-----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, JZ98Zu9L+NTls5Ez+iEEo4AaC1Cn0YNYSgEBsGY/iQe6VlCF267OTNp5iByOx6YR kbkyJv8k09N2G0mlrACkzQ== 0000903112-96-000052.txt : 19960202 0000903112-96-000052.hdr.sgml : 19960202 ACCESSION NUMBER: 0000903112-96-000052 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19960201 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FALCON CABLE SYSTEMS CO CENTRAL INDEX KEY: 0000783008 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 954108170 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-37884 FILM NUMBER: 96510108 BUSINESS ADDRESS: STREET 1: 10900 WILSHIRE BLVD 15TH FL CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 3108249990 MAIL ADDRESS: STREET 1: 10900 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UNOFFICIAL UNITHOLDER OVERSIGHT COMM OF FALCON CABLE SYS CO CENTRAL INDEX KEY: 0001007015 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: BAUPOST GROUP INC ATTN ABNER B KURTIN STREET 2: 44 BRATTLE ST P O BOX 389125 CITY: CAMBRIDGE STATE: MA ZIP: 02238 BUSINESS PHONE: 6174976680 MAIL ADDRESS: STREET 1: BAUPOST GROUP INC ATTN ABNER B KURTIN STREET 2: 44 BRATTLE ST P O BOX 389125 CITY: CAMBRIDGE STATE: MA ZIP: 02238 SC 13D 1 SCHEDULE 13 D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ____)*1 FALCON CABLE SYSTEMS COMPANY - ------------------------------------------------------------------------------ (Name of Issuer) UNITS OF LIMITED PARTNERSHIP INTEREST - ------------------------------------------------------------------------------ (Title of Class of Securities) 305902108 - ------------------------------------------------------------------------------ (CUSIP Number) Unofficial Unitholder Oversight Committee of Falcon Cable Systems Company c/o Abner B. Kurtin, The Baupost Group, Inc. 44 Brattle Street, P.O. Box 389125 Cambridge, Massachusetts 02238-9125 Tel.: (617) 497-6680 with a copy to: Charles H. Baker, Esq. Battle Fowler LLP 75 East 55th Street New York, New York 10022 Tel.: (212) 856-7000 - ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 29, 1996 - ------------------------------------------------------------------------------ (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 /X/. (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 securitiesfdescribedbin Item 1;eand (2) hasafiledtn tamendmentesubsequent 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). - -------- 1 This initial filing on Schedule 13D, filed on behalf of the collective reporting persons hereunder, amends the Schedule 13D of Cumberland Associates, dated May 20, 1993 and filed with the Commission on May 21, 1993. 330465.3 - ---------------------- --------------------- CUSIP No. 305902108 SCHEDULE 13D Page 2 of 64 Pages - ---------------------- --------------------- - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cumberland Associates - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC & OO - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------------- 8 SHARED VOTING POWER2 None -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 349,300 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 18,900 - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 368,200 - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11)2 5.75% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------ - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 3 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard Reiss, Jr. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF & OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 8,200 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 368,200 --------------------------------------------------------------- 9 DISPOSITIVE POWER2 8,200 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 368,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 376,400 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.9% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ----------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 4 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Andrew Wallach - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF & OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 2,500 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------------- 8 SHARED VOTING POWER2 368,200 -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 2,500 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 368,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 370,700 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------ 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 5 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON K. Tucker Andersen - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United State - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 368,200 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 368,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 368,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.75% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - --------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - ---------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 6 of 64 Pages - ---------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Oscar S. Schafer - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS EQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 368,200 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 368,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 368,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.75% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - ---------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 7 of 64 Pages - ---------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bruce G. Wilcox - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS EQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 368,200 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 368,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 368,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.75% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 8 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Eleanor Poppe - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZA ION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 368,200 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 368,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 368,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.75% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ----------------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 9 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Glenn Krevlin - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIA LY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 368,200 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 368,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 368,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.75% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - --------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 10 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Baupost Group, Inc. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC & OO - ------------------------------------------------------------------------------- 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 P WER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 500,200 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 500,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 500,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 7.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO & IA - ------------------------------------------------------------------------------- - ------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 11 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Baupost Partners - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC & OO - ------------------------------------------------------------------------------- 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 POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 341,400 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 341,400 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 341,400 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 b low. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 5.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN & IA - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 12 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Seth A. Klarman - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 500,200 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 500,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 500,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 7.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* [IN] - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 13 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Harvest Capital, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 83,900 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 None --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 83,900 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 None - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 83,900 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 1.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 14 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Harvest Investment Management, Inc. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC & OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 67,300 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 18,800 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 67,300 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 18,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 86,100 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 1.35% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- - --------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 15 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pine Harvest Partners, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 18,800 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 None --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 18,800 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 None - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 18,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY MOUNT IN ROW (11)2 0.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 16 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Harvest Advisors, L.L.C. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 18,800 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 18,800 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 18,800 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 0.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 17 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LDB Corp. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 83,900 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 83,900 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 83,900 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 1.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 18 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Laurence D. Belfer - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 83,900 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 83,900 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 83,900 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN R W (11)2 1.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 19 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON J. Morgan Rutman - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 83,900 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 83,900 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 83,900 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 1.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 20 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Marjorie Gochberg Kellner - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 83,900 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 83,900 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 83,900 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 1.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 21 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Tweedy, Browne Company L.P. ("TBC") - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 TBC has sole voting power with respect to 264,320 Units NUMBER OF held in accounts over which TBC has investment discretion. SHARES Additionally certain general partners of TBC may be deemed BENEFICIALLY to have sole power to vote certain Units as more fully OWNED BY set forth herein. EACH REPORTING ---------------------------------------------------------------- PERSON WITH 8 SHARED VOTING POWER2 None --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None, except that certain of the general partner of TBC may be deemed to have sole power to dispose of certain Units as more fully set forth herein. --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 290,040 Units held in accounts of TBC. - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 290,040 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 4.5% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN, BD & IA - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 22 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Christopher H. Browne - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTIN POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 264,320 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 290,040 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 290,040 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 4.5% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 21 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William H. Browne - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 264,320 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 290,040 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 290,040 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ See footnote 2 below - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 4.5% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - ------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 24 of 64 Pages - --------------------- ---------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John D. Spears - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ------------------------------------------------------------------------------- 5 HECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER2 None NUMBER OF SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 264,320 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 None --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 290,040 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 290,040 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BYTYPEUOF REPORTING1PERSON* 4.5% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 - --------------------- ---------------------- CUSIP No. 305902108 SCHEDULE 13D Page 25 of 64 Pages - --------------------- ---------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Arthur Zankel - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF & OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POW R2 50,000 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER2 39,500 --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER2 50,000 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER2 39,500 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON2 89,500 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X / See footnote 2 below. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)2 1.4% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- - -------------- 2 Pursuant to Rule 13d-5, the collective reporting persons under this Schedule 13D shall be deemed to have acquired beneficial ownership, for purposes hereof, of all equity securities of the issuer beneficially owned by all such persons, which securities aggregate 1,428,640 in amount and constitute approximately 22.33% of the class represented. See Item 5. * SEE INSTRUCTIONS BEFORE FILLING OUT! 330465.3 Item 1. Security and Issuer This statement relates to units of limited partnership interest (the "Units") of Falcon Cable Systems Company, a California limited partnership (the "Partnership"), which has its principal executive offices at 10900 Wilshire Boulevard, 15th Floor, Los Angeles, California 90024. Item 2. Identity and Background (a)-(c), (f). This statement is being filed by (i) Cumberland Associates, a New York limited partnership ("Cumberland"), (ii) Richard Reiss, Jr. ("Reiss"), (iii) Andrew Wallach ("Wallach"), (iv) K. Tucker Andersen ("Andersen"), (v) Oscar S. Schafer ("Schafer"), (vi) Bruce G. Wilcox ("Wilcox"), (vii) Eleanor Poppe ("Poppe"), (viii) Glenn Krevlin ("Krevlin"), (ix) The Baupost Group, Inc., a Massachusetts corporation ("Baupost Group"), (x) Baupost Partners, a Massachusetts general partnership ("Baupost Partners"), (xi) Seth A. Klarman ("Klarman"), (xii) Harvest Capital, L.P., a Delaware limited partnership ("Harvest Capital"), (xiii) LDB Corp., a Delaware corporation ("LDB"), (xiv) Laurence D. Belfer ("Belfer"), (xv) J. Morgan Rutman ("Rutman"), (xvi) Marjorie Gochberg Kellner ("Kellner"), (xvii) Harvest Investment Management, Inc., a Delaware corporation ("Harvest Management"), (xviii) Pine Harvest Partners, L.P., a Delaware limited partnership ("Pine Harvest"), (xix) Harvest Advisors, L.L.C., a Delaware limited liability company ("Harvest Advisors"), (xx) Tweedy, Browne Company L.P., a Delaware limited partnership ("TBC"), (xxi) Christopher H. Browne ("C.H. Browne"), (xxii) William H. Browne ("W.H. Browne"), (xxiii) John D. Spears ("Spears"), and (xxiv) Arthur Zankel ("Zankel"). Cumberland, Reiss, Wallach, Andersen, Schafer, Wilcox, Poppe, and Krevlin are sometimes collectively referred to herein as the "Cumberland Entities." Baupost Group, Baupost Partners and Klarman are sometimes collectively referred to herein as the "Baupost Entities." Harvest Capital, LDB, Belfer, Rutman, Kellner, Harvest Management, Pine Harvest and Harvest Advisors are sometimes collectively referred to herein as the "Harvest Entities." TBC, C.H. Browne, W.H. Browne and Spears are sometimes collectively referred to herein as the "TBC Entities." The Cumberland Entities, the Baupost Entities, the Harvest Entities, the TBC Entities and Zankel are sometimes collectively referred to herein as the "Reporting Persons." The principal business of Cumberland is managing, on a discretionary basis, nine securities accounts, the principal one of which is Cumberland Partners. The address of the principal business and principal office of Cumberland is 1114 Avenue of the Americas, New York, New York 10036. Reiss, Wallach, Andersen, Schafer, Wilcox, Poppe and Krevlin are the general partners (the "Cumberland GPs") of Cumberland. The present principal occupation or employment of each of the Cumberland GPs is serving as general partner of Cumberland. The business address of each of the Cumberland GPs is c/o Cumberland Associates, 1114 Avenue of the Americas, New York, New York 10036. Each of the Cumberland GPs is a citizen of the United States of America. Page 26 of 64 330465.3 The principal business of Baupost Group is acting as general partner of several Massachusetts investment limited partnerships and as investment adviser and manager of The Baupost Fund, a Massachusetts business trust ("Baupost Fund"). The principal business of Baupost Partners is acting as general partner and investment adviser of four Massachusetts investment partnerships. The present principal occupation or employment of Mr. Klarman is that of President and Managing Director of Baupost Group, President and Trustee of Baupost Fund, and general partner of Baupost Partners and several Massachusetts investment partnerships. The address of the principal business and principal office of each of the Baupost Entities is 44 Brattle Street, 2nd Floor, P.O. Box 389125, Cambridge, Massachusetts 02238- 9125. The present principal occupations or employments of the directors and executive officers of Baupost Group, and the principal businesses and addresses of any corporations or other organizations in which such employment is conducted, are set forth on Schedule I hereto. The present principal occupations or employments of each of the general partners of Baupost Partners (the "Baupost Partners GPs"), and the principal businesses and addresses of any corporations or other organizations in which such employment is conducted, are set forth on Schedule I hereto. Klarman and each of the persons listed on Schedule I hereto as a director, executive officer or general partner of a Baupost Entity is a citizen of the United States of America. The principal business of Harvest Capital is managing investment accounts. The general partners of Harvest Capital are LDB, Rutman and Kellner. The sole director, executive officer and controlling shareholder of LDB is Belfer. The principal business of Harvest Management is managing, on a discretionary basis, securities accounts. The directors and executive officers of Harvest Management are Belfer, Rutman and Kellner. The principal business of Pine Harvest is managing investment accounts. The general partners of Pine Harvest are Harvest Management and Harvest Advisors. The members of Harvest Advisors are Belfer, Rutman and Kellner. The present principal occupations or employments of Belfer, Rutman and Kellner, and the principal businesses and addresses of any corporations or other organizations in which such employment is conducted, are set forth on Schedule I hereto. The present address of the present principal business and principal office of each of the Harvest Entities is 767 Fifth Avenue, 46th Floor, New York, New York 10153. Belfer, Rutman and Kellner are each a citizen of the United States of America. TBC is engaged primarily in the business of a securities broker and dealer and investment adviser, is registered as a broker-dealer and investment adviser with the Securities and Exchange Commission, and is a member of the National Association of Securities Dealers, Inc. The address of the principal business and principal office of TBC is 52 Vanderbilt Avenue, New York, New York 10017. The general partners of TBC are C.H. Browne, W.H. Browne and Spears ( the "TBC GPs"). The present principal occupations or employments of each of the TBC GPs is serving as general partner of TBC, TBK Partners, L.P., a Delaware limited partnership ("TBK"), and Vanderbilt Partners, L.P., a Delaware limited partnership ("VPLP"). The principal business of each TBK and VPLP is investing in securities for their respective accounts. The business address of each of the TBC GPs, TBK and VPLP is 52 Vanderbilt Avenue, New York, New York 10017. Each of the TBC GPs is a citizen of the United States of America. Page 27 of 64 330465.3 Zankel's business address is c/o First Manhattan Co., 437 Madison Avenue, New York, New York 10022. The present principal occupation or employment of Zankel is serving as a general partner of First Manhattan Co., an investment management and securities brokerage firm. The principal business address of First Manhattan Co. is 437 Madison Avenue, New York, New York 10022. Zankel is a citizen of the United States of America. (d) and (e). During the last five years, no Reporting Person and no person listed on Schedule I has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been 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. Information contained herein with respect to each Reporting Person is given solely by such Reporting Person, and no other Reporting Person has responsibility for the accuracy or completeness of information supplied by such other Reporting Person. Item 3. Source and Amount of Funds or Other Consideration As of the date hereof, Cumberland had acquired a total of 368,200 Units for an aggregate consideration of approximately $1,942,906. Of that amount, Cumberland invested approximately $1,853,037 on behalf of Cumberland Partners and approximately $89,869 on behalf of one of Cumberland's other managed accounts. The source of funds for the purchase of all such Units by Cumberland was a combination of investment capital contributed by Cumberland Partners and the other managed account, and margin borrowings through the margin accounts of the managed account holder maintained with Morgan Stanley & Co. Incorporated. By virtue of Rule 13d-3 under the Act ("Rule 13d-3"), each of the Cumberland GPs may be deemed to beneficially own all of the Units purchased by Cumberland on behalf of Cumberland Partners and the other managed account. Therefore, each of the Cumberland GPs may be deemed to have invested the aggregate amount of funds specified in the first sentence of this paragraph. In addition to 368,200 Units with respect to which Reiss and Wallach, as Cumberland GPs, may be deemed to beneficially own, as of the date hereof, Wallach directly owned 2,500 Units and Reiss beneficially owned (directly or through an individual retirement account) 8,200 Units. Wallach acquired his 2,500 Units for an aggregate consideration of approximately $20,968, all of which was from personal funds. Reiss acquired his 8,200 Units for an aggregate consideration of approximately $67,980, all of which was from personal funds. As of the date hereof, the Baupost Entities had acquired a total of 500,200 Units for an aggregate consideration, including brokerage commissions, of approximately $5,059,773. Of the amount specified in the first sentence, as of the date hereof, Baupost Partners had acquired a total of 341,400 Units for an aggregate consideration, including brokerage commissions, of approximately $3,686,100. The Units beneficially owned by Baupost Partners were purchased with investment funds obtained from working capital of several Massachusetts investment limited partnerships. By virtue of Rule 13d-3, each of the Baupost Partners GPs may Page 28 of 64 330465.3 be deemed to beneficially own all of the Units purchased by Baupost Partners and the other accounts managed by Baupost Partners. Therefore, each of the Baupost Partners GPs may be deemed to have invested the aggregate amount of funds specified in the second sentence of this paragraph. In addition to 341,400 Units with respect to which Baupost Group and Klarman, each as a Baupost Partners GP, may be deemed to beneficially own, as of the date hereof, Baupost Group and Klarman had acquired an additional 158,800 Units for an aggregate consideration, including brokerage commissions, of approximately $1,373,673. The Units beneficially owned by Baupost Group and Klarman were purchased with investment funds from working capital of several Massachusetts investment limited partnerships and Baupost Fund. As of the date hereof, the Harvest Entities had acquired a total of 170,000 Units for an aggregate consideration of approximately $1,447,008. Of the amount specified in the first sentence, Harvest Capital had acquired a total of 83,900 Units for an aggregate consideration, including brokerage commissions, of approximately $705,103. The Units beneficially owned by Harvest Capital were purchased from working capital. By virtue of Rule 13d-3, each of LDB, Rutman and Kellner, as general partners of Harvest Capital, may be deemed to own all of the Units purchased by Harvest Capital and may be deemed to have invested the amount of funds specified above for the acquisition of such Units. Of the amount specified in the first sentence, Pine Harvest had acquired a total of 18,800 Units for an aggregate consideration, including brokerage commissions, of approximately $146,538. The Units beneficially owned by Pine Harvest were purchased from working capital. By virtue of Rule 13d-3, each of Harvest Management and Harvest Advisors, as general partners of Pine Harvest, may be deemed to own all of the Units purchased by Pine Harvest and may be deemed to have invested the amount of funds specified above for the acquisition of such Units. In addition to 18,800 Units with respect to which Harvest Management, as a general partner of Pine Harvest, may be deemed to beneficially own, as of the date hereof, Harvest Management had acquired an additional 67,300 Units for an aggregate consideration, including brokerage commissions, of approximately $595,457. The source of funds for the purchase of the 67,300 Units by Harvest Management was funds on hand from managed accounts. As of the date hereof, the number of Units with respect to which TBC may be deemed to beneficially own is 290,040 Units, all of which Units were purchased in open market transactions. The aggregate consideration, including brokerage commissions, of the Units beneficially owned by TBC was approximately $3,528,830. The source of funds for the purchase of all such Units came from the funds on hand in each individual managed account and in certain instances from standard margin account borrowings from brokerage accounts maintained at Fleet Clearing Corporation. By virtue of Rule 13d-3, each of the TBC GPs may be deemed to beneficially own all of the Units purchased by the accounts managed by TBC. As of the date hereof, Zankel had acquired 89,500 Units for an aggregate consideration, including brokerage commissions, of approximately $806,074. The source of funds for the purchase of all such Units was personal funds and funds on hand from accounts managed by First Manhattan Co. Page 29 of 64 330465.3 Item 4. Purpose of Transaction Each of the Reporting Persons acquired its respective Units in order to obtain an equity interest in the Partnership for investment purposes. The information set forth under "Item 5. Other Information" of the Partnership's Quarterly Report on Form 10-Q for the period ended September 30, 1995 (the "September Form 10-Q"), a copy of which is attached to this Schedule 13D as Exhibit I, is herein incorporated by reference. On January 29, 1996, certain of the Reporting Persons formed the Unofficial Unitholder Oversight Committee (the "Committee") of the Partnership in order to provide Unitholder representation and oversight as the Partnership prepares for its scheduled termination on December 31, 1996 and to communicate with the Partnership, the General Partner, the Advisory Committee, and the appraisers participating in the Appraisal Process. Specifically, the Committee intends to monitor, review and audit the Appraisal Process, the Proposal, the Exchange and any other related transactions between the Partnership, the General Partner and any affiliates (i) to promote the full and fair value of the Partnership's Units and the economic interests of Unitholders generally, and (ii) to review any proposal by the General Partner of an amendment or modification of the Partnership Agreement to determine if any such proposal is in the best interests of Unitholders. Although the Committee intends to act generally with regard to the best interests of Unitholders as a whole, the Committee does not, nor shall it be deemed or construed to, specifically act for or on behalf of any other person or entity, including Unitholders that are not members of the Committee, for any purpose whatsoever. The members of the Committee include Baupost Group, Cumberland, Harvest Capital and TBC. The Reporting Persons may be deemed to constitute a "group" by virtue of their collective retention of legal counsel and their intention to communicate with each other, other Unitholders of the Partnership, the Partnership and the General Partner, and from time to time, to take certain other concerted actions as they may deem necessary or desirable in connection with the Committee's purposes. Each of the Reporting Persons will act independently with respect to the voting of Units and there is no agreement or understanding among the members of the Committee or the Reporting Persons with respect to the purchase, sale or voting, or refraining from purchasing, selling, or voting, Units of the Partnership. Each member of the Committee reserves the right to cease its participation as a member of the Committee at any time. The Reporting Persons individually intend to review on a continuing basis their respective investments in the Units and may, subject to the continuing evaluation of numerous factors, including, among other things, the availability of Units for purchase and the price levels of such Units, general market and economic conditions, ongoing evaluation of the Partnership's business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, the actions of the Partnership, the General Partner and their respective affiliates with respect to the Partnership's assets (including the Proposal and the Exchange), and other future developments, acquire from time to time additional Units, or retain or sell all or a portion of their respective holdings of Units, in the open market or in privately Page 30 of 64 330465.3 negotiated transactions. Any open market or privately negotiated purchases or sales may be made at any time. Although the foregoing reflects activities currently contemplated by the Reporting Persons and the Committee with respect to the Partnership, the foregoing is subject to change at any time, and there can be no assurance that the Reporting Persons or the Committee will take any of the actions referred to above or take other actions not described herein. Except as set forth above and in Item 6, none of the Reporting Persons has any present plans or intentions that would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in the Securities of the Issuer (a) and (b) Pursuant to Rule 13d-5, the Reporting Persons shall be deemed to have acquired beneficial ownership, as of January 29, 1996, of the Units beneficially owned by all such persons. As of the date hereof, the Reporting Persons beneficially owned an aggregate of 1,428,640 Units, which constitutes approximately 22.33% of the outstanding Units.* Such Unit ownership was held by the respective Reporting Persons as set forth below. As of the date hereof, Cumberland beneficially owned 368,200 Units, which constitutes approximately 5.75% of the outstanding Units. Cumberland has the sole power to dispose or direct the disposition of 349,300 Units and shares the power to dispose or direct the disposition of an additional 18,900 Units. Cumberland has no voting power with respect to the Units. Pursuant to Rule 13d-3, each of the Cumberland GPs may, by virtue of his or her position as a general partner of Cumberland, be deemed to beneficially own the Units held by Cumberland. In addition to the 368,200 Units which Wallach, as a Cumberland GP, may be deemed to beneficially own, as of the date hereof, Wallach has the sole power to vote or direct the vote, or to dispose or direct the disposition, of 2,500 additional Units which he owns directly (the "Wallach Units"). Together with Units Wallach may be deemed to beneficially own as a Cumberland GP, Wallach may be deemed to beneficially own an aggregate of 370,700 Units, which constitutes approximately 5.8% of the outstanding Units. In addition to the 368,200 Units which Reiss, as a Cumberland GP, may be deemed to beneficially own, as of the date hereof, Reiss has the sole power to vote or direct the vote, or to dispose or direct the disposition, of 8,200 additional Units which he owns directly or through his individual retirement account (the "Reiss Units"). Together with Units Reiss may be deemed to beneficially own as a Cumberland GP, Reiss may be deemed to beneficially own an aggregate of 376,400 Units, which constitutes approximately 5.9% of the outstanding Units. Neither the filing of this Schedule 13D nor any of its contents shall be deemed an admission that Cumberland is the beneficial owner of the Wallach Units or the Reiss Units and Cumberland expressly disclaims beneficial ownership of the Wallach Units and the Reiss Units. The foregoing does not reflect 950 Units owned by Reiss' spouse through her individual retirement account and Keogh plan, 3,600 Units owned - -------- * All calculations of percentages of beneficial ownership in this Schedule 13D are based on there being 6,398,913 Units outstanding, as of September 30, 1995, as disclosed in the Partnership's Quarterly Report on Form 10-Q, for the period ended September 30, 1995. Page 31 of 64 330465.3 directly by Reiss' adult daughter, and 4,600 Units held in trust for the benefit of Reiss' children; Reiss exercises no voting or dispositive power with respect to such Units and expressly disclaims beneficial ownership with respect thereto. As of the date hereof, Baupost Group may be deemed to beneficially own, by reason of the provisions of Rule 13d-3, 500,200 Units held by several Massachusetts investment limited partnerships and Baupost Fund, which constitutes approximately 7.8% of the outstanding Units. Baupost Group owns directly no Units. Baupost Partners may be deemed to beneficially own, by reason of the provisions of Rule 13d-3, 341,400 Units held by several Massachusetts investment limited partnerships, which constitutes approximately 5.3% of the outstanding Units. Pursuant to Rule 13d-3, each of the Baupost Partners GPs may, by virtue of his, her or its position as a general partner of Baupost Partners, be deemed to beneficially own the Units held by Baupost Partners. Baupost Partners owns directly no Units. Klarman may be deemed to beneficially own, by reason of the provisions of Rule 13d-3, 500,200 Units held by several Massachusetts investment limited partnerships and Baupost Fund, which constitutes approximately 7.8% of the outstanding Units. Klarman owns directly no Units. In the aggregate, the Baupost Entities beneficially own an aggregate of 500,200 Units, which constitutes approximately 7.8% of the outstanding Units. As described above, the Baupost Entities have shared power to vote and dispose of Units held by various Massachusetts investment limited partnerships and Baupost Fund. As of the date hereof, Harvest Capital beneficially owned 83,900 Units, which constitutes approximately 1.3% of the outstanding Units. Harvest Capital has the sole power to vote or direct the vote, or to dispose or direct the disposition, of the 83,900 Units it owns directly. Pursuant to Rule 13d-3, each of LDB, Rutman and Kellner may, by virtue of his, her or its position as a general partner of Harvest Capital, be deemed to beneficially own the Units held by Harvest Capital. Pursuant to Rule 13d-3, Belfer may, by virtue of being the controlling shareholder of LDB, a general partner of Harvest Capital, be deemed to beneficially own the Units held by Harvest Capital. As of the date hereof, Pine Harvest beneficially owned 18,800 Units, which constitutes approximately 0.3% of the outstanding Units. Pine Harvest has the sole power to vote or direct the vote, or to dispose or direct the disposition, of the 18,800 Units it owns directly. Pursuant to Rule 13d-3, Harvest Management and Harvest Advisors may, by virtue of their positions as general partners of Pine Harvest, be deemed to beneficially own the Units held by Pine Harvest. In addition to the 18,800 Units which Harvest Management, as a general partner of Pine Harvest, may be deemed to beneficially own, as of the date hereof, Harvest Management has the sole power to vote or direct the vote, or to dispose or direct the disposition, of 67,300 additional Units which are held investment accounts it manages. Together with Units Harvest Management may be deemed to beneficially own as a general partner of Pine Harvest, Harvest Management may be deemed to beneficially own an aggregate of 86,100 Units, which constitutes approximately 1.35% of the outstanding Units. Harvest Management owns directly no Units. In the aggregate, the Harvest Entities beneficially own an aggregate of 170,000 Units, which constitutes approximately 2.7% of the outstanding Units. As described above, various of the Harvest Entities have shared power to vote and dispose of Units held by limited partnerships and managed accounts. As of the date hereof, TBC may be deemed to be the beneficial owner of 290,040 Units, which constitutes approximately 4.5% of the outstanding Units. Such Units are held in Page 32 of 64 330465.3 accounts over which TBC has investment discretion. Neither the filing of this Schedule 13D nor any of its contents shall be deemed an admission that TBC is the beneficial owner of any of the Units held in such accounts and TBC expressly disclaims beneficial ownership of any of such Units. Pursuant to Rule 13d-3, the TBC GPs may be deemed to be the beneficial owner of the Units held by TBC by reason of being general partners of TBC. However, nothing contained herein shall be construed as an admission that any of the TBC GPs is the beneficial owner of any of the Units held by TBC and the TBC GPs expressly disclaim beneficial ownership of any of such Units. TBC has investment discretion with respect to 290,040 Units and has the power to dispose or direct the disposition of all such Units. Of these Units, TBC has the sole power to vote or direct the voting of 264,320 Units. As of the date hereof, Zankel may be deemed to be the beneficial owner, by reason of the provisions of Rule 13d-3, of 89,500 Units, which constitutes approximately 1.4% of the outstanding Units. Zankel has the sole power to vote or direct the vote, or to dispose or direct the disposition, of the 50,000 Units he owns directly. In addition, pursuant to Rule 13d-3, Zankel may be deemed to be the beneficial owner of the 39,500 Units held in accounts of First Manhattan Co., an investment management and securities brokerage firm which has voting power and investment discretion over managed accounts, in which Zankel is a general partner. Except as set forth above, neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of any of the Units owned by another Reporting Person for purposes of Section 13(d) of the Act or for any other purpose, and each Reporting Person expressly disclaims beneficial ownership of Units beneficially owned by any other Reporting Person. (c) Schedule II attached hereto sets forth a list of each transaction in Units effected by the respective Reporting Persons since November 29, 1995. (d) With respect to any Reporting Person who manages investment accounts, to the best knowledge of such Reporting Person, each of the persons maintaining such an account has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Units held in said person's account. Except as otherwise described in this Item 5(d), no other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Units beneficially owned by any of the Reporting Persons. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer The information set forth in Item 3 and Item 4 above is hereby incorporated by reference herein. The Cumberland Entities, the Baupost Entities, the Harvest Entities, TBC and Zankel have orally agreed to contribute, generally on a pro rata basis based on the number of Units owned, funds to defray the expenses of the Committee's efforts in furtherance of its purposes; Page 33 of 64 330465.3 it is contemplated that other Unitholders may subsequently join as members of the Committee and/or contribute funds to the Committee to defray the expenses of the Committee's efforts in furtherance of its purposes. On January 29, 1996, the Partnership and the Committee executed a letter agreement (the "Letter Agreement"), a copy of which is attached to this Schedule 13D as Exhibit II and is incorporated herein by reference, pursuant to which the Partnership agreed (i) to pay for fifty percent (50%) of the Committee's legal fees and disbursements, up to a maximum amount to be paid by the Partnership of $50,000, and (ii) to provide to the Committee, from time to time as requested by the Committee, reasonable access to such documents and information as the Partnership deems appropriate (including copies thereof), including, but not limited to, documents and other information provided to the appraisers participating in the Appraisal Process. No portion of such funds may be drawn down or applied against services rendered by the Committee's legal counsel specifically for the purpose of commencing litigation or otherwise in connection with actual litigation against the Partnership or any of its affiliates. In addition, pursuant to the Letter Agreement, the Committee agreed to keep confidential Partnership information furnished to the Committee by the Partnership, except for certain information which the Committee may obtain by other means, as more fully described in the Letter Agreement. The Letter Agreement may be terminated by the Partnership to the extent the Committee explicitly threatens or commences litigation proceedings against the Partnership or any of its affiliates, or if the members of the Committee and their respective affiliates cease to own in the aggregate at least 50% of the number of Units owned by them as of January 29, 1996. The Reporting Persons have agreed to jointly file this Schedule 13D pursuant to a written agreement, a copy of which is attached to this Schedule 13D as Exhibit III and is incorporated herein by reference. Pursuant to management agreements with their respective managed accounts, Cumberland, Baupost Group, Harvest Management and, with respect to only certain accounts, TBC, each receive an annual management fee from account holders and possible additional fees reflecting participation in the net appreciation in the value of the securities in their respective managed accounts during the preceding fiscal year, calendar year or twelve month period. Except as described in Item 3, Item 4, Item 5 and this Item 6, none of the Reporting Persons have any contracts, arrangements, understanding or relationships with respect to securities of the Partnership. Item 7. Material to be Filed as Exhibits 1. Written Agreement, dated January 29, 1996, among the Reporting Persons regarding Joint Filing of Schedule 13D. 2. Letter agreement, dated January 29, 1996, between the Partnership and the Committee. 3. Item 5 from the Partnership's Quarterly Report on Form 10-Q for the period ended September 30, 1995. Page 34 of 64 330465.3 SCHEDULE I BAUPOST ENTITIES Directors and Executive Officers of Baupost Group ("Baupost Group")
- -------------------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment; Principal Business and Address of Any Corporation or Other Name Principal Business Address Organization In Which Such Employment is Conducted, if any - -------------------------------------------------------------------------------------------------------------------------------- Seth A. Klarman 44 Brattle Street President and Director of Baupost President & Director P.O. Box 389125 Group; general partner, Baupost Cambridge, MA 02238 Partners and other Massachusetts investment limited partnerships; President and Trustee of The Baupost Fund. - -------------------------------------------------------------------------------------------------------------------------------- Howard H. Stevenson 44 Brattle Street Professor, Harvard Graduate Vice Chairman, Director and P.O. Box 389125 School of Business Administration, Treasurer Cambridge, MA 02238 Baker Library, Boston, MA 02163; Vice Chairman, Director and Treasurer of Baupost Group; Chairman of Baupost Fund. - -------------------------------------------------------------------------------------------------------------------------------- William J. Poorvu P.O. Box 828 Professor, Harvard Graduate Chairman of the Board of Cambridge, MA 02238 School of Business Administration, Directors P.O. Box 828, Cambridge, MA 02238; Vice Chairman and Treasurer of the Board of Trustees of The Baupost Fund; Chairman of the Board of Directors of Baupost Group. - -------------------------------------------------------------------------------------------------------------------------------- Jordan J. Baruch 1200 18th Street, NW Chairman of the Board, Jordan J. Director and Asst. Secretary Suite 610 Baruch Associates (Consultants), a Washington, DC 20036 consulting business at 1200 18th Street NW, Suite 610, Washington, DC 20036. - -------------------------------------------------------------------------------------------------------------------------------- Jo-An B. Bosworth 44 Brattle Street Vice President, Secretary and Clerk Vice President, Secretary and P.O. Box 389125 of Baupost Group, general partner Clerk Cambridge, MA 02238 of Baupost Partners; assistant Clerk of The Baupost Fund.
330465.3
- -------------------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment; Principal Business and Address of Any Corporation or Other Name Principal Business Address Organization In Which Such Employment is Conducted, if any - -------------------------------------------------------------------------------------------------------------------------------- Paul C. Gannon 44 Brattle Street Vice President and Chief Financial Vice President, Chief Financial P.O. Box 389125 and Administrative Officer of and Administrative Officer Cambridge, MA 02238 Baupost Group; Vice President of The Baupost Fund. - -------------------------------------------------------------------------------------------------------------------------------- David C. Abrams 44 Brattle Street Vice President of Baupost Group; Vice President P.O. Box 389125 Vice President of The Baupost Cambridge, MA 02238 Fund. - --------------------------------------------------------------------------------------------------------------------------------
General Partners of Baupost Partners
- --------------------------------------------------------------------------------------------------------------------------------- Present Principal Occupation or Employment; Principal Business and Address of Any Corporation or Other Name Principal Business Address Organization In Which Such Employment is Conducted, if any - --------------------------------------------------------------------------------------------------------------------------------- The Baupost Group, Inc.* 44 Brattle Street Investment Advisor; General P.O. Box 389125 Partner of several Massachusetts Cambridge, MA 02238 investment limited partnerships; manager of The Baupost Fund. - --------------------------------------------------------------------------------------------------------------------------------- Seth A. Klarman 44 Brattle Street President and Director of Baupost President & Director P.O. Box 389125 Group; general partner, Baupost Cambridge, MA 02238 Partners and other Massachusetts investment limited partnerships; President and Trustee of The Baupost Fund. - --------------------------------------------------------------------------------------------------------------------------------- Jo-An B. Bosworth 44 Brattle Street Vice President, Secretary and Clerk P.O. Box 389125 of Baupost Group, general partner Cambridge, MA 02238 of Baupost Partners; assistant Clerk of The Baupost Fund. - --------------------------------------------------------------------------------------------------------------------------------- Baupost Associates Limited 44 Brattle Street General Partner of Baupost Partnership P.O. Box 389125 Partners. Cambridge, MA 02238 - ---------------------------------------------------------------------------------------------------------------------------------
- -------- * For information concerning the directors and executive officers of Baupost Group, see above. -2- 330465.3 HARVEST ENTITIES
- ------------------------------------------------------------------------------------------------------------------------------ Present Principal Occupation or Employment; Principal Business and Address of Any Corporation or Other Name Principal Business Address Organization In Which Such Employment is Conducted, if any - ------------------------------------------------------------------------------------------------------------------------------ Laurence D. Belfer 767 Fifth Avenue Executive Vice President and Chief 46th Floor Operating Officer of Belco Oil & New York, NY 10153 Gas Company, an oil exploration and production company with offices at 767 Fifth Avenue, New York, NY 10153. - ------------------------------------------------------------------------------------------------------------------------------ James Morgan Rutman 767 Fifth Avenue President and Director of Harvest 46th Floor Management. New York, NY 10153 - ------------------------------------------------------------------------------------------------------------------------------ Marjorie Gochberg Kellner 767 Fifth Avenue Executive Vice President of 46th Floor Harvest Management. New York, NY 10153 - ------------------------------------------------------------------------------------------------------------------------------
-3- 330465.3 SCHEDULE II The following tables set forth all transactions in the Units effected by the Reporting Persons since November 29, 1995.
- ------------------------------------------------------------------------------------------------------------------------------ Type of Number Transaction* Trade Date Unit Price of Units Location - ------------------------------------------------------------------------------------------------------------------------------ I. Baupost Group P 12/13/95 10.625 1,300 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/14/95 10.739 1,800 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/15/95 10.540 700 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/18/95 10.625 1,900 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/20/95 10.750 3,200 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 01/10/96 10.750 400 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 01/12/96 10.750 300 Exchange - --------------------------------------------------------------------------------------------------------------------------- II. Baupost Partners P 12/14/95 10.739 3,700 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/15/95 10.540 1,500 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/18/95 10.625 3,800 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/20/95 10.750 6,300 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/21/95 10.750 300 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/22/95 10.625 700 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 12/27/95 10.500 400 Exchange - --------------------------------------------------------------------------------------------------------------------------- P 01/16/96 10.750 400 Exchange - ---------------------------------------------------------------------------------------------------------------------------
* "P" indicates a purchase of Units, "S" indicates a sale of Units. 330465.3 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. Dated: February 1, 1996 CUMBERLAND ASSOCIATES By: /s/ Richard Reiss Jr. Name: Richard Reiss Title: Managing Partner /s/ Richard Reiss Jr. RICHARD REISS, JR. /s/ Andrew Wallach ANDREW WALLACH /s/ K. Tucker Andersen K. TUCKER ANDERSEN /s/ Oscar S. Schafer OSCAR S. SCHAFER _____________________________________ BRUCE G. WILCOX _____________________________________ ELEANOR POPPE /s/ Glenn Krevlin GLENN KREVLIN 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. Dated: February 1, 1996 CUMBERLAND ASSOCIATES By:__________________________________ Name:________________________________ Title:_______________________________ _____________________________________ RICHARD REISS, JR. _____________________________________ ANDREW WALLACH _____________________________________ K. TUCKER ANDERSEN _____________________________________ OSCAR S. SCHAFER _____________________________________ BRUCE G. WILCOX /s/ Eleanor Poppe ELEANOR POPPE _____________________________________ GLENN KREVLIN 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. Dated: February 1, 1996 CUMBERLAND ASSOCIATES By:__________________________________ Name:________________________________ Title:_______________________________ _____________________________________ RICHARD REISS, JR. _____________________________________ ANDREW WALLACH _____________________________________ K. TUCKER ANDERSEN _____________________________________ OSCAR S. SCHAFER /s/ Bruce G. Wilcox BRUCE G. WILCOX _____________________________________ ELEANOR POPPE _____________________________________ GLENN KREVLIN 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. Dated: February 1, 1996 THE BAUPOST GROUP, INC. By: /s/ Seth A Klarman Name: Seth A. Klarman Title: President BAUPOST PARTNERS By: /s/ Seth A. Klarman Seth A. Klarman, general partner /s/ Seth A. Klarman SETH A. KLARMAN 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. Dated: February 1, 1996 HARVEST CAPITAL, L.P. By: /s/ J. Morgan Rutman Name: J. Morgan Rutman Title: General Partner LDB CORP. By: /s/ Laurence D. Belfer Name: Laurence D. Belfer Title: President /s/ Laurence D. Belfer LAURENCE D. BELFER /s/ Morgan Rutman J. MORGAN RUTMAN /s/ Marjorie Gochberg Kellner MARJORIE GOCHBERG KELLNER HARVEST INVESTMENT MANAGEMENT, INC. By: /s/J. Morgan Rutman Name: J. Morgan Rutman Title:President 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. Dated: February 1, 1996 PINE HARVEST PARTNERS, L.P. By: Harvest Investment Management, Inc., a general partner By: /s/J. Morgan Rutman Name: J. Morgan Rutman Title: President HARVEST ADVISORS, L.L.C. By: /s/J. Morgan Rutman Name: J. Morgan Rutman Title: Member 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. Dated: February 1, 1996 TWEEDY BROWNE COMPANY L.P. By: /s/ Christopher H. Browne Name: Christopher H. Browne Title: General Partner /s/ Christopher H. Browne CHRISTOPHER H. BROWNE /s/ William H. Browne WILLIAM H. BROWNE /s/ John D. Spears JOHN D. SPEARS 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. Dated: February 1, 1996 /s/Arthur Zankel ARTHUR ZANKEL Exhibit Index
- ---------------------------------------------------------------------------------------------------------- Exhibit Page - ---------------------------------------------------------------------------------------------------------- Ex-99.1 Exhibit I -- Item 5 from the Partnership's Quarterly Report on Form 50 10-Q for the period ended September 30, 1995. - ---------------------------------------------------------------------------------------------------------- Exh-99.2 Exhibit II -- Letter agreement, dated January 29, 1996, 52 between the Partnership and the Committee. - ---------------------------------------------------------------------------------------------------------- Exh-99.3 Exhibit III -- Written Agreement dated January 29, 1996, among the 59 Reporting Persons regarding Joint Filing of Schedule 13D. - ----------------------------------------------------------------------------------------------------------
EX-99.1 2 ITEM 5 EXHIBIT I Item 5 from Partnership's Quarterly Report on Form 10-Q for the period ended September 30, 1995 -------------------------------------------- ITEM 5. OTHER INFORMATION The Partnership Agreement provides that the General Partner shall use its best efforts to cause the Partnership to sell all of the Partnership's cable systems between December 31, 1991 and December 31, 1996, the "termination date" of the Partnership. The Partnership has stated in prior public reports and filings that, from time to time, it may enter into discussions regarding the sale of its cable systems to affiliates or other parties. In addition, the Partnership Agreement provides the General Partner or its affiliates the right to purchase for cash substantially all of the Partnership's cable systems at any time after December 31, 1991 without soliciting unaffiliated purchasers. Pursuant to the Partnership Agreement, in the event the General Partner or its affiliates exercise such right, the purchase price will be determined solely by reference to an "appraised value" determined pursuant to an appraisal process set forth in the Partnership Agreement (the "Appraisal Process"). The Partnership Agreement provides that the "appraised value" shall be determined by the average of three appraisal evaluations of the Partnership's cable systems and provides that one appraiser is to be selected by the General Partner; one appraiser is to be selected by a majority vote of the independent members of the Partnership's advisory committee; and one appraiser is to be selected by the two appraisers already so chosen. If any such appraisal is expressed as a range, then in calculating the average, the minimum amount of such appraisal shall be used. In the event of a sale of a cable system, including a sale to the General Partner or its affiliates, the General Partner will be entitled to a fee equal to 2 1/2% of gross proceeds from the sale less any amounts paid as brokerage or similar fees to third parties. The Partnership has previously disclosed that the General Partner or its affiliates may from time to time explore the possibility of exercising such purchase right. The General Partner, in its exploration of the possibility of exercising such purchase right, has now initiated the Appraisal Process by inviting the independent members of the Partnership's advisory committee to designate a nationally-recognized independent appraiser. In conjunction with the initiation of the Appraisal Process, certain affiliates (the "Affiliates") of the Partnership and its General Partner, including Marc B. Nathanson (the Chairman of the Board, Chief Executive Officer, President and a director of Falcon Holding Group, Inc., the General Partner's sole general partner) have made a preliminary proposal (the "Proposal") to the independent members of the Partnership's advisory committee with respect to an exchange transaction (the "Exchange"). Under the Proposal, the Exchange would take place immediately prior to the exercise by the General Partner or its affiliates of their right to purchase for cash substantially all of the Partnership's cable systems remaining after giving effect to the Exchange. In the Exchange, substantially all of the Falcon Units owned by the Affiliates would be exchanged for a portion (by value) of the Partnership's cable systems equal 336299.1 to the proportion of the total outstanding Units exchanged by the Affiliates (the Affiliates would also relieve Falcon of an equal proportion of its total debt). Any decision of Falcon to pursue the Proposal, the Exchange, or the sale of the cable systems of the Partnership in accordance with the rights of the General Partner under the terms of the Partnership Agreement (as described above) or otherwise, ultimately will be dependent upon numerous factors including, without limitation, (i) the receipt by the General Partner of an opinion of a qualified appraiser or other financial advisor selected by the independent members of the Partnership's advisory committee as to, among other things, the fairness of the Proposal as compared to a sale of all of the Partnership's cable systems (without giving effect to the Exchange) to the General Partner or its affiliates in accordance with their rights under the Partnership Agreement (as described above) [, or the conclusion on another basis that such fairness was otherwise established]; (ii) the availability of necessary equity and debt financing on favorable terms; (iii) the relative attractiveness of available alternative business and investment opportunities; (iv) the regulatory environment for cable properties; (v) future developments relating to the Partnership and the cable industry, general economic conditions and other future developments. [If the Proposal is pursued and the Exchange is consummated, the Affiliates expect that they would defer their potential tax liability as compared to a liquidation of the Partnership without effecting the Exchange.] Although the foregoing reflects activities which the General Partner is currently exploring with the Partnership and the Affiliates with respect to the Partnership, the foregoing is subject to change at any time. Accordingly, there can be no assurance that the Proposal, the Exchange, or the sale of the cable systems of the Partnership in accordance with the rights of the General Partner and its affiliates under the terms of the Partnership Agreement (as described above) or otherwise will be pursued or, if pursued, when and if any of them will be successfully consummated. For additional information on the terms of the Partnership Agreement, see "Item 1 -- Business -- Introduction" and Item 13 -- "Certain Relationships and Related Transactions -- Conflicts of Interest" in the Partnership's Annual Report on Form 10-K for the year ended December 31, 1994. -2- 336299.1 EX-99.2 3 LETTER AGREEMENT EXHIBIT II THE PROPOSED UNOFFICIAL UNITHOLDER OVERSIGHT COMMITTEE OF FALCON CABLE SYSTEMS COMPANY c/o The Baupost Group, Inc. 44 Brattle Street P.O. Box 389125 Cambridge, MA 02238-9125 January 29, 1996 CONFIDENTIAL BY FACSIMILE/REGULAR MAIL Falcon Cable Systems Company 10900 Wilshire Boulevard Los Angeles, California 90024 Attention: Marc B. Nathanson Gentlemen: Thank you for meeting with us on December 19, 1995 to discuss preliminarily the concerns of certain holders ("Holders") of units of limited partnership interest ("Unitholders") in Falcon Cable Systems Company (the "Partnership") regarding certain transactions between the Partnership and its affiliates proposed in connection with the scheduled termination of the Partnership on December 31, 1996 (the "Termination). Following our December 19, 1995 meeting and in anticipation of your agreement set forth herein, the Holders identified on Annex A hereto preliminarily have determined to form an unofficial Unitholder oversight committee (the "Committee") in the near future. The purpose of this letter is to confirm with you certain arrangements and matters which we discussed on December 19, 1995 and January 19, 1996. Specifically, you have agreed as follows: 1. Counsel Fees. In connection with the Committee's proposed retention of Battle Fowler LLP regarding the Termination, the Partnership shall pay for fifty percent (50%) of the Committee's legal fees and disbursements, up to a maximum amount to be paid by the Partnership of $50,000. The Partnership hereby agrees to provide to Battle Fowler LLP a retainer of $50,000 (the "Retainer"), which Retainer (i) shall be deposited and held in an interest bearing trust account and (ii) shall be applied, from time to time, against one-half of the fees and disbursements incurred by Battle Fowler LLP in connection with the contemplated representation of the Committee, provided and to the extent such fees and disbursements are approved in writing by an authorized representative of the Committee for payment and release, and provided that an equal amount has been applied toward the payment of such fees and disbursements from the Committee's own funds. The Committee shall provide to the Partnership a copy of Battle Fowler LLP's monthly statement for services rendered as soon as practicable after the same is received and approved by the Committee for payment. Battle Fowler LLP has agreed to utilize its established hourly rates generally used by that firm, consistent with its customary 330430.3 billing practices, without "premium" or other add-ons. The Partnership's obligation to provide Battle Fowler LLP the Retainer is expressly conditioned on the Committee providing Battle Fowler a retainer in an equal or greater amount prior to or simultaneously with the Partnership. The Committee and Battle Fowler LLP agree that no portion of the Retainer shall at any time be drawn down or applied against services rendered specifically for the purpose of commencing litigation or otherwise in connection with actual litigation (litigation for purposes of this letter agreement being understood to include, without limitation, the exercise of any federal or state law rights or remedies that may be or be alleged to be available to the Committee or any Unitholders), against the Partnership or any of its affiliates. To the extent the Committee explicitly threatens or commences litigation proceedings against the Partnership or any of its affiliates, or if the members of the Committee and their respective affiliates cease to own in the aggregate at least 50% of the number of Units set forth on Annex A, the Partnership shall have the right to terminate this letter agreement, in which event the Committee and Battle Fowler LLP agree to return promptly to the Partnership any unused portion of the Retainer as of such commencement date. Any unused portion of the Partnership's Retainer after Battle Fowler LLP's services on behalf of the Committee are concluded will be returned to the Partnership. The parties hereto understand and agree that Battle Fowler LLP was selected by the Committee to act on behalf of the Committee and its members, and not by the Partnership or any other person or entity, and notwithstanding the fact that the Partnership is paying a portion of Battle Fowler's fees and disbursements in accordance with the provisions of this Section 1, Battle Fowler LLP is not, is not authorized to be, and is not purporting to be, an agent of the Partnership or any other person or entity, including Unitholders of the Partnership that are not members of the Committee, for any purpose whatsoever. 2. Access to Information and Confidentiality. The Partnership has agreed to provide to the Committee, from time to time as requested by the Committee, reasonable access to such documents and information as the Partnership deems appropriate (including copies thereof), including, but not limited to documents and other information provided to the appraisers in the appraisal process("Partnership Information"). In that regard, the Committee, upon its formation, intends to provide the Partnership with a preliminary document and information request. The Partnership hereby agrees and acknowledges that nothing herein shall be deemed a waiver or compromise of any rights or privileges that may hereafter be asserted by the Holders in their respective capacities as Unitholders or otherwise, including, but not limited to, rights to the inspection of the books and records of the Partnership, and the receipt of a list of the Unitholders of the Partnership. In consideration of, and as a condition to, furnishing the Committee with Partnership Information, the Committee agrees: A. That any Partnership Information which is furnished to the Committee, its members or their respective employees, agents, advisors or representatives (collectively, "Permitted Persons") by or on behalf of the Partnership (collectively referred to as the "Confidential Material"), shall be treated by the Committee and the Permitted Persons confidentially and in accordance with the provisions of this letter agreement and shall not be shown to or discussed with any other person or entity. Each Permitted Person to whom -2- 330430.3 Confidential Information is disclosed by the Committee will be advised of its confidential nature and the terms of this letter agreement. B. The term "Confidential Material" does not include any portion of the Partnership Information which (i) was or becomes generally available to the public other than as a result of a disclosure by the Committee or a Permitted Person, (ii) was or becomes available to the Committee or a Permitted Person on a non-confidential basis from a source other than the Partnership or its advisors, provided that such source is not bound by a confidentiality agreement with or other obligation of secrecy to the Partnership or another party, or (iii) was or becomes available to the Committee or a Permitted Person on a non-confidential basis from the Partnership, including pursuant to rights afforded to Unitholders under the Partnership Agreement and/or California law. C. If (1) the Committee explicitly threatens or commences any litigation proceedings against the Partnership or any of its affiliates, (2) the Partnership or its assets are liquidated or sold, (3) the Committee disbands or otherwise ceases to exist, or (4) this letter agreement is terminated pursuant to its terms or the written agreement of the Partnership and the Committee, the Committee and the Permitted Persons (i) shall promptly redeliver to the Partnership (or, if the Partnership shall have been terminated or otherwise cease to exist, its general partner) all copies of all Confidential Material, (ii) will not retain any copies of such material, and (iii) agree to keep confidential the Confidential Material. D. In the event that the Committee, any Committee member, or any Permitted Person is requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process) to disclose any Confidential Material, the Committee will promptly notify the Partnership of such request or requirement so that the Partnership may seek an appropriate protective order or waive compliance with the provisions of this agreement, and/or take any other mutually agreed action. If, in the absence of a protective order or the receipt of a waiver hereunder, the Committee or any Permitted Person, is in the reasonable written opinion of such person's counsel, compelled to disclose information or else stand liable for contempt or suffer other censure or significant penalty, such person may disclose that portion of the requested information which such person's counsel advises such person in writing that such person is compelled to disclose. 3. Securities Laws. The Committee acknowledges that it and its members are subject to applicable federal law regarding the purchase and sale of securities when in possession of non-public, material inside information with respect the issuer of such securities; that some or all of the Confidential Information may constitute non-public material inside information with respect to the Partnership; and that the Committee and its members shall be solely responsible for determining if such information is or is not non-public material inside information with respect to the Partnership and for any violation of law by it or them resulting from any transactions effected by it or them then while in possession of such Confidential Information. 4. Permitted Disclosure. The Committee and the Partnership acknowledge that it may be necessary or desirable for either the Committee and its affiliates, on the one hand, or the Partnership and its affiliates, on the other hand, to make public disclosure of the existence of this letter agreement and -3- 330430.3 its terms, and agree that (i) the existence of this letter agreement and its terms shall not be deemed "Confidential Material" hereunder, and (ii) neither the Partnership nor the Committee is obligated to keep the existence of this letter agreement or its terms confidential, and may make public disclosure with respect thereto without the consent, approval or review of the other party. The agreements set forth in paragraph 2 and the acknowledgements set forth in paragraph 3 of this letter agreement shall survive the termination of this letter agreement, as will Battle Fowler LLP's obligation to apply the Retainer only in accordance with the terms hereof and to return any unused portion of the Retainer. 5. Multiple Counterparts. This letter agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. In closing, the Committee advises the Partnership that it shall be an ad hoc committee whose constituents shall include Committee members only. The Committee does not and shall not, nor shall it be deemed or construed to, act for or on behalf of any other person or entity, including Unitholders of the Partnership that are not members of the Committee, for any purpose whatsoever. -4- 330430.3 If the foregoing correctly sets forth our understanding, please sign and return to us the enclosed copy of this letter and promptly forward the Partnership's $50,000 retainer to Battle Fowler LLP, 75 East 55th Street, New York, New York 10022, attention: Charles H. Baker, Esq. Sincerely, UNOFFICIAL UNITHOLDER OVERSIGHT COMMITTEE OF FALCON CABLE SYSTEMS COMPANY By: The Baupost Group, Inc., Committee Chair By: /s/ Abner B. Kurtin Name: Abner B. Kurtin Title: Investment Analyst AGREED TO AND ACCEPTED as of January 29, 1996: FALCON CABLE SYSTEMS COMPANY By: Falcon Cable Investors Group Managing General Partner By: Falcon Holding Group, L.P. General Partner By: Falcon Holding Group, Inc. General Partner By: __________________________ Name: ___________________ Title: ____________________ ACKNOWLEDGED AND AGREED, with respect to the second, third and fourth paragraphs of Section 1 above: BATTLE FOWLER LLP By: /s/ Charles H. Baker Charles H. Baker -5- 330430.3 If the foregoing correctly sets forth our understanding, please sign and return to us the enclosed copy of this letter and promptly forward the Partnership's $50,000 retainer to Battle Fowler LLP, 75 East 55th Street, New York, New York 10022, attention: Charles H. Baker, Esq. Sincerely, UNOFFICIAL UNITHOLDER OVERSIGHT COMMITTEE OF FALCON CABLE SYSTEMS COMPANY By: The Baupost Group, Inc., Committee Chair By: ______________________ Name: _________________ Title: ________________ AGREED TO AND ACCEPTED as of January 29, 1996: FALCON CABLE SYSTEMS COMPANY By: Falcon Cable Investors Group Managing General Partner By: Falcon Holding Group, L.P. General Partner By: Falcon Holding Group, Inc. General Partner By: /s/ Stanley Itskowitch Name: Stanley Itskowitch Title: Executive Vice President ACKNOWLEDGED AND AGREED, with respect to the second, third and fourth paragraphs of Section 1 above: BATTLE FOWLER LLP By: /s/ Charles H. Baker Charles H. Baker -5- 330430.3 Annex A Proposed Holders/Committee Members* No. of Units of the Partnership Name Owned as of January 29, 1996** ---- ------------------------------ The Baupost Group, Inc. 500,200 Cumberland Associates 378,900 Harvest Capital, L.P. 170,000 Tweedy, Browne Company L.P. 290,040 ______________________________ * Nothing in this Annex A shall be deemed a representation or warranty whatsoever as to the number of Units owned, of record or beneficially, by any Committee member. The number of Units reflects determinations of beneficial ownership which may change from time to time, depending on the circumstances. The number of Units owned are as of the date specified, and the Committee does not undertake, and shall not be obligated, to update Unit ownership data at any time hereafter. ** Unit amounts may include Units beneficially owned by affiliates or certain related persons. -6- 330430.3 EX-99.3 4 JOINT FAILING AGREEMENT EXHIBIT III JOINT FILING AGREEMENT AGREEMENT, dated as of January 29, 1996, by and among the parties identified on the signature pages hereto. WHEREAS, each of the parties hereto beneficially owns, or may be deemed to beneficially own, units of limited partnership ("Units") of Falcon Cable Systems Company, a California limited partnership (the "Company"); and WHEREAS, the parties hereto may be deemed to constitute a "group" with respect to the beneficial ownership of the Units for purposes of Rule 13d-5 and Schedule 13D promulgated by the Securities and Exchange Commission; NOW, THEREFORE, the parties hereto agree as follows: 1. The parties hereto shall prepare a single statement containing the information required by Schedule 13D with respect to their respective interests in the Units (the "Schedule 13D"), and the Schedule 13D shall be filed on behalf of each of them. 2. Each party hereto shall be responsible for the timely filing of the Schedule 13D and any necessary amendments thereto, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning any other party contained therein, except to the extent that he or it knows or has reason to believe that such information is inaccurate. 3. This Agreement shall continue unless terminated by any party hereto. 4. The Unofficial Unitholder Oversight Committee of Falcon Cable Systems Company, c/o Abner B. Kurtin of The Baupost Group, Inc. (with copy to Charles H. Baker, Esq. of Battle Fowler LLP) shall be designated as the person authorized to receive notices and communications with respect to the Schedule 13D and any amendments thereto. 5. This Agreement may be executed in counterparts, each of which taken together shall constitute one and the same instrument. 6. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to such State's conflicts of laws principles. 330610.1 SIGNATURE PAGE TO JOINT FILING AGREEMENT IN WITNESS WHEREOF, the undersigned have executed this Agreement in one or more counterparts as of the date first above written. CUMBERLAND ASSOCIATES By: /s/Richard Reiss Jr. Name: Richard Reiss, Jr. Title: Managing Partner THE BAUPOST GROUP, INC. By: ___________________________ Name: _____________________ Title: _____________________ HARVEST CAPITAL, L.P. By: ___________________________ Name: _____________________ Title: _____________________ TWEEDY, BROWNE COMPANY L.P. By: ___________________________ Name: _____________________ Title: _____________________ ___________________________ ARTHUR ZANKEL - 2 - 330610.1 SIGNATURE PAGE TO JOINT FILING AGREEMENT IN WITNESS WHEREOF, the undersigned have executed this Agreement in one or more counterparts as of the date first above written. CUMBERLAND ASSOCIATES By: ___________________________ Name: _____________________ Title: _____________________ THE BAUPOST GROUP, INC. By: /s/ Paul Gannon Name: Paul Gannon Title: Chief Financial and Administrative Officer HARVEST CAPITAL, L.P. By: ___________________________ Name: _____________________ Title: _____________________ TWEEDY, BROWNE COMPANY L.P. By: ___________________________ Name: _____________________ Title: _____________________ ___________________________ ARTHUR ZANKEL - 2 - 330610.1 SIGNATURE PAGE TO JOINT FILING AGREEMENT IN WITNESS WHEREOF, the undersigned have executed this Agreement in one or more counterparts as of the date first above written. CUMBERLAND ASSOCIATES By: ___________________________ Name: _____________________ Title: _____________________ THE BAUPOST GROUP, INC. By: ___________________________ Name: _____________________ Title: _____________________ HARVEST CAPITAL, L.P. By: /s/ J. Morgan Rutman Name: J. Morgan Rutman Title: General Partner TWEEDY, BROWNE COMPANY L.P. By: ___________________________ Name: _____________________ Title: _____________________ ___________________________ ARTHUR ZANKEL - 2 - 330610.1 SIGNATURE PAGE TO JOINT FILING AGREEMENT IN WITNESS WHEREOF, the undersigned have executed this Agreement in one or more counterparts as of the date first above written. CUMBERLAND ASSOCIATES By: ___________________________ Name: _____________________ Title: _____________________ THE BAUPOST GROUP, INC. By: ___________________________ Name: _____________________ Title: _____________________ HARVEST CAPITAL, L.P. By: ___________________________ Name: _____________________ Title: _____________________ TWEEDY, BROWNE COMPANY L.P. By: /s/Christopher H. Browne Name: Christopher H. Browne Title: General Partner ___________________________ ARTHUR ZANKEL - 2 - 330610.1 SIGNATURE PAGE TO JOINT FILING AGREEMENT IN WITNESS WHEREOF, the undersigned have executed this Agreement in one or more counterparts as of the date first above written. CUMBERLAND ASSOCIATES By: ___________________________ Name: _____________________ Title: _____________________ THE BAUPOST GROUP, INC. By: ___________________________ Name: _____________________ Title: _____________________ HARVEST CAPITAL, L.P. By: ___________________________ Name: _____________________ Title: _____________________ TWEEDY, BROWNE COMPANY L.P. By: ___________________________ Name: _____________________ Title: _____________________ /s/Arthur Zankel ARTHUR ZANKEL - 2 - 330610.1 -----END PRIVACY-ENHANCED MESSAGE-----