SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1
AMENDMENT NO. 2 TO THE
TENDER OFFER STATEMENT
(FINAL AMENDMENT)
(Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934)
NTS-PROPERTIES IV
(Name of Issuer)
ORIG, LLC
(Name of Person Filing Statement)
LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
62942E209
(CUSIP Number of Class of Securities)
J.D. Nichols, Managing Member
ORIG, LLC
10172 Linn Station Road
Louisville, Kentucky 40223
(502) 426-4800
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Person Filing Statement)
Copy to:
Michael J. Choate, Esq.
Shefsky & Froelich Ltd.
444 North Michigan Avenue, Suite 2500
Chicago, Illinois 60611
(312) 836-4066
July 27, 1999
(Date Tender Offer First Published, Sent or Given to Security Holders)
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AMENDMENT NO. 2 TO
TENDER OFFER STATEMENT ON SCHEDULE 14D-1
(FINAL AMENDMENT)
INTRODUCTION
This Amendment No. 2 dated December 17, 1999 supplements and amends the
Tender Offer Statement on Schedule 14D-1 filed with the Securities and Exchange
Commission on July 27, 1999 (the "Original Statement") by ORIG, LLC, a Kentucky
limited liability company (the "Bidder") regarding the offer of NTS-Properties
IV and the Bidder (collectively, the "Offerors") to purchase in the aggregate up
to 1,000 limited partnership interests in the Partnership. Capitalized terms not
defined herein shall have the same meaning as in the Original Statement. A copy
of the Offer to Purchase dated July 27, 1999 and the related Letter of
Transmittal (which together constitute the "Offer") were incorporated by
reference in the Original Statement.
Under the original terms of the Offer, the Offer expired at 12:00
midnight, Eastern Standard Time, on October 29, 1999. With a notice sent to
Limited Partners on October 22, 1999 and a Press Release dated October 25, 1999
the Offerors announced their intention to extend the Expiration Date of the
Offer to December 8, 1999. Amendment No. 1 to the Original Statement, reflecting
these changes, was filed on October 26, 1999. As of December 8, 1999 a total of
2,245 Interests were properly tendered pursuant to the Offer. The Offerors
exercised their right under the terms of the Offer to purchase more than 1,000
Interests and all 2,245 Interests tendered were accepted by the Offerors,
without proration. NTS Properties IV repurchased 500 of these Interests. The
Bidder purchased 1,745 of these Interests. By Press Release dated December 16,
1999, the Offerors announced: (i) that the Offer had terminated as of December
8, 1999, as originally scheduled; and (ii) the final results of the Offer.
This Amendment constitutes the final amendment to the Original
Statement in accordance with General Instruction D to Schedule 14D-1. This
amendment is intended to satisfy the reporting requirements of Section 13(d) of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with
respect to all securities acquired by the Bidder pursuant to the Offer.
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1) Names of Reporting Persons, I.R.S. Identification Nos.of Above
Persons (entities only): ORIG, LLC ("ORIG")
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
a. |X|
b. |_|
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3) SEC Use Only
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4) Sources of Funds (See Instructions): WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) or 2(f): |_|
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6) Citizenship or Place of Organization: ORIG, LLC is a Kentucky
limited liability company.
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7) Aggregate Amount Beneficially Owned by Each Reporting Person:
ORIG beneficially owns 2,735 of the limited partnership
interests in NTS-Properties IV., Ltd. (the "Partnership"). (1)
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8) Check if the Aggregate Amount in Row 7 Excludes Certain Shares
(See Instructions): |_|
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9) Percent of Class Represented by Amount in Row 7: 11.3%
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10) Type of Reporting Person (See Instruction): 00
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(1) ORIG disclaims beneficial ownership of 331 of these Interests
consisting of: (i) 326 Interests owned by Ocean Ridge Investments, Ltd., a
Florida limited partnership ("Ocean Ridge"); and (ii) five Interests owned by
the General Partner. Mr. J.D. Nichols is the Chairman of the Board of the
corporate general partner of Ocean Ridge. Barbara Nichols, Mr. Nichols' wife, is
the sole limited partner of Ocean Ridge.
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1) Names of Reporting Persons, I.R.S. Identification Nos.of Above
Persons (entities only): J.D. Nichols
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
a. |X|
b. |_|
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3) SEC Use Only
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4) Sources of Funds (See Instructions): PF
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5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) or 2(f): |_|
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6) Citizenship or Place of Organization: J.D.Nichols is a citizen
of the U.S.A.
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7) Aggregate Amount Beneficially Owned by Each Reporting Person:
J. D. Nichols beneficially owns [2,735] of the limited
partnership interests in the Partnership.(1)
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8) Check if the Aggregate Amount in Row 7 Excludes Certain Shares
(See Instructions): |_|
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9) Percent of Class Represented by Amount in Row 7: 11.3%
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10) Type of Reporting Person (See Instruction): IN
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(1) Mr. Nichols disclaims beneficial ownership of 571 of these
Interests, consisting of: (i) 326 Interests owned by Ocean Ridge; (ii) five
Interests owned by the General Partner; and (iii) 240, or 10%, of the Interests
owned by ORIG.
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1) Names of Reporting Persons, I.R.S. Identification Nos.of Above
Persons (entities only): Brian F. Lavin
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
a. |X|
b. |_|
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3) SEC Use Only
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4) Sources of Funds (See Instructions): PF
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5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) or 2(f): |_|
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6) Citizenship or Place of Organization: Brian F. Lavin is a
citizen of the U.S.A.
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7) Aggregate Amount Beneficially Owned by Each Reporting Person:
Brian F. Lavin beneficially owns 2,735 of the limited
partnership interests in the Partnership.(1)
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8) Check if the Aggregate Amount in Row 7 Excludes Certain Shares
(See Instructions): |_|
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9) Percent of Class Represented by Amount in Row 7: 11.3%
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10) Type of Reporting Person (See Instruction): IN
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(1) Mr. Lavin disclaims beneficial ownership of 2,495 of these
Interests, consisting of: (i) 326 Interests owned by Ocean Ridge; (ii) five
Interests owned by the General Partner; and (iii) 2,164, or 90%, of the
Interests owned by ORIG.
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Item 6. Interest in Securities of the Subject Company.
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Reference is hereby made to cover pages 3-5 hereto, which are
incorporated herein by reference.
Except for the purchase of 2,245 Interests for $205 per Interest by the
Offerors as of December 8, 1999 pursuant to the Offer, there have not been any
transactions involving Interests that were effected during the past forty (40)
business days by the Partnership, the General Partner, Ocean Ridge, BKK, ORIG,
Mr. Nichols or Mr. Lavin, the Bidder or any other associate or subsidiary of any
such person.
Item 11. Material to be Filed as Exhibits.
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The response to Item 11 of the Schedule 14D-1 is hereby supplemented and
amended as follows:
(a)(8) Press Release by the Offerors dated December 16, 1999.
SIGNATURE
After due 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.
Date: December 17, 1999 ORIG, LLC, a Kentucky limited liability
company
By: /s/ J. D. Nichols
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J.D. Nichols,
Its: Managing Member
J. D. NICHOLS
/s/ J. D. Nichols
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J.D. Nichols
BRIAN F. LAVIN
/s/ Brian F. Lavin
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Brian F. Lavin
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EXHIBITS
Exhibit
Number Description
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(a)(8) Press Release by the Offerors dated December 16, 1999
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Exhibit (a)(8)
Press Release by the Offerors dated December 16, 1999.
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NTS-PROPERTIES IV AND ORIG, LLC ANNOUNCE EXPIRATION OF TENDER OFFER
Louisville, Kentucky December 16, 1999. NTS-Properties IV announced
today that the issuer tender offer for up to 1,000 Limited Partnership Interests
in NTS-Properties IV, which commenced on July 27, 1999, was amended on October
26, 1999, expired on December 8, 1999.
The final results of the Offer are as follows: As of December 8, 1999,
a total of 2,245 Interests were tendered pursuant to the Offer. The Offerors
exercised their right under the terms of the Offer to purchase more than 1,000
and all 2,245 Interests tendered were accepted by the Offerors, without
proration. NTS-Properties IV repurchased 500 Interests at a price of $205 per
Interest, pursuant with the amended Offer; ORIG, LLC purchased 1,745 Interests
at a price of $205 per Interest. Limited Partners whose Interests were purchased
as of December 8, 1999 were granted rescission and withdrawal rights through the
expiration date of December 8, 1999.
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