-----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, Np6sKIUIMXEpbBYBglGegKpt6ocuwwFyABko+K6bmpmUxrgrbhDpGf2+Aa7VYOuF WAWDTj1UIm7i+FEPFry03g== 0000891836-97-000410.txt : 19970912 0000891836-97-000410.hdr.sgml : 19970912 ACCESSION NUMBER: 0000891836-97-000410 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970828 FILED AS OF DATE: 19970909 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WELLSFORD REAL PROPERTIES INC CENTRAL INDEX KEY: 0001038222 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 133926898 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 001-12917 FILM NUMBER: 97677070 BUSINESS ADDRESS: STREET 1: 610 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2123332300 MAIL ADDRESS: STREET 1: 610 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10020 COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP LP CENTRAL INDEX KEY: 0000904571 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] OWNER IRS NUMBER: 133501777 STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 3 1 FORM 3 FORM 3 ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0104 Expires: September 30, 1998 Estimated average burden hours per response...... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 - -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person*: THE GOLDMAN SACHS GROUP, L.P. - -------------------------------------------------------------------------------- (Last) (First) (Middle) 85 BROAD STREET - -------------------------------------------------------------------------------- (Street) NEW YORK NEW YORK 10004 - -------------------------------------------------------------------------------- (City) (State) (Zip) - -------------------------------------------------------------------------------- 2. Date of Event Requiring Statement (Month/Day/Year): 8/28/97 - -------------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary): - -------------------------------------------------------------------------------- 4. Issuer Name AND Ticker or Trading Symbol: WELLSFORD REAL PROPERTIES, INC. TICKER SYMBOL: WRP - -------------------------------------------------------------------------------- 5. Relationship of Reporting Person(s) to Issuer (Check all applicable): Director X 10% Owner ------- ------- Officer (give title below) Other (specify below) ------- ------- - -------------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year): - -------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line): Form filed by One Reporting Person ------- X Form filed by More than One Reporting Person ------- - -------------------------------------------------------------------------------- TABLE I-- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED 1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect (Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership (Instr. 4) (D) or Indirect (Instr. 5) (I) (Instr. 5) - ----------------------------------------- ------------------------ -------------------- -------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, (Over) see Instruction 5(b)(v). SEC 1473 (7-96) Page 1 of 5 FORM 3 (CONTINUED)
TABLE II-- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of (Instr. 4) Expiration Date Securities Underlying or Exercise Form of Indirect (Month/Day/Year) Derivative Security Price of Derivative Beneficial ----------------------- (Instr. 4) Derivative Security: Ownership Date Expiration --------------------- Security Direct (Instr. 5) Exercisable Date Title Amount or (D) or Number of Indirect (I) Shares (Instr. 5) - ------------------------------- ------------ ----------- ------------- ---------- -------------- ---------------- ----------------- WARRANTS 8/28/97 8/28/02 COMMON STOCK, 4,132,230 (1) (2) (3) PAR VALUE $0.01 PER SHARE - ------------------------------- ------------ ----------- ------------- ---------- -------------- ---------------- ----------------- - ------------------------------- ------------ ----------- ------------- ---------- -------------- ---------------- ----------------- - ------------------------------- ------------ ----------- ------------- ---------- -------------- ---------------- ----------------- - ------------------------------- ------------ ----------- ------------- ---------- -------------- ---------------- -----------------
Explanation of Responses: See page 3 attached hereto. **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. By: (See pages 4 and 5 attached hereto) September 8, 1997 ---------------------------------------- ----------------- See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signatures of Reporting Persons Date
Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. SEC 1473 (7-96) Page 2 of 5 Form 3 Continuation Sheet Designated Filer: The Goldman Sachs Group, L.P. Item 2: 8/28/97 Item 4: Wellsford Real Properties, Inc.; WRP Instruction 5(b)(v): Name and address of other Reporting Persons: This Statement is being filed by WHWEL Real Estate Limited Partnership, WHATR Gen-Par, Inc., Whitehall Street Real Estate Limited Partnership VII, WH Advisors, L.P. VII, WH Advisors, Inc. VII, The Goldman Sachs Group, L.P. and Goldman, Sachs & Co. (collectively, the "Reporting Persons"). The principal business address of each Reporting Person is 85 Broad Street, New York, New York 10004 Explanation of Responses (continued from page 2): (1) The exercise price of each Warrant is, at the sole option of the holder thereof, either (i) one membership unit of Wellsford/Whitehall Properties, L.L.C., a Delaware limited liability company, or (ii) $10.00 in cash; provided that, holders of Warrants may not elect to use membership units of Wellsford/Whitehall as the exercise price prior to August 28, 1999. (2) The Warrants are held directly by WHWEL Real Estate Limited Partnership and indirectly by the other Reporting Persons. (3) As of August 28, 1997 (i) WHWEL Real Estate Limited Partnership beneficially owned 4,132,230 shares of Common Stock, (ii) WHATR Gen-Par, Inc. as the general partner of WHWEL Real Estate Limited Partnership, may be deemed to indirectly beneficially own 4,132,230 shares of Common Stock which are beneficially owned by WHWEL Real Estate Limited Partnership; (iii) Whitehall Street Real Estate Limited Partnership VII, as the direct beneficial owner of all of the capital stock of WHATR Gen-Par, Inc., may be deemed to indirectly beneficially own 4,132,230 shares of Common Stock which are beneficially owned by WHWEL Real Estate Limited Partnership; (iv) WH Advisors, L.P. VII, as the general partner of Whitehall Street Real Estate Limited Partnership VII, may be deemed to indirectly beneficially own 4,132,230 shares of Common Stock which are beneficially owned by WHWEL Real Estate Limited Partnership; (v) WH Advisors, Inc. VII, as the general partner of WH Advisors, L.P. VII, may be deemed to indirectly beneficially own 4,132,230 shares of Common Stock which are beneficially owned by WHWEL Real Estate Limited Partnership; (vi) The Goldman Sachs Group, L.P., as the direct beneficial owner of all of the capital stock of WH Advisors, Inc. VII and one of the general partners of Goldman, Sachs & Co. with an approximately 99% interest in Goldman, Sachs & Co., may be deemed to indirectly own 4,132,230 shares of Common Stock which are beneficially owned by WHWEL Real Estate Limited Partnership; and (vii) Goldman, Sachs & Co., as the investment advisor to Whitehall Street Real Estate Limited Partnership VII, may be deemed to indirectly own 4,132,230 shares of Common Stock which are beneficially owned by WHWEL Real Estate Limited Partnership. Goldman, Sachs & Co. and The Goldman Sachs Group, L.P. each disclaims beneficial ownership of the shares of Common Stock beneficially owned by WHWEL to the extent of partnership interests in WHWEL held by persons other than Goldman, Sachs & Co., The Goldman Sachs Group, L.P. or their affiliates. Page 3 of 5 Form 3 Continuation Sheet Designated Filer: The Goldman Sachs Group, L.P. Item 2: 8/28/97 Item 4: Wellsford Real Properties, Inc.; WRP Signatures: WHWEL REAL ESTATE LIMITED PARTNERSHIP By: WHATR Gen-Par, Inc. By: /s/ Edward M. Siskind -------------------------------------- Name: Edward M. Siskind Title: Vice President WHATR GEN-PAR, INC. By: /s/ Edward M. Siskind ----------------------------------------------- Name: Edward M. Siskind Title: WHITEHALL STREET REAL ESTATE LIMITED PARTNERSHIP VII By: WH Advisors, L.P. VII, General Partner By: WH Advisors, Inc. VII, General Partner By: /s/ Edward M. Siskind -------------------------------------- Name: Edward M. Siskind Title: Vice President WH ADVISORS, L.P. VII By: WH Advisors, Inc. VII, General Partner By: /s/ Edward M. Siskind -------------------------------------- Name: Edward M. Siskind Title: Vice President Page 4 of 5 Form 3 Continuation Sheet Designated Filer: The Goldman Sachs Group, L.P. Item 2: 8/28/97 Item 4: Wellsford Real Properties, Inc.; WRP WH ADVISORS, INC. VII By: /s/ Edward M. Siskind ------------------------------------ Name: Edward M. Siskind Title: Vice President THE GOLDMAN SACHS GROUP, L.P. By: The Goldman Sachs Corporation, General Partner By: /s/ David A. Viniar ------------------------------------------- Name: David A. Viniar Title: Executive Vice President GOLDMAN, SACHS & CO. By: /s/ David A. Viniar --------------------------------------------- Name: David A. Viniar Title: Vice President Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----