UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 24)
SANTA FE FINANCIAL CORPORATION
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Name of Issuer
Common Stock, Par Value $0.10 Per Share
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Title of Class of Securities
802014-10-0
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CUSIP Number
Michael G. Zybala
Asst. Secretary and Counsel
The InterGroup Corporation
820 Moraga Drive
Los Angeles, California 90049
(310) 889-2500
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Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
June 29, 2007
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Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box. [ ]
Page 1 of 6
CUSIP No. 802014-10-0 Page 2 of 6 Pages
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1. Name of Reporting Person Tax Identification Number
The InterGroup Corporation 13-3293645
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [x]
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3. SEC Use Only
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4. Source of Funds
WC
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5. Check if Disclosure of Legal Proceedings is Required pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of 7. Sole Voting Power
Shares 981,859
Beneficially -----------------------------------
Owned by 8. Shared Voting Power
Each
Reporting -----------------------------------
Person 9. Sole Dispositive Power
With 932,459
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10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
981,859 Shares of Common Stock
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12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row 11
79.1%
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14. Type of Reporting Person
CO
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CUSIP No. 802014-10-0 Page 3 of 6 Pages
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1. Name of Reporting Person Tax Identification Number
John V. Winfield
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [x]
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3. SEC Use Only
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4. Source of Funds
N/A
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5. Check if Disclosure of Legal Proceedings is Required pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
U.S.
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Number of 7. Sole Voting Power
Shares
Beneficially -----------------------------------
Owned by 8. Shared Voting Power
Each 981,859
Reporting -----------------------------------
Person 9. Sole Dispositive Power
With 49,400
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10. Shared Dispositive Power
981,859
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
981,859 Shares of Common Stock
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12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row 11
79.1%
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14. Type of Reporting Person
IN
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AMENDMENT NO. 24
TO SCHEDULE 13D
OF THE INTERGROUP CORPORATION
AND JOHN V. WINFIELD
REGARDING OWNERSHIP OF SECURITIES OF
SANTA FE FINANCIAL CORPORATION
This Amendment No. 24 to Schedule 13D is being filed by The
InterGroup Corporation, a Delaware Corporation ("InterGroup"), and John V.
Winfield, the Chairman, President and Chief Executive Officer of InterGroup,
to update information previously furnished.
The following items of this Schedule 13D are amended:
Item 1. Security of issuer
This Amendment reflects additional purchases of the Common Stock,
$.10 par value (the "Common Stock") of Santa Fe Financial Corporation, a
Nevada corporation, ("Santa Fe") by InterGroup in open market transactions.
Item 3. Source and Amount of Funds or Other Consideration.
InterGroup used working capital as its source of funds to purchase
additional shares of the Common Stock.
Item 4. Purposes of Transactions.
InterGroup and Mr. Winfield have ownership and voting control over
Santa Fe. Mr. Winfield serves as Chairman of the Board, President and Chief
Executive Officer of InterGroup and Santa Fe. All of Santa Fe's Directors
also serve as Directors of InterGroup. As previously reported, on June 30,
1998, John V. Winfield entered into a voting trust agreement, whereby he
granted to InterGroup the right to vote the 49,400 shares of Santa Fe Common
Stock owned by him as well as a right of first refusal on any sale of those
shares.
The acquisition of the Common Stock of the Company by InterGroup
was for investment purposes. InterGroup, or Mr. Winfield, may, from time to
time, purchase additional shares of Common Stock in the open market
transactions, primarily block purchases, or in private transactions to
increase their ownership position in Santa Fe.
InterGroup, Santa Fe and John V. Winfield have no other plans or
intentions that relate to or would result in the events set forth in Item 4
of the instructions to Schedule 13D.
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Item 5. Interest in the Securities of the Issuer
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(a) InterGroup, as of June 29, 2007, may be deemed to beneficially
own, for purposes of this Section 13(d) of the Exchange Act: (i) 932,459
shares of the Common Stock it directly owns; and (ii) 49,400 shares of Common
Stock owned by Mr. Winfield over which it has voting control. The total of
those shares, 981,859, represent approximately 79.1% of the outstanding Common
Stock of Santa Fe.
John V. Winfield owns 49,400 shares of the Common Stock of Santa Fe.
Mr. Winfield is the Chairman, President and Chief Executive Officer of
InterGroup and is the controlling shareholder of InterGroup. Mr. Winfield has
investment and voting control of the securities held by InterGroup. To the
extent that Mr. Winfield is deemed to beneficially own, for purposes of
Section 13(d), the shares of Common Stock of owned by InterGroup, he would
beneficially own 79.1% of the Common Stock.
The above percentages were determined based on Santa Fe's
representations in its latest filing with the Securities and Exchange
Commission that it had 1,241,810 shares of Common Stock issued and
outstanding as of May 10, 2007.
(b) As the Chairman, President, Chief Executive Officer and
controlling shareholder of InterGroup, John V. Winfield shares the voting
power and disposition power with respect to the Common Stock owned by
InterGroup.
As provided for in the voting trust agreement, InterGroup has voting
power over the shares owned by Mr. Winfield. Mr. Winfield has sole
disposition power with respect to the Common Stock owned by him, subject to
InterGroup's right of first refusal.
(c) Information with respect to transactions effected by InterGroup
in the Common Stock within the past sixty (60) days is set forth below:
Number of Price per
Date Shares Share Nature
-------- --------- --------- --------------------
6/29/07 12,295 $18.00 Open Market Purchase
(d) No person other than InterGroup, with respect to its shares, or
Mr. Winfield, with respect to his shares, has the right to receive or the
power to direct the receipt of dividends from, and the proceeds from the sale
of, the shares beneficially owned by each.
(e) Inapplicable.
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SIGNATURES
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: July 2, 2007 THE INTERGROUP CORPORATION
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By: /s/ Michael G. Zybala
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Michael G. Zybala
Asst. Secretary and Counsel
Dated: July 2, 2007 /s/ John V. Winfield
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John V. Winfield
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