-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JNRKUEqVQiknngyrb6qACnAzqE+SouSmyRJvCSQ2SlHWRHZCWkprUFm0mOLlySRT 5cWVJvh1yBb9/8LhWnQZUA== 0001094891-01-500128.txt : 20010516 0001094891-01-500128.hdr.sgml : 20010516 ACCESSION NUMBER: 0001094891-01-500128 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010515 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LADENBURG THALMANN FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0001029730 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 650701248 STATE OF INCORPORATION: FL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-52037 FILM NUMBER: 1636742 BUSINESS ADDRESS: STREET 1: 1055 STEWART AVENUE STREET 2: STE 319 CITY: BETHPAGE STATE: NY ZIP: 11714 BUSINESS PHONE: 5164701000 MAIL ADDRESS: STREET 1: 1055 STEWART AVENUE STREET 2: SUITE 319 CITY: BETHPAGE STATE: NY ZIP: 11714 FORMER COMPANY: FORMER CONFORMED NAME: GBI CAPITAL MANAGEMENT CORP DATE OF NAME CHANGE: 19990826 FORMER COMPANY: FORMER CONFORMED NAME: FROST HANNA CAPITAL GROUP INC DATE OF NAME CHANGE: 19961227 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERLAND JOSEPH CENTRAL INDEX KEY: 0001093941 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1055 STEWART AVENUE STREET 2: GBI CAPITAL MANAGEMETN CORP CITY: BETHPAGE STATE: NY ZIP: 11714 BUSINESS PHONE: 5164701000 MAIL ADDRESS: STREET 1: GBI CAPITAL MANAGEMETN CORP STREET 2: 1055 STEWART AVENUE CITY: BETHPAGE STATE: NY ZIP: 11714 SC 13D/A 1 berland_amend2-13d.txt AMENDMENT 2 TO SCHEDULE 13D SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS TO BE FILED PURSUANT TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(a) (Amendment No. 2)* LADENBURG THALMANN FINANCIAL SERVICES INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.0001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 50575Q 10 2 - -------------------------------------------------------------------------------- (CUSIP Number) Joseph Berland Ladenburg Thalmann Financial Services Inc. 1055 Stewart Avenue Bethpage, New York 11714 Telephone: (516) 470-1000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) May 7, 2001 ------------------------------------------------------------------------------- (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 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 that 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). SCHEDULE 13D - ------------------------------ ---------------------------- CUSIP No. 50575Q 10 2 Page 2 of 5 Pages - ------------------------------ --------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Joseph Berland Revocable Living Trust Dated 4/16/97 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) N/A - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH -0- --------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------------- --------------------------- CUSIP No. 50575Q 10 2 Page 3 of 5 Pages - ----------------------------- --------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Joseph Berland - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) N/A - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 44,754 Shares NUMBER OF --------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- EACH --------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 44,754 Shares --------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,754 Shares - ------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------------------------- ------------------------ CUSIP No. 50575Q 10 2 Page 4 of 5 Pages - ---------------------------- ----------------------- This Amendment No. 2 adds the following information to Items 4 and 5 of the Schedule 13D ("Schedule 13D") filed by Joseph Berland ("Berland") and the Joseph Berland Revocable Living Trust Dated 4/16/97 ("Trust"), with respect to ownership of the Common Stock, par value $.0001 per share, of Ladenburg Thalmann Financial Services Inc. (f/k/a GBI Capital Management Corp.), a Florida corporation ("Issuer"). The percentage of beneficial ownership reflected in this Amendment No. 2 to the Schedule 13D is based upon 36,988,430 shares of Common Stock outstanding on May 7, 2001, based upon information known to the reporting persons. Item 4. Purpose of Transactions On May 7, 2001, the Stock Purchase Agreement and the transactions previously reported on under Item 4 of Amendment No. 1 to the Schedule 13D filed by Berland and the Trust were consummated and the Trust sold 3,945,060 shares of the Issuer's Common Stock for an aggregate purchase price of $3,945,060, or $1.00 per share. In connection with the sale by the Trust, the Issuer's Board of Directors ("Board") waived a lock-up agreement between the Issuer and Berland pursuant to which Berland had agreed that he would not, without the Board's prior written consent, until August 2001, sell, transfer or otherwise dispose of any of his shares of the Issuer's Common Stock. Item 5. Interest in Securities of the Issuer As a result of the transaction reported on under Item 4 above, the Trust ceased to be the beneficial owner of more than five percent of the Issuer's Common Stock and does not currently own any shares of the Issuer's Common Stock. As a result of the transaction reported on under Item 4 above, Berland ceased to be the beneficial owner of more than five percent of the Issuer's Common Stock. Berland is currently the beneficial owner of 44,754 shares of the Issuer's Common Stock issuable upon exercise of currently exercisable options held by Berland. This amount does not include 55,246 shares of Common Stock issuable upon exercise of options held by Berland that are not currently exercisable and will not become exercisable within the next 60 days. Berland has sole voting and dispositive power over these shares. - ---------------------------- ------------------------ CUSIP No. 50575Q 10 2 Page 5 of 5 Pages - ---------------------------- ----------------------- 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. Dated: May 7, 2001 Joseph Berland Revocable Living Trust Dated 4/16/97 By: /s/ Joseph Berland --------------------------------------------- Joseph Berland, Trustee /s/ Joseph Berland --------------------------------------------- Joseph Berland -----END PRIVACY-ENHANCED MESSAGE-----