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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
--------------------
HORIZON GROUP PROPERTIES, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
44041U 10 2
(CUSIP Number)
MICHAEL W. RESCHKE
77 WEST WACKER DRIVE
SUITE 4200
CHICAGO, IL 60601
(312) 917-1500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
With a copy to:
WAYNE D. BOBERG, ESQ.
WINSTON & STRAWN
35 WEST WACKER DRIVE
CHICAGO, IL 60601
(312) 558-5600
AUGUST 27, 1999
(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 13d-1(b)(3) or (4), check the following box:
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael W. Reschke
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2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
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 of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 8,206
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 976,324
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 8,206
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 976,324
- -------------------------------------------------------------------------------
2
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- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Individually beneficially owns 8,206 shares of Common Stock, par value $0.01
per share, of the Issuer ("Common Stock"). May be deemed to share beneficial
ownership of: (i) 527,418 shares of Common Stock and 75,620 Common Units of
Horizon Group Properties, L.P., a Delaware limited partnership ("Common
Units"), which Common Units are exchangeable on a one for one basis for
Common Stock at any time (or, at the Issuer's election, cash of equivalent
value), directly owned by Prime Group Limited Partnership, an Illinois
limited partnership ("PGLP"); (ii) 277,850 Common Units directly owned by
Prime Financing Limited Partnership, an Illinois limited partnership
("PFLP"); (iii) 42,281 Common Units directly owned by Prime Group II, L.P.,
an Illinois limited partnership ("PG-II"); (iv) 3,081 Common Units directly
owned by Prime Group III, L.P., an Illinois limited partnership ("PG-III");
(v) 6,818 Common Units directly owned by Prime Group IV, L.P., an Illinois
limited partnership ("PG-IV"); and (vi) 35,050 Common Units directly owned by
Prime Group V, L.P., an Illinois limited partnership ("PG-V") by virtue of
his position as managing general partner of PGLP and his ability to control
PFLP, PG-II, PG-III, PG-IV and PG-V.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Individually beneficially owns 8,206 shares of Common Stock which constitute
approximately 0.3% of the outstanding shares of Common Stock. May be deemed
to share beneficial ownership of the approximately: (i) 527,418 shares of
Common Stock and 75,620 Common Units directly owned by PGLP, which, assuming
exchange of the Common Units, constitute approximately 20.7% of the
outstanding shares of Common Stock; (ii) 277,850 Common Units directly owned
by PFLP which, assuming exchange of the Common Units, constitute
approximately 8.9% of the outstanding shares of Common Stock; (iii) 42,281
Common Units directly owned by PG-II which, assuming exchange of the Common
Units, constitute approximately 1.5% of the outstanding shares of Common
Stock; (iv) 3,081 Common Units directly owned by PG-III which, assuming
exchange of the Common Units, constitute approximately 0.1% of the
outstanding shares of Common Stock; (v) 6,818 Common Units directly owned by
PG-IV which, assuming exchange of the Common Units, constitute approximately
0.2% of the outstanding shares of Common Stock; and (vi) 35,050 Common Units
directly owned by PG-V which, assuming exchange of the Common Units,
constitute approximately 1.2% of the outstanding shares of Common Stock, by
virtue of his position as managing general partner of PGLP and his ability to
control PFLP, PG-II, PG-III, PG-IV and PG-V.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - IN
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3
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SCHEDULE 13D
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CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PGLP, Inc.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
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3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 0
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 87,230
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 0
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 87,230
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
May be deemed to share beneficial ownership of: (i) 42,281
Common Units of Horizon Group Properties, L.P., a Delaware
limited partnership ("Common Units"), which Common Units are
exchangeable on a one for one basis for Common Stock, par
value $0.01 per share, of the Issuer ("Common Stock") at any
time (or, at the Issuer's election, case of equivalent value),
owned by Prime Group II, L.P., an Illinois limited
partnership ("PG-II"); (ii) 3,081 Common Units owned by Prime
Group III, L.P., an Illinois limited partnership ("PG-III");
(iii) 6,818 Common Units owned by Prime Group IV, L.P., an
Illinois limited partnership ("PG-IV"); and (iv) 35,050 Common
Units owned by Prime Group V, L.P., an Illinois limited
partnership ("PG-V") by virtue of its position as managing
general partner of each of PG-II, PG-III, PG-IV and PG-V.
- -------------------------------------------------------------------------------
4
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- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
May be deemed to share beneficial ownership of: (i) 42,281
Common Units owned by PG-II which, assuming exchange of the
Common Units, constitute approximately 1.5% of the outstanding
shares of Common Stock; (ii) 3,081 Common Units owned by
PG-III which, assuming exchange of the Common Units,
constitute approximately 0.1% of the outstanding shares of
Common Stock; (iii) 6,818 Common Units owned by PG-IV which,
assuming exchange of the Common Units, constitute
approximately 0.2% of the outstanding shares of Common Stock;
and (iv) 35,050 Common Units owned by PG-V which, assuming
exchange of the Common Units, constitutes approximately 1.2%
of the outstanding shares of Common Stock by virtue of its
position as managing general partner of each of PG-II, PG-III,
PG-IV and PG-V.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - CO
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5
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prime Finance, Inc.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 0
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 277,850
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 0
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 277,850
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
May be deemed to share beneficial ownership of 277,850 Common
Units of Horizon Group Properties, L.P., a Delaware limited
partnership ("Common Units"), which Common Units are
exchangeable on a one for one basis for Common Stock, par
value $0.01 per share, of the Issuer, at any time (or, at the
Issuer's election, cash of equivalent value), directly owned
by Prime Financing Limited Partnership by virtue of its
position as managing general partner of Prime Financing
Limited Partnership.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES / /
- --------------------------------------------------------------------------------
6
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- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
May be deemed to share beneficial ownership of the approximate
8.9% equity interest in the Issuer directly owned by Prime
Financing Limited Partnership, assuming exchange of the Common
Units, by virtue of its position as managing general partner
of Prime Financing Limited Partnership.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - CO
- --------------------------------------------------------------------------------
7
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SCHEDULE 13D
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CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prime Group Limited Partnership
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
00 and PF
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 603,038
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 0
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 603,038
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
527,418 shares of Common Stock of the Issuer, $0.01 par value
per share ("Common Stock") and 75,620 Common Units of Horizon
Group Properties, L.P., a Delaware limited partnership
("Common Units"), which Common Units are exchangeable on a one
for one basis for Common Stock at any time or, at the Issuer's
election, cash of equivalent value.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 20.7% equity interest in the Issuer assuming
exchange of the Common Units.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - PN
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8
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SCHEDULE 13D
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CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prime Financing Limited Partnership
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 277,850
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 0
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 277,850
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
277,850 Common Units of Horizon Group Properties, L.P., a
Delaware limited partnership ("Common Units"), which Common
Units are exchangeable on a one for one basis for Common Stock
of the Issuer, $0.01 par value per share ("Common Stock"), at
any time or, at the Issuer's election, cash of equivalent
value.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.9% equity interest in the Issuer assuming
exchange of the Common Units.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - PN
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9
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SCHEDULE 13D
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CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prime Group II, L.P.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 42,281
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 0
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 42,281
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,281 Common Units of Horizon Group Properties, L.P., a
Delaware limited partnership ("Common Units"), which Common
Units are exchangeable on a one for one basis for Common Stock
of the Issuer, $0.01 par value per share, at any time or, at
the Issuer's election, cash of equivalent value.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 1.5% equity interest in the Issuer assuming
exchange of the Common Units.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - PN
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10
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SCHEDULE 13D
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CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prime Group III, L.P.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 3,081
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 0
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 3,081
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,081 Common Units of Horizon Group Properties, L.P., a
Delaware limited partnership ("Common Units"), which Common
Units are exchangeable on a one for one basis for Common Stock
of the Issuer, $0.01 par value per share, at any time or, at
the Issuer's election, cash of equivalent value.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 0.1% equity interest in the Issuer assuming
exchange of the Common Units.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - PN
- --------------------------------------------------------------------------------
11
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SCHEDULE 13D
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CUSIP No. 44041U 10 2
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prime Group IV, L.P.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 6,818
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 0
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 6,818
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,818 Common Units of Horizon Group Properties, L.P., a
Delaware limited partnership ("Common Units"), which Common
Units are exchangeable on a one for one basis for Common Stock
of the Issuer, $0.01 par value per share, at any time or, at
the Issuer's election, cash of equivalent value.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 0.2% equity interest in the Issuer assuming
exchange of the Common Units.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - PN
- --------------------------------------------------------------------------------
12
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 44041U 10 2
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Prime Group V, L.P.
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) /x/
OF A GROUP (b) / /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois, United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING
BENEFICIALLY OWNED POWER - 35,050
BY EACH --------------------------------------------------
PERSON WITH 8. SHARED VOTING
POWER - 0
--------------------------------------------------
9. SOLE DISPOSITIVE
POWER - 35,050
--------------------------------------------------
10. SHARED DISPOSITIVE
POWER - 0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,050 Common Units of Horizon Group Properties, L.P., a
Delaware limited partnership ("Common Units"), which Common
Units are exchangeable on a one for one basis for Common Stock
of the Issuer, $0.01 par value per share, at any time or, at
the Issuer's election, cash of equivalent value.
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 1.2% equity interest in the Issuer assuming
exchange of the Common Units.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON - PN
- --------------------------------------------------------------------------------
13
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 4 to Schedule 13D relates to shares of
Common Stock, par value $0.01 per share ("Common Stock"), of Horizon Group
Properties, Inc., a Maryland corporation (the "Company"). The principal
executive offices of the Company are located at 77 W. Wacker Drive, Suite
4200, Chicago, Illinois 60601.
This Amendment No. 4 to Schedule 13D is filed by each of
Michael W. Reschke, an individual and a citizen of the United States of
America ("Reschke"); PGLP, Inc., an Illinois corporation ("PGLPI"); Prime
Finance, Inc., an Illinois corporation ("Prime Finance"); Prime Group Limited
Partnership, an Illinois limited partnership ("PGLP"); Prime Financing
Limited Partnership, an Illinois limited partnership ("PFLP"); Prime Group
II, L.P., an Illinois limited partnership ("PG-II"); Prime Group III, L.P.,
an Illinois limited partnership ("PG-III"); Prime Group IV, L.P., an Illinois
limited partnership ("PG-IV"); and Prime Group V, L.P., an Illinois limited
partnership ("PG-V"). Except as set forth below, there are no changes to the
information set forth in Amendment No. 2 to Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is supplemented in the following manner:
PGLP purchased the following number of shares of Common Stock in the
open market at the prices and on the dates indicated: (i) 100 shares at an
average price of $3.13 per share on August 27, 1999; (ii) 200 shares at an
average price of $3.00 per share on August 30, 1999; (iii) 100 shares at an
average price of $3.13 on August 31, 1999; (iv) 500 shares at an average
price of $2.91 on September 2, 1999; (v) 1,000 shares at an average price of
$3.13 per share on September 3, 1999; (vi) 100 shares at an average price of
$3.00 per share on September 16, 1999; (vii) 500 shares at an average price
of $3.00 on September 20, 1999; (viii) 500 shares at an average price of
$3.00 on September 21, 1999; and (ix) 600 shares at an average price of $3.00
on September 23, 1999.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is supplemented in the following manner:
PGLP purchased the above-referenced shares of Common Stock and
Common Units owned by it for investment purposes.
None of Reschke, PGLPI, Prime Finance, PGLP, PFLP, PG-II, PG-III,
PG-IV, or PG-V has any current plans or proposals which relate to or would
result in the types of transactions set forth in paragraphs (a) through (j)
of the instructions for this Item 4.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Reschke beneficially owns 8,206 shares of Common Stock,
which number of shares constitute approximately 0.3% of the total outstanding
shares of Common Stock. PGLP beneficially owns 527,418 shares of Common Stock
and 75,620 Common Units which, assuming exchange of the Common Units, constitute
approximately 20.7% of the outstanding shares of Common Stock. PFLP beneficially
owns 277,850 Common Units which, assuming exchange of the Common Units,
constitute approximately 8.9% of the outstanding shares of
14
<PAGE>
Common Stock. PG-II beneficially owns 42,281 Common Units which, assuming
exchange of the Common Units, constitute approximately 1.5% of the
outstanding shares of Common Stock. PG-III beneficially owns 3,081 Common
Units which, assuming exchange of the Common Units, constitute approximately
0.1% of the outstanding shares of Common Stock. PG-IV beneficially owns 6,818
Common Units which, assuming exchange of the Common Units, constitute
approximately 0.2% of the outstanding shares of Common Stock. PG-V
beneficially owns 35,050 Common Units which, assuming exchange of the Common
Units, constitute approximately 1.2% of the outstanding shares of Common
Stock.
By virtue of his position as managing general partner of
PGLP and his ability to control PFLP, PG-II, PG-III, PG-IV and PG-V, Reschke
may be deemed to share beneficial ownership of the 527,418 shares of Common
Stock directly owned by PGLP and the 75,620, 277,850, 42,281, 3,081, 6,818,
and 35,050 Common Units owned by PGLP, PFLP, PG-II, PG-III, PG-IV, and PG-V,
respectively. PGLPI may be deemed to share beneficial ownership of the
42,281, 3,081, 6,818 and 35,050 Common Units directly owned by PG-II, PG-III,
PG-IV and PG-V, respectively, because PGLPI is the managing general partner
of each of PG-II, PG-III, PG-IV and PG-V. Prime Finance may be deemed to
share beneficial ownership of the 277,850 Common Units directly owned by PFLP
because Prime Finance is the managing general partner of PFLP.
(b) Reschke has the sole power to direct the vote and
disposition of the 8,206 shares of Common Stock directly owned by Reschke.
PGLP has the sole power to direct the vote and disposition of the 527,418
shares of Common Stock and 75,620 Common Units directly owned by PGLP. PFLP
has the sole power to direct the vote and disposition of the 277,850 Common
Units directly owned by PFLP. Each of PG-II, PG-III, PG-IV and PG-V has the
sole power to direct the vote and disposition of the 42,281, 3,081, 6,818 and
35,050 Common Units directly owned by PG-II, PG-III, PG-IV and PG-V,
respectively.
By virtue of his position as managing general partner of
PGLP and his ability to control PFLP, PG-II, PG-III, PG-IV and PG-V, Reschke
may be deemed to share the power to direct the vote and disposition of the
527,418 shares of Common Stock directly owned by PGLP and the 75,620,
277,850, 42,281, 3,081, 6,818, and 35,050 Common Units owned by PGLP, PFLP,
PG-II, PG-III, PG-IV, and PG-V, respectively. PGLPI may be deemed to share
the power to direct the vote and disposition of the 42,281, 3,081, 6,818 and
35,050 Common Units directly owned by PG-II, PG-III, PG-IV and PG-V,
respectively, because PGLPI is the managing general partner of each of PG-II,
PG-III, PG-IV and PG-V. Prime Finance may be deemed to share the power to
direct the vote and disposition of the 277,850 Common Units directly owned by
PFLP because Prime Finance is the managing general partner of PFLP.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
15
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
/s/ Michael W. Reschke
----------------------------------
Michael W. Reschke
Dated: October 8, 1999
16
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PGLP, INC.
By: /s/ Michael W. Reschke
----------------------------
Name: Michael W. Reschke
Title: President
Dated: October 8, 1999
17
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PRIME FINANCE, INC.
By: /s/ Michael W. Reschke
----------------------------
Name: Michael W. Reschke
Title: President
Dated: October 8, 1999
18
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PRIME GROUP LIMITED PARTNERSHIP
By: /s/ Michael W. Reschke
----------------------------
Name: Michael W. Reschke
Title: Managing General Partner
Dated: October 8, 1999
19
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PRIME FINANCING LIMITED PARTNERSHIP
By: Prime Finance, Inc., its managing
general partner
By: /s/ Michael W. Reschke
-----------------------------
Name: Michael W. Reschke
Title: President
Dated: October 8, 1999
20
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PRIME GROUP II, L.P.
By: PGLP, Inc., its managing
general partner
By: /s/ Michael W. Reschke
----------------------------
Name: Michael W. Reschke
Title: President
Dated: October 8, 1999
21
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PRIME GROUP III, L.P.
By: PGLP, Inc., its managing
general partner
By: /s/ Michael W. Reschke
----------------------------
Name: Michael W. Reschke
Title: President
Dated: October 8, 1999
22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PRIME GROUP IV, L.P.
By: PGLP, Inc., its managing
general partner
By: /s/ Michael W. Reschke
----------------------------
Name: Michael W. Reschke
Title: President
Dated: October 8, 1999
23
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, the undersigned certifies that the information set forth in this
Amendment No. 4 to Schedule 13D is true, complete and correct.
PRIME GROUP V, L.P.
By: PGLP, Inc., its managing
general partner
By: /s/ Michael W. Reschke
----------------------------
Name: Michael W. Reschke
Title: President
Dated: October 8, 1999
24
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
See Amendments 1, 2 and 3 to filing persons' Schedule 13D.
25
