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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. 1)*
OREGON METALLURGICAL CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
685899106
----------------------------------------
(CUSIP Number)
Stuart B. Panish c/o Zweig-DiMenna Associates LLC, 900 Third Avenue,
New York, New York 10022 (212) 451-1100
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 16, 1997
----------------------------------------
(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>
SCHEDULE 13D
CUSIP No. 6085899106 Page 2 of __ Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zweig-DiMenna Partners, L.P., Zweig-DiMenna International Limited
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account
Gotham Advisors, Inc., on behalf of a discretionary account
Zweig/Glaser Advisers, on behalf of discretionary accounts
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
3 SEC USE ONLY
4 SOURCE OF FUNDS* WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Zweig-DiMenna Partners, L.P. - New York, Zweig-DiMenna International
Limited - British Virgin Islands
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account - Delaware
Gotham Advisors, Inc., on behalf of a discretionary account - Delaware
Zweig/Glaser Advisers, on behalf of discretionary accounts -
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7 SOLE VOTING POWER
Zweig-DiMenna Partners, L.P.-187,600; Zweig-DiMenna
International Limited - 410,500
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account-92,600
Gotham Advisors, Inc., on behalf of discretionary account - 51,300
Zweig/Glaser Advisers, on behalf of discretionary accounts - 36,500
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
Zweig-DiMenna Partners, L.P.-187,600; Zweig-DiMenna
International Limited - 410,500
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account-92,600
Gotham Advisors, Inc., on behalf of discretionary account - 51,300
Zweig/Glaser Advisers, on behalf of discretionary accounts - 36,500
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Zweig-DiMenna Partners, L.P.-187,600; Zweig-DiMenna
International Limited - 410,500
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account-92,600
Gotham Advisors, Inc., on behalf of discretionary account - 51,300
Zweig/Glaser Advisers, on behalf of discretionary accounts - 36,500
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
Total-4.8%
Zweig-DiMenna Partners, L.P. - 1.2%; Zweig-DiMenna International
Limited - 2.5%
Zweig-DiMenna International Managers, Inc., on behalf of a
discretionary account - 0.6%
Gotham Advisors, Inc., on behalf of a discretionary account - 0.3%
Zweig/Glaser Advisers, on behalf of discretionary accounts - 0.2%
14 TYPE OF REPORTING PERSON*
Zweig-DiMenna Partners, L.P. - PN
Zweig-DiMenna International Limited - CO
Zweig-DiMenna International Managers, Inc. - CO
Gotham Advisors, Inc. - CO
Zweig/Glaser Advisers - PN
<PAGE>
SCHEDULE 13D - AMENDMENT NO. 1
Zweig-DiMenna International Limited, Zweig-DiMenna Partners, L.P., Zweig-
DiMenna International Managers, Inc., Gotham Advisors, Inc. and Zweig/Glaser
Advisers hereby amend the Schedule 13D, filed with respect to shares of common
stock, par value $1.00 per share ("Shares") of Oregon Metallurgical Corporation
(the "Company").
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS
The first sentence of Item 3 is amended to read as follows:
"The securities of Oregon Metallurgical Corporation were purchased at an
aggregate cost of $19,985,159 with the investment capital of Zweig-DiMenna
International Limited, Zweig-DiMenna Partners, L.P., the discretionary
account managed by Zweig-DiMenna International Managers, Inc. (the "ZDIM
Account"), the discretionary account managed by Gotham Advisors, Inc. (the
"Gotham Account") and the discretionary accounts managed by Zweig/Glaser
Advisers (the "Zweig/Glaser Advisers Accounts")."
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER
The answer to Item 5 is amended to read as follows:
a. Aggregate number of shares beneficially owned:
<TABLE>
<CAPTION>
<S> <C><C>
Zweig-DiMenna International Limited -- 410,500
Zweig-DiMenna Partners, L.P. -- 187,600
ZDIM Account -- 92,600
Gotham Account -- 51,300
Zweig/Glaser Advisers Accounts -- 36,500
</TABLE>
Percent of class beneficially owned:
<TABLE>
<CAPTION>
<S> <C><C>
Zweig-DiMenna International Limited -- 2.5%
Zweig-DiMenna Partners, L.P. -- 1.2%
ZDIM Account -- 0.6%
Gotham Account -- 0.3%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C><C>
Zweig/Glaser Advisers Accounts -- 0.2%
</TABLE>
b. Number of shares as to which there is sole power to vote:
<TABLE>
<CAPTION>
<S> <C><C>
Zweig-DiMenna International Limited -- 410,500
Zweig-DiMenna Partners, L.P. -- 187,600
ZDIM Account -- 92,600
Gotham Account -- 51,300
Zweig/Glaser Advisers Accounts -- 36,500
</TABLE>
Number of shares as to which there is shared power to vote or to
direct the vote:
<TABLE>
<CAPTION>
<S> <C><C>
Zweig-DiMenna International Limited -- 0
Zweig-DiMenna Partners, L.P. -- 0
ZDIM Account -- 0
Gotham Account -- 0
Zweig/Glaser Advisers Accounts -- 0
</TABLE>
Number of shares as to which there is sole power to dispose or to
direct the disposition:
<TABLE>
<CAPTION>
<S> <C><C>
Zweig-DiMenna International Limited -- 410,500
Zweig-DiMenna Partners, L.P. -- 187,600
ZDIM Account -- 92,600
Gotham Account -- 51,300
Zweig/Glaser Advisers Accounts -- 36,500
</TABLE>
<PAGE>
Number of shares as to which there is shared power to dispose or to
direct the disposition:
<TABLE>
<CAPTION>
<S> <C><C>
Zweig-DiMenna International Limited -- 0
Zweig-DiMenna Partners, L.P. -- 0
ZDIM Account -- 0
Gotham Account -- 0
Zweig/Glaser Advisers Accounts -- 0
</TABLE>
c. Since September 2, 1997, the date of our last 13D filing, Zweig-
DiMenna International Limited, Zweig-DiMenna Partners, L.P., the ZDIM
account, the Gotham Account, and the Zweig/Glaser Advisers Accounts
(collectively, the "Investors") sold the Shares on the open market on
the following dates and at the following prices and in the following
amounts:
ZWEIG-DIMENNA INTERNATIONAL LIMITED
DATE DESCRIPTION OF SALE
9/15/97 Sold 27,700 shares at $23.8125 a share
9/16/97 Sold 33,100 shares at $23.5938 a share
ZWEIG-DIMENNA PARTNERS, L.P.
DATE DESCRIPTION OF SALE
9/15/97 Sold 12,600 shares at $23.8125 a share
9/16/97 Sold 15,200 shares at $23.5938 a share
ZDIM ACCOUNT
DATE DESCRIPTION OF SALE
9/15/97 Sold 6,200 shares at $23.8125 a share
9/16/97 Sold 7,500 shares at $23.5938 a share
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GOTHAM ACCOUNT
DATE DESCRIPTION OF SALE
9/15/97 Sold 3,500 shares at $23.8125 a share
9/16/97 Sold 4,200 shares at $23.5938 a share
ZWEIG/GLASER ADVISERS ACCOUNTS
DATE DESCRIPTION OF SALE
There were no sales during the applicable time period.
d. Not Applicable
e. The Investors ceased to be the beneficial owner of more than 5% of the
shares of the Company on September 16, 1997.
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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.
Date: September 16, 1997
ZWEIG-DiMENNA INTERNATIONAL LIMITED
By: Zweig-DiMenna International Managers, Inc.,
Investment Manager
By: /s/ Joseph A. DiMenna
--------------------------
Name: Joseph A. DiMenna
Title: Executive Vice President
ZWEIG-DiMENNA PARTNERS, L.P.
By: Zweig-DiMenna Associates LLC,
Managing General Partner
By: /s/ Joseph A. DiMenna
----------------------------
Name: Joseph A. DiMenna
Title: A Managing Director of Managing General
Partner
ZWEIG-DiMENNA INTERNATIONAL MANAGERS, INC.
By: /s/ Joseph A. DiMenna
------------------------------
Name: Joseph A. DiMenna
Title: Executive Vice President
GOTHAM ADVISORS, INC.
By: /s/ Joseph A. DiMenna
-----------------------------
Name: Joseph A. DiMenna
Title: Vice President
ZWEIG/GLASER ADVISERS
By: /s/ Marc Baltuch
-----------------------------
Name: Marc Baltuch
Title: First Vice President
