-----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, Lngrbuzrlt+hjZdURDL1wBOU5WCiFM6+0O+HO9nizxqaHNxKAFb62E7kEj2rnVbu Xt7Ir3tWacKAZbQ4ZpyrwA== 0000950144-97-002172.txt : 19970310 0000950144-97-002172.hdr.sgml : 19970310 ACCESSION NUMBER: 0000950144-97-002172 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970307 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKE GROUP LTD CENTRAL INDEX KEY: 0000059440 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] IRS NUMBER: 510255124 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-06295 FILM NUMBER: 97552910 BUSINESS ADDRESS: STREET 1: 100 S E SECOND ST CITY: MIAMI STATE: FL ZIP: 33131 BUSINESS PHONE: 3055798000 FORMER COMPANY: FORMER CONFORMED NAME: LIGGETT GROUP INC DATE OF NAME CHANGE: 19900815 FORMER COMPANY: FORMER CONFORMED NAME: LIGGETT & MYERS INC DATE OF NAME CHANGE: 19760602 FORMER COMPANY: FORMER CONFORMED NAME: LIGGETT & MYERS TOBACCO CO DATE OF NAME CHANGE: 19690528 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEBOW BENNETT S CENTRAL INDEX KEY: 0001005790 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O BROOKE GROUP LTD STREET 2: 100 SOUTHEAST SECOND STREET 32RD FLOOR CITY: MIAMI STATE: FL ZIP: 33131 BUSINESS PHONE: 3055798000 MAIL ADDRESS: STREET 1: C/O BROOK GROUP LTD STREET 2: 100 SOUTHEAST SECOND STREET 32RD FLOOR CITY: MIAMI STATE: FL ZIP: 33131 SC 13D 1 BROOKE GROUP LTD. SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* BROOKE GROUP LTD. ---------------- (Name of Issuer) COMMON STOCK, $.10 PAR VALUE ------------------------------ (TITLE OF CLASS OF SECURITIES) 112525-10-0 -------------- (CUSIP NUMBER) MARC N. BELL, C/O BROOKE GROUP LTD., ------------------------------------ 100 S.E. SECOND STREET, 32ND FLOOR ---------------------------------- MIAMI, FL 33131 (305) 579-8000 ------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) MARCH 6, 1997 ------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). 2 SCHEDULE 13D CUSIP NO. 112525-10-0 PAGE 2 OF 4 PAGES
===================================================================================================================== Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person 1 Bennett S. LeBow - --------------------------------------------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] - --------------------------------------------------------------------------------------------------------------------- 3 SEC Use Only - --------------------------------------------------------------------------------------------------------------------- 4 Source of Funds* - --------------------------------------------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------- Citizenship or Place of Organization 6 United States - --------------------------------------------------------------------------------------------------------------------- 7 Sole Voting Power 9,536,208 ---------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares Beneficially ---------------------------------------------------------------------------------- Owned by Each 9 Sole Dispositive Power Reporting Person 9,536,208 With ---------------------------------------------------------------------------------- 10 Shared Dispositive Power - --------------------------------------------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 9,536,208 - --------------------------------------------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] - --------------------------------------------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 52.7% - --------------------------------------------------------------------------------------------------------------------- 14 Type of Reporting Person* IN =====================================================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D CUSIP NO. 112525-10-0 PAGE 3 OF 4 PAGES PRELIMINARY STATEMENT: This Amendment No. 2 amends the Schedule 13D filed by Bennett S. LeBow (the "Reporting Person") with the Securities and Exchange Commission on February 21, 1995, as previously amended by Amendment No. 1 thereto (as amended, the "Schedule 13D"), relating to the common stock, $.10 par value per share (the "Common Stock"), of Brooke Group Ltd. ("BGL"). Unless otherwise defined herein, all terms used herein shall have the meanings ascribed to them in the Schedule 13D. Item 4 is hereby amended as follows: ITEM 4. PURPOSE OF TRANSACTION The Reporting Person may periodically dispose of shares of Common Stock in public and/or private transactions. See also Item 6 herein. The Reporting Person has no present plans or proposals (although the right to develop such plans or proposals is reserved) which would result in or relate to any of the other transactions described in subparagraphs (a) through (j) of Item 4 to Schedule 13D. Item 5 is hereby amended as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of March 7, 1997, the Reporting Person was the direct and indirect beneficial owner of, in the aggregate, 9,536,208 shares of Common Stock (the "Shares"), which constituted approximately 52.7% of the 18,097,096 shares of Common Stock outstanding as of such date. (b) The Reporting Person directly exercises voting power and dispositive power over 2,910,338 of the Shares. The Reporting Person indirectly exercises voting power and dispositive power over the remainder of the Shares through certain affiliates, namely: (1) BSL, which holds 4,844,156 of the Shares; (2) LLP, which holds 1,281,715 of the Shares; and (3) LeBow Family Partnership 1993, Ltd., a Florida limited partnership ("LFP"), which holds 499,999 of the Shares. (c) On March 6, 1997, the Reporting Person, through LFP, effected the sale in the open market of 500,000 shares of Common Stock at $4.50 per share, excluding brokerage commissions. See also Item 6 herein. Item 6 is hereby amended as follows: ITEM 6. CONTRACTS, ARRANGEMENT, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER On March 7, 1997, LLP satisfied its obligation to make certain payments in respect of a loan in the then principal amount of $5.2 million from Brooke Partners, L.P. (the predecessor in interest of BGLS Inc., a wholly-owned subsidiary of BGL), to a former executive, due in 1997, by transferring to the Company 400,000 of its shares of Common Stock, which shares had been pledged to secure such non-recourse obligation, except as to the pledged shares. 4 SCHEDULE 13D CUSIP NO. 112525-10-0 PAGE 4 OF 4 PAGES SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 7, 1997 /s/ Bennett S. LeBow ----------------------------- Bennett S. LeBow -----END PRIVACY-ENHANCED MESSAGE-----