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FORM 3 OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Startt Acquisition, Inc. (1)
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(Last) (First) (Middle)
c/o Lawrence Ruben Company, Inc.
600 Madison Avenue, 20th Floor
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
10/16/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name AND Ticker of Trading Symbol
Starett Corporation (SHO)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director
[X] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
October 27, 1997
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7. Individual or Joint/Group Filing
(Check Applicable Line)
[ ] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
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FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Onwership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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<S> <C> <C> <C>
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common stock, par
value $1.00 per
share 10,900 (2) (2) (2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one person, see Instruction 5(b)(v).
Page 1 of 10 Pages
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FORM 3 (continued)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of
Security (Instr. 4) cisable and Underlying Derivative Security sion or ship Indirect
Expiration (Instr. 4) Exercise Form of Beneficial
Date ----------------------------------- Price of Deriv- Ownership
(Month/Day/Year) Deriv- ative (Instr. 5)
--------------------- Amount ative Security;
or Security Direct
Date Expira- Title Number (D) or
Exer- tion of Indirect
cisable Date Shares (I)
(Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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Right to buy (3) (3) (3) common stock par
value $1.00 per share 3,317,211 $12.25 (3) (3)
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</TABLE>
Explanation of Responses:
(1) Pursuant to Instruction 5(b)(v), this Form 3 is filed jointly by all of
the undersigned (collectively, the "Reporting Persons"), who may be
deemed to be members of a "group" pursuant to Section 13(d) of the
Securities Exchange Act of 1934, as amended. Startt Acquisition, Inc.
("Purchaser") has been designated to make the filing of this Form 3.
STARTT ACQUISITION, INC.
By: /s/ Jonathan I. Mayblum 12/18/97
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Name: Jonathan I. Mayblum Date
Title: President
** Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is sufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2 of 10 Pages
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FORM 3 (CONTINUED)
Name: Startt Acquisition, Inc.
Address: c/o Lawrence Ruben Company, Inc.
600 Madison Avenue, 20th Floor
New York, NY 10022
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Continuation of Footnotes:
(2) The 10,900 shares of common stock of the issuer reported as beneficially
owned are owned beneficially by Richard G. Ruben and Mark Lasry, who share
control of Avenue Investments L.P., which directly owns such shares. The
Reporting Persons other than Messrs. Ruben and Lasry disclaim beneficial
ownership of such shares, and this report shall not be deemed an admission
that such Reporting Persons are the beneficial owners of such securities for
purposes of Section 16 or any other purpose.
(3) The derivative securities reported herein represent the rights of
Purchaser under the Shareholders Agreement dated October 16, 1997 among
certain principal shareholders of the issuer (the "Principal Shareholders"),
Purchaser and Purchaser's parent, pursuant to which the Principal Shareholders
have agreed, subject to certain exceptions, to validly tender (and not
withdraw), pursuant to the terms of a cash tender offer commenced by
Purchaser, the shares of common stock of the issuer owned by them. The
Reporting Persons disclaim beneficial ownership of such shares, and this
report shall not be deemed an admission that the Reporting Persons are the
beneficial owners of such securities for purposes of Section 16 or any other
purpose.
Page 3 of 10 Pages
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FORM 3 (CONTINUED)
Joint Filer Information
Name: Startt Acquisition, LLC
Address: c/o Lawrence Ruben Company, Inc.
600 Madison Avenue, 20th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: STARTT ACQUISITION, LLC
By: /s/ Jonathan I. Mayblum
-----------------------
Name: Jonathan I. Mayblum
Title: President
Name: LR Startt, LLC
Address: c/o Lawrence Ruben Company, Inc.
600 Madison Avenue, 20th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: LR STARTT, LLC
By: /s/ Jonathan I. Mayblum
------------------------
Name: Jonathan I. Mayblum
Title: Authorized Signatory
Name: Richard G. Ruben
Address: c/o Lawrence Ruben Company, Inc.
600 Madison Avenue, 20th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: Richard Ruben
By: /s/ Jonathan I. Mayblum
----------------------------
Name: Jonathan I. Mayblum
Title: Authorized Signatory
Page 4 of 10 Pages
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FORM 3 (CONTINUED)
Name: AV Startt, LLC
Address: c/o Argent Ventures, LLC
335 Madison Avenue, 26th Floor
New York, NY 10017
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: AV STARTT, LLC
By: /s/ Jonathan I. Mayblum
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Name: Jonathan I. Mayblum
Title: Authorized Signatory
Name: Andrew Penson
Address: c/o Argent Ventures, LLC
335 Madison Avenue, 26th Floor
New York, NY 10017
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: Andrew Penson
By: /s/ Jonathan I. Mayblum
--------------------------
Name: Jonathan I. Mayblum
Title: Authorized Signatory
Name: AM Startt, LLC
Address: c/o Amroc Investments, Inc.
335 Madison Avenue
New York, NY 10017
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: AM STARTT, LLC
By: /s/ Jonathan I. Mayblum
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Name: Jonathan I. Mayblum
Title: Authorized Signatory
Page 5 of 10 Pages
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FORM 3 (CONTINUED)
Name: Mark Lasry
Address: c/o Amroc Investments, Inc.
335 Madison Avenue
New York, NY 10017
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: Mark Lasry
By: /s/ Jonathan I. Mayblum
-------------------------
Name: Jonathan I. Mayblum
Title: Authorized Signatory
Name: BA Startt
Address: c/o Blackacre Capital Group, L.P.
450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: BA STARTT
By Blackacre Capital Group, L.P.,
General Partner
By Blackacre Capital Management Corp.,
General Partner
By: /s/ Jeffrey B. Citrin
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Name: Jeffrey B. Citrin
Title: President
Name: Blackacre Capital Group, L.P.
Address: c/o Blackacre Capital Group, L.P.
450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: BLACKACRE CAPITAL GROUP, L.P.,
By Blackacre Capital Management Corp.,
General Partner
By: /s/ Jeffrey B. Citrin
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Name: Jeffrey B. Citrin
Title: President
Page 6 of 10 Pages
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FORM 3 (CONTINUED)
Name: BA Startt GP I LLC
Address: c/o Blackacre Capital Group, L.P.
450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: BA STARTT GP I LLC
By Blackacre Capital Group, L.P.
Managing Member
By Blackacre Capital Management Corp.,
General Partner
By: /s/ Jeffrey B. Citrin
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Name: Jeffery B. Citrin
Title: President
Name: BA Startt GP II LLC
Address: c/o Blackacre Capital Group, L.P.
450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: BA STARTT GP II LLC
By Blackacre Capital Group, L.P.
Managing Member
By Blackacre Capital Management Corp.,
General Partner
By: /s/ Jeffrey B. Citrin
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Name: Jeffery B. Citrin
Title: President
Name: Blackacre Capital Management Corp.
Address: c/o Blackacre Capital Group, L.P.
450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: BLACKACRE CAPITAL MANAGEMENT CORP.
By: /s/ Jeffrey B. Citrin
-----------------------
Name: Jeffery B. Citrin
Title: President
Name: Jeffrey B. Citrin
Address: c/o Blackacre Capital Group, L.P.
450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, Inc.
Date of Event Requiring Statement: 10/16/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: /s/ Jeffrey B. Citrin
----------------------
Jeffrey B. Citrin
Page 7 of 10 Pages
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POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes
and appoints each of Jonathan I. Mayblum and Martin J. Sumner, signing singly,
the undersigned's true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in connection
with the undersigned's investment in Starrett Corporation
(the "Company") any and all amendments to the statement on
Schedule 13D with respect to shares of common stock of the
Company, and other documents in connection therewith;
(2) execute for and on behalf of the undersigned, Forms 3, 4 and
5 in accordance with Section 16(a) of the Securities Exchange
Act of 1934 and the rules thereunder;
(3) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such amendment to the Statement on Schedule
13D or any such Form 3, 4, or 5 and timely file such form
with the United States Securities and Exchange Commission and
the American Stock Exchange; and
(4) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to
this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact
may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 13(d) or Section 16 of
the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file amendments to Schedule 13D and Forms
3, 4, and 5 with respect to the undersigned's holdings of and transactions in
securities issued by the Company, unless earlier revoked by the undersigned in
a signed writing delivered to the foregoing attorneys-in-fact.
Page 8 of 10 Pages
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IN WITNESS WHEREOF, each of the undersigned has caused this Power of
Attorney to be executed as of this 27th day of October, 1997.
STARTT ACQUISITION, INC.
By: /s/ Jonathan I. Mayblum
-----------------------------------
Name: Jonathan I. Mayblum
Title: President
STARTT ACQUISITION, LLC
By: /s/ Jonathan I. Mayblum
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Name: Jonathan I. Mayblum
Title: President
LR STARTT, LLC
By: /s/ Jonathan I. Mayblum
-----------------------------------
Name: Jonathan I. Mayblum
Title: Authorized Signatory
/s/ Richard G. Ruben
-----------------------------------
Richard G. Ruben
AV STARTT, LLC
By: /s/ Andrew Penson
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Name: Andrew Penson
Title: Authorized Signatory
/s/ Andrew Penson
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Andrew Penson
Page 9 of 10 Pages
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AM STARTT, LLC
By: /s/ Marc Lasry
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Name: Marc Lasry
Title: Authorized Signatory
/s/ Marc Lasry
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Marc Lasry
Page 10 of 10 Pages
