-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K0RhuiR7oFx50V2maXbLNvwqwM6eJ/9A76MdMjPGB/Mllq0L5uQqLW6Mh4gMN/jY 27vTC/7P/tD1Y7qKGnL/Xg== 0001012870-97-000452.txt : 19970310 0001012870-97-000452.hdr.sgml : 19970310 ACCESSION NUMBER: 0001012870-97-000452 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970307 SROS: NASD GROUP MEMBERS: ERIC P. VON DER PORTEN GROUP MEMBERS: LEEWARD CAPITAL LP GROUP MEMBERS: LEEWARD INVESTMENTS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DOVER INVESTMENTS CORP CENTRAL INDEX KEY: 0000048272 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 941712121 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-12077 FILM NUMBER: 97553022 BUSINESS ADDRESS: STREET 1: 350 CALIFORNIA ST STE 1650 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 4159510200 MAIL ADDRESS: STREET 1: 350 CALIFORNIA STREET STREET 2: SUITE 1650 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEEWARD CAPITAL LP CENTRAL INDEX KEY: 0001035254 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1139 SAN CARLOS AVE STREET 2: SUITE 302 CITY: SAN CARLOS STATE: CA ZIP: 94070 BUSINESS PHONE: 4155922270 MAIL ADDRESS: STREET 1: 1139 SAN CARLOS AVE STREET 2: SUITE 302 CITY: SAN CARLOS STATE: CA ZIP: 94070 SC 13D 1 SCHEDULE 13D --------------------------- OMB APPROVAL --------------------------- OMB Number: 3235-0145 Expires: October 31, 1994 Estimated average burden hours per form...... 14.90 --------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ________)* Dover Investments Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock, $0.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 260152103000 - -------------------------------------------------------------------------------- (CUSIP Number) Rod J. Howard Gray Cary Ware & Freidenrich 400 Hamilton Avenue Palo Alto, CA 94301-3699 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 25, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Check the following box if a fee is being paid with the statement [_]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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). SEC 1746 (12-91) - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Leeward Capital, L. P. 94-3259184 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC, OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 5 ITEMS 2(d) or 2(e) N/A - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 38,500 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 -0- OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 38,500 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 38,500 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.923% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 PN (Limited Partnership) - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Leeward Investments, LLC 94-3259183 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC, OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 5 ITEMS 2(d) or 2(e) N/A - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 38,500 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 -0- OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 38,500 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 38,500 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.923% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 OO (Limited Liability Company) - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Eric P. Von der Porten ###-##-#### - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF, OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 5 ITEMS 2(d) or 2(e) N/A - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 California - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 38,500 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 -0- OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 38,500 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 38,500 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.923% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! ITEM 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Class A Common Stock, $0.01 par value, of Dover Investments Corporation (the "Issuer" or "Dover") (the "Dover Common Stock"). Dover is a Delaware corporation, and its principal executive offices are located at 350 California Street, Suite 1650, San Francisco, CA 94104. ITEM 2. IDENTITY AND BACKGROUND This Statement is being filed jointly by: (1) Leeward Capital, L.P., a California limited partnership ("Leeward Capital"), (2) Leeward Investments, LLC, a California limited liability company ("Leeward Investments") that serves as general partner to Leeward Capital, and (3) Mr. Eric P. Von der Porten, a natural person whose principal occupation is Manager of Leeward Investments. Leeward Capital, Leeward Investments and Mr. Eric P. Von der Porten will be collectively identified hereinafter as the "Reporting Persons." This Statement is based upon the Reporting Persons' direct and indirect beneficial ownership of shares of Dover Common Stock. The business address of the Reporting Persons is 1139 San Carlos Avenue, Suite 302, San Carlos, CA 94070. During the last five years, none of the Reporting Persons has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. The Reporting Persons are citizens of California. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Between December 13, 1995 and January 8, 1997, Mr. Von der Porten purchased, either solely or jointly with a third party, and acquired sole voting power over, a total of 31,000 shares of Dover Common Stock, using personal funds. On February 14, 1997, February 24, 1997 and March 3, 1997, Leeward Capital purchased from Mr. Von der Porten a total of 31,000 shares of Dover Common Stock in exchange for limited partnership units of Leeward Capital valued at $143,688. On February 25, 1997, March 3, 1997, and March 6, 1997, Leeward Capital purchased through Furman Selz, LLC, in open-market transactions for cash, a total of 7,500 shares of Dover Common Stock, using partnership capital contributed by general and limited partners of Leeward Capital. ITEM 4. PURPOSE OF TRANSACTION. The Reporting Persons purchased Dover Common Stock for investment purposes only. Leeward Capital was established to invest in micro-cap and small-cap stocks, distressed REITs, convertible bonds, secondary-market limited partnership interests and other securities. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of March 7, 1997 (the "Filing Date"), the Reporting Persons had beneficial ownership, as defined in Rule 13d-3(a) (hereinafter "Beneficial Ownership") of an aggregate of 38,500 shares of Dover Common Stock held in the name of Leeward Capital, or an aggregate of 5.923% of the outstanding shares of Dover Common Stock, based upon the outstanding shares of Dover Common Stock disclosed in Dover's Quarterly Report on Form 10-Q for the quarter ended September 30, 1996. (b) Leeward Capital, Leeward Investments (as general partner of Leeward Capital), and Mr. Von der Porten (as manager of Leeward Investments) may each be deemed to possess sole voting and dispositive power with respect to the Dover Common Stock held by Leeward Capital. (c) From the date sixty days preceding the date of the event which initially required the filing of this Statement through the Filing Date, the Reporting Parties engaged in the following transactions with respect to the Dover Common Stock: On January 8, 1997, Mr. Von der Porten purchased 1,250 shares of Dover Common Stock for his personal portfolio, using personal funds. On February 14, 1997, Leeward Capital purchased from Mr. Von der Porten 10,000 shares of Dover Common Stock in exchange for limited partnership units of Leeward Capital. On February 24, 1997, Leeward Capital purchased from Mr. Von der Porten and a third party 11,000 shares of Dover Common Stock in exchange for limited partnership units of Leeward Capital. On February 25, 1997, Leeward Capital purchased on the open market (through Furman Selz L.L.C.) 5,500 shares of Dover Common Stock, using partnership capital. On March 3, 1997, Leeward Capital purchased on the open market (through Furman Selz L.L.C.) 1,000 shares of Dover Common Stock, using partnership capital, and Leeward Capital purchased from Mr. Von der Porten 10,000 shares of Dover Common Stock in exchange for limited partnership units of Leeward Capital. On March 6, 1997, Leeward Capital purchased on the open market (through Furman Selz L.L.C.) 1,000 shares of Dover Common Stock, using partnership capital. The following table provides information regarding transactions made by the Reporting Persons during the sixty-day period prior to the Filing Date and includes the purchaser of each transaction, the date of the transaction, the amount of securities involved, the price per share, and how the transaction was effected:
Number of Purchaser Shares Price How - --------- Trade Date Bought/Sold Per Share Effected ---------- ------------ --------- --------- Mr. Von der Porten January 1,250 $6.25000 Open 8, 1997 market Leeward Capital February 10,000 4.87500 Private 14, 1997 purchase Leeward Capital February 11,000 4.31250 Private 24, 1997 purchase Leeward Capital February 500 4.81000 Open 25, 1997 market Leeward Capital February 5,000 4.43500 Open 25, 1997 market Leeward Capital March 3, 1,000 4.95500 Open 1997 market Leeward Capital March 3, 10,000 4.75000 Private 1997 purchase Leeward Capital March 6, 1,000 5.12500 Open 1997 market
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None of the Reporting Parties, to the best of their respective knowledge, has any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to any securities of the Issuer, other than the Joint Filing Agreement among the Reporting Parties attached as Exhibit 1. - --------- ITEM 7. MATERIAL TO BE FILED AS EXHIBITS SIGNATURE 1. Joint Filing Agreement among the Reporting Parties. 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. Date: March 7, 1997 LEEWARD CAPITAL, L.P. LEEWARD INVESTMENTS, LLC /s/ LEEWARD CAPITAL, L.P. /s/ ERIC P. VON DER PORTEN - ------------------------- -------------------------- By: Leeward Investments, LLC By: Eric P. Von der Porten Its: General Partner Its: Manager /s/ ERIC P. VON DER PORTEN - -------------------------- Eric P. Von der Porten EX-1 2 JOINT FILING AGREEMENT EXHIBIT 1 JOINT FILING AGREEMENT WHEREAS, the statement on Schedule 13D to which this agreement is an exhibit (the "Joint Statement") is being filed on behalf of two or more persons (collectively, the "Reporting Persons"); and WHEREAS, the Reporting Persons prefer to file the Joint Statement on behalf of all Reporting Persons rather than individual statements on Schedule 13D on behalf of each of the Reporting Persons; NOW, THEREFORE, the undersigned hereby agree as follows with each of the other Reporting Persons: 1. Each of the Reporting Persons is individually eligible to use the Joint Statement. 2. Each of the Reporting Persons is responsible for the timely filing of the Joint Statement and any amendments thereto. 3. Each of the Reporting Persons is responsible for the completeness and accuracy of the information concerning such person contained in the Joint Statement. 4. None of the Reporting Persons is responsible for the completeness or accuracy of the information concerning the other Reporting Persons contained in the Joint Statement, unless such person knows or has reason to believe that such information is inaccurate. 5. The undersigned agree that the Joint Statement is, and any amendment thereto will be, filed on behalf of each of the Reporting Persons. Dated: March 7, 1997 LEEWARD CAPITAL, L.P. LEEWARD INVESTMENTS, LLC /s/ LEEWARD CAPITAL, L.P. /s/ ERIC P. VON DER PORTEN - ------------------------- -------------------------- By: Leeward Investments, LLC By: Eric P. Von der Porten Its: General Partner Its: Manager /s/ ERIC P. VON DER PORTEN - -------------------------- Eric P. Von der Porten -----END PRIVACY-ENHANCED MESSAGE-----