SEC FORM 4

SEC FORM 4 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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

DAHL JAMES H

(Last)

(First)

(Middle)

4314 PABLO OAKS COURT

(Street)

JACKSONVILLE

32224

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2022

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

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

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

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	07/22/2022		P		3,905	A	$12.61	159,609	D⁽¹⁾
Common Shares	07/28/2022		P		9	A	$14.15	159,618	D⁽¹⁾
Common Shares	07/29/2022		P		1,436	A	$14.1	161,054	D⁽¹⁾
Common Shares	08/02/2022		P		6,511	A	$14.77	167,565	D⁽¹⁾
Common Shares	08/08/2022		P		2,552	A	$16.24	170,177	D⁽¹⁾
Common Shares	08/09/2022		P		3,715	A	$16	225,551	I	IRA Accounts⁽²⁾
Common Shares	08/11/2022		P		570	A	$16	226,121	I	IRA Accounts⁽³⁾
Common Shares	08/12/2022		P		402	A	$16	226,523	I	IRA Accounts⁽⁴⁾
Common Shares	08/15/2022		P		1,128	A	$16	227,651	I	IRA Accounts⁽⁵⁾
Common Shares	08/15/2022		P		3,633	A	$16	173,750	D⁽¹⁾
Common Shares	12/28/2022		P		1,500	A	$11.68	229,151	I	IRA Accounts⁽⁶⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

DAHL JAMES H

(Last)

(First)

(Middle)

4314 PABLO OAKS COURT

(Street)

JACKSONVILLE

32224

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Lancaster Rainey E.

(Last)

(First)

(Middle)

C/O JAMES H. DAHL

4314 PABLO OAKS COURT

(Street)

JACKSONVILLE

32224

(City)

(State)

(Zip)

Explanation of Responses:

1. The shares are held by Rainey E. Lancaster who is a member of a "group" with James H. Dahl for purposes of Section 13(d) of the Exchange Act.

2. The shares are held in two IRA accounts as follows: 200,551 Shares held by IRA FBO James H. Dahl Pershing LLC as Custodian ROTH Conversion Account (the "ROTH Conversion Account") and 25,000 Shares held by IRA FBO James H. Dahl Pershing LLC as Custodian (the "IRA Account").

3. The shares are held in two IRA accounts as follows: 201,121 Shares held by the ROTH Conversion Account and 25,000 Shares held by the IRA Account.

4. The shares are held in two IRA accounts as follows: 201,523 Shares held by the ROTH Conversion Account and 25,000 Shares held by the IRA Account.

5. The shares are held in two IRA accounts as follows: 202,651 Shares held by the ROTH Conversion Account and 25,000 Shares held by the IRA Account.

6. The shares are held in two IRA accounts as follows: 204,151 Shares held by the ROTH Conversion Account and 25,000 Shares held by the IRA Account.

Remarks:

	/s/Ivan A. Colao, as Attorney-in-Fact for James H. Dahl	07/10/2023
	/s/Ivan A. Colao, as Attorney-in-Fact for Rainey E. Lancaster	07/10/2023
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

SEC Form 4 filed by Dahl James H