-----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, AZOPIbBDqctC6dyxgv7hWt2hTO5mhk8NT3RDeDC+jPBFmiGv0uvrR75euaEf1j1Z ytUDdBj447v4f+SLw+9sVA== 0001039565-02-000013.txt : 20020821 0001039565-02-000013.hdr.sgml : 20020821 20020821152311 ACCESSION NUMBER: 0001039565-02-000013 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020821 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WARWICK COMMUNITY BANCORP INC CENTRAL INDEX KEY: 0001046209 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 061497903 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53491 FILM NUMBER: 02744767 BUSINESS ADDRESS: STREET 1: 18 OAKLAND AVE STREET 2: PO BOX 591 CITY: WARWICK STATE: NY ZIP: 10990-0591 BUSINESS PHONE: 9149862206 MAIL ADDRESS: STREET 1: 18 OAKLAND AVE STREET 2: PO BOX 591 CITY: WARWICK STATE: NY ZIP: 10990-0591 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KAHN BROTHERS & CO INC /DE/ CENTRAL INDEX KEY: 0001039565 IRS NUMBER: 132948997 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: KHAN BROTHERS & CO INC STREET 2: 555 MADISON AVENUE 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2129805050 MAIL ADDRESS: STREET 1: KAHN BROTHERS & CO INC STREET 2: 555 MADISON AVENUE 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: KAHN THOMAS GRAHAM DATE OF NAME CHANGE: 19970516 SC 13D/A 1 wsbi13da.txt WARWICK COMMUNITY BANCORP. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Warwick Community Bancorp, Inc.,a Delaware Corporation 18 Oakland Avenue Warwick, NY 10990-0591 (Name and Address of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 936559103 (CUSIP Number) Kahn Brothers & Co., Inc. 555 Madison Avenue, 22nd Floor New York, New York 10022 (212) 980-5050 Fax: (212) 755-5330 Attention: Thomas Graham Kahn (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 21, 2002 (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 that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240-13d-1(f) or 240.13d-1(g), check the following box. [ ] *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). The person filing this Amendment No. 1 (the "Amendment") is Kahn Brothers & Co., Inc., a New York corporation (the "Reporting Person"). This Amendment amends a Schedule 13D dated August 13, 2002 (the "Schedule") filed by the Reporting Person on August 13, 2002, relating to the Common Stock, par value $0.01 per share, of Warwick Community Bancorp., a Delaware corporation (the "Issuer"). The sale of 3,000 shares at $29.94/share on June 21, 2002; and the sale of 1,000 shares at $31,00/share on June 25, 2002, respectively, of the Issuer, made pursuant to clients' instructions, have been eliminated from the previous filing as the Reporting Person had no dispositive or voting power over these client accounts. Items 3 and 5 of the Schedule are amended as set forth below. Other than as set forth below, to the best knowledge of the Reporting Person, there has been no material change in Items 1, 2, 4, 6 or 7 of the Schedule. 1. Name of Reporting Persons Kahn Brothers & Co., Inc. IRS Identification Number of above persons (entities only) 13-2948997 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Source of Funds OO 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 Number of Shares 57,902 Beneficially 8. Shared Voting Power Owned by Each 360,841 Reporting 9. Sole Dispositive Power Person With 57,902 10. Shared Dispositive Power 360,841 11. Aggregate Amount Beneficially Owned by Each Reporting Person 418,743 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 8.4% 14. Type of Reporting Person (See Instructions) IA Item 3. Source and Amount of Funds and Other Consideration The Reporting Person may be deemed to the beneficial owner of 418,743 Shares (the "Reporting Person Shares") which are owned by certain of its investment advisory clients (the "Reporting Person Clients") in accounts over which the Reporting Person shares with the Reporting Person Clients dispositive and voting power pursuant to advisory agreements between the Reporting Person and the Reporting Person Clients. All funds that have been utilized in making such purchases are from funds provided from the portfolio accounts of the Reporting Person Clients and no funds were borrowed for such purpose. The Reporting Person may acquire or dispose of additional Shares on behalf of the Reporting Person Clients from time to time. The Reporting Person may be deemed to be the beneficial owner of 20,000 Shares (the "KBVF Shares") owned by Kahn Brothers Value Fund, L.P., a New York limited partnership ("KBVF"). All funds that have been utilized in making such purchases are from funds contributed by limited partners of KBVF. Kahn Brothers Asset Management Corp., a New York corporation ("KBAMC") and an investment adviser registered under the Investment Advisers Act, is an affiliate of the Reporting Person and is the general partner of KBVF. KBAMC has sole dispositive and voting power with respect to the Shares owned by KBVF pursuant to an Agreement of Limited Partnership by and among KBAMC and the limited partners of KBVF. Item 5. Interest in Securities of the Issuer (a) - (b) The information set forth in Items 3 and 4 of this Schedule 13D is incorporated herein by reference. (c) On April 1, 2002, the Reporting Person received 102 shares via the Warwick Saving Bank's Outside Directors Stock Plan. (d) Pursuant to advisory agreements between the Reporting Person and the Reporting Person Clients, the Reporting Person Clients retain the right to receive the receipts from dividends from the Reporting Person Shares or the proceeds from sale of the Reporting Person Shares. Absent such instructions from the Reporting Person Clients, the Reporting Person will leave the receipts from dividends from the Reporting Person Shares or the proceeds from a sale of the Reporting Person Shares in the individual portfolio accounts of the Reporting Person Clients. (e) Not applicable. 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: August 21, 2002 KAHN BROTHERS & CO., INC. By: Thomas Graham Kahn /s/ Title: President -----END PRIVACY-ENHANCED MESSAGE-----