-----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, C0j82k/FNP9MuQTEpPTxeutOPtyPIrslBg9vIzXMn6OdClsq1f3xJpecGWGJhOHC CznliQDWvIHDCvD9igD6ng== 0001006438-01-000008.txt : 20010326 0001006438-01-000008.hdr.sgml : 20010326 ACCESSION NUMBER: 0001006438-01-000008 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010323 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LTC PROPERTIES INC CENTRAL INDEX KEY: 0000887905 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 710720518 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-42634 FILM NUMBER: 1577469 BUSINESS ADDRESS: STREET 1: 300 ESPLANADE DR STE 1860 CITY: OXNARD STATE: CA ZIP: 93030 BUSINESS PHONE: 8059818655 MAIL ADDRESS: STREET 1: 300 ESPLANADE DR SUITE 1860 STREET 2: 300 ESPLANADE DR SUITE 1860 CITY: OXNARD STATE: CA ZIP: 93030 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APPALOOSA MANAGEMENT LP CENTRAL INDEX KEY: 0001006438 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 223220835 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 26 MAIN ST STREET 2: 1ST FLOOR CITY: CHATHAM STATE: NJ ZIP: 07928 BUSINESS PHONE: 2013765400 MAIL ADDRESS: STREET 1: 26 MAIN ST STREET 2: 1ST FLOOR CITY: CHATAM STATE: NJ ZIP: 07928 SC 13G 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTSTHERETO FILED PURSUANT TO RULE 13d-2(b) LTC PROPERTIES INC (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securities) 502175102 (CUSIP Number) MARCH 19, 2001 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) x Rule 13d-1(c) Rule 13d-1(d) The information required in the remainder of this cover page shall not be deemed to be Afiled@ for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwisesubject to the liabilities of that Section of the Act but shall be subject to all otherprovisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP No. 502175102 Page 2 of 6 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Appaloosa Management L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of Amercia NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,420,400 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 1,420,400 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,420,400 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* X 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.45% 12 TYPE OF REPORTING PERSON PN** *SEE INSTRUCTIONS BEFORE FILLING OUT! **See Item 4. SCHEDULE 13G CUSIP No. 502175102 Page 3 of 6 Pages 13 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON David A. Tepper 14 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) x (b) 15 SEC USE ONLY 16 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 17 SOLE VOTING POWER 1,420,400 18 SHARED VOTING POWER 0 19 SOLE DISPOSITIVE POWER 1,420,400 20 SHARED DISPOSITIVE POWER 0 21 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,420,400 22 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* x 23 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.45% 24 TYPE OF REPORTING PERSON IN** *SEE INSTRUCTIONS BEFORE FILLING OUT! **See Item 4. Item 1(a). Name of Issuer: LTC Properties, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 300 Esplanade Drive, Suite 1860 Oxnard, California 93030 Item 2(a). Name of Person Filing: Appaloosa Management L.P. and David A. Tepper Item 2(b). Address of Principal Business Office or, if None, Residence: Appaloosa Management L.P., 26 Main Street, Chatham, New Jersey 07928 David A. Tepper, c/o Appaloosa Management L.P., 26 Main Street, Chatham, New Jersey 07928 Item 2(c). Citizenship: Appaloosa Management L.P. - Delaware David A. Tepper - United States of America Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value Item 2(e). CUSIP Number: 502175102 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A: Not applicable. This statement is filed pursuant to 13d-1(c). Item 4. OWNERSHIP: (a) 1,420,400 (b) 5.45% (c) (i) sole voting power: 1,420,400 (ii) shared voting power: 0 (iii) sole dispositive power: 1,420,400 (iv) shared dispositive power: 0 *Appaloosa Management L.P. ("AMLP") is the general partner of Appaloosa Investment Limited Partnership I, the investment advisor to Palomino Fund Ltd., which are the holders of record of the reported securities(756,079 and 664,321 shares, respectively). David A.Tepper ("DAT") is the sole stockholder and president of Appaloosa Partners Inc. ("API"). Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: Persons other than David A. Tepper and Appaloosa Management L.P. have the right to receive dividends from, or the proceeds from the sale of, the reported securities. None of these persons has the right to direct such dividends or proceeds. 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 we certify that, to the best of our knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held inconnection with or as a participant in any transaction having that purposes or effect. SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. March 22, 2001 APPALOOSA MANAGEMENT L.P. By: Appaloosa Partners Inc. Its: General Partner By: /s/ David A. Tepper David A. Tepper President DAVID A. TEPPER /s/ David A. Tepper Exhibit Index Exhibit 99.1 - Joint Filing Agreement EXHIBIT 99.1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons or entities named below each hereby agrees that the Schedule 13G filed herewith and any amendments thereto relating to the acquisition of Common Stock of Abraxas Petroleum Corporation is filed jointly on behalf of each such person; provided, however, each person or entity named below is not responsible for the completeness or accuracy of the information concerning the other persons or entities filing the Schedule 13G. dated: March 22, 2001 APPALOOSA MANAGEMENT L.P. By: Appaloosa Partners Inc. Its: General Partner By: /s/ David A. Tepper David A. Tepper President DAVID A. TEPPER /s/ David A. Tepper NYC01:53990.1 Page 6 of 6 NYC01:53990.1 NYC01:53990.1 -----END PRIVACY-ENHANCED MESSAGE-----