-----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, NBQNvdwG61Ywm13x+MN0XhEbqWf6Sr20WgDGNZmQ32IWjBwtnAKD5xB9yYttZvuI sAiOQ39f1efPaaBGacYRWA== 0000898432-96-000052.txt : 19960213 0000898432-96-000052.hdr.sgml : 19960213 ACCESSION NUMBER: 0000898432-96-000052 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960212 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVATAR HOLDINGS INC CENTRAL INDEX KEY: 0000039677 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 231739078 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-18713 FILM NUMBER: 96515369 BUSINESS ADDRESS: STREET 1: 255 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 BUSINESS PHONE: 3054427000 MAIL ADDRESS: STREET 1: 255 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 FORMER COMPANY: FORMER CONFORMED NAME: GAC CORP /DE/ DATE OF NAME CHANGE: 19801023 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL ACCEPTANCE CORP DATE OF NAME CHANGE: 19710208 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SPEARS BENZAK SALOMON & FARRELL INC CENTRAL INDEX KEY: 0000092703 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 132700161 STATE OF INCORPORATION: NY FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 45 ROCKEFELLER PLZ CITY: NEW YORK STATE: NY ZIP: 10111 BUSINESS PHONE: 2129031200 MAIL ADDRESS: STREET 1: 45 ROCKEFELLER PLZ CITY: NEW YORK STATE: NY ZIP: 10111 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._____10_____)* Avatar Holdings, Inc. ----------------------------------------------------------------- (Name of Issuer) common stock ----------------------------------------------------------------- (Title of Class of Securities) 05349410 ---------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement /__/. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item l; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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 ("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). SEC 1745 (2/92) Page 1 of 5 pages CUSIP No. 05349410 13G Page 2 of 5 Pages 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Spears, Benzak, Salomon & Farrell, Inc. IRS ID No.: 13-2700161 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /__/ (b) /X_/ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York Corporation 5 SOLE VOTING POWER NUMBER OF 0 SHARES 6 SHARED VOTING POWER 2,033,597 shares BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER 0 EACH REPORTING PERSON 8 SHARED DISPOSITIVE POWER 2,033,597 shares WITH 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,033,597 shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 22.3% 12 TYPE OF REPORTING PERSON* IA SEC 1745 (2/92) Page 2 of 5 pages CUSIP No. 05349410 13G Page 3 of 5 Pages Item 1. (a) Name of Issuer Avatar Holdings, Inc. (b) Address of Issuer's Principal Executive Offices 255 Alhambra Circle Coral Gables, FL 33134 Item 2. (a) Name of Person Filing Spears, Benzak, Salomon & Farrell, Inc. (b) Address of Principal Business Office or, if none, Residence 45 Rockefeller Plaza New York, NY 10111 (c) Citizenship New York Corporation (d) Title of Class of Securities common stock (e) CUSIP Number 05349410 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) /__/ Broker or Dealer registered under Section 15 of the Act (b) /__/ Bank as defined in section 3(a)(6) of the Act (c) /__/ Insurance Company as defined in section 3(a)(19) of the act (d) /__/ Investment Company registered under section 8 of the Investment Company Act (e) /X_/ Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) /__/ Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see 240.13d-l(b)(l)(ii)(F) (g) /__/ Parent Holding Company, in accordance with 240.13d-l(b)(ii)(G) (Note: See Item 7) SEC 1745 (2/92) Page 3 of 5 pages CUSIP No. 05349410 13G Page 4 of 5 Pages (h) /__/ Group, in accordance with 240.13d-l(b)(l)(ii)(H) Item 4. Ownership If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-l(b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire. (a) Amount Beneficially Owned 2,033,597 as of December 31, 1995 (b) Percent of Class 22.3% of the issued and outstanding shares of common stock as of December 31, 1995 (c) Number of shares as to which such person has the filing person shares the power to vote and dispose or direct the disposition of such shares with various customers for whom the shares were purchased, but in each case the customer has the ultimate power to vote and dispose of the shares and may at any time revoke such filing person's authority to vote and dispose of the shares. Item 5. Ownership of Five Percent or Less of a Class N/A Item 6. Ownership of More than Five Percent on Behalf of Another Person. A variety of individuals, groups and corporations for whom Spears, Benzak, Salomon & Farrell, Inc. serves as investment adviser have rights to dividends and proceeds of the securities to which this filing relates. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. SEC 1745 (2/92) Page 4 of 5 pages CUSIP No. 05349410 13G Page 5 of 5 Pages Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. February 5, 1996 Spears, Benzak, Salomon & Farrell, Inc. By: /s/ Michael R. Parker ---------------------------- SEC 1745 (2/92) Page 5 of 5 pages -----END PRIVACY-ENHANCED MESSAGE-----