<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 16)*
HMG COURTLAND PROPERTIES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
404232-10-1
(CUSIP Number)
GERALD F. ROACH
SMITH, ANDERSON, BLOUNT, DORSETT, MITCHELL & JERNIGAN, L.L.P.
P.O. BOX 2611, RALEIGH, NORTH CAROLINA 27602 (919) 821-6668
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 18, 1996
(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 [_].
Check the following box if a fee is being paid with the statement [_]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
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).
<PAGE>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HALCO INDUSTRIES, INC.
04-224-1978
- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- -------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) OR 2(E)
[X]
- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
MASSACHUSETTS
- -------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF _______________________________________________
SHARES 8 SHARED VOTING POWER
66,600
BENEFICIALLY _______________________________________________
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH _______________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
66,600
- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,600
- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7%
- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BARRY STEVEN HALPERIN
###-##-####
- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E)
[X]
- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- ------------------------------------------------------------------
7 SOLE VOTING POWER
66,900
NUMBER OF ______________________________________________
SHARES 8 SHARED VOTING POWER
66,600
BENEFICIALLY ______________________________________________
OWNED BY 9 SOLE DISPOSITIVE POWER
66,900
EACH ______________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
66,600
- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
133,500
- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 16 to the Statement on Schedule
13D (the "Schedule") of the undersigned relates to the Common
Stock of HMG Courtland Properties, Inc., (the "Company"),
whose principal executive offices are located at 2701 South
Bayshore Drive, Coconut Grove, Florida 33133.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule is amended by deleting the
third paragraph thereof and inserting the following:
The Halperin Group as a group beneficially owns
133,500 shares, or 11.4% of the Company's outstanding Common
Stock. Barry S. Halperin shares voting and dispositive power
with Halco with respect to the 66,600 shares held by Halco and
has sole voting and dispositive power with respect to the
66,900 shares he owns individually. Halco shares voting and
dispositive power with Barry S. Halperin with respect to the
66,600 shares it owns.
Since the filing of Amendment No. 15 to the Schedule
13D, Barry S. Halperin has sold shares of Common Stock in
the following transactions:
<TABLE>
<CAPTION>
Transaction No. of Price Per Share
Date Type Shares Excluding Commissions
---- ---- ------ ---------------------
<S> <C> <C> <C> <C>
12/6/96 Open Market 300 $5.75
12/6/96 Open Market 500 $5.625
12/9/96 Open Market 700 $5.50
12/11/96 Open Market 900 $5.50
12/17/96 Open Market 5,000 $5.375
12/18/96 Open Market 5,200 $5.125
12/19/96 Open Market 1,000 $5.00
12/20/96 Private Sale 30,000 $5.00
to Company
</TABLE>
4
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of each of such
person's knowledge and belief, each of the undersigned certifies that the
information set forth in this Statement is true, complete, and correct.
Dated: December 23 1996
HALCO INDUSTRIES, INC.
By /s/ Barry S. Halperin
Title President
/s/ Barry S. Halperin
Barry S. Halperin
5
<PAGE>
