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CUSIP No. |
32054K 10 3 |
1 | NAMES OF REPORTING PERSONS Jay H. Shidler |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
PF | |||||||||||
5 | CHECK 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. | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 1,921,554* | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,187,280** | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 1,908,789* | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,187,280** | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
3,108,834*** | |||||||||||
12 | CHECK 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) | ||||||||||
IN |
2
CUSIP No. |
32054K 10 3 |
1 | NAMES OF REPORTING PERSONS Shidler Equities L.P. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Hawaii | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,165,201* | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,165,201* | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,165,201* | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
2.6%* | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
3
CUSIP No. |
32054K 10 3 |
1 | NAMES OF REPORTING PERSONS Shidler Equities Corp. |
||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Hawaii | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,165,201* | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,165,201* | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,165,201* | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
2.6%* | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
4
CUSIP No. |
32054K 10 3 |
1 | NAMES OF REPORTING PERSONS Holman/Shidler Investment Corporation |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Hawaii | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | -0- | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 22,079* | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | -0- | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
22,079* | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
22,079* | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
0.0% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
5
(a) | This statement is filed by: |
(i) | Jay H. Shidler, with respect to the shares of Common Stock (including shares issuable upon conversion of Units (as defined in Item 5 below)) owned directly by him and his wife, by Shidler Equities L.P., a Hawaii limited partnership (Shidler LP), and by Holman/Shidler Investment Corporation, a Hawaii corporation (Holman/Shidler); | ||
(ii) | Shidler LP, with respect to the shares of Common Stock (including shares issuable upon conversion of Units) directly owned by it; | ||
(iii) | Shidler Equities Corp., a Hawaii corporation (Shidler Corp.), with respect to the shares of Common Stock (including shares issuable upon conversion of Units) directly owned by Shidler LP; and | ||
(iv) | Holman/Shidler, with respect to the shares of Common Stock issuable upon conversion of Units owned directly by it. |
Name and Title | Business Address | Citizenship | ||
Jay H. Shidler
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841 Bishop Street, Suite 1700 | USA | ||
Director, President & Treasurer
|
Honolulu, HI 96813 | |||
Wallette A. Shidler
|
841 Bishop Street, Suite 1700 | USA | ||
Vice President
|
Honolulu, HI 96813 | |||
Lawrence J. Taff
|
841 Bishop Street, Suite 1700 | USA | ||
Secretary
|
Honolulu, HI 96813 | |||
Dayle N. Murakami
|
841 Bishop Street, Suite 1700 | USA | ||
Assistant Secretary
|
Honolulu, HI 96813 |
Name and Title | Business Address | Citizenship | ||
Robert W. Holman
|
1680 Pine Cone Circle | USA | ||
Director and President
|
Incline Village, NV 89451 | |||
Jay H. Shidler
|
841 Bishop Street, Suite 1700 | USA | ||
Director, Vice President, Secretary & Treasurer |
Honolulu, HI 96813 | |||
Marc T. Malardino
|
774 Mays Boulevard, Suite 10 | USA | ||
Vice President, Assistant Secretary
|
Incline Village, NV 89451 |
(b) | The business address of Shidler is 841 Bishop Street, Suite 1700, Honolulu, HI 96813. | ||
(c) | Mr. Shidler is the founder and managing partner of The Shidler Group, the principal business of which is the acquisition and management of real estate properties. See (b) above for the address of The Shidler Group. Mr. Shidler is also the chairman of the board of directors of the Company, Pacific Office Properties Trust, Inc. and Corporate Office Properties Trust and a private investor in real estate. The principal business of Shidler LP is serving as a private investment limited partnership. The principal business of Shidler Corp. is serving as the general partner of Shidler LP. The principal business of Holman/Shidler is serving as a private investment company. |
6
(d) | None of Shidler or any of the directors and executive officers of Shidler Corp. and Holman/Shidler has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). | ||
(e) | None of Shidler or any of the directors and executive officers of Shidler Corp. and Holman/Shidler has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. |
A. | Jay H. Shidler |
(a) | Mr. Shidler is the beneficial owner of 3,108,834 shares of Common Stock of the Company, representing 7.0% of the class, comprising 1,832,311 shares held directly by him (of which 12,765 are restricted shares granted under the Companys compensation plans in connection with his service as chairman of the Companys board of directors); 20,000 shares held by his wife, Wallette A. Shidler; 910,660 shares held by Shidler LP; 68,020 shares issuable upon conversion of limited partnership units (Units) in the Operating Partnership, which are exchangeable on a one-for-one basis, subject to adjustments, for shares of the Companys Common Stock, held by Mr. Shidler directly; 254,541 shares issuable upon conversion of Units held by Shidler LP; 1,223 shares issuable upon conversion of Units held by Mr. and Mrs. Shidler jointly; and 22,079 shares issuable upon conversion of Units held |
7
by Holman/Shidler. |
(b) | 1. Sole power to vote or direct vote: 1,921,554 |
2. | Shared power to vote or direct vote: 1,187,280 | ||
3. | Sole power to dispose or direct the disposition: 1,908,789 | ||
4. | Shared power to dispose or direct the disposition: 1,187,280 |
(c) | On November 20, 2008 and November 21, 2008, Mr. Shidler expended an aggregate of approximately $4,284,055 to purchase 768,400 shares of the Companys Common Stock. See Item 3 of this Schedule 13D. | ||
(d) | Not applicable. | ||
(e) | Not applicable. |
B. | Shidler Equities L.P. |
(a) | Shidler LP is the beneficial owner of 1,165,201 shares of Common Stock of the Company, representing 2.6% of the class, comprising 910,660 shares held directly and 254,541 shares issuable upon conversion of Units held directly. | ||
(b) | 1. Sole power to vote or direct vote: -0- |
2. | Shared power to vote or direct vote: 1,165,201 | ||
3. | Sole power to dispose or direct the disposition: -0- | ||
4. | Shared power to dispose or direct the disposition: 1,165,201 |
(c) | None. | ||
(d) | Shidler Corp., the general partner of Shidler LP, has the power to direct the affairs of Shidler LP, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, shares of Common Stock held by it. | ||
(e) | Not applicable. |
C. | Shidler Equities Corp. |
(a) | Shidler Corp. is the beneficial owner of 1,165,201 shares of Common Stock of the Company, representing 2.6% of the class, comprising 910,660 shares held by Shidler LP and 254,541 shares issuable upon conversion of Units held by Shidler LP. | ||
(b) | 1. Sole power to vote or direct vote: -0- |
2. | Shared power to vote or direct vote: 1,165,201 | ||
3. | Sole power to dispose or direct the disposition: -0- | ||
4. | Shared power to dispose or direct the disposition: 1,165,201 |
(c) | None. | ||
(d) | Not applicable. | ||
(e) | Not applicable. |
D. | Holman/Shidler Investment Corporation |
(a) | Holman/Shidler is the beneficial owner of 22,079 shares of Common Stock of the Company, representing 0.0% of the class, issuable upon conversion of Units held directly. | ||
(b) | 1. Sole power to vote or direct vote: -0- |
2. | Shared power to vote or direct vote: 22,079 | ||
3. | Sole power to dispose or direct the disposition: -0- |
8
4. | Shared power to dispose or direct the disposition: 22,079 |
(c) | None. | ||
(d) | Not applicable. | ||
(e) | Not applicable. |
9
/s/ Jay H. Shidler | ||||
Jay H. Shidler | ||||
SHIDLER EQUITIES L.P. |
By: | Shidler Equities Corp. | |||
By: | /s/ Jay H. Shidler | |||
Jay H. Shidler | ||||
President |
SHIDLER EQUITIES CORP. |
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By: | /s/ Jay H. Shidler | |||
Jay H. Shidler | ||||
President | ||||
HOLMAN/SHIDLER INVESTMENT CORPORATION |
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By: | /s/ Jay H. Shidler | |||
Jay H. Shidler | ||||
Vice President, Secretary and Treasurer | ||||