-----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, G+7GFTVlwhk+JS9/AYntEnqaMVvqsftw0g574S2DXIS82rZ1pIt1ajfh9g3yuHqS b1ZvhGWrZUfyzuxIaeN94A== 0000912057-96-002348.txt : 19960216 0000912057-96-002348.hdr.sgml : 19960216 ACCESSION NUMBER: 0000912057-96-002348 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OAKHURST CO INC CENTRAL INDEX KEY: 0000874238 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MOTOR VEHICLE SUPPLIES & NEW PARTS [5013] IRS NUMBER: 251655321 STATE OF INCORPORATION: DE FISCAL YEAR END: 0303 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41786 FILM NUMBER: 96517480 BUSINESS ADDRESS: STREET 1: 1001 SANTERRE CITY: GRAND PRAIRIE STATE: TX ZIP: 15238 BUSINESS PHONE: 2146604499 MAIL ADDRESS: STREET 1: 1001 SANTERRE CITY: GRAND PRAIRIE STATE: TX ZIP: 75050 FORMER COMPANY: FORMER CONFORMED NAME: OAKHURST CAPITAL INC DATE OF NAME CHANGE: 19931130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PENFIELD PARTNERS L P CENTRAL INDEX KEY: 0000844240 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 153 EAST 53RD STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127537878 MAIL ADDRESS: STREET 2: 153 EAST 53RD STREET CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1 )* ------ Oakhurst Capital, Inc. ---------------------------------- (Name of Issuer) Common Stock, $.01 Par Value ---------------------------------- (Title of Class of Securities) 672202108 ---------------------------------- (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 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). Page 1 of 12 Pages SEC 1745 (2/92) CUSIP No. 672202108 13G Page 2 of 12 Pages --------- --- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Penfield Partners, L.P. ("The Fund") F13-3494422 - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- (5) SOLE VOTING POWER 43,400 NUMBER OF SHARES -------------------------------------------------- BENEFICIALLY OWNED BY (6) SHARED VOTING POWER EACH REPORTING None PERSON -------------------------------------------------- WITH (7) SOLE DISPOSITIVE POWER 43,400 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 43,400 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.4 - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IV - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 672202108 13G Page 3 of 12 Pages --------- --- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Pine Creek Advisers, Limited Partnership ("Pine Creek") F13-3749534 - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- (5) SOLE VOTING POWER None NUMBER OF SHARES -------------------------------------------------- BENEFICIALLY OWNED BY (6) SHARED VOTING POWER EACH REPORTING None PERSON -------------------------------------------------- WITH (7) SOLE DISPOSITIVE POWER 43,400 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 43,400 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.4 - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 672202108 13G Page 4 of 12 Pages --------- --- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS William D. Witter, Inc. ("Witter, Inc.") F13-2879276 - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------- (5) SOLE VOTING POWER 132,000 NUMBER OF SHARES -------------------------------------------------- BENEFICIALLY OWNED BY (6) SHARED VOTING POWER EACH REPORTING None PERSON -------------------------------------------------- WITH (7) SOLE DISPOSITIVE POWER 175,400 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 175,400 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.5 - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 672202108 13G Page 5 of 12 Pages --------- --- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS William D. Witter ###-##-#### - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- (5) SOLE VOTING POWER 132,000 NUMBER OF SHARES -------------------------------------------------- BENEFICIALLY OWNED BY (6) SHARED VOTING POWER EACH REPORTING 43,400 PERSON -------------------------------------------------- WITH (7) SOLE DISPOSITIVE POWER 175,400 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 175,400 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.5 - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 6 of 12 Pages Item 1. (a) NAME OF ISSUER: Oakhurst Capital, Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 630 Alpha Drive, Pittsburgh, PA 15238-8364 Item 2. (a)-(c)NAME OF PERSON FILING; ADDRESS OF PRINCIPAL BUSINESS OFFICE; AND PLACE OF ORGANIZATION: This statement is filed on behalf of (i) Penfield Partners, L.P., a Delaware limited partnership (the "Fund"), (ii) Pine Creek Advisers Limited Partnership, a Delaware Limited Partnership ("Pine Creek"), (iii) William D. Witter, Inc. ("Witter, Inc.") and (iv) William D. Witter. Each of the foregoing is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." The principal office and business address of the Reporting Persons is 153 East 53rd St., 51st Floor, New York, NY 10022. The business of the Fund is to acquire, purchase, invest in, sell, convey, transfer, exchange and otherwise trade in principally equity and equity related securities. Pine Creek is a general partner of and investment adviser to the Fund. Pine Creek is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. The principal business of Pine Creek is to act as a general partner of and investment adviser to the Fund. Page 7 of 12 Pages Witter, Inc. is the sole general partner of Pine Creek. Witter, Inc. is a New York corporation registered as an investment adviser under the Advisers Act of 1940 and also serves as the investment adviser to institutional and individual clients. William D. Witter is the President and 98.6% shareholder of Witter, Inc. Mr. Witter is also an Individual General Partner of the Fund and is principally responsible for the selection, acquisition and disposition of the portfolio securities by Witter, Inc. on behalf of Pine Creek and the Fund. 2(b) TITLE OF CLASS OF SECURITIES: See cover sheets. 2(c) CUSIP NUMBER: See cover sheets. Item 3. THIS SCHEDULE IS BEING FILED PURSUANT TO RULE 13d-1(b): (a) ( ) 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) (x) Investment Company registered under section 8 of the Investment Company Act Page 8 of 12 Pages (e) (x) Investment Adviser registered under section 203 of the Investment Advisers 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 (g) (x) Parent Holding Company, in accordance with SECTION 240.13d-1 (b) (ii) (G) (h) ( ) Group, in accordance with SECTION 240.13d-1 (b) (1) (ii) (H) See Exhibit A attached hereto. Item 4. OWNERSHIP: (a) AMOUNT BENEFICIALLY OWNED: 175,400 shares of Common Stock are beneficially owned by Witter, Inc. and William D. Witter. This amount is composed of 43,400 shares owned by the Fund and 132,000 shares owned by William D. Witter, Inc. (b) PERCENT OF CLASS: 5.5 percent of the Common Stock are beneficially owned by Witter, Inc. and William D. Witter. 1.4 percent of the common stock are owned by the Fund and Pine Creek. (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS RIGHTS TO VOTE AND/OR DISPOSE OF SECURITIES: The Fund has the sole power to vote or to direct the vote and to dispose or to direct the disposition of all securities reported hereby which are beneficially owned by the Fund. William D. Witter has the Page 9 of 12 Pages sole power to vote or to direct the vote of 132,000 shares by virtue of being the President and primary owner of Witter, Inc. William D. Witter has shared power to vote or to direct the vote of 43,400 shares by virtue of being an Individual General Partner of the Fund. Pine Creek, Witter, Inc. and William D. Witter have the sole power to dispose or to direct the disposition of all securities reported hereby which are beneficially owned respectively by Pine Creek, Witter, Inc. and William D. Witter. Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more that five percent of the class of securities, check the following X . Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: The 132,000 shares owned directly by Witter, Inc. are held on behalf of various clients of the firm. These clients have the right to receive or power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. Page 10 of 12 Pages Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: See Exhibit A attached hereto. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not applicable. Item 9. NOTICES OF DISSOLUTION OF GROUP: Not applicable. Item 10. CERTIFICATION: Each of the undersigned certifies that, to the best of his knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were 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 purpose or effect. Page 11 of 12 Pages SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 2, 1996 ------------------------ PENFIELD PARTNERS, L.P. By:/s/WILLIAM D. WITTER -------------------- William D. Witter Individual General Partner PINE CREEK ADVISERS LIMITED PARTNERSHIP By:/s/ WILLIAM D. WITTER --------------------- William D. Witter General Partner WILLIAM D. WITTER, INC. By:/s/ WILLIAM D. WITTER --------------------- William D. Witter President Page 12 of 12 Pages EXHIBIT A This Exhibit explains the relationship between the Reporting Persons. Pine Creek Advisers Limited Partnership is registered as an investment adviser under the Advisers Act of 1940. Prior to his death on January 21, 1995, Donald A. Herman was the sole general partner of Pine Creek and Witter, Inc. was the sole limited partner. Pine Creek was reconstituted, effective March 31, 1995, with Witter, Inc. as the sole general partner and Jeffrey E. Schuss as the sole limited partner. Pine Creek was formed for the purpose of acting as the Fund's investment adviser. William D. Witter, Inc. is a New York corporation registered as an investment adviser under the Advisers Act, and the sole general partner of Pine Creek. Witter, Inc. serves as an investment adviser for individuals and institutions. William D. Witter is the President of William D. Witter, Inc. and serves as an Individual General Partner to the Fund. -----END PRIVACY-ENHANCED MESSAGE-----