-----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, mv3FN+wywa1EedjjzhZDb4mRSCemPgZWgj+WNaSuif4eJZJ9nVnDPwh01z7bzfpH jRYMSI+otdccJvR9rgi9bg== 0000950109-95-000071.txt : 19950608 0000950109-95-000071.hdr.sgml : 19950608 ACCESSION NUMBER: 0000950109-95-000071 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950113 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMREP CORP CENTRAL INDEX KEY: 0000006207 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 590936128 STATE OF INCORPORATION: OK FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12681 FILM NUMBER: 95501411 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: UNKNOWN SIC - 0000 [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 SCHEDULE 13D-AMENDMENT NO. 8 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 8) 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) January 12, 1995 -------------------------------------- (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 8 pages CUSIP No. 032159105 Page 2 of 8 pages - -------------------------------------------------------------------------------- 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, BK - ------------------------------------------------------------------------------- 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 2,682,593 NUMBER OF ----------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ----------------------------------------- REPORTING PERSON 9. SOLE DISPOSITIVE POWER WITH 2,682,593 ----------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,682,593 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.3% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 032159105 Page 3 of 8 pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Glendi Publications, Inc. 59-2235938 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* AF, WC, OO, BK - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 1,385,680 NUMBER OF ----------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ----------------------------------------- REPORTING PERSON 9. SOLE DISPOSITIVE POWER WITH 1,385,680 ----------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,385,680 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.8% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 032159105 Page 4 of 8 pages This Amendment No. 8 to Schedule 13D ("Amendment No. 8") amends and supplements the prior statement on Schedule 13D (the "Statement") as filed by Mr. Karabots on Amendment No. 7 to Schedule 13D dated January 5, 1995, Amendment No. 6 to Schedule 13D dated September 15, 1994, Amendment No. 5 to Schedule 13D dated June 2, 1994, Amendment No. 4 to Schedule 13D dated March 1, 1994 and Amendment No. 3 to Schedule 13D dated January 31, 1994, which Amendment No. 3 to Schedule 13D 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, all of which relate to the Common Stock, $.10 par value, of AMREP Corporation, an Oklahoma corporation. In the event that any disclosure contained in this Amendment No. 8 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. 8. Item 3. Source and Amount of Funds or Other Consideration Item 3 of the Statement is hereby amended by adding one new paragraph following the last paragraph of Item 3 as follows: Mr. Karabots acquired beneficial ownership of an aggregate of 314,500 shares of Common Stock of the Corporation through open market purchases made by Glendi on January 10, 11 and 12, 1995, for an aggregate purchase price of $2,538,811.50. Glendi made these purchases using general corporate funds and funds obtained from its affiliate, Official Publications, Inc., a Delaware corporation ("Official"). Mr. Karabots is the sole stockholder of Official. Official obtained the funds by drawing on a line of credit established in the ordinary course of business. Item 5. Interest in Securities of the Issuer Item 5 of the Statement is hereby amended by deleting paragraphs (a), (b) and (c) thereof and substituting therefor the following: (a) Mr. Karabots beneficially owns all of the 2,682,593 shares of the Common Stock reported on this Statement, which shares represent approximately 36.3% of the outstanding shares of the Common Stock./1/ Mr. Karabots owns 751,913 of such shares of the Common Stock directly, he owns 1,385,680 of such shares indirectly through Glendi, and he owns the remaining 545,000 of such shares indirectly through other corporations of which he is the sole shareholder, sole director and chief executive officer, none of which other corporations individually owns five percent or more of the outstanding shares of the Common Stock. - --------------- /1/ The percentage of outstanding shares of the Common Stock was calculated with reference to the shares outstanding as of December 13, 1994, as reported in the Corporation's Quarterly Report on Form 10-Q for the quarterly period ended October 31, 1994. CUSIP No. 032159105 Page 5 of 8 pages (b) Mr. Karabots has sole voting and sole dispositive power as to all of the 2,682,593 shares of the Common Stock reported on this Statement. Glendi also has sole voting and sole dispositive power as to 1,385,680 of such shares. (c) Glendi has purchased 314,500 shares of the Common Stock on the open market since January 5, 1995 as set forth on Annex I hereto. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 of the Statement is hereby amended by adding one new paragraph following the last paragraph of Item 6 as follows: The last paragraph of Item 3 is incorporated herein by reference. CUSIP No. 032159105 Page 6 of 8 pages 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. January 12, 1995 /s/ Nick G. Karabots ----------------------- ----------------------------------- Date Nick G. Karabots CUSIP No. 032159105 Page 7 of 8 pages 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. GLENDI PUBLICATIONS, INC. January 12, 1995 By: /s/ Nick G. Karabots ----------------------- ----------------------------------------- Date Name: Nick G. Karabots Title: Chairman CUSIP No. 032159105 Page 8 of 8 pages ANNEX I TRANSACTIONS IN THE COMMON STOCK OF THE CORPORATION SINCE JANUARY 5, 1995
Person Effecting Nature of Number of Price Per Date Transaction Transaction Shares Share January 10, 1995 Glendi Purchase 6,500 $6.971 January 11, 1995 Glendi Purchase 38,000 $ 7.00 January 12, 1995 Glendi Purchase 270,000 $ 8.25
================================================================================ All of the purchases reflected in this Annex I were open market purchases. -----END PRIVACY-ENHANCED MESSAGE-----