Filing Details

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CUSIP No. 032159105

1	NAMES OF REPORTING PERSONS
	Nicholas G. Karabots
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)	☐
				(b)	☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS)
	OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)				☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			2,096,061
		8	SHARED VOTING POWER
			0
		9	SOLE DISPOSITIVE POWER
			2,096,061
		10	SHARED DISPOSITIVE POWER
			0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,096,061
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)				☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	28.12%(1)
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

⁽¹⁾ Based on 7,454,441 shares of Common Stock (as defined below) outstanding as of October 27, 2020 calculated by subtracting from the 8,130,057 shares reported as oustanding by the Issuer in its Form 10-Q  for the fiscal quarter ended  July 31, 2020, the amount of  675,616 shares reported by the Issuer in its Form 8-K filed on October 27, as having been repurchased on October 27, 2020.

CUSIP No. 032159105

⁽²⁾ Mr. Karabots has sole voting and dispositive power with respect to all shares held by Glendi Publications, Inc.

CUSIP No. 032159105

⁽³⁾ Mr. Karabots has sole voting and dispositive power with respect to all shares held by Kappa Media Group, Inc.

This Amendment No. 33 to Schedule 13D (“Amendment No. 33”) amends and supplements the prior statement on Schedule 13D (the “Statement”) as filed by Nicholas G. Karabots and certain affiliates related to the common stock (the “Common Stock”), $.10 par value, of AMREP Corporation, an Oklahoma corporation (the “Issuer”). The Statement has been previously amended by Amendment No. 32 to Schedule 13D filed on September 12, 2016, Amendment No. 31 to Schedule 13D filed on March 14, 2014, Amendment No. 30 to Schedule 13D filed on September 18, 2013, Amendment No. 29 to Schedule 13D filed on July 8, 2013, Amendment No. 28 to Schedule 13D filed on April 16, 2013, Amendment No. 27 to Schedule 13D filed on February 1, 2013, Amendment No. 26 to Schedule 13D filed on January 2, 2013, Amendment No. 25 to Schedule 13D filed on September 18, 2012, Amendment No. 24 to Schedule 13D filed on August 21, 2012, Amendment No. 23 to Schedule 13D filed on May 29, 2012, Amendment No. 22 to Schedule 13D filed on October 7, 2011, Amendment No. 21 to Schedule 13D filed on January, 3, 2011, Amendment No. 20 to Schedule 13D filed on November 10, 2011, Amendment No. 19 to Schedule 13D filed on September 30, 2010, Amendment No. 18 to Schedule 13D filed on September 9, 2010, Amendment No. 17 to Schedule 13D filed on May 2, 2008, Amendment No. 16 to Schedule 13D filed on January 11, 2008, Amendment No. 15 to Schedule 13D filed on October 28, 2002, Amendment No. 14 to Schedule 13D filed on January 4, 2002, Amendment No. 13 to Schedule 13D filed November 30, 2001, Amendment No. 12 to Schedule 13D filed on October 24, 2001, Amendment No. 11 to Schedule 13D filed on June 6, 2000, Amendment No. 10 to Schedule 13D filed on July 31, 1996, Amendment No. 9 to Schedule 13D filed on September 25, 1995, Amendment No. 8 to Schedule 13D filed on January 12, 1995, Amendment No. 7 to Schedule 13D filed on January 5, 1995, Amendment No. 6 to Schedule 13D filed on September 15, 1994, Amendment No. 5 to Schedule 13D filed on June 2, 1994, Amendment No. 4 to Schedule 13D filed on March 1, 1994, and Amendment No. 3 to Schedule 13D filed on January 31, 1994. Amendment No. 3 to Schedule 13D amended and restated the entire text of the Statement on Schedule 13D filed on August 4, 1993, as amended by Amendment No. 1 filed on December 22, 1993 and Amendment No. 2 filed on January 21, 1994. In the event that any disclosure contained in this Amendment No. 33 is inconsistent with the disclosures contained in the Statement, the disclosures contained herein shall supersede such inconsistent disclosures from the date of this Amendment No. 33.

There are no amendments to Item 1 of the Statement pursuant to this Amendment No. 33.

There are no amendments to Item 2 of the Statement pursuant to this Amendment No. 33.

There are no amendments to Item 3 of the Statement pursuant to this Amendment No. 33.

Item 4 is hereby amended by adding the following paragraph following the end of the previous disclosures:

On October 27, 2020, as reported by the Issuer in its Form 8-K filed on the same day, the Issuer acquired 675,616 shares of its Common Stock, representing 8.3% of the Issuer’s outstanding shares which were retired and returned to the status of authorized but unissued shares of common stock. As a result of this repurchase, the percentage ownership of Common Stock of the Issuer held by Nicholas G. Karabots and the certain affiliates reported on this Statement increased.

Item 5 of the Statement is hereby amended by deleting the paragraphs (a), (b) and (c) thereof and inserting the following:

(a)       Mr. Karabots beneficially owns all of the 2,096,061 shares of Common Stock reported on this Statement, which shares represent approximately 28.12% of the outstanding shares of the Common Stock of the Issuer.  Mr. Karabots beneficially owns 102,000 of the outstanding shares of the Common Stock directly; 967,544 of such shares indirectly through Glendi Publications, Inc.; and the remaining 1,026,517 of such shares indirectly through Kappa Media Group, Inc.

(b)       Mr. Karabots has sole voting and sole dispositive power as to the 102,000 shares of the Common Stock that he owns directly, the 967,544  shares of the Common Stock owned indirectly through Glendi Publications, Inc. and the 1,026,517 shares of the Common Stock owned indirectly through Kappa Media Group, Inc., as reported on this Statement.

There are no amendments to Item 6 of the Statement pursuant to this Amendment No. 33.

There are no amendments to Item 7 of the Statement pursuant to this Amendment No. 33.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

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