sc13g

0000950134-04-006479.txt : 20040504 0000950134-04-006479.hdr.sgml : 20040504 20040503202104 ACCESSION NUMBER: 0000950134-04-006479 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040504 GROUP MEMBERS: DAVID EINHORN GROUP MEMBERS: GREENLIGHT CAPITAL INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN HOME MORTGAGE INVESTMENT CORP CENTRAL INDEX KEY: 0001256536 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 200103914 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79826 FILM NUMBER: 04775066 MAIL ADDRESS: STREET 1: 520 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENLIGHT CAPITAL LLC CENTRAL INDEX KEY: 0001040272 IRS NUMBER: 133886851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 420 LEXINGTON AVE SUITE 875 CITY: NEW YORK STATE: NY ZIP: 10170 BUSINESS PHONE: 2129731900 MAIL ADDRESS: STREET 1: 420 LEXINGTON AVENUE STREET 2: SUITE 875 CITY: NEW YORK STATE: NY ZIP: 10170 SC 13G 1 d14966sc13g.htm SCHEDULE 13G sc13g

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

AMERICAN HOME MORTGAGE INVESTMENT CORP

(Name of Issuer)

Shares of Common Stock, par value $.01 per share

(Title of Class of Securities)

02660R107

(CUSIP Number)

April 21, 2004

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

Page 1 of 8

13G

CUSIP No. 02660R107

1. Name of Reporting Person:
Greenlight Capital, L.L.C. I.R.S. Identification Nos. of above persons (entities only):
13-3886851

2. Check the Appropriate Box if a Member of a Group*

(a) o

(b) o

3. SEC Use Only:

4. Citizenship or Place of Organization:
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5. Sole Voting Power:
1,698,500

6. Shared Voting Power:
0

7. Sole Dispositive Power:
1,698,500

8. Shared Dispositive Power:
0

9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,698,500

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o

11. Percent of Class Represented by Amount in Row (9):
4.3%

12. Type of Reporting Person*
OO

*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).

Page 2 of 8

13G

CUSIP No. 02660R107

1. Name of Reporting Person:
Greenlight Capital, Inc. I.R.S. Identification Nos. of above persons (entities only):
13-3871632

2. Check the Appropriate Box if a Member of a Group*

(a) o

(b) o

3. SEC Use Only:

4. Citizenship or Place of Organization:
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5. Sole Voting Power:
1,599,300

6. Shared Voting Power:
0

7. Sole Dispositive Power:
1,599,300

8. Shared Dispositive Power:
0

9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,599,300

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o

11. Percent of Class Represented by Amount in Row (9):
4.0%

12. Type of Reporting Person*
CO

*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).

Page 3 of 8

13G

CUSIP No. 02660R107

1. Name of Reporting Person:
David Einhorn I.R.S. Identification Nos. of above persons (entities only):

2. Check the Appropriate Box if a Member of a Group*

(a) o

(b) o

3. SEC Use Only:

4. Citizenship or Place of Organization:
U.S. Citizen

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5. Sole Voting Power:
3,297,800

6. Shared Voting Power:
0

7. Sole Dispositive Power:
3,297,800

8. Shared Dispositive Power:
0

9. Aggregate Amount Beneficially Owned by Each Reporting Person:
3,297,800

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares*
o

11. Percent of Class Represented by Amount in Row (9):
8.3%

12. Type of Reporting Person*
IN

*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).

Page 4 of 8

SCHEDULE 13G

This Schedule 13G (this “Schedule 13G”), is being filed on behalf of Greenlight Capital, L.L.C., a Delaware limited liability company (“Greenlight LLC”), Greenlight Capital, Inc., a Delaware corporation (“Greenlight Inc.” and together with Greenlight LLC, “Greenlight”) and Mr. David Einhorn, principal of Greenlight (together with Greenlight, the “Reporting Persons”).

This Schedule 13G relates to shares of common stock of American Home Mortgage Investment Corp (the “Issuer”) purchased by Greenlight for the account of (i) Greenlight Capital, L.P. (“Greenlight Fund”), of which Greenlight LLC is the general partner, (ii) Greenlight Capital Qualified, L.P. (“Greenlight Qualified”), of which Greenlight LLC is the general partner and (iii) Greenlight Capital Offshore, Ltd. (“Greenlight Offshore”), to which Greenlight Inc. acts as investment advisor.


Item 1(a)		Name of Issuer.

		American Home Mortgage Investment Corp

Item 1(b)		Address of Issuer’s Principal Executive Offices.

		520 Broadhollow Road Melville, NY 11747

Item 2(a)		Name of Person Filing.

		David Einhorn, Greenlight Capital, L.L.C. and Greenlight Capital, Inc.

Item 2(b)		Address of Principal Business Office, or, if none, Residence.

		420 Lexington Ave., Suite 1740 New York, New York 10170

Item 2(c)		Citizenship or Place of Organization.

		Greenlight LLC is a limited liability company organized under the laws of the State of Delaware. Greenlight Inc. is a corporation organized under the laws of the state of Delaware. David Einhorn is the principal of Greenlight and a United States citizen.

Item 2(d)		Title of Class of Securities.

		Common stock, $0.01 par value, per share, of the Issuer (“Common Stock”).

Item 2(e)		CUSIP Number.

		02660R107

Page 5 of 8


Item 3		Reporting Person.

		Inapplicable.

Item 4		Ownership.


		(a)		The Reporting Persons are the beneficial owners of 3,297,800 shares of Common Stock.

		(b)		The Reporting Persons are the beneficial owners of 8.3% of the outstanding shares of Common Stock. This percentage was determined by dividing 3,297,800 by 39,877,412, the number of shares of Common Stock outstanding as of April 23, 2004, as reported in the Issuer’s Definitive Proxy Statement on Schedule 14A filed April 29, 2004.

		(c)		Greenlight has the sole power to vote and dispose of the 3,297,800 shares of Common Stock beneficially owned by it. As the principal of Greenlight, Mr. Einhorn may direct the vote and disposition of the 3,297,800 shares of Common Stock beneficially owned by Greenlight.

		The filing of this Schedule 13G shall not be construed as an admission that any of the Reporting Persons is for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any of the 3,297,800 shares of Common Stock owned by Greenlight Fund, Greenlight Qualified or Greenlight Offshore. Pursuant to Rule 13d-4, each of the Reporting Persons disclaims all such beneficial ownership.


Item 5		Ownership of Five Percent or Less of a Class.

		Inapplicable.

Item 6		Ownership of More Than Five Percent on Behalf of Another Person.

		Inapplicable.

Item 7		Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.

		Inapplicable.

Item 8		Identification and Classification of Members of the Group.

		Inapplicable.

Item 9		Notice of Dissolution of Group.

		Inapplicable.

Item 10		Certification.

		By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 6 of 8


Exhibits		Exhibit 99
		Joint Filing Agreement dated May 3, 2004, between Greenlight and David Einhorn.

Page 7 of 8

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.

Date: May 3, 2004

Greenlight Capital, L.L.C.

By: /S/ DAVID EINHORN
David Einhorn, Senior Managing Member

Greenlight Capital, Inc.

By: /S/ DAVID EINHORN
David Einhorn, President

/s/ DAVID EINHORN
David Einhorn

Page 8 of 8

EX-99 2 d14966exv99.htm JOINT FILING AGREEMENT exv99

EXHIBIT 99

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, $0.01 par value, of American Home Mortgage Investment Corp, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of May 3, 2004.

Greenlight Capital, L.L.C.

By:   /s/ DAVID EINHORN
David Einhorn, Senior Managing Member

Greenlight Capital, Inc.

By:   /s/ DAVID EINHORN
David Einhorn, President

/s/ DAVID EINHORN
David Einhorn


13G
CUSIP No. 02660R107

	1.	Name of Reporting Person: Greenlight Capital, L.L.C.			I.R.S. Identification Nos. of above persons (entities only): 13-3886851

	2.	Check the Appropriate Box if a Member of a Group*
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Citizenship or Place of Organization: Delaware

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power: 1,698,500

			6.	Shared Voting Power: 0

			7.	Sole Dispositive Power: 1,698,500

			8.	Shared Dispositive Power: 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person: 1,698,500

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares: o

	11.	Percent of Class Represented by Amount in Row (9): 4.3%

	12.	Type of Reporting Person* OO


13G
CUSIP No. 02660R107

	1.	Name of Reporting Person: David Einhorn			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group*
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Citizenship or Place of Organization: U.S. Citizen

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power: 3,297,800

			6.	Shared Voting Power: 0

			7.	Sole Dispositive Power: 3,297,800

			8.	Shared Dispositive Power: 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person: 3,297,800

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares* o

	11.	Percent of Class Represented by Amount in Row (9): 8.3%

	12.	Type of Reporting Person* IN


	Greenlight Capital, L.L.C.
	By:	/S/ DAVID EINHORN
		David Einhorn, Senior Managing Member


	Greenlight Capital, Inc.
	By:	/S/ DAVID EINHORN
		David Einhorn, President



	/s/ DAVID EINHORN
	David Einhorn