-----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, JnFIETEAKHk01v8UoXXgk8uprb+/fAzttQzYyHjjaecovgvQ/369Syl1/Hp8/21F 6cMdpuwzZ7RDt4jsZRSLug== 0000318380-96-000039.txt : 19960629 0000318380-96-000039.hdr.sgml : 19960629 ACCESSION NUMBER: 0000318380-96-000039 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960627 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARTNERS PREFERRED YIELD INC CENTRAL INDEX KEY: 0000870825 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954325987 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42145 FILM NUMBER: 96586776 BUSINESS ADDRESS: STREET 1: 600 NORTH BRAND BLVD SUITE 300 CITY: GLENDALE STATE: CA ZIP: 91203-1241 BUSINESS PHONE: 8182448080 MAIL ADDRESS: STREET 1: 600 NORTH BRAND BLVD STREET 2: SUITE 300 CITY: GLENDALE STATE: CA ZIP: 91203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC STORAGE INC /CA CENTRAL INDEX KEY: 0000318380 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 953551121 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 600 N BRAND BLVD STREET 2: SUITE 300 CITY: GLENDALE STATE: CA ZIP: 91203 BUSINESS PHONE: 8182448080 FORMER COMPANY: FORMER CONFORMED NAME: STORAGE EQUITIES INC DATE OF NAME CHANGE: 19920703 SC 13D/A 1 SCHEDULE 13D AMENDMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3 )* Partners Preferred Yield, Inc. (Name of Issuer) Common Stock Series A (Title of Class of Securities) 702126 10 3 (CUSIP Number) David Goldberg, 701 Western Avenue, Suite 200, Glendale, California 91201-2397, 818/244-8080, ext. 529 --------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 21, 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. *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). SCHEDULE 13D CUSIP No. 702126 10 3 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Public Storage, Inc. 2 Check the Appropriate Box if a Member of a Group* a. [ ] b. [ ] 3 SEC Use Only 4 Source of Funds* WC 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization California NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 Sole Voting Power 422,303 8 Shared Voting Power N/A 9 Sole Dispositive Power 422,303 10 Shared Dispositive Power N/A 11 Aggregate Amount Beneficially Owned by Each Reporting Person 422,303 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] 13 Percent of Class Represented by Amount in Row (11) 13.68% 14 Type of Reporting Person* CO The Statement on Schedule 13D dated November 16, 1995, as amended and restated by Amendment No. 1 dated March 20, 1996 and Amendment No. 2 dated April 22, 1996 (the "Schedule 13D") filed by Public Storage, Inc. (the "Reporting Person"), relating to the Common Stock Series A, par value $.01 per share (the "Common Stock Series A" or the "Series A Shares"), of Partners Preferred Yield, Inc., a California corporation (the "Issuer"), is amended by this Amendment No. 3 as set forth below. Defined terms that are not defined herein have the meanings assigned to those terms in the Schedule 13D. Item 1. Security and Issuer The address of the principal executive office of the Issuer is 701 Western Avenue, Suite 200, Glendale, California 91201-2397. Item 2. Identity and Background The address of the Reporting Person's principal executive office is 701 Western Avenue, Suite 200, Glendale, California 91201-2397. Item 3. Source and Amount of Funds or Other Consideration The 168,000 Series A Shares acquired by the Reporting Person (as of June 21, 1996) other than in the Merger were purchased for an aggregate cost (including commissions) of approximately $2,659,215, with funds obtained from the Reporting Person's working capital. Item 5. Interest in Securities of the Issuer As of June 21, 1996, the Reporting Person beneficially owned 422,303 Series A Shares, representing approximately 13.68% of the 3,086,428 Series A Shares outstanding. The Reporting Person has the sole power to vote and the sole power to dispose of all of these shares. During the period commencing April 25, 1996 (i.e., after the date of the last transaction reported in the Schedule 13D) and ending June 21, 1996, the Reporting Person engaged in the following acquisitions of Series A Shares at the following prices (not including commissions): No. of Price Series A Type per Transaction Shares of Series A Date Bought Transaction Share ----------- -------- ----------- -------- 4/29/96 1,600 open market $16.625 4/30/96 1,600 open market $16.625 5/02/96 1,400 open market $16.625 5/02/96 200 open market $16.50 5/10/96 1,000 open market $16.625 5/10/96 400 open market $16.375 5/13/96 4,800 open market $16.625 5/13/96 600 open market $16.50 5/15/96 1,100 open market $16.625 5/16/96 800 open market $16.625 5/16/96 300 open market $16.50 5/17/96 100 open market $16.375 5/20/96 1,300 open market $16.625 5/22/96 1,100 open market $16.625 5/22/96 200 open market $16.375 5/23/96 1,200 open market $16.625 5/23/96 100 open market $16.375 5/28/96 800 open market $16.375 5/29/96 800 open market $16.25 6/03/96 100 open market $16.50 6/04/96 700 open market $16.50 6/06/96 400 open market $16.125 6/07/96 500 open market $16.125 6/10/96 200 open market $16.125 6/11/96 700 open market $16.00 6/12/96 700 open market $16.00 6/13/96 700 open market $16.00 6/14/96 500 open market $16.00 6/17/96 200 open market $16.25 6/18/96 500 open market $16.75 6/19/96 5,300 open market $16.625 6/19/96 100 open market $16.50 6/20/96 300 open market $16.375 6/21/96 2,300 open market $16.625 6/21/96 200 open market $16.375 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: June 27, 1996 PUBLIC STORAGE, INC. By: /s/ SARAH HASS ------------------------- Sarah Hass Vice President -----END PRIVACY-ENHANCED MESSAGE-----