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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
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THE TITAN CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
888266103
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(CUSIP Number)
Michele L. Sheldon
Gibson, Dunn & Crutcher
333 So. Grand Ave
Los Angeles, CA 90071
(213) 229-7905
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 10, 1996
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(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 [_]. (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).
Page 1 of 6 pages
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SCHEDULE 13D
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CUSIP NO. 888266103
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Feibusch; Feibusch & Co., Inc. IRS ID No.: 68-003700; Bob K.
Pryt SSN:###-##-####: BKP Capital Management 94-3137664: BKP Partners,
L.P., a California Limited Partnership 94-3124071
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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4 SOURCE OF FUNDS*
WC; OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
California: Feibusch & Co., Inc, BKP Capital Management; BKP Partners,
L.P.; USA: Robert J. Feibusch, Bob K. Pryt
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SOLE VOTING POWER
7
NUMBER OF Robert J. Feibusch: 0; Feibusch & Co., Inc.: 0; BKP
Capital Management: 0; BKP Partners, L.P.: 0; Bob K.
SHARES Pryt: 0
BENEFICIALLY -----------------------------------------------------------
SHARED VOTING POWER
OWNED BY 8
Robert J. Feibusch: 705,100; Feibusch & Co., Inc.:
EACH 705,100; BKP Capital Management: 1,080,000; BKP
Partners, L.P.: 1,080,000; Bob K. Pryt: 1,080,000
REPORTING -----------------------------------------------------------
SOLE DISPOSITIVE POWER
PERSON 9
Robert J. Feibusch: 0; Feibusch & Co., Inc.: 0; BKP
WITH Capital Management: 0; BKP Partners, L.P.: 0; Bob K.
Pryt: 0
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SHARED DISPOSITIVE POWER
10
Robert J. Feibusch: 705,100; Feibusch & Co., Inc.:
705,100; BKP Capital Management: 1,080,000; BKP
Partners, L.P.: 1,080,000; Bob K. Pryt: 1,080,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Robert J. Feibusch: 705,100; Feibusch & Co., Inc.: 705,100; BKP Capital
Management: 1,080,000; BKP Bob K. Pryt: 1,080,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
Robert J. Feibusch: 4.38%; Feibusch & Co., Inc.: 4.38%; BKP Capital
Management: 6.72%; BKP Partners, 6.72%
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TYPE OF REPORTING PERSON*
14
Feibusch & Co., Inc.: CO; BKP Capital Management: CO; BKP Partners, L.P.:
PN; Robert J. Feibusch: IN; Bob K. Pryt: IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
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TO SECURITIES OF THE ISSUER
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Attached hereto as Exhibit G is a letter signed by each of the
reporting persons confirming the termination of their letter
agreement dated October 4, 1995 and that they will no longer file
as a "group" on schedule 13D.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------
Item 7 is hereby supplemented and amended to include the following
information:
Exhibit G -- Letter dated September 10, 1996 Feibusch & Co., Inc.
to Bob K. Pryt, BKP Capital Management, Inc.
Page 3
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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.
Dated: September 10, 1996
Robert J. Feibusch
Feibusch & Co., Inc.
BKP Capital Management
BKP Partners, L.P.
Bob K. Pryt
by /s/ Robert J. Feibusch
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Robert J. Feibusch
Attorney-in-Fact
Page 4
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT SEQUENTIAL
LETTER TITLE PAGE NUMBER
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<S> <C> <C>
G Letter dated September 10, 1996 from Feibusch & 6
Co., Inc. to Bob K. Pryt, BKP Capital Management,
Inc.
</TABLE>
Page 5
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FEIBUSCH & CO., INC.
80 East Sir Francis Drake Boulevard
Larkspur, California 94939
415-925-9777
Fax: 415-925-9780
September 10, 1996
Bob K. Pryt
BKP Capital Management, Inc.
One Sansome Street
Suite 3900
San Francisco, CA 94104
Dear Bob:
This is to confirm the termination of our letter agreement dated November
21, 1995, concerning our respective ownership of common stock of The Titan
Corporation (Titan).
Henceforth, we shall not act in concert or share expenses concerning our
investments in Titan, and shall make no further "group" filings on Schedule 13D,
other than a single filing to disclose the information set forth herein.
Each of us acknowledges that we have no agreement, arrangement or
understanding with respect to the acquisition, disposition, holding or voting of
our respective Titan shares.
Very truly yours
Feibusch & Co., Inc.
/s/ Robert J. Feibusch
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Robert J. Feibusch, President
Confirmed as set forth above:
Bob K. Pryt
BKP Capital Management
BKP Partners, L.P.
By: /s/ Bob K. Pryt
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Bob K. Pryt
Page 6
