-----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, QM0hRcgspMHv+x9joTX/sQoT/YX38qzVqYcUWasmCEMg1wCbd4s6/YmNybZiGSmO ZPFPxlAtPq/5d6gu2uH13Q== 0000899140-06-000466.txt : 20060316 0000899140-06-000466.hdr.sgml : 20060316 20060316131540 ACCESSION NUMBER: 0000899140-06-000466 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060301 FILED AS OF DATE: 20060316 DATE AS OF CHANGE: 20060316 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: RESOURCE AMERICA INC CENTRAL INDEX KEY: 0000083402 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 720654145 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 1845 WALNUT STREET STREET 2: SUITE 1000 CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-546-5005 MAIL ADDRESS: STREET 1: 1845 WALNUT STREET STREET 2: SUITE 1000 CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE EXPLORATION INC DATE OF NAME CHANGE: 19890214 FORMER COMPANY: FORMER CONFORMED NAME: SMTR CORP DATE OF NAME CHANGE: 19700522 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Shubin Stein Kenneth H CENTRAL INDEX KEY: 0001345051 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06690946 BUSINESS ADDRESS: BUSINESS PHONE: 212-586-4198 MAIL ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10023 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Spencer Capital Management, LLC CENTRAL INDEX KEY: 0001311910 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06690947 BUSINESS ADDRESS: STREET 1: 200 W. 57TH STREET, SUITE 602 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-586-4198 MAIL ADDRESS: STREET 1: 200 W. 57TH STREET, SUITE 602 CITY: NEW YORK STATE: NY ZIP: 10019 4 1 spencer_resource4-031606ex.xml X0202 4 2006-03-01 0 0000083402 RESOURCE AMERICA INC REXI 0001311910 Spencer Capital Management, LLC 1995 BROADWAY, SUITE 1801 NEW YORK NY 10023 0 0 0 1 see footnote (1) 0001345051 Shubin Stein Kenneth H 1995 BROADWAY SUITE 1801 NEW YORK NY 10023 0 0 0 1 see footnote (1) Common stock, par value $0.001 per share 2006-03-01 4 J 0 83896 0 A 1972175 I see footnotes This Form 4 is filed on the behalf of Spencer Capital Management, LLC, a Delaware limited liability company ("SCM"), and Kenneth H. Shubin Stein, MD, CFA, an individual ("Dr. Shubin Stein", and together with SCM, the "Reporting Persons"). On March 1, 2006, SCM agreed to be portfolio manager of Columbia Avenue Capital LLC, an Oklahoma limited liability company ("CAC"). Dr. Shubin Stein is the manager, controlling person and a member of SCM and the portfolio manager of CAC. On March 1, 2006 CAC owned, and on the date hereof CAC owns, 83,896 shares of common stock, par value $0.001 per share (the "Common Stock"), of Resource America, Inc., a Delaware corporation. The Reporting Persons may be deemed to be members of a group within the meaning of Section 13(d) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), that owns more than 10% of the outstanding Common Stock. As of the date of this filing, (i) SCM may be deemed to be the beneficial owner of an indeterminate portion of 1,972,175 shares of Common Stock and (ii) Dr. Shubin Stein may be deemed to be the beneficial owner an indeterminate portion of 1,975,775 shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of all shares of the Common Stock, except to the extent of any direct or indirect pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person is a beneficial owner of the shares of Common Stock reported as beneficially owned herein for the purposes of Section 16 of the Exchange Act or for any other purpose. SPENCER CAPITAL MANAGEMENT, LLC, /s/Kenneth H. Shubin Stein, MD, CFA, Authorized Signatory 2006-03-16 EX-99.1 2 s3185157.txt CONTINUATION SHEET Designated Filer: Spencer Capital Management, LLC Issuer & Ticker Symbol: REXI Date of Event Requiring Statement: March 1, 2006 1. Name: Kenneth H. Shubin Stein, MD, CFA Address: 1995 Broadway, Suite 1801 New York, NY 10023 Date: March 16, 2006 By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Kenneth H. Shubin Stein, MD, CFA -----END PRIVACY-ENHANCED MESSAGE-----