-----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, Q9hurcxJfEkRSJKAVxmoMiJ+QmmUuJBZDkZuIPIzp7FXuPeyLwpXNrBBYvoPBB87 +Q7Eqobq95b2QyO+W59Gaw== 0000950150-03-000130.txt : 20030131 0000950150-03-000130.hdr.sgml : 20030131 20030131171931 ACCESSION NUMBER: 0000950150-03-000130 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030131 GROUP MEMBERS: MICHAEL A. STEINBERG GROUP MEMBERS: MICHAEL A. STEINBERG & COMPANY, INC. 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 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39951 FILM NUMBER: 03535249 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: STEINBERG PRIEST CAPITAL MANAGEMENT CO INC CENTRAL INDEX KEY: 0000791205 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 1202 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129800080 MAIL ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 1202 CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: STEINBERG ASSET MANAGEMENT COMPANY INC DATE OF NAME CHANGE: 19970307 SC 13G/A 1 a87303sc13gza.txt AMENDMENT NO.4 TO SCHEDULE 13G Page 1 of 8 Pages SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4) Providence and Worcester Railroad Company ----------------------------------------- (Name of Issuer) Common Stock ----------------------------------------- (Title of Class of Securities) 743737108 ----------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement __. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 743737108 13G/A Page 2 of 8 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Steinberg Priest & Sloane Capital Management, LLC. --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] --------------------------------------------------------------------- 3 SEC USE ONLY --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware --------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 231,300 SHARES --------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH --------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 231,300 --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 --------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 231,300 --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.21% --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 743737108 13G/A Page 3 of 8 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael A. Steinberg & Company, Inc. --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] --------------------------------------------------------------------- 3 SEC USE ONLY --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware --------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH --------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 44,400 --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 --------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,400 --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.00% --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BD --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 743737108 13G/A Page 4 of 8 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael A. Steinberg --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] --------------------------------------------------------------------- 3 SEC USE ONLY --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware --------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 233,170 SHARES --------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH --------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 233,170 --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 --------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 233,170 --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.25% --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 5 of 8 SCHEDULE 13G Item 1 (a) Name of Issuer: Providence and Worcester Railroad Company (b) Address of Issuer's Principal Executive Offices: 75 Hammond Street Worcester, MA 01610 Item 2 (a) Name of Person filing: 1. Steinberg Priest & Sloane Capital Mgmt., LLC. 2. Michael A. Steinberg & Co., Inc. 3. Michael A. Steinberg (b) Address of Principal Business Office: 12 East 49th Street, New York, NY 10017 (c) Citizenship: 1. State of Delaware 2. State of Delaware 3. State of New York (d) Title of Class of Securities: Common Stock (e) Cusip Number: 743737108 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [X] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in Section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (d) [ ] Investment Company registered under Section 8 of the Investment Company Act (e) [X] Investment Advisor registered under Section 203 of the Investment Advisors Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(1)(ii)(G) (h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(k) Page 6 of 8 Pages Item 4 Ownership: (a) Amount beneficially owned: 508,870 (b) Percent of Class: 11.46 (c) Number of Shares as to which such person has (i) Sole power to vote or to direct the vote: 464,470 (ii) Shared power to vote or direct the vote: none (iii) Sole power to dispose or direct the disposition: 508,870 (iv) Shared power to dispose or direct the disposition of: none Item 5 Ownership of Five Percent or less of a Class, Not Applicable Item 6 No client or other person known to the Reporting Persons has an interest that relates to 5% or more of this Security. Item 7 Not Applicable Item 8 Not Applicable Item 9 Not Applicable Item 10 Certification: By signing below I certify that to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Page 7 of 8 Pages Exhibit A Michael A. Steinberg may be deemed to have beneficial ownership of the securities beneficially owned by Steinberg Priest & Sloane Capital Mgmt., LLC. and Michael A. Steinberg & Company, Inc. In addition, the securities reported as beneficially owned by Michael A. Steinberg include securities held by Mr. Steinberg's wife and children as well as securities held in trust for Mr. Steinberg's children of which Mr. Steinberg is trustee. Page 8 of 8 Pages 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. January 28, 2002 ----------------- Date /s/ Jim Capezzuto ----------------------------- Signature Jim Capezzuto/Compliance ----------------------------- Name/Title -----END PRIVACY-ENHANCED MESSAGE-----