SEC Info - Drake Associates Limited Partnership, et al. - ‘SC 13D/A’ on 10/5/00 re: Pocahontas Bancorp Inc

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Drake Associates Limited Partnership, et al. – ‘SC 13D/A’ on 10/5/00 re: Pocahontas Bancorp Inc

On: Thursday, 10/5/00, at 2:40pm ET · Accession #: 950123-0-9155 · File #: 5-54227

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

10/05/00  Drake Associates LP               SC 13D/A               1:53K  Pocahontas Bancorp Inc            RR Donnelley/FA
          Anglo American Security Fund LP
          Aviation Services LP
          BT (Bermuda)/Anne Grace Kelly Trust 99
          BT (Bermuda)/Gwendolyn Grace Trust 99
          BT (Bermuda)/Helen Grace Spenser Trust 99
          BT (Bermuda)/John S Grace Trust 99
          BT (Bermuda)/Lorraine L Grace Trust 99
          BT (Bermuda)/Oliver R Grace Jr Trust 99
          BT (Bermuda)/Ruth Grace Jervis Trust 99
          Butterfield Trust (Bermuda)/Lorraine G Grace
          Butterfield Trust (Bermuda)/Oliver R Grace Jr
          Diversified Long Term Growth Fund LP
          Drake Associates Limited Partnership
          FS (1994) LP
          Global Strategic Investment Holdings Inc
          J S Grace Jr LP
          Lorraine Marie Grace LP
          Obx Inc
          Sterling Grace Capital Management LP
          Victoria Alice Grace LP

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment No. 2 to Schedule 13D                       27     97K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Identity and Background Interest in Securities of the Issuer Is Hereby Amended as Follows: Is Hereby Amended to Include the Following: Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
22	Item 2. Identity and Background
"	Item 2. Is Hereby Amended to Include the Following:
"	Item 3. Source and Amount of Funds or Other Consideration
23	Item 5. Interest in Securities of the Issuer
"	Item 5. Is Hereby Amended as Follows:

SC 13D/A 1st Page of 27 TOC ↑Top Previous Next ↓Bottom Just 1st
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

 Under the Securities Exchange Act of 1934
(Amendment No. 2)*

POCAHONTAS BANCORP, INC.
------------------------------------------------------
(Name of Issuer)

 COMMON STOCK, PAR VALUE $0.01
------------------------------------------------------
(Title of Class of Securities)

 730234101
------------------------------------------------------
(CUSIP Number)

 THOMAS L. SEIFERT, ESQ.
515 MADISON AVENUE, SUITE 2600, NEW YORK, NY 10022
212-310-0543
------------------------------------------------------
 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

SEPTEMBER 19, 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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check  
the following box [ ].                                                          

NOTE: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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 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 this Act (however, see the Notes).  

SC 13D/A 2nd Page of 27 TOC 1st Previous Next ↓Bottom Just 2nd

CUSIP NO. 730234101                                           Page 2 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Drake Associates L.P.         
13-3476514          
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                        Delaware       

--------------------------------------------------------------------------------
             7.   SOLE VOTING POWER                           55,000

   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                             -0- 
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                      55,000      
PERSON WITH                                                                   
                   -------------------------------------------------------------
              10.  SHARED DISPOSITIVE POWER                        -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
EACH REPORTING PERSON                                         55,000
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                         [ X ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              1.05%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                             PN   

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

SC 13D/A 3rd Page of 27 TOC 1st Previous Next ↓Bottom Just 3rd

CUSIP NO. 730234101                                           Page 3 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Anglo American Security Fund L.P.       
13-3316427          
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                    Delaware           

--------------------------------------------------------------------------------
                  7.   SOLE VOTING POWER                                 3,400

   NUMBER OF       -------------------------------------------------------------
   SHARES         8.   SHARED VOTING POWER                                 -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                            3,400 
PERSON WITH                                                                   
                   -------------------------------------------------------------
                  10.  SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
     EACH REPORTING PERSON                                               3,400
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
    (11) EXCLUDES CERTAIN SHARES*                                        [ X ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
    ROW (11)                                                             0.06%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                            PN    

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                           Page 4 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Aviation Services, L.P. 
11-3182441
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                        Illinois
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           2,500
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               2,500
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                2,500
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.05%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                  PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                           Page 5 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Diversified Long Term Growth Fund L.P.
13-3470412
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                        Delaware
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           6,600
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               6,600
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                6,600
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.13%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                  PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                           Page 6 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Global Strategic Investment Holdings, Inc.            

--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                        British Virgin 
                                                         Islands
--------------------------------------------------------------------------------
                 7.   SOLE VOTING POWER                                  -0-

   NUMBER OF       -------------------------------------------------------------
  SHARES         8.   SHARED VOTING POWER                                -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                             -0-  
PERSON WITH                                                                   
                   -------------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
    EACH REPORTING PERSON                                                -0-
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [    ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
 ROW (11)                                                          0.00%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                         CO       

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

SC 13D/A 7th Page of 27 TOC 1st Previous Next ↓Bottom Just 7th

CUSIP NO. 730234101                                           Page 7 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

J.S. Grace, Jr. L.P.      
13-3355102      
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                       New York        

--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER                              7,500

   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                              -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                         7,500    
PERSON WITH                                                                   
                   -------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER                         -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
  EACH REPORTING PERSON                                            7,500
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                       [  X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
 ROW (11)                                                          0.14%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                         PN       

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                           Page 8 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Lorraine Marie Grace L.P.               
58-2223817                
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                        Delaware       

--------------------------------------------------------------------------------
                  7.   SOLE VOTING POWER                                 7,500

   NUMBER OF       -------------------------------------------------------------
   SHARES         8.   SHARED VOTING POWER                                 -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                            7,500 
PERSON WITH                                                                   
                   -------------------------------------------------------------
                  10.  SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
     EACH REPORTING PERSON                                               7,500
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.14%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                             PN   

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                           Page 9 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Sterling Grace Capital Management, L.P.           
13-3354180          
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                        Delaware       

--------------------------------------------------------------------------------
                  7.   SOLE VOTING POWER                                10,000

   NUMBER OF       -------------------------------------------------------------
   SHARES         8.   SHARED VOTING POWER                                 -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                           10,000 
PERSON WITH                                                                   
                   -------------------------------------------------------------
                  10.  SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
     EACH REPORTING PERSON                                              10,000
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
    ROW (11)                                                             0.19%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                            PN    

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

SC 13D/A 10th Page of 27 TOC 1st Previous Next ↓Bottom Just 10th

CUSIP NO. 730234101                                          Page 10 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Victoria Alice Grace L.P.             
58-2223806            
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                        Delaware       

--------------------------------------------------------------------------------
                7.   SOLE VOTING POWER                               7,500

   NUMBER OF       -------------------------------------------------------------
 SHARES         8.   SHARED VOTING POWER                               -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                          7,500   
PERSON WITH                                                                   
                   -------------------------------------------------------------
                10.  SHARED DISPOSITIVE POWER                          -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
   EACH REPORTING PERSON                                             7,500
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                       [  X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
ROW (11)                                                        0.14% 
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                       PN         

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

SC 13D/A 11th Page of 27 TOC 1st Previous Next ↓Bottom Just 11th

CUSIP NO. 730234101                                          Page 11 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee            
of Trust # 1487 FBO Lorraine G. Grace             
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                         Bermuda       

--------------------------------------------------------------------------------
                7.   SOLE VOTING POWER                                 -0-

   NUMBER OF       -------------------------------------------------------------
 SHARES         8.   SHARED VOTING POWER                               -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                            -0-   
PERSON WITH                                                                   
                   -------------------------------------------------------------
                10.  SHARED DISPOSITIVE POWER                          -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
   EACH REPORTING PERSON                                               -0-
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [    ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
ROW (11)                                                         0.00%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                        OO        

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                         Page 12 of 27 Pages 

------------------------------------------------------------------------------- 
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

      Butterfield Trust (Bermuda) Limited as Trustee
     of Trust #1550 FBO Oliver R. Grace, Jr.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                        Bermuda        

--------------------------------------------------------------------------------
                7.   SOLE VOTING POWER                              22,000

   NUMBER OF       -------------------------------------------------------------
  SHARES         8.   SHARED VOTING POWER                                -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                         22,000   
PERSON WITH                                                                   
                   -------------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
    EACH REPORTING PERSON                                             22,000
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
    (11) EXCLUDES CERTAIN SHARES*                                        [ X ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
    ROW (11)                                                             0.42%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                            00    

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 13 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

FS (1994) L.P.      
11-3239125      
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                      Delaware         

--------------------------------------------------------------------------------
                  7.   SOLE VOTING POWER                                 2,926

   NUMBER OF       -------------------------------------------------------------
   SHARES         8.   SHARED VOTING POWER                                 -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                            2,926 
PERSON WITH                                                                   
                   -------------------------------------------------------------
                  10.  SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
     EACH REPORTING PERSON                                               2,926
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
    (11) EXCLUDES CERTAIN SHARES*                                        [ X ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
    ROW (11)                                                             0.06%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                            PN    

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 14 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

OBX, Inc. 
11-3089277
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                        Delaware
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           7,500
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               7,500
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                7,500
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.14%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                  CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 15 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee
of the Anne Grace Kelly Trust 99
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                       Bermuda
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           6,900
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               6,900
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                6,900
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.13%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                  OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 16 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee
of the Gwendolyn Grace Trust 99 
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                       Bermuda
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           6,900
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               6,900
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                6,900
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.13%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                  00
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 17 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee
of the Helen Grace Spenser Trust 99 
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                       Bermuda
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           6,900
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               6,900
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                6,900
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.13%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                  OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 18 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee            
Of the John S. Grace Trust 99             
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                        Bermuda        

--------------------------------------------------------------------------------
                7.   SOLE VOTING POWER                               6,900

   NUMBER OF       -------------------------------------------------------------
 SHARES         8.   SHARED VOTING POWER                               -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                          6,900   
PERSON WITH                                                                   
                   -------------------------------------------------------------
                10.  SHARED DISPOSITIVE POWER                          -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
   EACH REPORTING PERSON                                             6,900
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                       [  X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
ROW (11)                                                        0.13% 
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                       oo         

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 19 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee            
of the Lorraine L. Grace Trust 99             
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                         Bermuda       

--------------------------------------------------------------------------------
                7.   SOLE VOTING POWER                               6,900

   NUMBER OF       -------------------------------------------------------------
 SHARES         8.   SHARED VOTING POWER                               -0-
BENEFICIALLY                                                                  
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                          6,900   
PERSON WITH                                                                   
                   -------------------------------------------------------------
                10.  SHARED DISPOSITIVE POWER                          -0-

--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
   EACH REPORTING PERSON                                             6,900
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
ROW (11)                                                         0.13%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                        OO        

--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 20 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee
of the Oliver R. Grace, Jr. Trust 99
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                       Bermuda
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           6,900
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               6,900
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                6,900
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.13%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                  OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 21 of 27 Pages

--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON                                                   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                     

Butterfield Trust (Bermuda) Limited as Trustee
of the Ruth Grace Jervis Trust 99 
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [   ]
                                                                       (b) [   ]

--------------------------------------------------------------------------------
3.   S.E.C. 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                                       
                                                       Bermuda
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                    
                                                                           6,900
   NUMBER OF       -------------------------------------------------------------
SHARES         8.   SHARED VOTING POWER                                 
 BENEFICIALLY                                                                -0-
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     9.   SOLE DISPOSITIVE POWER                                  
 PERSON WITH                                                               6,900
                   -------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER             
                                                                             -0-
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                    
      EACH REPORTING PERSON                                                6,900
--------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                   
     (11) EXCLUDES CERTAIN SHARES*                                        [ X  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                  
     ROW (11)                                                              0.13%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON*                                                  
                                                    OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT 

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CUSIP NO. 730234101                                          Page 22 of 27 Pages

         This filing is Amendment Number 2 to the Schedule 13D filed on June 22,
1998, which is incorporated herein by reference. Amendment Number 1 was filed on
April 30, 1999 and is incorporated herein by reference.                         

ITEM 2. IDENTITY AND BACKGROUND                                                 

Item 2 is hereby amended to include the following:            

       (e) Global Strategic Investment Holdings, Inc. ("Global") sold all of
its shares in the Issuer.                                                       

        (j) Butterfield Trust (Bermuda) Limited ("Butterfield") is filing this
statement as the trustee of trusts for the benefit of Anne Grace Kelly,         
Gwendolyn Grace, Helen Grace Spencer, John S. Grace, Lorraine G. Grace, Lorraine
L. Grace, Oliver R. Grace, Jr., and Ruth Grace Jervis. Butterfield is a Bermuda 
Trust Corporation with its principal business address at Rosebank Centre, 11    
Bermudiana Road, Pembroke, Bermuda.                                             

        Peter C. Scull, a British citizen and a resident of Bermuda, is a Vice
President of Butterfield. Peter C. Scull's principal business address is c/o    
Butterfield Trust (Bermuda) Limited, Rosebank Centre, 11 Bermudiana Road,       
Pembroke, Bermuda.                                                              

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION                       

Item 3 is hereby amended to include the following:            

       On October 21, 1999, certain assets beneficially owned by Butterfield
Trust # 1487 FBO Lorraine G. Grace, including without limitation the 145,367    
shares of Issuer reported in Registrants' Schedule 13D Amendment Number 1,      
representing Trust # 1487's entire holding in the shares of the Issuer, were    
distributed equally to seven new trusts of which Butterfield is also trustee.   
These seven new trusts are styled as follows:                                   

     a.   Butterfield Trust (Bermuda) Limited as Trustee of the Anne Grace Kelly
Trust 99,                                                   

    b.   Butterfield Trust (Bermuda) Limited as Trustee of the Gwendolyn Grace
Trust 99,                                                   

c.   Butterfield Trust (Bermuda) Limited as Trustee of the Helen Grace
Spenser Trust 99,                                           

  d.   Butterfield Trust (Bermuda) Limited as Trustee of the John S. Grace
Trust 99,                                                   

e.   Butterfield Trust (Bermuda) Limited as Trustee of the Lorraine L.
Grace Trust 99,                                             

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CUSIP NO. 730234101                                          Page 23 of 27 Pages

     f.   Butterfield Trust (Bermuda) Limited as Trustee of the Oliver R. Grace,
Jr. Trust 99, and                                           

g.   Butterfield Trust (Bermuda) Limited as Trustee of the Ruth Grace 
Jervis Trust 99.                                            

       Lorraine G. Grace is the mother of Gwendolyn Grace, John S. Grace and
Oliver R. Grace, Jr., and the step-mother of Anne Grace Kelly, Helen Grace      
Spencer, Lorraine L. Grace and Ruth Grace Jervis.                               

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER                                    

Item 5 is hereby amended as follows:                          

     According to Issuer's Form 10-Q for the period ended June 30, 2000,
Issuer had 5,244,757 shares issued and outstanding on June 30, 2000.            

      (a) The Registrants beneficially own an aggregate of 190,724 shares,
representing approximately 3.64% of the shares issued and outstanding. Reference
is made to the second cover pages attached hereto for the number of shares      
beneficially owned by each of the Registrants.                                  

       (b) The Registrants have the sole power to vote or to direct the vote
and sole power to dispose or to direct to dispose 190,724 shares indicated in   
Item 5(a). Reference is made to each of the second cover pages for the number of
shares in respect of each Registrant.                                           

         (c) Within the past 60 days Registrants have sold shares in the amounts
and at the per share prices set forth on the table below. All of such           
transactions took place in the open market.                                     

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CUSIP NO. 730234101                                          Page 24 of 27 Pages

                                                                [Download Table]

                                              Amount of      Price              
                                                Shares        Per      Aggregate
        Seller                  Date             Sold        Share       Price  
---------------------         --------        ---------     --------   ---------
                                                                                
Anglo                         09/19/00          6,600       $   7.97    $ 52,594

Aviation                      09/19/00          5,000       $   7.97    $ 39,844

Diversified                   09/19/00         13,400       $   7.97    $106,781

Drake                         09/19/00        110,612       $   7.97    $881,439

FSLP                          09/19/00          4,074       $   7.97    $ 32,465

Global                        09/07/00         10,000       $   7.75    $ 77,497
                              09/11/00          5,000       $   7.75    $ 38,749
                              09/12/00         10,000       $   7.75    $ 77,497

Butterfield Trusts                                                              
   # 1550                     09/19/00         43,245       $   7.97    $344,609
   FBO A.G. Kelly             09/19/00         13,867       $   7.97    $110,503
   FBO G. Grace               09/19/00         13,867       $   7.97    $110,513
   FBO H.G. Spencer           09/19/00         13,867       $   7.97    $110,513
   FBO J.S. Grace             09/19/00         13,867       $   7.97    $110,513
   FBO L.L. Grace             09/19/00         13,867       $   7.97    $110,513
   FBO O.R. Grace, Jr         09/19/00         13,867       $   7.97    $110,513
   FBO R.G. Jervis            09/19/00         13,867       $   7.97    $110,513

  (e) As a result of the transactions reported in Item 5(c) above,
Registrants ceased to be the beneficial owners of shares of common stock of     
Issuer equal, in the aggregate, to five percent of the total number issued and  
outstanding on September 19, 2000.                                              

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CUSIP NO. 730234101                                          Page 25 of 27 Pages

SIGNATURES

        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: Sept. 22, 2000             DRAKE ASSOCIATES, L.P.                        

         By: /S/ JOHN S. GRACE
                              ------------------------------------
              Name:  John S. Grace
                           Title: Chairman, Associated Asset
                             Management, Inc., its
                       General Partner

Dated: Sept. 22, 2000             ANGLO AMERICAN SECURITY FUND L.P.             

         By: /S/ JOHN S. GRACE
                              ------------------------------------
              Name:  John S. Grace
                Title: General Partner

Dated: Sept. 22, 2000             AVIATION SERVICES, L.P.                       

         By: /S/ LOLA N. GRACE
                              ------------------------------------
              Name:  Lola N. Grace
                Title: General Partner

Dated: Sept. 22, 2000             DIVERSIFIED LONG TERM GROWTH FUND L.P.        

         By: /S/ JOHN S. GRACE
                              ------------------------------------
              Name:  John S. Grace
                           Title: Chairman, Associated Asset
                             Management, Inc., its
                       General Partner

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CUSIP No. 730234101                                          Page 26 of 27 Pages

Dated: Sept. 22, 2000             GLOBAL STRATEGIC INVESTMENT HOLDINGS,         
INC.        

      By: /S/ KEN MORGAN
                              ------------------------------------
           Name:  Ken Morgan
                     Title: Executive Officer of
                                    Woodbourne Corporation (BVI)
                          Ltd., its Director

Dated: Sept. 22, 2000             J. S. GRACE, JR. L.P.                         

         By: /S/ JOHN S. GRACE
                              ------------------------------------
              Name:  John S. Grace
                               Title: President, John S. Grace, Jr.,
                                 Inc., its General Partner

Dated: Sept. 22, 2000             LORRAINE MARIE GRACE L.P.                     

         By: /S/ JOHN S. GRACE
                              ------------------------------------
              Name:  John S. Grace
                          Title: President, Lorraine Marie
                                Grace, Inc., its General
               Partner

Dated: Sept. 22, 2000             STERLING GRACE CAPITAL MANAGEMENT, L.P.       

         By: /S/ JOHN S. GRACE
                              ------------------------------------
              Name:  John S. Grace
                          Title: President, Sterling Grace
                                  Corp., its General Partner

Dated: Sept. 22, 2000             VICTORIA ALICE GRACE, L.P.                    

         By: /S/ JOHN S. GRACE
                              ------------------------------------
              Name:  John S. Grace
                          Title: President, Victoria Alice
                                Grace, Inc., its General
               Partner

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CUSIP No. 730234101                                          Page 27 of 27 Pages

Dated: Sept. 22, 2000             BUTTERFIELD TRUST (BERMUDA) LIMITED           
                       AS TRUSTEE OF THE FOLLOWING TRUSTS:
                        - TRUST # 1487 FBO LORRAINE G. GRACE
                            - TRUST # 1550 FBO OLIVER R. GRACE, JR.,
                    - THE ANNE GRACE KELLY TRUST 99,
                   - THE GWENDOLYN GRACE TRUST 99,
                       - THE HELEN GRACE SPENCER TRUST 99,
                 - THE JOHN S. GRACE TRUST 99,
                     - THE LORRAINE L. GRACE TRUST 99,
                        - THE OLIVER R. GRACE, JR. TRUST 99,
                    - THE RUTH GRACE JERVIS TRUST 99

          By: /S/ PETER C. SCULL
                              ------------------------------------
              Name: Peter C. Scull
               Title: Vice President

Dated: Sept. 22, 2000             FS (1994) L.P.                                

                By: /S/ OLIVER R. GRACE, JR.
                              ------------------------------------
                     Name:  Oliver R. Grace, Jr.
                          Title: President, Frank's Sports
                                  Corp., its General Partner

Dated: Sept. 22, 2000             OBX, INC.                                     

                By: /S/ OLIVER R. GRACE, JR.
                              ------------------------------------
                     Name:  Oliver R. Grace, Jr.
          Title: President

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

Filed on:	10/5/00
	9/22/00	25	27
	9/19/00	1	24
	6/30/00	23		10-Q
	10/21/99	22
	4/30/99	22
	6/22/98	22		SC 13D
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Filing Submission 0000950123-00-009155 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Drake Associates Limited Partnership, et al. – ‘SC 13D/A’ on 10/5/00 re: Pocahontas Bancorp Inc

On: Thursday, 10/5/00, at 2:40pm ET · Accession #: 950123-0-9155 · File #: 5-54227

Previous ‘SC 13D’: ‘SC 13D/A’ on 5/3/99 · Latest ‘SC 13D’: This Filing

Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents