-----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, LnEd1vgjVHl3xZn4Y6aMikalkcIzJkTuIBw4Z9IpMAVjkwmV8IbPmML3N45/LCqQ kf2PNjLZeWzs6Rw6Zq9ALw== 0000950133-97-003154.txt : 19970912 0000950133-97-003154.hdr.sgml : 19970912 ACCESSION NUMBER: 0000950133-97-003154 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970904 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACCEPTANCE INSURANCE COMPANIES INC CENTRAL INDEX KEY: 0000074783 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 310742926 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-19421 FILM NUMBER: 97675465 BUSINESS ADDRESS: STREET 1: 222 S 15TH ST STREET 2: STE 600 N CITY: OMAHA STATE: NE ZIP: 68102 BUSINESS PHONE: 402-344-88 MAIL ADDRESS: STREET 1: 222 SOUTH 15TH STREET STREET 2: 222 SOUTH 15TH STREET CITY: OMAHA STATE: NE ZIP: 68102 FORMER COMPANY: FORMER CONFORMED NAME: STONERIDGE RESOURCES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ORANGE CO INC DATE OF NAME CHANGE: 19870506 FORMER COMPANY: FORMER CONFORMED NAME: NFF CORP DATE OF NAME CHANGE: 19730919 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OAK VALUE CAPITAL MANAGEMENT INC/NC CENTRAL INDEX KEY: 0000936699 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: UNIVERSITY TOWER STREET 2: 3100 TOWER BLVD STE 800 CITY: DURHAM STATE: NC ZIP: 27707 BUSINESS PHONE: 9194191900 MAIL ADDRESS: STREET 1: UNIVERSITY TOWER STREET 2: 3100 TOWER BLVD STE 800 CITY: DURHAM STATE: NC ZIP: 27707 SC 13G/A 1 SCHEDULE 13G, AMENDMENT NO. 1 1 --------------------------- UNITED STATES OMB APPROVAL SECURITIES AND EXCHANGE COMMISSION --------------------------- WASHINGTON, D.C. 20549 OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response 14.00 --------------------------- SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1 )* ACCEPTANCE INSURANCE COMPANIES, INC. - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - ------------------------------------------------------------------------------- (Title of Class of Securities) 004308102 - ------------------------------------------------------------------------------- (CUSIP Number) *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). PAGE 1 OF 4 PAGES ----- ----- 2
CUSIP NO. 004308102 13G PAGE 2 OF 4 PAGES --------------------------- ---- ------ - --------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Oak Value Capital Management, Inc. 56-1764262 - --------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - --------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OR ORGANIZATION North Carolina, U.S.A. - --------------------------------------------------------------------------------------------------------------------- SOLE VOTING POWER 5 143,018 --------------------------------------------------------------------------------------------- NUMBER OF SHARED VOTING POWER SHARES 6 BENEFICIALLY OWNED BY --------------------------------------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER REPORTING 7 154,018 PERSON WITH --------------------------------------------------------------------------------------------- SHARED DISPOSITIVE POWER 8 - --------------------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,018 - --------------------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - --------------------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.00% - --------------------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA, CO - ---------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 2 OF 4 PAGES ----- ----- 3 SCHEDULE 13G ITEM 1. (a) Name of Issuer Acceptance Insurance Companies, Inc. (b) Address of Issuer's Principal Executive Offices 222 South 15th Street, Suite 600 North Omaha, NE 68102 ITEM 2. (a) Name of Person Filing Oak Value Capital Management, Inc. (b) Address of Principal Business Office or, if none, Residence 3100 Tower Boulevard, Suite 800, Durham, North Carolina 27707 (c) Citizenship North Carolina, U.S.A. (d) Title of Class of Securities Common Stock (e) CUSIP Number 004308102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [x] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(ii)(F). (g) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H) ITEM 4. OWNERSHIP If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire. (a) Amount Benficially Owned 154,018 (b) Percent of Class 1.00% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 143,018 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 154,018 (iv) shared power to dispose or to direct the disposition of 0
Instruction: For computations regarding securities which represent a right to acquire an underlying security see Rule 1dd-3(d)(1). PAGE 3 OF 4 PAGES ----- ----- 4 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [x]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY If a parent holding company has filed this schedule pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the identification of the relevant subsidiary. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so indicate under Item 3(h) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the identity of each member of the group. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not applicable. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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 as of August 31, 1997 and signed on September 3, 1997 ----------------------------------------------------- /s/ Margaret C. Landis ----------------------------------------------------- Signature Margaret C. Landis Vice President and Director of Investment Operations ----------------------------------------------------- Name/Title PAGE 4 OF 4 PAGES ----- ----- EX-1 2 ORIGINAL SCHEDULE 13G 1 EXHIBIT 1 --------------------------- UNITED STATES OMB APPROVAL SECURITIES AND EXCHANGE COMMISSION --------------------------- WASHINGTON, D.C. 20549 OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response 14.00 --------------------------- SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* ACCEPTANCE INSURANCE COMPANIES, INC. - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - ------------------------------------------------------------------------------- (Title of Class of Securities) 004308102 - ------------------------------------------------------------------------------- (CUSIP Number) *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). PAGE 1 OF 4 PAGES ----- ----- 2
CUSIP NO. 004308102 13G PAGE 2 OF 4 PAGES --------------------------- ---- ------ - --------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Oak Value Capital Management, Inc. 56-1764262 - --------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - --------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OR ORGANIZATION North Carolina, U.S.A. - --------------------------------------------------------------------------------------------------------------------- SOLE VOTING POWER 5 1,322,693 --------------------------------------------------------------------------------------------- NUMBER OF SHARED VOTING POWER SHARES 6 BENEFICIALLY OWNED BY --------------------------------------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER REPORTING 7 1,540,218 PERSON WITH --------------------------------------------------------------------------------------------- SHARED DISPOSITIVE POWER 8 - --------------------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,540,218 - --------------------------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - --------------------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.09% - --------------------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 2 OF 4 PAGES ----- ----- 3 SCHEDULE 13G ITEM 1. (a) Name of Issuer Acceptance Insurance Companies, Inc. (b) Address of Issuer's Principal Executive Offices 222 South 15th Street, Suite 600 North Omaha, NE 68102 ITEM 2. (a) Name of Person Filing Oak Value Capital Management, Inc. (b) Address of Principal Business Office or, if none, Residence 3100 Tower Boulevard, Suite 800, Durham, North Carolina 27707 (c) Citizenship North Carolina, U.S.A. (d) Title of Class of Securities Common Stock (e) CUSIP Number 004308102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [x] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(ii)(F). (g) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H) ITEM 4. OWNERSHIP If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire. (a) Amount Benficially Owned 1,540,218 (b) Percent of Class 10.09% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,322,693 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 1,540,218 (iv) shared power to dispose or to direct the disposition of 0
Instruction: For computations regarding securities which represent a right to acquire an underlying security see Rule 1dd-3(d)(1). PAGE 3 OF 4 PAGES ----- ----- 4 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY If a parent holding company has filed this schedule pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the identification of the relevant subsidiary. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so indicate under Item 3(h) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the identity of each member of the group. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not applicable. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. February 7, 1997 ----------------------------------------------------- /s/ David Richard Carr, Jr. ----------------------------------------------------- Signature David Richard Carr, Jr., President Chief Investment Officer, Director ----------------------------------------------------- Name/Title PAGE 4 OF 4 PAGES ----- ----- -----END PRIVACY-ENHANCED MESSAGE-----