AMREP CORPORATION |
(Name of Issuer) |
Common Stock, $.10 par value |
(Title of Class of Securities) |
032159105 |
(CUSIP Number) |
Nicholas G. Karabots |
P.O. Box 736 |
Ft. Washington, PA 19034 (215) 643-5800 |
(Name, Address and Telephone Number of Person Authorized to |
Receive Notices and Communications) |
November 5, 2010 |
(Date of Event Which Requires Filing of This Statement) |
(1)
|
Names of Reporting Persons.
|
Nicholas G. Karabots |
(2) | Check the Appropriate Box is 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
|
U.S.A. |
Number of Shares | (7) Sole Voting Power | 1,290,698 | |
Beneficially Owned by | |||
Each Reporting Person | (8) Shared Voting Power | 0 | |
With | |||
(9) Sole Dispositive Power | 1,290,698 | ||
(10) Shared Dispositive Power | 0 |
(11)
|
Aggregate Amount Beneficially Owner by Each Reporting Person
|
1,290,698 |
(12)
|
Check the Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
(13)
|
Percent of Class Represented by Amount in Row (11)
|
21.5% |
(14)
|
Type of Reporting Person (See Instructions)
|
IN |
(1)
|
Names of Reporting Persons.
|
Glendi Publications, Inc. 59-2235938 |
(2) | Check the Appropriate Box is a Member of a Group (See Instructions) | (a) o |
(b) o |
(3)
|
SEC Use Only
|
(4) | Source of Funds (See Instructions) |
Not applicable |
(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
|
Delaware |
Number of Shares | (7) Sole Voting Power | 1,391,180 | |
Beneficially Owned by | |||
Each Reporting Person | (8) Shared Voting Power | 0 | |
With | |||
(9) Sole Dispositive Power | 1,391,180 | ||
(10) Shared Dispositive Power | 0 |
(11)
|
Aggregate Amount Beneficially Owner by Each Reporting Person
|
1,391,180 |
(12)
|
Check the Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
(13)
|
Percent of Class Represented by Amount in Row (11)
|
23.2% |
(14)
|
Type of Reporting Person (See Instructions)
|
CO |
(1)
|
Names of Reporting Persons.
|
Kappa Media Group, Inc. 23-3047713 |
(2) | Check the Appropriate Box is a Member of a Group (See Instructions) | (a) o |
(b) o |
(3)
|
SEC Use Only
|
(4) | Source of Funds (See Instructions) |
Not applicable |
(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
|
Pennsylvania |
Number of Shares | (7) Sole Voting Power | 410,000 | |
Beneficially Owned by | |||
Each Reporting Person | (8) Shared Voting Power | 0 | |
With | |||
(9) Sole Dispositive Power | 410,000 | ||
(10) Shared Dispositive Power | 0 |
(11)
|
Aggregate Amount Beneficially Owner by Each Reporting Person
|
410,000 |
(12)
|
Check the Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
(13)
|
Percent of Class Represented by Amount in Row (11)
|
6.8% |
(14)
|
Type of Reporting Person (See Instructions)
|
CO |
(1)
|
Names of Reporting Persons.
|
The Karabots Foundation. 23-2939856 |
(2) | Check the Appropriate Box is a Member of a Group (See Instructions) | (a) o |
(b) o |
(3)
|
SEC Use Only
|
(4) | Source of Funds (See Instructions) |
Not applicable |
(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
|
Pennsylvania |
Number of Shares | (7) Sole Voting Power | 421,766 | |
Beneficially Owned by | |||
Each Reporting Person | (8) Shared Voting Power | 0 | |
With | |||
(9) Sole Dispositive Power | 421,766 | ||
(10) Shared Dispositive Power | 0 |
(11)
|
Aggregate Amount Beneficially Owner by Each Reporting Person
|
421,766 |
(12)
|
Check the Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
(13)
|
Percent of Class Represented by Amount in Row (11)
|
7.0% |
(14)
|
Type of Reporting Person (See Instructions)
|
CO |
Revenue Code of 1986 regarding the disposition of excessive business holdings. The 10b-5-1 Plan was adopted to allow the Foundation to sell shares of the Corporation so that it could remain compliant under applicable federal tax rules of the Internal Revenue Code of 1986, as amended, and replaces a previously adopted 10b-5-1 plan that expired pursuant to its terms. On October 14, 2010, JPMS began effectuating the sales of shares of Common Stock pursuant to the 10b-1-5 Plan. Since the date of adoption, a total of 59,962 shares have been sold under the 10b-5-1 Plan. |
Date
|
Aggregate Number of
Shares Sold
|
Average Sales Price Per
Share
|
October 14, 2010
|
3,750
|
$12.1708
|
October 15, 2010
|
3,750
|
$11.1340
|
October 18, 2010
|
3,750
|
$10.5554
|
October 19, 2010
|
3,750
|
$10.4749
|
October 20, 2010
|
3,750
|
$10.4574
|
October 21, 2010
|
3,750
|
$10.5131
|
October 22, 2010
|
3,750
|
$10.5032
|
October 25, 2010
|
3,750
|
$10.3287
|
October 26, 2010
|
3,750
|
$10.2704
|
October 27, 2010
|
3,750
|
$10.2352
|
October 28, 2010
|
3,750
|
$10.2311
|
October 29, 2010
|
3,311
|
$10.0950
|
November 1, 2010
|
3,750
|
$10.0016
|
November 2, 2010
|
3,750
|
$10.1440
|
November 3, 2010
|
3,750
|
$10.0069
|
November 4, 2010
|
3,750
|
$10.0078
|
November 5, 2010
|
401
|
$10.0449
|
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Company.
|
|
Item 7.
|
Material Filed as Exhibits.
|