-----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, JAtSvKBBh6+ks2nTrQhm5ETgWBO4A+zHiAdKQHhniSK1Nlni7JYwOnzUFNxRTfGI igA57domAuMULmkn5tyfbw== 0001012975-99-000204.txt : 19991221 0001012975-99-000204.hdr.sgml : 19991221 ACCESSION NUMBER: 0001012975-99-000204 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991220 GROUP MEMBERS: TIFFANY WIEDERHORN GROUP MEMBERS: TTMM, L.P. GROUP MEMBERS: WIEDERHORN ANDREW SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WILSHIRE REAL ESTATE INVESTMENT TRUST INC CENTRAL INDEX KEY: 0001048566 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 911851535 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-54067 FILM NUMBER: 99777375 BUSINESS ADDRESS: STREET 1: 1301 S W 17TH STREET CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5032235600 MAIL ADDRESS: STREET 1: 1301 S W 17TH STREET CITY: PORTLAND STATE: OR ZIP: 97201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WIEDERHORN ANDREW CENTRAL INDEX KEY: 0001033016 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O WILSHIRE FINANCIAL SERVICES GROUP STREET 2: 1776 SW MADISON STREET CITY: PORTLAND STATE: OR ZIP: 97205 BUSINESS PHONE: 5032235600 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) WILSHIRE REAL ESTATE INVESTMENT TRUST INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.0001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 971892104 - -------------------------------------------------------------------------------- (CUSIP Number) Andrew A. Wiederhorn c/o Wilshire Financial Services Group Inc. 1776 SW Madison Street Portland, Oregon 97205 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 12/1/99 - -------------------------------------------------------------------------------- (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 this statement |_|. (A fee is not required only if the filing 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.) SCHEDULE 13D CUSIP No. 971892104 Page 2 of 6 Pages - ----------------------- ----------------------- NAME OF REPORTING PERSONS Andrew A. Wiederhorn 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Intentionally omitted) - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| 2 (b) |_| - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS N/A 4 - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(D) OR 2(E) |_| - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION United States 6 - -------------------------------------------------------------------------------- SOLE VOTING POWER 50,000 7 NUMBER OF ------------------------------------------------------ SHARES 8 SHARED VOTING POWER 716,633 BENEFICIALLY OWNED BY ------------------------------------------------------ EACH SOLE DISPOSITIVE POWER 50,000 REPORTING 9 PERSON WITH ------------------------------------------------------ SHARED DISPOSITIVE POWER 716,633 10 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 11 766,633 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.7% 13 - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON IN 14 - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 971892104 Page 3 of 6 Pages - ----------------------- ----------------------- NAME OF REPORTING PERSONS Tiffany Wiederhorn 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Intentionally omitted) - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| 2 (b) |_| - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS PF 4 - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(D) OR 2(E) |_| - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION United States 6 - -------------------------------------------------------------------------------- SOLE VOTING POWER 603,001 7 NUMBER OF ------------------------------------------------------ SHARES 8 SHARED VOTING POWER 766,633 BENEFICIALLY OWNED BY ------------------------------------------------------ EACH SOLE DISPOSITIVE POWER 603,001 REPORTING 9 PERSON WITH ------------------------------------------------------ SHARED DISPOSITIVE POWER 766,633 10 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 11 766,633 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.7% 13 - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON IN 14 - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 971892104 Page 4 of 6 Pages - ----------------------- ----------------------- NAME OF REPORTING PERSONS TTMM, L.P. 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Intentionally omitted) - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| 2 (b) |_| - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS WC 4 - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(D) OR 2(E) |_| - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION Delaware 6 - -------------------------------------------------------------------------------- SOLE VOTING POWER 100,000 7 NUMBER OF ------------------------------------------------------ SHARES 8 SHARED VOTING POWER 0 BENEFICIALLY OWNED BY ------------------------------------------------------ EACH SOLE DISPOSITIVE POWER 100,000 REPORTING 9 PERSON WITH ------------------------------------------------------ SHARED DISPOSITIVE POWER 0 10 - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 11 100,00 - -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [ ] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% 13 - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON PN 14 - -------------------------------------------------------------------------------- Items 3 and 5 of the Schedule 13D, dated March 16, 1999, as amended, relating to the Common Stock, par value $0.0001 of Wilshire Real Estate Investment Inc., a Maryland corporation, are hereby amended in their entirety as set forth below. Terms not defined herein shall have the meaning ascribed thereto in the Schedule 13D. Item 3. Source and Amount of Funds or other consideration The source and amount of funds (including commissions) used by each of the Reporting Persons to acquire shares of Common Stock reported in Item 5 below was as follows: Name Amount Source of Funds Andrew A. Wiederhorn $109,375.00 personal funds Tiffany Wiederhorn $2,063,876.05 personal funds TTMM, LP $375,000.00 working capital Item 5. Interest in Securities of the Issuer Set forth below is certain information concerning all transactions in the Common Stock in which Reporting Persons engaged during the past 60 days. All of such transactions were effected on Nasdaq. Name Transaction Date Number of Shares Price Per Share Andrew Wiederhorn 12/1/99 50,000 2 3/16 Tiffany Wiederhorn 9/30/99 1,000 3 The ownership by the Reporting Persons of shares of Common Stock and the percentage of the outstanding shares of Common Stock represented thereby is as follows: Name Number of Shares Percentage Andrew Wiederhorn 766,633(1) 6.7% Tiffany Wiederhorn 766,633(2) 6.7% TTMM, L.P. 100,000 0.8% - --------- (1) Includes 716,633 shares of Common Stock owned by the other Reporting Persons. Andrew Wiederhorn shares voting and dispositive power with respect to the shares of Common Stock owned by the other Reporting Persons and may be deemed to be the beneficial owner of all such shares. Andrew Wiederhorn disclaims beneficial ownership of any of the shares of Common Stock owned by the other Reporting Persons. Also includes 13,632 shares of Common Stock owned by Andrew and Tiffany Wiederhorn's minor children. Andrew Wiederhorn shares voting and dispositive power with respect to such shares of Common Stock and may be deemed to be the beneficial owner of such shares. Andrew Wiederhorn disclaims beneficial ownership of such shares of Common Stock. (2) Includes 163,632 shares of Common Stock owned by the other Reporting Persons. Tiffany Wiederhorn shares voting and dispositive power with respect to the shares of Common Stock owned by the other Reporting Persons and may be deemed to be the beneficial owner of such shares. Tiffany Wiederhorn disclaims beneficial ownership of such shares of Common Stock. Also Includes 13,632 shares of Common Stock owned by Andrew and Tiffany Wiederhorn's minor children. Tiffany Wiederhorn shares voting and dispositive power with respect to such shares of Common Stock and may be deemed to be the beneficial owner of such shares. Tiffany Wiederhorn disclaims beneficial ownership of such shares of Common Stock. Signatures After reasonable inquiry and to the best of knowledge and belief of each person or entity set forth below, each such person or entity certifies that the information set forth in this Statement is true, complete and correct. December 20, 1999 /s/ Andrew A. Wiederhorn ---------------------------------------- Andrew Wiederhorn December 20, 1999 * ---------------------------------------- Tiffany Wiederhorn December 20, 1999 TTMM, LP By: IVY CAPITAL PARTNERS, L.P., its general partner By: WIEDERHORN FAMILY LIMITED PARTNERSHIP, its general partner By: * ------------------------------------ Tiffany Wiederhorn, its general partner * By: /s/ Andrew A. Wiederhorn ----------------------------- Andrew A. Wiederhorn Attorney-in-fact -----END PRIVACY-ENHANCED MESSAGE-----