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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Onyx Acceptance Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
682914106
(CUSIP Number)
Check the following box if a fee is being paid with the statement /X/. (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).
SEC 1745 (2-95) Page 1 of 5 pages
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CUSIP No. 682914106 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Keefe Managers, Inc.
13-361-0107
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
3 SEC USE ONLY
4 CITIZENSHIP OF PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
608,100*
6 SHARED VOTING POWER
- 0 -
7 SOLE DISPOSITIVE POWER
608,100*
8 SHARED DISPOSITIVE POWER
- 0 -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
608,100*
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.4%*
12 TYPE OF REPORTING PERSON*
IA, CO
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 pages
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Page 3 of 5
Item 1. (a) Name of Issuer:
Onyx Acceptance Corporation
(b) Address of Issuer's Principal Executive Offices:
8001 Irvine Center Drive
Fifth Floor
Irvine, CA 92718
Item 2. (a) Name of Person Filing:
KEEFE MANAGERS, INC.
(b) Address of Principal Business Office:
375 Park Avenue (31st Floor)
New York, NY 10152
(c) Citizenship:
Delaware corporation
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
682914106
Item 3. If this statement is being filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is an:
(e) ( X ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
Item 4. Ownership:
(a) Amount Beneficially Owned: 608,100*
(b) Percent of Class: 10.4%*
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Page 4 of 5
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote - 608,100*
(ii) shared power to vote or direct the vote - 0
(iii) sole power to dispose or direct the disposition of -
608,100*
(iv) shared power to dispose or direct the disposition of - 0
* Amounts do not include the 51,800 shares (.9% of the
outstanding) as to which Rainbow Managers, LLC, ("RM"), a
Registered Investment Advisor and an affiliate of Keefe Managers,
Inc., ("KMI"), has sole power to vote or direct the vote or to
dispose or direct the disposition. KMI does not beneficially own
such shares. Such shares were purchased by RM on behalf of its
discretionary client in the ordinary course of business and not
for the purpose of or with the effect of changing or influencing
the control of the issuer, or in connection with or as a
participant in any transaction having such purpose or effect.
Item 5. Ownership of Five Percent or Less of a Class:
NOT APPLICABLE
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
KMI has purchased all of the shares reported in this statement on
behalf of its discretionary clients. Such clients have the right
to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of such securities, subject to
KMI's general authority to invest and reinvest the assets in each
account under its management.
The foregoing interest of Keefe Partners L.P., one of KMI's
clients, relates to over 5% of the outstanding shares of common
stock of the issuer.
Item 7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on by the Parent Holding Company
NOT APPLICABLE
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Page 5 of 5
Item 8. Identification and Classification of Members of the Group
NOT APPLICABLE
Item 9. Notice of Dissolution of Group
NOT APPLICABLE
Item 10. Certification
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 purpose 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.
KEEFE MANAGERS, INC.
BY: /s/ Harry V. Keefe, Jr.
-------------------------
Harry V. Keefe, Jr.
Chairman
Dated: August 1, 1996
