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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. 15)*
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)
August 13, 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).
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Halco Industries, Inc.
04-224-1978
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
[X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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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
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,600
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
[X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maurice Abraham Halperin
###-##-####
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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 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
[X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
-0-
NUMBER OF ______________________________________________
SHARES 8 SHARED VOTING POWER
-0-
BENEFICIALLY ______________________________________________
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH ______________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry Steven Halperin
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
[X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
110,500
NUMBER OF ______________________________________________
SHARES 8 SHARED VOTING POWER
66,600
BENEFICIALLY ______________________________________________
OWNED BY 9 SOLE DISPOSITIVE POWER
110,500
EACH ______________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
66,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
177,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.2%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
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Item 1. Security and Issuer.
This Amendment No. 15 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 2. Identity and Background.
This Amendment No. 15 to the Schedule is filed on
behalf of Maurice A. Halperin, Barry S. Halperin and Halco
Industries, Inc., a Massachusetts corporation ("Halco")(Barry
S. Halperin and Halco are sometimes referred to herein as the
"Halperin Group"). Maurice A. Halperin no longer has (i) sole
or shared voting power or (ii) sole or shared dispositive
power over any shares of the Company's Common Stock including
the shares of Common Stock owned by the Halperin Group. Barry
S. Halperin is a former Director and President of Empire of
Carolina, Inc., a Delaware corporation ("Empire"), is
currently the President of Halco and is a citizen of the
United States. The business address of Barry S. Halperin is
2500 North Military Trail, Boca Raton, Florida 33431.
Halco's principal business is investments in
businesses. Barry S. Halperin owns approximately 99% of the
common stock of Halco. Halco's directors are Maurice A.
Halperin and Barry S. Halperin. Halco's executive officers
are: Barry S. Halperin-- President and Treasurer; Maurice A.
Halperin--Executive Vice President and Secretary. Maurice A.
Halperin is the former Chairman of the Board and Chief
Executive Officer of Empire and is currently retired. Halco's
business address is 2500 North Military Trail, Boca Raton,
Florida 33431.
In October, 1991, the Securities and Exchange
Commission filed a complaint in the United States District
Court for the District of Columbia alleging certain violations
of the federal securities laws by the Halperin Group and
Maurice A. Halperin in connection with transactions in the
common stock of the Company. Without admitting or denying the
complaint's allegations, and simultaneously with the filing of
the complaint, the Halperin Group and Maurice A. Halperin
consented to the entry of permanent injunctions against future
violations of Section 13(d) of the Securities Exchange Act of
1934 and Rules 12b-20 and 13d-2 promulgated thereunder. Barry
S. Halperin consented to the entry of a permanent injunction
against future violations of Section 16(a) of the Securities
and Exchange Act of 1934 and Rule 16a-3 promulgated
thereunder. Maurice A. Halperin, Barry S. Halperin, and Halco
consented to entries of orders requiring them to pay civil
monetary fines of $50,000, $50,000, and $100,000 respectively.
Maurice A. Halperin also consented to an entry of a permanent
injunction against future violations of Section 10(b) of the
Securities and Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder.
Other than as disclosed above, neither Barry S.
Halperin, Maurice A. Halperin nor the officers or directors of
Halco have, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors) or have been party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a
result of which any of such persons was or is subject to a
judgment,
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decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or
state securities laws or any violations with respect to such
laws.
Item 3. Sources and Amount of Funds or Other Consideration.
This Amendment No. 15 to Schedule 13D does not relate
to the acquisition of shares. Except to the extent described
herein, none of the shares currently owned by the Halperin
Group are subject to any liens or encumbrances.
Item 4. Purpose of Transaction.
The Halperin Group is contemplating selling all or a
portion of their respective shares of the Company's Common
Stock in one or more market or private transactions,
potentially including transactions with the Company. The
Halperin Group has not entered into any agreement or
agreements regarding the sale of the Common Stock. There can
be no assurance that the contemplated sales will take place.
Item 5. Interest in Securities of the Issuer.
There have been no transactions in the Common Stock
by the Halperin Group since the filing of Amendment No. 14 to
this Schedule. The purpose of this Amendment 15 to the
Schedule is to (i) disclose that Maurice A. Halperin no longer
has sole or shared dispositive or voting rights with respect
to the Common Stock owned by the Halperin Group and
accordingly is no longer the beneficial owner of any shares of
the Company's Common Stock and (ii) disclose a change in the
investment intent of the Halperin Group as reported in Item 4
to this Amendment No. 15.
Information concerning the Common Stock ownership and
percentage of outstanding shares of the Halperin Group is
contained in the cover pages to this Amendment No. 15 to the
Schedule, and such information is incorporated herein by
reference. Maurice A. Halperin no longer has any beneficial
ownership interest in the Company's Common Stock.
The Halperin Group as a group beneficially own
177,100 shares, or 15.2% 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
110,500 shares he owns individually. Halco shares voting and
dispositive power with Barry S. Halperin with respect to the
66,600 shares it owns.
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Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect to
Securities of the Issuer.
Certain relationships among the Halperin Group and Maurice A. Halperin
are disclosed in other Items of this Schedule. Barry S. Halperin is the son of
Maurice A. Halperin. Other than as otherwise disclosed in this Schedule, the
Halperin Group and Maurice A. Halperin have no express agreement, arrangement,
or understanding regarding the Common Stock of the Company.
Item 7. Material to Be Filed as Exhibits.
<TABLE>
<CAPTION>
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Exhibit Description Status
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<S> <C> <C>
1. Joint Filing Agreement Filed as exhibit to Amendment 8 to
the Schedule dated October 11, 1989
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2. Joint Filing Agreement Filed as exhibit to Amendment 10 to
the Schedule dated April 16, 1990
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3. Loan Agreement between Sumner Segal Filed as exhibit to Amendment 11 to
and Halco Industries, Inc., including the Schedule dated May 30, 1990
Promissory Note
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4. Loan Agreement between Carl Derman and Filed as exhibit to Amendment 11 to
Halco Industries, Inc., including the Schedule dated May 30, 1990
Promissory Note
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5. Cancelled Promissory Note of Sumner Filed as exhibit to Amendment 12 to
Segal the Schedule dated July 17, 1991
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6. Cancelled Promissory Note of Carl Derman Filed as exhibit to Amendment 12 to
the Schedule dated July 17, 1991
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</TABLE>
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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: August 21, 1996
HALCO INDUSTRIES, INC.
By /s/ Barry S. Halperin
----------------------
Title President
---------
/s/ Maurice A. Halperin
-----------------------
Maurice A. Halperin
/s/ Barry S. Halperin
---------------------
Barry S. Halperin
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