<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 3)*
RULE 13D - 2(a)
First State Bancorporation
________________________________________________________________________________
(Name of Issuer)
Common Stock no. par value
________________________________________________________________________________
(Title of Class of Securities)
336453105
_______________________________________________________________
(CUSIP Number)
Robert M. Smither, Jr.
14 South Swinton Avenue
Delray Beach, Florida 33444
(561) 243-2400
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 21, 2000
_______________________________________________________________
(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: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. (See Rule 13d-7(b) 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
----------------------- ---------------------
CUSIP NO.336453105 PAGE 2 OF 7 PAGES
----------------------- ---------------------
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Dharma Properties, Inc.
65-0744744
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CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Florida
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SOLE VOTING POWER
7 NUMBER OF
225,550
SHARES -----------------------------------------------------------
SHARED VOTING POWER
8 BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 225,550
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
225,550
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.63%
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TYPE OF REPORTING PERSON*
14
CO
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SCHEDULE 13D
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CUSIP NO.336453105 PAGE 3 OF 7 PAGES
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RUTA Investment, LP
52-2176188
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CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7 NUMBER OF
29,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
8 BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 29,000
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
29,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
.59%
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TYPE OF REPORTING PERSON*
14
PN
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SCHEDULE 13D
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CUSIP NO.336 453105 PAGE 4 OF 7 PAGES
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas E. Worrell, Jr.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
None
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
USA
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SOLE VOTING POWER
7 NUMBER OF
254,550
SHARES -----------------------------------------------------------
SHARED VOTING POWER
8 BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 254,550
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
254,550
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.22%
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TYPE OF REPORTING PERSON*
14
IN
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CUSIP No. 336453105 13D Page 5 of 7
Item 1. Security and Issuer
----------------------------
This statement relates to the Common Stock no par value ("Common Stock") of
First State Bancorporation (the "Issuer"). The name and address of the principal
executive offices of the Issuer as follows:
First State Bancorporation
7900 Jefferson NE
Albuquerque, New Mexico 87109
Item 2. Identity and Background
---------------------------------
This statement is being filed by Thomas E. Worrell, Jr. ("Mr. Worrell") and the
following entities which he directly or indirectly controls. Dharma Properties,
Inc. a Florida corporation ("DPI") which manages real estate is the record owner
of most of the shares. DPI is wholly owned by The Ares Trust, a grantor trust
which is beneficially owned by Mr. Worrell. RUTA Investment, LP, a Delaware
Partnership (RUTA), which is an investment partnership is the record owner of
some shares. RUTA is owned by RUTA Investment Company, a corporation wholly
owned by Mr. Worrell, and several Grantor Trusts beneficially owned by Mr.
Worrell and family members. The business address of all parties is 14 South
Swinton Avenue, Delray Beach, Fl. 33444
The executive officers and directors of DPI and their principal occupations are
set forth below.
Name Title Principal Occupation
---- ----- --------------------
Thomas E. Worrell, Jr. Director / Chairman Director and CEO of
numerous businesses
including several real
estate companies. He is the
beneficial owner of all
shares of reporting person
Simon Harvey President Chief Operating Officer
of Dharma Properties, Inc.
Robert M. Smither, Jr. Director/Vice President CFO of numerous businesses
Secretary/Treasurer including several real
estate companies.
All of such persons are citizens of the United States, except Simon Harvey, who
is a citizen of Great Britain. The address of all such persons is c/o DPI at the
address set forth above. During the last five years none of such persons has
been convicted in a criminal proceeding or has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which he was or is subject to a judgment, decree or final order
enjoining future violations 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
----------------------------------------------------------
The source of funds used by DPI and RUTA to purchase Common Stock was working
capital.
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CUSIP No. 336453105 13D Page 6 of 7
Item 4. Purpose of Transaction.
--------------------------------
The Reporting Persons have acquired the Shares for investment purposes and as
set forth below:
(a) The Reporting Persons may acquire additional Shares or dispose of some
or all of its Shares.
(b) None.
(c) None.
(d) None.
(e) None.
(f) None.
(g) None.
(h) None.
(i) None.
(j) None.
Item 5. Interest in Securities of the Issuer.
----------------------------------------------
(a) The aggregate number of Shares of the Issuer owned by the Reporting Persons
on November 21, 2000 was 254,550 and the percentage of the outstanding
Shares of the Issuer owned by the Reporting Persons as of such date (based
upon information provided by the Issuer, there are 4,872,486 Shares
outstanding as of this date) was 5.22%.
(b) The Reporting Persons have sole power to vote or direct the vote and sole
power to dispose or direct the disposition of all 254,550 Shares.
(c) The only transactions of the Reporting Persons during the past 60 days
were the following sales in the open market.
Date Shares Sold Price Per Share
---- ----------- ---------------
10/10/00 20,000 11.61
10/10/00 1,100 11.84
10/23/00 10,000 11.16
10/23/00 300 11.41
10/24/00 4,600 11.15
10/25/00 5,000 11.27
10/26/00 500 11.19
10/30/00 5,000 11.24
10/31/00 5,000 11.38
10/31/00 2,000 11.38
11/3/00 5,000 10.99
11/7/00 9,000 10.92
11/7/00 5,000 10.92
11/8/00 2,350 11.67
11/8/00 5,000 11.42
11/8/00 7,500 11.67
11/8/00 150 11.67
11/9/00 5,000 11.67
11/9/00 3,350 11.92
11/9/00 5,000 12.17
11/9/00 850 12.17
11/9/00 200 12.17
11/9/00 1,650 11.92
11/9/00 4,150 12.17
11/10/00 5,000 11.90
11/10/00 100 12.15
11/14/00 5,000 12.15
11/15/00 4,450 12.15
11/15/00 550 12.15
11/16/00 5,000 12.39
11/17/00 50 12.33
11/17/00 1,050 12.33
11/20/00 3,700 12.39
11/20/00 1,300 12.39
11/21/00 1,950 12.28
11/21/00 300 12.16
11/21/00 3,050 12.28
11/21/00 4,700 12.16
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CUSIP No 336453105 13D Pages 7 of 7
Item 6. Contacts Arrangements, Understandings or Relationships to Securities
of Issuer
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None.
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.
Dharma Properties, Inc.
/s/ Robert M. Smither, Jr.
----------------------------------
Robert M. Smither, Jr.
Vice President / Secretary / Treasurer
RUTA Investment, LP
/s/ Robert M. Smither, Jr.
--------------------------
Robert M. Smither, Jr.
Vice President
General Partner
Thomas E. Worrell, Jr.
/s/ Thomas E. Worrell, Jr.
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