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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
LUMINENT MORTGAGE CAPITAL, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
550278303
(CUSIP Number)
DECEMBER 31, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the reminder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 550278303 Page 1 of 12
Schedule 13G
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1 NAMES OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Reservoir Master Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
NUMBER OF -0-
-------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON -0-
-------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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CUSIP No. 550278303 Page 2 of 12
Schedule 13G
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1 NAMES OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RMF GP, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
NUMBER OF -0-
-------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON -0-
-------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No. 550278303 Page 3 of 12
Schedule 13G
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1 NAMES OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Reservoir PCA Fund (Cayman), L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Cayman Islands
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5 SOLE VOTING POWER
NUMBER OF -0-
-------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON -0-
-------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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CUSIP No. 550278303 Page 4 of 12
Schedule 13G
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1 NAMES OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Reservoir Capital Group, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
NUMBER OF -0-
-------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON -0-
-------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No. 550278303 Page 5 of 12
Schedule 13G
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1 NAMES OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RCGM, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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5 SOLE VOTING POWER
NUMBER OF -0-
-------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON -0-
-------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No. 550278303 Page 6 of 12
Schedule 13G
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1 NAMES OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Daniel Stern
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF -0-
-------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON -0-
-------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 550278303 Page 7 of 12
Schedule 13G
This Amendment No. 1 to Schedule 13G is filed by the undersigned to
amend and restate in its entirety the Schedule 13G, dated December 13, 2005,
filed by Reservoir Master Fund, L.P., a Delaware limited partnership
("RESERVOIR"), RMF GP, LLC, a Delaware limited liability company ("RMF GP"),
Reservoir PCA Fund, L.P., a Delaware limited partnership ("RESERVOIR PCA"),
Reservoir Capital Group, L.L.C., a Delaware limited liability company
("RESERVOIR CAPITAL") and RCGM, LLC, a Delaware limited liability company
("RCGM"), with respect to the shares of Common Stock, $.001 par value per
share, of Luminent Mortgage Capital, Inc. Reservoir PCA was dissolved on
December 28, 2006. Prior to such dissolution, Reservoir PCA's limited partners
contributed their limited partnership interests in Reservoir PCA into Reservoir
PCA Fund (Cayman), L.P., a Cayman Islands limited partnership ("RESERVOIR
CAYMAN"), in exchange for limited partnership interests in Reservoir Cayman.
The assets of Reservoir PCA (including its membership interest in RMF GP and
its limited partnership interest in Reservoir) were distributed to Reservoir
Cayman.
Item 1. (a) NAME OF ISSUER
Luminent Mortgage Capital, Inc. (the "Company").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
One Market, Spear Tower, 30th Floor, San Francisco, California
94105.
Item 2. (a) NAMES OF PERSONS FILING
This Statement is being filed on behalf of each of the
following persons (collectively, the "Reporting Persons"):
(i) Reservoir, a Delaware limited partnership;
(ii) RMF GP, a Delaware limited liability company and the
general partner of Reservoir;
(iii) Reservoir Cayman, a Cayman Islands limited partnership
and the sole member of RMF GP;
(iv) Reservoir Capital, a Delaware limited liability company
and the general partner of Reservoir Cayman;
(v) RCGM, a Delaware limited liability company and the
managing member of Reservoir Capital; and
(vi) Mr. Daniel Stern, the senior managing member of RCGM
("Mr. Stern").
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
The address of the principal business offices of each of the
Reporting Persons is c/o Reservoir Capital Group, L.L.C. 650
Madison Avenue, 26th Floor, New York, NY 10022.
CUSIP No. 550278303 Page 8 of 12
Schedule 13G
(c) CITIZENSHIP
(i) Reservoir - a Delaware limited partnership
(ii) RMF GP - a Delaware limited liability company
(iii) Reservoir Cayman - a Cayman Islands limited partnership
(iv) Reservoir Capital - a Delaware limited liability company
(v) RCGM - a Delaware limited liability company
(vi) Mr. Stern - a citizen of the United States of America
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $0.001 per share (the "Common Stock" or
"Shares")
(e) CUSIP NUMBER
550278303
Item 3. None of the Reporting Persons is a person specified in Rule 13d-1(b).
Item 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED: -0-
(b) PERCENTAGE OWNED: -0%-
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose of or direct the
disposition of: -0-
(iv) Shared power to dispose of or direct the
disposition of: -0-
CUSIP No. 550278303 Page 9 of 12
Schedule 13G
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the
date hereof the Reporting Persons have ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following [X].
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF 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.
Item 10. CERTIFICATION
(b) The following certification shall be included if the statement is
filed pursuant to ss.240.13d-1(c):
By signing below, each Reporting Person certifies that, to the best
of our knowledge and belief, the securities referred to above 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 that purpose or effect.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
CUSIP No. 550278303 Page 10 of 12
Schedule 13G
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated as of January 30, 2007
RESERVOIR MASTER FUND, L.P.
By: RMF GP, LLC, itsGeneral Partner
By: /s/ Daniel Stern
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Name: Daniel Stern
Title: Chairman & Chief Executive Officer
RMF GP, LLC
By: /s/ Daniel Stern
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Name: Daniel Stern
Title: Chairman & Chief Executive Officer
RESERVOIR PCA FUND (CAYMAN), L.P.
By: Reservoir Capital Group, L.L.C.,
its General Partner
By: /s/ Daniel Stern
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Name: Daniel Stern
Title: Chairman & Chief Executive Officer
CUSIP No. 550278303 Page 11 of 12
Schedule 13G
RESERVOIR CAPITAL GROUP, L.L.C.
By: /s/ Daniel Stern
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Name: Daniel Stern
Title: Chairman & Chief Executive Officer
RCGM, LLC
By: /s/ Daniel Stern
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Name: Daniel Stern
Title: Chairman & Chief Executive Officer
/s/ Daniel Stern
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Daniel Stern
CUSIP No. 550278303 Page 12 of 12
Schedule 13G
EXHIBIT INDEX
Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934, as amended.