issuer:
Atlantic Premium Brands, Ltd.
Item 1(b). Address of Issuer's Principal Executive Offices:
650 Dundee Road, Suite 370
Northbrook, IL 60062
Item 2(a). Name of Person Filing:
Merrick M. Elfman ("Mr. Elfman")
Therese L. Wareham ("Ms. Wareham")
Item 2(b). Address of Principal Business Office or, if None, Residence:
650 Dundee Road, Suite 370
Northbrook, IL 60062
Item 2(c). Citizenship:
U.S.A.
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share
Item 2(e). CUSIP Number:
048263 10 7
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
Not applicable.
CUSIP NO. 048263 10 7 13G PAGE 5 OF 9 PAGES
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Item 4. Ownership:
(a) Amount beneficially owned:
Mr. Elfman: 557,859*
Ms. Wareham: 557,859**
*The 557,859 shares beneficially owned by Mr. Elfman as of December 31, 2001
include (i) 103,500 shares underlying currently exercisable options or options
exercisable within 60 days held by Mr. Elfman; (ii) 20,554 shares held
individually by Mr. Elfman; and (iii) 433,805 shares held jointly by Mr. Elfman
and his wife, Ms. Wareham.
**The 557,859 shares beneficially owned by Ms. Wareham as of December 31, 2001
include (i) 103,500 shares underlying currently exercisable options or options
exercisable within 60 days held by her husband, Mr. Elfman; (ii) 20,554 shares
held individually by Mr. Elfman; and (iii) 433,805 shares held jointly by Ms.
Wareham and Mr. Elfman.
(b) Percent of Class:
8.22%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Mr. Elfman: 124,054
Ms. Wareham: 0
(ii) shared power to vote or to direct the vote:
Mr. Elfman: 433,805
Ms. Wareham: 557,859
(iii) sole power to dispose or to direct the disposition
of:
Mr. Elfman: 124,054
Ms. Wareham: 0
(iv) shared power to dispose or to direct the
disposition of:
Mr. Elfman: 433,805
Ms. Wareham: 557,859
CUSIP NO. 048263 10 7 13G PAGE 6 OF 9 PAGES
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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.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person:
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not 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 with or as a
participant in any transaction having that purpose or effect.
CUSIP NO. 048263 10 7 13G PAGE 7 OF 9 PAGES
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After reasonable inquiry and to the best of its knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 7, 2002
/s/ Merrick M. Elfman
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Merrick M. Elfman
Chairman of the Board
/s/ Therese L. Wareham
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Therese L. Wareham
CUSIP NO. 048263 10 7 13G PAGE 8 OF 9 PAGES
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EXHIBIT INDEX
Exhibit No. Description
1 Agreement Pursuant to Rule 13d-1(k)(1)(iii) Concerning
Joint Schedule 13G Filing
CUSIP NO. 048263 10 7 13G PAGE 9 OF 9 PAGES
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EXHIBIT 1
AGREEMENT PURSUANT TO RULE 13D-1(k)(1)(iii)
CONCERNING JOINT SCHEDULE 13G FILING
The undersigned each agree, in connection with their beneficial ownership
of common stock of Atlantic Premium Brands, Ltd., (i) that a Schedule 13G shall
be filed jointly by them pursuant to Section 13(d) of the Securities Exchange
Act of 1934 (the "Exchange Act"), together with any amendments to the Schedule
13G that from time to time may be required: and (ii) that the Schedule 13G and
any such amendments are filed on behalf of each of them. The undersigned
acknowledge their respective responsibilities with respect to Schedule 13G as
set forth in Rule 13d-1(k)(1)(iii) promulgated under the Exchange Act.
This Agreement may be executed in counterparts.
Dated as of: February 7, 2002
/s/ Merrick M. Elfman
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Merrick M. Elfman
/s/ Therese L. Wareham
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Therese L. Wareham