FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
AMERITRANS CAPITAL CORP [ AMTC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/02/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock, $.0001 par value | 08/02/2011 | J(1) | V | 1,333 | A | $0 | 134,813 | D | ||
Common Stock, $.0001 par value | 08/18/2011 | G(2)(4) | V | 1,000 | D | $0 | 11,937 | I | See footnotes(5)(11) | |
Common Stock, $.0001 par value | 08/18/2011 | J(3) | V | 4,000 | A | $0 | 138,813 | D | ||
9 3/8% Cumulative Participating Redeemable Preferred Stock | 08/18/2011 | J(3) | V | 600 | A | $0 | 3,678 | D(5)(9) | ||
9 3/8% Cumulative Participating Redeemable Preferred Stock | 08/18/2011 | G(2) | V | 1,000 | D | $0 | 0 | I | See footnotes(5)(11) | |
9 3/8% Cumulative Participating Redeemable Preferred Stock | 09/22/2011 | G(4) | V | 600 | D | $0 | 3,078 | D(5)(9) | ||
Common Stock, $.0001 par value | 16,900 | I | See footnotes(5)(6) | |||||||
Common Stock, $.0001 par value | 261 | I | See footnotes(5)(7) | |||||||
Common Stock, $.0001 par value | 78,584 | I | See footnotes(5)(8) | |||||||
Common Stock, $.0001 par value | 71,979 | I | See footnotes(5)(9) | |||||||
Common Stock, $.0001 par value | 6,000 | I | See footnotes(5)(10) | |||||||
9 3/8% Cumulative Participating Redeemable Preferred Stock | 500 | I | See footnotes(5)(8) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. On July 29, 2011 and August 2, 2011, the 4,000 shares of the issuer's common stock previously reported as being held indirectly by the reporting person through the Jeannette Granoff Trust U/A DTD 4/19/94 (the "1994 Trust") were distributed from the 1994 Trust in accordance with its terms. On August 2, 2011, 1,333 of such shares were transferred to the reporting person and are now held by the reporting person directly. The reporting person previously disclaimed beneficial ownership of the 4,000 shares held by the 1994 Trust except to the extent of his pecuniary interest therein. On July 29, 2011 and August 2, 2011, 2,667 of the shares held by the 1994 Trust (in which the reporting person had no pecuniary interest) were transferred to the reporting person's brothers, who do not share the reporting person's household. |
2. On August 18,2011, the reporting person's spouse transferred 1,000 shares of common stock and 1,000 shares of Preferred Stock to the reporting person's adult son, who does not share the reporting person's household. |
3. On July 29, 2011, August 1, 2011, August 12, 2011 and August 18, 2011, the 12,000 shares of common stock and 1,800 shares of 9 3/8% Cumulative Participating Redeemable Preferred Stock ("Preferred Stock") previously held by J&H Associates Ltd. Pts ("J&H") were distributed by J&H to its partners in connection with the liquidation of J&H pursuant to its partnership agreement. On August 18, 2011, J&H distributed 4,000 shares of common stock and 600 shares of Preferred Stock to the reporting person and such shares are now held by the reporting person directly. The reporting person previously disclaimed beneficial ownership of the common stock and preferred stock held by J&H except to the extent of his pecuniary interest therein. On July 29, 2011, August 1, 2011 and August 12, 2011, J&H distributed an aggregate of 8,000 shares of common stock and 1,200 shares of Preferred Stock in which the reporting person had no pecuniary interest |
4. This transaction involved a bona fide gift for no consideration of securities by the reporting person to his adult son, who does not share the reporting person's household. |
5. The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein as determined in accordance with Rule 16a-2(a)(2) promulgated under the Securities Exchange Act of 1934, as amended. |
6. These shares are held by the Granoff Family Foundation, a charitable foundation of which the reporting person and his two brothers serve as trustees. |
7. These shares are held by GCG Associates Inc., a corporation controlled by the reporting person. |
8. These shares are held by DAPARY Management Corp., a corporation controlled by the reporting person. |
9. These shares are held in the reporting person's IRA or pension accounts, except for the 600 shares of Preferred Stocked acquired on August 18, 2011 and disposed of on September 22, 2011 in the transactions reported herein, which were not held in IRA or pension accounts. |
10. These shares are held in an irrevocable qualified subschapter S trust for the benefit of the reporting person's son, of which the reporting person is the trustee. |
11. These shares are held by Leslie Granoff, the reporting person's wife. |
/s/ Gary C. Granoff | 10/05/2011 | |
** Signature of Reporting Person | Date | |
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, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |