SEC
1745
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Potential
persons who are to respond to the collection of information contained in
this form are not required to respond unless the form displays a currently
valid OMB control number.
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OMB
APPROVAL
OMB Number:3235-0145
Expires:
October 31, 2002
Estimated
average burden
hours
per response . . . .14.9
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1.
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Names
of Reporting Persons.
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I.R.S.
Identification Nos. of above persons (entities
only).
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Eastbourne
Capital Management, L.L.C.
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2.
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Check
the Appropriate Box if a Member of a Group (See
Instructions)
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(a)
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__X__
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(b)
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______
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3.
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SEC
Use Only
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4.
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Citizenship
or Place of Organization
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Delaware
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Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
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5. Sole
Voting
Power -0-
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6. Shared
Voting
Power 18,500,000
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7. Sole
Dispositive
Power -0-
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8. Shared
Dispositive
Power 18,500,000
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9.
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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18,500,000
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10.
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)______
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11.
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Percent
of Class Represented by Amount in Row (9)
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14.81%
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12.
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Type
of Reporting Person (See
Instructions)
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1.
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Names
of Reporting Persons.
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I.R.S.
Identification Nos. of above persons (entities
only).
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Richard
Jon Barry
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2.
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Check
the Appropriate Box if a Member of a Group (See
Instructions)
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(a)
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__X__
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(b)
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______
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3.
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SEC
Use Only
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4.
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Citizenship
or Place of Organization
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U.S.A.
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Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
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5. Sole
Voting
Power -0-
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6. Shared
Voting
Power 18,500,000
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7. Sole
Dispositive
Power
-0-
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8. Shared
Dispositive
Power 18,500,000
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9.
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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18,500,000
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10.
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)______
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11.
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Percent
of Class Represented by Amount in Row (9)
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14.81%
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12.
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Type
of Reporting Person (See
Instructions)
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1.
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Names
of Reporting Persons.
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I.R.S.
Identification Nos. of above persons (entities
only).
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Black
Bear Offshore Master Fund, L.P.
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2.
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Check
the Appropriate Box if a Member of a Group (See
Instructions)
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(a)
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____
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(b)
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__X___
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3.
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SEC
Use Only
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4.
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Citizenship
or Place of Organization
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Cayman
Islands
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Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With
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5. Sole
Voting
Power -0-
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6. Shared
Voting
Power
12,999,978
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7. Sole
Dispositive
Power
-0-
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8. Shared
Dispositive
Power 12,999,978
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10.
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)______
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11.
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Percent
of Class Represented by Amount in Row (9)
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10.41%
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12.
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Type
of Reporting Person (See
Instructions)
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(a)
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Name
of Issuer
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MGIC Investment
Corporation
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(b)
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Address
of Issuer's Principal Executive
Offices
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MGIC
Plaza, 250 East Kilbourn Avenue, Milwaukee, WI
53202
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(a)
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The
names of the persons filing this statement
are:
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Eastbourne
Capital Management, L.L.C.
(“Eastbourne”)
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Richard
Jon Barry
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Barry
and Eastbourne each disclaims beneficial ownership of the Stock (as
defined below), except to the extent of its or his respective pecuniary
interest therein. Barry and Eastbourne are filing this Schedule
jointly as a group, but disclaim membership in a group, within the meaning
of Rule 13d-5(b) (“Rule 13(d)-5(b)”) under the Securities Exchange Act of
1934, as amended (the “1934 Act”), with Black Bear Offshore or any other
person or entity. Black Bear Offshore is filing jointly with
the other Filers, but not as a member of a group, and disclaims membership
in a group, within the meaning of Rule 13d-5(b), with the other Filers or
any other person or entity. In addition, the filing of this
Schedule 13G on behalf of Black Bear Offshore should not be construed as
an admission that it is, and it disclaims that it is, the beneficial owner
(as defined in Rule 13(d)-3 under the 1934 Act), of any of the
Stock.
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(b)
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The
principal business office of Eastbourne and Mr. Barry is located at 1101 Fifth Avenue, Suite 370,
San Rafael, CA 94901. The principal business
office of Black Bear Offshore is located at c/o CITCO Fund Services (Cayman
Islands) Limited Corporate Centre, West Bay Road, P.O. Box 31106-SMB,
Grand Cayman, Cayman
Islands.
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(c)
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For
citizenship of Filers, see Item 4 of the cover sheet for each
Filer.
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(d)
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This
statement relates to shares of common stock of the Issuer (the
"Stock").
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(e)
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The
CUSIP number of the Issuer is: 552848103
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Item
3.
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If
this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or
(c), check whether the person filing is
a:
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(a)
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[ ]
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Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o).
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(b)
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[ ]
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Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
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(c)
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[ ]
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Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
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(d)
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[ ]
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Investment
company registered under section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
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(e)
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[
X
] An investment adviser in
accordance with section 240.13d-1(b)(1)(ii)(E). One of the
Filers, Eastbourne, is a registered investment adviser and is filing
pursuant to Rule 13d-1(b).
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(f)
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[ ]
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An
employee benefit plan or endowment fund in accordance with section
240.13d-1(b)(1)(ii)(F).
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(g)
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[ X]
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A
parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G) Barry is the control person of
Eastbourne and is filing pursuant to Rule
13d-1(b).
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(h)
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[ ]
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A
savings association as defined in section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
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(i)
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[ ]
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A
church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3).
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(j)
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[ ]
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Group,
in accordance with section
240.13d-1(b)(1)(ii)(J).
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Item
4.
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Ownership.
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Item
5.
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Ownership
of Five Percent or Less of a Class
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another
Person.
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding
Company.
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Item
8.
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Identification
and Classification of Members of the
Group.
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Item
9.
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Notice
of Dissolution of Group
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Item
10.
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Certification.
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Eastbourne
Capital Management, L.L.C.
By: ____________________________________
Eric M. Sippel
Chief Operating
Officer
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Black
Bear Offshore Master Fund, L.P.
By: Eastbourne
Capital Management, L.L.C.,
Its general
partner
By: ____________________________________
Eric M. Sippel
Chief Operating
Officer
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____________________________________
Richard
J. Barry
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Eastbourne
Capital Management, L.L.C.
By: ____________________________________
Eric M. Sippel
Chief Operating
Officer
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Black
Bear Offshore Master Fund, L.P.
By: Eastbourne
Capital Management, L.L.C.,
Its general
partner
By: ____________________________________
Eric M. Sippel
Chief Operating
Officer
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____________________________________
Richard
J. Barry
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