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. )(1)
Captec Net Lease Realty Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
140724105
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(CUSIP Number)
Allen B. Holeman, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 793-2202
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 12, 2001
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(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)
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(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
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Bear Stearns Companies Inc.**
IRS # 13-3286161
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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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
Delaware
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0%
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14 TYPE OF REPORTING PERSON*
HC
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*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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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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) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
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%
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14 TYPE OF REPORTING PERSON*
BD
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 140724105 13D Page of Pages
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Page 3
Schedule 13D Amendment No. 1
This statement constitutes Amendment No. 1 to the statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission by Bear,
Stearns & Co. Inc. ("Bear Stearns") with respect to its ownership of the Common
Stock of Captec Net Lease Realty, Inc. (the "Issuer").
Item 3: Source and Amount of Funds or Other Consideration
Not applicable
Item 5: Interest in Securities of the Issuer (as of 12/12/01)
(a) The responses of Bear Stearns to Rows (11) through (13) of the
cover page of this Amendment No. 1 to Schedule 13D are
incorporated herein by reference. To the best of Bear Stearns'
knowledge, none of its executive officers or directors
beneficially own any Common Stock of the Issuer.
(b) The responses of Bear Stearns to Rows (7) through (10) of the
cover page of this Amendment No. 1 to Schedule 13D are
incorporated herein by reference.
(c) Since the date of its initial filing on Schedule 13D, Bear
Stearns has effected transactions in the Common Stock of the
Issuer. Information concerning transactions in the Common Stock
effected by Bear Stearns is set forth on Appendix I.
(d) Not Applicable.
(e) As of December 12, 2001, Bear Stearns ceased to be the
beneficial owner of more than five percent of Captec Net Lease
Realty, Inc. Common Stock since the date of its original
filings.
Page 4
**Bear Stearns & Co. is a subsidiary of The Bear Stearns Companies Inc.
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.
December 14, 2001
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(Date)
/S/
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(Signature)
Barry J. Cohen/Senior Managing Director
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(Name/Title)
APPENDIX I
Captec Net Lease Realty, Inc.
Trading from 10/14/01 through 12/12/01
(Various Firm Accounts)
***** 12/12 *****
97,044- CAPTEC NET LEASE REALTY INC MER OA .00
50,566- CAPTEC NET LEASE REALTY INC MER OA .00
43,431- CAPTEC NET LEASE REALTY INC MER OA .00
300,000- CAPTEC NET LEASE REALTY INC MER OA .00
***** 11/29 *****
13,000 CAPTEC NET LEASE REALTY INC 12.3600 160,680.00
3,000- CAPTEC NET LEASE REALTY INC 12.4000 37,198.76-
5,000- CAPTEC NET LEASE REALTY INC 12.4000 61,997.93-
5,000- CAPTEC NET LEASE REALTY INC 12.4000 61,997.93-
***** 11/23 *****
626 CAPTEC NET LEASE REALTY INC 12.3500 7,731.10
100- CAPTEC NET LEASE REALTY INC 12.3500 1,234.95-
526- CAPTEC NET LEASE REALTY INC 12.3500 6,495.88-
***** 11/19 *****
300,000 CAPTEC NET LEASE REALTY INC 12.1500 3,645,000.00
***** 11/16 *****
9,900 CAPTEC NET LEASE REALTY INC 12.3140 121,908.60
300- CAPTEC NET LEASE REALTY INC 12.2000 3,659.87-
300- CAPTEC NET LEASE REALTY INC 12.2800 3,683.87-
500- CAPTEC NET LEASE REALTY INC 12.4400 6,219.79-
500- CAPTEC NET LEASE REALTY INC 12.2600 6,129.79-
2,000- CAPTEC NET LEASE REALTY INC 12.4500 24,899.17-
2,000- CAPTEC NET LEASE REALTY INC 12.4300 24,859.17-
2,000- CAPTEC NET LEASE REALTY INC 12.3500 24,699.17-
2,000- CAPTEC NET LEASE REALTY INC 12.2500 24,499.18-
5,000- CAPTEC NET LEASE REALTY INC 12.2700 61,347.95-
5,000- CAPTEC NET LEASE REALTY INC 12.2700 61,347.95-
5,000- CAPTEC NET LEASE REALTY INC 12.3140 61,567.94-
4,900- CAPTEC NET LEASE REALTY INC 12.3140 60,336.58-
***** 11/15 *****
100 CAPTEC NET LEASE REALTY INC 12.3500 1,235.00
100 CAPTEC NET LEASE REALTY INC 12.3500 1,235.00
1,000 CAPTEC NET LEASE REALTY INC 12.3300 12,330.00
3,000 CAPTEC NET LEASE REALTY INC 12.3500 37,050.00
500 CAPTEC NET LEASE REALTY INC 12.4200 6,210.00
500 CAPTEC NET LEASE REALTY INC 12.4200 6,210.00
500 CAPTEC NET LEASE REALTY INC 12.4000 6,200.00
500 CAPTEC NET LEASE REALTY INC 12.4200 6,210.00
500 CAPTEC NET LEASE REALTY INC 12.4000 6,200.00
500 CAPTEC NET LEASE REALTY INC 12.3000 6,150.00
500 CAPTEC NET LEASE REALTY INC 12.3000 6,150.00
400- CAPTEC NET LEASE REALTY INC 12.4200 4,967.83-
500- CAPTEC NET LEASE REALTY INC 12.4200 6,209.79-
5,900- CAPTEC NET LEASE REALTY INC 12.4100 73,216.55-
***** 11/02 *****
100 CAPTEC NET LEASE REALTY INC 12.1500 1,215.00
100 CAPTEC NET LEASE REALTY INC 12.1500 1,215.00
100 CAPTEC NET LEASE REALTY INC 12.1500 1,215.00
100 CAPTEC NET LEASE REALTY INC 12.1500 1,215.00
200 CAPTEC NET LEASE REALTY INC 12.1000 2,420.00
300 CAPTEC NET LEASE REALTY INC 12.1000 3,630.00
400 CAPTEC NET LEASE REALTY INC 12.1300 4,852.00
1,900 CAPTEC NET LEASE REALTY INC 12.1500 23,085.00
4,439- CAPTEC NET LEASE REALTY INC 12.1500 53,932.05-
***** 11/01 *****
100 CAPTEC NET LEASE REALTY INC 11.9500 1,195.00
100 CAPTEC NET LEASE REALTY INC 12 1,200.00
1,000 CAPTEC NET LEASE REALTY INC 11.9500 11,950.00
1,000 CAPTEC NET LEASE REALTY INC 11.9500 11,950.00
1,000 CAPTEC NET LEASE REALTY INC 11.9500 11,950.00
2,000 CAPTEC NET LEASE REALTY INC 11.9500 23,900.00
1,000 CAPTEC NET LEASE REALTY INC 11.7000 11,700.00
4,900 CAPTEC NET LEASE REALTY INC 11.9500 58,555.00
5,465- CAPTEC NET LEASE REALTY INC 12.1500 66,397.51-
10,930- CAPTEC NET LEASE REALTY INC 12.1750 133,068.25-
***** 10/17 *****
200- CAPTEC NET LEASE REALTY INC 12.1300 2,425.91-
***** 10/15 *****
600- CAPTEC NET LEASE REALTY INC 12.1700 7,301.75-
100- CAPTEC NET LEASE REALTY INC 12.2000 1,219.95-
3,000- CAPTEC NET LEASE REALTY INC 12.2000 36,598.78-
4,000- CAPTEC NET LEASE REALTY INC 12.1000 48,398.38-
Attention. Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001).