<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
Semele Group Inc.
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(Name of Issuer)
Common Stock, $.10 par value per share
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(Title of Class of Securities)
8166 18 201
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(CUSIP Number)
Gary D. Engle, President, Equis Financial Group
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200 Nyala Farms, Westport, Connecticut 06880
(203) 341-0555
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
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November 2, 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
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
/ /.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. 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. 8166 18 201 Page 2 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary D. Engle
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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
USA
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NUMBER OF 7. SOLE VOTING POWER
SHARES 964,949
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BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY None
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EACH 9. SOLE DISPOSITIVE POWER
REPORTING 887,889
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PERSON 10. SHARED DISPOSITIVE POWER
WITH None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
964,949
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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)
39.3%
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14. TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 3 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AFG Hato Arrow Limited Partnership
I.R.S. I.D. No. 04-3144610
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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
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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
Massachusetts
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NUMBER OF 7. SOLE VOTING POWER
SHARES 63,544
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BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY None
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EACH 9. SOLE DISPOSITIVE POWER
REPORTING 63,544
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PERSON 10. SHARED DISPOSITIVE POWER
WITH None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,544
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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)
2.6%
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14. TYPE OF REPORTING PERSON
PN
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 4 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AFG Dove Arrow Limited Partnership
I.R.S. I.D. No. 04-3140602
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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
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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
Massachusetts
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NUMBER OF 7. SOLE VOTING POWER
SHARES 61,673
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BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY None
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EACH 9. SOLE DISPOSITIVE POWER
REPORTING 61,673
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PERSON 10. SHARED DISPOSITIVE POWER
WITH None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,673
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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)
2.5%
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14. TYPE OF REPORTING PERSON
PN
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 5 of 12 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIP/Larkfield Limited Partnership
I.R.S. I.D. No. 04-3082082
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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
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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
Massachusetts
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NUMBER OF 7. SOLE VOTING POWER
SHARES 73,483
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BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY None
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EACH 9. SOLE DISPOSITIVE POWER
REPORTING 73,483
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PERSON 10. SHARED DISPOSITIVE POWER
WITH None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,483
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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)
3.0%
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14. TYPE OF REPORTING PERSON
PN
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 6 of 12 Pages
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Item 1.
SECURITY AND ISSUER
This statement on Schedule 13D relates to the Common Stock, $.10 par
value per share (the "Common Stock"), of Semele Group Inc., a Delaware
corporation ("Semele"), and amends a Schedule 13D filed on November 30, 2000,
to correct certain information. The principal executive offices of Semele are
located at 200 Nyala Farms, Westport, Connecticut 06880.
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed by the following four reporting persons
(collectively, the Reporting Persons," and individually, a "Reporting Person"):
1. Gary D. Engle. Mr. Engle is Chairman and Chief Executive Officer of
Semele. Mr. Engle is also President and Chief Executive Office of Equis
Corporation, the general partner of Equis Financial Group Limited Partnership, a
Massachusetts limited partnership ("Equis"). Equis is engaged primarily in the
business of managing leased assets and funds holding leased assets. Mr. Engle's
business address is 200 Nyala Farms, Westport, Connecticut 06880. Mr. Engle is a
U.S. citizen.
2. AFG Hato Arrow Limited Partnership ("Hato"), a Massachusetts
limited partnership. Hato is a special purpose limited partnership whose
assets consist solely of certain tangible leased assets. The sole general
partner of Hato is AFG Leasing VI Incorporated ("Leasing VI"), a
Massachusetts corporation which serves as a general partner of a number of
limited partnerships. The principal place of business and principal office of
Hato and Leasing VI are located at 88 Broad Street, Boston Massachusetts
02110. The chief executive officer of Leasing VI is Geoffrey A. MacDonald,
and Mr. MacDonald is the sole director of Leasing VI. Leasing VI is
controlled by Gary D. Engle. Mr. Engle is Chairman and Chief Executive
Officer of Semele and President and Chief Executive Officer of Equis, and Mr.
MacDonald is Chairman of Equis. Equis is controlled by Mr. Engle. The
business address of Mr. Engle is 200 Nyala Farms, Westport, Connecticut
06880. The business address for each of Mr. MacDonald and Equis is 88 Broad
Street, Boston, Massachusetts 02110. Mr. Engle and Mr. MacDonald are U.S.
citizens.
3. AFG Dove Arrow Limited Partnership ("Dove"), a Massachusetts limited
partnership. Dove is a special purpose limited partnership whose assets consist
solely of certain tangible leased assets. The sole general partner of Dove is
Leasing VI. The principal place of business and principal office of Dove are
located at 88 Broad Street, Boston Massachusetts 02110.
4. AIP/Larkfield Limited Partnership ("Larkfield"), a Massachusetts
limited partnership. Larkfield is a special purpose limited partnership whose
assets consist solely of certain tangible leased assets. The sole general
partner of Larkfield is AFG Leasing IV
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 7 of 12 Pages
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Incorporated ("Leasing IV"), a Massachusetts corporation which serves as a
general partner of a number of limited partnerships. The principal place of
business and principal office of Larkfield and Leasing IV are located at 88
Broad Street, Boston Massachusetts 02110. The chief executive officer of
Leasing IV is Mr. MacDonald, and Mr. Engle and Mr. MacDonald are the
directors of Leasing IV. Leasing IV is controlled by Mr. Engle.
During the last five years, none of the Reporting Persons nor, to the
best knowledge of the Reporting Persons, any of the other persons named in this
Item 2 (i) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) was a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Engle as of November 2, 2000, acquired 400,789 shares of Common
Stock of Semele in payment of $2,084,108 of principal and accrued interest
owed to Mr. Engle under the terms of a promissory note issued to Mr. Engle on
December 22, 1999, in connection with the acquisition by Semele on that date
of 85% of the outstanding capital stock of Equis II Corporation ("Equis II")
for approximately $19.6 million. The other selling Equis II stockholders were
James A. Coyne, President and Chief Operating Officer of Semele, and four
trusts for the benefit of Mr. Engle's children, of which Mr. Engle's brother
serves as trustee.
Semele and the former Equis II stockholders agreed that the installment
of the purchase price of $3,6000,000 in the aggregate that was due on May 31,
2000, plus accrued interest of $99,600 in the aggregate through August 31, 2000,
be paid in 711,462 shares of Semele Common Stock valued at $5.20 per share, if
stockholder approval for the payment in shares was obtained. Stockholder
approval was obtained on November 2, 2000. On October 31, 2000, the closing
price of a share of Semele Common Stock on the Nasdaq Small Cap Market was $4.00
per share.
None of the 400,789 shares of Semele Common Stock acquired by Mr. Engle
was registered under the Securities Act of 1933.
ITEM 4. PURPOSE OF TRANSACTION
Mr. Engle acquired the shares of Semele Common Stock in connection with
Semele's acquisition of Equis II, the purpose of which was to provide Semele
with access to additional capital, to diversify Semele's asset base and to
provide it with a larger asset base over which it could amortize its fixed
costs. Mr. Engle agreed to the payment of the May 31, 2000, installment of the
purchase price plus accrued interest through August 31,
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 8 of 12 Pages
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2000, in Semele Common Stock because he believes the Common Stock to be an
attractive investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As of the date of this statement, Mr. Engle beneficially owns 964,949
shares of Semele Common Stock, representing approximately 39.3% of the
outstanding shares of Semele Common Stock, Hato beneficially owns 63,544 shares
of Semele Common Stock, representing approximately 2.6% of the outstanding
shares of Semele Common Stock, Dove beneficially owns 61,673 shares of Semele
Common Stock, representing approximately 2.5% of the outstanding shares of
Semele Common Stock, and Larkfield beneficially owns 73,483 shares of Semele
Common Stock, representing approximately 3.0% of the outstanding shares of
Semele Common Stock. The shares beneficially owned by Mr. Engle include 689,189
shares owned directly, 77,060 shares owned by the trustee of a rabbi trust for
the benefit of Mr. Engle, which represent salary deferred by Mr. Engle through
October 30, 2000, and the aggregate of 198,700 shares owned by Hato, Dove and
Larkfield, which Mr. Engle is deemed to beneficially own because he has
effective control over those partnerships. Mr. Engle disclaims beneficial
ownership of all the shares owned by Hato, Dove and Larkfield, except to the
extent that he has a pecuniary interest in such shares under Section 16(a) of
the Act. Hato disclaims beneficial ownership of the shares of Semele Common
Stock owned by Mr. Engle, Dove or Larkfield, Dove disclaims beneficial ownership
of the shares of Semele Common Stock owned by Mr. Engle, Hato or Larkfield and
Larkfield disclaims beneficial ownership of the shares of Semele Common Stock
owned by Mr. Engle, Hato or Dove.
Mr. Engle has the sole power to vote and dispose of, or to direct the
vote and disposition of, the 689,189 shares owned by him individually. Mr. Engle
has the sole power to vote or to direct the vote of the 77,060 shares owned by
the trustee of the rabbi trust, and no power to dispose of or to direct the
disposition of such shares. Because Mr. Engle has effective control over Hato,
Dove and Larkfield, he may be deemed to have the sole power to vote and dispose
of, or to direct the vote and disposition of, the 198,700 shares owned by those
partnerships. Each of Hato, Dove and Larkfield has the sole power to vote and
dispose of, or to direct the vote and disposition of, the shares of Semele
Common Stock owned by it.
There have been no transactions in Semele Common Stock by any
Reporting Person, or, to the best knowledge of the Reporting Persons, by any
of the other persons identified in Item 2 above, during the 60-day period
prior to the date of this statement, except as follows: On May 31, the
trustee of the rabbi trust for the benefit of Mr. Engle received from Semele
2,273 shares of Semele Common Stock for the benefit of Mr. Engle, valued at
$4.40 per share; on June 30, 2000, the trustee received 2,228 shares for the
benefit of Mr. Engle, valued at $4.4875 per share; on July 31, 2000, the
trustee received 2,286 shares for the benefit of Mr.
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 9 of 12 Pages
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Engle, valued at $4.375 per share; on August 31, 2000, the trustee received
2,272 shares for the benefit of Mr. Engle, valued at $4.40 per share; on
September 30, 2000, the trustee received 2,282 shares for the benefit of Mr.
Engle, valued at $4.3818 per share; and on October 31, 2000, the trustee
received 2,367 shares for the benefit of Mr. Engle, valued at $4.225 per
share. All these shares represent salary deferred by Mr. Engle during 2000.
Except for the respective partners comprising each of Hato, Dove and
Larkfield and the trustee of the rabbi trust for the benefit of Mr. Engle, no
other person is known to have the right to receive or the power to direct the
receipt of dividends from, and, except for the respective partners comprising
each of Hato, Dove and Larkfield, no other person is known to have the right to
receive or the power to direct the receipt of the proceeds from the sale of, the
Semele Common Stock owned by any Reporting Person.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Of the shares beneficially owned by Mr. Engle, 77,060 shares are held
by the trustee of a rabbi trust for the benefit of Mr. Engle. These shares
represent Mr. Engle's salary from Semele, which he has elected to defer. Shares
in the rabbi trust attributable to Mr. Engle's salary are not subject to
forfeiture. Shares in the rabbi trust attributable to any bonus from Semele
deferred by Mr. Engle are forfeited and returned to Semele if Semele terminates
Mr. Engle's employment for cause. Shares held in the rabbi trust for the benefit
of Mr. Engle will be distributed to him on termination of employment, except
that if Semele Common Stock is not then readily tradeable, Semele will redeem
the shares in installments within three years at fair market value.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Joint Filing Agreement dated December 4, 2000, among the
Reporting Persons.
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SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 10 of 12 Pages
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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.
December 4, 2000 /s/ Gary D. Engle
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Gary D. Engle
AFG HATO ARROW LIMITED PARTNERSHIP
By: AFG Leasing VI Incorporated, its
General Partner
December 4, 2000 By: /s/ Michael J. Butterfield
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Michael J. Butterfield,
Treasurer
AFG DOVE ARROW LIMITED PARTNERSHIP
By: AFG Leasing VI Incorporated, its
General Partner
December 4, 2000 By: /s/ Michael J. Butterfield
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Michael J. Butterfield,
Treasurer
AIP/LARKFIELD LIMITED PARTNERSHIP
By: AFG Leasing IV Incorporated, its
General Partner
December 4, 2000 By: /s/ Michael J. Butterfield
-----------------------------
Michael J. Butterfield,
Treasurer
<PAGE>
SCHEDULE 13D
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CUSIP No. 8166 18 201 Page 11 of 12 Pages
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EXHIBIT INDEX
EXHIBIT PAGE NUMBER
1. Joint Filing Agreement dated December 4, 2000, among the 12
Reporting Persons.
