-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gh6xVESobyDEl12lyb1FUdWP2Izd5pKvbvy+mExoGGFRIrrbEyl3skx4amdeImpX V4ROnnn0u2J1vQ/B23eBuQ== 0000950123-99-004046.txt : 19990504 0000950123-99-004046.hdr.sgml : 19990504 ACCESSION NUMBER: 0000950123-99-004046 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990503 GROUP MEMBERS: ANGLO AMERICAN SECURITY FUND LP GROUP MEMBERS: AVIATION SERVICES LP GROUP MEMBERS: BUTTERFIELD TRUST (BERMUDA)/LORRAINE G GRACE GROUP MEMBERS: BUTTERFIELD TRUST (BERMUDA)/OLIVER R GRACE JR GROUP MEMBERS: DIVERSIFIED LONG TERM GROWTH FUND LP GROUP MEMBERS: DRAKE ASSOCIATES LIMITED PARTNERSHIP GROUP MEMBERS: FS (1994) LP GROUP MEMBERS: GLOBAL STRATEGIC INVESTMENT HOLDINGS INC GROUP MEMBERS: J S GRACE JR LP GROUP MEMBERS: LORRAINE MARIE GRACE LP GROUP MEMBERS: OBX INC GROUP MEMBERS: STERLING GRACE CAPITAL MANAGEMENT LP GROUP MEMBERS: VICTORIA ALICE GRACE LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POCAHONTAS BANCORP INC CENTRAL INDEX KEY: 0001051859 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 710806097 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-54227 FILM NUMBER: 99608906 BUSINESS ADDRESS: STREET 1: 203 WEST BROADWAY CITY: POCAHONTAS STATE: AR ZIP: 72455 BUSINESS PHONE: 8708924595 MAIL ADDRESS: STREET 1: 203 WEST BROADWAY CITY: POCAHONTAS STATE: AR ZIP: 72455 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DRAKE ASSOCIATES LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0000807966 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133476514 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PO BOX 163 CITY: GLEN HEAD STATE: NY ZIP: 11545 BUSINESS PHONE: 516-686-2201 MAIL ADDRESS: STREET 1: PO BOX 163 CITY: GLEN HEAD STATE: NY ZIP: 11545 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* POCAHONTAS BANCORP, INC. (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 (Title of Class of Securities) 730234101 (CUSIP Number) THOMAS L. SEIFERT, ESQ. 515 MADISON AVENUE, SUITE 2000, NEW YORK, NY 10022 212-310-0543 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) APRIL 21, 1999 (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to e "filed" for the purpose of Section 18 of the Securities 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 this Act (however, see the Notes). 2 CUSIP NO. 730234101 Page 2 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Drake Associates L.P. 13-3476514 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 175,612 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 175,612 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 175,612 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.90% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 3 CUSIP NO. 730234101 Page 3 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Anglo American Security Fund L.P. 13-3316427 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 10,000 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 10,000 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.17% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 4 CUSIP NO. 730234101 Page 4 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aviation Services, L.P. 11-3182441 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,500 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 7,500 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.12% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 5 CUSIP NO. 730234101 Page 5 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Diversified Long Term Growth Fund L.P. 13-3470412 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 20,000 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 20,000 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.33% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 6 CUSIP NO. 730234101 Page 6 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Global Strategic Investment Holdings, Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 25,000 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 25,000 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.41% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 7 CUSIP NO. 730234101 Page 7 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON J.S. Grace, Jr. L.P. 13-3355102 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,500 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 7,500 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.12% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 8 CUSIP NO. 730234101 Page 8 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Lorraine Marie Grace L.P. 58-2223817 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,500 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 7,500 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.12% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 9 CUSIP NO. 730234101 Page 9 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sterling Grace Capital Management, L.P. 13-3354180 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 30,000 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 30,000 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.50% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 10 CUSIP NO. 730234101 Page 10 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Victoria Alice Grace L.P. 58-2223806 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,500 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 7,500 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.12% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 11 CUSIP NO. 730234101 Page 11 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda)Limited as Trustee of Trust # 1487 FBO Lorraine G. Grace - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 145,367 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 145,367 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 145,367 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.40% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 12 CUSIP NO. 730234101 Page 12 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee of Trust # 1550 FBO Oliver R. Grace, Jr. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 65,245 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 65,245 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 65,245 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.08% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 13 CUSIP NO. 730234101 Page 13 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FS (1994) L.P. 11-3239125 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,000 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 7,000 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.12% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 14 CUSIP NO. 730234101 Page 14 of 19 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON OBX, Inc. 11-3089277 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. S.E.C. USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,500 NUMBER OF ------------------------------------------------------------------ SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 7,500 REPORTING PERSON WITH ------------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.12% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 15 CUSIP NO. 730234101 Page 15 of 19 Pages This filing is Amendment Number 1 to the Schedule 13D filed by the Registrants on June 22, 1998, which is incorporated herein by reference. ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby amended to include the following: (e) Global Investment Holding Fund, Inc. changed its name to Global Strategic Investment Holdings, Inc. ("Global") effective July 3, 1998. (k) FS (1994) L.P. ("FSLP") is a Delaware limited partnership engaged in the business of investing in securities. FSLP's principal business address is 55 Brookville Road, Glen Head, New York 11545. FSLP's general partner is Frank's Sports Corp. ("Frank's"), a Delaware corporation engaged in the business of investing in securities. Its principal business address is 55 Brookville Road, Glen Head, New York 11545. Oliver R. Grace, Jr. is the sole officer and director. The stockholders of Frank's are the seven children of Oliver R. Grace, Jr. (l) OBX, Inc. ("OBX") is a Delaware corporation engaged in the business of making charitable contributions. OBX's principal business address is 55 Brookville Road, Glen Head, New York 11545. Oliver R. Grace, Jr. is President, Treasurer and sole stockholder of OBX. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended to include the following: The aggregate purchase price of the 14,500 shares owned by FSLP and OBX was approximately $99,892. The shares were paid for out of working capital. In each case, funds available in standard margin accounts maintained by each such Registrant were used. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended as follows: Registrants believe that 6,059,044 shares of the Issuer are presently issued and outstanding. 16 CUSIP NO. 730234101 Page 16 of 19 Pages (a) The Registrants beneficially own an aggregate of 515,724 shares, representing approximately 8.51% of the shares issued and outstanding. Reference is made to the second cover pages attached hereto for the number of shares beneficially owned by each of the Registrants. (b) The Registrants have the sole power to vote or to direct the vote and sole power to dispose or to direct to dispose 515,724 shares indicated in Item 5(a). Reference is made to each of the second cover pages for the number of shares in respect of each Registrant. (c) Within the past 60 days Registrants have purchased shares in the amounts and at the per share prices set forth below. Amount of Price Shares Per Aggregate Buyer Date Purchased Share Price ----- ---- --------- ----- ----- OBX, Inc. 04/09/99 7,500 $ 7.00 $52,800 FS (1994) L.P. 04/21/99 7,000 $ 6.73 $47,092
17 CUSIP NO. 730234101 Page 17 of 19 Pages 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: April 30, 1999 DRAKE ASSOCIATES, L.P. By: /S/ JOHN S. GRACE --------------------------------- Name: John S. Grace Title: Chairman, Associated Asset Management, Inc., its General Partner Dated: April 30, 1999 ANGLO AMERICAN SECURITY FUND L.P. By: /S/ JOHN S. GRACE ----------------------------------- Name: John S. Grace Title: General Partner Dated: April 30, 1999 AVIATION SERVICES, L.P. By: /S/ LOLA N. GRACE ----------------------------------- Name: Lola N. Grace Title: General Partner Dated: April 30, 1999 DIVERSIFIED LONG TERM GROWTH FUND L.P. By: /S/ JOHN S. GRACE ----------------------------------- Name: John S. Grace Title: Chairman, Associated Asset Management, Inc., its General Partner 18 CUSIP No. 730234101 Page 18 of 19 Pages Dated: April 30, 1999 GLOBAL STRATEGIC INVESTMENT HOLDINGS, INC. By: /S/ KEN MORGAN --------------------------------------- Name: Ken Morgan Title: Executive Officer of Woodbourne Corporation (BVI) Ltd., its Director Dated: April 30, 1999 J. S. GRACE, JR. L.P. By: /S/ JOHN S. GRACE --------------------------------------- Name: John S. Grace Title: President, John S. Grace, Jr., Inc., its General Partner Dated: April 30. 1999 LORRAINE MARIE GRACE L.P. By: /S/ JOHN S. GRACE --------------------------------------- Name: John S. Grace Title: President, Lorraine Marie Grace, Inc., its General Partner Dated: April 30, 1999 STERLING GRACE CAPITAL MANAGEMENT, L.P. By: /S/ JOHN S. GRACE --------------------------------------- Name: John S. Grace Title: President, Sterling Grace Corp., its General Partner Dated: April 30, 1999 VICTORIA ALICE GRACE, L.P. By: /S/ JOHN S. GRACE --------------------------------------- Name: John S. Grace Title: President, Victoria Alice Grace, Inc., its General Partner 19 CUSIP No. 730234101 Page 19 of 19 Pages Dated: April 30, 1999 BUTTERFIELD TRUST (BERMUDA) LIMITED AS TRUSTEE OF TRUST # 1487 FBO LORRAINE G. GRACE AND AS TRUSTEE OF TRUST # 1550 FBO OLIVER R. GRACE, JR. By: /S/ ROBIN A. BARNES --------------------------------------- Name: Robin A. Barnes Title: Managing Director Dated: April 30, 1999 FS (1994)L.P. By: /S/ Oliver R. Grace, Jr. --------------------------------------- Name: Oliver R. Grace, Jr. Title: President, Frank's Sports Corp., its General Partner Dated: April 30, 1999 OBX, INC. By: /S/ Oliver R. Grace, Jr. --------------------------------------- Name: Oliver R. Grace, Jr. Title: President -----END PRIVACY-ENHANCED MESSAGE-----