Schedule 13D
|
|
CUSIP No. 518414 10 7
|
Page 2 of 14 Pages
|
1.
|
Names of Reporting Persons
|
|
|
Robert E. Robotti
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) o (b) x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
|
|
|
AF, OO
|
|
|
|
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
|
o
|
|
|
|
6.
|
Citizenship or Place of Organization
|
|
|
United States
|
Number of
|
7.
|
Sole Voting Power: 1,200,000
|
Shares
|
||
Beneficially
|
8.
|
Shared Voting Power: 515,840
|
Owned by
|
||
Each
|
9.
|
Sole Dispositive Power: 1,200,000
|
Reporting
|
||
Person With
|
10.
|
Shared Dispositive Power: 515,840
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
|
|
1,715,840
|
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
|
5.1%
|
||
14.
|
Type of Reporting Person (See Instructions)
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|
|
IN, HC
|
Schedule 13D
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|
CUSIP No. 518414 10 7
|
Page 3 of 14 Pages
|
1.
|
Names of Reporting Persons
|
|
|
Robotti & Company, Incorporated
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) o (b) x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
|
|
|
OO
|
|
|
|
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
|
o
|
|
|
|
6.
|
Citizenship or Place of Organization
|
|
|
New York
|
Number of
|
7.
|
Sole Voting Power: -0-
|
Shares
|
||
Beneficially
|
8.
|
Shared Voting Power: 515,840
|
Owned by
|
||
Each
|
9.
|
Sole Dispositive Power: -0-
|
Reporting
|
||
Person With
|
10.
|
Shared Dispositive Power: 515,840
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
|
|
515,840
|
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
|
1.5%
|
||
14.
|
Type of Reporting Person (See Instructions)
|
|
|
CO, HC
|
Schedule 13D
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|
CUSIP No. 518414 10 7
|
Page 4 of 14 Pages
|
1.
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Names of Reporting Persons
|
|
|
Robotti & Company Advisors, LLC
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) o (b) x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
|
|
|
OO
|
|
|
|
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
|
o
|
|
|
|
6.
|
Citizenship or Place of Organization
|
|
|
New York
|
Number of
|
7.
|
Sole Voting Power: -0-
|
Shares
|
||
Beneficially
|
8.
|
Shared Voting Power: 515,840
|
Owned by
|
||
Each
|
9.
|
Sole Dispositive Power: -0-
|
Reporting
|
||
Person With
|
10.
|
Shared Dispositive Power: 515,840
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
|
|
515,840
|
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
|
1.5%
|
||
14.
|
Type of Reporting Person (See Instructions)
|
|
|
OO, IA
|
Schedule 13D
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|
CUSIP No. 518414 10 7
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Page 5 of 14 Pages
|
1.
|
Names of Reporting Persons
|
|
|
Kenneth R. Wasiak
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) o (b) x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
|
|
|
AF
|
|
|
|
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
|
o
|
|
|
|
6.
|
Citizenship or Place of Organization
|
|
|
United States
|
Number of
|
7.
|
Sole Voting Power: -0-
|
Shares
|
||
Beneficially
|
8.
|
Shared Voting Power: 515,840
|
Owned by
|
||
Each
|
9.
|
Sole Dispositive Power: -0-
|
Reporting
|
||
Person With
|
10.
|
Shared Dispositive Power: 515,840
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
|
|
515,840
|
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
|
1.5%
|
||
14.
|
Type of Reporting Person (See Instructions)
|
|
|
IN, HC
|
Schedule 13D
|
|
CUSIP No. 518414 10 7
|
Page 6 of 14 Pages
|
1.
|
Names of Reporting Persons
|
|
|
Ravenswood Management Company, L.L.C.
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) o (b) x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
|
|
|
AF
|
|
|
|
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
|
o
|
|
|
|
6.
|
Citizenship or Place of Organization
|
|
|
New York
|
Number of
|
7.
|
Sole Voting Power: -0-
|
Shares
|
||
Beneficially
|
8.
|
Shared Voting Power: 515,840
|
Owned by
|
||
Each
|
9.
|
Sole Dispositive Power: -0-
|
Reporting
|
||
Person With
|
10.
|
Shared Dispositive Power: 515,840
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
|
|
515,840
|
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
|
1.5%
|
||
14.
|
Type of Reporting Person (See Instructions)
|
|
|
OO
|
Schedule 13D
|
|
CUSIP No. 518414 10 7
|
Page 7 of 14 Pages
|
1.
|
Names of Reporting Persons
|
|
|
The Ravenswood Investment Company, L.P.
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) o (b) x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
|
|
|
WC
|
|
|
|
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
|
o
|
|
|
|
6.
|
Citizenship or Place of Organization
|
|
|
Delaware
|
Number of
|
7.
|
Sole Voting Power: -0-
|
Shares
|
||
Beneficially
|
8.
|
Shared Voting Power: 416,670
|
Owned by
|
||
Each
|
9.
|
Sole Dispositive Power: -0-
|
Reporting
|
||
Person With
|
10.
|
Shared Dispositive Power: 416,670
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
|
|
416,670
|
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
|
1.2%
|
||
14.
|
Type of Reporting Person (See Instructions)
|
|
|
PN
|
Schedule 13D
|
|
CUSIP No. 518414 10 7
|
Page 8 of 14 Pages
|
1.
|
Names of Reporting Persons
|
|
|
Ravenswood Investments III, L.P.
|
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) o (b) x
|
|
3.
|
SEC Use Only
|
|
4.
|
Source of Funds (See Instructions)
|
|
|
WC
|
|
|
|
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
|
o
|
|
|
|
6.
|
Citizenship or Place of Organization
|
|
|
New York
|
Number of
|
7.
|
Sole Voting Power: -0-
|
Shares
|
||
Beneficially
|
8.
|
Shared Voting Power: 99,170
|
Owned by
|
||
Each
|
9.
|
Sole Dispositive Power: -0-
|
Reporting
|
||
Person With
|
10.
|
Shared Dispositive Power: 99,170
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
|
|
99,170
|
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
|
Less than 1%
|
||
14.
|
Type of Reporting Person (See Instructions)
|
|
|
PN
|
SCHEDULE 13D
|
|
CUSIP No. 518414 10 7
|
Page 9 of 14 Pages
|
Item 1. | Security and Issuer. |
Item 2. | Identity and Background. |
Item 3. | Source and Amount of Funds or Other Consideration. |
SCHEDULE 13D
|
|
CUSIP No. 518414 10 7
|
Page 10 of 14 Pages
|
Item 4. | Purpose of Transaction. |
Item 5. | Interest in Securities of the Issuer. |
Reporting Person
|
Aggregate Number
of Common Stock
|
Number of
Common Stock:
Sole Power to
Vote or Dispose
|
Number of
Common Stock:
Shared Power to
Vote or Dispose
|
Approximate
Percentage*
|
||||||||||||
Robotti (1)(2)(3)(4)(5)
|
1,715,840
|
1,200,000
|
515,840
|
5.07
|
%
|
|||||||||||
ROBT (1)(3)
|
515,840
|
0
|
515,840
|
1.53
|
%
|
|||||||||||
Robotti & Company Advisors(1)(3)
|
515,840
|
0
|
515,840
|
1.53
|
%
|
|||||||||||
Wasiak (1)(4)(5)
|
515,840
|
0
|
515,840
|
1.53
|
%
|
|||||||||||
RMC (1)(4)(5)
|
515,840
|
0
|
515,840
|
1.53
|
%
|
|||||||||||
RIC (1)(4)
|
416,670
|
0
|
416,670
|
1.23
|
%
|
|||||||||||
RI (1)(5)
|
99,170
|
0
|
99,170
|
**
|
SCHEDULE 13D
|
|
CUSIP No. 518414 10 7
|
Page 11 of 14 Pages
|
Transactions in Shares Since December 11, 2009
|
|||||||||||
Party
|
Date of
Purchase/
Sale
|
Number of
Common
Stock
|
Buy/Sell
|
Price Per Unit
|
|||||||
Mr. Robotti
|
02/09/2010
|
500,000
|
BUY
|
$
|
0.062
|
||||||
Mr. Robotti
|
02/10/2010
|
500,000
|
BUY
|
$
|
0.062
|
||||||
Mr. Robotti
|
11/10/2010
|
200,000
|
BUY
|
$
|
0.0675
|
(d) | Robotti Advisors' clients have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, Common Stock owned by them. Except as set forth in the immediately preceding sentence, no Person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Common Stock beneficially owned by the Reporting Persons. |
(e) | Not Applicable. |
Item 6. | Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer. |
Item 7.
|
Materials To Be Filed As Exhibits.
|
SCHEDULE 13D
|
|
CUSIP No. 518414 10 7
|
Page 12 of 14 Pages
|
Date:
|
October 31, 2013
|
|
|
|
|
|
|
|
|
|
|
|
Robotti & Company, Incorporated
|
|
|
|
|
|
|
|
/s/ Stephen Hart*
|
|
By:
|
/s/ Stephen Hart*
|
|
Robert E. Robotti
|
|
|
Name: Robert E. Robotti
|
|
|
|
Title: President and Treasurer
|
|
|
||||
Robotti & Company Advisors, LLC
|
|
|
||
|
||||
By:
|
/s/ Stephen Hart*
|
|
|
/s/ Stephen Hart**
|
|
Name: Robert E. Robotti
|
|
|
Kenneth R. Wasiak
|
|
Title: President and Treasurer
|
|
|
|
|
|
|
|
|
Ravenswood Management Company, L.L.C.
|
|
|
Ravenswood Investment Company, L.P.
|
|
|
|
|
|
|
By:
|
/s/ Stephen Hart*
|
|
By:
|
Ravenswood Management Company, L.L.C.
|
|
Name: Robert E. Robotti
|
|
|
Its General Partner
|
|
Title: Managing Member
|
|
|
|
|
|
|
By:
|
/s/ Stephen Hart*
|
Ravenswood Investments III, L.P.
|
|
|
Name: Robert E. Robotti
|
|
|
|
|
|
Title: Managing Member
|
By:
|
Ravenswood Management Company, L.L.C.
|
|
|
|
|
Its General Partner
|
|
|
|
|
||||
By:
|
/s/ Stephen Hart*
|
|
|
|
|
Name: Robert E. Robotti
|
|
|
|
|
Title: Managing Member
|
|
|
|
SCHEDULE 13D
|
|
CUSIP No. 518414 10 7
|
Page 13 of 14 Pages
|
Name:
|
|
Robert E. Robotti
|
|
|
(Director, President, Treasurer)
|
Citizenship
|
|
U.S.A.
|
Principal Occupation:
|
|
President and Treasurer, Robotti & Company, Incorporated
|
Business Address:
|
|
6 East 43rd Street, 23rd Floor, New York, New York 10017
|
|
|
|
Name:
|
|
Nancy Seklir
|
|
|
(Director)
|
Citizenship:
|
|
U.S.A.
|
Principal Occupation:
|
|
Retired
|
Business Address:
|
|
c/o Robotti & Company, Incorporated
|
|
|
6 East 43rd Street, 23rd Floor, New York, New York 10017
|
|
|
|
Name:
|
|
Kenneth R. Wasiak
|
|
|
(Director)
|
Citizenship
|
|
U.S.A.
|
Principal Occupation:
|
|
Consultant, Grassi & Co.
|
Business Address:
|
|
488 Madison Avenue, New York, New York 10022
|
|
|
|
Name:
|
|
Erwin Mevorah
|
|
|
(Vice President, Secretary)
|
Citizenship:
|
|
U.S.A.
|
Principal Occupation:
|
|
Vice President and Secretary, Robotti & Company, Incorporated
|
Business Address:
|
|
6 East 43rd Street, New York, NY 10017
|
SCHEDULE 13D
|
|
CUSIP No. 518414 10 7
|
Page 14 of 14 Pages
|
|
|
Exhibit
|
|
Page
|
|
|
|
|
|
|
Joint Filing Agreement dated as of October 31, 2013 by and among Robert E. Robotti, Robotti & Company, Incorporated, Robotti & Company Advisors, LLC, Kenneth R. Wasiak, Ravenswood Management Company, L.L.C., The Ravenswood Investment Company, L.P. and Ravenswood Investments III, L.P.
|
|
Page 1
|
SCHEDULE 13D
|
|
CUSIP No. 518414 10 7
|
Page 1 of 1 Pages
|
Date:
|
October 31, 2013
|
|
|
|
|
|
|
|
|
|
|
|
Robotti & Company, Incorporated
|
|
|
|
|
|
|
|
/s/ Stephen Hart*
|
|
By:
|
/s/ Stephen Hart*
|
|
Robert E. Robotti
|
|
|
Name: Robert E. Robotti
|
|
|
|
Title: President and Treasurer
|
|
|
||||
Robotti & Company Advisors, LLC
|
|
|
||
|
||||
By:
|
/s/ Stephen Hart*
|
|
By:
|
/s/ Stephen Hart**
|
|
Name: Robert E. Robotti
|
|
|
Kenneth R. Wasiak
|
|
Title: President and Treasurer
|
|
|
|
|
||||
Ravenswood Management Company, L.L.C.
|
|
|
Ravenswood Investment Company, L.P.
|
|
|
|
|
|
|
By:
|
/s/ Stephen Hart*
|
|
By:
|
Ravenswood Management Company, L.L.C.
|
|
Name: Robert E. Robotti
|
|
|
Its General Partner
|
|
Title: Managing Member
|
|
|
|
|
|
|
By:
|
/s/ Stephen Hart*
|
Ravenswood Investments III, L.P.
|
|
|
Name: Robert E. Robotti
|
|
|
|
|
|
Title: Managing Member
|
By:
|
Ravenswood Management Company, L.L.C.
|
|
|
|
|
Its General Partner
|
|
|
|
|
||||
By:
|
/s/ Stephen Hart*
|
|
|
|
|
Name: Robert E. Robotti
|
|
|
|
|
Title: Managing Member
|
|
|
|