-----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, RhM3SvuKvTlc19CNz8ECENC5rWCUZEKdEQo5YjdnVNDGDVa5F6rgyxlFZz99JnUM 4zK0c4aIGmAu7FoDfA5qvg== 0001015402-01-501035.txt : 20010514 0001015402-01-501035.hdr.sgml : 20010514 ACCESSION NUMBER: 0001015402-01-501035 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010511 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CALTON INC CENTRAL INDEX KEY: 0000717216 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 222433361 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-35449 FILM NUMBER: 1629245 BUSINESS ADDRESS: STREET 1: 125 HALF MILE ROAD CITY: RED BANK STATE: NJ ZIP: 07701-6749 BUSINESS PHONE: 9087801800 MAIL ADDRESS: STREET 1: 500 CRAIG RD CITY: MANALAPAN STATE: NJ ZIP: 07726-8790 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHITAKER DON C /BD CENTRAL INDEX KEY: 0000276756 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 23 BEECHWOOD CITY: IRVINE STATE: CA ZIP: 92604 BUSINESS PHONE: 9498576008 MAIL ADDRESS: STREET 1: 23 BEECHWOOD CITY: IRVINE STATE: CA ZIP: 92604 SC 13D 1 doc1.htm Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No.   )*



Calton, Inc.
(Name of Issuer)
common stock
(Title of Class of Securities)
131380503
(CUSIP Number)
Don C. Whitaker
Don C. Whitaker, Inc.
23 Beechwood
Irvine, CA 92604 949-857-6008
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

May 04, 2001
(Date of Event which Requires Filling of this Statement)


If the filing person has previously filed a statement on Schedule 13D to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1 (f) or 240.13d-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 § 240.13d-7 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).


 


SCHEDULE 13D
CUSIP No. 131380503
  1. Names of Reporting Persons.
Don C. Whitaker
I.R.S. Identification No.
  2. Check the Appropriate Box if a Member of a Group*
(a.)  [  ]       (b.)  [X]
  3. SEC USE ONLY
  4. Source of Funds*
PF
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  [  ]
  6. Citizenship or Place of Organization
United States citizen
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With 		7. Sole Voting Power
214,400
8. Shared Voting Power
9. Sole Dipositive Power
10. Shared Dipositive Power
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
214,400
  12. Check if the Aggregate Amount Represented bt Amount in Row (11) Excludes Certain Shares
(See Insructions)   [  ]
  13. Percent of Class Represented by Amount in Row (11)
5.17%
  14. Type of Reporting Person
IN


2


Item 1. Security and Issuer

          Shares of common stock of Calton, Inc. and the principal executive
         offices are: 2013 Indian River Blvd., Vero Beach, FL 32960


Item 2. Identity and Background.


(a)

Name:  Don C. Whitaker


(b)

Residence or business address:  23 Beechwood
         Irvine, CA 92604


(c)

Present Principal Occupation or Employment:  Don C. Whitaker, Inc.
         23 Beechwood
         Irvine, CA 92604
         For the the past 22 years.


(d)

Criminal Conviction:  No


(e)

Court or Administrative Proceedings:  No


(f)

 Citizenship:  United States


Item 3. Source and Amount of Funds or Other Consideration:

          Personal and retirement funds of Mr. Whitaker of approximately
         $821,226.93.


Item 4. Purpose of Transaction

            State the purpose or purposes of the acquisition of securities of the issuer. Describe any plans or proposals which the reporting persons may have which relate to or would result in:

         It currently is Mr. Whitaker's intention to submit at the next sched-
         uled shareholder's meeting a proposal, pursuant to prescribed company
         by-laws, seeking an orderly liquidation of assets and to distribute
         the proceeds to shareholders as soon as possible. Mr. Whitaker
         perceives that the current management has unintentionally deceived
         itself in attempting to meet it's stated strategic plan to "enhance
         shareholder value" by a flawed diversification effort. It is Mr.
         Whitaker's view that the best way to achieve said goal is to return
         the assets to the real owners of the company. This would provide the
         owners an immediate substantial gain over what the investing public
         currently weighs the value of Calton, Inc. in the marketplace while
         the company continues it's ill timed diversification maneuvers. It is
         also Mr. Whitaker's desire that the management finally realizes the
         futility of said diversification effort and chooses to initiate such
         an attempt itself by submitting such a proposal on it's own accord
         to shareholders many months prior to the next scheduled annual
         meeting. This would finally acknowledge the need by the directors to
         immediately cease the severe cash drain of said fledgling operations.


3

(a)

The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;

No

(b)

An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;

As stated above

(c)

A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;

Other than stated above

(d)

Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

No

(e)

Any material change in the present capitalization or dividend policy of the issuer;

Other than stated above

(f)

Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;

Other than stated above

(g)

Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;

Other than stated above

(h)

Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

Other than stated above

(i)

A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

Other than stated above

(j)

Any action similar to any of those enumerated above.

Other than stated above


Item 5. Interest in Securities of the Issuer.


(a)

5.17%


(b)

Don C. Whitaker 214,400 sole voting power


(c)

Date

Shares Purchased (sold)

Price per share

 

 

3/12/2001
3/15
3/15
3/16
3/16
3/19
3/19
3/19
3/20
3/20
3/23
3/26
3/27
3/29
4/4
4/5
4/5
4/6
4/6
4/6
4/6
4/10
4/10
4/16
4/18
4/19
4/20
4/20
4/23
4/24
4/25
4/25
4/26
4/26
4/26
4/26
4/26
4/26
4/26
4/26
4/30
4/30
5/1
5/2
5/2
5/2
5/3
5/4
5/4
5/4
5/4
5/7
5/8
5/8
5/10

700
800
1600
3400
1500
2600
3500
6000
3500
1600
500
900
1800
5000
4000
1000
500
(1000)
(1500)
(5200)
(2500)
(2000)
(1500)
800
(600)
(500)
7000
500
1200
1600
(2100)
24500
8000
7000
1800
2000
3000
2000
3000
1400
3300
(1500)
(1100)
2000
2000
2000
500
(2500)
1500
4000
6000
(1500)
(1100)
500
500

$3.62
3.62
3.64
3.64
3.62
3.62
3.60
3.61
3.56
3.51
3.53
3.53
3.53
3.43
3.43
3.43
3.42
3.57
3.60
3.70
3.75
3.95
3.99
3.75
3.93
4.18
4
3.95
3.96
3.99
4.07
4
4
3.97
3.95
3.9
3.88
3.85
3.83
3.8
3.8
3.9
3.98
3.83
3.82
3.81
3.8
3.9
3.85
3.82
3.8
4
4
3.9
4

 

 

 

 

All transactions were executed in the marketplace


(d)

No


(e)

Not applicable


Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

          None



4


Item 7. Material to be Filed as Exhibits.

          None


Signature

        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.
 
Date:  May 10, 2001
  Don C. Whitaker
  By: /s/ Don C. Whitaker
      Don C. Whitaker
 


5
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