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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
AMREP Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
032159105
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(CUSIP Number)
David P. Maniatis With a copy to:
7720 East Redfield Road Morris Orens, Esq.
Suite 8 Swidler Berlin Shereff Friedman, LLP
Scottsdale, Arizona 85260 405 Lexington Avenue
(480) 991-2288 New York, New York 10174
(212) 973-0111
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 7, 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 which is the subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(e), (f) or (g), check the following: [ ].
Note: An EDGAR version of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-7 for other parties to whom copies are
to be sent.
*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 ("Act") 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).
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SCHEDULE 13D
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CUSIP No. 032159105 Page 2 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Greenplex Investments, L.L.C.
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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*
OO
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5 CHECK BOX 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
Arizona
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7 SOLE VOTING POWER
NUMBER OF 108,200
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 108,200
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
108,200
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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)
3.01%**
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14 TYPE OF REPORTING PERSON*
OO
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* SEE INSTRUCTIONS
** SEE ITEMS 4 AND 5
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SCHEDULE 13D
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CUSIP No. 032159105 Page 3 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rio Verde 120, LLC
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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*
OO
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5 CHECK BOX 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
Arizona
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7 SOLE VOTING POWER
NUMBER OF 31,000
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 31,000
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,000
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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)
3.01%**
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14 TYPE OF REPORTING PERSON*
OO
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* SEE INSTRUCTIONS
** SEE ITEMS 4 AND 5
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SCHEDULE 13D
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CUSIP No. 032159105 Page 4 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven S. Robson
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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*
PF
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5 CHECK BOX 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
United States
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7 SOLE VOTING POWER
NUMBER OF 61,000
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 61,000
WITH ------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,000
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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)
3.01%**
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14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
** SEE ITEMS 4 AND 5
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 3 relates to the Schedule 13D (the "Statement")
filed on May 18, 2000, Amendment No. 1 to the Statement filed on May 31, 2000
and Amendment No. 2 to the Statement filed on June 1, 2000, by Recorp Partners,
Inc., a Delaware corporation ("Recorp Partners"), Greenplex Investments, L.L.C.,
an Arizona limited liability company ("Greenplex"), Rio Verde 120, LLC, an
Arizona limited liability company ("Rio Verde") and Steven S. Robson ("Mr.
Robson" and collectively, the "Reporting Persons") with respect to the common
stock, par value $.10 per share (the "Common Stock"), of AMREP Corporation, an
Oklahoma corporation (the "Company" or the "Issuer"), which has its principal
executive office at 641 Lexington Avenue, Sixth Floor, New York, New York 10022.
Unless otherwise specified, all capitalized terms herein have the meanings
assigned to them in the Statement.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is hereby
amended in its entirety as follows:
The shares of Common Stock described in this Statement were acquired by
the Reporting Persons for approximately $1,180,869 of which: (i) approximately
$998,771 was obtained from the working capital and personal funds of the
Reporting Persons and (ii) approximately $182,098 was obtained through loans
from A.G. Edwards & Sons, Inc. ("A.G. Edwards"). The loans from A.G. Edwards
conform with the Securities Exchange Act of 1934 and Regulation T of the Board
of Governors of the Federal Reserve System.
ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby supplemented as follows:
In connection with the Reporting Persons' May 30, 2000 offer to acquire
the Company for $9.00 per share in a cash merger, the Reporting Persons have
sent a letter to the Company, dated June 8, 2000 and attached hereto as Exhibit
8.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and
supplemented as follows:
Section 5(a) is hereby amended in its entirety as follows:
Mr. Robson is the beneficial owner of 61,000 shares of Common
Stock (representing 0.92% of the outstanding shares of Common Stock).
Greenplex is the beneficial owner of 108,200 shares of Common
Stock (representing 1.63% of the outstanding shares of Common Stock). Such
shares may be deemed to be indirectly owned by the Trust, in its capacity as the
owner of a 99.98% interest in Greenplex, and by Mr. Maniatis as the sole
beneficiary of the Trust.
Page 5
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Rio Verde is the beneficial owner of 31,000 shares of Common Stock
(representing 0.47% of the outstanding shares of Common Stock). Such shares may
be deemed to be indirectly owned by First Trust Company of Onaga, N.A., as
custodian for the IRA account of Eugenia L. Hoof (deceased), in its capacity as
owner of an 83.6% interest in Rio Verde on behalf of Mr. Maniatis as the
principal beneficiary.
Section 5(c) is hereby supplemented as follows:
On June 7, 2000, Greenplex tendered 167,426 shares of Common Stock
at $7.00 per share pursuant to the Company's Dutch Auction self-tender offer
(the "Dutch Auction"). On June 7, 2000, Recorp Partners tendered 15,000 shares
of Common Stock at $7.00 per share pursuant to the Dutch Auction.
On June 7, 2000, Greenplex made the following purchases of shares
of Common Stock on the open market: (i) 500 shares at $6.9375 per share, (ii)
1,500 shares at $6.9375 per share and (iii) 1,000 shares at $6.8125.
Section 5(e) is hereby amended in its entirety as follows:
The Reporting Persons have ceased to be the beneficial owners of
more than five percent of the outstanding shares of Common Stock on June 7,
2000.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Item 7 is hereby supplemented
as follows:
Exhibit 8: Letter dated June 8, 2000, to the Company
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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.
Greenplex Investments, L.L.C.
By: /s/ David P. Maniatis
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Date: June 9, 2000 Name: David P. Maniatis
Title: Manager
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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.
Rio Verde 120, LLC
By: Recorp Management, Inc., Manager
By: /s/ David P. Maniatis
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Date: June 9, 2000 Name: David P. Maniatis
Title: Secretary
Page 8
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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.
/s/ Steven S. Robson
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Date: June 9, 2000 Steven S. Robson
Page 9
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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.
Recorp Partners, Inc.
By: /s/ David P. Maniatis
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Date: June 9, 2000 Name: David P. Maniatis
Title: President
Page 10
