UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
BEAZER HOMES USA, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
07556Q105
(CUSIP Number)
December 31, 2004
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 the disclosures provided in a prior cover page.
The information required in 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).
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CUSIP No. 07556Q105 Page 2 of 10 Pages
- --------------------------------------------------------------------------------
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Basswood Capital Management, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------- -------- ---------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0-
-------- ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 697,955 shares
-------- ---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
-------- ---------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
697,955 shares
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
697,955 shares
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------ -------------------------------------------------------------------
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CUSIP No. 07556Q105 Page 3 of 10 Pages
- --------------------------------------------------------------------------------
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Matthew Lindenbaum
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------- -------- ---------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 870 shares
-------- ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 697,955 shares
-------- ---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 870 shares
-------- ---------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
697,955 shares
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
698,825 shares
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
- --------------------------------------------------------------------------------
CUSIP No. 07556Q105 Page 4 of 10 Pages
- --------------------------------------------------------------------------------
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Bennett Lindenbaum
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------- -------- ---------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 988 shares
-------- ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 697,955 shares
-------- ---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 988 shares
-------- ---------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
697,955 shares
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
698,943 shares
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
Item 1(a). Name of Issuer:
Beazer Homes USA, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1000 Abernathy Road
Suite 1200
Atlanta, Georgia 30328
Item 2(a). Name of Person Filing:
Basswood Capital Management, LLC
Matthew Lindenbaum
Bennett Lindenbaum
Item 2(b). Address of Principal Business Office or, if None, Residence:
Basswood Capital Management, LLC
645 Madison Avenue
10th Floor
New York, NY 10022
Matthew Lindenbaum
c/o Basswood Capital Management, LLC
645 Madison Avenue
10th Floor
New York, NY 10022
Bennett Lindenbaum
c/o Basswood Capital Management, LLC
645 Madison Avenue
10th Floor
New York, NY 10022
Item 2(c). Citizenship:
Basswood Capital Management, LLC - Delaware
Matthew Lindenbaum - United States of America
Bennett Lindenbaum - United States of America
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share
Item 2(e). CUSIP Number: 07556Q105
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a)[ ] Broker or Dealer registered under section 15 of the Act,
(b)[ ] Bank as defined in section 3(a)(6) of the Act,
(c)[ ] Insurance Company as defined in section 3(a)(19) of the Act,
(d)[ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e)[ ] An investment adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E),
(f)[ ] An employee benefit plan or endowment fund in accordance
with ss. 240.13d-1(b)(1)(ii)(F),
(g)[ ] A parent holding company or control person in accordance
with ss. 240.13d-1(b)(1)(ii)(G),
(h)[ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act,
(i)[ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940,
(j)[ ] A group, in accordance with ss. 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
Basswood Capital Management, LLC - 697,955
Matthew Lindenbaum - 698,825
Bennett Lindenbaum - 698,943
(b) Percent of class:
Basswood Capital Management, LLC - 5.0 %
Matthew Lindenbaum - 5.1 %
Bennett Lindenbaum - 5.1 %
(c) Number of shares as to which such person has:
Basswood Capital Management, LLC
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 697,955
shares
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition
of: 697,955shares
Matthew Lindenbaum
(i) Sole power to vote or to direct the vote: 870 shares
(ii) Shared power to vote or to direct the vote:
697,955shares
(iii) Sole power to dispose or to direct the disposition of:
870 shares
(iv) Shared power to dispose or to direct the disposition
of: 697,955 shares
Bennett Lindenbaum
(i) Sole power to vote or to direct the vote: 988 shares
(ii) Shared power to vote or to direct the vote: 697,955
shares
(iii) Sole power to dispose or to direct the disposition of:
988 shares
(iv) Shared power to dispose or to direct the disposition
of: 697,955 shares
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
N/A
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
If a parent holding company or Control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company or control person has filed this
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.
N/A
Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to
ss.240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit
stating the identity and Item 3 classification of each member of the group. If a
group has filed this schedule pursuant to ss.240.13d-1(c) or ss.240.13d-1(d),
attach an exhibit stating the identity of each member of the group.
N/A
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
N/A
Item 10. Certification.
By signing below we certify that, to the best of our knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
Dated: February 14, 2005
Basswood Capital Management LLC*
/s/ Matthew Lindenbaum
---------------------------------
By: Matthew Lindenbaum
Title: Managing Member
/s/ Matthew Lindenbaum
---------------------------------
Matthew Lindenbaum*
/s/ Bennett Lindenbaum
---------------------------------
Bennett Lindenbaum*
* The Reporting Persons disclaim beneficial ownership of the securities reported
herein except to the extent of their pecuniary interest therein.
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See s.240.13d-7 for other
parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13G/A dated February 14, 2005
relating to the Common Stock, par value $0.01 per share, of Beazer Homes USA,
Inc. shall be filed on behalf of the undersigned.
Basswood Capital Management LLC
/s/ Matthew Lindenbaum
---------------------------------
By: Matthew Lindenbaum
Title: Managing Member
/s/ Matthew Lindenbaum
---------------------------------
Matthew Lindenbaum
/s/ Bennett Lindenbaum
---------------------------------
Bennett Lindenbaum