-----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, E0NVm7vAdgxmjiCjGmgLGgfVZOz+/fGLP8w51xt6qcqr2WnZQ0a+KCNO/7pEcwvG PoT0ivwQ5ETE2KceKJm3jA== 0000927016-02-003440.txt : 20020627 0000927016-02-003440.hdr.sgml : 20020627 20020627151119 ACCESSION NUMBER: 0000927016-02-003440 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20020627 GROUP MEMBERS: ALLISON SACKS GROUP MEMBERS: AVRAHAM R. LAMPERT IRREVOCABLE TRUST GROUP MEMBERS: BEATRICE LEVY GROUP MEMBERS: DANIEL H. LEVY GROUP MEMBERS: DAVID J. LEVY GROUP MEMBERS: DAVIDA LEVY GROUP MEMBERS: ELKA N. LAMPERT IRREVOCABLE TRUST GROUP MEMBERS: GRANDCO ASSOCIATES GROUP MEMBERS: HAPCO COMPANY GROUP MEMBERS: HARRY A. LEVY GROUP MEMBERS: HARRY A. LEVY GRANDCHILDREN'S TRUST GROUP MEMBERS: JO ANN LEVY GROUP MEMBERS: JO ANN M. LEVY GROUP MEMBERS: JOEL M. LEVY GROUP MEMBERS: LEVOR ASSOCIATES GROUP MEMBERS: MARK A. LEVY GROUP MEMBERS: RICHARD D. LEVY GRANDCHILDREN'S TRUST GROUP MEMBERS: ROBERT A. LEVY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ORIOLE HOMES CORP CENTRAL INDEX KEY: 0000074928 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 591228702 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34085 FILM NUMBER: 02689016 BUSINESS ADDRESS: STREET 1: 1690 S CONGRESS AVE STE 200 CITY: DELRAY BEACH STATE: FL ZIP: 33445 BUSINESS PHONE: 4072742000 FORMER COMPANY: FORMER CONFORMED NAME: ORIOLE LAND & DEVELOPMENT CORP DATE OF NAME CHANGE: 19720615 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEVY RICHARD D CENTRAL INDEX KEY: 0001167252 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: EDWARDS & ANGELL LLP STREET 2: ONE NORTH CLEMATIS STREET STE 400 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 5618200296 MAIL ADDRESS: STREET 1: C/O ORIOLE HOMES CORP STREET 2: 1690S CONGRESS AVE STE 200 CITY: DELRAY BEACH STATE: FL ZIP: 33445 SC 13D/A 1 dsc13da.txt AMEND NO. 3 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 3) Under the Securities Exchange Act of 1934* Oriole Homes Corp. (Name of Issuer) Class A Common Stock, $.10 par value Class B Common Stock, $.10 par value (Title of Class of Securities) 686264102 (Class A) 686264201 (Class B) (CUSIP Number) Richard D. Levy Harry A. Levy Mark A. Levy 1690 South Congress Avenue Suite 200 Delray Beach, FL 33445 (561) 274-2000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 22, 2002 (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(e), Rule 13d-1(f) or Rule 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(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. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 2 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RICHARD D. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 172,498 (Class A) 89,582 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 325,337 (Class A) EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 172,498 (Class A) 89,582 (Class B) 10 SHARED DISPOSITIVE POWER 325,337 (Class A) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 497,835 (Class A) 89,582 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.72% (Class A) 3.23% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 3 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BEATRICE LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 25,334 (Class A) 23,384 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 25,334 (Class A) 23,384 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,334 (Class A) 23,384 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.36% (Class A) 0.84% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 4 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HARRY A. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 189,405 (Class A) 123,340 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 325,337 (Class A) EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 189,405 (Class A) 123,340 (Class B) 10 SHARED DISPOSITIVE POWER 325,337 (Class A) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 514,742 (Class A) 123,340 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.62% (Class A) 4.45% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 5 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DAVIDA LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 5,038 (Class A) 5,038 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 5,038 (Class A) 5,038 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,038 (Class A) 5,038 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.03% (Class A) 0.18% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 6 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MARK A. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 93,412 (Class A) 88,632 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 121,758 (Class A) EACH 167,458 (Class B) REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 93,412 (Class A) 88,632 (Class B) 10 SHARED DISPOSITIVE POWER 121,758 (Class A) 167,458 (Class B) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 215,170 (Class A) 256,090 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.55% (Class A) 9.24% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 7 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JO ANN M. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 2,210 (Class A) 1,585 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 2,210 (Class A) 1,585 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,210 (Class A) 1,585 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.12% (Class A) 0.06% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 8 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JO ANN LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 44,312 (Class A) 37,000 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 44,312 (Class A) 37,000 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,312 (Class A) 37,000 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.38% (Class A) 1.34% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 9 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DANIEL H. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 16,529 (Class A) 16,529 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 21,000 (Class A) EACH 66,700 (Class B) REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 16,529 (Class A) 16,529 (Class B) 10 SHARED DISPOSITIVE POWER 21,000 (Class A) 66,700 (Class B) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,529 (Class A) 83,229 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.01% (Class A) 3.00% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 10 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ALLISON SACKS 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 30,394 (Class A) 24,079 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 30,394 (Class A) 24,079 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,394 (Class A) 24,079 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.63% (Class A) 0.87% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 11 of 27 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JOEL M. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 28,851 (Class A) 28,537 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 14,037 (Class A) EACH 21,637 (Class B) REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 28,851 (Class A) 28,537 (Class B) 10 SHARED DISPOSITIVE POWER 14,037 (Class A) 21,637 (Class B) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 42,888 (Class A) 50,174 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.30% (Class A) 1.81% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 12 of 27 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ROBERT A. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 30,776 (Class A) 30,776 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 14,037 (Class A) EACH 21,637 (Class B) REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 30,776 (Class A) 30,776 (Class B) 10 SHARED DISPOSITIVE POWER 14,037 (Class A) 21,637 (Class B) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,813 (Class A) 52,413 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.41% (Class A) 1.89% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 13 of 27 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DAVID J. LEVY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 19,628 (Class A) 21,328 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 14,037 (Class A) EACH 21,637 (Class B) REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 19,628 (Class A) 21,328 (Class B) 10 SHARED DISPOSITIVE POWER 14,037 (Class A) 21,637 (Class B) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,665 (Class A) 42,965 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.81% (Class A) 1.55% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) IN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 14 of 27 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ELKA N. LAMPERT IRREVOCABLE TRUST 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 2,950 (Class A) 3,550 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 2,950 (Class A) 3,550 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,950 (Class A) 3,550 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.16% (Class A) 0.13% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) OO SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 15 of 27 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AVRAHAM R. LAMPERT IRREVOCBLE TRUST 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 687 (Class A) 1,087 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 687 (Class A) 1,087 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 687 (Class A) 1,087 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.04% (Class A) 0.04% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) OO SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 16 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HARRY A. LEVY GRANDCHILDREN'S TRUST 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 10,400 (Class A) 17,000 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 10,400 (Class A) 17,000 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,400 (Class A) 17,000 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.56% (Class A) 0.61% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) OO SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 17 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RICHARD D. LEVY GRANDCHILDREN'S TRUST 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 21,000 (Class A) 66,700 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 21,000 (Class A) 66,700 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,000 (Class A) 66,700 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.13% (Class A) 2.41% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) OO SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 18 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HAPCO COMPANY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 25,337 (Class A) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 25,337 (Class A) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,337 (Class A) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.36% (Class A) 14 TYPE OF REPORTING PERSON (See Instructions) CO SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 19 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LEVOR ASSOCIATES 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 300,000 (Class A) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 300,000 (Class A) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 (Class A) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.1% (Class A) 14 TYPE OF REPORTING PERSON (See Instructions) PN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 20 of 27 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GRANDCO ASSOCIATES 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION - United States 7 SOLE VOTING POWER 100,758 (Class A) 100,758 (Class B) NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 100,758 (Class A) 100,758 (Class B) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,758 (Class A) 100,758 (Class B) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.41% (Class A) 3.63% (Class B) 14 TYPE OF REPORTING PERSON (See Instructions) PN SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 21 of 27 This Schedule 13D is being filed by Richard D. Levy and Harry A. Levy and the other Reporting Persons described in Item 2 hereof and supercedes the Schedule 13D previously filed by Richard D. Levy and Harry A. Levy which was last amended by Amendment No. 2 thereto dated February 4, 1976. ITEM 1. SECURITY AND ISSUER This statement on Schedule 13D relates to the Class A Common Stock, par value $.10 per share, and the Class B Common Stock, par value $.10 per share, of Oriole Homes Corp., a Florida corporation (the "Company"). The principal executive offices are located at 1690 South Congress Avenue, Suite 200, Delray Beach, Florida 33445. The Class A Common Stock and the Class B Common Stock are collectively referred to herein as the "Common Stock." ITEM 2. IDENTITY AND BACKGROUND (a) The Schedule 13D is being filed by (i) Richard D. Levy, (ii) Harry A. Levy, (iii) Beatrice Levy, (iv) Davida Levy, (v) Mark A. Levy (vi) Jo Ann M. Levy (vii) Jo Ann Levy (viii) Daniel H. Levy, (ix) Allison Sacks, (x) Joel M. Levy (xi) Robert A. Levy, (xii) David J. Levy, (xiii) Elka N. Lampert Irrevocable Trust, (xiv) Avraham R. Lampert Irrevocable Trust, (xv) Harry A. Levy Granchildren's Trust, (xvi) Richard D. Levy Grandchildren's Trust, (xvii) Hapco Company, (xviii) Levor Associates, and (xix) Grandco Associates, (collectively, the "Reporting Persons"). (b)-(c) Richard D. Levy has served as Chairman of the Board and Chief Executive Officer of the Company since January 1976. Mr. Levy has been an executive officer and Director of the Company since its organization in 1963. Harry A. Levy has served as Vice Chairman of the Board since May 1991 and as Secretary of the Company since 1968. Mr. Levy is presently devoting the majority of his time at the Company, in addition to overseeing other family interests and investments. Mr. Levy has been a Director since 1963. Harry A. Levy is the brother of Richard D. Levy. Mark A. Levy has served as President and Chief Operating Officer since December 1984 and has been employed by the Company since January 1975. Mr. Levy has been a Director since 1982. Mark A. Levy is the son of Richard D. Levy. Beatrice Levy is the wife of Richard D. Levy. Davida Levy is the wife of Harry A. Levy. Jo Ann M. Levy is the wife of Mark Levy. Jo Ann Levy is the daughter of Richard D. Levy and an employee of the Company. Daniel H. Levy is the son of Richard D. Levy and an employee of the Company. Allison Sacks is the daughter of Richard D. Levy. Joel M. Levy, Robert A. Levy and David J. Levy are the children of Harry A. Levy and employees of the Company. SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 22 of 27 Elka N. Lampert Irrevocable Trust is a trust established for the granddaughter of Harry A. Levy; Joel M. Levy, Robert A. Levy and David J. Levy are the trustees. Avraham R. Lampert Irrevocable Trust is a trust established for the grandson of Harry A. Levy; Joel M. Levy, Robert A. Levy and David J. Levy are the trustees. Harry A. Levy Granchildren's Trust is a trust established for the benefit of the grandchildren of Harry A. Levy; Joel M. Levy, Robert A. Levy and David J. Levy are the trustees. Richard D. Levy Grandchildren's Trust is a trust established for the benefit of the grandchildren of Richard D. Levy; Mark A. Levy and Daniel H. Levy are the trustees. Hapco Company is a partnership, the partners of which are Richard D. Levy and Harry A. Levy. Levor Associates is a partnership, the partners of which are Harry A. Levy, Richard D. Levy, their wives, their children and Grandco Associates. Grandco Associates is a partnership, the partners of which are all of the children of Richard D. Levy and Harry A. Levy. The business address of each of the Reporting Persons is c/o Richard D. Levy, Oriole Homes Corp., 1690 South Congress Avenue, Suite 200, Delray Beach, Florida 33445. (d)-(e) During the last five years, none of the above referenced Reporting Persons attached hereto have been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he, she or it 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. (f) Each of the Reporting Persons is (i) a citizen of the United States or (ii) organized under the laws of a state of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION If the Reporting Persons were to purchase the outstanding shares of the Issuer not currently owned by the Reporting Persons pursuant to the Proposed Transaction (as defined in Item 4, below), the amount of funds necessary to complete the Proposed Transaction is presently expected to be approximately $10,015,000. The Reporting Persons currently anticipate that such funds would be provided substantially by external financing. With respect to the shares of Common Stock currently held by the Reporting Persons, each of the Reporting Persons originally acquired such shares for cash. ITEM 4. PURPOSE OF TRANSACTION With respect to the shares of Common Stock currently held by the Reporting Persons, a significant majority of such shares were acquired by members of the Levy family prior to the Company becoming a publicly trading company and have been held by the Levy family for over 25 years. This Schedule 13D amendment is being filed as a result of the Proposed Transaction and the resulting SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 23 of 27 change in the Reporting Persons' investment intent as described below. Although the Reporting Persons made a single proposal to the Special Committee of the Board of Directors of the Company (as described below), there is no oral or written arrangement among the Reporting Persons to act in concert with respect to their ownership of the Common Stock. Accordingly, each of the Reporting Persons can vote, in their own discretion, the shares of Common Stock individually held in their names. On May 22, 2002, the Reporting Persons, by and through its counsel, presented a letter (the "Proposal Letter") to the Chairman of the Special Committee of the Board of Directors of the Issuer in which the Reporting Persons made a preliminary, non-binding proposal to acquire all of the outstanding shares of Common Stock not owned by the Reporting Persons at a price of $3.53 per share (the "Proposed Transaction"). Approximately 743,630 issued and outstanding shares of Class A Common Stock, and 2,093,470 issued and outstanding shares of Class B Common Stock, are not owned by the Reporting Persons. The Proposed Transaction, if completed, would have an equity value of approximately $10,015,000. The Proposed Transaction is subject to financing and approval by the Board of Directors and stockholders of the Issuer and does not represent a binding offer or proposal. The purpose of the Proposed transaction is to acquire all of the outstanding shares of Common Stock not currently owned by the Reporting Persons. The Proposal Letter is attached hereto as Exhibit 2 and is incorporated herein by reference. The Reporting Persons anticipate that if the Proposed Transaction is completed, the Issuer will become a wholly-owned subsidiary of an acquisition entity to be formed by the Reporting Persons and that the Reporting Persons will seek to cause the Common Stock to be delisted from trading on the American Stock Exchange and to cause the termination of registration of the Common Stock pursuant to Section 12 of the Securities Exchange Act of 1934, as amended. In its Quarterly report on Form 10-Q for the quarter ended March 31, 2002 (the "10-Q Report"), the Company reported that it is in the process of considering strategic alternatives to current operating strategies in an effort to maximize shareholder value and, in that regard, the Company's Board of Directors has formed a Special Committee comprised of the three independent members of the Board which has retained a financial adviser (to provide the Special Committee with financial advisory services and a valuation of the Company) and legal counsel for the Special Committee. On May 22, 2002, the Reporting Persons determined to act together for the purpose of commencing a dialogue with the Company's management and the Special Committee and its financial advisor with respect to the Proposed Transaction. The Reporting Persons are considering various alternative courses of action with respect to the management and ongoing operations of the Company. Accordingly, the Reporting Persons may engage in any number of activities, including without limitation: (i) the acquisition of additional Common Stock; (ii) the acquisition of all of the remaining outstanding Common Stock of the Company (whether by means of a merger or another form of transaction); (iii) meetings and discussions with the Board of Directors of the Company with the intent of influencing the Company's business and affairs in this regard; and (iv) any other activities deemed by the Reporting Persons to be effective for the purpose of so influencing the business and affairs of the Company. The Reporting Persons reserve the right to acquire additional shares of Common Stock or to dispose of all or some of their shares through privately negotiated and/or open market transactions. SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 24 of 27 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) Based on information contained in the Company's 10-Q Report for the period ended March 31, 2002, as of May 9, 2002 there were 1,863,149 shares of Class A Common Stock, par value $.10 per share, and 2,772,375 shares of Class B Common Stock, par value $.10 per share, of the Company issued and outstanding. Each share of Class A Common Stock of the Company may be converted at any time into one share of Class B Common Stock. (b) The following table sets forth the beneficial ownership by each Reporting Person of shares of Class A Common Stock and Class B Common Stock with which such Reporting Person has sole voting or dispositive power: BENEFICIAL OWNER NUMBER AND CLASS OF SHARES PERCENTAGE OF BENEFICIALLY OWNED(1) CLASS(%) Richard D. Levy 172,498 Class A 9.26 89,582 Class B 3.23 Beatrice Levy 25,334 Class A 1.36 23,184 Class B (2) Harry A. Levy 189,405 Class A 10.17 123,340 Class B 4.45 Davida Levy 5,038 Class A (2) 5,038 Class B (2) Mark A. Levy 93,412 Class A 5.01 88,632 Class B 3.20 Jo Ann M. Levy 2,210 Class A (2) 1,585 Class B (2) Jo Ann Levy 44,312 Class A 2.38 37,000 Class B 1.34 Daniel H. Levy 16,529 Class A (2) 16,529 Class B (2) Allison Sacks 30,934 Class A 1.66 24,079 Class B (2) Joel M. Levy 28,851 Class A 1.55 28,537 Class B 1.03 Robert A. Levy 30,776 Class A 1.65 30,776 Class B 1.11 David J. Levy 19,628 Class A 1.05 21,328 Class B (2) SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 25 of 27 Elka N. Lampert Irrevocable Trust 2,950 Class A (2) 3,550 Class B (2) Avraham R. Lampert Irrevocable Trust 687 Class A (2) 1,087 Class B (2) Harry A. Levy Grandchildren's 10,400 Class A (2) Trust 17,000 Class B (2) Richard D. Levy Grandhildren's Trust 21,000 Class A 1.13 66,700 Class B 2.41 Hapco Company 25,337 Class A 1.36 Levor Associates 300,000 Class A 16.10 Grandco Associates 100,758 Class A 5.41 100,758 Class B 3.63 The following have shared voting or dispositive power with the respect to shares of Class A Common Stock and Class B Common Stock as follows: BENEFICIAL OWNER NUMBER AND CLASS OF SHARES PERCENTAGE OF BENEFICIALLY OWNED(1) CLASS(1) Richard D. Levy 325,337 Class A 17.44 Harry A. Levy 325,337 Class A 17.44 Mark A. Levy 121,758 Class A 6.54 167,458 Class B 6.04 Daniel H. Levy 21,000 Class A 1.13 66,700 Class B 2.41 Joel M. Levy 14,037 Class A (2) 21,637 Class B (2) Robert A. Levy 14,037 Class A (2) 21,637 Class B (2) David J. Levy 14,037 Class A (2) 21,637 Class B (2) - ------------ (1) The number of shares and percentage ownership of Class B Common Stock listed here does not assume conversion of any shares of Class A Common Stock owned by such Reporting Person into Class B Common Stock. (2) Denotes percentage ownership of less than 1% of such class of common stock. SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 26 of 27 With respect to the shared voting and dispositive power of Richard D. Levy and Harry A. Levy, the table above includes: (i) all shares of Class A Common Stock held in the name of Hapco Company, a partnership in which Richard D. Levy and Harry A. Levy are the sole partners and each control the right to vote and dispose of the Class A Common Stock; and (ii) all shares of Class A Common Stock held in the name of Levor Associates, a partnership in which Richard D. Levy and Harry A. Levy are the managing partners and control the right to vote and dispose of the Class A Common Stock. With respect to the shares voting and dispositive power of Mark A. Levy, the table above includes all shares of Common Stock held in the name of Grandco Associates, a partnership in which Mark A. Levy is the managing partner and controls the right to vote and dispose of the Common Stock. With respect to the shared voting and dispositive power of Mark A. Levy and Daniel H. Levy, the table above includes all shares of Common Stock held in the name of the Richard D. Levy Grandchildren's Trust, a trust in which Mark A. Levy and Daniel H. Levy are co-trustees and control the right to vote and dispose of the Common Stock. With respect to the shared voting and dispositive power of Joel M. Levy, Robert A. Levy and David J. Levy, the table above includes all shares of Common Stock held in the names of: (i) the Harry A. Levy Grandchildren's Trust; (ii) the Elka N. Lampert Irrevocable Trust; and (iii) the Avraham R. Lampert Irrevocable Trust. These are trusts in which Joel M. Levy, Robert A. Levy and David J. Levy are co-trustees and control the right to vote and dispose of the Common Stock. (c) During the 60 days prior to the date of this filing, the Reporting Persons did not effect any purchases of shares of the Common Stock of the Company. (d) No person other than those listed above has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock and Class B Common Stock of the Company referred to in the table. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Other than the Proposal Letter described in Item 4, above, none of the Reporting Persons has any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to shares of Class A Common Stock or Class B Common Stock of the Company, including, but not limited to, transfer or voting of any such shares, finder's fees, joint ventures, loans or option arrangements, puts or calls guarantees of profits, division of profits or losses, or the giving or withholding of proxies. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit No. Exhibit Name - ----------- ------------ 1. Joint Reporting Agreement and Power of Attorney on Behalf of Each Reporting Person. 2. Proposal Letter. SCHEDULE 13D CUSIP No. 646264102 (Class A) CUSIP No. 686264201 (Class B) Page 27 of 27 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: June 27, 2002 /s/ Richard D. Levy ----------------------------- Richard D. Levy /s/ Harry A. Levy ----------------------------- Harry A. Levy /s/ Mark Levy ----------------------------- Mark Levy EX-1 3 dex1.txt JOINT REPORTING AGREEMENT AND POWER OF ATTORNEY EXHIBIT 1 JOINT REPORTING AGREEMENT AND POWER OF ATTORNEY WHEREAS, the statement on Schedule 13D (the "Joint Statement") to which this joint reporting agreement and power of attorney (the "Agreement") is an exhibit is being filed on behalf of two or more persons (collectively, the "Reporting Persons") with respect to their beneficial ownership of shares of Class A Common Stock and Class B Common Stock of Oriole Homes Corp., a Florida corporation (the "Issuer"); and WHEREAS, the Reporting Persons prefer to file the Joint Statement on behalf of all of the Reporting Persons rather than individual statements on Schedule 13D on behalf of each of the Reporting Persons; NOW THEREFORE, the undersigned hereby agree as follows with each of the other Reporting Persons: 1. Each of the Reporting Persons is responsible for the timely filing of the Joint Statement and any amendments thereto and each Reporting Person is individually eligible under Rule 13d-1(k)(i) to use Schedule 13D. 2. Each of the Reporting Persons is responsible for the completeness and accuracy of the information concerning such Reporting Person contained in the Joint Statement. 3. None of the Reporting Persons is responsible for the completeness or accuracy of the information concerning the other Reporting Persons contained in the Joint Statement, unless such Reporting Person knows or has reason to believe that such information is inaccurate. 4. The undersigned agrees that the Joint Statement is, and any amendment thereto will be, filed on behalf of each of the Reporting Persons. 5. The undersigned hereby appoints Richard D. Levy, Harry A. Levy, and Mark A. Levy, or each of them severally, as attorneys-in-fact for the undersigned with authority to execute and deliver on behalf of the undersigned (i) any and all documents (including any amendments thereto) required to be filed by the undersigned or otherwise executed and delivered by the undersigned pursuant to the Securities Exchange Act of 1934, as amended, the Securities Act of 1933, as amended, all other federal, state and local securities and corporation laws, and all regulations promulgated thereunder relating to the undersigned's beneficial ownership of securities of the Issuer, and (ii) any and all amendments hereto for the purpose of adding additional Reporting Person(s) parties hereto. 6. This Agreement may be executed in one or more counterparts (including by facsimile), each of which shall be deemed an original, but all of which together shall constitute one and the same document. [Signature Page to Follow] IN WITNESS WHEREOF each of the undersigned hereby execute this Agreement as of this 24th day of June, 2002. By: /s/ Richard D. Levy Richard D. Levy By: /s/ Harry A. Levy Harry A. Levy By: /s/ Beatrice Levy Beatrice Levy By: /s/ Davida Levy Davida Levy By: /s/ Mark A. Levy Mark A. Levy By: /s/ Jo Ann M. Levy Jo Ann M. Levy By: /s/ Jo Ann Levy Jo Ann Levy By: /s/ Daniel H. Levy Daniel H. Levy By: /s/ Allison Sacks Allison Sacks By: /s/ Joel M. Levy Joel M. Levy By: /s/ Robert A. Levy Robert A. Levy By: /s/ David J. Levy David J. Levy Elka N. Lampert Irrevocable Trust By: /s/ Joel M. Levy Name: Joel M. Levy, co-trustee Avraham R. Lampert Irrevocable Trust By: /s/ Joel M. Levy Name: Joel M. Levy, co-trustee Harry A. Levy Grandchildren's Trust By: /s/ Joel M. Levy Name: Joel M. Levy, co-trustee Richard D. Levy Grandchildren's Trust By: /s/ Mark A. Levy Name: Mark A. Levy, co-trustee Hapco Company By: /s/ Richard D. Levy Name: Richard D. Levy Levor Associates By: /s/ Harry A. Levy Name: Harry A. Levy, managing partner Grandco Associates By: /s/ Mark A. Levy Name: Mark A. Levy, managing partner EX-2 4 dex2.txt PROPOSAL LETTER EXHIBIT 2 [Adorno & Yoss, P.A. Letterhead] CONFIDENTIAL May 22, 2002 George R. Richards 424 St. Andrews Road Beech Mountain, N.C. 28604 Re: Proposed Purchase of Shares Dear Mr. Richards: On behalf of our clients, Richard Levy, Harry ("Hap") Levy and Mark Levy, and their familial and entity affiliates (collectively the "Levy Family"), we are pleased to submit to you, as Chairman of the Special Committee of the Board of Directors of Oriole Homes Corporation (the "Company") a proposal, subject to the mutual execution of a definitive agreement, pursuant to which a newly formed entity of the Levy Family, including the aforementioned principals and their affiliates, would acquire all of the outstanding Class A and Class B common stock of the Company which is not beneficially owned by the Levy Family, at a cash purchase price of $3.53 per share. We have been advised that such price represents a premium of approximately 20% over the closing price of the Company's Class B common stock as publicly quoted on May 21, 2002. The closing of this proposed transaction will be on or before September 30, 2002. All options (employee and director) other than those held by the Levy Family would be cashed out at a price equal to the excess of $3.53 over the exercise price for each option. Certain funds necessary to complete the acquisition may be obtained through borrowings by the Levy Family, but this proposal will not be contingent upon third party financing. Furthermore, this proposal assumes that there will be no regulatory delays, although customary filings with the Securities and Exchange Commission will be required. Therefore, this offer is not subject to any conditions other than the execution of a definitive merger agreement (including an appropriate "break-up fee") and the approval by the Company's Board of Directors and shareholders. In light of the voting control the Levy Family maintains through its ownership of a majority of the Company's common stock, and the management positions in the Company held by certain of the Levys, we understand that the Special Committee (a committee of independent members of the Company's Board of Directors), will consider this proposal and seek advice from its own legal counsel and financial advisor in this regard. Our clients are prepared to proceed immediately with negotiations with the Special Committee and its advisors with the goal of producing a mutually-satisfactory merger agreement as promptly as possible. Because of the impact of this process on the Company's customers, employees, shareholders and lenders, the Levy Family appreciates the need to proceed with the least interruption and effect on the Company's ongoing operations. Accordingly, as in any situation of this nature, the existence of this proposal and the terms hereof must remain strictly confidential or it may be withdrawn by the Levys at any time. Please contact the undersigned at (305) 860-7044 in order to establish a framework for further discussions in this regard. Sincerely, /s/ Dennis J. Olle Dennis J. Olle cc: Les Croland, Esq. Serge G. Martin, Esq. Harry "Hap" Levy Richard Levy Maurice E. Levenson Paul R. Lehrer -----END PRIVACY-ENHANCED MESSAGE-----