SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 1
UNITED MOBILE HOMES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
91-1024107
(CUSIP Number)
Peter J. Gellert with a copy to: Eugene W.Landy, Esq.
Beechmont Company Landy & Landy
34th Floor 125 Wyckoff Road
122 East 42nd Street P.O. Box 335
New York, New York 10168-0127 Eatontown, New Jersey 07724
(212) 599-3620 (732) 542-4555
(Name, address and telephone number of Person Authorized to Receive Notices
and Communications)
March 8, 1998--April 20, 1998
(Date of Event Which Requires Filing this Statement)
TERMINATION OF REPORTING REQUIREMENT BY REASON OF NO
LONGER BEING A 5% HOLDER
If the filing person has previously filed a
statement on Schedule 13G to report the acquisition which is
the subject of this statement, and is filing this statement
because of Rule 13d-1(b)(3) or (4), check the following:
[ ]
Check the following box if a fee is being paid
with this statement: [ ]
The Issuer currently has outstanding 6,993,286
shares of Common Stock. By reason of the increase in the
number of shares outstanding and the decrease in the
holdings of Beechmont Company, Beechmont Company is no
longer a 5% holder of the Common Stock of the Issuer. The
purpose of this Amendment is to report a change in
beneficial ownership that terminates the filer's obligation
to report.
<PAGE>
1. Name of Reporting Person, S.S. or I.R.S. Identification
No. of Reporting Person:
Beechmont Company I.D. #13-6274730
2. Check appropriate box if member of a group:
a) [ X ]
b) [ ]
3. SEC Use Only
4. Source of Funds:
Beechmont Company used personal funds of the beneficial
owners for whom it is acting as agent as outlined in ITEM
5(a) on Page 4 hereof.
5. Check if Disclosure of Legal Proceedings is Required
pursuant to Items 2(d) or 2(e):
6. Citizen or Place of Organization: New York, New York
Number of Shares 7. Sole Voting Power -0- shares
Beneficiall Owned 8. Shared Voting Power 332,568 shares
by Reporting Person 9. Sole Dispositive Power -0- shares
10. Shared Dispositive Power 332,568 shares
11. Aggregate Amount Beneficially Owned by Reporting Person:
332,568 shares
12. Check if the Aggregate Amount in Row (11) excludes Certain Shares:
[ X ]
13. Percent of Class Represented by Amount in Row (11):
4.75%
14. Type of Reporting Person: New York Partnership
<PAGE>
ITEM 1. SECURITY AND ISSUER
Common Stock issued by United Mobile Homes, Inc., 125 Wyckoff
Road, Eatontown, New Jersey 07724.
ITEM 2. IDENTITY AND BACKGROUND
(a) The person filing this statement is Beechmont Company,
a New York Partnership. The partners are as follows:
Walter Petschek Social Security ####-##-####
Robert J. Gellert Social Security ####-##-####
Peter J. Gellert Social Security ####-##-####
(b) The business address of the partners named in ITEM 2(a) above is 122
East 42nd Street, 34th Floor, New York, New York 10168-0127.
(c) The present principal occupations of the partners named in
ITEM 2(a) above are as follows:
Walter Petschek Private Investor
Robert J. Gellert Executive
Peter J. Gellert Executive
(d) The partners named in ITEM 2(a) have not been convicted in a
criminal proceeding during the past five years, nor have any of
the beneficial owners, beneficiaries of trusts, or partners
in the partnership mentioned in ITEM 5 below.
(e) The partners named in ITEM 2(a) above have not, during the past
five years, been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction that resulted
in a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject
to federal or state security laws or finding any violations with
respect to such laws, nor have any of the beneficial owners,
beneficiaries of trusts, or partners in the partnership
mentioned in ITEM 5 below.
(f) The partners named in ITEM 2(a) above are citizens of the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Answers to this Item 3 for Beechmont Company are set forth above.
<PAGE>
ITEM 4. PURPOSE OF TRANSACTION
Common Stock of United Mobile Homes, Inc. was acquired for
investment purposes. The acquisition involves no change of
control of United Mobile Homes, Inc. Therefore, Item 4 is
somewhat inapplicable. Beechmont Company has no plans for the
following:
(a) The acquisition by any person or additional securities of
the issuer,or the disposition of securities of the issuer;
except that purchases of United Mobile Homes, Inc. common stock
in amounts up to 60,000 shares may be made from time to time in
the open market;
(b) the extraordinary corporate transaction, such as merger,
reorganization or liquidation, involving the issuer or any
of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the
issuer or any of its subsidiaries;
(d) any change in the present board of directors or management of
the issuer, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the
board;
(e) any other material change in the issuer's business or
corporate structure;
(f) changes in the issuer's charter, by-laws or instruments
corresponding thereto or other actions which may
impede the acquisition or control of the issuer by any person;
(g) causing a class of securities of the issuer to be delisted
from a national securities exchange or to cease to be authorized
to be quoted in an interdealer quotation system of a registered
national securities association;
(h) a class of equity securities of the issuer becoming
eligible for termination of registration; or
(i) any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the close of business on April 28, 1998,
the following table lists the aggregate number of shares
and the percentage of the shares of common stock owned:
<PAGE>
Aggregate Number Percentage of
Name of Shares Owned Shares Owned
Beechmont Company 332,568 shares 4.75%
Beechmont Company is acting on behalf of beneficial owners of
common stock of United Mobile Homes, Inc., which beneficial
owners are linked to the Petschek/Gellert families, and include
eight (8) individual family members, eight (8) trusts for
members of the family, and one (1) estate of a family member.
The largest amount of common stock of United Mobile Homes, Inc.
owned by one of the beneficial owners is 63,104 shares. No
individual owner, individual family trust or the family invest-
ment partnership would be a beneficial owner of five percent
(5%) or more of United Mobile Homes, Inc.
(b) The information required by this sub-paragraph is
contained in the responses to ITEMS 7-10 of the second part of
the cover page hereto, which items are hereby incorporated by
reference.
(c) The following transactions were effected by Beechmont Company
with respect to the Common Stock of United Mobile Homes, Inc.
during the past 60 days:
Amt.of Character of Price Per
Name Date Shares Transaction Share
Beechmont Company 4/20/98 1,832 Open Market Sale $11.375
Beechmont Company 3/25/98 12,700 Open Market Sale $11.50
Beechmont Company 3/24/98 4,200 Open Market Sale $11.50
Beechmont Company 3/18/98 400 Open Market Sale $11.50
Beechmont Company 3/17/98 2,700 Open Market Sale $11.50
Beechmont Company 3/11/98 4,100 Open Market Sale $11.50
Beechmont Company 3/9/98 2,500 Open Market Sale $11.50
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) between the person
named in ITEM 2 hereof or between such person and any person
with respect to any securities of United Mobile Homes, Inc.
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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.
Dated: April 28, 1998
/s/Peter J. Gellert
Peter J. Gellert
