SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Laser Mortgage Management, Inc.
(Name of Issuer)
Common Stock, par value $.001 per share
(Title of Class of Securities)
51806D100
(CUSIP Number)
Richard C. Perry
Perry Corp.
599 Lexington Avenue
New York, New York 10022
(212) 583-4000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 4, 1997
(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 Statement because of Rule
13d-1(b)(3) or (4), check the following: |_|
Check the following box if a fee is being paid with this Statement: |_|
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SCHEDULE 13D
CUSIP NO. 51806D100
1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Perry Corp.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) __
(b) __
3 SEC USE ONLY
4 SOURCE OF FUNDS
00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
Number of 7 SOLE VOTING POWER 1,160,000
Shares
Beneficially 8 SHARED VOTING POWER NONE
Owned by 9 SOLE DISPOSITIVE POWER 1,160,000
Reporting 10 SHARED DISPOSITIVE POWER NONE
Person With
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,160,000
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%
14 TYPE OF REPORTING PERSON*
CO
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SCHEDULE 13D
CUSIP NO. 51806D100
1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Richard C. Perry
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) __
(b) __
3 SEC USE ONLY
4 SOURCE OF FUNDS
00
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 1,160,000 (all shares
Shares beneficially owned by Perry Corp.)
Beneficially 8 SHARED VOTING POWER NONE
Owned by 9 SOLE DISPOSITIVE POWER 1,160,000 (all shares
Reporting beneficially owned by Perry Corp.
Person With 10 SHARED DISPOSITIVE POWER NONE
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,160,000
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%
14 TYPE OF REPORTING PERSON*
IN
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Item 1. Security and Issuer.
Common Stock, $.001 par value ("Laser Common")
Laser Mortgage Management, Inc. (the "Company")
51 John Kennedy Parkway
Short Hills, New Jersey 07078
Item 2. Identity and Background.
Names of Person Filing:
This statement is filed on behalf of Perry Corp., a New York
corporation whose principal offices are located at 599 Lexington Avenue, New
York, New York 10022 ("Perry Corp."), and Richard C. Perry, with respect to the
shares of Laser Common owned beneficially by Perry Corp. Perry Corp. is a
private investment management firm.
Richard C. Perry is the President and sole stockholder of Perry
Corp. His business address is c/o Perry Corp., 599 Lexington Avenue, New York,
New York 10022. He is a citizen of the United States.
See attached Exhibit A which is a copy of their agreement in writing
to file this statement on behalf of each of them.
Neither Perry Corp., nor Richard C. Perry, has during the last five
years:
A. been convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors); or
B. been 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.
The source of the funds for the purchases of the 1,160,000 shares of
Laser Common reported by Perry Corp. herein was the investment capital of
certain investment accounts under the management and control of Perry. (See Item
5(d)). The total amount of such funds is $17,270,153.11.
Item 4. Purpose of Transaction.
The purpose of the acquisition of shares of Laser Common by Perry
Corp. is for investment. Perry Corp. intends to review its holdings with respect
to the Company on a continuing basis. Depending upon Perry Corp's evaluation of
the Company's business and prospects, and upon future developments (including,
but not limited to, market prices of the shares of Laser Common and availability
and alternative uses of funds; as well as conditions in the securities markets
and general economic conditions and industry conditions), Perry Corp. may
acquire additional shares of Laser Common or other securities of the Company,
sell all or a portion of its
<PAGE>
shares of Laser Common or other securities of the Company, now owned or
hereafter acquired, or maintain its position at current levels.
Perry Corp. has no present plans or proposals which relate to, or
would result in, any of the matters enumerated in paragraphs (b) through (j),
inclusive, of Item 4 of Schedule 13D. Perry Corp. may, at any time and from time
to time, review or reconsider its position with respect to the Company, and
formulate plans or proposals with respect to any such matters.
Item 5. Interest in Securities of the Issuer.
(a) As of December 9, 1997, Perry Corp. beneficially owns, within the
meaning of Rule 13d-3 under the Exchange Act, 1,160,000 shares of Laser Common
or approximately 5.8% of the outstanding shares of Laser Common (based upon
20,019,999 shares of Laser Common reported to be outstanding by the Company as
of November 26, 1997 in the Company's Offering Prospectus, dated November 26,
1997).
(b) Perry Corp. has the power to vote or to direct the vote and to dispose
or to direct the disposition of the 1,160,000 shares of Laser Common
beneficially owned by it, which power may be exercised by its President and sole
shareholder, Richard C. Perry.
(c) All transactions in Laser Common by Perry Corp. during the past 60
days are described in Schedule A hereto.
(d) The shares reported herein by Perry Corp. are owned beneficially by
Perry Corp. for the benefit of investor accounts managed and controlled by Perry
Corp. Perry Corp. is the managing general partner of Perry Partners LP, a
Delaware limited partnership ("Perry Partners"), and is the investment manager
of Perry Partners International, Inc., a British Virgin Islands corporation
("Perry International"), and several managed accounts. Investors in Perry
Partners, Perry International and such managed accounts have the right to
receive dividends and proceeds from the sale of the Laser Common. No such
investor has an interest which relates to more than 5% of the Laser Common
outstanding.
Because of the foregoing relationships, Perry Corp. and Richard C.
Perry disclaim beneficial ownership of shares of Laser Common reported herein,
for purposes of Section 13(d) or the Exchange Act or otherwise, other than the
portion of such shares which relates to their respective individual economic
interests in the shares.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with respect to
Securities of the Issuer
Except as otherwise described herein, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) between such
persons and any person with respect to any securities of the Company, including,
but not limited to, transfer or voting of any of the securities, finder's fees,
joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits:
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EXHIBIT A Joint Filing Agreement of Perry Corp. and Richard C. Perry, as
required by Rule 13D-1(f)(1) promulgated under the Securities Exchange Act of
1934, as amended.
SIGNATURES
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.
PERRY CORP.
Dated: December 12, 1997
New York, New York By: /s/ Richard Perry
-----------------------------
Name: Richard C. Perry
Title: President
Dated: December 12, 1997
New York, New York /s/ Richard Perry
-----------------------------
Richard C. Perry
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SCHEDULE A
PERRY CORP.
Transactions in the past
60 days in Laser Common
Number of Shares Purchase Price
Trade Date Purchased/(Sold) Per Share
- ---------- ---------------- ---------
12/4/97 160,000 14.125
12/1/97 27,000 14.563
12/1/97 (27,000) 14.563
11/26/97 1,000,000 15.00
<PAGE>
EXHIBIT A
AGREEMENT
JOINT FILING OF SCHEDULE 13D
The undersigned hereby agree to jointly prepare and file with
regulatory authorities a Schedule 13D and any future amendments thereto
reporting each of the undersigned's ownership of securities of Laser Mortgage
Management, Inc. and hereby affirms that such Schedule 13D is being filed on
behalf of each of the undersigned. The undersigned acknowledge that each shall
be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
therein, but shall not be responsible for the completeness and accuracy of the
information concerning the other, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.
PERRY CORP.
Dated: December 12, 1997
New York, New York By: /s/ Richard Perry
-----------------------------
Name: Richard C. Perry
Title: President
Dated: December 12, 1997
New York, New York /s/ Richard Perry
-----------------------------
Richard C. Perry
