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UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. (1)*
Haverfield Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
419411103
(CUSIP Number)
Gideon J. King
c/o Loeb Partners Corporation
61 Broadway, N.Y., N.Y., 10006 (212) 483-7023
(Name, address and Telephone Number of Person Authorized to Receive Notices
and Communications)
September 2, 1997
(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 statement [ ]. (A fee is not
required only if the following reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described is 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 remained 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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SCHEDULE 13D
CUSIP NO. 419411103
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Arbitrage Fund
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC, O
5 CHECK BOC IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF 7 SOLE VOTING POWER
SHARES 113,525 Shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -----
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 113,525 Shares
PERSON WITH 10 SHARED DISPOSITIVE POWER
-----
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,525 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.96%
14 TYPE OF REPORTING PERSON*
PN, BD
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SCHEDULE 13D
CUSIP NO. 419411103
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Partners Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC, O
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 7 SOLE VOTING POWER
SHARES 10,330 Shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 7,055 Shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 10,330 Shares
PERSON WITH 10 SHARED DISPOSITIVE POWER
7,055 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,385 Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.91%
14 TYPE OF REPORTING PERSON*
CO, BD, IA
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Item 1. Security and Issuer.
No change.
Item 2. Identity and Background.
No change.
Item 3. Source and Amount of Funds or Other Compensation.
No change.
Item 4. Purpose of transaction.
No change.
Item 5. Interest in Securities of the Issuer.
(a) The persons reporting hereby owned the following shares of Common Stock as
of September 2, 1997.
Shares of Common Stock
Loeb Arbitrage Fund 113,525
Loeb Partners Corporation* 17,385
130,910
This constitutes 6.87% of the 1,906,349 outstanding shares as reported by the
issuer.
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* Including 7,055 shares purchased for the accounts of two customer of Loeb
Partners Corporation as to which it has investment discretion.
(b) See paragraph (a) above.
(c) The following purchase of Common Stock has been made in the last sixty (60)
days by the following:
Purchases of Common Stock
Holder Date No. of Shares Price
Loeb Arbitrage Fund 07-18-97 770 $26.08
07-31-97 13,125 27.12
08-20-97 5,170 26.77
08-25-97 4,312 26.54
09-02-97 10,436 27.05
Loeb Partners Corporation* 07-18-97 130 $26.08
07-31-97 2,075 27.13
08-20-97 830 26.77
08-25-97 688 26.55
09-02-97 1,674 27.05
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* Including 7,055 shares purchased for the accounts of two customers of Loeb
Partners Corporation as to which it has investment discretion.
All reported transactions were effected on NASDAQ.
(d) and (e). Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
the Issuer.
None.
Item 7. Materials to be Filed as Exhibits.
None.
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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.
September 4, 1997 Loeb Arbitrage Fund
By: Loeb Arbitrage Management,
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By: /s/ Arthur E. Lee
Arthur E. Lee, President
September 4, 1997 Loeb Partners Corporation
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By: /s/ Arthur E. Lee
Arthur E. Lee
Executive Vice President
