-----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, HY2jaCi4hmUxr7XXSQe3kVqsNPZ7R4nVj/kjkvkx2BASzhWIhMZ5OvGPv8zSInIp GhiBN4RTSGqe/A9LI5M7pg== 0000905718-96-000217.txt : 19960906 0000905718-96-000217.hdr.sgml : 19960906 ACCESSION NUMBER: 0000905718-96-000217 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960904 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIBERTE INVESTORS INC CENTRAL INDEX KEY: 0001017907 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] IRS NUMBER: 751328153 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46759 FILM NUMBER: 96625722 BUSINESS ADDRESS: STREET 1: 600 N PEARL STREET 2: SUITE 420 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2147208950 MAIL ADDRESS: STREET 1: 600 N PEARL SUITE 420 CITY: DALLAS STATE: TX ZIP: 75201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HALIS JEFFREY S CENTRAL INDEX KEY: 0000900202 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 500 PARK AVE 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127585106 MAIL ADDRESS: STREET 1: 500 PARK AVE 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 13D FOR LIBERTE INVESTORS SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE l3D Under the Securities Exchange Act of 1934 (Amendment No. 1)* LIBERTE INVESTORS - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 530152107 - -------------------------------------------------------------------------------- (CUSIP Number) with a copy to: Jeffrey S. Halis Robert G. Minion, Esq. 500 Park Avenue Lowenstein, Sandler, Kohl, Fifth Floor Fisher & Boylan, P.C. New York, New York 10022 65 Livingston Avenue (212) 486-4794 Roseland, New Jersey 07068 (201) 992-8700 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 16, 1996 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G 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 this 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 less than five percent of such class. See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule l3d-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). 1) Names of Reporting Persons (S.S. or I.R.S. Identification Nos. of Above Persons): Jeffrey S. Halis ###-##-#### 2) Check the Appropriate Box if a Member of a Group (See Instructions): (a) Not (b) Applicable 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): Not Applicable 6) Citizenship or Place of Organization: United States Number of 7) Sole Voting Power: 597,400* -------------------------------------------- Shares Beneficially 8) Shared Voting Power: 0 ------------------------------------------- Owned by Each Reporting 9) Sole Dispositive Power: 597,400* -------------------------------------------- Person With: 10) Shared Dispositive Power: 0 ------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 597,400* 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable 13) Percent of Class Represented by Amount in Row (11): 2.9%* 14) Type of Reporting Person (See Instructions): IA, IN * 531,000 shares (2.6%) of Liberte Investors common stock are owned by Tyndall Partners, L.P., a Delaware limited partnership. 66,400 shares (0.3%) of Liberte Investors common stock are owned by Madison Avenue Partners, L.P., a Delaware limited partnership. Pursuant to the Agreement of Limited Partnership of each of Tyndall Partners, L.P. and Madison Avenue Partners, L.P., Jeffrey S. Halis possesses sole voting and investment control over all securities owned by each of Tyndall Partners, L.P. and Madison Avenue Partners, L.P., respectively. See Item 5 for further information on the computation of percentages set forth herein. Item 5. Interest in Securities of the Issuer. Based upon information provided by management of Liberte Investors, as of August 16, 1996 there were issued and outstanding 20,256,097 shares of common stock of Liberte Investors. As of August 16, 1996, Tyndall Partners, L.P. owned 531,000 of such shares, or 2.9% of those outstanding, and Madison Avenue Partners, L.P. owned 66,400 of such shares, or 0.3% of those outstanding. Jeffrey Halis possesses sole power to vote and direct the disposition of all shares of common stock of Liberte Investors owned by each of Tyndall Partners, L.P. and Madison Avenue Partners, L.P. The following table details the transactions by each of Tyndall Partners, L.P. and Madison Avenue Partners, L.P. in shares of common stock of Liberte Investors during the past sixty days: A. Tyndall Partners, L.P. Date Quantity Price (Purchases) NONE (Sales) August 15, 1996 2,400 $4.00 August 16, 1996 15,100 $4.00 B. Madison Avenue Partners, L.P. Date Quantity Price (Purchases) NONE (Sales) August 16, 1996 2,500 $4.00 As of August 16, 1996, Jeffrey S. Halis ceased to be the beneficial owner of more than five percent of the common stock of Liberte Investors. Signature After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. August 30, 1996 /s/ Jeffrey S. Halis _________________________________________ Jeffrey S. Halis, as a general partner of Halo Capital Partners, L.P., the general partner of each of Tyndall Partners, L.P. and Madison Avenue Partners, L.P. ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----