0001193125-11-161196.txt : 20110608 0001193125-11-161196.hdr.sgml : 20110607 20110608160836 ACCESSION NUMBER: 0001193125-11-161196 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110608 DATE AS OF CHANGE: 20110608 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sims Andrew CENTRAL INDEX KEY: 0001304020 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 814 CAPITOL LANDING ROAD CITY: WILLIAMSBURG STATE: VA ZIP: 23185 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MHI Hospitality CORP CENTRAL INDEX KEY: 0001301236 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80544 FILM NUMBER: 11901098 BUSINESS ADDRESS: STREET 1: 410 W. FRANCIS STREET CITY: WILLIAMSBURG STATE: VA ZIP: 23185 BUSINESS PHONE: 757-229-5648 MAIL ADDRESS: STREET 1: 410 W. FRANCIS STREET CITY: WILLIAMSBURG STATE: VA ZIP: 23185 SC 13D/A 1 dsc13da.htm SCHEDULE 13D AMENDMENT NO. 1 Schedule 13D Amendment No. 1

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

MHI Hospitality Corporation

(Name of Issuer)

 

 

 

Common Stock, $0.01 par value

(Title of Class of Securities)

 

55302 L 10 2

(CUSIP Number)

 

Andrew M. Sims

c/o MHI Hospitality Corporation

410 W. Francis Street

Williamsburg, VA 23185

(757) 229-5648

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

 

June 7, 2011

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

 

 

Note: Schedules 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 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 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).

 

 

 

 

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CUSIP No. 55302 L 10 2   Page 2 of 5

 

  1.   

Name of Reporting Persons.

 

Andrew M. Sims

  2.  

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

(a)  ¨        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

    OO

  5.  

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

 

  6.  

Citizenship or Place of Organization

 

    United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

     7.    

Sole Voting Power

 

    703,355

     8.   

Shared Voting Power

 

     9.   

Sole Dispositive Power

 

    703,355

   10.   

Shared Dispositive Power

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    703,355

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  x*

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

    7.2%

14.

 

Type of Reporting Person (See Instructions)

 

    IN


* Row 11 does not include the number of shares that may be issued to Mr. Sims upon redemption of 574,597 units in MHI Hospitality, L.P., the Issuer’s operating partnership. The operating partnership is obligated to redeem each unit at the request of the holder, thereof for the cash value of one share of common stock or, at the Issuer’s option, one share of common stock.

 

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Item 2. Identity and Background

 

(c) Mr. Sims is the Chief Executive Officer of MHI Hospitality Corporation, a hospitality real estate investment trust, with principal executive offices at 410 W. Francis Street, Williamsburg, VA 23185 (the “Issuer”).

Item 3. Source and Amount of Funds or Other Consideration

MHI Hospitality, L.P. has redeemed 115,000 of its operating partnership units held by Mr. Sims (the “Units”) in exchange for shares of the Issuer’s common stock.

Item 4. Purpose of Transaction

The Units were redeemed for common stock upon notice from Mr. Sims and following the Issuer’s election to redeem the Units for stock rather than cash. The redemption was made for the purpose of investment. Mr. Sims is the Chief Executive Officer of the Issuer. Mr. Sims may, at any time and from time to time, review or reconsider his position and/or change his purpose and/or formulate plans or proposals with respect thereto. Mr. Sims does not have plans or proposals which relate to or would result in any of the actions listed in Items 4(a) through 4(j) of Schedule 13D.

Item 5. Interest in Securities of the Issuer

 

(a) Mr. Sims beneficially owns 703,355, or 7.2%, of the Issuer’s common stock, based on 9,701,786 shares outstanding. This amount includes 271,250 shares held by the AMS Family Partnership, R.L.L.P. and 156,250 shares held by Mr. Sims’ spouse. This amount does not include the number of shares that may be issued to Mr. Sims upon redemption of his 574,597 units in MHI Hospitality, L.P., the Issuer’s operating partnership (of which 60,581 units are held by the Edgar Sims Irrevocable Trust for which Mr. Sims serves as a co-trustee). The operating partnership is obligated to redeem each unit at the request of the holder, thereof for the cash value of one share of common stock or, at the Issuer’s option, one share of common stock.

 

(b) Mr. Sims has sole power to vote and dispose of 703,355 shares of the Issuer’s common stock.

 

(c) None.

 

(d) Not applicable.

 

(e) Not applicable.

 

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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: June 7, 2011

  By:  

/s/ Andrew M. Sims

    Name: Andrew M. Sims

 

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