SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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) (Amendment No. ) Captec Net Lease Realty,Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 140724105 -------------------------------------------------------------------------------- (CUSIP Number) Allen B. Holeman, Bear, Stearns & Co. Inc. 115 South Jefferson Road, Whippany, NJ 07981 (973) 793-2202 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 16, 2001 -------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of Pages) ---------- (1) 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 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). (SC13D-07/98) CUSIP No. 140724105 13D Page of Pages -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Bear Stearns Companies Inc.** IRS # 13-3286161 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC, OO -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 477,075 ______________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 477,075 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 477,075 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [-] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.01% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bear, Stearns & Co. Inc.** IRS # 13-3299429 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC, OO -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 477,075 ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 477,075 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 477,075 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [-] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.01% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* BD -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 140724105 13D Page of Pages -------------------------------------------------------------------------------- Item 1. Security and Issuer. Common Stock Captec Net Lease Realty, Inc 24 Frank Lyold Wright Drive Ann Arbor, Michigan 48106 -------------------------------------------------------------------------------- Item 2. Identity and Background. (a)Name: Bear, Stearns & Co. Inc. ("Bear Stearns") (b)Place of Organization: Delaware (c)(i)Principal Business: Securities Broker/Dealer (ii) Address: 245 Park Avenue New York, NY 10167 (d)None (e)See Appendix II (f)See Appendix I -------------------------------------------------------------------------------- Item 3. Source and Amount of Funds or Other Consideration. The aggregate purchase price of the 477,075 shares of Common Stock was approximately $5,724,900.00. -------------------------------------------------------------------------------- Item 4. Purpose of Transaction. Bear Stearns has acquired the Common Stock of Captec Net Lease Realty, Inc. in the ordinary course of its business as a broker/dealer in connection with its trading and investment activities. Bear Stearns may acquire additional securities of the Issuer or dispose of securities of the Issuer in connection with such trading and investment activities. Although the foregoing represents the range of activities presently contemplated by Bear Stearns with respect to the Issuer, it should be noted that the possible activities of Bear Stearns are subject to change at any time. Except as set forth above, Bear Stearns has no present plans or intentions which relate to or would result in any of the actions described in subparagraph (a) through (j) of item 4 of Schedule 13D. -------------------------------------------------------------------------------- Item 5. Interest in Securities of the Issuer as of 8/16/2001. (a)Number: 477,075 Percentage: 5.01% (b)1.Sole power to vote or to direct the vote: 0 2.Shared power to vote or to direct the vote: 477,075 3.Sole power to dispose or to direct the disposition: 0 4.Shared power to dispose or to direct the disposition: 477,075 (c)Information concerning transactions in the common stock effected by Bear Stearns is set forth on Appendix III hereto. (d)Inapplicable. (e)Inapplicable. -------------------------------------------------------------------------------- Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None -------------------------------------------------------------------------------- Item 7. Material to be Filed as Exhibits. None -------------------------------------------------------------------------------- **Bear Stearns & Co. is a subsidiary of The Bear Stearns Companies Inc. 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. August 24, 2001 ---------------------------------------- (Date) /S/ ---------------------------------------- (Signature) Barry J. Cohen/Senior Managing Director ---------------------------------------- (Name/Title) APPENDIX I DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC. Name Principal Occupation or Employment James E. Cayne Chairman of the Board/Chief Executive Officer Chairman of the Management and Compensation Committee Alan D. Schwartz President and Co-Chief Operating Officer Warren J. Spector President and Co-Chief Operating Officer Alan C. Greenberg Chairman of the Executive Committee Bruce E. Geismar Chief Operations Officer Mark E. Lehman Executive Vice President/General Counsel Chief Legal Officer Michael Minikes Treasurer Samuel L. Molinaro Jr. Chief Financial Officer/Senior Vice President-Finance E. John Rosenwald Jr. Vice-Chairman of the Board Michael L. Tarnopol Vice-Chairman of the Board Kenneth L. Edlow Secretary Denis A. Bovin Director Peter D. Cherasia Director Ralph R. Cioffi Director Barry J. Cohen Director Wendy L. de Monchaux Director Daniel L. Keating Director John L. Knight Director David A. Liebowitz Director Richard R. Lindsey Director Bruce M. Lisman Director Roland N. Livney Director Jeffrey Mayer Director Fares D. Noujaim Director Craig M. Overlander Director Stephen E. Raphael Director Robert M. Steinberg Director Donald W. Tang Director Michael J. Urfirer Director Eli Wachtel Director Uzi Zucker Director John L. Knight's business address is One Canada Square London E16 5AD England. All other Directors and Executive Officers are citizens of the United States and their business address is 245 Park Avenue, New York, New York 10167. Bear Stearns & Co. Inc. is a wholly-owned subsidiary of the Bear Stearns Companies Inc. and of the persons named, all but John L. Knight hold similar office in the parent company. APPENDIX II Captec Net Lease Realty, Inc Trading from 06/18/01 through 08/16/2001 (Various Firm's Accounts) ***** 08/16 ***** 2,057 CAPTEC NET LEASE REALTY INC 12.3350 25,373.10 2,371 CAPTEC NET LEASE REALTY INC 12.3350 29,246.29 200 CAPTEC NET LEASE REALTY INC 12.3000 2,460.00 400 CAPTEC NET LEASE REALTY INC 12.3000 4,920.00 400 CAPTEC NET LEASE REALTY INC 12.3000 4,920.00 500 CAPTEC NET LEASE REALTY INC 12.2500 6,125.00 2,000 CAPTEC NET LEASE REALTY INC 12.3500 24,700.00 3,000 CAPTEC NET LEASE REALTY INC 12.3500 37,050.00 2,400 CAPTEC NET LEASE REALTY INC 12.3458 29,629.92 4,428- CAPTEC NET LEASE REALTY INC 12.3350 54,617.55- ***** 08/15 ***** 8,681 CAPTEC NET LEASE REALTY INC 12.2714 106,528.02 6,164 CAPTEC NET LEASE REALTY INC 12.2714 75,640.91 100 CAPTEC NET LEASE REALTY INC 12.2500 1,225.00 100 CAPTEC NET LEASE REALTY INC 12.3500 1,235.00 100 CAPTEC NET LEASE REALTY INC 12.3500 1,235.00 400 CAPTEC NET LEASE REALTY INC 12.2500 4,900.00 500 CAPTEC NET LEASE REALTY INC 12.3000 6,150.00 500 CAPTEC NET LEASE REALTY INC 12.2500 6,125.00 600 CAPTEC NET LEASE REALTY INC 12.2500 7,350.00 700 CAPTEC NET LEASE REALTY INC 12.3000 8,610.00 800 CAPTEC NET LEASE REALTY INC 12.3000 9,840.00 1,000 CAPTEC NET LEASE REALTY INC 12.2500 12,250.00 1,000 CAPTEC NET LEASE REALTY INC 12.2500 12,250.00 1,000 CAPTEC NET LEASE REALTY INC 12.2500 12,250.00 1,000 CAPTEC NET LEASE REALTY INC 12.2500 12,250.00 1,100 CAPTEC NET LEASE REALTY INC 12.3000 13,530.00 1,200 CAPTEC NET LEASE REALTY INC 12.2500 14,700.00 1,500 CAPTEC NET LEASE REALTY INC 12.2500 18,375.00 1,700 CAPTEC NET LEASE REALTY INC 12.2500 20,825.00 2,400 CAPTEC NET LEASE REALTY INC 12.3500 29,640.00 3,500 CAPTEC NET LEASE REALTY INC 12.2500 42,875.00 300 CAPTEC NET LEASE REALTY INC 12.2600 3,678.00 14,845- CAPTEC NET LEASE REALTY INC 12.2714 182,162.84- ***** 08/14 ***** 400 CAPTEC NET LEASE REALTY INC 12.3000 4,920.00 500 CAPTEC NET LEASE REALTY INC 12.3000 6,150.00 2,500 CAPTEC NET LEASE REALTY INC 12.3000 30,750.00 ***** 08/10 ***** 100 CAPTEC NET LEASE REALTY INC 12.2700 1,227.00 ***** 08/09 ***** 500 CAPTEC NET LEASE REALTY INC 12.1500 6,075.00 ***** 08/02 ***** 500 CAPTEC NET LEASE REALTY INC 12.0500 6,025.00 ***** 08/01 ***** 100 CAPTEC NET LEASE REALTY INC 12.1000 1,210.00 ***** 07/31 ***** 3,300 CAPTEC NET LEASE REALTY INC 12.1738 40,173.54 4,300 CAPTEC NET LEASE REALTY INC 12.1738 52,347.34 100 CAPTEC NET LEASE REALTY INC 12.2000 1,220.00 100 CAPTEC NET LEASE REALTY INC 12.2000 1,220.00 100 CAPTEC NET LEASE REALTY INC 12.2000 1,220.00 100 CAPTEC NET LEASE REALTY INC 12.2400 1,224.00 100 CAPTEC NET LEASE REALTY INC 12.2500 1,225.00 500 CAPTEC NET LEASE REALTY INC 12.2000 6,100.00 800 CAPTEC NET LEASE REALTY INC 12.2000 9,760.00 800 CAPTEC NET LEASE REALTY INC 12.2500 9,800.00 2,200 CAPTEC NET LEASE REALTY INC 12.3000 27,060.00 5,000 CAPTEC NET LEASE REALTY INC 12 60,000.00 400 CAPTEC NET LEASE REALTY INC 12.1500 4,860.00 400 CAPTEC NET LEASE REALTY INC 12.2800 4,912.00 600 CAPTEC NET LEASE REALTY INC 12.2800 7,368.00 900 CAPTEC NET LEASE REALTY INC 12.2800 11,052.00 1,000 CAPTEC NET LEASE REALTY INC 12.1500 12,150.00 2,000 CAPTEC NET LEASE REALTY INC 12.3000 24,600.00 700 CAPTEC NET LEASE REALTY INC 12.2500 8,575.00 7,600- CAPTEC NET LEASE REALTY INC 12.1738 92,517.79- ***** 07/30 ***** 1,260 CAPTEC NET LEASE REALTY INC 12.0773 15,217.40 1,620 CAPTEC NET LEASE REALTY INC 12.0773 19,565.23 100 CAPTEC NET LEASE REALTY INC 12.1600 1,216.00 300 CAPTEC NET LEASE REALTY INC 12.0500 3,615.00 900 CAPTEC NET LEASE REALTY INC 12.1500 10,935.00 1,200 CAPTEC NET LEASE REALTY INC 12.1000 14,520.00 1,400 CAPTEC NET LEASE REALTY INC 12.0500 16,870.00 2,000 CAPTEC NET LEASE REALTY INC 12.0500 24,100.00 2,880- CAPTEC NET LEASE REALTY INC 12.0773 34,781.45- ***** 07/27 ***** 2,100 CAPTEC NET LEASE REALTY INC 12.0812 25,370.52 2,700 CAPTEC NET LEASE REALTY INC 12.0812 32,619.24 100 CAPTEC NET LEASE REALTY INC 12.0900 1,209.00 100 CAPTEC NET LEASE REALTY INC 11.9900 1,199.00 100 CAPTEC NET LEASE REALTY INC 11.9900 1,199.00 100 CAPTEC NET LEASE REALTY INC 12.0500 1,205.00 700 CAPTEC NET LEASE REALTY INC 12.1100 8,477.00 5,000 CAPTEC NET LEASE REALTY INC 12.0900 60,450.00 3,900 CAPTEC NET LEASE REALTY INC 12.0700 47,073.00 4,800- CAPTEC NET LEASE REALTY INC 12.0812 57,987.82- ***** 07/26 ***** 2,518 CAPTEC NET LEASE REALTY INC 11.9528 30,097.15 3,211 CAPTEC NET LEASE REALTY INC 11.9528 38,380.44 100 CAPTEC NET LEASE REALTY INC 11.9400 1,194.00 1,000 CAPTEC NET LEASE REALTY INC 12 12,000.00 2,400 CAPTEC NET LEASE REALTY INC 11.9000 28,560.00 5,000 CAPTEC NET LEASE REALTY INC 11.9500 59,750.00 2,000 CAPTEC NET LEASE REALTY INC 12 24,000.00 5,729- CAPTEC NET LEASE REALTY INC 11.9528 68,475.30- ***** 07/25 ***** 12,695 CAPTEC NET LEASE REALTY INC 11.8670 150,651.57 100 CAPTEC NET LEASE REALTY INC 11.7700 1,177.00 100 CAPTEC NET LEASE REALTY INC 11.8000 1,180.00 700 CAPTEC NET LEASE REALTY INC 11.9000 8,330.00 800 CAPTEC NET LEASE REALTY INC 11.8800 9,504.00 1,000 CAPTEC NET LEASE REALTY INC 11.8500 11,850.00 1,000 CAPTEC NET LEASE REALTY INC 11.9300 11,930.00 1,300 CAPTEC NET LEASE REALTY INC 12 15,600.00 1,500 CAPTEC NET LEASE REALTY INC 11.9000 17,850.00 1,500 CAPTEC NET LEASE REALTY INC 11.8500 17,775.00 2,000 CAPTEC NET LEASE REALTY INC 11.9500 23,900.00 2,000 CAPTEC NET LEASE REALTY INC 12.0400 24,080.00 3,000 CAPTEC NET LEASE REALTY INC 11.8400 35,520.00 3,000 CAPTEC NET LEASE REALTY INC 11.8400 35,520.00 1,000 CAPTEC NET LEASE REALTY INC 11.8000 11,800.00 1,000 CAPTEC NET LEASE REALTY INC 11.8000 11,800.00 1,000 CAPTEC NET LEASE REALTY INC 11.9000 11,900.00 2,000 CAPTEC NET LEASE REALTY INC 12 24,000.00 4,000 CAPTEC NET LEASE REALTY INC 11.8100 47,240.00 4,900 CAPTEC NET LEASE REALTY INC 11.8100 57,869.00 10,116 CAPTEC NET LEASE REALTY INC 11.8670 120,046.57 5,000 CAPTEC NET LEASE REALTY INC 11.8100 59,050.00 22,811- CAPTEC NET LEASE REALTY INC 11.8670 270,689.10- ***** 07/24 ***** 100 CAPTEC NET LEASE REALTY INC 11.8000 1,180.00 ***** 07/23 ***** 100 CAPTEC NET LEASE REALTY INC 12 1,200.00 300 CAPTEC NET LEASE REALTY INC 12 3,600.00 4,900 CAPTEC NET LEASE REALTY INC 12 58,800.00 ***** 07/20 ***** 6,300 CAPTEC NET LEASE REALTY INC 11.9350 75,190.50 8,100 CAPTEC NET LEASE REALTY INC 11.9350 96,673.50 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 500 CAPTEC NET LEASE REALTY INC 11.9500 5,975.00 800 CAPTEC NET LEASE REALTY INC 11.9200 9,536.00 1,000 CAPTEC NET LEASE REALTY INC 11.9500 11,950.00 1,300 CAPTEC NET LEASE REALTY INC 11.8700 15,431.00 2,000 CAPTEC NET LEASE REALTY INC 11.9500 23,900.00 2,000 CAPTEC NET LEASE REALTY INC 11.9500 23,900.00 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 400 CAPTEC NET LEASE REALTY INC 11.9300 4,772.00 1,000 CAPTEC NET LEASE REALTY INC 11.9000 11,900.00 3,100 CAPTEC NET LEASE REALTY INC 11.9500 37,045.00 5,000 CAPTEC NET LEASE REALTY INC 11.9300 59,650.00 5,000 CAPTEC NET LEASE REALTY INC 11.9300 59,650.00 5,000 CAPTEC NET LEASE REALTY INC 11.9300 59,650.00 5,000 CAPTEC NET LEASE REALTY INC 11.9500 59,750.00 200- CAPTEC NET LEASE REALTY INC 11.9000 2,379.92- 300- CAPTEC NET LEASE REALTY INC 11.9200 3,576.00- 500- CAPTEC NET LEASE REALTY INC 11.9200 5,959.80- 14,400- CAPTEC NET LEASE REALTY INC 11.9350 171,858.26- ***** 07/19 ***** 3,000 CAPTEC NET LEASE REALTY INC 11.9600 35,880.00 4,000 CAPTEC NET LEASE REALTY INC 11.9600 47,840.00 100 CAPTEC NET LEASE REALTY INC 11.8300 1,183.00 100 CAPTEC NET LEASE REALTY INC 11.8300 1,183.00 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 100 CAPTEC NET LEASE REALTY INC 12 1,200.00 ***** 07/19 ***** 200 CAPTEC NET LEASE REALTY INC 11.9500 2,390.00 400 CAPTEC NET LEASE REALTY INC 11.9500 4,780.00 600 CAPTEC NET LEASE REALTY INC 11.9600 7,176.00 700 CAPTEC NET LEASE REALTY INC 11.9500 8,365.00 900 CAPTEC NET LEASE REALTY INC 12 10,800.00 1,000 CAPTEC NET LEASE REALTY INC 11.8300 11,830.00 1,000 CAPTEC NET LEASE REALTY INC 11.9500 11,950.00 1,000 CAPTEC NET LEASE REALTY INC 12 12,000.00 2,000 CAPTEC NET LEASE REALTY INC 11.9000 23,800.00 5,000 CAPTEC NET LEASE REALTY INC 12 60,000.00 500 CAPTEC NET LEASE REALTY INC 12 6,000.00 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 500 CAPTEC NET LEASE REALTY INC 11.9000 5,950.00 7,000- CAPTEC NET LEASE REALTY INC 11.9600 83,717.20- ***** 07/17 ***** 500- CAPTEC NET LEASE REALTY INC 11.9400 5,969.80- 1,000- CAPTEC NET LEASE REALTY INC 11.9400 11,939.60- ***** 07/16 ***** 300 CAPTEC NET LEASE REALTY INC 11.9600 3,588.00 500 CAPTEC NET LEASE REALTY INC 11.9000 5,950.00 ***** 07/13 ***** 100 CAPTEC NET LEASE REALTY INC 11.7500 1,175.00 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 500 CAPTEC NET LEASE REALTY INC 11.7500 5,875.00 1,000 CAPTEC NET LEASE REALTY INC 11.7500 11,750.00 ***** 07/12 ***** 100 CAPTEC NET LEASE REALTY INC 11.8500 1,185.00 100 CAPTEC NET LEASE REALTY INC 11.8000 1,180.00 100 CAPTEC NET LEASE REALTY INC 11.7000 1,170.00 900 CAPTEC NET LEASE REALTY INC 11.8500 10,665.00 1,100 CAPTEC NET LEASE REALTY INC 11.7500 12,925.00 300 CAPTEC NET LEASE REALTY INC 11.8000 3,540.00 800 CAPTEC NET LEASE REALTY INC 11.7500 9,400.00 ***** 07/11 ***** 100 CAPTEC NET LEASE REALTY INC 11.8000 1,180.00 800 CAPTEC NET LEASE REALTY INC 11.8000 9,440.00 400 CAPTEC NET LEASE REALTY INC 11.7900 4,716.00 500 CAPTEC NET LEASE REALTY INC 11.7000 5,850.00 ***** 07/10 ***** 1,600 CAPTEC NET LEASE REALTY INC 11.8755 19,000.80 2,000 CAPTEC NET LEASE REALTY INC 11.8766 23,753.20 100 CAPTEC NET LEASE REALTY INC 11.9100 1,191.00 100 CAPTEC NET LEASE REALTY INC 11.9300 1,193.00 100 CAPTEC NET LEASE REALTY INC 11.9300 1,193.00 100 CAPTEC NET LEASE REALTY INC 11.9400 1,194.00 100 CAPTEC NET LEASE REALTY INC 11.9000 1,190.00 500 CAPTEC NET LEASE REALTY INC 11.8800 5,940.00 600 CAPTEC NET LEASE REALTY INC 11.8100 7,086.00 600 CAPTEC NET LEASE REALTY INC 11.8300 7,098.00 1,000 CAPTEC NET LEASE REALTY INC 11.8300 11,830.00 1,500 CAPTEC NET LEASE REALTY INC 12 18,000.00 400 CAPTEC NET LEASE REALTY INC 11.8300 4,732.00 1,000 CAPTEC NET LEASE REALTY INC 11.8000 11,800.00 1,600- CAPTEC NET LEASE REALTY INC 11.8755 19,000.16- 2,000- CAPTEC NET LEASE REALTY INC 11.8766 23,752.40- ***** 07/09 ***** 300,000 CAPTEC NET LEASE REALTY INC 12.3300 3,699,000.00 ***** 07/06 ***** 1 CAPTEC NET LEASE REALTY INC 12.3900 12.39 1,474 CAPTEC NET LEASE REALTY INC 12.4000 18,277.60 Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).