UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8) *
NAB Asset Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
628-712-101
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing 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).
*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 ("Act") 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>
CUSIP No. 628-712-101 13G Page 2 of 4 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Greenhaven Associates, Inc. - Tax I.D. #13-3436799
2. Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
Westchester County, NY, U.S.A.
Number of Shares Beneficially Owned by Each Reporting Person with
5. Sole Voting Power
131,025
6. Shared Voting Power
-0-
7. Sole Dispositive Power
131,025
8. Shared Dispositive Power
286,800
9. Aggregate Amount Beneficially Owned by Each Reporting Person
417,825
10. Check Box if the Aggregate Amount in Row (9) excludes Certain Shares*
-0-
11. Percent of Class Represented by Amount in Row 9
8.21%
14. Type of Reporting Person*
IA
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4 pages
<PAGE>
Greenhaven Associates, Inc.
Item 1. (a) NAB Asset Corporation
(b) 19200 Von Karman Avenue
Suite 950
Irvine, CA 92612
Item 2. (a) Greenhaven Associates, Inc.
(b) Three Manhattanville Road
Purchase, New York 10577
(c) Westchester County, NY, U.S.A.
(d) Common Stock
(e) CUSIP # 628-712-101
Item 3. (e) Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
Item 4. (a) 417,825
(b) 8.21%
(c) (i) 131,025
(ii) -0-
(iii) 131,025
(iv) 286,800
Item 5. Not Applicable
Item 6. Greenhaven Associates, Inc. (Greenhaven) has investment discretion
with respect to the securities to which this statement relates.
Greenhaven has sole power to vote to the extent of 131,025 shares.
Clients of Greenhaven are the direct owners of all other shares reported
as beneficially owned. Such clients have the sole right to receive and
the power to direct the receipt of dividends from, and the proceeds from
the sale of such securities. No such client has an interest that relates
to more than 5% of the shares.
Item 7. Not Applicable
Item 8. Not Applicable
Item 9. Not Applicable
Page 3 of 4
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
Instruction: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following. [_]
Instruction: Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent of Behalf of Another Person.
If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identification of the relevant subsidiary.
Item 8. Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the identity of each member
of the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
Item 10. Certification
The following certification shall be included is the statement if filed
pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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.
January 13,1998
------------------------------
Date
/s/ Matt A. Greenberg
------------------------------
Signature
Matt A. Greenberg
Executive Vice President
------------------------------
Name/Title
Page 4 of 4
