<PAGE> 1
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 4)
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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)
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LDN Stuyvie Partnership
73-1526937
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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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
SHARES 11,046,955
BENEFICIALLY --------------------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING -------------------------------------------------------------
PERSON WITH
9 SOLE DISPOSITIVE POWER 11,046,955
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,046,955
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)EXCLUDES CERTAIN SHARES* //
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.4%
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14 TYPE OF REPORTING PERSON* PN
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(Page 2 of 4)
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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) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* OO
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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
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 11,046,955
OWNED BY --------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING --------------------------------------------------------------
PERSON WITH
9 SOLE DISPOSITIVE POWER 11,046,955
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10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,046,955
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
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(Page 3 of 4)
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Item 4. Purpose of Transaction.
The Reporting Persons acquired the Subject Securities in order
to provide continuing support to management and the Issuer in both the
search for and acquisition of a new business. The Reporting Persons
presently intend to vote their Common Stock in support of the reinvestment
of the proceeds of certain divestitures (the "Divestiture Proceeds") in a
new business and against the liquidation of the Issuer.
(a) Depending on market conditions and the success of
management in identifying and consummating an acquisition of a new
business, the Reporting Persons may acquire more or dispose of their
shares of Common Stock.
(b)-(c) The Reporting Persons presently intend to vote their
Common Stock in support of the reinvestment of the Divestiture Proceeds in
a new business and against the liquidation of the Issuer. Under a plan of
restructuring approved by the Issuer's stockholders on or about September
21, 1999 (the "Plan"), the Issuer's board of directors (the "Board") is
authorized, among other things, to reinvest the Divestiture Proceeds
through the acquisition of a new business. The Divestiture Proceeds are a
material amount of the Issuer's assets. Under the Plan, in the event the
Issuer is unable, or chooses not, to reinvest the Divestiture Proceeds in
a new business, the Board is required to liquidate the Issuer through a
distribution to stockholders.
(d) Mr. Comfort was elected to the Board on January 5, 2000.
As a result of recent resignations from the Board, he is one of five
members.
(e)-(j) 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: January 11, 2000
LDN STUYVIE PARTNERSHIP
By:/s/ Stuyvesant Pierrepont Comfort
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BY: Stuyvesant Pierrepont Comfort
Title: General Partner
/s/ Stuyvesant Pierrepont Comfort
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STUYVESANT PIERREPONT COMFORT
(Page 4 of 4)
