| ||
| ||
SECURITIES AND EXCHANGE COMMISSION | ||
Washington, D.C. 20549 | ||
SCHEDULE 13D | ||
Under the Securities Exchange Act of 1934 | ||
| ||
(Amendment No. 8)* | ||
| ||
LL&E Royalty Trust | ||
| ||
(Name of Issuer) | ||
| ||
Units of Beneficial Interest | ||
| ||
(Title of Class of Securities) | ||
| ||
502003 10 6 | ||
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|
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(CUSIP Number) | ||
| ||
Robert Robotti | ||
6 East 43rd Street, 23rd Floor | ||
New York, New York 10017 | ||
212-986-4800 | ||
| ||
(Name, Address and Telephone Number of Person | ||
Authorized to Receive Notices and Communications) | ||
| ||
December 23, 2010 | ||
| ||
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(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 Rule 13d-7 for other parties to whom copies are to be sent. | ||
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(Page 1 of 16 Pages) | ||
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*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 the disclosures provided in a prior cover page. | ||
| ||
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("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). | ||
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Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 2 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
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2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
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| (a) | [X] |
| (b) | [ ] |
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3. |
| SEC Use Only | |||||||||||
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4. |
| Source of Funds (See Instructions) | |||||||||||
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| AF, OO | |||||||||||
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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 | |||||||||||
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| United States | |||||||||||
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Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
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| |||||||||||
Shares |
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| |||||||||||
Beneficially |
| 8. | Shared Voting Power: 10,000 | ||||||||||
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Owned by |
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| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
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| |||||||||||
Reporting |
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| |||||||||||
Person With |
| 10. | Shared Dispositive Power: 10,000 | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
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| 10,000 | |||||||||||
| |||||||||||||
| |||||||||||||
12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
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| |||||||||||
| |||||||||||||
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13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
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| Less than 1% | |||||||||||
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14. |
| Type of Reporting Person (See Instructions) | |||||||||||
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| IN, HC | |||||||||||
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Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 3 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
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2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
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| (a) | [X] |
| (b) | [ ] |
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3. |
| SEC Use Only | |||||||||||
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4. |
| Source of Funds (See Instructions) | |||||||||||
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| OO | |||||||||||
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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 | |||||||||||
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| New York | |||||||||||
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Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
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Shares |
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Beneficially |
| 8. | Shared Voting Power: -0- | ||||||||||
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Owned by |
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Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
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Reporting |
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Person With |
| 10. | Shared Dispositive Power: -0- | ||||||||||
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11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
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| -0- | |||||||||||
| |||||||||||||
| |||||||||||||
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) | |||||||||||
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| 0% | |||||||||||
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14. |
| Type of Reporting Person (See Instructions) | |||||||||||
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| CO, HC | |||||||||||
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Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 4 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
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2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
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| (a) | [X] |
| (b) | [ ] |
| ||||||
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3. |
| SEC Use Only | |||||||||||
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4. |
| Source of Funds (See Instructions) | |||||||||||
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| OO | |||||||||||
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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 | |||||||||||
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| New York | |||||||||||
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Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
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Shares |
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Beneficially |
| 8. | Shared Voting Power: -0- | ||||||||||
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Owned by |
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Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
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Reporting |
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Person With |
| 10. | Shared Dispositive Power: -0- | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| -0- | |||||||||||
| |||||||||||||
| |||||||||||||
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) | |||||||||||
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| 0% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| OO, BD | |||||||||||
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Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 5 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
| |||||||||||||
| |||||||||||||
2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
|
| (a) | [X] |
| (b) | [ ] |
| ||||||
| |||||||||||||
| |||||||||||||
3. |
| SEC Use Only | |||||||||||
| |||||||||||||
| |||||||||||||
4. |
| Source of Funds (See Instructions) | |||||||||||
|
| OO | |||||||||||
| |||||||||||||
|
|
| |||||||||||
5. |
| Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) | [ ] |
| |||||||||
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| |||||||||||
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| |||||||||||
6. |
| Citizenship or Place of Organization | |||||||||||
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| New York | |||||||||||
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| |||||||||||
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| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
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| |||||||||||
Shares |
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| |||||||||||
Beneficially |
| 8. | Shared Voting Power: -0- | ||||||||||
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|
| |||||||||||
Owned by |
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| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
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|
| |||||||||||
Reporting |
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| |||||||||||
Person With |
| 10. | Shared Dispositive Power: -0- | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| -0- | |||||||||||
| |||||||||||||
| |||||||||||||
12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
|
|
| |||||||||||
| |||||||||||||
| |||||||||||||
13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
|
| 0% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| OO, IA | |||||||||||
| |||||||||||||
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Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 6 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
| |||||||||||||
| |||||||||||||
2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
|
| (a) | [X] |
| (b) | [ ] |
| ||||||
| |||||||||||||
| |||||||||||||
3. |
| SEC Use Only | |||||||||||
| |||||||||||||
| |||||||||||||
4. |
| Source of Funds (See Instructions) | |||||||||||
|
| AF | |||||||||||
| |||||||||||||
|
|
| |||||||||||
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 | |||||||||||
|
| United States | |||||||||||
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|
| |||||||||||
|
|
| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
|
|
| |||||||||||
Shares |
|
| |||||||||||
Beneficially |
| 8. | Shared Voting Power: 10,000 | ||||||||||
|
|
| |||||||||||
Owned by |
|
| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
|
|
| |||||||||||
Reporting |
|
| |||||||||||
Person With |
| 10. | Shared Dispositive Power: 10,000 | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| 10,000 | |||||||||||
| |||||||||||||
| |||||||||||||
12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
|
|
| |||||||||||
| |||||||||||||
| |||||||||||||
13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
|
| Less than 1% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| IN, HC | |||||||||||
| |||||||||||||
|
Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 7 of 16 Pages | |||||||||||
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| |||||||||||||
1. |
| Names of Reporting Persons | |||||||||||
| |||||||||||||
| |||||||||||||
2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
|
| (a) | [X] |
| (b) | [ ] |
| ||||||
| |||||||||||||
| |||||||||||||
3. |
| SEC Use Only | |||||||||||
| |||||||||||||
| |||||||||||||
4. |
| Source of Funds (See Instructions) | |||||||||||
|
| AF | |||||||||||
| |||||||||||||
|
|
| |||||||||||
5. |
| Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) | [ ] |
| |||||||||
|
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| |||||||||||
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| |||||||||||
6. |
| Citizenship or Place of Organization | |||||||||||
|
| New York | |||||||||||
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| |||||||||||
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|
| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
|
|
| |||||||||||
Shares |
|
| |||||||||||
Beneficially |
| 8. | Shared Voting Power: 10,000 | ||||||||||
|
|
| |||||||||||
Owned by |
|
| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
|
|
| |||||||||||
Reporting |
|
| |||||||||||
Person With |
| 10. | Shared Dispositive Power: 10,000 | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| 10,000 | |||||||||||
| |||||||||||||
| |||||||||||||
12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
|
|
| |||||||||||
| |||||||||||||
| |||||||||||||
13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
|
| Less than 1% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| OO | |||||||||||
| |||||||||||||
|
Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 8 of 16 Pages | |||||||||||
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| |||||||||||||
1. |
| Names of Reporting Persons | |||||||||||
| |||||||||||||
| |||||||||||||
2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
|
| (a) | [X] |
| (b) | [ ] |
| ||||||
| |||||||||||||
| |||||||||||||
3. |
| SEC Use Only | |||||||||||
| |||||||||||||
| |||||||||||||
4. |
| Source of Funds (See Instructions) | |||||||||||
|
| WC | |||||||||||
| |||||||||||||
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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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| |||||||||||
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|
| |||||||||||
6. |
| Citizenship or Place of Organization | |||||||||||
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| New York | |||||||||||
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| |||||||||||
|
|
| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
|
|
| |||||||||||
Shares |
|
| |||||||||||
Beneficially |
| 8. | Shared Voting Power: 7,300 | ||||||||||
|
|
| |||||||||||
Owned by |
|
| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
|
|
| |||||||||||
Reporting |
|
| |||||||||||
Person With |
| 10. | Shared Dispositive Power: 7,300 | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| 7,300 | |||||||||||
| |||||||||||||
| |||||||||||||
12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
|
|
| |||||||||||
| |||||||||||||
| |||||||||||||
13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
|
| Less than 1% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| PN | |||||||||||
| |||||||||||||
|
Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 9 of 16 Pages | |||||||||||
| |||||||||||||
| |||||||||||||
1. |
| Names of Reporting Persons | |||||||||||
| |||||||||||||
| |||||||||||||
2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
|
| (a) | [X] |
| (b) | [ ] |
| ||||||
| |||||||||||||
| |||||||||||||
3. |
| SEC Use Only | |||||||||||
| |||||||||||||
| |||||||||||||
4. |
| Source of Funds (See Instructions) | |||||||||||
|
| WC | |||||||||||
| |||||||||||||
|
|
| |||||||||||
5. |
| Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) | [ ] |
| |||||||||
|
|
| |||||||||||
|
|
| |||||||||||
6. |
| Citizenship or Place of Organization | |||||||||||
|
| New York | |||||||||||
|
|
| |||||||||||
|
|
| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
|
|
| |||||||||||
Shares |
|
| |||||||||||
Beneficially |
| 8. | Shared Voting Power: 2,700 | ||||||||||
|
|
| |||||||||||
Owned by |
|
| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
|
|
| |||||||||||
Reporting |
|
| |||||||||||
Person With |
| 10. | Shared Dispositive Power: 2,700 | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| 2,700 | |||||||||||
| |||||||||||||
| |||||||||||||
12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
|
|
| |||||||||||
| |||||||||||||
| |||||||||||||
13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
|
| Less than 1% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| PN | |||||||||||
| |||||||||||||
|
Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 10 of 16 Pages | |||||||||||
| |||||||||||||
| |||||||||||||
1. |
| Names of Reporting Persons | |||||||||||
| |||||||||||||
| |||||||||||||
2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
|
| (a) | [X] |
| (b) | [ ] |
| ||||||
| |||||||||||||
| |||||||||||||
3. |
| SEC Use Only | |||||||||||
| |||||||||||||
| |||||||||||||
4. |
| Source of Funds (See Instructions) | |||||||||||
|
| AF | |||||||||||
| |||||||||||||
|
|
| |||||||||||
5. |
| Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) | [ ] |
| |||||||||
|
|
| |||||||||||
|
|
| |||||||||||
6. |
| Citizenship or Place of Organization | |||||||||||
|
| United States | |||||||||||
|
|
| |||||||||||
|
|
| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
|
|
| |||||||||||
Shares |
|
| |||||||||||
Beneficially |
| 8. | Shared Voting Power: -0- | ||||||||||
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Owned by |
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Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
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Reporting |
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Person With |
| 10. | Shared Dispositive Power: -0- | ||||||||||
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11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
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| -0- | |||||||||||
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12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
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| |||||||||||
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13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
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| 0% | |||||||||||
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14. |
| Type of Reporting Person (See Instructions) | |||||||||||
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| IN, HC | |||||||||||
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Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 11 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
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2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
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| (a) | [X] |
| (b) | [ ] |
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3. |
| SEC Use Only | |||||||||||
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4. |
| Source of Funds (See Instructions) | |||||||||||
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| AF | |||||||||||
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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 | |||||||||||
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| United States | |||||||||||
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Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
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Shares |
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Beneficially |
| 8. | Shared Voting Power: -0- | ||||||||||
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Owned by |
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Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
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Reporting |
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Person With |
| 10. | Shared Dispositive Power: -0- | ||||||||||
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11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
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| -0- | |||||||||||
| |||||||||||||
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12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
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| |||||||||||
| |||||||||||||
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13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
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| 0% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| IN, HC | |||||||||||
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|
Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 12 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
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2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
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| (a) | [X] |
| (b) | [ ] |
| ||||||
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3. |
| SEC Use Only | |||||||||||
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4. |
| Source of Funds (See Instructions) | |||||||||||
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| AF | |||||||||||
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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 | |||||||||||
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| Delaware | |||||||||||
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| |||||||||||
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| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
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| |||||||||||
Shares |
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| |||||||||||
Beneficially |
| 8. | Shared Voting Power: -0- | ||||||||||
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| |||||||||||
Owned by |
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| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
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| |||||||||||
Reporting |
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| |||||||||||
Person With |
| 10. | Shared Dispositive Power: -0- | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| -0- | |||||||||||
| |||||||||||||
| |||||||||||||
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) | |||||||||||
|
| 0% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| OO | |||||||||||
| |||||||||||||
|
Schedule 13D | |||||||||||||
CUSIP No. 502003 10 6 |
| Page 13 of 16 Pages | |||||||||||
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1. |
| Names of Reporting Persons | |||||||||||
| |||||||||||||
| |||||||||||||
2. |
| Check the Appropriate Box if a Member of a Group (See Instructions) | |||||||||||
|
| (a) | [X] |
| (b) | [ ] |
| ||||||
| |||||||||||||
| |||||||||||||
3. |
| SEC Use Only | |||||||||||
| |||||||||||||
| |||||||||||||
4. |
| Source of Funds (See Instructions) | |||||||||||
|
| WC | |||||||||||
| |||||||||||||
|
|
| |||||||||||
5. |
| Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) | [ ] |
| |||||||||
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| |||||||||||
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| |||||||||||
6. |
| Citizenship or Place of Organization | |||||||||||
|
| Delaware | |||||||||||
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| |||||||||||
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| |||||||||||
Number of |
| 7. | Sole Voting Power: -0- | ||||||||||
|
|
| |||||||||||
Shares |
|
| |||||||||||
Beneficially |
| 8. | Shared Voting Power: -0- | ||||||||||
|
|
| |||||||||||
Owned by |
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| |||||||||||
Each |
| 9. | Sole Dispositive Power: -0- | ||||||||||
|
|
| |||||||||||
Reporting |
|
| |||||||||||
Person With |
| 10. | Shared Dispositive Power: -0- | ||||||||||
| |||||||||||||
| |||||||||||||
11. |
| Aggregate Amount Beneficially Owned by Each Reporting Person | |||||||||||
|
| -0- | |||||||||||
| |||||||||||||
| |||||||||||||
12. |
| Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |||||||||||
|
|
| |||||||||||
| |||||||||||||
| |||||||||||||
13. |
| Percent of Class Represented by Amount in Row (11) | |||||||||||
|
| 0% | |||||||||||
| |||||||||||||
| |||||||||||||
14. |
| Type of Reporting Person (See Instructions) | |||||||||||
|
| PN | |||||||||||
| |||||||||||||
|
SCHEDULE 13D | |||||||
CUSIP No. 502003 10 6 |
| Page 14 of 16 Pages | |||||
| |||||||
This Statement on Schedule 13D Amendment No. 8 (this "Statement") is filed on behalf of the Reporting Persons with the Securities and Exchange Commission (the "Commission"). This Statement amends the Initial Statement of Beneficial Ownership on Schedule 13D relating to Units of Beneficial Interest (the "Units") of LL&E Royalty Trust (the "Issuer"), filed on October 23, 2008 with the Commission as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, and Amendment No. 7 thereto, filed with the Commission on February 9, 2009, June 10, 2009, September 2, 2009, December 28, 2009, May 5, 2010, July 1, 2010 and July 23, 2010, respectively (as so amended, the "Amended Statement"), as specifically set forth herein. Capitalized terms used herein and not otherwise defined herein shall have the same meanings ascribed to them in the Amended Statement. | |||||||
|
| ||||||
Item 3. | Source and Amount of Funds and Consideration | ||||||
|
| ||||||
Item 3 of the Amended Statement is hereby amended and restated to read as follows: | |||||||
| |||||||
The aggregate purchase price of the 7,300 Units held by RIC is $4,582.11 (including brokerage fees and expenses). All of the Units beneficially held by RIC were paid for using its working capital. | |||||||
| |||||||
The aggregate purchase price of the 2,700 Units held by RI is $1,695.90 (including brokerage fees and expenses). All of the Units beneficially held by RIC were paid for using its working capital. | |||||||
| |||||||
Item 5. | Interest in Securities of the Issuer | ||||||
|
| ||||||
Item 5 of the Amended Statement is hereby amended and restated to read as follows: | |||||||
|
| ||||||
(a)-(b) | As of December 28, 2010, the aggregate number of Units and percentage of the outstanding Units of the Issuer beneficially owned (i) by each of the Reporting Persons, and (ii) to the knowledge of the Reporting Persons, by each other person who may be deemed to be a member of a group, is as follows: | ||||||
| |||||||
|
|
|
|
| |||
| |||||||
|
|
|
|
| |||
Robotti (1)(2)(3) | 10,000 | 0 | 10,000 | ** | |||
ROBT (1) | 0 | 0 | 0 | 0% | |||
Robotti & Company (1) | 0 | 0 | 0 | 0% | |||
Robotti Advisors(1) | 0 | 0 | 0 | 0% | |||
Wasiak (1)(2)(3) | 10,000 | 0 | 10,000 | ** | |||
RMC (1)(2)(3) | 10,000 | 0 | 10,000 | ** | |||
RIC (1)(2) | 7,300 | 0 | 7,300 | ** | |||
RI (1)(3) | 2,700 | 0 | 2,700 | ** | |||
Stein (1) | 0 | 0 | 0 | 0% | |||
Sternberg (1) | 0 | 0 | 0 | 0% | |||
SHC (1) | 0 | 0 | 0 | 0% | |||
SHP (1) | 0 | 0 | 0 | 0% | |||
| |||||||
*Based on 18,991,304 Units of Beneficial Interest outstanding as of August 25, 2009 as disclosed in the Issuer's Annual Report on Form 10-K, for the year ended December 31, 2008. ** Less than one percent. | |||||||
|
SCHEDULE 13D | |||||||||||
CUSIP No. 502003 10 6 |
| Page 15 of 16 Pages | |||||||||
| |||||||||||
(1) Each of the Reporting Persons disclaims beneficial ownership of the securities held by the other Reporting Persons except to the extent of such Reporting Person's pecuniary interest therein, if any. | |||||||||||
| |||||||||||
(c) The table below lists all the transactions in the Issuer's Units in the past sixty days by the Reporting Persons. All such transactions were made by Robotti & Company, Robotti Advisors, RIC, RI, and SHP in the open market. | |||||||||||
| |||||||||||
Transactions in Units Within The Past Sixty Days | |||||||||||
| |||||||||||
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
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| |||
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Robotti & Company's Discretionary Customers |
|
|
|
| |||||||
Robotti Advisors' Advisory Clients |
| 12/21/2010 |
| 1,000 |
| SELL |
| $0.75 | |||
Robotti Advisors' Advisory Clients |
| 12/22/2010 |
| 300 |
| SELL |
| $0.75 | |||
Robotti & Company's Discretionary Customers |
|
|
|
|
|
| |||||
RIC |
| 12/23/2010 |
| 1,301,217 |
| SELL |
| $0.75 | |||
RI |
| 12/23/2010 |
| 542,804 |
| SELL |
| $0.75 | |||
SHP |
| 12/23/2010 |
| 293,564 |
| SELL |
| $0.75 | |||
| |||||||||||
(d) | Robotti & Company's discretionary customers and Robotti Advisors' clients have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, Units owned by them. Except as set forth in the immediately preceding sentence, no Person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Units beneficially owned by the Reporting Persons. | ||||||||||
| |||||||||||
(e) | As of December 23, 2010, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Issuer's Units. | ||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
(The remainder of this page was intentionally left blank) | |||||||||||
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| |||||||||||
|
SCHEDULE 13D | |||||||
CUSIP No. 502003 10 6 |
| Page 16 of 16 Pages | |||||
|
|
| |||||
SIGNATURE | |||||||
After reasonable inquiry and to the best of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. | |||||||
| |||||||
Date: | December 28, 2010 |
|
| ||||
| |||||||
|
|
| Robotti & Company, Incorporated | ||||
|
|
|
| ||||
| /s/ Robert E. Robotti |
| By: | /s/ Robert E. Robotti | |||
|
|
|
|
| |||
| Robert E. Robotti |
|
| Name: Robert E. Robotti | |||
|
|
| Title: President and Treasurer | ||||
|
|
|
| ||||
Robotti & Company, LLC |
| Robotti & Company Advisors, LLC | |||||
| |||||||
By: | /s/ Robert E. Robotti |
| By: | /s/ Robert E. Robotti | |||
|
|
|
|
| |||
| Name: Robert E. Robotti |
|
| Name: Robert E. Robotti | |||
| Title: President and Treasurer |
|
| Title: President and Treasurer | |||
|
|
|
|
| |||
Ravenswood Management Company, L.L.C. |
|
|
| ||||
|
|
|
|
| |||
By: | /s/ Robert E. Robotti |
|
| /s/ Kenneth R. Wasiak | |||
|
|
|
|
| |||
| Name: Robert E. Robotti |
|
| Kenneth R. Wasiak | |||
| Title: Managing Member |
|
|
| |||
|
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| |||
Ravenswood Investments III, L.P. |
|
| The Ravenswood Investment Company, L.P. | ||||
|
|
|
|
| |||
By: | Ravenswood Management Company, L.L.C. |
| By: | Ravenswood Management Company, L.L.C. | |||
| Its General Partner |
|
| Its General Partner | |||
|
|
|
|
| |||
By: | /s/ Robert E. Robotti |
| By: | /s/ Robert E. Robotti | |||
|
|
|
|
| |||
| Name: Robert E. Robotti |
|
| Name: Robert E. Robotti | |||
| Title: Managing Member |
|
| Title: Managing Member | |||
|
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| |||
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| |||
Spruce House Capital LLC |
|
| /s/ Benjamin Stein | ||||
|
|
|
|
| |||
|
|
|
| Benjamin Stein | |||
By: | /s/ Benjamin Stein |
|
|
| |||
|
|
| : |
| |||
| Name: Benjamin Stein |
|
| /s/ Zachary Sternberg | |||
|
|
|
|
| |||
| Title: Managing Member |
|
| Zachary Sternberg | |||
|
|
|
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| |||
The Spruce House Partnership LP |
|
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| ||||
|
|
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| |||
By: | Spruce House Capital LLC |
|
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| |||
| Its General Partner |
|
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| |||
|
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| |||
By: | /s/ Benjamin Stein |
|
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| |||
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|
| |||
| Name: Benjamin Stein |
|
|
| |||
| Title: Managing Member |
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| |||
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