-----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, RVk7xU+q9w4h8AfW+Q7P54Bl+oMAKXQ69V5xyWvkznTBCJwyR+0+uMUsjnWR50Tj z3qVnAUXKQ5Sc7bYId4ezg== 0000069422-97-000019.txt : 19971216 0000069422-97-000019.hdr.sgml : 19971216 ACCESSION NUMBER: 0000069422-97-000019 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971215 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SANTA FE FINANCIAL CORP CENTRAL INDEX KEY: 0000086759 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] IRS NUMBER: 952452529 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-34252 FILM NUMBER: 97737851 BUSINESS ADDRESS: STREET 1: P O BOX 80037 CITY: SAN DIEGO STATE: CA ZIP: 92138-0037 BUSINESS PHONE: 6192987201 MAIL ADDRESS: STREET 1: PO BOX 80037 CITY: SAN DIEGO STATE: CA ZIP: 92138-0037 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTERGROUP CORP CENTRAL INDEX KEY: 0000069422 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 133293645 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2121 AVE OF THE STARS STREET 2: STE 2020 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3105561999 MAIL ADDRESS: STREET 1: 2121 AVE OF THE STARS SUITE 2020 CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: MUTUAL REAL ESTATE INVESTMENT TRUST DATE OF NAME CHANGE: 19860408 SC 13D/A 1 INTG SCHEDULE 13D AMENDMENT 12 SFEF SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 12) SANTA FE FINANCIAL CORPORATION Name of Issuer Common Stock, Par Value $0.10 Per Share Title of Class of Securities 802014-10-0 CUSIP Number John V. Winfield President and Chairman of the Board The InterGroup Corporation 2121 Avenue of the Stars, Suite 2020 Los Angeles, California 90067 (310) 556-1999 -------------------------------------------- Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications December 4, 1997 ---------------- 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. [ ] 2 CUSIP No. 802014-10-0 - ------------------------------------------------------------------------------ 1. Name of Reporting Person Tax Identification Number The InterGroup Corporation 13-3293645 - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 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) [ ] - ------------------------------------------------------------------------------ 6. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ Number of 7. Sole Voting Power Shares 274,800 Beneficially ------------------------------------ Owned by 8. Shared Voting Power Each Reporting ------------------------------------ Person 9. Sole Dispositive Power With 274,800 ------------------------------------ 10. Shared Dispositive Power - ------------------------------------------------------------------------------ 11. Aggregate Amount Beneficially Owned by Each Reporting Person 274,800 Shares - ------------------------------------------------------------------------------ 12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ 13. Percent of Class Represented by Amount in Row 11 41.0% - ------------------------------------------------------------------------------ 14. Type of Reporting Person CO - ------------------------------------------------------------------------------ 3 CUSIP No. 802014-10-0 - ------------------------------------------------------------------------------ 1. Name of Reporting Person Tax Identification Number John V. Winfield - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Source of Funds PF - ------------------------------------------------------------------------------ 5. Check if Disclosure of Legal Proceedings is Required pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ 6. Citizenship or Place of Organization U.S. - ------------------------------------------------------------------------------ Number of 7. Sole Voting Power Shares 24,700 Beneficially ------------------------------------ Owned by 8. Shared Voting Power Each 274,800 Reporting ------------------------------------ Person 9. Sole Dispositive Power With 24,700 ------------------------------------ 10. Shared Dispositive Power 274,800 - ------------------------------------------------------------------------------ 11. Aggregate Amount Beneficially Owned by Each Reporting Person 299,500 Shares - ------------------------------------------------------------------------------ 12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ 13. Percent of Class Represented by Amount in Row 11 44.7% - ------------------------------------------------------------------------------ 14. Type of Reporting Person IN - ------------------------------------------------------------------------------ 4 AMENDMENT NO. 12 TO SCHEDULE 13D OF THE INTERGROUP CORPORATION AND JOHN V. WINFIELD REGARDING OWNERSHIP OF COMMON STOCK OF SANTA FE FINANCIAL CORPORATION This Amendment No. 12 to Schedule 13D is being filed by The InterGroup Corporation ("InterGroup") and John V. Winfield to update information previously furnished. This Amendment reflects the approval by the Boards of Directors of InterGroup and Santa Fe Financial Corporation ("Santa Fe"), on December 4, 1997, of the acquisition by Santa Fe of a 55.4% equity interest in InterGroup Woodland Village, Inc. ("Woodland") from InterGroup in exchange for 31,800 shares of newly created convertible voting preferred stock (the "Preferred Stock") of Santa Fe (the "Transaction"). The Preferred Stock will have a 6.0% coupon rate with a $27.00 par value. Each share of Preferred Stock will be convertible into one share of restricted $.10 par value common stock (the "Common Stock") of Santa Fe at an exercise price of $27.00, with an eight year conversion exercise period. The Preferred Stock will have voting rights as if converted into shares of Common Stock. The Transaction is expected to close on December 31, 1997 and is subject to approval of the assumption of the loan on certain property owned by Woodland. The following items of this Schedule 13D are amended. Item 1. Security and Issuer. ------------------- This Amendment to Schedule 13D relates to the newly created Preferred Stock of Santa Fe, each share of which is convertible into one share of Common Stock and has voting rights as if converted into Common Stock. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- Woodland is a 100%-owned subsidiary of InterGroup and its primary asset is a 100-unit apartment complex located in Cincinnati, Ohio. InterGroup will transfer to Santa Fe a 55.4% equity interest in Woodland in exchange for the 31,800 shares of Preferred Stock. The Transaction has been valued at $858,600. Item 4. Purposes of Transaction. ----------------------- If the Transaction is consummated, InterGroup will acquire the restricted shares of Preferred Stock for investment purposes. InterGroup and John V. Winfield may, from time to time, purchase additional shares of Common Stock in the open market or in private transactions. Except as set forth above, InterGroup and John V. Winfield have no other plans or intentions that relate to or would result in the events set forth in Item 4 of the instructions to Schedule 13D. 5 Item 5. Interest in the Securities of the Issuer ---------------------------------------- (a) InterGroup, as of December 4, 1997, may be deemed to beneficially own, for purposes of this Section 13(d) of the Exchange Act: (i) 243,000 shares of the Common Stock and (ii) 31,800 shares of Preferred Stock. Those shares represent 41.0% of the outstanding Common Stock of Santa Fe assuming the conversion of the Preferred Stock into shares of Common Stock. John V. Winfield owns 24,700 shares of the Common Stock of Santa Fe. Mr. Winfield is the Chairman, President and Chief Executive Officer of InterGroup and is the controlling shareholder of InterGroup. Mr Winfield has investment and voting control of the securities held by InterGroup. To the extent that Mr. Winfield is deemed to beneficially own, for purposes of Section 13(d), the Common Stock and Preferred Stock of InterGroup, he would beneficially own 44.7% of the Common Stock. The above percentages were determined based on Santa Fe's representations that it had 638,018 shares of Common Stock issued and outstanding prior to the issuance of the 31,800 shares of Preferred Stock and assuming the conversion of the Preferred Stock into Common Stock. (b) As the Chairman, President, Chief Executive Officer and controlling shareholder of InterGroup, John V. Winfield shares the voting power and disposition power with respect to the Common Stock and Preferred Stock owned by InterGroup. John V. Winfield has sole voting power and disposition power with respect to the Common Stock owned by him. (c) Information with respect to transactions effected by InterGroup in the Common Stock within the sixty (60) days prior to December 4, 1997 is set forth below: Number of Price per Date Shares Share Nature ---- --------- --------- ------ 10/16/97 1,000 $24.375 Open Market Purchase 11/05/97 3,000 $24.375 Open Market Purchase (d) No person other than InterGroup, with respect to its shares, or Mr. Winfield, with respect to his shares, has the right to receive or the power to direct the receipt of dividends from, and the proceeds from the sale of, the shares beneficially owned by each. (e) Inapplicable. 6 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. Dated: December 12, 1997 THE INTERGROUP CORPORATION ----------------- By: /s/ John V. Winfield ------------------------------- John V. Winfield, Chairman, President and Chief Executive Officer By: /s/ John V. Winfield ------------------------ John V. Winfield -----END PRIVACY-ENHANCED MESSAGE-----