SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
UNITED PARK CITY MINES COMPANY
(Name of Issuer)
COMMON STOCK, PAR VALUE .01 PER SHARE
(Title of Class of Securities)
911315109
(CUSIP Number)
Irwin D. Rowe Joseph S. Lesser
Loeb Investors Co. XL Loeb Investors Co.XL
61 Broadway 521 Fifth Avenue
New York, NY 10006 New York, NY 10175
(212)783-7025 (212) 883-0363
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 3, 1997
(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 [ ].
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).
<PAGE>
CUSIP No.: 911315109
1. NAME OF REPORTING PERSON:
Loeb Investors Co. XL
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
13-3278209
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
3. SEC USE ONLY:
4. SOURCE OF FUNDS:
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e): [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION: New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER:
1,935,982
8. SHARED VOTING POWER:
9. SOLE DISPOSITIVE POWER:
1,935,982
10. SHARED DISPOSITIVE POWER:
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,935,982
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
71.70%
14. TYPE OF REPORTING PERSON:
PN
<PAGE>
CUSIP No.: 911315109
1. NAME OF REPORTING PERSON:
John L. Loeb, Jr.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
3. SEC USE ONLY:
4. SOURCE OF FUNDS:
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e): [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION: USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
7. SOLE VOTING POWER:
51,540
8. SHARED VOTING POWER:
9. SOLE DISPOSITIVE POWER:
51,540
10. SHARED DISPOSITIVE POWER:
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
51,540
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [X]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
1.91%
14. TYPE OF REPORTING PERSON:
IN
<PAGE>
CUSIP No.: 911315109
1. NAME OF REPORTING PERSON:
Estate of John L. Loeb
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
3. SEC USE ONLY:
4. SOURCE OF FUNDS:
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e): [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION: New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
7. SOLE VOTING POWER:
6,191
8. SHARED VOTING POWER:
9. SOLE DISPOSITIVE POWER:
6,191
10. SHARED DISPOSITIVE POWER:
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
6,191
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [X]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
0.23%
14. TYPE OF REPORTING PERSON:
OO
<PAGE>
This Amendment No. 9 further amends the Schedule 13D Statement dated
July 22, 1985, as previously amended, filed by Loeb Investors Co. XL ("Loeb
Investors") and others.
ITEM 2. IDENTITY AND BACKGROUND
Set forth on Schedule 1 are the names and addresses of each partner of
Loeb Investors and the number of Shares owned by Loeb Investors in which such
partner currently has the pecuniary interest.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION
Loeb Investors acquired the Shares presently owned by it for aggregate
consideration of $15,009,340.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a), (b) According to information furnished by United Park City Mines
Company (the "Company"), there are 2,700,250 outstanding Shares. On the date of
this Amendment, the Reporting Persons beneficially owned an aggregate of
1,993,713 Shares, or 73.84% of the outstanding Shares. The number of Shares and
percentages of the outstanding Shares owned by each of the respective Reporting
Persons (including the Shares referred to in paragraph (c) of this Item 5) are
as follows:
Loeb Investors: 1,935,982 Shares, or 71.70% of the
Shares outstanding.
John L. Loeb, Jr.: 51,540 Shares, or 1.91% of the
Shares outstanding.
Estate of John L. Loeb: 6,191 Shares, or 0.23% of the
Shares outstanding.
(c) On March 3, 1997, Loeb Investors acquired 60,000 Shares in a
private transaction at a purchase price of $13.00 per Share. Such Shares were
allocated to the Loeb Investors partnership capital account of Sandstone
Limited, one of its partners. Sandstone Limited contributed the funds used to
acquire the shares to Loeb Investors as additional capital. Loeb Investors
believes the funds were obtained by Sandstone Limited from its working capital.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
March 6, 1997
LOEB INVESTORS CO. XL
By: /S/ JOSEPH S. LESSER
Joseph S. Lesser, Managing Partner
<PAGE>
SCHEDULE 1
LOEB INVESTORS CO. XL
NAME OF PARTNER ADDRESS NO. OF SHARES
Estate of John L. Loeb c/o Stroock & 404,401
Stroock & Levan
LLP, 180 Maiden Lane
New York, New York
10038
John L. Loeb, Jr. 375 Park Avenue 83,333
New York, NY 10152
John L. Loeb, Jr., and John 375 Park Avenue 35,338.5
A. Levin, Trustees U/W Carl New York, NY 10152
M. Loeb 1/3/55 F/B/O Ann L. Bronfman
John L. Loeb, Jr., and John 375 Park Avenue 41,598.3
A. Levin, Trustees U/W Carl New York, NY 10152
M. Loeb 1/3/55 F/B/O John L. Loeb Jr.
John L. Loeb, Jr., and John 375 Park Avenue 35,338.5
A. Levin, Trustees U/W Carl New York, NY 10152
M. Loeb 1/3/55 F/B/O Judith L. Chiara
John L. Loeb, Jr., and John 375 Park Avenue 35,338.5
A. Levin, Trustees U/W Carl New York, NY 10152
M. Loeb 1/3/55 F/B/O Arthur L. Loeb
John L. Loeb, Jr., and John 375 Park Avenue 66,129.3
A. Levin, Trustees U/W Carl New York, NY 10152
M. Loeb 1/3/55 F/B/O Deborah L. Brice
Henry A. Loeb, Elisabeth L. 61 Broadway 120,593
Levin, Jean L. Troubh and New York, NY 10006
Thomas L. Kempner, Trustee
U/W Carl M. Loeb 1/3/55
F/B/O Henry A. Loeb's Children
Thomas L. Kempner and William 61 Broadway 1,339.5
A. Perlmuth, Trustees U/A New York, NY 10006
dated 3/9/76 F/B/O Adeline M. Kempner
Thomas L. Kempner and William 61 Broadway 6,700.1
A. Perlmuth, Trustees U/W New York, NY 10006
Carl M. Loeb 1/3/55 F/B/O
Thomas L. Kempner
Thomas L. Kempner and William 61 Broadway 6,700.2
A. Perlmuth, Trustees U/W New York, NY 10006
Carl M. Loeb 1/3/55 F/B/O
Alan H. Kempner, Jr.
Thomas L. Kempner and William 61 Broadway 26,795.4
A. Perlmuth, Trustees U/W New York, NY 10006
Carl M. Loeb 1/3/55 F/B/O
Carl L. Kempner
Thomas L. Kempner and William 61 Broadway 17,420.1
A. Perlmuth, Trustees U/W New York, NY 10006
Carl M. Loeb 1/3/55 F/B/O
Margaret L. Kempner's Children
Thomas L. Kempner and William 61 Broadway 6,700.1
A. Perlmuth, Trustees U/I New York, NY 10006
dated 5/19/64 F/B/O Thomas L.
Kempner's Children
Thomas L. Kempner, Jerome A. 61 Broadway 6,700.2
Manning and Alan H. Kempner, New York, NY 10006
Jr., Trustees U/I dated
5/19/64 F/B/O Alan H.
Kempner, Jr.'s Children
Alan H. Kempner, Jr. 9045 N. Morning 6,700.1
Glory Rd.
Paradise Valley,
AZ 85253
Marvin Moser 13 Murray Hill Avenue 1,339.5
Scarsdale, NY 10583
C.V. Starr & Co., Inc. 70 Pine Street 154,094
New York, NY 10270
Sandstone, Limited Tropic Isle Building 809,306.5
Road Town
Tortola, B.V.I.
S&S&L Investment Partnership 180 Maiden Lane 33,936.75
New York, NY 10038
Joseph S. Lesser 521 5th Avenue 29,600.6
New York, NY 10175
Alan L. Gordon 521 Fifth Avenue 1,786.5
New York, NY 10175
Peter Readman 8 South Hampton Place 4,433.5
London, WC1A 2EA,
England
Richard W. Wilkinson, Trustee 106 Commerce Street 357.5
Suite 109
Lake Mary, FL 32476
