X0202 4 2005-08-31 0 0001038222 WELLSFORD REAL PROPERTIES INC WRP 0001247123 DAVIDSON SCOTT E C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK NY 10022 0 0 1 0 0001247120 LEVART TIMOTHY I C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK NY 10022 0 0 1 0 0001247124 BRIVIO ROBERT J JR C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK NY 10022 0 0 1 0 0001308271 Epstein Eric Philip C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVENUE, SUITE 3300 NEW YORK NY 10022 0 0 1 0 0001308274 Yoseloff Anthony Alexander DAVIDSON KEMPNER PARTNERS 885 THIRD AVENUE, SUITE 3300 NEW YORK NY 10022 0 0 1 0 0001247122 LEFFELL MICHAEL J C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK NY 10022 0 0 1 0 Common Stock, $0.02 par value per share ("Common Stock") 2005-08-31 4 P 0 50700 18.4292 A 841570 I See Notes Common Stock 2005-09-01 4 P 0 6300 18.9684 A 847870 I See Notes As of the end of the day on August 31, 2005, the shares of Common Stock to which this note relates were held directly by Davidson Kempner Partners, a New York limited partnership ("DKP"), as to 158,215 shares of Common Stock; Davidson Kempner Institutional Partners, L.P., a Delaware limited partnership ("DKIP"), as to 261,728 shares of Common Stock; M.H. Davidson & Co., a New York limited partnership ("CO" ), as to 21,881 shares of Common Stock; and Davidson Kempner International, Ltd., a British Virgin Islands corporation ("DKIL"), as to 387,965 shares of Common Stock. MHD Management Co., a New York limited partnership ("MHD") is the general partner of DKP. Davidson Kempner Advisers, Inc., a New York corporation ("DKAI"), is the general partner of DKIP and is registered as an investment adviser with the U.S. Securities Exchange Commission. Davidson Kempner International Advisors, L.L.C., a Delaware limited liability company ("DKIA"), is the investment manager of DKIL and a certain managed account. Thomas L. Kempner, Jr., Marvin H. Davidson, Stephen M. Dowicz, Scott E. Davidson, Michael J. Leffell, Timothy I. Levart, Robert J. Brivio, Jr., Eric P. Epstein and Anthony A. Yoseloff (collectively, the "Principals") are the general partners of CO and MHD, the sole managing members of DKIA and the sole stockholders of DKAI. Each of the Reporting Persons disclaims beneficial ownership of the securities to which this Form 4 relates except to the extent each may be deemed to have a pecuniary interest in such securities pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. The shares of Common Stock to which this note relates are held directly by Davidson Kempner Partners, a New York limited partnership ("DKP"), as to 159,400 shares of Common Stock; Davidson Kempner Institutional Partners, L.P., a Delaware limited partnership ("DKIP"), as to 261,994 shares of Common Stock; M.H. Davidson & Co., a New York limited partnership ("CO"), as to 22,045 shares of Common Stock; and Davidson Kempner International, Ltd., a British Virgin Islands corporation ("DKIL"), as to 392,561 shares of Common Stock. This is Part Two of a two-part Form 4 filing. This Part Two is a continuation of Part One to indicate all Reporting Persons. It is not a separate Form 4 filing. /s/ Thomas L. Kempner, Jr. 2005-09-02