ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

DVLN DVL Inc (PK)

4,400.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
DVL Inc (PK) USOTC:DVLN OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4,400.00 4,400.00 4,900.00 0.00 14:30:21

- Amended Statement of Beneficial Ownership (SC 13D/A)

10/12/2010 3:50pm

Edgar (US Regulatory)


 
UNITED STATES   SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO §240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT § 240.13d-2(a)
(Amendment No. 5)*

DVL, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
233347103
(CUSIP Number)
 
David J. Heymann, Esq
Post Heymann & Koffler LLP
Two Jericho Plaza, Wing A
Jericho, 11753
516-681-3636
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

November 26, 2010
(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 §240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o
 
Note :   Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.   See § 240.13d-7 for other parties to whom copies are to be sent.
 
(Page 1 of 9 Pages)
 
 
 

 
 
CUSIP No. 233347103
13D
Page 2 of 9
 
1
NAME OF REPORTING PERSON

  Lawrence J. Cohen
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
  (a)  o
  (b)  x
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS  *
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
4,691,397 shares
8
SHARED VOTING POWER

0
9
SOLE DISPOSITIVE POWER
 
4,691,397 shares
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
12,243,850 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
27.2%
14
TYPE OF REPORTING PERSON  (see instructions)
 
IN
 
 
 

 
 
CUSIP No. 233347103
 
Page 3 of 9
 
1
NAME OF REPORTING PERSON

Milton Neustadter
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
  (a)  o
  (b)  x
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS  *
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
639,761 shares
8
SHARED VOTING POWER

0
9
SOLE DISPOSITIVE POWER
 
639,761 shares
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
12,243,850 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
27.2%
14
TYPE OF REPORTING PERSON  (see instructions)
 
IN
 
 
 

 
 
CUSIP No. 233347103
 
Page 4 of 9
 
1
NAME OF REPORTING PERSON

Jay Chazanoff
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
  (a)  o
  (b)  x
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS  *
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
2,857,606 shares
8
SHARED VOTING POWER

0
9
SOLE DISPOSITIVE POWER
 
2,857,606 shares
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
12,243,850 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
27.2 %
14
TYPE OF REPORTING PERSON  (see instructions)
 
IN
 
 
 

 
 
CUSIP No. 233347103
 
Page 5 of 9
 
1
NAME OF REPORTING PERSON

Ron Jacobs
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
  (a)  o
  (b)  x
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS  *
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
1,936,782   shares
8
SHARED VOTING POWER

0
9
SOLE DISPOSITIVE POWER
 
1,936,782   shares
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
12,243,850 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
27.2 %
14
TYPE OF REPORTING PERSON  (see instructions)
 
IN
 
 
 

 
 
CUSIP No. 233347103
 
Page 6 of 9
 
1
NAME OF REPORTING PERSON

Stephen Simms
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
  (a)  o
  (b)  x
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS  *
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
1,795,381 shares
8
SHARED VOTING POWER

0
9
SOLE DISPOSITIVE POWER
 
1,795,381 shares
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
12,243,850 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
27.2 %
14
TYPE OF REPORTING PERSON  (see instructions)
 
IN
 
 
 

 
 
CUSIP No. 233347103
 
Page 7 of 9
 
1
NAME OF REPORTING PERSON

Peter H.Gray
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
  (a)  o
  (b)  x
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS  *
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
322,923
8
SHARED VOTING POWER

0
9
SOLE DISPOSITIVE POWER
 
322,923
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
12,243,850 shares
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
27.2%
14
TYPE OF REPORTING PERSON  (see instructions)
 
IN
 
 
 

 
 
 
 
Page 8 of 9
 
This Amendment No. 5 (this “Amendment”) amends certain information set forth the Schedule 13D filed with the Securities and Exchange Commission (the “Commission”) on December 20, 1996, as amended by Amendment No. 1 on September 27, 1999, as amended by Amendment No. 2 on November 18, 1999, as amended by Amendment No. 3 on January 11, 2008, as amended by Amendment No. 4 on April 12, 2010 (as amended, the “Schedule 13D”), by Lawrence J. Cohen, Milton Neustadter, Jay Chazanoff, Ron Jacobs, Stephen Simms and Peter Gray, relating to the common stock, par value $.01 per share (the “Common Stock”), of DVL, Inc., a Delaware corporation (the “Issuer”).  Capitalized terms used and not defined herein shall have the meanings attributed to them in the Schedule 13D.
 
This Amendment is being filed solely to provide that in accordance with Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, each member of the group is deemed to beneficially own all of the shares of Common Stock owned by each other member of the group.
 
Item 5.
Interest in Securities of the Issuer.
 
The information set forth in Item 5 of the Schedule 13D is hereby amended and supplemented by the following information to the respective paragraphs thereof.
 
(a)           Pursuant to Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, the aggregate number of shares of Common Stock beneficially owned by each of the persons filing this Amendment as of the date of this Amendment is 12,243,850 shares, or 27.2% of the outstanding Common Stock.

(b)           As of the date of this Amendment, Mr. Cohen possesses: (i) the sole power to vote 4,691,397 shares of Common Stock; (ii) the shared power to vote 0 shares of Common Stock; (iii) the sole power to dispose of 4,691,397 shares of Common Stock; and (iv) the shared power to dispose of 0 shares of Common Stock.
 
As of the date of this Amendment, Mr. Neustadter possesses: (i) the sole power to vote 639,761 shares of Common Stock; (ii) the shared power to vote 0 shares of Common Stock; (iii) the sole power to dispose of 639,761 shares of Common Stock, and (iv) the shared power to dispose of 0 shares of Common Stock.
 
As of the date of this Amendment, Mr. Chazanoff possesses: (i) the sole power to vote 2,857,606 shares of Common Stock; (ii) the shared power to vote 0 shares of Common Stock; (iii) the sole power to dispose of 2,857,606 shares of Common Stock; and (iv) the shared power to dispose of 0 shares of Common Stock.
 
As of the date of this Amendment, Mr. Jacobs possesses: (i) the sole power to vote 1,936,782 shares of Common Stock; (ii) the shared power to vote 0 shares of Common Stock; (iii) the sole power to dispose of 1,936,782 shares of Common Stock; and (iv) the shared power to dispose of 0 shares of Common Stock.
 
As of the date of this Amendment, Mr. Simms possesses: (i) the sole power to vote 1,795,381 shares of Common Stock; (ii) the shared power to vote 0 shares of Common Stock; (iii) the sole power to dispose of 1,795,381 shares of Common Stock; and (iv) the shared power to dispose of 0 shares of Common Stock.
 
 
 

 
 
 
 
Page 9 of 9
 
As of the date of this Amendment, Mr. Gray possesses: (i) the sole power to vote 322,923 shares of Common Stock, which includes 50,000 shares issuable upon exercise of currently exercisable options to purchase Common Stock held by Mr. Gray; (ii) the shared power to vote 0 shares of Common Stock; (iii) the sole power to dispose of 322,923 shares of Common Stock, which includes 50,000 shares issuable upon exercise of currently exercisable options to purchase Common Stock held by Mr. Gray; and (iv) the shared power to dispose of 0 shares of Common Stock.
 
(c)           Not applicable
 
(d)           Not applicable
 
(e)           Not applicable
 
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:   December 10, 2010
     
         
  /s/ Lawrence J. Cohen        
  Lawrence J. Cohen       
         
         
  /s/ Milton Neustadter        
  Milton Neustadter       
         
         
  /s/ Jay Chazanoff        
  Jay Chazanoff       
         
         
  /s/ Ron Jacobs        
  Ron Jacobs       
         
         
  /s/ Stephen Simms        
  Stephen Simms       
         
         
  /s/ Peter H. Gray        
  Peter H. Gray       
 

1 Year DVL (PK) Chart

1 Year DVL (PK) Chart

1 Month DVL (PK) Chart

1 Month DVL (PK) Chart