-----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, M2pq33NAO6jlYzASqvXtPKmOW4Lda9CsJrS3R968GU2hkUkgLHIguZcVhZNv0Dde m3z4E7FNfSUzQ1FjK7UMIw== 0001058217-98-000007.txt : 19980413 0001058217-98-000007.hdr.sgml : 19980413 ACCESSION NUMBER: 0001058217-98-000007 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980410 SROS: NONE GROUP MEMBERS: DANE EDWARD NATHAN ET AL GROUP MEMBERS: DANE, FALB, STONE & CO., INC. GROUP MEMBERS: EDWARD NATHAN DANE GROUP MEMBERS: FIRETHORN I LIMITED PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOREADOR ROYALTY CORP CENTRAL INDEX KEY: 0000098720 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 750991164 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-06308 FILM NUMBER: 98591737 BUSINESS ADDRESS: STREET 1: 530 PRESTON COMMONS WEST STREET 2: 8117 PRESTON ROAD CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: 2143690080 MAIL ADDRESS: STREET 1: 530 PRESTON COMMONS WEST STREET 2: 8117 PRESTON ROAD CITY: DALLAS STATE: TX ZIP: 75225 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DANE EDWARD NATHAN ET AL CENTRAL INDEX KEY: 0000944803 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 030282431 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 33 BROAD STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-742-2304 MAIL ADDRESS: STREET 1: 33 BROAD STREET CITY: BOSTON STATE: MA ZIP: 02109 SC 13D/A 1 AMENDMENT NO. 4 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A-4 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.4) TOREADOR ROYALTY CORPORATION - -------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK $0.15625 PAR VALUE - -------------------------------------------------------------------------------- 891041 10 5 - -------------------------------------------------------------------------------- (Cusip Number) PETER L. FALB 33 BROAD STREET BOSTON, MA 02109 Telephone: (617) 742-0666 Facsimile (617) 742-2304 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 25, 1998 - -------------------------------------------------------------------------------- (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 [ ]. - -------------------------- -------------------------- CUSIP No. 891041 10 5 SCHEDULE 13D/A-4 Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter Lawrence Falb ###-##-#### - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 111,000 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 729,900 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 111,000 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 729,900 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 840,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.89% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ================================================================================ - -------------------------- -------------------------- CUSIP No. 891041 10 5 SCHEDULE 13D/A-4 Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Edward Nathan Dane ###-##-#### - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS 00 - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 729,900 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 729,900 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 729,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.66% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ================================================================================ - -------------------------- -------------------------- CUSIP No. 891041 10 5 SCHEDULE 13D/A-4 Page 4 of 9 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Firethorn I Limited Partnership 04-3064184 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS 00 - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 170,000 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 170,000 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 170,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.41% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN ================================================================================ - -------------------------- -------------------------- CUSIP No. 891041 10 5 SCHEDULE 13D/A-4 Page 5 of 9 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dane, Falb, Stone & Co., Inc. 04-2622331 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS 00 - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 559,100 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 800 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 559,100 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 800 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 559,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.24% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IA ================================================================================ CUSIP No. 891041 10 5 The Schedule 13D previously filed by the undersigned (the "Reporting Persons") with respect to the Common Stock, $.15625 par value, of Toreador Royalty Corporation (the "issuer") is hereby amended as follows: Item 3 is amended and restated to read in its entirely as follows: ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION: As to 170,000 shares, portfolio funds of Firethorn I Limited Partnership. As to 111,000 shares, personal funds of Peter L. Falb As to 559,900 shares, portfolio funds of investment advisees of Dane, Falb, Stone & Co., Inc. Item 4 is hereby supplemented as follows: ITEM 4 PURPOSE OF TRANSACTION: (a) Item 4 is hereby supplemented, as follows: All the shares were purchased and are being held for investment purposes. Increases in the percentages reported herein from those previously reported were caused in some part by a decrease in the number of shares outstanding. Ownership of the shares is as follows: (i) Investment advisory clients of Dane, Falb, Stone & Co., Inc. ("DFS"), an investment adviser registered under the Investment Advisers Act of 1940, hold 559,900 shares. Of those shares, DFS has sole voting and dispositive power with respect to 559,100 shares and shared voting and dispositive power with respect to 800 shares. Peter L. Falb and Edward Nathan Dane are the principals and sole stockholders of DFS and to the extent that DFS has the power to vote and dispose of the shares held by its investment advisory clients, they share such power. The acquisition of such 559,900 shares was made in the ordinary course of business and not with the purpose nor with the effect of changing or influencing the control of the issuer nor in connection with or as a participant in any transaction having such purpose or effect. The beneficial Page 6 of 9 Pages CUSIP No. 891041 10 5 ownership by DFS of such shares has properly been reported on Schedule 13G. (ii) Mr. Falb owns 111,000 shares directly or indirectly through family members. (iii) Mr. Dane does not own any shares directly or indirectly through family members or otherwise. (iv) Firethorn I Limited Partnership ("Firethorn I") is a private investment partnership which directly owns 170,000 shares. (b) Mr. Falb, on March 25, 1998, sent a letter to Mr. John Mark McLaughlin, Chairman, Toreador Royalty Corporation, the text of which was as follows: "I have received your unsatisfactory letter of February 10, 1998. It is a clear illustration of the inability of Toreador's management and board to meet its obligation to the shareholders. Since Mr. Vig joined the company in 1988, shareholder's have received essentially no return on their investment. Frankly, it is time for a change. I could provide lengthy critiques of the innumerable ways in which actions taken have not served the shareholder's interests, but I doubt if it would have any effect on the intransigence of the board. While I prefer not to seek confrontation, I will take any and all necessary steps if a satisfactory resolution is not achieved. I propose that additional or replacement members, named by us, be added to the board. This would allow a reasonable transition to a strategy more in keeping with the shareholder's interests and allow for representation appropriate to share ownership. I would be happy to discuss this with you either by telephone or, if necessary, in person." Page 7 of 9 Pages CUSIP No. 891041 10 5 Item 5 is amended and restated to read in its entirety as follows:
ITEM 5(A) SHARES BENEFICIALLY PERCENTAGE OWNED OF CLASS ------------ ---------- Peter L. Falb 840,900 16.89% Edward Nathan Dane 729,900 14.66% Dane, Falb, Stone & Co. Inc. 559,900 11.24% Firethorn I Limited Partnership 170,000 3.41%
ITEM 5(B)
SOLE SHARED SOLE SHARES VOTING VOTING DISPOSITIVE DISPOSITIVE POWER POWER POWER POWER ------ ------ ----------- ----------- Peter L. Falb 111,000 729,900 111,000 729,900 Edward Nathan Dane -- 729,900 -- 729,900 Dane, Falb, Stone & Co., Inc. 559,100 800 559,100 800 Firethorn I Limited Partnership 170,000 -- 170,000 -- 170,000 -- 170,000 --
Page 8 of 9 Pages CUSIP No. 891041 10 5 SIGNATURES 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.
April 8, 1998 /s/ Peter L. Falb ---------------------------------------- April 8, 1998 /s/ Edward Nathan Dane ---------------------------------------- DANE, FALB, STONE & CO., INC. April 8, 1998 By: /s/ Peter L. Falb, Treasurer ------------------------------------ April 8, 1998 By: /s/ Edward Nathan Dane, President ------------------------------------ FIRETHORN I LIMITED PARTNERSHIP By: FIRETHORN II LIMITED PARTNERSHIP, its general partner By: EAGLEROCK CORPORATION, its general partner April 8, 1998 By: /s/ Peter L. Falb, Treasurer ------------------------------------ April 8, 1998 By: /s/ Edward Nathan Dane, President ------------------------------------
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