UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.__)*
TRANSCONTINENTAL REALTY INVESTORS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
$.01 Par Value Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
893617-20-9
- --------------------------------------------------------------------------------
(CUSIP Number)
Randall M. Paulson, President
Transcontinental Realty Investors, Inc., 10670 North Central
Expressway,
Suite 300, Dallas TX 75231; Tel. (214) 692-4700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 15, 1997
- --------------------------------------------------------------------------------
(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
schedule because of Rule 13d-1(b)(3) or (4), check the following box ___.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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).
<PAGE>
CUSIP NO. 893617-20-9
1) Names of Reporting Persons S.S. or IRS Identification Nos. of Above Person
###-##-####
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)_______________________________________________________________________
(b)_______________________________________________________________________
3) SEC Use Only______________________________________________________________
4) Source of Funds (See Instructions) PF
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)______________________________________________________________
6) Citizenship or Place of Organization United States
Number of (7) Sole Voting Power 198,450
Shares Bene-
ficially (8) Shared Voting Power 0
Owned by
Each (9) Sole Dispositive Power 198,450
Reporting
Person
With (10) Shared Dispositive Power 0
11) Aggregate Amount Beneficially Owned by Each Reporting Person 198,450
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)_____________________________________________________________
13) Percent of Class Represented by Amount in Row (11) 5.1
14) Type of Reporting Person (See Instructions) IN
2
<PAGE>
Item 1. Security and Issuer.
The class of equity securities to which this Schedule 13D relates is the
common stock, $.01 par value ("Common Stock") of Transcontinental Realty
Investors, Inc. The principal executive offices of Transcontinental Realty
Investors, Inc. are located at 10670 North Central Expressway, Suite 300,
Dallas, TX 75231.
Item 2. Identity and Background.
This statement is being filed by Maurice A. Halperin. My business address
is 2500 North Military Trail, Suite 225, Boca Raton, Florida 33431. I am a
private investor. During the last five years, I have not been convicted in a
criminal proceeding (excluding traffic violations or other similar misdemeanors)
and I have not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which resulted in my being subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws. I am a citizen of the United
States.
Item 3. Source and Amount of Funds or Other Consideration.
The source of the funds for the purchase of the Common Stock was my
personal funds. The total amount of money used to purchase the Common Stock was
$2,026,845.
Item 4. Purpose of Transaction.
The purpose for the acquisitions of the Common Stock is investment.
I plan to acquire additional Common Stock with my personal funds for
investment, depending on market conditions.
Item 5. Interest in Securities of the Issuer.
I beneficially own 198,450 shares of Common Stock, or approximately 5.1
percent of the outstanding Common Stock. I have the sole power to vote and
dispose of the Common Stock. There is no shared power to vote or dispose of the
Common Stock I own.
During the sixty day period ending April 15, 1997, I purchased a total of 35,400
shares of the Common Stock through the New York Stock Exchange in twenty-one
open market transactions. The shares were purchased on my behalf by Raymond
James & Associates, a securities broker-dealer. The table below lists the
transaction date for each transaction, number of shares purchased, price per
share and total price.
3
<PAGE>
Total Price
(Includes Commissions
Date of Purchase Amount Purchased Price Per Share and/or Other Charges)
- ---------------- ---------------- --------------- ---------------------
02/25/97 2,500 $ 11 1/8 $ 27,845.50
02/26/97 1,200 11.00 13,233.00
03/10/97 2,000 11.50 23,033.00
03/10/97 600 11.50 6,930.00
03/11/97 600 11.50 6,933.00
03/12/97 1,200 12.2604 14,745.48
03/13/97 900 13.50 12,198.00
03/14/97 1,100 13.8409 15,272.99
03/19/97 2,300 14.00 32,272.00
03/19/97 100 13 7/8 1,390.50
03/21/97 1,900 13 7/8 26,395.50
03/25/97 600 13.50 8,133.00
04/02/97 200 11 1/8 2,258.00
04/08/97 2,600 11.9231 31,033.06
04/09/97 1,900 12.8947 24,532.93
04/10/97 900 13.4734 121,293.60
04/10/97 400 13.4734 5,419.36
04/11/97 1,000 13 7/8 13,908.00
04/11/97 1,400 13 7/8 19,455.00
04/14/97 1,300 13.8462 18,033.06
04/15/97 2,600 13.75 35,783.00
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
None.
4
<PAGE>
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
accurate.
DATE April 16, 1997
/S/ Maurice A. Halperin
- ----------------------------------------
Signature
Maurice A. Halperin
- ----------------------------------------
Name and Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).
