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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
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)
DEL WEBB CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE 947423-10-9
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(Title of class of securities) (CUSIP number)
ROBERT TODD LANG, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
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(Name, address and telephone number of person authorized to
receive notices and communications)
AUGUST 31, 2000
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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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
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NY2:\962158\01\KM#M01!.DOC\18838.0089
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<TABLE>
<CAPTION>
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CUSIP No. 947423-10-9 Page 2
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<S> <C>
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1 NAME OF REPORTING PERSON: Avatar Holdings Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 23-1739078
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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: WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 932,200
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 932,200
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 932,200
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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): 5.1 %
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14 TYPE OF REPORTING PERSON: CO
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</TABLE>
SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 1 to the Schedule 13D dated September 8,
2000, is filed by Avatar Holdings Inc. ("Avatar") with respect to the common
stock, par value $.001 per share ("Common Stock"), of Del Webb Corporation (the
"Company").
This amendment is being made solely to correct a
typographical error in Item 5(c) of the Schedule 13D dated September 8, 2000.
Therefore, Item 5(c) thereof is amended and restated in its entirety as follows:
Item 5. Interest in Securities of the Issuer.
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(c) During the past sixty days, Avatar effected the
following transactions in the Common Stock:
Date of Amount of Price per Where and
Transaction Securities Share* How Effected
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8/18/00 16,500 shares $20.25 NYSE (purchase)
8/24/00 23,500 shares $20.25 NYSE (purchase)
8/28/00 25,000 shares $19.907 NYSE (purchase)
8/29/00 20,000 shares $19.8875 NYSE (purchase)
8/31/00 18,500 shares $22.20 NYSE (purchase)
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* Excludes commissions and fees.
To Avatar's knowledge, none of its directors or executive
officers have had any transactions in the Common Stock that were effected in the
past sixty days.
SIGNATURE
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.
AVATAR HOLDINGS INC.
By: Gerald D. Kelfer
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Name: Gerald D. Kelfer
Title: President and Chief Executive Officer
Date: September 8, 2000
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