-----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, PXNptbNcTgzqGHI97CzICZyNxfuuYCl6VrFI53e1owCFdjEPNHxCjen4VWLdVntY 5gvhEgcOEJzJ0OTEBSti6g== 0000950134-96-001251.txt : 19960408 0000950134-96-001251.hdr.sgml : 19960408 ACCESSION NUMBER: 0000950134-96-001251 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960405 SROS: NASD GROUP MEMBERS: AMERICAN REALTY TRUST INC ET AL GROUP MEMBERS: BASIC CAPITAL MANAGEMENT, INC. GROUP MEMBERS: THE GENE E. PHILLIPS CHILDREN'S TRUST GROUP MEMBERS: TRANSCONTINENTAL REALTY INVESTORS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ CENTRAL INDEX KEY: 0000949961 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 752615944 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45693 FILM NUMBER: 96544823 BUSINESS ADDRESS: STREET 1: 10670 N CENTRAL EXPRSWY STE 300 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 2146924700 MAIL ADDRESS: STREET 1: 10670 NORTH CENTRAL EXPRESSWAY STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75231 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN REALTY TRUST INC ET AL CENTRAL INDEX KEY: 0000827165 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 540697989 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 10670 N CENTRAL EXPRESSWAY STREET 2: STE 300 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 214-692-47 MAIL ADDRESS: STREET 1: 10670 N CENTRAL EXPRESSWAY STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75231 SC 13D/A 1 AMENDMENT NO. 13 TO SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 13)* INCOME OPPORTUNITY REALTY INVESTORS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 452-926-108 ----------------------------------- (CUSIP Number) Robert A. Waldman 10670 North Central Expressway, Suite 600 Dallas, Texas 75231 (214) 692-4758 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 1, 1996 ----------------------------------- (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(b)(3) or (4), check the following box / /. Check the following box if a fee is being paid with the statement / /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). 2 SCHEDULE 13D CUSIP NO. 453-337-206 PAGE 2 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON American Realty Trust, Inc. 54-0697989 - -------------------------------------------------------------------------------- 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 ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Georgia - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 205,151 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 205,151 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 205,151 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.0 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 3 SCHEDULE 13D CUSIP NO. 453-337-206 PAGE 3 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Basic Capital Management, Inc. 75-2261065 - -------------------------------------------------------------------------------- 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 ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Nevada - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 7,325 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 7,325 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,325 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 4 SCHEDULE 13D CUSIP NO. 453-337-206 PAGE 4 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Transcontinental Realty Investors, Inc. 94-6565852 - -------------------------------------------------------------------------------- 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 ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Nevada - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 170,750 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 170,750 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 170,750 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.0 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 5 SCHEDULE 13D CUSIP NO. 453-337-206 PAGE 5 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Gene E. Phillips Children's Trust 13-6599769 - -------------------------------------------------------------------------------- 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 ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 3,300 SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 3,300 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,300 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. 6 INCOME OPPORTUNITY REALTY INVESTORS, INC. CUSIP NO. 452-926-108 Item 1. Security and Issuer Item 1 is hereby amended to read as follows: This amendment relates to the Shares of Common Stock, .$.01 par value (the "Shares"), of Income Opportunity Realty Investors, Inc. (the "Company"), and amends the statement on Schedule 13D filed on June 2, 1995. The principal executive offices of the Company are located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Item 2. Identity and Background Item 2 is hereby amended to read as follows: This statement is being filed on behalf of American Realty Trust, Inc. ("ART"), Basic Capital Management, Inc. ("BCM") Transcontinental Realty Investors, Inc. ("TCI") and the Gene E. Phillips Children Trust (the "GEP Trust") (collectively, the "Reporting Persons"). The Reporting Persons may be deemed to constitute a "person" within the meaning of Section 13 (d) of the Securities Exchange Act of 1934, as amended. This is because BCM owns approximately 42.7% of the outstanding securities of ART and BCM serves as the advisor to ART and TCI. BCM is beneficially owned by a trust established for the benefit of Mr. Phillips' Children. (I) ART is a real estate investment company organized and existing as a Georgia corporation engaged in the business of investing in and originating mortgage loans and, investing in real estate. ART's principal business activities include investment in real estate and in other business ventures. The principal place of business and principal office of ART is located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. The following is a list of each executive officer and director of ART:
Name Position(s) - ---- ----------- Oscar W. Cashwell Director Al Gonzalez Director Ryan T. Phillips Director Dale A. Crenwelge Director
6 7
Name Position(s) - ---- ----------- Karl L. Blaha President Thomas P. Holland Executive Vice President and Chief Financial officer Randall M. Paulson Executive Vice President Bruce A. Endendyk Executive Vice President Robert A. Waldman Senior Vice President, Secretary and General Counsel Drew D. Potera Treasurer
Oscar W. Cashwell's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Cashwell's present principal occupation is the Executive Vice President of Basic Capital Management, Inc. Mr. Cashwell is a citizen of the United States of America. Mr. Gonzalez' business address is 4455 Alpha Road, Building 2, Dallas, Texas 75244. Mr. Gonzalez' present principal occupation is President of Age Refining, Inc. Mr. Gonzalez is a citizen of the United States of America. Mr. Ryan Phillips' business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Phillips currently is an independent real estate investor. Mr. Phillips is a citizen of the United States of America. Mr. Crenwelge's business address is 10208 Echo Ridge Drive, Austin, Texas 78750. Mr. Crenwelge's present principal occupation is President of Longhorn Consultants Commercial Real Estate Group, Inc. and Crenwelge Commercial Consultants, Inc. Mr. Crenwelge is a citizen of the United States of America. Mr. Blaha's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Blaha's present principal occupation is President of ART. Mr. Blaha is a citizen of the United States of America. Mr. Holland's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Holland's present principal occupation is Executive Vice President and Chief Financial Officer of BCM. Mr. Holland is a citizen of the United States of America. Mr. Paulson's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Paulson's present principal occupation is President of BCM. Mr. Paulson is a citizen 7 8 of the United States of America. Mr. Endendyk's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Endendyk's present principal occupation is Executive Vice President of BCM. Mr. Endendyk is a citizen of the United States of America. Mr. Waldman's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Waldman's present principal occupation is Senior Vice President, Secretary and General Counsel of BCM. Mr. Waldman is a citizen of the United States of America. Mr. Potera's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Potera's present principal occupation is Vice President, Treasurer and Securities Manager of BCM. Mr. Potera is a citizen of the United States of America. (II) BCM is a corporation organized and existing under the laws of the State of Nevada. BCM's principal business activity is the provision of advisory services for real estate investment trusts. Its principal place of business and principal office is located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. BCM is owned by Realty Advisors, Inc., a Nevada corporation. Realty Advisors, Inc. is owned by a trust established for the benefit of the children of Gene E. Phillips. The directors and executive officers of BCM are as follows:
Name Position(s) - ---- ----------- Ryan T. Phillips Director Mickey Ned Phillips Director Randall M. Paulson President Thomas P. Holland Executive Vice President and Chief Financial Officer Clifford C. Towns, Jr. Executive Vice President, Finance Oscar W. Cashwell Executive Vice President Bruce A. Endendyk Executive Vice President Mark W. Branigan Executive Vice President Cooper B. Stuart Executive Vice President
8 9 Robert A. Waldman Senior Vice President, General Counsel and Secretary Drew D. Potera Vice President, Treasurer and Securities Manager
Information with respect to Messrs. R. Phillips, Paulson, Endendyk, Holland, Cashwell, Waldman and Potera and is disclosed in (I) above. Mr. M. Phillips business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Phillip's present principal occupation is owner of Phillips Remodeling Co. Mr. Phillips is a citizen of the United States of America. Mr. Towns' business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Towns' present principal occupation is Executive Vice President of BCM. Mr. Towns is a citizen of the United States of America. Mr. Branigan's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Branigan's present principal occupation is Executive Vice President of BCM. Mr. Branigan is a citizen of the United States of America. Mr. Stuart's business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Stuart's present principal occupation is Executive Vice President of BCM. Mr. Stuart is a citizen of the United States of America. (III) TCI is a real estate investment company organized and existing under the law of the State of Nevada. TCI's principal business activity is investments in real estate. The principal place of business and principal office of TCI is located at 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. The following is a list of each executive officer and director of TCI:
Name Position(s) with TCI - ---- -------------------- John P. Parsons Director Bennett B. Sims Director Ted P. Stokely Director Martin L. White Director Edward G. Zampa Director Randall M. Paulson President
9 10 Bruce A. Endendyk Executive Vice President Thomas P. Holland Executive Vice President and Chief Financial Officer Robert A. Waldman Senior Vice President, Secretary and General Counsel Drew D. Potera Treasurer
Information with respect to Messrs. Paulson, Endendyk, Holland, Waldman and Potera is disclosed in (I) and (II) above. Mr. Parsons' business address is 73155 Deer Grass Drive, Palm Desert, California 92262. Mr. Parsons' present principal occupation is Chairman and Chief Executive Officer of Pierpont Corporation. Mr. Parsons is a citizen of the United States of America. Mr. Sims' business address is 62 W. 91st Street, Apt. 3, New York, New York 10024. Mr. Sims' present principal occupation is Professor at New York University. Mr. Sims is a citizen of the United States of America. Mr. Stokely's business address is 10670 North Central Expressway, Suite 410, Dallas, Texas 75231. Mr. Stokely's present principal occupation is Real Estate Consultant for Eldercare Housing Foundation. Mr. Stokely is a citizen of the United States of America. Mr. White's business address is 8051 Coach Drive, Oakland, California 94605. Mr. White's present principal occupation is Chairman and Chief Executive Officer of Community Based Developers, Inc. Mr. White is a citizen of the United States of America. Mr. Zampa's business address is Number Fifty Osgood Place, Suite 110, San Francisco, California 94133. Mr. Zampa's present principal occupation is General Partner of Edward G. Zampa and Company. Mr. Zampa is a citizen of the United States of America. (IV) The GEP Trust is a trust formed under the laws of Texas for the benefit of the children of Gene E. Phillips. The trustee of the GEP Trust is Gene E. Phillips' brother, Donald W. Phillips. Gene E. Phillips' business address is 10670 North Central Expressway, Suite 600, Dallas, Texas 75231. Mr. Phillips' present principal occupation is Chief Executive Officer of Syntek West, Inc. Mr. Phillips is a citizen of the United States of America. 10 11 Donald W. Phillips' business address is 10670 North Central Expressway, Suite 410, Dallas, Texas 7523 1. Mr. Phillips' present principal occupation is President and owner of Big D OH Field Equipment Sales. Donald W. Phillips is a citizen of the United States of America. During the last five (5) years none of the persons enumerated in (I) through (IV) above has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) and (ii) none of such persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 5. Interest in Securities of the Issuer Item 5 is hereby amended to read as follows: (a) Share Ownership The following tables show the Shares owned directly and beneficially by the Reporting Persons on the date of this statement:
Shares owned Directly --------------------- Number of Percent of Name Shares Class(1) - ---- --------- ---------- ART 205,151 26.7% BCM 7,325 0.9% TCI 170,750 22.3% GEP Trust 3,300 0.4% TOTAL 386,526 50.3%
Shares owned Beneficially ------------------------- Number of Percent of Name Shares Class(1) - ---- --------- ---------- ART 205,151 26.7% BCM 7,325 0.9% TCI 170,750 22.3% GEP Trust 3,300 0.4% Al Gonzalez (2) 205,151 26.7% Ryan T. Phillips (2)(3)(5) 215,776 28.0% Dale A. Crenwelge (2) 205,151 26.7% Oscar W. Cashwell (2)(3) 212,476 27.7% John P. Parsons (4) 170,750 22.3%
11 12 Martin L. White (4) 170,750 22.3% Ted P. Stokely (4) 170,750 22.3% Edward G. Zampa (4) 170,750 22.3% Bennett B. Sims (4) 170,750 22.3% Total Shares beneficially owned by Reporting Persons 386,526 50.3%
- -------------------------- (1) Percentage calculations are based upon 767,044 Shares outstanding at March 1, 1996. Total and addends may not match due to rounding. (2) May be deemed to be a beneficial owner of the Shares held directly by ART by virtue of the relationship to ART described in Item 2. (3) May be deemed to be a beneficial owner of the Shares held directly by BCM by virtue of the relationship to BCM described in Item 2. (4) May be deemed to be a beneficial owner of the Shares held directly by TCI by virtue of the relationship to TCI described in Item 2. (5) May be deemed to be a beneficial owner of the Shares held directly by the GEP Trust by virtue of the relationship to the GEP Trust described in Item 2. (b) Voting and Dispositive Power Each of the directors of ART share voting and dispositive power over the 205,151 Shares held by ART. Each director of BCM has voting and dispositive power over the 7,325 Shares held by BCM. Each of the directors of TCI share voting and disposition power over the 170,750 Shares held by TCI. The trustee of GEP Trust has voting and disposition power over the 3,300 Shares held by the GEP Trust. (c) Transactions in securities The following table lists the purchase transactions in the Shares that were effected by the Reporting Persons since the date of the last report on Scheduled 13D.
Reporting Number Price Type of Person Date of Shares Per Share Transaction - ------ ---- --------- --------- ----------- ART 06/06/95 100 $19.625 Open Market ART 06/06/95 100 $19.625 Open Market ART 06/09/95 100 $19.625 Open Market ART 06/15/95 600 $19.625 Open Market ART 06/20/95 100 $19.625 Open Market ART 06/21/95 700 $19.625 Open Market ART 06/22/95 100 $19.625 Open Market
12 13 ART 06/23/95 200 $19.625 Open Market ART 06/28/95 100 $19.625 Open Market ART 06/30/95 300 $19.625 Open Market ART 07/10/95 500 $19.625 Open Market ART 07/19/95 500 $19.625 Open Market ART 07/20/95 600 $19.625 Open Market ART 07/31/95 400 $19.625 Open Market ART 07/31/95 300 $19.500 Open Market ART 07/31/95 200 $19.625 Open Market ART 08/01/95 500 $19.625 Open Market
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 is hereby amended to read as follows: ART has pledged 4,625 shares to Advest, Inc., pledged 3,000 shares to Alex Brown, pledged 2,000 shares to Allied Research, pledged 4,000 shares to Arnold Sec., pledged 200 shares to Baker & Co., pledged 12,700 shares to Bear Stearns, pledged 4,000 shares to Bidwell and Company, pledged 5,000 shares to CJ Lawrence, Inc., pledged 1,000 shares to Cowen & Co., pledged 6,500 shares to Dain Bosworth, pledged 9,144 shares to Dean Witter, pledged 10,000 shares to Dillon Read and Company, Inc., pledged 2,000 shares to Equitable, pledged 11,975 shares to Everen Security (CA), pledged 2,200 shares to Everen Security (TX), pledged, pledged 2,100 shares to First Southwest, pledged 8,640 shares to Goldman Sachs, pledged 10,900 shares to Hambrecht & Quist, pledged 2,500 shares to JB Oxford, pledged 1,500 shares to Josephtal, Lyon, pledged 4,967 shares to Kirkpatrick Pettis, pledged 5,000 shares to Legg Mason (NY), pledged 3,000 shares to Legg Mason (TX), pledged 2,000 shares to May Financial, pledged 16,100 shares to McDonald & Company, pledged 1,700 shares to Montgomery, pledged 4,100 shares to Mutual Sec., pledged 13,000 shares to NationsBank Cap., pledged 5,500 shares to Olde, pledged 5,000 shares to Oppenheimer (TX), pledged 1,000 shares to Pacific Brokerage, pledged 1,000 shares to The Principal, pledged 1,000 shares to Quick & Reilly, pledged 15,400 shares to Rauscher Pierce Refsnes, Inc., pledged 1,000 shares to Region Investment, pledged 9,300 shares to Roney & Co., pledged 2,000 shares to Southwest Sec., pledged 1000 shares to Tucker Anthony, pledged 1,500 shares to T.F. White, and pledged 7,600 shares to Wedbush Morgan in stock margin accounts maintained by it with such brokers. BCM has pledged 1,000 shares to The Advisors Group, pledged 1,000 shares to Brown & Co., pledged 3,000 shares to Hambrecht & Quist, pledged 500 shares to Lombard, pledged 250 shares to NationsBanc Cap., pledged 575 shares to Olde, and pledged 1,000 shares to Worthen Bank in stock margin accounts maintained by it with such brokers. GEP Trust has pledged 3,300 shares to Dean Witter Reynolds in a stock margin account maintained by it with such broker. TCI has pledged 110,750 shares to Dean Witter, and pledged 60,000 shares to Prudential (TX) in stock margin accounts maintained by it with such brokers. 13 14 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: April 4, 1996. AMERICAN REALTY TRUST, INC. By: /s/ KARL L. BLAHA ----------------------------------- Karl L. Blaha, President BASIC CAPITAL MANAGEMENT, INC. By: /s/ RANDALL M. PAULSON ----------------------------------- Randall M. Paulson, President GENE E. PHILLIPS CHILDREN'S TRUST By: /s/ DON W. PHILLIPS ----------------------------------- Don W. Phillips, Trustee TRANSCONTINENTAL REALTY INVESTORS, INC. By: /s/ RANDALL M. PAULSON ----------------------------------- Randall M. Paulson, President 14 -----END PRIVACY-ENHANCED MESSAGE-----