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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------------------
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES ACT
OF 1934
AMENDMENT NO. 1
FINAL AMENDMENT
AND
SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
-----------------------------
(AMENDMENT NO. 3)
LANDMARK LAND COMPANY, INC.
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(NAME OF SUBJECT COMPANY)
KARENINA PROPERTIES, LLC
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(BIDDER)
COMMON STOCK, PAR VALUE $.50 PER SHARE
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(TITLE OF CLASS OF SECURITIES)
515062107
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(CUSIP NUMBER OF CLASS OF SECURITIES)
MORRIS ORENS, ESQ.
SHEREFF, FRIEDMAN, HOFFMAN & GOODMAN, LLP
919 THIRD AVENUE
NEW YORK, NEW YORK 10022
TELEPHONE: ( 212) 758-9500
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSONS AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDER)
Note: The remainder of this cover page is only to be completed if the Schedule
14D-1 (or amendment thereto) is being filed, inter alia, to satisfy the
reporting requirements of section 13(d) of the Securities Exchange Act of 1934.
See General Instructions D, E and F to Schedule 14D-1.
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 the
disclosure provided in a prior cover page.
The information required in 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 14D-1
CUSIP No. 515062107 Page 2 of Pages
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<TABLE>
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Karenina Properties, LLC (133965725)
- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) | |
- -----------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,387,280
- -----------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES* | |
- -----------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
17.3%
- -----------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*
CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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SCHEDULE 14D-1
CUSIP No. 515062107 Page 3 of Pages
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<TABLE>
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gotham Partners, L.P. (133700768)
- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) | |
- -----------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -----------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,341,901
- -----------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES* | |
- -----------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
41.8%
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10 TYPE OF REPORTING PERSON*
CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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SCHEDULE 14D-1
CUSIP No. 515062107 Page 4 of Pages
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<TABLE>
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gotham Partners II, L.P. (133863925)
- -----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- -----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -----------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) | |
- -----------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -----------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,408,759
- -----------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* | |
- -----------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.6%
- -----------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*
CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
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SCHEDULE 14D-1, AMENDMENT NO. 1
AND
SCHEDULE 13D, AMENDMENT NO. 3
LANDMARK LAND COMPANY, INC.
Karenina Properties, LLC hereby amends and supplements its Tender
Offer Statement on Schedule 14D-1 filed on September 10, 1997 (the "Statement")
with respect to its offer to purchase any and all outstanding shares of Common
Stock, par value $.50 per share of Landmark Land Company, Inc. Only those items
amended and supplemented hereby are included herein. Capitalized terms used but
not defined herein shall have the respective meanings ascribed to them in the
Statement.
ITEM 6 INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
The information set forth in Item 6 of the Statement is
hereby amended and supplemented by the following information:
The Offer expired at 12:00 midnight, New York City time on October 7,
1997. The Purchaser has been advised by the Depository that approximately
1,387,280 Shares had been properly tendered as of the Expiration Date,
including 56,026 Shares tendered by notice of guaranteed delivery. After the
Offer, the Purchaser, Gotham and Gotham II, collectively, beneficially own
3,363,380 Shares representing 42.0% of the outstanding Shares, of which the
Purchaser directly owns 1,387,280 Shares, Gotham directly owns 1,954,621 Shares
and Gotham II directly owns 21,479 Shares. The percentages in this paragraph
are calculated based upon 8,001,170 outstanding Shares, as of November 14,
1991, as reported in the Company's Final Form 10-Q dated as of September 30,
1991. The period for delivery of Shares pursuant to the guaranteed delivery
procedures of the Offer shall expire on October 10, 1997.
Page 5
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SIGNATURE
After due 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.
Dated: October 8, 1997 KARENINA PROPERTIES, LLC
By: /s/ William A. Ackman
--------------------------------
Name: William A. Ackman
Title: Manager
GOTHAM PARTNERS, L.P.
By: Section H Partners, L.P.,
its general partner
By: Karenina Corporation,
a general partner of Section H Partners,
L.P.
By: /s/ William A. Ackman
--------------------------------
Name: William A. Ackman
Title: President
GOTHAM PARTNERS II, L.P.
By: Section H Partners, L.P.,
its general partner
By: Karenina Corporation,
a general partner of Section H Partners,
L.P.
By: /s/ William A. Ackman
----------------------------------
Name: William A. Ackman
Title: President
Page 6