UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Amendment No. 1
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Torch Energy Royalty Trust
--------------------------
(Name of Issuer)
Units of Beneficial Interest
----------------------------
(Title of Class of Securities)
891013104
---------
(CUSIP Number)
Mr. James A. Mitarotonda
c/o Barington Companies Equity Partners, L.P.
888 Seventh Avenue, 17th Floor
New York, NY 10019
(212) 974-5700
--------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
December 23, 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 which 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: |_|.
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Equity Partners, L.P. 13-4088890
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 96,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 96,200
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,200
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.12%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Investors, LLC 13-4126527
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 96,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 96,200
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,200
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.12%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Offshore Fund, Ltd. (BVI)
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 72,150
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 72,150
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,150
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.84%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Investments, L.P. 20-2871525
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 72,150
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 72,150
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,150
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.84%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Companies Advisors, LLC 20-0327470
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 144,300
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 144,300
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
144,300
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.68%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IA,OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barington Capital Group, L.P. 13-3635132
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 240,500
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 240,500
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,500
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LNA Capital Corp. 13-3635168
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 240,500
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 240,500
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,500
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Mitarotonda
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 240,500
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 240,500
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,500
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alpine Associates, A Limited Partnership 06-0944931
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 243,100
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 243,100
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
243,100
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.83%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN,BD
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alpine Partners, L.P. 22-3528110
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 33,100
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 33,100
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,100
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.38%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN,BD
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alpine Associates II, L.P. 20-1476614
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 17,500
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 17,500
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,500
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Palisades Partners, L.P. 13-3456480
_____________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) |_|
______________________________________________________________________________
3) SEC USE ONLY
______________________________________________________________________________
4) SOURCE OF FUNDS WC
______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 11,000
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY none
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 11,000
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,000
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.13%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eckert Corporation 22-2548436
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 276,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 17,500
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 276,200
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
17,500
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
293,700
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.42%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
CO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Victoria Eckert
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF 276,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 17,500
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 276,200
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
17,500
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
293,700
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.42%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gordon A. Uehling, Jr.
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 11,000
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
11,000
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,000
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.13%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arbitrage & Trading Management Company
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 28,500
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
28,500
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,500
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.33%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
SCHEDULE 13D
CUSIP No. 891013104
-------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert E. Zoellner
_____________________________________________________________________________
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
ITEMS 2(d) OR 2(e) |_|
______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
______________________________________________________________________________
7) SOLE VOTING POWER
NUMBER OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 28,500
EACH ____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED DISPOSITIVE POWER
28,500
______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,500
______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.33%
______________________________________________________________________________
14) TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
Item 1. Security and Issuer.
--------------------
This Amendment No. 1 amends and supplements the Schedule 13D filed with
the Securities and Exchange Commission (the "SEC") on November 25, 2005 (the
"Statement") by and on behalf of Barington Companies Equity Partners, L.P.
("Barington") and others with respect to units of beneficial interest (the
"Units"), of Torch Energy Royalty Trust, a Delaware trust (the "Trust"). The
principal executive offices of the Trust are located at Rodney Square North,
1100 North Market Street, Wilmington, Delaware 19890.
Item 2. Identity and Background.
------------------------
The second paragraph of Item 2(a)-(c) of the Statement is hereby amended
and restated as follows:
As of the date of this filing, the Reporting Entities are the beneficial
owners of, in the aggregate, 545,200 Units, representing approximately 6.34% of
the Units presently outstanding.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
The information contained in Item 3 of the Statement is hereby amended and
supplemented as follows:
Since the filing of the Statement, the Reporting Entities purchased an
aggregate of 88,700 Units. The amount of funds expended for such purchases was
approximately $246,923.20 by Barington Companies Equity Partners, L.P.,
$185,192.40 by Barington Companies Offshore Fund Ltd. (BVI) and $185,192.40 by
Barington Investments, L.P.
All purchases of Units by the Reporting Entities since the filing of the
Statement were made in open market transactions. All transactions effected since
the filing of the Statement are described in the Schedule attached hereto. All
such purchases of Units were funded by working capital, which may, at any given
time, include margin loans made by brokerage firms in the ordinary course of
business.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
Item 5(a) - (b) of the Statement is hereby amended and restated as follows:
(a) As of the date of this filing, Barington Companies Equity Partners,
L.P. beneficially owns an aggregate of 96,200 Units, representing approximately
1.12% of the Units presently outstanding based upon the 8,600,000 Units reported
by the Trust to be issued and outstanding as of September 30, 2005 in its Form
10-Q filed with the Securities and Exchange Commission on November 10, 2005 (the
"Issued and Outstanding Units"). As the general partner of Barington Companies
Equity Partners, L.P., Barington Companies Investors, LLC may be deemed to
beneficially own the 96,200 Units owned by Barington Companies Equity Partners,
L.P.
As of the date of this filing, Barington Companies Offshore Fund, Ltd.
(BVI) beneficially owns 72,150 Units, constituting approximately 0.84% of the
Issued and Outstanding Units. As of the date of this filing, Barington
Investments, L.P. beneficially owns 72,150 Units. As the
investment advisor to Barington Companies Offshore Fund, Ltd. (BVI) and the
general partner of Barington Investments, L.P., Barington Companies Advisors,
LLC may be deemed to beneficially own the 72,150 Units owned by Barington
Companies Offshore Fund, Ltd. (BVI) and the 72,150 Units owned by Barington
Investments, L.P., representing an aggregate of 144,300 Units, constituting
approximately 1.68% of the Issued and Outstanding Units. As the Managing Member
of Barington Companies Advisors, LLC, Barington Capital Group, L.P. may be
deemed to beneficially own the 72,150 Units beneficially owned by Barington
Investments, L.P. and the 72,150 Units owned by Barington Companies Offshore
Fund, Ltd. (BVI). As the majority member of Barington Companies Investors, LLC,
Barington Capital Group, L.P. may also be deemed to beneficially own the 96,200
Units owned by Barington Companies Equity Partners, L.P., representing an
aggregate of 240,500 Units, constituting approximately 2.8% of the Issued and
Outstanding Units. As the general partner of Barington Capital Group, L.P., LNA
Capital Corp. may be deemed to beneficially own the 96,200 Units owned by
Barington Companies Equity Partners, L.P., the 72,150 Units beneficially owned
by Barington Investments, L.P. and the 72,150 Units owned by Barington Companies
Offshore Fund, Ltd. (BVI), representing an aggregate of 240,500 Units,
constituting approximately 2.8% of the Issued and Outstanding Units. As the sole
stockholder and director of LNA Capital Corp., Mr. Mitarotonda may be deemed to
beneficially own the 96,200 Units owned by Barington Companies Equity Partners,
L.P., the 72,150 Units beneficially owned by Barington Investments, L.P. and the
72,150 Units owned by Barington Companies Offshore Fund, Ltd. (BVI),
representing an aggregate of 240,500 Units, constituting approximately 2.8% of
the Issued and Outstanding Units. Mr. Mitarotonda has sole voting and
dispositive power with respect to the 96,200 Units owned by Barington Companies
Equity Partners, L.P., the 72,150 Units beneficially owned by Barington
Investments, L.P. and the 72,150 Units owned by Barington Companies Offshore
Fund, Ltd. (BVI). Mr. Mitarotonda disclaims beneficial ownership of any such
Units except to the extent of his pecuniary interest therein.
As of the date of this filing, Alpine Associates, A Limited Partnership
beneficially owns 243,100 Units, representing approximately 2.83% of the Issued
and Outstanding Units. As of the date of this filing, Alpine Partners, L.P.
beneficially owns 33,100 Units, representing approximately 0.38% of the Issued
and Outstanding Units. As of the date of this filing, Alpine Associates II, L.P.
beneficially owns 17,500 Units, representing approximately 0.20% of the Issued
and Outstanding Units. As of the date of this filing, Palisades Partners, L.P.
beneficially owns approximately 11,000 Units, representing approximately 0.13%
of the Issued and Outstanding Units. As the general partner of each of Alpine
Associates, A Limited Partnership, Alpine Partners, L.P. and Alpine Associates
II, L.P., Eckert Corporation may be deemed to beneficially own the 243,100 Units
owned by Alpine Associates, A Limited Partnership, the 33,100 Units owned by
Alpine Partners, L.P. and the 17,500 Units owned by Alpine Associates II, L.P.,
representing an aggregate of 293,700 Units, constituting approximately 3.42% of
the Issued and Outstanding Units. As the sole stockholder and director of Eckert
Corporation, Ms. Eckert may be deemed to beneficially own the 243,100 Units
owned by Alpine Associates, A Limited Partnership, the 33,100 Units owned by
Alpine Partners, L.P. and the 17,500 Units owned by Alpine Associates II, L.P.,
representing an aggregate of 293,700 Units, constituting approximately 3.42% of
the Issued and Outstanding Units. As the general partner of Palisades Partners,
L.P., Mr. Uehling may be deemed to beneficially own the 11,000 Units owned by
Palisades Partners, L.P., representing approximately 0.13% of the Issued and
Outstanding Units. Pursuant to investment advisory agreements with each of
Alpine Associates II, L.P. and
Palisades Partners, L.P. further described in Item 5(b) below, Arbitrage &
Trading Management Company may be deemed to beneficially own the 17,500 Units
owned by Alpine Associates II, L.P. and the 11,000 Units owned by Palisades
Partners, L.P., representing an aggregate of 28,500 Units, constituting
approximately 0.33% of the Issued and Outstanding Units. As the owner and
operator of Arbitrage & Trading Management Company, Mr. Zoellner may be deemed
to beneficially own the 17,500 Units owned by Alpine Associates II, L.P. and the
11,000 Units owned by Palisades Partners, L.P., representing an aggregate of
28,500 Units, constituting approximately 0.33% of the Issued and Outstanding
Units. Eckert Corporation, Ms. Eckert, Mr. Uehling, Arbitrage & Trading
Management Company and Mr. Zoellner disclaim beneficial ownership of any such
Units except to the extent of their pecuniary interest therein.
(b) Each of the Reporting Entities may be deemed to have sole voting and
dispositive power over the Units reported as beneficially owned by such person
by virtue of their respective positions as described in paragraph (a), except as
follows:
(1) Pursuant to an investment advisory agreement between Alpine
Associates II, L.P. and Arbitrage & Trading Management
Company, Arbitrage & Trading Management Company acts as an
investment advisor to Alpine Associates II, L.P. and has the
discretion to manage its investment activities. As a result,
the 17,500 Units owned by Alpine Associates II, L.P. that may
be deemed to be beneficially owned by Eckert Corporation and
Ms. Eckert may also be deemed to be beneficially owned by
Arbitrage & Trading Management Company and Mr. Zoellner.
Therefore, each of Eckert Corporation, Ms. Eckert, Arbitrage &
Trading Management Company and Mr. Zoellner may be deemed to
have shared voting and dispositive power with respect to such
Units.
(2) Pursuant to an investment advisory agreement between Palisades
Partners, L.P. and Arbitrage & Trading Management Company,
Arbitrage & Trading Management Company acts as an investment
advisor to Palisades Partners, L.P. and has the discretion to
manage its investment activities. As a result, the 11,000
Units owned by Palisades Partners, L.P. that may be deemed to
be beneficially owned by Mr. Uehling may also be deemed to be
beneficially owned by Arbitrage & Trading Management Company
and Mr. Zoellner. Therefore, each of Mr. Uehling, Arbitrage &
Trading Management Company and Mr. Zoellner may be deemed to
have shared voting and dispositive power with respect to such
Units.
Except as set forth above, each of the Reporting Entities may be deemed to
have sole voting and dispositive power with respect to the Units each reports as
beneficially owned by such person, regardless of the fact that multiple
Reporting Entities within the same chain of ownership report sole voting and
dispositive power with respect to such Units. Each such Reporting Entity reports
sole voting and dispositive power with respect to such Units based on such
person's relationship to the other Reporting Entities within the same chain of
ownership. Except to the extent expressly stated herein, each Reporting Entity
disclaims beneficial ownership of any Units beneficially owned by any other
Reporting Entity.
The Reporting Entities do not believe that certain of the foregoing
information is called for by the Items of Schedule 13D and are disclosing it for
supplemental informational purposes only. Information with respect to each of
the Reporting Entities is given solely by such Reporting Entity and no Reporting
Entity shall have responsibility for the accuracy or completeness of information
supplied by another Reporting Entity.
SIGNATURES
----------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: December 27, 2005
BARINGTON COMPANIES EQUITY PARTNERS, L.P.
By: Barington Companies Investors, LLC,
its general partner
By: /s/ James A. Mitarotonda
---------------------------------
Name: James A. Mitarotonda
Title: Managing Member
BARINGTON COMPANIES INVESTORS, LLC
By: /s/ James A. Mitarotonda
---------------------------------
Name: James A. Mitarotonda
Title: Managing Member
/s/ James A. Mitarotonda
-------------------------------------
James A. Mitarotonda
BARINGTON COMPANIES OFFSHORE FUND, LTD.
(BVI)
By: /s/ James A. Mitarotonda
---------------------------------
Name: James A. Mitarotonda
Title: Manager
BARINGTON INVESTMENTS, L.P.
By: Barington Companies Advisors, LLC,
its general partner
By: /s/ James A. Mitarotonda
---------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
BARINGTON COMPANIES ADVISORS, LLC
By: /s/ James A. Mitarotonda
--------------------------------
Name: James A. Mitarotonda
Title: Authorized Signatory
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., its general
partner
By: /s/ James A. Mitarotonda
--------------------------------
Name: James A. Mitarotonda
Title: President and CEO
LNA CAPITAL CORP.
By: /s/ James A. Mitarotonda
--------------------------------
Name: James A. Mitarotonda
Title: President and CEO
ALPINE ASSOCIATES, A LIMITED PARTNERSHIP
By: Eckert Corporation, its general
partner
By: /s/ Todd Mason
--------------------------------
Name: Todd Mason
Title: Vice President
ALPINE PARTNERS, L.P.
By: Eckert Corporation, its general
partner
By: /s/ Todd Mason
--------------------------------
Name: Todd Mason
Title: Vice President
ALPINE ASSOCIATES II, L.P.
By: Eckert Corporation, its general
partner
By: /s/ Todd Mason
--------------------------------
Name: Todd Mason
Title: Vice President
PALISADES PARTNERS, L.P.
By: /s/ Gordon A. Uehling, Jr.
--------------------------------
Name: Gordon A. Uehling, Jr.
Title: General Partner
ECKERT CORPORATION
By: /s/ Todd Mason
--------------------------------
Name: Todd Mason
Title: Vice President
/s/ Victoria Eckert
------------------------------------
Victoria Eckert
/s/ Gordon A. Uehling, Jr.
------------------------------------
Gordon A. Uehling, Jr.
ARBITRAGE & TRADING MANAGEMENT COMPANY
By: /s/ Robert E. Zoellner
--------------------------------
Name: Robert E. Zoellner
Title: President
/s/ Robert E. Zoellner
------------------------------------
Robert E. Zoellner
SCHEDULE
This schedule sets forth information with respect to each purchase of
Units which was effectuated by a Reporting Entity since the filing of the
Statement. All transactions were effectuated in the open market through a
broker.
Units purchased by Barington Companies Equity Partners, L.P.
Number of
Date Units Price Per Unit Cost(*)
---- --------- -------------- -----------
11/30/2005 480 $6.890 $3,307.20
12/1/2005 3,320 $6.817 $22,632.44
12/2/2005 440 $6.859 $3,017.96
12/6/2005 2,800 $6.885 $19,278.00
12/7/2005 680 $6.900 $4,692.00
12/12/2005 1,400 $7.050 $9,870.00
12/13/2005 3,440 $7.039 $24,214.16
12/14/2005 1,760 $7.044 $12,397.44
12/15/2005 1,520 $7.050 $10,716.00
12/16/2005 6,560 $7.049 $46,241.44
12/19/2005 5,600 $6.972 $39,043.20
12/21/2005 1,080 $6.932 $7,486.56
12/22/2005 2,800 $6.927 $19,395.60
12/23/2005 3,600 $6.842 $24,631.20
Units purchased by Barington Companies Offshore Fund, Ltd.
Number of
Date Units Price Per Unit Cost(*)
---- --------- --------------- -----------
11/30/2005 360 $6.890 $2,480.40
12/1/2005 2,490 $6.817 $16,974.33
12/2/2005 330 $6.859 $2,263.47
12/6/2005 2,100 $6.885 $14,458.50
12/7/2005 510 $6.900 $3,519.00
12/12/2005 1,050 $7.050 $7,402.50
12/13/2005 2,580 $7.039 $18,160.62
12/14/2005 1,320 $7.044 $9,298.08
12/15/2005 1,140 $7.050 $8,037.00
12/16/2005 4,920 $7.049 $34,681.08
12/19/2005 4,200 $6.972 $29,282.40
12/21/2005 810 $6.932 $5,614.92
12/22/2005 2,100 $6.927 $14,546.70
12/23/2005 2,700 $6.842 $18,473.40
Units purchased by Barington Investments, L.P.
Number of
Date Units Price Per Unit Cost(*)
---- --------- --------------- -----------
11/30/2005 360 $6.890 $2,480.40
12/1/2005 2,490 $6.817 $16,974.33
12/2/2005 330 $6.859 $2,263.47
12/6/2005 2,100 $6.885 $14,458.50
12/7/2005 510 $6.900 $3,519.00
12/12/2005 1,050 $7.050 $7,402.50
12/13/2005 2,580 $7.039 $18,160.62
12/14/2005 1,320 $7.044 $9,298.08
12/15/2005 1,140 $7.050 $8,037.00
12/16/2005 4,920 $7.049 $34,681.08
12/19/2005 4,200 $6.972 $29,282.40
12/21/2005 810 $6.932 $5,614.92
12/22/2005 2,100 $6.927 $14,546.70
12/23/2005 2,700 $6.842 $18,473.40
----------
(*) Excludes commissions and other execution-related costs.