-----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, KKyTXQS6ckSMFVF2ztHFpekBGuWBzWcxuBEHiHa+PwCKDFTjDEyn4nxsFZUtiKqD A0NByhvZGKneIenn/mcZng== 0000927016-99-001573.txt : 19990422 0000927016-99-001573.hdr.sgml : 19990422 ACCESSION NUMBER: 0000927016-99-001573 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990421 GROUP MEMBERS: C. PARKHURST AS CUSTODIAN FOR C. PARKHURST GROUP MEMBERS: C. PARKHURST AS CUSTODIAN FOR W. PARKHURST GROUP MEMBERS: CHARLES H. PARKHURST GROUP MEMBERS: COSTA BRAVA PARTNERSHIP II LIMITED PART. GROUP MEMBERS: GREENWOOD CAPITAL LIMITED PARTNERSHIP GROUP MEMBERS: GREENWOOD INVESTMENTS INC. GROUP MEMBERS: HAMOT SETH W GROUP MEMBERS: ROARK, REARDEN & HAMOT INC. GROUP MEMBERS: SETH W. HAMOT AS CUSTODIAN FOR G. HAMOT GROUP MEMBERS: STEVEN M. TANNENBAUM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RISCORP INC CENTRAL INDEX KEY: 0001003957 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 650335150 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-47357 FILM NUMBER: 99598080 BUSINESS ADDRESS: STREET 1: ONE SARASOTA TOWER STREET 2: SUITE 608 CITY: SARASOTA STATE: FL ZIP: 34236 BUSINESS PHONE: 9419512022 MAIL ADDRESS: STREET 1: 1390 MAIN STREET CITY: SARASOTA STATE: FL ZIP: 34236 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HAMOT SETH W CENTRAL INDEX KEY: 0001071036 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 35 HANCVOCK STREET CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 6172278156 MAIL ADDRESS: STREET 1: 35 HANCOCK STREET CITY: BOSTON STATE: MA ZIP: 02108 SC 13D 1 SCHEDULE 13-D FOR SETH W. HAMOT [CONFORMED COPY] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. 1)* Riscorp, Inc. - -------------------------------------------------------------------------------- (Name of issuer) Shares of Class A Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of class of securities) 767597107 - -------------------------------------------------------------------------------- (CUSIP number) Seth W. Hamot, 121-B Tremont Street, Brighton, MA 02135 (617) 787-2940 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) April 6, 1999 ----------------------------------------------------------------- (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 (S)(S)240.13d-(e), 240.13d-1(f) or 204.13(d)-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule. See (S)240.13d-7 for other parties to whom copies are to be sent. (Continued on the following pages) (Page 1 of 12 Pages) _____________________________ *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 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). SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 2 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Seth W. Hamot - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Seth W. Hamot 800,300 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 Seth W. Hamot 5,000 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Seth W. Hamot 800,300 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 Seth W. Hamot 5,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Seth W. Hamot 805,300 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.65% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 3 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Costa Brava Partnership II Limited Partnership (04-3387028) - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Massachusetts - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Costa Brava II 756,300 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Costa Brava II 756,300 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Costa Brava II 756,300 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.30% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 4 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Roark, Rearden & Hamot Inc (04-3242639) - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Massachusetts - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Roark, Rearden & Hamot Inc. 756,300 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Roark, Rearden & Hamot Inc. 756,300 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Roark, Rearden & Hamot Inc. 756,300 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.30% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 5 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Seth W. Hamot, as custodian for Gideon B. Hamot under the Massachusetts Uniform Transfers to Minors Act - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 UNITED STATES - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Seth W. Hamot, as custodian for Gideon B. Hamot under the Massachusetts Uniform Transfers to Minors Act 5,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Seth W. Hamot, as custodian for Gideon B. Hamot under the Massachusetts Uniform Transfers to Minors Act 5,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Seth W. Hamot, as custodian for Gideon B. Hamot under the Massachusetts Uniform Transfers to Minors Act 5,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.04% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 6 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Greenwood Investments Inc. (22-3147811) - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Greenwood Investments Inc. 80,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Greenwood Investments Inc. 80,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Greenwood Investments Inc. 80,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.56% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 7 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Steven M. Tannenbaum - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Steven M. Tannenbaum 80,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Steven M. Tannenbaum 80,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Steven M. Tannenbaum 80,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.56% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 8 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GREENWOOD CAPITAL LIMITED PARTNERSHIP (05-0486774) - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 MASSACHUSETTS - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF GREENWOOD CAPITAL LP 80,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING GREENWOOD CAPITAL LP 80,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 GREENWOOD CAPITAL LP 80,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.56% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 9 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CHARLES H. PARKHURST - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 MASSACHUSETTS - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF CHARLES H. PARKHURST 113,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY CHARLES H. PARKHURST 20,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING CHARLES H. PARKHURST 113,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 CHARLES H. PARKHURST 20,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 CHARLES H. PARKHURST 133,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.93% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 10 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CHARLES H. PARKHURST, AS CUSTODIAN FOR CATHERINE PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 UNITED STATES - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF CHARLES H. PARKHURST, AS CUSTODIAN FOR CATHERINE PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT 10,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING CHARLES H. PARKHURST, AS CUSTODIAN FOR CATHERINE PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT 10,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 CHARLES H. PARKHURST, AS CUSTODIAN FOR CATHERINE PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT 10,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.07% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 11 OF 17 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CHARLES H. PARKHURST, AS CUSTODIAN FOR WILLIAM PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 UNITED STATES - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF CHARLES H. PARKHURST, AS CUSTODIAN FOR WILLIAM PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT 10,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING CHARLES H. PARKHURST, AS CUSTODIAN FOR WILLIAM PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT 10,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 CHARLES H. PARKHURST, AS CUSTODIAN FOR WILLIAM PARKHURST UNDER THE NEW YORK UNIFORM TRANSFERS TO MINORS ACT 10,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.07% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1. SECURITY AND ISSUER Securities acquired: Shares of Class A Common Stock Par value of $0.01 per share Issuer: Riscorp, Inc. One Sarasota Tower Suite 608 2 North Tamiami Trail Sarasota, Florida 34236 941-366-5015 ITEM 2. IDENTITY AND BACKGROUND This Amendment No. 1 to Schedule 13D (the "Schedule 13D") is being filed on behalf of Seth W. Hamot (SWH), Costa Brava Partnership II Limited Partnership, a Massachusetts limited partnership (CBII), Roark, Rearden & Hamot, Inc., a Massachusetts corporation (RRH), Seth W. Hamot, as custodian for Gideon B. Hamot under the Massachusetts Uniform Transfers to Minors Act (GBH), Steven M. Tannenbaum (SMT), Greenwood Capital Limited Partnership (GCLP), Greenwood Investments, Inc. (GI), Charles H. Parkhurst (CHP), Charles H. Parkhurst, as custodian for Catherine Parkhurst under the New York Uniform Transfers to Minors Act (CXP), Charles H. Parkhurst, as custodian for William Parkhurst under the New York Uniform Transfers to Minors Act (WXP), as an amendment to the initial statement on Schedule 13D filed with the Commission on September 29, 1998, on behalf of SWH, CBII, RRH, SMT, GCLP and GI. This Schedule 13D relates to shares of Class A Common Stock of the Issuer purchased by CBII, of which RRH is the general partner, SWH for his own account, GCLP, of which GI is the general partner, GBH for his own account, CHP for his own account, CXP for his own account and WXP for his own account. Roark, Rearden, & Hamot Inc., a Massachusetts corporation, is the general partner of CBII, and is located at 121-B Tremont Street, Brighton, MA 02155. Mr. Hamot is the principal of RRH. The principal occupation of Mr. Hamot is investment management, and he is a United States citizen. Greenwood Investments, Inc., a Delaware corporation, is the general partner of GCLP, and is located at 125 Country Club Rd., Newton, MA, 02159. Mr. Tannenbaum is the principal of GI. The principal occupation of Mr. Tannenbaum is investment management, and he is a United States citizen. The principal occupation of Mr. Parkhurst is investment management, and he is a United States citizen with an address of 93 Old Church Road, Greenwich, CT 06830. Neither RRH, CBII, SWH, GBH, SMT, GCLP, GI , CHP, CXP nor WXP has been convicted in a criminal proceeding during the last five years. Neither RRH, CBII, SWH, GBH, SMT, GCLP, GI, CHP, CXP nor WXP was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result thereof, subject to any judgement, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS As of April 6, 1999, CBII had invested $913,581.99, SWH had invested $51,913.73, GCLP had invested $125,891.00, GBH had invested $5,166.00, CHP had invested $201,993.25, CXP had invested $10,300.00, and WXP had invested $10,300.00 in shares of Class a Common Stock. The sources of all these funds were the working capital of each entity or personal funds of SWH, GBH , CHP, CXP and WXP. ITEM 4. PURPOSE OF TRANSACTION RRH, CBII, SWH, GBH, SMT, GCLP, GI, CHP, CXP and WXP acquired the Shares as an investment and with a view to making a profit. None of the Reporting Persons has any plans or proposals which relate to or would result in a) any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; b) any sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; c)any changes in the present manager of the Issuer; d) any change in the present capitalization of dividend policy of the issuer; e) any other material change in the Issuer's business or corporate structure; f) any change in the issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; g) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an interdealer quotation system of registered national securities association; h) causing a class of securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or i) any action similar to those enumerated in this sentence. The Reporting Persons are considering the commencement of litigation, under the legal theory of equitable subordination, against William D. Griffin, RISCORP Group Holding Company, L.P. and the William D. Griffin Family Limited Partnership (the general partners of which are Gryphus Company I and Gryphus Company II), which as a group own over 91% of the Class B shares of the Issuer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) - (b) As of April 6, 1998, SWH is the beneficial owner of 44,000 shares and may be deemed beneficial owner of 805,300 shares of Class A Common Stock of the Issuer or 5.65% of the shares outstanding; (ii) CBII is beneficial owner of and RRH may be deemed the beneficial owner of 756,300 shares of Class A Common Stock of the Issuer or 5.30% of the shares outstanding; (iii) GBH is the beneficial owner of 5,000 shares of Class A common stock of the Issuer or 0.04% of the shares outstanding; (iv) GCLP is beneficial owner of and GI and SMT may be deemed beneficial owner of 80,000 shares of Class A Common Stock of the Issuer or 0.56% of the shares outstanding; (v) CHP is the beneficial owner of 113,000 shares and may be deemed beneficial owner of 133,000 shares of Class A common stock of the Issuer or 0.93% of the shares outstanding; (vi) CXP is the beneficial owner of 10,000 shares of Class A common stock of the Issuer or 0.07% of the shares outstanding; and (vii) WXP is the beneficial owner of 10,000 shares of Class A common stock of the Issuer or 0.07% of the shares outstanding. The amount of shares beneficially owned has been computed in accordance with Rule 13d-3 under the Act. The percentage of beneficial ownership of SWH, CBII, GBH, GCLP, CHP, CXP and WXP on April 6, 1999 is based upon 14,258,671 outstanding shares of Common Stock as of March 19, 1999 as reported in the Issuer's Annual Report filed with the Commission on March 23, 1999.
NUMBER OF NUMBER OF AGGREGATE SHARES: SOLE NUMBER OF SHARES: SOLE NUMBER POWER TO SHARES: SHARED POWER TO APPROX. FILING PARTY OF SHARES VOTE POWER TO VOTE DISPOSE PERCENTAGE* - ------------------------------------------------------------------------------------------------------------- SWH 805,300 800,300 5,000 800,300 5.65% - ------------------------------------------------------------------------------------------------------------- CBII 756,300 756,300 756,300 5.30% - ------------------------------------------------------------------------------------------------------------- RRH 756,300 756,300 756,300 5.30% - ------------------------------------------------------------------------------------------------------------- GBH 5,000 5,000 5,000 0.04% - ------------------------------------------------------------------------------------------------------------- SMT 80,000 80,000 80,000 0.56% - ------------------------------------------------------------------------------------------------------------- GCLP 80,000 80,000 80,000 0.56% - ------------------------------------------------------------------------------------------------------------- GI 80,000 80,000 80,000 0.56% - ------------------------------------------------------------------------------------------------------------- CHP 133,000 113,000 20,000 113,000 0.93% - ------------------------------------------------------------------------------------------------------------- CXP 10,000 10,000 10,000 0.07% - ------------------------------------------------------------------------------------------------------------- WXP 10,000 10,000 10,000 0.07% - ------------------------------------------------------------------------------------------------------------- * Based upon 14,258,671 outstanding shares of Common Stock as of March 19, 1999 as reported in the Issuer's Annual Report filed with the Commission on March 23, 1999. - -------------------------------------------------------------------------------------------------------------
c) Transactions in the Issuer's securities by CBII, SWH, GBH, GCLP, CHP, CXP and WXP during the last sixty days. All transaction occurred on the NASDAQ OTC market.
DATE PURCHASE/SALE # OF SHARES PRICE PER SHARE ($) - ---------- --------------- ----------- ------------------- FOR CBII - ---------- 3/29/99 P 5,000 $1.25 3/28/99 P 5,000 $1.28 3/29/99 P 2,000 $1.38 3/29/99 P 3,000 $1.44 3/29/99 P 10,000 $1.47 FOR GBH - ---------- 3/8/99 P 2,500 $1.00 3/9/99 P 2,500 $1.00
FOR GCLP - -------- 3/10/99 P 2,500 $1.00 3/22/99 P 8,000 $1.44 3/22/99 P 4,500 $1.50 3/24/99 P 7,500 $1.41 3/25/99 P 1,000 $1.31 3/26/99 P 7,500 $1.19 3/29/99 P 9,000 $1.47 FOR CHP - ---------- 4/6/99 P 4,000 $1.49 4/6/99 P 5,000 $1.47 4/6/99 P 2,000 $1.49 4/6/99 P 3,000 $1.49 4/5/99 P 1,000 $1.40 4/5/99 P 4,000 $1.46 4/5/99 P 5,000 $1.46 4/5/99 P 1,000 $1.41 4/5/99 P 4,000 $1.47 4/1/99 P 2,000 $1.33 3/8/99 P 1,000 $1.02 3/3/99 P 1,000 $1.02 2/9/99 P 2,000 $1.02 2/10/99 P 1,000 $1.04
d) NA e) NA ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. NA ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 7(a): Joint Filing Agreement SIGNATURE After due inquiry, to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: April 15, 1999 /s/ Seth W. Hamot -------------------------------------------------------- Seth W. Hamot Costa Brava Partnership II Limited Partnership By: Roark, Rearden & Hamot, Inc., its general partner By: /s/ Seth W. Hamot -------------------------------------------- Seth W. Hamot Its: President Greenwood Capital Limited Partnership By: Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum -------------------------------------------- Steven M. Tannenbaum Its: President Roark, Rearden & Hamot, Inc. By: /s/ Seth W. Hamot -------------------------------------------- Seth W. Hamot Its: President /s/ Seth W. Hamot -------------------------------------------------------- Seth W. Hamot, as custodian for Gideon B. Hamot under the Massachusetts Uniform Transfers to Minors Act Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum -------------------------------------------- Steven M. Tannenbaum Its: President /s/ Steven M. Tannenbaum -------------------------------------------------------- Steven M. Tannenbaum /s/ Charles H. Parkhurst -------------------------------------------------------- Charles H. Parkhurst /s/ Charles H. Parkhurst -------------------------------------------------------- Charles H. Parkhurst, as custodian for Catherine Parkhurst under the New York Uniform Transfers to Minors Act /s/ Charles H. Parkhurst -------------------------------------------------------- Charles H. Parkhurst, as custodian for William Parkhurst under the New York Uniform Transfers to Minors Act EXHIBIT 7(a) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Class A Common Stock of Riscorp, Inc. and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts. In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 15th day of April, 1999 /s/ Seth W. Hamot ------------------------------------------------------------ Seth W. Hamot Costa Brava Partnership II Limited Partnership By: Roark, Rearden & Hamot, Inc., its general partner By: /s/ Seth W. Hamot -------------------------------------------- Seth W. Hamot Its: President Greenwood Capital Limited Partnership By: Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum -------------------------------------------- Steven M. Tannenbaum Its: President Roark, Rearden & Hamot, Inc. By: /s/ Seth W. Hamot -------------------------------------------- Seth W. Hamot Its: President /s/ Seth W. Hamot -------------------------------------------------------- Seth W. Hamot, as custodian for Gideon B. Hamot under the Massachusetts Uniform Transfers to Minors Act Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum -------------------------------------------- Steven M. Tannenbaum Its: President /s/ Steven M. Tannenbaum -------------------------------------------------------- Steven M. Tannenbaum /s/ Charles H. Parkhurst -------------------------------------------------------- Charles H. Parkhurst /s/ Charles H. Parkhurst -------------------------------------------------------- Charles H. Parkhurst, as custodian for Catherine Parkhurst under the New York Uniform Transfers to Minors Act /s/ Charles H. Parkhurst -------------------------------------------------------- Charles H. Parkhurst, as custodian for William Parkhurst under the New York Uniform Transfers to Minors Act -----END PRIVACY-ENHANCED MESSAGE-----