-----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, RArfoixfC4hVHx3CBmoA0gv62WgTtMebkZVkXlVcA6PDiUULTkVym5kU/8pEuFGQ jxoX1TcM5OJ4EPuZpV6hPg== 0001047469-98-034793.txt : 19980918 0001047469-98-034793.hdr.sgml : 19980918 ACCESSION NUMBER: 0001047469-98-034793 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980917 SROS: NASD GROUP MEMBERS: AMSTER HOWARD GROUP MEMBERS: AMSTER LTD PARTNERSHIP GROUP MEMBERS: AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUSTS GROUP MEMBERS: GOULD TRADING COMPANY GROUP MEMBERS: HOWARD AMSTER & TAMRA F GOULD CHARITABLE REMAINDER UNITRUST GROUP MEMBERS: HOWARD M AMSTER CHARITABLE REMAINDER UNITRUST GROUP MEMBERS: PLEASANT LAKE APTS LIMITED PARTNERSHIP GROUP MEMBERS: RAMAT SECURITIES LTD GROUP MEMBERS: TAMRA F GOULD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN RESIDENTIAL INVESTMENT TRUST INC CENTRAL INDEX KEY: 0001035744 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 330741174 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-52265 FILM NUMBER: 98710733 BUSINESS ADDRESS: STREET 1: 445 MARINE VIEW AVE SUITE 230 STREET 2: STE 260 CITY: DEL MAR STATE: CA ZIP: 92014 BUSINESS PHONE: 6193505000 MAIL ADDRESS: STREET 1: 445 MARINE VIEW AVE SUITE 230 CITY: DEL MAR STATE: CA ZIP: 92014 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMSTER HOWARD CENTRAL INDEX KEY: 0000904853 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 25812 FAIRMONT BLVD CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165951047 SC 13D 1 SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* --------- AMERICAN RESIDENTIAL INVESTMENT TRUST, INC. -------------------------------------------------------- (Name of Issuer) COMMON ($.01 PAR VALUE) -------------------------------------------------------- (Title of Class of Securities) 02926T-10-3 -------------------------------------------------------- (CUSIP Number) HOWARD AMSTER, 23811 CHAGRIN BLVD #200, BEACHWOOD OH 44122-5525 (216) 595-1047 - ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 9-10-98 -------------------------------------------------------- (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: 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 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 ("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). (Continued on following page(s)) Page 1 of 10 Pages --- ---- CUSIP No. 02926T-10-3 13D Page 2 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons HOWARD AMSTER - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 607500 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 23800 -------------------------------------------------- (9) Sole Dispositive Power 607500 -------------------------------------------------- (10) Shared Dispositive Power 23800 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 687500 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* X - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 8.47% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 3 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons TAMRA F. GOULD - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 4800 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 76100 -------------------------------------------------- (9) Sole Dispositive Power 4800 -------------------------------------------------- (10) Shared Dispositive Power 76100 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 70000 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* X - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .86% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 4 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons GOULD TRADING COMPANY - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 65200 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 65200 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 65200 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* X - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .8% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 5 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons HOWARD AMSTER & TAMRA F. GOULD CHARITABLE REMAINDER UNITRUST - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* AF - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 7300 -------------------------------------------------- (9) Sole Dispositive Power -------------------------------------------------- (10) Shared Dispositive Power 7300 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 7300 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .09% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 6 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons HOWARD M. AMSTER CHARITABLE REMAINDER UNITRUST - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* AF - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 900 -------------------------------------------------- (9) Sole Dispositive Power -------------------------------------------------- (10) Shared Dispositive Power 900 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 900 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .01% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 7 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUSTS - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* AF - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 11600 -------------------------------------------------- (9) Sole Dispositive Power -------------------------------------------------- (10) Shared Dispositive Power 11600 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 11600 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.43% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* OO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 8 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons AMSTER LTD PARTNERSHIP - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 3600 -------------------------------------------------- (9) Sole Dispositive Power -------------------------------------------------- (10) Shared Dispositive Power 3600 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3600 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .04% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 9 of 10 Pages ----------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons PLEASANT LAKE APTS LIMITED PARTNERSHIP - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 400 -------------------------------------------------- (9) Sole Dispositive Power -------------------------------------------------- (10) Shared Dispositive Power 400 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 400 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .00% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 02926T-10-3 13D Page 10 of 10 Pages ----------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons RAMAT SECURITIES LTD - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 80000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power -------------------------------------------------- (9) Sole Dispositive Power 80000 -------------------------------------------------- (10) Shared Dispositive Power - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 80000 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) .99% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* BD - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Schedule 13D CUSIP No. 02926T-10-3 Item 1. Security and Issuer American Residential Investment Trust, Inc., common stock ($.01 par value) American Residential Investment Trust, Inc. 445 Marine View Avenue, Suite 230 Del Mar, California 92014 John M. Robbins, Jr., Chairman of the Board and Chief Executive Officer Item 2. Identity and Background Howard Amster and Tamra F. Gould are husband and wife. Each has independent assets and each disclaims any beneficial ownership in the other's assets. Howard Amster and Tamra F. Gould are general partners of Amster Limited Partnership. Mr. Amster and Tamra F. Gould can be deemed to have the right to shared and dispositive power over any security owned by the partnership. Howard Amster is the president of Pleasant Lake Apts. Corp. the general partner of Pleasant Lake Apts Limited Partnership. Mr. Amster can be deemed to have the right to shared and dispositive power over any security owned by the partnership. Howard Amster is a 83% owner of Ramat Securities Ltd. Mr. Amster can be deemed to be a beneficial owner of any securities owned by Ramat Securities Ltd. Mr. Amster is not an officer of Ramat Securities Ltd. and does not control the voting or dispositive power of any securities owned by Ramat Securities Ltd. Howard M. Amster Charitable Remainder Unitrust has been 100% funded by Howard Amster. Because he has the right to change the trustee of this trust, he can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. While Mr. Amster receives certain income distributions from the trust during his lifetime, the assets owned by the trust benefits charitable purposes. Mr. Amster disclaims beneficial ownership of the securities owned by this trust. Howard Amster and Tamra F. Gould Charitable Remainder Unitrust has been 100% funded by Howard Amster. Because he has the right to change the trustee of this trust, he can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. While Mr. Amster receives certain income distributions from the trust during his lifetime, the assets owned by the trust benefits charitable purposes. Both, Mr. Amster and Ms. Gould disclaim beneficial ownership of the securities owned by this trust. Amster Trading Company Charitable Remainder Unitrusts have been 100% funded by Amster Trading Company. Because Amster Trading Company has the right to change the trustee of the trusts, it can be deemed to have the right to shared voting and dispositive power over any security owned by the trusts. While Amster Trading Company receives certain income distributions from trusts, the assets owned by the trusts benefits charitable purposes. Amster Trading Company disclaims beneficial ownership of the securities owned by these trusts. Tamra F. Gould is 100% owner of Gould Trading Company and as such can be deemed the beneficial owner of such entity and may be deemed to have shared voting and dispositive power over shares owned by Gould Trading Company. a) Howard Amster b) 25812 Fairmount Blvd, Beachwood, Ohio 44122 c) Present principal occupation-Investment Consultant, Everen Securities, Inc.-securities brokerage firm, 23811 Chagrin Blvd, Suite 200, Beachwood, Oh 44122 d) Howard Amster has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Howard Amster has not been a party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. f) USA a) Tamra F. Gould b) 25812 Fairmount Blvd, Beachwood, Ohio 44122 c) President principal occupation-Securities Trader, Tamar Securities Inc., a broker dealer, 25812 Fairmount Blvd, Beachwood, Oh 44122 d) Tamra F. Gould has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Tamra F. Gould has not been a party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of schedule 13D within the last five years. f) USA Amster Limited Partnership 25812 Fairmount Blvd, Beachwood, Ohio 44122 Investments d) Neither the partners or the partnership have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the partners or the partnership have been a party to any civil proceedings of a judicial or administrative body of competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. Gould Trading Company 25812 Fairmount Blvd, Beachwood, Ohio 44122 Investments d) Neither the officers, directors, or shareholders of Gould Trading Company have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors, or shareholders of Gould Trading Company have been a party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Amster Trading Company Charitable Remainder Unitrusts 22674 Halburton Road, Beachwood, Ohio 44122 Charitable Remainder Unitrusts d) Neither the trusts or the trustee of the Amster Trading Company Charitable Remainder Unitrusts have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the trusts or the trustee of the Amster Trading Company Charitable Remainder Unitrusts have been a party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Howard M. Amster Charitable Remainder Unitrust 22674 Halburton Road, Beachwood, Ohio 44122 Charitable Remainder Unitrust d) Neither the trust or the trustee of the Howard M. Amster Charitable Remainder Unitrust have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the trust or the trustee of the Howard M. Charitable Remainder Unitrust have been a party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Howard Amster and Tamra F. Gould Charitable Remainder Unitrust 22674 Halburton Road, Beachwood, Ohio 44122 Charitable Remainder Unitrust d) Neither the trust or the trustee of the Howard Amster and Tamra F. Gould Charitable Remainder Unitrust have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the trust or the trustee of the Howard Amster and Tamra F. Gould Charitable Remainder Unitrust have been a party to any civil proceedings of a judicial or administrative body of competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. Pleasant Lake Apt Limited Partnership 7530 Lucerne Drive, Suite 101, Middleburg Heights, Oh 44130 Investments d) Neither the partners of Pleasant Lake Apt Limited Partnership or the partnership have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the partners of Pleasant Lake Apt Limited Partnership or the partnership have been a party to any civil proceedings of a judicial or administrative body of competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. Ramat Securities Ltd 23811 Chagrin Blvd, Suite 200, Beachwood, Ohio 44122 Broker Dealer d) Neither the members or unitholders of Ramat Securities Ltd have been convicted in any criminal proceedings (excluding the traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the members or unitholders of Ramat Securities Ltd have been a party to any civil proceedings of a judicial or administrative body of competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. Item 3. Source and Amount of Funds or Other Consideration Howard Amster purchased (in his personal and individual retirement accounts) American Residential Investment Trust with personal funds without borrowing. The total consideration of the purchases is $3,430,803.75 Tamra F. Gould purchased in her individual retirement accounts American Residential Investment Trust with personal funds without borrowing. The total consideration of the purchases is $43,501.81 Gould Trading Company purchased American Residential Investment Trust with working capital and margined borrowing from Everen Securities, Inc. The total consideration of the purchases is $485,855.09 Amster Limited Partnership purchased American Residential Investment Trust with partnership capital without borrowing. The total consideration of the purchases is $30,986.17 Amster Trading Company Charitable Remainder Unitrusts purchased American Residential Investment Trust with trust assets without borrowing. The total consideration of the purchases is $94,232.73 Howard M. Amster Charitable Remainder Unitrust purchased American Residential Investment Trust with trust assets without borrowing. The total consideration of the purchases is $7,220.30 Howard Amster and Tamra F. Gould Charitable Remainder Unitrust purchased American Residential Investment Trust with trust assets without borrowing. The total consideration of the purchases is $44,680.80 Pleasant Lake Apt Limited Partnership purchased American Residential Investment Trust with partnership capital without borrowing. The total consideration of the purchases is $3,458.51 Ramat Securities Ltd. purchased American Residential Investment Trust with working capital and margined borrowing with Bear Stearns & Co. The total consideration for the purchases is $572,384.80 Item 4. Purpose of Transaction Howard Amster, Tamra F. Gould, Gould Trading Company, Amster Ltd Partnership, Amster Trading Company Charitable Remainder Unitrusts, Howard M. Amster Charitable Remainder Unitrust, Howard Amster and Tamra F. Gould Charitable Remainder Unitrust, Pleasant Lake Apt Limited Partnership, Ramat Securities Ltd. acquired the shares for purposes of investment. There are no present plans or proposals by any of the purchasers of record or the beneficial owners as reported in this Schedule 13D which relate to or would result in the following: a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the issuer provided, however, the reporting persons might acquire additional shares of other securities of the issuer or dispose of some or all of their shares depending upon market conditions and personal circumstances; b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; c) a sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number of terms of directors or to fill any existing vacancies on the board; e) any material change in the present capitalization or dividend policy of the issuer; f) any other material change in the issuer's business or corporate structure; g) changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; h) causing a class of securities of the issuer to be delisted from a national securities exchange or cease to be authorized to be quoted in any inter-dealer quotation system of a registered national securities association; i) a class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or j) any action similar to any of those enumerated above. Item 5. Interest in securities of the Issuer (a)(b) The aggregate amount owned by the Reporting Persons is 761,300 shares or 9.63% of the outstanding shares. Howard Amster in his name and individual retirement accounts owns 607,500 shares or 7.49% of the outstanding shares. Tamra F. Gould in her individual retirement accounts owns 4,800 shares or .06% of the outstanding shares. Gould Trading Company owns 65,200 shares or .80% of the outstanding shares. Amster Ltd Partnership owns 3,600 shares or .04% of the outstanding shares. Amster Trading Company Charitable Remainder Unitrusts own 11,600 shares or .14% of the outstanding shares. Howard M. Amster Charitable Remainder Unitrust owns 900 shares or .01% of the outstanding shares. Howard Amster and Tamra F. Gould Charitable Remainder Unitrust owns 7,300 shares or .09% of the outstanding shares. Pleasant Lake Apt Ltd Partnership owns 400 shares or .00% of the outstanding shares. Ramat Securities Ltd owns 80,000 shares or 1.00% of the outstanding shares. c) The following table reflects shares acquired on the New York Stock Exchange as open market transactions that were executed by Everen Securities, Inc.
Name Date Shares Price Howard Amster 7/21/98 4800 9.2138 Howard Amster IRA 7/21/98 24800 9.2138 7/24/98 45000 9.0156 7/31/98 25000 8.75 8/07/98 2000 8.375 8/10/98 800 8.6875 8/13/98 8500 8.6875 8/20/98 21700 7.962
8/27/98 55500 6.1666 8/31/98 23000 6 9/03/98 37800 5.8125 9/10/98 358600 4.875 Tamra F. Gould IRA 7/24/98 4800 9.0156 Gould Trading Co 7/24/98 40200 9.0156 9/10/98 25000 4.875 Amster Ltd Partnership 7/21/98 3600 8.5678 Amster Trading Co 7/21/98 1900 9.2138 Charitable Remainder 8/06/98 3000 8.25 Unitrusts 8/20/98 5800 7.962 9/03/98 900 5.8125 Howard M Amster 8/20/98 900 7.962 Charitable Remainder Unitrust Howard Amster/ 8/20/98 900 7.962 Tamra F. Gould 9/03/98 6400 5.8125 Charitable Remainder Unitrust Pleasant Lake Apt 8/04/98 400 8.5678 Ltd Partnership Ramat Securities Ltd 7/15/98 1100 9.8125 7/21/98 21000 9.2138 8/17/98 5000 8.5625 8/20/98 15000 7.9375 9/01/98 8000 6.1875 9/03/98 9900 5.8125 9/10/98 20000 4.875
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. There are no contracts, arrangements, understandings or relationships with respect to securities of the issuer with any persons except as set forth in items 2, 3, 5 above. Item 7. Material to be Filed as Exhibits. Agreement between Howard Amster and Tamra F. Gould concerning this Schedule 13D. Signature After reasonable inquiry and to the best of my knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: 9/15/98 /s/ /s/ /s/ Howard Amster Amster Ltd Howard Amster & Partnership Tamra F. Gould Charitable Remainder Unitrust /s/ /s/ /s/ Tamra F. Gould Amster Trading Co Pleasant Lake Apt Charitable Remainder Ltd Partnership Unitrusts /s/ /s/ /s/ Gould Trading Howard M. Amster Ramat Securities Ltd Company Charitable Remainder Unitrust - ----------------------------------------------------------------------------- AGREEMENT Howard Amster and Tamra F. Gould hereby agree that the Schedule 13D to which this Agreement is attached as an exhibit is filed on behalf of each of them. Date 9/15/98 /s/ /s/ Howard Amster Tamra F. Gould -----END PRIVACY-ENHANCED MESSAGE-----