SC 13D/A
Amendment Number 15 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. 16)*
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 16 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 830,000
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 6,258,390
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 830,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,258,390
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,088,390
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.67%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 16 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 5,156,400
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,156,400
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,156,400
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.13%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 16 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 830,000
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,101,991
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 830,000
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,101,991
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,931,991
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.54%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 16 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 4,140,000
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,140,000
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,140,000
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.59%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV, OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Amendment Number 16 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 830,000
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 6,258,390
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 830,000
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,258,390
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,088,390
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.67%
- -----------------------------------------------------------------------------
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 Ave.
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: Chairman & CEO: BCG, BAMCO, BCM; 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
Sincethe last filing, BAMCO directed the purchase of 6,750 shares of the Issuer
for its Investment Advisory clients for an aggregrate purchase price of
$130,655. All of the shares were paid for by cash assets in the respective
client accouns 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: 7,088,390 38.67%
BAMCO: 5,156,400 28.13%
BCM: 1,931,991 10.54%
BAF: 4,140,000 22.59%
Ronald Baron: 7,088,390 38.67%
(b) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
BCG: 830,000
BAMCO: 0
BCM: 830,000
BAF: 0
Ronald Baron: 830,000
(ii) shared power to vote or direct the vote:
BCG: 6,258,390
BAMCO: 5,156,400
BCM: 1,101,991
BAF: 4,140,000
Ronald Baron: 6,258,390
(iii) sole power to dispose or to direct the disposition:
BCG: 830,000
BAMCO: 0
BCM: 830,000
BAF: 0
Ronald Baron: 830,000
(iv) shared power to dispose or direct the disposition:
BCG: 6,258,390
BAMCO: 5,156,400
BCM: 1,101,991
BAF: 4,140,000
Ronald Baron: 6,258,390
*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.
(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: January 28, 2003
Baron Capital Group, Inc.,
BAMCO, Inc., Baron Capital Management, Inc.
and Baron Asset Fund
By:
/s/ Ronald Baron
_______________________________________
Ronald Baron, Chairman and CEO
Saga Communications
Transaction Schedule
From 01-29-03 To 03-27-03
Exec.
Date Account ID Activity Quantity Price Exchange
- -------- ------------ ---------- ---------- ------- --------
1/29/03 bamco sl 2,500 17.9392 MSE
1/31/03 bamco sl 1,200 17.4900 MSE
1/31/03 bamco sl 4,300 17.1730 MSE
1/31/03 bcm by 900 16.9981 MSE
1/31/03 bcm by 100 16.9981 MSE
1/31/03 bcm by 600 16.9981 MSE
1/31/03 bcm by 200 16.9981 MSE
1/31/03 bamco by 800 16.9981 MSE
2/3/03 bamco sl 1,300 17.3300 MSE
2/3/03 bamco sl 700 17.3300 MSE
2/3/03 bcm sl 1,000 17.2710 MSE
2/4/03 bamco sl 2,000 17.5000 MSE
2/4/03 bcm sl 2,000 17.4875 MSE
2/5/03 bamco sl 5,500 17.5000 MSE
2/6/03 bcm by 3,100 16.9500 MSE
2/6/03 bcm by 300 16.9500 MSE
2/6/03 bcm by 200 16.9500 MSE
2/6/03 bcm by 200 17.1500 MSE
2/6/03 bcm by 2,600 16.9500 MSE
2/6/03 bcm by 100 17.1500 MSE
2/6/03 bcm by 900 16.9500 MSE
2/6/03 bamco by 3,200 16.9500 MSE
2/10/03 bamco sl 2,500 17.2000 MSE
2/10/03 bcm by 5,000 16.9000 MSE
2/19/03 bamco sl 3,300 17.0000 MSE
2/21/03 bamco sl 4,700 16.3268 MSE
2/24/03 bamco sl 2,000 16.5000 MSE
2/26/03 bcm by 1,800 16.7633 MSE
2/27/03 bamco sl 2,500 16.8340 MSE
2/28/03 bamco sl 1,500 17.3520 MSE
3/3/03 bcm sl 950 16.9300 MSE
3/4/03 bamco sl 6,000 17.0833 MSE
3/4/03 bcm by 1,700 17.0053 MSE
3/4/03 bcm sl 600 17.0000 MSE
3/5/03 bcm sl 2,500 16.9740 MSE
3/6/03 bcm by 1,900 17.1500 MSE
3/6/03 bcm sl 7,500 17.3247 MSE
3/10/03 bcm sl 300 17.6500 MSE
3/11/03 bcm sl 3,200 17.2825 MSE
3/11/03 bcm by 2,100 17.1476 MSE
3/12/03 bcm sl 1,000 16.9950 MSE
3/12/03 bcm sl 100 17.0000 MSE
3/12/03 bcm sl 3,500 16.9057 MSE
3/13/03 bcm sl 6,700 17.3172 MSE
3/14/03 bcm sl 39,100 17.1919 MSE
3/14/03 bcm sl 1,600 17.2850 MSE
3/17/03 bamco sl 1,600 17.7000 MSE
3/17/03 bcm sl 500 17.7000 MSE
3/17/03 bcm sl 1,000 17.3250 MSE
3/17/03 bcm sl 700 17.6133 MSE
3/17/03 bcm sl 400 17.7000 MSE
3/17/03 bcm sl 700 17.3250 MSE
3/17/03 bcm sl 500 17.6133 MSE
3/17/03 bcm sl 2,100 17.7738 MSE
3/17/03 bcm sl 4,900 17.7310 MSE
3/18/03 bamco sl 2,800 18.2100 MSE
3/18/03 bamco sl 2,100 18.1940 MSE
3/18/03 bcm sl 1,500 18.2100 MSE
3/18/03 bcm sl 1,300 18.1940 MSE
3/18/03 bcm sl 100 18.2100 MSE
3/18/03 bcm sl 100 18.1940 MSE
3/19/03 bamco sl 14,900 18.1250 MSE
3/19/03 bamco sl 2,500 18.4863 MSE
3/19/03 bcm sl 8,400 18.1250 MSE
3/19/03 bcm sl 1,300 18.4863 MSE
3/19/03 bcm sl 500 18.1250 MSE
3/20/03 bcm sl 1,300 18.3300 MSE
3/20/03 bcm sl 1,400 18.5140 MSE
3/20/03 bcm sl 5,400 18.3300 MSE
3/20/03 bcm sl 6,100 18.5140 MSE
3/21/03 bcm sl 2,700 18.8371 MSE
3/21/03 bcm sl 850 18.4000 MSE
3/21/03 bcm sl 11,600 18.8371 MSE
3/25/03 bcm sl 600 18.6443 MSE
3/25/03 bcm sl 2,900 18.6443 MSE
3/27/03 bcm sl 83,600 17.2500 MSE
3/27/03 bcm sl 200 18.0008 MSE
3/27/03 bcm sl 7,225 17.2500 MSE
3/27/03 bcm sl 455,975 17.2500 MSE
3/27/03 bcm sl 1,025 18.0008 MSE
3/27/03 baf sl 576,100 17.2500 MSE