Schedule 13D
This Amendment No. 8 amends the Statement on Schedule 13D (the “Schedule 13D”) filed with the Securities and Exchange Commission on November 28, 2012 by Robert C. Ammerman with respect to shares of the 9 3/8% Cumulative Participating Redeemable Preferred Stock (face value $12.00) of Ameritrans Capital Corporation.
Item 3.
Source and Amount of Funds or Other Consideration
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Item 3 is hereby amended and restated to read as follows:
Mr. Ammerman, personally and through self-directed retirement accounts, is the owner of 122,736 shares of Preferred Stock of the Issuer (the “Record Shares”). Mr. Ammerman acquired the Record Shares with approximately $916,529.82 in personal funds.
Item 4.
Purpose of Transaction
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Item 4 is hereby amended and restated to read as follows:
Mr. Ammerman acquired the Record Shares for investment purposes. Mr. Ammerman currently intends to obtain control of a majority of the issued shares of the 9 3/8% Cumulative Participating Redeemable Preferred Stock (face value $12.00) of the Issuer, and to exercise corresponding voting and control rights in the Issuer, which may result in all or some of the transactions identified in clauses (a)-(j) of Item 4 of Schedule 13D.
Item 5.
Interest in Securities of the Issuer
.
Item 5 is hereby amended and restated to read as follows:
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(a)
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Mr. Ammerman, personally and through self-directed retirement accounts, is the record and beneficial owner of the Record Shares (i.e., 122,736 shares of Preferred Stock).
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The Record Shares represent 40.9% of the Preferred Stock of the Issuer, which percentage is calculated based upon 300,000 shares of Preferred Stock reported to be outstanding in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 10, 2013.
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(b)
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Number of shares as to which Mr. Ammerman has:
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(i) sole power to vote or to direct the vote:
(ii) shared power to vote or direct the vote:
0 shares
(iii) sole power to dispose or to direct the disposition:
(iv) shared power to dispose or to direct the disposition:
0 shares
(c)
This item is amended by the addition of the following: On November 21, 2012, Mr. Ammerman acquired 2,200 shares of Preferred Stock in open market transactions at a price of $7.25 per share. Also on November 26, 2012, Mr. Ammerman acquired an additional 4 shares at a price of $6.60 per share. On May 17, 2013, Mr. Ammerman acquired 2,000 shares of Preferred Stock in open market transactions at a price of $3.55 per share. Also on May, 17, 2013 Mr. Ammerman acquired an additional 150 shares at a price of $3.44 per share, 100 shares at a price of $3.84 per share and 1,000 shares at a price of $3.85 per share. Between May 28, 2013 and May 31, 2013 Mr. Ammerman acquired 1,900 shares of Preferred Stock in open market transactions at a price of $4.00 per share. Also on May 31, 2013, Mr. Ammerman acquired an additional 1,000 shares at a price of $4.25 per share, 1,000 shares at a price of $4.30 per share, and 678 shares at a price of $4.35 per share. On June 3, 2013, Mr. Ammerman acquired 200 shares of Preferred Stock in open market transactions at a price of $6.50 per share, 200 shares at a price of $6.45 per share, 300 shares at a price of $6.00 per share, 200 shares at a price of $5.65 per share, 100 shares at a price of $5.50 per share, 100 shares at a price of $5.00 per share and 100 shares at a price of $4.94 per share.