Woodbridge Holdings Corporation (fka Levitt Corporation) SC13D/A No. 1 - R. Robotti 07/07/2008

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Woodbridge Holdings Corporation

(Name of Issuer)

 

 Class A Common Stock, $0.01 par value

(Title of Class of Securities)

 

978842 10 2

(CUSIP Number)

Robert Robotti

c/o Robotti & Company, Incorporated

52 Vanderbilt Avenue, 4th Floor

New York, New York 10017

212-986-4800

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

July 7, 2008

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [  ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.

(Page 1 of 17 Pages)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


Schedule 13D

CUSIP No. 978842 10 2

Page 2 of 17 Pages

 

1.

 

Names of Reporting Persons.
Robert E. Robotti

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

 [X]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

AF, OO, PF

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[  ]

6.

Citizenship or Place of Organization

United States 

Number of

 

7.

Sole Voting Power: 4,900

Shares

 

Beneficially

 

8.

Shared Voting Power: 5,626,489

Owned by

 

Each

 

9.

Sole Dispositive Power: 4,900

Reporting

 

Person With

 

10.

Shared Dispositive Power: 5,626,489

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

5,631,389

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [  ]

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

5.9%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

IN, HC

 


Schedule 13D

CUSIP No. 978842 10 2

Page 3 of 17 Pages

 

1.

 

Names of Reporting Persons.
Robotti & Company, Incorporated

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [X]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[   ]

6.

Citizenship or Place of Organization

New York 

Number of

 

7.

Sole Voting Power: -0-

Shares

 

Beneficially

 

8.

Shared Voting Power: 3,277,489

Owned by

 

Each

 

9.

Sole Dispositive Power: -0-

Reporting

 

Person With

 

10.

Shared Dispositive Power: 3,277,489

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

3,277,489

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [   ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

3.5%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

CO, HC

 


Schedule 13D

CUSIP No. 978842 10 2

Page 4 of 17 Pages

 

1.

 

Names of Reporting Persons.
Robotti & Company, LLC

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [   ]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[  ]

6.

Citizenship or Place of Organization

New York 

Number of

 

7.

Sole Voting Power: -0-

Shares

 

Beneficially

 

8.

Shared Voting Power: 156,995

Owned by

 

Each

 

9.

Sole Dispositive Power: -0-

Reporting

 

Person With

 

10.

Shared Dispositive Power: 156,995

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

156,995

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [  ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

  Less than 1%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

OO, BD

 


Schedule 13D

CUSIP No. 978842 10 2

Page 5 of 17 Pages

 

1.

 

Names of Reporting Persons.
Robotti & Company Advisors, LLC

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [X]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[   ]

6.

Citizenship or Place of Organization

New York 

Number of

 

7.

Sole Voting Power: -0-

Shares

 

Beneficially

 

8.

Shared Voting Power: 3,120,494

Owned by

 

Each

 

9.

Sole Dispositive Power: -0-

Reporting

 

Person With

 

10.

Shared Dispositive Power: 3,120,494

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

3,120,494

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [   ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

3.3%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

OO, IA

 


Schedule 13D

CUSIP No. 978842 10 2

Page 6 of 17 Pages

 

1.

 

Names of Reporting Persons.
Suzanne Robotti

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [X]

 

 

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)

[  ]

6.

Citizenship or Place of Organization

United States

Number of

 

7.

Sole Voting Power: 21,500

Shares

 

Beneficially

 

8.

Shared Voting Power: -0-

Owned by

 

Each

 

9.

Sole Dispositive Power: 21,500

Reporting

 

Person With

 

10.

Shared Dispositive Power: -0-

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

21,500

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [  ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

  Less than 1%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

IN

 


Schedule 13D

CUSIP No. 978842 10 2

Page 7 of 17 Pages

 

1.

 

Names of Reporting Persons.
Kenneth R. Wasiak

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [X]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

AF

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[  ]

6.

Citizenship or Place of Organization

United States

Number of

 

7.

Sole Voting Power: -0-

Shares

 

Beneficially

 

8.

Shared Voting Power: 2,327,500

Owned by

 

Each

 

9.

Sole Dispositive Power: -0-

Reporting

 

Person With

 

10.

Shared Dispositive Power: 2,327,500

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

2,327,500

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [  ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

  2.5%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

IN, HC

 


Schedule 13D

CUSIP No. 978842 10 2

Page 8 of 17 Pages

 

1.

 

Names of Reporting Persons.
Ravenswood Management Company, L.L.C.

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [X]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

AF

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[  ]

6.

Citizenship or Place of Organization

New York 

Number of

 

7.

Sole Voting Power: -0-

Shares

 

Beneficially

 

8.

Shared Voting Power: 2,327,500

Owned by

 

Each

 

9.

Sole Dispositive Power: -0-

Reporting

 

Person With

 

10.

Shared Dispositive Power: 2,327,500

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

2,327,500

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [  ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

2.5%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

OO

 


Schedule 13D

CUSIP No. 978842 10 2

Page 9 of 17 Pages

 

1.

 

Names of Reporting Persons.
The Ravenswood Investment Company, L.P.

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [X]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

WC

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[  ]

6.

Citizenship or Place of Organization

New York 

Number of

 

7.

Sole Voting Power: -0-

Shares

 

Beneficially

 

8.

Shared Voting Power: 1,280,433

Owned by

 

Each

 

9.

Sole Dispositive Power: -0-

Reporting

 

Person With

 

10.

Shared Dispositive Power: 1,280,433

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

1,280,433

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [  ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

1.4%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

PN

 


Schedule 13D

CUSIP No. 978842 10 2

Page 10 of 17 Pages

 

1.

 

Names of Reporting Persons.
Ravenswood Investments III, L.P.

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

  [   ]

 

 

 

(b)

  [X]

 

 

3.

 

SEC Use Only

 

4.

 

Source of Funds (See Instructions)

 

 

WC

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

[  ]

6.

Citizenship or Place of Organization

New York 

Number of

 

7.

Sole Voting Power: -0-

Shares

 

Beneficially

 

8.

Shared Voting Power: 1,047,067

Owned by

 

Each

 

9.

Sole Dispositive Power: -0-

Reporting

 

Person With

 

10.

Shared Dispositive Power: 1,047,067

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

1,047,067

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares [  ]

 

 

 

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

 

1.1%

 

14.

 

Type of Reporting Person (See Instructions)

 

 

PN

 


SCHEDULE 13D

CUSIP No. 978842 10 2

Page 11 of 17 Pages

                 This Statement on Schedule 13D Amendment No. 1 (this "Statement") is filed on behalf of the Reporting Persons with the Securities and Exchange Commission (the "Commission").  This Statement amends the initial Statement of Beneficial Ownership on Schedule 13D (the "Initial Statement," and as so amended, the "Schedule 13D") relating to shares of Class A Common Stock, $0.01 par value per share, of Woodbridge Holdings Corporation, formerly known as Levitt Corporation, filed on October 11, 2007 with the Commission as specifically set forth herein.  Capitalized terms used herein and not otherwise defined herein shall have the same meanings ascribed to them in the Initial Statement.

 

Item 1.

Security and Issuer

Item 1 of the Initial Statement is hereby amended and restated to read as follows:

                 This Statement relates to shares of Class A Common Stock, par value $0.01 per share (the "Common Stock"), of Woodbridge Holdings Corporation (the "Issuer"), formerly known as Levitt Corporation.  The address of the Issuer's principal executive office is 2100 West Cypress Creek Road, Fort Lauderdale, FL 33309.

Item 2.

Identity and Background

Item 2 of the Initial Statement is hereby amended and restated to read as follows:

                 (a), (b), (c) and (f).  This Statement is filed on behalf of Robert E. Robotti ("Robotti"), Robotti & Company, Incorporated ("ROBT"), Robotti & Company, LLC ("Robotti & Company"), Robotti & Company Advisors, LLC ("Robotti Advisors"), Suzanne Robotti, Kenneth R. Wasiak ("Wasiak"), Ravenswood Management Company, L.L.C. ("RMC"), The Ravenswood Investment Company, L.P. ("RIC"), and Ravenswood Investments III, L.P. ("RI," and together with Robotti, ROBT, Robotti & Company, Robotti Advisors, Suzanne Robotti, Wasiak, RMC and RIC the "Reporting Persons").

               Mr. Robotti is a United States citizen whose principal occupation is serving as the president and treasurer of ROBT.  ROBT, a New York corporation, is the parent holding company of Robotti & Company and Robotti Advisors.  Robotti & Company, a New York limited liability company, is a broker-dealer registered under Section 15 of the Securities Exchange Act of 1934, as amended ("Exchange Act").  Robotti Advisors, a New York limited liability company, is an investment advisor registered under the Investment Advisers Act of 1940, as amended.

               Suzanne Robotti is a United States citizen and the wife of Mr. Robotti.

               Mr. Wasiak, is a United States citizen whose principal occupation is serving as a consultant in the accounting firm of Pustorino, Puglisi & Company, P.C.  Each of Messrs. Robotti and Wasiak is a Managing Member of RMC.  RMC, a New York limited liability company, is the general partner of RIC and RI.  RIC and RI, New York limited partnerships, are private investment partnerships engaged in the purchase and sale of securities for their own accounts.

               The address of each of the Reporting Persons other than Mr. Wasiak, RIC, RMC and RI is 52 Vanderbilt Avenue, New York, New York, 10017.  RMC's, RIC's, and RI's address is 104 Gloucester Road, Massapequa, New York, 11758.  Mr. Wasiak's business address is 515 Madison Avenue, New York, New York 10022.

                Executive Officers and Directors:

                In accordance with the provisions of General Instruction C to Schedule 13D information concerning executive officers and directors of ROBT, Robotti & Company and Robotti Advisors included in Schedule A hereto, which is incorporated by reference herein.


SCHEDULE 13D

CUSIP No. 978842 10 2

Page 12 of 17 Pages

              (d) and (e).  None of the Reporting Persons, and to the best knowledge of the Reporting Persons, none of the persons set forth on Schedule A, has during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3.

Source and Amount of Funds or Other Consideration

Item 3 of the Initial Statement is hereby amended and restated to read as follows:

                      The aggregate purchase price of the 4,900 shares of the Common Stock held by Mr. Robotti is $11,374.00 (including brokerage fees and expenses).  All of the shares of Common Stock beneficially held by Mr. Robotti were paid for using his personal funds.

                      The aggregate purchase price of the 156,995 shares of the Common Stock held by Robotti & Company is $513,013.14 (including brokerage fees and expenses).  All of the shares of Common Stock beneficially held by Robotti & Company were paid for using the personal funds of its discretionary customers.

                      The aggregate purchase price of the 3,120,494 shares of the Common Stock held by Robotti Advisors is $8,341,776.26 (including brokerage fees and expenses).  All of the shares of Common Stock beneficially held by Robotti Advisors were paid for using the personal funds of its clients.

                      The aggregate purchase price of the 21,500 shares of the Common Stock held by Suzanne Robotti is $49,824.00 (including brokerage fees and expenses).  All of the shares of Common Stock beneficially held by Suzanne Robotti were paid for using her personal funds.

                      The aggregate purchase price of the 1,280,433 shares of the Common Stock held by RIC is $3,158,668.82 (including brokerage fees and expenses).  All of the shares of Common Stock beneficially held by RIC were paid for using its working capital.

                      The aggregate purchase price of the 1,047,067 shares of the Common Stock held by RI is $2,418,851.38 (including brokerage fees and expenses).  All of the shares of Common Stock beneficially held by RI were paid for using its working capital.

Item 4.

Purpose of Transaction

Item 4 of the Initial Statement has been amended and restated to read as follows:

                The Reporting Persons originally acquired certain of the Common Stock as a result of exercising subscription rights to purchase shares of the Issuer's Common Stock through the Issuer's rights offering (the "Rights Offering") as detailed in the Issuer's prospectus dated August 29, 2007.  The Rights Offering expired on October 1, 2007.

                The Reporting Persons acquired the Common Stock for investment purposes and not with the intent to change or influence control of the Issuer or to participate in any transaction having that purpose or effect.  The Reporting Persons reserve the right to change their plan and intentions at any time as they deem appropriate.

                The Reporting Persons may acquire additional shares of the Common Stock, dispose all or some of these share of the Common Stock from time to time, in each case in the open market or private transactions, block sales or purchases or otherwise, or may continue to hold the shares of the Common Stock, depending on business and market conditions, their continuing evaluation of the business and prospects of the Issuer and other factors.  In addition, the Reporting Persons intend to communicate with other shareholders and management of the Issuer about maximizing the value of their shares of Common Stock.


SCHEDULE 13D

CUSIP No. 978842 10 2

Page 13 of 17 Pages

                 Depending on factors deemed relevant by the Reporting Persons, including but not limited to change in the Issuer's business, governance or financial situation, the Reporting Persons reserves the right to formulate other plans and/or make proposals, and take such actions set forth in this response to Item 4 and any other actions as the Reporting Persons, or any of them, may determine.

                 Robotti & Company and Robotti Advisors (the "Lead Plaintiffs") moved to be appointed lead plaintiff in a class action alleging violations of the federal securities laws initiated by Robert D. Dance, as plaintiff, versus the Issuer, Alan B. Levan and George P. Scanlon, as defendants.  The Lead Plaintiffs' motion was granted by the court on July 7, 2008 and a copy of the decision granting the motion is attached hereto as Exhibit 3 and incorporated herein by reference.  Counsel for the Lead Plaintiffs are currently reviewing the complaint originally filed by Mr. Dance's attorneys and may amend the complaint to add additional allegations.

                 The Lead Plaintiffs invite interested parties to contact them should they have information pertinent to this lawsuit or otherwise wish to discuss matters relating thereto.

                 Presently the Reporting Persons have no plans or proposals which would relate or results in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein.

Item 5.

Interest in Securities of the Issuer

Item 5 of the Initial Statement has been amended and restated to read as follows:

(a)-(b) As of July 30, 2008, the aggregate number of shares of Common Stock and percentage of the outstanding Common Stock of the Issuer beneficially owned (i) by each of the Reporting Persons, and (ii) to the knowledge of the Reporting Persons, by each other person who may be deemed to be a member of a group, is as follows:






Reporting Person




Aggregate Number of Shares


Number of Shares: Sole Power to Vote or Dispose


Number of Shares: Shared Power to Vote or Dispose




Approximate Percentage*

Robotti (1)(2)(3)(4)(5)(6)(7)(8)

5,631,389

4,900

5,626,489

5.93%

ROBT (1)(3)(4)

3,277,489

0

3,277,489

3.45%

Robotti & Company (1)(3)

156,995

0

156,995

**

Robotti Advisors (1)(4)

3,120,494

0

3,120,494

3.28%

Suzanne Robotti(1)(5)(6)

21,500

21,500

0

**

Wasiak (1)(7)(8)

2,327,500

0

2,327,500

2.45%

RMC (1)(7)(8)

2,327,500

0

2,327,500

2.45%

RIC (1)(7)

1,280,433

0

1,280,433

1.35%

RI (1)(8)

1,047,067

0

1,047,067

1.10%

                     *Based on 95,040,731 shares of Class A Common Stock, $0.01 par value per share, outstanding at May 5, 2008 as disclosed in the Issuer's Quarterly Report on Form 10-Q, for quarter ended March 31, 2008, filed with the Commission on May 12, 2008.
                     **   Less than one percent.

              (1) Each of the Reporting Persons disclaims beneficial ownership of the securities held by any other Reporting Person except to the extent of such Reporting Person's pecuniary interest therein, if any.
              (2) Mr. Robotti has the sole power to vote or direct the vote, and has the sole power to dispose or to direct the disposition, of 4,900 shares of Common Stock.


SCHEDULE 13D

CUSIP No. 978842 10 2

Page 14 of 17 Pages

              (3) Each of Mr. Robotti and ROBT share with Robotti & Company the power to vote or direct the vote, and share the power to dispose or to direct the disposition, of 156,995 shares of Common Stock owned by the discretionary customers of Robotti & Company.
              (4) Each of Mr. Robotti and ROBT share with Robotti Advisors the power to vote or direct the vote, and share the power to dispose or to direct the disposition, of 3,120,494 shares of Common Stock owned by the advisory clients of Robotti Advisors.
              (5) Suzanne Robotti has the sole power to vote or direct the vote, and has the sole power to dispose or to direct the disposition, of 21,500 share of Common Stock.
              (6) Mr. Robotti may be deemed to be the beneficial owner of the shares of Common Stock set forth in footnote (5) above, through his marriage to Suzanne Robotti.
              (7) Each of Messrs. Robotti and Wasiak and RMC share with RIC the power to vote or direct the vote, and share the power to dispose or to direct the disposition, of 1,280,433 shares of Common Stock owned by RIC.
              (8) Each of Messrs. Robotti and Wasiak and RMC share with RI the power to vote or direct the vote, and share the power to dispose or to direct the disposition, of 1,047,067 shares of Common Stock owned by RI.

(c) The table below lists all the transactions in the Issuer's Common Stock in the last sixty days by the Reporting Persons.  All transactions were made by Robotti & Company and Robotti Advisors in the open market.

Transactions in Shares of Common Stock Within the Past Sixty Days


Party


Date of Purchase/ Sale

Number of Shares of the Common Stock


Buy/Sell


Price Per Share

Robotti Advisors' Advisory Clients

05/08/2008

100

BUY

$1.75

Robotti Advisors' Advisory Clients

05/08/2008

(3,100)

SELL

$1.77

Robotti Advisors' Advisory Clients

05/09/2008

16,350

BUY

$1.75

Robotti Advisors' Advisory Clients

05/09/2008

(2,250)

SELL

$1.72

Robotti Advisors' Advisory Clients

05/16/2008

19,425

BUY

$1.4872

Robotti Advisors' Advisory Clients

05/23/2008

10,300

BUY

$1.4997

Robotti Advisors' Advisory Clients

05/27/2008

(1,500)

SELL

$1.67

Robotti & Company's Discretionary Customers


05/29/2008



(2,719)


SELL


$1.60

Robotti Advisors' Advisory Clients

06/03/2008

15,000

BUY

$1.51

Robotti Advisors' Advisory Clients

06/06/2008

19,133

BUY

$1.462

Robotti Advisors' Advisory Clients

06/09/2008

23,567

BUY

$1.403

Robotti Advisors' Advisory Clients

06/23/2008

(5,446)

SELL

$1.15

Robotti Advisors' Advisory Clients

07/01/2008

7,850

BUY

$1.136

Robotti Advisors' Advisory Clients

07/22/2008

45,900

BUY

$1.0899

Robotti & Company's Discretionary Customers


07/29/2008


(605)



SELL



$1.03

(d)

Robotti Advisors' advisory clients and Robotti & Company's discretionary customers have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, shares of Common Stock owned by them.  Except as set forth in the immediately preceding sentence, no person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock beneficially owned by the Reporting Persons.

(e)

Not Applicable.


SCHEDULE 13D

CUSIP No. 978842 10 2

Page 15 of 17 Pages

Item 6.

Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 of the Initial Statement is hereby amended and restated to read as follows:

                 Each of the Reporting Persons is a party to an Amended and Restated Joint Filing Agreement dated as of July 30, 2008 (the "Joint Filing Agreement"), pursuant to which the Reporting Persons agreed to jointly file this Statement and any and all amendments and supplements hereto with the Securities and Exchange Commission.  The Joint Filing Agreement is filed herewith as Exhibit 1 and incorporated herein by reference.

Item 7.

Materials To Be Filed As Exhibits

The following  documents are filed herewith or have been previously filed:

1.             Joint Filing Agreement dated October 11, 2007 by and among Robert E. Robotti, Robotti & Company, Incorporated, Robotti & Company, LLC, Robotti & Company Advisors, LLC, Kenneth R. Wasiak, Ravenswood Management Company, L.L.C., The Ravenswood Investment Company, L.P., and Ravenswood Investments III, L.P.

2.             Amended and Restated Joint Filing Agreement dated July 30, 2008 by and among Robert E. Robotti, Robotti & Company, Incorporated, Robotti & Company, LLC, Robotti & Company Advisors, LLC, Suzanne Robotti, Kenneth R. Wasiak, Ravenswood Management Company, L.L.C., The Ravenswood Investment Company, L.P., and Ravenswood Investments III, L.P

3.             Order of the Court dated July 7, 2008, appointing Robotti & Company, LLC and Robotti & Company Advisors, LLC as Lead Plaintiffs in a Class Action Complaint against Woodbridge Holdings Corporation, formerly known as Levitt Corporation, and its Officers, Alan Levan, Chief Executive Officer, and George P. Scanlon, Chief Financial Officer.


SCHEDULE 13D

CUSIP No. 978842 10 2

Page 16 of 17 Pages

SIGNATURE

After reasonable inquiry and to the best of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date:

July 30, 2008

Robotti & Company, Incorporated

/s/ Robert E. Robotti

By:

/s/ Robert E. Robotti

Robert E. Robotti

Name: Robert E. Robotti

Title: President and Treasurer

Robotti & Company, LLC

Robotti & Company Advisors, LLC

By:

/s/ Robert E. Robotti

By:

/s/ Robert E. Robotti

Name: Robert E. Robotti

Name: Robert E. Robotti

Title: President and Treasurer

Title: President and Treasurer

/s/ Suzanne Robotti

By:

/s/ Kenneth R. Wasiak

Suzanne Robotti

Kenneth R. Wasiak

Ravenswood Management Company, L.L.C.

The Ravenswood Investment Company, L.P.

By:

/s/ Robert E. Robotti

By:

Ravenswood Management Company, L.L.C.

Name: Robert E. Robotti

Its General Partner

Title: Managing Member

Ravenswood Investments III, L.P.

By:

/s/ Robert E. Robotti

Name: Robert E. Robotti

By:

Ravenswood Management Company, L.L.C.

Title: Managing Member

Its General Partner

By:

/s/ Robert E. Robotti

Name: Robert E. Robotti

Title: Managing Member


SCHEDULE 13D

CUSIP No. 978842 10 2

Page 17 of 17 Pages

Schedule A

The following table sets forth certain information concerning each of the directors and executive officers of each of the entities named below as of the date hereof.

Robotti & Company, Incorporated, Robotti & Company, LLC, and Robotti & Company Advisors, LLC

Name:

Robert E. Robotti

(Director, President, Treasurer)

Citizenship

U.S.A.

Principal Occupation:

President and Treasurer, Robotti & Company, Incorporated

Business Address:

52 Vanderbilt Avenue, New York, New York 10017

Name:

Joseph E. Reilly

(Director, Secretary)

Citizenship:

U.S.A.

Principal Occupation:

Director and Secretary, Robotti & Company, Incorporated

Business Address:

52 Vanderbilt Avenue, New York, New York 10017

Name:

Kenneth R. Wasiak

(Director)

Citizenship

U.S.A.

Principal Occupation:

Consultant, Pustorino, Puglisi & Co., P.C.

Business Address:

515 Madison Avenue, New York, New York 10022

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