-----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, U+tSJaai0WGV7hLtq5XenUhjGMxHHcM3o80zeSg5Q8/Frkznlqy8evQMheyk4L9Q 0WsENgwFbRAfbSHHUwwmaA== 0000935836-95-000047.txt : 19951118 0000935836-95-000047.hdr.sgml : 19951118 ACCESSION NUMBER: 0000935836-95-000047 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19951109 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LAWYERS TITLE CORP CENTRAL INDEX KEY: 0000877355 STANDARD INDUSTRIAL CLASSIFICATION: TITLE INSURANCE [6361] IRS NUMBER: 541589611 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-42082 FILM NUMBER: 95588470 BUSINESS ADDRESS: STREET 1: 6630 W BROAD ST CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: 8042816700 MAIL ADDRESS: ZIP: C FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKHAVEN CAPITAL MANAGEMENT CO LTD ET AL CENTRAL INDEX KEY: 0000932704 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 3000 SANDHILL RD STREET 2: STE 130 BLDG 4 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 4158545544 SC 13D 1 OMB APPROVAL OMB Number:3235-0145 Expires:October 31, 1994 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 Lawyers Title Corporation (Name of Issuer) Common Stock - --------------------------------------------------------------------------- (Title of Class of Securities) 521029108 (CUSIP Number) Carolyn S. Reiser, Esq. Shartsis Friese & Ginsburg One Maritime Plaza, 18th Floor San Francisco, CA 94111 (415) 421-6500 - --------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 30, 1995 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 /XX/. (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) SCHEDULE 13D CUSIP No. 521029108 Page 3 of * Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Brookhaven Capital Management Co., Ltd. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF and 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 New York - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 9,500 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 502,611 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 9,500 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 502,611 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 512,111 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO and IA - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 521029108 Page 4 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Vincent A. Carrino - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (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 15,500 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 358,061 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 15,500 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 358,061 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 373,561 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.2 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 521029108 Page 5 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Cadence Fund, L.P. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (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 - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 206,900 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 206,900 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 206,900 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 521029108 Page 6 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Focused Capital Partners, L.P. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (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 - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 151,161 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 151,161 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 151,161 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.7 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 521029108 Page 7 of 13 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON Daniel R. Coleman - --------------------------------------------------------------------------- 2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/ (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 358,061 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH -0- -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 358,061 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 358,061 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 521029108 Page 8 of 13 Pages ITEM 1. SECURITY AND ISSUER. This statement relates to shares of Common Stock (the "Stock") of Lawyers Title Corporation ("LTC"). The principal executive office of LTC is located at 6630 West Broad Street, Richmond, Virginia 23230. 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) Focused Capital Partners, L.PL., a Delaware limited partnership ("FCP") (formerly called Brookhaven Partners, L.P.); Cadence Fund, L.P., a Delaware limited partnership ("CF"); Brookhaven Capital Management Co., Ltd., a New York corporation ("BCM"); Vincent A. Carrino ("Carrino"); and Daniel R. Coleman ("Coleman"). (b) The business address of BCM, FCP, CF and Carrino is 3000 Sandhill Road, Building 4, Suite 130, Menlo Park, California 94025. The business address of Coleman is 500 108th Avenue NE, Suite 380, Bellevue, Washington 98004. (c) BCM is an investment adviser to various accounts including FCP and CF, which are investment limited partnerships. Carrino and Coleman are the general partners of FCP and CF. Carrino is the sole director and president of BCM. (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) Carrino and Coleman are citizens of the United States of America. SCHEDULE 13D CUSIP No. 521029108 Page 9 of 13 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 BCM Working Capital $ 101,267 BCM Funds Under Management(1) $7,242,299 CF Working Capital $3,023,426 FCP Working Capital $2,125,401 Carrino Funds Under Management $ 223,820 (1) Includes funds of CF and FCP invested in Stock. ITEM 4. PURPOSE OF TRANSACTION. The sole purpose of the acquisitions of Stock reported herein was initially for investment. 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 BCM 512,111 5.8 9,500 502,611 9,500 502,611 CF 206,900 2.3 0 206,900 0 206,900 FCP 151,161 1.7 0 151,161 0 151,161 Carrino 373,561 4.2 15,500 358,061 15,500 358,061 Coleman 358,061 4.0 0 358,061 0 358,061 SCHEDULE 13D CUSIP No. 521029108 Page 10 of 13 Pages The persons filing this statement effected the following transactions in the Stock on the dates indicated, and such transactions are the only transactions by the persons filing this statement in the Stock since September 7, 1995. Purchase Number Price Broker Name or Sale Date of Shares Per Share Used CF P 9-11-95 5,000 15.2500 AJPA FCP P 9-11-95 5,000 15.2500 AJPA CF S 9-15-95 1,000 16.5000 STAR CF P 10-12-95 2,000 15.0000 STAR FCP P 10-13-95 5,000 15.6250 BRDG CF P 10-16-95 7,000 15.7500 BRDG CF P 10-23-95 7,000 15.1875 BRDG CF S 10-24-95 5,000 15.7500 STAR BCM P 10-24-95 2,000 15.5000 AJPA BCM P 10-24-95 5,000 15.5000 BRDG FCP P 10-27-95 1,000 15.8750 GRUN FCP P 10-27-95 6,000 16.0000 STAR CF P 10-27-95 5,000 15.7500 STAR BCM P 10-27-95 5,000 16.0000 STAR BCM P 10-30-95 15,000 15.0000 STAR BCM P 10-30-95 13,000 15.7159 GRUN FCP P 10-30-95 1,000 15.5000 BEAR FCP P 10-30-95 2,500 15.2000 AJPA FCP P 10-30-95 4,000 15.6250 BEAR FCP P 10-30-95 9,000 15.7159 GRUN FCP P 10-30-95 40,000 15.0000 STAR CF P 10-30-95 60,000 15.0000 STAR CARRINO P 10-31-95 5,000 16.3250 BEAR BCM S 10-31-95 8,200 16.5000 HOEN AJPA - A.J. Pace & Co., Inc. BEAR - Bear Stearns Securities Corp. BRDG - Bridge Trading Company GRUN - Gruntal & Co. Incorporated HOEN - Hoenig & Co., Inc. STAR - Starr Securities, Inc. SCHEDULE 13D CUSIP No. 521029108 Page 11 of 13 Pages ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Carrino and Coleman are the general partners of FCP and CF pursuant to limited partnership agreements providing to Carrino and Coleman the authority, among other things, to invest the funds of FCP and CF in Stock, to vote and dispose of Stock and to file this statement on behalf of FCP and CF. Pursuant to such limited partnership agreements, the general partners of FCP and CF are entitled to allocations based on assets under management and reali zed and unrealized gains. Pursuant to investment management agreements, BCM is authorized, among other things, to invest funds of its various investment advisory clients, and to vote and dispose of those securities. Such investment management agreements may be terminated by either party on notice as provided in such agreements and provide for fees payable to BCM based on assets under management and realized and unrealized gains. Carrino is authorized by various individuals and entities to invest funds of those individuals and entities and to vote and dispose of those securities. Carrino does not receive any fees for such activities. SCHEDULE 13D CUSIP No. 521029108 Page 12 of 13 Pages ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G (including power of attorney). 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: November 8, 1995. FOCUSED CAPITAL PARTNERS, L.P. CADENCE FUND, L.P. /s/ Vincent A. Carrino /s/ Vincent A. Carrino By: _______________________ By: ________________________ Vincent A. Carrino Vincent A. Carrino General Partner General Partner BROOKHAVEN CAPITAL MANAGEMENT CO., LTD. /s/ Vincent A. Carrino /s/ Vincent A. Carrino By: _______________________ _____________________________ Vincent A. Carrino Vincent A. Carrino President DANIEL R. COLEMAN By: Brookhaven Capital Management Co., Ltd., Attorney-in-Fact /s/ Vincent A. Carrino By: ______________________ Vincent A. Carrino President SCHEDULE 13D CUSIP No. 521029108 Page 13 of 13 Pages EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13D OR 13G The undersigned agree to file jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases by the undersigned of Common Stock of Lawyers Title Corporation. For that purpose, the undersigned hereby constitute and appoint Brookhaven Capital Management Co., Ltd., a New York corporation, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with said section 13(d) in connection with said purchases, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present. DATED: November 8, 1995. BROOKHAVEN PARTNERS, L.P. CADENCE FUND, L.P. /s/ Vincent A. Carrino /s/ Vincent A. Carrino By: _______________________ By: ________________________ Vincent A. Carrino Vincent A. Carrino General Partner General Partner BROOKHAVEN CAPITAL MANAGEMENT CO., LTD. /s/ Vincent A. Carrino /s/ Vincent A. Carrino By: _______________________ _____________________________ Vincent A. Carrino Vincent A. Carrino President DANIEL R. COLEMAN By: Brookhaven Capital Management Co., Ltd., Attorney-in-Fact /s/ Vincent A. Carrino By: ______________________ Vincent A. Carrino President C:\DMS\4193\001\0143148.WP -----END PRIVACY-ENHANCED MESSAGE-----