SC 13D/A 1 igc13dam24q2003.txt IGC 13D AM2 4Q 2003 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* Interstate General Company L.P. (Name of Issuer) Common Shares, no par value (Title of Class of Securities) 460885106 (CUSIP Number) Mr. Richard R. Davis Bessemer Securities Corporation 630 Fifth Avenue New York, New York 10111 (212) 708-9334 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 30, 2003 (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 (the "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). ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bessemer Interstate Corporation 58-1723972 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_| (b)|X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED 104,442 units BY EACH ------------------------------------------------------------ REPORTING SHARED VOTING POWER PERSON 8 WITH -0- ------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 104,442 units ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 104,442 units -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW |_| (11) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.97 % -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bessemer Securities Corporation 13-1542996 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED -0- BY EACH ----------------------------------------------------------------- REPORTING SHARED VOTING POWER PERSON 8 WITH 104,442 units* ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 104,442 units* -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 104,442 units* -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW |_| (11) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.97 % -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- * The units reported on this page are the same as those reported on page 2, because Bessemer Securities Corporation is the parent of Bessemer Interstate Corporation. -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bessemer Securities LLC 13-3926991 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_| (b)|X| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY -0- EACH REPORTING ------------------------------------------------------------ PERSON 8 SHARED VOTING POWER WITH 104,442 units* ------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 104,442 units* -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 104,442 units* -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW |_| (11) EXCLUDES CERTAIN SHARES* -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.97 % -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC -------------------------------------------------------------------------------- * The units reported on this page are the same as those reported on page 2, because Bessemer Securities LLC is the ultimate parent of Bessemer Interstate Corporation. ITEM 1. SECURITY AND ISSUER ------------------- This Statement on Schedule 13D relates to the common shares representing the limited partnership interests ("Units") of Interstate General Company L.P., a Delaware limited partnership (the "Issuer"). The principal executive office of the Issuer is at 2 West Washington Street, Middleburg, Virginia 20118. ITEM 2. IDENTITY AND BACKGROUND. ----------------------- No Changes ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. ------------------------------------------------- No Changes ITEM 4. PURPOSE OF TRANSACTION. ---------------------- No Changes ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. ------------------------------------ (a) Bessemer Interstate owns 104,442 Units of the Issuer, which represents approximately 4.97% of the Units outstanding. Bessemer Interstate is a wholly owned subsidiary of BSC and an indirect wholly owned subsidiary of BSLLC. BSLLC and BSC have no voting or dispositive power over such Units, and although BSLLC and BSC could be deemed to be the indirect beneficial owner (through Bessemer Interstate) of any Units which are (or could be deemed to be) beneficially owned by Bessemer Interstate, BSLLC and BSC disclaim any such beneficial ownership. (e) Based upon the Issuer's Form 10-Q filed November 14, 2003, the Filing Persons ceased to be a beneficial holder of more than five percent of the Units on or before September 30, 2003. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. --------------------------- Not Applicable. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. ---------------------------------- Not Applicable. 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. Date: February 10, 2004 Bessemer Securities LLC By: /s/ Richard R. Davis ------------------------------------ Richard R. Davis Senior Vice President Bessemer Securities Corporation By: /s/ Richard R. Davis ------------------------------------- Richard R. Davis Senior Vice President Bessemer Interstate Corporation By: /s/ John G. MacDonald ------------------------------------- John G. MacDonald Vice President