-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, VPbFp0uPRfLG43nnNBJi2utDXV3pIgyyUz7T3iUAxR+Vi8iYrm7BJ+kGmJV+WjcS z9mJhuqLIwAHzT7vWvO5pQ== 0000950134-94-000777.txt : 19940711 0000950134-94-000777.hdr.sgml : 19940711 ACCESSION NUMBER: 0000950134-94-000777 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940708 GROUP MEMBERS: AMERICAN REALTY TRUST INC /GA GROUP MEMBERS: BASIC CAPITAL MANAGEMENT, INC. GROUP MEMBERS: CONTINENTAL MORTGAGE AND EQUITY TRUST GROUP MEMBERS: SYNTEK ASSET MANAGEMENT, L.P. GROUP MEMBERS: THE GENE E. PHILLIPS CHILDREN'S TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCONTINENTAL REALTY INVESTORS INC CENTRAL INDEX KEY: 0000733590 STANDARD INDUSTRIAL CLASSIFICATION: 6798 IRS NUMBER: 946565852 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40410 FILM NUMBER: 94538349 BUSINESS ADDRESS: STREET 1: 10670 N CENTRAL EXPRWY STE 300 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 2146924700 MAIL ADDRESS: STREET 1: 10670 N CENTRAL EXPRWY STREET 2: SUITE 300 CITY: DALLAS STATE: TX ZIP: 75231 FORMER COMPANY: FORMER CONFORMED NAME: JOHNSTOWN CONSOLIDATED REALTY TRUST /CA/ DATE OF NAME CHANGE: 19890815 FORMER COMPANY: FORMER CONFORMED NAME: JOHNSTOWN CONSOLIDATED REALTY TRUST DATE OF NAME CHANGE: 19861005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN REALTY TRUST INC /GA CENTRAL INDEX KEY: 0000827165 STANDARD INDUSTRIAL CLASSIFICATION: 6798 IRS NUMBER: 540697989 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 10670 N CENTRAL EXPRESSWAY STREET 2: STE 300 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 214-692-47 MAIL ADDRESS: STREET 1: 10670 N CENTRAL EXPRESSWAY STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75231 SC 13D/A 1 AMENDMENT NO. 18 TO SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 18)* TRANSCONTINENTAL REALTY INVESTORS, INC. (Name of Issuer) Common Stock $0.01 Par Value (Title of Class of Securities) 893-617-209 (CUSIP Number) Robert A. Waldman 10670 North Central Expressway, Suite 600 Dallas, Texas 75231 (214) 692-4758 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 30, 1994 (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 the statement / /. (A fee is required only if the reporting 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.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). 2 SCHEDULE 13D CUSIP NO. 893-617-209 PAGE 2 OF 18 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON American Realty Trust, Inc. 54-0697989 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Georgia - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 585,547 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 585,547 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 585,547 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 3 SCHEDULE 13D CUSIP NO. 893-617-209 PAGE 3 OF 18 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Basic Capital Management, Inc. 75-2261065 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Nevada - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 129,275 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 129,275 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 129,275 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 4 SCHEDULE 13D CUSIP NO. 893-617-209 PAGE 4 OF 18 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Syntek Asset Management, L.P. 75-2163161 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 17,650 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 17,650 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,650 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 5 SCHEDULE 13D CUSIP NO. 893-617-209 PAGE 5 OF 18 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Continental Mortgage and Equity Trust 94-2738844 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 53,000 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 53,000 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 53,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 6 SCHEDULE 13D CUSIP NO. 893-617-209 PAGE 6 OF 18 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Gene E. Phillips Children's Trust 13-6599769 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 31,000 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 31,000 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -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) 1.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 7 TRANSCONTINENTAL REALTY INVESTORS, INC. CUSIP NO. 893 617 209 Item 1. Security and Issuer Item 1 is hereby amended to read as follows: This statement relates to the Common Shares, $.01 par value (the "Shares"), of Transcontinental Realty Investors, Inc. ("TRI"), a Nevada corporation (the "Corporation"), and amends the amended statement on Schedule 13D filed on April 29, 1994. The principal executive offices of TRI are located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Item 2. Identity and Background Item 2 is hereby amended to read as follows: This statement is being filed on behalf of Basic Capital Management, Inc. ("BCM"), American Realty Trust, Inc. ("ART"), Continental Mortgage and Equity Trust ("CMET"), Syntek Asset Management, L.P. ("SAMLP") and the Gene E. Phillips Children's Trust (the "GEP Trust") (collectively the "Reporting Persons"). BCM, ART, CMET, SAMLP, and the GEP Trust may be deemed to constitute a "person" within the meaning of Section 13 (d) of the Securities Exchange Act of 1934, as amended, because Gene E. Phillips is a general partner of Syntek Asset Management, L.P., BCM is beneficially owned by a trust established for the benefit of Mr. Phillips' children, BCM serves as advisor to TRI and ART, and Mr. Phillips' son, Ryan T. Phillips, serves as a director of BCM and ART and is a beneficiary of the GEP Trust. (I) BCM is a corporation organized and existing under the laws of the State of Nevada. BCM's principal business activity is the provision of advisory services for real estate investment trusts. The principal place of business and principal office of BCM is 10670 North Central Expressway, Suite 600 Dallas, Texas 75231. BCM was known as National Realty Advisors, Inc. until it changed its name on October 1, 1992. BCM is owned by Realty Advisors, Inc., a Nevada corporation. Realty Advisors, Inc. is owned by a trust established for the benefit of the children of Gene E. Phillips. The directors and executive officers of BCM are as follows:
Name Position(s) with BCM - ---- -------------------- Oscar W. Cashwell President
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Name Position(s) with BCM - ---- -------------------- Hamilton P. Schrauff Executive Vice President and Chief Financial Officer Karl L. Blaha Executive Vice President and Director of Commercial Management Clifford C. Towns, Jr. Executive Vice President, Finance Thomas A. Holland Senior Vice President and Chief Accounting Officer Robert A. Waldman Vice President, Corporate Counsel and Secretary Drew D. Potera Vice President, Treasurer and Securities Manager Ryan T. Phillips Director M. Ned Phillips Director
Mr. Cashwell's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Cashwell's present principal occupation is the President of BCM. Mr. Cashwell is a citizen of the United States of America. Mr. Towns' business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Towns' present principal occupation is Executive Vice President of BCM. Mr. Towns is a citizen of the United States of America. Mr. Schrauff's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Schrauff's present principal occupation is Executive Vice President and Chief Financial Officer of BCM. Mr. Schrauff is a citizen of the United States of America. Mr. Blaha's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Blaha's present principal occupation is Executive Vice President - Director of Commercial Management of BCM. Mr. Blaha is a citizen of the United States of America. Mr. Holland's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Holland's present principal occupation is Senior Vice President and Chief Accounting Officer of BCM. Mr. Holland is a citizen of the United States of America. 8 9 Mr. Potera's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Potera's present principal occupation is Vice President, Treasurer and Securities Manager of BCM. Mr. Potera is a citizen of the United States of America. Mr. Waldman's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Waldman's present principal occupation is Vice President, Corporate Counsel and Secretary of BCM. Mr. Waldman is a citizen of the United States of America. M. Ned Phillips' business address is 264 Rolling Hills Circle, Gaffney, South Carolina 29340. M. Ned Phillips' present principal occupation is owner of Phillips Remodeling Co. M. Ned Phillips is a citizen of the United States of America. Ryan T. Phillips' business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Ryan T. Phillips' present principal occupation is an independent real estate investor. Ryan T. Phillips is a citizen of the United States of America. (II) CMET is a real estate investment trust organized and existing under the law of the State of California. CMET's principal business activity is investments in real estate. The principal place of business and principal office of CMET is located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. The following is a list of each executive officer and trustee of CMET:
Name Position(s) with CMET ---- --------------------- Oscar W. Cashwell President Hamilton P. Schrauff Executive Vice President and Chief Financial Officer Karl L. Blaha Executive Vice President and Director of Commercial Management Thomas A. Holland Senior Vice President and Chief Accounting Officer Robert A. Waldman Vice President, Secretary and Corporate Counsel Drew D. Potera Treasurer Geoffrey C. Etnire Trustee
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Name Position(s) with CMET ---- --------------------- A. Bob Jordan Trustee Dan Johnston Trustee Willie K. Davis Trustee Raymond V.J. Schrag Trustee Randall K. Gonzalez Trustee Bennett B. Sims Trustee Ted P. Stokley Trustee
Information with respect to Messrs. Cashwell, Potera, Schrauff, Blaha, Waldman and Holland is disclosed in (I) above. Mr. Entire's business address is 4900 Hopyard Road, Suite 260, Pleasanton, California 94588. Mr. Etnire's present principal occupation is an Attorney. Mr. Etnire is a citizen of the United States of America. Mr. Stokely's business address is 10670 North Central Expressway, Suite 640, Dallas, Texas 75231. Mr. Stokely's present principal occupation is Real Estate Consultant for Eldercare Housing Foundation. Mr. Stokely is a citizen of the United States of America. Mr. Johnston's business address is 645 Madison Avenue, Suite 2200, New York, New York 10022. Mr. Johnston's present principal occupation is an Attorney. Mr. Johnston is a citizen of the United States of America. Mr. Jordan's business address is 6051 North Brookline, Suite 119, Oklahoma City, Oklahoma 73112. Mr. Jordan's present principal occupation is an Attorney. Mr. Jordan is a citizen of the United States of America. Mr. Davis' business address is 333 Union Street, Suite 400, Nashville, Tennessee 37201. Mr. Davis' present principal occupation is Chairman of Mid-South Financial Corporation. Mr. Davis is a citizen of the United States of America. Mr. Schrag's business address is 36 West 44th Street, Suite 1407, New York, New York 10036. Mr. Schrag's present principal occupation is an Attorney in New York. Mr. Schrag is a citizen of the United States of America. 10 11 Mr. Gonzalez's business address is 4455 Alpha Road, Building 2, Dallas, Texas 75244. Mr. Gonzalez's present principal occupation is Vice President of TMC Realty Advisors, Inc. Mr. Gonzalez is a citizen of the United States of America. Mr. Sims' business address is 529 W. 42nd Street, #8N, New York, New York 10036. Mr. Sims' present principal occupation is Professor at New York University. Mr. Sims is a citizen of the United States of America. (III) The GEP Trust is a trust formed under the laws of Texas for the benefit of the children of Gene E. Phillips. The trustee of the GEP Trust is Mr. Phillips' brother, Donald W. Phillips. Gene E. Phillips' business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Gene E. Phillips' present principal occupation is Chief Executive Officer of Syntek West, Inc. Gene E. Phillips is a citizen of the United States of America. Donald W. Phillips' business address is 10670 North Central Expressway, Suite 410, Dallas, Texas 75231. Donald W. Phillips' present principal occupation is President and owner of Big D Oil Field Equipment Sales. Donald W. Phillips is a citizen of the United States of America. (IV) ART is a real estate investment company organized and existing as a Georgia corporation. ART's principal business activities include investment in real estate and in other business ventures. The principal place of business and principal office of ART is located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. The following is a list of each executive officer and director of ART:
Name Position(s) with ART ---- -------------------- G. Wayne Watts Director Al Gonzalez Director Ryan T. Phillips Director Tilmon Kreiling, Jr. Director Oscar Cashwell Director Karl L. Blaha President
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Name Position(s) with ART ---- -------------------- Hamilton P. Schrauff Executive Vice President and Chief Financial Officer Thomas A. Holland Senior Vice President and Chief Accounting Officer Robert A. Waldman Secretary and Vice President Drew D. Potera Treasurer
Information with respect to Messrs. Blaha, Schrauff, Potera, Holland, Waldman and Ryan T. Phillips is disclosed in (I) above. Mr. Watts' business address is P.O. Box 27081, Greenville, South Carolina 29616. Mr. Watts' present principal occupation is President of Palmetto Industries. Mr. Watts is a citizen of the United States of America. Mr. Gonzalez's business address is 5440 Harvest Hill Road, Suite 250, Dallas, Texas 75230. Mr. Gonzalez' present principal occupation is President of AGE Refining, Inc. Mr. Gonzalez is a citizen of the United States of America. Mr. Kreiling's business address is 4627 Kelsey Road, Dallas, Texas 75229. Mr. Kreiling's present principal occupation is President of Kreiling Associates & Co. Mr. Kreiling is a citizen of the United States of America. (V) SAMLP is a Delaware limited partnership engaged in the business of investing in real estate and real estate related assets. The principal place of business and principal office of SAMLP is located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. SAMLP has no officers or directors. The general partners of SAMLP are Gene E. Phillips and Syntek Asset Management, Inc. ("SAMI"). SAMI is a corporation organized and existing under the laws of the State of Texas. SAMI is a wholly-owned subsidiary of BCM. SAMI's principal business activities include investment in real estate and in other business ventures. Its principal place of business and principal office is located 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Information with respect to Mr. Phillips is disclosed in (III) above. During the last five (5) years, (i) none of the persons enumerated in (I) through (V) above, as amended, has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) and (ii) none of such persons was a party to a civil 12 13 proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 5. Interest in Securities of the Issuer Item 5 is hereby amended to read as follows: (a) Share Ownership The following tables show the Shares owned directly and beneficially by the Reporting Persons on the date of this statement: Shares Owned Directly
Number of Percent of Name Shares Class (1) - ---- --------- ---------- BCM 129,275 4.8% CMET 53,000 2.0 ART 585,547 21.8 SAMLP 17,650 0.7 GEP Trust 31,000 1.2 TOTAL 816,472 30.5%
Shares Owned Beneficially
Number of Percent of Name Shares Class (1) - ---- --------- ---------- ART 585,547 21.8% BCM 129,275 4.8 CMET 53,000 2.0 SAMLP 17,650 0.7 Gene E. Phillips (2) 17,650 0.7 GEP Trust 31,000 1.2 G. Wayne Watts (3) 585,547 21.8 Al Gonzalez (3) 585,547 21.8 M. Ned Phillips (4) 129,275 4.8 Ryan T. Phillips (3)(4)(5) 745,822 27.8 Tilmon Kreiling, Jr. (3) 585,547 21.8 Oscar Cashwell (3)(4) 714,822 26.7 Total shares beneficially owned by Reporting Persons 816,472 30.5%
13 14 (1) Percentage calculations are based upon 2,675,050 Shares outstanding at June 30, 1994. Total and addends may not match due to rounding. (2) May be deemed to be a beneficial owner of the Shares held directly by SAMLP by virtue of the relationship to SAMLP described in Item 2, as herein amended. (3) May be deemed to be a beneficial owner of the Shares held directly by ART by virtue of the relationship to ART described in Item 2, as herein amended. (4) May be deemed to be the beneficial owner of Shares held directly by BCM by virtue of the relationship to BCM described in Item 2. (5) May be deemed to be the beneficial owner of Shares held directly by the GEP Trust by virtue of the relationship to GEP Trust described in Item 2. (b) Voting and Dispositive Power Each of the directors of ART share voting and dispositive power over the 585,547 Shares owned by ART. Each of the directors of BCM exercise voting and dispositive power over the 129,275 Shares held by BCM. Each of the Trustees of CMET share voting and disposition power over the 53,000 Shares held by CMET. The Trustee of GEP Trust has complete voting and disposition power over all of the shares owned by GEP Trust. (c) Transactions in Securities The following table lists the purchase transactions in the Shares that were effected by the Reporting Persons during the past sixty days:
Reporting Number of Price Type of Person Date Shares Per Share Transaction - --------- ---- --------- --------- ----------- BCM 5/03/94 1,200 $14.25 Open Market BCM 5/06/94 1,500 $14.25 Open Market BCM 5/06/94 1,200 $14.25 Open Market BCM 5/06/94 800 $14.25 Open Market BCM 5/06/94 1,000 $14.25 Open Market BCM 5/06/94 600 $14.25 Open Market BCM 5/09/94 300 $14.25 Open Market BCM 5/10/94 100 $14.25 Open Market ART 5/11/94 1,200 $14.25 Open Market BCM 5/12/94 400 $14.25 Open Market ART 5/12/94 300 $14.25 Open Market ART 5/12/94 500 $14.25 Open Market ART 5/13/94 1,000 $14.25 Open Market ART 5/16/94 500 $14.25 Open Market
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Reporting Number of Price Type of Person Date Shares Per Share Transaction - --------- ---- --------- --------- ----------- ART 5/17/94 500 $14.25 Open Market ART 5/17/94 200 $14.25 Open Market ART 5/18/94 200 $14.25 Open Market ART 5/25/94 100 $14.25 Open Market ART 5/26/94 400 $14.25 Open Market ART 5/26/94 400 $14.25 Open Market ART 5/27/94 600 $14.25 Open Market ART 5/31/94 500 $14.25 Open Market ART 5/31/94 200 $14.25 Open Market ART 5/31/94 200 $14.25 Open Market ART 6/01/94 400 $14.25 Open Market ART 6/02/94 800 $14.25 Open Market ART 6/02/94 400 $14.25 Open Market ART 6/02/94 1,100 $14.25 Open Market ART 6/03/94 100 $14.25 Open Market ART 6/06/94 1,000 $14.25 Open Market ART 6/06/94 200 $14.25 Open Market ART 6/06/94 800 $14.25 Open Market ART 6/08/94 200 $14.25 Open Market ART 6/09/94 600 $14.25 Open Market ART 6/09/94 600 $14.25 Open Market ART 6/10/94 400 $14.25 Open Market ART 6/10/94 1,000 $14.25 Open Market ART 6/10/94 2,000 $14.25 Open Market ART 6/10/94 2,400 $14.25 Open Market ART 6/10/94 1,100 $14.25 Open Market ART 6/10/94 1,500 $14.25 Open Market ART 6/14/94 300 $14.25 Open Market ART 6/15/94 100 $14.25 Open Market ART 6/16/94 100 $14.25 Open Market ART 6/17/94 500 $14.25 Open Market ART 6/21/94 200 $14.25 Open Market ART 6/22/94 100 $14.25 Open Market ART 6/23/94 100 $14.25 Open Market ART 6/24/94 600 $14.25 Open Market ART 6/27/94 400 $14.25 Open Market ART 6/28/94 900 $14.25 Open Market ART 6/29/94 300 $14.25 Open Market ART 6/29/94 700 $14.25 Open Market ART 6/30/94 100 $14.25 Open Market
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of Issuer Item 6 is hereby amended by deleting Item 6(a) in its entirety and adding new Item 6(a) which reads as follows: (a) ART has pledged 10,000 Shares to Addison Securities, Inc., pledged 4,250 Shares to Advest, pledged 7,900 Shares to Alex Brown, pledged 27,750 Shares to Allied Research 15 16 Services, Inc., pledged 5,100 Shares to Baker & Company, pledged 4,900 Shares to Brown & Company, pledged 12,050 Shares to CJ Lawrence, Inc., pledged 10,050 Shares to Capital Institutional, Inc., pledged 5,000 Shares to Cowen & Company, pledged 20,096 Shares to Dean Witter Reynolds, pledged 5,000 Shares to Dillon Read and Company, Inc., pledged 16,000 Shares to Eppler, Guerin and Turner, Inc., pledged 34,400 Shares to Fist Alabama, pledged 12,000 Shares to Global Strategies, pledged 28,538 Shares to Goldman Sachs, pledged 25,000 Shares to Gruntal & Co., pledged 12,000 Shares to Hambrecht & Quist, pledged 20,000 Shares to Howard Weil, pledged 30,271 Shares to Kemper Securities Group, Inc., pledged 23,000 Shares to Kennedy Cabot & Company, pledged 41,000 Shares to Kidder Peabody Investor, pledged 10,000 Shares to Kirpatrick Pettis, pledged 9,000 Shares to Lehman Brothers, pledged 2,000 Shares to Lombrad, pledged 12,500 Shares to Legg Mason, pledged 2,000 Shares to Mabon, pledged 15,000 Shares to Montgomery Securities, pledged 14,000 Shares to Mutual Securities, Inc., pledged 10,000 Shares to NorthPark Securities, Inc., pledged 19,475 Shares to The Ohio Company, pledged 12,500 Shares to Olde Discount Stock Brokers, pledged 35,000 Shares to Oppenheimer & Company, pledged 2,000 Shares to Paine Webber, pledged 15,171 Shares to Prudential Bache, pledged 2,100 Shares to Quick & Reilly, pledged 12,625 Shares to Robert Baird, pledged 1,500 Shares to Rodman & Renshaw, pledged 14,900 Shares to Scottsdale Securities, Inc., pledged 18,171 Shares to Shearson Lehman Hutton, pledged 16,000 Shares to Thomas F. White & Co., Inc., and pledged 6,000 Shares to Wachovia in stock margin accounts maintained by it with such brokers. BCM has pledged 3,300 Shares to Accutrade, pledged 13,625 Shares to Addison Securities, Inc., pledged 3,900 Shares to Advest, pledged 10,000 Shares to Alex Brown, pledged 4,700 Shares to Allied Research Service, pledged 2,100 Shares to Baker & Company, pledged 3,000 Shares to Brown & Company, pledged 4,000 Shares to CJ Lawrence, Inc., pledged 2,000 shares to Capital Institutional Inc., pledged 2,000 Shares to Cowen & Company, pledged 3,600 Shares to Dean Witter and Reynolds, pledged 5,000 Shares to Dillon Read and Company, Inc., pledged 3,000 Shares to Eppler, Guerin and Turner, Inc., pledged 1,000 Shares to Gruntal & Co., pledged 7,000 Shares to HD Vest Financial Services, pledged 2,300 Shares to Hambrecht & Quist, pledged 5,000 Shares to IDS Financial Services, Inc., pledged 5,000 Shares to Kemper Securities Groups, Inc., pledged 4,000 Shares to Kirpatrick Pettis, pledged 2,000 Shares to Lombard, pledged 5,000 Shares to Legg Mason, pledged 2,000 Shares to Mabon, pledged 3,800 Shares to NorthPark Securities, Inc., pledged 2,000 Shares to The Ohio Company, pledged 6,000 Shares to Olde Discount Stock Brokers, pledged 10,950 Shares to Piper Jaffray, Inc., pledged 2,000 Shares to Scottdale Securities, Inc., pledged 5,000 Shares to Signet Financial Services, Inc., pledged 2,000 Shares to Southwest Securities, pledged 2,000 Shares to Wachovia and pledged 2,000 Shares to Worthern Securities in stock margin accounts maintained by it with such brokers. 16 17 CMET has pledged 10,000 Shares to Goldman Sach & Co., pledged 11,000 Shares to Neuberger & Berman and pledged 32,000 Shares to Scottsdale Securities, Inc. in stock margin accounts maintained by it with such brokers. 17 18 SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in the statement is true, complete and correct. Dated: July 8, 1994 SYNTEK ASSET MANAGEMENT, L.P. By: Syntek Asset Management, Inc. Managing General Partner By:/s/ Oscar W. Cashwell Oscar W. Cashwell President BASIC CAPITAL MANAGEMENT, INC. By:/s/ Oscar W. Cashwell Oscar W. Cashwell President AMERICAN REALTY TRUST, INC. By: /s/ Karl L. Blaha Karl L. Blaha President GENE E. PHILLIPS CHILDREN'S TRUST By:/s/ Donald W. Phillips Donald W. Phillips Trustee CONTINENTAL MORTGAGE AND EQUITY TRUST By:/s/ Oscar W. Cashwell Oscar W. Cashwell President 18 -----END PRIVACY-ENHANCED MESSAGE-----