UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A-7
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.7)
TOREADOR ROYALTY CORPORATION
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(Name of issuer)
COMMON STOCK $0.15625 PAR VALUE
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891041 10 5
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(Cusip Number)
PETER L. FALB
33 BROAD STREET
BOSTON, MA 02109
Telephone: (617) 742-0666
Facsimile (617) 742-2304
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
JuLY 23, 1998
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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 the statement [ ].
<PAGE>
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CUSIP No. 891041 10 5 SCHEDULE 13D/A-7 Page 2 of 7 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
PETER LAWRENCE FALB ###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX 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
USA
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7. SOLE VOTING POWER
112,000
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 746,300
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 112,000
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
746,300
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
858,300
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.67%
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14. TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE>
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CUSIP No. 891041 10 5 SCHEDULE 13D/A-7 Page 3 of 7 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
EDWARD NATHAN DANE ###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
00
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5. CHECK BOX 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
USA
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 746,300
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
746,300
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
746,300
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.50%
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
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CUSIP No. 891041 10 5 SCHEDULE 13D/A-7 Page 4 of 7 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
FIRETHORN I LIMITED PARTNERSHIP 04-3064184
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
00
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5. CHECK BOX 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
MASSACHUSETTS
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7. SOLE VOTING POWER
170,000
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 170,000
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
170,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.30%
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14. TYPE OF REPORTING PERSON
PN
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<PAGE>
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CUSIP No. 891041 10 5 SCHEDULE 13D/A-7 Page 5 of 7 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
DANE, FALB, STONE & CO., INC. 04-2622331
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
00
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5. CHECK BOX 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
MASSACHUSETTS
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7. SOLE VOTING POWER
575,500
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 800
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 575,500
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
800
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
576,300
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.19%
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14. TYPE OF REPORTING PERSON
IA
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<PAGE>
CUSIP No. 891041 10 5
The Schedule 13D previously filed by the undersigned (the "Reporting
Persons") with respect to the Common Stock, $.15625 par value, of Toreador
Royalty Corporation (the "Company") is hereby amended as follows:
Item 4 is hereby supplemented as follows:
ITEM 4 PURPOSE OF TRANSACTION:
Edward Nathan Dane and Peter L. Falb were elected to the Company's
Board of Directors by vote of a majority of the stockholders at the Company's
1998 Annual Meeting of Stockholders held on July 23, 1998.
Item 5 is amended and restated to read in its entirety as follows:
<TABLE>
<CAPTION>
ITEM 5(A) SHARES
BENEFICIALLY PERCENTAGE
OWNED OF CLASS
------------ ----------
<S> <C> <C>
Peter L. Falb 858,300 16.67%
Edward Nathan Dane 746,300 14.50%
Dane, Falb, Stone & Co. Inc. 576,300 11.19%
Firethorn I Limited Partnership 170,000 3.30%
</TABLE>
ITEM 5(B)
<TABLE>
<CAPTION>
SOLE SHARED SOLE SHARED
VOTING VOTING DISPOSITIVE DISPOSITIVE
POWER POWER POWER POWER
------ ------ ----------- -----------
<S> <C> <C> <C> <C>
Peter L. Falb 112,000 746,300 112,000 746,300
Edward Nathan Dane -- 746,300 -- 746,300
Dane, Falb, Stone & Co., Inc. 575,500 800 575,500 800
Firethorn I Limited Partnership 170,000 -- 170,000 --
</TABLE>
As a result of being a party to a Stockholder Voting Agreement dated as
of June 25, 1998, by and among the members of the current Board of Directors of
the Company and certain stockholders of the Company, the Reporting Persons may
be deemed to have indirect beneficial ownership of, and shared voting power with
respect to, an additional 26.67% of the Company's Common Stock, consisting of
567,400 shares of Common Stock beneficially owned by the Gralee Persons
(11.02%), and 785,960 shares of Common Stock beneficially owned by the Current
Board (15.27%).
ITEM 5(C) TRANSACTIONS IN THE PAST SIXTY DAYS:
<TABLE>
<CAPTION>
NAME OF PERSON DATE NUMBER OF SHARES PRICE
-------------- ---- ---------------- -----
<S> <C> <C> <C>
Dane Falb 7/17/98 2,000 $6,000
Dane Falb 7/17/98 1,000 $2,875
Peter Falb 7/21/98 1,000 $1,000
</TABLE>
Page 6 of 7 Pages
<PAGE>
CUSIP No. 891041 10 5
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.
<TABLE>
<CAPTION>
<S> <C>
July 30, 1998 /s/ Peter L. Falb
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July 30, 1998 /s/ Edward Nathan Dane
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DANE, FALB, STONE & CO., INC.
July 30, 1998 By: /s/ Peter L. Falb, Treasurer
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July 30, 1998 By: /s/ Edward Nathan Dane, President
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FIRETHORN I LIMITED PARTNERSHIP
By: FIRETHORN II LIMITED PARTNERSHIP,
its general partner
By: EAGLEROCK CORPORATION, its
general partner
July 30, 1998 By: /s/ Peter L. Falb, Treasurer
------------------------------------
July 30, 1998 By: /s/ Edward Nathan Dane, President
------------------------------------
</TABLE>
Page 7 of 7 Pages
