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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Texas Pacific Land Trust
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(Name of Issuer)
Sub-Share Certificates in Certificates of Proprietary Interest
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(Title of Class of Securities)
882610108
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(CUSIP Number)
Michael S. Paquette
Vice President and Controller
Fund American Enterprises Holdings, Inc.
The 1820 House,
Main Street,
Norwich, Vermont 05055-0850
(802) 649-3633
------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 4, 1995
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(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 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 re-porting 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.
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CUSIP NO. 882610108
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises Holdings, Inc.
94-2708455
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(2) Check the Appropriate Box if a Member (a) _______________________
of a Group (See Instructions)
(b) _______________________
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Delaware
--------
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Number of Sub-Shares (7) Sole Voting Power
Beneficially Owned ----------------------
by Each Reporting
Person With (8) Shared Voting Power
----------------------
246,000
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
246,000
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
246,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See
Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) Approximately 8.1%
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(14) Type of Reporting Person (See Instructions) HC, CO
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CUSIP NO. 882610108
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises, Inc.
51-0328932
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) _______________________
of a Group (See Instructions)
(b) _______________________
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
--------
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Number of Sub-Shares (7) Sole Voting Power
Beneficially Owned ----------------------
by Each Reporting
Person With (8) Shared Voting Power
----------------------
246,000
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
246,000
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
246,000
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See
Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) Approximately 8.1%
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(14) Type of Reporting Person (See Instructions) CO
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ONLY ITEMS REPORTED IN THIS AMENDMENT NO. 2 TO SCHEDULE 13D ARE AMENDED FROM THE
FILING ON SCHEDULE 13D FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY
3, 1995, AS AMENDED BY AMENDMENT NO. 1 ON SEPTEMBER 8, 1995. ALL OTHER ITEMS
REMAIN UNCHANGED. UNLESS OTHERWISE SPECIFIED, ALL DEFINED TERMS USED HEREIN
HAVE THE MEANING PREVIOUSLY ASCRIBED TO THEM IN THE SCHEDULE 13D.
Item 4. Purpose of Transaction.
-----------------------
(a) Sales by FAE outlined in Schedule II, attached hereto, and
incorporated herein by reference, were made in the ordinary course of business
and not for the purpose or effect of changing or influencing the control of TPL
or in connection with, or as a participant in, any transaction having such
purpose or effect.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) FAEH owns all 246,000 Sub-Shares indirectly through FAE. The
aggregate number of Sub-Shares and the corresponding percentage of the
outstanding Sub-Shares such number represents is as follows:
<TABLE>
<CAPTION>
Percentage of
Sub-Shares Sub-Shares
Beneficially Beneficially
Person Owned Owned
------ ------------ -------------
<S> <C> <C>
FAEH 246,000 8.1%
FAE 246,000 8.1%
</TABLE>
(b) FAEH shares voting power and dispositive power with respect to the
246,000 Sub-Shares with FAE.
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(c) Schedule II, attached hereto, describes all transactions by FAEH and FAE,
and to the best knowledge of FAEH and FAE, any of the persons listed on Schedule
I, in Sub-Shares effected during the past 60 days.
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: October 12, 1995
FUND AMERICAN ENTERPRISES HOLDINGS, INC.
BY: Michael S. Paquette
---------------------------------
Name: Michael S. Paquette
Title: Vice President and
Controller
FUND AMERICAN ENTERPRISES, INC.
BY: Terry L. Baxter
----------------------------------
Name: Terry L. Baxter
Title: President and Secretary
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SCHEDULE II TO SCHEDULE 13D
---------------------------
Sales of Sub-Share Certificates in Certificates of Proprietary
Interest of Texas Pacific Land Trust by the Reporting Persons and by persons
listed in Schedule I within the last 60 days.
<TABLE>
<CAPTION>
Sold by Date Number Sold Unit Price
------- ---- ----------- ----------
<S> <C> <C> <C>
FAE 8/30/95 6,500 28.461
FAE 8/31/95 8,200 28.254
FAE 9/01/95 5,900 28.303
FAE 9/05/95 8,500 28.073
FAE 9/07/95 1,100 27.511
FAE 9/08/95 1,800 27.555
FAE 9/11/95 4,100 27.110
FAE 9/13/95 4,000 27.000
FAE 9/18/95 3,700 27.000
FAE 9/19/95 1,000 27.000
FAE 9/20/95 4,300 27.471
FAE 9/21/95 4,300 27.471
FAE 9/25/95 1,000 27.500
FAE 9/26/95 1,400 27.500
FAE 9/29/95 5,000 27.000
FAE 10/04/95 3,300 27.000
</TABLE>
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