-----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, IzcMq3e0Dd5NJ82/+SbPdKNBegY8/DWt+cfTpAQbyOytOnCaNsBBYCSBJ6uJZMN8 +EmwlaPEX7jFX3SX5pZbVg== 0000950152-97-001077.txt : 19970222 0000950152-97-001077.hdr.sgml : 19970222 ACCESSION NUMBER: 0000950152-97-001077 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970214 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVATAR HOLDINGS INC CENTRAL INDEX KEY: 0000039677 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 231739078 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-18713 FILM NUMBER: 97535464 BUSINESS ADDRESS: STREET 1: 255 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 BUSINESS PHONE: 3054427000 MAIL ADDRESS: STREET 1: 255 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 FORMER COMPANY: FORMER CONFORMED NAME: GAC CORP /DE/ DATE OF NAME CHANGE: 19801023 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL ACCEPTANCE CORP DATE OF NAME CHANGE: 19710208 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KEYCORP /NEW/ CENTRAL INDEX KEY: 0000091576 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 346542451 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 127 PUBLIC SQ CITY: CLEVELAND STATE: OH ZIP: 44114-1306 BUSINESS PHONE: 2166893000 MAIL ADDRESS: STREET 1: 127 PUBLIC SQ CITY: CLEVELAND STATE: OH ZIP: 44114-1306 FORMER COMPANY: FORMER CONFORMED NAME: SOCIETY CORP DATE OF NAME CHANGE: 19920703 SC 13G/A 1 KEYCORP/AVATAR HOLDINGS SC 13G/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 Avatar Holdings. - -------------------------------------------------------------------------------- (Name of Issuer) (Amendment No. 12) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 053494100 - -------------------------------------------------------------------------------- (Cusip Number) Check the following if a fee is being paid with this statement ___. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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). (Continued on the following page(s)) Page 1 of 5 2 CUSIP NO. 053494100 13G PAGE 2 OF 5 PAGES 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON KeyCorp I.R.S. Employer Identification No. 14-1538208 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not Applicable (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Ohio 5 SOLE VOTING POWER 0 Number of Shares 6 SHARED VOTING Beneficially POWER 1,887,476 Owned By Each Reporting 7 SOLE DISPOSITIVE Person With POWER 0 8 SHARED DISPOSITIVE 1,887,476 POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,887,476 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 20.8% 12 TYPE OF REPORTING PERSON* HC SEC 1745 (6-80) *SEE INSTRUCTIONS BEFORE FILLING OUT 2 of 5 3 SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 SCHEDULE 13G Under the Securities and Exchange Act of 1934 (Amendment No. 12) ITEM 1 (a). NAME OF ISSUER: Avatar Holdings, Inc. - -------------------------------------------------------------------------------- ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 255 Alhambra Circle - -------------------------------------------------------------------------------- Coral Gables, Florida 33134 - -------------------------------------------------------------------------------- ITEM 2 (a). NAME OF PERSON FILING: KeyCorp - -------------------------------------------------------------------------------- ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: 127 Public Square - -------------------------------------------------------------------------------- Cleveland, Ohio 44114-1306 - -------------------------------------------------------------------------------- ITEM 2 (c). PLACE OF ORGANIZATION: State of Ohio - -------------------------------------------------------------------------------- ITEM 2 (d). TITLE OF CLASS OF SECURITIES: Common Stock - -------------------------------------------------------------------------------- ITEM 2 (e). CUSIP NUMBER: 053494100 - -------------------------------------------------------------------------------- ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13D - 2 (b), INDICATE TYPE OF PERSON FILING: Person filing is a Parent Holding Company, in accordance with 240.13d - 1(b)(ii)(G) - -------------------------------------------------------------------------------- 3 of 5 4
ITEM 4. OWNERSHIP: (a) Amount of beneficially owned: 1,887,476 shares --------------------------------- (b) Percent of class: 20.8% --------------------------------- (c) Number of shares as to which such person has: (i)Sole power to vote or to direct the vote 0 ---------------- (ii)Shared power to vote or to direct the vote 1,887,476 ---------------- (iii)Sole power to dispose or to direct the disposition of 0 ---------------- (iv)Shared power to dispose or to direct the disposition of 1,887,476 ----------------
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: Other persons are known to have the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of these securities. Those persons whose interest relates to more than five percent of the class are: None ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Identification: Key Trust Company, Key Trust Company, Ohio, Key Trust Company, Indiana Classification: (B) Bank as defined by Section 3 (A)(6) of the Act. Identification: Spears, Benzak, Solomon, & Farrell, Inc Classification: Registered investment advisor ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not Applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not Applicable 4 of 5 5 ITEM 10. CERTIFICATION The undersigned expressly declares that the filing of the Schedule 13G shall not be construed as an admission that the undersigned is, for purposes of Section 13(d) and 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any securities covered by this Schedule 13G. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 14, 1997 KeyCorp By: /s/ Trace Swisher Trace Swisher Executive Vice President and Chief Fiduciary Officer Key PrivateBank 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----