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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Lawyers Title Corporation
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
521029108
(CUSIP Number)
Carolyn S. Reiser, Esq.
Shartsis Friese & Ginsburg
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
(415) 421-6500
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
October 30, 1995
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 /XX/. (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).
SEC 1746 (12-91)
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SCHEDULE 13D
CUSIP No. 521029108 Page 3 of * Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Brookhaven Capital Management Co., Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF and WC
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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
New York
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NUMBER OF 7 SOLE VOTING POWER
SHARES 9,500
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 502,611
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 9,500
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
502,611
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
512,111
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8
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14 TYPE OF REPORTING PERSON*
CO and IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 4 of 13 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Vincent A. Carrino
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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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
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 15,500
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 358,061
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 15,500
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
358,061
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,561
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2
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14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 5 of 13 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Cadence Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/
(b) / /
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3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
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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
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 206,900
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
206,900
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
206,900
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 6 of 13 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Focused Capital Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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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
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 151,161
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
151,161
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
151,161
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 7 of 13 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Daniel R. Coleman
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2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /XX/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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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
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 358,061
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
358,061
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,061
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 8 of 13 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of Lawyers
Title Corporation ("LTC"). The principal executive office of LTC is located
at 6630 West Broad Street, Richmond, Virginia 23230.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and controlling
persons, and the information regarding them, are as follows:
(a) Focused Capital Partners, L.PL., a Delaware limited partnership
("FCP") (formerly called Brookhaven Partners, L.P.); Cadence Fund, L.P., a
Delaware limited partnership ("CF"); Brookhaven Capital Management Co., Ltd.,
a New York corporation ("BCM"); Vincent A. Carrino ("Carrino"); and Daniel R.
Coleman ("Coleman").
(b) The business address of BCM, FCP, CF and Carrino is 3000 Sandhill
Road, Building 4, Suite 130, Menlo Park, California 94025. The business
address of Coleman is 500 108th Avenue NE, Suite 380, Bellevue, Washington
98004.
(c) BCM is an investment adviser to various accounts including FCP and
CF, which are investment limited partnerships. Carrino and Coleman are the
general partners of FCP and CF. Carrino is the sole director and president
of BCM.
(d) During the last five years, none of such persons has been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of such persons was a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) Carrino and Coleman are citizens of the United States of America.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 9 of 13 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used in purchasing the Stock were as follows:
Purchaser Source of Funds Amount
BCM Working Capital $ 101,267
BCM Funds Under Management(1) $7,242,299
CF Working Capital $3,023,426
FCP Working Capital $2,125,401
Carrino Funds Under Management $ 223,820
(1) Includes funds of CF and FCP invested in Stock.
ITEM 4. PURPOSE OF TRANSACTION.
The sole purpose of the acquisitions of Stock reported herein was initially
for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock of the persons named in Item 2 of this
statement is as follows at the date hereof:
Aggregate
Beneficially
Owned Voting Power Dispositive Power
Name Number Percent Sole Shared Sole Shared
BCM 512,111 5.8 9,500 502,611 9,500 502,611
CF 206,900 2.3 0 206,900 0 206,900
FCP 151,161 1.7 0 151,161 0 151,161
Carrino 373,561 4.2 15,500 358,061 15,500 358,061
Coleman 358,061 4.0 0 358,061 0 358,061<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 10 of 13 Pages
The persons filing this statement effected the following transactions in the
Stock on the dates indicated, and such transactions are the only transactions
by the persons filing this statement in the Stock since September 7, 1995.
Purchase Number Price Broker
Name or Sale Date of Shares Per Share Used
CF P 9-11-95 5,000 15.2500 AJPA
FCP P 9-11-95 5,000 15.2500 AJPA
CF S 9-15-95 1,000 16.5000 STAR
CF P 10-12-95 2,000 15.0000 STAR
FCP P 10-13-95 5,000 15.6250 BRDG
CF P 10-16-95 7,000 15.7500 BRDG
CF P 10-23-95 7,000 15.1875 BRDG
CF S 10-24-95 5,000 15.7500 STAR
BCM P 10-24-95 2,000 15.5000 AJPA
BCM P 10-24-95 5,000 15.5000 BRDG
FCP P 10-27-95 1,000 15.8750 GRUN
FCP P 10-27-95 6,000 16.0000 STAR
CF P 10-27-95 5,000 15.7500 STAR
BCM P 10-27-95 5,000 16.0000 STAR
BCM P 10-30-95 15,000 15.0000 STAR
BCM P 10-30-95 13,000 15.7159 GRUN
FCP P 10-30-95 1,000 15.5000 BEAR
FCP P 10-30-95 2,500 15.2000 AJPA
FCP P 10-30-95 4,000 15.6250 BEAR
FCP P 10-30-95 9,000 15.7159 GRUN
FCP P 10-30-95 40,000 15.0000 STAR
CF P 10-30-95 60,000 15.0000 STAR
CARRINO P 10-31-95 5,000 16.3250 BEAR
BCM S 10-31-95 8,200 16.5000 HOEN
AJPA - A.J. Pace & Co., Inc.
BEAR - Bear Stearns Securities Corp.
BRDG - Bridge Trading Company
GRUN - Gruntal & Co. Incorporated
HOEN - Hoenig & Co., Inc.
STAR - Starr Securities, Inc.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 11 of 13 Pages
ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Carrino and Coleman are the general partners of FCP and CF pursuant to
limited partnership agreements providing to Carrino and Coleman the
authority, among other things, to invest the funds of FCP and CF in Stock, to
vote and dispose of Stock and to file this statement on behalf of FCP and CF.
Pursuant to such limited partnership agreements, the general partners of FCP
and CF are entitled to allocations based on assets under management and reali
zed and unrealized gains. Pursuant to investment management agreements, BCM
is authorized, among other things, to invest funds of its various investment
advisory clients, and to vote and dispose of those securities. Such
investment management agreements may be terminated by either party on notice
as provided in such agreements and provide for fees payable to BCM based on
assets under management and realized and unrealized gains. Carrino is
authorized by various individuals and entities to invest funds of those
individuals and entities and to vote and dispose of those securities.
Carrino does not receive any fees for such activities.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 12 of 13 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G
(including power of attorney).
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify that
the information set forth in this statement is true, complete and correct.
DATED: November 8, 1995.
FOCUSED CAPITAL PARTNERS, L.P. CADENCE FUND, L.P.
/s/ Vincent A. Carrino /s/ Vincent A. Carrino
By: _______________________ By: ________________________
Vincent A. Carrino Vincent A. Carrino
General Partner General Partner
BROOKHAVEN CAPITAL MANAGEMENT
CO., LTD.
/s/ Vincent A. Carrino /s/ Vincent A. Carrino
By: _______________________ _____________________________
Vincent A. Carrino Vincent A. Carrino
President
DANIEL R. COLEMAN
By: Brookhaven Capital Management
Co., Ltd., Attorney-in-Fact
/s/ Vincent A. Carrino
By: ______________________
Vincent A. Carrino
President<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 521029108 Page 13 of 13 Pages
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange
Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G
(and any amendments or supplements thereto) required under section 13(d) of
the Securities Exchange Act of 1934, as amended, in connection with purchases
by the undersigned of Common Stock of Lawyers Title Corporation. For that
purpose, the undersigned hereby constitute and appoint Brookhaven Capital
Management Co., Ltd., a New York corporation, as their true and lawful agent
and attorney-in-fact, with full power and authority for and on behalf of the
undersigned to prepare or cause to be prepared, sign, file with the SEC and
furnish to any other person all certificates, instruments, agreements and
documents necessary to comply with said section 13(d) in connection with said
purchases, and to do and perform every act necessary and proper to be done
incident to the exercise of the foregoing power, as fully as the undersigned
might or could do if personally present.
DATED: November 8, 1995.
BROOKHAVEN PARTNERS, L.P. CADENCE FUND, L.P.
/s/ Vincent A. Carrino /s/ Vincent A. Carrino
By: _______________________ By: ________________________
Vincent A. Carrino Vincent A. Carrino
General Partner General Partner
BROOKHAVEN CAPITAL MANAGEMENT
CO., LTD.
/s/ Vincent A. Carrino /s/ Vincent A. Carrino
By: _______________________ _____________________________
Vincent A. Carrino Vincent A. Carrino
President
DANIEL R. COLEMAN
By: Brookhaven Capital Management
Co., Ltd., Attorney-in-Fact
/s/ Vincent A. Carrino
By: ______________________
Vincent A. Carrino
President
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