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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)*
North American Mortgage Company
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
657037107
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(CUSIP Number)
Ronn K. Lytle, 2001 Bryan Tower, Suite 3300, Dallas, Texas 75201
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 11, 1994
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(Date of Event which Requires Filing of this Statement)
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).
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SCHEDULE 13D
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CUSIP NO. 657037107
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
CAPSTEAD MORTGAGE CORPORATION
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
MARYLAND
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SOLE VOTING POWER
7
NUMBER OF
600,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING
600,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
600,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.91%
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TYPE OF REPORTING PERSON
14
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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AMENDMENT NO.1 ON SCHEDULE 13D
The Statement on Schedule 13D relating to the common stock, par value $.01
per share (the "Common Stock"), of North American Mortgage Company, a Delaware
corporation (the "Company"), filed May 2, 1994 by Capstead Mortgage Corporation,
a Maryland corporation (the "Reporting Person"), is hereby amended and
supplemented as follows:
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Item 5. Interest in Securities of the Issuer
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The response to item 5 is amended in its entirety and is replaced by the
following:
(a) & (b)
<TABLE>
<CAPTION>
Number of Shares Percent
Reporting Person Beneficially Owned (1) of Class (2)
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<S> <C> <C>
Capstead Mortgage Corporation 600,000 3.91%
</TABLE>
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(1) The Reporting Person retains the sole right of voting and disposition with
respect to such Shares.
(2) Based on 15,333,936 Shares outstanding, as reported in the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 1994.
(c) Certain information concerning transactions in shares of Common Stock
effected by the Reporting Person since the filing of the original Schedule 13D
on May 2, 1994 is set forth on Schedule I hereto, which is incorporated herein
by reference. Except as set forth on Schedule I, no transactions in such shares
were effected since May 2, 1994 by the Reporting Person.
(d) The Reporting Person beneficially owns no shares of Common Stock of the
Company except as set forth above. No person other than the Reporting Person
has the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the shares of Common Stock beneficially
owned by the Reporting Person.
(e) On August 11, 1994, the Reporting Person ceased to be the beneficial
owner of more than five percent of the Common Stock and is, therefore, no longer
subject to the reporting obligations of Rule 13d-1.
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SIGNATURE
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After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: August 12, 1994
CAPSTEAD MORTGAGE CORPORATION
/s/ Andrew F. Jacobs
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By: Andrew F. Jacobs, Senior Vice
President-Control and Treasurer
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SCHEDULE I
<TABLE>
<CAPTION>
Transaction Settlement Number of Price Per
Date Date Shares Share(1)
------------- ---------- --------- ------------
<S> <C> <C> <C>
8-11-94 8-18-94 153,600 $31.00
8-12-94 8-19-94 3,600 $31.00
8-12-94 8-19-94 27,800 $30.875
8-12-94 8-19-94 15,000 $30.75
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200,000
</TABLE>
_____________________
(1) Shares sold through New York Stock Exchange brokerage transactions;
price is the price per share exclusive of brokerage commissions and handling
fees.
