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SCHEDULE 13G
(RULE 13D-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b)
and (c) and Amendments Thereto Filed Pursuant to Rule 13d-2(b).
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __________)*
Orthodontic Centers of America, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
68750P-10-3
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(CUSIP Number)
*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 the disclosures provided in a prior cover page.
The information required in 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).
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CUSIP NO. 68750P-10-3 13G PAGE 2 OF 4 PAGES
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1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Gasper Lazzara, Jr.
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2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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5 Sole Voting Power
3,186,577
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Number of Shares 6 Shared Voting Power
Beneficially
Owned by 685,400
Each Reporting -----------------------------------------------------------
Person With 7 Sole Dispositive Power
2,890,047
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8 Shared Dispositive Power
685,400
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
3,871,977 shares*
*Includes 685,400 shares held in trusts by a third party trustee for
the benefit of the children of the reporting person, and 296,530
shares held in a voting trust by the reporting person for the
benefit of two third parties. The filing of this statement shall
not be construed as an admission that the reporting person is, for
the purpose of Section 13(d) or 13(g) of the Securities Exchange
Act of 1934, as amended, the beneficial owner of any securities
covered by this statement.
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
8.1%
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12 Type of Reporting Person (See Instructions)
IN
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INSTRUCTIONS FOR COVER PAGE
(1) Names and I.R.S. Identification Numbers of Reporting Persons. Furnish
the full legal name of each person for whom the report is filed (i.e.,
each person required to sign the schedule itself) including each member
of a group. Do not include the name of a person required to be
identified in the report but who is not a reporting person. Reporting
persons that are entities are also requested to furnish their I.R.S.
identification numbers, although disclosure of such numbers is
voluntary, not mandatory. (See "Special Instructions For Complying With
Schedule 13G," below.)
(2) If any of the shares beneficially owned by a reporting person are held
as a member of a group and such membership is expressly affirmed,
please check row 2(a). If the membership in a group is disclaimed or
the reporting person describes a relationship with other persons but
does not affirm the existence of a group, please check row 2(b) (unless
a joint filing pursuant to Rule 13d-1(e)(1) in which case it may not be
necessary to check row 2(b)).
(3) The third row is for SEC internal use; please leave blank.
(4) Citizenship or Place of Organization. Furnish citizenship if the named
reporting person is a natural person. Otherwise, furnish place of
organization.
(5)-(9), (11) Aggregate Amount Beneficially Owned by Each Reporting Person, etc.
Rows (5) through (9) inclusive, and (11) are to be completed in
accordance with the provisions of Item 4 of Schedule 13G. All
percentages are to be rounded off to the nearest 10th (one place after
decimal point).
(10) Check if the aggregate amount reported as beneficially owned in row (9)
does not include shares as to which beneficial ownership is disclaimed
pursuant to Rule 13d-4 under the Securities Exchange Act of 1934.
(12) Type of Reporting Person. Please classify each "reporting person"
according to the following breakdown (see Item 3 of Schedule 13G) and
place the appropriate symbol on the form:
<TABLE>
<CAPTION>
Category Symbol
-------- ------
<S> <C>
Broker-Dealer.............................. BD
Bank....................................... BK
Insurance Company.......................... IC
Investment Company......................... IV
Investment Advisor......................... IA
Employee Benefit Plan, Pension Fund, or
Endowment Fund.......................... EP
Parent Holding Company..................... HC
Corporation................................ CO
Partnership................................ PN
Individual................................. IN
Other...................................... OO
</TABLE>
Notes. Attach as many copies of the second part of the cover page as
are needed, one reporting person per page.
Filing persons may, in order to avoid unnecessary duplication, answer
items on the schedules (Schedule 13D, 13G or 14D-1) by appropriate
cross-references to an item or items on the cover page(s). This approach may
only be used where the cover page item or items provide all the disclosure
required by the schedule item. Moreover, such a use of a cover page item will
result in the item becoming a part of the schedule and accordingly being
considered as "filed" for purposes of Section 18 of the Securities Exchange Act,
or otherwise subject to the liabilities of that section of the Act.
Reporting persons may comply with their cover page filing requirements
by filing either completed copies of the blank forms available from the
Commission, printed or typed facsimiles, or computer printed facsimiles,
provided the documents filed have identical formats to the forms prescribed in
the Commission's regulations and meet existing Securities Exchange Act rules as
to such matters as clarity and size (Securities Exchange Act Rule 12b-12).
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SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G
Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of
1934 and the rules and regulations thereunder, the Commission is authorized to
solicit the information required to be supplied by this schedule by certain
security holders of certain issuers.
Disclosure of the information specified in this schedule is mandatory,
except for I.R.S. identification numbers, disclosure of which is voluntary. The
information will be used for the primary purpose of determining and disclosing
the holdings of certain beneficial owners of certain equity securities. This
statement will be made a matter of public record. Therefore, any information
given will be available for inspection by any member of the public.
Because of the public nature of the information, the Commission can use
it for a variety of purposes, including referral to other governmental
authorities or securities self-regulatory organizations for investigatory
purposes, or in connection with litigation involving the federal securities laws
or other civil, criminal or regulatory statutes or provisions. I.R.S.
identification numbers, if furnished, will assist the Commission in identifying
security holders and, therefore, in promptly processing statements of beneficial
ownership of securities.
Failure to disclose the information requested by this schedule, except
for I.R.S. identification numbers, may result in civil or criminal action
against the persons involved for violation of the federal securities laws and
rules promulgated thereunder.
ITEM 1(A) Name of Issuer: Orthodontic Centers of America, Inc.
ITEM 1(B) Address of Issuer's Principal Executive Offices: 5000 Sawgrass
Village, Suite 25, Ponte Vedra Beach, Florida 32082
ITEM 2(A) Name of Person Filing: Gasper Lazzara, Jr.
ITEM 2(B) Address of Principal Business Office or, if None, Residence: 5000
Sawgrass Village, Suite 25, Ponte Vedra Beach, Florida 32082
ITEM 2(C). Citizenship: United States
ITEM 2(D). Title of Class of Securities: Common Stock
ITEM 2(E). CUSIP Number: 68750P-10-3
ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a). [ ] Broker or Dealer registered under Section 15 of the Act;
(b). [ ] Bank as defined in Section 3(a)(6) of the Act;
(c). [ ] Insurance Company as defined in Section 3(a)(19) of the
Act;
(d). [ ] Investment Company registered under Section 8 of the
Investment Company Act;
(e). [ ] Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940;
(f). [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974, or Endowment Fund; see Rule
13d-1(b)(1)(ii)(F);
(g). [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) (Note. See Item 7);
(h). [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Not applicable.
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ITEM 4. OWNERSHIP.
If the percent of the class owned, as of December 31, of
the year covered by the statement, or as of the last day of any
month described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount beneficially owned: 3,871,977 shares*
(b) Percent of class: 8.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote - 3,186,577
shares
(ii) Shared power to vote or to direct the vote - 685,400
shares
(iii) Sole power to dispose or to direct the disposition of -
2,890,047 shares
(iv) Shared power to dispose or to direct the disposition of -
685,400 shares
Instruction. For computations regarding securities which
represent a right to acquire an underlying security see Rule
13d-3(d)(1).
*Includes 685,400 shares held in trusts by a third party trustee
for the benefit of the children of the reporting person, and
296,530 shares held in a voting trust by the reporting person
for the benefit of two third parties. The filing of this
statement shall not be construed as an admission that the
reporting person is, for the purpose of Section 13(d) or 13(g)
of the Securities Exchange Act of 1934, as amended, the
beneficial owner of any securities covered by this statement.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
Not applicable.
Instruction. Dissolution of a group requires a response to
this item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
If any other person is known to have the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities, a statement to that
effect should be included in response to this item and, if such
interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an
investment company registered under the Investment Company Act of
1940 or the beneficiaries of employee benefit plan, pension fund
or endowment fund is not required.
In connection with the settlement of litigation initiated
by two orthodontists against the issuer, such
orthodontists entered into a voting trust agreement which
provided that, until the later of the time at which the
two orthodontists own shares of Common Stock of the issuer
or October 18, 2004, the reporting person or a designee of
the reporting person may vote the shares of the
orthodontists, but the orthodontists have the right to
receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, such securities.
There are currently 296,530 shares of common stock of the
issuer held in such voting trust.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and
attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a parent holding
company has filed this schedule pursuant to Rule 13d-1(c), attach
an exhibit stating the identification of the relevant subsidiary.
Not applicable.
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
If a group has filed this schedule pursuant to Rule
13d-1(b)(ii)(H), so indicate under Item 3(h) and attach an
exhibit stating the identity and Item 3 classification of each
member of the group. If a group has filed this schedule pursuant
to Rule 13d-1(c), attach an exhibit stating the identity of each
member of the group.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all further
filings with respect to transactions in the security reported on
will be filed, if required, by members of the group, in their
individual capacity. (See Item 5.)
Not applicable.
ITEM 10. CERTIFICATION.
The following certification shall be included if the
statement is filed pursuant to Rule 13d-1(b):
"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 purposes or effect."
Not applicable.
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.
February 1, 1999
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(Date)
/s/ Gasper Lazzara, Jr.
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(Signature)
Gasper Lazzara, Jr., D.D.S,
Chairman and Co-Chief Executive Officer
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(Name and Title)
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note. Six copies of this statement, including all exhibits, should be
filed with the Commission.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
