-----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, HGTTtsuuh5AP7v9E6yu//1Zg2WMY8/XA17gBy0h00LzLxWuCbdLs8mfYN6DU9Ak6 Fu0MjejrilgxY9FJbrogEQ== 0001104659-09-033182.txt : 20090518 0001104659-09-033182.hdr.sgml : 20090518 20090518091708 ACCESSION NUMBER: 0001104659-09-033182 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090518 DATE AS OF CHANGE: 20090518 GROUP MEMBERS: DANIEL L. GOODWIN GROUP MEMBERS: EAGLE FINANCIAL CORP. GROUP MEMBERS: INLAND INVESTMENT ADVISORS, INC. GROUP MEMBERS: INLAND MORTGAGE INVESTMENT CORP. GROUP MEMBERS: INLAND REAL ESTATE INVESTMENT CORPORATION GROUP MEMBERS: INLAND WESTERN RETAIL REAL ESTATE TRUST, INC. GROUP MEMBERS: MINTO BUILDERS (FLORIDA), INC. GROUP MEMBERS: ROBERT H. BAUM GROUP MEMBERS: THE INLAND GROUP, INC. GROUP MEMBERS: THE INLAND REAL ESTATE TRANSACTIONS GROUP, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CapLease, Inc. CENTRAL INDEX KEY: 0001057689 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 522414533 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80412 FILM NUMBER: 09835427 BUSINESS ADDRESS: STREET 1: 1065 AVENUE OF THE AMERICAS STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2122176300 MAIL ADDRESS: STREET 1: 1065 AVENUE OF THE AMERICAS STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL LEASE FUNDING INC DATE OF NAME CHANGE: 19980312 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Inland American Real Estate Trust, Inc. CENTRAL INDEX KEY: 0001307748 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 342019608 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2901 BUTTERFIELD ROAD CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 630-218-8000 MAIL ADDRESS: STREET 1: 2901 BUTTERFIELD ROAD CITY: OAK BROOK STATE: IL ZIP: 60523 SC 13D/A 1 a09-13697_1sc13da.htm SC 13D/A

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

(Rule 13d-101)

 

Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and

Amendments Thereto Filed Pursuant to Rule 13d-2(a)

 

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

 

CAPLEASE, INC.

(Name of Issuer)

 

COMMON STOCK

(Title of Class of Securities)

 

140288101

(CUSIP Number)

 

Roberta S. Matlin

President

Inland Investment Advisors, Inc.

2901 Butterfield Road

Oak Brook, Illinois 60523

(630 218-8000)

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

May 11, 2009

(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(e), (f) or (g), check the following box:  o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including 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 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 purposes 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).

 



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Inland American Real Estate Trust, Inc.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3)

SEC Use Only

 

 

4)

Source of Funds:
WC, OO

 

 

5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6)

Place of Organization:
Maryland

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
3,616,872(1)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
3,616,872(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
3,616,872(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
7.5%(2)

 

 

14)

Type of Reporting Person:
CO

 


(1) The number of shares reported as beneficially owned is as of May 15, 2009. 

(2) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

2



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Inland Western Retail Real Estate Trust, Inc.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3)

SEC Use Only

 

 

4)

Source of Funds:
WC, OO

 

 

5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6)

Place of Organization:
Maryland

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
113,250(3)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
113,250(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
113,250(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
0.0%(4)

 

 

14)

Type of Reporting Person:
CO

 


(3) The number of shares reported as beneficially owned is as of May 15, 2009. 

(4) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

3



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Inland Investment Advisors, Inc.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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)     o

 

 

6)

Place of Organization:
Illinois

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
3,850,722(5)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
3,850,722(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
3,850,722(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
8.0%(6)

 

 

14)

Type of Reporting Person:
IA, CO

 


(5) The number of shares reported as beneficially owned is as of May 15, 2009.  Includes shares beneficially owned by Inland Investment Advisors, Inc. through its management of the discretionary accounts of its clients.

(6) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

4



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Inland Real Estate Investment Corporation

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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)     o

 

 

6)

Place of Organization:
Delaware

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
3,850,722(7)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
3,850,722(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
3,850,722(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
8.0%(8)

 

 

14)

Type of Reporting Person:
HC, CO

 


(7) The number of shares reported as beneficially owned is as of May 15, 2009.  Includes shares beneficially owned by Inland Investment Advisors, Inc., a wholly-owned subsidiary of Inland Real Estate Investment Corp., through its management of the discretionary accounts of its clients.

(8) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

5



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
The Inland Group, Inc.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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)     o

 

 

6)

Place of Organization:
Delaware

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
3,850,722(9)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
3,850,722(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
3,850,722(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
8.0%(10)

 

 

14)

Type of Reporting Person:
HC, CO

 


(9) The number of shares reported as beneficially owned is as of May 15, 2009.  Includes shares beneficially owned by Inland Investment Advisors, Inc., an indirect wholly-owned subsidiary of The Inland Group, Inc., through its management of the discretionary accounts of its clients. 

(10) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

6



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Eagle Financial Corp.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3)

SEC Use Only

 

 

4)

Source of Funds:
WC, OO

 

 

5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6)

Place of Organization:
Illinois

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
4,000(11)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
4,000(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
4,000(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
0.0%(12)

 

 

14)

Type of Reporting Person:
CO

 


(11) The number of shares reported as beneficially owned is as of May 15, 2009. 

(12) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

7



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
The Inland Real Estate Transactions Group, Inc.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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)     o

 

 

6)

Place of Organization:
Illinois

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
4,000(13)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
4,000(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
4,000(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
0.0%(14)

 

 

14)

Type of Reporting Person:
HC, CO

 


(13) The number of shares reported as beneficially owned is as of May 15, 2009. 

(14) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

8



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Inland Mortgage Investment Corp.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3)

SEC Use Only

 

 

4)

Source of Funds:
WC, OO

 

 

5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6)

Place of Organization:
Illinois

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
4,500(15)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
4,500(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
4,500(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
0.0%(16)

 

 

14)

Type of Reporting Person:
HC, CO

 


(15) The number of shares reported as beneficially owned is as of May 15, 2009. 

(16) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

9



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Minto Builders (Florida), Inc.

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3)

SEC Use Only

 

 

4)

Source of Funds:
WC, OO

 

 

5)

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6)

Place of Organization:
Florida

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
71,800(17)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
71,800(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
71,800(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
0.0%(18)

 

 

14)

Type of Reporting Person:
CO

 


(17) The number of shares reported as beneficially owned is as of May 15, 2009. 

(18) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

10



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Daniel L. Goodwin

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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)     o

 

 

6)

Citizenship:
United States

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
0

 

8)

Shared Voting Power:
3,850,722(19)

 

9)

Sole Dispositive Power:
0

 

10)

Shared Dispositive Power:
3,850,722(1)

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
3,850,722(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
8.0%(20)

 

 

14)

Type of Reporting Person:
HC, IN

 


(19) The number of shares reported as beneficially owned is as of May 15, 2009.  Includes shares beneficially owned by Inland Investment Advisors, Inc., an indirect wholly-owned subsidiary of The Inland Group, Inc., through its management of the discretionary accounts of its clients.  Mr. Goodwin is the controlling shareholder of The Inland Group, Inc.

(20) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

11



 

CUSIP No.   140288101

 

 

1)

Names of Reporting Persons
Robert H. Baum

 

 

2)

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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)     o

 

 

6)

Citizenship:
United States

Address of Principal Office:
2901 Butterfield Road, Oak Brook, Illinois 60523

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

7)

Sole Voting Power:
1,000(21)

 

8)

Shared Voting Power:
0

 

9)

Sole Dispositive Power:
1,000(1)

 

10)

Shared Dispositive Power:
0

 

 

11)

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,000(1)

 

 

12)

Check if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13)

Percent of Class Represented by Amount in Row (11):
0.0%(22)

 

 

14)

Type of Reporting Person:
IN

 


(21) The number of shares reported as beneficially owned is as of May 15, 2009. 

(22) The percentage is calculated based on a total of 47,923,595 of the Issuer’s shares of common stock, par value $0.01 per share, outstanding as of May 11, 2009, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 11, 2009.

 

12



 

CUSIP No. 140288101

 

This Amendment No. 4 to schedule 13D (the “Amendment No. 4”) amends and supplements the schedule 13D filed by Inland American Real Estate Trust, Inc., Inland Western Retail Real Estate Trust, Inc., Inland Investment Advisors, Inc., Inland Real Estate Investment Corporation, The Inland Group, Inc. and Daniel L. Goodwin with the Securities and Exchange Commission (the “SEC”) on September 20, 2007 (the “Initial Statement” and together with Amendment No. 1 filed with the SEC on February 22, 2008, Amendment No. 2 filed with the SEC on July 23, 2008 and Amendment No. 3 filed with the SEC on September 18, 2008 and Amendment No. 4, the “Schedule 13D”) in connection with changes to Items 2 and 4 and the disposition of Shares beneficially owned by Inland American and Inland Investment Advisors, Inc. Capitalized terms used in this Amendment No. 4 without being defined herein have the meanings given to them in the Initial Statement, or the prior amendments, as applicable.

 

Item 2.          Identity and Background

 

Appendices B, D and I of this Schedule 13D regarding the Identity and Background items (2)(a), (b), (c) and (f) of each of the executive officers and directors of IWRRETI, IREIC and MB REIT, respectively, which information is incorporated by reference into this Item 2, are amended and restated in their entirety.

 

Item 4.          Purpose of Transaction

 

Item 4 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

Adviser beneficially owns the Shares by virtue of having discretionary authority to vote and dispose of the Shares pursuant to the respective Advisory Agreements with Inland American and IWRRETI. Adviser is a wholly-owned subsidiary of IREIC, which is a wholly-owned subsidiary of TIGI, of which Mr. Goodwin is the controlling shareholder. Each of the Reporting Persons acquired the Company’s Shares for the purpose of making an investment in the Company. Inland American and Adviser have considered various courses of action with respect to the Company as described in previous Sec. 13 filings, including: (i) causing the Reporting Persons, or a subsidiary or affiliate thereof, to acquire additional Shares, by purchase, in a cash tender offer or exchange offer; (ii) entering into a joint venture relating to a material amount of the assets of the Company or other strategic transaction; (iii) a merger (including a cash merger), a purchase of all of the assets of the Company or a similar transaction between Inland American, or an affiliate of Inland American, and the Company; and (iv) seeking representation on the Company’s board of directors (each a “Transaction”).

 

On September 16, 2008, Inland Capital Markets Group, Inc. (“Inland Capital”), a subsidiary of IREIC, entered into a confidentiality agreement (“Confidentiality Agreement”) with the Company to allow Inland Capital and Inland American to review confidential information of the Company to discuss potential Transactions with the Company and allow Inland American or an affiliate the potential to propose a Transaction. The Confidentiality Agreement includes customary mutual employee non-solicitation provisions operative from the date of the Confidentiality Agreement and continuing until twelve months after Inland Capital and Inland American have terminated evaluations of a Transaction. The Confidentiality Agreement further includes customary standstill provisions, operative from the date of the Confidentiality Agreement and continuing until twelve months after Inland Capital and Inland American have terminated negotiations with respect to a Transaction, prohibiting, among other things, acquiring any voting securities issued by the Company, without the prior written consent of the Company. None of the Reporting Persons, including Inland American and Adviser, is currently considering engaging in any of these Transactions.

 

Each of the Reporting Persons intends to continuously review its investment in the Company. Any one or more of the Reporting Persons with dispositive power may determine to hold or dispose of all

 

13



 

CUSIP No. 140288101

 

or a portion of the Shares that it now owns. In reaching any conclusion as to the foregoing, each of the Reporting Persons will consider various factors, such as the Company’s business and prospects, other developments concerning the Company, the respective business opportunities of the reporting persons, developments in their respective businesses and finances, general economic conditions and stock market conditions generally.

 

Item 5.          Interest in Securities of the Issuer

 

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

(a)                                  See response corresponding to row 11 of the cover page of each Reporting Person for the aggregate number of Shares beneficially owned by the Reporting Persons, which is incorporated herein by reference. See response corresponding to row 13 of the cover page of each Reporting Person for the percentage of Shares beneficially owned by each of the Reporting Persons, which is incorporated herein by reference. The Adviser makes decisions as to dispositions of the Shares held in the discretionary accounts of the Adviser Clients (as defined in Item 6) by means of a committee composed of three of the directors of Adviser. No one officer or director of any of the Reporting Persons, with the exception of Mr. Goodwin, has the ability to direct the disposition of the Shares.

 

(b)                                 See responses corresponding to rows seven through ten of the cover page of each Reporting Person for the number of Shares as to which that Reporting Person has sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, and shared power to dispose or to direct the disposition, which responses are incorporated herein by reference. The Adviser shares the power to vote or direct the vote and the power of disposition with each of the Adviser Clients with respect to the Shares in their respective accounts.

 

(c)                                  During the past 60 days, Adviser has effected the following Share transactions for the account of Inland American, each via the New York Stock Exchange:

 

Date

 

Type of
Transaction

 

No. of Shares

 

Price Per Share

 

May 1, 2009

 

S

 

-39,285

 

$

2.78

 

May 4, 2009

 

S

 

-90,468

 

$

2.77

 

May 5, 2009

 

S

 

-26,119

 

$

2.72

 

May 6, 2009

 

S

 

-68,500

 

$

2.67

 

May 7, 2009

 

S

 

-115,896

 

$

2.74

 

May 8, 2009

 

S

 

-75,000

 

$

2.77

 

May 11, 2009

 

S

 

-158,375

 

$

2.87

 

May 12, 2009

 

S

 

-125,600

 

$

2.78

 

May 13, 2009

 

S

 

-17,500

 

$

2.76

 

May 14, 2009

 

S

 

-39,200

 

$

2.64

 

May 15, 2009

 

S

 

-7,700

 

$

2.65

 

 

During the past 60 days, Adviser has effected the following Share transaction for the account of an Adviser Client who is not a Reporting Person, via the New York Stock Exchange:

 

14



 

CUSIP No. 140288101

 

Date

 

Type of
Transaction

 

No. of Shares

 

Price Per Share

 

May 5, 2009

 

S

 

-25,000

 

$

2.72

 

 

To the knowledge of Inland American, IWRRETI, Adviser, IREIC, TIGI, Eagle, TIRETG, IMIC and MB REIT, respectively, none of their executive officers and directors has effected any transactions in Shares of the Company in the last 60 days.

 

(d)                                 None.

 

(e)                                  Not Applicable.

 

Item 7.                              Material to be Filed as Exhibits

 

Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

 

Exhibit Number

 

Exhibit

7.10

 

Joint Filing Agreement

 

15



 

CUSIP No. 140288101

 

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 15, 2009

INLAND AMERICAN REAL ESTATE TRUST, INC.

 

 

 

 

 

 

/s/ Brenda G. Gujral

 

Name:

Brenda G. Gujral

 

Title:

President

 

 

Dated:  May 15, 2009

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

 

 

 

 

 

 

/s/ Steven P. Grimes

 

Name:

Steven P. Grimes

 

Title:

Chief Operating Officer, Chief Financial Officer and Treasurer

 

 

Dated:  May 15, 2009

INLAND INVESTMENT ADVISORS, INC.

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

President

 

 

Dated:  May 15, 2009

INLAND REAL ESTATE INVESTMENT CORPORATION

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

Senior Vice President

 

 

Dated:  May 15, 2009

THE INLAND GROUP, INC.

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

Dated:  May 15, 2009

EAGLE FINANCIAL CORP.

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

16



 

CUSIP No. 140288101

 

Dated:  May 15, 2009

THE INLAND REAL ESTATE TRANSACTIONS GROUP, INC.

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

 

 

Dated:  May 15, 2009

MINTO BUILDERS (FLORIDA), INC.

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title

Vice President

 

 

Dated:  May 15, 2009

INLAND MORTGAGE INVESTMENT CORP.

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

Dated:  May 15, 2009

DANIEL L. GOODWIN

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

 

Dated:  May 15, 2009

ROBERT H. BAUM

 

 

 

 

 

 

/s/ Robert H. Baum

 

17



 

CUSIP No. 140288101

 

Appendices B, D and I to this Schedule 13D are hereby amended and restated in their entirety.

 

Appendix B

Executive Officers and Directors of IWRRETI

 

Names and Titles
of IWRRETI
Executive Officers
and Directors

 

Principal Occupation or Employment and Business of
Principal Employer

 

Business or Residence
Address; Citizenship

Kenneth H. Beard,
Director

 

President and chief executive officer of Midwest Mechanical Group, a mechanical construction and service company.

 

Midwest Mechanical Group
540 Executive Drive
Willowbrook, Illinois  60527

 

United States Citizen

 

 

 

 

 

Frank A. Catalano, Jr.,
Director

 

President of Catalano & Associates, a real estate company that includes brokerage, property management and rehabilitation and leasing of office buildings.

 

Catalano & Associates
105 South York Road, Suite 200
Elmhurst, Illinois  60126

 

United States Citizen

 

 

 

 

 

Paul R. Gauvreau,
Director

 

Retired chief financial officer, financial vice president and treasurer of Pittway Corporation, a New York Stock Exchange listed manufacturer and distributor of professional burglar and fire alarm systems and equipment.

 

4483 RFD
Long Grove, Illinois 60047

 

United States Citizen

 

 

 

 

 

Gerald M. Gorski,
Director

 

Partner in the law firm of Gorski and Good located in Wheaton, Illinois, practicing governmental law.

 

211 S. Wheaton Ave., Suite 305
Wheaton, Illinois  60187

 

United States Citizen

 

 

 

 

 

Brenda G. Gujral,
Director

 

Chief Executive Officer, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Richard P. Imperiale,
Director

 

President, Forward Uniplan Advisors, money management firm.

 

Forward Uniplan Advisors, Inc.
22939 West Overson Road
Union Grove, Wisconsin 53182

 

United States Citizen

 

 

 

 

 

Kenneth E. Masick,
Director

 

Partner, Wolf & Company, LLP, public accounting firm.

 

Wolf & Co.
2100 Clearwater Drive
Oak Brook, Illinois 60523

 

United States Citizen

 

B-1



 

CUSIP No. 140288101

 

Barbara A. Murphy,
Director

 

Chairwoman of the DuPage Republican Party, member of the Illinois Motor Vehicle Review Board and a member of the Matrimonial Fee Arbitration Board.

 

850 Saddlewood
Glen Ellyn, Illinois  60137

 

United States Citizen

 

 

 

 

 

Niall J. Byrne,
Vice President

 

Vice President, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Shane C. Garrison,
Chief Investment Officer

 

Chief Investment Officer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Steven P. Grimes,
Chief Operating Officer, Chief Financial Officer and Treasurer

 

Chief Operating Officer, Chief Financial Officer and Treasurer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Dennis Holland,
General Counsel and Secretary

 

General Counsel and Secretary, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

James Kleifges,
Chief Accounting Officer

 

Chief Accounting Officer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Michael J. O’Hanlon,
President and Chief Executive Officer

 

President and Chief Executive Officer, Inland Western Retail Real Estate Trust, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Robert D. Parks,
Chairman and Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

B-2



 

CUSIP No. 140288101

 

Appendix D

Executive Officers and Directors of IREIC

 

Names and Titles
of IREIC
Executive
Officers and
Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Daniel L. Goodwin,
Director

 

Chairman and President, The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Robert H. Baum,
Director

 

Vice Chairman, Executive Vice President and General Counsel of The Inland Group, Inc.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Brenda G. Gujral,
Director  & Chief Executive Officer

 

Chief Executive Officer, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Roberta S. Matlin,
Director  & Senior Vice President

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Robert D. Parks,
Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Catherine L. Lynch,
Treasurer and Secretary

 

Treasurer and Secretary, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Ulana B. Horalewskyj,
Senior Vice President

 

Senior Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road

Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

George Adamek,
Vice President

 

Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

D-1



 

CUSIP No. 140288101

 

Marianne Jones,
Vice President

 

Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

United States Citizen

 

 

 

 

 

Guadalupe Griffin,
Vice President

 

Vice President, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Dawn M. Williams,
Vice President-Marketing

 

Vice President-Marketing, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Sandra Perion,
Senior Vice President-Operations

 

Senior Vice President-Operations, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road
Oak Brook, Illinois 60523

 

United States Citizen

 

D-2



 

CUSIP No. 140288101

 

Appendix I

Executive Officers and Directors of MB REIT

 

Names and Titles
of MB REIT
Executive Officers
and Directors

 

Principal Occupation or Employment and Business of Principal
Employer

 

Business or Residence
Address; Citizenship

Lori Foust,
Director and Treasurer

 

Treasurer and Principal Financial Officer of Inland American; Chief Financial Officer of Inland American Business Manager & Advisor, Inc.; principally employed by IREIC.

 

2901 Butterfield Road

Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Brenda G. Gujral,
Director  and President 

 

President and Chief Operating Officer, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road

Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

J. Eric McKinney,
Director

 

Executive, the Minto Group Inc.

 

300-427 Laurier Avenue West, Ottawa, Ontario, Canada

 

Canadian Citizen

 

 

 

 

 

Robert D. Parks,
Director

 

Chairman, Inland Real Estate Investment Corporation.

 

2901 Butterfield Road

Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Greg Rogers,
Director

 

Executive Vice-President, Minto Commercial Inc.

 

Minto Commercial Inc. 427 Laurier Avenue West, Suite 1010

Ottawa, Ontario K1R 7Y2, Canada

 

Canadian Citizen

 

 

 

 

 

Roberta S. Matlin,
Vice President     

 

Senior Vice President, Inland Real Estate Investment Corporation. 

 

2901 Butterfield Road

Oak Brook, Illinois 60523

 

United States Citizen

 

 

 

 

 

Scott W. Wilton,
Secretary

 

Secretary of Inland American; Assistant Vice President of The Inland Real Estate Group, Inc.; Secretary of Inland Real Estate Exchange Corporation; Secretary of Inland American Business Manager & Advisor, Inc.; principally employed as Assistant Counsel with The Inland Real Estate Group, Inc. law department, which provides legal services, including drafting and negotiating real estate purchase and sales contracts, leases and other real estate or corporate agreements and documents, performing due diligence, and rendering legal opinions.

 

2901 Butterfield Road

Oak Brook, Illinois 60523

 

United States Citizen

 

I-1


EX-7.10 2 a09-13697_1ex7d10.htm EX-7.10

EXHIBIT 7.10

 

JOINT FILING AGREEMENT

 

Pursuant to Rule 13d-1(k) promulgated under the Securities Act of 1934, as amended, each of Inland American Real Estate Trust, Inc., Inland Western Retail Real Estate Trust, Inc., Inland Investment Advisors, Inc., Inland Real Estate Investment Corporation, The Inland Group, Inc., Eagle Financial Corp., The Inland Real Estate Transactions Group, Inc., Inland Mortgage Investment Corp., Minto Builders (Florida), Inc., Daniel L. Goodwin and Robert H. Baum hereby agree that the Schedule 13D to which this Exhibit 7.10 is attached and any amendments thereto relating to the acquisition or disposition of shares of common stock of CapLease, Inc. is filed jointly on behalf of each of them.

 

This agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall be deemed to constitute one and the same instrument.

 

IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement.

 

 

Dated:  May 15, 2009

INLAND AMERICAN REAL ESTATE TRUST, INC.

 

 

 

 

 

 

 

 

/s/ Brenda G. Gujral

 

Name:

Brenda G. Gujral

 

Title:

President

 

 

 

Dated:  May 15, 2009

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

 

 

 

 

 

 

 

 

/s/ Steven P. Grimes

 

Name:

Steven P. Grimes

 

Title:

Chief Operating Officer, Chief Financial Officer and Treasurer

 

 

 

Dated:  May 15, 2009

INLAND INVESTMENT ADVISORS, INC.

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

President

 

 

 

Dated:  May 15, 2009

INLAND REAL ESTATE INVESTMENT CORPORATION

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title:

Senior Vice President

 

 

 

Dated:  May 15, 2009

THE INLAND GROUP, INC.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 



 

Dated:  May 15, 2009

EAGLE FINANCIAL CORP.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

 

Dated:  May 15, 2009

THE INLAND REAL ESTATE TRANSACTIONS GROUP, INC.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

 

 

 

 

Dated: May 15, 2009

MINTO BUILDERS (FLORIDA), INC.

 

 

 

 

 

 

 

 

/s/ Roberta S. Matlin

 

Name:

Roberta S. Matlin

 

Title

Vice President

 

 

 

Dated:  May 15, 2009

INLAND MORTGAGE INVESTMENT CORP.

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

Name:

Daniel L. Goodwin

 

Title:

President

 

 

 

Dated:  May 15, 2009

DANIEL L. GOODWIN

 

 

 

 

 

 

 

 

/s/ Daniel L. Goodwin

 

 

 

Dated:  May 15, 2009

ROBERT H. BAUM

 

 

 

 

 

 

 

 

/s/ Robert H. Baum

 


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