UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 17)*
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)
June 24, 1998
(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(e),(f), or (g), check the following box [_].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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>
CUSIP NO. 404232-10-1
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
HALCO INDUSTRIES, INC.
04-224-1978
- - -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [ ]
(b) [X]
- - -------------------------------------------------------------------
3 SEC USE ONLY
- - -------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
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
-0-
BENEFICIALLY _______________________________________________
OWNED BY 9 SOLE DISPOSITIVE POWER
-0-
EACH REPORTING _______________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
- - -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- - -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [X]
- - -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-%
- - -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- - -------------------------------------------------------------------
2
<PAGE>
CUSIP NO. 404232-10-1
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
BARRY STEVEN HALPERIN
###-##-####
- - ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- - ------------------------------------------------------------------
3 SEC USE ONLY
- - ------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
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
-0-
BENEFICIALLY ______________________________________________
OWNED BY 9 SOLE DISPOSITIVE POWER
66,900
EACH REPORTING ______________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
- - ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,900
- - ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
- - ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------
3
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 17 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 and fourth paragraphs thereof and inserting the
following:
Prior to the filing of this Amendment No. 17 to the
Schedule, the Halperin Group as a group beneficially owned
133,500 shares, or 11.4% of the Company's outstanding Common
Stock. Barry S. Halperin shared voting and dispositive power
with Halco with respect to the 66,600 shares held by Halco and
also has sole voting and dispositive power with respect to
66,900 shares that Mr. Halperin owns individually. Halco
shared voting and dispositive power with Mr. Halperin with
respect to the 66,600 shares it owned.
On June 24, 1998, Halco sold 66,600 shares of Company
Common Stock (constituting 100% of the Company Common Stock
held by Halco) to the Company in a private transaction for
aggregate proceeds of $324,675, or $4.875 per share. Barry S.
Halperin did not engage in any transaction and continues to
hold 66,900 shares of Company Common Stock, or approximately
6.1% of the outstanding shares of Company Common Stock, over
which he has sole voting and dispositive power.
<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: August 31, 1998
HALCO INDUSTRIES, INC.
By /s/ Barry S. Halperin
Title President
/s/ Barry S. Halperin
Barry S. Halperin
5
