SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 9)
Shelbourne Properties I, Inc.
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(Name of Subject Company (Issuer))
HX Investors, L.P.
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(Names of Filing Persons (identifying status as
offeror, issuer or other person))
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
821373107
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(CUSIP Number of Class of Securities)
Michael L. Ashner
HX Investors, L.P.
100 Jericho Quadrangle, Suite 214
Jericho, New York 11753
516-822-0022
(Name, address, and telephone numbers of person authorized to receive
notices and communications on behalf of filing persons)
Copies to:
Justin P. Klein
Ballard Spahr Andrews & Ingersoll, LLP
1735 Market Street, 51st Floor
Philadelphia, Pennsylvania 19103
215-864-8606
Calculation of Filing Fee
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Transaction valuation Amount of Filing Fee
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$15,900,222.75 $1,462.82
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[X] Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was previously
paid. Identify the previous filing by registration number, or the Form or
Schedule and the date of its filing.
Amount Previously Paid: $1,462.82
Form or Registration No.: Schedule TO (Amendment No. 1, Amendment No. 4 and
Amendment No. 7)
Filing Party: HX Investors, L.P.
Date Filed: July 5, 2002, August 1, 2002 and August 5, 2002
[ ] Check the box if the filing relates solely to preliminary
communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which
the statement relates:
[X] third-party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[X] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the
results of the tender offer: [X]
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 12)*
SHELBOURNE PROPERTIES I, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PAR VALUE
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(Title of Class of Securities)
821373107
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(CUSIP Number)
MICHAEL L. ASHNER
100 JERICHO QUADRANGLE, SUITE 214
JERICHO, NEW YORK 11753
(516) 822-0022
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
AUGUST 16, 2002
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(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following
box [ ].
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) 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 (the "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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SCHEDULE 13D
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CUSIP No. 821373107
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
Michael L. Ashner
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
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3 SEC USE ONLY
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SOURCE OF FUNDS
4
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 United States
--------------------- ---------- -------------------------------------------------------------------------------------------
SOLE VOTING POWER
7 251,785 shares (1)
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NUMBER OF SHARED VOTING POWER
SHARES 8
BENEFICIALLY
OWNED BY ---------- -------------------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
PERSON 9 251,785 shares (1)
WITH
---------- -------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
251,785 shares (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
42%
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TYPE OF REPORTING PERSON*
14
IN
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(1) Comprised entirely of shares owned by HX Investors L.P. of which Exeter
Capital Corporation is the sole general partner, an entity in which Mr. Ashner
is the sole shareholder and director.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
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CUSIP No. 821373107
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----------------------------------------------
--------- ------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HX Investors L.P.
--------- ------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
2 (b)[ ]
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3 SEC USE ONLY
--------- ------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7 251,785 shares (1)
---------- -------------------------------------------------------------------------------------------
NUMBER OF SHARED VOTING POWER
SHARES 8
BENEFICIALLY
OWNED BY ---------- -------------------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
PERSON 9 251,785 shares (1)
WITH
---------- -------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
251,785 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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TENDER OFFER
This Amendment No. 9 is the final amendment to the Tender Offer Statement
on Schedule TO (the "Statement") filed with the Securities and Exchange
Commission on July 5, 2002 by HX Investors, L.P., a Delaware limited partnership
(the "Purchaser"), to purchase up to 251,785 shares of Common Stock of
Shelbourne Properties I, Inc. (the "Company"), upon the terms and subject to the
conditions set forth in the Offer to Purchase dated July 5, 2002 (the "Offer to
Purchase") and the related Letter of Transmittal, copies of which were attached
thereto as Exhibits (a)(1) and (a)(2), respectively.
The tender offer expired at 12:00 midnight, Eastern Standard Time, on
August 16, 2002. HX Investors, L.P. accepted a total of 251,785 shares,
including shares subject to guarantees of delivery, at a purchase price of
$63.15 per share.
Item 12. Exhibits.
Item 12 is hereby amended by adding the following exhibit which is
filed herewith.
Exhibit No. Exhibit
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(a)(19) Press release issued August 19, 2002.
SIGNATURE
After due 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.
HX INVESTORS, L.P.
By: Exeter Capital Corporation
General Partner
By: /s/ Carolyn Tiffany
------------------------
Carolyn Tiffany
Vice President
Dated: August 19, 2002
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EXHIBIT INDEX
Exhibit No. Description
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(a)(19) Press release issued August 19, 2002.
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