-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O9EKb9OK8QiUwBAPGoh+W6gVaSeUf0L4ltntW3n1Vzh0ZCYe4MLFGPEwjFhBDbwR 75yOSLKdUCo/rCKiMkHCyQ== 0001005477-99-004806.txt : 19991021 0001005477-99-004806.hdr.sgml : 19991021 ACCESSION NUMBER: 0001005477-99-004806 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991020 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN RESIDENTIAL INVESTMENT TRUST INC CENTRAL INDEX KEY: 0001035744 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 330741174 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-52265 FILM NUMBER: 99731035 BUSINESS ADDRESS: STREET 1: 445 MARINE VIEW AVE SUITE 230 STREET 2: STE 260 CITY: DEL MAR STATE: CA ZIP: 92014 BUSINESS PHONE: 6193505008 MAIL ADDRESS: STREET 1: 445 MARINE VIEW AVE SUITE 230 CITY: DEL MAR STATE: CA ZIP: 92014 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALETHEID RESEARCH & MANAGEMENT INC CENTRAL INDEX KEY: 0001087839 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954647814 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: STE 1960 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3108990800 MAIL ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: STE 1960 CITY: SANTA MONICA STATE: CA ZIP: 90401 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 1)(1) AMERICAN RESIDENTIAL INVESTMENT TRUST, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 02926T103 - -------------------------------------------------------------------------------- (CUSIP Number) Noah Klarish & Associates, P.C. 1 World Trade Center, 85th Floor New York, NY 10048 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 15, 1999 - -------------------------------------------------------------------------------- (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(b) for other parties to whom copies are to be sent. (1) 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 disclosures provided in a prior cover page. The information required on 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 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). CUSIP No. 02926T103 SCHEDULE 13D Page 2 of 7 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Aletheia Research and Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |x| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC, 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 90,800 (Includes 42,000 shares held by Aletheia Hyperion, L.P. and 48,800 shares held by Aletheia Metron, L.P. over which the Reporting Person has voting power) -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 504,282 WITH (Includes 42,000 shares held by Aletheia Hyperion, L.P. 48,800 shares held by Aletheia Metron, L.P., and 413,482 shares held by various accounts over which Reporting Person has shared dispositive power. -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 413,482 Shares held by various accounts over which Reporting Person has shared dispositive authority - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 504,282 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.26% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. Security and Issuer. This statement relates to the Common Stock, $.01 par value per share (the "Common Stock"), of American Residential Investment Trust, Inc., a Maryland corporation (the "Issuer"). The Issuer maintains its principal executive office at 445 Marine View Avenue, Suite 230, Del Mar, CA 92014. Item 2. Identity and Background. (a) This statement is filed by Aletheia Research and Management, Inc., a California corporation ("Aletheia Research and Management"), with respect to (i) shares of the Issuer's Common Stock held in investment accounts over which Aletheia Research and Management has dispositive authority, (ii) shares of the Issuer's Common Stock held by Aletheia Hyperion, L.P., a Delaware limited partnership ("Aletheia Hyperion") for whom Aletheia Research and Management acts as general partner, and (iii) shares of the Issuer's Common Stock held by Aletheia Metron, L.P., a Delaware limited partnership ("Aletheia Metron") for whom Aletheia Research and Management acts as general partner. Aletheia Research and Management shall sometimes be referred to herein as the "Reporting Person." (b) The Reporting Person filed an initial Schedule 13D for an event of May 26, 1999 (the "Initial Schedule"). Except to the extent set forth in this amendment, the information in the Initial Schedule remains unchanged. Item 3. Source and Amount of Funds or Other Consideration. Aletheia Research and Management has dispositive authority over accounts which own 413,482 shares of the Issuer's Common Stock for which such accounts paid a total of $3,072,171 from the personal funds of the beneficial owners of such accounts. Aletheia Hyperion directly owns 42,000 shares of the Issuer's Common Stock for which it paid $329,700 from its investment capital. Aletheia Metron directly owns 48,800 shares of the Issuer's Common Stock for which it paid $370,392 from its investment capital. Item 5. Interest in Securities of the Issuer. (a) The number of shares of the Issuer's Common Stock and the percentage of the outstanding shares (based upon 8,055,500 shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 1999) directly beneficially owned by each Reporting Person is as follows: 3 Percentage of Name Number of Shares Outstanding Shares - ---- ---------------- ------------------ Aletheia Hyperion 42,000 0.5% Aletheia Metron 48,800 0.6% Accounts over which 413,482 5.1% Aletheia Research and Management has dispositive authority (b) Aletheia Research and Management has sole power to vote 90,800 shares of the Issuer's Common Stock and sole power to dispose or to direct the disposition of 504,282 shares of the Issuer's Common Stock. (c) See Appendix A annexed hereto. 4 Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: October 20, 1999 ALETHEIA RESEARCH AND MANAGEMENT, INC. By: /s/ Peter J. Eichler ----------------------------------------- Peter J. Eichler, Chief Executive Officer 5 APPENDIX 1 TRANSACTIONS IN AMERICAN RESIDENTIAL INVESTMENT TRUST, INC. COMMON STOCK WITHIN THE PAST 60 DAYS All transactions were open market purchases and the commissions are included in the price of the shares. 1. Accounts over which the Reporting Person has Dispositive Authority. TRADE NUMBER OF PURCHASE COST OF DATE SHARES PRICE PER PURCHASES ---- PURCHASED SHARE --------- --------- ----- 9/1/99 262 $ 7.7252 $ 2,024.00 9/22/99 8,000 7.7381 61,904.80 9/23/99 5,000 8.0548 40,274.00 9/24/99 5,000 8.0986 40,493.00 9/27/99 4,000 8.2005 32,802.00 9/30/99 2,000 8.4920 16,984.00 10/4/99 5,000 8.5154 42,577.00 10/5/99 8,120 8.6515 70,250.00 10/6/99 4,000 8.5512 34,204.80 10/15/99 6,200 7.7460 48,025.20 ----- --------- 47,582 $389,538.80 2. Aletheia Metron, L.P. TRADE NUMBER OF PURCHASE COST OF DATE SHARES PRICE PER PURCHASES ---- PURCHASED SHARE ---------- --------- ----- 8/16/99 2,000 $ 7.175 $ 14,350.00 8/23/99 2,000 7.80 15,600.00 9/22/99 2,800 7.55 21,140.00 9/30/99 1,000 8.2375 8,237.50 9/30/99 1,000 8.3625 8,362.50 10/7/99 2,000 8.3625 16,725.00 ------ --------- 10,800 $ 84,415.00 6 3. Aletheia Hyperion, L.P. NUMBER OF PURCHASE TRADE SHARES PRICE PER COST OF DATE PURCHASED SHARE PURCHASES ---- --------- ----- --------- 10/4/99 2,000 $8.4875 $16,975.00 10/7/99 3,000 8.30 24,900.00 10/7/99 1,000 8.175 8,175.00 ----- -------- 6,000 $50,050.00 7 -----END PRIVACY-ENHANCED MESSAGE-----