-----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, BA+cHWbWrJSnvbeD2nqq4OGV/SqLTSYYlb8FsodjnP0XkvIlnb83/lNEYDT6agDq xNldRuOrsWq09zV26izByg== 0000950152-04-000211.txt : 20040113 0000950152-04-000211.hdr.sgml : 20040113 20040113164422 ACCESSION NUMBER: 0000950152-04-000211 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040113 GROUP MEMBERS: NANCY BECK GROUP MEMBERS: NORMA LERNER GROUP MEMBERS: RANDOLPH D. LERNER FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LERNER ALFRED TRUST DATED JUNE 29 2001 CENTRAL INDEX KEY: 0001272943 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 4900 KEY TOWER STREET 2: 127 PUBLIC SQUARE CITY: CLEVELAND STATE: OH ZIP: 44114 MAIL ADDRESS: STREET 1: 4900 KEY TOWER STREET 2: 127 PUBLIC SQUARE CITY: CLEVELAND STATE: OH ZIP: 44114 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOWN & COUNTRY TRUST CENTRAL INDEX KEY: 0000906110 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 526613091 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46736 FILM NUMBER: 04523101 BUSINESS ADDRESS: STREET 1: 100 STREET 2: 100 SOUTH CHARLES STREET CITY: BALTIMORE STATE: MD ZIP: 21201 BUSINESS PHONE: 4105397600 SC 13D 1 l04984asc13d.htm TOWN AND COUNTRY TRUST/AL LERNER TRUST SC 13D TOWN AND COUNTRY TRUST/AL LERNER TRUST SC 13D
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

        OMB APPROVAL

OMB Number: 3235-0145
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hours per response 14.90

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.    )*

The Town and Country Trust


(Name of Issuer)

Common Shares of Beneficial Interest, $.01 Par Value


(Title of Class of Securities)

892081100


(CUSIP Number)

The Alfred Lerner Trust dated June 29, 2001
c/o Squire, Sanders & Dempsey, L.L.P.,
4900 Key Tower, 127 Public Square
Cleveland, Ohio 44114
(216) 479-8500


(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

December 31, 2003


(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 §§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 §240.13d-7 for other parties to whom copies are to be sent.

* 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).

Persons who respond to the collection of Information contained In this form are not required to respond unless the form displays a currently valid OMB control number.

1


 

CUSIP No. 892081100


  1.   Names of Reporting Persons.
    I.R.S. Identification Nos. of above persons (entities only).
          The Alfred Lerner Trust dated June 29, 2001
          34-7151299

           
  2.   Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)

(b)                        X


  3.   SEC Use Only

 
  4.   Source of Funds (See Instructions)                        00*

 
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 
  6.   Citizenship or Place of Organization                      State of Ohio

             
Number of     7.     Sole Voting Power                         0
Shares Bene-    
ficially by            
Owned by Each     8.     Shared Voting Power                    0
Reporting    
Person With     9.     Sole Dispositive Power                 0
   
      10.     Shared Dispositive Power             0

  11.   Aggregate Amount Beneficially Owned by Each Reporting Person                2,152,299
 

 
  12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 

 
  13.   Percent of Class Represented by Amount in Row (11)                         11.748%
 

 
  14.   Type of Reporting Person (See Instructions)
 
                              00*
 
     
 
     
 
     

2


 

CUSIP No. 892081100


  1.   Names of Reporting Persons.
    I.R.S. Identification Nos. of above persons (entities only).
 
          Randolph D. Lerner, Esq.

           
  2.   Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)

(b)                        X


  3.   SEC Use Only

 
  4.   Source of Funds (See Instructions)                        00*

 
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 
  6.   Citizenship or Place of Organization                      State of New York

             
Number of     7.     Sole Voting Power                         2,500 (1)
Shares Bene-    
ficially by            
Owned by Each     8.     Shared Voting Power                           0
Reporting    
Person With     9.     Sole Dispositive Power                 2,500 (1)
   
      10.     Shared Dispositive Power                   0

  11.   Aggregate Amount Beneficially Owned by Each Reporting Person                        2,154,799 (2)
 

 
  12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 

 
  13.   Percent of Class Represented by Amount in Row (11)                         11.76%
 

 
  14.   Type of Reporting Person (See Instructions)
 
                              00*
 
     
 
     
 
     
(1)   Includes 2,500 Common Shares of Beneficial Interest held by Mr. Lerner as custodian for his minor child.
(2)   Includes 2,500 Common Shares of Beneficial Interest held by Mr. Lerner as custodian for his minor child and 2,152,299 Common Shares of Beneficial Interest beneficially owned by the Alfred Lerner Trust dated June 29, 2001.

3


 

CUSIP No. 892081100


  1.   Names of Reporting Persons.
    I.R.S. Identification Nos. of above persons (entities only).
          Nancy Beck

           
  2.   Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)

(b)                        X


  3.   SEC Use Only

 
  4.   Source of Funds (See Instructions)                        00*

 
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 
  6.   Citizenship or Place of Organization                      State of Ohio

             
Number of     7.     Sole Voting Power                7,500 (3)
Shares Bene-    
ficially by            
Owned by Each     8.     Shared Voting Power                   0
Reporting    
Person With     9.     Sole Dispositive Power        7,500 (3)
   
      10.     Shared Dispositive Power           0

  11.   Aggregate Amount Beneficially Owned by Each Reporting Person                2,159,799 (4)
 

 
  12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 

 
  13.   Percent of Class Represented by Amount in Row (11)                         11.79%
 

 
  14.   Type of Reporting Person (See Instructions)
 
                              00*
 
     
 
     
 
     
(3)   Includes 7,500 Common Shares of Beneficial Interest held by Mrs. Beck as custodian for her three minor children.
(4)   Includes 7,500 Common Shares of Beneficial Interest held by Mrs. Beck as custodian for her three minor children and 2,152,299 Common Shares of Beneficial Interest beneficially owned by the Alfred Lerner Trust dated June 29, 2001.

4


 

CUSIP No. 892081100


  1.   Names of Reporting Persons.
    I.R.S. Identification Nos. of above persons (entities only).
 
          Norma Lerner

           
  2.   Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)

(b)                        X


  3.   SEC Use Only

 
  4.   Source of Funds (See Instructions)                        00*

 
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 
  6.   Citizenship or Place of Organization                      State of Ohio

             
Number of     7.     Sole Voting Power                         0
Shares Bene-    
ficially by            
Owned by Each     8.     Shared Voting Power                    0
Reporting    
Person With     9.     Sole Dispositive Power                 0
   
      10.     Shared Dispositive Power             0

  11.   Aggregate Amount Beneficially Owned by Each Reporting Person                2,152,299 (5)
 

 
  12.   Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 

 
  13.   Percent of Class Represented by Amount in Row (11)                         11.748%
 

 
  14.   Type of Reporting Person (See Instructions)
 
                              00*
 
     
 
     
 
     
(5)   Includes 2,152,299 Common Shares of Beneficial Interest beneficially owned by the Alfred Lerner Trust dated June 29, 2001.

5


 

1. Security and Issuer

     This statement relates to the Common Shares of Beneficial Interest, $.01 par value (“TCT Common Shares”) of The Town and Country Trust, a Maryland real estate investment trust (“TCT” or the “Issuer”). The address of the TCT’s principal executive office is 100 South Charles Street, Suite 1700, Baltimore, Maryland 21201.

2. Identity and Background

     (a) This statement is being filed by the Alfred Lerner Trust dated June 29, 2001 (the “Trust”).

     (b) The Trust’s address is c/o Squire Sanders & Dempsey LLP, 4900 Key Tower, 127 Public Square, Cleveland, Ohio 44114. The co-trustees of the Trust are Norma Lerner, Randolph D. Lerner, Esq. and Nancy Beck. Each of the co-trustee’s address is c/o Squire Sanders & Dempsey LLP, 4900 Key Tower, 127 Public Square, Cleveland, Ohio 44114.

     (c) Mrs. Lerner is a director of MBNA Corporation. Mrs. Beck was appointed a trustee of TCT on December 20, 2002. Mr. Lerner was elected Chairman of the MBNA Corporation in November, 2002.

     (d) During the last five years, none of Mrs. Lerner, Mr. Lerner nor Mrs. Beck have been convicted in a criminal proceeding.

     (e) During the last five years, none of Mrs. Lerner, Mr. Lerner nor Mrs. Beck have been party to a civil proceeding of a judicial or administrative body of competent jurisdiction, nor have any of them been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

     (f) Each of the co-trustees is a United States citizen.

3. Source and Amount of Funds or Other Consideration

     The securities were transferred to the Trust by the Estate of Alfred Lerner, deceased (the “Estate”), pursuant to the will of Mr. Alfred Lerner. Therefore, this item is not applicable.

4. Purpose of Transaction

     The purpose of the transaction to which this Schedule 13D relates is as follows:

     The securities were transferred to the Trust by the Estate pursuant to the will of Mr. Alfred Lerner.

     (a) – (c) Not applicable.

     (d) There are no present plans or proposals to change the number or term of directors or to fill any existing vacancies on the board.

     (e) – (j) Not applicable.

5. Interest in Securities of the Issuer

     (a)-(b) The response of each of the Trust, Mrs. Lerner, Mr. Lerner and Mrs. Beck with respect to rows 7, 8, 9, 10, 11, 12 and 13 of the cover page to this Schedule 13D are incorporated herein by reference.

     (c)-(e) Not applicable.

6


 

6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

     None of the Trust, Mrs. Lerner, Mr. Lerner nor Mrs. Beck has any contract, arrangement, understanding or relationship with respect to any securities of TCT, including but not limited to transfer or voting of any of the securities of TCT, finder’s fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.

     The Trust acquired from the Estate an 11.74% limited partnership interest (the “Partnership Interest”) in The TC Operating Limited Partnership, a Maryland limited partnership (the “Operating Partnership”) of which TCT, together with a wholly-owned subsidiary, is the sole general partner. The Partnership Interest now owned by the Trust has the economic equivalence of 2,152,299 TCT Common Shares. Pursuant to the terms of the partnership agreement of the Operating Partnership, the Trust may convert the Partnership Interest into TCT Common Shares and the Trust is therefore deemed to be the beneficial owner of 2,152,299 TCT Common Shares (11.748% of the total outstanding TCT Common Shares).

7. Material to be Filed as Exhibits

     Exhibit A – Joint Filing Agreement

[Signature page to follow.]

7


 

Signatures

     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.

Dated: January 12, 2004
  Alfred Lerner Trust dated June 29, 2001

  By: /s/ Norma Lerner

Norma Lerner, Co-trustee

  By: /s/ Randolph D. Lerner

Randolph D. Lerner, Esq., Co-trustee

  By: /s/ Nancy Beck

Nancy Beck, Co-trustee

  /s/ Norma Lerner

Norma Lerner

  /s/ Randolph D. Lerner

Randolph D. Lerner, Esq.

  /s/ Nancy Beck

Nancy Beck

8


 

Exhibit A

Joint Filing Agreement pursuant to Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended.

     Each of the undersigned hereby agrees to be included in the filing of the Schedule 13D dated January 12, 2004, with respect to the issued and outstanding Common Shares of Beneficial Interest of The Town and Country Trust beneficially owned by each of the undersigned, respectively.

Dated: January 12, 2004
  Alfred Lerner Trust dated June 29, 2001

  By: /s/ Norma Lerner

Norma Lerner, Co-trustee

  By: /s/ Randolph D. Lerner

Randolph D. Lerner, Esq., Co-trustee

  By: /s/ Nancy Beck

Nancy Beck, Co-trustee

  /s/ Norma Lerner

Norma Lerner

  /s/ Randolph D. Lerner

Randolph D. Lerner, Esq.

  /s/ Nancy Beck

Nancy Beck

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