-----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, UEEmnBYjVffjjteZrwNYNEpaxmBfiaJ11X3AXnI2sTGWYJB9L2ltyimOBDuCzrCN ue0qgiiK/rGO9jD/UeCtXw== 0001137185-06-000002.txt : 20060403 0001137185-06-000002.hdr.sgml : 20060403 20060403093803 ACCESSION NUMBER: 0001137185-06-000002 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060403 DATE AS OF CHANGE: 20060403 GROUP MEMBERS: AMSTER LIMITED PARTNERSHIP GROUP MEMBERS: AMSTER TRADING COMPANY GROUP MEMBERS: AMSTER TRADING COMPANY CRUTS GROUP MEMBERS: DAVID ZLATIN GROUP MEMBERS: GILDA ZLATIN GROUP MEMBERS: HOWARD AMSTER GROUP MEMBERS: HOWARD AMSTER 2005 CRUT GROUP MEMBERS: HOWARD M. AMSTER CRUT GROUP MEMBERS: PLEASANT LAKE APARTMENTS CORP. GROUP MEMBERS: TOVA FINANCIAL INC. GROUP MEMBERS: TOVA FINANCIAL INC. CRUT GROUP MEMBERS: ZAK GROUP LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ECC Capital CORP CENTRAL INDEX KEY: 0001300317 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 841642470 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-80602 FILM NUMBER: 06731409 BUSINESS ADDRESS: STREET 1: 1833 ALTON PARKWAY CITY: IRVINE STATE: CA ZIP: 92606 BUSINESS PHONE: 9498568300 MAIL ADDRESS: STREET 1: 1833 ALTON PARKWAY CITY: IRVINE STATE: CA ZIP: 92606 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAMAT SECURITIES LTD CENTRAL INDEX KEY: 0001137185 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 23811 CHAGRIN BLVD STREET 2: SUITE 200 CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165950987 MAIL ADDRESS: STREET 1: 23811 CHAGRIN BLVD STREET 2: SUITE 200 CITY: BEACHWOOD STATE: OH ZIP: 44122 SC 13D 1 ecccapital.txt OMB Number 3235-0145 United States Securities and Exchange Commission Washington DC 20549 Schedule 13D Under the Securities and Exchange Act of 1934 ECC Capital Corporation Name of Issuer common stock Title of Class of Securities 26826M108 CUSIP Number Howard Amster, 23811 Chagrin Blvd., Suite 200 Beachwood, Ohio 44122-5525, 216 595-1047 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 3/27/06 (Date of Event which Requires Filing of this Statement) If this 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 240.13d-1(e) (f) or (g), check the following box / /. Note: Scheduled filed in paper format shall include a signed original and five copies of the schedule including all exhibits. See 240.13D-7 for other parties to who 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 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). 1 Name of Reporting Person Howard Amster 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 1,067,000 Beneficially Owned By Each 8 Shared Voting 4,516,000 Reporting Person With 9 Sole Dispositive 1,067,000 10 Shared Dispositive 4,516,000 11 Aggregate Amount Beneficially owned 4,528,200 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 4.52 % 14 Type of Reporting Person IN 1 Name of Reporting Person Howard M Amster Charitable Remainder Unitrust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 25,200 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 25,200 11 Aggregate Amount Beneficially owned 25,200 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.03 % 14 Type of Reporting Person OO 1 Name of Reporting Person Howard M Amster 2005 Charitable Remainder Unitrust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 183,600 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 183,600 11 Aggregate Amount Beneficially owned 183,600 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.18 % 14 Type of Reporting Person OO 1 Name of Reporting Person Amster Limited Partnership 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 32,100 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 32,100 11 Aggregate Amount Beneficially owned 32,100 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.03 % 14 Type of Reporting Person PN 1 Name of Reporting Person Amster Trading Company 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 1,266,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 1,266,000 11 Aggregate Amount Beneficially owned 420,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.42 % 14 Type of Reporting Person CO 1 Name of Reporting Person Amster Trading Company Charitable Remainder Unitrusts 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 846,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 846,000 11 Aggregate Amount Beneficially owned 846,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.84 % 14 Type of Reporting Person OO 1 Name of Reporting Person Pleasant Lake Apts. Corp. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 64,800 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 64,800 11 Aggregate Amount Beneficially owned 64,800 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.07 % 14 Type of Reporting Person CO 1 Name of Reporting Person Ramat Securities Ltd. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 2,900,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 2,900,000 11 Aggregate Amount Beneficially owned 2,900,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 2.89 % 14 Type of Reporting Person BD 1 Name of Reporting Person Tova Financial, Inc. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 7,125 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 7,125 11 Aggregate Amount Beneficially owned 0 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.00 % 14 Type of Reporting Person CO 1 Name of Reporting Person Tova Financial, Inc. Charitable Remainder Unitrust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 7,125 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 7,125 11 Aggregate Amount Beneficially owned 7,125 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person OO 1 Name of Reporting Person ZAK Group LLC 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 44,300 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 44,300 11 Aggregate Amount Beneficially owned 44,300 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.04 % 14 Type of Reporting Person OO 1 Name of Reporting Person David Zlatin 2 If a member group a) / / c) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 2,400 Beneficially Owned By Each 8 Shared Voting 2,951,425 Reporting Person With 9 Sole Dispositive 2,400 10 Shared Dispositive 2,951,425 11 Aggregate Amount Beneficially owned 2,946,700 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 2.94 % 14 Type of Reporting Person IN 1 Name of Reporting Person Gilda Zlatin 2 If a member group a) / / d) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 500 Beneficially Owned By Each 8 Shared Voting 7,125 Reporting Person With 9 Sole Dispositive 500 10 Shared Dispositive 7,125 11 Aggregate Amount Beneficially owned 500 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.0 % 14 Type of Reporting Person IN Item 1. Security and Issuer ECC Capital Corporation common stock CUSIP Number 26826M108 ECC Capital Corporation 1833 Alton Parkway Irvine, California 92606 949 856-8300 Item 2. Identity and Background Howard Amster a) Howard Amster b) 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122-5525 c) Present principal occupation- Real Estate Operator 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525 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 party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Howard M Amster Charitable Remainder Unitrust Howard M Amster Charitable Remainder Unitrust has been funded by Howard Amster . Because Howard Amster has the right to change the trustee of the trust, he can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. While Howard Amster receives certain income distributions from the trust, the assets owned by the trust benefits charitable purposes. Howard Amster disclaims beneficial ownership of the securities owned by the trust. Howard Amster is the sole trustee of the Howard M Amster Charitable Remainder Unitrust, although he has no pecuniary interest in the trust and therefore disclaims beneficial ownership of shares owned by the trust. a) Howard M Amster Charitable Remainder Unitrust b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Charitable Remainder Unitrust d) Neither Howard Amster or the trustee have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither Howard Amster or the trustee have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Howard M Amster 2005 Charitable Remainder Unitrust Howard M Amster 2005 Charitable Remainder Unitrust has been funded by Howard Amster . Because Howard Amster has the right to change the trustee of the trust, he can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. While Howard Amster receives certain income distributions from the trust, the assets owned by the trust benefits charitable purposes. Howard Amster disclaims beneficial ownership of the securities owned by the trust. Howard Amster is the sole trustee of the Howard M Amster 2005 Charitable Remainder Unitrust, although he has no pecuniary interest in the trust and therefore disclaims beneficial ownership of shares owned by the trust. a) Howard M Amster 2005 Charitable Remainder Unitrust b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Charitable Remainder Unitrust d) Neither Howard Amster or the trustee have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither Howard Amster or the trustee have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Amster Limited Partnership Howard Amster is a 10 % owner and General Partner of Amster Limited Partnership 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 Amster Limited Partnership. a) Amster Limited Partnership b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Investments d) Neither the officers, directors or partners of Amster Ltd. Partnership 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 partners of Amster Ltd. Partnership have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Amster Trading Company Howard Amster is the 100% owner of Amster 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 Amster Trading Company. a) Amster Trading Company b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Investments d) Neither the officers, directors, or shareholder of Amster 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 shareholder of Amster Trading Company have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Amster Trading Company Charitable Remainder Unitrusts Amster Trading Company Charitable Remainder Unitrusts have been 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 the trusts, the assets owned by the trusts benefits charitable purposes. Amster Trading Company disclaims beneficial ownership of the securities owned by these trusts. Howard Amster is the sole trustee of the Amster Trading Company Charitable Remainder Unitrusts although he has no pecuniary interest in the trusts and therefore disclaims beneficial ownership of shares owned by the trusts. a) Amster Trading Company Charitable Remainder Unitrusts b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Charitable Remainder Unitrusts d) Neither the officers, directors, or shareholders of Amster 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 Amster Trading Company have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Pleasant Lake Apts. Corp. Howard Amster is the 100 % owner of Pleasant Lake Apts. Corp. 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 Pleasant Lake Apts. Ltd. Corp. a) Pleasant Lake Apts. Corp. b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Investments d) Neither the officers, directors or shareholder of Pleasant Lake Apts. Corp. 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 shareholder of Pleasant Lake Apts. Corp. have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Ramat Securities Ltd., 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122 Securities Firm David Zlatin and Howard Amster are the unitholders of Ramat Securities Ltd., an Ohio Limited Liability Company. David Zlatin is a 17 % owner/principal of Ramat Securities Ltd. and has joint control of voting and dispositive power over all securities owned by Ramat Securities Ltd. While David Zlatin directly or indirectly does not beneficially own 5 % of ECC Capital Corporation, he because of such voting and dispositive power, might be deemed a beneficial owner of these shares owned by Ramat Securities Ltd. Howard Amster is an 83 % owner/principal of Ramat Securities Ltd. and has joint control of voting and dispositive power over all securities owned by Ramat Securities Ltd. Mr. Amster because of such voting and dispositive power, might be deemed beneficial owner of ECC Capital Corporation shares owned by Ramat Securities. Ltd. d) Neither the members or unitholders of Ramat Securities Ltd. have been convicted in any criminal proceedings (excluding 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 or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Tova Financial, Inc. David Zlatin is a 50 % owner of Tova Financial, Inc. and as such can be deemed the beneficial owner of such entity and may be deemed to share shared voting and dispositive power over shares owned by Tova Financial, Inc. Gilda Zlatin is a 50 % owner of Tova Financial, Inc. and as such can be deemed the beneficial owner of such entity and may be deemed to share shared voting and dispositive power over shares owned by Tova Financial, Inc. a) Tova Financial, Inc. b) 2562 Biscayne Blvd. Beachwood, Ohio 44122-1773 c) Investments d) Neither the officers, directors or shareholders of Tova Financial Inc. 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 Tova Financial Inc. have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Tova Financial, Inc., Charitable Remainder Unitrust Tova Financial, Inc., Charitable Remainder Unitrust has been funded by Tova Financial, Inc. Because Tova Financial, Inc. has the right to change the trustee of the trust, and it can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. While Tova Financial, Inc. receives certain income distributions from the trust, the assets owned by the trust benefits charitable purposes. Tova Financial Inc. disclaims beneficial ownership of the securities owned by the trust. David Zlatin and Gilda Zlatin are co-trustees of the Tova Financial, Inc. Charitable Remainder Unitrust, although they have no pecuniary interest in the trust and therefore disclaim beneficial ownership of shares owned by the trust. a) Tova Financial, Inc., Charitable Remainder Unitrust b) 2562 Biscayne Blvd. Beachwood, Ohio 44122-1773 c) Charitable Remainder Unitrust d) Neither the officers, directors, or shareholders of Tova Financial, Inc. 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 Tova Financial, Inc. have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. ZAK Group LLC David Zlatin is a 36 % owner of ZAK Group LLC and as such can be deemed to be a beneficial owner of such entity and may be deemed to have shared voting and dispositive power shares owned by ZAK Group LLC. Amster Limited Partnership is a 28 % owner of ZAK Group LLC and as such can be deemed to be a beneficial owner of such entity and may be deemed to have shared voting and dispositve power owned by ZAK Group LLC. a) ZAK Group LLC b) 221 Allynd Blvd., Chardon, Ohio 44024-1010 c) Investments d) Neither the officers, directors or members of ZAK Group LLC 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 members of ZAK Group LLC 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. David Zlatin David Zlatin and Gilda Zlatin are husband and wife. Except for Tova Financial, Inc., and Tova Financial, Inc. Charitable Remainder Unitrust, each disclaims any shared voting and dispositive power over shares of ECC Capital Corporation that each may own as a beneficial owner. a) David Zlatin b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773 c) Present principal occupation- Principal, Ramat Securities Ltd., securities firm- 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525 d) David Zlatin has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) David Zlatin has not been party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. Gilda Zlatin David Zlatin and Gilda Zlatin are husband and wife. Except for Tova Financial, Inc., and Tova Financial, Inc. Charitable Remainder Unitrust, each disclaims any shared voting and dispositive power over shares of ECC Capital Corporation that each may own as a beneficial owner. a) Gilda Zlatin b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773 c) Present principal occupation- Teacher On leave/sabbatical. d) Gilda Zlatin has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Gilda Zlatin has not been party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. For information purposes only Clients and employees (excluding Mr. Amster and Mr. Zlatin) of Ramat Securities own 710,750 shares of ECC Capital Corporation or 0.71 % of the Registrant's common shares. Clients and employees (excluding Mr. Amster and Mr. Zlatin) of Ramat Securities Ltd. do not have ownership, no shared voting, no dispositive power, no pecuniary interest in in any shares in Registrant's common shares nor to any other securities owned directly or indirectly by Ramat Securities Ltd. Clients and employees of Ramat Securities Ltd. (excluding Mr. Amster and Mr. Zlatin) disclaim being a member of this group. Ramat Securities has no ownership, no shared voting, no dispositive, no pecuniary interest in Registrant's common shares nor in any other securities owned directly or indirectly by its clients or employees (excluding Mr. Amster and Mr. Zlatin). Item 3. Source and Amount of Funds or Other Consideration Howard Amster, in his personal and individual retirement accounts purchased all 1,067,000 common shares with personal funds without borrowing. The total consideration for the purchases is is $ 2,603,892.85. Howard M Amster Charitable Remainder Unitrust purchased all 25,200 common shares with trust assets without borrowing. The total consideration for the purchase was $ 61,958.66. Howard M Amster 2005 Charitable Remainder Unitrust purchased all 183,600 common shares with trust assets without borrowing. The total consideration for the purchase was $ 433,551.46. Amster Ltd. Partnership purchased all 32,100 common shares with partnership funds without borrowing. The total consideration for these purchases is $ 72,308.33 Amster Trading Company purchased all 420,000 common shares with working capital without borrowing. The total consideration for these purchases is $ 1,065,450.92. Amster Trading Company Charitable Remainder Unitrusts purchased all 846,000 common shares with trust assets without borrowing. The total consideration for these purchases is $ 2,148,401.95. Pleasant Lake Apts. Ltd. Corp. purchased all 64,800 common shares with partnership funds without borrowing. The total consideration for these purchases is $ 158,124.34. Ramat Securities Ltd. purchased all 2,900,000 common shares with working capital without borrowing. The total consideration for these purchases is $ 4,729,525.98. Tova Financial, Inc. Charitable Remainder Unitrust purchased all 7,125 common shares with trust assets without borrowing. The total consideration for the purchase is $ 16,238.25. ZAK Group LLC purchased all 44,300 common shares with working capital without borrowing. The total consideration for the purchase is $ 86,582.18. . David Zlatin , in his individual retirement and K accounts purchased all 2,400 common shares with personal funds and without borrowing. The total consideration for the purchases is $ 5,552.50. Gilda Zlatin in her individual retirement account purchased all 500 common shares with personal funds and without borrowing. The total consideration for the purchase is $ 1179. Item 4. Purpose of Transaction Howard Amster, Howard M Amster Charitable Remainder Unitrust, Howard M Amster 2005 Charitable Remainder Unitrust, Amster Limited Partnership, Amster Trading Company, Amster Trading Company Charitable Remainder Unitrusts, Pleasant Lake Apts. Corp., Ramat Securites Ltd., Tova Financial Inc. Charitable Remainder Unitrust, Zak Group Ltd., David Zlatin, Gilda Zlatin acquired their shares for purposes of investment and may deemed to be a group. There are no present plans or proposals by this group of record or the beneficial owners as reported in this Schedule 13D which relates 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 or other securities of the issuer or dispose of some or all of their shares depending upon market conditions and their 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 or 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 the 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 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 an 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 As of November 11, 2005, the Registrant had 100,213,989 shares of common stock outstanding. Refer to 10-Q for quarterly period ending September 30, 2005. (a)(b) The aggregate amount owned by this Reporting Group is 5,593,025 shares or 5.58 % of the outstanding shares. Howard Amster in his name and individual retirement accounts owns 1,067,000 shares or 1.07 % of the common outstanding shares. Howard M Amster Charitable Remainder Unitrust owns 25,200 shares or 0.03 % of the common outstanding shares. Howard M Amster 2005 Charitable Remainder Unitrust owns 183,600 shares or 0.18 % of the common outstanding shares. Amster Limited Partnership owns 32,100 common shares or 0.03 % of the common outstanding shares. Amster Trading Company owns 420,000 shares or 0.42 % of the common outstanding shares. Amster Trading Company Charitable Remainder Unitrusts own 846,000 shares or 0.84 % of the common outstanding shares. Pleasant Lake Apts. Ltd. Corporation owns 64,800 common shares or 0.07 % of the common outstanding shares. Ramat Securities Ltd. owns 2,900,000 common shares or 2.89 % of the common outstanding shares. Tova Financial, Inc. Charitable Remainder Unitrust owns 7,125 or 0.01 % of the common outstanding shares. ZAK Group LLC owns 44,300 common shares or 0.04 % of the common outstanding shares. David Zlatin owns 2,400 common shares or 0.0 % of the common outstanding shares. Gilda Zlatin owns 500 common shares or 0.0 % of the common outstanding shares. c) Description of Transactions All purchases were executed on a listed stock exchange as an open market transaction.
Executing Identity Date Shares Price Broker Howard Amster 11/14/05 30,800 2.7259 Bear, Stearns and his 11/15/05 102,300 2.4819 Bear, Stearns Individual 11/16/05 238,200 2.3451 Bear, Stearns Retirement Accounts 11/17/05 46,100 2.4322 Bear, Stearns 12/01/05 30,000 2.9624 Bear, Stearns 12/02/05 28,000 2.9358 Bear, Stearns 12/06/05 20,000 2.6962 Bear, Stearns 12/07/05 50,000 2.528 Bear, Stearns 12/08/05 50,000 2.568 Bear, Stearns 12/09/05 20,000 2.3771 Bear, Stearns 12/13/05 47,600 2.3942 Bear, Stearns 01/13/06 69,700 2.5347 Bear, Stearns 01/18/06 8,500 2.3173 Bear, Stearns 01/24/06 72,200 2.3158 Bear, Stearns 01/30/06 199,700 2.2684 Bear, Stearns 01/31/06 53,900 2.2544 Bear, Stearns Howard M Amster 12/14/05 25,200 2.4433 Bear, Stearns Charitable Remainder Unitrust Howard M Amster 11/16/05 4,500 2.3451 Bear, Stearns 2005 Charitable 11/17/05 75,900 2.4322 Bear, Stearns Remainder Unitrust 01/13/06 5,400 2,5347 Bear, Stearns 01/18/06 2,700 2.3173 Bear, Stearns 01/30/06 95,100 2.2684 Bear, Stearns Amster Ltd. 01/23/06 32,100 2.2373 Bear, Stearns Partnership Amster Trading 11/11/05 204,000 2.6398 Bear, Stearns Company 11/15/05 54,500 2.4819 Bear, Stearns 11/16/05 57,300 2.3451 Bear, Stearns 11/17/05 87,200 2.4322 Bear, Stearns 02/02/06 17,000 2.2943 Bear, Stearns Amster Trading 11/10/05 31,100 2.5106 Bear, Stearns Company 11/17/05 123,500 2.4322 Bear, Stearns Charitable 12/12/05 200,000 2.3729 Bear, Stearns Remainder 12/13/05 13,600 2.3942 Bear, Stearns Unitrusts 01/12/06 60,000 2.6229 Friedman, Billings 01/12/06 73,500 2.6102 Bear, Stearns 01/13/06 78,100 2.5347 Bear, Stearns 01/18/06 49,500 2.3173 Bear, Stearns 01/24/06 77,000 2.3158 Bear, Stearns 01/30/06 139,700 2.2684 Bear, Stearns . Pleasant Lake 12/15/05 63,500 2.4271 Bear, Stearns Apts. Ltd. Corp. 01/18/06 1,300 2.3173 Bear, Stearns Ramat Securities 11/10/05 80,000 2.4431 Bear, Stearns Ltd. 11/14/05 100,000 2.6752 Bear, Stearns 11/15/06 30,000 2.4223 Bear, Stearns 12/02/05 15,000 2.8993 Bear, Stearns 12/06/05 20,000 2.8456 Bear, Stearns 12/16/05 16,000 2.4546 Bear, Stearns 12/19/05 14,000 2.3571 Bear, Stearns 12/20/05 10,000 2.50 Bear, Stearns 12/22/05 15,000 2.42 Bear, Stearns 02/01/06 200,000 2.2182 Bear, Stearns 02/02/06 96,000 2.3089 Bear, Stearns 02/03/06 115,000 2.3389 Bear, Stearns 02/06/06 39,000 2.3525 Bear, Stearns 02/16/06 300,000 2.016 Bear, Stearns 02/17/06 25,000 2.002 Bear, Stearns 02/27/06 896,000 1.3505 Bear, Stearns 03/22/06 125,000 1.0397 Bear, Stearns 03/22/06 141,400 1.03 Keefe, Bruyette 03/23/06 25,000 1.10 Bear, Stearns 03/27/06 87,600 1.1386 Bear, Stearns 03/27/06 125,000 1.1312 Friedman, Billings 03/28/06 305,000 1.2004 Bear, Stearns 03/29/06 120,000 1.2897 Bear, Stearns Tova Financial, Inc. 01/23/06 2,300 2.24 Bear, Stearns Charitable Remainder 01/30/06 4,400 2.27 Bear, Stearns Unitrust 01/31/06 425 2.27 Bear, Stearns ZAK Group LLC 11/14/05 8,800 2.6686 Bear, Stearns 01/05/06 10,500 2.37 Bear, Stearns 02/28/06 25,000 1.4989 Bear, Stearns David Zlatin 01/23/06 500 2.24 Bear, Stearns in his various 01/30/06 1,900 2.27 Bear, Stearns individual & K retirement accounts Gilda Zlatin 01/30/06 500 2.27 Bear, Stearns in her IRA
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 person except as set forth in items 2, 3, 5 above. Item 7. Material to be filed as exhibits. None Signature After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: April 3, 2006 /s/ Howard Amster /s/ Howard M Amster Charitable Remainder Unitrust By: Howard Amster Title: Trustee /s/ Howard M Amster 2005 Charitable Remainder Unitrust By: Howard Amster Title: Trustee /s/ Amster Limited Partnership By: Howard Amster Title: General Partner /s/ Amster Trading Company By: Howard Amster Title: President /s/ Amster Trading Company Charitable Remainder Unitrusts By: Howard Amster Title: Trustee /s/ Pleasant Lake Apts. Corp. By: Howard Amster Title: President /s/ Ramat Securities Ltd. By: David Zlatin Title: Principal /s/ Tova Financial, Inc. By: David Zlatin Title: President /s/ Tova Financial , Inc. Charitable Remainder Unitrust By: David Zlatin & Gilda Zlatin Title: Co-trustees /s/ Zak Group LLC By: David Zlatin Title: Member /s/ David Zlatin /s/ Gilda Zlatin -----END PRIVACY-ENHANCED MESSAGE-----