-----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, TIFdq6XIr7gJATJMJL/sv0XK2XMydEgowbzqFlRrMZz81JAPM0EBGRcyJgV9SCpf ZC+ckDOBRNshEDbySA7gSQ== 0000950123-99-001254.txt : 19990217 0000950123-99-001254.hdr.sgml : 19990217 ACCESSION NUMBER: 0000950123-99-001254 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990216 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE REALTY INCOME TRUST INC CENTRAL INDEX KEY: 0000854875 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 541589139 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-55813 FILM NUMBER: 99543080 BUSINESS ADDRESS: STREET 1: 306 E MAIN ST CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8046431761 MAIL ADDRESS: STREET 1: 306 E MAIN ST CITY: RICHMOND STATE: VA ZIP: 23219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAINE WEBBER GROUP INC CENTRAL INDEX KEY: 0000075754 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 132760086 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127132000 MAIL ADDRESS: STREET 1: 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: PAINE WEBBER INC DATE OF NAME CHANGE: 19840523 SC 13G 1 SCHEDULE 13G 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G UNDER THE SECURITIES AND EXCHANGE ACT OF 1934 (AMENDMENT NO. __) CORNERSTONE REALTY INCOME TRUST INC. (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 21922V102 (CUSIP NUMBER) YEAR END 12/31/98 - 13G (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) (1) Name of Reporting Persons PaineWebber Group Inc. S.S. or I.R.S. Identification 13-2760086 Nos. of Above Persons (2) Check the Appropriate Box if a Member of Group (a) (See Instructions) (b) X (3) SEC Use Only (4) Citizenship of Place of Organization State of Delaware Number of Shares Beneficially Owned by Each Reporting (5) Sole Voting Power 2,117,442 Person With (6) Shared Voting Power 0 (7) Sole Dispositive Power 0 (8) Shared Dispositive Power 2,122,320 (9) Aggregate Amount Beneficially Owned by Each Reporting Person 2,122,320 (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) (11) Percent of Class Represented by Amount in Row 9 5.4% (12) Type of Reporting Person (See Instructions) HC,CO
2 Item 1 (a) Name of Issuer CORNERSTONE REALTY INCOME TRUST INC. Item 1 (b) Address of Issuer's Principal Executive Offices 306 East Main Street Richmond, VA 23219 Item 2 (a) Name of Person Filing PaineWebber Group Inc. Item 2 (b) Address of Principal Business office: 1285 Avenue of the Americas New York, N.Y. 10019-6028 Item 2 (c) Citizenship: State of Delaware Item 2 (d) Title of Class of Securities. Common Stock Item 2 (e) CUSIP Number. 21922V102 Item 3 The person filing this statement pursuant to Rule 13-1 (b) or 13-d-2 is: (g) Parent Holding Company, in accordance with 240.13d-1(b) ii(g) Item 4 Ownership (a) Amount Beneficially Owned 2,122,320 (b) Percent of Class 5.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 2,117,442 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 2,122,320
Item 5 Ownership of Five Percent or Less of a Class. Inapplicable Item 6 Ownership of More than Five Percent on Behalf of Another Person Inapplicable 3 Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company PWI - 2,122,320 Mitchell Hutchins Institutional Investors Inc. ("MHII") and Financial Counselors, Inc. ("FCI") are wholly-owned subsidiaries of Mitchell Hutchins Asset Management Inc. ("MHAM"), which in turn is a wholly-owned subsidiary of PaineWebber Incorporated ("PWI"), which is in turn a wholly-owned subsidiary of PaineWebber Group Inc. ("PWG"). PWG is a parent holding company as that term is defined by Rule 13d-1(b) (1) (ii) (G) of the Securities Exchange Act of 1934 (the "Act"). PWI and MHAM are broker-dealers registered under Section 15 of the Act. PWI, MHAM, and FCI are investment advisers registered under Section 203 of the Investment Advisers Act of 1940. Item 8 Identification and Classification of Members of the Group Inapplicable Item 9 Notice of Dissolution of the Group. Inapplicable Item 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transactions having such purposes or effect. After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 1999 ------------------------------------------ Signature: /s/ Regina Dolan ------------------------------------------ Name and Title: Regina Dolan Vice President and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----