<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
LIBERTE INVESTORS INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
530154-10-3
(CUSIP NUMBER)
with a copy to:
Gerald J. Ford Michael D. Wortley
Hunter's Glen/Ford, Ltd. Vinson & Elkins L.L.P.
200 Crescent Court 3700 Trammell Crow Center
Suite 1350 2001 Ross Avenue
Dallas, Texas 75201 Dallas, Texas 75201-2975
(214) 871-5131 (214) 220-7732
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
August 26, 1996
(Date of Event which Requires Filing of this Statement on Schedule 13D)
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(e), (f) or (g), check the
following box. / /
Check the following box if a fee is being paid with this 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 less than five percent
of such class. See Rule 13d-7.)
<PAGE>
CUSIP NO. 530154-10-3 Schedule 13D/A Page 2 of 9
<TABLE>
<S> <C>
- --------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
Gerald J. Ford ###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds
BK, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
0
Number of ---------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 8,002,439
Owned ---------------------------------------------------------------
by Each 9 Sole Dispositive Power
Reporting 0
Person With ---------------------------------------------------------------
10 Shared Dispositive Power
8,002,439
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,002,439
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares / /
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
39.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person
IN
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP NO. 530154-10-3 Schedule 13D/A Page 3 of 9
<TABLE>
<S> <C>
- --------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
Ford Diamond Corporation 75-2549369
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds
BK, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
State of Texas
- --------------------------------------------------------------------------------
7 Sole Voting Power
0
Number of ---------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 8,002,439
Owned ---------------------------------------------------------------
by Each 9 Sole Dispositive Power
Reporting 0
Person With ---------------------------------------------------------------
10 Shared Dispositive Power
8,002,439
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,002,439
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares / /
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
39.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person
CO
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP NO. 530154-10-3 Schedule 13D/A Page 4 of 9
<TABLE>
<S> <C>
- --------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
Hunter's Glen/Ford, Ltd. 75-2571826
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds
BK, OO
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
State of Texas
- --------------------------------------------------------------------------------
7 Sole Voting Power
0
Number of ---------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially 8,002,439
Owned ---------------------------------------------------------------
by Each 9 Sole Dispositive Power
Reporting 0
Person With ---------------------------------------------------------------
10 Shared Dispositive Power
8,002,439
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,002,439
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares / /
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
39.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person
OO
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Schedule 13D/A Page 5 of 9
This Amendment No. 1 to Schedule 13D is being filed by Gerald J. Ford,
Ford Diamond Corporation and Hunter's Glen/Ford, Ltd. to amend the original
Schedule 13D dated August 26, 1996 filed by Gerald J. Ford (the "Original
Schedule 13D"): (i) to add cover pages and signatures for Ford Diamond
Corporation and Hunter's Glen/Ford, Ltd., (ii) to amend Items 2, 7, 8, 9, 10,
11 and 13 of Gerald J. Ford's cover page and (iii) to amend Items 1, 2, 5,
and 7 to incorporate the effects of items (i) and (ii) and the February 14,
1997 sale by Hunter's Glen/Ford, Ltd. of 100,000 Shares of Liberte Investors
Inc. common stock. The cover page for Gerald J. Ford and the full text of
each of Items 1, 2, 5, and 7, as amended hereby, are restated in their
entirety in this Amendment No. 1. Items 3, 4 and 6 of the original Schedule
13D remain unchanged.
ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, $.01 par value per share, of
Liberte Investors Inc., whose principal executive offices are located at 200
Crescent Court, Suite 1365, Dallas, Texas 75201.
ITEM 2. IDENTITY AND BACKGROUND
This Schedule 13D is being filed by Gerald J. Ford, Ford Diamond
Corporation and Hunter's Glen/Ford, Ltd. (collectively, the "Reporting
Persons").
Mr. Ford's principal occupation is Chairman of the Board and Chief
Executive Officer of Golden State Bancorp Inc., a Delaware corporation, and
of California Federal Bank, a Federal Savings Bank, an indirect wholly owned
subsidiary of Golden State Bancorp Inc. The principal business address of
Mr. Ford is 200 Crescent Court, Suite 1350, Dallas, Texas 75201. Mr. Ford is
a United States citizen.
Ford Diamond Corporation is a Texas corporation having its principal
executive office at 200 Crescent Court, Suite 1350, Dallas, Texas 75201. Mr.
Ford owns all of the capital stock of Ford Diamond Corporation and is its
sole director. Ford Diamond Corporation serves as a general partner of
Hunter's Glen/Ford, Ltd. and of other Ford family partnerships.
Hunter's Glen/Ford, Ltd. is a Texas limited partnership having its
principal executive office at 200 Crescent Court, Suite 1350, Dallas, Texas
75201. Hunter's Glen/Ford, Ltd. was organized for estate planning purposes
and owns 8,002,439 shares of the common stock of Liberte Investors Inc. Mr.
Ford and Ford Diamond Corporation are the two general partners of Hunter's
Glen/Ford, Ltd. The sole limited partner of Hunter's Glen/Ford, Ltd. is a
trust established for the benefit of Mr. Ford's children.
The name, business address, present principal occupation or employment
and citizenship of each director and executive officer of Ford Diamond
Corporation is set forth in Schedule I hereto and is incorporated herein by
reference. All of the individuals named on Schedule I are citizens of the
United States of America.
To the knowledge of the Reporting Persons, during the last five years
neither any of the Reporting Persons nor any of the persons listed on
Schedule I hereto has been (a) convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (b) 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
violations with respect to such laws.
<PAGE>
Schedule 13D/A Page 6 of 9
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b).
Hunter's Glen/Ford, Ltd. is the record and beneficial owner of 8,002,439
shares of Liberte Investors Inc. common stock, which represents approximately
39.5% of Liberte Investors Inc.'s outstanding common stock. As a result of
the relationship of Gerald J. Ford to Hunter's Glen/Ford, Ltd., Ford Diamond
Corporation to Hunter's Glen/Ford, Ltd. and Ford Diamond Corporation to
Gerald J. Ford, each Reporting Person may be deemed to have shared power to
vote, or direct the vote of, and to dispose, or direct the disposition of,
the 8,002,439 shares of Liberte Investors Inc. common stock owned directly by
Hunter's Glen/Ford, Ltd.
On August 16, 1996, Hunter's Glen/Ford, Ltd. acquired 8,102,439 shares
of common stock of Liberte Investors Inc., representing 40.0% of the
20,256,097 shares of common stock then outstanding, at a price of $2.85 per
share. On February 14, 1997 Hunter's Glen/Ford, Ltd. sold 100,000 shares of
common stock of Liberte Investors Inc., at a price of $2.85 per share,
pursuant to a private sale.
(c) The following table details the transactions in shares of common
stock of Liberte Investors Inc. since the most recent filing on Schedule 13D:
<TABLE>
<CAPTION>
Date Transaction Quantity Price
----------------- -------------------------------- -------- -----------
<S> <C> <C> <C>
February 14, 1997 Sale by Hunter's Glen/Ford, Ltd. 100,000 $2.85/Share
</TABLE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Loan Agreement dated August 15, 1996 between Hunter's Glen/Ford,
Ltd. and NationsBank of Texas, N.A.*
Exhibit B: Promissory Note dated August 15, 1996 between Hunter's Glen/Ford,
Ltd. and NationsBank of Texas, N.A.*
Exhibit C: Pledge Agreement dated August 15, 1996 between Hunter's Glen/Ford,
Ltd. and NationsBank of Texas, N.A.*
Exhibit D: Promissory Note dated August 16, 1996 between Hunter's Glen/Ford,
Ltd. and Gerald J. Ford.*
Exhibit E: Joint Filing Agreement dated December 2, 1998 among Gerald J.
Ford, Ford Diamond Corporation and Hunter's Glen/Ford, Ltd..
* Previously filed.
<PAGE>
Schedule 13D/A Page 7 of 9
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned hereby certify that the information set forth in
this statement is true, complete and correct.
December 2, 1998 /s/ Gerald J. Ford
----------------------
Gerald J. Ford
December 2, 1998 FORD DIAMOND CORPORATION, a Texas corporation
By: /s/ Gerald J. Ford
------------------
Name: Gerald J. Ford
Title: President
December 2, 1998 HUNTER'S GLEN/FORD, LTD., a Texas limited
partnership
By: /s/ Gerald J. Ford
------------------
Name: Gerald J. Ford
Title: General Partner
<PAGE>
Schedule 13D/A Page 8 of 9
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
Ford Diamond Corporation
Set forth below is each director and executive officer of Ford Diamond
Corporation. The principal address of Ford Diamond Corporation and, unless
otherwise indicated below, the current business address for each individual
listed below is 200 Crescent Court, Suite 1350, Dallas, Texas 75201. Each
such person is a citizen of the United States.
<TABLE>
<CAPTION>
NAME AND ADDRESS POSITION HELD WITH PRESENT PRINCIPAL OCCUPATION
FORD DIAMOND CORPORATION OR EMPLOYMENT
<S> <C> <C>
Gerald J. Ford President and Sole Director Chairman and Chief Executive
Officer, Golden State
Bancorp Inc. and California
Federal Bank
Nancy J. Foederer Vice President and Treasurer Vice President and Treasurer,
Diamond A-Ford Corporation
Charles W. Brown Secretary and Assistant Treasurer Secretary, Diamond A-Ford
Corporation
Shirley Booth Assistant Secretary Executive Assistant,
California Federal Bank
Robert C. Taylor Assistant Secretary Attorney,
Taylor Lohmeyer
Corrigan, PC
2911 Turtle Creek Blvd,
Suite 1010
Dallas, Texas 75219
</TABLE>
<PAGE>
Schedule 13D/A Page 9 of 9
EXHIBIT INDEX
Exhibit A: Loan Agreement dated August 15, 1996 between Hunter's Glen/Ford,
Ltd. and NationsBank of Texas, N.A.*
Exhibit B: Promissory Note dated August 15, 1996 between Hunter's Glen/Ford,
Ltd. and NationsBank of Texas, N.A.*
Exhibit C: Pledge Agreement dated August 15, 1996 between Hunter's
Glen/Ford, Ltd. and NationsBank of Texas, N.A.*
Exhibit D: Promissory Note dated August 16, 1996 between Hunter's Glen/Ford,
Ltd. and Gerald J. Ford.*
Exhibit E: Joint Filing Agreement dated December 2, 1998 among Gerald J.
Ford, Ford Diamond Corporation and Hunter's Glen/Ford, Ltd..
* Previously filed.
<PAGE>
Schedule 13D/A
EXHIBIT E
Agreement Pursuant to Rule 13d-1(k) filed herewith
Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act
of 1934, as amended, the undersigned agree that the statement to which this
Exhibit is attached is filed on behalf of each of them in the capacities set
forth below.
December 2, 1998 /s/ Gerald J. Ford
----------------------
Gerald J. Ford
December 2, 1998 FORD DIAMOND CORPORATION, a Texas corporation
By: /s/ Gerald J. Ford
------------------
Name: Gerald J. Ford
Title: President
December 2, 1998 HUNTER'S GLEN/FORD, LTD., a Texas limited
partnership
By: /s/ Gerald J. Ford
------------------
Name: Gerald J. Ford
Title: General Partner
E-1
