-----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, RmzYFk9V1hcTh29qBKnBxR/8jPtTOgHS07Z+6ZOhwc7AjKrdZ//Hxv+oaujRPScC HLWAiip+ML/HornLuoCnzQ== 0000932799-98-000034.txt : 19980227 0000932799-98-000034.hdr.sgml : 19980227 ACCESSION NUMBER: 0000932799-98-000034 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980226 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ABC RAIL PRODUCTS CORP CENTRAL INDEX KEY: 0000913364 STANDARD INDUSTRIAL CLASSIFICATION: METAL FORGING & STAMPINGS [3460] IRS NUMBER: 363499749 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-44085 FILM NUMBER: 98549888 BUSINESS ADDRESS: STREET 1: 200 S MICHIGAN AVE STREET 2: STE 1300 CITY: CHICAGO STATE: IL ZIP: 60604-2402 BUSINESS PHONE: 3123220360 MAIL ADDRESS: STREET 1: 200 S MICHIGAN AVE STREET 2: 200 S MICHIGAN AVE CITY: CHICAGO STATE: IL ZIP: 60604 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DORCHESTER PARTNERS L P CENTRAL INDEX KEY: 0000946097 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954341963 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1999 AVE OF THE STARS STREET 2: SUITE 1950 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3102017795 MAIL ADDRESS: STREET 1: 1999 AVE OF THE STARS STREET 2: SUITE 1950 CITY: LOS ANGELES STATE: CA ZIP: 90067 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 1) Under the Securities Exchange Act of 1934 ABC RAIL PRODUCTS CORPORATION (Name of Issuer) Common Stock, Par Value, $0.01 Per Share (Title of Class of Securities) 000752105 (CUSIP Number) Michael J. Halpern 1999 Avenue of the Stars, Suite 1950 Los Angeles, California 90067 (310) 201-7795 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 23, 1998 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13-d-1(b)(3) or (4), check the following box [ ]. Page 1 of 7 Pages SCHEDULE 13D - ------------------- ----------------- CUSIP No. 000752105 Page 2 of 7 Pages - ------------------- ------------------ ============================================================================== 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dorchester Partners, L.P. - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------------------- 8 SHARED VOTING POWER 360,000 - ----------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 360,000 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 360,000 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ============================================================================== SCHEDULE 13D - ------------------- ----------------- CUSIP No. 000752105 Page 3 of 7 Pages - ------------------- ----------------- ============================================================================== 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dorchester Advisors, Inc. - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------------------- 8 SHARED VOTING POWER 360,000 - ----------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 360,000 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 360,000 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ============================================================================== SCHEDULE 13D - ------------------- ----------------- CUSIP No. 000752105 Page 4 of 7 Pages - ------------------- ----------------- ============================================================================== 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael J. Halpern - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------------------- 7 SOLE VOTING POWER 16,800 - ----------------------------------------------------------------------------- 8 SHARED VOTING POWER 360,000 - ----------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 16,800 - ----------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 360,000 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 376,800 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.2% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ============================================================================== Page 5 of 7 Pages SCHEDULE 13D This Amendment No. 1 to Schedule 13D is filed by (i) Dorchester Partners, L.P., a Delaware limited partnership ("Partners"), (ii) Dorchester Advisors, Inc., a California corporation ("Advisors"), and (iii) Michael J. Halpern, an individual ("Halpern"), (collectively, the "Reporting Persons") and amends the Schedule 13D filed on October 3, 1997. Item 5. Interest in Securities of the Issuer (a) As of the close of business on February 23, 1998, the Reporting Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to own beneficially in the aggregate the number and percentage of the Issuer's Common Stock set forth opposite their names below (based upon the number of Shares that were reported to be outstanding in the Issuer's Form 10-Q as of January 31, 1998).
============================================================================== Name Shares of Common Stock Percentage - ----------------------------------------------------------------------------- Partners 360,000 4.0% - ----------------------------------------------------------------------------- Advisors(1) 360,000 4.0% - ----------------------------------------------------------------------------- Halpern(2) 376,800 4.2% - ----------------------------------------------------------------------------- - ------------
(1) By virtue of its position as the general partner of Partners, Advisors may be deemed to beneficially own the shares of Common Stock held by Partners. (2) The Managed Account is the direct, beneficial owner of 16,800 Shares of Common Stock, which constitutes .2% of the outstanding Shares of Common Stock. Halpern does not directly own any Common Stock, but, by virtue of his control over the investment and voting decisions of Advisors (and therefore, Partners) and the Managed Account, Halpern may be deemed to own beneficially the Shares held by Partners and the Managed Account. (c) The following table sets forth the transactions effected by each of the Reporting Persons listed in Item 5(a) during the past sixty days. Unless otherwise noted, each of the transactions set forth below reflects a purchase effected by means of over-the-counter trading. Page 6 of 7 Pages
============================================================================== Trade Date Price Per Share Partners Managed Account - ----------------------------------------------------------------------------- 12/19/97 21.0000 0 4,000 - ----------------------------------------------------------------------------- 12/19/97 21.4000 0 2,500 - ----------------------------------------------------------------------------- 01/12/98 18.2500 0 2,500 - ----------------------------------------------------------------------------- 01/12/98 18.6667 0 3,000 - ----------------------------------------------------------------------------- 01/21/98 18.0000 1,000(1) 0 - ----------------------------------------------------------------------------- 02/02/98 18.7500 0 3,000 - ----------------------------------------------------------------------------- 02/05/98 17.7500 1,000(1) 0 - ----------------------------------------------------------------------------- 02/06/98 18.2500 0 1,000 - ----------------------------------------------------------------------------- 02/09/98 18.3750 0 1,000 - ----------------------------------------------------------------------------- 02/10/98 19.0000 0 1,100 - ----------------------------------------------------------------------------- 02/11/98 19.4375 10,000(1) 0 - ----------------------------------------------------------------------------- 02/12/98 19.7500 1,200(1) 0 - ----------------------------------------------------------------------------- 02/12/98 19.4375 10,000(1) 0 - ----------------------------------------------------------------------------- 02/12/98 19.7500 0 1,000 - ----------------------------------------------------------------------------- 02/17/98 19.7500 10,000(1) 0 - ----------------------------------------------------------------------------- 02/18/98 19.1250 800 700 - ----------------------------------------------------------------------------- 02/18/98 18.8750 22,000(1) 0 - ----------------------------------------------------------------------------- 02/23/98 19.0000 66,900(1) 3,100(1) - ----------------------------------------------------------------------------- 02/24/98 19.5000 19,100(1) 900(1) - ----------------------------------------------------------------------------- - ----------
(1) Reflects a sale. (e) On February 23, 1998, the Reporting Person, in the aggregate, ceased to be the beneficial owners of five percent or more of the Issuer's Common Stock. This Amendment No. 1 is therefore, a final filing. Page 7 of 7 Pages After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: February 26, 1998 DORCHESTER ADVISORS, INC. By: ---------------------------------- Michael J. Halpern President DORCHESTER PARTNERS, L.P. By: DORCHESTER ADVISORS, INC. as General Partner By: ----------------------------------- Michael J. Halpern President - ------------------------------- Michael J. Halpern 114149 Page 7 of 7 Pages After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: February 26, 1998 DORCHESTER ADVISORS, INC. By: /s/ Michael J. Halpern ---------------------------------- Michael J. Halpern President DORCHESTER PARTNERS, L.P. By: DORCHESTER ADVISORS, INC. as General Partner By: /s/ Michael J. Halpern ----------------------------------- Michael J. Halpern President /s/ Michael J. Halpern - ------------------------------- Michael J. Halpern 114149 -----END PRIVACY-ENHANCED MESSAGE-----