Sec Form 13G Filing - COOPERMAN LEON G filing for ACRES Commercial Realty Corp. (ACR) - 2010-02-04

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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                                UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 4)*

                             RESOURCE CAPITAL CORP.
          -------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
          -------------------------------------------------------
                         (Title of Class of Securities)

                                   76120W 30 2
          -------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2009
                   ----------------------------------------------------
             (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).





CUSIP No. 76120W 30 2
         ------------

1.   Names of Reporting  Persons/  I.R.S.  Identification  Nos. of Above Persons
     (entities only):
                                         LEON G. COOPERMAN
- ----------------------------------------------------------------

2.  Check the Appropriate Box if a Member of a Group (See Instructions)

         (a)   [_]
         (b)   [X]
- -----------------------------------------------------------------

3.  SEC  Use  Only

- -----------------------------------------------------------------

4.  Citizenship or Place of Organization:

                                         UNITED STATES
- -----------------------------------------------------------------

Number of               5.  Sole Voting Power:         600,000
Shares Bene-
ficially                6.  Shared Voting Power:       -0-
Owned by
Each Report-            7.  Sole Dispositive Power:    600,000
ing Person
With                    8.  Shared Dispositive Power:  -0-
- ---------------------------------------------------------------

9.   Aggregate Amount Beneficially Owned by Each Reporting Person:

                                             600,000
- ---------------------------------------------------------------

10.  Check Box if the Aggregate Amount in Row (9) Excludes
     Certain Shares [_]

- ---------------------------------------------------------------

11.  Percent of Class Represented by Amount in Row (9):

                                                  2.3 %
- ---------------------------------------------------------------

12.  Type of Reporting Person

                                                   IN
- ---------------------------------------------------------------


                                       2



CUSIP No. 76120W 30 2
         ------------


Item 4. Ownership:

Item 4(a)(b) Amount Beneficially Owned and Percent of Class:

     Mr.  Cooperman may be deemed the  beneficial  owner of 600,000 Shares which
constitutes  approximately 2.3% of the total number of Shares outstanding.  This
is based on the  Company's  Form 10-Q for the quarter  ended  September 30, 2009
which reflected 25,705,178 Shares outstanding.

     This consists of 600,000 Shares owned by the Foundation.


Item 4(c) Number of Shares as to which such person has:

     (i) Sole power to vote or to direct the vote:                 600,000

     (ii) Shared power to vote or to direct the vote:                  -0-

     (iii)Sole power to dispose or to direct the disposition of:   600,000

     (iv) Shared power to dispose or to direct the disposition of:     -0-


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 5
percent of the class of securities, check the following: (X).


                                       3



CUSIP No. 76120W 30 2
         ------------


Item 6. Ownership of More than Five Percent on Behalf of Another Person:

     This Item 6 is not applicable.


Item 7. Identification  and Classification  of the Subsidiary Which Acquired the
        Security Being Reported on by the Parent Holding Company:

     This Item 7 is not applicable.


Item 8. Identification and Classification of Members of the Group:

     This Item 8 is not applicable.


Item 9.  Notice of Dissolution of Group:

     This Item 9 is not applicable.


Item 10. Certification:

     By signing  below I certify  that,  to the best of my knowledge and belief,
the  securities  referred  to above 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 such purpose or effect.



                                    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 4, 2010 as of December 31, 2009


LEON G. COOPERMAN, individually,
as Managing Member of Omega
Associates, L.L.C. on behalf of
Omega Capital Partners, L.P.,
Omega Capital Investors, L.P.,
Omega Equity Investors, L.P.,as
Trustee of the Leon and Toby Cooperman
Foundation, and as President of
Omega Advisors, Inc.


By /s/ ALAN M. STARK
  ------------------
  Alan M. Stark
  Attorney-in-Fact
Power of Attorney on file

ATTENTION:  INTENTIONAL  MISSTATEMENTS  OR OMISSIONS OF FACT CONSTITUTE  FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).


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