0000912057-01-537983.txt : 20011128 0000912057-01-537983.hdr.sgml : 20011128 ACCESSION NUMBER: 0000912057-01-537983 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011107 GROUP MEMBERS: CLIFTON RUSSO GROUP MEMBERS: LAWRENCE RUSSO GROUP MEMBERS: LENA RUSSO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMREP CORP CENTRAL INDEX KEY: 0000006207 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 590936128 STATE OF INCORPORATION: OK FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-12681 FILM NUMBER: 1776847 BUSINESS ADDRESS: STREET 1: 641 LEXINGTON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127054700 MAIL ADDRESS: STREET 1: 641 LEXINGTON AVE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN REALTY & PETROLEUM CORP DATE OF NAME CHANGE: 19671019 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RUSSO ALBERT CENTRAL INDEX KEY: 0000947227 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: AMERICAN SIMLEX CO STREET 2: 401 BROADWAY SUITE 1712 CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2024166845 MAIL ADDRESS: STREET 1: 401 BROADWAY SUITE 1712 CITY: NEW YORK STATE: NY ZIP: 10013 SC 13D 1 a2062686zsc13d.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) AMREP CORPORATION ---------------------------------------------- (Name of Issuer) Common Stock ----------------------------- (Title of Class of Securities) 03215910 -------------- (CUSIP Number) Albert Russo c/o American Simlex Company 401 Broadway, Suite 1712, New York, NY 10013 212-966-0775 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 23, 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 which 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 / /. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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). -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 03215910 -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). Albert Russo -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A (a) /X/ MEMBER OF A GROUP* (b) / / -------------------------------------------------------------------------------- (3) SEC USE ONLY -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* PF -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL / / PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not applicable. -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION USA -------------------------------------------------------------------------------- NUMBER OF SHARES (7) SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON -------------------------------------- WITH (8) SHARED VOTING POWER 1,257,220 -------------------------------------- (9) SOLE DISPOSITIVE POWER 672,741 -------------------------------------- (10) SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 2 (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,257,220 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN / / ROW (11) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.1% -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 3 SCHEDULE 13D CUSIP No. 03215910 -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). Lena Russo -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A (a) /X/ MEMBER OF A GROUP* (b) / / -------------------------------------------------------------------------------- (3) SEC USE ONLY -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* Not applicable -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL / / PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not applicable. -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION USA -------------------------------------------------------------------------------- NUMBER OF SHARES (7) SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON -------------------------------------- WITH (8) SHARED VOTING POWER 1,257,220 -------------------------------------- (9) SOLE DISPOSITIVE POWER 58,740 -------------------------------------- (10) SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 4 (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,257,220 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN / / ROW (11) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.1% -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 5 SCHEDULE 13D CUSIP No. 03215910 -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). Clifton Russo -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A (a) /X/ MEMBER OF A GROUP* (b) / / -------------------------------------------------------------------------------- (3) SEC USE ONLY -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* Not applicable -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL / / PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not applicable. -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION USA -------------------------------------------------------------------------------- NUMBER OF SHARES (7) SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON -------------------------------------- WITH (8) SHARED VOTING POWER 1,257,220 -------------------------------------- (9) SOLE DISPOSITIVE POWER 270,617 -------------------------------------- (10) SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 6 (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,257,220 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN / / ROW (11) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.1% -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 7 SCHEDULE 13D CUSIP No. 03215910 -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY). Lawrence Russo -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A (a) /X/ MEMBER OF A GROUP* (b) / / -------------------------------------------------------------------------------- (3) SEC USE ONLY -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* Not applicable -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL / / PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not applicable. -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION USA -------------------------------------------------------------------------------- NUMBER OF SHARES (7) SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON -------------------------------------- WITH (8) SHARED VOTING POWER 1,257,220 -------------------------------------- (9) SOLE DISPOSITIVE POWER 255,122 -------------------------------------- (10) SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 8 (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,257,220 -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN / / ROW (11) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.1% -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! 9 CUSIP NO. 03215910 Items 3 and 5 of the Schedule 13D, dated June 26, 1995 (the "Schedule 13D"), as amended by Amendment No. 1 thereto dated May 31, 1996 filed by Albert Russo, Lena Russo, Clifton Russo and Lawrence Russo (collectively, the "Reporting Persons") with respect to the common stock, par value $0.10 per share (the "Common Stock"), of AMREP Corporation ("Amrep") is hereby amended by adding thereto the information set forth below in this Amendment No. 2 to Schedule 13D ("Amendment No. 2"). Capitalized terms used herein and not elsewhere defined shall have the respective meanings provided in the Schedule 13D. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby supplemented by the addition of the following: Albert Russo purchased 146,000 outstanding shares of the Common Stock on October 23, 2001 and purchased 44,000 outstanding shares of the Common Stock on November 5, 2001 in privately negotiated transactions. The aggregate consideration of $1,260,500 was paid from Mr. Russo's personal funds. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5(a)(b) and (c) is hereby supplemented by the addition of the following: (a), (b) The aggregate percentage of shares of the Common Stock reported owned by each Reporting Person in this Amendment No. 2 is based upon 6,576,086 shares deemed outstanding, which number is the sum of 6,573,586 shares outstanding at September 14, 2001, as reported in Amrep's Form 10-Q for the fiscal quarterly period ended July 31, 2001, as filed with the Securities and Exchange Commission and 2,500 shares issuable by Amrep to Albert Russo under presently exercisable options. Each Reporting Person has sole dispositive and, subject to the decision of the Reporting Persons to act as a group as reported in the Schedule 13D, voting power with respect to all of the shares of Common Stock reported as being beneficially owned by him or her. The shares of Common Stock beneficially owned by Albert Russo, however, include 49,000 shares that 10 he holds under the Uniform Gift to Minors Act for his minor children. As of the date hereof: (i) Albert Russo owns 672,741 shares of the Common Stock (including 2,500 shares issuable by Amrep under presently exercisable options), constituting approximately 10.2% of the shares outstanding. (ii) Lena Russo owns 58,740 shares of the Common Stock, constituting approximately 0.9% of the shares outstanding. (iii) Clifton Russo owns 270,617 shares of the Common Stock, constituting approximately 4.1% of the shares outstanding. (iv) Lawrence Russo owns 255,122 shares of the Common Stock, constituting approximately 3.9% of the shares outstanding. (c) On October 5, 2001 Amrep issued to Albert Russo an option under Amrep's Stock Option Plan for Outside Directors to purchase 500 shares of the Common Stock at a price of $3.95 per share. This option will first become exercisable on October 5, 2002. On October 23, 2001 Albert Russo purchased 146,000 shares of the Common Stock from a third party in a privately negotiated transaction at a purchase price of $6.75 per share. On October 31, 2001, Albert Russo reached an agreement to purchase and, pursuant to such agreement, on November 5, 2001 purchased 44,000 shares of the Common Stock from a third party in a privately negotiated transaction at a purchase price of $6.25 per share. 11 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. Dated: November 6, 2001 /s/ Albert Russo ----------------- Albert Russo, individually and as attorney-in-fact for each of Lena Russo, Clifton Russo and Lawrence Russo under Powers of Attorney dated May 31, 1996 and filed with the Securities and Exchange Commission as an Exhibit to Amendment No. 1 to the Schedule 13D.