-----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, I3TwJqkmIzFuKIeIo9Q6yTlo/QfKeFxi6OkPZIxctdb4ewFBQBi8lhiw4w7ohf0m 9xQzTIYwP5IS8T5PgiFwVQ== 0000921895-98-000167.txt : 19980309 0000921895-98-000167.hdr.sgml : 19980309 ACCESSION NUMBER: 0000921895-98-000167 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980306 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED CAPITAL CORP /DE/ CENTRAL INDEX KEY: 0000065358 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 042294493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-05625 FILM NUMBER: 98558531 BUSINESS ADDRESS: STREET 1: 9 PARK PL CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 5164666464 MAIL ADDRESS: STREET 1: 111 GREAT NECK ROAD SUITE 401 CITY: GREAT NECK STATE: NY ZIP: 11021 FORMER COMPANY: FORMER CONFORMED NAME: METROPOLITAN CONSOLIDATED INDUSTRIES INC DATE OF NAME CHANGE: 19890323 FORMER COMPANY: FORMER CONFORMED NAME: METROPOLITAN GREETINGS INC DATE OF NAME CHANGE: 19810126 FORMER COMPANY: FORMER CONFORMED NAME: JORNS GREETING CARD CO INC DATE OF NAME CHANGE: 19670626 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PETROCELLI ATTILIO CENTRAL INDEX KEY: 0001056836 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 0 STREET 2: 9 PARK PLACE CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 5164666464 SC 13D/A 1 AMENDEMENT NO. 3 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)1 UNITED CAPITAL CORP. - -------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK, $.10 PAR VALUE - -------------------------------------------------------------------------------- (Title of class of securities) 909912 10 7 - -------------------------------------------------------------------------------- (CUSIP number) STEVEN WOLOSKY, ESQ. OLSHAN GRUNDMAN FROME & ROSENZWEIG LLP 505 Park Avenue New York, New York 10022 (212) 753-7200 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) November 26, 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. (Continued on following pages) (Page 1 of 6 Pages) - -------- 1 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 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). - ---------------------------- --------------------------------- CUSIP No. 909912 10 7 13D Page 2 of 6 Pages - ---------------------------- --------------------------------- ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS A. F. PETROCELLI - -------------------------------------------------------------------------------- 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 ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 2,974,524** OWNED BY -------------------------------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH -0- -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 2,974,524** -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,974,524** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 55.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! **Includes presently exercisable options to purchase an aggregate of 125,000 shares of Common Stock. - ---------------------------- --------------------------------- CUSIP No. 909912 10 7 13D Page 3 of 6 Pages - ---------------------------- --------------------------------- ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS BEVERLY PETROCELLI - -------------------------------------------------------------------------------- 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 ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 500,000 OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------- 8 SHARED VOTING POWER -0- --------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 500,000 --------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 500,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ - ---------------------------- --------------------------------- CUSIP No. 909912 10 7 13D Page 4 of 6 Pages - ---------------------------- --------------------------------- SCHEDULE 13D (Amendment No. 3) relating to the Common Stock, $.10 par value of United Capital Corp. This Amendment No. 3 amends the Schedule 13D dated January 20, 1994, (the "Schedule 13D"), filed by A.F. Petrocelli ("Mr. Petrocelli") and his wife, Beverly Petrocelli ("Mrs. Petrocelli"). This Amendment No. 3 reflects (i) the vesting of options to purchase an additional 33,333 shares of Common Stock, $.10 par value, (the "Common Stock") of United Capital Corp. (the "Issuer") held by Mr. Petrocelli and (ii) gifts of Common Stock by Mr. Petrocelli. The Schedule 13D does not reflect the grant of options to purchase 222,381 shares of Common Stock to Mr. Petrocelli in June 1997 since none of such options are exercisable within 60 days of January 21, 1998. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Schedule 13D. The items specified below are hereby amended and supplemented as specified herein. Item 5. Interest in Securities of the Issuer. Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following: On November 26, 1997, Mr. Petrocelli gifted an aggregate of 41,900 shares of Common Stock to his children, grandchildren and certain other individuals. - ---------------------------- --------------------------------- CUSIP No. 909912 10 7 13D Page 5 of 6 Pages - ---------------------------- --------------------------------- As a result of these transactions and various gifts made by Mr. Petrocelli to his children and grandchildren in 1996 and the vesting of options to purchase 33,333 shares of Common Stock in 1997, Mr. Petrocelli is the direct beneficial owner of 2,974,524 shares of Common Stock including presently exercisable options, to purchase 125,000 shares of Common Stock, representing approximately 55.0% of the outstanding Common Stock of the Issuer. Such percentage is based upon the amount of outstanding Common Stock of the Issuer as of December 31, 1997 (5,285,847 shares of Common Stock). Such amount does not include shares held by Mrs. Petrocelli and the adult children and grandchildren of Mr. Petrocelli. Mrs. Petrocelli is the direct beneficial owner of 500,000 shares of Common Stock representing approximately 9.5% of the outstanding Common Stock of the Issuer. Such percentage is based upon the amount of outstanding Common Stock of the Issuer as of December 31, 1997. Such amount does not include shares held by Mr. Petrocelli and the adult children or grandchildren of Mrs. Petrocelli. - ---------------------------- --------------------------------- CUSIP No. 909912 10 7 13D Page 6 of 6 Pages - ---------------------------- --------------------------------- SIGNATURES 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. Dated: January __, 1998 /s/ ----------------------------- A.F. Petrocelli /s/ ----------------------------- Beverly Petrocelli -----END PRIVACY-ENHANCED MESSAGE-----