SC 13D/A
Amendment Number 12 to Schedule 13D
Page 1 of 11 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
SAGA COMMUNICATIONS, INC.
-----------------------------------------------------
(Name of Issuer)
COMMON STOCK, CLASS A
-----------------------------------------------------
(Title of Class of Securities)
786598102
-----------------------------------------------------
(CUSIP Number)
Linda S. Martinson, Esq. (212) 583-2000
767 Fifth Avenue, 49th Floor, New York, NY 10153
-----------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
-----------------------------------------------------
(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 filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 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).
SEC 1746 (12-91)
Amendment Number 12 to Schedule 13D (continued)
CUSIP No. 786598102 Page 2 of 11 Pages
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baron Capital Group, Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS
2(C) OR 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 757,365
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 5,690,924
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 757,365
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,690,924
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,448,289
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.1%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 12 to Schedule 13D (continued)
CUSIP No. 786598102 Page 3 of 11 Pages
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BAMCO, Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS
2(C) OR 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 4,384,753
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,384,753
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,384,753
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.0%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 12 to Schedule 13D (continued)
CUSIP No. 786598102 Page 4 of 11 Pages
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baron Capital Management, Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS
2(C) OR 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 757,365
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,306,170
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 757,365
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,306,170
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,063,535
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.1%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 12 to Schedule 13D (continued)
CUSIP No. 786598102 Page 5 of 11 Pages
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baron Asset Fund
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS
2(C) OR 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 3,664,753
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,664,753
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,664,753
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.1%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV, OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 12 to Schedule 13D (continued)
CUSIP No. 786598102 Page 6 of 11 Pages
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ronald Baron
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS
2(C) OR 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 757,365
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 5,690,924
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 757,924
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,690,924
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,448,289
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.1%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 7 of 11 Pages
Item 1. Security and Issuer
(a) Name of Issuer:
Saga Communications, Inc.
(b) Address of Issuer's Principal Executive Offices:
73 Kercheval Avenue
Grosse Pointe Farms, MI 48236
(c) Title and Class of Securities:
Class A
Item 2. Identity and Background
(a) Name:
Baron Capital Group, Inc. ("BCG")
BAMCO, Inc. ("BAMCO")
Baron Capital Management, Inc. ("BCM")
Baron Asset Fund ("BAF")
Ronald Baron
(b) Business Address:
767 Fifth Avenue
New York, NY 10153
(c) Present Principal Business or Employment:
BCG: Holding company
BAMCO: Investment adviser
BCM: Investment adviser
BAF: Registered investment company
Ronald Baron: President: BCG, BAMCO, BCM; CEO of BAF
767 Fifth Avenue
New York, NY 10153
(d) Record of Convictions:
No material change.
(e) Record of Civil Proceedings:
No material change.
(f) Citizenship:
No material change.
Item 3. Source and Amount of Funds or Other Consideration
Reporting Person does not own any shares of the Issuer directly. BAMCO
directed the purchase of 4,384,753 shares of the Issuer for its
investment advisory clients for an aggregate purchase price of
$39,510,939. Of those shares, 3,664,753 were purchased for the account
of BAF for a total price of $30,894,777. BCM directed the purchase of
1,306,170 shares of the Issuer for its investment advisory clients for
an aggregate purchase price of $16,523,604 and 757,365 shares of the
Issuer for an investment partnership for an aggregate price of
$11,837,847. All of the shares were paid for by cash assets in the
respective clients' accounts and/or by margin borrowings pursuant to
standard margin agreements.
Page 8 of 11 Pages
Item 4. Purpose of Transaction
No material change.
Item 5. Interest in Securities of the Issuer
(a) Amount and percentage beneficially owned*:
BCG: 6,448,289 44.1%
BAMCO: 4,384,753 30.0%
BCM: 2,063,535 14.1%
BAF: 3,664,753 25.1%
Ronald Baron: 6,448,289 44.1%
(b) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
BCG: 757,365
BAMCO: 0
BCM: 757,365
BAF: 0
Ronald Baron: 757,365
(ii) shared power to vote or direct the vote:
BCG: 5,690,924
BAMCO: 4,384,753
BCM: 1,306,170
BAF: 3,664,753
Ronald Baron: 5,690,924
(iii) sole power to dispose or to direct the disposition:
BCG: 757,365
BAMCO: 0
BCM: 757,365
BAF: 0
Ronald Baron: 757,365
(iv) shared power to dispose or direct the disposition:
BCG: 5,690,924
BAMCO: 4,384,753
BCM: 1,306,170
BAF: 3,664,753
Ronald Baron: 5,690,924
*Reporting Persons may be deemed to share power to vote
and dispose of shares referred to herein as a result of
control relationships (BCG and Ronald Baron with respect
to all of the shares; BAMCO with respect to the BAF
shares) and pursuant to investment advisory relationships
with advisory clients. Reporting Persons disclaim
beneficial ownership of the shares for which they share
power.
#The percentages reported are with respect to Class A
stock only, which has one vote per share. The Issuer's
Class B stock has 10 votes per share, making the total
combined voting percentage for the Registrants hereunder
equal to 19.2 of the combined voting classes of the
Issuer's outstanding voting securities.
(c) A schedule of transactions effected in the last sixty
days is attached hereto.
Page 9 of 11 Pages
(d) Ownership of More than Five Percent on Behalf of Another
Person:
No material change.
(e) Ownership of Less than Five Percent:
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
No material change.
Item 7. Material to be Filed as Exhibits
Exhibit 99 - 60 days of trading.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: April 26, 2001
Baron Capital Group, Inc.,
BAMCO, Inc., Baron Capital Management, Inc.
and Baron Asset Fund
By:
/s/ Ronald Baron
_______________________________________
Ronald Baron, Chairman and CEO
TRANSACTION SCHEDULE
FROM 02/26/01 TO 04/25/01
EXECUTED
DATE ACCOUNT TRANS QUANTITY PRICE
03-20-01 bcm buy 1,000 15.4500
03-20-01 bcm buy 5,300 15.0000
03-20-01 bamco buy 4,100 15.4500
03-20-01 bamco buy 20,800 15.0000
03-20-01 bcm buy 700 15.4500
03-20-01 bcm buy 3,500 15.0000
03-20-01 bcm buy 300 15.4500
03-20-01 bcm buy 1,800 15.0000
03-20-01 bcm buy 100 15.4500
03-20-01 bcm buy 400 15.0000
03-20-01 bcm buy 700 15.4500
03-20-01 bcm buy 3,500 15.0000
03-20-01 bcm buy 600 15.4500
03-20-01 bcm buy 3,200 15.0000
03-21-01 bamco buy 3,300 14.6088
03-21-01 bcm buy 2,000 15.1567
03-21-01 bcm buy 1,100 14.6088
03-21-01 bamco buy 8,200 15.1567
03-21-01 bamco buy 4,400 14.6088
03-21-01 bcm buy 1,400 15.1567
03-21-01 bcm buy 700 14.6088
03-21-01 bcm buy 700 15.1567
03-21-01 bcm buy 400 14.6088
03-21-01 bcm buy 100 15.1567
03-21-01 bcm buy 100 14.6088
03-21-01 bcm buy 1,400 15.1567
03-21-01 bcm buy 700 14.6088
03-21-01 bcm buy 1,200 15.1567
03-21-01 bcm buy 700 14.6088
03-22-01 bamco buy 1,000 14.7000
03-22-01 bcm buy 300 14.7000
03-22-01 bamco buy 1,400 14.7000
03-22-01 bcm buy 200 14.7000
03-22-01 bcm buy 100 14.7000
03-22-01 bcm buy 200 14.7000
03-22-01 bcm buy 200 14.7000
03-27-01 bamco buy 4,100 15.2393
03-27-01 bcm buy 1,400 15.2393
03-27-01 bamco buy 3,000 15.2393
03-27-01 bcm buy 900 15.2393
03-27-01 bcm buy 500 15.2393
03-27-01 bcm buy 900 15.2393
03-27-01 bcm buy 900 15.2393
03-28-01 bamco buy 900 15.3400
03-28-01 bcm buy 300 15.3400
03-28-01 bamco buy 600 15.3400
03-28-01 bcm buy 200 15.3400
03-28-01 bcm buy 100 15.3400
03-28-01 bcm buy 200 15.3400
03-28-01 bcm buy 200 15.3400
03-29-01 bamco buy 8,800 15.2500
03-29-01 bamco buy 1,500 15.2726
03-29-01 bcm buy 3,000 15.2500
03-29-01 bcm buy 2,300 15.2726
03-29-01 bamco buy 6,300 15.2500
03-29-01 bamco buy 16,400 15.2726
03-29-01 bcm buy 2,000 15.2500
03-29-01 bcm buy 4,200 15.2726
03-29-01 bcm buy 900 15.2500
03-29-01 bcm buy 200 15.2726
03-29-01 bcm buy 300 15.2500
03-29-01 bcm buy 2,000 15.2500
03-29-01 bcm buy 300 15.2726
03-29-01 bcm buy 1,700 15.2500
03-29-01 bcm buy 200 15.2726
03-30-01 bamco buy 300 15.5000
03-30-01 bcm sell 9,451 16.5000
04-05-01 bamco buy 100 15.7339
04-05-01 bcm buy 200 15.7339
04-05-01 bamco buy 2,400 15.7500
04-05-01 bamco buy 14,800 15.7339
04-05-01 bcm buy 100 15.7500
04-05-01 bcm buy 400 15.7339
04-06-01 bamco buy 200 15.3269
04-06-01 bcm buy 400 15.3269
04-06-01 bamco buy 18,400 15.3269
04-06-01 bcm buy 500 15.3269
04-09-01 bcm sell 472 15.2500
04-10-01 bamco buy 100 15.0600
04-10-01 bcm sell 2,000 15.3000
04-11-01 bamco buy 100 15.3942
04-11-01 bcm buy 100 15.3942
04-11-01 bamco buy 4,700 15.3942
04-11-01 bcm buy 100 15.3942
04-11-01 bcm buy 100 15.3942
04-11-01 bcm buy 100 15.3942
04-12-01 bamco buy 100 15.5500
04-16-01 bamco buy 4,000 16.0000
04-16-01 bcm buy 100 16.0000
04-17-01 bcm buy 4,894 15.5204