-----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, Bi2dwi/ylLCdSD14qKT1JGbWjqHGOgISIF420ybrPhkl3VQgjA898qRuKlscMtbL 7FgGDD3odEbvosvSnHf9LQ== 0001047469-97-007227.txt : 19971211 0001047469-97-007227.hdr.sgml : 19971211 ACCESSION NUMBER: 0001047469-97-007227 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971210 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AUTOTOTE CORP CENTRAL INDEX KEY: 0000750004 STANDARD INDUSTRIAL CLASSIFICATION: CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578] IRS NUMBER: 810422894 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-36154 FILM NUMBER: 97735138 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE CITY: NEWARK STATE: DE ZIP: 19714 BUSINESS PHONE: 3027374300 MAIL ADDRESS: STREET 1: 100 BELLEVUE ROAD CITY: NEWARK STATE: NJ ZIP: 19714 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TOTE INC DATE OF NAME CHANGE: 19920317 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OAKTREE CAPITAL MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0000943457 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954521152 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 550 S HOPE STREET STREET 2: 22ND FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 2136140900 MAIL ADDRESS: STREET 1: 550 SOUTH HOPE ST STREET 2: 22ND FL CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: OAKTREE CAPITAL MANAGEMENT LLC /ADV DATE OF NAME CHANGE: 19970210 SC 13G/A 1 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* ------ AUTOTOTE CORPORATION ---------------------------------- (Name of Issuer) CLASS A COMMON STOCK, $.01 PAR VALUE ------------------------------------ (Title of Class of Securities) 053323 10 1 ---------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement / /. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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 the disclosures provided in a prior page. The information required in 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). (Continued on following page(s)) Page 1 of 5 Pages CUSIP No. 053323 10 1 13G Page 2 of 5 Pages ----------- --- --- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Oaktree Capital Management, LLC** - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /x/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Beneficially Power 3,763,300 Owned by -------------------------------------------------- Each Reporting (6) Shared Voting Person With Power 0 -------------------------------------------------- (7) Sole Dispositive Power 3,763,300 -------------------------------------------------- (8) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 3,763,300 - ------------------------------------------------------------------------------- (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* - ------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 10.1% - ------------------------------------------------------------------------------- (12) Type of Reporting Person* IA; CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! **Oaktree Capital Management, LLC, a California limited liability company ("Oaktree"), is filing in its capacity (i) as the General Partner of the OCM Opportunities Fund, L.P., a Delaware limited partnership, and (ii) as investment manager of a certain third party account which invests in similar securities as the OCM Opportunities Fund, L.P., which together may be deemed to be the beneficial owners of 3,763,300 shares of the Issuer's Class A Common Stock, $.01 par value ("Common Stock") (which represents approximately 10.1% of the outstanding shares of the Issuer's Common Stock) based on their ownership of the Issuer's 5 1/2% Convertible Subordinated Debentures (the "Debentures"). Page 3 of 5 Pages --- --- ITEM 1(A). NAME OF ISSUER Autotote Corporation - ------------------------------------------------------------------------------- ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 750 Lexington Avenue, 25th Floor, New York, NY 10022 - ------------------------------------------------------------------------------- ITEM 2(A). NAME OF PERSON(S) FILING Oaktree Capital Management, LLC - ------------------------------------------------------------------------------- ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE 550 S. Hope Street, 22nd Floor, Los Angeles, CA 90017 - ------------------------------------------------------------------------------- ITEM 2(C). CITIZENSHIP California - ------------------------------------------------------------------------------- ITEM 2(D). TITLE OF CLASS OF SECURITIES Class A Common Stock, $.01 par value - ------------------------------------------------------------------------------- ITEM 2(E). CUSIP NUMBER 053323 10 1 - ------------------------------------------------------------------------------- ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 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 Rule 13d-1(b)(1)(ii)(F) (g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G) (Note: See Item 7) (h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H) Page 4 of 5 Pages --- --- ITEM 4. OWNERSHIP * (a) Amount Beneficially Owned: 3,763,300 --------------------------------------------------------------------------- (b) Percent of Class: 5.81% --------------------------------------------------------------------------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 3,763,300 ----------------------------------------------------------------- (ii) shared power to vote or to direct the vote 0 ----------------------------------------------------------------- (iii) sole power to dispose or to direct the disposition of 3,763,300 ----------------------------------------------------------------- (iv) shared power to dispose or to direct the disposition of 0 ----------------------------------------------------------------- * The filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any securities covered by this Schedule 13G. In addition, the filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934. 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 As of the date of this Schedule 13G, Oaktree, in its capacity (i) as the General Partner of the OCM Opportunities Fund, L.P., a Delaware limited partnership, and (ii) as investment manager of a certain third party account which invests in similar securities as the OCM Opportunities Fund, L.P., may be deemed to beneficially own 3,763,300 shares of the Issuer's Common Stock (which represents approximately 10.1% of the outstanding shares of the Issuer's Common Stock) based on the ownership by the OCM Opportunities Fund, L.P. and such third party account of the Issuer's Debentures. Certain unaffiliated third-party holders of participation interests in the Issuer's Debentures which are held by the reporting person may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds of the sale of shares of the Issuer's Common Stock. No such participation interest relates to more than five percent of the Issuer's outstanding Common Stock. - ------------------------------------------------------------------------------- ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable - ------------------------------------------------------------------------------- ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable - ------------------------------------------------------------------------------- ITEM 9. NOTICE OF DISSOLUTION OF GROUP 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. December 10, 1997 ---------------------------------------- (Date) /s/ D. Richard Masson ---------------------------------------- (Signature) D. Richard Masson, Principal ---------------------------------------- (Name/Title) -----END PRIVACY-ENHANCED MESSAGE-----