UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. N/A)

 

 

 

Apartment Investment and Management Company
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
03748R754
(CUSIP Number)

Joseph G. Beard

2550 Pacific Ave, Suite 1600

Dallas, Texas 75226

(214) 515-7000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 9, 2022
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 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).

 

 

 


CUSIP No. 03748R754    SCHEDULE 13D    Page 2 of 18 Pages

 

  1    

  NAME OF REPORTING PERSON

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

  Westdale Investments LP

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (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

 

  Texas

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  SOLE VOTING POWER

 

  -0-

     8  

  SHARED VOTING POWER

 

  7,732,295

     9  

  SOLE DISPOSITIVE POWER

 

  -0-

   10  

  SHARED DISPOSITIVE POWER

 

  7,732,295

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,732,295

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  5.08%

14  

  TYPE OF REPORTING PERSON

 

  PN


CUSIP No. 03748R754    SCHEDULE 13D    Page 3 of 18 Pages

 

  1    

  NAME OF REPORTING PERSON

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

  JGB Ventures I, Ltd.

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (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

 

  Texas

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  SOLE VOTING POWER

 

  -0-

     8  

  SHARED VOTING POWER

 

  7,732,295

     9  

  SOLE DISPOSITIVE POWER

 

  -0-

   10  

  SHARED DISPOSITIVE POWER

 

  7,732,295

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,732,295

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  5.08%

14  

  TYPE OF REPORTING PERSON

 

  PN


CUSIP No. 03748R754    SCHEDULE 13D    Page 4 of 18 Pages

 

  1    

  NAME OF REPORTING PERSON

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

  JGB Holdings, Inc.

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (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

 

  Texas

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  SOLE VOTING POWER

 

  -0-

     8  

  SHARED VOTING POWER

 

  7,732,295

     9  

  SOLE DISPOSITIVE POWER

 

  -0-

   10  

  SHARED DISPOSITIVE POWER

 

  7,732,295

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,732,295

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  5.08%

14  

  TYPE OF REPORTING PERSON

 

  CO


CUSIP No. 03748R754    SCHEDULE 13D    Page 5 of 18 Pages

 

  1    

  NAME OF REPORTING PERSON

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

  Joseph Beard

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (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

 

  Texas

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  SOLE VOTING POWER

 

  -0-

     8  

  SHARED VOTING POWER

 

  7,732,295

     9  

  SOLE DISPOSITIVE POWER

 

  -0-

   10  

  SHARED DISPOSITIVE POWER

 

  7,732,295

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,732,295

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  5.08%

14  

  TYPE OF REPORTING PERSON

 

  IN


CUSIP No. 03748R754    SCHEDULE 13D    Page 6 of 18 Pages

 

Item 1. Security and Issuer.

 

  (a)

Name of Issuer: Apartment Investment and Management Company

 

  (b)

Address of Issuer’s Principal Executive Offices:

4582 South Ulster Street

Suite 1100

Denver, Co, 80237

 

  (c)

Title and Class of Securities: Class A Common Stock

 

  (d)

CUSIP Number: 03748R754

Item 2. Identity and Background.

 

  (a)

Name of Persons Filing: This Schedule 13D is being filed jointly by :

 

  (i)

Westdale Investments LP., a Texas limited partnership (“WI”);

 

  (ii)

JGB Ventures I, Ltd., a Texas limited partnership and the general partner of WI (“JGB I”)

 

  (iii)

JGB Holdings, Inc., a Texas corporation and the general partner of JGB I (“Holdings”); and

 

  (iv)

Joseph G. Beard (“Beard”), a citizen of the United States and the President and sole shareholder of JGB.

Voting and investment decisions with respect to securities held by the Reporting Persons are made by Beard.

The Reporting Persons may be deemed to comprise a “group” within the meaning of Section 13(d)(3) of the Act, although neither the fact of this filing nor any of the information contained herein shall be deemed to be an admission by any of the Reporting Persons that a “group” exists.

The Reporting Persons have entered into a Joint Filing Agreement, dated August 9, 2022, pursuant to which the Reporting Persons have agreed to file this Schedule 13D jointly in accordance with the provisions of Rule 13d-1(k)(1) promulgated under the Act.

(b) Address of Principal Business Office: The address of the principal business of each of the Reporting Persons is 2550 Pacific Ave, Suite 1600, Dallas, Texas 75226.

(c) The principal occupation or employment of each of WI, JGB I and Holdings is investments. Beard’s principal occupation or employment is serving as the President of Holdings, the general partner of JGB I.

(d) None of the Reporting Persons have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).


CUSIP No. 03748R754       Page 7 of 18 Pages

 

(e) None of the Reporting Persons have, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is 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 violation with respect to such laws.

(f) Citizenship: (i) WI is a Texas limited partnership; (ii) JGB I is a Texas limited partnership; (iii) Holdings is a Texas corporation; and (iv) Joseph G. Beard is an individual who is a citizen of the United States.

Item 3. Source or Amount of Funds or Other Consideration.

The source and amount of funds used by WI to purchase its Stock is Working Capital As used herein, the term “Working Capital” includes income from the business operations of the entity plus sums borrowed from, among other sources, banks and brokerage firm margin accounts, to operate such business in general.

Item 4. Purpose of Transaction.

Pursuant to a series of transactions ending on August 5, 2022, WI has purchased for an aggregate of $49,008,403 in cash an aggregate of 7,732,295 shares of Stock. The shares of Stock were acquired by WI for the purpose of investment.

Subject to the foregoing, the Reporting Persons intend to continue to evaluate the Issuer’s business, prospects and financial condition, the market for the Stock, monetary and stock market conditions and other further developments. As a part of such evaluation, one or more of the Reporting Persons may participate in meetings or hold discussions with the Issuer’s management, other shareholders and other persons in which the Reporting Persons may express their views with respect to potential changes in the operations, assets, capital structure or ownership of the Issuer as a means of enhancing shareholder value. Such expression of views may relate to one or more of the transactions specified in clauses (a) through (j) of Item 4 of the Schedule 13D form.

Depending upon, among other things, the factors set forth above, the Reporting Persons reserve the right to (i) dispose of all or part of their investment in the Stock at any time, (ii) acquire additional shares of Stock by tender offer, in the open market, in private transactions or otherwise, (iii) propose a merger or similar business combination with the Issuer or its affiliates, (iv) seek control of the Issuer by stock ownership or otherwise, or (v) take any other action with respect to the Issuer.

Except as set forth in this Item 4, the Reporting Persons have no present plans or proposals that relate to or that would result in any of the following actions:

(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

(c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;

(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

(e) Any material change in the present capitalization or dividend policy of the Issuer;


CUSIP No. 03748R754       Page 8 of 18 Pages

 

(f) Any other material change in the Issuer’s business or corporate structure;

(g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;

(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

(j) Any action similar to any of those enumerated above.

Item 5. Interest in Securities of the Issuer.

Pursuant to Rule 13d-3(a), at the close of business on August 5, 2022, each of WI, JGB I, Holdings and Beard may be deemed to be the beneficial owner of 7,732,295 shares of the Stock, which constitutes approximately 5.08% of the 152,148,729 shares of the Stock outstanding on August 2, 2022, according to the Issuer’s Quarterly Report on Form 10-Q filed on August 4, 2022 (the “Outstanding Shares”). Each of the Reporting Persons, either directly or indirectly, has or shares the power to vote or to direct the vote and to dispose or to direct the disposition of, such shares of Stock.

Each of WI, JGB I as the sole general partner of WI, Holdings, as the sole general partner of JGB I, and Beard, as the President and sole shareholder of JGB, pursuant to Rule 13d-3 of the Act, may be deemed to be the beneficial owner of 7,732,295 shares of the Stock, which constitutes approximately 5.08% of the Outstanding Shares. Each of such persons, either directly or indirectly, may have or share the power to vote or to direct the vote and to dispose of or to direct the disposition of, such shares of Stock.

Other than as set forth above, none of the Reporting Persons named herein is the beneficial owner of any shares of the Stock.

During the last 60 days, WI. has purchased shares of the Stock in open market transactions on the New York Stock Exchange as follows:

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

10,000.000

     08/05/2022        8.0900  

10,000.000

     08/05/2022        8.1338  

10,000.000

     08/04/2022        7.6850  

15,000.000

     08/04/2022        7.7571  

15,000.000

     08/04/2022        7.7602  

15,000.000

     08/04/2022        7.7657  

15,000.000

     08/04/2022        7.7819  

15,000.000

     08/04/2022        7.7889  

10,000.000

     08/03/2022        7.6550  

10,000.000

     08/03/2022        7.9406  

25,000.000

     08/03/2022        8.0211  

25,000.000

     08/03/2022        8.0781  


CUSIP No. 03748R754       Page 9 of 18 Pages

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

10,000.000

     08/03/2022        7.7800  

10,000.000

     07/15/2022        6.9868  

5,752.000

     07/15/2022        6.9889  

10,000.000

     07/14/2022        6.8419  

10,000.000

     07/14/2022        6.8554  

10,000.000

     07/14/2022        6.8850  

10,000.000

     07/14/2022        6.8853  

30,000.000

     07/14/2022        6.8881  

10,000.000

     07/13/2022        6.8109  

10,000.000

     07/13/2022        6.8746  

10,000.000

     07/13/2022        6.8761  

10,000.000

     07/13/2022        6.8364  

10,000.000

     07/13/2022        6.8521  

20,000.000

     07/12/2022        6.7519  

20,000.000

     07/12/2022        6.7579  

20,000.000

     07/12/2022        6.7964  

20,000.000

     07/12/2022        6.8105  

20,000.000

     07/12/2022        6.8307  

10,000.000

     07/11/2022        6.5649  

10,000.000

     07/11/2022        6.5677  

20,000.000

     07/11/2022        6.5745  

20,000.000

     07/11/2022        6.6170  

20,000.000

     07/11/2022        6.5973  

20,000.000

     07/11/2022        6.6095  

20,000.000

     07/11/2022        6.6130  

10,000.000

     07/08/2022        6.6592  

10,000.000

     07/08/2022        6.6652  

10,000.000

     07/08/2022        6.6688  

10,000.000

     07/08/2022        6.6751  

10,000.000

     07/08/2022        6.7248  

10,000.000

     07/08/2022        6.7543  

10,000.000

     07/07/2022        6.6852  

10,000.000

     07/07/2022        6.7248  

10,000.000

     07/07/2022        6.7524  

10,000.000

     07/07/2022        6.7530  

10,000.000

     07/07/2022        6.7659  

10,000.000

     07/07/2022        6.7702  

10,000.000

     07/07/2022        6.7750  

10,000.000

     07/07/2022        6.7786  

20,000.000

     07/06/2022        6.7788  


CUSIP No. 03748R754       Page 10 of 18 Pages

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

20,000.000

     07/06/2022        6.8067  

20,000.000

     07/06/2022        6.8067  

20,000.000

     07/06/2022        6.8278  

20,000.000

     07/06/2022        6.8481  

20,000.000

     07/06/2022        6.8563  

25,000.000

     07/05/2022        6.6656  

25,000.000

     07/05/2022        6.6805  

25,000.000

     07/05/2022        6.6964  

25,000.000

     07/05/2022        6.7080  

25,000.000

     07/05/2022        6.7128  

25,000.000

     07/05/2022        6.7737  

25,000.000

     07/05/2022        6.7841  

25,000.000

     07/05/2022        6.8135  

27,000.000

     07/01/2022        6.4780  

25,000.000

     07/01/2022        6.5250  

25,000.000

     07/01/2022        6.6077  

25,000.000

     07/01/2022        6.6532  

25,000.000

     07/01/2022        6.7019  

25,000.000

     07/01/2022        6.7184  

25,000.000

     07/01/2022        6.7452  

25,000.000

     07/01/2022        6.7575  

25,000.000

     06/30/2022        6.1838  

25,000.000

     06/30/2022        6.2294  

25,000.000

     06/30/2022        6.3220  

25,000.000

     06/30/2022        6.3717  

25,000.000

     06/30/2022        6.3880  

25,000.000

     06/30/2022        6.3970  

25,000.000

     06/30/2022        6.4076  

25,000.000

     06/30/2022        6.4350  

25,000.000

     06/29/2022        6.1759  

25,000.000

     06/29/2022        6.1782  

25,000.000

     06/29/2022        6.1796  

25,000.000

     06/29/2022        6.1918  

25,000.000

     06/29/2022        6.2021  

25,000.000

     06/29/2022        6.2031  

25,000.000

     06/29/2022        6.2080  

25,000.000

     06/29/2022        6.1509  

25,000.000

     06/28/2022        6.2475  

50,000.000

     06/28/2022        6.2539  

25,000.000

     06/28/2022        6.2581  


CUSIP No. 03748R754       Page 11 of 18 Pages

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

25,000.000

     06/28/2022        6.2863  

25,000.000

     06/28/2022        6.3000  

25,000.000

     06/28/2022        6.3188  

25,000.000

     06/28/2022        6.3252  

990.000

     06/28/2022        6.3860  

25,000.000

     06/27/2022        6.2226  

25,000.000

     06/27/2022        6.2941  

25,000.000

     06/27/2022        6.3126  

25,000.000

     06/27/2022        6.3257  

25,000.000

     06/24/2022        6.1567  

25,000.000

     06/24/2022        6.1857  

25,000.000

     06/24/2022        6.1874  

25,000.000

     06/24/2022        6.1959  

25,000.000

     06/24/2022        6.1970  

25,000.000

     06/24/2022        6.1992  

25,000.000

     06/24/2022        6.2013  

25,000.000

     06/23/2022        5.9789  

25,000.000

     06/23/2022        5.9922  

25,000.000

     06/23/2022        5.9984  

25,000.000

     06/23/2022        5.9985  

25,000.000

     06/23/2022        6.0009  

25,000.000

     06/23/2022        6.0256  

25,000.000

     06/23/2022        6.0986  

50,000.000

     06/22/2022        5.9742  

25,000.000

     06/22/2022        6.0750  

25,000.000

     06/22/2022        6.1073  

25,000.000

     06/22/2022        6.1421  

25,000.000

     06/22/2022        6.1450  

25,000.000

     06/22/2022        6.1569  

25,000.000

     06/22/2022        6.1581  

25,000.000

     06/21/2022        5.8843  

50,000.000

     06/21/2022        5.8982  

50,000.000

     06/21/2022        5.9808  

25,000.000

     06/21/2022        5.9831  

25,000.000

     06/21/2022        6.0035  

50,000.000

     06/21/2022        6.0220  

25,000.000

     06/21/2022        6.0752  

50,000.000

     06/17/2022        5.7920  

25,000.000

     06/17/2022        5.8200  

25,000.000

     06/17/2022        5.8343  


CUSIP No. 03748R754       Page 12 of 18 Pages

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

50,000.000

     06/17/2022        5.8375  

25,000.000

     06/17/2022        5.8590  

25,000.000

     06/17/2022        5.8959  

25,000.000

     06/16/2022        5.7486  

25,000.000

     06/16/2022        5.7508  

50,000.000

     06/16/2022        5.7649  

25,000.000

     06/16/2022        5.7964  

25,000.000

     06/16/2022        5.8044  

25,000.000

     06/16/2022        5.8098  

25,000.000

     06/16/2022        5.8184  

25,000.000

     06/16/2022        5.8218  

25,000.000

     06/16/2022        5.8294  

25,000.000

     06/15/2022        5.8951  

25,000.000

     06/15/2022        5.9286  

25,000.000

     06/15/2022        5.9885  

25,000.000

     06/15/2022        5.9981  

25,000.000

     06/15/2022        6.0171  

50,000.000

     06/15/2022        6.0490  

25,000.000

     06/14/2022        5.9130  

50,000.000

     06/14/2022        5.9155  

25,000.000

     06/14/2022        5.9305  

50,000.000

     06/14/2022        5.9421  

25,000.000

     06/14/2022        5.9494  

25,000.000

     06/14/2022        5.9797  

25,000.000

     06/14/2022        6.0206  

25,000.000

     06/13/2022        5.8883  

50,000.000

     06/13/2022        5.9054  

50,000.000

     06/13/2022        5.9222  

50,000.000

     06/13/2022        5.9396  

25,000.000

     06/13/2022        5.9410  

25,000.000

     06/13/2022        6.0128  

25,000.000

     06/10/2022        6.2122  

25,000.000

     06/10/2022        6.2345  

25,000.000

     06/10/2022        6.2003  

25,000.000

     06/10/2022        6.1454  

25,000.000

     06/10/2022        6.2211  

25,000.000

     06/10/2022        6.2221  

25,000.000

     06/10/2022        6.2196  

25,000.000

     06/10/2022        6.1956  

25,000.000

     06/10/2022        6.1830  


CUSIP No. 03748R754       Page 13 of 18 Pages

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

25,000.000

     06/09/2022        6.2995  

25,000.000

     06/09/2022        6.3182  

25,000.000

     06/09/2022        6.3285  

25,000.000

     06/09/2022        6.3480  

25,000.000

     06/09/2022        6.3531  

25,000.000

     06/09/2022        6.3595  

25,000.000

     06/09/2022        6.3650  

25,000.000

     06/09/2022        6.3670  

25,000.000

     06/08/2022        6.2279  

25,000.000

     06/08/2022        6.2618  

25,000.000

     06/08/2022        6.2659  

25,000.000

     06/08/2022        6.2800  

25,000.000

     06/08/2022        6.2855  

25,000.000

     06/08/2022        6.2882  

50,000.000

     06/08/2022        6.2912  

25,000.000

     06/08/2022        6.3003  

25,000.000

     06/07/2022        6.1482  

25,000.000

     06/07/2022        6.1558  

25,000.000

     06/07/2022        6.1682  

25,000.000

     06/07/2022        6.1831  

25,000.000

     06/07/2022        6.2134  

25,000.000

     06/07/2022        6.2557  

25,000.000

     06/07/2022        6.2892  

25,000.000

     06/06/2022        6.2198  

25,000.000

     06/06/2022        6.2240  

25,000.000

     06/06/2022        6.2283  

25,000.000

     06/06/2022        6.2301  

25,000.000

     06/06/2022        6.2344  

25,000.000

     06/06/2022        6.2414  

25,000.000

     06/06/2022        6.2421  

25,000.000

     06/06/2022        6.2496  

25,000.000

     06/06/2022        6.2705  

50,000.000

     06/03/2022        6.2369  

25,000.000

     06/03/2022        6.2434  

25,000.000

     06/03/2022        6.2569  

25,000.000

     06/03/2022        6.2604  

50,000.000

     06/03/2022        6.2751  

25,000.000

     06/03/2022        6.2764  

25,000.000

     06/03/2022        6.3083  

25,000.000

     06/03/2022        6.3262  


CUSIP No. 03748R754       Page 14 of 18 Pages

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

25,000.000

     06/02/2022        6.2044  

25,000.000

     06/02/2022        6.2661  

25,000.000

     06/02/2022        6.2750  

25,000.000

     06/02/2022        6.2775  

25,000.000

     06/02/2022        6.3011  

25,000.000

     06/02/2022        6.3027  

25,000.000

     06/02/2022        6.3048  

25,000.000

     06/02/2022        6.3092  

25,000.000

     06/02/2022        6.3114  

25,000.000

     06/02/2022        6.3169  

25,000.000

     06/01/2022        6.1597  

25,000.000

     06/01/2022        6.2602  

25,000.000

     06/01/2022        6.3057  

25,000.000

     06/01/2022        6.3167  

25,000.000

     06/01/2022        6.3284  

25,000.000

     05/31/2022        6.2625  

25,000.000

     05/31/2022        6.2650  

25,000.000

     05/31/2022        6.3013  

25,000.000

     05/31/2022        6.3034  

25,000.000

     05/31/2022        6.3230  

25,000.000

     05/31/2022        6.3271  

25,000.000

     05/31/2022        6.3303  

25,000.000

     05/31/2022        6.3405  

25,000.000

     05/31/2022        6.3460  

25,000.000

     05/31/2022        6.3468  

25,000.000

     05/31/2022        6.3657  

25,000.000

     05/27/2022        6.3976  

25,000.000

     05/27/2022        6.3995  

25,000.000

     05/27/2022        6.4102  

50,000.000

     05/26/2022        6.2201  

25,000.000

     05/26/2022        6.2439  

25,000.000

     05/26/2022        6.2529  

25,000.000

     05/26/2022        6.2534  

25,000.000

     05/26/2022        6.2536  

25,000.000

     05/26/2022        6.2583  

25,000.000

     05/26/2022        6.2949  

25,000.000

     05/25/2022        6.0937  

25,000.000

     05/25/2022        6.1086  

25,000.000

     05/25/2022        6.1119  

25,000.000

     05/25/2022        6.1328  


CUSIP No. 03748R754       Page 15 of 18 Pages

 

Number of Shares

   Date of Purchase      Price Per Share ($)  

25,000.000

     05/25/2022        6.2040  

50,000.000

     05/24/2022        5.8631  

50,000.000

     05/24/2022        5.9395  

50,000.000

     05/24/2022        5.9623  

50,000.000

     05/24/2022        5.9625  

50,000.000

     05/24/2022        6.0691  

25,000.000

     05/23/2022        5.9262  

50,000.000

     05/23/2022        5.9517  

50,000.000

     05/23/2022        5.9702  

25,000.000

     05/23/2022        5.9752  

50,000.000

     05/23/2022        5.9826  

50,000.000

     05/23/2022        6.0088  

25,000.000

     05/20/2022        5.8552  

25,000.000

     05/20/2022        5.8583  

50,000.000

     05/20/2022        5.8596  

75,000.000

     05/20/2022        5.8600  

25,000.000

     05/20/2022        5.8878  

25,000.000

     05/20/2022        5.8999  

50,000.000

     05/20/2022        5.9911  

75,000.000

     05/19/2022        5.8757  

25,000.000

     05/19/2022        5.9161  

50,000.000

     05/19/2022        5.9238  

25,000.000

     05/19/2022        5.9328  

50,000.000

     05/19/2022        5.9440  

50,000.000

     05/19/2022        5.9525  

50,000.000

     05/18/2022        5.9205  

50,000.000

     05/18/2022        5.9408  

50,000.000

     05/18/2022        5.9708  

50,000.000

     05/18/2022        6.0242  

25,000.000

     05/18/2022        6.0745  

25,000.000

     05/18/2022        6.1244  

25,000.000

     05/18/2022        6.1307  

25,000.000

     05/17/2022        5.9529  

22,010.000

     05/17/2022        5.9955  

50,000.000

     05/17/2022        6.0554  

50,000.000

     05/17/2022        6.0654  

50,000.000

     05/17/2022        6.0850  

50,000.000

     05/17/2022        6.0978  


CUSIP No. 03748R754       Page 16 of 18 Pages

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of Issuer.

To the best knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or between the Reporting Persons and any other person with respect to any securities of the Issuer, including but not limited to, transfer or voting of any of the securities of the Issuer, finders fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, or a pledge or contingency, the occurrence of which would give another person voting power over shares of the Stock.

Item 7. Material to be filed as Exhibits.

Exhibit A-Joint Filing Agreement


CUSIP No. 03748R754       Page 17 of 18 Pages

 

Signatures

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: August 9, 2022

 

  WESTDALE INVESTMENTS, LP
  By:   JGB Ventures I, Ltd.
        Its General Partner
           By:   JGB Holdings, Inc.,
        Its General Partner
  By:  

/s/ Joseph G. Beard

    Name: Joseph G. Beard
    Title: President
  JGB VENTURES I, LTD.
  By:   JGB Holdings, Inc.
        Its General Partner
  By:  

/s/ Joseph G. Beard

    Name: Joseph G. Beard
    Title: President
  JGB HOLDINGS, INC.
  By:  

/s/ Joseph G. Beard

    Name: Joseph G. Beard
    Title: President
 

/s/ Joseph G. Beard

  Joseph G. Beard


CUSIP No. 03748R754       Page 18 of 18 Pages

 

Exhibit A

JOINT FILING AGREEMENT

Each of the undersigned agrees that (i) the statement on Schedule 13D relating to the Class A Common Stock of Apartment Investment and Management Company, has been adopted and filed on behalf of each of them, (ii) all future amendments to such statement on Schedule 13D will, unless written notice to the contrary is delivered as described below, be jointly filed on behalf of each of them, and (iii) the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 apply to each of them. This agreement may be terminated with respect to the obligations to jointly file future amendments to such statement on Schedule 13D as to any of the undersigned upon such person giving written notice thereof to each of the other persons signature hereto, at the principal office thereof.

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Date: August 9, 2022

 

  WESTDALE INVESTMENTS, LP
  By: JGB Ventures I, Ltd.
        Its General Partner
           By: JGB Holdings, Inc.,
        Its General Partner
  By:  

/s/ Joseph G. Beard

    Name: Joseph G. Beard
    Title: President
  JGB VENTURES I, LTD.
  By: JGB Holdings, Inc.
        Its General Partner
  By:  

/s/ Joseph G. Beard

    Name: Joseph G. Beard
    Title: President
  JGB HOLDINGS, INC.
  By:  

/s/ Joseph G. Beard

    Name: Joseph G. Beard
    Title: President
 

/s/ Joseph G. Beard

  Joseph G. Beard
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