-----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, MNtImUuLv/6TYjbzja8g0/HmEwFw2gtmRftVhiEvo98koSRh6kb5JYkWdfaQCEgi tgiRoDgww1oB3Rwos0mppg== 0000950123-05-001382.txt : 20050209 0000950123-05-001382.hdr.sgml : 20050209 20050209133752 ACCESSION NUMBER: 0000950123-05-001382 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050209 DATE AS OF CHANGE: 20050209 GROUP MEMBERS: ARTHUR WRUBEL SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ORIGEN FINANCIAL INC CENTRAL INDEX KEY: 0001268039 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 200145649 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80109 FILM NUMBER: 05587825 BUSINESS ADDRESS: STREET 1: 27777 FRANKLIN ROAD STREET 2: SUITE 1700 CITY: SOUTHFIELD STATE: MI ZIP: 48034 BUSINESS PHONE: 248-746-7000 MAIL ADDRESS: STREET 1: 27777 FRANKLIN ROAD STREET 2: SUITE 1700 CITY: SOUTHFIELD STATE: MI ZIP: 48034 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AW ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001279097 IRS NUMBER: 522280947 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 535 MADISON AVE STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124217002 MAIL ADDRESS: STREET 1: 535 MADISON AVE STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 y05570fsc13gza.txt SC 13G/A - ------------------- ----------------- CUSIP No. 68619E208 13G Page 1 of 8 Pages - ------------------- ----------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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) (AMENDMENT NO. 1)* ORIGEN FINANCIAL, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 68619E208 - -------------------------------------------------------------------------------- (CUSIP Number) DECEMBER 31, 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: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) - ---------- *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 the disclosures provided in a prior cover page. The information required in 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 (the "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. 68619E208 13G Page 2 of 8 Pages - ------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS AW Asset Management, L.L.C. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 52-2280947 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 1,492,300 (See Item 4) REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH -0- -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,492,300 (See Item 4) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,492,300 (See Item 4) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.92% (1) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT. (1) THE PERCENTAGES USED HEREIN AND IN THE REST OF THIS SCHEDULE 13G ARE CALCULATED BASED UPON 25,228,150 SHARES OF COMMON STOCK OUTSTANDING, AS REFLECTED IN THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2004. - ------------------- ----------------- CUSIP No. 68619E208 13G Page 3 of 8 Pages - ------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS Arthur Wrubel S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 1,492,300 (See Item 4) REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH -0- -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,492,300 (See Item 4) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,492,300 (See Item 4) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.92% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT. - ------------------- ----------------- CUSIP No. 68619E208 13G Page 4 of 8 Pages - ------------------- ----------------- ITEM 1(A) NAME OF ISSUER: The name of the issuer is Origen Financial, Inc. (the "Company"). ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive office is located at 27777 Franklin Road, Suite 1700, Southfield, MI 48034. ITEM 2(A) NAME OF PERSON FILING: This Amendment No. 1 Schedule 13G is being jointly filed by AW Asset Management, L.L.C., a Delaware limited liability company (the "Management Company"), and Mr. Arthur Wrubel with respect to the ownership of the shares of Common Stock by a number of hedge funds and managed accounts (collectively, the "Funds"). (2) Mr. Wrubel and the Management Company are referred to in this Schedule 13G as the "Reporting Persons." The Reporting Persons have entered into a Joint Filing Agreement, dated February 9, 2005, a copy of which is filed with this Schedule 13G as Exhibit A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 535 Madison Avenue, 26th Floor, New York, NY 10022 ITEM 2(C) CITIZENSHIP: The Management Company is organized as a limited liability company under the laws of the State of Delaware. Mr. Wrubel is a United States citizen. ITEM 2(D) TITLE OF CLASS OF SECURITIES: Common Stock, par value $.01 per share. ITEM 2(E) CUSIP NO.: 68619E208 (2) THE MANAGEMENT COMPANY SERVES AS INVESTMENT MANAGER OR ADVISOR TO THE FUNDS WITH RESPECT TO SHARES OF COMMON STOCK (AS DEFINED IN ITEM 2(D)) DIRECTLY OWNED BY THE FUNDS AND MAY BE DEEMED TO BE THE BENEFICIAL OWNER OF THE SHARES OF COMMON STOCK HELD BY THE FUNDS. MR. WRUBEL IS THE CHIEF EXECUTIVE OFFICER AND PRESIDENT OF THE MANAGEMENT COMPANY AND CONTROLS ITS BUSINESS ACTIVITIES WITH RESPECT TO THE SHARES OF COMMON STOCK HELD BY THE FUNDS AND MAY BE DEEMED TO BE THE BENEFICIAL OWNER OF THE SHARES OF COMMON STOCK HELD BY THE FUNDS. THE MANAGEMENT COMPANY AND MR. WRUBEL DISCLAIM BENEFICIAL OWNERSHIP OF THE SHARES OF COMMON STOCK HELD BY THE FUNDS, EXCEPT TO THE EXTENT OF ANY PECUNIARY INTEREST, AND THIS REPORT SHALL NOT BE DEEMED TO BE AN ADMISSION THAT THEY ARE THE BENEFICIAL OWNERS OF SUCH SECURITIES. - ------------------- ----------------- CUSIP No. 68619E208 13G Page 5 of 8 Pages - ------------------- ----------------- ITEM 3 IF THIS STATEMENT IS FILE PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: Not Applicable. ITEM 4 OWNERSHIP: A. AW Asset Management, L.L.C. (a) Amount beneficially owned: 1,492,300 (b) Percent of class: 5.92% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 1,492,300 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 1,492,300 B. Arthur Wrubel (a) Amount beneficially owned: 1,492,300 (b) Percent of class: 5.92%. (c) Number of shares as to which such person has: (j) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,492,300 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,492,300 ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: See response to Item 4. - ------------------- ----------------- CUSIP No. 68619E208 13G Page 6 of 8 Pages - ------------------- ----------------- ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON: Not applicable. ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not applicable. ITEM 9 NOTICE OF DISSOLUTION OF GROUP: Not applicable. 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 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. - ------------------- ----------------- CUSIP No. 68619E208 13G Page 7 of 8 Pages - ------------------- ----------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 9, 2005 AW Asset Management, L.L.C. By: /s/ Arthur Wrubel ------------------------------------ Name: Arthur Wrubel ------------------------------------ Its: President and Chief Executive Officer ------------------------------------- /s/ Arthur Wrubel ------------------------------------------ Arthur Wrubel, individually Exhibit A AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: February 9, 2005 AW Asset Management, L.L.C. By: /s/ Arthur Wrubel ------------------------------------ Name: Arthur Wrubel ------------------------------------ Its: President and Chief Executive Officer ------------------------------------- /s/ Arthur Wrubel ------------------------------------------ Arthur Wrubel, individually -----END PRIVACY-ENHANCED MESSAGE-----