United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D
Under the Securities and Exchange Act of 1934
(Amendment No. 1)
Prime Retail Inc.
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(Name of Issuer)
Prime Retail 8.5% Series B Cumulative Participating Convertible
Preferred $.01 Par Value
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Title of Class of Securities
741570-30-3
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(CUSIP Number)
Howard Amster, 23811 Chagrin Blvd., suite 200
Beachwood Ohio 44122-5525 (216) 595-1047
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
9/1/2000
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(Date of Event Which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report this 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
to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.
This 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)
1 Name of Reporting Person HOWARD AMSTER
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2 If a member group a) / /
b) /X/
---------------
3 SEC Use only
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4 Source of Funds PF
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5 Check if Disclosure of Legal Proceedings is Required
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6 Citizenship USA
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Number of Shares 7 Sole Voting 1,026,325
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8 Shared Voting 72,450
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9 Sole Dispositive 1,026,325
------------------
10 Shared Dispositive 72,450
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11 Aggregate Amount Beneficially owned 1,170,445
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12 Check if Aggregate Amount (11) Excludes Certain Shares
------------------
13 Percent of Class Represented by amount in row (11) 14.952%
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14 Type of Reporting Person IN
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1 Name of Reporting Person AMSTER LTD PARTNERSHIP
-----------------------
2 If a member group a) / /
b) /X/
--------------------------
3 SEC use only
--------------------------
4 Source of Funds OO
--------------------------
5 Check if Disclosure of Legal Proceedings is Required
---------------------------------
6 Citizenship or Place of Organization USA
---------------------------------
Number of Shares 7 Sole Voting
---------------------------------
8 Shared Voting 2,750
---------------------------------
9 Sole Dispositive
---------------------------------
10 Shared Dispositive 2,750
---------------------------------
11 Agrregate Amount Beneficially owned 2,750
---------------------------------
12 Check if Aggregate Amount (11) Excludes Certain Shares
---------------------------------
13 Percent of Class Represented by amount in row (11) .0351%
---------------------------------
14 Type of Reporting Person PN
---------------------------------
1 Name of Reporting Person Amster Trading Company
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2 If a member group a) / /
b) /X/
------------------------
3 SEC Use only
------------------------
4 Source of Funds WC
------------------------
5 Check if Disclosure of Legal Proceedings is Required
------------------------
6 Citizenship or Place of Organization USA
------------------------
Number of Shares 7 Sole Voting
------------------------
8 Shared Voting 69,700
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9 Sole Dispositive
------------------------
10 Shared Dispositive 69,700
------------------------
11 Aggregate Amount Beneficially owned 69,700
------------------------
12 Check if Aggregate Amount (11) Excludes Certain Shares
-------------------------
13 Percent of Class Represented by amount in row (11) .8904%
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14 Type of Reporting Person CO
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1 Name of Reporting Person TAMRA F. GOULD
-------------------------
2 If a member group a) / /
b) /X/
--------------------------
3 SEC use only
--------------------------
4 Source of Funds PF
--------------------------
5 Check if Disclosure of Legal Proceedings
--------------------------
6 Citizenship USA
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Number of Shares 7 Sole Voting
---------------------------
8 Shared Voting 19,760
---------------------------
9 Sole Dispositive
---------------------------
10 Shared Dispositive 19,760
---------------------------
11 Aggregate Amount Beneficially owned 19,760
---------------------------
12 Check if Aggregate Amount (11) Excludes Certain Shares
---------------------------
13 Percent of Class Represented by amount in row (11) .2524%
--------------------------------
14 Type of Reporting Person IN
-----------------------
1 Name of Reporting Person GOULD TRADING COMPANY
----------------------
2 If a member group a) / /
b) /X/
----------------------------
3 SEC use only
----------------------------
4 Source of Funds WC
----------------------------
5 Check if Disclosure of Legal Proceedings
----------------------------
6 Citizenship or Place of Organization USA
----------------------------
Number of Shares 7 Sole Voting
----------------------------
8 Shared Voting 19,760
----------------------------
9 Sole Dispositive
----------------------------
10 Shared Dispositive 19,760
----------------------------
11 Aggregate Amount Beneficially owned 19,760
----------------------------
12 Check if Aggregate Amount (11) Excludes Certain Shares
----------------------------
13 Percent of Class Represented by amount in row (11) .2524%
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14 Type of Reporting Person CO
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1 Name of Reporting Person Pleasant Lake Apts Corp
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2 If a member group a) / /
b) /X/
--------------------------
3 SEC use only
--------------------------
4 Source of Funds WO
--------------------------
5 Check if Disclosure of Legal Proceedings is Required
---------------------------
6 Citizenship or Place of Organization USA
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Number of Shares 7 Sole Voting
---------------------------
8 Shared Voting 170
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9 Sole Dispositive
---------------------------
10 Shared Dispositive 170
----------------------------
11 Aggregate Amount Beneficially owned 170
----------------------------
12 Check if Aggregate Amount (11) Excludes Certain Shares
----------------------------
13 Percent of Class Represented by amount in row (11) .002%
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14 Type of Reporting Person CO
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1 Name of Reporting Person Ramat Securities Ltd
--------------------------
2 If a member group a) / /
b) /X/
--------------------------
3 SEC Use only
--------------------------
4 Source of Funds WC
--------------------------
5 Check if Disclosure of Legal Proceedings is Required
--------------------------
6 Citizenship or Place of Organization USA
--------------------------
Number of shares 7 Sole Voting
--------------------------
8 Shared Voting 71,500
--------------------------
9 Sole Dispositive
--------------------------
10 Shared Dispositive 71,500
--------------------------
11 Aggregate Amount Beneficially owned 71,500
--------------------------
12 Check if Aggregate Amount (11) Excludes Certain Shares
--------------------------
13 Percent of Class Represented by amount in row (11) .9134%
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14 Type of Reporting Person BD
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CUSIP 741570-3-3 Prime Retail 8.5% Series B Cumulative
Participating Preferred $.01 Par Value
There are no changes to the Schedule 13D, as amended except as follows:
Item 3. Source and Amount of Funds or Other Consideration
Howard Amster, in his personal and individual retirement accounts
purchased additional shares with personal funds without borrowing.
The total consideration of the purchases is $ 2,779,219.30.
Ramat Securities Ltd purchased additional shares with working capital
without borrowing. The total consideration of the purchases
is $ 208,065.77.
Item 5. Interest in Securities of the Issuer
(a)(b) The aggregate amount owned by the Reporting Persons is
1,190,205 shares or 15.204% of the outstanding shares.
Howard Amster in his personal and individual retirement
accounts owns 1,026,325 shares or 13.1107 % of the outstanding
shares.
Amster Limited Partnership owns 2,750 shares or .0351%
of the outstanding shares.
Amster Trading company owns 69,700 shares or .8904 %
of the outstanding shares.
Gould Trading Company owns 19,760 shares or .2524%
of the outstanding shares.
Pleasant Lakes Apts Corp owns 170 shares or .002%
of the outstanding shares.
Ramat Securities Ltd owns 71,500 shares or
.9134% of the outstanding shares.
c) Trades executed on the NYSE as open market transactions.
<TABLE> <CAPTION>
<S> <C> <C>
Identity Date Shares Price Executing broker
Howard Amster 6/22/00 33000 6.3902 Friedman,Billings
Accounts: 7/27/00 4200 5.869 Bear Stearns
7/28/00 7600 5.8331 Bear Stearns
8/1/00 2500 6.125 Bear Stearns
8/8/00 4900 6.4375 Bear Stearns
8/16/00 6500 4.7868 Bear Stearns
9/1/00 95000 4.125 Bear Stearns
9/5/00 95229 4.1456 Bear Stearns
9/6/00 169561 4.1619 Bear Stearns
9/7/00 218675 4.1736 Bear Stearns
Ramat Securities Ltd
6/21/00 800 5.4375 Bear Stearns
6/21/00 1200 6.625 Bear Stearns
6/21/00 2000 5.77 Bear Stearns
8/16/00 2000 4.7868 Bear Stearns
8/21/00 200 4.5 Bear Stearns
8/23/00 3100 4.5907 Bear Stearns
8/24/00 300 4.625 Bear Stearns
8/28/00 400 4.625 Bear Stearns
8/29/00 2500 4.325 Bear Stearns
9/1/00 25000 4.15 Bear Stearns
9/5/00 5000 4.1706 Bear Stearns
9/7/00 5000 4.1736 Bear Stearns
</TABLE>
Signature After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in
this statement is true, complete and correct.
Date: 9/8/00 Howard Amster Amster Limited Partnership
Amster Trading Company Tamra F. Gould
Gould Trading Company Pleasant Lakes Apts. Corp
Ramat Securities Ltd.
