SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant to
Rules 13d-1(b),(c)
and (d) and Amendments Thereto Filed Pursuant to
Rule 13d-2(b)
(Amendment No. ___)
ELDERTRUST
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
284560109
(CUSIP Number)
July ___, 2000
(Date of Event Which Requires Filing of this
Statement)
Check the appropriate box to designate the rule
pursuant to which this
Schedule is filed.
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 the disclosures provided in a prior cover page.
The information required in 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).
1
CUSIP No. 284560109 13G
Page 2 of 6 Pages
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1. Names of Reporting Persons.
I.R.S. Identification No. Of Above Persons (entities
only)
Roger Beit
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2. Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
U.S.A.
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Number of Shares Beneficially Owned by Each Reporting Person
With
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5. Sole Voting Power 377,000
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6. Shared Voting Power
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7. Sole Dispositive Power 377,000
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8. Shared Dispositive Power
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9. Aggregate Amount Beneficially Owned by Each Reporting
Person
377,000
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10. Check box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
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11. Percent of Class Represented By Amount in Row (9)
5.3
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12. Type of Reporting Person*
IN
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2
Item 1(a) Name of Issuer:
Eldertrust
Item 1(b) Address of Issuer's Principal Executive Offices:
101 East State Street, Suite 100, Kennett
Square, PA 19348
Item 2(a) Name of Person Filing:
Roger Beit
Item 2(b) Address of Principal Business Office or, if
none, Residence:
642 Second Street, Brooklyn, New York 11215
Item 2(c) Citizenship:
U.S.A.
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number
284560109
Item 3. If this statement is filed pursuant to Rules
13d-1(b), or
13d-2(b) or (c) , check whether the person
filing is a:
(a) [ ] Broker or dealer registered under
Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of
the Exchange Act.
(c) [ ] Insurance company as defined in
Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under
Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance
with Rule
13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment
fund in accordance
with Rule 13d- 1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control
person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in
Section 3(b) of the
Federal Deposit Insurance Act.
3
(i) [ ] A church plan that is excluded from
the definition
of an investment company under Section
3(c)(14) of the
Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-
1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c),
check this box. [X]
Item 4. Ownership.
(a) Amount Beneficially Owned: 377,000
(b) Percent of Class: 5.3
(c) Number of shares as to which such person
has:
(i) sole power to vote or to direct
the vote: 377,000
(ii) shared power to vote or to
direct vote: 0
(iii) sole power to dispose or to
direct the
disposition of:
377,000
(iv) shared power to dispose or to
direct the
disposition of:
0
4
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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
or Control Person.
Not applicable.
Item 8. Identification and Classification of Members of the
Group.
Not applicable.
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 not acquired and
are not held for the
purpose of or with the effect of changing or influencing
the control of the
issuer of the securities and were not acquired and are not
held in connection
with or as a participant in any transaction having that
purpose or effect.
5
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.
July
__, 2000
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(Date)
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(Signature)
Roger
Beit
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(Name/Title)
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS(SEE 18 U.S.C. 1001).
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