United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D/A
Under the Securities and Exchange Act of 1934
(Amendment No. 1)
American Residential Investment Trust, Inc.
(Name of Issuer)
Common Stock ($0.01)
Title of Class of Securities
02926T-10-3
(CUSIP Number)
Howard Amster, 23811 Chagrin Blvd., Suite 200
Beachwood, Ohio 44122-5525, (216) 595-1047
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
3/10/03
(Date of Event Which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report this 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 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 ("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).
1 Name of Reporting Person Howard Amster
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 615,700
Beneficially
Owned By Each 8 Shared Voting 15,600
Reporting Person
With 9 Sole Dispositive 615,700
10 Shared Dispositive 15,600
11 Aggregate Amount Beneficially owned 695,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 8.84 %
14 Type of Reporting Person IN
1 Name of Reporting Person Amster Limited Partnership
2 If a member group a) / /
c) /X/
3 SEC Use only
4 Source of Funds OO
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 3,600
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 3,600
11 Aggregate Amount Beneficially owned 3,600
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .04 %
14 Type of Reporting Person PN
1 Name of Reporting Person Amster Trading Company
2 If a member group a) / /
d) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 11,600
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 11,600
11 Aggregate Amount Beneficially owned 11,600
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .15 %
14 Type of Reporting Person CO
1 Name of Reporting Person Pleasant Lake Apts. Limited Partnership
2 If a member group a) / /
e) /X/
3 SEC Use only
4 Source of Funds OO
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 400
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 400
11 Aggregate Amount Beneficially owned 400
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) .00 %
14 Type of Reporting Person PN
1 Name of Reporting Person Ramat Securities Ltd.
2 If a member group a) / /
f) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 80,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 80,000
11 Aggregate Amount Beneficially owned 80,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 1.02 %
14 Type of Reporting Person BD
There are no changes to the Schedule 13D, as amended except
as set forth in this first amendment.
Item 2. Identity and Background
The Amster Trading Company Charitable Remainder Unitrusts are
no longer a reporting person due to their disposition of all shares of American
Residential Investment Trust, Inc. owned by the unitrusts.
The Howard M. Amster Charitable Remainder Unitrust is no longer
a reporting person due to its disposition of all shares of American
Residential Investment Trust, Inc. owned by the unitrust.
The Howard Amster and Tamra F. Gould Charitable Remainder Unitrust
is no longer a reporting person due to its disposition of all shares of
American Residential Investment Trust, Inc. owned by the unitrust.
Gould Trading Company and Tamra F. Gould are no longer
reporting persons due to the dissolution of her marriage to
Howard Amster.
Howard Amster is the general partner of Amster Limited Partnership
and as such can be deemed the beneficial owner of such entity and
may be deemed to have shared voting and dispositive power over
shares owned by Amster Limited Partnership.
Howard Amster is a 100% owner of Amster Trading Company and as
such can be deemed the beneficial owner of such entity and may be
deemed to have shared voting and dispositive power over shares
owned by Amster Trading Company.
Howard Amster is an 83 % owner of Ramat Securities Ltd. Mr. Amster
can be deemed a beneficial owner of any securities owned by Ramat
Securities Ltd., but because he does not control the voting or
dispositive power of any securities owned by Ramat Securities Ltd.,
Mr. Amster disclaims shared voting power and shared dispositive
power of those shares.
Amster Trading Company, 25812 Fairmount Blvd., Beachwood, Ohio 44122
Investments
d) Neither the officers, directors or shareholders of Amster Trading
Company have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or shareholders of Amster
Trading Company have been a party to any civil proceedings of
a judicial or administrative body or competent jurisdictions of
the type described in Item 2 of Schedule 13D within the last
five years.
a) Howard Amster
b) 23811 Chagrin Blvd. #200, Beachwood, Ohio 44122-5525
c) Present principal occupation- Principal, Ramat Securities Ltd.,
securities firm- 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525
d) Howard Amster has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) Howard Amster has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Item 4. Purpose of Transaction
This 13D amendment number one is filed because:
Amster Trading Company on 12/18/02 received trust distributions
in-kind of 11,600 shares of American Residential Investment
Trust, Inc. common shares from the Amster Trading Company
Charitable Remainder Unitrusts reducing the unitrust holdings
in American Residential Investment Trust, Inc. to zero. As a
result the unitrusts no longer is a reporting person.
Howard Amster on 12/18/02 received a trust distribution
in-kind of 900 shares of American Residential Investment
Trust, Inc. common shares from the Howard M Amster
Charitable Remainder Unitrust reducing the unitrust holdings
in American Residential Investment Trust, Inc. to zero. As a
result the unitrust no longer is a reporting person.
Howard Amster on 12/18/02 received a trust distribution
in-kind of 7,300 shares of American Residential Investment
Trust, Inc. common shares from the Howard Amster and
Tamra F. Gould Charitable Remainder Unitrust reducing the
unitrust holdings in American Residential Investment Trust, Inc.
to zero. As a result the unitrust no longer is a reporting person.
This amended 13D filing excludes the shares owned by Tamra F. Gould
and Gould Trading Company (100% owned corporation of Tamra F. Gould),
who are no longer members of this reporting group. Tamra F. Gould is no
longer the spouse of Howard Amster; and Mr. Amster disclaims
beneficial ownership of such shares.
Item 5. Interest in Securities of the Issuer
(a)(b) The aggregate amount owned by the Reporting Persons is
711,300 shares or 9.04 % of the outstanding shares.
Howard Amster in his name and individual retirement accounts
owns 615,700 shares or 7.83 % of the outstanding shares.
Amster Ltd. Partnership owns 3,600 shares or
..04 % of the outstanding shares.
Amster Trading Company owns 11,600 shares or .15 %
of the outstanding shares.
Pleasant Lake Apt. Ltd. Partnership owns 400 shares or
..00 % of the outstanding shares.
Ramat Securities Ltd. owns 80,000 shares or
1.02 % of the outstanding shares.
Signature After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
Date: March 10, 2003
Howard Amster
Amster Ltd. Partnership
By: Howard Amster
Title: General Partner
Amster Trading Company
By: Howard Amster
Title: President
Pleasant Lake Apt. Ltd. Partnership
By: Howard Amster, President
Pleasant Lake Apts. Corp.,
Title: General Partner
Ramat Securities Ltd.
By: David Zlatin
Title: Principal