-----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, WFaszP3fk1prUC6I1p8uM1xTFEoK52/FUdQ+WEhfGqg755r9vOm2q3s/idRzvHsj SzFKzhSRrO+mZJaPkNJLJw== 0000904853-01-500004.txt : 20010123 0000904853-01-500004.hdr.sgml : 20010123 ACCESSION NUMBER: 0000904853-01-500004 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010116 GROUP MEMBERS: AMSTER HOWARD GROUP MEMBERS: GOULD TRADING COMPANY GROUP MEMBERS: PLEASANT LAKE APTS. CORP. GROUP MEMBERS: PLEASANT LAKE APTS. LTD. PART. GROUP MEMBERS: RAMAT SECURITIES LTD. GROUP MEMBERS: TAMRA F. GOULD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRIME RETAIL INC/BD/ CENTRAL INDEX KEY: 0000911708 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 382559212 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-43463 FILM NUMBER: 1508668 BUSINESS ADDRESS: STREET 1: 100 E PRATT ST STREET 2: 1900 FLOOR CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4102340782 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET STREET 2: 1900 FLOOR CITY: BALTIMORE STATE: MD ZIP: 21202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMSTER HOWARD CENTRAL INDEX KEY: 0000904853 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 25812 FAIRMONT BLVD CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165951047 SC 13D 1 prime.txt United States Securities and Exchange Commission Washington, DC 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No.____) Prime Retail Inc. (Name of Issuer) Prime Retail 10.5% Series A Senior Cumulative Preferred Stock $ 0.01 par value (Title of Class of Securities) 741570-20-4 (CUSIP Number) Howard Amster, 23811 Chagrin Blvd., Suite 200 Beachwood, OH 44122-5525 (216) 595-1047 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 8, 2001 (Date of Event Which Requires Filing of this Statement) If this filing person has previously filed a statement on Schedule 13G to report this acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b) (3) or (4), check the following box / /. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. This 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 ("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 Person Howard Amster 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure of Legal Proceedings is Required 6 Citizenship or Place of Organization USA Number of Shares 7 Sole Voting 27,700 Beneficially Owned By Each 8 Shared Voting Reporting Person With 9 Sole Dispositive 27,700 10 Shared Dispositive 11 Aggregate Amount Beneficially owned 131,200 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 5.70% 14 Type of Reporting Person IN 1 Name of Reporting Person Tamra F. Gould 2 If a member group a) / / b) /X/ 3 SEC use only 4 Source of Funds PF 5 Check if Disclosure of Legal Proceedings 6 Citizenship or Place of Organization USA Number of Shares 7 Sole Voting 17,100 Beneficially Owned By Each Reporting 8 Shared Voting 10,000 Person With 9 Sole Dispositive 17,100 10 Shared Dispositive 10,000 11 Aggregate Amount Beneficially owned 27,100 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 1.18% 14 Type of Reporting Person IN 1 Name of Reporting Person Gould Trading Company 2 If a member group a) / / b) /X/ 3 SEC use only 4 Source of Funds WC 5 Check if disclosure of Legal Proceedings 6 Citizenship or Place of Organization USA Number of Shares 7 Sole Voting Beneficially owned By Each Reporting 8 Shared Voting 10,000 Person With 9 Sole Dispositive 10 Shared Dispositive 10,000 11 Aggregate Amount Beneficially owned 10,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.435% 14 Type of Reporting Person CO 1 Name of Reporting Person Pleasant Lake Apts Corp 2 If a member group a) / / b) /X/ 3 SEC use only 4 Source of Funds WO 5 Check if Disclosure of Legal Proceedings is Required 6 Citizenship or Place of Organization USA Number of Shares 7 Sole Voting Beneficially Owned By Each Reporting 8 Shared Voting 10,000 Person With 9 Sole Dispositive 10 Shared Dispositive 10,000 11 Aggregate Amount Beneficially owned 10,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.435% 14 Type of Reporting Person CO 1 Name of Reporting Person Pleasant Lake Apts Limited Partnership 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds OO 5 Check if Disclosure of Legal Proceedings is Required 6 Citizenship or Place of Organization USA Number of Shares 7 Sole Voting Beneficially Owned By Each Reporting 8 Shared Voting 10,000 Person With 9 Sole Dispositive 10 Shared Dispositive 10,000 11 Aggregate Amount Beneficially owned 10,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class represented by amount in row (11) 0.435% 14 Type of Reporting Person PN 1 Name of Reporting Person Ramat Securities Ltd 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure of Legal Proceedings is Required 6 Citizenship or Place of Organization USA Number of Shares 7 Sole Voting Beneficially Owned By Each Reporting 8 Shared Voting 103,500 Person With 9 Sole Dispositive 10 Shared Dispositive 103,500 11 Aggregate Amount Beneficially owned 103,500 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 4.5 % 14 Type of Reporting Person BD Item 1 Security and Issuer Prime Retail 10.5% Series A Senior Cumulative Preferred Stock CUSIP 741570-20-4 Prime Retail, Inc. 100 East Pratt Street, 19th Floor Baltimore, Maryland 21202 (410) 234-0782 Item 2 Identity and Background Howard Amster and Tamra F. Gould are husband and wife. Each has independent assets and each disclaims any beneficial ownership in the other's assets. Howard Amster is a 100% owner of Pleasant Lake Apts. Corp. and as such can be deemed the beneficial owner of such entity and maybe deemed to have shared voting and dispositive power over shares owned by Pleasant Lake Apts. Corp. Pleasant Lake Apts. Corp is the General Partner of Pleasant Lake Apts. Limited Partnership. Howard Amster is an 83% owner of Ramat Securities Ltd. Howard Amster can be deemed to be a beneficial owner of any securities owned by Ramat Securities Ltd. Mr. Amster does not control the voting or dispositive power of any securities owned by Ramat Securities Ltd. David Zlatin is a 17% owner of Ramat Securities Ltd. David Zlatin has sole voting and dispositive power of any securities owned by Ramat Securities Ltd. David Zlatin can by reason of his ownership in Ramat Securities Ltd can be deemed beneficial owner of any securities owned by Ramat Securities Ltd. David Zlatin can be deemed to be the beneficial owner of 8,518 shares. David Zlatin disclaims being a member of this group and therefore, such 8,518 shares are not included in this filing. Tamra F. Gould is a 100% owner of Gould Trading Company and as such can be deemed the beneficial owner of such entity and maybe deemed to have shared voting and dispositive power over shares owned by Gould Trading Company. a) Howard Amster b) 25812 Fairmount Blvd, Beachwood, OH 44122-2214 c) Present principal occupation-Principal, Ramat Securities Ltd, securities firm- 23811 Chagrin Blvd #200, Beachwood, OH 44122-5525 d) Howard Amster has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Howard Amster has not been party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. a) Tamra F. Gould b) 25812 Fairmount Blvd, Beachwood, OH 44122-2214 c) Present principal occupation-Securities Trader, Tamar Securities, Broker Dealer, 23811 Chagrin Blvd #200, Beachwood, OH 44122-5525 d) Tamra F. Gould has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors if any) within the last five years. e) Tamra F. Gould has not been a party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Gould Trading Company, 25812 Fairmount Blvd, Beachwood, OH 44122 Investments d) Neither the officers, directors or shareholders of Gould Trading Company have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or shareholders of Gould Trading Company have been a party to any civil proceedings of a judicial or administrative body of competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. Pleasant Lake Apts. Corp., 25812 Fairmount Blvd, Beachwood, OH 44122 Investments d) Neither the officers, directors or shareholders of Pleasant Lake Apts. Corp have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or shareholders of Pleasant Lake Apts. Corp have been a party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Pleasant Lake Apts. Limited Partnership, 7530 Lucerne Dr #101 Middleburg Heights, OH 44130 Investments d) Neither the officer, directors or partners of Pleasant Lake Apts. Limited Partnership have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or partners of Pleasant Lake Apts. Limited Partnership have been a party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Ramat Securities Ltd, 23811 Chagrin Blvd #200, Beachwood, OH 44122 Broker Dealer d) Neither the members or unitholders of Ramat Securities Ltd have been convicted in any criminal proceedings (excluding the traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the members or unitholders of Ramat Securities Ltd have been a party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. a) David Zlatin b) 23811 Chagrin Blvd, #200, Beachwood, OH 44122-5525 c) Present principal occupation-Principal, Ramat Securities Ltd securities firm-23811 Chagrin Blvd #200, Beachwood, OH 44122-5525 d) David Zlatin has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) David Zlatin has not been party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Item 3 Source and Amount of Funds or Other Consideration Howard Amster, in his retirement accounts purchased all Prime Retail 10.5% Series A Preferred Stock with personal funds without borrowing. The total consideration for the purchases is $ 364,837.45. Tamra F. Gould in her retirement accounts purchased all Prime Retail 10.5% Series A Preferred Stock with personal funds without borrowing. The total consideration for the purchases is $ 331,643.54. Gould Trading Company purchased all Prime Retail 10.5% Series A Preferred Stock with working capital without borrowing. The total consideration of the purchases is $ 140,281.50. Pleasant Lake Apts. Limited Partnership purchased all Prime Retail 10.5% Series A Preferred Stock with partnership funds without borrowing. The total consideration of the purchases is $ 136,657.00 Ramat Securities Ltd purchased all Prime Retail 10.5% Series A Preferred Stock with working capital without borrowing. The total consideration of the purchases is $ 865,617.64. Item 4 Purpose of Transaction Howard Amster, Tamra F. Gould, Gould Trading Company, Pleasant Lake Apts. Limited Partnership, & Ramat Securities Ltd acquired their shares for purposes of investment. Mr. Amster has asked to be a director nominee of Prime Retail Inc. Mr. Amster has no plans or proposals for management of the issuer. There are no present plans or proposals by any of the purchasers of record or the beneficial owners as reported in this Schedule 13D which relate to or would result in the following except as noted above; a The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer provided, however, the reporting person might acquire additional shares or other securities of the issuer or dispose of some or all of their shares depending upon market conditions and their personal circumstances; b An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; c A sale or transfer or a material amount of assets of the issuer or any of its subsidiaries; d Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number of terms of directors or fill any existing vacancies on the board other than set forth in above; e Any material change in the present capitalization or dividend policy of the issuer; f Any other material in the issuer's business or corporate structure; g Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; h Causing a class of securities of the issuer to be delisted from a national securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; i A class of equity securities of the issuer becoming eligible for Termination of registration pursuant to Section 12(g)(4) of the Act; or j Any action similar to any of those enumerated above. Item 5 Interest in Securities of the Issuer (a)(b) The aggregate amount owned by the Reporting Persons is 168,300 Class A shares or 7.31% of the outstanding Class A shares. In addition, the aggregate amount owned by the Reporting Persons is 1,080,005 Class B shares or 13.7965% of the outstanding Class B shares and 813,674 common shares or 1.867% of the outstanding common shares. Howard Amster and in his retirement accounts owns 27,700 Class A shares or 1.2% of the Class A outstanding shares. In addition, Howard Amster and in his retirement accounts owns 917,025 Class B shares or 11.7145% of the Class B outstanding shares and 427,257 common shares or .981% of the outstanding common shares. Tamra F. Gould in her retirement accounts owns 17,100 Class A shares or 0.74% of the Class A outstanding shares. Gould Trading Company owns 10,000 Class A shares or 0.435% of the outstanding Class A shares. In addition, Gould Trading Company owns 19,760 Class B shares or .2524% of the outstanding Class B shares. Pleasant Lake Apts. Limited Partnership owns 10,000 Class A shares or 0.435% of the outstanding Class A shares. In addition, Pleasant Lake Apts. Limited Partnership owns 17,984 common shares or .041% of the outstanding common shares. Ramat Securities Ltd owns 103,500 Class A shares or 4.5 % of the outstanding Class A shares. In addition, Ramat Securities Ltd owns 82,300 Class B shares or 1.0513% of the outstanding Class B shares and 175,200 common shares or .4% of the common shares outstanding. David Zlatin is a 17% owner of Ramat Securities Ltd but disclaims being personally part of the group as described in Item 2. Howard M Amster Charitable Remainder Unitrust owns 58,000 Class B shares or .741% of the outstanding Class B shares. Amster Limited Partnership owns 2,750 Class B shares or .0351% of the outstanding Class B shares. In addition, Amster Limited Partnership owns 8,978 common shares or .021% of the outstanding common shares. Pleasant Lakes Apts Corp owns 170 shares or .0022% of the Class B shares. In addition Pleasant Lakes Apts Corp owns 507 common shares or .001% of the outstanding common shares. Amster Trading Company Charitable Remainder Unitrust owns 126,523 common shares or .29% of the outstanding common shares. Howard Amster and Tamra F. Gould Charitable Remainder Unitrust owns 49,225 common shares or .113% of the outstanding common shares. The Estate of Sonia K. Amster owns 8,000 common shares or .02% of the outstanding common shares. Refer to the 13D and amendment filings for the Prime Retail Class B shares. (c) Trades executed on the NYSE as open market transactions.
Shares Executing Identity Date Bought Price Broker Howard Amster/ 12/15/99 2,000 13.625 First Union Retirement Accts 01/14/00 2,000 15.375 First Union 01/18/00 17,500 12.7679 Bear Stearns 01/19/00 4,000 12.9375 First Union 01/26/00 2,000 14.0625 First Union 01/27/00 200 14.0625 First Union Tamra F. Gould/ 07/13/95 5,000 19.00 Everen Sec Retirement Accts 09/20/95 5,000 19.50 Everen Sec 11/21/95 7,100 19.50 Everen Sec Gould Trading 01/21/00 5,500 14.034 First Union Company 01/24/00 4,500 13.916 First Union Pleasant Lake Apts. 12/15/99 10,000 13.625 First Union Ltd. Partnership Ramat Securities 12/15/99 13,000 13.7308 Bear Stearns Ltd. 11/09/00 9,000 4.25 Bear Stearns 11/15/00 1,000 6.00 Bear Stearns 11/16/00 1,500 6.25 Bear Stearns 11/17/00 500 6.375 Bear Stearns 12/26/00 3,800 6.4373 Bear Stearns 12/27/00 2,000 6.75 Bear Stearns 12/28/00 8,700 6.9425 Bear Stearns 01/03/01 10,000 7.9913 Bear Stearns 01/08/01 40,000 8.3383 Bear Stearns 01/12/01 14,000 8.456 Bear Stearns
Item 6 Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. There are no contracts, arrangements, understandings or relationships with respect to securities of the issuer with any person except as set forth in items 2, 3, 5 above. Item 7 Material to be filed as exhibits. None Signature After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in statement is true, complete and correct. Date 01/16/01 Howard Amster Tamra F. Gould Gould Trading Company Pleasant Lake Apts. Corp Pleasant Lake Apts. Ltd Partnership Ramat Securities Ltd
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