SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
The Securities Exchange Act of 1934
LQ Corp., Inc.
(Name of Issuer)
Common Stock
(Title Class of Securities)
53631T102000
(CUSIP Number)
CARL N. DUNCAN, ESQ.
5718 TANGLEWOOD DRIVE
BETHESDA, MARYLAND 20817
(301) 263-0200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 8, 2004
(Date of Event Which Requires Filing of This Statement)
------------------------------------------------------------------ -------------------------------------------
(1) Name of Reporting Person / I.R.S. Identification Number Jay Gottlieb
------------------------------------------------------------------ -------------------------------------------
(2) Check the appropriate box if may be deemed member of a group (a) N/A
-------------------------------------------
(b) Reporting Person disclaims being member
of a group relating to Issuer.
------------------------------------------------------------------ -------------------------------------------
(3) SEC use only ...............................................
------------------------------------------------------------------ -------------------------------------------
(4) Source of funds (see instructions).......................... PF
------------------------------------------------------------------ -------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant
to Items 2(d) or 2(e). N/A
------------------------------------------------------------------ -------------------------------------------
(6) Citizenship or place of organization........................ USA/incorporation inapplicable since
the Reporting Person is an individual.
------------------------------------------------------------------ -------------------------------------------
Number of shares beneficially owned by Reporting Person with:
(7) Sole voting power .......................................... 169,170 (See Item 4)
(8) Shared voting power......................................... 0
(9) Sole dispositive power ..................................... 169,170 (See Item 4)
(10) Shared dispositive power ................................... 0
------------------------------------------------------------------ -------------------------------------------
(11) Aggregate amount beneficially owned by Reporting Person..... 169,170 (See Item 4)
------------------------------------------------------------------ -------------------------------------------
(12) Check if the aggregate amount in Row (11) excludes certain
shares (see instructions). N/A
------------------------------------------------------------------ -------------------------------------------
(13) Percent of class represented by amount in Row (11) ......... 5.21% (See Item 5)
------------------------------------------------------------------ -------------------------------------------
(14) Type of reporting person (see instructions)................. IN
------------------------------------------------------------------ -------------------------------------------
ITEM 1. SECURITY AND ISSUER.
-----------------------------
(a) Title of Class: Common Stock
(b) Name and Address of Issuer: LQ Corporation, Inc.
800 Chesapeake Drive
Redwood City, California 94063
(c) Trading Symbol: LQCI
ITEM 2. IDENTITY AND BACKGROUND OF THE REPORTING ENTITY.
---------------------------------------------------------
(a) Name: Jay Gottlieb
(b) Business Address 27 Misty Brook Lane
New Fairfield, Connecticut 06812
(c) Occupation: Private Investor
(d) Conviction: N/A
(e) Civil Proceedings: N/A
(f) State of Incorporation: N/A since Reporting Person is an
individual
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
-----------------------------------------------------------
The Reporting Person has used personal funds to acquire his 169,170 Common
Shares of the Issuer.
ITEM 4. PURPOSE OF TRANSACTION.
--------------------------------
Reporting Person is making these purchases of Issuer's Common Shares for
investment purposes only. There is no intent to gain control of the Issuer and
Reporting Person is not a member of a group relating to the Issuer.
Other than as described in this Schedule 13D, the Reporting Person is not aware
of any plans or proposals which would result in the acquisition by any person of
additional securities of Issuer or the disposition of securities of the Issuer;
any extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Issuer or any of its subsidiaries; a sale or transfer
of a material amount of assets of the Issuer or any of its subsidiaries; any
change in the present board of directors or management of the Issuer, including
any place or proposals to change the number or term of directors or to fill any
existing vacancies on the Issuer's Board; any material change in the present
capitalization or dividend policy of the Issuer; any other material change in
the Issuer's business or corporate structure; any changes in Issuer's charter,
bylaws or instruments corresponding thereto or other actions which may impede
the acquisition of control of the Issuer by any person; causing a class of
securities of the Issuer to be delisted from national securities exchange or to
cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; a class of equity securities of the
Issuer becoming eligible for termination of registration pursuant to section
12(g)(4) of the Act; or any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
----------------------------------------------
(a) Aggregate Number and %: 169,170 Common Shares on a fully diluted
basis- - i.e., 5.21% of the total 3,244,760 outstanding Common Shares of the
Issuer.
(b) Power to Vote or Dispose of Issuer's Shares: 169,170 Common Shares
on a fully diluted basis, power over which to vote or dispose of resides with
the Reporting Person.
(c) Transactions Within Prior 60 Days: No transactions have been
effected between the Issuer and the Reporting Person beyond those described in
Item 4 specifically and this Schedule 13D generally. Information contained in
Item 4 above is hereby incorporated by reference.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT
-----------------------------------------------------------------------------
TO SECURITIES OF THE ISSUER.
----------------------------
Other than the foregoing, there are no contracts, arrangements, understandings
or relationships not described herein.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
------------------------------------------
None
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies he is Jay Gottlieb, the Reporting Person, and that the
information set forth in this Schedule 13D is true, complete and correct.
Dated: November 17, 2004 /s/ Jay Gottlieb
------------
Jay Gottlieb