[1]
<PAGE>
OMB APPROVAL
OMB Number:3235-0145
Expires: December 31, 1997
Estimated average burden
hours per form 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. *)
*
Realty Information Group Inc.
*
- ----------------------------------------------------------------
Common Stock
*
75612B107
*
Elizabeth D. Giorgis
Gruber and McBaine Capital Management
50 Osgood Place, Penthouse
San Francisco, CA 94133
(415) 981-2101
- ----------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
*
March 24, 1999
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
/ /. (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)
[2]<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 2 of 16 Pages
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
GRUBER & McBAINE CAPITAL MANAGEMENT, L.L.C.
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X /
(b) / /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E)/ /
- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 411,600
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
- --------------------------------------------------
SHARED DISPOSITIVE POWER
411,600
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
411,600
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
/ /
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.21
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ----------------------------------------------------------------
*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.
[3]<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 3 of 16 Pages
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
JON D. GRUBER
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X /
(b) / /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, PF
- ----------------------------------------------------------------
5 CHECK BOX 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
SHARES 60,400
BENEFICIALLY --------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 411,600
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 60,400
- --------------------------------------------------
SHARED DISPOSITIVE POWER
411,600
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,000
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
/ /
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.82
- ----------------------------------------------------------------
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.
[4]<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 4 of 16 Pages
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
J. PATTERSON McBAINE
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X /
(b) / /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, PF
- ----------------------------------------------------------------
5 CHECK BOX 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
SHARES 22,700
BENEFICIALLY --------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 411,600
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 22,700
- --------------------------------------------------
SHARED DISPOSITIVE POWER
411,600
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
434,300
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
/ /
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.44
- ----------------------------------------------------------------
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.
[5]<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 5 of 16 Pages
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
LAGUNITAS PARTNERS, A California Limited Partnership
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X /
(b) / /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E)/ /
- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 191,200
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
- --------------------------------------------------
SHARED DISPOSITIVE POWER
191,200
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,200
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
/ /
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.95
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------------------------------------------------------------
*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.
[6]<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 6 of 16 Pages
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
GMJ INVESTMENTS, A California Limited Partnership
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X /
(b) / /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E)/ /
- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 2,500
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
- --------------------------------------------------
SHARED DISPOSITIVE POWER
2,500
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
/ /
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.03
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------------------------------------------------------------
*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.
[7]<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 7 of 16 Pages
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
THOMAS O. LLOYD-BUTLER
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------------------------------------------------------------
5 CHECK BOX 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
SHARES 500
BENEFICIALLY --------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 411,600
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 500
- --------------------------------------------------
SHARED DISPOSITIVE POWER
411,600
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
412,100
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
/ /
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.21
- ----------------------------------------------------------------
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>
SCHEDULE 13D
CUSIP No. 75612B107 Page 8 of 16 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of
Realty Information Group Inc. ("RIGX"). The principal executive
office of RIGX is located at 7475 Wisconsin Avenue, Bethesda, MD
20814.
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) Gruber and McBaine Capital Management, L.L.C. (LLC); Jon D.
Gruber (Gruber); J. Patterson McBaine (McBaine); Thomas O. Lloyd-
Butler (TLB); Lagunitas Partners, L.P., a California limited
partnership (Lag); GMJ Investments, L.P., a California limited
partnership (GMJ).
(b) The business address of LLC, Gruber, McBaine, TLB, Lag and
GMJ is 50 Osgood Place, Penthouse, San Francisco, CA 94133.
(c) LLC is an investment adviser. Gruber and McBaine are the
Managers of LLC and TLB is a member of LLC. Lag and GMJ are
investment limited partnerships. LLC is the general partner of
Lag and GMJ.
(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) All such persons are citizens of the United States of
America.
<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 9 of 16 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
LLC Capital Under Management $2,383,604
Gruber Personal Funds $712,576
McBaine Personal Funds $345,100
TLB Personal Funds $4,650
Lag Working Capital $2,287,473
GMJ Working Capital $25,153
ITEM 4. PURPOSE OF TRANSACTION.
The sole purpose of the purchase of the Stock reported herein was
and is 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
Lag 191,200 1.95 0 191,200 0 191,200
LLC 411,600 4.21 0 411,600 0 411,600
GMJ 2,500 0.03 0 2,500 0 2,500
Gruber472,000 4.82 60,400 411,600 60,400 411,600
McBaine434,300 4.44 22,700 411,600 22,700 411,600
TLB 412,100 4.21 500 411,600 500 411,600
The persons filing this statement effected the following
transactions in the Stock on the dates indicated, and such
transactions are the only transactions in the Stock by the
persons filing this statement since July 1, 1998:
<PAGE>
SCHEDULE 13D CUSIP No. 75612B107 Page 10 of 16 Pages
Purchase Number Price Broker
Name or Sale Date of Shares Per Share Used
Lag P 7/1/98 3500 9.17 ALLN
Gruber P 7/1/98 5500 9.17 ALLN
LLC P 7/1/98 36000 9.17 ALLN
Lag P 7/1/98 6000 9.22 NEED
Gruber P 7/1/98 1000 9.22 NEED
LLC P 7/1/98 15000 9.22 NEED
Lag P 7/1/98 17500 9.00 NEED
LLC P 7/1/98 12500 9.00 NEED
Gruber P 7/1/98 2000 9.30 INCA
LLC P 7/1/98 1000 9.30 INCA
LLC P 7/1/98 1500 9.30 MONT
TLB P 7/1/98 500 9.30 MONT
Lag P 7/20/98 5500 10.25 NEED
LLC P 7/20/98 4500 10.25 NEED
LLC P 7/20/98 2500 10.19 INCA
GMJ P 7/20/98 1500 10.19 INCA
Lag P 7/21/98 4000 10.19 NEED
McBaine P 7/21/98 1000 10.19 NEED
LLC P 7/21/98 5000 10.19 SLKC
LLC P 7/21/98 300 10.30 MONT
Lag P 7/22/98 4000 10.25 AGED
McBaine P 7/22/98 500 10.25 AGED
LLC P 7/22/98 1500 10.25 AGED
Gruber P 7/22/98 1000 10.19 SLKC
LLC P 7/22/98 4000 10.19 SLKC
Lag P 7/29/98 3000 9.62 INCA
LLC P 7/29/98 2000 9.62 INCA
LLC P 7/29/98 3000 9.88 HRZG
GMJ P 7/29/98 1000 9.88 HRZG
Gruber P 7/29/98 1000 9.88 HRZG
Lag P 7/30/98 6000 10.38 NEED
Gruber P 7/30/98 1000 10.38 NEED
LLC P 7/30/98 2500 10.38 NEED
McBaine P 7/30/98 500 10.38 NEED
Lag P 8/5/98 3000 9.88 SLKC
Gruber P 8/5/98 2000 9.88 SLKC
Lag P 8/6/98 5000 9.59 SLKC
Gruber P 8/6/98 2500 9.59 SLKC
LLC P 8/6/98 2500 9.59 SLKC
Lag P 8/12/98 3500 9.13 HRZG
Gruber P 8/12/98 1000 9.13 HRZG
McBaine P 8/12/98 500 9.13 HRZG
Lag P 8/17/98 2000 8.81 INCA
Gruber P 8/17/98 1000 8.81 INCA
LLC P 8/17/98 1500 8.81 INCA
Lag P 8/18/98 3500 8.81 SLKC
Gruber P 8/18/98 1000 8.81 SLKC
McBaine P 8/18/98 500 8.81 SLKC
Lag P 8/20/98 1500 8.44 INCA
Lag P 8/25/98 2500 8.38 HRZG
Lag P 8/26/98 3500 7.98 INCA
<PAGE>
SCHEDULE 13D CUSIP No. 75612B107 Page 11 of 16 Pages
Gruber P 8/26/98 1000 7.98 INCA
Lag P 8/27/98 3500 7.19 NEED
Gruber P 8/27/98 1000 7.19 NEED
LLC P 8/27/98 2500 7.19 NEED
LLC P 8/27/98 300 7.30 MONT
Lag P 9/1/98 5000 6.63 HRZG
LLC P 9/1/98 4000 6.63 HRZG
Gruber P 9/1/98 1000 6.63 HRZG
Lag P 9/9/98 2000 6.31 ALLN
LLC P 9/9/98 5000 6.31 ALLN
Gruber P 9/9/98 3000 6.31 ALLN
Lag P 9/11/98 2000 5.69 NEED
Gruber P 9/11/98 1000 5.69 NEED
LLC P 9/11/98 2000 5.69 NEED
LLC P 9/18/98 400 6.80 MONT
LLC P 9/23/98 500 7.56 INCA
Gruber P 9/23/98 1000 7.56 INCA
Lag P 9/23/98 3500 8.09 SLKC
LLC P 9/23/98 1500 8.09 SLKC
LLC P 9/23/98 7000 7.63 NEED
Gruber P 9/23/98 1500 7.63 NEED
Lag P 9/24/98 3000 8.13 SLKC
LLC P 9/24/98 1500 8.13 SLKC
Gruber P 9/24/98 500 8.13 SLKC
Lag P 9/29/98 2500 8.00 SLKC
Lag P 10/2/98 2500 7.63 SLKC
Lag P 10/6/98 3000 7.50 INCA
Lag P 10/7/98 1000 6.94 INCA
Lag P 10/16/98 2000 6.88 SLKC
LLC P 10/16/98 2600 6.88 SLKC
Lag P 10/23/98 9000 7.00 NEED
McBaine P 10/23/98 1500 7.00 NEED
LLC P 10/23/98 6900 7.00 NEED
LLC P 10/23/98 1000 7.63 SLKC
Gruber P 10/23/98 4000 7.63 SLKC
LLC P 10/26/98 5000 8.06 SLKC
LLC P 10/27/98 2000 8.19 INCA
Lag P 10/28/98 1500 8.06 NEED
LLC P 10/28/98 1500 8.06 NEED
McBaine P 10/28/98 500 8.06 NEED
LLC P 10/29/98 2500 8.13 ALLN
Gruber P 10/29/98 1000 8.13 ALLN
LLC P 11/9/98 2500 9.06 AGED
Gruber P 11/10/98 500 9.13 SLKC
LLC P 11/12/98 1800 9.00 AGED
McBaine P 11/12/98 200 9.00 AGED
LLC P 11/13/98 6500 9.03 ALLN
Gruber P 11/13/98 2500 9.03 ALLN
McBaine P 11/13/98 1000 9.03 ALLN
LLC P 11/17/98 4000 8.53 AGED
Gruber P 11/17/98 2500 8.53 AGED
McBaine P 11/17/98 500 8.53 AGED
Lag P 11/18/98 2000 8.34 HRZG
McBaine P 11/18/98 1000 8.34 HRZG
LLC P 11/18/98 2000 8.34 HRZG
<PAGE>
SCHEDULE 13D CUSIP No. 75612B107 Page 12 of 16 Pages
Lag P 11/19/98 1500 8.31 HRZG
Gruber P 11/19/98 1000 8.31 HRZG
Gruber P 11/25/98 1500 8.69 HRZG
LLC P 11/25/98 2000 8.69 HRZG
McBaine P 11/25/98 2000 8.69 HRZG
Lag P 12/3/98 4500 8.31 HRZG
LLC P 12/3/98 7000 8.31 HRZG
McBaine P 12/3/98 1000 8.31 HRZG
LLC P 12/4/98 1500 9.13 SLKC
LLC P 12/10/98 5000 8.81 NEED
Gruber P 12/10/98 1000 8.81 NEED
Lag P 12/11/98 2500 8.81 SLKC
LLC P 12/11/98 2000 8.81 SLKC
McBaine P 12/11/98 500 8.81 SLKC
Lag P 12/15/98 5000 8.90 NEED
Gruber P 12/15/98 1000 8.90 NEED
LLC P 12/15/98 1500 8.90 NEED
Lag P 12/16/98 2000 9.19 INCA
LLC P 12/16/98 1100 9.19 INCA
McBaine P 12/16/98 400 9.19 INCA
Gruber P 12/16/98 1000 9.19 INCA
LLC P 12/16/98 3000 10.54 BEST
Lag P 12/28/98 4500 12.46 INCA
McBaine P 12/28/98 500 12.46 INCA
LLC P 12/28/98 1000 12.75 HRZG
Gruber P 12/28/98 500 12.75 HRZG
Lag P 12/29/98 3500 12.00 INCA
Lag P 1/5/99 3000 13.20 INCA
McBaine P 1/5/99 500 13.20 INCA
Lag P 1/6/99 5000 14.83 SLKC
Gruber P 1/6/99 1000 14.83 SLKC
McBaine P 1/6/99 500 14.83 SLKC
Lag P 1/13/99 3000 18.25 HRZG
Gruber P 1/13/99 1000 18.25 HRZG
LLC P 1/13/99 1000 18.25 HRZG
Lag P 2/2/99 1800 22.14 INCA
Gruber P 2/4/99 800 23.13 HRZG
Lag P 2/9/99 2000 22.94 INCA
Gruber P 2/9/99 500 22.94 INCA
LLC P 2/10/99 500 22.06 INCA
Lag P 2/11/99 2900 22.13 INCA
LLC P 2/12/99 1500 21.19 INCA
Lag P 2/12/99 5000 21.19 INCA
Gruber P 2/12/99 1000 21.19 INCA
Lag P 2/18/99 2500 19.81 INCA
Lag P 2/22/99 4000 19.87 INCA
LLC P 2/22/99 1000 19.87 INCA
LLC P 2/22/99 500 19.31 NEED
Gruber P 2/22/99 500 19.31 NEED
Lag P 3/4/99 2000 20.00 HRZG
LLC P 3/10/99 3500 20.06 NEED
McBaine P 3/10/99 500 20.06 NEED
Gruber P 3/10/99 1000 10.06 NEED
Lag P 3/11/98 2500 20.06 NEED
LLC P 3/11/98 6000 20.13 HRZG
<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 13 of 16
Pages
McBaine P 3/11/98 500 20.13 HRZG
Lag P 3/16/99 2000 21.47 BEST
Gruber P 3/16/99 1000 21.47 BEST
McBaine P 3/16/99 500 21.47 BEST
LLC P 3/18/99 1500 22.92 HMQT
McBaine P 3/18/99 200 22.92 HMQT
Lag P 3/19/99 10000 24.24 HMQT
Gruber P 3/19/99 4000 24.24 HMQT
LLC P 3/19/99 6300 24.24 HMQT
McBaine P 3/19/99 2200 24.24 HMQT
LLC P 3/19/99 1500 24.06 MONT
McBaine P 3/19/99 3500 24.06 MONT
McBaine P 3/19/99 400 24.24 INCA
LLC P 3/19/99 4600 24.24 INCA
LLC P 3/22/99 500 23.80 INCA
Lag P 3/23/99 200 22.05 INCA
Lag P 3/24/99 4000 21.94 HMQT
LLC P 3/24/99 2600 21.94 HMQT
Gruber P 3/24/99 1200 21.94 HMQT
McBaine P 3/24/99 800 21.94 HMQT
LLC P 3/24/99 2500 21.88 ALLN
McBaine P 3/24/99 500 21.88 ALLN
Gruber P 3/24/99 2000 21.88 ALLN
Gruber P 3/24/99 900 21.96 INCA
LLC P 3/24/99 1000 21.96 INCA
Lag P 3/25/99 1300 23.80 INCA
LLC P 3/29/99 1000 25.00 NEED
McBaine P 3/29/99 500 25.00 NEED
[Key to brokers used:]
AGED AG Edwards
ALLN Allen & Co
BEST Bear Stearns
HMQT Hambrecht & Quist
HRZG Herzog Heine Geduld
INCA Instinet
MONT NationsBanc Montgomery Securities
NEED Needham
SLKC Spear Leeds Kellogg
<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 14 of
16 Pages
ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
LLC is the general partner of Lag and GMJ, pursuant to limited
partnership agreements. These agreements provide to the general
partner the authority, among other things, to invest the funds of
GMJ and Lag in the Stock, to vote and dispose of those securities
and to file this statement on behalf of GMJ and Lag. Also
pursuant to those limited partnership agreements, LLC is entitled
to fees based on assets under management and realized and
unrealized gains, if certain conditions are met. Pursuant to
investment management agreements, LLC 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 thirty days' notice, and provide for fees payable to LLC
based on assets under management and realized and unrealized
gains, if certain conditions are met. Pursuant to authority
granted to LLC orally and under a Power of Attorney, LLC is
authorized, among other things, to invest funds of various
relatives and affiliates of Gruber and McBaine. Such authority
may be terminated at any time on notice and there are no fees
payable to LLC for those services.
<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 15 of 16 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule
13D or 13G (previously filed).
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: April 27, 1999
Jon D. Gruber
J. Patterson McBaine
Thomas O. Lloyd-Butler
Gruber and McBaine Capital Management, L.L.C., by J. Patterson
McBaine, Manager
GMJ Investments, L.P., by Gruber and McBaine Capital Management,
L.L.C., by J. Patterson McBaine, Manager
Lagunitas Partners, L.P., by Gruber and McBaine Capital
Management, L.L.C., by J. Patterson McBaine, Manager
<PAGE>
SCHEDULE 13D
CUSIP No. 75612B107 Page 16 of 16 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 securities of RIGX. For that purpose, the
undersigned hereby constitute and appoint Gruber & McBaine
Capital Management, L.L.C., 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
section 13(d) and section 16(a) of the Securities Exchange Act of
1934, as amended, 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: April 27, 1999.
Jon D. Gruber
J. Patterson McBaine
Thomas O. Lloyd-Butler
Gruber and McBaine Capital Management, L.L.C., by J. Patterson
McBaine, Manager
GMJ Investments, L.P., by Gruber and McBaine Capital Management,
L.L.C., by J. Patterson McBaine, Manager
Lagunitas Partners, L.P., by Gruber and McBaine Capital
Management, L.L.C., by J. Patterson McBaine, Manager
CSR\2217\006\1042915.01 4/29/1999 9:54
