1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Brooke Group Ltd.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
112525 10 0
(CUSIP Number)
Richard S. Ressler
c/o Orchard Capital Corporation
1999 Avenue of the Stars
Los Angeles, California 90067
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 24, 1996
(Date of Event which Requires Filing of this Statement)
If a 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 Rule 13d-1(b)(3) or (4), check the
following box [ ].
Check the following box if a fee is being paid with this statement [X]. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
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 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).
2
- --------------------
CUSIP NO. 112525 10 0
- --------------------
- ------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard S. Ressler
- ------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ------------------------------------------------------------
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
- ------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 1,812,999 shares
SHARES ----------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY -0-
EACH ----------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 1,812,999 shares
WITH ----------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,812,999 shares
- ------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- ------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
____________________________________________________________
3
Item 1. Security and Issuer.
This statement relates to shares of the Common Stock of Brooke
Group Ltd. ("Brooke"). The principal executive offices of Brooke are
located at 100 S.E. Second Street, Miami, Florida 33131.
Item 2. Identity and Background.
(a) Richard S. Ressler.
(b) c/o Orchard Capital Corporation, 1999 Avenue of the Stars,
Los Angeles, California 90067.
(c) President of Orchard Capital Corporation.
(d)-(e) During the last five years, Mr. Ressler has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) and has not been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction which resulted in his
being subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating, activities subject to, federal
or state securities laws or finding any violations with respect to such
laws.
Item 3. Source and Amount of Funds or Other Consideration.
Since May 1, 1996, the number of shares beneficially owned by
Mr. Ressler decreased by 187,000 as a result of sales for cash in brokers'
transactions. The attached Schedule A sets forth such sales.
Item 4. Purpose of Transaction.
The shares were originally acquired in connection with Mr.
Ressler's employment by Brooke prior to January 1, 1994 or for investment
purposes. Mr. Ressler continuously reviews his investments in various
companies. Depending upon his investment objectives, future evaluations of
the business prospects of Brooke and upon other developments, including but
not limited to general economic and business conditions and money market
and stock market conditions, Mr. Ressler may determine to increase or
decrease his equity ownership in Brooke by acquiring or disposing shares of
Common Stock in the future.
4
Item 5. Interest in Securities of the Company.
(a)-(b) As of July 24, 1996, Mr. Ressler may be deemed to be
the beneficial owner of 1,812,999 shares of Common Stock of Brooke, which
represents 9.9% of such class.
(c) From May 1, 1996 to July 24, 1996, Mr. Ressler sold
187,000 shares of Common Stock of Brooke in brokers' transactions.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the
Company.
None.
Item 7. Material to be Filed as Exhibits.
None.
This statement speaks as of its date, and no inference should
be drawn that no change has occurred in the facts set forth herein after
the date hereof.
5
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.
By: /s/ Richard S. Ressler
Date: July 24, 1996
6
SCHEDULE A
Number of
Date Shares Sold Price
05/01/96 1,000 $5.87
05/01/96 1,000 6.12
05/01/96 1,000 5.75
05/01/96 3,000 5.62
05/02/96 1,000 6.37
05/02/96 3,000 6.25
05/03/96 1,000 6.00
05/03/96 1,000 6.37
05/03/96 2,400 6.12
05/03/96 1,600 6.25
05/03/96 3,000 5.87
05/03/96 2,000 6.37
05/06/96 5,000 6.12
05/07/96 2,000 6.12
05/07/96 1,000 6.12
05/07/96 2,000 6.25
05/08/96 1,000 6.25
05/08/96 6,000 6.25
05/08/96 3,000 6.12
05/09/96 10,000 6.25
05/10/96 8,000 6.12
05/13/96 7,000 6.25
05/14/96 300 6.00
05/14/96 700 6.12
05/14/96 5,000 6.12
05/14/96 2,000 6.25
05/15/96 6,000 5.87
05/15/96 2,000 5.75
05/16/96 6,000 5.50
05/17/96 7,000 5.62
05/17/96 1,000 5.50
05/20/96 1,300 5.62
05/20/96 1,000 5.87
05/20/96 9,700 5.75
05/21/96 2,000 5.75
05/21/96 2,000 5.62
05/22/96 4,000 6.00
05/23/96 13,000 6.75
05/23/96 2,000 7.12
05/24/96 3,000 6.37
05/24/96 2,000 6.62
05/24/96 4,000 6.50
05/24/96 2,000 7.00
05/24/96 3,000 7.12
05/28/96 8,000 6.50
7
05/30/96 2,000 6.25
05/30/96 6,000 6.37
05/30/96 4,000 6.00
05/31/96 4,000 6.25
05/31/96 6,000 6.12
06/11/96 2,000 7.12
06/11/96 1,300 7.25
07/19/96 5,000 5.75
07/23/96 3,000 5.87
07/24/96 1,700 5.50
Total 187,000