Filing Details
- Accession Number:
- 0000752642-17-000001
- Form Type:
- 13D Filing
- Publication Date:
- 2017-01-30 11:57:18
- Filed By:
- Landy Eugene W
- Company:
- Umh Properties Inc. (NYSE:UMH)
- Filing Date:
- 2017-01-30
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
S.S. or | 724,517 | 447,501 | 724,517 | 447,501 | 3.95% |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 34)*
UMH PROPERTIES, INC.
Formerly United Mobile Homes, Inc.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
903002103
(CUSIP Number)
Eugene W. Landy, Esq.
Juniper Business Plaza, Suite 3-C
3499 Route 9 North
Freehold, New Jersey 07728
732-577-9997
(Name, address and telephone number of Person Authorized To Receive Notices
and Communications)
January 30, 2017
(Date of Event Which Requires Filing this Statement)
ANNUAL REPORT -- NO MATERIAL CHANGE
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this statement, and is filing this statement because of Rule 13d-1(b)(3) or (4), check the following: [ ]
*The remainder of this cover page shall be filled out for a reporting persons 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 needed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (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).
CUSIP No. 903002103
Page 2 of 6
1.
Name of Reporting Person, S.S. or I.R.S. Identification No. of Reporting Person:
Eugene W. Landy
S.S. # On File
2.
Check appropriate box if member of a group:
a)
[ X ]
b)
[ ]
3.
SEC Use Only
4.
Source of Funds:
PF
5.
Check if Disclosure of Legal Proceedings is Required pursuant to Items 2(d) or
2(e):
6.
Citizen or Place of Organization: Citizen of U.S.A.
Number of Shares Beneficially Owned by Reporting Person
Number of Shares Beneficially Owned by Reporting Person | 7. |
| Sole Voting Power | 724,517.458 |
| 8. |
| Shared Voting Power | 447,501.400 |
| 9. |
| Sole Dispositive Power | 724,517.458 |
| 10. |
| Shared Dispositive Power | 447,501.400 |
11.
Aggregate Amount Beneficially Owned by Reporting Person:
1,172,018.86 shares
12.
Check if the Aggregate Amount in Row (11) excludes Certain Shares:
[ X ]
CUSIP No. 903002103
Page 3 of 6
13.
Percent of Class Represented by Amount in Row (11): 3.95%
14.
Type of Reporting Person: IN
ITEM 1.
SECURITY AND ISSUER
Common Stock issued by UMH Properties, Inc. (formerly United Mobile Homes, Inc.), Juniper Business Plaza, Suite 3-C, 3499 Route 9 North, Freehold, New Jersey 07728.
ITEM 2.
IDENTITY AND BACKGROUND
(a)
The person filing this statement is Eugene W. Landy.
(b)
Mr. Landys business address is Juniper Business Plaza, Suite 3-C,
3499 Route 9 North, Freehold, New Jersey 07728.
(c)
Mr. Landys present principal occupation is an attorney;
Chairman of the Board of Monmouth Real Estate Investment Corporation (formerly Monmouth Real Estate Investment Trust); and Chairman of the Board of UMH Properties, Inc. (formerly United Mobile Homes, Inc.).
(d)
Mr. Landy has not been convicted in a criminal proceeding during the past
five years.
(e)
Mr. Landy, has not, during the past five years, been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
that resulted in a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject to federal or
state security laws or finding any violations with respect to such laws.
(f)
Mr. Landy is a United States citizen.
ITEM 3.
SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Answers to this Item 3 for Mr. Landy are set forth above.
CUSIP No. 903002103
Page 4 of 6
ITEM 4.
PURPOSE OF TRANSACTION
Common Stock of UMH Properties, Inc. (formerly United Mobile Homes,
Inc. was acquired for investment purposes. The acquisition involves no
change of control of UMH Properties, Inc. (formerly United Mobile
Homes, Inc.). Eugene W. Landy is Chairman of the Board, Director and
Founder. Therefore, Item 4 is somewhat inapplicable. Mr. Landy has no
plans for the following:
(a)
The acquisition by any person or additional securities of the issuer,
or the disposition of securities of the issuer; except that purchases of UMH
Properties, Inc. (formerly United Mobile Homes, Inc.) common stock may
be made under the UMH Properties, Inc. (formerly United Mobile Homes,
Inc.) Dividend Reinvestment and Stock Purchase Plan;
(b)
the extraordinary corporate transaction, such as a merger, reorgani-
zation or liquidation, involving the issuer or any of its subsidiaries;
(c)
a sale or transfer of a material amount of assets of the issuer or
any of its subsidiaries;
(d)
any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e)
Any material change in the present capitalization or dividend
policy of the issuer:
(f)
any other material change in the issuers business or corporate
structure;
(g)
changes in the issuers charter, by-laws or instruments cor-
responding thereto or other actions which may impede the acquisition
or control of the issuer by any person;
(h)
causing a class of securities of the issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an interdealer quotation system of a registered national securities
association;
(i)
a class of equity securities of the issuer becoming eligible for
termination or registration; or
CUSIP No. 903002103
Page 5 of 6
(j)
any action similar to any of those enumerated above.
ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER
(a)
As of the close of business on January 30, 2017, the following
table lists the aggregate number of shares and the percentage of the shares
of common stock owned:
Name | Aggregate Number of Shares Owned | Percentage of Shares Owned |
|
|
|
Eugene W. Landy | 624,645.337* | 2.11 |
Gloria Landy | 99,872.121 | 0.34 |
Landy Investments | 172,607.72 | 0.58 |
Landy & Landy Employees Profit Sharing Plan | 66,912.51 | 0.23 |
Landy & Landy Employees Pension Plan | 57,561.28 | 0.19 |
Eugene W. and Gloria Landy Family Foundation | 97,880.00 | 0.33 |
Windsor Industrial Park Associates | 23,251.80 | 0.08 |
Juniper Plaza Associates | 29,288.09 | 0.10 |
|
|
|
Total: | 1,172,018.858 | 3.95% |
______________________________
*Excludes shares held by Mr. Landys adult children in which he disclaims
any beneficial interest. Does not include (i) 100,000 shares on which Mr. Landy has an
option to purchase pursuant to the Companys Stock Option Plan, which option expires
on 6/26/21, (ii) 100,000 shares on which Mr. Landy has an option to purchase pursuant to the Companys Stock Option Plan, which option expires on 6/11/22 (iii) 100,000 shares on which Mr. Landy has an option to purchase pursuant to the Companys Stock Option Plan, which option expires on 6/24/23, and (iv) 100,000 shares on which Mr. Landy has an option to purchase pursuant to the Companys Stock Option Plan, which option expires on 4/5/24.
(b)
The information required by this sub-paragraph is contained in the
responses to ITEMS 7-10 of the second part of the cover page hereto,
which items are hereby incorporated by reference.
(c)
The following transactions were effected by Mr. Landy with
respect to the Common Stock of UMH Properties, Inc. (formerly
United Mobile Homes, Inc.) during the past 60 days:
CUSIP No. 903002103
Page 6 of 6
Name | Date | Amount of Shares | Character of Transaction | Price Per Share |
Eugene W. Landy | 12/15/2016 | 338.024 | * | $12.75 |
|
|
|
|
|
|
|
|
|
|
*Shares acquired pursuant to the UMH Properties, Inc. Dividend Reinvestment and Stock Purchase Plan.
(d)
This item is not applicable.
(e)
The reporting person has not ceased to be the beneficial owner of
more than five percent of the class of securities.
ITEM 6.
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER
There are no contracts, arrangements, understandings or relation-
ships (legal or otherwise) between the person named in ITEM 2 hereof or
between such person and any person with respect to any securities of
UMH Properties, Inc. (formerly United Mobile Homes, Inc.).
ITEM 7.
MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURE
After reasonable 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.
Dated:
January 30, 2017
/S/ Eugene W. Landy
Eugene W. Landy
Chairman of the Board