UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)
-----------------------
RAYTECH CORPORATION
(Name of Issuer)
Common Stock par value $1.00 per share
(Title of Class of Securities)
755103108
(CUSIP Number)
-----------------------
TIMOTHY I. LEVART
885 THIRD AVENUE
NEW YORK, NY 10022
TEL. NO.: (212) 371-3813
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
-----------------------
MAY 18, 1998
(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
statement because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Page 1 of 25 Pages
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 2 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Partners
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(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
New York
7 SOLE VOTING POWER
NUMBER OF 66,600
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
66,600
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,600
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
14 TYPE OF REPORTING PERSON
PN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 3 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Institutional Partners, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(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
Delaware
7 SOLE VOTING POWER
NUMBER OF 112,500
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
112,500
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,500
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
14 TYPE OF REPORTING PERSON
PN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 4 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Endowment Partners
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(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
New York
7 SOLE VOTING POWER
NUMBER OF 23,600
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
23,600
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,600
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.7%
14 TYPE OF REPORTING PERSON
PN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 5 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MHD Management Co.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7 SOLE VOTING POWER
NUMBER OF 90,200
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
90,200
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,200
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6%
14 TYPE OF REPORTING PERSON
PN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 6 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
M.H. Davidson & Co.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(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
New York
7 SOLE VOTING POWER
NUMBER OF 4,700
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
4,700
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
14 TYPE OF REPORTING PERSON
PN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 7 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Advisers Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
7 SOLE VOTING POWER
NUMBER OF 112,500
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
112,500
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,500
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
14 TYPE OF REPORTING PERSON
CO
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 8 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner International Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(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
British Virgin Islands
7 SOLE VOTING POWER
NUMBER OF 22,700
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
22,700
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.7%
14 TYPE OF REPORTING PERSON
CO
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 9 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner International Advisers, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
7 SOLE VOTING POWER
NUMBER OF 22,700
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON --
WITH
9 SOLE DISPOSITIVE POWER
22,700
10 SHARED DISPOSITIVE POWER
--
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.7%
14 TYPE OF REPORTING PERSON
CO
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 10 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marvin H. Davidson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
NUMBER OF --
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 230,100
WITH
9 SOLE DISPOSITIVE POWER
--
10 SHARED DISPOSITIVE POWER
230,100
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7%
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 11 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas L. Kempner, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF, PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
NUMBER OF --
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 236,000
WITH
9 SOLE DISPOSITIVE POWER
--
10 SHARED DISPOSITIVE POWER
236,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
231,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 12 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen M. Dowicz
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
NUMBER OF --
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 232,600
WITH
9 SOLE DISPOSITIVE POWER
--
10 SHARED DISPOSITIVE POWER
232,600
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.8%
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 13 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Scott E. Davidson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
NUMBER OF --
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 232,600
WITH
9 SOLE DISPOSITIVE POWER
--
10 SHARED DISPOSITIVE POWER
232,600
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.8%
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 PAGE 14 OF 25 PAGES
---------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael J. Leffell
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
NUMBER OF --
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 232,600
WITH
9 SOLE DISPOSITIVE POWER
--
10 SHARED DISPOSITIVE POWER
232,600
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.8%
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 15 of 25 Pages
---------
This Amendment No. 1 to Schedule 13D with respect to the Common Stock
(the "Common Stock"), par value $1.00 per share, of Raytech Corporation (the
"Company") originally filed on May 8, 1998 (the "Schedule 13D") amends Item 5 of
the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
The aggregate percentage of Common Stock reported owned by each person
herein is based upon the Issuer's Form 10-Q filed on May 11, 1998, which
disclosed that 3,409,677 Shares of Common Stock were outstanding at the close of
business on March 29, 1998.
As of the close of business on May 18, 1998:
Name of Reporting Party:
DKP
(a) Aggregate Number of Securities Owned 66,600
Percentage 1.9%
(b) 1. Sole power to vote or to direct
the vote 66,600
2. Shared power to vote or to direct
the vote --
3. Sole power to dispose or to direct
the disposition 66,600
4. Shared power to dispose of or to
direct the disposition --
(c) Information concerning transactions in
the Common Stock effected by DKP is set
forth in Appendix II.
DKIP
(a) Aggregate Number of Securities Owned 112,500
Percentage 3.3%
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 16 of 25 Pages
---------
(b) 1. Sole power to vote or to direct
the vote 112,500
2. Shared power to vote or to direct
the vote --
3. Sole power to dispose or to direct
the disposition 112,500
4. Shared power to dispose of or to
direct the disposition --
(c) Information concerning transactions
in the Common Stock effected by DKIP is
set forth in Appendix II.
DKEP
(a) Aggregate Number of Securities Owned 23,600
Percentage .7%
(b) 1. Sole power to vote or to direct
the vote 23,600
2. Shared power to vote or to direct
the vote --
3. Sole power to dispose or to direct
the disposition 23,600
4. Shared power to dispose of or to
direct the disposition --
(c) Information concerning transactions
in the Common Stock effected by DKEP is
set forth in Appendix II.
MHD Management Co.
(a) Aggregate Number of Securities Owned 90,200
(b) Percentage 2.6%
1. Sole power to vote or to direct
the vote 90,200
2. Shared power to vote or to direct
the vote --
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 17 of 25 Pages
---------
3. Sole power to dispose or to direct
the disposition 90,200
4. Shared power to direct the
disposition --
M.H. Davidson & Co.
(a) Aggregate Number of Securities Owned 4,700
(b) Percentage .10%
1. Sole power to vote or to direct
the vote 4,700
2. Shared power to vote or to direct
the vote --
3. Sole power to dispose or to direct
the disposition 4,700
4. Shared power to direct the
disposition --
(c) Information concerning transactions
in the Common Stock effected by M.H. Davidson
& Co. is set forth in Appendix II.
Davidson Kempner Advisers Inc.
(a) Aggregate Number of Securities Owned 112,500
(b) Percentage 3.3%
1. Sole Power to vote or to direct
the vote 112,500
2. Shared Power to vote or to direct
the vote --
3. Sole power to dispose or to direct
the dispositions 112,500
4. Shared power to direct the
disposition --
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 18 of 25 Pages
---------
Davidson Kempner International Ltd.
(a) Aggregate Number of Securities Owned 22,700
(b) Percentage .7%
1. Sole power to vote or to direct
the vote 22,700
2. Shared power to vote or to direct
the vote --
3. Sole power to dispose or to direct
the disposition 22,700
4. Shared power to direct the
disposition --
(c) Information concerning transactions
in the Common Stock effected by DKIL
is set forth in Appendix II.
DKIA
(a) Aggregate Number of Securities Owned 22,700
(b) Percentage .7%
1. Sole power to vote or to direct
the vote 22,700
2. Shared power to vote or to direct
the vote --
3. Sole power to dispose or to direct
the disposition 22,700
4. Shared power to direct the
disposition --
Marvin H. Davidson
(a) Aggregate Number of Securities Owned 230,100
(b) Percentage 6.7%
5. Sole Power to vote or to direct
the vote --
6. Shared Power to vote or to direct
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 19 of 25 Pages
---------
the vote 230,100
7. Sole power to dispose or to direct
the dispositions --
8. Shared power to direct the
disposition 230,100
Thomas L. Kempner, Jr.
(a) Aggregate Number of Securities Owned 231,100*/ **/
(b) Percentage 6.9%
1. Sole Power to vote or to direct
the vote --
2. Shared Power to vote or to direct
the vote 236,000
3. Sole power to dispose or to direct
the disposition --
4. Shared power to direct the
disposition 236,000
Stephen M. Dowicz
(a) Aggregate Number of Securities Owned 230,100*/
(b) Percentage 6.8%
1. Sole Power to vote or to direct
the vote --
2. Shared Power to vote or to direct
the vote 232,600
- --------
*/ Excludes 2,500 shares held by the M.H. Davidson & Co., Inc. 401(k)
Plan, of which Messrs. Kempner, Leffell, Dowicz and Scott Davidson are
the Trustees. Each of Messrs. Kempner, Leffell, Dowicz and Scott
Davidson disclaims beneficial ownership of such shares except to the
extent of such persons interest in such 401(k) Plan.
**/ Excludes 2,400 shares held by entities for the benefit of Mr. Kempner's
children and certain charities. Mr. Kempner disclaims beneficial
ownership of such shares.
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 20 of 25 Pages
---------
3. Sole power to dispose or to direct
the disposition --
4. Shared power to direct the
disposition 232,600
Scott E. Davidson
(a) Aggregate Number of Securities Owned 230,100*/
(b) Percentage 6.8%
1. Sole Power to vote or to direct
the vote --
2. Shared Power to vote or to direct
the vote 232,600
3. Sole power to dispose or to direct
the disposition --
4. Shared power to direct the
disposition 232,600
Michael J. Leffell
(a) Aggregate Number of Securities Owned 230,100*/
(b) Percentage 6.8%
1. Sole Power to vote or to direct
the vote --
2. Shared Power to vote or to direct
the vote 232,600
3. Sole power to dispose or to direct
the disposition --
4. Shared power to direct the
disposition 232,600
- --------
*/ Excludes 2,500 shares held by the M.H. Davidson & Co., Inc. 401(k)
Plan, of which Messrs. Kempner, Leffell, Dowicz and Scott Davidson are
the Trustees. Each of Messrs. Kempner, Leffell, Dowicz and Scott
Davidson disclaims beneficial ownership of such shares except to the
extent of such persons interest in such 401(k) Plan.
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 21 of 25 Pages
---------
SIGNATURES
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.
May 20, 1998
DAVIDSON KEMPNER PARTNERS
By MHD Management Co., its
general partner
By: /s/ Thomas L. Kempner, Jr.
------------------------------
Thomas L. Kempner, Jr.
General Partner
DAVIDSON KEMPNER INSTITUTIONAL
PARTNERS, L.P.
By Davidson Kempner Advisers
Inc., its general partner
By: /s/ Thomas L. Kempner, Jr.
------------------------------
Thomas L. Kempner, Jr.
Secretary
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 22 of 25 Pages
---------
DAVIDSON KEMPNER ENDOWMENT PARTNERS
By MHD Management Co., its
general partner
By: /s/ Thomas L. Kempner, Jr.
------------------------------
Thomas L. Kempner, Jr.
General Partner
MHD MANAGEMENT CO.
By: /s/ Thomas L. Kempner, Jr.
------------------------------
Thomas L. Kempner, Jr.
General Partner
DAVIDSON KEMPNER ADVISERS INC.
By: /s/ Thomas L. Kempner, Jr.
------------------------------
Thomas L. Kempner, Jr.
Secretary
DAVIDSON KEMPNER INTERNATIONAL LTD.
By Davidson Kempner International
Advisors, LLC
By: /s/ Thomas L. Kempner, Jr.
------------------------------
Thomas L. Kempner, Jr.
A Managing Member
DAVIDSON KEMPNER INTERNATIONAL
ADVISORS, LLC
By: /s/ Thomas L. Kempner, Jr.
------------------------------
Thomas L. Kempner, Jr.
A Managing Member
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 23 of 25 Pages
---------
/s/ Marvin H. Davidson
----------------------
Marvin H. Davidson
/s/ Thomas L. Kempner, Jr.
--------------------------
Thomas L. Kempner, Jr.
/s/ Stephen M. Dowicz
---------------------
Stephen M. Dowicz
/s/ Scott E. Davidson
---------------------
Scott E. Davidson
/s/ Michael J. Leffell
----------------------
Michael J. Leffell
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108 Page 24 of 25 Pages
---------
APPENDIX I
Raytech Corporation
-------------------
Transaction Schedule
For the period beginning on May 9, 1998 and ending on May 18, 1998
Where/How
Transaction
Date Quantity Price/Share Buy/Sell Affected
---- -------- ----------- -------- --------
5/11/98 15,000 5.00 Buy Open Market
5/12/98 1,000 5.00 Buy Open Market
5/13/98 15,000 5.00 Buy Open Market
5/14/98 5,000 5.00 Buy Open Market
5/15/98 7,500 5.125 Buy Open Market
5/18/98 20,000 5.25 Buy Open Market
