UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
Post Properties, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
737464107
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(CUSIP Number)
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* 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 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>
SCHEDULE 13G
CUSIP No. 737464107
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LaSalle Advisors Capital Management, Inc.
36-4160747
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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 Citizenship or Place of Organization
Maryland
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5 Sole Voting Power
Number of
Shares 356,547
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
356,547
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8 Shared Dispositive Power
366,097
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
722,644
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |X|
Excludes shares beneficially owned by ABKB/LaSalle Securities Limited
Parnership
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11 Percent of Class Represented By Amount in Row (9)
2.4%
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
CUSIP No. 737464107
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ABKB/LaSalle Securities Limited Partnership
36-3991973
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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 Citizenship or Place of Organization
Maryland
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5 Sole Voting Power
Number of
Shares 326,915
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 1,294,333
Person --------------------------------------------------------
With 7 Sole Dispositive Power
326,915
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8 Shared Dispositive Power
1,401,654
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,728,569
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |X|
Excludes shares beneficially owned by LaSalle Advisors Capital
Management, Inc.
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11 Percent of Class Represented By Amount in Row (9)
5.6%
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1.
(a) Name of Issuer: Post Properties, Inc.
(b) Address of Issuer's Principal Executive Offices
3350 Cumberland Circle, Suite 2200, Atlanta, Georgia
30339-3363
Item 2.
LaSalle Advisors Capital Management, Inc. provides the following
information:
(a) Name of Person Filing: LaSalle Advisors Capital
Management, Inc.
(b) Address of Principal Business Office or, if none, Residence
200 East Randolph Drive, Chicago, Illinois 60601
(c) Citizenship: Maryland
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 737464107
ABKB/LaSalle Securities Limited Partnership provides the following information:
(a) Name of Person Filing: ABKB/LaSalle Securities Limited
Partnership
(b) Address of Principal Business Office or, if none, Residence
200 East Randolph Drive, Chicago, Illinois 60601
(c) Citizenship: Maryland
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 737464107
<PAGE>
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
(a) |_| Broker or Dealer registered under Section 15 of the Act
(b) |_| Bank as defined in Section 3(a)(6) of the Act
(c) |_| Insurance Company as defined in Section 3(a)(19) of the
Act
(d) |_| Investment Company registered under Section 8 of the
Investment Company Act
(e) |X|(3) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) |_| Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see
ss.240.13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
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(3) This response is provided on behalf of LaSalle Advisors Capital Management,
Inc. and ABKB/LaSalle Securities Limited Partnership, each an investment
adviser registered under Section 203 of the Investment Advisers Act of 1940.
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
LaSalle Advisors Capital Management, Inc. provides the
following information:
(a) Amount Beneficially Owned: 772,644
(b) Percent of Class: 2.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 356,547
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the
disposition of: 356,547
(iv) shared power to dispose or to direct the
disposition of: 366,097
<PAGE>
ABKB/LaSalle Securities Limited Partnership provides the following
information:
(a) Amount Beneficially Owned: 1,728,569
(b) Percent of Class: 5.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 326,915
(ii) shared power to vote or to direct the vote: 1,294,333
(iii) sole power to dispose or to direct the
disposition of: 329,915
(iv) shared power to dispose or to direct the
disposition of: 1,401,654
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following |_|.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
The two members of the Group are: LaSalle Advisors Capital Management,
Inc. ("LaSalle") and ABKB/LaSalle Securities Limited Partnership
("ABKB/LaSalle").
ABKB/LaSalle is a Maryland limited partnership, the limited partner of
which is LaSalle and the general partner of which is ABKB/LaSalle Securities,
Inc., a Maryland corporation, the sole stockholder of which is LaSalle. LaSalle
and ABKB/LaSalle, each registered investment advisers, have different advisory
clients.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
<PAGE>
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.
The parties agree that this statement is filed on behalf of each of them.
Dated: February 13, 1998
LASALLE ADVISORS CAPITAL MANAGEMENT, INC.
By: /s/ William K. Morrill, Jr.
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Name: William K. Morrill, Jr.
Title: Managing Director
ABKB/LASALLE SECURITIES LIMITED PARTNERSHIP
By: /s/ William K. Morrill, Jr.
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Name: William K. Morrill, Jr.
Title: Managing Director
