Securities and Exchange Commission
Washington, D.C. 20549
Amendment No. 1
to
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Atlantic Liberty Financial Corp.
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(Name of Issuer)
Common Stock, $0.10 par value per share
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(Title of Class of Securities)
048668107
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(CUSIP Number)
Simeon Brinberg
60 Cutter Mill Road, Great Neck, New York 11021 516-466-3100
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to
report the acquisition that is the subject of this Schedule l3D, and is filing
this schedule because of Rule l3d-l(e), 13d-1 (f) or 13d-1(g), check the
following box / /.
Page 1 of 6 Pages
Page 2 of 6 Pages
Cusip No. 048668107
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l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BRT Realty Trust- 13-2755856________________________________
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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7. SOLE VOTING POWER - 133,950
NUMBER OF ____________________________________________
SHARES 8. SHARED VOTING POWER - -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER -133,950
EACH ____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER - -
PERSON WITH ____________________________________________
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 133,950
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12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.83%
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14. TYPE OF REPORTING PERSON* OO
Page 3 of 6 Pages
Cusip No. 048668107
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SASS/GOULD FINANCIAL
SECURITIES, LLC - 13-4118586
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2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)X
(b)
-----------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------
4. SOURCE OF FUNDS* WC
-----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER - 0
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER - -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 0
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
-----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0
-----------------------------------------------------------------
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
---------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
-----------------------------------------------------------------
14. TYPE OF REPORTING PERSON* OO
Page 4 of 6 Pages
This Amendment amends Schedule 13D dated April 2, 2003. Except as
amended, the statements contained in the Schedule 13D remain true and correct.
Item 5. Interest in Securities of the Issuer
(a) BRT owns 133,950 shares of Common Stock of the Company, constituting
approximately 7.83% of the 1,710,874 shares of Common Stock outstanding. There
has not been any change in BRT's ownership since it filed the Schedule 13D dated
April 2, 2003.
Sass/Gould, which owned 25,850 shares of Common Stock of the Company, has
disposed of all shares owned by it.
(b) BRT has sole voting and dispositive power with respect to the shares of
Common Stock it owns. Fredric H. Gould, Chairman of the Board of BRT, and
Jeffrey Gould, President and Chief Executive Officer of BRT, each have shared
voting and dispositive power with respect to the Common Shares owned by BRT.
Page 5 of 6 Pages
The following table sets forth the transactions in the Common Stock of the
Company effected by Gould/Sass sixty (60) days prior to the event requiring the
filing of this statement. All shares were sold in open market transactions.
DATE OF # OF PRICE
SALE SHARES PER SHARE
---- ------ ---------
12/10/2003 800 18.7000
12/12/2003 1,000 18.7200
12/12/2003 2,000 18.7000
12/12/2003 3,000 18.9500
12/16/2003 5,868 19.2100
01/08/2004 1,000 19.0000
01/09/2004 700 19.0000
01/12/2004 1,000 19.1000
01/13/2004 7,000 19.0000
01/14/2004 3,482 19.0000
Page 6 of 6 Pages
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 20, 2004
BRT REALTY TRUST
By s/Simeon Brinberg
--------------------
Simeon Brinberg
Senior Vice President
SASS/GOULD FINANCIAL SECURITIES, LLC
BY M.D. SASS INVESTORS SERVICES, INC.
MANAGING MEMBER
BY: s/Philip M. Sivin
Vice President
BRT REALTY TRUST
60 Cutter Mill Road, Suite 303
Great Neck, NY 11021
January 20, 2004
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Statement on Schedule 13D - Atlantic Liberty Financial Corp.
Gentlemen:
There is transmitted herewith Amendment No. 1 to Schedule 13D relating to shares
of common stock of Atlantic Liberty Financial Corp. The Schedule 13D is being
sent today to the Company at its principal executive offices by certified mail,
and to NASDAQ, in accordance with Rule 13d-7 of the rules promulgated under the
Securities Exchange Act of 1934.
Very truly yours,
BRT REALTY TRUST
By s/Simeon Brinberg
Senior Vice President
Enclosure