SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)(1)
Hersha Hospitality Trust
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALULE
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(Title of Class of Securities)
427825104
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(CUSIP Number)
WILLIAM WUNDERLICH, AUTOINFO, INC.
ONE PARAGON DRIVE, MONTVALE, NJ 07645
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 31,1999
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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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(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.
(Continued on following pages)
- ----------
(1) 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 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. 427825104 SCHEDULE 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
AUTOINFO, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
Not Applicable (b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF
SHARES 146,400
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
146,400
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10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
146,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
Not Applicable
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.94%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
FOR
AUTOINFO, INC.
Amendment No. 1
Item 1. Security and Issuer
This Amendment No. 1 amends and supplements the Schedule 13D dated January
21, 1999 with respect to the common stock, $0.01 par value per share
("Common Stock"), of Hersha Hospitality Trust, 148 Sheraton Drive, New
Cumberland, PA 17070, the "Issuer"
Item 2. Identity and Background
(A) AUTOINFO, INC.
(B) One Paragon Drive, Montvale, NJ 07645
(C) Autoinfo, Inc. was a specialty consumer finance company that ceased
those operations in 1998. The company is in the process of
attempting to identify new business opportunities.
(D) During the past five years, Autoinfo, Inc. has not been convicted in
a criminal proceeding, excluding traffic violations or similar
misdemeanors.
(E) During the past five years, Autoinfo, Inc. has not been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and has not been subject to a judgement, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to federal or state securities laws or
finding any violation with respect to such laws.
(F) Autoinfo, Inc. is registered in the State of Delaware.
Page 3 of 7 Pages
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Item 3. Source and Amount of Funds and Other Consideration
The total amount of the funds used in making the purchases was $894,001.
There were sales in the amount of $300,000 since the filing of the
Schedule 13D. The source of the funds used in making the purchases was
working capital.
Item 4. Purpose of Transaction
Autoinfo, Inc. has purchased shares of Common Stock for investment
purposes.
There are no plans or proposals, which Autoinfo, Inc. may have that relate
to or would result in:
(A) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer, except as
otherwise disclosed herein;
(B) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(C) A sale or transfer of a material amount of assets of the Issuer or
of any of its subsidiaries;
(D) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(E) Any material change in the present capitalization or dividend policy
of the Issuer;
(F) Any other material change in the Issuer's business or corporate
structure;
(G) Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions, which may impede the acquisition of
control of the Issuer by any person;
(H) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association;
Page 4 of 7 Pages
<PAGE>
(I) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934, as amended; or
(J) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(A) The aggregate number and percentage of Common Stock beneficially
owned by Autoinfo, Inc. are 146,400 shares and 6.94%, respectively.
(B) Autoinfo, Inc. has the sole power to vote and to direct the vote of
all of the shares identified pursuant to Item 5(a). Autoinfo has the
sole power to dispose and to direct the disposition of all of the
shares identified pursuant to Item 5(a).
(C) Transactions in the securities identified pursuant to Item 5(a)
during the past 60 days are as follows:
Beneficial Trans. Amount of Price Per Where/How
Owner Date Transaction Share Effected
----- ---- ----------- ----- --------
Autoinfo, Inc. 03/31/99 $300,000* $6.00 Open Market
50,000 shares
* Denotes Sale
(D) Not applicable.
(E) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None
Page 5 of 7 Pages
<PAGE>
Item 7. Material to be Filed as Exhibits
None
Page 6 of 7 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement on Schedule 13D is
true, complete and correct.
AUTOINFO, INC.
Date: April 20, 1999 /s/ William Wunderlich
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William Wunderlich, President
