Schedule 13D Amendment No. 2
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Rule
13d-101)
Amendment
No. 2
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)
March
21, 2006
(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: o.
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
37,600
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY none
EACH _____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON
37,600
WITH _____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,600
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.44%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF 37,600
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY
none
EACH _____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON 37,600
WITH _____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,600
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.44%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
_____________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
28,200
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON
28,200
WITH _____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,200
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.33%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
28,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY
none
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON
28,200
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,200
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.33%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
56,400
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON 56,400
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,400
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.66%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
New
York
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
94,000
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY
none
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON 94,000
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
94,000
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.09%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
94,000
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY
none
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON
94,000
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
94,000
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.09%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
94,000
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON 94,000
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
94,000
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.09%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
New
Jersey
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
273,000
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON
273,000
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
273,000
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.17%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
New
Jersey
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
45,000
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY
none
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON
45,000
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
45,000
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.52%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
New
Jersey
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
22,200
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY none
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON 22,200
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,200
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.26%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
12,200
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY
none
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON 12,200
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
none
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,200
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.14%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
318,000
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY 22,200
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON
318,000
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
22,200
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,200
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.96%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF 318,000
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY 22,200
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON 318,000
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
22,200
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,200
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.96%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY 12,200
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
12,200
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,200
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.14%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
New
Jersey
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY 34,400
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON none
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
34,400
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,400
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.40%
______________________________________________________________________________
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) o
______________________________________________________________________________
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)
o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
none
SHARES ____________________________________________________________
BENEFICIALLY 8) SHARED
VOTING POWER
OWNED
BY 34,400
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON
none
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
34,400
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,400
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.40%
______________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IN
______________________________________________________________________________
Item
1. Security
and Issuer.
This
Amendment No. 2 amends and supplements the Schedule 13D filed with the
Securities and Exchange Commission (the “SEC”) on November 25, 2005, as amended
by that Amendment No. 1 filed with the SEC on December 28, 2005 (together,
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, 446,400 Units, representing approximately 5.19% 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 47,700
Units and sold an aggregate of 146,500 Units. The amount of funds expended
for
purchases of Units was approximately $213,817.40 by Alpine Associates, A Limited
Partnership, $84,828.20 by Alpine Partners, L.P., $33,504.00 by Alpine
Associates II, L.P. and $8,531.20 by Palisades Partners, L.P.
All
sales
and 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
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)
- (c) 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 37,600 Units, representing approximately 0.44% 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 37,600 Units owned by Barington Companies Equity Partners, L.P.
As
of the
date of this filing, Barington Companies Offshore Fund, Ltd. (BVI) beneficially
owns 28,200 Units, constituting approximately 0.33% of the Issued and
Outstanding Units. As of the
date
of this filing, Barington Investments, L.P. beneficially owns 28,200 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 28,200 Units owned by Barington
Companies Offshore Fund, Ltd. (BVI) and the 28,200 Units owned by Barington
Investments, L.P., representing an aggregate of 56,400 Units, constituting
approximately 0.66% 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 28,200 Units beneficially owned by Barington
Investments, L.P. and the 28,200 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 37,600
Units owned by Barington Companies Equity Partners, L.P., representing an
aggregate of 94,000 Units, constituting approximately 1.09% 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 37,600 Units owned by
Barington Companies Equity Partners, L.P., the 28,200 Units beneficially owned
by Barington Investments, L.P. and the 28,200 Units owned by Barington Companies
Offshore Fund, Ltd. (BVI), representing an aggregate of 94,000 Units,
constituting approximately 1.09% 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 37,600 Units owned by Barington Companies Equity
Partners, L.P., the 28,200 Units beneficially owned by Barington Investments,
L.P. and the 28,200 Units owned by Barington Companies Offshore Fund, Ltd.
(BVI), representing an aggregate of 94,000 Units, constituting approximately
1.09% of the Issued and Outstanding Units. Mr. Mitarotonda has sole voting
and
dispositive power with respect to the 37,600 Units owned by Barington Companies
Equity Partners, L.P., the 28,200 Units beneficially owned by Barington
Investments, L.P. and the 28,200 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
273,000 Units, representing approximately 3.17% of the Issued and Outstanding
Units. As of the date of this filing, Alpine Partners, L.P. beneficially owns
45,000 Units, representing approximately 0.52% of the Issued and Outstanding
Units. As of the date of this filing, Alpine Associates II, L.P. beneficially
owns 22,200 Units, representing approximately 0.26% of the Issued and
Outstanding Units. As of the date of this filing, Palisades Partners, L.P.
beneficially owns approximately 12,200 Units, representing approximately 0.14%
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 273,000
Units
owned by Alpine Associates, A Limited Partnership, the 45,000 Units owned by
Alpine Partners, L.P. and the 22,200 Units owned by Alpine Associates II,
L.P., representing
an aggregate of 340,200 Units, constituting approximately 3.96% of the Issued
and Outstanding Units. As the sole stockholder and director of Eckert
Corporation, Ms. Eckert may be deemed to beneficially own the 273,000 Units
owned by Alpine Associates, A Limited Partnership, the 45,000 Units owned by
Alpine Partners, L.P. and the 22,200 Units owned by Alpine Associates II,
L.P., representing
an aggregate of 340,200 Units, constituting approximately 3.96% of the Issued
and Outstanding Units. As the general partner of
Palisades
Partners,
L.P., Mr. Uehling may be deemed to beneficially own the 12,200 Units owned
by
Palisades Partners, L.P., representing approximately 0.14% 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 22,200 Units owned by Alpine Associates II, L.P. and the
12,200 Units owned by Palisades Partners, L.P., representing an aggregate of
34,400 Units, constituting approximately 0.40% 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 22,200 Units owned by Alpine
Associates II, L.P. and the 12,200 Units owned by Palisades Partners, L.P.,
representing an aggregate of 34,400 Units, constituting approximately 0.40%
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 22,200 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 12,200 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.
(c) No
person
identified in Item 2 hereof has effected any transaction in Units since the
filing of the Statement, except to the extent disclosed herein.
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:
March 24, 2006
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 or sale 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
sold by Barington Companies Equity Partners, L.P.
| Date |
Number
of Units
|
Price Per
Unit
|
Cost
(*)
|
|
3/13/2006
|
(10,200)
|
$7.937
|
$(80,957.40)
|
|
3/14/2006
|
(9,120)
|
$7.929
|
$(72,312.48)
|
|
3/15/2006
|
(5,600)
|
$7.948
|
$(44,508.80)
|
|
3/16/2006
|
(9,680)
|
$7.805
|
$(75,552.40)
|
|
3/17/2006
|
(4,920)
|
$7.793
|
$(38,341.56)
|
|
3/20/2006
|
(6,120)
|
$7.756
|
$(47,466.72)
|
|
3/21/2006
|
(10,280)
|
$7.744
|
$(79,608.32)
|
|
3/22/2006
|
(2,680)
|
$7.767
|
$(20,815.56)
|
Units
sold by Barington Companies Offshore Fund, Ltd.
| Date |
Number
of Units
|
Price
Per Unit
|
Cost(*)
|
|
3/13/2006
|
(7,650)
|
$7.937
|
$(60,718.05)
|
|
3/14/2006
|
(6,840)
|
$7.929
|
$(54,234.36)
|
|
3/15/2006
|
(4,200)
|
$7.948
|
$(33,381.60)
|
|
3/16/2006
|
(7,260)
|
$7.805
|
$(56,664.30)
|
|
3/17/2006
|
(3,690)
|
$7.793
|
$(28,756.17)
|
|
3/20/2006
|
(4,590)
|
$7.756
|
$(35,600.04)
|
|
3/21/2006
|
(7,710)
|
$7.744
|
$(59,706.24)
|
|
3/22/2006
|
(2,010)
|
$7.767
|
$(15,611.67)
|
Units
sold by Barington Investments, L.P.
| Date |
Number
of Units
|
Price
Per Unit
|
Cost(*)
|
|
3/13/2006
|
(7,650)
|
$7.937
|
$(60,718.05)
|
|
3/14/2006
|
(6,840)
|
$7.929
|
$(54,234.36)
|
|
3/15/2006
|
(4,200)
|
$7.948
|
$(33,381.60)
|
|
3/16/2006
|
(7,260)
|
$7.805
|
$(56,664.30)
|
|
3/17/2006
|
(3,690)
|
$7.793
|
$(28,756.17)
|
|
3/20/2006
|
(4,590)
|
$7.756
|
$(35,600.04)
|
|
3/21/2006
|
(7,710)
|
$7.744
|
$(59,706.24)
|
|
3/22/2006
|
(2,010)
|
$7.767
|
$(15,611.67)
|
Units
purchased by Alpine Associates, A Limited Partnership
| Date |
Number
of Units
|
Price
Per Unit
|
Cost(*)
|
|
1/27/2006
|
7,000
|
$7.041
|
$49,287.00
|
|
1/30/2006
|
4,800
|
$7.123
|
$34,190.40
|
|
1/31/2006
|
5,600
|
$7.150
|
$40,040.00
|
|
2/1/2006
|
7,500
|
$7.200
|
$54,000.00
|
|
2/2/2006
|
3,000
|
$7.200
|
$21,600.00
|
|
2/6/2006
|
2,000
|
$7.350
|
$14,700.00
|
Units
purchased by Alpine Partners, L.P.
| Date |
Number
of Units
|
Price
Per Unit
|
Cost
(*)
|
|
1/27/2006
|
1,200
|
$7.041
|
$8,449.20
|
|
1/30/2006
|
8,000
|
$7.123
|
$56,984.00
|
|
1/31/2006
|
900
|
$7.150
|
$6,435.00
|
|
2/1/2006
|
1,300
|
$7.200
|
$9,360.00
|
|
2/2/2006
|
500
|
$7.200
|
$3,600.00
|
Units
purchased by Alpine Associates II, L.P.
| Date |
Number
of Units
|
Price
Per Unit
|
Cost(*)
|
|
1/27/2006
|
600
|
$7.041
|
$4,224.60
|
|
1/30/2006
|
2,800
|
$7.123
|
$19,944.40
|
|
1/31/2006
|
500
|
$7.150
|
$3,575.00
|
|
2/1/2006
|
600
|
$7.200
|
$4,320.00
|
|
2/2/2006
|
200
|
$7.200
|
$1,440.00
|
Units
purchased by Palisades Partners, L.P.
| Date |
Number
of Units
|
Price
Per Unit
|
Cost(*)
|
|
1/27/2006
|
200
|
$7.041
|
$1,408.20
|
|
1/30/2006
|
1,000
|
$7.123
|
$7,123.00
|
-------------------------------------
(*)
Excludes commissions and other execution-related costs.