AMREP CORPORATION |
(Name of Issuer) |
Common Stock, $.10 par value |
(Title of Class of Securities) |
032159105 |
(CUSIP Number) |
October 7, 2011 |
(Date of Event Which Requires Filing of This Statement) |
CUSIP No. 032159105
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13G
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Page 2 of 6 Pages
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1
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NAME OF REPORTING PERSONS
The Franklin Institute
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) o
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
PA
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
368,028
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
368,028
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
368,028
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
(see instructions)
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1% (based on 5,996,212 shares outstanding as of August 31, 2011, as reported in the issuer’s Quarterly Report on Form 10-Q for the quarterly period ending July 31, 2011)
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12
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TYPE OF REPORTING PERSON
(see instructions)
CO
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CUSIP No. 032159105
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13G
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Page 3 of 6 Pages
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CUSIP No. 032159105
|
13G
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Page 4 of 6 Pages
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2 (b) or (c), Check Whether the Person Filing is a:
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(a) | ¨ | Broker or dealer registered under Section 15 of the Exchange Act of 1934 (the “Exchange Act”); | |
(b) | ¨ | Bank as defined in Section 3(a)(6) of the Exchange Act; | |
(c) | ¨ | Insurance company as defined in Section 3(a)(19) of the Exchange Act; | |
(d) | ¨ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
(e) | ¨ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
(f) | ¨ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
(g) | ¨ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
(h) | ¨ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
(i) | ¨ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; | |
(j) | ¨ | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
(k) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
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(a)
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Amount Beneficially Owned:
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The Franklin Institute beneficially owns 368,028 shares of Common Stock.
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(b)
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Percent of Class:
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: 368,028
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or to direct the disposition of: 368,028
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(iv)
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Shared power to dispose or to direct the disposition of: 0
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CUSIP No. 032159105
|
13G
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Page 5 of 6 Pages
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Item 5. Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
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Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Item 8. Identification and Classification of Members of a Group.
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Item 9. Notice of Dissolution of Group.
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Item 10. Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 032159105
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13G
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Page 6 of 6 Pages
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THE FRANKLIN INSTITUTE | |||
/s/ Larry Dubinski | |||
Dated: October 12, 2011 | Name: | Larry Dubinski | |
Title: | Senior Vice President of External Affairs | ||
and General Counsel |