SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
Lone Star Technologies, Inc.
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(Name of Issuer)
Shares of Common Stock
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(Title of Class of Securities)
542312103
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(CUSIP Number)
Michael S. Paquette
Vice President and
Chief Accounting Officer
Fund American Enterprises Holdings, Inc.
The 1820 House,
Main Street,
Norwich, Vermont 05055
(802) 649-3633
-----------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 30, 1994
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(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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box
______.
Check the following box if a fee is being paid with this statement _____.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five per cent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto re porting beneficial ownership of five percent or less of
such class. See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
CUSIP NO. 542312103
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
Fund American Enterprises Holdings, Inc.
94-2708455
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(2) Check the Appropriate Box if a Member (a) ________________
of a Group (See Instructions)
(b) ________________
(3) (SEC Use Only)
- --------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Delaware
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Number of Shares (7) Sole Voting Power
-------------------
Beneficially Owned
by Each Reporting (8) Shared Voting Power
-------------------
Person With 988,000
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
988,000
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
988,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
Approximately 4.8%
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(14) Type of Reporting Person (See Instructions) HC, CO
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Page 2 of 8
CUSIP NO. 542312103
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
Fund American Enterprises, Inc.
51-0328932
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(2) Check the Appropriate Box if a Member (a) ________________
of a Group (See Instructions)
(b) ________________
(3) (SEC Use Only)
- --------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Delaware
--------
Number of Shares (7) Sole Voting Power
-----------------
Beneficially Owned
by Each Reporting (8) Shared Voting Power
-------------------
Person With 988,000
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
988,000
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
988,000
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
Approximately 4.8%
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(14) Type of Reporting Person (See Instructions) HC, CO
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Page 3 of 8
CUSIP NO. 542312103
- --------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
Source One Mortgage Services Corporation
38-2011419
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(2) Check the Appropriate Box if a Member (a) ________________
of a Group (See Instructions)
(b) ________________
(3) (SEC Use Only)
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(4) Source of Funds (See Instructions)
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Delaware
-------------------
Number of Shares (7) Sole Voting Power
-------------------
Beneficially Owned
by Each Reporting (8) Shared Voting Power
-------------------
Person With 200,000
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
200,000
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
200,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
Approximately 1.0%
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(14) Type of Reporting Person (See Instructions) CO
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Page 4 of 8
ONLY ITEMS REPORTED IN THIS AMENDMENT NO. 9 TO SCHEDULE 13D ARE AMENDED FROM THE
FILING ON SCHEDULE 13D FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AS
AMENDED ON DECEMBER 20, 1990, AUGUST 24, 1993, DECEMBER 22, 1993, MARCH 14, 1994
AND NOVEMBER 8, 1994. ALL OTHER ITEMS REMAIN UNCHANGED. UNLESS OTHERWISE
SPECIFIED, ALL DEFINED TERMS USED HEREIN HAVE THE MEANING PREVIOUSLY ASCRIBED TO
THEM IN THE SCHEDULE 13D.
Item 1. Security and Issuer.
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Item 2. Identity and Background.
------------------------
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
Item 4. Purpose of Transaction
----------------------
Sales by FAE outlined in Schedule II attached hereto, which is
incorporated herein by reference, were made in the ordinary course of business
and not for the purpose or effect of changing or influencing the control of the
Issuer or in connection with, or as a participant in, any transaction having
such purpose or effect.
Page 5 of 8
Item 5. Interest in Securities of the Issuer.
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(a) & (b) FAEH owns all 988,000 Shares indirectly; 200,000 through FAE
through SOMSC and 788,000 through FAE. The amount and percentage of Shares
beneficially owned is as follows:
Percentage of
Shares Shares
Beneficially Beneficially
Person Owned Owned
------ ------------ -------------
FAEH 988,000 4.8%
FAE 988,000 4.8%
SOMSC 200,000 1.0%
FAEH shares voting power and dispositive power with respect to 200,000
Shares with FAE and SOMSC and with respect to 788,000 Shares with FAE.
(c) Neither Mr. Arthur Zankel, a director of FAEH, nor First Manhattan
Co., a partnership in which Mr. Zankel is a general partner, directly owns any
Shares. Mr. Zankel does not have discretionary authority over any Shares owned
by First Manhattan Co.'s clients. Other partners in First Manhattan Co. (not
including Mr. Zankel) own 8,000 Shares and have discretionary authority over
1,486 Shares owned by First Manhattan Co.'s clients.
(d) None
(e) As of December 30, 1994, FAEH, FAE and SOMSC ceased to be the
beneficial owners of more than five percent of Shares of Common Stock of Lone
Star Technologies, Inc.
Page 6 of 8
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: January 3, 1995
FUND AMERICAN ENTERPRISES HOLDINGS, INC.
BY: /S/
------------------------------------
Name: Michael S. Paquette
Title: Vice President and
Chief Accounting Officer
FUND AMERICAN ENTERPRISES, INC.,
BY: /S/
------------------------------------
Name: Terry L. Baxter
Title: President and Secretary
SOURCE ONE MORTGAGE SERVICES
CORPORATION
BY: /S/
-----------------------------------
Name: Michael S. Paquette
Title: Authorized Representative *
* Power of Attorney already on file
Page 7 of 8
SCHEDULE II TO SCHEDULE 13D
---------------------------
Sales of Shares of Common Stock of Lone Star Technologies, Inc. by the
Reporting Person and by persons listed in Schedule I within the last 60 days.
Sold by Date Number Sold Unit Price
- ------- ---- ----------- ----------
FAE 11-08-94 1,000,000 $7.25
FAE 12-16-94 7,600 $7.00
FAE 12-21-94 5,000 $7.00
FAE 12-29-94 10,000 $7.00
FAE 12-30-94 510,000 $7.00
Page 8 of 8
