-----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, NwGJvVbd+rDJbPrTamnJ2ShFidbTK6s/dIDDQRaKZyyVufIfmQ0/KWslD74+GI/Z HucDSKFw7e8eduJ3TON0mQ== 0000909518-03-000512.txt : 20030804 0000909518-03-000512.hdr.sgml : 20030804 20030804172030 ACCESSION NUMBER: 0000909518-03-000512 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030804 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ESTATE OF LEON LEVY CENTRAL INDEX KEY: 0001257520 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 280 PARK AVE SOUTH STREET 2: 21ST FL WEST BUILDING CITY: NEW YORK STATE: NY ZIP: 10021 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVATAR HOLDINGS INC CENTRAL INDEX KEY: 0000039677 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 231739078 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-18713 FILM NUMBER: 03821462 BUSINESS ADDRESS: STREET 1: 201 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 BUSINESS PHONE: 3054427000 MAIL ADDRESS: STREET 1: 201 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 SC 13G 1 mv8-4_leonlevy13g.txt ================================================================================ 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. __)* AVATAR HOLDINGS INC. - -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, 053494-10-0 PAR VALUE $1.00 PER SHARE - ------------------------------ ------------------------------ (TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER) JULY 31, 2003 - -------------------------------------------------------------------------------- (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 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). Continued on Following Pages Page 1 ================================================================================
- ------------------------------------ -------------------------------------------- -------------------------------------- CUSIP No. 053494-10-0 13G Page 2 - ------------------------------------ -------------------------------------------- -------------------------------------- - ----------------------------- --------------------------------------------------- ------------------------------------------------- 1 NAME OF REPORTING PERSONS: THE ESTATE OF LEON LEVY I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (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: NEW YORK - ------------------------------------ ------ --------------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 706,426 (includes 227,924 shares acquirable upon SHARES conversion of Notes owned by The Estate of Leon Levy) ------ --------------------------------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 0 OWNED BY ------ --------------------------------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 706,426 (includes 227,924 shares acquirable upon REPORTING conversion of Notes owned by The Estate of Leon Levy) ------ --------------------------------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 0 - ----------------------------- ----------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 706,426 (includes 227,924 shares acquirable upon conversion of Notes owned by The Estate of Leon Levy) - ----------------------------- ----------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* [ ] - ----------------------------- ----------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 7.9% - ----------------------------- --------------------------------------------------- ------------------------------------------------- 12 TYPE OF REPORTING PERSON: OO - ----------------------------- --------------------------------------------------- -------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT! 2 ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES (a) and (b) This Statement on Schedule 13G (the "Schedule 13G") relates to the common stock, par value $1.00 per share (the "Common Stock"), of Avatar Holdings Inc., a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 201 Alhambra Circle, Coral Gables, Florida 33134. ITEM 2. NAME OF PERSON FILING (a) Name of Persons Filing: The Estate of Leon Levy (the "Reporting Person") (b) Address of Principal Business Office or, if None, Residence: 280 Park Avenue 21st Floor - West Building New York, NY 10021 (c) Citizenship: New York (d) Title of Class of Securities: Common stock, par value $1.00 per share, of the Issuer (e) CUSIP Number: 053494-10-0 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) [ ] An Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). 3 (h) [ ] A Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Not applicable. ITEM 4. OWNERSHIP (a) - (b) The Reporting Person beneficially owns 706,426 shares of Common Stock (composed of (i) 478,502 shares of Common Stock owned directly and (ii) 227,924 shares of Common Stock acquirable upon conversion of $7,248,000 aggregate principal amount of the Issuer's 7% Convertible Subordinated Notes due 2005 owned by the Reporting Person), representing approximately 7.9% of the outstanding shares of Common Stock of the Issuer (assuming conversion of all Notes owned by the Reporting Person). The percentage ownership of the Reporting Person is based on 8,733,885 shares of Common Stock outstanding as of July 31, 2003, as reported by the Issuer in its press release issued on August 1, 2003. (c) The responses of the Reporting Person to Rows (5) through (8) of the cover pages of this statement on Schedule 13G are incorporated herein by reference 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 the reporting person 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 Not applicable. 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. 4 ITEM 10. CERTIFICATION (a) Not applicable. (b) 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. 5 SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: August 1, 2003 THE ESTATE OF LEON LEVY By: /s/ Shelby White ------------------------------- Name: Shelby White Title: Executrix By: /s/ Elizabeth Moynihan ------------------------------- Name: Elizabeth Moynihan Title: Executrix 6 -----END PRIVACY-ENHANCED MESSAGE-----