3 1 a2045317z3.txt FORM 3

-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------------- FORM 3 WASHINGTON, D.C. 20549 OMB APPROVAL -------- ----------------------------- INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Number: 3235-0104 Expires: December 31, 2001 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Estimated average burden Section 17(a) of the Public Utility Holding Company Act of 1935 or hours per response .... 0.5 (Print or Type Responses) Section 30(f) of the Investment Company Act of 1940 ----------------------------- ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name AND Ticker or Trading Symbol quiring Statement ~~STEPHEN~~WPH-SCHULER A.LLC ~~FEINBERG~~ (Month/Day/Year) SCHULER HOMES, INC.-SHLR ------------------------------------------------- ------------------------------------------------------------ (Last) (First) (Middle) APRIL 3, 2001 5. Relationship of Reporting Person(s) 6. If Amendment, Date ----------------------- to Issuer (Check all applicable) of Original 3. IRS or Social Se- Director X (1) 10% Owner (Month/Day/Year) curity Number of ---- ---- ~~APRIL~~300 2,Continental ~~2001 450 PARK AVENUE~~Blvd., ~~28TH~~Suite ~~FLOOR~~390 Reporting Person Officer (give Other (specify --------------------- ------------------------------------------------- (Voluntary) title below) ~~X(1)~~ below) 7. Individual or (Street) ---- ---- Joint/Group Filing (Check Applicable Line) --------------------------- Form filed by One X Reporting Person --- Form filed by More than One Reporting Person ~~NEW~~EL ~~YORK~~SEGUNDO, ~~NEW~~CALIFORNIA ~~YORK~~90245 ~~10022~~ --- ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial (Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5) (Instr. 4) (D) or Indirect (I) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ ~~CLASS~~None. ~~B COMMON STOCK 18,754,727(2) I (2)~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) * If the form is filed by more than one reporting person, SEE Instruction 5(b)(v). SEC 1473 (7-97)

FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect (Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial Expiration (Instr. 4) Exercise Form of Ownership Date Price of Deriv- (Instr. 5) (Month/Day/ Deri- ative Year) vative Security: -------------------------------------------------- Security Direct Amount (D) or Date Expir- or Indirect Exer- ation Title Number (I) cisable Date of Shares (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------------------~~Class ~~------------------------------------------------------------------------------------------------------------------------------------~~B Common Stock (2) N/A Class A Common Stock 18,754,727 (2) D N/A ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: (1) ~~THE~~The ~~REPORTING~~Reporting ~~PERSON~~Person ISholds A18,754,727 ~~MEMBER~~shares OFof Class B common stock of the issuer. Each share of Class B common stock held by the Reporting Person is convertible into one share of Class A ~~SECTION~~common stock of the issuer, as discussed in Footnote (2). The Reporting Person may be deemed to be a member of a Section 13(d) ~~GROUP~~group ~~THAT~~that ~~OWNS~~beneficially ~~MORE~~owns ~~THAN~~more than 10% OFof ~~THE~~the ~~ISSUER~~issuer'Ss ~~OUTSTANDING~~outstanding ~~CLASS~~Class A ~~COMMON~~common ~~STOCK~~stock. ~~(2)~~The ~~THE~~Reporting ~~REPORTING~~Person ~~PERSON~~disclaims ~~EXERCISES~~beneficial ~~SOLE~~ownership ~~VOTING~~of ~~AND~~Class ~~DISPOSITIVE~~A ~~CONTROL~~common ~~OVER~~stock ~~ALL~~owned ~~SECURITIES~~or ~~HELD~~deemed BYbeneficially ~~BLACKACRE-WPH,~~owned ~~LLC~~by other members of the group. (~~"BLACKACRE"~~2) Under the terms of a stockholders agreement, ~~WHICH~~the ISClass B common stock beneficially owned by the Reporting Person may be convertible into Class A ~~MEMBER~~common OFstock ~~WPH-SCHULER~~on ~~LLC~~January 3, ~~WHICH~~2002, ~~HOLDS~~if 18certain conditions are met,~~754,727~~ ~~SHARES~~and OFcould ~~CLASS~~become Bconvertible ~~COMMON~~at ~~STOCK~~an OFearlier ~~THE~~date ~~ISSUER.~~if ~~THE~~certain ~~PECUNIARY~~terms ~~INTEREST~~of OFthe ~~THE~~stockholders ~~REPORTING~~agreement ~~PERSON~~were INamended ~~THE~~or ~~SHARES~~waived. OFNo ~~CLASS~~additional consideration will be paid to convert the Class B ~~COMMON~~common ~~STOCK~~stock ~~HELD~~into BYClass ~~WPH-SCHULER~~A ~~VARIES~~common ~~ACCORDING~~stock. TO**Intentional ~~THE~~misstatements ~~MARKET~~or ~~PRICE~~omissions OFof ~~THE~~facts ~~ISSUER'S~~constitute ~~COMMON~~Federal ~~STOCK~~Criminal Violations. ~~EACH~~SEE OF18 ~~THE~~U.S.C. ~~REPORTING~~1001 ~~PERSON~~and ~~AND~~15 ~~BLACKACRE~~U.S.C. ~~DISCLAIMS~~78ff(a). ~~BENEFICIAL~~WPH ~~OWNERSHIP~~- OFSCHULER, ~~SHARES~~LLC INBy: ~~WHICH~~ESR ITHousing, ~~DOES~~Inc. ~~NOT~~Its ~~HAVE~~Administrative AManager ~~PECUNIARY~~Member ~~INTEREST.~~By: /s/ ~~BY:~~THOMAS ~~STEPHEN~~CONNELLY ~~A. FEINBERG~~ APRIL 1223, 2001 ------------------------------~~-------~~ ---------------------- **IntentionalIts ~~misstatements~~Treasurer ~~or omissions of facts constitute Federal **Signature of Reporting Person~~ Date ~~Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).~~ Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, SEE Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2 SEC 1473 (7-97)

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