-----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, HFMU8+dp6YATIjF0p0rCE23ag1z69nhuTlq5nGzijSf2c+oolNnc8y4T3RLAgvZf eRjXVLbchc8vdShC2LgMMA== /in/edgar/work/0000950123-00-009155/0000950123-00-009155.txt : 20001006 0000950123-00-009155.hdr.sgml : 20001006 ACCESSION NUMBER: 0000950123-00-009155 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001005 GROUP MEMBERS: ANGLO AMERICAN SECURITY FUND LP GROUP MEMBERS: AVIATION SERVICES LP GROUP MEMBERS: BT (BERMUDA)/ANNE GRACE KELLY TRUST 99 GROUP MEMBERS: BT (BERMUDA)/GWENDOLYN GRACE TRUST 99 GROUP MEMBERS: BT (BERMUDA)/HELEN GRACE SPENSER TRUST 99 GROUP MEMBERS: BT (BERMUDA)/JOHN S GRACE TRUST 99 GROUP MEMBERS: BT (BERMUDA)/LORRAINE L GRACE TRUST 99 GROUP MEMBERS: BT (BERMUDA)/OLIVER R GRACE JR TRUST 99 GROUP MEMBERS: BT (BERMUDA)/RUTH GRACE JERVIS TRUST 99 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: [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: 735352 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 y40737sc13da.txt AMENDMENT NO. 2 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. 2)* 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 2600, NEW YORK, NY 10022 212-310-0543 ------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) SEPTEMBER 19, 2000 ------------------------------------------------------ (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 be "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 27 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 55,000 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER 55,000 PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.05% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 3 CUSIP NO. 730234101 Page 3 of 27 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 3,400 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER 3,400 PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,400 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.06% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 4 CUSIP NO. 730234101 Page 4 of 27 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 2,500 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 2,500 ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.05% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 5 CUSIP NO. 730234101 Page 5 of 27 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 6,600 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 6,600 ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,600 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 6 CUSIP NO. 730234101 Page 6 of 27 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 -0- NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER -0- PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.00% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 7 CUSIP NO. 730234101 Page 7 of 27 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 REPORTING 9. SOLE DISPOSITIVE POWER 7,500 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) 0.14% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 8 CUSIP NO. 730234101 Page 8 of 27 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 REPORTING 9. SOLE DISPOSITIVE POWER 7,500 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) 0.14% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 9 CUSIP NO. 730234101 Page 9 of 27 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 10,000 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER 10,000 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) 0.19% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 10 CUSIP NO. 730234101 Page 10 of 27 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 REPORTING 9. SOLE DISPOSITIVE POWER 7,500 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) 0.14% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 11 CUSIP NO. 730234101 Page 11 of 27 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 -0- NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER -0- PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.00% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 12 CUSIP NO. 730234101 Page 12 of 27 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 22,000 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER 22,000 PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.42% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* 00 - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 13 CUSIP NO. 730234101 Page 13 of 27 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 2,926 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER 2,926 PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,926 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.06% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 14 CUSIP NO. 730234101 Page 14 of 27 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 BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 7,500 ------------------------------------------------------------- 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) 0.14% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 15 CUSIP NO. 730234101 Page 15 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee of the Anne Grace Kelly Trust 99 - -------------------------------------------------------------------------------- 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 6,900 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 6,900 ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 16 CUSIP NO. 730234101 Page 16 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee of the Gwendolyn Grace Trust 99 - -------------------------------------------------------------------------------- 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 6,900 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 6,900 ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* 00 - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 17 CUSIP NO. 730234101 Page 17 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee of the Helen Grace Spenser Trust 99 - -------------------------------------------------------------------------------- 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 6,900 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 6,900 ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 18 CUSIP NO. 730234101 Page 18 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee Of the John S. Grace Trust 99 - -------------------------------------------------------------------------------- 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 6,900 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER 6,900 PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* oo - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 19 CUSIP NO. 730234101 Page 19 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee of the Lorraine L. Grace Trust 99 - -------------------------------------------------------------------------------- 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 6,900 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER -0- BENEFICIALLY OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER 6,900 PERSON WITH ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 20 CUSIP NO. 730234101 Page 20 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee of the Oliver R. Grace, Jr. Trust 99 - -------------------------------------------------------------------------------- 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 6,900 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 6,900 ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 21 CUSIP NO. 730234101 Page 21 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Butterfield Trust (Bermuda) Limited as Trustee of the Ruth Grace Jervis Trust 99 - -------------------------------------------------------------------------------- 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 6,900 NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 6,900 ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,900 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.13% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT 22 CUSIP NO. 730234101 Page 22 of 27 Pages This filing is Amendment Number 2 to the Schedule 13D filed on June 22, 1998, which is incorporated herein by reference. Amendment Number 1 was filed on April 30, 1999 and is incorporated herein by reference. ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby amended to include the following: (e) Global Strategic Investment Holdings, Inc. ("Global") sold all of its shares in the Issuer. (j) Butterfield Trust (Bermuda) Limited ("Butterfield") is filing this statement as the trustee of trusts for the benefit of Anne Grace Kelly, Gwendolyn Grace, Helen Grace Spencer, John S. Grace, Lorraine G. Grace, Lorraine L. Grace, Oliver R. Grace, Jr., and Ruth Grace Jervis. Butterfield is a Bermuda Trust Corporation with its principal business address at Rosebank Centre, 11 Bermudiana Road, Pembroke, Bermuda. Peter C. Scull, a British citizen and a resident of Bermuda, is a Vice President of Butterfield. Peter C. Scull's principal business address is c/o Butterfield Trust (Bermuda) Limited, Rosebank Centre, 11 Bermudiana Road, Pembroke, Bermuda. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended to include the following: On October 21, 1999, certain assets beneficially owned by Butterfield Trust # 1487 FBO Lorraine G. Grace, including without limitation the 145,367 shares of Issuer reported in Registrants' Schedule 13D Amendment Number 1, representing Trust # 1487's entire holding in the shares of the Issuer, were distributed equally to seven new trusts of which Butterfield is also trustee. These seven new trusts are styled as follows: a. Butterfield Trust (Bermuda) Limited as Trustee of the Anne Grace Kelly Trust 99, b. Butterfield Trust (Bermuda) Limited as Trustee of the Gwendolyn Grace Trust 99, c. Butterfield Trust (Bermuda) Limited as Trustee of the Helen Grace Spenser Trust 99, d. Butterfield Trust (Bermuda) Limited as Trustee of the John S. Grace Trust 99, e. Butterfield Trust (Bermuda) Limited as Trustee of the Lorraine L. Grace Trust 99, 23 CUSIP NO. 730234101 Page 23 of 27 Pages f. Butterfield Trust (Bermuda) Limited as Trustee of the Oliver R. Grace, Jr. Trust 99, and g. Butterfield Trust (Bermuda) Limited as Trustee of the Ruth Grace Jervis Trust 99. Lorraine G. Grace is the mother of Gwendolyn Grace, John S. Grace and Oliver R. Grace, Jr., and the step-mother of Anne Grace Kelly, Helen Grace Spencer, Lorraine L. Grace and Ruth Grace Jervis. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is hereby amended as follows: According to Issuer's Form 10-Q for the period ended June 30, 2000, Issuer had 5,244,757 shares issued and outstanding on June 30, 2000. (a) The Registrants beneficially own an aggregate of 190,724 shares, representing approximately 3.64% 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 190,724 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 sold shares in the amounts and at the per share prices set forth on the table below. All of such transactions took place in the open market. 24 CUSIP NO. 730234101 Page 24 of 27 Pages
Amount of Price Shares Per Aggregate Seller Date Sold Share Price - --------------------- -------- --------- -------- --------- Anglo 09/19/00 6,600 $ 7.97 $ 52,594 Aviation 09/19/00 5,000 $ 7.97 $ 39,844 Diversified 09/19/00 13,400 $ 7.97 $106,781 Drake 09/19/00 110,612 $ 7.97 $881,439 FSLP 09/19/00 4,074 $ 7.97 $ 32,465 Global 09/07/00 10,000 $ 7.75 $ 77,497 09/11/00 5,000 $ 7.75 $ 38,749 09/12/00 10,000 $ 7.75 $ 77,497 Butterfield Trusts # 1550 09/19/00 43,245 $ 7.97 $344,609 FBO A.G. Kelly 09/19/00 13,867 $ 7.97 $110,503 FBO G. Grace 09/19/00 13,867 $ 7.97 $110,513 FBO H.G. Spencer 09/19/00 13,867 $ 7.97 $110,513 FBO J.S. Grace 09/19/00 13,867 $ 7.97 $110,513 FBO L.L. Grace 09/19/00 13,867 $ 7.97 $110,513 FBO O.R. Grace, Jr 09/19/00 13,867 $ 7.97 $110,513 FBO R.G. Jervis 09/19/00 13,867 $ 7.97 $110,513
(e) As a result of the transactions reported in Item 5(c) above, Registrants ceased to be the beneficial owners of shares of common stock of Issuer equal, in the aggregate, to five percent of the total number issued and outstanding on September 19, 2000. 25 CUSIP NO. 730234101 Page 25 of 27 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: Sept. 22, 2000 DRAKE ASSOCIATES, L.P. By: /S/ JOHN S. GRACE ------------------------------------ Name: John S. Grace Title: Chairman, Associated Asset Management, Inc., its General Partner Dated: Sept. 22, 2000 ANGLO AMERICAN SECURITY FUND L.P. By: /S/ JOHN S. GRACE ------------------------------------ Name: John S. Grace Title: General Partner Dated: Sept. 22, 2000 AVIATION SERVICES, L.P. By: /S/ LOLA N. GRACE ------------------------------------ Name: Lola N. Grace Title: General Partner Dated: Sept. 22, 2000 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 26 CUSIP No. 730234101 Page 26 of 27 Pages Dated: Sept. 22, 2000 GLOBAL STRATEGIC INVESTMENT HOLDINGS, INC. By: /S/ KEN MORGAN ------------------------------------ Name: Ken Morgan Title: Executive Officer of Woodbourne Corporation (BVI) Ltd., its Director Dated: Sept. 22, 2000 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: Sept. 22, 2000 LORRAINE MARIE GRACE L.P. By: /S/ JOHN S. GRACE ------------------------------------ Name: John S. Grace Title: President, Lorraine Marie Grace, Inc., its General Partner Dated: Sept. 22, 2000 STERLING GRACE CAPITAL MANAGEMENT, L.P. By: /S/ JOHN S. GRACE ------------------------------------ Name: John S. Grace Title: President, Sterling Grace Corp., its General Partner Dated: Sept. 22, 2000 VICTORIA ALICE GRACE, L.P. By: /S/ JOHN S. GRACE ------------------------------------ Name: John S. Grace Title: President, Victoria Alice Grace, Inc., its General Partner 27 CUSIP No. 730234101 Page 27 of 27 Pages Dated: Sept. 22, 2000 BUTTERFIELD TRUST (BERMUDA) LIMITED AS TRUSTEE OF THE FOLLOWING TRUSTS: - TRUST # 1487 FBO LORRAINE G. GRACE - TRUST # 1550 FBO OLIVER R. GRACE, JR., - THE ANNE GRACE KELLY TRUST 99, - THE GWENDOLYN GRACE TRUST 99, - THE HELEN GRACE SPENCER TRUST 99, - THE JOHN S. GRACE TRUST 99, - THE LORRAINE L. GRACE TRUST 99, - THE OLIVER R. GRACE, JR. TRUST 99, - THE RUTH GRACE JERVIS TRUST 99 By: /S/ PETER C. SCULL ------------------------------------ Name: Peter C. Scull Title: Vice President Dated: Sept. 22, 2000 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: Sept. 22, 2000 OBX, INC. By: /S/ OLIVER R. GRACE, JR. ------------------------------------ Name: Oliver R. Grace, Jr. Title: President -----END PRIVACY-ENHANCED MESSAGE-----