Robert Robotti Form 4 AMREP / ROBERT ROBOTTI ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ROBOTTI ROBERT

(Last) (First) (Middle)

125 PARK AVENUE

SUITE 1607

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMREP CORP. [ AXR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/11/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 Par Value Per Share	10/11/2023		P		38	A	$16.5	289,700(1)	I	See Footnote(7)
Common Stock, $0.001 Par Value Per Share	10/11/2023		P		24	A	$16.5	289,724(2)	I	See Footnote(7)
Common Stock, $0.001 Par Value Per Share	10/12/2023		P		8,593	A	$16.3886	298,317(3)	I	See Footnote(7)
Common Stock, $0.001 Par Value Per Share	10/12/2023		P		5,267	A	$16.3886	303,584(4)	I	See Footnote(7)
Common Stock, $0.001 Par Value Per Share	10/13/2023		P		9,742	A	$16.496	313,326(5)	I	See Footnote(7)
Common Stock, $0.001 Par Value Per Share	10/13/2023		P		5,971	A	$16.496	319,297(6)	I	See Footnote(7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This amount includes 158,632 shares of the Common Stock, $0.10 par value (the "Common Stock") directly owned by The Ravenswood Investment Company, LP ("RIC") and 131,068 shares of the Common Stock directly owned by Ravenswood Investments III, L.P. ("RI").

2. This amount includes 158,632 shares of the Common Stock, directly owned by RIC and 131,092 shares of the Common Stock directly owned by RI.

3. This amount includes 167,225 shares of the Common Stock, directly owned by RIC and 131,092 shares of the Common Stock directly owned by RI.

4. This amount includes 167,225 shares of the Common Stock, directly owned by RIC and 136,359 shares of the Common Stock directly owned by RI.

5. This amount includes 176,967 shares of the Common Stock, directly owned by RIC and 136,359 shares of the Common Stock directly owned by RI.

6. This amount includes 176,967 shares of the Common Stock, directly owned by RIC and 142,330 shares of the Common Stock directly owned by RI.

7. Mr. Robotti may be deemed to beneficially own (solely for the purpose of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ("Exchange Act")) certain of the shares of Common Stock set forth in this Form 4 as managing member of Ravenswood Management Company, L.L.C., which serves as the general partner of RIC and RI. Mr. Robotti disclaims beneficial ownership of all securities reported herein except to the extent of any pecuniary interest therein, if any.

	/s/ Robert E. Robotti	10/13/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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