SEC Info - Lincolnshire Associates Ltd, et al. - ‘SC 13D’ on 8/30/99 re: Onyx Acceptance Corp

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Lincolnshire Associates Ltd, et al. – ‘SC 13D’ on 8/30/99 re: Onyx Acceptance Corp

On: Monday, 8/30/99 · Accession #: 889812-99-2607 · File #: 5-46565

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/30/99  Lincolnshire Associates Ltd       SC 13D                 1:36K  Onyx Acceptance Corp              Global Fin’l Press/NY/FA
          Consolidated Electrical Distributors, Inc.
          Edmundson International, Inc.
          Electrical Distributors, Inc.
          Employees’ Retirement Plan of Consolidated
          Galashiels Fund, Ltd.
          Keith W. Colburn
          Keith W. Colburn Retirement Plan
          Keith W. Colburn Trust
          Lincolnshire Associates Ltd
          Portshire Corp.

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership             29     84K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Identity and Background Interest in Securities of the Issuer Material to be Filed as Exhibits Portshire Corp Purpose of Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
3	Portshire Corp
11	Item 1:. Security and Issuer
"	Item 2:. Identity and Background
14	Item 3:. Source and Amount of Funds or Other Consideration
15	Item 4:. Purpose of Transaction
"	Item 5:. Interest in Securities of the Issuer
19	Item 6:. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
20	Item 7:. Material to be Filed as Exhibits

SC 13D 1st Page of 29 TOC ↑Top Previous Next ↓Bottom Just 1st
 
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  

SCHEDULE 13D  

Onyx Acceptance Corporation 

COMMON STOCK, par value $0.01 

682914106 

Pamela B. Johnson, Esq., P. O. Box 5041, Thousand Oaks, CA 91359  
(818) 597-3754  

8/05/99 

SC 13D 2nd Page of 29 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Lincolnshire Associates, Ltd.                                         

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/

3.   SEC Use Only                                                               

4.   Source of Funds                                                            

WC                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

Texas                                                                 

7.   Sole Voting Power        
-0-                 
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
90,000              
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
-0-                 
With                                                                  
10.  Shared Dispositive Power 

90,000              

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

90,000                                                      

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

1.46%                                                       

14.  Type of Reporting Person                                                   

PN                                                          

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CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Portshire Corp.                                                       

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/
3.   SEC Use Only                                                               

4.   Source of Funds                                                            

AF                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

Texas                                                                 

7.   Sole Voting Power        

-0-                 
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
90,000              
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
-0-                 
With                                                                  
10.  Shared Dispositive Power 

90,000              

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

90,000                                                      

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

1.46%                                                       

14.  Type of Reporting Person                                                   

CO                                                          

SC 13D 4th Page of 29 TOC 1st Previous Next ↓Bottom Just 4th
CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Edmundson International, Inc.                                         

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/
3.   SEC Use Only                                                               

4.   Source of Funds                                                            

AF                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

California                                                            

7.   Sole Voting Power        

-0-                 
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
90,000              
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
-0-                 
With                                                                  
10.  Shared Dispositive Power 

90,000              

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

90,000                                                      

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

1.46%                                                                 

14.  Type of Reporting Person                                                   

CO                                                                    

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CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Consolidated Electrical Distributors, Inc.                            

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/
3.   SEC Use Only                                                               

4.   Source of Funds                                                            

AF                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

Delaware                                                              

7.   Sole Voting Power        

-0-                 
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
90,000              
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
-0-                 
With                                                                  
10.  Shared Dispositive Power 

90,000              

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

90,000                                                      

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

1.46%                                                       

14.  Type of Reporting Person                                                   

CO                                                          

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CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

  Employees' Retirement Plan of Consolidated Electrical Distributors, Inc.

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/
3.   SEC Use Only                                                               

4.   Source of Funds                                                            

WC                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

California                                                            

7.   Sole Voting Power        

214,500             
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
-0-                 
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
214,500             
With                                                                  
10.  Shared Dispositive Power 

-0-                 

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

214,500                                                     

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

3.48%                                                       

14.  Type of Reporting Person                                                   

EP                                                          

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CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Galashiels Fund, Ltd.                                                 

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/

3.   SEC Use Only                                                               

4.   Source of Funds                                                            

WC                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

Illinois                                                              

7.   Sole Voting Power        

40,000              
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
-0-                 
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
40,000              
With                                                                  
10.  Shared Dispositive Power 

-0-                 

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

40,000                                                      

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

.65%                                                        

14.  Type of Reporting Person                                                   

CO                                                          

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CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Keith W. Colburn Retirement Plan                                      

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/

3.   SEC Use Only                                                               

4.   Source of Funds                                                            

WC                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

Illinois                                                              

7.   Sole Voting Power        

-0-                 
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
4,500               
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
-0-                 
With                                                                  
10.  Shared Dispositive Power 

4,500               

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

4,500                                                       

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

.07%                                                        

14.  Type of Reporting Person                                                   

EP                                                          

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CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Keith W. Colburn Trust                                                

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/

3.   SEC Use Only                                                               

4.   Source of Funds                                                            

WC                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

Illinois                                                              

7.   Sole Voting Power        

-0-                 
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
4,500               
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
-0-                 
With                                                                  
10.  Shared Dispositive Power 

4,500               

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

4,500                                                       

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

.07%                                                        

14.  Type of Reporting Person                                                   

OO                                                          

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CUSIP NO. 682914106                SCHEDULE 13D            OMB Number: 3235-0145

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

Keith W. Colburn                                                      

2.   Check the Appropriate Box if a Member of a Group         (a) / /           
                                                   (b) /X/

3.   SEC Use Only                                                               

4.   Source of Funds                                                            

PC                                                                    

5.   Check Box if Disclosure of Legal Proceedings is Required                   
Pursuant to Items 2(d) or 2(e)                               / /      

6.   Citizenship or Place of Organization                                       

Illinois                                                              

7.   Sole Voting Power        

-0-                 
Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
4,500               
Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
-0-                 
With                                                                  
10.  Shared Dispositive Power 

4,500               

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

4,500                                                       

12.  Check Box if the Aggregate Amount in Row 11                                
Excludes Certain Shares                                      / /      

13.  Percent of Class Represented by Amount in Row 11                           

.07%                                                        

14.  Type of Reporting Person                                                   

IN                                                          

SC 13D 11th Page of 29 TOC 1st Previous Next ↓Bottom Just 11th
CUSIP NO. 682914106                   13D                                1 OF 19

INTRODUCTION  

    Lincolnshire Associates, Ltd., a Texas limited partnership, hereby
files this Statement on Schedule 13D (the "Statement") on behalf of the         
Reporting Persons identified in Item 2 below pursuant to the Agreement With     
Respect to Schedule 13D attached hereto as Exhibit 7(1).                        

Item 1:  Security and Issuer.                                 

       The class of equity securities to which this Statement relates is the
common stock, $0.01 par value (the "Common Stock"), of Onyx Acceptance          
Corporation (the "Issuer"), a corporation incorporated under the laws of        
California, whose principal executive offices are located at 27051 Towne        
Centre Drive, Foothill Ranch, CA 92610.                                         

Item 2:  Identity and Background.                             

       This Statement is filed on behalf of Lincolnshire Associates, Ltd., a
Texas limited partnership ("Lincolnshire"), Portshire Corp., a Texas            
corporation ("Portshire Corp."), Edmundson International, Inc., a California    
corporation ("Edmundson International"), Consolidated Electrical Distributors,  
Inc., a Delaware corporation ("CED"), Employees' Retirement Plan of             
Consolidated Electrical Distributors, Inc., a defined benefit plan ("CED        
Pension Plan"), Galashiels Fund, Ltd., an Illinois nonprofit corporation        
("Galashiels"), Keith W. Colburn Retirement Plan ("Colburn KEOGH"), Keith W.    
Colburn Trust, under Declaration of Trust, dated February 16, 1978 ("Colburn    
Trust"), and Keith W. Colburn, an individual resident of Illinois ("Colburn")   
(collectively, the "Reporting Persons").                                        

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CUSIP NO. 682914106                   13D                                2 OF 19

a.       Lincolnshire.                                        
The principal executive offices of Lincolnshire Associates are
located at 2550 Midway Road, Suite 220, Carrollton, Texas 75006, c/o Portshire  
Corp. Lincolnshire Associates is a Texas limited partnership formed for the     
purpose of making investments.                                                  

b.       Portshire Corp.                                      
   The principal executive offices of Portshire Corp. are located at
2550 Midway Road, Suite 220, Carrollton, Texas 75006. Portshire Corp. is a      
Texas corporation. Portshire Corp. is wholly owned by Edmundson International   
and is the sole general partner of Lincolnshire. Portshire Corp. manages real   
properties and services real estate secured loans. The directors and executive  
officers of Portshire Corp. are set forth in Schedule 1 of this Statement.      

c.       Edmundson International.                             
              The principal executive offices of Edmundson International
are located at 31356 Via Colinas, Westlake Village, California 91362.           
Edmundson International is a California corporation whose principal business    
is the making of investments. The directors and executive officers of           
Edmundson International are set forth in Schedule 2 to this Statement.          
Edmundson International is a wholly owned subsidiary of CED.                    

d.       CED.                                                 
 The principal executive offices of CED are located at 31356 Via
Colinas, Westlake Village, California 91362. CED is a Delaware corporation      
whose principal business is the wholesale                                       

SC 13D 13th Page of 29 TOC 1st Previous Next ↓Bottom Just 13th
CUSIP NO. 682914106                   13D                                3 OF 19

distribution of electrical equipment. The directors and executive officers are  
set forth in Schedule 3 to this Statement.                                      

e.       CED Pension Plan.                                    

    The principal executive Offices of CED Pension Plan are located at
700 S. Flower Street, Los Angeles, California 90071, c/o BNY Western Trust      
Company. CED Pension Plan is a defined benefit plan within the meaning of the   
Employee Retirement Income Security Act of 1974 ("ERISA"). CED Pension Plan is  
organized as a trust under the laws of California.                              

f.       Galashiels.                                          

                The principal executive offices of Galashiels are located at
555 Skokie Blvd., Suite 555, Northbrook, Illinois 60062. Galashiels is an       
Illinois nonprofit corporation formed for the purpose of making investments.    
The directors and executive officers are set forth in Schedule 4 to this        
Statement.                                                                      

g.       Colburn KEOGH.                                       

                The principal executive offices of Colburn KEOGH are located
at Paine Webber, 5 River Drive, Suite 120, Northbrook, Illinois 60062. Colburn  
KEOGH is a retirement plan formed for the purpose of making investments.        

h.       Colburn Trust.                                       

     The principal executive offices of Colburn Trust are located at 555
Skokie Blvd., Suite 555, Northbrook, Illinois 60062. Colburn Trust is           
organized under Declaration of Trust, dated February 16, 1978, and was formed   
for the purpose of making investments.                                          

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CUSIP NO. 682914106                   13D                                4 OF 19

i.       Colburn.                                             

              Colburn's business address is 555 Skokie Blvd., Suite 555,
Northbrook, Illinois 60062. Colburn is an individual resident of Illinois whose 
occupation is business executive.                                               

      During the last five years none of the Reporting Persons, nor any of
their individual directors or executive officers, has been convicted in a       
criminal proceeding (excluding traffic violations or similar misdemeanors) nor  
have any of such persons been a party to a civil proceeding of a judicial or    
administrative body of competent jurisdiction as a result of which such person  
was or is subject to a judgment, decree or final order enjoining 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 and Amount of Funds or Other                  
Consideration.                              

Between August 30, 1997 and December 19, 1997, Lincolnshire   
purchased, in a series of broker-assisted purchases on the open market, 90,000  
shares of the Issuer's Common Stock. The total funds required to complete the   
purchases was $646,962 (inclusive of broker commissions). All funds were        
obtained from Lincolnshire's working capital.                                   

Between August 30, 1997 and August 11, 1999, CED Pension Plan 
purchased, in a series of broker-assisted purchases on the open market,         
214,500 shares of the Issuer's Common Stock. The total funds required to        
complete the purchases was $2,691,392 (inclusive of broker commissions). All    
funds were obtained from CED Pension Plan's general assets.                     

On August 5, 1999, Galashiels purchased, in a broker-assisted 
purchase on the open market, 40,000 shares of the                               

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CUSIP NO. 682914106                   13D                               5 OF 19 

Issuer's Common Stock. The total funds required to complete the purchase was    
$273,688. All funds were obtained from Galashiels' working capital.             

  Between December 23, 1997 and August 4, 1999, the Colburn KEOGH,
Colburn Trust and Colburn purchased a total of 4,500 shares of the Issuer's     
Common Stock. The total funds required to complete the purchases was $33,858.   
All funds were obtained from Colburn's personal funds.                          
A table identifying each purchase is included in Item 5(c).   

Item 4:  Purpose of Transaction.                              

The Reporting Persons acquired the shares of the Common Stock 
reported herein for investment purposes. Consistent with such purposes, the     
Reporting Persons may have discussions with management and other shareholders   
of the Issuer concerning various operational and financial aspects of the       
Issuer's business. The Reporting Persons may, in the future, also have          
discussions with management, directors and other shareholders of the Issuer     
concerning various ways of maximizing long-term shareholder value.              

       Depending on the market conditions and other factors that each of the
Reporting Persons may deem material to its investment decision, each Reporting  
Person may purchase additional shares of the Common Stock in the open market    
or in private transactions. Depending on these same factors, any Reporting      
Person may sell all or a portion of the shares of the Common Stock that it now  
owns or hereafter may acquire on the open market or in private transactions.    

Item 5:  Interest in Securities of the Issuer.                

     (a) and (b) The aggregate number of shares and percentage of Common
Stock of the Issuer (based on the Issuer's report of                            

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CUSIP NO. 682914106                   13D                                6 OF 19

Form 10Q that it had 6,171,034 shares of Common Stock outstanding as of May     
14, 1999) beneficially owned by each person named in Item 2, as well as the     
number of shares of Common Stock as to which such person is deemed to have      
sole power to vote or to direct the vote, shared power to vote or to direct     
the vote, sole power to dispose or to direct the disposition, or shared power   
to dispose or direct the disposition is set forth in the following table.       

                                                        [Enlarge/Download Table]


Reporting Person   No. of    Percentage      Power to Vote          Power to Dispose    
                   Shares     of Class   Shared         Sole       Shared        Sole   
                   Benef.                                                               
                   Owned                                                                
----------------------------------------------------------------------------------------
                                                                                        
Lincolnshire       90,000      1.46%     90,000                    90,000               
----------------------------------------------------------------------------------------
Portshire Corp.    90,000(1)   1.46%     90,000(1)                 90,000(1)            
----------------------------------------------------------------------------------------
Edmundson Int.     90,000(1)   1.46%     90,000(1)                 90,000(1)            
----------------------------------------------------------------------------------------
CED                90,000(1)   1.46%     90,000(1)                 90,000(1)            
----------------------------------------------------------------------------------------
CED Pension Plan  214,500      3.48%                 214,500                    214,500 
----------------------------------------------------------------------------------------
Galashiels         40,000       .65%                  40,000                     40,000 
----------------------------------------------------------------------------------------
Colburn KEOGH       4,500       .07%     4,500                      4,500               
----------------------------------------------------------------------------------------
Colburn Trust       4,500       .07%     4,500                      4,500               
----------------------------------------------------------------------------------------
Colburn             4,500       .07%     4,500                      4,500               
----------------------------------------------------------------------------------------


      The information required by Item 5 with respect to persons with whom
voting or dispositive power is shared is set forth in Item 2. The reporting     
persons collectively own 349,000 shares, representing 5.7% of the total number  
of shares of Common Stock outstanding.                                          

(c) To the best knowledge of the Reporting Persons, no person 
described in paragraph (a) of this Item 5 has effected                          

--------                                                                        
(1) Reports indirect interest in the shares of Common Stock beneficially owned  
by Lincolnshire Associates.                                                     

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CUSIP NO. 682914106                   13D                                7 OF 19

any transaction in the Common Stock of the Issuer during the past 60 days other 
than as set forth in the table below:                                           

                                                                [Download Table]


Date       Purchaser        # Shares        Price       Comm'n        Total Funds
                                                                       Required  
-------------------------------------------------------------------------------- 
                                                                                 

11/3/97  Lincolnshire         10,000       $7.0600                   $   70,600  
-------------------------------------------------------------------------------- 
11/7/97  Lincolnshire         20,000       $7.0600                   $  141,200  
-------------------------------------------------------------------------------- 
11/10/97 Lincolnshire         20,000       $7.0600                   $  141,200  
-------------------------------------------------------------------------------- 
11/18/97 Lincolnshire          5,000       $7.3100                   $   36,550  
-------------------------------------------------------------------------------- 
11/19/97 Lincolnshire          3,000       $7.3100                   $   21,930  
-------------------------------------------------------------------------------- 
12/8/97  Lincolnshire          2,000       $7.2500       $  120      $   14,620  
-------------------------------------------------------------------------------- 
12/15/97 Lincolnshire          5,000       $7.4350                   $   37,175  
-------------------------------------------------------------------------------- 
12/16/97 Lincolnshire         15,000       $7.3725                   $  110,587  
-------------------------------------------------------------------------------- 
12/19/97 Lincolnshire         10,000       $7.3100                   $   73,100  
-------------------------------------------------------------------------------- 
8/30/97  CED Pension                                                             
         Plan                 23,000       $8.6470                   $  198,880  
-------------------------------------------------------------------------------- 
9/18/97  CED Pension                                                             
         Plan                  5,000       $7.5600                   $   37,800  
-------------------------------------------------------------------------------- 
9/19/97  CED Pension                                                             
         Plan                  5,000       $7.6850                   $   38,425  
-------------------------------------------------------------------------------- 
9/22/97  CED Pension                                                             
         Plan                 10,000       $7.5600                   $   75,600  
-------------------------------------------------------------------------------- 
9/23/97  CED Pension                                                             
         Plan                  4,000       $7.4975                   $   29,990  
-------------------------------------------------------------------------------- 
9/25/97  CED Pension                                                             
         Plan                 12,500       $7.4350                   $   92,937  
-------------------------------------------------------------------------------- 
10/1/97  CED Pension                                                             
         Plan                 13,500       $7.4350                   $  100,372  
-------------------------------------------------------------------------------- 
10/6/97  CED Pension                                                             
         Plan                 20,000       $7.1538                   $  143,076  
-------------------------------------------------------------------------------- 
10/7/97  CED Pension                                                             
         Plan                 10,000       $7.0600                   $   70,600  
-------------------------------------------------------------------------------- 
10/10/97 CED Pension                                                             
         Plan                 10,000       $6.9350                   $   69,350  
-------------------------------------------------------------------------------- 
10/15/97 CED Pension                                                             
         Plan                  5,000       $6.9350                   $   34,675  
-------------------------------------------------------------------------------- 
10/16/97 CED Pension                                                             
         Plan                  5,000       $6.9974                   $   34,987  
-------------------------------------------------------------------------------- 
1/16/98  CED Pension                                                             
         Plan                  4,000       $7.6850                   $   30,740  
-------------------------------------------------------------------------------- 
2/23/98  CED Pension                                                             
         Plan                  2,500       $8.9348                   $   22,337  
-------------------------------------------------------------------------------- 
4/22/98  CED Pension                                                             
         Plan                  7,500      $12.4396                   $   93,297  
-------------------------------------------------------------------------------- 
4/23/98  CED Pension                                                             
         Plan                 12,500      $12.6896                   $  158,620  
-------------------------------------------------------------------------------- 
6/10/98  CED Pension                                                             
         Plan                  3,000       $9.6900                   $   29,070  
-------------------------------------------------------------------------------- 
6/10/98  CED Pension                                                             
         Plan                  5,000       $9.6900                   $   48,450  
-------------------------------------------------------------------------------- 
6/10/98  CED Pension                                                             
         Plan                  2,000       $9.6900                   $   19,380  
-------------------------------------------------------------------------------- 


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CUSIP NO. 682914106                   13D                                8 OF 19

                                                                [Download Table]
                                                                                

6/10/98  CED Pension                                                            
         Plan                 2,500          $10.1900                 $   25,475
--------------------------------------------------------------------------------
7/23/98  CED Pension                                                            
         Plan                   500          $10.1900                 $    5,095
--------------------------------------------------------------------------------
7/23/98  CED Pension                                                            
         Plan                 7,000          $10.1900                 $   71,300
--------------------------------------------------------------------------------
8/19/98  CED Pension                                                            
         Plan                 2,500           $7.3148     $  150      $   18,287
--------------------------------------------------------------------------------
8/24/98  CED Pension                                                            
         Plan                   500           $7.3140                 $    3,657
--------------------------------------------------------------------------------
8/24/98  CED Pension                                                            
         Plan                 4,000           $7.3148                 $   29,259
--------------------------------------------------------------------------------
8/24/98  CED Pension                                                            
         Plan                 3,000           $7.3147                 $   21,944
--------------------------------------------------------------------------------
10/16/98 CED Pension                                                            
         Plan                 9,500           $5.3148     $  570      $   50,491
--------------------------------------------------------------------------------
10/16/98 CED Pension                                                            
         Plan                   500           $5.3140     $   30      $    2,657
--------------------------------------------------------------------------------
10/23/98 CED Pension                                                            
         Plan                10,000           $5.5648     $  600      $   55,648
--------------------------------------------------------------------------------
12/14/98 CED Pension                                                            
         Plan                50,000           $5.4600     $3,000      $  273,000
--------------------------------------------------------------------------------
1/5/99   CED Pension                                                            
         Plan                 2,500           $5.6848     $  150      $   14,212
--------------------------------------------------------------------------------
1/12/99  CED Pension                                                            
         Plan                 2,000           $5.6850     $  120      $   11,370
--------------------------------------------------------------------------------
1/14/99  CED Pension                                                            
         Plan                15,000           $5.8100     $  900      $   87,150
--------------------------------------------------------------------------------
1/15/99  CED Pension                                                            
         Plan                20,000           $5.8100     $1,200      $  116,200
--------------------------------------------------------------------------------
1/20/99  CED Pension                                                            
         Plan                 1,500           $5.8100     $   90      $    8,715
--------------------------------------------------------------------------------
1/21/99  CED Pension                                                            
         Plan                 5,000           $5.8100     $  300      $   29,050
--------------------------------------------------------------------------------
1/22/99  CED Pension                                                            
         Plan                 4,000           $5.8100     $  240      $   23,240
--------------------------------------------------------------------------------
3/24/99  CED Pension                                                            
         Plan                 2,500           $5.8724     $  150      $   14,681
--------------------------------------------------------------------------------
3/30/99  CED Pension                                                            
         Plan                 2,500           $5.8724     $  150      $   14,681
--------------------------------------------------------------------------------
4/5/99   CED Pension                                                            
         Plan                 2,000           $5.8725     $  120      $   11,745
--------------------------------------------------------------------------------
4/6/99   CED Pension                                                            
         Plan                 2,000           $5.8725     $  120      $   11,745
--------------------------------------------------------------------------------
4/7/99   CED Pension                                                            
         Plan                31,000           $5.8275     $1,860      $  182,047
--------------------------------------------------------------------------------
4/9/99   CED Pension                                                            
         Plan                 5,000           $5.8724     $  300      $   29,362
--------------------------------------------------------------------------------
4/12/99  CED Pension                                                            
         Plan                 5,000           $5.8724     $  300      $   29,362
--------------------------------------------------------------------------------
4/28/99  CED Pension                                                            
         Plan                 2,000           $7.3100     $  120      $   14,620
--------------------------------------------------------------------------------
6/30/99  CED Pension                                                            
         Plan                 3,000           $7.6850     $  180      $   23,055
--------------------------------------------------------------------------------
8/6/99   CED Pension                                                            
         Plan                 2,000           $6.9350     $  120      $   13,870
--------------------------------------------------------------------------------

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CUSIP NO. 682914106                   13D                               9 OF 19 

                                                                [Download Table]
                                                                                
8/9/99   CED Pension                                                            
         Plan              1,200       $6.9350    $   72         $    8,322     
--------------------------------------------------------------------------------
8/10/99  CED Pension                                                            
         Plan             20,000       $6.7413    $1,200         $  134,826     
--------------------------------------------------------------------------------
8/11/99  CED Pension                                                            
         Plan              4,000       $6.9350    $  240         $   27,740     
--------------------------------------------------------------------------------
8/5/99   Galashiels       40,000       $6.8422                   $  273,688     
--------------------------------------------------------------------------------
12/23/97 Colburn KEOGH     2,000       $7.3614                   $   14,723     
--------------------------------------------------------------------------------
8/4/99   Colburn KEOGH     1,000       $7.6348                   $    7,635     
--------------------------------------------------------------------------------
8/4/99   Colburn Trust     1,000       $7.6348                   $    7,635     
--------------------------------------------------------------------------------
6/22/99  Colburn             500       $7.7298                   $    3,865     
--------------------------------------------------------------------------------
TOTAL                    349,000                                 $3,645,900     
                         -------                                 ----------     


     (d) To the best knowledge of the Reporting Persons, no person other
than the Reporting Persons and their equity owners has the right to receive or  
the power to direct the receipt of dividends from, or the proceeds from the     
sale of, the Common Stock of Issuer.                                            

(e) Not applicable.                                           

Item 6:  Contracts, Arrangements, Understandings or           
   Relationships with Respect to Securities of the
Issuer.                                     

Lincolnshire beneficially owns 90,000 shares of Common Stock. 
Portshire Corp., the general partner of Lincolnshire Associates, is a wholly    
owned subsidiary of Edmundson International. Therefore, Edmundson               
International, through its ownership of Portshire Corp., beneficially owns      
90,000 shares of Common Stock. Edmundson International is itself a wholly       
owned subsidiary of CED. Therefore, CED, through its ownership of Edmundson     
International and indirect ownership of Portshire Corp., beneficially owns      
90,000 shares of Common Stock. Colburn is the beneficiary of the Colburn Trust  
and Colburn KEOGH. Colburn beneficially owns 4,500 shares of Common Stock. A    
committee makes investment decisions for CED Pension Plan. Any two members of   
such committee can make investment decisions for CED Pension Plan. Two of the   
members on CED Pension Plan's investment committee, including Colburn, also     
make investment                                                                 

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CUSIP NO. 682914106                   13D                               10 OF 19

decisions for Lincolnshire and, therefore, indirectly, for                      
Portshire Corp., Edmundson International, and CED.                              

  The directors and executive officers of CED have no agreement or
understanding of any kind with the members of the investment committee of CED   
Pension Plan or with Colburn, Colburn KEOGH or Colburn Trust. However, given    
the overlaps between the individuals involved in investment decisions for CED   
and these same individuals' membership on the investment committee of CED       
Pension Plan, it is possible that these individuals may cause the Reporting     
Persons to act in concert regarding such actions in the future. As such, the    
Reporting Persons, although disclaiming membership in a group, have             
nonetheless filed this Statement on Schedule 13D.                               

Item 7:  Material to be Filed as Exhibits.                    

Exhibit 7(1).  Agreement with Respect to Schedule 13D.        

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CUSIP NO. 682914106                   13D                               11 OF 19

SIGNATURE 

After reasonable inquiry and to the best of the undersigned's 
knowledge and belief, the undersigned certifies that the information set forth  
in this statement is true, complete and correct.                                

Dated:  August 26, 1999                                                         

                                               Lincolnshire Associates, Ltd.
                                         By Its General Partner,
                                 Portshire Corp.

                                           By   /s/ David C. Verbeck
                                         Its      Vice President

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CUSIP NO. 682914106                   13D                               12 OF 19

LIST OF EXHIBITS  

Exhibit No.                         Description                         Page    

7(1)                    Agreement with Respect to                         
Schedule 13D.             

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CUSIP NO. 682914106                   13D                               13 OF 19

SCHEDULE 1 TO SCHEDULE 13D  

Portshire Corp. 

Directors and Executive Officers  

                                                                [Download Table]


                                                             Present Principal   
Name and Business Address    Title                       Occupation or Employment
                                                                                 

D. D. Colburn                Director                      Business Executive    
555 Skokie Blvd., Suite 555  President                                           
Northbrook, IL  60062                                                            

D. C. Verbeck                Director                      Tax Director of CED   
311356 Via Colinas           Secretary & Vice President                          
Westlake Village, CA 91362                                                       

D. D. Dunham                 Vice President &              Vice President        
2550 Midway Road, Suite 220  Treasurer                                           
Carrollton, TX  75006                                                            


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CUSIP NO. 682914106                   13D                               14 OF 19

SCHEDULE 2 TO SCHEDULE 13D  

Edmundson International, Inc. 

Directors and Executive Officers  

                                                                [Download Table]


                                                            Present Principal       
Name and Business Address    Title                      Occupation or Employment    
                                                                                    

K. W. Colburn                     Director                     Business Executive   
555 Skokie Blvd., Suite 555       President                                         
Northbrook, IL  60062                                                               

R. W. Colburn                     Director                     Business Executive   
555 Skokie Blvd., Suite 555                                                         
Northbrook IL  60062                                                                

D. C. Verbeck                     Director                     Tax Director of CED  
31356 Via Colinas                 Secretary                                         
Westlake Village, CA 91362                                                          

J. D. Parish                      Vice President & CFO         Treasurer of CED     
31356 Via Colinas                                                                   
Westlake Village, CA 91362                                                          

T. A. Lullo                       Vice President               Vice President of CED
31356 Via Colinas                                                                   
Westlake Village, CA 91362                                                          


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CUSIP NO. 682914106                   13D                               15 OF 19

SCHEDULE 3 TO SCHEDULE 13D  

Consolidated Electrical Distributors, Inc.  

Directors and Executive Officers  

                                                        [Enlarge/Download Table]


                                                             Present Principal       
Name and Business Address    Title                       Occupation or Employment    
                                                                                     

K. W. Colburn                     Director                      Business Executive   
555 Skokie Blvd., Suite 555                                                          
Northbrook, IL  60062                                                                

R. W. Colburn                     Director                      Business Executive   
555 Skokie Blvd., Suite 555                                                          
Northbrook IL  60062                                                                 

C. C. Hogel                       Director                      Business Executive   
555 Skokie Blvd., Suite 555                                                          
Northbrook, IL 60062                                                                 

A. Monis, Jr.                     Director                      Chairman of the Board
31356 Via Colinas                 Chairman of the Board                              
Westlake Village, CA 91362                                                           

H. D. Bursch                      President                     President            
31356 Via Colinas                                                                    
Westlake Village, CA 91362                                                           

T. A. Lullo                       Vice President                Vice President       
31356 Via Colinas                                                                    
Westlake Village, CA 91362                                                           

J. D. Parish                      Treasurer                     Treasurer            
31356 Via Colinas                                                                    
Westlake Village, CA 91362                                                           

P. J. Savasta                     Vice President                Vice President       
31356 Via Colinas                                                                    
Westlake Village, CA 91362                                                           


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CUSIP NO. 682914106                   13D                               16 OF 19

                                                                [Download Table]
                                                          

R. H. Swan                  Vice President  Vice President
31356 Via Colinas                                         
Westlake Village, CA 91362                                

D. M. Williams              Vice President  Vice President
31356 Via Colinas                                         
Westlake Village, CA 91362                                

D. C. Verbeck               Secretary       Tax Director  
31356 Via Colinas                                         
Westlake Village, CA 91362                                


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CUSIP NO. 682914106                   13D                               17 OF 19

SCHEDULE 4 TO SCHEDULE 13D  

Galashiels Fund, Ltd. 

Directors and Executive Officers  

                                                                [Download Table]


                                                             Present Principal    
Name and Business Address    Title                       Occupation or Employment 
                                                                                  

K. W. Colburn                     Director                      Business Executive
555 Skokie Blvd., Suite 555       President & Treasurer                           
Northbrook, IL  60062                                                             

B. P. Colburn                     Director                      Business Executive
555 Skokie Blvd., Suite 555       Vice President                                  
Northbrook, IL  60062                                                             

P. B. Johnson                     Director                      Corporate Counsel 
31356 Via Colinas                 Secretary                                       
Westlake Village, CA 91362                                                        


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CUSIP NO. 682914106                   13D                               18 OF 19

EXHIBIT 7(1)  

AGREEMENT WITH RESPECT TO SCHEDULE 13D  

       The undersigned hereby agree that any Statement on Schedule 13D to be
filed with the Securities and Exchange Commission by any of the undersigned,    
including any amendment thereto, with respect to securities of Onyx Acceptance  
Corporation, a California corporation, may be filed by Lincolnshire             
Associates, Ltd., on behalf of all of the undersigned.                          

      IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed in counterparts by their duly authorized signatories as of 26th day    
of August, 1999.                                                                

                         Portshire Corp.

                                   By:  /s/ David C. Verbeck
                             Its: Vice President

                                       Edmundson International, Inc.

                                 By:  /s/ John D. Parish
                             Its: Vice President

                                 Consolidated Electrical
                            Distributors, Inc.

                                 By:  /s/ John D. Parish
                        Its: Treasurer

                                       Employees' Retirement Plan of
                                 Consolidated Electrical
                            Distributors, Inc.

                                 By:  /s/ John D. Parish
                                                on behalf and as a member of
                                               the Retirement Committee of
                                           Consolidated Electrical
                                      Distributors, Inc.

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CUSIP NO. 682914106                   13D                               19 OF 19

                         Galashiels Fund, Ltd.

                              By:  /s/ Pamela B. Johnson
                  Its: Secretary

                            Keith W. Colburn - KEOGH

                             By:  /s/ Keith W. Colburn

                                          K. W. Colburn Trust, under Declaration
                                     of Trust, dated February 16, 1978

                                    By /s/ Keith W. Colburn, Trustee

                        /s/ Keith W. Colburn
                    Keith W. Colburn

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Dates Referenced Herein

		Referenced-On Page
This ‘SC 13D’ Filing	Date	First	Last	Other Filings

Filed on:	8/30/99			None on these Dates
	8/26/99	21
	8/11/99	14
	8/5/99	14
	8/4/99	15
	5/14/99	16
	12/23/97	15
	12/19/97	14
	8/30/97	14
				List all Filings

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Filing Submission 0000889812-99-002607 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Lincolnshire Associates Ltd, et al. – ‘SC 13D’ on 8/30/99 re: Onyx Acceptance Corp

On: Monday, 8/30/99 · Accession #: 889812-99-2607 · File #: 5-46565

Previous ‘SC 13D’: None · Next: ‘SC 13D/A’ on 11/18/99 · Latest: ‘SC 13D’ on 4/8/04

General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents