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-l (e), §240.13d-l (f) or §240.13d-l(g), check the following
box.
¨
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).
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1.
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Names of
Reporting Persons.
Nicholas G. Karabots
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2.
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Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
¨
(b)
¨
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
PF
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5.
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Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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6.
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Citizenship or Place of
Organization
United States of America
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
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7.
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Sole Voting Power
2,096,061
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8.
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Shared Voting Power
0
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9.
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Sole Dispositive Power
2,096,061
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10.
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Shared Dispositive Power
0
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,096,061
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12.
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount
in Row (11)
25.97% (1)
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14.
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Type of Reporting Person (See
Instructions)
IN
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(1)
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Based on 8,071,454 shares of Common Stock (as defined below) stated to be outstanding as of July 15, 2016 by the Issuer (as defined below) in the Issuers Form 10-K relating to the Issuers fiscal year ended
on April 30, 2016.
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1.
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Names of
Reporting Persons.
Glendi Publications, Inc. 59-2235938
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2.
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Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
¨
(b)
¨
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
PF
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5.
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Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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6.
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Citizenship or Place of
Organization
Delaware
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
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7.
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Sole Voting Power (2)
967,544
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8.
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Shared Voting Power
0
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9.
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Sole Dispositive Power (2)
967,544
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10.
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Shared Dispositive Power
0
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
967,544
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12.
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount
in Row (11)
11.99%
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14.
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Type of Reporting Person (See
Instructions)
CO
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(2)
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Mr. Karabots has sole voting and dispositive power with respect to all shares held by Glendi Publications, Inc.
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1.
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Names of
Reporting Persons.
Kappa Media Group, Inc. 23-3047713
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2.
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Check the Appropriate Box if a Member
of a Group (See Instructions)
(a)
¨
(b)
¨
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
PF
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5.
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Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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6.
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Citizenship or Place of
Organization
Pennsylvania
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
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7.
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Sole Voting Power (3)
1,026,517
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8.
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Shared Voting Power
0
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9.
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Sole Dispositive Power (3)
1,026,517
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10.
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Shared Dispositive Power
0
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
1,026,517
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12.
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount
in Row (11)
12.72%
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14.
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Type of Reporting Person (See
Instructions)
CO
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(3)
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Mr. Karabots has sole voting and dispositive power with respect to all shares held by Kappa Media Group, Inc.
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This Amendment No. 32 to Schedule 13D (Amendment No. 32) amends and supplements the
prior statement on Schedule 13D (the Statement) as filed by Nicholas G. Karabots and certain affiliates related to the common stock (the Common Stock), $.10 par value, of AMREP Corporation, an Oklahoma corporation (the
Issuer). The Statement has been previously amended by Amendment No. 31 to Schedule 13D filed on March 14, 2014, Amendment No. 30 to Schedule 13D filed on September 18, 2013, Amendment No. 29 to Schedule 13D filed
on July 8, 2013, Amendment No. 28 to Schedule 13D filed on April 16, 2013, Amendment No. 27 to Schedule 13D filed on February 1, 2013, Amendment No. 26 to Schedule 13D filed on January 2, 2013, Amendment
No. 25 to Schedule 13D filed on September 18, 2012, Amendment No. 24 to Schedule 13D filed on August 21, 2012, Amendment No. 23 to Schedule 13D filed on May 29, 2012, Amendment No. 22 to Schedule 13D filed on
October 7, 2011, Amendment No. 21 to Schedule 13D filed on January, 3, 2011, Amendment No. 20 to Schedule 13D filed on November 10, 2011, Amendment No. 19 to Schedule 13D filed on September 30, 2010, Amendment
No. 18 to Schedule 13D filed on September 9, 2010, Amendment No. 17 to Schedule 13D filed on May 2, 2008, Amendment No. 16 to Schedule 13D filed on January 11, 2008, Amendment No. 15 to
Schedule 13D filed on October 28, 2002, Amendment No. 14 to Schedule 13D filed on January 4, 2002, Amendment No. 13 to Schedule 13D filed November 30, 2001, Amendment No. 12 to Schedule 13D filed on
October 24, 2001, Amendment No. 11 to Schedule 13D filed on June 6, 2000, Amendment No. 10 to Schedule 13D filed on July 31, 1996, Amendment No. 9 to Schedule 13D filed on September 25, 1995,
Amendment No. 8 to Schedule 13D filed on January 12, 1995, Amendment No. 7 to Schedule 13D filed on January 5, 1995, Amendment No. 6 to Schedule 13D filed on September 15, 1994, Amendment No. 5 to
Schedule 13D filed on June 2, 1994, Amendment No. 4 to Schedule 13D filed on March 1, 1994, and Amendment No. 3 to Schedule 13D filed on January 31, 1994. Amendment No. 3 to Schedule 13D amended and
restated the entire text of the Statement on Schedule 13D filed on August 4, 1993, as amended by Amendment No. 1 filed on December 22, 1993 and Amendment No. 2 filed on January 21, 1994. In the event that any disclosure
contained in this Amendment No. 32 is inconsistent with the disclosures contained in the Statement, the disclosures contained herein shall supersede such inconsistent disclosures from the date of this Amendment No. 32.
ITEM 1. SECURITY AND ISSUER
There are no amendments
to Item 1 of the Statement pursuant to this Amendment No. 32.
ITEM 2. IDENTITY AND BACKGROUND
There are no amendments to Item 2 of the Statement pursuant to this Amendment No. 32.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
There are no amendments to Item 3 of the Statement pursuant to this Amendment No. 32.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is
hereby amended by adding the following paragraph following the end of the previous disclosures:
On September 7, 2016, Glendi Publications, Inc.
(Glendi), an entity wholly-owned by Nicholas G. Karabots, transferred 514,180 shares of Common Stock of the Issuer to Kappa Media Group, Inc. (KMG), an entity controlled by Nicholas G. Karabots. The 514,180 shares of Common
Stock were transferred to KMG at a price of $6.15 per share of Common Stock for aggregate consideration of $3,162,207, in full satisfaction of outstanding indebtedness owed by Glendi to KMG.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Statement is hereby amended by deleting the paragraphs (a), (b) and (c) thereof and inserting the following:
(a) Mr. Karabots beneficially owns all of the 2,096,061 shares of Common Stock reported on this Statement,
which shares represent approximately 25.97% of the outstanding shares of the Common Stock of the Issuer. Mr. Karabots beneficially owns 102,000 of the outstanding shares of the Common Stock directly; 967,544 of such shares indirectly through
Glendi; and the remaining 1,026,517 of such shares indirectly through KMG.
(b) Mr. Karabots has sole voting and sole dispositive power as to the
102,000 shares of the Common Stock that he owns directly, the 967,544 shares of the Common Stock owned indirectly through Glendi and the 1,026,517 shares of the Common Stock owned indirectly through KMG, as reported on this Statement.
(c) On September 7, 2016, Glendi, an entity wholly-owned by Nicholas G. Karabots, transferred 514,180 shares of Common Stock of the Issuer to KMG, an
entity controlled by Nicholas G. Karabots. The 514,180 shares of Common Stock were transferred to KMG at a price of $6.15 per share of Common Stock for aggregate consideration of $3,162,207, in full satisfaction of outstanding indebtedness owed by
Glendi to KMG.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
There are no amendments to Item 6 of the Statement pursuant to this Amendment No. 32.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
There are
no amendments to Item 7 of the Statement pursuant to this Amendment No. 32.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: September 8, 2016
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/s/ Nicholas G. Karabots
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Nicholas G. Karabots
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GLENDI PUBLICATIONS, INC.
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/s/ Nicholas G. Karabots
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Name: Nicholas G. Karabots
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Title: Chief Executive Officer
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KAPPA MEDIA GROUP, INC.
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/s/ Nicholas G. Karabots
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Name: Nicholas G. Karabots
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Title: Chief Executive Officer
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