-----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, PukexxgA9gtfYjHNqAERhPUmtS3FciZt1nN8TNZw12ouCc2TxHB0J+HoxCWSf+Mw 01Jwqq57hlAqRzaLVSzvnA== 0000950148-01-500913.txt : 20010601 0000950148-01-500913.hdr.sgml : 20010601 ACCESSION NUMBER: 0000950148-01-500913 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010531 GROUP MEMBERS: ASHER GOTTESMAN GROUP MEMBERS: IGOR KORBATOV GROUP MEMBERS: LEN FISCH GROUP MEMBERS: WEISMAN LYLE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: G&L REALTY CORP CENTRAL INDEX KEY: 0000912240 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954449388 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42963 FILM NUMBER: 1652124 BUSINESS ADDRESS: STREET 1: 439 N BEDFORD DR CITY: BEVERLY HILLS STATE: CA ZIP: 90210 BUSINESS PHONE: 3102739930 MAIL ADDRESS: STREET 1: 439 NORTH BEDFORD DRIVE CITY: BEVERLY HILLS STATE: CA ZIP: 90210 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WEISMAN LYLE CENTRAL INDEX KEY: 0001140464 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 14001 VENTURA BLVD CITY: LOS ANGELES STATE: CA ZIP: 91423 BUSINESS PHONE: 8187890919 MAIL ADDRESS: STREET 1: 14001 VENTURA BLVD CITY: LOS ANGELES STATE: CA ZIP: 91423 SC 13D/A 1 v73157sc13da.txt G&L REALTY CORP./ LYLE WEISMAN 1 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3) G & L Realty Corp. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 36127 11 09 - -------------------------------------------------------------------------------- (CUSIP Number) Aaron A. Grunfeld, Esq. Resch Polster Alpert & Berger LLP 10390 Santa Monica Blvd., 4th Floor Los Angeles, California 90025 (310) 277-8300 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 31, 2001 - -------------------------------------------------------------------------------- (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] 2 CUSIP No. 36127 11 09 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Lyle Weisman - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds PF, OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 81,900 Beneficially --------------------------------------------------------- Owned by 8. Shared Voting Power Each Reporting --------------------------------------------------------- Person 9. Sole Dispositive Power With 81,900 --------------------------------------------------------- 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 81,900 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 3.5% based upon total number of shares shown outstanding on most recent Annual Report - -------------------------------------------------------------------------------- 3 CUSIP No. 36127 11 09 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Asher Gottesman - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds PF, OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 33,210 Beneficially ------------------------------------------------------- Owned by 8. Shared Voting Power Each Reporting ------------------------------------------------------- Person 9. Sole Dispositive Power With 33,210 ------------------------------------------------------- 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 33,210 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 1.4% based upon total number of shares shown outstanding on most recent Annual Report - -------------------------------------------------------------------------------- 14. Type of Reporting Person IN - -------------------------------------------------------------------------------- 4 CUSIP No. 36127 11 09 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Len Fisch - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds PF, OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares Beneficially --------------------------------------------------------------- Owned by 8. Shared Voting Power . Each 160,000 joint voting power with Igor Korbatov Reporting --------------------------------------------------------------- Person 9. Sole Dispositive Power With --------------------------------------------------------------- 10. Shared Dispositive Power 160,000 joint dispositive power with Igor Korbatov - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 160,000, jointly with Igor Korbatov - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 6.9% based upon total number of shares shown outstanding on most recent Annual Report - -------------------------------------------------------------------------------- 14. Type of Reporting Person IN - -------------------------------------------------------------------------------- 5 CUSIP No. 36127 11 09 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Igor Korbatov - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds PF, OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares Beneficially --------------------------------------------------------- Owned 8. Shared Voting Power by 160,000 joint voting power with Len Fisch Each --------------------------------------------------------- Reporting 9. Sole Dispositive Power Person With --------------------------------------------------------- 10. Shared Dispositive Power 160,000 joint dispositive power with Len Fisch. - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 160,000, jointly with Len Fisch - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 6.9% based upon total number of shares shown outstanding on most recent Annual Report - -------------------------------------------------------------------------------- 14. Type of Reporting Person IN - -------------------------------------------------------------------------------- 6 The Schedule 13D, dated May 11, 2001, filed by the Reporting Persons, as amended by the Amendment No. 1 to Schedule 13D, filed on May 17, 2001, as amended by the Amendment No. 2 to Schedule 13D, filed on May 18, 2001, is hereby further amended by this Amendment No 3. Capitalized terms used herein without definition shall have the meanings given to them in prior filings. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Each of the Reporting Persons purchased the Common Stock in regular market transactions utilizing personal funds and funds made available on margin. The aggregate purchase price for the shares of Common Stock purchased through May 31, 2001 by Lyle Weisman was approximately $989,787. The aggregate purchase price for the shares of Common Stock purchased through May 31, 2001 by Asher Gottesman was approximately $395,280. The aggregate purchase price for the shares of Common Stock purchased through May 31, 2001 by Len Fisch and Igor Korbatov was approximately $1,936,837. ITEM 4. PURPOSE OF TRANSACTION Reference is made to the statement on Schedule 13D filed by the Reporting Persons on May 11, 2001, as amended on May 17 and May 18, 2001. This Amendment No. 3 is being filed to reflect additional purchases of Common Stock made separately by the individual Reporting Persons from May 17, 2001 through May 31, 2001 and further as set forth below. The Reporting Persons continue to believe that the underlying value of the Company's Common Stock is substantially higher than the cash prices offered by Messrs. Gottlieb and Lebowitz. The Reporting Persons currently intend to make an offer within 7 days, addressed to the Special Committee of the Board of Directors of the Company, at a price expected to be between $14.50 and $15.50 per share. The Reporting Persons expect to finance their offer through a combination of personal funds and funds from committed financing sources. The Reporting Persons have completed what they believe to be substantial due diligence which includes among other things MAI property evaluations on assets which the Reporting Persons estimate to represent over one-half of the real property values owned by the Company. These evaluations have been consistent with the opinions of the Reporting Persons on the net asset values of the Company and represent higher values than those apparently ascribed by the published offer of Messrs. Gottlieb and Lebowitz. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a)
Aggregate Number of Shares Approximate Name Beneficially Owned Percentage of Class - ----------------------------------------------------------------------------------------- Lyle Weisman 81,900 3.5% Asher Gottesman 33,210 1.4% Len Fisch and Igor Korbatov 160,000 6.9%
(b) 1. Lyle Weisman has sole voting and dispositive power over his 81,900 shares. 2. Asher Gottesman has sole voting and dispositive power over his 33,210 shares. 3. Len Fisch and Igor Korbatov have joint voting and dispositive power over their 160,000 shares. 7 (a) Transactions effected during the past sixty days: Reference is made to the statement on Schedule 13D filed by the Reporting Persons on May 11, 2001, as amended on May 17 and May 18, 2001. The following are the Common Stock purchases by the Reporting Persons made from May 17, 2001 through May 31, 2001. 1. Lyle Weisman stock purchases, all in open market transactions:
Date Number of Shares Purchased Price Per Share - --------------------------------------------------------------------------------------- 5-17-01 100 $12.96 5-17-01 200 $12.99 5-18-01 100 $12.99 5-21-01 100 $13.00 5-21-01 100 $13.06 5-22-01 100 $13.02 5-25-01 100 $12.94 5-25-01 400 $12.96 5-30-01 200 $13.10 5-30-01 300 $13.20
2. Asher Gottesman stock purchases, all in open market transactions:
Date Number of Shares Purchased Price Per Share - ------------------------------------------------------------------------------------- 5-17-01 700 $12.99 5-19-01 500 $12.90 5-20-01 1,000 $12.99 5-24-01 100 $12.69 5-24-01 500 $12.70 5-24-01 100 $12.75 5-24-01 100 $12.85 5-30-01 500 $13.20 5-31-01 200 $13.16
3. Len Fisch and Igor Korbatov joint stock purchases, all in open market transactions:
Date Number of Shares Purchased Price Per Share - ----------------------------------------------------------------------------------- 5-17-01 500 $12.95 5-17-01 100 $12.98 5-17-01 1,900 $12.99 5-17-01 300 $13.00 5-18-01 2,000 $12.90 5-21-01 1,000 $12.99 5-21-01 1,300 $13.00 5-22-01 500 $12.98 5-22-01 500 $13.00 5-22-01 1,000 $13.04 5-23-01 1,000 $12.80 5-24-01 600 $12.69 5-24-01 1,000 $12.80 5-30-01 500 $13.24
(d) Not applicable. (e) Not applicable. 8 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit A, Joint Filing Agreement among the Reporting Persons. 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. Date: May 31, 2001 /s/ Lyle Weisman - ------------------------ Lyle Weisman Date: May 31, 2001 /s/ Asher Gottesman - ------------------------ Asher Gottesman Date: May 31, 2001 /s/ Len Fisch - ------------------------ Len Fisch Date: May 31, 2001 /s/ Igor Korbatov - ------------------------ Igor Korbatov 9 EXHIBIT A Joint Filing Agreement Each of the undersigned hereby agrees to file jointly the statement on Schedule 13D to which this Agreement is attached, and any amendments thereto which may be deemed necessary, pursuant to Regulation 12d (2) (f) promulgated under the Securities Exchange Act of 1934, as amended. It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of information concerning such party contained therein, but such party is not responsible for the completeness and accuracy of information concerning any other party unless such party knows or has reason to believe that such information is inaccurate. It is understood and agreed that a copy of this Agreement shall be attached as an exhibit to the statements on Schedule 13D, and any amendments thereto, filed on behalf of the parties hereto. Date: May 11, 2001 /s/ Lyle Weisman --------------------------- Lyle Weisman /s/ Asher Gottesman --------------------------- Asher Gottesman /s/ Len Fisch --------------------------- Len Fisch /s/ Igor Korbatov --------------------------- Igor Korbatov -----END PRIVACY-ENHANCED MESSAGE-----