UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3 )*
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)
December 29, 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
<PAGE>
SCHEDULE 13D/A
CUSIP No. 020825105 PAGE 2 OF 8 PAGES
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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
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 2,090,791 shares**
--------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
2,090,791 shares**
REPORTING
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
2,090,791 shares**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
------------------------------
** Shares reported herein are also beneficially owned by other reporting
persons. See Item 5.
2
<PAGE>
SCHEDULE 13D/A
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 2,090,791 shares**
--------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
2,090,791 shares**
REPORTING
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
2,090,791 shares**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
------------------------------
** Shares reported herein are also beneficially owned by other reporting
persons. See Item 5.
3
<PAGE>
SCHEDULE 13D/A
CUSIP No. 020825105 PAGE 4 OF 8 PAGES
--------------------------------------------------------------------------------
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 2,090,791 shares**
--------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
2,090,791 shares**
REPORTING
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
2,090,791 shares**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
------------------------------
** Shares reported herein are also beneficially owned by other reporting
persons. See Item 5.
4
<PAGE>
ITEM 1. SECURITY AND ISSUER.
-------------------
This Statement constitutes Amendment No. 3 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.
-------------------------------------------------
On December 28 and 29, 2000 (the "Period"), the Adviser purchased
165,000 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. In addition, the Adviser may seek to have a representative
appointed to the Company's Board of Directors.
Other than as set forth in the preceding paragraph of this Item 4,
none of the Reporting Persons presently has any plans or proposals which relate
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 securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a
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<PAGE>
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 2,090,791 shares of Common Stock, comprising approximately 15.20% of the
13,747,235 shares of Common Stock outstanding (as reported in the Company's Form
10-Q for the fiscal quarter ended September 30, 2000). 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 2,090,791 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 in the
last sixty (60) days. 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.
6
<PAGE>
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: January 5, 2001
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
7
<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
------------- ---------------- ---------------
12/28/00 7,800 1.00
12/28/00 50,000 1.00
12/29/00 58,600 1.45
12/29/00 35,200 1.39
12/29/00 13,400 1.62
8
