-----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, VtrZcGFq1v5EWFkbxTP+Ck9uZdD+cMv2EqEMEGqHx6hkzRf4SotjTG3DP9bjaWao PsdFk1RbDMs4S7+6gNEAlg== /in/edgar/work/0000912057-00-044532/0000912057-00-044532.txt : 20001013 0000912057-00-044532.hdr.sgml : 20001013 ACCESSION NUMBER: 0000912057-00-044532 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001012 GROUP MEMBERS: AEW L P GROUP MEMBERS: AEW PARTNERS, L.P. GROUP MEMBERS: AEW, INC. 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: 738867 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 a2027656zsc13da.txt SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5) 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. World Trade Center East Two Seaport Lane Boston, Massachusetts 02110-2021 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 1, 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 following pages) (Page 1 of 11 Pages) CUSIP No. 076446301 13D Page 2 of 11 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons AEW PARTNERS, L.P. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 110,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power NONE -------------------------------------------------- (9) Sole Dispositive Power 110,000 -------------------------------------------------- (10) Shared Dispositive Power NONE - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 110,000 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 3 of 11 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons AEW/L.P. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 110,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power NONE -------------------------------------------------- (9) Sole Dispositive Power 110,000 -------------------------------------------------- (10) Shared Dispositive Power NONE - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 110,000 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 4 of 11 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons AEW, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization MASSACHUSETTS - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 110,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power NONE -------------------------------------------------- (9) Sole Dispositive Power 110,000 -------------------------------------------------- (10) Shared Dispositive Power NONE - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 110,000 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 5 of 11 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons EASTRICH NO. 165 CORPORATION - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 110,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power NONE -------------------------------------------------- (9) Sole Dispositive Power 110,000 -------------------------------------------------- (10) Shared Dispositive Power NONE - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 110,000 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 6 of 11 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons BED PREFERRED NO. 2 LIMITED PARTNERSHIP - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 110,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power NONE -------------------------------------------------- (9) Sole Dispositive Power 110,000 -------------------------------------------------- (10) Shared Dispositive Power NONE - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 110,000 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- CUSIP No. 076446301 13D Page 7 of 11 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons BED PREFERRED NO. 1 LIMITED PARTNERSHIP - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 110,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power NONE -------------------------------------------------- (9) Sole Dispositive Power 110,000 -------------------------------------------------- (10) Shared Dispositive Power NONE - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 110,000 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 076446301 PAGE 8 OF 11 PAGES - -------------------------------------------------------------------------------- This Amendment No. 5 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, as the same has been amended. 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 110,000 shares of the Issuer's Common Stock representing, approximately 0.6% of the 18,640,826 shares of the Issuer's Common Stock believed to be outstanding. These shares include (i) 45,000 shares held directly by AEW Partners, L.P. upon the exercise of options that were originally held by the Estate of Thomas G. Eastman and (ii) 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 AEW Partners, L.P. 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 110,000 shares of the Issuer's Common Stock held by the Reporting Persons. - -------------------------------------------------------------------------------- CUSIP NO. 076446301 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 8/01/00 53,500 $19.32 8/02/00 20,900 $19.41 8/03/00 1,100 $19.25 8/14/00 55,300 $19.50 8/15/00 40,000 $19.51 8/16/00 13,000 $19.50 9/06/00 1,200 $19.38 9/07/00 6,500 $19.38 9/08/00 58,000 $19.38 9/11/00 100,000 $19.50 9/11/00 5,100 $19.75 9/11/00 960,767 $19.50 On each of the dates listed below, pursuant to the assignment of the Director Option Shares, AEW Partners, L.P, by direction to the Estate of Thomas G. Eastman, exercised its right to purchase the following Director Option Shares: DATE NUMBER OF SHARES PRICE PER SHARE 9/26/00 10,000 $18.82 9/26/00 10,000 $14.22 9/26/00 58,000 $11.85 (d) Not applicable. (e) Not applicable. - -------------------------------------------------------------------------------- CUSIP NO. 076446301 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: October 10, 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 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-----