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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Alpine Group Inc.
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(Name of Issuer)
Common Stock $O.10 par value per share
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(Title of Class of Securities)
020825105
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(CUSIP Number)
A. Alex Porter and Paul Orlin
Porter, Felleman Inc.
100 Park Avenue, Suite 2120
New York, NY 10017
212-689-1203
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(Name, Address and Telephone Number)
of Person Authorized to Receive
Notices and Communications
June 2, 2000
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(Date of Event which Required
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 [ ].
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.
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Cusip No.: 020825105
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l) Name of Reporting Person and S.S. or I.R.S. Identification No. of Above
Person: A. Alex Porter and Paul Orlin
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2) Check the Appropriate Box if a Member of a Group
(a)
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(b) x
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3) SEC Use Only:
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4) Source of Funds: WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
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6) Citizenship or Place of Organization: U.S.A.
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<TABLE>
<CAPTION>
<S> <C> <C>
Number of (7) Sole Voting Power: 779,400
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Shares
Beneficially (8) Shared Voting Power: 0
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Owned by
Each (9) Sole Dispositive Power: 779,400
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Reporting
Person With (10) Shared Dispositive Power: 0
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</TABLE>
ll) Aggregate Amount Beneficially Owned by Each Reporting person: 779,400
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12) Check if the Aggregate Amount in Row (ll) Excludes Certain Shares:
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13) Percent of Class Represented by Amount in Row (ll): 5.52%
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14) Type of Reporting Person: PN and CO
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ITEM 1. SECURITY AND ISSUER
The class of equity security to which this statement relates is the
common stock, $0.10 par value of Alpine Group Inc. ("Common Stock"). Alpine
Group Inc. has its principal executive offices at 1790 Broadway, New York, New
York 10019-1412.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this Schedule (collectively, the "Reporting Persons")
are Amici Associates and The Collectors' Fund and A. Alex Porter and Paul Orlin,
principals of Porter, Felleman Inc. ("PFI"). Amici Associates and The
Collectors' Fund (collectively, the "Partnerships") are New York limited
partnerships whose principal business is investing, reinvesting and trading in
securities and rights and options relating thereto. The business address of each
of the Partnerships is 100 Park Avenue, New York, New York 10017. PFI is a
corporation whose principal business is acting as an investment advisor. The
business address of PFI is 100 Park Avenue, New York, New York 10017.
None of the Reporting Persons, during the last five years, have been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), nor have they been, during the last five years, a party to a
civil proceeding described in Item 2(e) of Schedule 13D.
The General Partners of Amici Associates and The Collectors' Fund and the
stockholders of PFI are A. Alex Porter and Paul Orlin. The principal occupation
of Messrs. Porter and Orlin is acting as general partners of Amici Associates
and The Collectors' Fund and as the principals of PFI. Neither Mr. Porter nor
Mr. Orlin have, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), nor have they
been during the last five years, a party to a civil proceeding described in Item
2(e) of Schedule 13D. Messrs. Porter and Orlin are citizens of the United
States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The amount of funds used by Amici Associates and The Collector's
Fund (together "the Partnerships") and Porter, Felleman Inc. ("PFI") to acquire
the shares of Common Stock described in Item 5(a) are set forth in Exhibit 1 of
this filing. The funds for the acquisition of shares on behalf of each of the
partnerships were obtained from the working capital of each or the Partnerships.
The funds for the acquisition of shares acquired on behalf of PFI were obtained
from the equity capital of PFI.
ITEM 4. PURPOSE OF TRANSACTION
The acquisitions of Shares of Common Stock described herein were
made in the ordinary course of each of the Reporting Persons' business. Messrs.
Porter and Orlin, as General Partners of Amici Associates and The Collectors'
Fund and principals of PFI, reserve the right to purchase additional shares of
Common Stock or to dispose of shares of Common Stock in the open market or in
privately negotiated transactions or in any other lawful manner in the future.
Messrs. Porter and Orlin reserve the right to take whatever action with respect
to each of the Reporting Persons' holdings of Common Stock they deem to be in
the best interest of such
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Reporting Persons. The acquisitions described herein were not made for
the purpose of acquiring control of the Issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The aggregate number and percentage of shares outstanding of Common Stock
beneficially owned by each of the Reporting Persons are set forth below.
These percentages are computed based on the Issuer's shares of Common
Stock outstanding (14,125,859) as of the close of business on May 5,
2000 as set forth in the Issuer's Form 10-Q filed for the period ending
March 31, 2000.
<TABLE>
<CAPTION>
Reporting Persons Beneficially Owned Outstanding Shares
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<S> <C> <C>
Amici Associates 605,500 4.29
The Collectors' Fund 124,600 0.88
Porter, Felleman Inc. 49,300 0.35
A. Alex Porter 779,400 5.52
Paul Orlin 779,400 5.52
</TABLE>
(b) Messrs. Porter and Orlin, as General Partners of the Partnerships and
Principals of PFI, have sole power to vote, direct the vote, dispose and
direct the disposition of such shares listed as beneficially owned by it
in Item 5(a).
(c) The trade dates, number of shares and price per share of transactions
made on the part of the Reporting Persons in shares of Common Stock
within the last sixty days or since the most recent filing on Schedule
13D, whichever is less, are set forth in Exhibit 1. The purchases set
forth in Exhibit 1 were effected by the Reporting Persons on the New York
Stock Exchange.
ITEM 6. CONTRACTS ARRANGEMENTS UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
As reported in Items 3 and 5(a), Exhibit 1 sets forth certain information
regarding the number of shares purchased, the price per share, the trade date,
and the aggregate purchase price paid by each purchaser.
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.
Dated: June 6, 2000 A. Alex Porter
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Paul Orlin
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