------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 2 OF 12 PAGES
------------------------------ ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVISORY RESEARCH, INC.
--------------------------------------------------------------------------------
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
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
(1) Based on 36,007,597 outstanding shares of the common stock of the Company,
as reported in the Company's Schedule 14D9, filed with the Securities and
Exchange Commission on August 18, 2008.
------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 3 OF 12 PAGES
------------------------------ ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVISORY RESEARCH SMALL CAP EQUITY FUND, L.P.
--------------------------------------------------------------------------------
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
ILLINOIS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% (2)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
(2) See footnote (1) above.
------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 4 OF 12 PAGES
------------------------------ ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVISORY RESEARCH SMALL MID CAP VALUE EQUITY FUND, L.P.
--------------------------------------------------------------------------------
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
ILLINOIS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% (3)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
(3) See footnote (1) above.
------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 5 OF 12 PAGES
------------------------------ ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVISORY RESEARCH SMALL CAP EQUITY FUND II, L.P.
--------------------------------------------------------------------------------
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
ILLINOIS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% (4)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
(4) See footnote (1) above.
------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 6 OF 12 PAGES
------------------------------ ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVISORY RESEARCH SMALL MID CAP VALUE EQUITY FUND II, L.P.
--------------------------------------------------------------------------------
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
ILLINOIS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% (5)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
(5) See footnote (1) above.
------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 7 OF 12 PAGES
------------------------------ ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVISORY RESEARCH ALL CAP FUND, L.P.
--------------------------------------------------------------------------------
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
ILLINOIS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% (6)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
(6) See footnote (1) above.
------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 8 OF 12 PAGES
------------------------------ ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ADVISORY RESEARCH GLOBAL ALL CAP FUND, L.P.
--------------------------------------------------------------------------------
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
ILLINOIS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% (7)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS
(7) See footnote (1) above.
------------------------------ ---------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 9 OF 12 PAGES
------------------------------ ---------------------
ITEM 1. SECURITY AND ISSUER
The Schedule 13D filed on August 20, 2008, amended on September 12,
2008, October 1,2008 and again on October 10, 2008 by Advisory Research, Inc.
("ARI"), a Delaware corporation, Advisory Research Small Cap Equity Fund, L.P.
("Advisory Small Cap"), Advisory Research Small Mid Cap Value Equity Fund, L.P.
("Advisory Small Mid Cap"), Advisory Research Small Cap Equity Fund II, L.P.
("Advisory Small Cap II"), Advisory Research Small Mid Cap Value Equity Fund
II, L.P. ("Advisory Small Mid Cap II"), Advisory Research All Cap Fund, L.P.
("Advisory All Cap"), and Advisory Research Global All Cap Fund, L.P. ("
Advisory Global All Cap") and along with ARI, the "Reporting Persons", with
respect to the common stock, par value $0.50 per share (the "Common Stock") of
Longs Drug Stores Corp. (the "Company"), Maryland corporation, is hereby amended
by this Amendment No. 4. Only those items hereby reported in this Amendment
No. 4 are amended and all other items remain unchanged.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3. is hereby restated as follows:
The source of the funds used to purchase the Common Stock was described
in previous filings of this Schedule 13D. It is no longer applicable, since all
Common Stock was tendered in the tender offer by Blue MergerSub Corp., an
indirect wholly owned subsidiary of CVS Caremark Corporation, to purchase all
outstanding Common Stock for $71.50 per share of Common Stock (the "Tender
Offer"). See Item 4.
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CUSIP NO. 543162101 SCHEDULE 13D PAGE 10 OF 12 PAGES
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ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby restated as follows:
All of the shares of Common Stock previously reported on this Schedule 13D were
tendered into the Tender Offer, and accepted for payment, except for 570 shares
sold in the open market. See Item 5 and Schedule A.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D are hereby
restated as follows:
(a), (b) and (c) All of the shares of Common Stock previously
reported on this Schedule 13D were tendered into the Tender Offer, and accepted
for payment, except for 570 shares sold in the open market. ARI no longer has
any interest in any shares of Common Stock. See Schedule A.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Except for ARI acting as investment advisor for its clients who own the
shares of Common Stock described herein, the Reporting Persons do not have any
contract, arrangement, understanding or relationship with any person with
respect to the securities of the Company.
--------------------------- -------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 11 OF 12 PAGES
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SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: October 27, 2008
ADVISORY RESEARCH, INC.
By: /s/ Brien M. O'Brien
---------------------------
Name: Brien M. O'Brien
Title: Chairman & CEO
ADVISORY RESEARCH SMALL CAP EQUITY FUND, L.P.
By: Advisory Research, Inc.,
General Partner
By: /s/ Brien M. O'Brien
---------------------------
Name: Brien M. O'Brien
Title: Chairman & CEO
ADVISORY RESEARCH SMALL MID CAP VALUE EQUITY
FUND, L.P.
By: Advisory Research, Inc.,
General Partner
By: /s/ Brien M. O'Brien
---------------------------
Name: Brien M. O'Brien
Title: Chairman & CEO
ADVISORY RESEARCH SMALL CAP EQUITY FUND II, L.P.
By: Advisory Research, Inc.,
General Partner
By: /s/ Brien M. O'Brien
---------------------------
Name: Brien M. O'Brien
Title: Chairman & CEO
ADVISORY RESEARCH SMALL MID CAP VALUE EQUITY
FUND II, L.P.
By: Advisory Research, Inc.,
General Partner
By: /s/ Brien M. O'Brien
---------------------------
Name: Brien M. O'Brien
Title: Chairman & CEO
ADVISORY RESEARCH ALL CAP FUND, L.P.
By: Advisory Research, Inc.,
General Partner
By: /s/ Brien M. O'Brien
---------------------------
Name: Brien M. O'Brien
Title: Chairman & CEO
ADVISORY RESEARCH GLOBAL ALL CAP FUND, L.P.
By: Advisory Research, Inc.,
General Partner
By: /s/ Brien M. O'Brien
---------------------------
Name: Brien M. O'Brien
Title: Chairman & CEO
--------------------------- -------------------
CUSIP NO. 543162101 SCHEDULE 13D PAGE 12 OF 12 PAGES
--------------------------- -------------------
SCHEDULE A
Transactions in the shares by the Reporting Persons since October 10, 2008.
All of such transactions were effected in the open market, except as noted.
ARI effected its transactions in its capacity as an investment manager on
behalf of certain managed accounts.
ADVISORY RESEARCH, INC.
Trade Date Shared Purchased (Sold) Price Per Share ($)
----------- ------------------------ -------------------
10/11/2008 (340) $68.70
10/16/2008 (230) $71.24
10/22/2008 * (3,290,112) $71.50
* Each of the 3,290,112 shares held on behalf of certain managed accounts
described in previous filings of this Schedule 13D were tendered into the
tender offer by Blue MergerSub Corp., an indirect wholly owned subsidiary of
CVS Caremark Corporation, to purchase all outstanding shares of Common Stock
for $71.50 per share, and were accepted for payment.
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