SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
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 6 PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Alan F. Sussna
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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 720,412
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Beneficially 6 Shared Voting Power
9,803
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 720,412
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Reporting 8 Shared Dispositive Power
Person With 9,803
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
730,215
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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)
10.16%
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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 6 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:
Alan F. Sussna
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.
Item 4. Ownership:
(a) Amount beneficially owned:
730,215
CUSIP NO. 048263 10 7 13G PAGE 4 OF 6 PAGES
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(b) Percent of Class:
10.16%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
720,412
(ii) shared power to vote or to direct the vote:
9,803
(iii) sole power to dispose or to direct the disposition
of:
720,412
(iv) shared power to dispose or to direct the
disposition of:
9,803
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.
The information provided in Item 4 as of December 31, 2001
includes 175,528 shares held by Mr. Sussna as trustee of the
Alan F. Sussna Trust, a trust of which he is the beneficiary and
has the power to revoke, and includes 9,803 shares held by Mr.
Sussna's wife, Brenda B. Sussna, as trustee of the Brenda B.
Sussna Trust, a trust of which she is the beneficiary and has
the power to revoke. As a result, Mr. Sussna's wife has the
right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, 9,803 shares. The
information provided in Item 4 also includes 500,000 shares
underlying currently exercisable options or options exercisable
within 60 days, which options are held by Mr. Sussna as trustee
of the Alan F. Sussna Trust, and 44,884 shares directly held by
Mr. Sussna.
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.
CUSIP NO. 048263 10 7 13G PAGE 5 OF 6 PAGES
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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 6 OF 6 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 1, 2002
/s/ Alan F. Sussna
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Alan F. Sussna, President and Chief
Executive Officer