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Securities and Exchange Commission
Washington, D.C. 20549
Amendment No. 3
to
SCHEDULE 13D
Under the Securities Exchange Act of l934
Yonkers Financial Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
986073104
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Simeon Brinberg (CUSIP Number)
60 Cutter Mill Road, Great Neck, New York 11021 516-466-3100
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 24, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to
report the acquisition which is the subject of this Schedule l3D, and is filing
this schedule because of Rule l3d-l(e), 13d-1 (f) or 13d-1(g), check the
following box / /.
NOTE: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule l3d-l(a) for other
parties to whom copies are to be sent.
Page 1 of 10 Pages
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Page 2 of 10 Pages
Cusip No. 986073104
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l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gould Investors L.P. - 11-2763164
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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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
Delaware
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7. SOLE VOTING POWER - 257,100
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 257,100
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 257,100
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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)
9.9353%
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14. TYPE OF
REPORTING PERSON*
PN
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Page 3 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fredric H. Gould Spousal IRA ###-##-####
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(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 - 0
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 0
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 0
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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)
LESS THAN 0%
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14. TYPE OF
REPORTING PERSON*
OO
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Page 4 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Gould Family Charitable Foundation of New York -
11-3262391
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(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
New York
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7. SOLE VOTING POWER - 0
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 0
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 0
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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)
LESS THAN 0%
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14. TYPE OF
REPORTING PERSON *
OO
* Fredric H. Gould, Helaine Gould (Mr. Gould's spouse), Matthew Gould,
Jeffrey Gould and Wendy Shenfeld (Mr. Gould's children) are Trustees of the
Gould Family Charitable Foundation of New York.
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Page 5 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Israel Rosenzweig ###-##-####
Israel Rosenzweig as trustee under Paragraph Fourth w/o Evelyn Rosenzweig
11-6446510 and Israel Rosenzweig, as Trustee under Paragraph Second
w/o Evelyn Rosenzweig - 11-6446511
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(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 - 0
NUMBER OF ---------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ---------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 0
EACH ---------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH ---------------------------------------------
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 0
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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)
LESS THAN 0%
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Page 6 of 10 Pages
14. TYPE OF
REPORTING PERSON*
IN
*Israel Rosenzweig is sole trustee of the trusts created under his deceased
spouse's last will and testament for the benefit of Mr. Rosenzweig's children.
Mr. Rosenzweig has sole voting and dispositive power.
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Page 7 of 10 Pages
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stuart S. Gould - ###-##-####
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(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 - 0
NUMBER OF --------------------------------------------
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY --------------------------------------------
OWNED BY 9. SOLE DISPOSITIVE POWER - 0
EACH --------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH --------------------------------------------
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 0
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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)
0%
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14. TYPE OF
REPORTING PERSON*
IN
Page 8 of 10 Pages
This amendment further amends and supplements Schedule 13D dated June 11, 1998,
as amended to date. Except as amended by this amendment there has been no change
in the information previously reported on Schedule 13D, as previously amended.
Item 3. Source and Amount of Funds or Other Consideration
As of the date hereof, the Partnership owns a total of 257,100 shares of
Common Stock of the Company. The funds used to make these purchases came from
the Partnership's working capital. The Partnership has an availability of
approximately $24,000,000 under a margin account maintained by the Partnership
with the Saloman SmithBarney. As of the date hereof there is zero outstanding
under this facility. The other persons or entities who joined in the Schedule
13D, dated June 11, 1999, have disposed of all shares of Common Stock owned by
them.
Item 5. Interest in Securities of the Issuer
(a) The Partnership owns, as of this date, 257,100 shares of Common Stock of the
Company, constituting approximately 9.9353% of the shares of Common Stock
outstanding (based on 2,587,739 shares outstanding). The other persons or
entities who joined in the Schedule 13D dated June 11, 1998 have disposed of all
shares of Common Stock owned by them.
(b) The Partnership has sole voting and dispositive power with respect to the
shares of Common Stock it beneficially owns.
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Page 9 of 10 Pages
(c) The following table sets forth transactions in Common Stock of the Company
effected by the Partnership and the other members of the Group within the past
60 days. The shares sold were open market transactions in the over-the-counter
market.
Number of Price Per
Name of Seller Date of Sale Shares Share
- -------------- ------------ --------- ---------
Gould Investors,
L.P. 8/24/1999 1500 18.125
Fredric H. Gould,
Spousal IRA 8/24/1999 700 18.125
Stuart S. Gould 8/24/1999 2000 18.125
The Gould Family Charitable Foundation of New York sold the 2,000 shares
previously reported as being owned by it in May, 1999. Israel Rosenzweig,
individually and as trustee, sold the 4,500 shares previously reported as being
owned by them in May 1999. Since filing Amendment No. 2 dated July 7, 1998, the
Partnership acquired 16,400 shares and disposed of the 1,500 shares reported in
this Amendment No. 3.
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Page 10 of 10 Pages
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: September 1, 1999
THE GOULD FAMILY GOULD INVESTORS L.P.
CHARITABLE FOUNDATION BY GEORGETOWN PARTNERS, INC.
OF NEW YORK MANAGING GENERAL PARTNER
By s/Fredric H. Gould By s/Simeon Brinberg
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Fredric H. Gould Simeon Brinberg
Senior Vice President
By s/Matthew Gould s/Fredric H. Gould
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Matthew Gould Fredric H. Gould Spousal
IRA
By s/Jeffrey Gould
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Jeffrey Gould
s/Israel Rosenzweig
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Israel Rosenzweig,
Individually and as Trustee
s/Stuart S. Gould
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Stuart S. Gould
