-----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, J2gvgqoQwxWbocCf/I6yVI3H2nOuvDjKTxy9dmb0OUhWkxlxrRy3KQ6Ks5zsFDk7 1bWnhm3mp94GTe7BSky0jw== 0000315090-96-000004.txt : 19960826 0000315090-96-000004.hdr.sgml : 19960826 ACCESSION NUMBER: 0000315090-96-000004 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960823 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROPERTY CAPITAL TRUST CENTRAL INDEX KEY: 0000080718 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 042452367 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-09987 FILM NUMBER: 96620106 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: 21ST FLR CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174512400 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: 21ST FLOOR CITY: BOSTON STATE: MA ZIP: 02109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BUFFETT WARREN E CENTRAL INDEX KEY: 0000315090 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1440 KIEWIT PLZ 3555 FARNAM ST STREET 2: STE 1440 CITY: OMAHA STATE: NE ZIP: 68131 MAIL ADDRESS: STREET 1: 1400 KIEWIT PLZ 3555 FARNAM ST STREET 2: STE 1440 CITY: OMAHA STATE: NE ZIP: 68131 SC 13D/A 1 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities and Exchange Act of 1934 (Amendment No.1)1 Property Capital Trust ---------------------- (Name of Issuer) Common Stock ----------------------- (Title of Class of Securities) 743437 10 5 ------------- (CUSIP Number) Warren E. Buffett 1440 Kiewit Plaza, Omaha, Nebraska 68131 (402) 346-1400 ----------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 20, 1996 ----------------------------- (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 [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting 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.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on following pages) Page 1 of 4 Pages ___________________ 1 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). 2 Cusip No. 743437 10 5 Page 2 of 4 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Warren E. Buffett, ###-##-#### 2. Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds* PF 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization United States citizen 7. Sole Voting Power 725,900 NUMBER OF SHARES BENEFICIALLY 8. Shared Voting Power OWNED BY EACH -0- REPORTING PERSON 9. Sole Dispositive Power 725,900 10. Shared Dispositive Power -0- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 725,900 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] 13. Percent of Class Represented by Amount in Row (11) 8.0% 14. Type of Reporting Person* IN 3 Cusip No. 743437 10 5 Page 3 of 4 ITEM 1. SECURITY AND ISSUER This Schedule 13D is filed with respect to the Common Stock without par value of Property Capital Trust ("PCT"), One Post Office Square, Boston Massachusetts 02109. ITEM 2. IDENTITY AND BACKGROUND This Schedule 13D is filed by Warren E. Buffett (an individual and a United States citizen), 1440 Kiewit Plaza, Omaha, Nebraska 68131. The principal occupation of Warren E. Buffett is to serve as Chairman of the Board of Directors and Chief Executive Officer of Berkshire Hathaway Inc. ("Berkshire"), 1440 Kiewit Plaza, Omaha, Nebraska 68131. Berkshire is a holding company owning subsidiaries engaged in a number of diverse business activities, the most important of which is the property and casualty insurance and reinsurance business. Warren E. Buffett has not been convicted, during the past five years, in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the past five years, he has not been a party to a civil proceeding resulting in a judgment, decree or final order relating to any violation of federal or state securities laws. ITEM 3. SOURCE AND AMOUNTS OF FUNDS OR OTHER CONSIDERATION The 725,900 shares of Common Stock described in Item 5 over which Mr. Buffett has sole voting and investment power were purchased at a cost of $6,158,628.47. No borrowed funds were used for purchases of the securities. ITEM 4. PURPOSE OF TRANSACTION The purpose of the purchases by Mr. Buffett was to acquire shares for investment. Mr. Buffett may purchase additional shares of PCT stock from time to time depending upon price, market conditions, availability of funds, evaluation of other investment opportunities, and other factors. Although Mr. Buffett has no present intention to sell any shares of PCT, he could determine from time to time, based upon the same set of factors just listed, to sell some or all of the shares of PCT held. Except as stated above, Mr. Buffett does not have any plan or proposal which relates to any of the matters set forth in Item 4(a)-(j) of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER a. Warren E. Buffett owns 725,900 shares of PCT Common Stock, or approximately 8.0% of the outstanding shares (based upon 9,092,424 shares of common stock of PCT outstanding, as reported in PCT's Quarterly Report on Form 10-Q for the quarter ended April 30, 1996). b. Mr. Buffett has sole power to vote and dispose of the 725,900 shares held by him. 4 Cusip No. 743437 10 5 Page 4 of 4 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (continued) c. During the past sixty days, Mr. Buffett acquired common shares of PCT in an open market transactions. Those transactions are shown below: Date Number of Aggregate Cost per Acquired Shares Cost Share -------- ---------- ------------- -------- July 11, 1996 10,000 $ 79,000.00 $ 7.9000 July 12, 1996 3,100 24,102.50 7.7750 July 15, 1996 6,500 49,725.00 7.6500 August 05, 1996 5,700 45,742.50 8.0250 August 07, 1996 5,700 45,030.00 7.9000 August 08, 1996 1,700 13,430.00 7.9000 August 12, 1996 300 2,370.00 7.9000 August 13, 1996 800 6,320.00 7.9000 August 14, 1996 600 4,740.00 7.9000 August 15, 1996 500 3,962.50 7.9250 August 19, 1996 1,500 11,850.00 7.9000 August 20, 1996 2,000 15,800.00 7.9000 August 22, 1996 24,500 196,612.50 8.0250 d. Not applicable. e. Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Not applicable. 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. Dated the 23rd day of August, 1996. /s/ Warren E. Buffett ____________________________________ Warren E. Buffett -----END PRIVACY-ENHANCED MESSAGE-----