0000928598-01-500256.txt : 20011010 0000928598-01-500256.hdr.sgml : 20011010 ACCESSION NUMBER: 0000928598-01-500256 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20011009 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HERLEY INDUSTRIES INC /NEW CENTRAL INDEX KEY: 0000047035 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 232413500 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-34884 FILM NUMBER: 1755238 BUSINESS ADDRESS: STREET 1: 10 INDUSTRY DR CITY: LANCASTER STATE: PA ZIP: 17603 BUSINESS PHONE: 7173972777 MAIL ADDRESS: STREET 1: 10 INDUSTRY DRIVE CITY: LANCASTER STATE: PA ZIP: 17603 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY INDUSTRIES INC DATE OF NAME CHANGE: 19831103 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY MICROWAVE SYSTEMS INC DATE OF NAME CHANGE: 19900510 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EQSF ADVISERS INC ET AL CENTRAL INDEX KEY: 0000928598 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133354359 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 767 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-2023 BUSINESS PHONE: 212-888-6685 MAIL ADDRESS: STREET 1: 767 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-2023 SC 13G 1 herley13g.txt 13G FILING SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 Herley Industries, Inc. ------------------------------------------------------ (NAME OF ISSUER) COMMON STOCK, $.10 PAR VALUE PER SHARE ------------------------------------------------------ (TITLE OF CLASS OF SECURITIES) 427398102 ------------------------------------------------------ (CUSIP NUMBER) 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). -------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS EQSF ADVISERS, INC. (EIN 13-3354359) -------------------------------------------------------------- -------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------- -------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------- -------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK CORPORATION -------------------------------------------------------------- -------------------------------------------------------------- 5 SOLE VOTING POWER 487,500 NUMBER OF --------------------------------------------- --------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY none --------------------------------------------- --------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 487,500 --------------------------------------------- --------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER none -------------------------------------------------------------- -------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 487,500 -------------------------------------------------------------- -------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------- -------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.94% -------------------------------------------------------------- -------------------------------------------------------------- TYPE OF REPORTING PERSON* 12 IA -------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! -------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS M.J. WHITMAN ADVISERS, INC. (EIN 13-3686379) -------------------------------------------------------------- -------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------- -------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------- -------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK CORPORATION -------------------------------------------------------------- -------------------------------------------------------------- 5 SOLE VOTING POWER n/a NUMBER OF --------------------------------------------- --------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY NONE --------------------------------------------- --------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON n/a --------------------------------------------- --------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER NONE -------------------------------------------------------------- -------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON n/a -------------------------------------------------------------- -------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------- -------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11 n/a -------------------------------------------------------------- -------------------------------------------------------------- TYPE OF REPORTING PERSON* 12 IA -------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! -------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS MARTIN J. WHITMAN -------------------------------------------------------------- -------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------- -------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------- -------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA -------------------------------------------------------------- -------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF NONE (SEE ITEM 4) --------------------------------------------- --------------------------------------------- 6 SHARED VOTING POWER SHARES NONE BENEFICIALLY OWNED BY --------------------------------------------- --------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING NONE (SEE ITEM 4) --------------------------------------------- --------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER NONE -------------------------------------------------------------- -------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- (SEE ITEM 4) -------------------------------------------------------------- -------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------- -------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- -------------------------------------------------------------- -------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN -------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1. (A) NAME OF ISSUER: Herley Industries, Inc. (the "Issuer"). (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES OR,IF NONE, RESIDENCE: 3061 Industry Drive Lancaster, PA 17603 ITEM 2. (A) NAME OF PERSON FILING: This schedule is being jointly filed by EQSF Advisers, Inc. ("EQSF"), M.J. Whitman Advisers, Inc. ("MJWA") and Martin J. Whitman, the Chief Executive Officer of EQSF and MJWA and controlling person of EQSF and MJWA. (EQSF, MJWA and Martin J. Whitman are sometimes collectively referred to hereinafter as "Filer"). Attached hereto as an exhibit is a copy of the joint Schedule 13G filing agreement among the reporting persons. (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE: The address of the principal executive office of EQSF, MJWA and Mr. Whitman is: 767 Third Avenue, New York, New York 10017-2023. (C) CITIZENSHIP: The citizenship or place of organization of each of the reporting persons is as follows: EQSF New York State Corporation. MJWA New York State Corporation. MARTIN J. WHITMAN United States Citizen. (D) TITLE OF CLASS OF SECURITIES: Common Stock, $.10 par value per share. (E) CUSIP NUMBER: 427398102 ITEM 3. IF THIS STATEMENT IS BEING FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: (E) Investment Adviser registered under section 203 OF THE INVESTMENT ADVISERS ACT OF 1940 (EQSF and MJWA). ITEM 4. OWNERSHIP. (a) & (b) EQSF beneficially owns 487,500 shares, or 6.94% of the class of securities of the issuer. MJWA does not beneficially own shares, or a percentage of the class of securities of the issuer. (c) (i) EQSF: 487,500 MJWA: not applicable (ii) Not applicable. (iii) EQSF: 487,500 MJWA: not applicable (iv) Not applicable. Mr. Whitman disclaims beneficial ownership of all such shares. 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. Third Avenue Small Cap Value Fund, an investment company registered under the Investment Company Act of 1940, has the right to receive dividends from, and the proceeds from the sale of 382,500 of the shares reported by EQSF, Sun America Style Select Fund, an investment company registered under the Investment Company Act of 1940, has the right to receive dividends from, and the proceeds from the sale of 52,500 of the shares reported by EQSF, and Third Avenue Variable Portfolio of the Third Avenue Variable Series Trust, an investment company registered under the Investment Company Act of 1940, has the right to receive dividends from, and the proceeds from the sale of, 52,500 of the shares reported by EQSF. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. 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. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. October 9, 2001 --------------------------- (Date) EQSF ADVISERS, INC. BY:/S/ MARTIN J. WHITMAN ------------------------ Martin J. Whitman Chairman, President and Chief Executive Officer M.J. WHITMAN ADVISERS, INC. BY:/S/ MARTIN J. WHITMAN ---------------------- Martin J. Whitman Chairman and Chief Executive Officer /S/ MARTIN J. WHITMAN ----------------------- Martin J. Whitman, President EX-1 3 herleyjoint.txt JOINT FILING AGREEMENT Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1 (f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Entities (as such term is defined in the Schedule 13G) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $.10 par value per share, of Herley Industries Inc., and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 9th day of October, 2001. EQSF ADVISERS, INC. By:/s/ MARTIN J. WHITMAN -------------------------- Martin J. Whitman Chairman, President and Chief Executive Officer M.J. WHITMAN ADVISERS, INC. By:/s/ MARTIN J. WHITMAN -------------------------- Martin J. Whitman Chairman and Chief Executive Officer /s/ MARTIN J. WHITMAN -------------------------- Martin J. Whitman