-----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, HDwEqulW7XTp5vKBsFzqppB4/lMfckOFtMqz2v69x/TLouoeTyMPoiLy01OGBTgf BauDXysx5klX8bBdHsXvXw== 0000902664-08-001377.txt : 20080215 0000902664-08-001377.hdr.sgml : 20080215 20080214210650 ACCESSION NUMBER: 0000902664-08-001377 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080215 DATE AS OF CHANGE: 20080214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OLD STONE CORP CENTRAL INDEX KEY: 0000074273 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 050341273 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32342 FILM NUMBER: 08620667 BUSINESS ADDRESS: STREET 1: 957 WARREN AVE CITY: E PROVIDENCE STATE: RI ZIP: 02914 BUSINESS PHONE: 4015210065 MAIL ADDRESS: STREET 1: 2700 HOSPITAL TRUST TOWER STREET 2: EDWARDS & ANGELL CITY: PROVIDENCE STATE: RI ZIP: 02903 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MANTICORE PROPERTIES LLC CENTRAL INDEX KEY: 0001049558 IRS NUMBER: 133974831 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2122860300 MAIL ADDRESS: STREET 1: 888 SEVENTH AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 p08-0661sc13da.txt OLD STONE CORP. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 26) OLD STONE CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $1.00 PER SHARE CUMULATIVE VOTING CONVERTIBLE PREFERRED STOCK, SERIES B, PAR VALUE $1.00 PER SHARE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (Title of Class of Securities) 680293107 (COMMON STOCK) 680293305 (PREFERRED STOCK) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (CUSIP Number) ROY J. KATZOVICZ, ESQ. GOTHAM PARTNERS MANAGEMENT CO., LLC 888 SEVENTH AVENUE, 29TH FLOOR NEW YORK, NY 10019 (212) 286-0300 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 15, 2007 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.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 ss.240.13d-7 for other parties to whom copies are to be sent. 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). - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 2 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Manticore Properties, L.L.C. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 1,394,197 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 0 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 1,394,197 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 0 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,394,197 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.8% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 00 - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 3 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Manticore Properties, L.L.C. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 18,416 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 0 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 18,416 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 0 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,416 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 00 - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 4 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Manticore Properties II, L.P. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC; OO - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 455,203 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 0 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 455,203 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 0 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 455,203 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 5 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Manticore Properties II, L.P. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC; OO - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 4,936 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 0 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 4,936 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 0 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,936 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 6 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Mantpro, LLC - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC; OO - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 455,203 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 455,203 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 455,203 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 7 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Mantpro, LLC - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC; OO - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 4,936 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 4,936 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,936 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 8 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham Partners, L.P. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 564,339 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 1,394,197 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 564,339 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 1,394,197 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,958,536 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.6% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 9 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham Partners, L.P. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 2,547 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 18,416 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 2,547 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 18,416 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,963 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 32.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 10 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham Partners III, L.P. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 56,277 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 1,394,197 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 56,277 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 1,394,197 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,450,474 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 11 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham Partners III, L.P. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 270 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 18,416 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 270 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 18,416 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,686 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.0% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 12 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham International Advisors, L.L.C. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 724,661 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 0 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 724,661 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 0 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 724,661 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.7% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO; IA - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 13 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham International Advisors, L.L.C. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 10,835 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 0 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 10,835 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 0 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,835 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.8% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO; IA - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 14 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham Holdings II, L.L.C. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 1,394,197 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 1,394,197 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,394,197 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.8% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 15 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) Gotham Holdings II, L.L.C. - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ---------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 18,416 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 18,416 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,416 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 16 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) William A. Ackman - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 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 - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 3,194,677 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 3,194,677 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,194,677 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 38.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN; HC - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 17 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) William A. Ackman - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 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 - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 37,004 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 37,004 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,004 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 57.4% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN; HC - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293107 13D PAGE 18 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) David P. Berkowitz - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 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 - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Common Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,739,474 Common Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Common Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,739,474 Common Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,739,474 Common Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN; HC - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 19 OF 24 PAGES - ----------------------- ------------------- - ---------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON / I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only) David P. Berkowitz - ---------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ---------- -------------------------------------------------------------------- 3 SEC USE ONLY - ---------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ---------- -------------------------------------------------------------------- 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 - ---------- -------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 0 Preferred Shares SHARES ----------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 32,068 Preferred Shares OWNED BY ----------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 0 Preferred Shares REPORTING ----------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 32,068 Preferred Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,068 Preferred Shares - ----------- -------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.7% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN; HC - ----------- -------------------------------------------------------------------- - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 20 OF 24 PAGES - ----------------------- ------------------- This Amendment No. 26 amends the Statement on Schedule 13D, as originally filed on December 24, 1997 (the "Prior Statement") as amended and restated by Amendment No. 25 previously filed on March 28, 2007, (the "Statement") by Gotham Partners, L.P., a New York limited partnership ("Gotham"), Gotham Partners III, L.P., a New York limited partnership ("Gotham III"), (together the "Funds"), Manticore Properties, LLC, a Delaware limited liability company ("Manticore"), Gotham International Advisors, L.L.C., a Delaware limited liability company ("Gotham Advisors"), Mantpro, LLC, a Delaware limited liability company ("Mantpro"), Manticore Properties II, L.P. ("Manticore II"), Gotham Holdings II, L.L.C., a Delaware limited liability company ("Holdings II"), Gotham Holdings III, L.L.C., a Delaware limited liability company ("Holdings III"), Mr. William A. Ackman ("Ackman") and Mr. David Berkowitz ("Berkowitz") and relating to the beneficial ownership of shares of Common Stock, par value $1.00 per share (the "Common Shares") and shares of Cumulative Voting Convertible Preferred Stock, Series B, par value $1.00 per share (the "Preferred Shares" and together with the Common Shares, the "Shares") of Old Stone Corporation, a Rhode Island corporation (the "Company"). This amended Schedule 13D is being filed as a result of the Company's redemption of 982,467.44 shares of the Preferred Shares (including 563,924 Preferred Shares held by the Reporting Persons) on August 15, 2007 for an aggregate redemption price of $56.9 million. The Company effected a partial redemption on a pro rata basis, in which a fraction of each outstanding share of Preferred Stock was redeemed, and accrued and unpaid dividends thereon was paid. The numbered items set forth below corresponding to the numbered items previously set forth in the Statement are hereby amended and restated as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) Manticore beneficially owns 1,394,197 Common Shares or 16.8% of the outstanding Common Shares and 18,416 or 28.6% of the outstanding Preferred Shares. The sole power to vote or direct the voting of, and the sole power to dispose or direct the disposition of, such Shares is held by Manticore. Manticore II beneficially owns 455,203 Common Shares or 5.5% of the outstanding Common Shares and 4,936 Preferred Shares or 7.7% of the outstanding Preferred Shares. The sole power to vote or direct the voting of, and the sole power to dispose or direct the disposition of, such Shares is held by Manticore II. Set forth below for each of Gotham, Ackman, Berkowitz, Gotham III, Holdings II, and Mantpro are the beneficial ownership positions for each including the sole and/or shared power to vote or direct the voting of, and the sole and/or shared power to dispose or direct the disposition of, the Shares. Gotham beneficially owns an aggregate of 1,958,536 or 23.6% of the outstanding Common Shares, of which (i) 564,339 Common Shares are directly owned by Gotham and (ii) 1,394,197 Common Shares are indirectly owned by Gotham through Manticore. Gotham beneficially owns an aggregate of 20,963 or 32.5% of the outstanding Preferred Shares, of which (i) 2,547 Preferred Shares are directly owned by Gotham and (ii) 18,416 Preferred Shares are indirectly owned by Gotham through Manticore. Gotham III beneficially owns an aggregate of 1,450,474 or 17.5% of the outstanding Common Shares, of which (i) 56,277 Common Shares are directly owned by Gotham III, and (ii) 1,394,197 Common Shares are indirectly owned by Gotham III through Manticore. Gotham III beneficially owns an aggregate of 18,686 or 29.0% of the outstanding Preferred Shares, of which (i) 270 Preferred Shares are directly owned by Gotham III, and (ii) 18,416 Preferred Shares are indirectly owned by Gotham III through Manticore. - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 21 OF 24 PAGES - ----------------------- ------------------- Gotham International owns 724,661 Common Shares, or 8.7% of the outstanding Common Shares and 10,835 Preferred Shares or 16.8% of the outstanding Preferred Shares. The sole power to vote or direct the voting of, and the sole power to dispose or direct the disposition of, such Shares is held by Gotham Advisors. Holdings II beneficially owns an aggregate of 1,394,197 or 16.8% of the outstanding Common Shares, which are indirectly owned by Holdings II through Manticore. Holdings II beneficially owns an aggregate of 18,416 or 28.6% of the outstanding Preferred Shares, which are indirectly owned by Holdings II through Manticore. Mantpro, indirectly through Manticore II, beneficially owns 455,203 Common Shares or 5.5% of the outstanding Common Shares and 4,936 Preferred Shares, or 7.7% of the outstanding Preferred Shares. The sole power to vote or direct the voting of and the power to dispose or direct the disposition of such Shares is held by Manticore II. Ackman beneficially owns an aggregate of 3,194,677 Common Shares, or 38.5% of the outstanding Common Shares which are indirectly owned by Ackman through each of Manticore, Gotham, Gotham III, Gotham International, Holdings II, Mantpro and Manticore II. Ackman beneficially owns an aggregate of 37,004 Preferred Shares or 57.4% of the outstanding Preferred Shares which are indirectly owned by Ackman through each of Manticore, Gotham, Gotham III, Gotham International, Holdings II, Mantpro and Manticore II. Berkowitz beneficially owns an aggregate of 2,739,474 Common Shares, or 33.0% of the outstanding Common Shares, which are indirectly owned by Berkowitz through each of Manticore, Gotham, Gotham III, Gotham International, and Holdings II. Berkowitz beneficially owns an aggregate of 32,068 Preferred Shares or 49.7% of the outstanding Preferred Shares which are indirectly owned by Berkowitz through each of Manticore, Gotham, Gotham III, Gotham International and Holdings II. The number of shares beneficially owned by each of the Reporting Persons, and the percentages of outstanding shares represented thereby, have been computed in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. The ownership of the Reporting Persons is based on 64,446.562 outstanding Preferred Shares of the Issuer as of September 30, 2007, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended September 30, 2007, and 8,297,046 outstanding Common Shares as of September 30, 2007, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended September 30, 2007. (b) Pursuant to the Investment Management Agreement, filed as Exhibit 1 to this Schedule 13D, Gotham Advisors currently has the power to vote and to dispose of all of the Common Stock beneficially owned by Gotham International. (c) None of the Reporting Persons has affected any transactions in the securities of the Company during the last sixty days, except as previously reported. (d) Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1* Agreement, dated November 14, 1997, among Manticore Properties, LLC, Gotham Partners, L.P. and Gotham Partners II, L.P. Exhibit 2* Joint Filing Agreement, dated as of June 9, 2003 * Previously filed. - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 22 OF 24 PAGES - ----------------------- ------------------- After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certify that the information set forth in this Restatement is true, complete and correct. Date: February 14, 2008 MANTICORE PROPERTIES, LLC By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Managing Member MANTICORE PROPERTIES II, L.P. By: Mantpro, LLC its General Partner By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Managing Member MANTPRO, LLC By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Managing Member GOTHAM PARTNERS, L.P. By: Section H Partners, L.P., its general partner By: Karenina Corporation a general partner of Section H Partners, L.P. By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: President - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 23 OF 24 PAGES - ----------------------- ------------------- GOTHAM PARTNERS III, L.P. By: Section H Partners, L.P., its general partner By: Karenina Corporation a general partner of Section H Partners, L.P. By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: President GOTHAM INTERNATIONAL ADVISORS, L.L.C. By: /s/ William A. Ackman ------------------------------- Name: William A. Ackman Title: Senior Managing Member GOTHAM HOLDINGS II, L.L.C. By: Gotham Holdings Management LLC, the Manager By: /s/ William A. Ackman ------------------------------- William A. Ackman Senior Managing Member - ----------------------- ------------------- CUSIP NO. 680293305 13D PAGE 23 OF 24 PAGES - ----------------------- ------------------- EXHIBIT INDEX Exhibit No. Description Exhibit 1* Agreement, dated November 14, 1997, among Manticore Properties, LLC, Gotham Partners, L.P. and Gotham Partners II, L.P. Exhibit 2* Joint Filing Agreement, dated as of June 9, 2003 - ----------------- * Previously filed. -----END PRIVACY-ENHANCED MESSAGE-----