-----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, ULD2eXRJ8Y0+5keV6KNDh7ELbrjMLWnCJAix6ML1VpnreMWpp8UOxpT8rCLEl0eT StPFAqiR3/JKpz5nXjpAOA== 0000904853-04-000006.txt : 20040608 0000904853-04-000006.hdr.sgml : 20040608 20040608132712 ACCESSION NUMBER: 0000904853-04-000006 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040608 GROUP MEMBERS: AMSTER TRADING COMPANY GROUP MEMBERS: AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUSTS GROUP MEMBERS: HOWARD AMSTER AND TAMRA F. GOULD CHARITABLE REMIANDER TRUST GROUP MEMBERS: HOWARD M. AMSTER CHARITABLE REMAINDER UNITRUST GROUP MEMBERS: PLEASANT LAKE APTS. CORP. GROUP MEMBERS: PLEASANT LAKE APTS. LTD. PARTNERSHIP GROUP MEMBERS: RAMAT SECURITIES LTD. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMSTER HOWARD CENTRAL INDEX KEY: 0000904853 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 23811 CHABRIN BLVD STREET 2: #200 CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165951047 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA CORP CENTRAL INDEX KEY: 0000096638 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 231462070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38014 FILM NUMBER: 04853431 BUSINESS ADDRESS: STREET 1: P.O. BOX 844 STREET 2: WELSH & MCKEAN ROADS CITY: SPRING HOUSE STATE: PA ZIP: 19477 BUSINESS PHONE: 2154445341 MAIL ADDRESS: STREET 1: C/O WELSH & MCKEAN ROADS STREET 2: P.O. BOX 844 CITY: SPRING HOUSE STATE: PA ZIP: 19477-0844 FORMER COMPANY: FORMER CONFORMED NAME: TSO FINANCIAL CORP DATE OF NAME CHANGE: 19880306 FORMER COMPANY: FORMER CONFORMED NAME: TEACHERS SERVICE ORGANIZATION INC DATE OF NAME CHANGE: 19850812 SC 13D/A 1 advanta.txt United States Securities and Exchange Commission Washington DC 20549 Schedule 13D/A Under the Securities and Exchange Act of 1934 Amendment No. 2 Advanta Corp (Name of Issuer) Class B, Common Stock, $ .01 par value (Title of Class of Securities) 007942204 (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) June 2, 2004 (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 that 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: Schedules filed in paper format shall include a signed Original and five copies of the schedule, including all exhibits. 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. 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 ("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 of a group a) /X/ b) / / 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 394,581 Beneficially Owned By Each Reporting Person With 8 Shared Voting 414,565 9 Sole Dispositive 394,581 10 Shared Dispositive 414,565 11 Aggregate Amount Beneficially owned 725,057 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 4.09 % 14 Type of Reporting Person IN 1 Name of Reporting Person Amster Trading Company 2 If a member of a group a) /X/ b) / / 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure of Legal Proceedings is Required 6 Citizen or Place of Organization USA Number of Shares 7 Sole Voting Beneficially Owned By Each Reporting Person With 8 Shared Voting 349,249 9 Sole Dispositive 10 Shared Dispositive 349,249 11 Aggregate Amount Beneficially owned 249,231 12 Check if Aggregate Amount (11) Excludes Certain shares 13 Percent of Class Represented by amount in row (11) 1.40 % 14 Type of Reporting Person CO 1 Name of Reporting Person Amster Trading Company Charitable Remainder Unitrusts 2 If a member of a group a) /X/ b) / / 3 SEC Use only 4 Source of Funds AF 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 Person With 8 Shared Voting 100,018 9 Sole Dispositive 10 Shared Dispositve 100,018 11 Aggregate Amount Beneficially owned 100,018 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class represented by amount in row (11) .60 % 14 Type of Reporting Person OO 1 Name of Reporting Person Howard Amster & Tamra F. Gould Charitable Remainder Unitrust 2 If a member of a group a) /X/ b) / / 3 SEC Use only 4 Source of Funds AF 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 Person With 8 Shared Voting 31,653 9 Sole Dispositive 10 Shared Dispositive 31,653 11 Aggregate Amount Beneficially owned 31,653 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) .2 % 14 Type of Reporting Person OO 1 Name of Reporting Person Howard M Amster Charitable Remainder Unitrust 2 If a member of a group a) /X/ b) / / 3 SEC Use only 4 Source of Funds AF 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 Person With 8 Shared Voting 7,563 9 Sole Dispositive 10 Shared Dispositive 7,563 11 Aggregate Amount Beneficially owned 7,563 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) .0 % 14 Type of Reporting Person OO 1 Name of Reporting Person Pleasant Lake Apts. Corp 2 If a member of a group a) /X/ b) / / 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 Person With 8 Shared Voting 26,100 9 Sole Dispositive 10 Shared Dispositive 26,100 11 Aggregate Amount Beneficially owned 26,100 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) .15 % 14 Type of Reporting Person CO 1 Name of Reporting Person Pleasant Lake Apts. Limited Partnership 2 If a member of a group a) /X/ b) / / 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 Person With 8 Shared Voting 26,100 9 Sole Dispositive 10 Shared Dispositive 26,100 11 Aggregate Amount Beneficially owned 26,100 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) .15 % 14 Type of Reporting Person PN 1 Name of Reporting Person Ramat Securities Ltd 2 If a member of a group a) /X/ b) / / 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 Person With 8 Shared Voting 55,145 9 Sole Dispositive 10 Shared Dispositive 55,145 11 Aggregate Amount Beneficially owned 55,145 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) .3 % 14 Type of Reporting Person BD There are no changes to the Schedule 13D, except as set forth in this second amendment. Item 2. Identity and Background Tamra F. Gould and Gould Trading Company are no longer reporting persons due to the dissolution of her marriage to Howard Amster. Item 3. Source and Amount of Funds or Other Consideration Howard Amster, in his personal and retirement accounts purchased all Advanta Corp Class B shares with personal funds without borrowing. The total consideration for the purchases on this amendment is $338,380.37 bringing Howard Amster's total investment to $3,765,056.71. Amster Trading Company purchased all Advanta Corp Class B shares with working capital without borrowing. The total consideration for the purchases on this amendment is $289,146.88 bringing Amster Trading Company's total investment to $2,580,339.07. Ramat Securities Ltd purchased all Advanta Corp Class B shares with working capital without borrowing. The total consideration for purchases on this amendment is $78,770 bringing Ramat Securities Ltd.'s total investment to $364,938.37. Item 4 Purpose of Transaction On 6/2/04 the member group ceased to be an owner of 5 % of the Class B shares outstanding. This 13D filing excludes the shares owned by Tamra F. Gould and Gould Trading Company (100% owned corporation of Tamra F. Gould), who are no longer members of this reporting group. Tamra F. Gould is no longer the spouse of Howard Amster; and Mr. Amster disclaims beneficial ownership of such shares. Item 5. Interest in Securities of the Issuer The outstanding Class B shares outstanding of the Issuer is 17,743,762 (as of 5/3/2004) (a)(b) The aggregate amount owned by the Reporting Persons is 864,291 shares or 4.87 % of the outstanding shares. Howard Amster in his own name and individual retirement accounts owns 394,581 shares or 2.22 % of the outstanding shares. Amster Trading Company owns 249,231 shares or 1.40 % of the outstanding shares. Amster Trading Company Charitable Remainder Unitrusts owns 100,018 shares or 0.60 % of the outstanding shares. Howard Amster & Tamra F. Gould Charitable Remainder Unitrust owns 31,653 or 0.2 % of the outstanding shares. Howard M. Charitable Remainder Unitrust owns 7,563 or 0.0 % of the outstanding shares. Pleasant Lake Apts Limited Partnership 26,100 shares or 0.15 % of the outstanding shares. Ramat Securities Ltd owns 55,145 shares or ..3 % of the outstanding shares. c) Description of Transactions All purchases are on the over the counter market as open market transactions except where noted. * Tenants in common distribution to Howard Amster ** Payment in kind income distribution from unitrusts.
Executing Identity Date Shares Price Broker Howard Amster/& his 12/17/01 Buy 4,100 7.05 payment-in-kind** individual retirement 07/08/02 Received 15,400 tenants in common* accounts 12/18/02 Buy 6,637 9.72 payment-in-kind** Howard Amster and 07/08/02 distributed 15,400 to Howard Amster* Tamra F. Gould as tenant in common Howard M Amster 12/17/01 Sold 4,100 7.05 payment-in-kind** Charitable Remainder 12/18/02 Sold 6,637 9.72 payment-in-kind** Unitrust Amster Trading 10/24/01 Buy 5,000 7.90 Bear Stearns Company 10/25/01 Buy 10,000 7.97 Bear Stearns 12/18/02 Buy 17,454 9.72 payment-in-kind** Amster Trading 12/18/02 Sold 17,454 9.72 payment-in-kind** Company Charitable Remainder Unitrusts Ramat Securities Ltd 10/24/01 Buy 1,000 7.90 Bear Stearns 10/24/01 Buy 9,000 7.8744 Bear Stearns
e) Howard Amster, Amster Trading Company, Amster Trading Company Charitable Remainder Unitrusts, Howard Amster & Tamra F. Gould Charitable Remainder Unitrust, Howard M Amster Charitable Remainder Unitrust, Pleasant Lake Apts. Corp., Pleasant Lake Apts. Limited Partnership, Ramat Securities Ltd. cease to be beneficial owners of more than 5 % of Advanta Corp. Class B common shares on June 2, 2004. Signature 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. Date: June 8, 2004 /s/ Howard Amster /s/ Amster Trading Company By: Howard Amster Title: President /s/ Amster Trading Company Charitable Remainder Unitrusts By: Howard Amster Title: Trustee /s/ Howard Amster & Tamra F. Gould Charitable Remainder Unitrust By: Howard Amster Title: Trustee /s/ Howard M Amster Charitable Remainder Unitrust By: Howard Amster Title: Trustee /s/ Pleasant Lake Apts. Corp. By: Howard Amster Title: President /s/ Pleasant Lake Apts. Limited Partnership By: Howard Amster Title: President /s/ Ramat Securities Ltd By: David Zlatin Title: Securities Principal
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