Explanatory Note

This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) amends and supplements the Schedule 13D that was originally filed on October 13, 2011 (the “Original Schedule 13D”, and together with this Amendment No. 1, the “Schedule 13D”) jointly by Eduardo Baviera Sabater (“Eduardo”), Julio Baviera Sabater (“Julio”), Fernando Llovet Osuna, (“Fernando”), Inversiones Telesan BV (“Telesan”), Investment Ballo Holding BV (“Ballo”), and Inversiones DARIO 3 BV (“Dario”, and collectively with Eduardo, Julio, Fernando, Telesan, and Ballo, the “Reporting Persons”) with respect to the Common Stock of LCA-Vision Inc. (the “Company”). This is the final amendment to the Schedule 13D and constitutes an “exit filing” for each of the Reporting Persons. Capitalized terms used and not defined in this Amendment No. 1 shall have the meanings set forth in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Original Schedule 13D.

Item 5. Interest in Securities of the Issuer

Paragraphs (a), (b), (c), and (e) to Item 5 of the Original Schedule 13D are hereby amended and restated in their entirety as follows:

(a) Pursuant to Rule 13d-3, Telesan may be deemed to own beneficially 0 shares of Common Stock, which represents 0.0% of all outstanding shares of Common Stock. Eduardo owns 98% of Telesan. Eduardo owns directly 318,086 shares of Common Stock, which represents 1.69% of all outstanding shares of Common Stock. Pursuant to Rule 13d-3, Eduardo may be deemed to own beneficially a total of 318,086 shares of Common Stock, which includes both his direct and indirect holdings, which represents 1.69% of all outstanding shares of Common Stock. Pursuant to Rule 13d-3, Ballo may be deemed to own beneficially 307,218 shares of Common Stock, which represents 1.63% of all outstanding shares of Common Stock. Julio owns approximately 80% of Ballo so he may also be deemed to own such shares. Eduardo owns 0.01% of Ballo. The other 20% of Ballo is evenly owned between his two daughters, Ms. Leticia Baviera Omarrementería (10%) and Ms. Carlota Baviera Omarrementería (10%). Julio and Eduardo are brothers. Pursuant to Rule 13d-3, Dario may be deemed to own beneficially 148,086 shares of Common Stock, which represents 0.79% of all outstanding shares of Common Stock. Fernando owns 100% of Dario so he may also be deemed to own such shares.

(b) Eduardo individually has the sole power to vote 318,086 shares of Common Stock and dispose of 318,086 shares of Common Stock held directly. Julio individually has the sole power to vote 307,218 shares of Common Stock and dispose of 307,218 shares of Common Stock held by Ballo. As the 80% owner of Ballo, Julio makes all voting and investment decisions regarding investments. Fernando individually has the sole power to vote 148,086 shares of Common Stock and dispose of 148,086 shares of Common Stock held by Dario. As the 100% owner of Dario, Fernando makes all voting and investment decisions regarding investments.

(c) The Reporting Persons have effected the following transactions in the shares of the Company’s Common Stock during the past 60 days:

Eduardo made the following sale, through ordinary brokerage transactions, during the past 60 days and did not make any purchases:

Telesan made the following sales, through ordinary brokerage transactions, during the past 60 days and did not make any purchases:

Ballo made the following sales, through ordinary brokerage transactions, during the past 60 days and did not make any purchases:

Dario made the following sales, through ordinary brokerage transactions, during the past 60 days and did not make any purchases:

(e) The Reporting Persons ceased to be beneficial owners of 5% or more of the Company’s Common Stock on March 1, 2012.

The filing of this Schedule 13D shall not be construed as an admission that the Reporting persons are, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13D.

Item 7. Material to Be Filed as Exhibits

Exhibit 99.1 - Joint Filing Agreement dated as of October 11, 2011 by and among Eduardo Baviera Sabater, Julio Baviera Sabater, Fernando Llovet Osuna, Inversiones Telesan BV, Investment Ballo Holding BV, and Inversiones DARIO 3 BV.

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.

Dated: March 19, 2012

EXHIBIT 99.1

Joint Filing Agreement

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing of a statement on Schedule 13D (including amendments thereto) with respect to the shares of common stock, par value $0.001 per share, of LCA-Vision Inc., a corporation organized and existing under the laws of Delaware, and further agree that this Joint Filing Agreement be included as an exhibit to such filings provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other person making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be executed in any number of counterparts, all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement as of October 11, 2011.