United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D/A
Under the Securities and Exchange Act of 1934
Amendment No. 3
AMNET MORTGAGE, Inc.
Name of Issuer
Common Stock ($0.01)
Title of Class of Securities
03169A108
CUSIP Number
Howard Amster, 23811 Chagrin Blvd., Suite 200
Beachwood, Ohio 44122-5525, (216) 595-1047
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 14, 2005
(Date of Event Which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report this 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 / /.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Rule 13 d-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 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).
1 Name of Reporting Person Howard Amster
2 If a member group a) /X/
b) / /
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 89,900
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive 89,900
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 89,900
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 1.2 %
14 Type of Reporting Person IN
1 Name of Reporting Person Amster Limited Partnership
2 If a member group a) /X/
b) / /
3 SEC Use only
4 Source of Funds OO
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0 %
14 Type of Reporting Person PN
1 Name of Reporting Person Amster Trading Company
2 If a member group a) /X/
b) / /
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0 %
14 Type of Reporting Person CO
1 Name of Reporting Person Amster Trading Company
Charitable Remainder Unitrust
2 If a member group a) /X/
b) / /
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0 %
14 Type of Reporting Person CO
1 Name of Reporting Person Pleasant Lake Apts. Limited Partnership
2 If a member group a) /X/
b) / /
3 SEC Use only
4 Source of Funds OO
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0 %
14 Type of Reporting Person PN
1 Name of Reporting Person Ramat Securities Ltd.
2 If a member group a) /X/
b) / /
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 0
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0 %
14 Type of Reporting Person BD
There are no changes to the Schedule 13D, as amended except
as set forth in this third amendment.
Item 2. Identity and Background
For information purposes only:
Tamra F. Gould, a registered representative of Ramat Securities
Ltd. is not an owner of Ramat Securities Ltd. and accordingly,
has no shared voting, no dispositive power, no pecuniary interest
in Registrant's common shares nor to any other securities owned
by Ramat Securities Ltd. Ms. Gould disclaims being a member
of this group. Ms. Gould owns 31,700 common shares of
AMNET Mortgage, Inc. or 0.426 % of the Registrant's common
shares with sole voting and dispositive power over her shares.
Ramat Securities Ltd. has no voting, no dispositive power, nor
pecuniary interest in Registrant's common shares nor to any other
securities owned by Ms. Gould.
Item 4. Purpose of Transaction
This 13D amendment number three is filed because:
Howard Amster, Amster Limited Partnership, Amster Trading
Company, Amster Trading Company Charitable Remainder
Unitrust, Pleasant Lake Apts. Partnership, Ramat Securities Ltd.
cease to be the beneficial owners of more than five percent
of the common shares of AMNET MORTGAGE, Inc.
Amster Trading Company on 1/3/05 received a trust distribution
in-kind of 19,900 shares of AMNET Mortgage Inc. common
shares from the Amster Trading Company Charitable Unitrust
reducing the unitrust holdings in AMNET Mortgage, Inc.
to zero. As a result the unitrust no longer is a reporting person.
Howard Amster, Amster Limited Partnership, Amster Trading
Company, Amster Trading Company Charitable Remainder
Unitrust, Pleasant Lake Apts. Partnership, Ramat Securities Ltd.
may deemed to be a group.
There are no present plans or proposals by
Howard Amster, Amster Limited Partnership, Amster Trading
Company, Amster Trading Company Charitable Remainder
Unitrust, Pleasant Lake Apt. Partnership, Ramat Securities Ltd.
as reported in this Schedule 13D Amendment 3 which relates
to or would result in the following:
a. The acquisition by Howard Amster, Amster Ltd. Partnership
Amster Trading Company, Amster Trading Company Charitable
Remainder Unitrust, Pleasant Lake Apt. Partnership,
Ramat Securities Ltd., of additional securities of the Issuer or the
disposition of securities of the Issuer, however,
Howard Amster, Amster Limited Partnership, Amster Trading
Company, Amster Trading Company Charitable Remainder
Unitrust, Pleasant Lake Apt. Partnership, Ramat Securities Ltd.
might acquire additional shares or other securities of the Issuer or
dispose of some or all of their shares or other securities of the
Issuer depending upon market conditions and their respective
personal circumstances;
Item 5. Interest in Securities of the Issuer
The outstanding common shares of the Issuer is 7,433,407 shares.
Refer to 10-Q for quarterly period ending June 30,2005
(a)(b) The aggregate amount owned by the Reporting Persons is
89,900 shares or 1.2 % of the outstanding shares.
Howard Amster in his name and individual retirement accounts
owns 89,900 shares or 1.2 % of the outstanding shares.
c) Description of Transactions
All transactions were open market transactions with
Bear, Stearns Securities as the executing broker.
Identity Date Shares Price
Howard 08/04/05 Sold 6,800 10.299
Amster 09/14/05 Sold 163,100 10.1287
09/14/05 Sold 248,175 10.0865
Amster Ltd. 03/28/05 Sold 3,600 8.95
Partnership
Amster 01/3/05 Buy 19,900 PIK receipt of
Trading distribution
Company 09/14/05 Sold 31,500 10.0865
Amster 01/03/05 Sold 19,900 PIK distribution
Trading
Charitable
Remainder
Unitrust
Pleasant 09/14/05 Sold 400 10.1287
Lake Apts.
Ltd. Partnership
Ramat 09/14/05 Sold 125,000 10.1287
Securities
Ltd.
e) Howard Amster, Amster Limited Partnership, Amster Trading
Company, Amster Trading Company Charitable Remainder
Unitrust, Pleasant Lake Apts. Partnership, Ramat Securities Ltd.
cease to be the beneficial owners of more than five percent
of the common shares of AMNET MORTGAGE, Inc. on
September 14, 2005.
Signature After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
Date: September 14, 2005
/s/
Howard Amster
/s/
Amster Lt. Partnership
By: Howard Amster
Title: General Partner
/s/
Amster Trading Company
By: Howard Amster
Title: President
/s/
Amster Trading Company
Charitable Remainder Unitrust
By: Howard Amster
Title: Trustee
/s/
Pleasant Lake Apt. Ltd. Partnership
By: Howard Amster, President
Pleasant Lake Apts. Corp.,
Title: General Partner
/s/
Ramat Securities Ltd.
By: David Zlatin
Title: Principal