-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, FJUac2SQnN8EyyuWggHhbiUo9nUrusqCKxxz+0MPhtpSIN4KLKAWVUSjpho+XpUQ qWQNKBbP/c9254NTR15clA== 0000950109-94-000353.txt : 19940304 0000950109-94-000353.hdr.sgml : 19940304 ACCESSION NUMBER: 0000950109-94-000353 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940303 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMREP CORP CENTRAL INDEX KEY: 0000006207 STANDARD INDUSTRIAL CLASSIFICATION: 1531 IRS NUMBER: 590936128 STATE OF INCORPORATION: OK FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 34 SEC FILE NUMBER: 005-12681 FILM NUMBER: 94514494 BUSINESS ADDRESS: STREET 1: 10 COLUMBUS CIRCLE STREET 2: SUITE 1300 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125417300 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN REALTY & PETROLEUM CORP DATE OF NAME CHANGE: 19671019 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NICK G KARABOTS CENTRAL INDEX KEY: 0000918213 STANDARD INDUSTRIAL CLASSIFICATION: 0000 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P O BOX 736 CITY: FORT WASHINGTON STATE: PA ZIP: 19034 BUSINESS PHONE: 2156435800 SC 13D/A 1 FORM SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4) AMREP Corporation ------------------------------------ Name of Issuer Common Stock ------------------------------ (Title of Class of Securities) 032159105 ---------------- CUSIP Number Nick G. Karabots P. O. Box 736 Fort Washington, PA 19034 (215) 643-5800 ------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 1, 1994 --------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13D-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting 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 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 ("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). Page 1 of 4 CUSIP No. 032159105 Page 2 of 4 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Nick G. Karabots ###-##-#### - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* AF, PF, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 1,784,913 SHARES ---------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 0 REPORTING PERSON --------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 1,784,913 --------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,784,913 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 032159105 Page 3 of 4 This Amendment No. 4 to Schedule 13D ("Amendment No. 4") amends and supplements Amendment No. 3 to Schedule 13D dated January 31, 1994 (the "Statement") which amended and restated the entire text of the statement on Schedule 13D dated August 4, 1993, as amended by Amendment No. 1 dated December 22, 1993 and Amendment No. 2 dated January 21, 1994 relating to the Common Stock, $.10 par value, of AMREP Corporation, an Oklahoma corporation. In the event that any disclosure contained in this Amendment No. 4 is inconsistent with the disclosures contained in the Statement, the disclosures contained herein shall supersede such inconsistent disclosures from the date of this Amendment No. 4. Item 3. Source and Amount of Funds or Other Consideration The last paragraph of Item 3 is hereby amended and restated in its entirety as follows: Mr. Karabots acquired beneficial ownership of 1,196,320 shares (the "Bedford Shares") of Common Stock held by Peter B. Bedford ("Mr. Bedford"), upon entering into a Share Purchase Agreement with Mr. Bedford on January 21, 1994 (the "Share Purchase Agreement"), a copy of which is attached to the Statement as Exhibit D and incorporated therein by reference. Mr. Karabots acquired the Bedford Shares, directly, on March 1, 1994 in accordance with the Share Purchase Agreement, using a combination of personal funds and funds borrowed from entities which he controls. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The fourth paragraph of Item 6 is hereby amended and restated in its entirety as follows: On January 21, 1994, Mr. Karabots and Mr. Bedford entered into the Share Purchase Agreement, which provided for the purchase of the Bedford Shares by Mr. Karabots at a price of ten dollars per share or a total purchase price of $11,963,200. The purchase and sale of the Bedford Shares pursuant to the Share Purchase Agreement was consummated at a closing held on March 1, 1994. Although the Share Purchase Agreement provided that Mr. Karabots could assign his right to purchase the Bedford Shares to a corporation controlled by him, Mr. Karabots did not elect to assign such right and purchased the Bedford Shares directly. See Exhibit D (Section 1.1). CUSIP No. 032159105 Page 4 of 4 SIGNATURE --------- 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. March 3, 1994 /s/ Nick G. Karabots ----------------------- ---------------------------------- Date Nick G. Karabots -----END PRIVACY-ENHANCED MESSAGE-----