<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
LightTouch Vein & Laser, Inc.
(Name of Issuer)
Shares of Common Stock
(Title of Class of Securities)
523364 20 7
(CUSIP number)
Edmund H. Shea, Jr.
C/o J.F. Shea Co., Inc. , 644 Brea Canyon Road, Walnut, CA 91789, (909) 594-9500
(Name, address and telephone number of person authorized to receive notices and
communications)
September 1, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section
240.13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 15 Pages)
----------------------------------------
*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 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> 2
Page 2 of 15 Pages
SCHEDULE 13D
For J.F. Shea Company:
--------------------------------------------------------------------------------
CUSIP NO.
523364 20 7
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON J.F. Shea Co., Inc.
S.S. OR I.R.S. IDENTIFICATION NO. 94-1530032
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
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
Nevada
----------------------------------------------------------------- --------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,255,855
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,255,855
------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,255,855
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.74%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
<PAGE> 3
Page 3 of 15 Pages
For Edmund H. Shea, Jr.:
--------------------------------------------------------------------------------
CUSIP NO.
523364 20 7
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Edmund H. Shea, Jr.
S.S. OR I.R.S. IDENTIFICATION NO.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
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 of America
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,255,855 (Includes 1,255,855 shares owned by J.F. Shea & Co., Inc.)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.74% (Including J.F. Shea Co., Inc. shares)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
<PAGE> 4
Page 4 of 15 Pages
For Peter O. Shea:
--------------------------------------------------------------------------------
CUSIP NO.
523364 20 7
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Peter O. Shea
S.S. OR I.R.S. IDENTIFICATION NO.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
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 of America
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.74% (Including J.F. Shea Co., Inc.)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
<PAGE> 5
Page 5 of 15 Pages
For James G. Shontere:
--------------------------------------------------------------------------------
CUSIP NO.
523364 20 7
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON James G. Shontere
S.S. OR I.R.S. IDENTIFICATION NO.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
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 of America
----------------------------------------------------------------- --------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,255,855 (Includes 1,255,855 shares owned by J.F. Shea & Company)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.74% (Including J.F. Shea Co., Inc. shares)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
<PAGE> 6
Page 6 of 15 Pages
For John F. Shea:
--------------------------------------------------------------------------------
CUSIP NO.
523364 20 7
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON John F. Shea
S.S. OR I.R.S. IDENTIFICATION NO.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
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 of America
----------------------------------------------------------------- --------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co., Inc.)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.74% (Including J.F. Shea Co., Inc. shares)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
<PAGE> 7
Page 7 of 14 Pages
Item 1. SECURITY AND ISSUER
This statement relates to certain shares of common stock (the
"Shares") of LightTouch Vein & Laser, Inc., a Nevada corporation (the "Company")
with its principal executive offices at 414 Glenwood Avenue, Suite 105, Raleigh,
North Carolina 27603
ITEM 2. IDENTITY AND BACKGROUND.
For J.F. Shea Co., Inc.:
(a) Name
J. F. Shea Co., Inc., a Nevada corporation
(b) Residence or Business Address
644 Brea Canyon Road
Walnut, CA 91789
(c) Principal Business and
Address of Principal Business Office
Heavy Construction, Land Development, Venture Capital
Company
644 Brea Canyon Road
Walnut, CA 91789
(d) Past Criminal Convictions
None
(e) Past Civil Proceedings or Administrative
Proceedings Related to Federal or State
Securities Laws Resulting in a Judgment,
Decree or Final Order Finding Violations or
Enjoining Future Violations of Such Laws
None
(f) State of Organization
Nevada
<PAGE> 8
Page 8 of 15 Pages
For John F. Shea:
(a) Name
John F. Shea, President and Director of J.F. Shea Co., Inc.
(b) Residence or Business Address
644 Brea Canyon Road
Walnut, CA 91789
(c) Principal Business and
Address of Principal Business Office
President and Director of J. F. Shea Co., Inc.
644 Brea Canyon Road
Walnut, CA 91789
(d) Past Criminal Convictions
None
(e) Past Civil Proceedings or Administrative
Proceedings Related to Federal or State
Securities Laws Resulting in a Judgment,
Decree or Final Order Finding Violations or
Enjoining Future Violations of Such Laws
None
(f) Citizenship
United States of America
<PAGE> 9
Page 9 of 15 Pages
For Edmund H. Shea
(a) Name
Edmund H. Shea, Vice President and Director of
J.F. Shea Co., Inc.
(b) Residence or Business Address
644 Brea Canyon Road
Walnut, CA 91789
(c) Principal Business and
Address of Principal Business Office
Vice President and Director of J. F. Shea Co., Inc.
644 Brea Canyon Road
Walnut, CA 91789
(d) Past Criminal Convictions
None
(e) Past Civil Proceedings or Administrative
Proceedings Related to Federal or State
Securities Laws Resulting in a Judgment,
Decree or Final Order Finding Violations or
Enjoining Future Violations of Such Laws
None
(f) Citizenship
United States of America
<PAGE> 10
Page 10 of 15 Pages
For Peter O. Shea:
(a) Name
Peter O. Shea, Vice President and Director of
J.F. Shea Co., Inc.
(b) Residence or Business Address
644 Brea Canyon Road
Walnut, CA 91789
(c) Principal Business and
Address of Principal Business Office
Vice President and Director of J.F. Shea Co., Inc.
644 Brea Canyon Road
Walnut, CA 91789
(d) Past Criminal Convictions
None
(e) Past Civil Proceedings or Administrative
Proceedings Related to Federal or State
Securities Laws Resulting in a Judgment,
Decree or Final Order Finding Violations or
Enjoining Future Violations of Such Laws
None
(f) Citizenship
United States of America
<PAGE> 11
Page 11 of 15 Pages
For James G. Shontere:
(a) Name
James G. Shontere, Secretary and Director of
J.F. Shea Co., Inc.
(b) Residence or Business Address
644 Brea Canyon Road
Walnut, CA 91789
(c) Principal Business and
Address of Principal Business Office
Secretary and Director of J.F. Shea Co., Inc.
644 Brea Canyon Road
Walnut, CA 91789
(d) Past Criminal Convictions
None
(e) Past Civil Proceedings or Administrative
Proceedings Related to Federal or State
Securities Laws Resulting in a Judgment,
Decree or Final Order Finding Violations or
Enjoining Future Violations of Such Laws
None
(f) Citizenship
United States of America
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
For all persons listed in Item 2 above:
The securities were acquired as a result of the merger (the "Merger")
of Vanishing Point, Inc. ("Vanishing Point") and a wholly-owned subsidiary of
the Company, pursuant to which Vanishing Point became a wholly-owed subsidiary
of the Company and shares of the Company's common stock ("Shares") were issued
to stockholders of Vanishing Point in consideration for the cancellation of
their stock in Vanishing Point.
<PAGE> 12
Page 12 of 15 Pages
ITEM 4. PURPOSE OF TRANSACTION.
For all persons listed in Item 2 above:
J. F. Shea Co., Inc. has acquired the Shares as a result of the
Merger.
J. F. Shea Co., Inc. intends continuously to review its investments
in the Company and may from time to time acquire or dispose of Shares of the
Company, depending on various factors, including but not limited to general
economic conditions, monetary and stock market conditions and future
developments affecting J. F. Shea Co., Inc. or the Company.
The board of directors of the Company has changed pursuant to the
terms of the Merger, but J. F. Shea Co., Inc. has no current plan to make any
further change to the board of directors of the Company.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
For J. F. Shea Co., Inc.:
(a) Amount Beneficially Owned:
J. F. Shea & Company is the beneficial owner of 1,255,855 Shares, or
6.74% of the outstanding Shares of Common Stock of the Company, after
giving effect to the Merger.
(b) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
1,255,855
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition
of: 1,255,855
(iv) Shared power to dispose or direct the
disposition of: 0
(c) Neither J. F. Shea Co., Inc. nor any of the other persons
listed in Item 2 above has had any transaction involving stock of the Company
during the last 60 days.
(d) Not applicable
(e) Not applicable
<PAGE> 13
Page 13 of 15 Pages
For John F. Shea, Edmund H. Shea, Jr., Peter O. Shea and James G.
Shontere:
(a) Amount Beneficially Owned:
John F. Shea, Edmund H. Shea, Jr., Peter O. Shea and James G.
Shontere are each the beneficial owner of 1,255,855 Shares, or 6.74%
of the outstanding Shares of Common Stock of the Company, after
giving effect to the Merger. Such Shares include 1,255,855 shares
owned by J. F. Shea Co., Inc. of which the above-named persons are
executive officers and directors.
(b) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
0
(ii) Shared power to vote or direct the vote:
1,255,855 (Includes 1,255,855 shares owned by J. F. Shea Co., Inc.)
(iii) Sole power to dispose or direct the disposition
of: 0
(iv) Shared power to dispose or direct the
disposition of: 1,255,855 (Includes 1,255,855 shares owned by J.F. Shea Co.,
Inc.)
(c) None of John F. Shea, Edmund H. Shea, Jr., Peter O. Shea
and James G. Shontere has had any transaction involving stock of the Company
during the last 60 days.
(d) Not applicable
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
For all persons listed in Item 2 above:
The Company entered into a Voting Agreement (the "Voting Agreement")
with certain stockholders of the Company who own in the aggregate,
approximately 70% of the issued and outstanding common stock of the
Company, pursuant to which, as described below, such stockholders of
the Company agreed to vote their shares of the Company, in all
elections of directors that take place between the date of the Merger
and the second anniversary of the Merger, for the persons designated
in accordance with such Voting Agreement.
The Voting Agreement provides that each of the parties thereto will
vote all shares of the common stock of the Company now or hereafter
owned or controlled by them to elect as directors (a) one individual
designated by Jerome Capital, LLC, (b) one individual designated by
Venture Strategy Partners, LP, (c) one individual designated
jointly by Jerome Capital, LLC and Venture Strategy Partners, LP,
and (d) two individuals jointly designated by Gregory Martini and
Plymouth Partners, for election after the date of the Merger at any
meeting of the stockholders of the Company or in any consent in lieu
of a meeting of the stockholders of the Company during the two year
term of the Voting Agreement. Effective at the time that the Merger
became effective, the sole director of the Company, Gregory Martini,
appointed Halley Faust (as designee of Jerome Capital LLC), Joanna
Rees Gallanter (as designee of Venture Strategy Partners, L.P.,
Melisse Shaban (as designee of Jerome Capital LLC and Venture
Strategy Partners, LP), and an additional designee of Gregory
Martini and Plymouth Partners) to vacancies on the board of
directors; Mr. Martini is the other director jointly designated by
Mr. Martini and Plymouth Partners.
A copy of the Voting Agreement, including the names of each of the
stockholders who are parties thereto, is incorporated by reference as
an exhibit hereto.
<PAGE> 14
Page 14 of 15 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A copy of the Merger Agreement, which was filed as an Exhibit to the
Form 8-K filed by the Company on August 15, 2000, as of September 1, 2000,
including the names of each of the stockholders who are parties thereto, is
incorporated by reference as an exhibit to this Schedule 13D.
A copy of the Voting Agreement, which was filed as an Exhibit to the
Form 8-K filed by the Company on August 15, 2000, as of September 1, 2000,
including the names of each of the stockholders who are parties thereto, is
incorporated by reference as an exhibit to this Schedule 13D.
* * *
This statement speaks as of its date, and no inference should be
drawn that no change has occurred in the facts set forth herein after the date
hereof.
Note 1: According to the Form 8-K filed by the Company on August 15, 2000, as of
September 1, 2000 there were outstanding and entitled to vote 18,936,539 shares
of Common Stock of the Company.
<PAGE> 15
Page 15 of 15 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
J. F. Shea & Company
By: /s/ Edmund H. Shea
-------------------------------------
Its Vice President
/s/ John F. Shea
-------------------------------------
John F. Shea
/s/ Edmund H. Shea
-------------------------------------
Edmund H. Shea
/s/ Edmund H. Shea, Jr.
-------------------------------------
Edmund H. Shea, Jr.
/s/ Peter O. Shea
-------------------------------------
Peter O. Shea
/s/ James G. Shontere
-------------------------------------
James G. Shontere
Dated: September 11, 2000
