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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Greate Bay Casino Corporation
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(Name of Issuer)
Common Stock, par value $0.10 per share
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(Title of Class of Securities)
391546108
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(CUSIP Number)
William D. Pratt, Executive Vice President, Secretary and
General Counsel,
Greate Bay Casino Corporation, c/o Sands Hotel & Casino
Indiana Avenue & Brighton Park, 9th Floor, Atlantic City,
New Jersey 08401 (609) 441-0704
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
SEPTEMBER 5, 1997
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(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 [_].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. 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 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).
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SCHEDULE 13D/A
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CUSIP NO. 391546108 PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward T. Pratt III
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
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SOLE VOTING POWER
7
NUMBER OF
341,495 (1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
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EACH SOLE DISPOSITIVE POWER
9
REPORTING
341,495 (1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
341,495 (1)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.6%
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TYPE OF REPORTING PERSON*
14
IN
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(1) Represents Common Stock owned of record by Edward T. Pratt III (5,533
shares) and E. Pratt Family Trust (335,962 shares).
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SCHEDULE 13D/A
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CUSIP NO. 391546108 PAGE 3 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E. Pratt Family Trust
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Texas
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SOLE VOTING POWER
7
NUMBER OF
335,962 (1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
335,962 (1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
335,962
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.5%
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TYPE OF REPORTING PERSON*
14
OO - Trust
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(1) Power is exercised through its Trustee, Edward T. Pratt III.
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The Schedule 13D, dated January 10, 1997, (the "Schedule 13D") of Edward T.
Pratt III relating to the Common Stock of Greate Bay Casino Corporation, a
Delaware corporation, is hereby amended as set forth below. Initially
capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Schedule 13D.
Item 1. Security and Issuer.
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Item 1 is hereby amended to read in its entirety as follows:
This statement relates to the common stock, par value $0.10 per share
(the "Common Stock"), of Greate Bay Casino Corporation (f/k/a Pratt Hotel
Corporation), a Delaware corporation (the "Company"). The address of the
principal executive offices of the Company is c/o Sands Hotel & Casino,
Indiana Avenue & Brighton Park, 9th Floor, Atlantic City, New Jersey 08401.
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby amended in its entirety to read as follows:
(a) Edward T. Pratt III owns of record 5,533 shares of Common Stock
(representing approximately 0.1% of the shares of Common Stock outstanding on
December 31, 1997, based on information supplied by the Company to the Reporting
Persons). Edward T. Pratt III may be deemed to be the beneficial owner of an
aggregate of 341,495 shares of Common Stock (representing approximately 6.5% of
the shares of Common Stock outstanding on December 31, 1997, based on
information supplied by the Company to the Reporting Persons), which number
includes, in addition to the 5,533 shares owned of record by him, 335,962 shares
owned of record by the E. Pratt Family Trust (the "Trust"). Edward T. Pratt III
is the Trustee of the Trust and may, therefore, be deemed to be the beneficial
owner of the shares of Common Stock owned of record by the Trust.
The Trust owns of record and beneficially an aggregate of 335,962 shares of
Common Stock of the Company (representing approximately 6.5% of the shares of
Common Stock outstanding on December 31, 1997, based on information supplied by
the Company to the Reporting Persons).
The Reporting Persons hereby expressly disclaim the existence of any
"group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934, as amended, between themselves or with any other person, with respect to
the Common Stock.
(b) Edward T. Pratt III has sole voting power and sole dispositive power
with respect to the 5,533 shares of Common Stock owned of record by him and the
335,962 shares of Common Stock owned of record by the Trust, for a total of
341,495 aggregate shares of Common Stock of the Company.
The Trust has sole voting power and sole dispositive power with respect to
the 335,962 shares of Common Stock owned of record by it.
4
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(c) The Reporting Persons sold 51,000 shares of Common Stock on the open
market on September 5, 1997.
(d) Edward T. Pratt III has the sole right to receive and the power to
direct the receipt of dividends from or the proceeds from the sale of the 5,533
shares of Common Stock owned of record by him. The Trust has the sole right to
receive and the power to direct the receipt of dividends from or the proceeds
from the sale of the 335,962 shares of Common Stock owned of record by it.
(e) Not applicable.
5
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SIGNATURES
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.
Date: February 10, 1998.
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EDWARD T. PRATT III
/s/ Edward T. Pratt III
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E. PRATT FAMILY TRUST
/s/ Edward T. Pratt III
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By: Edward T. Pratt III
Trustee
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