-----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, HdJWC04ovP2TQL/10CzKC3OPW10ncP18BXQ6gL8/mHoVB240t7ZkitKrQZTsD3DD QHjiGuWAFya7LSfQFXsc3Q== 0000909661-00-000010.txt : 20000208 0000909661-00-000010.hdr.sgml : 20000208 ACCESSION NUMBER: 0000909661-00-000010 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000207 GROUP MEMBERS: ANDREW B. FREMDER GROUP MEMBERS: DAVID I. COHEN GROUP MEMBERS: ENRIQUE BOILINI GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P. GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. GROUP MEMBERS: FARALLON CAPITAL MANAGEMENT LLC GROUP MEMBERS: FARALLON CAPITAL PARTNERS, L.P. GROUP MEMBERS: FARALLON PARTNERS, L.L.C. GROUP MEMBERS: FLEUR E. FAIRMAN GROUP MEMBERS: JASON M. FISH GROUP MEMBERS: JOSEPH F. DOWNES GROUP MEMBERS: MARK C. WEHRLY GROUP MEMBERS: MERIDEE A. MOORE GROUP MEMBERS: RICHARD B. FRIED GROUP MEMBERS: STEPHEN L. MILLHAM GROUP MEMBERS: THOMAS F. STEYER GROUP MEMBERS: TINICUM PARTNERS, L.P. GROUP MEMBERS: WILLIAM F. DUHAMEL GROUP MEMBERS: WILLIAM F. MELLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NAB ASSET CORP CENTRAL INDEX KEY: 0000873458 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 760332956 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-41731 FILM NUMBER: 525697 BUSINESS ADDRESS: STREET 1: 23361 MADERO SUITE 200 CITY: IRVINE STATE: CA ZIP: 92691 BUSINESS PHONE: 9494650244 MAIL ADDRESS: STREET 1: 23361 MADERO SUITE 200 CITY: IRVINE STATE: CA ZIP: 92691 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FARALLON CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000909661 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943240279 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STE 11325 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4154212132 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G/A 1 SCHEDULE 13G AMENDMENT NO. 2 ------------------------------- OMB APPROVAL ------------------------------- OMB Number: 3235-0145 Expires: November 30, 1999 Estimated average burden hours per response . . . 14.90 ------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) and(d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 (Amendment No. 1)1 NAB Asset Corporation (Name of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securities) 628712200 (CUSIP Number) February 7, 2000 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) X Rule 13d-1(c) Rule 13d-1(d) - --------------------------- 1 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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Partners, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 89,358 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 89,358 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 89,358 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.8% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 82,296 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 82,296 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,296 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.6% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners II, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 21,418 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 21,418 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,418 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.4% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tinicum Partners, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 28,702 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 28,702 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,702 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.6% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Management, L.L.C. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 31,183 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 31,183 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,183 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.6% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IA, OO - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Partners, L.L.C. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 221,774 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 221,774 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 221,774 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* OO - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Enrique H. Boilini - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Argentina - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 8 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David I. Cohen - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION South Africa - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 9 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph F. Downes - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Duhamel - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Fleur E. Fairman - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 221,774 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 221,774 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 221,774 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 12 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jason M. Fish - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 13 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Andrew B. Fremder - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 14 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Richard B. Fried - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 15 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Mellin - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 16 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Millham - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 17 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Meridee A. Moore - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 18 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas F. Steyer - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 19 of 25 Pages 13G =============================== CUSIP No. 628712200 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Mark C. Wehrly - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] ** ** The reporting persons making this filing hold an aggregate of 252,957 Shares, which is 5.0% of the class of securities. The reporting person on this cover page, however, may be deemed a beneficial owner only of the securities reported by it on this cover page. - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 252,957 ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 252,957 - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 252,957 - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0% - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 20 of 25 Pages This Amendment No. 1 to Schedule 13G amends the Schedule 13G initially filed on March 26, 1999 (collectively, with all amendments thereto, the "Schedule 13G")2. Item 1. Issuer (a) Name of Issuer: NAB Asset Corporation (the "Company") (b) Address of Issuer's Principal Executive Offices: 23361 Madero, Suite 200, Irvine, California 92691 Item 2. Identity And Background. Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e)) This statement relates to Shares of Common Stock, par value $0.10 per share (the "Shares") of the Company. The CUSIP number of the Shares is 628712200. Name Of Persons Filing, Address Of Principal Business Office And Citizenship (Item 2(a), (b) and (c)) This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons." The Partnerships (i) Farallon Capital Partners, L.P., a California limited partnership ("FCP"), with respect to the Shares held by it; (ii) Farallon Capital Institutional Partners, L.P., a California limited partnership ("FCIP"), with respect to the Shares held by it; (iii)Farallon Capital Institutional Partners II, L.P., a California limited partnership ("FCIP II"), with respect to the Shares held by it; (iv)Tinicum Partners, L.P., a New York limited partnership ("Tinicum"), with respect to the Shares held by it; and FCP, FCIP, FCIP II and Tinicum are together referred to herein as the "Partnerships." The Management Company - --------------------------- 2 The original Schedule 13G were filed under CIK # 0001012168. This amendment was filed under CIK # 0000909661. Page 21 of 25 Pages (v) Farallon Capital Management, L.L.C., a Delaware limited liability company (the "Management Company"), with respect to the Shares held by an account managed by the Management Company (the "Managed Account")3. The General Partner Of The Partnerships (vi) Farallon Partners, L.L.C., a Delaware limited liability company which is the general partner of each of the Partnerships (the "General Partner"), with respect to the Shares held by each of the Partnerships. The Managing Members Of The General Partner And The Management Company (vii)The following twelve persons who are managing members of both the General Partner and the Management Company, with respect to the Shares held by the Partnerships and the Managed Account: Enrique H. Boilini ("Boilini"), David I. Cohen ("Cohen"), Joseph F. Downes ("Downes"), William F. Duhamel ("Duhamel"), Jason M. Fish ("Fish"), Andrew B. Fremder ("Fremder"), Richard B. Fried ("Fried"), William F. Mellin ("Mellin"), Stephen L. Millham ("Millham"), Meridee A. Moore ("Moore"), Thomas F. Steyer ("Steyer") and Mark C. Wehrly ("Wehrly"); and (viii) the thirteenth managing member of the General Partner, Fleur E. Fairman ("Fairman"), with respect to the Shares held by the Partnerships. Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham, Moore, Steyer and Wehrly are together referred to herein as the "Individual Reporting Persons." The citizenship of each of the Partnerships, the General Partner and the Management Company is set forth above. Each of the Individual Reporting Persons is a United States citizen other than (i) Enrique H. Boilini who is an Argentinean citizen and (ii) David I. Cohen who is a South African citizen. The address of the principal business office of each of the Reporting Persons other than Enrique Boilini is c/o Farallon Capital Management, L.L.C., One Maritime Plaza, Suite 1325, San Francisco, California 94111. The address of Enrique Boilini is c/o Farallon Capital Management, L.L.C., 75 Holly Hill Lane, Greenwich, Connecticut 06830. Item 3. If This Statement Is Filed Pursuant To Rule 13d-1(b), Or 13d-2(b) Or (c), Check Whether The Person Filing Is An Entity Specified In (a)-(j): Not Applicable. - --------------------------- 3 The name and address of the Managed Account is The Absolute Return Fund of The Common Fund, a non-profit corporation whose principal address is 450 Post Road East, Westport, Connecticut 06881. Page 22 of 25 Pages If This Statement Is Filed Pursuant To Rule 13d-1(c), Check This Box. [ X ] Item 4. Ownership The information required by Items 4(a) - (c) and set forth in Rows 5 through 11 of the cover page for each Reporting Person hereto is incorporated herein by reference for each such Reporting Person. The Shares reported hereby for the Partnerships are owned directly by the Partnerships and those reported by the Management Company on behalf of the Managed Account is owned directly by the Managed Account. The General Partner, as general partner to the Partnerships, may be deemed to be the beneficial owner of all such Shares owned by the Partnerships. The Management Company, as investment adviser to the Managed Account, may be deemed to be the beneficial owner of all such Shares owned by the Managed Account. The twelve Individual Reporting Persons who are managing members of both the General Partner and the Management Company may each be deemed to be the beneficial owner of all such Shares held by the Partnerships and the Managed Account. Fairman, as a managing member of only the General Partner, may be deemed to be the beneficial owner of all such Shares held by the Partnerships. Each of the Management Company, the General Partner and the Individual Reporting Persons hereby disclaims any beneficial ownership of any such Shares. Item 5. Ownership Of Five Percent Or Less Of A Class If this statement is being filed to report the fact that, on the date hereof, the Reporting Persons are not the deemed beneficial owner of more than five percent of the class of securities, check the following [ X ]4. Item 6. Ownership Of More Than Five Percent On Behalf Of Another Person Not Applicable. Item 7. Identification And Classification Of The Subsidiary Which Acquired The Security Being Reported On By The Parent Holding Company Not Applicable. Item 8. Identification And Classification Of Members Of The Group Not Applicable. Item 9. Notice Of Dissolution Of Group - ----------------------------- 4 The Reporting Persons hold an aggregate of 252,957 Shares, which is 4.97% of the class of securities. The percentage in row 11 of each cover page hereto is reported at 5.0% pursuant to the instructions to the Schedule 13G. Page 23 of 25 Pages Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 24 of 25 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: February 7, 2000 /s/ Joseph F. Downes ---------------------------------------- FARALLON PARTNERS, L.L.C., on its own behalf and as General Partner of FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., And TINICUM PARTNERS, L.P., By Joseph F. Downes Managing Member /s/ Joseph F. Downes ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C., By Joseph F. Downes Managing Member /s/ Joseph F. Downes ---------------------------------------- Joseph F. Downes, individually and as attorney-in-fact for each of Enrique H. Boilini, David I. Cohen, William F. Duhamel, Fleur E. Fairman, Jason M. Fish, Andrew B. Fremder, Richard B. Fried, William F. Mellin, Stephen L. Millham, Meridee A. Moore, Thomas F. Steyer and Mark C. Wehrly. The Powers of Attorney, each executed by Boilini, Cohen, Fairman, Fish, Fremder, Mellin, Millham, Moore and Steyer authorizing Downes to sign and file this Schedule 13G on each person's behalf, which were filed with Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission on January 20, 1998, by such Reporting Persons with respect to the Units of Spiros Development Corporation II, Inc., are hereby incorporated by reference. The Powers of Attorney, each executed by Duhamel and Fried authorizing Downes to sign and file this Schedule 13G on each person's behalf, which were filed with Amendment No. 7 to the Schedule 13D filed with the Securities and Exchange Commission on February 9, 1999 by such Reporting Persons with respect to the Callable Class A Common Stock of Crescendo Pharmaceuticals Corporation, are hereby incorporated by reference. The Power of Attorney executed by Mark C. Wehrly authorizing Downes to sign and file this Schedule 13G on his behalf, which was filed with Amendment No. 4 to the Schedule 13D filed with the Securities and Exchange Commission on January 18, 2000, by such Reporting Person with respect to the Class A Common Stock of Momentum Business Applications, Inc., is hereby incorporated by reference. Page 25 of 25 Pages -----END PRIVACY-ENHANCED MESSAGE-----