SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
AFFORDABLE RESIDENTIAL COMMUNITIES INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
008273104
(CUSIP Number)
N/A
(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)
[ ] Rule 13d-1(c)
[X} 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 (the "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).
SCHEDULE 13G
CUSIP NO. 008273104 PAGE 2 OF 8 PAGES
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
CAPITAL ARC HOLDINGS, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 0
REPORTING ----------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 0
----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
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12. TYPE OF REPORTING PERSON*
OO
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SCHEDULE 13G
CUSIP NO. 008273104 PAGE 3 OF 8 PAGES
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
UBS AG
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
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NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 16,543
REPORTING ----------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 0
----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
16,543
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,543
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.04%
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12. TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13G
CUSIP NO. 008273104 PAGE 4 OF 8 PAGES
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
UBS SECURITIES LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER
SHARES 16,543
BENEFICIALLY --------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 16,543
--------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,543
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.04%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
BD
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* SEE INSTRUCTIONS BEFORE FILLING OUT
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION.
ITEM 1(A). NAME OF ISSUER:
Affordable Residential Communities Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
600 Grant Street
Suite 900
Denver, Colorado 80203
ITEM 2(A). NAME OF PERSONS FILING:
This statement is filed by:
Capital ARC Holdings, LLC
UBS AG
UBS Securities LLC
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Capital ARC Holdings, LLC's principal business office is:
299 Park Avenue
New York, New York 10171
UBS AG's principal U.S. business office is:
299 Park Avenue
New York, New York 10171
UBS Securities LLC's principal business office is:
677 Washington Boulevard
Stamford, CT 06901
ITEM 2(C). CITIZENSHIP:
Incorporated by reference to Item 4 of the cover pages.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
ITEM 2(E). CUSIP NUMBER:
008273104
Page 5 of 8 Pages
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP:
Incorporated by reference to Items 5-11 of the cover pages.
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 [x].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
ITEM 10. CERTIFICATION:
Not applicable.
Page 6 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 13, 2006
CAPITAL ARC HOLDINGS, LLC
By: /s/ Michael Greene
-----------------------------------
Name: Michael Greene
Title: Partner
By: /s/ Richard Capone
-----------------------------------
Name: Richard Capone
Title: Chief Financial Officer
UBS AG
By: /s/ Regina A. Dolan
-----------------------------------
Name: Regina A. Dolan
Title: Member of the GMB
By: /s/ Per Dyrvik
-----------------------------------
Name: Per Dyrvik
Title: Managing Director
UBS SECURITIES LLC
By: /s/ Regina A. Dolan
-----------------------------------
Name: Regina A. Dolan
Title: Member of the GMB
By: /s/ Per Dyrvik
-----------------------------------
Name: Per Dyrvik
Title: Managing Director
Page 7 of 8 Pages
AGREEMENT TO MAKE A JOINT FILING
Capital ARC Holdings, LLC, UBS AG and UBS Securities LLC each
agrees that this Schedule 13G (including all amendments hereto) is filed by and
on behalf of each such party.
Date: February 13, 2006
CAPITAL ARC HOLDINGS, LLC
By: /s/ Michael Greene
-----------------------------------
Name: Michael Greene
Title: Partner
By: /s/ Richard Capone
-----------------------------------
Name: Richard Capone
Title: Chief Financial Officer
UBS AG
By: /s/ Regina A. Dolan
-----------------------------------
Name: Regina A. Dolan
Title: Member of the GMB
By: /s/ Per Dyrvik
-----------------------------------
Name: Per Dyrvik
Title: Managing Director
UBS SECURITIES LLC
By: /s/ Regina A. Dolan
-----------------------------------
Name: Regina A. Dolan
Title: Member of the GMB
By: /s/ Per Dyrvik
-----------------------------------
Name: Per Dyrvik
Title: Managing Director
Page 8 of 8 Pages