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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. 4)*
Haverfield Corporation
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
419-411-10-3
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(CUSIP Number)
Marc C. Krantz, Kohrman Jackson & Krantz P.L.L.,
1375 East 9th Street, Cleveland, Ohio 44114, 216-736-7204
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 6, 1996
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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(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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).
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<TABLE>
SCHEDULE 13D
CUSIP NO. 419-411-10-3
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard M. Osborne Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(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 ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Ohio
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NUMBER OF 7 SOLE VOTING POWER
SHARES 174,819
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 174,819
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PERSON 10 SHARED DISPOSITIVE POWER
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,819
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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)
9.17%
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14 TYPE OF REPORTING PERSON*
OO
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</TABLE>
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<TABLE>
SCHEDULE 13D
CUSIP NO. 419-411-10-3
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Turkey Vulture Fund XIII, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Ohio
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NUMBER OF 7 SOLE VOTING POWER
SHARES 15,400
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 15,400
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PERSON 10 SHARED DISPOSITIVE POWER
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,400
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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)
0.81%
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14 TYPE OF REPORTING PERSON*
OO
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</TABLE>
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CUSIP No. 419-411-10-3
This Amendment No. 4 to Schedule 13D Statement is jointly filed on behalf
of the Richard M. Osborne Trust (the "Trust"), and Turkey Vulture Fund XIII,
Ltd., for the purpose of reporting certain acquisitions by the Trust of shares
of common stock, par value $0.01 per share (the "Shares"), of Haverfield
Corporation, an Ohio corporation ("Haverfield").
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended and supplemented as follows:
The Shares reported herein as having been acquired by the Trust were
acquired for the approximate aggregate purchase price of $610,000. The Trust
acquired such Shares with margin debt from McDonald & Company Securities, Inc.
("McDonald"). A copy of the agreement and disclosure statement setting forth
the terms of the Trust's McDonald margin debt is attached to Amendment No. 2 to
the Schedule 13D Statement, filed on June 3, 1996, as Exhibits 7.2 and 7.3,
respectively.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended and supplemented as follows:
(a) According to the most recently available filing with the Securities
and Exchange Commission by Haverfield, there are 1,906,591 Shares actually
outstanding.
The Fund beneficially owns 15,400 Shares, or approximately 0.81% of
the outstanding Shares, and the Trust beneficially owns 174,819 Shares, or
approximately 9.17% of the outstanding Shares. Because Mr. Osborne is sole
manager of the Fund and sole trustee of the Trust, (i) Mr. Osborne may be
deemed to beneficially own such Shares, and (ii) the Trust and the Fund may be
deemed members of a group under Section 13(d)(3) of the Exchange Act.
Together, the Fund and the Trust beneficially own 190,219 Shares, or
approximately 9.98% of the outstanding Shares.
(b) Mr. Osborne, as sole manager of the Fund and sole trustee of the
Trust, has sole power to vote, or to direct the voting of, and the sole power
to dispose or to direct the disposition of, the 190,219 Shares owned by the
Fund and Trust.
(c) Since July 18, 1996, the Trust acquired Shares in the following open
market transactions:
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CUSIP No. 419-411-10-3
<TABLE>
Approximate
Per Share Price
Number of (Excluding
Date Shares Commissions)
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<S> <C> <C>
July 24, 1996 3,300 $19.00
July 30, 1996 5,000 $18.88
August 1, 1996 10,000 $18.88
August 6, 1996 8,800 $18.88
August 6, 1996 5,169 $19.00
</TABLE>
Item 7. Material to be Filed as Exhibits.
Item 7 is amended and supplemented as follows:
7.6 -- Agreement of Joint Filing
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CUSIP No. 419-411-10-3
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: August 12, 1996 THE RICHARD M. OSBORNE TRUST
By: /s/ Richard M. Osborne
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Richard M. Osborne, Trustee
TURKEY VULTURE FUND XIII, LTD.
By: /s/ Richard M. Osborne
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Richard M. Osborne, Manager
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CUSIP No. 419-411-10-3
Exhibit Index
7.6 -- Agreement of Joint Filing
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EXHIBIT 7.6
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(f) promulgated under the Securities Exchange Act of
1934, as amended, the undersigned persons hereby agree to file with the
Securities and Exchange Commission, the Statement on Schedule 13D (the
"Statement") to which this Agreement is attached as an exhibit, and agree that
such Statement, as so filed, is filed on behalf of each of them.
This Agreement may be executed in counterparts, each of which when so
executed shall be deemed to be an original, and all of which together shall be
deemed to constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
Dated: August 12, 1996
TURKEY VULTURE FUND XIII, LTD.
By: /s/ Richard M. Osborne
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Richard M. Osborne
Manager
RICHARD M. OSBORNE TRUST
By: /s/ Richard M. Osborne
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Richard M. Osborne
Trustee
