-----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, QJPoqK9+2tMwOqiK4T+hoZMISVYZgyM7/PiiuwJD/n5zEE3R3cYvwrrv4St7/K2G Xm5Cc/NF47Wa7OVmeqYmvA== /in/edgar/work/20000707/0000912057-00-031135/0000912057-00-031135.txt : 20000920 0000912057-00-031135.hdr.sgml : 20000920 ACCESSION NUMBER: 0000912057-00-031135 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000707 GROUP MEMBERS: AEW L P GROUP MEMBERS: AEW PARTNERS,L.P. GROUP MEMBERS: AEW, INC. GROUP MEMBERS: AEW/L.P. GROUP MEMBERS: BED PREFERRED NO.1 LIMITED PARTNERSHIP GROUP MEMBERS: BED PREFERRED NO.2 LIMITED PARTNERSHIP GROUP MEMBERS: EASTRICH NO. 165 CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BEDFORD PROPERTY INVESTORS INC/MD CENTRAL INDEX KEY: 0000910079 STANDARD INDUSTRIAL CLASSIFICATION: [6798 ] IRS NUMBER: 680306514 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-43707 FILM NUMBER: 669373 BUSINESS ADDRESS: STREET 1: 270 LAFAYETTE CIRCLE STREET 2: P. O. BOX 1058 CITY: LAFAYETTE STATE: CA ZIP: 94549 BUSINESS PHONE: 510-283-89 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AEW L P CENTRAL INDEX KEY: 0001009014 STANDARD INDUSTRIAL CLASSIFICATION: [ ] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172619384 MAIL ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 SC 13D/A 1 sc13da.txt SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------------- SCHEDULE 13D (RULE 13d-101) (AMENDMENT NO. 3) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) Bedford Property Investors, Inc. - -------------------------------------------------------------------------------- (Name of issuer) Common Stock - -------------------------------------------------------------------------------- (Title of class of securities) 076446301 - -------------------------------------------------------------------------------- (CUSIP number) James J. Finnegan, Esq. AEW Capital Management, Inc. 225 Franklin Street Boston, Massachusetts 02110 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) June 15, 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 Rule 13d-1(b)(3) or (4), check the following box |_|. (Continued on the following pages) (Page 1 of 11 Pages) CUSIP No. 076446301 13D Page 2 of 11 Pages - ----------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AEW PARTNERS, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,893,767 ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH None ------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 1,893,767 ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,893,767 shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 3 of 11 Pages - ----------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AEW/L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,893,767 ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH None ------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 1,893,767 ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,893,767 shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 4 of 11 Pages - ----------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AEW, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,893,767 ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH None ------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 1,893,767 ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,893,767 shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 5 of 11 Pages - ----------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Eastrich No. 165 Corporation - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,893,767 ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH None ------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 1,893,767 ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,893,767 shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 6 of 11 Pages - ----------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bed Preferred No. 2 Limited Partnership - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,893,767 ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH None ------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 1,893,767 ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,893,767 shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 7 of 11 Pages - ----------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bed Preferred No. 1 Limited Partnership - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 1,893,767 ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH None ------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 1,893,767 ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,893,767 shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 8 of 11 Pages - ----------------------- ------------------- This Amendment No. 3 to Schedule 13D (this "Amendment") filed pursuant to Section 13d-2(a) of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), should be read in conjunction with the Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange Commission on August 11, 1999 via EDGAR. This Amendment amends the Schedule 13D only with respect to Item 5 as set forth below. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the date hereof, the Reporting Persons own an aggregate of 1,893,767 shares of the Issuer's Common Stock representing, approximately 10.1% of the 18,600,267 shares of the Issuer's Common Stock believed to be outstanding. These shares include (i) 1,783,767 shares held directly by Bed Preferred No. 1, (ii) 45,000 shares that may be purchased by Thomas G. Eastman or his estate upon the exercise of options, and (iii) 65,000 shares that may be purchased by Thomas H. Nolan, Jr. upon the exercise of options (the shares that may be purchased pursuant to options held by Messrs. Eastman and Nolan are hereinafter referred to as the "Director Option Shares"). Messrs. Eastman and Nolan were initially designated by Bed Preferred No. 1 to serve on the Board of Directors of the Issuer as the "Series A Directors" (see discussion in Item 6 below). Although Mr. Nolan continues to sit on the Board, he is not considered to be a designee of Bed Preferred No. 1 since the contractual rights of Bed Preferred No. 1 to designate any Board members terminated when the Series A Preferred Stock was converted into the Issuer's Common Stock. Each of Mr. Nolan and Mr. Eastman (who has since passed away) assigned to Bed Preferred No. 1 all of his rights to purchase the Director Option Shares. Such assignments are discussed further in Item 6. To the best knowledge of the Reporting Persons, as of the date hereof, none of the Reporting Persons, nor any officer or director of Eastrich No. 165 Corporation or AEW Inc. beneficially own any other shares of Common Stock of the Issuer. (b) The Reporting Persons have the sole power to direct the voting and disposition of the 1,893,767 shares of the Issuer's Common Stock held by the Reporting Persons. CUSIP No. 076446301 13D Page 9 of 11 Pages - ----------------------- ------------------- (c) Other than as set forth below, to the best knowledge of the Reporting Persons, none of the Reporting Persons nor any officer or director of Eastrich No. 165 Corporation or AEW Inc. has effected any transactions in the Common Stock during the past 60 days: On each of the dates listed below, the Reporting Persons sold the number of shares of the Issuer's Common Stock in an open market transaction at the price indicated. None of the shares sold were Director Option Shares.
Date Number of Shares Price Per Share ---- ---------------- --------------- 6/15/00 250,000 $18.13 6/19/00 17,000 $18.50 6/22/00 113,700 $18.50 6/23/00 3,500 $18.63 6/23/00 3,500 $18.75 6/29/00 25,300 $19.25 6/30/00 1,100 $19.25
(d) Not applicable. (e) Not applicable. CUSIP No. 076446301 13D Page 10 of 11 Pages - ----------------------- ------------------- SIGNATURE After due inquiry, to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: July 7, 2000 AEW PARTNERS, L.P. By: AEW/L.P., its general partner By: AEW, INC., its general partner By: /s/ James J. Finnegan ------------------------ AEW/L.P. By: AEW, INC., its general partner By: /s/ James J. Finnegan -------------------------- AEW, INC. By: /s/ James J. Finnegan ------------------------------ CUSIP No. 076446301 13D Page 11 of 11 Pages - ----------------------- ------------------- (SIGNATURES CONTINUED) BED PREFERRED NO. 1 LIMITED PARTNERSHIP By: BED PREFERRED NO. 2 LIMITED PARTNERSHIP, its general partner By: EASTRICH NO. 165 CORPORATION, its general partner By: /s/ James J. Finnegan ------------------------ BED PREFERRED NO. 2 LIMITED PARTNERSHIP By: EASTRICH NO. 165 CORPORATION, its general partner By: /s/ James J. Finnegan --------------------------- EASTRICH NO. 165 CORPORATION By: /s/ James J. Finnegan ------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----