SC 13D/A 1 0001.txt AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* AMREP Corporation ------------------------------ (Name of Issuer) Common Stock ------------------------------ (Title of Class of Securities) 032159105 ------------------------------ (CUSIP Number) David P. Maniatis With a copy to: 7720 East Redfield Road Morris Orens, Esq. Suite 8 Swidler Berlin Shereff Friedman, LLP Scottsdale, Arizona 85260 405 Lexington Avenue (480) 991-2288 New York, New York 10174 (212) 973-0111 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 30, 2000 --------------------------- (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 statement because of Rule 13d-1(e), (f) or (g), check the following: [ ]. Note: An EDGAR version of this statement, including all exhibits, should be filed with the Commission. 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 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. 032159105 Page 2 of Pages ----- ----- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Recorp Partners, Inc. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 15,000 BENEFICIALLY ------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING ------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 15,000 ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.24%** -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- * SEE INSTRUCTIONS ** SEE ITEMS 4 AND 5 SCHEDULE 13D -------------------------------------------------------------------------------- CUSIP No. 032159105 Page 3 of Pages ----- ----- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Greenplex Investments, L.L.C. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Arizona -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 272,626 BENEFICIALLY ------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING ------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 272,626 ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 272,626 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.24** -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- * SEE INSTRUCTIONS ** SEE ITEMS 4 AND 5 SCHEDULE 13D -------------------------------------------------------------------------------- CUSIP No. 032159105 Page 4 of Pages ----- ----- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Rio Verde 120, LLC -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Arizona -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 31,000 BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 31,000 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.24%** -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- * SEE INSTRUCTIONS ** SEE ITEMS 4 AND 5 SCHEDULE 13D -------------------------------------------------------------------------------- CUSIP No. 032159105 Page 5 of Pages ----- ----- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Steven S. Robson -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (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) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 61,000 BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 61,000 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 61,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.24%** -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- * SEE INSTRUCTIONS ** SEE ITEMS 4 AND 5 SCHEDULE 13D ITEM 1. SECURITY AND ISSUER. This Amendment No. 1 relates to the Schedule 13D (the "Statement") filed on May 18, 2000 by Recorp Partners, Inc., a Delaware corporation ("Recorp Partners"), Greenplex Investments, L.L.C., an Arizona limited liability company ("Greenplex"), Rio Verde 120, LLC, an Arizona limited liability company ("Rio Verde") and Steven S. Robson ("Mr. Robson" and collectively, the "Reporting Persons") with respect to the common stock, par value $.10 per share (the "Common Stock"), of AMREP Corporation, an Oklahoma corporation (the "Company" or the "Issuer"), which has its principal executive office at 641 Lexington Avenue, Sixth Floor, New York, New York 10022. Unless otherwise specified, all capitalized terms herein have the meanings assigned to them in the Schedule. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is hereby amended in its entirety as follows: The shares of Common Stock described in this Statement were acquired by the Reporting Persons for approximately $2,546,819, of which: (i) approximately $1,607,570 was obtained from the working capital and personal funds of the Reporting Persons, (ii) approximately $232,273 was obtained through loans from Charles Schwab & Co., Inc. ("Schwab"), (iii) approximately $182,098 was obtained through loans from A.G. Edwards & Sons, Inc. ("A.G. Edwards") and (iv) $524,878 was obtained through a loan from a commercial bank. The loans from Schwab and A.G. Edwards conform with the Securities Exchange Act of 1934 and Regulation T of the Board of Governors of the Federal Reserve System. ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby supplemented as follows: By letter dated May 30, 2000, Mr. Maniatis and Mr. Robson made a new offer to acquire the Company for $9.00 per share in a cash merger. A copy of the offer is attached hereto as Exhibit 5. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and supplemented as follows: (a) Mr. Robson is the beneficial owner of 61,000 shares of Common Stock (representing 0.84% of the outstanding shares of Common Stock). Greenplex is the beneficial owner of 272,626 shares of Common Stock (representing 3.77% of the outstanding shares of Common Stock). Such shares may be deemed to be indirectly Page 6 owned by the Trust, in its capacity as the owner of a 99.98% interest in Greenplex, and by Mr. Maniatis as the sole beneficiary of the Trust. Rio Verde is the beneficial owner of 31,000 shares of Common Stock (representing 0.43% of the outstanding shares of Common Stock). Such shares may be deemed to be indirectly owned by First Trust Company of Onaga, N.A., as custodian for the IRA account of Eugenia L. Hoof (deceased), in its capacity as owner of an 83.6% interest in Rio Verde on behalf of Mr. Maniatis as the principal beneficiary. Recorp Partners is the beneficial owner of 15,000 shares of Common Stock (representing 0.21% of the outstanding shares of Common Stock). Such shares may be deemed to be indirectly owned by Mr. Maniatis as the sole shareholder of Recorp Partners. (c) Schedule A, attached hereto, lists the transactions in shares of Common Stock effected by the Reporting Persons during the past sixty (60) days. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Item 7 is hereby supplemented as follows: Exhibit 5: Letter dated May 30, 2000, to the board of directors of the Company Page 7 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. Greenplex Investments, L.L.C. By: /s/ David P. Maniatis --------------------------- Date: May 31, 2000 Name: David P. Maniatis Title: Manager Page 8 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. Rio Verde 120, LLC By: Recorp Management, Inc., Manager By: /s/ David P. Maniatis ----------------------------------- Date: May 31, 2000 Name: David P. Maniatis Title: Secretary Page 9 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. /s/ Steven S. Robson ---------------------------------- Date: May 31, 2000 Steven S. Robson Page 10 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. Recorp Partners, Inc. By: /s/ David P. Maniatis -------------------------------- Date: May 31, 2000 Name: David P. Maniatis Title: President Page 11 SCHEDULE A
PARTY EFFECTING NUMBER OF SHARES TRANSACTION (*) DATE OF TRANSACTION PURCHASED/(SOLD) PRICE PER SHARE ------------------------------ ---------------------------- --------------------------- ---------------------------- SSR 03/14/00 1,500 4.9375 SSR 03/14/00 3,500 5.0000 GPX 03/28/00 2,000 5.4375 GPX 03/29/00 6,000 5.7500 GPX 03/29/00 2,000 5.6875 GPX 03/29/00 10,000 5.8125 GPX 04/26/00 2,000 4.8750 GPX 04/26/00 2,000 5.0000 SSR 04/26/00 10,000 5.0625 SSR 04/28/00 15,000 5.0000 GPX 04/28/00 10,000 5.0000 GPX 05/01/00 1,000 5.0625 GPX 05/02/00 2,000 6.1250 GPX 05/03/00 2,000 6.1250 GPX 05/04/00 2,000 6.1250 GPX 05/05/00 4,000 6.2500 SSR 05/05/00 1,000 6.1875 SSR 05/08/00 200 6.1875 GPX 05/08/00 400 6.3125 GPX 05/08/00 900 6.3750 GPX 05/08/00 1,900 6.3750 GPX 05/09/00 2,000 6.4375 SSR 05/09/00 3,800 6.3125 GPX 05/10/00 1,000 6.3125 GPX 05/11/00 2,000 6.4375 GPX 05/12/00 5,000 6.5000 GPX 05/12/00 1,000 6.6250 GPX 05/12/00 3,000 6.5625 GPX 05/17/00 1,500 6.4375 GPX 05/18/00 800 6.3750 GPX 05/18/00 1,000 6.5000 GPX 05/19/00 12,000 6.5625 GPX 05/30/00 1,200 6.3750
* GPX - Greenplex Investments, L.L.C. SSR - Steven S. Robson Page 12