SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No.2)*
TOM BROWN, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
115660201
(CUSIP Number)
Jonathan C. Calvert
Austin, Calvert & Flavin, Inc.
112 East Pecan, Suite 2800, San Antonio, Texas 78205 (210) 224-8241
(Name, address and telephone number of person
authorized to receive notices and communications)
June 13, 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 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 purposes 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>
13D
CUSIP No. 115660201
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Austin, Calvert & Flavin, Inc.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
00 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
Texas
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,866,750
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,866,750
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,866,750
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.8%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA CO
____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 115660201
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Encino Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(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
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
200,000
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
200,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
200,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.8%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 115660201
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Edward H. Austin, Jr.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
00, PF
____________________________________________________________
(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
253,900
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
2,066,750
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
253,900
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,066,750
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,320,650
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 115660201
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonathan C. Calvert
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
00
____________________________________________________________
(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
5,000
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
2,066,750
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
5,000
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,066,750
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,071,750
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 115660201
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Harry M. Flavin
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
00
_____________________________________________________________________________
(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
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
2,066,750
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,066,750
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,066,750
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
The Schedule 13D, initially filed on June 19, 1996, as amended by
Amendment No. 1, filed on January 3, 1997 (the "Schedule 13D"),of Austin,
Calvert & Flavin, Inc. ("AC&F"), Encino Partners, L.P. ("Encino"), Edward H.
Austin, Jr., Jonathan C. Calvert and Harry M. Flavin, relating to shares of
Common Stock (the "Shares") of Tom Brown, Inc.(the "Company"), a Delaware
corporation, is hereby amended by this Amendment No.2 to the Schedule 13D as
follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The investment cost is (i) $31,950,809 for 1,866,750 Shares
beneficially owned by AC&F, (ii) $2,824,343 for 200,000 Shares beneficially
owned by Encino, (iii) $4,159,783 for 253,900 Shares beneficially owned by Mr.
Austin other than those owned by AC&F and Encino, and (iv) $87,165 for 5,000
Shares beneficially owned by Mr. Calvert other than those owned by AC&F and
Encino. Mr. Flavin does not beneficially own any Shares other than the Shares
owned by AC&F and Encino. The aggregate investment cost of all the Shares
beneficially owned by the Group is $39,022,100.
The Shares purchased by Encino were purchased with its investment
capital. The Shares purchased by Mr. Austin for himself and members of Mr.
Austin's family were purchased with personal funds and investment capital of
such persons. Shares purchased by Mr. Calvert for himself were purchased with
personal funds. The Shares purchased by AC&F on behalf of discretionary
accounts managed by it were purchased with the investment capital of the
respective discretionary account.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The approximate aggregate percentage of Shares reported
beneficially owned by each person herein is based on 23,950,714 Shares
outstanding as of June 2, 1997 based on discussions with representatives of
the Company on June 2, 1997. The aggregate number of Shares beneficially
owned by the Group is 2,325,650 representing approximately 9.7% of the Shares
outstanding.
As of the date hereof:
(i) AC&F owns directly no Shares. By reason of the
provisions of Rule 13d-3 of the Act, AC&F may be deemed to own beneficially
1,866,750 Shares, constituting approximately 7.8% of the Shares outstanding.
(ii) Encino owns directly 200,000 Shares, constituting
approximately .8% of the Shares outstanding.
(iii) Mr. Austin, by reason of the provisions of Rule 13d-3
of the Act, may be deemed to own beneficially 2,320,650 Shares (including
60,600 Shares of which are directly owned by Mr. Austin and 193,300 Shares of
which have been purchased for discretionary accounts managed by Mr. Austin for
the benefit of family members), constituting approximately 9.7% of the Shares
outstanding.
(iv) Mr. Calvert, by reason of the provisions of Rule 13d-3
of the Act, may be deemed to own beneficially 2,071,750 Shares (including
5,000 shares of which are directly owned by Mr. Calvert), constituting
approximately 8.7% of the Shares outstanding.
(v) Mr. Flavin owns directly no Shares. By reason of the
provisions of Rule 13d-3 of the Act, Mr. Flavin may be deemed to own
beneficially 2,066,750 Shares, constituting 8.6% of the Shares outstanding.
(b) Messrs. Austin, Calvert and Flavin and AC&F share voting and
investment power as to Shares held in discretionary accounts managed by AC&F.
Messrs. Austin, Calvert and Flavin and Encino share voting and investment
power as to Shares owned by Encino. Mr. Austin has sole power to vote and
dispose of Shares directly owned by Mr. Austin and Shares owned by members of
Mr. Austin's family. Mr. Calvert has sole power to vote and dispose of shares
owned by Mr. Calvert.
(c) The trading dates, number of shares of Common Stock
purchased or sold and price per share for all transactions in the Shares from
the 60th day prior to June 13, 1997 by AC&F on behalf of discretionary
accounts managed by it are set forth on Schedule A. All such transactions
were effected through Nasdaq. During such period, neither Encino, Mr. Austin
(or members of Mr. Austin's Family), Mr. Calvert nor Mr. Flavin entered into
any transactions in the Shares.
(d) No person other than each respective record owner of Shares
is known to have the right to receive or the power to direct the receipt of
dividends from or the proceeds of sale of such Shares.
<PAGE>
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: June 17, 1997 /s/ JONATHAN C. CALVERT
Jonathan C. Calvert, as
President of
Austin, Calvert & Flavin, Inc.
/s/ HARRY M. FLAVIN
Harry M. Flavin, as
General Partner of
Encino Partners, L.P.
/s/ EDWARD H. AUSTIN, JR.
Edward H. Austin, Jr.
/s/ JONATHAN C. CALVERT
Jonathan C. Calvert
/s/ HARRY M. FLAVIN
Harry M. Flavin
<PAGE>
Schedule A
AC&F Managed Accounts
Price Per Share
Date of Number of Shares (including
Transaction Entity Purchased/(Sold) Commissions, if any)
- ----------------------------------------------------------------------------
04/21/97 AC&F-Managed 800 18.000
04/25/97 AC&F-Managed (1,000) 17.875
04/29/97 AC&F-Managed 1,000 18.125
05/02/97 AC&F-Managed (600) 18.000
05/09/97 AC&F-Managed 2,800 20.000
05/13/97 AC&F-Managed (1,000) 21.000
05/15/97 AC&F-Managed 800 19.875
05/20/97 AC&F-Managed 3,000 19.750
05/20/97 AC&F-Managed 2,000 19.875
05/20/97 AC&F-Managed 2,000 20.000
05/22/97 AC&F-Managed 300 20.125
05/30/97 AC&F-Managed 3,600 19.875
05/30/97 AC&F-Managed 700 20.125
06/03/97 AC&F-Managed 6,000 20.000
06/04/97 AC&F-Managed 500 20.125
06/05/97 AC&F-Managed 3,900 20.125
06/13/97 AC&F-Managed 2,900 19.250
