-----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, Dv6dlMC6fQ2iCwFWfZio/uwdXMP3MG9U0tAuuxYzd7sSLXIjz8c+luPDoP93jKFa r2iPjhKGghDNnTuM9PVxJQ== 0001047469-03-029465.txt : 20030902 0001047469-03-029465.hdr.sgml : 20030901 20030902144149 ACCESSION NUMBER: 0001047469-03-029465 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030902 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRIME RETAIL INC/BD/ CENTRAL INDEX KEY: 0000911708 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 382559212 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46088 FILM NUMBER: 03876047 BUSINESS ADDRESS: STREET 1: 100 E PRATT ST STREET 2: 1900 FLOOR CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4102340782 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET STREET 2: 1900 FLOOR CITY: BALTIMORE STATE: MD ZIP: 21202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOODWIN DANIEL L CENTRAL INDEX KEY: 0001119191 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 330367203 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2901 BUTTERFIELD RD CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 7082188000 MAIL ADDRESS: STREET 1: 2901 BUTTERFIELD RD CITY: OAK BROOK STATE: IL ZIP: 60523 SC 13D 1 a2117435zsc13d.htm SC 13D

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.            )*

Prime Retail, Inc.
(Name of Issuer)


10.5% Series A Senior Cumulative Preferred Stock,
Par Value $0.01 per share

(Title of Class of Securities)


741570-20-4

(CUSIP Number)


Michael J. Choate, Esq.
Shefsky & Froelich Ltd.
444 North Michigan Avenue
Suite 2500
Chicago, Illinois 60611
(312) 527-4000

(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)


August 29, 2003

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.    o

        Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 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).


CUSIP No.    741570-20-4   13D   Page 2 of 5


(1)   NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

Daniel L. Goodwin

(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a)  o
                (b)  o

(3)   SEC USE ONLY

           

(4)   SOURCE OF FUNDS (SEE INSTRUCTIONS)

PF

(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
                o

(6)   CITIZENSHIP OR PLACE OF ORGANIZATION

USA


NUMBER OF
SHARES

 

(7)

 

SOLE VOTING POWER
124,550

 

 
BENEFICIALLY  
OWNED BY
EACH REPORTING
  (8)   SHARED VOTING POWER
0
   
PERSON WITH  
        (9)   SOLE DISPOSITIVE POWER
124,550
   
       
        (10)   SHARED DISPOSITIVE POWER
0
   

(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

124,550

(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    
                o

(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

5.4%

(14)   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN


CUSIP NO. 741570-20-4
Page 3 of 5

Item 1.    Security and Issuer.

      10.5% Series A Senior Cumulative Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock").

      Prime Retail, Inc. (the "Issuer")
      100 East Pratt Street, 19th Floor
      Baltimore, Maryland 21202

Item 2.    Identity and Background.

      (a)
      Daniel L. Goodwin

      (b)
      Residence or Business Address: c/o The Inland Group, Inc., 2901 Butterfield Rd., Oak Brook, Illinois 60523

      (c)
      The Filing Person is the Chief Executive Officer of The Inland Group, Inc., 2901 Butterfield Rd., Oak Brook, Illinois 60523, whose principal business is real estate ownership and development.

      (d)
      During the past five years, the Filing Person has not been convicted in a criminal proceeding, excluding traffic violations or similar misdemeanors.

      (e)
      During the last five years, the Filing Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he or it was or is subject to (i) a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or (ii) a finding of any violation with respect to such laws.

      (f)
      United States of America

Item 3.    Source and Amount of Funds or Other Consideration.

      The Filing Person utilized personal funds to purchase the shares of Series A Preferred Stock for an aggregate purchase price of $620,818.

Item 4.    Purpose of Transaction.

      The Filing Person has taken certain actions that indicate that the Filing Person may be deemed to have the current intent to seek to change or influence control of the Issuer. On August 29, 2003, the Filing Person requested a list of all current holders of the Series A Preferred Stock of the Issuer. The purpose of obtaining the list is to enable the Filing Person to communicate with other holders of Series A Preferred Stock regarding their investment in the Series A Preferred Stock and the impact on that investment of the proposed sale of the Issuer to an affiliate of The Lightstone Group, LLC (the "Sale").

      The Filing Person has not formulated any specific plans or proposals regarding the Issuer or the Sale and there is no assurance that any plan or proposal will be developed or as to the terms or the timing of any plan or proposal. The Filing Person reserves the right to acquire additional shares of the Issuer's capital stock, including the Series A Preferred Stock, to dispose of the Series A Preferred Stock, in whole or in part, or to formulate other purposes, plans or proposals deemed advisable regarding the Issuer.


CUSIP NO. 741570-20-4
Page 4 of 5

Item 5.    Interest in Securities of the Issuer.

      (a)
      The Filing Person beneficially owns 124,550 shares of Series A Preferred Stock of the Issuer. Such shares represent approximately 5.4% of the outstanding shares of Series A Preferred Stock of the Issuer (based on 2,300,000 shares outstanding as of June 30, 2003).

      (b)
      The Filing Person has sole dispositive and voting power with respect to 124,550 shares of Series A Preferred Stock of the Issuer. Such shares represent approximately 5.4% of the outstanding shares of Series A Preferred Stock of the Issuer (based on 2,300,000 shares outstanding as of June 30, 2003).

      (c)
      The Filing Person purchased the shares of Series A Preferred Stock in open-market transactions occurring between April 1, 2000 and May 21, 2002. The aggregate purchase price paid for the shares of Series A Preferred Stock was $620,818.

      (d)
      No person, other than the Filing Person, is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of the Series A Preferred Stock owned by the Filing Person.

      (e)
      Not applicable.

Item 6.    Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

      The Filing Person has not entered into any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to any securities of the Issuer.

Item 7.    Material to be filed as Exhibits.

      Stockholder List Request Letter.


CUSIP NO. 741570-20-4
Page 5 of 5

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.


August 29, 2003

 

 

 

 

 

 

By:

 

/s/  
DANIEL L. GOODWIN      


EX-99.(A) 3 a2117435zex-99_a.htm EXHIBIT 99(A)
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Exhibit 99.(a)

DANIEL L. GOODWIN
2901 Butterfield Road
Oak Brook, Illinois 60523
palmer@inlandgroup.com

August 29, 2003

PRIME RETAIL, INC.
100 East North Pratt Street
19th Floor
Baltimore, Maryland 21202
  
Attn: R. Kelvin Antill
PRIME RETAIL, INC.
100 East North Pratt Street
19th Floor
Baltimore, Maryland 21202
  
Attn: Robert A. Brvenik, President & CFO


Re: Request for Stockholder List

Gentlemen:

        I am the record owner of 124,550 shares of 10.5% Series A Senior Cumulative Preferred Stock (the "Preferred Stock") of Prime Retail, Inc., a Maryland corporation (the "Company"). A copy of my stock certificate evidencing ownership of the aforesaid Preferred Shares is enclosed. As such record owner of the Preferred Stock, I hereby demand, pursuant to Section 2-513 of the Maryland General Corporation Law, the right to inspect and to make copies or extracts, during the Company's usual business hours, of the following:

    1.
    A complete record or list, verified under oath by an officer of the Company, its stock transfer agent or registrar, setting forth the name and address of each holder of Preferred Stock and the number of shares of Preferred Stock registered in the name of each holder as of the most recent practicable date, including, without limitation, shares of Preferred Stock held in record name by any central certificate depository system.

    2.
    On a daily basis, all transfer sheets showing any changes in the list of the holders subsequent to the date of the list provided in response to (1) above.

    3.
    All information in the Company's possession or control, or which can reasonably be obtained from nominees of any central certificate depository system, concerning the number and identity of the actual beneficial owners of the Preferred Stock, including a list of all owners who hold Preferred Stock in the name of Cede & Co. and other similar nominees and any respondent bank listings obtained pursuant to the requirements of Rule 14b-2 promulgated under the Securities Exchange Act of 1934.

    4.
    All lists, tapes and other data in the possession or control of the Company, or which can reasonably be obtained pursuant to Rules 14b-l and 14b-2 promulgated under the Securities Exchange Act of 1934, which set forth the name and address of, and the number of shares owned by, each beneficial owner of the Company's Preferred Stock who has not objected to disclosure of his or her name.

        The purpose of this demand is to permit me to communicate with other holders of Preferred Stock regarding our investment in the Preferred Stock and the impact on our investment of the proposed sale of the Company to an affiliate of the Lightstone Group, LLC. I agree to bear the reasonable costs incurred by the Company in connection with the production of the requested materials.

        I hereby designate Jonathan J. Stein and Robert Weinstein and each of their respective partners, employees and other persons designated by any of them, acting together, singly or in any combination, to act as my agent in connection with this request.



        Please advise me as to the time and place that the requested information will be made available in accordance with this request. Under Maryland law the Company is required to make the requested information available within twenty (20) days of the date of this letter. An affidavit relating to this demand is attached to this letter.

        Please acknowledge receipt of this letter by signing and dating the enclosed copy and returning it to me in the enclosed envelope.

      Very truly yours,

 

 

 

/s/  
DANIEL L. GOODWIN      

Enclosures

 

 

 

RECEIPT ACKNOWLEDGED

 

 
    
, 2003.    

PRIME RETAIL, INC.

By:
        Name:
                Title:

VIA FEDERAL EXPRESS and
FACSIMILE TRANSMISSION
TO: (410)234-1701

2


AFFIDAVIT

STATE OF ILLINOIS   )    
    )   SS.
COUNTY OF DUPAGE   )    

        I, Daniel L. Goodwin, having been duly sworn, depose and say that I am the record Holder of 124,550 shares of 10.5% Series A Senior Cumulative Preferred Stock of Prime Retail, Inc. and that the facts and statements contained in the attached demand are true and correct in all material respects.

    Daniel L. Goodwin

Subscribed and Sworn to before me
this                day of August, 2003.

        Notary Public


        [COPY OF STOCK CERTIFICATE FOR 124,550 SHARES OF 10.5% SERIES A
        SENIOR CUMULATIVE PREFERRED STOCK]




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