SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1
AMENDMENT NO. 1 TO THE
TENDER OFFER STATEMENT
(FINAL AMENDMENT)
(Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934)
NTS-PROPERTIES VII, LTD.
(Name of Issuer)
ORIG, LLC
(Name of Person Filing Statement)
LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
62942E506
(CUSIP Number of Class of Securities)
J.D. Nichols, Managing Member
ORIG, LLC
10172 Linn Station Road
Louisville, Kentucky 40223
(502) 426-4800
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Person Filing Statement)
Copy to:
Michael J. Choate, Esq.
Shefsky & Froelich Ltd.
444 North Michigan Avenue, Suite 2500
Chicago, Illinois 60611
(312) 836-4066
December 7, 1998
(Date Tender Offer First Published, Sent or Given to Security Holders)
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AMENDMENT NO. 1 TO
TENDER OFFER STATEMENT ON SCHEDULE 14D-1
(FINAL AMENDMENT)
INTRODUCTION
This Amendment No. 1 dated March 12, 1999 supplements and amends the
Tender Offer Statement on Schedule 14D-1 filed with the Securities and Exchange
Commission on February 4, 1999 (the "Original Statement") by ORIG, LLC, a
Kentucky limited liability company, regarding the Offerors' offer to purchase in
the aggregate up to 20,000 limited partnership interests in the Partnership.
Capitalized terms not defined herein shall have the same meaning as in the
Original Statement. A copy of the Offer to Purchase dated December 7, 1998 and
the related Letter of Transmittal (which together constitute the "Offer") were
incorporated by reference in the Original Statement.
Under the terms of the Offer, the Offer expired at 12:00 midnight,
Eastern Standard Time, on March 6, 1999. As of March 6, 1999, a total of 25,794
Interests were properly tendered pursuant to the Offer. The Offerors exercised
their right under the terms of the Offer to purchase more than 20,000 Interests
and all of the 25,794 Interests tendered were accepted by the Offerors, without
proration. The Partnership repurchased 10,000 of these Interests. The Bidder
purchased 15,794 of these Interest. By Press Release dated March 12, 1999, the
Offerors announced: (i) that the Offer had terminated as of March 6, 1999, as
scheduled; and (ii) the final results of the Offer.
This Amendment constitutes the final amendment to the Original
Statement in accordance with General Instruction D to Schedule 14D-1.
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1) Names of Reporting Persons, I.R.S. Identification Nos.of Above
Persons (entities only): ORIG, LLC
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
a. |X|
b. |_|
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3) SEC Use Only
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4) Sources of Funds (See Instructions): WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) or 2(f): |_|
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6) Citizenship or Place of Organization: ORIG, LLC is a Kentucky
limited liability company.
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7) Aggregate Amount Beneficially Owned by Each Reporting Person:
ORIG, LLC beneficially owns 21,537 of the limited liability
interests in the Partnership. (1)
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8) Check if the Aggregate Amount in Row 7 Excludes Certain Shares
(See Instructions): |_|
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9) Percent of Class Represented by Amount in Row 7: 3.8%
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10) Type of Reporting Person (See Instruction): 00
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(1) ORIG, LLC disclaims beneficial ownership of 5,743 of these
Interests, consisting of: (i) 5,738 Interests owned by Ocean Ridge Investments,
Ltd., a Florida limited partnership ("Ocean Ridge"); and (ii) five Interests
owned by the General Partner.
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1) Names of Reporting Persons, I.R.S. Identification Nos.of Above
Persons (entities only): J.D. Nichols
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
a. |X|
b. |_|
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3) SEC Use Only
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4) Sources of Funds (See Instructions): PF
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5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) or 2(f): |_|
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6) Citizenship or Place of Organization: J.D.Nichols is a citizen
of the U.S.A.
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7) Aggregate Amount Beneficially Owned by Each Reporting Person:
J.D. Nichols beneficially owns 21,537 of the limited liability
interests in the Partnership.(1)
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8) Check if the Aggregate Amount in Row 7 Excludes Certain Shares
(See Instructions): |_|
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9) Percent of Class Represented by Amount in Row 7: 3.8%
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10) Type of Reporting Person (See Instruction): IN
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(1) Mr. Nichols disclaims beneficial ownership of 7,322 of these
Interests, consisting of (i) 5,738 Interests owned by Ocean Ridge; (ii) five
Interests owned by the General Partner; and (iii) 1,579, or 10%, of the 15,794
Interests owned by ORIG.
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1) Names of Reporting Persons, I.R.S. Identification Nos.of Above
Persons (entities only): Brian F. Lavin
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
a. |X|
b. |_|
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3) SEC Use Only
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4) Sources of Funds (See Instructions): PF
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5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) or 2(f): |_|
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6) Citizenship or Place of Organization: Brian F. Lavin is a
citizen of the U.S.A.
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7) Aggregate Amount Beneficially Owned by Each Reporting Person:
Brian F. Lavin beneficially owns 21,537 of the limited
liability interests in the Partnership.(1)
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8) Check if the Aggregate Amount in Row 7 Excludes Certain Shares
(See Instructions): |_|
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9) Percent of Class Represented by Amount in Row 7: 3.8%
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10) Type of Reporting Person (See Instruction): IN
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(1) Mr. Lavin disclaims beneficial ownership of 19,958 of these
Interests, consisting of (i) 5,738 Interests owned by Ocean Ridge; (ii) five
Interests owned by the General Partner; and (iii) 14215, or 90%, of the 15,794
Interests owned by ORIG.
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Item 6. Interest in Securities of the Subject Company.
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Reference is hereby made to cover pages 3-5 hereto, which are
incorporated herein by reference.
Except for the purchase of 25,794 Interests for $6 per Interest by the
Offerors as of March 6, 1999 pursuant to the Offer, there have not been any
transactions involving Interests that were effected during the past forty (40)
business days by the Partnership, Mr. Nichols or Mr. Lavin, the Bidder or any
other associate or subsidiary of any such person.
Item 11. Material to be Filed as Exhibits.
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The response to Item 11 of the Schedule 14D-1 is hereby supplemented
and amended as follows:
(a)(7) Press Release by the Offerors dated March 12, 1999.
SIGNATURE
After due 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.
Date: March 12, 1999 ORIG, LLC, a Kentucky limited liability
company
By: /s/ J. D. Nichols
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J.D. Nichols,
Its: Managing Member
J. D. NICHOLS
/s/ J. D. Nichols
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J.D. Nichols
BRIAN F. LAVIN
/s/ Brian F. Lavin
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Brian F. Lavin
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EXHIBITS
Exhibit
Number Description
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(a)(7) Press Release by the Offerors dated March 12, 1999
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Exhibit (a)(7)
Press Release by the Offerors dated March 12, 1999.
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NTS-PROPERTIES VII, LTD. AND ORIG, LLC
ANNOUNCE EXPIRATION OF TENDER OFFER.
Louisville, Ky. March 12, 1999. NTS-Properties VII, Ltd. and ORIG, LLC
announced today that the issuer tender offer for up to 20,000 Limited
Partnership Interests in NTS-Properties VII, Ltd. which commenced on December 7,
1998, expired on March 6, 1999.
The final results of the Offer are as follows: On March 6, 1998, a
total of 25,794 Interests were tendered pursuant to the Offer. The Offerors
exercised their right under the terms of the Offer to purchase more than 20,000
Interests, and all of the 25,794 Interests were accepted by the Offerors.
NTS-Properties VII, Ltd. repurchased 10,000 Interests at a price of $6 per
Interest pursuant to the Offer, and ORIG, LLC purchased 15,794 Interests at a
price of $6 per Interest pursuant to the Offer.
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