SEC Info - Lincolnshire Associates Ltd, et al. - ‘SC 13D/A’ on 11/18/99 re: Onyx Acceptance Corp

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Lincolnshire Associates Ltd, et al. – ‘SC 13D/A’ on 11/18/99 re: Onyx Acceptance Corp

On: Thursday, 11/18/99 · Accession #: 889812-99-3456 · File #: 5-46565

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

11/18/99  Lincolnshire Associates Ltd       SC 13D/A               1:17K  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.

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    General Statement of Beneficial Ownership             14     39K

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 Interest in Securities of the Issuer Is Amended and Restated as Follows: Is Amended by Adding the Following Paragraph: Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
11	Item 3:. Source and Amount of Funds or Other Consideration
"	Item 3. Is Amended by Adding the Following Paragraph:
12	Item 5:. Interest in Securities of the Issuer
"	Item 5. Is Amended and Restated as Follows:
13	Item 6:. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

SC 13D/A 1st Page of 14 TOC ↑Top Previous Next ↓Bottom Just 1st
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
 Under the Securities Exchange Act of 1934
 (Amendment No. 1)

 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

 11/2/99

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CUSIP NO. 682914106                  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                                                            

 2

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CUSIP NO. 682914106                  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                                                              

 2

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CUSIP NO. 682914106                  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                                                              

 2

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CUSIP NO. 682914106                  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                                                              

 2

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CUSIP NO. 682914106                  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        

336,700         

Number of Shares                                                                
8.   Shared Voting Power      
Beneficially                                                                  
-0-             

Owned by Each                                                                 
9.   Sole Dispositive Power   
Reporting Person                                                                
336,700         

With                                                                  
10.  Shared Dispositive Power 

-0-             

11.  Aggregate Amount Beneficially Owned by Each Reporting Person               

336,700                                                         

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

13.  Percent of Class Represented by Amount in Row 11                           

5.45%                                                           

14.  Type of Reporting Person                                                   

EP                                                              

 2

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CUSIP NO. 682914106                  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                           

.6.5%                                                           

14.  Type of Reporting Person                                                   

CO                                                              

 2

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CUSIP NO. 682914106                  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                                                              

 2

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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                                                              

 2

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CUSIP NO. 682914106                  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                                                              

 2

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CUSIP NO. 682914106                   13D                                 1 OF 4
 Amendment No. 1

INTRODUCTION

  Lincolnshire Associates, Ltd., a Texas limited partnership, hereby files
this Amendment No. 1 (the "Amendment") to 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 to the Statement
as Exhibit 7(1). Defined terms not otherwise defined herein have the meanings   
ascribed thereto in the Statement.                                              

Only those Items amended are reported herein.                         

Item 3: Source and Amount of Funds or Other Consideration.            

Item 3 is amended by adding the following paragraph:                  

 On October 25, 1999, CED Pension Plan purchased 32,500 shares of Common
Stock on the open market at a purchase price of $6.13 per share; on October 26, 
1999, CED Pension Plan purchased 12,500 shares of Common Stock on the open      
market at a purchase price of $6.50 per share; on October 29, 1999, CED Pension 
Plan purchased 1,000 shares of Common Stock on the open market at a purchase    
price of $6.79 per share; on November 2, 1999, CED Pension Plan purchased 19,000
shares of Common Stock on the open market at a purchase price of $6.79 per      
share; on November 11, 1999, CED Pension Plan purchased 10,000 shares of Common 
Stock on the open market at a purchase price of $7.06 per share; on November 15,
1999, CED Pension Plan purchased 12,500 shares of Common Stock on the open      
market at a purchase price of $7.06 per share; and on November 16, 1999, CED    
Pension Plan purchased 7,500 shares of Common Stock on the open market at a     
purchase price of $7.06 per share.                                              

A table identifying each purchase is included in Item 5(c) of this    
Amendment.                                                                      

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CUSIP NO. 682914106                   13D                                 2 OF 4
 Amendment No. 1

Item 5: Interest in Securities of the Issuer.                         

Item 5 is amended and restated as follows:                            

   (a) and (b) The aggregate number of shares and percentage of Common Stock
of the Issuer (based on the Issuer's report of Form 10Q that it had 6,177,804   
shares of Common Stock outstanding as of August 13, 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.                                                   

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  336,700     5.45%                  336,700            336,700 
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 471,200 shares,                                                

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

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CUSIP NO. 682914106                   13D                                 3 OF 4
 Amendment No. 1

representing 7.6% 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 any transaction in the Common Stock of
the Issuer during the past 60 days other than as set forth in the table below:  

Date              Purchaser         # Shares     Price      Comm'n   Total Funds
                                                                      Required
--------------------------------------------------------------------------------
10/25/99          CED Pension                                                   
                  Plan                32,500    $6.1249               $  199,062
10/26/99          CED Pension                                                   
                  Plan                12,500    $6.5000               $   81,250
10/29/99          CED Pension                                                   
                  Plan                 1,000    $6.7870               $    6,787
11/2/99           CED Pension                                                   
                  Plan                19,000    $6.7874               $  128,962
11/11/99          CED Pension                                                   
                  Plan                10,000    $7.0000      $.06     $   70,600
11/15/99          CED Pension                                                   
                  Plan                12,500    $7.0000      $.06     $   88,250
11/16/99          CED Pension                                                   
                  Plan                 7,500    $7.0000      $.06     $   52,950
                                      ------                          ----------
TOTAL                                 95,000                          $  627,861
                                      ------                          ----------

  (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.                  

   The first paragraph of Item 6 is amended and restated to read as follows:

 Lincolnshire beneficially owns 90,000 shares of Common Stock. Portshire
Corp., the general partner of Lincolnshire                                      

SC 13D/A Last Page of 14 TOC 1st Previous Next ↓Bottom Just 14th
CUSIP NO. 682914106                   13D                                 4 OF 4
 Amendment No. 1

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 decisions for Lincolnshire and, therefore, indirectly, for Portshire 
Corp., Edmundson International, and CED. CED Pension Plan beneficially owns     
336,700 shares of Common Stock. Galashiels beneficially owns 40,000 shares of   
Common Stock.                                                                   

 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:  November 17, 1999                                                       

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

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

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Dates Referenced Herein

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Filed on:	11/18/99			None on these Dates
	11/17/99	14
	11/16/99	11
	11/15/99	11
	11/11/99	11
	11/2/99	11
	10/29/99	11
	10/26/99	11
	10/25/99	11
	8/13/99	12
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Filing Submission 0000889812-99-003456 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Lincolnshire Associates Ltd, et al. – ‘SC 13D/A’ on 11/18/99 re: Onyx Acceptance Corp

On: Thursday, 11/18/99 · Accession #: 889812-99-3456 · File #: 5-46565

Previous ‘SC 13D’: ‘SC 13D’ on 8/30/99 · Next: ‘SC 13D/A’ on 3/16/00 · Latest: ‘SC 13D’ on 4/8/04

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

Document Table of Contents

Dates Referenced Herein

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