-----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, HUeqHUkIu1dJl+vpkNLKlGZcwuysSumaU0HU0T7qTuYKLD1gnd4L0SsqsBxoga7k KrsyV+1AXGrZXZij2fHF8A== 0000899140-06-000993.txt : 20060710 0000899140-06-000993.hdr.sgml : 20060710 20060710152858 ACCESSION NUMBER: 0000899140-06-000993 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060706 FILED AS OF DATE: 20060710 DATE AS OF CHANGE: 20060710 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: RESOURCE AMERICA INC CENTRAL INDEX KEY: 0000083402 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] 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: Spencer Small Cap Partners, LLC CENTRAL INDEX KEY: 0001354267 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06953881 BUSINESS ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10023 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 Small Cap Fund, LP CENTRAL INDEX KEY: 0001354268 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06953882 BUSINESS ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10023 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 Offshore Partners, LLC CENTRAL INDEX KEY: 0001344816 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06953883 BUSINESS ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10023 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 OFFSHORE OPPORTUNITY FUND LTD CENTRAL INDEX KEY: 0001329601 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06953884 BUSINESS ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125864198 MAIL ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SPENCER CAPITAL OPPORTUNITY FUND LP CENTRAL INDEX KEY: 0001262981 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06953886 BUSINESS ADDRESS: STREET 1: 10 EAST 53RD STRRET STREET 2: 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 9173342904 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: 06953887 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: 06953888 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Spencer Capital Partners, LLC CENTRAL INDEX KEY: 0001344817 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 06953885 BUSINESS ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10023 BUSINESS PHONE: 212-586-4198 MAIL ADDRESS: STREET 1: 1995 BROADWAY STREET 2: SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10023 4 1 spencer_rexi4-071006ex.xml X0202 4 2006-07-06 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) 0001262981 SPENCER CAPITAL OPPORTUNITY FUND LP 1995 BROADWAY SUITE 1801 NEW YORK NY 10023 0 0 0 1 See footnote (1) 0001344817 Spencer Capital Partners, LLC 1995 BROADWAY SUITE 1801 NEW YORK NY 10023 0 0 0 1 See footnote (1) 0001329601 SPENCER CAPITAL OFFSHORE OPPORTUNITY FUND LTD C/O WALKERS SPV LTD., P.O. 908GT WALKERS HOUSE, MARY STREET GEORGE TOWN E9 CAYMAN ISLANDS 0 0 0 1 See footnote (1) 0001344816 Spencer Capital Offshore Partners, LLC 1995 BROADWAY SUITE 1801 NEW YORK NY 10023 0 0 0 1 See footnote (1) 0001354268 Spencer Capital Small Cap Fund, LP 1995 BROADWAY SUITE 1801 NEW YORK NY 10023 0 0 0 1 See footnote (1) 0001354267 Spencer Small Cap Partners, LLC 1995 BROADWAY SUITE 1801 NEW YORK NY 10023 0 0 0 1 See footnote (1) Common Stock, par value $0.001 per share 2006-07-06 4 P 0 200 19.99 A 1972375 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 19501 19.9945 A 1991876 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 16335 20.00 A 2008211 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 100 20.01 A 2008311 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 4411 20.02 A 2012722 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 5600 20.03 A 2018322 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 3600 20.04 A 2021922 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 5000 20.05 A 2026922 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 900 20.08 A 2027822 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 100 20.09 A 2027922 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 498 20.10 A 2028420 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 600 20.11 A 2029020 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 1200 20.12 A 2030220 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 15200 20.13 A 2045420 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 2500 20.14 A 2047920 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 20555 20.15 A 2068475 I See footnotes Common Stock, par value $0.001 per share 2006-07-06 4 P 0 15000 20.18 A 2083475 I See footnotes See Exhibit 99.1. See Exhibit 99.1. /s/ Kenneth H. Shubin Stein, MD, CFA, Authorized Signatory 2006-07-10 EX-99 2 s071006a.txt EXH. 99.1- EXPLANATION OF RESPONSES Exhibit 99.1 Explanation of Responses 1. This Form 4 is filed on the behalf of Spencer Capital Management, LLC, a Delaware limited liability company ("SCM"), Kenneth H. Shubin Stein, MD, CFA, an individual ("Dr. Shubin Stein"), Spencer Capital Opportunity Fund, LP, a Delaware limited partnership ("SCF"), Spencer Capital Partners, LLC, a Delaware limited liability company ("SCP"), Spencer Capital Offshore Opportunity Fund, Ltd., a Cayman Islands exempted company ("SCOF"), Spencer Capital Offshore Partners, LLC, a Delaware limited liability company ("SCOP"), Spencer Capital Small Cap Fund, LP, a Delaware limited partnership ("SCSCF"), Spencer Small Cap Partners, LLC, a Delaware limited liability company ("SCSCP", and together with SCM, Dr. Shubin Stein, SCF, SCP, SCOF, SCOP and SCSCF collectively, the "Reporting Persons"). SCM is an investment management firm and is the investment manager of SCF, SCOF and SCSCF and the portfolio manager of Columbia Avenue Capital LLC, an Oklahoma limited liability company ("CAC"). SCF is a private investment partnership. SCP serves as the general partner of SCF. SCOF is a Cayman Islands exempted company which invests in securities. SCOP serves as the management company of SCOF. SCSCF is a private investment partnership. SCSCP serves as a general partner of SCSCF. Dr. Shubin Stein is the controlling person of SCM, SCF, SCP, SCOF, SCOP, SCSCF and SCSCP. 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. 2. As of the date of this filing, (i) SCF owned 1,170,553 shares of Common Stock, (ii) SCOF owned 779,638 shares of Common Stock, (iii) SCSCF owned 49,388 shares of Common Stock and (iv) CAC owned 83,896 shares of Common Stock. By reason of the provisions of Rule 16a-1 of the Exchange Act and the relationship of the Reporting Persons with each other, (i) SCM may be deemed to be the beneficial owner of an indeterminate portion of 2,083,475 shares of Common Stock, (ii) Dr. Shubin Stein may be deemed to be the beneficial owner an indeterminate portion of 2,087,075 shares of Common Stock, (iii) SCF and SCP may be deemed to be the beneficial owners of an indeterminate portion of 1,170,553 shares of Common Stock, (iv) SCOF and SCOP may be deemed to be the beneficial owners of an indeterminate portion of 779,638 shares of Common Stock and (v) SCSCF and SCSCP may be deemed to be the beneficial owners of an indeterminate portion of 49,388 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. EX-99 3 s071006b.txt EXH 99.2 - LIST OF FILERS AND SIGNATURES Exhibit 99.2 Designated Filer: Spencer Capital Management, LLC Issuer & Ticker Symbol: REXI Date of Event Requiring Statement: July 6, 2006 1. Name: Kenneth H. Shubin Stein, MD, CFA Address: 1995 Broadway, Suite 1801 New York, NY 10023 2. Name: Spencer Capital Opportunity Fund, LP Address: 1995 Broadway, Suite 1801 New York, NY 10023 3. Name: Spencer Capital Partners, LLC Address: 1995 Broadway, Suite 1801 New York, NY 10023 4. Name: Spencer Capital Offshore Opportunity Fund, Ltd. Address: c/o Walkers SPV Ltd. P.O. Box 908GT Walkers House Mary Street George Town, Cayman Islands 5. Name: Spencer Capital Offshore Partners, LLC Address: 1995 Broadway, Suite 1801 New York, NY 10023 6. Name: Spencer Capital Small Cap Fund, LP Address: 1995 Broadway, Suite 1801 New York, NY 10023 7. Name: Spencer Small Cap Partners, LLC Address: 1995 Broadway, Suite 1801 New York, NY 10023 Date: July 10, 2006 SPENCER CAPITAL OPPORTUNITY FUND, LP By: Spencer Capital Partners, LLC, Its General Partner By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Name: Kenneth H. Shubin Stein, MD, CFA Title: Managing Member SPENCER CAPITAL PARTNERS, LLC By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Name: Kenneth H. Shubin Stein, MD, CFA Title: Managing Member SPENCER CAPITAL OFFSHORE OPPORTUNITY FUND, LTD. By: Spencer Capital Offshore Partners, LLC, Its Investment Manager By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Name: Kenneth H. Shubin Stein, MD, CFA Title: Managing Member SPENCER CAPITAL OFFSHORE PARTNERS, LLC By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Name: Kenneth H. Shubin Stein, MD, CFA Title: Managing Member SPENCER SMALL CAP FUND, LP By: Spencer Small Cap Partners, LLC, Its General Partner By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Name: Kenneth H. Shubin Stein, MD, CFA Title: Managing Member SPENCER SMALL CAP PARTNERS, LLC By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Name: Kenneth H. Shubin Stein, MD, CFA Title: Managing Member By: /s/ Kenneth H. Shubin Stein, MD, CFA ----------------------------------------- Name: Kenneth H. Shubin Stein, MD, CFA -----END PRIVACY-ENHANCED MESSAGE-----