<SEC-DOCUMENT>0000898382-13-000020.txt : 20130208
<SEC-HEADER>0000898382-13-000020.hdr.sgml : 20130208
<ACCEPTANCE-DATETIME>20130208104859
ACCESSION NUMBER: 0000898382-13-000020
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20130208
DATE AS OF CHANGE: 20130208
GROUP MEMBERS: OMEGA CHARITABLE PARTNERSHIP LP
SUBJECT COMPANY:
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
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-32277
FILM NUMBER: 13585321
BUSINESS ADDRESS:
STREET 1: ONE CRESCENT DRIVE, SUITE 203
STREET 2: NAVY YARD CORPORATE CENTER
CITY: PHILADELPHIA
STATE: PA
ZIP: 19112
BUSINESS PHONE: 215-546-5005
MAIL ADDRESS:
STREET 1: ONE CRESCENT DRIVE, SUITE 203
STREET 2: NAVY YARD CORPORATE CENTER
CITY: PHILADELPHIA
STATE: PA
ZIP: 19112
FORMER COMPANY:
FORMER CONFORMED NAME: RESOURCE AMERICA INC
DATE OF NAME CHANGE: 20061214
FORMER COMPANY:
FORMER CONFORMED NAME: RESOURCE AMERICA LLC
DATE OF NAME CHANGE: 20060928
FORMER COMPANY:
FORMER CONFORMED NAME: RESOURCE AMERICA INC
DATE OF NAME CHANGE: 19920703
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: COOPERMAN LEON G
CENTRAL INDEX KEY: 0000898382
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
MAIL ADDRESS:
STREET 1: 2700 NORTH MILITARY TRAIL
STREET 2: SUITE 230
CITY: BOCA RATON
STATE: FL
ZIP: 33301
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>rexi-13g1_lgc2013.txt
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
RESOURCE AMERICA, INC.
------------------------------------------------------------------
(Name of Issuer)
Common Stock
------------------------------------------------------------------
(Title of Class of Securities)
761195205
------------------------------------------------------------------
(CUSIP Number)
December 31, 2012
------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
------------------
* 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 the disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
CUSIP No. 761195205
1. Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
(entities only):
LEON G. COOPERMAN
----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
-----------------------------------------------------------------
3. SEC Use Only
-----------------------------------------------------------------
4. Citizenship or Place of Organization:
UNITED STATES
-----------------------------------------------------------------
Number of 5. Sole Voting Power: 2,442,151
Shares Bene-
ficially 6. Shared Voting Power -0-
Owned by
Each Report- 7. Sole Dispositive Power: 2,442,151
ing Person
With 8. Shared Dispositive Power -0-
-----------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,442,151 (this includes warrants for 1,029,412 Shares)
-----------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
-----------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9): 11.6 %
-----------------------------------------------------------------
12. Type of Reporting Person: IN
-----------------------------------------------------------------
2
<PAGE>
CUSIP No. 761195205
---------
1. Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons
(entities only):
OMEGA CHARITABLE PARTNERSHIP, LP
Tax ID: 45-5226952
----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
-----------------------------------------------------------------
3. SEC Use Only
-----------------------------------------------------------------
4. Citizenship or Place of Organization: Cayman Islands
-----------------------------------------------------------------
Number of 5. Sole Voting Power: 1,191,733
Shares Bene-
ficially 6. Shared Voting Power -0-
Owned by
Each Report- 7. Sole Dispositive Power: 1,191,733
ing Person
With 8. Shared Dispositive Power -0-
-----------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,191,733
-----------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
-----------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9): 6.0%
-----------------------------------------------------------------
12. Type of Reporting Person: IN
3
<PAGE>
CUSIP No. 761195205
---------
Item 1(a) Name of Issuer:
RESOURCE AMERICA, INC. (the "Issuer").
Item 1(b) Address of the Issuer's Principal Executive Offices:
One Crescent Drive, Suite 203
Philadelphia PA 19112
Item 2(a) Name of Persons Filing:
1) LEON G. COOPERMAN ("Mr. Cooperman").
2) OMEGA CHARITABLE PARTNERSHIP, LP ("Omega Partnership")
Mr. Cooperman is, among other activities, an investor engaged in investing
for his own account. Mr. Cooperman has an adult son named Michael S. Cooperman.
Mr. Cooperman has investment authority over Omega Partnership's and Michael S.
Cooperman's accounts. Mr. Cooperman is the Managing Member of Omega Associates,
L.L.C.("Associates"), a limited liability company organized under the laws of
the State of Delaware. Associates is a private investment firm formed to invest
in and act as general partner of investment partnerships or similar investment
vehicles. Associates is the general partner of Omega Partnership, an exempt
limited partnership organized in the Cayman Islands. Mr. Cooperman, for purpose
of the federal securities laws, may be deemed to control Omega Partnership. This
Statement is filed by Mr. Cooperman on his behalf and on behalf of Omega
Partnership pursuant to Rule 13d-1(k).
Item 2(b) Address of Principal Business Office or, if None, Residence:
The address of the principal business office of Mr. Cooperman is 2700 North
Military Trail, Suite 230, Boca Raton FL 33431.The address of the principal
business office of Omega Partnership is 88 Pine Street,Wall Street Plaza - 31st
Floor, New York, New York 10005.
Item 2(c) Citizenship:
Mr. Cooperman is a United States citizen. Omega Partnership is an exempt
limited partnership organized in the Cayman Islands.
Item 2(d) Title of Class of Securities: Common Stock (the "Shares")
Item 2(e) CUSIP Number: 761195205
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c):
This Item 3 is not applicable.
Item 4. Ownership:
4
<PAGE>
CUSIP No. 761195205
---------
Item 4(a)(b) Amount Beneficially Owned and Percent of Class:
Mr. Cooperman may be deemed the beneficial owner of 2,442,151 Shares which
constitutes approximately 11.6 % of the total number of Shares outstanding. This
is based on the Company's Form 10-Q for the quarter ended September 30, 2012
which reflected 19,978,423 Shares outstanding and the warrants owned by Mr.
Cooperman. Omega Partnership may be deemed the beneficial owner of 1,191,733
Shares which constitutes approximately 6.0 % of the total number of Shares
outstanding.This is based on the Company's Form 10-Q for the quarter ended
September 30, 2012 which reflected 19,978,423 Shares outstanding.
This consists of 1,191,733 Shares owned by Omega Partnership; 221,006
Shares owned by Michael S. Cooperman; and 1,029,412 Warrants (convertible into
1,029,412 Shares) owned by Mr.Cooperman.
Item 4(c)
The information contained in Items 5-11 on the cover pages is incorporated
herein by reference.The filing of this Statement shall NOT be construed as an
admission that the persons filing are beneficial owners of the Shares for any
purpose, including for purposes of Section 13, 14 or 16 of the Act.
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
This Item 7 is not applicable.
5
<PAGE>
CUSIP No. 761195205
---------
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
Issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
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: February 8, 2013 as of December 31,2012
LEON G. COOPERMAN, individually
BY:/s/ Alan M. Stark
Attorney-in-Fact
Power of Attorney on file
Omega Charitable Partnership, L.P.
By: Omega Associates, L.L.C.
By: Leon G. Cooperman
By: /s/Alan M. Stark
Attorney-in-Fact
Power of Attorney on file
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) and POWER OF ATTORNEY
The undersigned persons hereby agree that reports on Schedule 13G, and
amendments thereto, with respect to the Common Stock of Resource America, Inc.
may be filed in a single statement on behalf of each of such persons, and
further, each of such persons designates Alan M. Stark as his/its agent and
Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings
required to be made by it with the Securities and Exchange Commission.
DATED: February 8, 2013 as of December 31,2012
By: /s/ LEON G. COOPERMAN
DATED: February 8, 2013 as of December 31,2012
Omega Charitable Partnership, L.P.
By: /s/Omega Associates, L.L.C.
/s/ LEON G. COOPERMAN
Managing Member
6
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>