0001125282-05-000990.txt : 20120629 0001125282-05-000990.hdr.sgml : 20120629 20050228172054 ACCESSION NUMBER: 0001125282-05-000990 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050228 DATE AS OF CHANGE: 20050228 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRESIDENTIAL REALTY CORP/DE/ CENTRAL INDEX KEY: 0000731245 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 131954619 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34516 FILM NUMBER: 05646756 BUSINESS ADDRESS: STREET 1: 180 S BROADWAY CITY: WHITE PLAINS STATE: NY ZIP: 10605 BUSINESS PHONE: 9149481300 MAIL ADDRESS: STREET 1: 180 SOUTH BROADWAY CITY: WHITE PLAINS STATE: NY ZIP: 10605 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WILSHIRE OIL CO OF TEXAS CENTRAL INDEX KEY: 0000107454 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 840513668 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 921 BERGEN AVE CITY: JERSEY CITY STATE: NJ ZIP: 07306-4204 BUSINESS PHONE: 2014202796 MAIL ADDRESS: STREET 1: 921 BERGEN AVENUE CITY: JERSEY CITY STATE: NJ ZIP: 07306 SC 13D/A 1 b405046_sc13da.txt SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* PRESIDENTIAL REALTY CORPORATION -------------------------------------------------------------------------------- (Name of Issuer) CLASS B COMMON STOCK -------------------------------------------------------------------------------- (Title of Class of Securities) 741004204 -------------------------------------------------------------------------------- (CUSIP Number) S. WILZIG IZAK WILSHIRE ENTERPRISES, INC. 921 BERGEN AVENUE, 11TH FLOOR, JERSEY CITY, NEW JERSEY 07306 201-420-2800 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) FEBRUARY 22, 2005 -------------------------------------------------------------------------------- (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 Rule 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 the disclosures provided in a prior cover page. The information required in 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.) CUSIP NO. 741004204 ------------ ------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WILSHIRE ENTERPRISES, INC. I.R.S. NO. 84-0513668 ------------ ------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| NOT APPLICABLE ------------ ------------------------------------------------------------------- (3) SEC USE ONLY ------------ ------------------------------------------------------------------- (4) SOURCE OF FUNDS WC ------------ ------------------------------------------------------------------- (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| NOT APPLICABLE ------------ ------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ----------------------------- -------- ----------------------------------------- (7) SOLE VOTING POWER NUMBER OF 226,800 -------- ----------------------------------------- SHARES (8) SHARED VOTING POWER -0- BENEFICIALLY -------- ----------------------------------------- (9) SOLE DISPOSITIVE POWER OWNED BY 226,800 -------- ----------------------------------------- EACH REPORTING (10) SHARED DISPOSITIVE POWER -0- PERSON WITH ------------ ------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 226,800 ------------ ------------------------------------------------------------------- (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| NOT APPLICABLE ------------ ------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.8% ------------ ------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON CO ------------ ------------------------------------------------------------------- -2- ITEM 5. INTEREST IN SECURITIES OF THE ISSUER According to a Form 10-QSB filed by Presidential Realty Corporation (the "Issuer") with the SEC, as of September 30, 2004, there were 3,330,552 shares of Class B Common Stock of the Issuer issued and outstanding. On February 22, 2005, Wilshire Enterprises, Inc. ("Wilshire") sold 27,100 shares of the Issuer's Class B Common Stock at a price of $10.1592 per share. On February 24, 2005, Wilshire sold 10,000 shares of the Issuer's Class B Common Stock at a price of $10.05 per share. Both of these sales were open market sales. After such sales, Wilshire beneficially owned 226,800 shares of the Issuer's Class B Common Stock, or 6.8% of the outstanding shares. Wilshire has sole power to vote, or to direct the vote, and sole power to dispose, or to direct the disposition, as to all 226,800 shares of Class B Common Stock beneficially owned by it. Other than as described in the preceding paragraph, Wilshire did not effect any transactions in the Issuer's Class B Common Stock during the last 60 days. To the best of Wilshire's knowledge, no executive officer or director of Wilshire beneficially owns any shares of the Issuer's Class B Common Stock, nor have any transactions in the Issuer's Class B Common Stock been effected during the past 60 days by any executive officer or director of Wilshire. In addition, no person is known to Wilshire to have the right to receive or the power to direct the receipt of distributions from, or proceeds from the sale of, the shares of Class B Common Stock beneficially owned by Wilshire. -3- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 28, 2005 ------------------------------------- (Date) WILSHIRE ENTERPRISES, INC. By: /s/ Seth Ugelow ------------------------------------- Name: Seth Ugelow Title: Chief Financial Officer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -4-