0000904853-01-500023.txt : 20011009
0000904853-01-500023.hdr.sgml : 20011009
ACCESSION NUMBER: 0000904853-01-500023
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010924
GROUP MEMBERS: AMSTER TRADING COMPANY
GROUP MEMBERS: AMSTER TRADING COMPANY CRUT.
GROUP MEMBERS: GOULD TRADING COMPANY
GROUP MEMBERS: H. AMSTER & T. GOULD TIC
GROUP MEMBERS: HOWARD AMSTER / T. GOULD CRUT
GROUP MEMBERS: HOWARD M. AMSTER CRUT
GROUP MEMBERS: PLEASANT LAKE APARTMENTS CORP.
GROUP MEMBERS: PLEASANT LAKE APARTMENTS LTD. PARTNERSHIP
GROUP MEMBERS: RAMAT SECURITIES LTD.
GROUP MEMBERS: TAMRA F. GOULD
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: AMSTER HOWARD
CENTRAL INDEX KEY: 0000904853
STANDARD INDUSTRIAL CLASSIFICATION: []
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 25812 FAIRMONT BLVD
CITY: BEACHWOOD
STATE: OH
ZIP: 44122
BUSINESS PHONE: 2165951047
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ADVANTA CORP
CENTRAL INDEX KEY: 0000096638
STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141]
IRS NUMBER: 231462070
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-38014
FILM NUMBER: 1743451
BUSINESS ADDRESS:
STREET 1: P.O. BOX 844
STREET 2: WELSH & MCKEAN ROADS
CITY: SPRING HOUSE
STATE: PA
ZIP: 19477
BUSINESS PHONE: 2154445051
MAIL ADDRESS:
STREET 1: C/O WELSH & MCKEAN ROADS
STREET 2: P.O. BOX 844
CITY: SPRING HOUSE
STATE: PA
ZIP: 19477-0844
FORMER COMPANY:
FORMER CONFORMED NAME: TEACHERS SERVICE ORGANIZATION INC
DATE OF NAME CHANGE: 19850812
FORMER COMPANY:
FORMER CONFORMED NAME: TSO FINANCIAL CORP
DATE OF NAME CHANGE: 19880306
SC 13D/A
1
advanta.txt
United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D
Under the Securities and Exchange Act of 1934
(Amendment No._1_)*
Advanta Corp
(Name of Issuer)
Class B, Common Stock, $ .01 par value
(Title of Class of Securities)
007942204
(CUSIP Number)
Howard Amster, 23811 Chagrin Blvd, Suite 200
Beachwood, OH 44122-5525 (216) 595-1047
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
9/20/01
(Date of Event which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report this 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 / /.
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 to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided
in a prior cover page.
This 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).
1 Name of Reporting Person Howard Amster
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting 368,444
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 441,102
9 Sole Dispositive 368,444
10 Shared Dispositive 441,1022
11 Aggregate Amount Beneficially owned 671,866
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 3.87 %
14 Type of Reporting Person IN
1 Name of Reporting Person Amster Trading Company
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure of Legal Proceedings is Required
6 Citizen or Place of Organization USA
Number of Shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 334,249
9 Sole Dispositive
10 Shared Dispositive 334,249
11 Aggregate Amount Beneficially owned 216,777
12 Check if Aggregate Amount (11) Excludes Certain shares
13 Percent of Class Represented by amount in row (11) 1.25 %
14 Type of Reporting Person CO
1 Name of Reporting Person Amster Trading Company
Charitable Remainder Unitrusts
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 117,472
9 Sole Dispositive
10 Shared Dispositve 117,472
11 Aggregate Amount Beneficially owned 117,472
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class represented by amount in row (11) .68 %
14 Type of Reporting Person OO
1 Name of Reporting Person Howard Amster & Tamra F. Gould
Charitable Remainder Unitrust
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 31,653
9 Sole Dispositive
10 Shared Dispositive 31,653
11 Aggregate Amount Beneficially owned 31,653
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .18 %
14 Type of Reporting Person OO
1 Name of Reporting Person Howard M Amster Charitable
Remainder Unitrust
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 18,300
9 Sole Dispositive
10 Shared Dispositive 18,300
11 Aggregate Amount Beneficially owned 18,300
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .1 %
14 Type of Reporting Person OO
1 Name of Reporting Person Howard Amster & Tamra F. Gould
as Tenants in Common
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting
Beneficially Owned
By Each Reporting 8 Shared Voting 30,800
Person With
9 Sole Dispositive
10 Shared Dispositive 30,800
11 Aggregate Amount Beneficially owned 30,800
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .18 %
14 Type of Reporting Person IN
1 Name of Reporting Person Tamra F. Gould
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting 41,689
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 93,042
9 Sole Dispositive 41,689
10 Shared Dispositive 93,042
11 Aggregate Amount Beneficially owned 57,089
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .33%
14 Type of Reporting Person IN
1 Name of Reporting Person Gould Trading Company
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 30,589
9 Sole Dispositive
10 Shared Dispositive 30,589
11 Aggregate Amount Beneficially owned 30,589
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .18 %
14 Type of Reporting Person CO
1 Name of Reporting Person Pleasant Lake Apts Corp
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WO
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 26,100
9 Sole Dispositive
10 Shared Dispositive 26,100
11 Aggregate Amount Beneficially owned 26,100
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .15 %
14 Type of Reporting Person CO
1 Name of Reporting Person Pleasant Lake Apts
Limited Partnership
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds OO
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 26,100
9 Sole Dispositive
10 Shared Dispositive 26,100
11 Aggregate Amount Beneficially owned 26,100
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .15 %
14 Type of Reporting Person PN
1 Name of Reporting Person Ramat Securities Ltd
2 If a member of a group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure of Legal Proceedings is Required
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting
Beneficially Owned
By Each Reporting
Person With 8 Shared Voting 45,145
9 Sole Dispositive
10 Shared Dispositive 45,145
11 Aggregate Amount Beneficially owned 45,145
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .26 %
14 Type of Reporting Person BD
There are no changes to the Schedule 13D, except as set forth
in this first amendment.
Item 2 Identity and Background
Howard Amster has been appointed sole successor trustee to the:
Amster Trading Company Charitable Remainder Unitrusts
Howard Amster and Tamra F. Gould Charirable Remainder Unitrust
Howard M. Amster Charitable Remainder Unitrust
on April 30, 2001. Mr. Amster has voting and dispositive power
over these trusts.
Howard Amster as sole successor trustee for these trusts,
d) has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors if any)
within the last five years.
e) has not been a party to any civil proceedings
of a judicial or administrative body of competent jurisdiction
of the type described in Item 2 of Schedule 13D within
the last five years.
Item 3. Source and Amount of Funds or Other Consideration
Howard Amster, in his personal and retirement accounts purchased
all Advanta Corp Class B shares with personal funds without
borrowing. The total consideration for the purchases on this
amendment is $141,650.89 bringing Howard Amster's total
investment to $3,426,676.34.
Amster Trading Company purchased all Advanta Corp Class B shares
with working capital without borrowing. The total consideration
for the purchases on this amendment is $280,037.34 bringing
Amster Trading Company's total investment to $2,291,192.19.
Amster Trading Company Charitable Remainder Unitrusts purchased
all Advanta Corp Class B shares with trust assets without borrowing.
The total consideration for the purchases on this amendment is
$33949.10 bringing Amster Trading Company Charitable Remainder
Unitrusts's total investment to $2,005,208.26.
Tamra F. Gould, in her personal and retirement accounts purchased
all Advanta Corp Class B shares with personal funds without borrowing.
The total consideration for the purchases on this amendment is
$76,326.88 bringing Tamra F. Gould's total investment to $362,436.05.
Gould Trading Company purchased all Advanta Corp Class B shares
with working capital without borrowing. The total consideration
for the purchases on this amendment is $145,699.50 bringing
Gould Trading Company's total investment to $381,643.05.
Pleasant Lakes Apts Limited Partnership purchased all Advanta Corp
class B shares with partnership funds without borrowing. The
total consideration for purchases on this amendment is $ 50,827.32
bringing Pleasant Lakes Apts. Limited Partnership's total
investment to $ 285,204.57.
Ramat Securities Ltd purchased all Advanta Corp Class B shares with
working capital without borrowing. The total consideration for
purchases on this amendment is $132,159 bringing Ramat Securities
Ltd.'s total investment to $286,168.37.
Item 4 Purpose of Transaction
Howard Amster, Amster Trading Company, Amster Trading Company
Charitable Remainder Unitrusts, Howard Amster & Tamra F. Gould
Charitable Remainder Unitrust, Howard M Amster Charitable
Remainder Unitrust, Howard Amster and Tamra F. Gould as tenants
in common, Tamra F. Gould, Gould Trading Company
Pleasant Lake Apts Limited Partnership and Ramat Securities Ltd.,
acquired their shares for purposes of investment.
On 7/27/01 the member group went under 5% and this amendment
reflects that the group is back above 5%.
There are no present plans or proposals by any of the purchasers of
record or the beneficial owners as reported in this amended Schedule 13D
which relate to or would result in the acquisition by any person of
additional securities of the issuer, or the disposition of securities
of the issuer provided, however, the reporting person might acquire
additional shares or other securities of the issuer or dispose of some
or all of their shares depending upon market conditions and their
personal circumstances.
Item 5. Interest in Securities of the Issuer
(a)(b) The aggregate amount owned by the Reporting Persons is
926,969 shares or 5.3 % of the outstanding shares.
Howard Amster in his own name and individual retirement accounts
owns 368,444 shares or 2.12 % of the outstanding shares.
Amster Trading Company owns 216,777 shares or 1.25 %
of the outstanding shares.
Amster Trading Company Charitable Remainder Unitrusts owns
117,472 shares or 0.68 % of the outstanding shares.
Howard Amster & Tamra F. Gould Charitable Remainder Unitrust
owns 31,653 or 0.18 % of the outstanding shares.
Howard M. Charitable Remainder Unitrust owns 18,300 or
0.1 % of the outstanding shares.
Howard Amster and Tamra F. Gould as tenant in common own
30,800 shares or .18 % of the outstanding shares.
Howard Amster disclaims ownership of 1/2 of these shares.
Tamra F. Gould disclaims ownership of 1/2 of these shares.
Tamra F. Gould in her own name and individual retirement accounts
owns 41,689 shares or 0.2 % outstanding shares.
Gould Trading Company owns 30,589 or 0.18 % of the
outstanding shares.
Pleasant Lake Apts Limited Partnership 26,100 shares
or 0.15 % of the outstanding shares.
Ramat Securities Ltd owns 45,145 shares or
.26 % of the outstanding shares.
c) Description of Transactions
All shares were purchased in the over the counter market
as an open market transaction. ** Except where noted as a
payment in kind income distribution from a remainder unitrust.
Executing
Identity Date Shares Price Broker
Howard Amster/& his 07/20/01 Sold 10,000 16.25 Friedman Billings
individual retirement 07/20/01 Sold 2,000 16.25 Bear Stearns
accounts 09/20/01 Buy 15,100 8.5839 Bear Stearns
09/21/01 Buy 1,400 8.35 Bear Stearns
Amster Trading 11/22/00 Buy 32,300 4.8978 Bear Stearns
Company 12/13/00 Buy 1,671 6.375** payment-in-kind
09/21/01 Buy 13,100 8.4167 Friedman Billings
Amster Trading 12/13/00 Sold 1,671 6.375** payment-in-kind
Company Charitable 09/21/01 Buy 4,000 8.4649 Bear Stearns
Remainder Unitrusts
Tamra F. Gould/ & her 08/14/01 Buy 6,600 11.5418 Bear Stearns
individual retirement
accounts
Gould Trading Company 07/27/01 Sold (12,645) 13.10 Friedman Billings
07/27/01 Sold (10,355) 13.2015 Friedman Billings
09/20/01 Buy 17,000 8.55 Friedman Billings
Pleasant Lake Apts 09/21/01 Buy 4,100 8.4649 Bear Stearns
Limited Partnership 09/21/01 Buy 1,900 8.4167 Friedman Billings
Ramat Securities Ltd 07/27/01 Sold (42,355) 13.10 Friedman Billings
09/17/01 Buy 4,000 10.5175 Bear Stearns
09/20/01 Buy 10,000 8.5839 Bear Stearns
09/21/01 Buy 500 8.50 Bear Stearns
Signature After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
Date: 09/21/01
/s/
Howard Amster
/s/
Amster Trading Company
By: Howard Amster
Title: President
/s/
Amster Trading Company
Charitable Remainder Unitrusts
By: Howard Amster
Title: Trustee
/s/
Howard Amster & Tamra F. Gould
Charitable Remainder Unitrust
By: Howard Amster
Title: Trustee
/s/
Howard M Amster Charitable
Remainder Unitrust
By: Howard Amster
Title: Trustee
/s/ /s/
Howard Amster & Tamra F. Gould
As Tenants In Common
/s/
Tamra F. Gould
/s/
Gould Trading Company
By: Tamra F. Gould
Title: President
/s/
Pleasant Lake Apts. Corp.
By: Howard Amster
Title: President
/s/
Pleasant Lake Apts.
Limited Partnership
By: Howard Amster
Title: President
/s/
Ramat Securities Ltd
By: David Zlatin
Title: Securities Principal