UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
THE ALPINE GROUP, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.10 PER SHARE
(Title of Class of Securities)
020825105
----------------------
(CUSIP Number)
ALEXANDRA INVESTMENT MANAGEMENT, LLC
MIKHAIL A. FILIMONOV
DIMITRI SOGOLOFF
237 PARK AVENUE
NEW YORK, NEW YORK 10017
(212) 808-3780
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 10, 2000
------------------------
(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/A, 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 [ ].
Page 1 of 8 pages
952892.1
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SCHEDULE 13D/A
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CUSIP No. 020825105 PAGE 2 OF 8 PAGES
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alexandra Investment Management, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,842,591 shares**
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,842,591 shares**
----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,842,591 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.28%
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14 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
- -------------------------
** Shares reported herein are also beneficially owned by other reporting
persons. See Item 5.
952892.1
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<PAGE>
SCHEDULE 13D/A
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CUSIP No. 020825105 PAGE 3 OF 8 PAGES
- ---------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mikhail A. Filimonov
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,842,591 shares**
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,842,591,shares**
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,842,591 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.28%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
- -------------------------
** Shares reported herein are also beneficially owned by other reporting
persons. See Item 5.
952892.1
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SCHEDULE 13D/A
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CUSIP No. 020825105 PAGE 4 OF 8 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dimitri Sogoloff
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,842,591 shares**
----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,842,591 shares**
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,842,591 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.28%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
- -------------------------
** Shares reported herein are also beneficially owned by other reporting
persons. See Item 5.
952892.1
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<PAGE>
ITEM 1. SECURITY AND ISSUER.
-------------------
This Statement constitutes Amendment No. 2 to that certain
Schedule 13D, dated May 28, 1997 (the "Original Schedule 13D") relating to the
shares of Common Stock, $.10 par value per share (the "Common Stock") of The
Alpine Group, Inc., a Delaware corporation (the "Company"). Certain capitalized
terms used herein have the respective meanings set forth in the Original
Schedule 13D. Except as expressly amended hereby, the statements in the Original
Schedule 13D remain unchanged.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
-------------------------------------------------
During the period from November 3, 1999 through and including May
9, 2000 (the "Period"), the Adviser purchased 63,100 shares of Common Stock (the
"Period Shares"). The Period Shares were purchased by the Adviser with
investment capital and margin borrowings.
ITEM 4. PURPOSE OF TRANSACTION.
----------------------
The Adviser has acquired the Period Shares in the ordinary course
of business for investment. The Reporting Persons may acquire additional shares
of Common Stock from time to time, in open market purchases, negotiated
transactions or otherwise, and may sell any or all of such shares of Common
Stock at any time.
None of the Reporting Persons presently has any plans or
proposals which related to or would result in any of the matters enumerated in
clauses (a) through (j), inclusive, of Item 4 of Schedule 13D, namely: (a) the
acquisition by any person of additional securities of the Company or the
disposition of securities of the Company; (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; (c) a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries; (d) any change in the
present Board of Directors or management of the Company, 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 Company; (f) any other material change in the Company's
business or corporate structure; (g) changes in the Company's charter, bylaws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person; (h) causing a class of
securities of the Company to be delisted from a national
952892.1
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<PAGE>
securities exchange or to cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association; (i) a class of
equity securities of the Company becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action
similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
(a) As of the date hereof, the Adviser may be deemed to
beneficially own 1,842,591 shares of Common Stock, comprising approximately
12.28% of the approximately 15,010,057 shares of Common Stock outstanding. In
their capacities as principals of the Adviser, such shares also may be deemed to
be beneficially owned indirectly to Messrs. Filimonov and Sogoloff.
(b) The Adviser, in its capacity as investment adviser, may be
deemed to have the power to vote or to dispose of the 1,842,591 shares of Common
Stock. In their capacities as principals of the Adviser, Messrs. Filimonov and
Sogoloff have the shared power to direct the vote and disposition of such shares
within the meaning of Rule 13d-3 under the Exchange Act.
(c) Set forth on Schedule A hereto is a description of all other
transactions in the Common Stock effected by any of the Reporting Persons
between November 3, 1999 and May 9, 2000. All such transactions consisted of
open market purchases.
(d) No person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock, other than such parties.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
------------------------------------------
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
------------------------------------------------------
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
--------------------------------
None.
952892.1
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: May 10, 2000
ALEXANDRA INVESTMENT MANAGEMENT, LLC
By: /s/ Mikhail A. Filimonov
-----------------------------
Mikhail A. Filimonov,
Managing Member
/s/ Mikhail A. Filimonov
------------------------------------
MIKHAIL A. FILIMONOV
/s/ Dimitri Sogoloff
-----------------------------------
DIMITRI SOGOLOFF
952892.1
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<PAGE>
SCHEDULE A
TRANSACTIONS IN COMMON STOCK OF THE ALPINE GROUP, INC.
The Adviser effected the following purchases of Common Stock of the
Company on the dates listed. All transactions were open market purchases
executed on an agency basis on the New York Stock Exchange through various
broker-dealers. Prices listed are exclusive of commissions.
Purchase Date Number of Shares Price Per Share
------------- ---------------- ---------------
11/03/99 3,000 12.37
11/17/99 4,500 12.45
11/30/99 2,100 12.53
2/25/00 2,500 9.97
2/28/00 5,000 9.87
5/09/00 36,000 7.00
5/09/00 10,000 7.00
-------------------
Total 63,100
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