SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Under the Securities Exchange Act of 1934
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
1-800 Contacts, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title of Class of Securities)
681977104
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(CUSIP Number)
May 12, 2005
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(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)
Page 1 of 10 Pages
SCHEDULE 13G
CUSIP No. 681977104 Page 2 of 10 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LaGrange Capital Partners, L.P.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5) SOLE VOTING POWER
NUMBER 577,339
OF --------------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON
WITH 577,339
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8) SHARED DISPOSITIVE POWER
0
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
577,339
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.3%
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12) TYPE OF REPORTING PERSON
PN
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SCHEDULE 13G
CUSIP No. 681977104 Page 3 of 10 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LaGrange Capital Partners Offshore Fund, Ltd.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5) SOLE VOTING POWER
NUMBER 91,331
OF --------------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON
WITH 91,331
--------------------------------------------------
8) SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,331
-------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.7%
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12) TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
CUSIP No. 681977104 Page 4 of 10 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank LaGrange Johnson
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5) SOLE VOTING POWER
NUMBER 682,231
OF --------------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON
WITH 682,231
--------------------------------------------------
8) SHARED DISPOSITIVE POWER
0
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
682,231
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
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12) TYPE OF REPORTING PERSON
IN
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Schedule 13G
Item 1(a). Name of Issuer:
1-800 Contacts, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
66 E. Wadsworth Park Drive
Draper, UT 84020
Item 2(a). Name of Persons Filing:
(i) LaGrange Capital Partners, L.P.
(ii) LaGrange Capital Partners Offshore Fund, Ltd.
(iii) Frank LaGrange Johnson
(collectively, the "Reporting Persons" and each a "Reporting Person")
Item 2(b). Address of Principal Business Office or, if None, Residence:
Each of the Reporting Persons has a business address at 1270 Avenue of the
Americas, Suite 2200, New York, New York 10020.
Item 2(c). Citizenship:
(i) LaGrange Capital Partners, L.P.
Delaware
(ii) LaGrange Capital Partners Offshore Fund, Ltd.
Cayman Islands
(iii) Frank LaGrange Johnson
USA
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value per share
Item 2(e). CUSIP Number:
681977104
Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or Dealer Registered Under Section 15 of the Act
(15 U.S.C. 78o)
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c)
(c) |_| Insurance Company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c)
(d) |_| Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
(e) |_| Investment Adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E)
(f) |_| Employee benefit plan or endowment fund in accordance with
ss. 240.13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company or control person in accordance
with ss.240.13d-1(b)(ii)(G)
(h) |_| Savings Association as defined in ss.3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813)
(i) |_| Church plan that is excluded from the definition of an
investment company under ss.3(c)(15) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3)
(j) |_| Group, in accordance with ss.240.13d-1(b)(ii)(J)
Item 4. Ownership.
(i) LaGrange Capital Partners, L.P.(1)
(a) Amount beneficially owned: 577,339
(b) Percent of class: 4.3%(2)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 577,339
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
577,339
(iv) Shared power to dispose or to direct the disposition of:
0
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(1) The general partner of LaGrange Capital Partners, L.P. is LaGrange Capital
Management, L.L.C., a limited liability company organized under the laws of
Delaware. Frank LaGrange Johnson is the sole member of LaGrange Capital
Management, L.L.C.
(2) Percentages are based on 13,306,958 shares of Common Stock outstanding as of
May 4, 2005 (as set forth on the Issuer's Form 10-Q, filed on May 12, 2005 with
the Securities and Exchange Commission).
(ii) LaGrange Capital Partners Offshore Fund, Ltd.(3)
(a) Amount beneficially owned: 91,331
(b) Percent of class: .7%(4)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 91,331
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
91,331
(iv) Shared power to dispose or to direct the disposition of:
0
(iii) Frank LaGrange Johnson
(a) Amount beneficially owned: 682,231
(b) Percent of class: 5.1%(5)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 682,231(6)
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
682,231
(iv) Shared power to dispose or to direct the disposition of:
0
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(3) The investment manager of LaGrange Capital Partners Offshore Fund, Ltd. is
LaGrange Capital Administration, L.L.C., a limited liability company organized
under the laws of Delaware. Frank LaGrange Johnson is the sole member of
LaGrange Capital Administration, L.L.C.
(4) Percentages are based on 13,306,958 shares of Common Stock outstanding as of
May 4, 2005 (as set forth on the Issuer's Form 10-Q, filed on May 12, 2005 with
the Securities and Exchange Commission).
(5) Percentages are based on 13,306,958 shares of Common Stock outstanding as of
May 4, 2005 (as set forth on the Issuer's Form 10-Q, filed on May 12, 2005 with
the Securities and Exchange Commission).
(6) Includes 12,161 shares of Common Stock owned by Mr. Johnson that are
currently being held in an individual retirement account and a personal trading
account and 1,400 shares of Common Stock owned by Susan Ely Johnson, wife of
Frank LaGrange Johnson, that are currently being held in an individual
retirement account. Mr. Johnson disclaims any beneficial ownership of the shares
of Common Stock owned by his wife.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the 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.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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 such purpose or effect.
SIGNATURE
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After reasonable inquiry and to the best knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this Statement is true, complete and correct.
Dated as of May 25, 2005
LaGrange Capital Partners, L.P.
By: LaGrange Capital Management, L.L.C.,
its General Partner
By: /s/ Frank LaGrange Johnson
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Frank LaGrange Johnson, its sole Member
Dated as of May 25, 2005
LaGrange Capital Partners Offshore Fund, Ltd.
By: LaGrange Capital Administration, L.L.C.,
its Investment Manager
By: /s/ Frank LaGrange Johnson
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Frank LaGrange Johnson, its sole Member
Dated as of May 25, 2005
By: /s/ Frank LaGrange Johnson
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Frank LaGrange Johnson
Exhibit A
Agreement of Joint Filing
Pursuant to 13d-1(k) promulgated under the Securities Exchange
Act of 1934, as amended, the undersigned hereby confirm the agreement by and
among them to join in the filing on behalf of each of them of a Statement on
Schedule 13G and any and all amendments thereto, and that this Agreement be
included as an Exhibit to such filing.
This Agreement may be executed in any number of counterparts
each of which shall be deemed to be an original and all of which together shall
be deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement.
Dated as of May 25, 2005
LaGrange Capital Partners, L.P.
By: LaGrange Capital Management, L.L.C.,
its General Partner
By: /s/ Frank LaGrange Johnson
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Frank LaGrange Johnson, its sole Member
Dated as of May 25, 2005
LaGrange Capital Partners Offshore Fund, Ltd.
By: LaGrange Capital Administration, L.L.C.,
its Investment Manager
By: /s/ Frank LaGrange Johnson
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Frank LaGrange Johnson, its sole Member
Dated as of May 25, 2005
By: /s/ Frank LaGrange Johnson
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Frank LaGrange Johnson