SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13D
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Under the Securities Exchange Act of 1934*
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(Amendment No. 2)*
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Penn Treaty American Corporation
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(Name of Issuer)
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Common Stock, par value $0.10 per share
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(Title of Class of Securities)
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707874103
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(CUSIP Number)
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Harvey P. Eisen
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c/o Bedford Oak Advisors, LLC
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100 South Bedford Rd.
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Mt. Kisco, NY 10549
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(914) 242-5701
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(Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
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Copies to:
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Joseph P. Cunningham, Esq.
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Willkie Farr & Gallagher LLP
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787 Seventh Avenue
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New York, NY 10019-6099
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(212) 728-8000
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January 28, 2011
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(Date of Event which Requires
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Filing of this Schedule)
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CUSIP No. 707874103
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1
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NAME OF REPORTING PERSON
Bedford Oak Partners, L.P.
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2
|
|
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS*
WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
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||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
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SOLE VOTING POWER
0
|
|
8
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SHARED VOTING POWER
0
|
||
9
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SOLE DISPOSITIVE POWER
0
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||
10
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SHARED DISPOSITIVE POWER
0
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||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
0
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||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
o
|
||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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||
14
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TYPE OF REPORTING PERSON*
PN
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CUSIP No. 707874103
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1
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NAME OF REPORTING PERSON
Bedford Oak Advisors, LLC
|
||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)o
(b)x
|
||
3
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SEC USE ONLY
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||
4
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SOURCE OF FUNDS*
AF
|
||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
|
||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
0
|
|
8
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SHARED VOTING POWER
338,400
|
||
9
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SOLE DISPOSITIVE POWER
0
|
||
10
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SHARED DISPOSITIVE POWER
338,400
|
||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
338,400
|
||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
o
|
||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
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||
14
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TYPE OF REPORTING PERSON*
IA
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CUSIP No. 707874103
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1
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NAME OF REPORTING PERSON
Harvey P. Eisen
|
||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)o
(b)x
|
||
3
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SEC USE ONLY
|
||
4
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SOURCE OF FUNDS*
AF
|
||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o
|
||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
0
|
|
8
|
SHARED VOTING POWER
338,400
|
||
9
|
SOLE DISPOSITIVE POWER
0
|
||
10
|
SHARED DISPOSITIVE POWER
338,400
|
||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
338,400
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
o
|
||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
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||
14
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TYPE OF REPORTING PERSON*
IN
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BEDFORD OAK PARTNERS, L.P.
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By: Bedford Oak Management, LLC
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By: /s/ Harvey P. Eisen
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Name: Harvey P. Eisen
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Title: Managing Member
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BEDFORD OAK ADVISORS, LLC
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By: /s/ Harvey P. Eisen
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Name: Harvey P. Eisen
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Title: Managing Member
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/s/ Harvey P. Eisen | |
Harvey P. Eisen
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