UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.2)*
LOJACK CORPORATION
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
539451-10-4
(CUSIP Number)
Alan M. Stark
80 Main Street
West Orange, New Jersey 07052
(201)325-8660
(Name Address, and Telephone Number of Person Authorized to Receive
Notices and Communications)
January 7, 1997
(Date of Event which Requires Filing of this Statement)
If this 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 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 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>
SCHEDULE 13D
CUSIP No. 539451-10-4
__________________________________________________________________
1) Names of Reporting Person S.S. or I.R.S. Identification
No. of Above Person
LEON G. COOPERMAN
S.S. No. ###-##-####
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
_________________________________________________________________
3) SEC Use Only
_________________________________________________________________
4) Source of Funds:
WC
_________________________________________________________________
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e). . . . . . . . . . . .
NOT APPLICABLE
_________________________________________________________________
6) Citizenship or place of Organization:
UNITED STATES
_________________________________________________________________
(7) Sole voting Power
Number of 1,057,100
Shares Bene- ____________________________________________________
ficially (8) Shared Voting Power
owned by 261,300
Each Report- ____________________________________________________
ing Person (9) Sole Dispositive Power
With 1,057,100
_________________________________________________________________
(10) Shared Dispositive Power
261,300
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 1,318,400
_________________________________________________________________
12) Check if the Aggregate Amount in Row (11)
N/A
_________________________________________________________________
13) Percent of Class Represented by Amount in Box (11):
6.5%
_________________________________________________________________
14) Type of Reporting Person
I N <PAGE>
Item 2. Identity and Background.
On December 13, 1996, Cooperman and the other general
partners of Omega Capital Partners, L.P., Omega Institutional
Partners, L.P., and Omega Equity Partners, L.P. organized under the
laws of the State of Delaware a limited liability company known as
Omega Associates, L.L.C. ("Associates"), and effective January 2,
1997 Associates became the sole general partner of Omega Capital
Partners, L.P., Omega Institutional Partners, L.P., and Omega
Equity Partners, L.P. Cooperman is the Managing Member of
Associates.
Associates is a private investment firm formed to invest
in and act as general partner of investment partnerships or similar
investment vehicles. The principal business and office of
Associates is c/o Omega Advisors, Inc., Wall Street Plaza, 88 Pine
Street - 31st Floor, New York, New York 10005.
Neither Associates nor any of the investment entities
controlled by it have, during the last five years, been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors), nor has any such person, during the last five years,
been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which any such person
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
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Cooperman beneficially owns 1,318,400 Shares. Of this
amount, 395,100 Shares were purchased by Omega Capital Partners,
L.P., at a cost of $4,221,061; 32,100 Shares were purchased by
Omega Institutional Partners, L.P., at a cost of $414,180; 143,900
Shares were purchased by Omega Equity Partners, L.P., at a cost of
$1,411,542; 470,900 Shares were purchased by Omega Overseas
Partners, Ltd., at a cost of $4,986,369; 15,100 Shares were
purchased by Omega Overseas Partners II, Ltd., at a cost of
$185,640; and 261,300 Shares were purchased by the Managed Account
at a cost of $3,158,079. The source of funds for the purchase of
all such Shares was investment capital.
Item 5. Interest in Securities of the Issuer.
Based upon a letter from the Company's Director of
Finance and Accounting dated January 8, 1997, there were issued and
outstanding 20,362,571 Shares of Common Stock as of January 8,
1997. Omega Capital Partners, L.P., owns 395,100 Shares, or 1.9%
of those outstanding; Omega Institutional Partners, L.P., owns
32,100 Shares, or 0.2% of those outstanding; Omega Equity Partners,
L.P., owns 143,900 Shares, or 0.7% of those outstanding; Omega
Overseas Partners, Ltd., owns 470,900 Shares, or 2.3% of those
outstanding; Omega Overseas Partners II, Ltd., owns 15,100 Shares,
or 0.1% of those outstanding; and the Managed Account owns 261,300
Shares, or 1.3% of those outstanding.<PAGE>
The following table details the transactions by each of
Omega Capital Partners, L.P., Omega Institutional Partners, L.P.,
Omega Equity Partners, L.P., Omega Overseas Partners, Ltd., Omega
Overseas Partners II, Ltd., and the Managed Account in shares of
Common Stock within the 60 day period prior to this filing. All
such transactions were open market purchase transactions.
Omega Capital Partners, L.P.
Date of Amount of Price Per
Transaction Shares Share
11/12/96 1,900 $ 9.29
12/02/96 1,300 9.38
12/04/96 4,000 9.50
Omega Institutional Partners, L.P.
Date of Amount of Price Per
Transaction Shares Share
11/12/96 2,500 $ 9.29
12/02/96 1,300 9.38
12/04/96 4,300 9.50
Omega Equity Partners, L.P.
Date of Amount of Price Per
Transaction Shares Share
11/11/96 4,000 $ 9.31
11/12/96 2,400 9.29
12/02/96 3,300 9.38
12/04/96 5,500 9.50
01/07/97 22,200 10.30
<PAGE>
Omega Overseas Partners, Ltd.
Date of Amount of Price Per
Transaction Shares Share
11/12/96 1,200 $ 9.29
12/02/96 600 9.38
12/04/96 5,300 9.50
The Managed Account
Date of Amount of Price Per
Transaction Shares Share
11/12/96 300 $ 9.29
12/02/96 200 9.38
12/04/96 900 9.50
Item 7. Material to be Filed as Exhibits.
There is no material to be filed as Exhibits.
Signature
After reasonable inquiry and to the best of the
undersigned's knowledge and belief, the undersigned hereby
certifies that the information set forth in this statement is true,
complete and correct.
Dated: January 9, 1997
/s/ Alan M. Stark
ALAN M. STARK on behalf of LEON G.
COOPERMAN, pursuant to Power of
Attorney on file.
/s/ Alan M. Stark
ALAN M. STARK on behalf of LEON G.
COOPERMAN, as Managing Member of
Omega Associates, L.L.C. on behalf
of Omega Capital Partners, L.P.,
pursuant to Power of Attorney on file.
<PAGE>
/s/ Alan M. Stark
ALAN M. STARK on behalf of LEON G.
COOPERMAN, as Managing Member of
Omega Associates, L.L.C. on behalf
of Omega Institutional Partners, L.P.,
pursuant to Power of Attorney on file.
/s/ Alan M. Stark
ALAN M. STARK on behalf of LEON G.
COOPERMAN, as Managing Member of
Omega Associates, L.L.C. on behalf
of Omega Equity Partners, L.P.,
pursuant to Power of Attorney on file.
/s/ Alan M. Stark
ALAN M. STARK on behalf of LEON G.
COOPERMAN, as President of Omega
Advisors, Inc., pursuant to Power
of Attorney on file.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
