-----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, GrhOzku2XBLVyIPcPAowzJsD/e/L8CAGRbqrEZrnFH0kz51i00QBwLHGXO0rigz5 T2NN9B4QpRdmzm8HUTGQSg== 0000919574-97-001136.txt : 19971127 0000919574-97-001136.hdr.sgml : 19971127 ACCESSION NUMBER: 0000919574-97-001136 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971126 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALPINE GROUP INC /DE/ CENTRAL INDEX KEY: 0000004164 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 221620387 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-31325 FILM NUMBER: 97729092 BUSINESS ADDRESS: STREET 1: 1790 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127573333 MAIL ADDRESS: STREET 1: 1790 BROADWAY STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: ALPINE GEOPHYSICAL CORP DATE OF NAME CHANGE: 19841202 FORMER COMPANY: FORMER CONFORMED NAME: ALPINE GEOPHYSICAL ASSOCIATES INC DATE OF NAME CHANGE: 19810120 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DRILL CRAIG A CENTRAL INDEX KEY: 0001035896 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 MAIL ADDRESS: STREET 1: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Name of Issuer: The Alpine Group, Inc. Title of Class of Securities: Common Stock, $.01 par value. CUSIP Number: 020825105 (Name, Address and Telephone Number of Person Authorized To Receive Notices and Communications) Craig A. Drill c/o Craig Drill Capital L.P. 767 Fifth Avenue New York, New York 10153 (Date of Event which Requires Filing of this Statement) 11/18/97 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 [ ]. *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 the 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. 020825105 1. Name of Reporting Person I.R.S. Identification No. of Above Person Craig A. Drill 2. Check the appropriate box if a member of a group a. b. 3. SEC Use Only 4. SOURCE OF FUNDS AF 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) of 2(e) 6. Citizenship or Place of Organization U.S. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. Sole Voting Power 8. Shared Voting Power 1,116,300 2 9. Sole Dispositive Power 10. Shared Dispositive Power 1,116,300 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,116,300 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* 13. Percent of Class Represented by Amount in Row (11) 6.20% 14. Type of Reporting Person* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 CUSIP No. 020825105 1. Name of Reporting Person I.R.S. Identification No. of Above Person Craig Drill Capital, L.L.C. 2. Check the appropriate box if a member of a group a. b. 3. SEC Use Only 4. SOURCE OF FUNDS AF 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) of 2(e) 6. Citizenship or Place of Organization U.S. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. Sole Voting Power 8. Shared Voting Power 1,116,300 4 9. Sole Dispositive Power 10. Shared Dispositive Power 1,116,300 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,116,300 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* 13. Percent of Class Represented by Amount in Row (11) 6.55% 14. Type of Reporting Person* CO *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 CUSIP No. 020825105 1. Name of Reporting Person I.R.S. Identification No. of Above Person Craig Drill Capital L.P. 2. Check the appropriate box if a member of a group a. b. 3. SEC Use Only 4. SOURCE OF FUNDS WC 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) of 2(e) 6. Citizenship or Place of Organization U.S. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. Sole Voting Power 8. Shared Voting Power 1,116,300 6 9. Sole Dispositive Power 10. Shared Dispositive Power 1,116,300 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,116,300 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* 13. Percent of Class Represented by Amount in Row (11) 6.55% 14. Type of Reporting Person* PN *SEE INSTRUCTIONS BEFORE FILLING OUT! 7 This Amendment No. 1 to Schedule 13D is being filed on behalf of Mr. Craig Drill, Craig Drill Capital, L.L.C. and Craig Drill Capital L.P. to report a material change in their beneficial ownership of the Common Stock of The Alpine Group, Inc. ("AGI"). Item 1. Security and Issuer No change. Item 2. Identity and Background No change. Item 3. Source and Amount of Funds or Other Consideration As of the date hereof, Mr. Drill, the L.L.C. and the Partnership are deemed to beneficially own 1,116,300 shares of common stock (the "Common Shares"). The Common Shares were purchased in open market transactions at an aggregate cost of $10,961,562.11. The funds for the purchase of the Common Shares were obtained from the working capital of the Partnership which, in the normal course of its business, was comprised of the Partnership's equity contributed by the limited partners and the general partner, and earnings from the Partnership's 8 operations. No leverage was used to purchase the Common Shares. Item 4. Purpose of Transaction No change. Item 5. Interest in Securities of the Issuer As of the date hereof, Mr. Drill, the L.L.C. and the Partnership are deemed to be the beneficial owners of 1,116,300 Common Shares. Based on information recently provided by management of AGI, there are believed to be 17,037,007 Common Shares of AGI outstanding. Therefore, Mr. Drill, the L.L.C. and the Partnership are deemed to beneficially own 6.55% of the outstanding Common Shares. Each of Mr. Drill, the L.L.C. and the Partnership share the power to vote, direct the vote, dispose of or direct the disposition of all Common Shares of which they are deemed to beneficially own. A description of the Partnership's transactions in the Common Shares over the past 60 days appears in Exhibit A. 9 Item 6. Contracts, Arrangements, Understandings of Relationships With Respect to Securities of the Issuer No change. Item 7. Material to be Filed as Exhibits Exhibit A: Transactions Effected During the Last 60 Days Signature The undersigned, after reasonable inquiry and to the best of his knowledge and belief, certifies that the information set forth in this statement is true, complete and correct. November 26, 1997 /s/ Craig A. Drill Craig A. Drill Craig Drill Capital L.L.C. By:/s/ Craig A. Drill Craig A. Drill Managing Member Craig Drill Capital L.P. By: Craig Drill Capital L.L.C., its general partner By:/s/ Craig A. Drill Craig A. Drill Managing Member 10 EXHIBIT A Transactions Effected During the Last 60 Days Trade Date Transaction Number of Shares Price per Share 10/13/97 Buy 12,000 15.125 10/17/97 Buy 14,800 14.375 10/20/97 Buy 10,500 14.563 10/21/97 Buy 7,300 15.125 10/22/97 Buy 16,200 15.123 10/27/97 Buy 3,300 14.250 11/04/97 Buy 2,200 15.125 11/05/97 Buy 9,000 15.901 11/07/97 Buy 2,400 16.500 11/10/97 Buy 8,600 17.125 11/11/97 Buy 23,000 17.000 11/14/97 Buy 33,000 16.528 11/17/97 Buy 22,000 17.114 11/18/97 Buy 30,000 17.125 11 19690000.AM5 -----END PRIVACY-ENHANCED MESSAGE-----