--------------------------
OMB APPROVAL
--------------------------
--------------------------
OMB Number: 3235-0145
Expires: August 31, 1999
Estimated average
burden hours per
response.........14.90
--------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Prison Realty Trust, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
74264N10
(CUSIP Number)
November 30, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/_/ 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
SEC 1745 (3/98) Page 1 of 6 pages
CUSIP No.: 74264N10
1. NAMES OF REPORTING PERSONS.
Dreman Value Management, L.L.C.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
I.R.S. No. 22-3499132
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS).
(a) /_/
(b) /_/
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
12,575,070
6. SHARED VOTING POWER
81,850
7. SOLE DISPOSITIVE POWER
13,347,320
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,347,320
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.28%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
SEC 1745 (3-98) Page 2 of 6 pages
[Pages 3-4 of 6, which contain the sections entitled "Instructions for Schedule
13G," "Special Instructions for Compliance with Schedule 13G," and Sections A.
to C. of the "General Instructions" have been omitted.]
Item 1. (a) Name of Issuer: Prison Realty Trust, Inc.
(b) Address of Issuer's Principal Executive Offices:
10 Burton Hills Blvd., Suite 100
Nashville, TN 37215
Item 2. (a) Name of Person Filing: Dreman Value Management, L.L.C.
(b) Address of Principal Business Office or, if none,
Residence: 10 Exchange Place, Suite 2150
Jersey City, NJ 07302-3913
(c) Citizenship: State of Delaware
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 74264N10
Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) /_/ Broker or dealer registered under Section 15 of the Act
(15 U.S.C. 78o);
(b) /_/ Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) /_/ Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c);
(d) /_/ Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) /X/ 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)(i)(ii)(G);
(h) /_/ A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(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 (15 U.S.C. 80a-3);
(j) /_/ Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
SEC 1745 (3-98) Page 4 of 6 pages
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in
Item 1.
(a) Amount beneficially owned: 13,347,320
(b) Percent of class: 11.28%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
12,575,070
(ii) Shared power to vote or to direct the vote:
81,850
(iii) Sole power to dispose or to direct the disposition of:
13,347,320
(iv) Shared power to dispose or to direct the disposition of:
0
Instruction: For computations regarding securities which represent
a right to acquire an underlying security see ss.240.13d-3(d)(1).
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 /_/.
Instruction. Dissolution of a group requires a response to this item.
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 has filed this schedule, pursuant to Rule
13d-1(b)(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 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.
(a) The following certification shall be included if the statement is
filed pursuant to ss.240.13d-1(b):
SEC 1745 (3-98) Page 5 of 6 pages
By signing below I certify that, to the best of my 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 my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
December 9, 1999
Date
/S/ NELSON WOODARD
Signature
Nelson Woodard, Managing Director
Name/Title
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the
statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner of
the filing person, evidence of the representative's authority to sign
on behalf of such person shall be filed with the statement, provided,
however, that a power of attorney for this purpose which is already
on file with the Commission may be incorporated by reference. The
name and any title of each person who signs the statement shall be
typed or printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements of omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
SEC 1745 (3-98) Page 6 of 6 pages