<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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)
(AMENDMENT NO. 68)
Santa Fe Gaming Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
80190410
- -------------------------------------------------------------------------------
(CUSIP Number)
Paul W. Lowden, Santa Fe Gaming Corporation
- -------------------------------------------------------------------------------
4949 North Rancho Drive, Las Vegas, Nevada 89130-3505, (702) 658-4300
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 11, 1999
- -------------------------------------------------------------------------------
(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 that 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)
- --------------------------
(1) The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
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, as amended, 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).
(Page 1 of 14 Pages)
<PAGE>
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CUSIP No. 80190410 13D Page 2 of 14 Pages
- --------------------------------- ----------------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Paul W. Lowden
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
N/A (b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
N/A
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
4,348,069 (rounded up to the nearest whole share)
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
----------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 4,348,069 (rounded up to the nearest whole share)
REPORTING
- -------------------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,348,069 (rounded up to the nearest whole share)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
N/A
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
66.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 80190410 13D Page 3 of 14 Pages
- --------------------------------- ----------------------------------
This Amendment No. 68 amends and supplements Amendment No. 67 to the
Schedule 13D, dated May 17, 1999 (the "Schedule 13D"), of Mr. Paul W. Lowden,
relating to the shares of common stock, par value $.01 per share (the "Common
Stock"), of Santa Fe Gaming Corporation (the "Company"), a Nevada
corporation, filed pursuant to Rule 13d-2 of Regulation 13D of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). The Company, formerly
known as Sahara Gaming Corporation ("Sahara Gaming"), a publicly traded
Nevada corporation, is the successor corporation of two affiliates, Sahara
Resorts ("Sahara Resorts"), a Nevada corporation, and Sahara Casino Partners.
L.P. (the "Partnership"), a Delaware limited partnership, which combined in a
business combination in September 1993 (the "Reorganization").
In September 1993, (i) the Partnership was converted into corporate
form through the merger of the Partnership with and into Sahara Gaming (the
"Partnership Merger"), as a result of which Sahara Gaming was the surviving
entity, and (ii) Sahara Resorts was merged into Sahara Merger Corp. ("Merger
Corp."), a Nevada corporation wholly-owned by Sahara Gaming, as a result of
which Sahara Resorts was the surviving corporation wholly-owned by Sahara
Gaming. At the time of the Reorganization, Sahara Resorts was the holding
company for a majority interest in the Partnership and its operations. As a
result of the Reorganization, Sahara Gaming succeeded to all of the assets
and liabilities of the Partnership and Sahara Resorts and was the successor
issuer of Sahara Resorts for purposes of Rule 414 under the Securities Act of
1933, as amended. In 1996, Sahara Gaming changed its name to Santa Fe Gaming
Corporation (the "Company").
Item 4. PURPOSE OF TRANSACTION.
The response to Item 4 is hereby amended and restated in its
entirety to read as follows:
"Purchases of Common Stock described herein were made for investment
purposes only. Mr. Lowden may, from time to time, purchase additional shares
of Common Stock in the open market or in privately negotiated transactions.
Because of his beneficial ownership of 66.3% of the outstanding
shares of Common Stock of the Company, Mr. Lowden has the power to initiate a
plan or proposal which may result in the occurrence of one or more of the
events described in Item 4 of Schedule 13D ("Item 4 Event"). While Mr. Lowden
currently has no such plans or proposals, it is conceivable that he could, in
the future, develop and implement a plan or proposal which would result in
the occurrence of one or more Item 4 Events."
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
The response to Item 5 is hereby amended and restated in its
entirety to read as set forth below. Item 5(c) has been amended to reflect
additional acquisitions made by Mr. Lowden and by LICO since Mr. Lowden's
Amendment No. 67 to Schedule 13D was filed May 17, 1999 and to correct
inadvertent mistakes made in reporting Mr. Lowden's initial ownership
interest in the Company after the Reorganization and certain acquisitions and
dispositions of shares by Mr. Lowden and LICO.
<PAGE>
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CUSIP No. 80190410 13D Page 4 of 14 Pages
- --------------------------------- ----------------------------------
"(a) Mr. Lowden beneficially owns 4,348,069 shares of Common Stock,
or 66.3% of the outstanding Common Stock of the Company. Of the 4,348,069
shares beneficially owned by Mr. Lowden, Mr. Lowden has the right to acquire
359,510 of the shares under stock options which have been granted to him
pursuant to the Company's employee stock option plan and which are
exercisable currently.
(b) Mr. Lowden has sole voting and dispositive power with respect to
4,348,069 shares of Common Stock, or 66.3% of the outstanding Common Stock of
the Company.
(c) Prior to the Reorganization, Mr. Lowden beneficially owned
approximately 73% of Sahara Resorts and less than 1% of the outstanding units
representing economics and certain other rights in the Partnership. In the
Reorganization, Mr. Lowden's ownership interests in Sahara Resorts and the
Partnership were converted into 2,521,875 shares or 50.9%, of the Company's
Common Stock. In February 1994, the Company declared a 25% stock dividend
with respect to all outstanding Common Stock. Since September 30, 1993, Mr.
Lowden has acquired beneficial ownership of 998,292.93 shares of Common Stock
through a stock dividend, 401(k) purchases, purchases in open market
transactions and through grants of employee incentive stock options. In
addition, Mr. Lowden disposed of 252,178 shares through contributions to LICO
and disposition of 401(k) shares.
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
2/25/94 625,653 n/a (1)
10/1/93 - 12/31/93 6.64 15.00 (2)
1/1/94 - 3/31/94 147.02 10.00 (2)
4/1/94 - 6/30/94 127.84 8.00 (2)
7/1/94 - 9/30/94 51.40 5.75 (2)
10/1/94 - 12/31/94 7.62 3.84 (2)
2/23/95 184.96 5.60 (2)
2/23/95 1,043.31 5.60 (2)
4/3/95 186.77 5.56 (2)
4/3/95 103.87 5.56 (2)
4/24/95 38.94 4.45 (2)
5/8/95 40.06 4.32 (2)
5/22/95 26.85 6.45 (2)
5/22/95 6.71 6.45 (2)
5/22/95 6.71 6.45 (2)
5/22/95 40.28 6.45 (2)
5/22/95 6.71 6.45 (2)
5/30/95 6.79 6.38 (2)
5/30/95 27.15 6.38 (2)
6/19/95 30.10 5.75 (2)
6/19/95 7.53 5.75 (2)
7/3/95 7.87 5.50 (2)
7/3/95 31.47 5.50 (2)
</TABLE>
<PAGE>
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CUSIP No. 80190410 13D Page 5 of 14 Pages
- --------------------------------- ----------------------------------
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
7/10/95 31.47 5.50 (2)
7/10/95 7.87 5.50 (2)
7/31/95 12.13 4.95 (2)
7/31/95 3.03 4.95 (2)
10/26/95 80,000 3.00 (3)
1/29/96 106.31 4.07 (2)
1/29/96 26.58 4.07 (2)
2/12/96 125.60 3.45 (2)
2/12/96 31.40 3.45 (2)
2/26/96 135.43 3.20 (2)
2/26/96 33.86 3.20 (2)
3/11/96 130.33 3.32 (2)
3/11/96 32.58 3.32 (2)
3/18/96 130.33 3.32 (2)
3/18/96 32.58 3.32 (2)
4/9/96 66.11 3.20 (2)
4/9/96 16.53 3.20 (2)
1/20/97 329.67 1.31 (2)
1/20/97 82.42 1.31 (2)
2/10/97 329.67 1.31 (2)
2/10/97 82.42 1.31 (2)
2/21/97 80,000 1.50 (4)
2/25/97 286.55 1.51 (2)
2/25/97 71.64 1.51 (2)
3/10/97 275.60 1.57 (2)
3/10/97 68.90 1.57 (2)
3/24/97 313.54 1.38 (2)
3/24/97 78.38 1.38 (2)
4/14/97 169.22 1.25 (2)
4/14/97 42.30 1.25 (2)
1/11/98 149.20 1.45 (2)
1/11/98 37.30 1.45 (2)
1/21/98 116,650 1.00 (4)
1/25/98 78.38 2.76 (2)
1/25/98 19.59 2.76 (2)
2/8/98 98.34 2.20 (2)
2/8/98 24.58 2.20 (2)
2/22/98 133.13 1.63 (2)
2/22/98 33.28 1.63 (2)
3/8/98 110.94 1.95 (2)
3/8/98 27.73 1.95 (2)
3/19/98 162,860 1.00 (4)
</TABLE>
<PAGE>
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CUSIP No. 80190410 13D Page 6 of 14 Pages
- --------------------------------- ----------------------------------
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
4/15/98 133.13 1.63 (2)
4/15/98 33.28 1.63 (2)
4/30/98 173.07 1.25 (2)
4/30/98 43.26 1.25 (2)
5/11/98 183.34 1.18 (2)
5/11/98 45.83 1.18 (2)
5/26/98 150.24 1.44 (2)
5/26/98 37.56 1.44 (2)
6/8/98 150.24 1.44 (2)
6/8/98 37.56 1.44 (2)
6/29/98 183.34 1.18 (2)
6/29/98 45.83 1.18 (2)
7/7/98 91.06 1.32 (2)
7/7/98 27.31 1.32 (2)
1/14/99 0 -
1/29/99 341.77 .63 (2)
2/11/99 285.41 .75 (2)
2/11/99 71.35 .76 (2)
2/26/99 311.28 .69 (2)
2/26/99 77.81 .70 (2)
3/11/99 389.80 .56 (2)
3/11/99 97.44 .56 (2)
3/29/99 228.93 .94 (2)
3/29/99 57.23 .95 (2)
4/16/99 329.78 .82 (2)
4/20/99 494.49 .44 (2)
4/21/99 146.96 .37 (2)
5/4/99 219.07 1.23 (2)
5/19/99 296.20 .91 (2)
6/4/99 389.09 .70 (2)
6/16/99 356.75 .76 (2)
------
Total 998,292.93
</TABLE>
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE TRANFERRED PRICE PER SHARE
- ---- ----------------- ---------------
<S> <C> <C>
8/31/94 2,178 n/a (5)
9/17/96 125,000 n/a (6)
9/30/96 125,000 n/a (6)
Total 252,178
</TABLE>
<PAGE>
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CUSIP No. 80190410 13D Page 7 of 14 Pages
- --------------------------------- ----------------------------------
- ------------------
(1) 25% stock dividend issued with respect to all outstanding Common Stock.
(2) Mr. Lowden's 401(k) purchases. The purchases are made every three
months and, during the time period from October 1, 1993 through
December 31, 1994 reflected in these entries, the purchases were
reported in the aggregate for the three month period on the statement
provided by the Company's plan administrator. The purchase price per
share reflects an average price per share for the purchases made during
the three month period indicated. Fractional shares listed are the
result of allocations of bulk purchases made by the plan administrator.
(3) These shares were canceled and reissued on 2/21/97 and, therefore, have
been included only once in the calculation of acquired shares.
(4) Employee incentive stock options, exercisable currently.
(5) Transferred from Mr. Lowden personally, as trustee for his son Paul
Lowden IV, to Paul and Suzanne Lowden's joint account.
(6) Contributed to LICO.
Mr. Lowden is the 100% shareholder of LICO, which is a shareholder
of the Company. Pursuant to Rule 13d-3(a) of the Exchange Act, because of Mr.
Lowden's relationship to LICO, Mr. Lowden is deemed to be the indirect
beneficial owner of Common Stock purchased by LICO. Since September 30, 1993,
LICO acquired 1,274,079 shares of Common Stock through open market
transactions, stock dividends, contributions to capital from Mr. Lowden
individually, contributions to capital from Mr. and Mrs. Lowden jointly and
contributions to capital from Mrs. Lowden individually. During this period of
time, LICO also sold 185,000 shares of Common Stock in three open market
transactions, as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
11/4/93 1,000 $15.63
11/4/93 500 15.50
11/4/93 500 15.38
11/4/93 1,000 14.88
2/25/94 3,630 n/a (1)
3/3/94 1,000 10.75
4/12/94 1,000 9.88
4/13/94 1,000 9.63
4/13/94 1,000 9.50
4/15/94 1,000 9.13
4/19/94 1,000 8.50
5/4/94 1,000 7.75
6/8/94 5,000 6.63
6/13/94 2,000 6.13
6/24/94 2,000 5.38
8/25/94 2,000 5.50
9/9/94 271 5.73
</TABLE>
<PAGE>
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CUSIP No. 80190410 13D Page 8 of 14 Pages
- --------------------------------- ----------------------------------
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
11/18/94 500 4.50
11/18/94 4,500 4.69
11/30/94 5,000 4.00
12/9/94 1,200 3.69
12/9/94 800 3.63
12/15/94 1,000 3.63
12/30/94 5,000 3.31
12/30/94 5,000 3.25
1/12/95 2,000 4.75
1/13/95 1,000 4.75
1/25/95 2,000 4.38
6/1/95 3,000 6.00
6/22/95 3,000 4.88
7/19/95 3,000 4.75
8/16/95 5,000 4.38
8/16/95 300 4.38
8/17/95 600 4.38
8/18/95 2,100 4.38
8/21/95 600 4.38
8/22/95 1,400 4.25
8/29/95 4,000 4.50
8/29/95 1,000 4.25
9/12/95 2,800 4.00
9/12/95 2,200 3.88
11/10/95 3,000 3.13
11/10/95 2,000 3.00
11/28/95 2,500 2.94
11/28/95 2,500 2.88
3/27/96 5,000 3.13
5/9/96 60,000 3.13
5/24/96 5,000 2.94
9/11/96 500 2.00
9/17/96 125,000 n/a (2)
9/30/96 125,000 n/a (2)
11/6/96 3,400 1.75
11/7/96 1,600 1.63
2/12/97 100,000 1.25
4/17/97 10,000 1.13
5/27/97 10,000 1.00
7/7/97 2,000 .88
7/8/97 11,178 n/a (2)
7/11/97 2,000 .88
</TABLE>
<PAGE>
- --------------------------------- ----------------------------------
CUSIP No. 80190410 13D Page 9 of 14 Pages
- --------------------------------- ----------------------------------
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
7/17/97 2,000 .81
7/17/97 5,000 .88
7/22/97 6,250 n/a (3)
10/21/97 5,000 .75
7/6/98 60,000 1.00
10/28/98 4,000 .69
11/2/98 800 .69
11/4/98 200 .69
11/4/98 100 .69
11/5/98 4,900 .69
11/10/98 10,000 .69
11/12/98 10,000 .69
11/17/98 89,750 .63
11/19/98 10,000 .63
11/27/98 600 .56
11/27/98 9,000 .69
11/30/98 4,400 .56
11/30/98 20,000 .50
12/1/98 5,000 .44
12/1/98 5,000 .44
12/1/98 1,000 .38
12/2/98 1,600 .38
12/2/98 4,000 .38
12/3/98 3,400 .38
12/4/98 5,000 .38
12/7/98 5,000 .38
12/18/98 3,000 .44
12/18/98 200 .38
12/21/98 1,300 .38
12/22/98 3,100 .38
12/23/98 1,200 .38
12/23/98 400 .38
12/24/98 400 .38
12/28/98 100 .31
12/28/98 5,000 .31
12/28/98 400 .38
12/29/98 400 .31
12/30/98 4,500 .31
1/29/99 13,300 .50
2/2/99 1,500 .63
2/2/99 5,000 .50
2/2/99 5,000 .50
</TABLE>
<PAGE>
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CUSIP No. 80190410 13D Page 10 of 14 Pages
- --------------------------------- ----------------------------------
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
2/3/99 1,800 .63
2/3/99 1,000 .63
2/4/99 2,000 .69
2/4/99 5,000 .75
2/4/99 1,500 .75
2/4/99 3,000 .75
2/5/99 5,000 .69
2/5/99 3,000 .69
2/8/99 2,800 .63
2/9/99 800 .63
2/10/99 1,000 .63
2/11/99 1,100 .63
2/11/99 400 .63
2/16/99 3,900 .63
2/16/99 14,900 .63
2/17/99 9,900 .63
2/17/99 5,000 .56
2/18/99 10,000 .63
2/22/99 1,800 .56
2/23/99 3,200 .56
2/24/99 6,000 .63
2/25/99 1,000 .50
2/25/99 1,000 .56
2/26/99 5,000 .56
3/2/99 1,500 .50
3/2/99 16,000 .56
3/3/99 1,000 .56
3/3/99 29,400 .56
3/4/99 1,900 .56
3/8/99 500 .63
3/9/99 3,800 .63
3/10/99 200 .63
3/11/99 1,600 .63
3/11/99 5,000 .63
3/11/99 5,000 .63
3/11/99 500 .63
3/12/99 1,500 .63
3/16/99 3,500 .63
3/18/99 4,000 .81
3/18/99 6,300 .81
3/22/99 4,300 .88
3/23/99 2,200 .88
</TABLE>
<PAGE>
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CUSIP No. 80190410 13D Page 11 of 14 Pages
- --------------------------------- ----------------------------------
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
3/23/99 3,300 .94
3/24/99 3,500 .88
3/25/99 600 .81
3/25/99 5,000 .88
3/26/99 1,800 .81
3/29/99 2,300 .81
3/30/99 100 .81
3/31/99 200 .81
3/31/99 14,600 .50
4/1/99 1,000 .63
5/3/99 5,000 .75
5/3/99 2,500 .69
5/3/99 5,000 .56
5/3/99 15,000 .44
5/4/99 1,500 1.13
5/4/99 2,500 1.06
5/4/99 12,500 1.00
5/6/99 2,000 1.00
5/6/99 3,000 .94
5/13/99 1,000 .75
5/21/99 5,000 .75
5/25/99 5,000 .63
5/26/99 5,000 .63
6/4/99 9,000 .63
6/7/99 25,000 .63
6/8/99 5,000 .56
6/11/99 12,500 .63
6/14/99 20,000 .66
6/14/99 15,000 .63
6/15/99 5,000 .66
6/18/99 7,500 .69
6/24/99 5,000 .69
7/6/99 10,000 .75
8/3/99 5,000 .88
8/4/99 5,000 .94
8/5/99 5,000 .94
-----
Total 1,274,079
</TABLE>
- -----------------
(1) 25% stock dividend issued with respect to all outstanding Common Stock.
<PAGE>
- --------------------------------- ----------------------------------
CUSIP No. 80190410 13D Page 12 of 14 Pages
- --------------------------------- ----------------------------------
(2) Contributed to the capital of LICO by Mr. and Mrs. Lowden.
(3) Contributed to the capital of LICO by Mrs. Lowden.
<TABLE>
<CAPTION>
DATE NUMBER OF SHARES SOLD PRICE PER SHARE
- ---- --------------------- ---------------
<S> <C> <C>
12/27/96 100,000 $1.25
12/30/97 60,000 0.69
12/28/98 25,000 0.38
------
Total 185,000
</TABLE>
Since September 30, 1993, Mr. Lowden and his wife, Suzanne Lowden,
jointly acquired 1,800 shares of Common Stock as a result of a stock
dividend, jointly acquired 2,178 shares of Common Stock from the trust for
their son, Paul W. Lowden IV, and jointly contributed 11,178 shares of Common
Stock (including the 3,978 shares previously acquired) to the capital of
LICO, as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
8/31/94 2,178 $6.74 (1)
-----
Total 2,178
</TABLE>
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE CONTRIBUTED TO LICO PRICE PER SHARE
- ---- ------------------- ---------------
<S> <C> <C>
7/8/97 11,178 n/a (2)
</TABLE>
(1) Transferred from the trust for Paul W. Lowden IV to Paul and Suzanne
Lowden's joint account.
(2) Contributed to the capital of LICO from Mr. and Mrs. Lowden's joint
account. Includes 2,178 shares previously transferred from Paul Lowden as
trustee for his son, Paul Lowden IV, to Paul and Suzanne's joint account.
Since September 30, 1993, Mr. Lowden's wife, Suzanne Lowden,
individually acquired 2,904 shares of Common Stock as a result of a stock
dividend and in open market transactions and contributed to the capital of
LICO 6,250 shares of Common Stock, as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
2/25/94 850 n/a (1) (2)
2/25/94 54 n/a (1)
3/7/94 1,000 $10.63 (2)
5/10/94 1,000 8.63 (2)
-----
Total 2,904
</TABLE>
<PAGE>
- --------------------------------- ----------------------------------
CUSIP No. 80190410 13D Page 13 of 14 Pages
- --------------------------------- ----------------------------------
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE CONTRIBUTED TO LICO PRICE PER SHARE
- ---- ------------------- ---------------
<S> <C> <C>
7/22/97 6,250 n/a (2)
-----
Total 6,250
</TABLE>
- ------------------
(1) 25% stock dividend issued with respect to all outstanding Common Stock.
(2) Contributed to the capital of LICO.
Mr. Lowden disclaims beneficial ownership of such shares.
Since September 30, 1993, Mrs. Lowden, as custodian for Mr. and Mrs.
Lowden's son, Paul W. Lowden IV, acquired 425 shares of Common Stock through
a stock dividend, as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED PRICE PER SHARE
- ---- ------------------ ---------------
<S> <C> <C>
2/25/94 425 n/a (stock dividend)
</TABLE>
Mr. Lowden disclaims beneficial ownership of such shares.
Since September 30, 1993, Mrs. Lowden, as custodian for Mr. and Mrs.
Lowden's son, William Lowden, acquired 1,679 shares of Common Stock as a
result of a stock dividend and in open market transactions, as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES
DATE PURCHASED/ACQUIRED(1) PRICE PER SHARE
- ---- --------------------- ---------------
<S> <C> <C>
2/25/94 179 n/a (1)
3/8/94 500 $10.75
4/11/94 500 9.88
5/6/96 500 8.13
---
1,679
</TABLE>
- ---------------
(1) 25% stock dividend issued with respect to all outstanding Common Stock.
Mr. Lowden disclaims beneficial ownership of such shares.
(d) Suzanne Lowden has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of 271 shares of
Common Stock registered in her name, as well as 2,125 shares of Common Stock
registered in her name as custodian for Mr. and Mrs. Lowden's son, Paul W.
Lowden, IV, and 2,396 shares of Common Stock registered in her name as
custodian for Mr. and Mrs. Lowden's son, William Lowden. Mr. Lowden disclaims
beneficial ownership of such shares.
(e) Not Applicable."
<PAGE>
- --------------------------------- ----------------------------------
CUSIP No. 80190410 13D Page 14 of 14 Pages
- --------------------------------- ----------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this Amendment No. 68
to Schedule 13D is true, complete and correct.
Dated: August 20, 1999
By: /s/ PAUL W. LOWDEN
------------------
Paul W. Lowden
