FIRST NATIONAL OF NEBRASKA INC
SC 13D/A, 1999-11-24
NATIONAL COMMERCIAL BANKS
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)

FIRST NATIONAL OF NEBRASKA, INC.
(NAME OF ISSUER)

COMMON STOCK, PAR VALUE $5.00 PER SHARE
(TITLE OF CLASS OF SECURITIES)

335720108
(CUSIP NUMBER)

BRUCE R. LAURITZEN
FIRST NATIONAL OF NEBRASKA, INC.
1620 Dodge Street
Omaha, NE 68102-2188
(402) 341-0500

(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE
NOTICES AND COMMUNICATIONS)

November 9, 1999

(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(e), 13d-1(f) or 13d-1(g) check the following box [  ]

 

 CUSIP NO. 335720108

 

1.

 NAME OF REPORTING PERSON                     John R. Lauritzen

 

   I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 (ENTITIES ONLY).

2.

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)

(a) [X]

(b) [_]

3.

 SEC USE ONLY

 

4.

 SOURCE OF FUNDS
 (SEE INSTRUCTIONS)
                                       BK

5.  CHECK BOX IF DISCLOSURE OF LEGAL
 PROCEEDINGS IS REQUIRED PURSUANT
 TO ITEMS 2(D) OR 2(E)    [_]
6.  CITIZENSHIP OR PLACE
 OF ORGANIZATION                                      USA

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7.

 SOLE VOTING POWER

 4,922

8.

 SHARED VOTING POWER

 

9.

 SOLE DISPOSITIVE POWER

  4,922

10.

 SHARED DISPOSITIVE POWER

 

11.

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 4,922

12.

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 (SEE INSTRUCTIONS)

[_]

13.

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 1.47%

14.

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 IN

 

CUSIP NO.     335720108

 

1.

 NAME OF REPORTING PERSON              Elizabeth D. Lauritzen

 

   I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 (ENTITIES ONLY).

2.

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)

(a) [X]

(b) [_]

3.

 SEC USE ONLY

 

4.

 SOURCE OF FUNDS
 (SEE INSTRUCTIONS)
                                       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                                      USA

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7.

 SOLE VOTING POWER

 82,218

8.

 SHARED VOTING POWER

 4,922

9.

 SOLE DISPOSITIVE POWER

   52,286

10.

 SHARED DISPOSITIVE POWER

 34,854

11.

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 87,140

12.

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 (SEE INSTRUCTIONS)

[_]

13.

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 26.05%

14.

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 IN

 

CUSIP NO.     335720108

 

1.

 NAME OF REPORTING PERSON                     Bruce R. Lauritzen

 

   I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 (ENTITIES ONLY).

2.

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)

(a) [X]

(b) [_]

3.

 SEC USE ONLY

 

4.

 SOURCE OF FUNDS
 (SEE INSTRUCTIONS)
                                       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                                      USA

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7.

 SOLE VOTING POWER

 92,618

8.

 SHARED VOTING POWER

 18,343

9.

 SOLE DISPOSITIVE POWER

   92,618

10.

 SHARED DISPOSITIVE POWER

 5,122

11.

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 127,477 (1)

12.

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 (SEE INSTRUCTIONS)

[_]

13.

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 38.11%

14.

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 IN

(1) includes an additional 16,516 shares held by The Helen Roberts Trust for the Benefit of Bruce R. Lauritzen of which he is a beneficiary and, as such, has a right to receive dividends and sale proceeds.

 

CUSIP NO.     335720108

 

1.

 NAME OF REPORTING PERSON                     Ann Lauritzen Pape

 

   I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 (ENTITIES ONLY).

2.

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)

(a) [X]

(b) [_]

3.

 SEC USE ONLY

 

4.

 SOURCE OF FUNDS
 (SEE INSTRUCTIONS)
                                       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                                      USA

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7.

 SOLE VOTING POWER

 3,717

8.

 SHARED VOTING POWER

 4,922

9.

 SOLE DISPOSITIVE POWER

 3,717

10.

 SHARED DISPOSITIVE POWER

 4,922

11.

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 22,055 (1)

12.

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 (SEE INSTRUCTIONS)

[_]

13.

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 6.59%

14.

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 IN

(1) includes an additional 13,416 shares held by The Helen Roberts Trust for the Benefit of Ann Lauritzen Pape of which she is a beneficiary and, as such, has a right to receive dividends and sale proceeds.

 

CUSIP NO.     335720108

 

1.

 NAME OF REPORTING PERSON            Lauritzen Corporation

 

   I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 (ENTITIES ONLY).               7-0444651

2.

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)

(a) [X]

(b) [_]

3.

 SEC USE ONLY

 

4.

 SOURCE OF FUNDS
 (SEE INSTRUCTIONS)
                                       BK

5.  CHECK BOX IF DISCLOSURE OF LEGAL
 PROCEEDINGS IS REQUIRED PURSUANT
 TO ITEMS 2(D) OR 2(E)    [_]
6.  CITIZENSHIP OR PLACE
 OF ORGANIZATION                                      NE

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7.

 SOLE VOTING POWER

  0

8.

 SHARED VOTING POWER

 83,596

9.

 SOLE DISPOSITIVE POWER

  0

10.

 SHARED DISPOSITIVE POWER

 83,596

11.

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  83,596

12.

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 (SEE INSTRUCTIONS)

[_]

13.

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 24.99%

14.

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

  CO

ITEM 4. PURPOSE OF TRANSACTION

On May 28, 1999, Elizabeth D. Lauritzen, Bruce R. Lauritzen and Ann Lauritzen Pape were appointed by a court order to act as co-conservators of all the assets of John R. Lauritzen. Elizabeth D. Lauritzen is the spouse of John R. Lauritzen and Bruce R. Lauritzen and Ann Lauritzen Pape are the adult children of John R. and Elizabeth D. Lauritzen. As a result of the appointment of Elizabeth D. Lauritzen as a co-conservator for Mr. Lauritzen, she assumed effective control over 82,218 shares of the Common Stock of FNNI consisting of (A) 52,286 shares issued in her name, but over which John Lauritzen had exercised all dispositive and voting power, (B) 16, 516 shares of Common Stock of FNNI held by The Helen Roberts Trust for the Benefit of Bruce R. Lauritzen of which she is a named trustee, but over which Mr. Lauritzen had exercised dispositive and voting power, and (C)  13,416 shares of Common Stock of FNNI held by The Helen Roberts Trust for the Benefit of Ann Lauritzen Pape of which she is a named trustee, but over which Mr. Lauritzen had exercised dispositive and voting power. In addition, Mrs. Lauritzen, Bruce R. Lauritzen and Ann Lauritzen Pape were granted joint voting and dispositive power over 88,518 shares of FNNI in their capacities as co-conservators for John R. Lauritzen. On October 18, 1999, the co-conservatorship was modified by court order to provide that Mrs. Lauritzen and Bruce R. Lauritzen as co-conservators on behalf of John  R. Lauritzen have the power to vote or control the voting shares of the Lauritzen Corporation.

The appointment of the conservators occurred by a court order. Accordingly, no consideration was paid by the conservators.

On November 5, 1999, the shareholders of Lauritzen Corporation adopted an Amendment to the Articles of Incorporation and a Plan of Recapitalization pursuant to which holders of seven percent (7%) voting preferred stock ( "Voting Preferred") were offered the opportunity to exchange each share of Voting Preferred for eleven percent (11%) nonvoting preferred stock ("Non-voting Preferred").

On November 9, 1999, the co-conservators exchanged 72,750.72 shares of Voting Preferred owned by John R. Lauritzen in the Lauritzen Corporation for an equal number of Non-voting Preferred. The Lauritzen Corporation holds 83,596 shares (24.99%) of the Common Stock of FNNI. As a result of the exchange of the Lauritzen Corporation's Voting Preferred, the co-conservators of Mr. John R. Lauritzen's estate no longer beneficially own the 83,596 shares of FNNI Common Stock.

Mr. Bruce R. Lauritzen, as Chairman of the Lauritzen Corporation and as the holder of the majority of the voting power of Lauritzen Corporation, has the power to vote and dispose of the 83,596 shares of Common Stock of FNNI held by the Lauritzen Corporation and, accordingly, such shares are attributed to his beneficial ownership in FNNI. Thus, Mr. Bruce  R. Lauritzen beneficially owns in the aggregate 38.11% of the Common Stock of FNNI.

Neither John R. Lauritzen, Elizabeth D. Lauritzen, Bruce R. Lauritzen, Ann Lauritzen Pape nor the Lauritzen Corporation has any plans or proposals which relate to or would result in:



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