-----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, QJ1uX0OG5uAoKwA/hhdPrVy+73uUwJL2/EWHPgrf8/3dcFXs/Gw33a1rHUY+aDdC txUf192HZxpL3dIAqJnXew== 0001005477-97-000386.txt : 19970222 0001005477-97-000386.hdr.sgml : 19970222 ACCESSION NUMBER: 0001005477-97-000386 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970214 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVALON PROPERTIES INC CENTRAL INDEX KEY: 0000911536 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 061379111 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45435 FILM NUMBER: 97534728 BUSINESS ADDRESS: STREET 1: 15 RIVER ROAD STREET 2: SUITE 210 CITY: WILTON STATE: CT ZIP: 06897 BUSINESS PHONE: 2037616500 MAIL ADDRESS: STREET 1: 15 RIVER ROAD STREET 2: SUITE 210 CITY: WILTON STATE: CT ZIP: 06897 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LASALLE ADVISORS LP ET AL CENTRAL INDEX KEY: 0000938417 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363637257 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STEET CITY: BALTIMORE STATE: MD ZIP: 21202 MAIL ADDRESS: STREET 2: 100 EAST PRATT ST CITY: BALTIMORE STATE: MD ZIP: 21202 SC 13G/A 1 SCHEDULE 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13G (Rule 13d-102) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1 )* Avalon Properties, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 053469102 - -------------------------------------------------------------------------------- (CUSIP Number) - ---------- * 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 disclosures provided in a prior cover page. The 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 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). SCHEDULE 13G CUSIP No. 053469102 - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person LaSalle Advisors Limited Partnership 36-3637257 - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 594,950 Beneficially -------------------------------------------------------- Owned By 6 Shared Voting Power Each Reporting 215,878 Person -------------------------------------------------------- With 7 Sole Dispositive Power 594,950 -------------------------------------------------------- 8 Shared Dispositive Power 586,678 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,181,628 - -------------------------------------------------------------------------------- 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |X| Excludes shares beneficially owned by ABKB/LaSalle Securities Limited Parnership, see page 3. - -------------------------------------------------------------------------------- 11 Percent of Class Represented By Amount in Row (9) 3.84% - -------------------------------------------------------------------------------- 12 Type of Reporting Person* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 053469102 - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person ABKS/LaSalle Securities Limited Partnership 36-3991973 - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization Maryland - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 247,400 Beneficially -------------------------------------------------------- Owned By 6 Shared Voting Power Each Reporting 590,005 Person -------------------------------------------------------- With 7 Sole Dispositive Power 247,400 -------------------------------------------------------- 8 Shared Dispositive Power 698,100 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 945,500 - -------------------------------------------------------------------------------- 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented By Amount in Row (9) 3.08% - -------------------------------------------------------------------------------- 12 Type of Reporting Person* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 053469102 - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person William K. Morrill, Jr. ###-##-#### - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |_| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 842,350(1, 2) Beneficially -------------------------------------------------------- Owned By 6 Shared Voting Power Each Reporting 805,883(1, 2) Person -------------------------------------------------------- With 7 Sole Dispositive Power 842,350(1, 2) -------------------------------------------------------- 8 Shared Dispositive Power 1,284,778(1, 2) - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,127,128(1, 2) - -------------------------------------------------------------------------------- 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented By Amount in Row (9) 6.92%(1, 2) - -------------------------------------------------------------------------------- 12 Type of Reporting Person* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 053469102 - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Keith R. Pauley ###-##-#### - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |_| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 842,350(1, 2) Beneficially -------------------------------------------------------- Owned By 6 Shared Voting Power Each Reporting 805,883(1, 2) Person -------------------------------------------------------- With 7 Sole Dispositive Power 842,350(1, 2) -------------------------------------------------------- 8 Shared Dispositive Power 1,284,778(1, 2) - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,127,128(1, 2) - -------------------------------------------------------------------------------- 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented By Amount in Row (9) 6.92%(1, 2) - -------------------------------------------------------------------------------- 12 Type of Reporting Person* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. (a) Name of Issuer: Avalon Properties, Inc. (b) Address of Issuer's Principal Executive Offices 11 Burtis Avenue, New Canaan, Connecticut 06840 Item 2. LaSalle Advisors Limited Partnership provides the following information: (a) Name of Person Filing: LaSalle Advisors Limited Partnership (b) Address of Principal Business Office or, if none, Residence 11 South LaSalle Street, Chicago, Illinois 60603 (c) Citizenship: Delaware (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 161739107 ABKB/LaSalle Securities Limited Partnership provides the following information: (a) Name of Person Filing: ABKB/LaSalle Securities Limited Partnership (b) Address of Principal Business Office or, if none, Residence 11 South LaSalle Street, Chicago, Illinois 60603 (c) Citizenship: Maryland (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 053469102 William K. Morrill, Jr. is filing as an employee of both LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides the following information solely because of those relationships: (a) Name of Person Filing: William K. Morrill, Jr. (b) Address of Principal Business Office or, if none, Residence 11 S. LaSalle Street, Chicago, Illinois 60603 (c) Citizenship: United States (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 053469102 Keith R. Pauley is filing as an employee of both LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides the following information solely because of those relationships: (a) Name of Person Filing: Keith R. Pauley (b) Address of Principal Business Office or, if none, Residence 11 S. LaSalle Street, Chicago, Illinois 60603 (c) Citizenship: United States (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 053469102 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) |_| Broker or Dealer registered under Section 15 of the Act (b) |_| Bank as defined in Section 3(a)(6) of the Act (c) |_| Insurance Company as defined in Section 3(a)(19) of the Act (d) |_| Investment Company registered under Section 8 of the Investment Company Act (e) |X|(3) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 (f) |_| Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F) (g) |_| Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G) (Note: See Item 7) (h) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(H) - ----------- (3) This response is provided on behalf of LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership, each an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, and two of their employees, William K. Morrill, Jr. and Keith R. Pauley. Item 4. Ownership If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire. LaSalle Advisors Limited Partnership provides the following information: (a) Amount Beneficially Owned: 1,181,628 (b) Percent of Class: 3.84% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 594,950 (ii) shared power to vote or to direct the vote: 215,878 (iii) sole power to dispose or to direct the disposition of: 594,950 (iv) shared power to dispose or to direct the disposition of: 584,678 ABKB/LaSalle Securities Limited Partnership provides the following information: (a) Amount Beneficially Owned: 945,500 (b) Percent of Class: 3.08% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 247,400 (ii) shared power to vote or to direct the vote: 590,005 (iii) sole power to dispose or to direct the disposition of: 247,400 (iv) shared power to dispose or to direct the disposition of: 698,100 William K. Morrill, Jr. is filing as an employee of both LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides the following information solely because of those relationships: (a) Amount Beneficially Owned: 2,127,128(1,2) (b) Percent of Class: 6.92%(1,2) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 842,350(1,2) (ii) shared power to vote or to direct the vote: 805,883(1,2) (iii) sole power to dispose or to direct the disposition of: 842,350(1,2) (iv) shared power to dispose or to direct the disposition of: 1,284,778(1,2) Keith R. Pauley is filing as an employee of both LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and provides the following information solely because of those relationships: (a) Amount Beneficially Owned: 2,127,128(1,2) (b) Percent of Class: 6.92%(1,2) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 842,350(1,2) (ii) shared power to vote or to direct the vote: 805,883(1,2) (iii) sole power to dispose or to direct the disposition of: 842,350(1,2) (iv) shared power to dispose or to direct the disposition of: 1,284,778(1,2) - --------------------- (1) The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any purpose. (2) These shares represent the same shares previously listed by LaSalle Advisors Limited Partnership and ABKB/LaSalle Securities Limited Partnership and are not cumulative. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following |_|. Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8. Identification and Classification of Members of the Group The two members of the Group are: LaSalle Advisors Limited Partnership ("LaSalle") and ABKB/LaSalle Securities Limited Partnership ("ABKB/LaSalle"). ABKB/LaSalle is a Maryland limited partnership, the limited partner of which is LaSalle and the general partner of which is ABKB/LaSalle Securities, Inc., a Maryland corporation, the sole stockholder of which is LaSalle. LaSalle and ABKB/LaSalle, each registered investment advisers, have different advisory clients. Messrs. William K. Morrill, Jr. and Keith R. Pauley are responsible for the securities investment decisions made by LaSalle and ABKB/LaSalle on behalf of their clients. Item 9. Notice of Dissolution of Group 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 acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes 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. The parties agree that this statement is filed on behalf of each of them. Dated: February 11, 1997 LASALLE ADVISORS LIMITED PARTNERSHIP By: /s/ William K. Morrill, Jr. ---------------------------------- Name: William K. Morrill, Jr. Title: Managing Director ABKB/LASALLE SECURITIES LIMITED PARTNERSHIP By: /s/ William K. Morrill, Jr. ---------------------------------- Name: William K. Morrill, Jr. Title: Managing Director /s/ Keith R. Pauley --------------------------------- Keith R. Pauley /s/ William K. Morrill, Jr. --------------------------------- William K. Morrill, Jr. -----END PRIVACY-ENHANCED MESSAGE-----