-----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, AynTXXJhr1sgdGf3BafbUOec66/XJLw8JVOtFdwdc2yVQIBVOc73wp5XWQgE/PSO 5Ic0lbbfCYOQ7At3V17HcQ== 0000902664-06-002286.txt : 20061020 0000902664-06-002286.hdr.sgml : 20061020 20061020172428 ACCESSION NUMBER: 0000902664-06-002286 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061020 DATE AS OF CHANGE: 20061020 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OLD STONE CORP CENTRAL INDEX KEY: 0000074273 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 050341273 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32342 FILM NUMBER: 061156201 BUSINESS ADDRESS: STREET 1: 957 WARREN AVE CITY: E PROVIDENCE STATE: RI ZIP: 02914 BUSINESS PHONE: 4015210065 MAIL ADDRESS: STREET 1: 2700 HOSPITAL TRUST TOWER STREET 2: EDWARDS & ANGELL CITY: PROVIDENCE STATE: RI ZIP: 02903 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MANTICORE PROPERTIES LLC CENTRAL INDEX KEY: 0001049558 IRS NUMBER: 133974831 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2122860300 MAIL ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 sc13da.txt OLD STONE CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 24) OLD STONE CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $1.00 PER SHARE CUMULATIVE VOTING CONVERTIBLE PREFERRED STOCK, SERIES B, PAR VALUE $1.00 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 680293107 (COMMON STOCK) 680293305 (PREFERRED STOCK) - -------------------------------------------------------------------------------- (CUSIP Number) ROY J. KATZOVICZ, ESQ. GOTHAM PARTNERS MANAGEMENT CO., LLC 888 SEVENTH AVENUE, 29TH FLOOR NEW YORK, NY 10019 (212) 286-0300 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 13, 2006 - -------------------------------------------------------------------------------- (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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss.240.13d-7 for other parties to whom copies are to be sent. 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 26 Pages - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 2 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Manticore Properties, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 NUMBER OF SHARES 1,407,144 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 1,407,144 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Common Shares - -------------------------- -------- -------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,407,144 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.96% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 3 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Manticore Properties, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 5 CHECK BOX 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 SHARES BENEFICIALLY 299,016 Preferred Shares OWNED BY -------- -------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 0 Preferred Shares WITH -------- -------------------------------------------- 9 SOLE DISPOSITIVE POWER 299,016 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Preferred Shares - -------------------------- -------- -------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 299,016 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.56% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 4 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Manticore Properties II, L.P. - ----------- -------------------------------------------------------------------- 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) WC;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 Delaware - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 455,203 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 455,203 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 455,203 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.49% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 5 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Manticore Properties II, L.P. - ----------- -------------------------------------------------------------------- 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) WC;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 Delaware - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 80,188 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 80,188 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Preferred Shares - -------------------------- -------- -------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 80,188 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.66% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 6 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Mantpro, 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) WC;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 Delaware - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 455,203 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 455,203 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 455,203 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.49% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 7 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Mantpro, 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) WC;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 Delaware - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 80,188 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 80,188 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 80,188 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.66% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 8 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Partners, L.P. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 564,338 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 1,407,144 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 564,338 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,407,144 Common Share - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,971,482 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.76% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 9 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Partners, L.P. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 27,428 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 299,016 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 27,428 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 299,016 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 326,444 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 31.18% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 10 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Partners III, L.P. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 56,278 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 1,407,144 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 56,278 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,407,144 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,463,422 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.64% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 11 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Partners III, L.P. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------- -------- -------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 3,946 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 299,016 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 3,946 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 299,016 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 302,962 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.94% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 12 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham International Advisors, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 NUMBER OF SHARES 724,661 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 724,661 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 724,661 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.73% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO; IA =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 13 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham International Advisors, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 NUMBER OF SHARES 167,915 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 167,915 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 167,915 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.04% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO; IA =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 14 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Holdings II, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 NUMBER OF SHARES 0 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 1,407,144 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,407,144 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,407,144 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.96% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 15 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Holdings II, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 NUMBER OF SHARES 0 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 299,016 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 299,016 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 299,016 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.56% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 16 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Holdings III, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 NUMBER OF SHARES 0 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 17 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Gotham Holdings III, L.L.C. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 NUMBER OF SHARES 0 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 18 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) William A. Ackman - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 SHARES 0 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 3,207,624 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,207,624 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,207,624 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 38.66% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN; HC =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 19 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) William A. Ackman - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 SHARES 0 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 578,493 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 578,493 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 578,493 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.26% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN; HC =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 20 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) David P. Berkowitz - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 SHARES 0 Common Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 2,752,421 Common Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Common Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,752,421 Common Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,752,421 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.17% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN; HC =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 21 of 26 Pages - -------------------------- ------------------------ =========== ==================================================================== 1 NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) David P. Berkowitz - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ----------- -------------------------------------------------------------------- 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 SHARES 0 Preferred Shares BENEFICIALLY -------- -------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 498,305 Preferred Shares PERSON -------- -------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 Preferred Shares -------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 498,305 Preferred Shares - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 498,305 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 47.60% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN; HC =========== ==================================================================== - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 22 of 26 Pages - -------------------------- ------------------------ This Amendment No. 24 amends the Statement on Schedule 13D, as originally filed on December 24, 1997 (the "Prior Statement") as amended and restated by Amendment No. 20 previously filed on June 10, 2003, (the "Statement") by Gotham Partners, L.P., a New York limited partnership ("Gotham"), Gotham Partners II, L.P., a New York limited partnership ("Gotham II"), Gotham Partners III, L.P., a New York limited partnership ("Gotham III"), (together the "Funds"), Manticore Properties, LLC, a Delaware limited liability company ("Manticore"), Gotham International Advisors, L.L.C., a Delaware limited liability company ("Gotham Advisors"), Mantpro, LLC, a Delaware limited liability company ("Mantpro, LLC"), Manticore Properties II, L.P. (the "Purchaser"), Gotham Holdings II, L.L.C., a Delaware limited liability company ("Holdings II"), Gotham Holdings III, L.L.C., a Delaware limited liability company ("Holdings III"), Mr. William A. Ackman ("Ackman") and Mr. David Berkowitz ("Berkowitz") and relating to the beneficial ownership of shares of Common Stock, par value $1.00 per share (the "Common Shares") and shares of Cumulative Voting Convertible Preferred Stock, Series B, par value $1.00 per share (the "Preferred Shares" and together with the Common Shares, the "Shares") of Old Stone Corporation, a Rhode Island corporation (the "Company"). This amended and restated Schedule 13D is being filed to disclose the disposition of 71,625 Common Shares and 18,184 Preferred Shares by Holdings III by way of distribution to its equity holders. Each of Holdings III and the other filing persons and/or entities of this Statement on Schedule 13D hereby disclaim beneficial ownership of such Shares. The numbered items set forth below corresponding to the numbered items previously set forth in the Statement are hereby amended and restated as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) Manticore beneficially owns 1,407,144 Common Shares or 16.96% of the outstanding Common Shares and 299,016 or 28.56% of the outstanding Preferred Shares. The sole power to vote or direct the voting of and the power to dispose or direct the disposition of, such Shares is held by Manticore. Manticore II beneficially owns 455,203 Common Shares or 5.49% of the outstanding Common Shares and 80,188 Preferred Shares or 7.66% of the outstanding Preferred Shares. The sole power to vote or direct the voting of and the power to dispose or direct the disposition of, such Shares is held by Manticore II. Set forth below for each of Gotham, Ackman, Berkowitz, Gotham III, Holdings II, and Mantpro, LLC are the beneficial ownership positions for each including, the sole and/or shared power to vote or direct the voting of and the power to dispose or direct the disposition of, the Shares. Gotham beneficially owns an aggregate of 1,971,482 or 23.76% of the outstanding Common Shares, of which (i) 564,338 Common Shares are directly owned by Gotham, and (ii) 1,407,144 Common Shares are indirectly owned by Gotham through Manticore. Gotham beneficially owns an aggregate of 326,444 or 31.18% of the outstanding Preferred Shares, of which (i) 27,428 Preferred Shares are directly owned by Gotham, and (ii) 299,016 Preferred Shares are indirectly owned by Gotham through Manticore. Gotham III beneficially owns an aggregate of 1,463,422 or 17.64% of the outstanding Common Shares, of which (i) 56,278 Common Shares are directly owned by Gotham III, and (ii) 1,407,144 Common Shares are indirectly owned by Gotham III through Manticore. Gotham III beneficially owns an aggregate of 302,962 or 28.94% of the outstanding Preferred Shares, of which (i) 3,946 Preferred Shares are directly owned by Gotham III, and (ii) 299,016 Preferred Shares are indirectly owned by Gotham III through Manticore. Gotham Partners International, Ltd. ("Gotham International") owns 724,661 Common Shares or 8.73% of the outstanding Common Shares and 167,915 Preferred Shares or 16.04% of the outstanding - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 23 of 26 Pages - -------------------------- ------------------------ Preferred Shares. The sole power to vote or direct the voting of and the power to dispose or direct the disposition of such Shares is held by Gotham Advisors. Holdings II beneficially owns an aggregate of 1,407,144 or 16.96% of the outstanding Common Shares, which are indirectly owned by Holdings II through Manticore. Holdings II beneficially owns an aggregate of 299,016 or 28.56% of the outstanding Preferred Shares, which are indirectly owned by Holdings II through Manticore. Mantpro, LLC indirectly through Manticore II, beneficially owns 455,203 Common Shares or 5.49% of the outstanding Common Shares and 80,188 Preferred Shares, or 7.66% of the outstanding Preferred Shares. The sole power to vote or direct the voting of and the power to dispose or direct the disposition of such Shares is held by Manticore II. Ackman beneficially owns an aggregate of 3,207,624 Common Shares or 38.66% of the outstanding Common Shares which are indirectly owned by Ackman through each of Manticore, Gotham, Gotham III, Gotham International, Holdings II, Mantpro, LLC and the Purchaser. Ackman beneficially owns an aggregate of 578,493 Preferred Shares or 55.26% of the outstanding Preferred Shares which are indirectly owned by Ackman through each of Manticore, Gotham, Gotham III, Gotham International, Holdings II, Mantpro, LLC and the Purchaser. Berkowitz beneficially owns an aggregate of 2,752,421 Common Shares or 33.17% of the outstanding Common Shares which are indirectly owned by Berkowitz through each of Manticore, Gotham, Gotham III, Gotham International, and Holdings II. Berkowitz beneficially owns an aggregate of 498,305 Preferred Shares or 47.60% of the outstanding Preferred Shares which are indirectly owned by Berkowitz through each of Manticore, Gotham, Gotham III, Gotham International, and Holdings II. The number of shares beneficially owned by each of the Reporting Persons, and the percentages of outstanding shares represented thereby, have been computed in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. The ownership of the Reporting Persons is based on 8,297,046 outstanding Common Shares and 1,046,914 outstanding Preferred Shares of the Issuer as of July 18, 2002, as reported in the Issuer's Annual Report on Form 10-K for the period ended December 31, 2001. (b) Pursuant to the Investment Management Agreement, filed as Exhibit 1 to this Schedule 13D, Gotham Advisors currently has the power to vote and to dispose of all of the Common Stock beneficially owned by Gotham International. (c) None of the Reporting Persons has affected any transactions in the securities of the Company during the last sixty days, except as previously reported. (d) Not applicable. (e) Holdings III ceased to be a beneficial owner of Shares on October 13, 2006. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1* Agreement, dated November 14, 1997, among Manticore Properties, LLC, Gotham Partners, L.P. and Gotham Partners II, L.P. Exhibit 2* Joint Filing Agreement, dated as of June 9, 2003 * Previously filed. - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 24 of 26 Pages - -------------------------- ------------------------ After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certify that the information set forth in this Restatement is true, complete and correct. Date: October 13, 2006 MANTICORE PROPERTIES, LLC By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Managing Member MANTICORE PROPERTIES II, L.P. By: Mantpro, LLC its General Partner By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Managing Member MANTPRO, LLC By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Managing Member GOTHAM PARTNERS, L.P. By: Section H Partners, L.P., its general partner By: Karenina Corporation a general partner of Section H Partners, L.P. By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: President - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 25 of 26 Pages - -------------------------- ------------------------ GOTHAM PARTNERS III, L.P. By: Section H Partners, L.P., its general partner By: Karenina Corporation a general partner of Section H Partners, L.P. By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: President GOTHAM INTERNATIONAL ADVISORS, L.L.C. By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Senior Managing Member GOTHAM HOLDINGS II, L.L.C. By: Gotham Holdings Management LLC, the Manager By: /s/ William A. Ackman ------------------------------- William A. Ackman Senior Managing Member GOTHAM HOLDINGS III, L.L.C. By: Gotham Holdings Management LLC, the Manager By: /s/ William A. Ackman ------------------------------- William A. Ackman Senior Managing Member - -------------------------- ------------------------ CUSIP No. 680293107 13D Page 26 of 26 Pages - -------------------------- ------------------------ EXHIBIT INDEX Exhibit No. Description Exhibit 1* Agreement, dated November 14, 1997, among Manticore Properties, LLC, Gotham Partners, L.P. and Gotham Partners II, L.P. Exhibit 2* Joint Filing Agreement, dated as of June 9, 2003 - ----------------- * Previously filed. -----END PRIVACY-ENHANCED MESSAGE-----