-----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, EZ85p18WKnLl2LXxxa3Sxi6/KiG4t2w7BdqQDjDLlba5dZoMeb4N4qKvapM8bX/2 BMl7dfShgWyDcPMz/Fd4sg== 0000935836-99-000341.txt : 19991213 0000935836-99-000341.hdr.sgml : 19991213 ACCESSION NUMBER: 0000935836-99-000341 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KUSHNER LOCKE CO CENTRAL INDEX KEY: 0000842009 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 954079057 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-39919 FILM NUMBER: 99772792 BUSINESS ADDRESS: STREET 1: 11601 WILSHIRE BLVD 21ST FLR CITY: LOS ANGELES STATE: CA ZIP: 95202 BUSINESS PHONE: 3104812000 MAIL ADDRESS: STREET 1: 11601 WILSHIRE BLVD STREET 2: 21ST FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90025 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000909450 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 770210467 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 50 OSGOOD PLACE PENTHOUSE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4159811039 MAIL ADDRESS: STREET 1: 50 OSGOOD PLACE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER COMPANY: FORMER CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL DATE OF NAME CHANGE: 19951108 FORMER COMPANY: FORMER CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL DATE OF NAME CHANGE: 19930720 SC 13D/A 1 [1] OMB APPROVAL OMB Number:3235-0145 Expires:December 31, 1997 Estimated average burden hours per form 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) * Kushner Locke Company * - --------------------------------------------------------------------------- Common Stock * 501337109 * Gruber & McBaine Capital Management Elizabeth D. Giorgis 50 Osgood Place, Penthouse San Francisco, CA 94133 (415) 981-1039 - --------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) * November 19, 1999 If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /. Check the following box if a fee is being paid with the statement / /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEC 1746 (12-91) [2] SCHEDULE 13D CUSIP No. 501337109 Page 2 of 11 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON GRUBER & McBAINE CAPITAL MANAGEMENT, LLC - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)/ / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,653,950 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,653,950 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,653,950 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.00 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - --------------------------------------------------------------------------- [3] SCHEDULE 13D CUSIP No. 501337109 Page 3 of 11 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON JON D. GRUBER - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, PF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)/ / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 222,600 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,653,950 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 222,600 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,653,950 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,669,850 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.61 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------- [4] SCHEDULE 13D CUSIP No. 501337109 Page 4 of 11 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON J. PATTERSON MCBAINE - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, PF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)/ / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 259,550 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,653,950 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 259,550 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,653,950 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,693,600 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.88 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------- [5] SCHEDULE 13D CUSIP No. 501337109 Page 5 of 11 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON THOMAS O. LLOYD-BUTLER - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - --------------------------------------------------------------------------- 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 - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,653,950 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,653,950 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,653,950 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.00 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 501337109 Page 6 of 11 Pages ITEM 1. SECURITY AND ISSUER. This statement relates to shares of Common Stock (the "Stock") of Kushner Locke Company ("KLOC"). The principal executive office of KLOC is located at 11601 Wilshire Boulevard, 21st Floor, Los Angeles, CA 90025. ITEM 2. IDENTITY AND BACKGROUND. The persons filing this statement and the persons enumerated in Instruction C of Schedule 13D and, where applicable, their respective places of organization, general partners, directors, executive officers and controlling persons, and the information regarding them, are as follows: (a) Gruber and McBaine Capital Management, L.L.C. (LLC); Jon D. Gruber (Gruber); J. Patterson McBaine (McBaine);and Thomas O. Lloyd-Butler (TLB). (b) The business address of LLC, Gruber, McBaine and TLB is 50 Osgood Place, Penthouse, San Francisco, CA 94133. (c) LLC is an investment adviser. Gruber and McBaine are the Managers of LLC and TLB is a member of LLC. (d) During the last five years, none of such persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of such persons was 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. (f) All such persons are citizens of the United States of America. SCHEDULE 13D CUSIP No. 501337109 Page 7 of 11 Pages ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The source and amount of funds used in purchasing the Stock were as follows: Purchaser Source of Funds Amount LLC Capital Under Management $811,282 Gruber Personal Funds $136,214 McBaine Personal Funds $205,249 ITEM 4. PURPOSE OF TRANSACTION. The sole purpose of the purchase of the Stock reported herein was and is for investment. Except as described below, the persons named in Item 2 have no plans or proposals that relate to or would result in any of the events listed in the instructions to Item 4 of this statement. As of the date this statement is filed, such persons intend to communicate directly with KLOC's management regarding its financial condition, management and business plan, with a view to formulating suggestions for improvement. Such persons are also considering the advisability of discussing these matters with other significant shareholders and other ways to improve and support KLOC's business operations. Such persons may acquire additional shares of Stock at any time or may dispose of part or all of their Stock at any time. Such persons currently do not otherwise have any specific plans or proposals regarding these matters, and have not acquired the Stock with the purpose or effect of changing or influencing control of KLOC. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The beneficial ownership of the Stock of the persons named in Item 2 of this statement is as follows at the date hereof: Aggregate Beneficially Owned Voting Power Dispositive Power Name Number Percent Sole Shared Sole Shared LLC 1,653,950 12.00 0 1,653,950 0 1,653,950 Gruber 1,876,550 13.61 222,600 1,653,950 222,600 1,653,950 McBaine 1,913,500 13.88 259,550 1,653,950 259,550 1,653,950 TLB 1,653,950 12.00 0 1,653,950 0 1,653,950 SCHEDULE 13D CUSIP No. 501337109 Page 8 of 11 Pages Note: In addition to the shares reported, 75,000 shares are owned by an investment advisory client of LLC over which LLC does not have voting or dispositive power. Therefore, LLC disclaims beneficial ownership with respect to those shares. The persons filing this statement effected the following transactions in the Stock on the dates indicated, and such transactions are the only transactions in the Stock by the persons filing this statement since 10/22/99: Purchase Number Price Name or Sale Date of SHARES Per Share LLC P 11/30/99 4500 4.44 McBaine P 11/30/99 500 4.44 LLC P 11/30/99 5500 4.50 Gruber P 11/30/99 1500 4.50 McBaine P 11/30/99 1500 4.50 McBaine P 11/30/99 300 4.42 Gruber P 11/30/99 300 4.42 LLC P 11/29/99 15000 4.50 Gruber P 11/29/99 1500 4.50 McBaine P 11/29/99 2500 4.50 LLC P 11/26/99 2100 4.50 McBaine P 11/26/99 200 4.50 LLC P 11/26/99 4000 4.65 Gruber P 11/26/99 600 4.65 McBaine P 11/26/99 4000 4.68 Gruber P 11/26/99 1000 4.68 LLC P 11/26/99 3000 4.63 McBaine P 11/26/99 2000 4.63 LLC P 11/24/99 6000 4.50 McBaine P 11/24/99 1000 4.50 LLC P 11/22/99 5400 4.86 LLC P 11/19/99 60600 4.98 McBaine P 11/19/99 11500 4.98 Gruber P 11/19/99 3500 4.60 LLC P 11/19/99 3000 4.60 LLC P 11/18/99 16000 4.56 Gruber P 11/18/99 3000 4.56 McBaine P 11/18/99 4000 4.56 McBaine P 11/18/99 5000 4.68 LLC P 11/17/99 9000 4.40 Gruber P 11/17/99 2000 4.40 McBaine P 11/17/99 2000 4.40 LLC P 11/17/99 2000 4.50 SCHEDULE 13D CUSIP No. 501337109 Page 9 of 11 Pages Gruber P 11/17/99 2000 4.50 LLC P 11/16/99 3500 4.63 McBaine P 11/16/99 500 4.63 LLC P 11/16/99 600 4.42 McBaine P 11/16/99 300 4.42 LLC P 11/15/99 2000 4.36 Gruber P 11/15/99 1100 4.36 McBaine P 11/15/99 400 4.36 LLC P 11/10/99 14000 4.47 Gruber P 11/10/99 5000 4.47 McBaine P 11/10/99 3000 4.47 LLC P 11/9/99 8500 4.19 McBaine P 11/9/99 1500 4.19 LLC P 11/3/99 6000 3.92 Gruber P 11/3/99 10000 3.92 McBaine P 11/3/99 4000 3.92 LLC P 10/29/99 4500 3.97 McBaine P 10/29/99 500 3.97 SCHEDULE 13D CUSIP No. 501337109 Page 10 of 11 Pages ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. LLC is the general partner of various limited partnerships, pursuant to limited partnership agreements. These agreements provide to the general partner the authority, among other things, to invest the funds of such partnerships in the Stock and to vote and dispose of those securities. Also pursuant to those limited partnership agreements, LLC is entitled to fees based on assets under management and realized and unrealized gain, if certain conditions are met. Pursuant to investment management agreements, LLC is authorized, among other things, to invest funds of their various investment advisory clients, and to vote and dispose of those securities. Such investment management agreements may be terminated by either party on thirty days' notice, and provide for fees payable to LLC based on assets under management and realized and unrealized gains, if certain conditions are met. Pursuant to authority granted to LLC orally and under a Power of Attorney, LLC is authorized, among other things, to invest funds of various relatives and affiliates of Gruber and McBaine. Such authority may be terminated at any time on notice and there are no fees payable to LLC for those services. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G (previously filed). SCHEDULE 13D CUSIP No. 501337109 Page 11 of 11 Pages SIGNATURES After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct. DATED: December 10, 1999 Jon D. Gruber J. Patterson McBaine Thomas O. Lloyd-Butler Gruber and McBaine Capital Management, L.L.C., by J. Patterson McBaine, Manager CSR\2217\006\1077056.01 -----END PRIVACY-ENHANCED MESSAGE-----