<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.____________)*
TIG HOLDINGS, INC.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
872469101
(CUSIP Number)
Kathryn L. Taylor
1132 South Lewis
Tulsa, Oklahoma 74104
(918) 583-2955
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
November 30, 1998
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section 240.13d-7
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).
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Brion Properties
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* WC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization Louisiana
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* PN
* See instructions before filling out.
- 2 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Elizabeth Catherine Frame Trust
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* WC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization Oklahoma
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* OO
* See instructions before filling out.
- 3 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
William E. Lobeck, Jr.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* PF
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization United States
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* IN
* See instructions before filling out.
- 4 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
McWhorter Family Trust
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* WC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization Texas
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* OO
* See instructions before filling out.
- 5 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Archer McWhorter
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* PF
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization United States
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* IN
* See instructions before filling out.
- 6 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
MLPF&S Custodian FBO William E. Lobeck, Jr. Individual Retirement Account
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* WC
5) Check 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 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* OO
* See instructions before filling out.
- 7 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Sleepy Lagoon Ltd.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* WC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization Texas
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* PN
* See instructions before filling out.
- 8 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Swanner Family Trust
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ] (b) [ ]
3) SEC Use Only
4) Source of Funds* WC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization Louisiana
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* OO
* See instructions before filling out.
- 9 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Alvin Swanner
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ]
(b) [ ]
3) SEC Use Only
4) Source of Funds* PF
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization United States
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* IN
* See instructions before filling out.
- 10 -
<PAGE>
CUSIP No. 872469101
1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Kathryn L. Taylor
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ X ] (b) [ ]
3) SEC Use Only
4) Source of Funds* PF
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6) Citizenship or Place of Organization United States
Number of (7) Sole Voting Power 0
Shares
Beneficially (8) Shared Voting Power 5,053,400
Owned by
Each (9) Sole Dispositive Power 0
Reporting
Person With (10) Shared Dispositive Power 5,053,400
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,053,400
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ]
13) Percent of Class Represented by Amount in Row (11) 9.9%
14) Type of Reporting Person* IN
* See instructions before filling out.
- 11 -
<PAGE>
Item 1. Security and Issuer.
This Schedule 13D relates to Common Stock, par value $0.01 per
share ("Common Stock"), of TIG Holdings, Inc. ("Issuer"). The principal
executive offices of the Issuer are located at 65 East 55th Street, 28th
Floor, New York, New York 10022.
Item 2. Identity and Background.
This Schedule 13D is being filed by Brion Properties, the Elizabeth
Catherine Frame Trust ("Frame Trust"), William E. Lobeck, Jr., Archer
McWhorter, the McWhorter Family Trust, MLPF&S Custodian FBO William E.
Lobeck, Jr. Individual Retirement Account ("Lobeck IRA"), Sleepy Lagoon Ltd.,
Alvin E. Swanner, the Swanner Family Trust and Kathryn L. Taylor
(collectively "Reporting Persons")
Brion Properties is a Louisiana limited partnership which is
principally engaged in investing. Its principal business and its principal
office are located at 3600 Chateau Boulevard, Kenner, Louisiana 70065.
William E. Lobeck, Jr., a United States citizen, is the President -
Car Rental Division of Republic Industries, Inc., whose address is 110 S.E.
6th Street, Fort Lauderdale, Florida 33301. Mr. Lobeck's business address is
110 S.E. 6th Street, Fort Lauderdale, Florida 33301. Mr. Lobeck is also the
beneficiary of the Lobeck IRA.
Archer McWhorter, a United States citizen, is principally engaged
in investing. Mr. McWhorter's business address is 1600 Smith Street, Suite
4275, Houston, Texas 77002. Mr. McWhorter is the Trustee of the McWhorter
Family Trust (general partner of Sleepy Lagoon Ltd.).
Sleepy Lagoon Ltd. is a Texas limited partnership which is
principally engaged in investing. Its principal business and its principal
office is located at 1600 Smith Street, Suite 4275, Houston, Texas.
Alvin E. Swanner, a United States citizen, is the President of
Swanner & Associates, Inc., President of Chateau, Inc., President of Chateau
Development Company, Inc., and President of 135 St. Charles, Inc., all of
whose address is 3600 Chateau Boulevard, Kenner, Louisiana 70065. Mr.
Swanner's business address is 3600 Chateau Boulevard, Kenner, Louisiana
70065. Mr. Swanner is also the Trustee of the Swanner Family Trust (which is
the general partner of Brion Properties).
Kathryn L. Taylor, a United States citizen, is principally engaged
in investing. Ms. Taylor's business address is 1132 South Lewis, Tulsa,
Oklahoma 74104.
None of the Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
- 12 -
<PAGE>
None of the Reporting Persons was, during the last five years, 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.
Item 3. Source and Amount of Funds or Other Consideration.
Through open market purchases for the period from February 2, 1998,
through December 4, 1998, the following persons have purchased the following
numbers of shares of Common Stock for the following aggregate purchase prices:
<TABLE>
<S> <C> <C>
Brion Properties 1,350,769 $20,031,212.20
Frame Trust 11,075 $ 152,109.49
William E. Lobeck, Jr. 674,148 $ 9,921,880.11
Lobeck IRA 104,333 $ 1,454,564.12
Sleepy Lagoon Ltd. 1,579,869 $23,064,627.43
Alvin E. Swanner 522,700 $ 7,137,453.41
Kathryn L. Taylor 810,506 $11,939,984.87
</TABLE>
All of such purchases have been made with personal funds of the Reporting
Persons who are natural persons and with working capital of the Reporting
Persons which are not natural persons.
Item 4. Purpose of Transaction
The Reporting Persons have acquired the shares of Common Stock
reported herein because the Reporting Persons do not believe that trading
prices of the Common Stock accurately reflect the value of the assets and/or
the business of the Issuer. The Reporting Persons also believe that $16.50
price per share of Common Stock payable in the Issuer's recently announced
merger with Fairfax Holdings, Ltd. does not accurately reflect the value of
the assets and/or the business of the Issuer.
The Reporting Persons purchased their equity position for investment
purposes only. The Reporting Persons intend to closely monitor developments at
and pertaining to the Issuer. The Reporting Persons may acquire additional
shares of Common Stock in the open market, in privately negotiated transactions
or otherwise, maintain their current investment in the Issuer or dispose of
shares of Common Stock in the open market, in privately negotiated transactions
or otherwise.
Except as set forth above, the Reporting Persons have no present
plans or intentions which would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of Issuer
(a) As of November 30, 1998, the Reporting Persons are the
beneficial owners of 5,053,400 shares of Common Stock, representing
approximately 9.9% of the outstanding shares of Common Stock (based on the
number of shares reported to be outstanding in the most recent Form 10-Q
filed by the Issuer).
- 13 -
<PAGE>
(b) Each of the Reporting Persons has shared power to vote and to
dispose of the shares attributed to such Reporting Person.
(c) The following table sets forth all transactions with respect
to shares of Common Stock effected during the past 60 days by each of the
Reporting Persons:
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
Name Date Shares Price
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
Brion Properties 12-04-98 316,635 4,971,581.13
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 12-04-98 158,365 2,486,536.37
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 12-04-98 316,635 4,971,581.13
- -------------------------------------------------------------------------------
Kathryn L. Taylor 12-04-98 158,365 2,486,536.37
- -------------------------------------------------------------------------------
Brion Properties 12-03-98 30,834 476,032.98
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 12-03-98 15,416 238,003.98
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 12-03-98 30,834 476,032.98
- -------------------------------------------------------------------------------
Kathryn L. Taylor 12-03-98 15,416 238,003.72
- -------------------------------------------------------------------------------
Brion Properties 12-02-98 441,233 6,813,701.83
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 12-02-98 220,617 3,406,861.31
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 12-02-98 441,233 6,813,701.83
- -------------------------------------------------------------------------------
Kathryn L. Taylor 12-02-98 220,617 3,406,861.31
- -------------------------------------------------------------------------------
Brion Properties 12-01-98 35,000 514,221.85
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 12-01-98 17,500 257,113.60
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 12-01-98 35,000 514,221.85
- -------------------------------------------------------------------------------
Alvin E. Swanner 12-01-98 35,000 514,221.85
- -------------------------------------------------------------------------------
Kathryn L. Taylor 12-01-98 17,500 257,113.60
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-30-98 23,400 327,557.73
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-30-98 23,400 327,557.73
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-30-98 11,700 163,781.54
- -------------------------------------------------------------------------------
- 14 -
<PAGE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
Name Date Shares Price
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
William E. Lobeck, Jr. 11-30-98 11,700 163,781.54
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-25-98 25,967 370,484.17
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-25-98 25,967 370,484.17
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-25-98 12,983 185,234.95
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-25-98 12,983 185,234.95
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-23-98 14,667 208,051.40
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-23-98 20,067 287,164.12
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-23-98 3,333 47,486.92
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-23-98 1,500 21,090.00
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-23-98 13,500 194,875.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-23-98 15,600 227,136.00
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-23-98 19,166 277,859.09
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-23-98 14,667 208,051.40
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-23-98 20,067 287,164.12
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-23-98 3,333 47,486.92
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-23-98 1,500 21,090.00
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-23-98 13,500 194,875.50
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-23-98 15,600 227,136.00
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-23-98 19,166 277,859.09
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-23-98 7,333 104,018.61
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-23-98 10,033 143,577.58
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-23-98 1,667 23,750.58
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-23-98 750 10,545.00
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-23-98 6,750 97,436.25
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-23-98 7,800 113,568.00
- -------------------------------------------------------------------------------
- 15 -
<PAGE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
Name Date Shares Price
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-23-98 9,584 138,944.04
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-23-98 7,333 104,018.61
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-23-98 10,033 143,577.58
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-23-98 1,667 23,750.58
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-23-98 750 10,545.00
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-23-98 6,750 97,436.25
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-23-98 7,800 113,568.00
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-23-98 9,584 138,944.04
- -------------------------------------------------------------------------------
Brion Properties 11-19-98 49,200 654,857.35
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-19-98 24,600 327,431.35
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-19-98 49,200 654,857.35
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-19-98 24,600 327,431.35
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-18-98 132,000 1,738,352.95
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-18-98 13,950 181,315.13
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-18-98 324,150 4,268,833.95
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-18-98 6,975 90,657.56
- -------------------------------------------------------------------------------
William E. Lobeck, Jr. 11-18-98 162,075 2,134,419.65
- -------------------------------------------------------------------------------
Frame Trust 11-18-98 6,975 90,657.56
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-18-98 162,075 2,134,419.65
- -------------------------------------------------------------------------------
Brion Properties 11-17-98 186,667 2,398,428.28
- -------------------------------------------------------------------------------
Frame Trust 11-17-98 2,400 30,842.23
- -------------------------------------------------------------------------------
Lobeck IRA 11-17-98 93,333 1,199,213.07
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-17-98 186,667 2,398,428.28
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-17-98 93,333 1,199,213.07
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 25,000 324,687.50
- -------------------------------------------------------------------------------
- 16 -
<PAGE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
Name Date Shares Price
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
Brion Properties 11-16-98 25,000 324,687.50
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 25,000 324,687.50
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 15,000 194,962.50
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 15,000 194,962.50
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 15,000 194,962.50
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 12,950 169,127.00
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 10,000 133,100.00
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 25,000 324,637.50
- -------------------------------------------------------------------------------
Brion Properties 11-16-98 2,050 26,644.88
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 25,000 324,687.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 25,000 324,687.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 25,000 324,687.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 15,000 194,962.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 15,000 194,962.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 15,000 194,962.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 12,950 169,127.00
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 10,000 133,100.00
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 25,000 324,937.50
- -------------------------------------------------------------------------------
Alvin E. Swanner 11-16-98 2,050 26,644.88
- -------------------------------------------------------------------------------
Kathryn L. Taylor 11-16-98 20,000 261,205.35
- -------------------------------------------------------------------------------
Brion Properties 11-13-98 55,000 724,350.00
- -------------------------------------------------------------------------------
Sleepy Lagoon Ltd. 11-09-98 30,000 431,100.00
- -------------------------------------------------------------------------------
Alvin E. Swanner 10-16-98 40,000 502,352.00
- -------------------------------------------------------------------------------
Brion Properties 10-16-98 80,000 1,004,704.00
- -------------------------------------------------------------------------------
Frame Trust 09-16-98 1,100 14,998.35
- -------------------------------------------------------------------------------
- 17 -
<PAGE>
<CAPTION>
- -------------------------------------------------------------------------------
Number of
Name Date Shares Price
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
Kathryn L. Taylor 09-16-98 10,000 136,305.35
- -------------------------------------------------------------------------------
</TABLE>
All of such transactions were open market purchases on the New York Stock
Exchange.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings and Relationships with Respect
to Securities of the Issuer.
By executing this Schedule 13D, each Reporting Person agrees to
this joint filing in accordance with Rule 13d-2(f) under the Securities
Exchange Act of 1934, as amended, on behalf of each of them of this Schedule
13D.
Except for the agreement to file jointly and the mutual intentions
discussed in Item 4, there are no contracts, arrangements, understandings or
relationships relating to the securities of the Issuer.
Item 7. Material to Be Filed as Exhibits.
Not applicable.
- 18 -
<PAGE>
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.
Dated: December 9, 1998.
Brion Properties
By: Swanner Family Trust, General Partner
/s/Alvin E. Swanner
----------------------------------------
Alvin E. Swanner, Trustee
Elizabeth Catherine Frame Trust
By: /s/ Kathryn L. Taylor
----------------------------------------
Kathryn L. Taylor, Trustee
/s/ William E. Lobeck, Jr.
----------------------------------------
William E. Lobeck, Jr.
/s/ William E. Lobeck, Jr.
----------------------------------------
William E. Lobeck, Jr., Beneficiary of
the William E. Lobeck, Jr. Individual
Retirement Account
MLPF&S Custodian FBO William E. Lobeck, Jr.
Individual Retirement Account
By: /s/ David A. Stutsman
----------------------------------------
David A. Stutsman, District Service
Manager
McWhorter Family Trust
By: /s/ Archer McWhorter
----------------------------------------
Archer McWhorter, Trustee
- 19 -
<PAGE>
/s/ Archer McWhorter
----------------------------------------
Archer McWhorter
Sleepy Lagoon Ltd.
By: McWhorter Family Trust
By: /s/ Archer McWhorter
----------------------------------------
Archer McWhorter, Trustee
/s/ Alvin E. Swanner
----------------------------------------
Alvin E. Swanner
/s/ Kathryn L. Taylor
----------------------------------------
Kathryn L. Taylor
- 20 -
