UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
Under the Securities Exchange Act of 1934
CORECOMM INCORPORATED
(Name of Issuer)
Common Stock, par value $.01
(Title of Class of Securities)
21868N106000
(CUSIP Number)
Karen C. Manson
Secretary
Lehman Brothers Holdings
Inc. 3 World
Financial Center, 24th Floor
New York, NY 10285
(212) 526-1936
(Name, Address and Telephone Number of Person Authorized
to
Receive Notice and Communications)
July 1, 1997
(Date of Event which required Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is 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 this 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). NOT APPLICABLE.
<PAGE>
CUSIP No. 21868N106000
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lehman Brothers Holdings Inc.
13-3216325
2) Check the Appropriate box if a Member of a Group (see instructions)
(a) [X]
(b) [ ]
3) SEC Use Only
4) Source of Funds (see instructions)
OO
5) Check Box if Disclosure of Legal Proceedings is Requires
Pursuant to Items 2(d) or 2(E)
[ ]
6) Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:
7) Sole Voting Power
-0-
8) Shared Voting Power
174,268
9) Sole Dispositive Power
-0-
10) Shared Dispositive Power
174,268
11) Aggregate Amount Beneficially Owned by Each Reporting Person
174,268
<PAGE>
12) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
----------------------------------------------------------------
[ ]
13) Percent of Class Represented by Amount in Row 9
-----------------------------------------------
1.32%
14) Type of Reporting Person
HC/CO
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: July 1, 1997
LEHMAN BROTHERS HOLDINGS INC.
By: /s/ Karen C. Manson
-------------------
Name: Karen C. Manson
Title: Vice President and
Secretary
<PAGE>
CUSIP No.
21868N106000
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lehman Brothers Finance S.A.
2) Check the Appropriate box if a Member of a Group (see instructions)
(a) [X]
(b) [ ]
3) SEC Use Only
4) Source of Funds (see instructions)
OO
5) Check Box if Disclosure of Legal Proceedings is Requires
Pursuant to Items 2(d) or 2(E)
[ ]
6) Citizenship or Place of Organization
Switzerland
Number of Shares Beneficially Owned by Each Reporting Person With:
7) Sole Voting Power
-0-
8) Shared Voting Power
-0-
9) Sole Dispositive Power
-0-
10) Shared Dispositive Power
-0-
11) Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
<PAGE>
12) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
13) Percent of Class Represented by Amount in Row 9
0.00%
14) Type of Reporting Person
CO
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: July 1, 1997
Lehman Brothers Finance S.A.
By: /s/ Karen C. Manson
-------------------
Name: Karen C. Manson
Title: Authorized Signatory
<PAGE>
Schedule 13D
Item 1. Security and Issuer
No Change.
Item 2. Identity and Background
No Change.
Item 3. Source of Funds or Other Consideration
See Item 4.
Item 4. Purpose of Transaction
On July 1, 1997 LBF sold in the ordinary course of its business an
aggregate of 930,000 shares of Common Stock of CoreComm at $17.00 per share to
Baron Asset Fund.
Item 5. Interest in Securities of the Issuer
(a) Holdings indirectly holds 174,268 shares of CoreComm Common
Stock, representing 1.32% of CoreComm Common Stock. These shares are LBI, its
directly held by broker-dealer subsidiary, in the ordinary course of its
business.
(b) LBI has sole voting power and sole investment power over its
shares. Holdings has shared voting power and shared investment power of the
shares held by its subsidiary.
(c) See Item 4.
(d) No Change.
(e) This statement is being filed to report that as of July 1, 1997,
the Reporting Persons ceased to be the beneficial owners of more than 5%
of the class of securities covered by this report.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
No Change.
Item 7. Material to be Filed as Exhibits.
No Change.
<PAGE>
APPENDIX A
LEHMAN BROTHERS HOLDINGS INC.
BOARD OF DIRECTORS
NAME / TITLE BUSINESS ADDRESS
Michael L. Ainslie Lehman Brothers Holdings Inc.
Private Investor and former 3 World Financial Center
President and Chief Executive New York, New York 10285
Officer of Sotheby's Holdings
John F. Akers Lehman Brothers Holdings Inc.
Retired Chairman of 3 World Financial Center
International Business Machines New York, New York 10285
Corporation
Roger S. Berlind Lehman Brothers Holdings Inc.
Theatrical Producer 3 World Financial Center
New York, New York 10285
Thomas H. Cruikshank Lehman Brothers Holdings Inc.
Retired Chairman and Chief 3 World Financial Center
Executive Officer of Halliburton New York, New York 10285
Company
Richard S. Fuld, Jr. Lehman Brothers Holdings Inc.
Chairman and Chief Executive 3 World Financial Center
Officer of New York, NY 10285
Lehman Brothers Holdings Inc.
Hideichiro Kobayashi* Lehman Brothers Holdings Inc.
General Manager for the Americas 3 World Financial Center
of Nippon Life New York, NY 10285
Henry Kaufman Lehman Brothers Holdings Inc.
President of Henry Kaufman & 3 World Financial Center
Company, Inc. New York, NY 10285
John D. Macomber Lehman Brothers Holdings Inc.
Principal of JDM Investment Group 3 World Financial Center
New York, NY 10285
Dina Merrill Lehman Brothers Holdings Inc.
Actress and Director and Vice 3 World Financial Center
Chairman of RKO Pictures, Inc. New York, NY 10285
<PAGE>
Masataka Shimasaki* Lehman Brothers Holdings Inc.
Director and General Manager for 3 World Financial Center
the Americas of Nippon Life New York, NY 10285
LEHMAN BROTHERS HOLDINGS INC.
EXECUTIVE OFFICERS
NAME / TITLE BUSINESS ADDRESS
Richard S. Fuld, Jr. Lehman Brothers Holdings Inc.
Chairman and Chief Executive Officer 3 World Financial Center
of Lehman Brothers Holdings Inc. New York, NY 10285
Jeremiah M. Callaghan Lehman Brothers Holdings Inc.
Chief of Operations and Technology 3 World Financial Center
New York, NY 10285
John L. Cecil
Chief Administrative Officer Lehman Brothers Holdings Inc.
3 World Financial Center
New York, NY 10285
Thomas A. Russo Lehman Brothers Holdings Inc.
Chief Legal Officer 3 World Financial Center
New York, NY 10285
Charles B. Hintz Lehman Brothers Holdings Inc.
Chief Financial Officer 3 World Financial Center
New York, NY 10285
- -----
All above individuals are citizens of the United States except those individuals
with an * who are citizens of Japan.
<PAGE>
LEHMAN BROTHERS FINANCE S.A.
BOARD OF DIRECTORS
NAME BUSINESS ADDRESS
Peter A. Gamester* Lehman Brothers Inc.
Director One Broadgate
London EC2M 7HA, England
Heinz Schmid Lehman Brothers Inc.
Director 13 Route de Florissant
1211 Geneva 12 Switzerland
Eric W. Fiechter Lehman Brothers Inc.
Director 13 Route de Florissant
1211 Geneva 12 Switzerland
- -----
Above individuals are citizens of Switzerland except those individuals with an *
who are citizens of the United Kingdom.
