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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
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1. Name and Address of Reporting Person*
Startt Acquisition, LLC (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. Issuer Name and Ticker or Trading Symbol
Starrett Corporation (SHO)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
December 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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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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<TABLE>
<CAPTION>
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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5. Amount of 6. Owner-
Securities ship
2. Trans- 3. Trans- 4. Securities Acquired (A) Beneficially Form:
action action or Disposed of (D) Owned at Direct 7. Nature of
Date Code (Instr. 3, 4 and 5) End of (D) or Indirect
1. Title of Security (Month/ (Instr. 8) -------------------------- Month Indirect Beneficial
(Instr. 3) Day/ ---------- Amount (A) or Price (Instr. (I) Ownership
Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 12/11/97 P 6,103,282 (2) A 12.25 100 (3) (4) (4)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one person, see Instruction 4(b)(v). SEC 1474 (7-96)
(Print or type Responses)
</TABLE>
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FORM 4 (continued)
<TABLE>
<CAPTION>
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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Title and Ownership
Number of Date Exer- Amount of Form of
Derivative cisable and Underlying Number of Deriv-
Securities Expiration Securities Price Derivative ative
Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Security:
sion or Trans- action or Disposed Day/Year) and 4) Deriv- Benefi- Direct
Exercise action Code of (D) -------------- -------------- ative cially (D) or Nature of
Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at Indirect Indirect
Derivative Deriv- (Month/ 8) 4 and 5) Exer- Expir- or Num- ity End of (I) Beneficial
Security ative Day/ -------- ---------- cis- ation ber of (Instr. Month (Instr. Ownership
(Instr. 3) Security Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) Pursuant to Instruction 5(b)(v), this Form 4 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 (the "Exchange Act"). Startt Acquisition, LLC has been
designated to make the filing of this Form 4.
2) Pursuant to an Agreement and Plan of Merger, dated as of October 16, 1997
(the "Merger Agreement"), by and between Startt Acquisition, Inc. ("Purchaser")
and Starrett Corporation ("Issuer"), on December 11, 1997 Purchaser consummated
the tender offer contemplated by the Merger Agreement and purchased the shares
of common stock covered by this Form 4 (the "Shares").
(3) Pursuant to the Merger Agreement, on December 30, 1997, Purchaser merged
with and into Issuer in accordance with Section 905 of the New York Business
Corporation Law (the "BCL"). In accordance with the terms of the Merger
Agreement, on December 30, 1997 (i) all issued and outstanding Shares of common
stock of Issuer not previously tendered to Purchaser were converted into the
right to receive payment of $12.25 per share in cash, canceled and retired,
(ii) each of the 100 issued and outstanding shares of capital stock of
Purchaser was converted into one Share of Issuer, (iii) each Share of
common stock held in the treasury of the Issuer was canceled and retired
without any consideration therefore. In addition, on December 30, 1997,
pursuant to Section 515 of the BCL, the Shares were canceled by action of
the Board of Directors of Issuer. On December 31, 1997, Issuer filed with the
Securities and Exchange Commission on Form 15 a Certification and Notice of
Termination of Registration under Section 12(g) of the Exchange Act.
(4) Purchaser claims direct beneficial ownership of the Shares. Each of the
other Reporting Persons claim indirect beneficial ownership of the Shares
through their affiliation with Purchaser.
STARTT ACQUISITION, LLC
BY: /s/ Jonathan L. Mayblum 12/31/97
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Name: Jonathan L. 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 provided is sufficient, see Instruction 6 for procedure.
<PAGE>
FORM 4 (CONTINUED)
Joint Filer Information
Name: Startt Acquisition, Inc.
Address: c/o Lawrence Ruben Company, Inc.
600 Madison Avenue, 20th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, LLC
Period Covered by Statement: 12/1/97-12/31/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: STARTT ACQUISITION, INC.
By Starrett Corporation,
Its successor in interest
By: /s/ Jonathan I. Mayblum
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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, LLC
Period Covered by Statement: 12/1/97-12/31/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: LR STARTT, LLC
By: /s/ Jonathan I. Mayblum
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Name: Jonathan I. Mayblum
Title: Authorized Signatory
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FORM 4 (CONTINUED)
Name: Richard G. Ruben
Address: c/o Lawrence Ruben Company, Inc.
600 Madison Avenue, 20th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, LLC
Period Covered by Statement: 12/1/97-12/31/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: RICHARD RUBEN
By: /s/ Jonathan I. Mayblum
------------------------------
Name: Jonathan I. Mayblum
Title: Authorized Signatory
Name: AV Startt, LLC
Address: c/o Argent Ventures, LLC
335 Madison Avenue, 26th Floor
New York, NY 10017
Designated Filer: Startt Acquisition, LLC
Period Covered by Statement: 12/1/97-12/31/97
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, LLC
Period Covered by Statement: 12/1/97-12/31/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: ANDREW PENSON
By: /s/ Jonathan I. Mayblum
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Name: Jonathan I. Mayblum
Title: Authorized Signatory
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FORM 4 (CONTINUED)
Name: AM Startt, LLC
Address: c/o Amroc Investments, Inc.
335 Madison Avenue
New York, NY 10017
Designated Filer: Startt Acquisition, LLC
Period Covered by Statement: 12/1/97-12/31/97
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
Name: Mark Lasry
Address: c/o Amroc Investments, Inc.
335 Madison Avenue
New York, NY 10017
Designated Filer: Startt Acquisition, LLC
Period Covered by Statement: 12/1/97-12/31/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: MARK LASRY
By: /s/ Jonathan I. Mayblum
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Name: Jonathan I. Mayblum
Title: Authorized Signatory
<PAGE>
FORM 4 (CONTINUED)
Name: BA Startt
Address: c/o Blackacre Capital Group, L.P.
450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, LLC
Period Covered by Statement: 12/1/97-12/31/97
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: 450 Park Avenue, 28th Floor
New York, NY 10022
Designated Filer: Startt Acquisition, LLC
Period Covered by Statement: 12/1/97-12/31/97
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>
FORM 4 (CONTINUED)
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, LLC
Period Covered by Statement: 12/1/97-12/31/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: BLACKACRE CAPITAL MANAGEMENT CORP.
By: /s/ Jeffrey B. Citrin
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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, LLC
Period Covered by Statement: 12/1/97-12/31/97
Issuer and Ticker or Trading Symbol: Starrett Corporation (SHO)
Signature: /s/ Jeffrey B. Citrin
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Jeffrey B. Citrin
