SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
THE MORGAN GROUP, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
617358106
--------------------------------------------------
(CUSIP Number)
John L. Keeley, Jr., Keeley Investment Corp.
401 South LaSalle Street, Suite 1201, Chicago, Illinois 60605
(312) 786-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 26, 1999
--------------------------------------------------
(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 this statement [ ]. (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.)
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).
(Continued on following page(s))
Page 1 of 13 Pages
<PAGE>
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CUSIP No. 617358106 Page 2 of 13 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John L. Keeley Jr.; Social Security No.: ###-##-####
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
================================================================================
3 SEC USE ONLY
================================================================================
4 SOURCE OF FUNDS*
PF (margin account with National Financial Services, Inc.)
================================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
================================================================================
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================================================================================
7 SOLE VOTING POWER
NUMBER OF 23,250
=============================================================
SHARES 8 SHARED VOTING POWER
-0-
BENEFICIALLY
OWNED BY =============================================================
9 SOLE DISPOSITIVE POWER
EACH 23,250
REPORTING
=============================================================
PERSON 10 SHARED DISPOSITIVE POWER
-0-
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,250
================================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
N/A
================================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.86%
================================================================================
14 TYPE OF REPORTING PERSON*
IN
================================================================================
<PAGE>
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CUSIP No. 617358106 Page 3 of 13 Pages
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===============================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barbara G. Keeley; Social Security No.: ###-##-####
================================================================================
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
================================================================================
3 SEC USE ONLY
================================================================================
4 SOURCE OF FUNDS*
PF (margin account with National Financial Services, Inc.)
================================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
================================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
================================================================================
7 SOLE VOTING POWER
NUMBER OF -0-
=============================================================
SHARES 8 SHARED VOTING POWER
-0-
BENEFICIALLY
=============================================================
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH
=============================================================
REPORTING 10 SHARED DISPOSITIVE POWER
-0-
PERSON
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
================================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
N/A
================================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
-0-
================================================================================
14 TYPE OF REPORTING PERSON*
IN
================================================================================
<PAGE>
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CUSIP No. 617358106 Page 4 of 13 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Keeley Asset Management Corp.; Tax I.D. No.: 36-3160361
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
================================================================================
3 SEC USE ONLY
================================================================================
4 SOURCE OF FUNDS*
OO (funds of investment advisory clients)
================================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
================================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
================================================================================
7 SOLE VOTING POWER
NUMBER OF 49,600
=============================================================
SHARES 8
SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY =============================================================
9
EACH SOLE DISPOSITIVE POWER
49,600
REPORTING
=============================================================
PERSON 10
SHARED DISPOSITIVE POWER
WITH -0-
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
49,600
================================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
N/A
================================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.97%
================================================================================
14 TYPE OF REPORTING PERSON*
IA
================================================================================
<PAGE>
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CUSIP No. 617358106 Page 5 of 13 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Keeley Investment Corp.; Tax I.D. No.: 35-2891284
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
================================================================================
3 SEC USE ONLY
================================================================================
4 SOURCE OF FUNDS*
PF (margin account with National Financial Services, Inc.)
================================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
================================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
================================================================================
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES =============================================================
8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY =============================================================
9 SOLE DISPOSITIVE POWER
EACH -0-
REPORTING =============================================================
10 SHARED DISPOSITIVE POWER
PERSON -0-
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
================================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
N/A
================================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
================================================================================
14 TYPE OF REPORTING PERSON*
BD
================================================================================
<PAGE>
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CUSIP No. 617358106 Page 6 of 13 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kamco Performance Limited Partnership; Tax I.D. No.: 36-3645043
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
================================================================================
3 SEC USE ONLY
================================================================================
4 SOURCE OF FUNDS*
OO (funds of Kamco Performance Limited Partnership)
================================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
================================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
================================================================================
7 SOLE VOTING POWER
NUMBER OF 9,500
SHARES =============================================================
8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY =============================================================
9 SOLE DISPOSITIVE POWER
EACH 9,500
REPORTING =============================================================
10 SHARED DISPOSITIVE POWER
PERSON -0-
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,500
================================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
N/A
================================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.76%
================================================================================
14 TYPE OF REPORTING PERSON*
PN
================================================================================
<PAGE>
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CUSIP No. 617358106 Page 7 of 13 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kamco Limited Partnership No. 1; Tax I.D. No.: 36-3528572
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
================================================================================
3 SEC USE ONLY
================================================================================
4 SOURCE OF FUNDS*
OO (funds of Kamco Limited Partnership No. 1)
================================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
================================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
================================================================================
7 SOLE VOTING POWER
NUMBER OF 11,000
SHARES =============================================================
8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY =============================================================
9 SOLE DISPOSITIVE POWER
EACH 11,000
REPORTING =============================================================
10 SHARED DISPOSITIVE POWER
PERSON -0-
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,000
================================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
N/A
================================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.88%
================================================================================
14 TYPE OF REPORTING PERSON*
PN
================================================================================
<PAGE>
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CUSIP No. 617358106 Page 8 of 13 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John L. Keeley, Jr. Foundation; Tax I.D. No.: 36-3865180
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
================================================================================
3 SEC USE ONLY
================================================================================
4 SOURCE OF FUNDS*
OO (funds of John L. Keeley, Jr. Foundation)
================================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
================================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
================================================================================
7 SOLE VOTING POWER
NUMBER OF 2,200
=============================================================
SHARES 8 SHARED VOTING POWER
-0-
BENEFICIALLY
=============================================================
OWNED BY 9 SOLE DISPOSITIVE POWER
2,200
EACH
=============================================================
REPORTING 10 SHARED DISPOSITIVE POWER
-0-
PERSON
WITH
================================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,200
================================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
N/A
================================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.18%
================================================================================
14 TYPE OF REPORTING PERSON*
EP
================================================================================
<PAGE>
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CUSIP No. 617358106 Page 9 of 13 Pages
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This Amendment No. 9 to the undersigned's Schedule 13D, which was
originally filed on October 25, 1993 (the "Schedule 13D") with regard to The
Morgan Group, Inc. (the "Issuer") is being filed to amend Items 3, 5 and 7 of
the Schedule 13D. Except as expressly stated herein, there have been no material
changes in the information set forth in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration:
The Securities reported by John L. Keeley, Jr. ("Mr. Keeley") are
held in margin accounts with National Financial Services, Inc. Mr.
Keeley used personal funds and margin borrowings to purchase the
Securities reported by them. The source of funds for the purchases
reported by Keeley Asset Management Corp. ("KAMC") was client
funds that are managed by KAMC pursuant to discretionary
investment management agreements in place with each client. The
source of funds for the purchases by Kamco Performance Limited
Partnership ("KPLP") and Kamco Limited Partnership No. 1 ("KLP")
was the assets of such Partnerships. The source of funds for the
purchases reported by John L. Keeley, Jr. Foundation ("JLKF") was
the assets of such foundation. Barbara G. Keeley ("Mrs. Keeley")
and Keeley Investment Corp. ("KIC") no longer beneficially own any
shares of the Issuer.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended to report the
following information:
(a) The aggregate number and percentage of Securities to which this
Schedule 13D relates is 95,550 shares, representing 7.65% of the
1,249,335 shares outstanding. The Securities are beneficially
owned as follows:
Shares of % of Class of
Name Common Stock Common Stock
---- ------------ ------------
John L. Keeley, Jr.................. 23,250 1.86%
Barbara G. Keeley................... 0 0.00%
Keeley Asset Management Corp.
as principal................... -- --
as agent....................... 49,600 3.97%
Keeley Investment Corp.
as principal................... 0 0.00%
as agent....................... -- --
Kamco Performance Limited
Partnership....................... 9,500 0.76%
Kamco Limited Partnership No. 1..... 11,000 0.88%
John L. Keeley, Jr. Foundation...... 2,200 0.18%
------ -----
95,550 7.65%
====== =====
Mr. Keeley is deemed to have beneficial ownership of the
Securities beneficially owned by each of the foregoing persons.
The 23,250 shares reported as beneficially owned by Mr. Keeley
include 3,500 shares held by the Keeley Investment Corp. Profit
Sharing Plan & Trust, for which Mr. Keeley is Trustee, 3,800 are
shares held by the Keeley Investment Corp. Pension Plan & Trust
for which Mr. Keeley is trustee and 750 shares are held by JGJ
Partnership.
<PAGE>
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CUSIP No. 617358106 Page 10 of 13 Pages
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(b) A. Number of such shares held by Mr. Keeley for which there is
sole power to vote or direct the vote: 23,250; shared power
to vote or direct the vote: 0; sole power to dispose or
direct the disposition: 23,250; shared power to dispose or
direct the disposition: 0.
B. Number of such shares held by Mrs. Keeley for which there is
sole power to vote or direct the vote: 0; shared power to
vote or direct the vote: 0; sole power to dispose or direct
the disposition: 0; shared power to dispose or direct the
disposition: 0.
C. Number of such shares held by KAMC for which there is sole
power to vote or direct the vote: 49,600; shared power to
vote or direct the vote: 0; sole power to dispose or direct
the disposition: 49,600; shared power to dispose or direct
the disposition: 0.
D. Number of such shares held by KIC which there is sole power
to vote or direct the vote: 0; shared power to vote or
direct the vote: 0; sole power to dispose or direct the
disposition: 0; shared power to dispose or direct the
disposition: 0.
E. Number of such shares held by KPLP for which there is sole
power to vote or direct the vote: 9,500; shared power to
vote or direct the vote: 0; sole power to dispose or direct
the disposition: 9,500; shared power to dispose or direct
the disposition: 0.
F. Number of such shares held by KLP for which there is sole
power to vote or direct the vote: 11,000; shared power to
vote or direct the vote: 0; sole power to dispose or direct
the disposition: 11,000; shared power to dispose or direct
the disposition: 0.
G. Number of such shares held by JLKF for which there is sole
power to vote or direct the vote: 2,200; shared power to
vote or direct the vote: 0; sole power to dispose or direct
the disposition: 2,200; shared power to dispose or direct
the disposition: 0.
(c) A detailed description of Securities transactions by Mr. Keeley,
Mrs. Keeley, KAMC, KIC, KPLP, KLP and JLKF in the sixty days
preceding March 26, 1999, including prices, is set forth in
Exhibit 1.
(d) Inapplicable.
(e) Inapplicable.
Item 7. Material to Be Filed as Exhibits.
Exhibit 1 - Transactions Effected in the Last Sixty Days
Exhibit 2 - Keeley Asset Management Corp., Keeley Investment
Corp. and John L. Keeley, Jr. Foundation Executive
Officers and Directors
<PAGE>
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CUSIP No. 617358106 Page 11 of 13 Pages
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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.
Dated: April 1, 1999
/s/ John L. Keeley, Jr. KAMCO PERFORMANCE LIMITED
John L. Keeley, Jr. PARTNERSHIP
/s/ Barbara G. Keeley By: /s/ John L. Keeley, Jr.
Barbara G. Keeley John L. Keeley, Jr., General Partner
KEELEY ASSET MANAGEMENT CORP.
KAMCO LIMITED PARTNERSHIP NO. 1
By: /s/ John L. Keeley, Jr.
John L. Keeley, Jr., President By:/s/ John L. Keeley, Jr.
John L. Keeley, Jr., General Partner
KEELEY INVESTMENT CORP.
JOHN L. KEELEY, JR. FOUNDATION
By: /s/ John L. Keeley, Jr.
John L. Keeley, Jr., President
By:/s/ John L. Keeley, Jr.
John L. Keeley, Jr., President
and Treasurer
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CUSIP No. 617358106 Page 12 of 13 Pages
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EXHIBIT 1
The following purchases were made in over-the-counter transactions on the
Nasdaq National Market by John L. Keeley, Jr., Barbara G. Keeley, Keeley Asset
Management Corp., Keeley Investment Corp., Kamco Performance Limited
Partnership, Kamco Limited Partnership No. 1, and John L. Keeley, Jr. Foundation
in the sixty days prior to March 26, 1996.
Purchased Number
Reporting Person or Sold of Shares Price Date
John L. Keeley, Jr.................. Sold 2,000 $8.71 2/25/99
Sold 3,500 8.71 2/25/99
Sold 1,000 8.75 3/1/99
Sold 1,000 8.75 3/2/99
Sold 750 9.00 3/26/99
Keeley Asset Management Corp. for
Clients............................. Sold 43,200 9.00 3/26/99
Sold 400 9.1875 3/8/99
Sold 1,000 8.9375 3/10/99
Sold 1,000 9.0625 3/9/99
Sold 2,000 8.687 2/24/99
Kamco Performance Limited
Partnership......................... Sold 9,500 9.00 3/26/99
Kamco Limited Partnership No. 1..... Sold 11,000 9.00 3/26/99
John L. Keeley, Jr. Foundation...... -- -- -- --
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CUSIP No. 617358106 Page 13 of 13 Pages
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EXHIBIT 2
Keeley Asset Management Corp.
and
Keeley Investment Corp.
Executive Officers and Directors
--------------------------------
John L. Keeley, Jr...... President, Treasurer and Director
Mark Zahorik............ Vice President
Barbara G. Keeley....... Vice President, Assistant Secretary
and Director
Mary Ferrari............ Secretary
Emily Viehweg........... Assistant Treasurer
John L. Keeley, Jr. Foundation
Executive Officers and Directors
---------------------------------
John L. Keeley, Jr...... President, Treasurer and Director
Kevin M. Keeley......... Director
Barbara G. Keeley....... Secretary and Director
Mark T. Keeley.......... Director
John L. Keeley III...... Director
