UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Toll Brothers, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
889478103
--------------------------------------------------------------------------------
(CUSIP NUMBER)
December 22, 2005
--------------------------------------------------------------------------------
(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 the information which
would alter the disclosures provided for in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to all other provisions of the
Act (however, see the Notes).
SCHEDULE 13G
======================================== ======================================
CUSIP No. 889478103
======================================== ======================================
--------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS: THE BRUCE E. TOLL INVESTMENT TRUST
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 17-5363506
--------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION PENNSYLVANIA
--------------------------------------------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER 0
SHARES -------------------------------------------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 8,144,104
OWNED BY -------------------------------------------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 0
REPORTING -------------------------------------------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 8,144,104
--------------------------------------------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,144,104
--------------------------------------------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [ ]
--------------------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.23%(1)
--------------------------------------------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON OO
--------------------------------------------------------------------------------------------------------------------
-2-
SCHEDULE 13G
======================================== ======================================
CUSIP No. 889478103
======================================== ======================================
Item 1(a). Name of Issuer:
Toll Brothers, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
250 Gibraltar Road
Horsham, Pennsylvania 19044
Item 2(a). Name of Person Filing:
The Bruce E. Toll Investment Trust
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o BET Investments
2600 Philmont Avenue - Suite 212
Philadelphia, Pennsylvania 19006
Attn: Wendy Toll Topkis, Trustee
Item 2(c). Citizenship:
Pennsylvania
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
889478103
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
(a) [ ] Broker or dealer registered under Section 15 of the Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange Act;
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Exchange Act;
-3-
SCHEDULE 13G
======================================== ======================================
CUSIP No. 889478103
======================================== ======================================
(e) [ ] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company or Control Person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] Saving Association as defined in Section 3(b) of The Federal
Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the definition of an Investment
Company under Section 3(c)(14) of the Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned: 8,144,104 shares. Wendy Toll
Topkis, as trustee of The Bruce E. Toll Investment Trust, shares voting and
dispositive power over 8,144,104 shares.
(b) Percent of Class: 5.23%(1)
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 8,144,104
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 8,144,104
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: [ ]
-4-
SCHEDULE 13G
======================================== ======================================
CUSIP No. 889478103
======================================== ======================================
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Ms. Topkis serves as the trustee of The Bruce E. Toll Investment
Trust. In her capacity as trustee, Ms. Topkis has the power to direct receipt of
dividends from and the proceeds from a sale of the shares owned by the trust.
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.
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 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 27, 2005
--------------------------------------
(Date)
Wendy Toll Topkis
--------------------------------------
(Signature)
Wendy Toll Topkis, Trustee
--------------------------------------
(Name/Title)
(1) Based on 155,691,000 shares outstanding at September 5, 2005.
-5-