SEC Info - SC Fundamental Value Fund, L.P., et al. - ‘SC 13D/A’ on 12/5/05 re: Scpie Holdings Inc

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SC Fundamental Value Fund, L.P., et al. – ‘SC 13D/A’ on 12/5/05 re: Scpie Holdings Inc

On: Monday, 12/5/05, at 5:13pm ET · Accession #: 909518-5-953 · File #: 5-52877

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

12/05/05  SC Fundamental Value Fund, L.P.   SC 13D/A               2:41K  Scpie Holdings Inc                Weil Gotshal & Ma… 04/FA
          John T. Bird
          Neil H. Koffler
          Peter M. Collery
          PMC-Bvi, Inc.
          SC Fundamental LLC
          SC Fundamental Value BVI, Inc.
          SC Fundamental Value Bvi, Ltd.
          SC-BVI Partners

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to General Statement of Beneficial          16     80K 
                          Ownership                                              
 2: EX-99       Miscellaneous Exhibit                                  2     11K

SC 13D/A — Amendment to General Statement of Beneficial Ownership
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Interest in Securities of the Issuer Material to Be Filed as Exhibits Schedule 13D
1	1st Page - Filing Submission
"	Schedule 13D
11	Item 5. Interest in Securities of the Issuer
13	Item 7. Material to Be Filed as Exhibits

SC 13D/A 1st Page of 16 TOC ↑Top Previous Next ↓Bottom Just 1st
 
================================================================================

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D
 Under the Securities Exchange Act of 1934

 (Amendment No. 2)

------------------------------

 SCPIE HOLDINGS INC.
(Name of Issuer)

COMMON STOCK, $0.0001 PAR VALUE PER SHARE                           78402P104   
    (Title of class of securities)                              (CUSIP number)

 NEIL H. KOFFLER
SC FUNDAMENTAL LLC
747 THIRD AVENUE, 27TH FLOOR
NEW YORK, NEW YORK 10017
(212) 888-9100
(Name, address and telephone number of person authorized
to receive notices and communications)

 WITH A COPY TO:

DAVID E. ZELTNER, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
 NEW YORK, NEW YORK 10153-0119
(212) 310-8000

 NOVEMBER 29, 2005
 (Date of event which requires filing of this statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition that is the subject of this Schedule 13D, and is filing this    
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-(g), check the 
following box. [ ]                                                              

Note: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other     
parties to whom copies are to be sent.                                          

* The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter           
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of  
1934 (the "Act") or otherwise subject to the liabilities of that section of the 
Act but shall be subject to all other provisions of the Act. (However, see the  
Notes.)                                                                         

(Continued on following pages)

(Page 1 of 18 Pages)

================================================================================

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                                                        [Enlarge/Download Table]

-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 2 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------
                                                                                                                                 
----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                SC FUNDAMENTAL VALUE FUND, L.P.                
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  WC/OO                                
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                            [ ]          
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                              Delaware            
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                            265,727          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                                0          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                       265,727          

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                           0          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              265,727          

----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                        [ ]      

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           2.65%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               PN                                             
----------------------    -------------------------------------------------------------------------------------------------------

                                       2                                                                                         

SC 13D/A 3rd Page of 16 TOC 1st Previous Next ↓Bottom Just 3rd
-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 3 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                SC FUNDAMENTAL LLC                             
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO                                   
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                           [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                              New York            
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                                  0          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
----------------------                                                                                                           
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                          265,727          

----------------------                                                                                                           
                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                             0          

----------------------                                                                                                           
                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                     265,727          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              265,727          
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                      [ ]        

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           2.65%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               OO                                             
----------------------    -------------------------------------------------------------------------------------------------------

                                       3                                                                                         

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-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 4 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                SC FUNDAMENTAL VALUE BVI, LTD.                 
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO                                   
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                            [ ]          
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                       British Virgin Islands     
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                            200,473          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                                0          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                       200,473          

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                           0          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              200,473          
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                        [ ]      

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           2.00%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               CO                                             
----------------------    -------------------------------------------------------------------------------------------------------

                                       4                                                                                         

SC 13D/A 5th Page of 16 TOC 1st Previous Next ↓Bottom Just 5th
-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 5 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                SC-BVI PARTNERS                                
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO                                   
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                          [ ]            
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                              Delaware            
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                                  0          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                          200,473          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                             0          

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                     200,473          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              200,473          
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                        [ ]      

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           2.00%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               PN                                             
----------------------    -------------------------------------------------------------------------------------------------------

                                       5                                                                                         

SC 13D/A 6th Page of 16 TOC 1st Previous Next ↓Bottom Just 6th
-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 6 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                PMC - BVI, INC.                                
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO                                   
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                            [ ]          
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                              Delaware            
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                                  0          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                          200,473          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                             0          

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                     200,473          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              200,473          
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                        [ ]      

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           2.00%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               CO                                             
----------------------    -------------------------------------------------------------------------------------------------------

                                       6                                                                                         

SC 13D/A 7th Page of 16 TOC 1st Previous Next ↓Bottom Just 7th
-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 7 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                SC FUNDAMENTAL VALUE BVI, INC.                 
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO                                   
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                              [ ]        
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                              Delaware            
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                                  0          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                          200,473          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                             0          

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                     200,473          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              200,473          
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                         [ ]     

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           2.00%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               CO                                             
----------------------    -------------------------------------------------------------------------------------------------------

                                       7                                                                                         

SC 13D/A 8th Page of 16 TOC 1st Previous Next ↓Bottom Just 8th
-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 8 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                PETER M. COLLERY                               
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO/PF                                
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                               [ ]       
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                            United States         
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                                100*         
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                          466,200          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                           100*         

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                     466,200          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                                               
                                                                                                                466,300**        
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                         [ ]     

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           4.66%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               IN                                             
----------------------    -------------------------------------------------------------------------------------------------------

*All of such shares are held by Mr. Collery as custodian for his children in the                                                 
following amounts: (i) Claire Adams Collery: 70 shares; and (ii) Edward Arnold                                                   
Collery: 30 shares.                                                                                                              

** Of such amount, 100 shares are held by Mr. Collery as custodian for his                                                       
children as stated immediately above.                                                                                            

                                       8                                                                                         

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-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                           Page 9 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                NEIL H. KOFFLER                                
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO/PF                                
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                                [ ]      
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                            United States         
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                                  0          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                          466,200          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                             0          

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                     466,200          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              466,200          
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                          [ ]    

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           4.66%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               IN                                             
----------------------    -------------------------------------------------------------------------------------------------------

                                       9                                                                                         

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-----------------------------------------------------------              --------------------------------------------------------
CUSIP No. 78402P104                                             13D                                          Page 10 of 18 Pages 
-----------------------------------------------------------              --------------------------------------------------------

----------------------    -------------------------------------------------------------------------------------------------------
          1               NAME OF REPORTING PERSON                                JOHN T. BIRD                                   
                          S.S. OR I.R.S. IDENTIFICATION NO.                                                                      
                          OF ABOVE PERSON                                                                                        
----------------------    -------------------------------------------------------------------------------------------------------
          2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                    (a) [X]           
                                                                                                               (b) [ ]           
----------------------    -------------------------------------------------------------------------------------------------------
          3               SEC USE ONLY                                                                                           
----------------------    -------------------------------------------------------------------------------------------------------
          4               SOURCE OF FUNDS:                                                  OO/PF                                
----------------------    -------------------------------------------------------------------------------------------------------
          5               CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                               
                          PURSUANT TO ITEM 2(d) OR 2(e):                                                                [ ]      
----------------------    -------------------------------------------------------------------------------------------------------
          6               CITIZENSHIP OR PLACE OF ORGANIZATION:                                            United States         
----------------------    -------------------------------------------------------------------------------------------------------
                                  7               SOLE VOTING POWER:                                                  0          
      NUMBER OF                                                                                                                  
        SHARES                                                                                                                   

     BENEFICIALLY                                                                                                                
       OWNED BY                                                                                                                  

         EACH                                                                                                                    
      REPORTING                                                                                                                  

     PERSON WITH                                                                                                                 
                          -------------------     ------------------------------------------------ ------------------------------
                                  8               SHARED VOTING POWER:                                          466,200          

                          -------------------     ------------------------------------------------ ------------------------------
                                  9               SOLE DISPOSITIVE POWER:                                             0          

                          -------------------     ------------------------------------------------ ------------------------------
                                  10              SHARED DISPOSITIVE POWER:                                     466,200          

----------------------    -------------------------------------------------------------------------------------------------------
         11               AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                              466,200          
----------------------    -------------------------------------------------------------------------------------------------------
         12               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                         [ ]     

----------------------    -------------------------------------------------------------------------------------------------------
         13               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                           4.66%    
----------------------    -------------------------------------------------------------------------------------------------------
         14               TYPE OF REPORTING PERSON:                               IN                                             
----------------------    -------------------------------------------------------------------------------------------------------


10

SC 13D/A 11th Page of 16 TOC 1st Previous Next ↓Bottom Just 11th
      This Amendment No. 2 ("Amendment No. 2") amends the Statement on
Schedule 13D (the "Schedule 13D") filed on November 1, 2002, as amended, by and 
on behalf of SC Fundamental Value Fund, L.P. ("Fund"), SC Fundamental LLC       
("SCFLLC"), SC Fundamental Value BVI, Ltd. ("BVI Fund"), SC-BVI Partners ("BVI  
Partners"), PMC-BVI, Inc. ("PMCBVI"), SC Fundamental Value BVI, Inc. ("BVI      
Inc."), Peter M. Collery ("Collery") and Neil H. Koffler ("Koffler") as members 
of a joint filing group with respect to the ownership of the common stock, par  
value $0.0001 per share ("Common Stock"), of SCPIE Holdings Inc., a Delaware    
corporation (the "Company"). Capitalized terms used herein and not defined      
herein have the meanings ascribed thereto in the Schedule 13D, as amended.      

ITEM 5.    INTEREST IN SECURITIES OF THE ISSUER                                 

          (a) The responses of the Reporting Persons to Rows (11) through (13)
of the cover pages of this Amendment No. 2 are incorporated herein by reference.
As of the close of business on December 2, 2005, the Reporting Persons          
beneficially owned (or are deemed, solely for purposes of Rule 13d-3, to have   
beneficially owned), directly or indirectly, an aggregate of 489,100 shares of  
Common Stock, representing approximately 4.88% of the Common Stock outstanding  
on December 2, 2005, (based on 10,012,391 shares of Common Stock outstanding as 
of November 3, 2005 as reported in the Company's Quarterly Report on Form 10-Q  
for the fiscal quarter ended September 30, 2005). Each of the Reporting Persons,
by virtue of Rule 13d-3, may be deemed to own beneficially the number of shares 
and percentages of Common Stock set forth opposite their names below.           

                 Shares of
Name                                      Common Stock            Percentage    
----                                      ------------            ----------    

SC Fundamental Value Fund, L.P.               265,727                2.65%      
SC Fundamental LLC                            265,727                2.65%      
SC Fundamental Value BVI, Ltd.                200,473                2.00%      
SC Fundamental Value BVI, Inc.                200,473                2.00%      
SC-BVI Partners                               200,473                2.00%      
PMC-BVI, Inc.                                 200,473                2.00%      
Peter M. Collery                              466,300 (1)            4.66%      
Neil H. Koffler                               466,200                4.66%      
John T. Bird                                  466,200                4.66%      

(1)   Includes 100 shares of Common Stock held by Collery as custodian for      
his children.                                                       

        (b) The responses of the Reporting Persons to (i) Rows (7) through
(10) of the cover pages of this Amendment No. 2 and (ii) Item 5a hereof are     
incorporated herein by reference. Bird, Koffler and Collery, by virtue of their 
status as members of SCFLLC, the general partner of Fund, may be deemed to share
with Fund and SCFLLC the power to vote or direct the vote and to dispose or to  
direct the disposition of shares of Common Stock of which Fund is the direct    
beneficial owner.                                                               

          Bird and Koffler, by virtue of their status as executive officers of
BVI Inc., and Collery, by virtue of his status as the sole stockholder and an   
executive officer of BVI Inc., the managing general partner of BVI Partners,    
which is the investment manager of BVI Fund, may be deemed to share with BVI    
Inc., BVI Partners and BVI Fund the power to vote or direct the vote and to     
dispose or direct the disposition of shares of Common Stock of which BVI Fund is
the direct beneficial owner.                                                    

11

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        Collery, by virtue of his status as the sole stockholder, director
and executive officer of PMCBVI, a general partner of BVI Partners, which is the
investment manager of BVI Fund, may be deemed to share with PMCBVI, BVI Partners
and BVI Fund the power to vote or direct the vote and to dispose or direct the  
disposition of shares of Common Stock of which BVI Fund is the direct beneficial
owner.                                                                          

          Collery has the sole power to vote or direct the vote and to dispose
or to direct the disposition of 100 shares of Common Stock of which he is the   
custodian for his children.                                                     

       (c) During the last 60 days, the following transactions in Common
Stock were effected by the Reporting Persons on the New York Stock Exchange:    

                                                                [Download Table]

                                    Number of                                      
                                      Shares                                       
                                    Purchased/  Price Per  Commission Per          
        Reporting Person               Sold       Share        Share         Date  
        ----------------               ----       -----        -----         ----  
                                                                                   
SC Fundamental Value Fund, L.P.       (2,220)    18.0700       0.0050       11/8/05

SC Fundamental Value BVI, Ltd.        (1,680)    18.0700       0.0050       11/8/05

SC Fundamental Value Fund, L.P.       (4,790)    18.0190       0.0200       11/9/05

SC Fundamental Value BVI, Ltd.        (3,610)    18.0190       0.0200       11/9/05

SC Fundamental Value Fund, L.P.       (5,020)    18.0293       0.0200      11/16/05

SC Fundamental Value BVI, Ltd.        (3,780)    18.0293       0.0200      11/16/05

SC Fundamental Value Fund, L.P.       (4,450)    18.3610       0.0200      11/17/05

SC Fundamental Value BVI, Ltd.        (3,350)    18.3610       0.0200      11/17/05

SC Fundamental Value Fund, L.P.      (14,250)    19.5387       0.0200      11/18/05

SC Fundamental Value BVI, Ltd.       (10,750)    19.5387       0.0200      11/18/05

SC Fundamental Value Fund, L.P.      (15,390)    20.0807       0.0200      11/21/05

SC Fundamental Value BVI, Ltd.       (11,610)    20.0807       0.0200      11/21/05

SC Fundamental Value Fund, L.P.         (170)    20.1900       0.0050      11/21/05

SC Fundamental Value BVI, Ltd.          (130)    20.1900       0.0050      11/21/05

SC Fundamental Value Fund, L.P.       (1,310)    20.2000       0.0200      11/22/05

SC Fundamental Value BVI, Ltd.          (990)    20.2000       0.0200      11/22/05

                                12                                                 

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                                    Number of                                      
                                      Shares                                       
                                    Purchased/  Price Per  Commission Per          
        Reporting Person               Sold       Share        Share         Date  
        ----------------               ----       -----        -----         ----  

SC Fundamental Value Fund, L.P.       (5,190)    20.1929       0.0050      11/23/05

SC Fundamental Value BVI, Ltd.        (3,910)    20.1929       0.0050      11/23/05

SC Fundamental Value Fund, L.P.       (7,350)    20.3440       0.0200      11/29/05

SC Fundamental Value BVI, Ltd.        (5,550)    20.3440       0.0200      11/29/05

SC Fundamental Value Fund, L.P.       (3,590)    21.0147       0.0200      11/30/05

SC Fundamental Value BVI, Ltd.        (2,710)    21.0147       0.0200      11/30/05

SC Fundamental Value Fund, L.P.       (1,250)    21.0000       0.0200       12/1/05

SC Fundamental Value BVI, Ltd.          (950)    21.0000       0.0200       12/1/05

SC Fundamental Value Fund, L.P.      (13,000)    21.0139       0.0200       12/2/05

SC Fundamental Value BVI, Ltd.        (9,800)    21.0139       0.0200       12/2/05


(d) Not applicable.                                       

      (e) On November 29, 2005, the Reporting Persons ceased to be the
beneficial owner of more than 5% of the Common Stock.                           

ITEM 7.    MATERIAL TO BE FILED AS EXHIBITS                                     

Exhibit 1.  Joint Filing Agreement, dated December 5, 2005

[The remainder of this page intentionally left blank.]

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SIGNATURES

               After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this      
Statement is true, complete and correct.                                        

Dated:  December 5, 2005                                                        

               SC FUNDAMENTAL VALUE FUND, L.P.

          By: SC Fundamental LLC, as
       General Partner

        By: /s/  Neil H. Koffler
                                 -----------------------------------------
               Neil H. Koffler, Member

  SC FUNDAMENTAL LLC

        By: /s/  Neil H. Koffler
                                 -----------------------------------------
               Neil H. Koffler, Member

              SC FUNDAMENTAL VALUE BVI, LTD.

                   By: SC Fundamental Value BVI, Inc.,
                                 as managing general partner of investment
manager 

        By: /s/  Neil H. Koffler
                                 -----------------------------------------
                       Neil H. Koffler, Vice President

SC-BVI PARTNERS 

                   By: SC Fundamental Value BVI, Inc.,
                   as managing general partner

        By: /s/  Neil H. Koffler
                                 -----------------------------------------
                       Neil H. Koffler, Vice President

PMC-BVI, INC.   

        By: /s/  Neil H. Koffler
                                 -----------------------------------------
                               Neil H. Koffler as Attorney-in-Fact for
                       Peter M. Collery, President (1)

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              SC FUNDAMENTAL VALUE BVI, INC.

        By: /s/  Neil H. Koffler
                                 -----------------------------------------
                       Neil H. Koffler, Vice President

    /s/  Neil H. Koffler
                         -----------------------------------------
                       Neil H. Koffler as Attorney-in-Fact for
    Peter M. Collery (1)

    /s/  Neil H. Koffler
                         -----------------------------------------
Neil H. Koffler 

    /s/  Neil H. Koffler
                         -----------------------------------------
                       Neil H. Koffler as Attorney-in-Fact for
John T. Bird (2)

(1)   Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. 
     The Power of Attorney for Mr. Collery is attached as Exhibit 2 to the
     Statement on Schedule 13G with respect to the Class A Common Stock of
     Winmill & Co. Incorporated, filed on November 26, 2003, and is hereby
incorporated by reference.                                      

(2)   Executed by Neil H. Koffler as Attorney-in-Fact for John T. Bird. The 
        Power of Attorney for Mr. Bird is attached as Exhibit 2 to Amendment No.
      1 to the Statement on Schedule 13G with respect to the Common Stock of
      Tengasco, Inc., filed on March 28, 2005, and is hereby incorporated by
reference.                                                      

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 EXHIBIT INDEX

Exhibit No.           Description                                               
-----------           -----------                                               

1                 Joint Filing Agreement, dated December 5, 2005        

16

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Dates Referenced Herein and Documents Incorporated by Reference

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

Filed on:	12/5/05	13	16
	12/2/05	11
	11/29/05	1	13
	11/3/05	11
	9/30/05	11		10-Q
	3/28/05	15
	11/26/03	15
	11/1/02	11		SC 13D
				List all Filings

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Filing Submission 0000909518-05-000953 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

SC Fundamental Value Fund, L.P., et al. – ‘SC 13D/A’ on 12/5/05 re: Scpie Holdings Inc

On: Monday, 12/5/05, at 5:13pm ET · Accession #: 909518-5-953 · File #: 5-52877

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

SC 13D/A — Amendment to General Statement of Beneficial OwnershipDocument Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

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

SC 13D/A — Amendment to General Statement of Beneficial Ownership
Document Table of Contents