Home > Insider Trading > Filing (0001105838-10-000004)

Filing Details

Accession Number:: 0001105838-10-000004
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-02-11 12:00:00
Reporting Period:: 2010-02-09

Filing Date:: 2010-02-11
Accepted Time:: 2010-02-11 17:27:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
721765	Ll&E Royalty Trust	LRTR	Oil Royalty Traders (6792)	766007940

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1105627	R Kenneth Wasiak	C/O Pustorino Puglisi &Amp; Co Llp 515 Madison Avenue New York NY 10022		No	No	Yes	No
1105838	Robert Robotti	110 East 42Nd Street Suite 1100 New York NY 10017		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Units Of Beneficial Interest	Acquisiton	2010-02-09	5,602	$0.62	1,922,821	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes

Footnotes

This number includes 3,922 Units of Beneficial Interest (the "Units") acquired by The Ravenswood Investment Company, L.P. ("RIC") and 1,680 Units acquired by Ravenswood Investments III, L.P. ("RI"). All such transactions were made by RIC and RI in the open market.
This number includes 67,500 Units owned directly and beneficially by the discretionary brokerage customers of Robotti & Company, LLC ("Robotti & Company") and 1,300 Units owned directly and beneficially by the advisory clients of Robotti & Company Advisors, LLC ("Robotti & Company Advisors"). Each of Robert Robotti and Robotti & Company, Incorporated ("ROBT"), and each other party hereto, disclaims beneficial ownership of these Units except to the extent of his or its respective pecuniary interest therein, if any.
This number includes 1,308,517 Units directly owned by RIC and beneficially owned by its partners and 545,504 Units directly owned by RI and beneficially owned by its partners. Each of Messrs. Robotti and Kenneth R. Wasiak and Ravenswood Management Company, L.L.C. ("RMC"), and each other party hereto, disclaims beneficial ownership of these Units except to the extent of his or its respective pecuniary interest therein, if any.
Each of Robotti & Company, a broker-dealer registered under Section 15 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), Robotti & Company Advisors, an investment adviser registered under the Investment Advisers Act of 1940, as amended, ROBT, the parent holding company for Robotti & Company and Robotti & Company Advisors, RIC, RI, RMC (together with ROBT, Robotti & Company, Robotti & Company Advisors, RIC, RI, Robert Robotti and Kenneth R. Wasiak, the "Reporting Parties"), the general partner of RIC and RI, Mr. Robotti, President and an owner of ROBT, President of Robotti & Company and Robotti & Company Advisors and a Managing Member of RMC, and Mr. Wasiak, a Managing Member of RMC, may be deemed a group (for the purpose of Rule 16a-1(a)(1) under the Exchange Act)
Due to a 1000 character limit, Footnote 5 is a continuation of Footnote 4:with Spruce House Partners LP ("SHP"), Spruce House Capital LLC ("SHC," and together with SHP, Benjamin Stein, Zachary Sternberg, the "Spruce House Parties"), general partner of SHP, Mr. Stein and Mr. Sternberg, each Managing Members of SHC, due to a Joint Filing Agreement dated as of September 2, 2009 among such persons. Each of the Robotti Parties disclaims beneficial ownership of any Units owned by any of the Spruce House Parties.