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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Homeplex Mortgage Investments Corporation
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
43740F 1
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(CUSIP Number)
Alan D. Hamberlin
5333 N. Seventh Street
Suite 305
Phoenix, Arizona 85014
(602) 265-9467
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 23, 1996
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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(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 purposes 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 1 of 4
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CUSIP NO. 43740F 10 1 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
Alan D. Hamberlin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
Not applicable.
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
819,623/(1)/
NUMBER OF -------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED -0-
BY EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 819,623/(1)/
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
819,623/(1)/
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12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.81% /(1)/
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14 TYPE OF REPORTING PERSON
IN
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/(1)/ Includes 781,723 shares of Common Stock issuable upon the exercise of
outstanding stock options which are exercisable as of December 23, 1996
or within sixty days thereof.
Page 2 of 4
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ITEM 1. SECURITY AND ISSUER
The class of securities to which this statement relates is the common
stock, par value $.01 per share (the "Common Stock") of Homeplex Mortgage
Investments Corporation ("HPX"), a Maryland corporation, whose principal
business and executive offices are located at 5333 N. Seventh Street, Suite
219, Phoenix, Arizona 85014.
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c) and (f) This statement is filed on behalf of the reporting
person, Alan D. Hamberlin, an individual. Mr. Hamberlin resides in
Arizona, and he currently serves as Chairman of the Board and Chief
Executive Officer of HPX. Mr. Hamberlin's principal occupation is
President of Courtland Homes, Inc., a single-family residential home-
builder located in Phoenix, Arizona. Courtland Homes, Inc.'s principal
business address is 5333 N. Seventh Street, Suite 305, Phoenix, Arizona
85014.
(d) None.
(e) None.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not Applicable.
ITEM 4. PURPOSE OF TRANSACTION
On December 23, 1996, stock options relating to Mr. Hamberlin's
employment agreement with HPX were approved by the shareholders of HPX, and
entitle him to purchase an aggregate of 475,000 shares of Common Stock of
HPX, which are immediately exercisable at an exercise price of $1.50 per
share. Pursuant to such employment agreement, an additional 275,000 stock
options will become exercisable on December 21, 1997. Mr. Hamberlin
currently intends to hold securities in HPX for investment purposes, and
has no plans or proposals which relate to or would result in the occurrence
of the events described in Items 4(a)- (j).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The following information assumes the exercise of all HPX stock
options held by Mr. Hamberlin.
(a) Mr. Hamberlin beneficially owns 819,623 shares of the Common Stock,
which represents approximately 7.81% of the outstanding HPX Common
Stock.
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(b) Mr. Hamberlin has sole voting and dispositive power with respect to
819,623 shares of the Common Stock he beneficially owns.
(c) On December 23, 1996, Mr. Hamberlin acquired the right to purchase
475,000 shares of Common Stock of HPX through the grant and approval
of HPX stock options which are exercisable at $1.50 per share. Mr.
Hamberlin has made no other purchases of Common Stock within the past
sixty days.
(d) None.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATION-SHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
To the best knowledge of the undersigned, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among
the person named in Item 2 and any person with respect to any securities of
HPX, including but not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option agreement, puts
or calls, guarantees of profits, division of profits or loss, or the giving
or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable.
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 as of December 30, 1996
By: /s/ Alan D. Hamberlin
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Alan D. Hamberlin
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