UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.3)*
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
(973)325-8660
(Name Address, and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 18, 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.) NO LONGER APPLICABLE
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
all he 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 1,151,100
Shares Bene- ____________________________________________________
ficially (8) Shared Voting Power
owned by 315,000
Each Report- ____________________________________________________
ing Person (9) Sole Dispositive Power
With 1,151,100
_________________________________________________________________
(10) Shared Dispositive Power
315,000
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 1,466,100
_________________________________________________________________
12) Check if the Aggregate Amount in Row (11)
N/A
_________________________________________________________________
13) Percent of Class Represented by Amount in Box (11):
7.8%
_________________________________________________________________
14) Type of Reporting Person
I N <PAGE>
Item 2. Identity and Background.
Omega Equity Partners, L.P., referred to in the prior
filing, Amendment No. 2, has been changed to Omega Capital
Investors, L.P.
Item 3. Source and Amount of Funds or Other Consideration.
Cooperman beneficially owns 1,466,100 Shares. Of this
amount, 445,400 Shares were purchased by Omega Capital Partners,
L.P., at a cost of $4,970,196; 37,300 Shares were purchased by
Omega Institutional Partners, L.P., at a cost of $493,649; 38,200
Shares were purchased by Omega Capital Investors, L.P., at a cost
of $382,593; 630,200 Shares were purchased by Omega Overseas
Partners, Ltd. at a cost of $7,040,261; and 315,000 Shares were
purchased by the Managed Account at a cost of $3,727,808. The
source of funds for the purchase of all such Shares was investment
capital.
Item 5. Interest in Securities of the Issuer.
Based upon the information contained in the Company's
Form 10Q for the quarterly period ended November 30, 1997, filed
with the Security & Exchange Commission on January 14, 1998, there
were issued and outstanding 18,793,201 Shares of Common Stock as
of January 18, 1998. Omega Capital Partners, L.P., owns 445,400
Shares, or 2.4% of those outstanding; Omega Institutional
Partners, L.P., owns 37,300 Shares, or 0.2% of those outstanding;
Omega Capital Investors, L.P., owns 38,200 Shares, or 0.2% of
those outstanding; Omega Overseas Partners, Ltd., owns 630,200
Shares, or 3.4% of those outstanding; and the Managed Account owns
315,000 Shares, or 1.7% of those outstanding.
The following table details the transactions by each of
Omega Capital Partners, L.P., Omega Institutional Partners, L.P.,
Omega Capital Investors, L.P., Omega Overseas Partners, Ltd., and
the Managed Account in shares of Common Stock within the 60 day
period prior to December 18, 1997 and through the date of this
filing. All such transactions were open market purchase
transactions.
Omega Capital Partners, L.P.
Date of Amount of Price Per
Transaction Shares Share
12/19/97 5,100 $13.94
Omega Institutional Partners, L.P.
Date of Amount of Price Per
Transaction Shares Share
11/04/97 100 $14.00
12/19/97 600 13.94
Omega Overseas Partners, Ltd.
Date of Amount of Price Per
Transaction Shares Share
10/20/97 16,800 $14.08
10/21/97 24,000 14.00
11/04/97 9,100 14.00
12/08/97 4,600 14.25
12/09/97 4,600 14.25
12/10/97 9,000 14.09
12/11/97 9,100 14.00
12/15/97 9,100 14.00
12/18/97 4,500 13.94
12/19/97 10,700 13.94
12/22/97 1,000 13.94
12/26/97 4,600 13.94
The Managed Account
Date of Amount of Price Per
Transaction Shares Share
10/20/97 700 $14.06
10/21/97 1,000 14.00
11/04/97 700 14.00
12/04/97 100 14.00
12/08/97 400 14.25
12/09/97 400 14.25
12/10/97 1,000 14.09
12/11/97 900 14.00
12/15/97 900 14.00
12/18/97 500 13.94
12/19/97 3,600 13.94
12/26/97 400 13.94
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: March 17, 1998
/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.
/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 Capital Investors, 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).
Page 6 of 6 Pages
