-----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, I1z5Pe0WiwwC1hgtr0i3YbcFiYQKlKou+AW9ilynCqS2rX5HKre9mjtct8YpzLMr WE5l8DRjf89ROfZTtByoqQ== 0000895345-06-000778.txt : 20060825 0000895345-06-000778.hdr.sgml : 20060825 20060825143923 ACCESSION NUMBER: 0000895345-06-000778 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060825 DATE AS OF CHANGE: 20060825 GROUP MEMBERS: PHILIP B. KORSANT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RYLAND GROUP INC CENTRAL INDEX KEY: 0000085974 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 520849948 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-32337 FILM NUMBER: 061055615 BUSINESS ADDRESS: STREET 1: 24025 PARK SORRENTO STREET 2: SUITE 400 CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182237500 FORMER COMPANY: FORMER CONFORMED NAME: RYAN JAMES P CO DATE OF NAME CHANGE: 19720414 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PBK HOLDINGS INC CENTRAL INDEX KEY: 0001059932 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133791747 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 283 GREENWICH AVE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036227112 MAIL ADDRESS: STREET 1: 283 GREENWICH AVE CITY: GREENWICH STATE: CT ZIP: 06830 SC 13G 1 jf13g-ryland.txt ----------------------------- OMB APPROVAL ----------------------------- OMB Number: 3235-0145 Expires: February 28, 2009 Estimated average burden hours per response......10.4 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 THE RYLAND GROUP, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $1.00 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 783764103 ------------------------------------- (CUSIP Number) August 16, 2006 ------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) * 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 in 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. 783764103 13G PAGE 2 OF 8 PAGES - ----------------------------- ------------------------- - --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) PBK Holdings, Inc. - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (A) |_| (B) |_| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ------ ------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 2,241,460 OWNED BY ------ ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER 0 REPORTING ------ ------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 2,241,460 - --------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,241,460 - --------- ---------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - --------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% - --------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - --------- ---------------------------------------------------------------------- - ----------------------------- ------------------------- CUSIP NO. 783764103 13G PAGE 3 OF 8 PAGES - ----------------------------- ------------------------- - --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Philip B. Korsant - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (A) |_| (B) |_| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - --------- ---------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ------ ------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 2,241,460 OWNED BY ------ ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER 0 REPORTING ------ ------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 2,241,460 - --------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,241,460 - --------- ---------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - --------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% - --------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - --------- ---------------------------------------------------------------------- ITEM 1. (A) NAME OF ISSUER The Ryland Group, Inc. ITEM 1. (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 24025 Park Sorrento, Suite 400 Calabasas, California 91302 ITEM 2. (A) NAME OF PERSON FILING This Schedule 13G is being filed on behalf of the following persons (the "Reporting Persons")*: (i) PBK Holdings, Inc. ("PBK"); and (ii) Philip B. Korsant * Attached as Exhibit A is a copy of an agreement among the Reporting Persons that this Schedule 13G is being filed on behalf of each of them. ITEM 2. (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE PBK Holdings, Inc. 283 Greenwich Avenue Greenwich, CT 06830 Philip B. Korsant 283 Greenwich Avenue Greenwich, CT 06830 ITEM 2. (C) CITIZENSHIP See Item 4 of the attached cover pages. ITEM 2. (D) TITLE OF CLASS OF SECURITIES Common stock, par value $1.00 per share (the "Common Shares") ITEM 2. (E) CUSIP NUMBER 783764103 ITEM 3. Not applicable as this Schedule 13G is filed pursuant to Rule 13d-1(c). ITEM 4. OWNERSHIP (a) Amount beneficially owned: See Item 9 of the attached cover pages. (b) Percent of class: See Item 11 of the attached cover pages. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Item 5 of the attached cover pages. (ii) Shared power to vote or to direct the vote: See Item 6 of the attached cover pages. (iii) Sole power to dispose or to direct the disposition: See Item 7 of the attached cover pages. (iv) Shared power to dispose or to direct the disposition: See Item 8 of the attached cover pages. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not Applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Partnerships of which PBK is the general partner are the owners of record of the Common Shares reported herein. Each such partnership's ownership interest is less than 5% of the outstanding Common Shares. Each of PBK and Philip B. Korsant may be deemed to beneficially own the Common Shares reported herein as a result of the direct or indirect power to vote or dispose of such stock. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not Applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not Applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not Applicable. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. Dated: August 25, 2006 PBK HOLDINGS, INC. By: /s/ DAVID GRAY ------------------------------------ Name: David Gray Title: Vice President /s/ PHILIP B. KORSANT ------------------------------------ Philip B. Korsant EXHIBIT A The undersigned, PBK Holdings, Inc., a Delaware corporation, and Philip B. Korsant, hereby agree and acknowledge that the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of each of them. The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them. Dated: August 25, 2006 PBK HOLDINGS, INC. By: /s/ DAVID GRAY ------------------------------------ Name: David Gray Title: Vice President /s/ PHILIP B. KORSANT ------------------------------------ Philip B. 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