-----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, QkUHagW4uQWHBiXHRQ1V9gi9qjMY1L/fy1jwaKmgLyxt+NS+yQtPErOXZ5y0BRnS yGQVPYyG3UoRece/lsrj8Q== 0000921895-98-000930.txt : 19981124 0000921895-98-000930.hdr.sgml : 19981124 ACCESSION NUMBER: 0000921895-98-000930 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981123 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: 98756504 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. 4 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)(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) October 6, 1998 - -------------------------------------------------------------------------------- (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 2,998,651** OWNED BY EACH REPORTING PERSON WITH ---------------------------------------------------------------- 8 SHARED VOTING POWER -0- ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 2,998,651** ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,998,651** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 56.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! **Includes presently exercisable options to purchase an aggregate of 149,127 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) 9.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ - --------------------------- ------------------------- CUSIP No. 909912 10 7 13D Page 4 of 6 Pages - --------------------------- ------------------------- SCHEDULE 13D (Amendment No. 4) relating to the Common Stock, $.10 par value of United Capital Corp. This Amendment No. 4 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. 4 reflects the sale of 50,000 shares of Common Stock, $.10 par value (the "Common Stock") of United Capital Corp. (the "Issuer") and the exercise of options to purchase 50,000 shares of Common Stock by Mr. Petrocelli. In addition, the Schedule 13D reflects the fact that options to purchase 74,127 shares of Common Stock granted to Mr. Petrocelli in June 1997 are now exercisable. The Schedule 13D does not reflect the grant of options to purchase (i) an additional 148,254 shares of Common Stock to Mr. Petrocelli in June 1997 or (ii) 300,000 shares of Common Stock to Mr. Petrocelli in June 1998, since none of such options are exercisable within 60 days of November 13, 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: - --------------------------- ------------------------- CUSIP No. 909912 10 7 13D Page 5 of 6 Pages - --------------------------- ------------------------- On June 18, 1998, options to purchase 74,127 shares of Common Stock held by Mr. Petrocelli became exercisable. On October 6, 1998, Mr. Petrocelli sold 50,000 shares of Common Stock for $20.00 per share and on October 26, 1998, Mr. Petrocelli exercised options to purchase 50,000 shares at an exercise price of $11.00 per share. As a result of these transactions Mr. Petrocelli is the direct beneficial owner of 2,998,651 shares of Common Stock including presently exercisable options, to purchase 149,127 shares of Common Stock, representing approximately 56.4% of the outstanding Common Stock of the Issuer. Such percentage is based upon the amount of outstanding Common Stock of the Issuer as reported in its Form 10-Q for the nine months ended September 30, 1998 (5,170,147 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 9.7% of the outstanding Common Stock of the Issuer. Such percentage is based upon the amount of outstanding Common Stock of the Issuer as reported in its Form 10-Q for the nine months ended September 30, 1998. 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: November 18, 1998 /s/ A. F. Petrocelli --------------------------------------- A.F. Petrocelli /s/ Beverly Petrocelli --------------------------------------- Beverly Petrocelli -----END PRIVACY-ENHANCED MESSAGE-----