SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Under the Securities Exchange Act of 1934
SCHEDULE 13G/A
(Amendment No. 2)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
1-800 Contacts, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title of Class of Securities)
681977104
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(CUSIP Number)
May 31, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
Page 1 of 12 Pages
SCHEDULE 13G/A
CUSIP No. 681977104 Page 2 of 12 Pages
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1) NAME OF REPORTING PERSON
LaGrange Capital Partners, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-4106878
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5) SOLE VOTING POWER
NUMBER 1,311,202
OF -----------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON
WITH 1,311,202
-----------------------------------------------
8) SHARED DISPOSITIVE POWER
0
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,311,202
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.3%
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12) TYPE OF REPORTING PERSON
PN
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SCHEDULE 13G
CUSIP No. 681977104 Page 3 of 12 Pages
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1) NAME OF REPORTING PERSON
LaGrange Capital Partners Offshore Fund, Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5) SOLE VOTING POWER
NUMBER 318,259
OF -----------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON
WITH 318,259
-----------------------------------------------
8) SHARED DISPOSITIVE POWER
0
-----------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
318,259
-----------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2%
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12) TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
CUSIP No. 681977104 Page 4 of 12 Pages
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1) NAME OF REPORTING PERSON
LaGrange Capital Administration, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
73-1713931
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5) SOLE VOTING POWER
NUMBER 1,629,461
OF -----------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON
WITH 1,629,461
-----------------------------------------------
8) SHARED DISPOSITIVE POWER
0
-----------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,629,461
-----------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
-----------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.6%
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12) TYPE OF REPORTING PERSON
IA
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SCHEDULE 13G
CUSIP No. 681977104 Page 5 of 12 Pages
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1) NAME OF REPORTING PERSON
Frank LaGrange Johnson
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
-----------------------------------------------------------------------------
3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
-----------------------------------------------------------------------------
5) SOLE VOTING POWER
NUMBER 1,645,122
OF -----------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON
WITH 1,645,122
-----------------------------------------------
8) SHARED DISPOSITIVE POWER
0
-----------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,645,122
-----------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
-----------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.7%
-----------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
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SCHEDULE 13G
Item 1(a). Name of Issuer:
1-800 Contacts, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
66 E. Wadsworth Park Drive
Draper, UT 84020
Item 2(a). Name of Persons Filing:
(i) LaGrange Capital Partners, L.P.
(ii) LaGrange Capital Partners Offshore Fund, Ltd.
(iii) LaGrange Capital Administration, L.L.C.
(iv) Frank LaGrange Johnson
(collectively, the "Reporting Persons" and each a "Reporting Person")
Item 2(b). Address of Principal Business Office or, if None, Residence:
Each of the Reporting Persons has a business address at 1270 Avenue of the
Americas, Suite 2200, New York, New York 10020.
Item 2(c). Citizenship:
(i) LaGrange Capital Partners, L.P.
Delaware
(ii) LaGrange Capital Partners Offshore Fund, Ltd.
Cayman Islands
(iii) LaGrange Capital Administration, L.L.C.
Delaware
(iv) Frank LaGrange Johnson
USA
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value per share
Item 2(e). CUSIP Number:
681977104
Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or Dealer Registered Under Section 15 of the Act
(15 U.S.C. 78o)
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c)
Page 6 of 12 Pages
(c) |_| Insurance Company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c)
(d) |_| Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
(e) |X| Investment Adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E)
(f) |_| Employee benefit plan or endowment fund in accordance with
ss. 240.13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company or control person in accordance
with ss.240.13d-1(b)(ii)(G)
(h) |_| Savings Association as defined in ss.3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813)
(i) |_| Church plan that is excluded from the definition of an
investment company under ss.3(c)(15) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3)
(j) |_| Group, in accordance with ss.240.13d-1(b)(ii)(J)
Item 4. Ownership.
(i) LaGrange Capital Partners, L.P.(1)
(a) Amount beneficially owned: 1,311,202
(b) Percent of class: 9.3%(2)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,311,202
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,311,202
(iv) Shared power to dispose or to direct the disposition of:
0
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(1) The general partner of LaGrange Capital Partners, L.P. is LaGrange Capital
Management, L.L.C., a limited liability company organized under the laws of
Delaware. Frank LaGrange Johnson is the sole member of LaGrange Capital
Management, L.L.C.
(2) Percentages are based on 14,009,689 shares of Common Stock outstanding as of
May 4, 2006 (as set forth on the Issuer's Form 10-Q, filed on May 11, 2006 with
the Securities and Exchange Commission).
Page 7 of 12 Pages
(ii) LaGrange Capital Partners Offshore Fund, Ltd.(3)
(a) Amount beneficially owned: 318,259
(b) Percent of class: 2.2%(4)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 318,259
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
318,259
(iv) Shared power to dispose or to direct the disposition of:
0
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(3) The investment manager of LaGrange Capital Partners Offshore Fund, Ltd. is
LaGrange Capital Administration, L.L.C., a limited liability company organized
under the laws of Delaware. Frank LaGrange Johnson is the sole member of
LaGrange Capital Administration, L.L.C.
(4) Percentages are based on 14,009,689 shares of Common Stock outstanding as of
May 4, 2006 (as set forth on the Issuer's Form 10-Q, filed on May 11, 2006 with
the Securities and Exchange Commission).
(iii) LaGrange Capital Administration, L.L.C.(5)
(a) Amount beneficially owned: 1,629,461
(b) Percent of class: 11.6%(6)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,629,461
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,629,461
(iv) Shared power to dispose or to direct the disposition of:
0
---------------
(5) Frank LaGrange Johnson is the sole member of LaGrange Capital
Administration, L.L.C.
(6) Percentages are based on 14,009,689 shares of Common Stock outstanding as of
May 4, 2006 (as set forth on the Issuer's Form 10-Q, filed on May 11, 2006 with
the Securities and Exchange Commission).
Page 8 of 12 Pages
(iv) Frank LaGrange Johnson
(a) Amount beneficially owned: 1,645,122
(b) Percent of class: 11.7%(7)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,645,122(8)
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,645,122
(iv) Shared power to dispose or to direct the disposition of:
0
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(7) Percentages are based on 14,009,689 shares of Common Stock outstanding as of
May 4, 2006 (as set forth on the Issuer's Form 10-Q, filed on May 11, 2006 with
the Securities and Exchange Commission).
(8) Includes 15,661 shares of Common Stock owned by Mr. Johnson that are
currently being held in an individual retirement account and a personal trading
account and 1,400 shares of Common Stock owned by Susan Ely Johnson, wife of
Frank LaGrange Johnson, that are currently being held in an individual
retirement account. Mr. Johnson disclaims any beneficial ownership of the shares
of Common Stock owned by his wife.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Page 9 of 12 Pages
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having such purpose or effect.
Page 10 of 12 Pages
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated as of June 12, 2006
LaGrange Capital Partners, L.P.
By: LaGrange Capital Management, L.L.C.,
its General Partner
By: /s/ Frank LaGrange Johnson
--------------------------------------
Frank LaGrange Johnson, its sole Member
Dated as of June 12, 2006
LaGrange Capital Partners Offshore Fund, Ltd.
By: LaGrange Capital Administration, L.L.C.,
its Investment Manager
By: /s/ Frank LaGrange Johnson
--------------------------------------
Frank LaGrange Johnson, its sole Member
Dated as of June 12, 2006
LaGrange Capital Administration, L.L.C.
By: /s/ Frank LaGrange Johnson
---------------------------------------
Frank LaGrange Johnson, its sole Member
Dated as of June 12, 2006
By: /s/ Frank LaGrange Johnson
--------------------------------------
Frank LaGrange Johnson
Page 11 of 12 Pages
EXHIBIT A
Agreement of Joint Filing
Pursuant to 13d-1(k) promulgated under the Securities Exchange Act of
1934, as amended, the undersigned hereby confirm the agreement by and among them
to join in the filing on behalf of each of them of a Statement on Schedule 13G
and any and all amendments thereto, and that this Agreement be included as an
Exhibit to such filing.
This Agreement may be executed in any number of counterparts each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
Dated as of June 12, 2006
LaGrange Capital Partners, L.P.
By: LaGrange Capital Management, L.L.C.,
its General Partner
By: /s/ Frank LaGrange Johnson
--------------------------------------
Frank LaGrange Johnson, its sole Member
Dated as of June 12, 2006
LaGrange Capital Partners Offshore Fund, Ltd.
By: LaGrange Capital Administration, L.L.C.,
its Investment Manager
By: /s/ Frank LaGrange Johnson
--------------------------------------
Frank LaGrange Johnson, its sole Member
Dated as of June 12, 2006
LaGrange Capital Administration, L.L.C.
By: /s/ Frank LaGrange Johnson
---------------------------------------
Frank LaGrange Johnson, its sole Member
Dated as of June 12, 2006
By: /s/ Frank LaGrange Johnson
--------------------------------------
Frank LaGrange Johnson
Page 12 of 12 Pages