sec document

-----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, RJw4xbLhEwa/us9ujYk/Ppe1jcHSiJyBjFHwqRVO/02Zkl+gpcxaF6d+3hmrqSWI E0y13jxgSOzHzREItg7uFg== 0000921895-02-000065.txt : 20020414 0000921895-02-000065.hdr.sgml : 20020414 ACCESSION NUMBER: 0000921895-02-000065 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020207 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: 1934 Act SEC FILE NUMBER: 005-05625 FILM NUMBER: 02530053 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: JORNS GREETING CARD CO INC DATE OF NAME CHANGE: 19670626 FORMER COMPANY: FORMER CONFORMED NAME: METROPOLITAN GREETINGS INC DATE OF NAME CHANGE: 19810126 FORMER COMPANY: FORMER CONFORMED NAME: METROPOLITAN CONSOLIDATED INDUSTRIES INC DATE OF NAME CHANGE: 19890323 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PETROCELLI ATTILIO CENTRAL INDEX KEY: 0001056836 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 form13da8uc01196_02072002.htm sec document


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                                 --------------
                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 8)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 & WOLOSKY 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)

                                December 4, 2001
- --------------------------------------------------------------------------------
             (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                    3,412,705**
   OWNED BY
     EACH
  REPORTING
PERSON WITH    -----------------------------------------------------------------
                   8      SHARED VOTING POWER

                                -0-
               -----------------------------------------------------------------
                  9       SOLE DISPOSITIVE POWER

                                3,412,705**
               -----------------------------------------------------------------
                 10       SHARED DISPOSITIVE POWER

                                -0-
- --------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                     3,412,705**
- --------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                               |_|
- --------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     61.6%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                     IN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

**Includes presently exercisable options to purchase an aggregate of 872,381
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)

                   10.7%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                   IN
================================================================================






- ------------------------------                     -----------------------------
CUSIP No. 909912 10 7                    13D             Page 4 of 6  Pages
- ------------------------------                     -----------------------------



                                  SCHEDULE 13D

                                (Amendment No. 8)

                                 relating to the

                          Common Stock, $.10 par value

                                       of

                              United Capital Corp.


            This Amendment No. 8 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. 8 reflects (i) the
gifting by Mr. Petrocelli of 75,000 shares of Common Stock, $.10 par value (the
"Common Stock") of United Capital Corp. (the "Issuer") in 2001, (ii) certain
options to purchase Common Stock becoming presently exercisable and (iii) the
reduction of the number of shares of outstanding Common Stock of the Issuer as
the result of buy-backs of the Issuer's Common Stock. 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 December 4, 2001 Mr. Petrocelli gifted an aggregate of 75,000
shares to his adult children, grandchildren and one other individual.







- ------------------------------                     -----------------------------
CUSIP No. 909912 10 7                    13D             Page 5 of 6  Pages
- ------------------------------                     -----------------------------



            In June and July 2001, options to purchase an aggregate of 300,000
shares of Common Stock became presently exercisable.

            As a result of these transactions, Mr. Petrocelli is the direct
beneficial owner of 3,412,705 shares of Common Stock including presently
exercisable options to purchase 872,381 shares of Common Stock, representing
approximately 61.6% 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, 2001 (the
"10-Q"). 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 10.7% 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 the 10-Q. 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 31, 2002


                                                /s/ A.F. Petrocelli
                                                --------------------------------
                                                A.F. Petrocelli



                                                /s/ Beverly Petrocelli
                                                --------------------------------
                                                Beverly Petrocelli

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