-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pa7LbnLlANj9OAXKIa9gqqV6rVmyseHYCQDAz56cXHw1oOmK9hven/pMgdzplTSb tAElBZO51EoirIRJrDgGAA== 0000909518-04-000912.txt : 20041119 0000909518-04-000912.hdr.sgml : 20041119 20041119164519 ACCESSION NUMBER: 0000909518-04-000912 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20041119 DATE AS OF CHANGE: 20041119 GROUP MEMBERS: JOHN T. BIRD GROUP MEMBERS: NEIL H. KOFFLER GROUP MEMBERS: PETER M. COLLERY GROUP MEMBERS: PMC-BVI, INC. GROUP MEMBERS: SC FUNDAMENTAL VALUE BVI, INC. GROUP MEMBERS: SC FUNDAMENTAL VALUE BVI, LTD. GROUP MEMBERS: SC FUNDAMENTAL VALUE FUND, L.P. GROUP MEMBERS: SC-BVI PARTNERS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCPIE HOLDINGS INC CENTRAL INDEX KEY: 0001013609 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 954557980 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52877 FILM NUMBER: 041158367 BUSINESS ADDRESS: STREET 1: 1888 CENTURY PARK EAST STREET 2: SUITE 800 CITY: LOS ANGELES STATE: CA ZIP: 90067-1712 BUSINESS PHONE: (310) 551-5900 MAIL ADDRESS: STREET 1: 1888 CENTURY PARK EAST STREET 2: SUITE 800 CITY: LOS ANGELES STATE: CA ZIP: 90067 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SC FUNDAMENTAL LLC CENTRAL INDEX KEY: 0001122345 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 747 THIRD AVENUE STREET 2: 27TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128889100 MAIL ADDRESS: STREET 1: 747 THIRD AVENUE STREET 2: 27TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 mv11-19_13da1.txt ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) ------------------------------ SCPIE HOLDINGS INC. (Name of Issuer) COMMON STOCK, $0.0001 PAR VALUE PER SHARE 78402P104 (Title of class of securities) (CUSIP number) NEIL H. KOFFLER SC FUNDAMENTAL LLC 747 THIRD AVENUE, 27TH FLOOR NEW YORK, NEW YORK 10017 (212) 888-9100 (Name, address and telephone number of person authorized to receive notices and communications) WITH A COPY TO: DAVID E. ZELTNER, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153-0119 (212) 310-8000 NOVEMBER 10, 2004 (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss. 240.13d-7 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 purposes of Section 18 of the Securities Exchange Act of 1934 (the "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.) (Continued on following pages) (Page 1 of 18 Pages) ================================================================================
- -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 2 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SC FUNDAMENTAL VALUE FUND, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC/OO - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 307,582 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 0 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 307,582 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 0 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 307,582 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.10% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------------- ----------------------------------------------------------------------------------------------------- 2 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 3 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SC FUNDAMENTAL LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 307,582 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 307,582 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 307,582 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.10% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ------------------------- ----------------------------------------------------------------------------------------------------- 3 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 4 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SC FUNDAMENTAL VALUE BVI, LTD. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: British Virgin Islands - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 295,518 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 0 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 295,518 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 0 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 295,518 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.98% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ------------------------- ----------------------------------------------------------------------------------------------------- 4 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 5 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SC-BVI PARTNERS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 295,518 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 295,518 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 295,518 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.98% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ------------------------- ----------------------------------------------------------------------------------------------------- 5 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 6 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON PMC - BVI, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 295,518 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 295,518 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 295,518 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.98% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ------------------------- ----------------------------------------------------------------------------------------------------- 6 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 7 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SC FUNDAMENTAL VALUE BVI, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 295,518 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 295,518 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 295,518 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.98% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ------------------------- ----------------------------------------------------------------------------------------------------- 7 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 8 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON PETER M. COLLERY S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO/PF - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 100* NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 603,100 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 100* ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 603,100 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 603,200** - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 6.09% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ------------------------- ----------------------------------------------------------------------------------------------------- *All of such shares are held by Mr. Collery as custodian for his children in the following amounts: (i) Claire Adams Collery: 70 shares; and (ii) Edward Arnold Collery: 30 shares. ** Of such amount, 100 shares are held by Mr. Collery as custodian for his children as stated immediately above. 8 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 9 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON NEIL H. KOFFLER S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO/PF - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 603,100 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 603,100 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 603,100 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 6.09% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ------------------------- ----------------------------------------------------------------------------------------------------- 9 - -------------------------------------------------------------------- ---------------------------------------------- CUSIP No. 78402P104 13D Page 10 of 18 Pages - -------------------------------------------------------------------- ---------------------------------------------- - ------------------------- ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON JOHN T. BIRD S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ------------------------- ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO/PF - ------------------------- ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States - ------------------------- ----------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ----------------------- ------------------------------------------------------------------------- 8 SHARED VOTING POWER: 603,100 ----------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 ----------------------- ------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 603,100 - ------------------------- ----------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 603,100 - ------------------------- ----------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------- ----------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 6.09% - ------------------------- ----------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ------------------------- -----------------------------------------------------------------------------------------------------
10 This Amendment No. 1 ("Amendment No. 1") amends the Statement on Schedule 13D (the "Schedule 13D") filed on November 1, 2002, by and on behalf of SC Fundamental Value Fund, L.P. ("Fund"), SC Fundamental LLC ("SCFLLC"), SC Fundamental Value BVI, Ltd. ("BVI Fund"), SC-BVI Partners ("BVI Partners"), PMC-BVI, Inc. ("PMCBVI"), SC Fundamental Value BVI, Inc. ("BVI Inc."), Peter M. Collery ("Collery") and Neil H. Koffler ("Koffler") as members of a joint filing group with respect to the ownership of the common stock, par value $0.0001 per share ("Common Stock"), of SCPIE Holdings Inc., a Delaware corporation (the "Company"). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D, as amended. ITEM 2. IDENTITY AND BACKGROUND The persons filing this Amendment No. 1 are Fund, SCFLLC, BVI Fund, BVI Partners, PMCBVI, BVI Inc., Collery, Koffler and John T. Bird ("Bird") as members of a joint filing group (collectively, the "Reporting Persons"). The business address of each of the Fund, SCFLLC, BVI Partners, PMCBVI, BVI Inc., Collery, Koffler, each director and officer of BVI Fund, each general partner of BVI Partners and the sole director of PMC-BVI is 747 Third Avenue, 27th Floor, New York, New York 10017. The name, position and business address of each member of SCFLLC are set forth on Schedule A attached hereto. The name, position and business address of each of the directors and executive officers of BVI Inc. are set forth on Schedule B attached hereto. Bird is a citizen of the United States having a business address at 747 Third Avenue, 27th Floor, New York, New York 10017. The principal occupation of Bird is acting as an employee member of SCFLLC. During the last five years, Bird has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been 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. Except as indicated above, the information set forth in Item 2 to the Schedule 13D remains unchanged. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The responses of the Reporting Persons to Rows (11) through (13) of the cover pages of this Amendment No. 1 are incorporated herein by reference. As of the close of business on November 18, 2004, the Reporting Persons beneficially owned (or are deemed, solely for purposes of Rule 13d-3, to have beneficially owned), directly or indirectly, an aggregate of 603,200 shares of Common Stock, representing approximately 6.09% of the Common Stock outstanding on November 18, 2004, (based on 9,910,576 shares of Common Stock outstanding as of November 5, 2004 as reported in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2004). Each of the Reporting Persons, 11 by virtue of Rule 13d-3, may be deemed to own beneficially the number of shares and percentages of Common Stock set forth opposite their names below. Shares of Name Common Stock Percentage - ---- ------------ ---------- SC Fundamental Value Fund, L.P. 307,582 3.10% SC Fundamental LLC 307,582 3.10% SC Fundamental Value BVI, Ltd. 295,518 2.98% SC Fundamental Value BVI, Inc. 295,518 2.98% SC-BVI Partners 295,518 2.98% PMC-BVI, Inc. 295,518 2.98% Peter M. Collery 603,200 (1) 6.09% Neil H. Koffler 603,100 6.09% John T. Bird 603,100 6.09% (1) Includes 100 shares of Common Stock held by Collery as custodian for his children. (b) The responses of the Reporting Persons to (i) Rows (7) through (10) of the cover pages of this Amendment No. 1 and (ii) Item 5a hereof are incorporated herein by reference. Bird, Koffler and Collery, by virtue of their status as members of SCFLLC, the general partner of Fund, may be deemed to share with Fund and SCFLLC the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock of which Fund is the direct beneficial owner. Bird and Koffler, by virtue of their status as executive officers of BVI Inc., and Collery, by virtue of his status as the sole stockholder and an executive officer of BVI Inc., the managing general partner of BVI Partners, which is the investment manager of BVI Fund, may be deemed to share with BVI Inc., BVI Partners and BVI Fund the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which BVI Fund is the direct beneficial owner. Collery, by virtue of his status as the sole stockholder, director and executive officer of PMCBVI, a general partner of BVI Partners, which is the investment manager of BVI Fund, may be deemed to share with PMCBVI, BVI Partners and BVI Fund the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which BVI Fund is the direct beneficial owner. Collery has the sole power to vote or direct the vote and to dispose or to direct the disposition of 100 shares of Common Stock of which he is the custodian for his children. (c) During the last 60 days, the following transactions in Common Stock were effected by the Reporting Persons on the New York Stock Exchange: 12
Number of Shares Price Per Commission Per Reporting Person Purchased / Sold Share Share Date ---------------- ---------------- ----- ----- ---- SC Fundamental Value BVI, Ltd. (11,564) 8.9700 0.0000 10/1/04 SC Fundamental Value Fund, L.P. 11,564 8.9700 0.0000 10/1/04 SC Fundamental Value BVI, Ltd. 9,110 8.7550 0.0200 11/10/04 SC Fundamental Value Fund, L.P. 9,490 8.7550 0.0200 11/10/04 SC Fundamental Value BVI, Ltd. 150 8.9000 0.0200 11/15/04 SC Fundamental Value Fund, L.P. 150 8.9000 0.0200 11/15/04 SC Fundamental Value BVI, Ltd. 2,940 8.9000 0.0200 11/16/04 SC Fundamental Value Fund, L.P. 3,060 8.9000 0.0200 11/16/04
(d) Not applicable. (e) Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1. Joint Filing Agreement, dated November 19, 2004 [The remainder of this page intentionally left blank.] 13 SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct. Dated: November 19, 2004 SC FUNDAMENTAL VALUE FUND, L.P. By: SC Fundamental LLC, as General Partner By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Member SC FUNDAMENTAL LLC By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Member SC FUNDAMENTAL VALUE BVI, LTD. By: SC Fundamental Value BVI, Inc., as managing general partner of investment manager By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Vice President SC-BVI PARTNERS By: SC Fundamental Value BVI, Inc., as managing general partner By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Vice President PMC-BVI, INC. By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery, President (1) 14 SC FUNDAMENTAL VALUE BVI, INC. By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Vice President /s/ Neil H. Koffler ------------------------------------------ Neil H. Koffler as Attorney-in-Fact for Peter M. Collery (1) /s/ Neil H. Koffler ------------------------------------------ Neil H. Koffler /s/ John T. Bird ------------------------------------------ John T. Bird (1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. The Power of Attorney for Mr. Collery is attached as Exhibit 2 to the Statement on Schedule 13G with respect to the Class A Common Stock of Winmill & Co. Incorporated, filed on November 26, 2003, and is hereby incorporated by reference. 15 EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 1 Joint Filing Agreement, dated November 19, 2004 16 SCHEDULE A The name and present principal occupation or employment of the members of SC Fundamental LLC are set forth below. The business address of each member is 747 Third Avenue, 27th Floor, New York, New York 10017. All persons are United States citizens. Name and Position Present Principal Occupation or Employment - ----------------- ------------------------------------------ Peter M. Collery Member of SC Fundamental LLC and President of Member SC Fundamental BVI, Inc. Neil H. Koffler Member of SC Fundamental LLC and Vice President of Member SC Fundamental BVI, Inc. John T. Bird Member of SC Fundamental LLC and Vice President of Member SC Fundamental BVI, Inc. 17 SCHEDULE B The name and position of each director and executive officer of SC Fundamental Value BVI, Inc. are set forth below. The business address of each director and executive officer is 747 Third Avenue, 27th Floor, New York, New York 10017. All directors and executive officers are citizens of the United States. Name Position - ---- -------- Peter M. Collery Director, President and Secretary Neil H. Koffler Vice President and Treasurer John T. Bird Vice President 18 EX-99 2 mv11-19_ex1.txt Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Amendment No. 1 to the Statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $0.0001 per share, of SCPIE Holdings Inc. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned hereby execute this Agreement this 19th day of November, 2004. Dated: November 19, 2004 SC FUNDAMENTAL VALUE FUND, L.P. By: SC Fundamental LLC, as General Partner By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Member SC FUNDAMENTAL LLC By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Member SC FUNDAMENTAL VALUE BVI, LTD. By: SC Fundamental Value BVI, Inc., as managing general partner of investment manager By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Vice President SC-BVI PARTNERS By: SC Fundamental Value BVI, Inc., as managing general partner By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Vice President PMC-BVI, INC. By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery, President (1) 14 SC FUNDAMENTAL VALUE BVI, INC. By: /s/ Neil H. Koffler -------------------------------------- Neil H. Koffler, Vice President /s/ Neil H. Koffler ------------------------------------------ Neil H. Koffler as Attorney-in-Fact for Peter M. Collery (1) /s/ Neil H. Koffler ------------------------------------------ Neil H. Koffler /s/ John T. Bird ------------------------------------------ John T. Bird (1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. The Power of Attorney for Mr. Collery is attached as Exhibit 2 to the Statement on Schedule 13G with respect to the Class A Common Stock of Winmill & Co. Incorporated, filed on November 26, 2003, and is hereby incorporated by reference. -----END PRIVACY-ENHANCED MESSAGE-----