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, VPV3sFLcW967rN4OtcHSW8ZYIKpcgI2UjXzzoq3C49yz6U767e/4GdDbSPbpki/c oA0Ywe3StGlAqjqxru2Rgw== 0000921895-03-000037.txt : 20030127 0000921895-03-000037.hdr.sgml : 20030127 20030127164618 ACCESSION NUMBER: 0000921895-03-000037 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030127 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: 03526274 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: 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 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 SC 13D/A 1 sc13da901196_01242003.htm sec document


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                                 --------------

                                  SCHEDULE 13D

                 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
                    PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
                     THERETO FILED PURSUANT TO RULE 13d-2(a)

                               (Amendment No. 9)1

                              UNITED CAPITAL CORP.
                                (Name of issuer)

                          COMMON STOCK, $0.10 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 6, 2002
- --------------------------------------------------------------------------------
             (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(e),  13d-1(f) or 13d-1(g),  check the
following box / /

            Note.  Schedules  filed  in  paper  format  shall  include  a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7
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. 412293-10-2                 13D                      Page 2 of 6 pages
- -----------------------                                     --------------------


================================================================================
     1        NAME OF REPORTING PERSONS
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                             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 OF ORGANIZATION

                    U.S.A.
- --------------------------------------------------------------------------------
 NUMBER OF         7      SOLE VOTING POWER
  SHARES
BENEFICIALLY                    3,624,058**
OWNED BY EACH
  REPORTING
 PERSON WITH  ------------------------------------------------------------------
                   8      SHARED VOTING POWER

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

                                3,624,058**
              ------------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

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

                    3,624,058**
- --------------------------------------------------------------------------------
     12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
              CERTAIN SHARES*                                                / /
- --------------------------------------------------------------------------------
     13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     63.6%
- --------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON*

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

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


**   Includes  presently   exercisable  options  to  purchase  an  aggregate  of
     1,154,734 shares of Common Stock.





- -----------------------                                     --------------------
CUSIP No. 412293-10-2                 13D                      Page 3 of 6 pages
- -----------------------                                     --------------------


================================================================================
     1        NAME OF REPORTING PERSONS
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                             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 OF 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

                                500,00
              ------------------------------------------------------------------
                  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)

                     11.0%
- --------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON*

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

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





- -----------------------                                     --------------------
CUSIP No. 412293-10-2                 13D                      Page 4 of 6 pages
- -----------------------                                     --------------------



                                  SCHEDULE 13D

                                (Amendment No. 9)

                                 relating to the

                          Common Stock, $.10 par value

                                       of

                              United Capital Corp.



            This Amendment No. 9 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. 9 reflects (i) the
gifting by Mr.  Petrocelli of 71,000 shares of Common Stock, $.10 par value (the
"Common  Stock") of United Capital Corp.  (the  "Issuer") in 2002,  (ii) certain
options to purchase Common Stock becoming presently exercisable,  (iii) the sale
by Mr.  Petrocelli of 17,647  shares of Common  Stock,  (iv) the exercise by Mr.
Petrocelli  of options to  purchase  17,647  shares of Common  Stock and (v) 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 6, 2002 Mr.  Petrocelli  gifted an  aggregate  of 71,000
shares to his adult children, grandchildren and one other individual.

            In June and July 2002,  options to purchase an  aggregate of 300,000
shares of Common Stock became presently exercisable.






- -----------------------                                     --------------------
CUSIP No. 412293-10-2                 13D                      Page 5 of 6 pages
- -----------------------                                     --------------------



            On June 7, 2002, Mr.  Petrocelli sold 17,647 shares of Common Stock.
On June 11, 2002, Mr. Petrocelli  exercised options to purchase 17,647 shares of
Common Stock.

            As a result of these  transactions,  Mr.  Petrocelli  is the  direct
beneficial  owner of  3,624,058  shares  of  Common  Stock  including  presently
exercisable  options to purchase 1,154,734 shares of Common Stock,  representing
approximately  63.6%  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,  2002(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  11.0%  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. 412293-10-2                 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 22, 2003


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


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

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