SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(RULE 13d - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND
(d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. )*
Reckson Associates Realty Corp.
(Name of Issuer)
Common Stock - Class B
(Title of Class of Securities)
75621K304
(CUSIP Number)
Michael Katz, Esq., 2 American Lane, Greenwich, Connecticut 06836-2571,
Tel:(203)862-8000
Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 31, 2000
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 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).
(Continued on the Following Pages)
(Page 1 of 11 Pages)
Page 11 of 11
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Paloma International L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
296,200
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
296,200
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
296,200
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
12. TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
S. Donald Sussman
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
296,200
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
296,200
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
296,200
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Amaranth L.L.C.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
296,600
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
296,600
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
296,600
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
12. TYPE OF REPORTING PERSON*
OO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Nicholas M. Maounis
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
296,600
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
296,600
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
296,600
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1(a). Name of Issuer:
Reckson Associates Realty Corp. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
225 Broadhollow Road
Melville, New York 11747
Item 2(a). Name of Persons Filing:
The names of the persons filing this statement on Schedule 13G are: Paloma
International L.P., a Delaware limited partnership ("Paloma"), S. Donald
Sussman, Amaranth L.L.C., a Delaware limited liability company ("Amaranth"), and
Nicholas M. Maounis (collectively, the "Reporting Persons").
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business address for Paloma, Mr. Sussman, Amaranth and Mr.
Maounis is 2 American Lane, Greenwich, Connecticut 06836-2571.
Item 2(c). Citizenship:
Paloma is a Delaware limited partnership, Mr. Sussman is a citizen of
the United States, Amaranth is a Delaware limited liability company and Mr.
Maounis is a citizen of the United States.
Item 2(d). Title of Class of Securities
Common Stock - Class B ("Common Stock").
Item 2(e). CUSIP Number: 75621K304
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
(a) [x] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)
(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the
definition of an investment company under Section
3(c)(14) of the Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box [ ]
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
The Reporting Persons beneficially own an aggregate of 592,800
shares of Common Stock.
(b) Percent of class:
Each of Paloma's and S. Donald Sussman's beneficial ownership
of 296,200 shares of Common Stock constitutes 2.9% of all of
the outstanding shares of Common Stock.
Each of Amaranth's and Nicholas M. Maounis' beneficial
ownership of 296,600 shares of Common Stock constitutes 2.9%
of all of the outstanding shares of Common Stock.
Together, the Reporting Persons have beneficial ownership of
an aggregate of 5.8% of all of the outstanding shares of
Common Stock.
S. Donald Sussman and Nicholas M. Maounis each expressly
disclaims equitable ownership of and any pecuniary interest in
any of the Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
Each of Paloma and S. Donald Sussman has the sole power to
vote or direct the vote of 296,200 shares of Common Stock.
Each of Amaranth and Nicholas M. Maounis has the sole power to
vote or direct the vote of 296,600 shares of Common Stock.
(ii) Shared power to vote or to direct the vote
Not applicable.
(iii) Sole power to dispose or to direct the disposition of
Each of Paloma and S. Donald Sussman has the sole power to
dispose or direct the disposition of 296,200 shares of Common
Stock.
Each of Amaranth and Nicholas M. Maounis has the sole power to
dispose or direct the disposition of 296,600 shares of Common
Stock.
(iv) Shared power to dispose or to direct the disposition of
Not applicable.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the Reporting Persons have ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ ].
Item 6. Ownership of More than Five Percent on Behalf of Anther Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Paloma owns all 296,200 of its shares of Common Stock through its
subsidiary Paloma Securities L.L.C., a Delaware limited liability company.
Amaranth owns all 296,600 of its shares of Common Stock through its subsidiary
Amaranth Securities L.L.C., a Delaware limited liability company. Paloma
Securities L.L.C. and Amaranth Securities L.L.C. are both registered as
Broker/Dealers under Section 15 of the Exchange Act.
Item 8. Identification and Classification of Members of the Group.
See Exhibit B attached hereto.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information with respect to it set
forth in this statement is true, complete, and correct.
Dated: February 6, 2001
PALOMA INTERNATIONAL L.P.
By: Latitude L.L.C., as general partner
By: /s/ Michael J. Berner
---------------------
Michael J. Berner,
Vice President
/s/ S. Donald Sussman
-------------------------------------------
S. Donald Sussman
AMARANTH L.L.C.
By: Amaranth Advisors L.L.C., as Managing Member
By: /s/ Michael J. Berner
---------------------
Michael J. Berner,
Vice President
/s/ Nicholas M. Maounis
-------------------------------------------
Nicholas M. Maounis
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Reckson Associates Realty Corp. dated February 6,
2001 is, and any further amendments thereto signed by each of the undersigned
shall be, filed on behalf of each of the undersigned pursuant to and in
accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.
Dated: February 6, 2001
PALOMA INTERNATIONAL L.P.
By: Latitude L.L.C., as general partner
By: /s/ Michael J. Berner
---------------------
Michael J. Berner,
Vice President
/s/ S. Donald Sussman
-------------------------------------------
S. Donald Sussman
AMARANTH L.L.C.
By: Amaranth Advisors L.L.C., as Managing Member
By: /s/ Michael J. Berner
---------------------
Michael J. Berner,
Vice President
/s/ Nicholas M. Maounis
-------------------------------------------
Nicholas M. Maounis
EXHIBIT B
IDENTIFICATION OF MEMBERS OF THE GROUP
Paloma International L.P.
S. Donald Sussman
Amaranth L.L.C.
Nicholas M. Maounis