-----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, FsDfnXMT1T5XU8rqlYNYn1+/eh15hiFZeDPExyhCf5FgllW3nurE7B4pqzwSxWFp 8qugugSuNu+yp8ZaE3ejYw== 0000914260-05-000078.txt : 20050415 0000914260-05-000078.hdr.sgml : 20050415 20050415141104 ACCESSION NUMBER: 0000914260-05-000078 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050415 DATE AS OF CHANGE: 20050415 GROUP MEMBERS: ROBERT H. EDER 2005 TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROVIDENCE & WORCESTER RAILROAD CO/RI/ CENTRAL INDEX KEY: 0000831968 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 050344399 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-39951 FILM NUMBER: 05753212 BUSINESS ADDRESS: STREET 1: 75 HAMMOND ST CITY: WORCESTER STATE: MA ZIP: 01610 BUSINESS PHONE: 5087554000 MAIL ADDRESS: STREET 1: PROVIDENCE & WORCESTER RAILROAD CO STREET 2: 75 HAMMOND STREET CITY: WORCESTER STATE: MA ZIP: 01610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CARLOTTI STEPHEN J CENTRAL INDEX KEY: 0001084723 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 4012742000 MAIL ADDRESS: STREET 1: 1500 FLEET CENTER CITY: PROVIDENCE STATE: RI ZIP: 02903 SC 13D 1 schedule13dcarlotti.htm SCHEDULE 13D CARLOTTI & 2005 EDER TRUST Schedule 13D Carlotti 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13D

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. )*

                    Providence and Worcester Railroad Company
- -------------------------------------------------------------------------------
                                (Name of Issuer)

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

                                    743737108
- -------------------------------------------------------------------------------
                                 (CUSIP Number)

   Margaret D. Farrell, 1500 Fleet Center, Providence, RI 02903 (401) 274-2000
- -------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                  April 6, 2005
- -------------------------------------------------------------------------------
             (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 Rule  13d-1(e),  13d-1(f) or 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 Rule  240.13d-7 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  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes). CUSIP NO. 140430 10 9




i.

(1)      Names of Reporting Persons
         I.R.S. Identification Nos. of Above Persons (entities only)
         Stephen J. Carlotti
         ------------------------------------------------------------------------------------------------------------
(2)      Check the Appropriate Box if a Member of a Group*             (a)      [  ]
                                                                       (b)      [X]
         ------------------------------------------------------------------------------------------------------------
(3)      SEC Use Only
         ------------------------------------------------------------------------------------------------------------
(4)      Source of Funds (See Instructions)
         OO
         ------------------------------------------------------------------------------------------------------------
(5)      Check if Disclosure of Legal Proceedings is Required
         Pursuant to Items 2(d) or 2(e)                       [    ]
         Not Applicable
         ------------------------------------------------------------------------------------------------------------
(6)      Citizenship or Place of Organization
         United States of America
         ------------------------------------------------------------------------------------------------------------
                           (7)      Sole Voting Power

Number of                           842,842
Shares                     ------------------------------------------------------------------------------------------
Beneficially               (8)      Shared Voting Power
Owned by                            0
Each                       ------------------------------------------------------------------------------------------
Reporting                  (9)      Sole Dispositive Power
Person With                         842,842
                           ------------------------------------------------------------------------------------------
                           (10)     Shared Dispositive Power
                                    0
                           ------------------------------------------------------------------------------------------
(11)     Aggregate Amount Beneficially Owned by Each Reporting Person
         842,742
         -----------------------------------------------------------------------------------------------------------
(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain
         Shares (See Instructions)                            [   ]

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




ii.
(1)      Names of Reporting Persons
         I.R.S. Identification Nos. of Above Persons (entities only)
         Robert H. Eder 2005 Trust
         ------------------------------------------------------------------------------------------------------------
(2)      Check the Appropriate Box if a Member of a Group*             (a)      [  ]
                                                                       (b)      [X]
         ------------------------------------------------------------------------------------------------------------
(3)      SEC Use Only
         ------------------------------------------------------------------------------------------------------------
(4)      Source of Funds (See Instructions)
         OO
         ------------------------------------------------------------------------------------------------------------
(5)      Check if Disclosure of Legal Proceedings is Required
         Pursuant to Items 2(d) or 2(e)                       [    ]
         Not Applicable
         ------------------------------------------------------------------------------------------------------------
(6)      Citizenship or Place of Organization
         United States of America
         ------------------------------------------------------------------------------------------------------------
                           (8)      Sole Voting Power
Number of                           768,162
Shares                     ------------------------------------------------------------------------------------------
Beneficially               (9)      Shared Voting Power
Owned by                            0
Each                       ------------------------------------------------------------------------------------------
Reporting                  (10)     Sole Dispositive Power
Person With                         768,162
                           ------------------------------------------------------------------------------------------
                           (11)     Shared Dispositive Power
                                    0
                           ------------------------------------------------------------------------------------------
(11)     Aggregate Amount Beneficially Owned by Each Reporting Person
         768,162
         -----------------------------------------------------------------------------------------------------------
(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain
         Shares (See Instructions)                            [   ]

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



ITEM 1.  SECURITY AND ISSUER.

Common  Stock,  $.50 par  value  per  share  ("Common  Stock").  Providence  and
Worcester Railroad Company, 75 Hammond Street, Worcester, MA 01610.

ITEM 2.  IDENTITY AND BACKGROUND.

(a)       (i) Stephen J. Carlotti
         (ii) Robert H. Eder 2005 Trust

(b)      (i), (ii)         c/o Hinckley, Allen & Snyder, LLP
                           1500 Fleet Center
                           Providence, Rhode Island 02903


(c)      (i) Partner, Hinckley, Allen & Snyder LLP
             1500 Fleet Center
             Providence, Rhode Island 02903

        (ii) Trust

         (d)      (i), (ii) None

         (e)      (i), (ii) None

(f)      (i), (ii) United States of America

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

Except  for 100  shares of the  issuer's  common  stock  owned  directly  by Mr.
Carlotti,  the securities described herein as beneficially owned by Mr. Carlotti
were  transferred by Robert H. Eder and Mr. Eder's spouse,  Linda Eder, into two
separate trusts, the Robert H. Eder 2005 Trust and the Linda Eder 2005 Trust, of
which Mr.  Carlotti  is  trustee.  The Robert H. Eder 2005 Trust  holds  768,162
shares of the  issuer's  common stock and the Linda Eder 2005 Trust holds 74,580
shares of the issuers common stock.  The shares held by Mr.  Carlotti as trustee
of the aforementioned  trusts and by the Robert H. Eder 2005 Trust were acquired
by Mr. and Mrs. Eder with their personal funds.  The shares held directly by Mr.
Carlotti were acquired with his personal funds.

ITEM 4.  PURPOSE OF TRANSACTION.

Except  for 100  shares of the  issuer's  common  stock  owned  directly  by Mr.
Carlotti, the shares described herein were transferred by Robert H. Eder and his
spouse,  Linda Eder into the Robert H. Eder 2005 Trust and Linda Eder 2005 Trust
by Robert H. Eder of which Mr.  Carlotti  serves as trustee for estate  planning
purposes. Mr. Eder who serves as a Director of the issuer, and his spouse, Linda
Eder,  acquired  the  shares  held by the  trusts  over  time as an  investment.
Pursuant to the trust  agreements,  Mr. Carlotti has sole power and control over
the voting,  transfer and disposition of such shares.  None of Mr. Carlotti,  in
his capacity as trustee, nor the Robert H. Eder 2005 Trust have any plans, which
relate to or would result in: (a) the  acquisition  by any person of  additional
securities of the issuer,  or the  disposition  of the securities of the issuer;
(b) an extraordinary corporate transaction, such as a merger, reorganization, or
liquidation,  involving  the  issuer or any of its  subsidiaries;  (c) a sale or
transfer  of  a  material  amount  of  assets  of  the  issuer  or  any  of  its
subsidiaries;  (d) any change in the present board of directors or management of
the issuer,  including  any plans or  proposals  to change the number or term of
directors  or to fill any  existing  vacancies  on the board;  (e) any  material
change in the present  capitalization or dividend policy of the issuer;  (f) any
other  material  change in the  issuer's  business or corporate  structure;  (g)
changes in the issuer's charter, by-laws or instruments corresponding thereto or
other actions which may impede the  acquisition  of control of the issuer by any
person;  (h) causing a class of  securities  of the issuer to be delisted from a
national  securities  exchange or to cease to be  authorized  to be quoted in an
inter-dealer  quotation system of a registered national securities  association;
(i) a class of equity securities of the issuer becoming eligible for termination
of  registration  pursuant  to Section  12(g)(4)  of the Act;  or (j) any action
similar to any of those enumerated above.


ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

          (a) (i) The aggregate number of securities identified pursuant to Item
          1 beneficially owned by Mr. Carlotti is 842,842, representing 18.8% of
          the 4,481,784 shares of the issuer's Class A Common Stock  outstanding
          on April 1,  2005,  of which  768,162  shares are held in trust by the
          Robert H. Eder 2005 Trust of which Mr.  Carlotti  is  trustee,  74,580
          shares  are held in trust by the Linda  Eder  2005  Trust of which Mr.
          Carlotti is trustee and 100 shares are held directly by Mr. Carlotti.

          (ii) The aggregate number of securities  identified pursuant to Item 1
          beneficially  owned by the  Robert  H.  Eder  2005  Trust is  768,162,
          representing  17.1% of the  4,481,784  shares of the issuer's  Class A
          Common Stock outstanding on April 1, 2005.

          (b) (i) The number of shares as to which Mr.  Carlotti  has sole power
          to vote or to direct the vote is  842,842;  the number of shares as to
          which  there is shared  power to vote or to direct  the vote is 0; the
          number of  shares as to which  there is sole  power to  dispose  or to
          direct the  disposition  is 842,842;  the number of shares as to which
          there is shared power to dispose or direct the disposition is 0.

          (ii) The  number of shares as to which the  Robert H. Eder 2005  Trust
          has sole power to vote or to direct the vote is 768,162; the number of
          shares as to which there is shared power to vote or to direct the vote
          is 0; the number of shares as to which  there is sole power to dispose
          or to direct the  disposition  is 768,162;  the number of shares as to
          which there is shared power to dispose or direct the disposition is 0.

(c)      (i), (ii) None

(d)      (i), (ii) Not applicable.

(e)      (i), (ii) Not applicable.

ITEM 6.   CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

     Mr. Carlotti serves as trustee of the Robert H. Eder 2005 Trust pursuant to
a trust agreement.

ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS.


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.


Date:  April 14, 2005                       /s/ Stephen J. Carlotti
                                                -----------------------------------------------------
                                                Stephen J. Carlotti


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.


Date:  April 14, 2005                           Robert H. Eder 2005 Trust


                                             By: /s/ Stephen J. Carlotti
                                                    ------------------------------------------------
                                               Name: Stephen J. Carlotti
                                                     Title: Trustee
-----END PRIVACY-ENHANCED MESSAGE-----