0001354488-13-000002.txt : 20130102 0001354488-13-000002.hdr.sgml : 20130101 20130102070517 ACCESSION NUMBER: 0001354488-13-000002 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130102 DATE AS OF CHANGE: 20130102 GROUP MEMBERS: CONNIE BECKETT IRA GROUP MEMBERS: HAYLEY J BECKETT & JEFFREY R BECKETT JT TEN GROUP MEMBERS: JEFF BECKETT GROUP MEMBERS: JEFF BECKETT IRA GROUP MEMBERS: JEFFREY R BECKETT AS CUSTODIAN FOR JAIMEE CAROLYN BECKETT UT GROUP MEMBERS: JEFFREY R BECKETT AS CUSTODIAN FOR MACKENZIE RUNNOE BECKETT FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Beckett Jeffrey R CENTRAL INDEX KEY: 0001506322 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 380 NORTH OLD WOODWARD STREET 2: SUITE 300 CITY: BIRMINGHAM STATE: MI ZIP: 48009 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LL&E ROYALTY TRUST CENTRAL INDEX KEY: 0000721765 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 766007940 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34437 FILM NUMBER: 13500170 BUSINESS ADDRESS: STREET 1: JAMES E. BARLETT, TRUSTEE STREET 2: 5082 EAST HAMPDEN AVENUE, SUITE 148 CITY: DENVER STATE: CO ZIP: 80222 BUSINESS PHONE: 303-789-5959 MAIL ADDRESS: STREET 1: JAMES E. BARLETT, TRUSTEE STREET 2: 5082 EAST HAMPDEN AVENUE, SUITE 148 CITY: DENVER STATE: CO ZIP: 80222 SC 13D/A 1 llet_13da.htm AMENDMENT NO. 7 llet_13da.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 7)*

LL & E ROYALTY TRUST
(Name of Issuer)

UNITS OF BENEFICIAL OWNERSHIP
(Title of Class of Securities)

502003106
(CUSIP Number)
 
JEFFREY R. BECKETT
380 NORTH OLD WOODWARD
SUITE 300
BIRMINGHAM, MI, 48009
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

DECEMBER 21, 2012
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. þ
 
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
(Continued on following pages)

(Page 1 of 10 Pages)
———————
* 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 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).
 
 
 
 
 CUSIP No. 502003106    13D/A  Page 2 of 10 Pages
                                 
1
 
 
 
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
JEFF BECKETT
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  o
 
(b)  o
   
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
  o
   
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
US
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
3,822,297
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
4,307,160
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
 
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,160
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  o
   
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
22.68%
14
 
 
TYPE OF REPORTING PERSON
 
INDIVIDUAL

 
 
 

 CUSIP No. 502003106    13D/A  Page 3 of 10 Pages
 
1
 
 
 
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Hayley J Beckett & Jeffrey R Beckett  JT Ten
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  o
 
(b)  o
   
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
  o
   
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH  
7
SOLE VOTING POWER
 
159,900
8
SHARED VOTING POWER
 
4,307,160
9
SOLE DISPOSITIVE POWER
 
 
10
SHARED DISPOSITIVE POWER
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,160
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  o
   
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
22.68%
14
 
 
TYPE OF REPORTING PERSON
 
INDIVIDUAL
 
 
 
 

 CUSIP No. 502003106   13D/A Page 4 of 10 Pages
 
1
 
 
 
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Jeffrey R Beckett As Custodian for Jaimee Carolyn Beckett UTMA Mi
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  o
 
(b)  o
   
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
  o
   
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
132,400
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
4,307,160
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
 
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,160
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  o
   
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
22.68%
14
 
 
TYPE OF REPORTING PERSON
 
INDIVIDUAL
 
 
 
 

 CUSIP No. 502003106  13D/A Page 5 of 10 Pages
 
1
 
 
 
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Jeffrey R Beckett As Custodian for Mackenzie Runnoe Beckett UTMA Mi
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  o
 
(b)  o
   
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
  o
   
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
132,400
8
SHARED VOTING POWER
 
4,307,160
9
SOLE DISPOSITIVE POWER
 
 
10
SHARED DISPOSITIVE POWER
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,160
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  o
   
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
22.68%
14
 
 
TYPE OF REPORTING PERSON
 
INDIVIDUAL
 
 
 
 
 

 CUSIP No. 502003106  13D/A Page 6 of 10 Pages
 
1
 
 
 
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
JEFF BECKETT IRA
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  o
 
(b)  o
   
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
  o
   
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
33,619
8
SHARED VOTING POWER
 
4,307,160
9
SOLE DISPOSITIVE POWER
 
 
10
SHARED DISPOSITIVE POWER
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,160
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  o
   
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
22.68%
14
 
 
TYPE OF REPORTING PERSON
 
INDIVIDUAL
 
 
 
 
 
 
 
 CUSIP No. 502003106   13D/A Page 7 of 10 Pages
 
1
 
 
 
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
CONNIE BECKETT IRA
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)  o
 
(b)  o
   
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
  o
   
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
26,544
8
SHARED VOTING POWER
 
4,307,160
9
SOLE DISPOSITIVE POWER
 
 
10
SHARED DISPOSITIVE POWER
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,160
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  o
   
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
22.68%
14
 
 
TYPE OF REPORTING PERSON
 
INDIVIDUAL
 
 
 
 
 
 
 CUSIP No. 502003106   13D/A Page 8 of 10 Pages
 
 
ITEM 1.
SECURITY AND ISSUER.

UNITS OF BENEFICIAL INTEREST IN LL&E ROYALTY TRUST

ITEM 2.
IDENTITY AND BACKGROUND.

THIS STATEMENT IS BEING FILED BY JEFFREY BECKETT, A US CITIZEN. HIS PRINCIPAL OCCUPATION IS retired investor/marketing consultant. HE RESIDES AT 380 North Old Woodward, Suite 300, Birmingham, MI, 48009.
 
During the last five years, the Reporting Person has not been convicted in any criminal proceeding (excluding traffic violations and similar misdemeanors), and has not been a party to any civil proceeding of a judicial or administrative  body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining him of future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.

ITEM 3.
SOURCE OR AMOUNT OF FUNDS OR OTHER CONSIDERATION.

THE REPORTING PERSON used his own funds from savings and investment accounts to purchase the units of  the issuer, these funds total $3.8M none of the funds were borrowed.

ITEM 4.
PURPOSE OF THE TRANSACTION.

The Reporting Person acquired the shares for investment purposes.  As the actions of the issuer became more apparent, the Reporting Person commenced an action (Exhibit 1) to protect his investment.  
 
ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER.

A) The Reporting Person collectively (Exhibit 2) holds 4,307,160 units of the issuer representing 22.68% of the issued and outstanding.
B) The Reporting Person has the sole power to vote or direct the vote for these shares in  their entirety.
C) There were no transactions in the last 60 days.
 
 
 
 
 
 CUSIP No. 502003106   13D/A Page 9 of 10 Pages
 
ITEM 6.
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

None other than a settlement agreement entered into between the Issuer and Beckett (Exhibit 3). Beckett has had discussions with other unit holders but there are no agreements or understandings with them which would constitute group.
 
ITEM 7.
MATERIAL TO BE FILED AS EXHIBITS.
 
Exhibit 3 - Settlement agreement and complaint (incorporated by reference to Exhibit 3 filed with Amendment No. 2)
 
 
 
 
 
 CUSIP No. 502003106   13D/A Page 10 of 10 Pages
 
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: November 23, 2012
 
       
   
By:
/s/ Jeffrey R. Beckett
     
Jeffrey Beckett

       
   
By:
/s/ Jeffrey R. Beckett
     
Hayley J Beckett & Jeffrey R Beckett  JT Ten

       
   
By:
/s/ Jeffrey R. Beckett
     
Jeffrey R Beckett As Custodian for
Jaimee Carolyn Beckett UTMA Mi

       
   
By:
/s/ Jeffrey R. Beckett
     
Jeffrey R Beckett As Custodian for
Mackenzie Runnoe Beckett UTMA Mi
 
       
   
By:
/s/ Jeffrey R. Beckett
     
Jeffrey R Beckett IRA
 
       
   
By:
/s/ Jeffrey R. Beckett
     
Connie Beckett IRA