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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT TO
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
NOVACARE, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
669930 10 9
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(CUSIP Number)
Lance C. Balk
Kirkland & Ellis
153 East 53rd Street
New York, NY 10022
(212) 446-4940
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
September 27, 1999
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(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
|_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5)
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CUSIP No. 669930 10 9 13D Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
- ---------
LDN Stuyvie Partnership
73-1526937
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
- ---------
(a) |_|
(b) |_|
3 SEC USE ONLY
- ---------
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Oklahoma
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NUMBER OF 7 SOLE VOTING POWER
10,371,955
--------- -------------------------------------------------
SHARES
8 SHARED VOTING POWER
BENEFICIALLY
--------- -------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
10,371,955
EACH --------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING
PERSON WITH
- ----------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,371,955
- --------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.4%
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14 TYPE OF REPORTING PERSON*
PN
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(Page 2 of 5)
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CUSIP No. 669930 10 9 13D Page 3 of 5 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
- ---------
Stuyvesant Pierrepont Comfort
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
- --------- (a) |_|
(b) |_|
3 SEC USE ONLY
- ---------
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4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) |_|
- ---------
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES 10,371,955
BENEFICIALLY --------- --------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
EACH --------- --------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
10,371,955
PERSON WITH --------- --------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------
--------- --------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,371,955
- --------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.4%
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14 TYPE OF REPORTING PERSON*
IN
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(Page 3 of 5)
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Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Persons acquired beneficial ownership of
2,586,500 shares of the securities that are the subject of this filing (the
"Subject Securities") from the Partnership's limited partners on September 15,
1999, in exchange for limited partnership interests of the Partnership. The
Reporting Persons acquired beneficial ownership of the remaining Subject
Securities (7,785,455 shares) through open market purchases in the ordinary
course of business with a portion ($3,816,450.02 million) of the proceeds of
cash contributions to the Partnership by its partners.
Item 5. Interest in Securities of the Issuer:
(a)-(b) The Reporting Persons beneficially own 10,371,955
shares of Common Stock, representing approximately 16.4% of the outstanding
shares of such class as to which they have sole voting power and dispositive
power. Except as stated above, none of the Reporting Persons beneficially owns
any of the shares of capital stock of the Issuer.
(c) The Reporting Persons acquired 2,586,500 shares of Common
Stock from the Partnership's limited partners on September 15, 1999, in exchange
for limited partnership interests of the Partnership. The Reporting Persons
acquired beneficial ownership of 7,785,455 shares of Common Stock through open
market purchases in the ordinary course of business with a portion
($3,816,450.02 million) of the proceeds of cash contributions to the Partnership
by its partners. The following table summarizes the details of such open market
purchases:
DATE NO. OF SHARES PRICE PER SHARE TOTAL PRICE
- ---- ------------- --------------- -----------
9/13/99 31,500 $1.187500 $38,197.75
9/16/99 25,000 $1.187500 $30,316.50
9/21/99 58,500 $1.125000 $67,279.00
9/22/99 163,300 $1.176710 $196,243.24
9/23/99 256,300 $1.171332 $306,623.89
9/24/99 42,900 $1.125000 $49,339.00
9/27/99 105,100 $1.115490 $119,869.50
9/28/99 80,800 $1.120514 $92,561.53
9/29/99 31,200 $1.120600 $35,746.72
9/30/99 166,300 $1.180134 $200,417.78
10/1/99 35,700 $1.187500 $43,290.25
10/4/99 50,000 $1.187500 $60,629.00
10/5/99 461,900 $1.157299 $546,107.91
10/6/99 306,500 $1.200993 $368,104.37
10/7/99 53,600 $1.138298 $61,012.75
10/8/99 128,400 $1.087531 $139,639.00
10/11/99 166,400 $1.040464 $173,133.21
10/13/99 50,500 $1.024479 $51,736.20
10/14/99 199,500 $1.073860 $185,778.40
10/15/99 91,300 $0.837544 $76,467.75
10/18/99 8,700 $0.837960 $7,290.25
10/22/99 19,700 $0.775200 $15,271.50
10/28/99 80,300 $0.775100 $62,236.50
10/29/99 100,000 $0.712540 $71,254.00
(Page 4 of 5)
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12/03/99 45,000 $0.200009 $9,004.00
12/06/99 100,000 $0.163290 $16,329.00
12/07/99 225,000 $0.155318 $34,329.50
12/08/99 80,000 $0.163050 $13,044.00
12/09/99 150,000 $0.163027 $24,454.00
12/10/99 310,000 $0.163013 $50,534.00
12/13/99 130,000 $0.164031 $21,324.00
12/15/99 220,000 $0.171000 $37,620.00
12/20/99 295,500 $0.177014 $52,307.50
12/21/99 569,555 $0.165570 $94,301.23
12/22/99 520,000 $0.158008 $82,164.00
12/23/99 657,000 $0.159236 $104,618.11
12/27/99 1,425,000 $0.157512 $224,454.33
12/28/99 345,000 $0.154842 $53,420.35
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7,785,455 $3,816,450.02
==================== =====================
(d) Not applicable.
(e) Not applicable.
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.
Dated: December 29, 1999
LDN STUYVIE PARTNERSHIP
By: /s/ Stuyvesant Pierrepont Comfort
---------------------------------
BY: Stuyvesant Pierrepont Comfort
Title: General Partner
/s/ Stuyvesant Pierrepont Comfort
---------------------------------
STUYVESANT PIERREPONT COMFORT
(Page 5 of 5)
