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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Pierce Leahy Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
720722 10 7
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(CUSIP Number)
The information required in 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).
Page 1 of 5 Pages
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CUSIP No. 720722 10 7 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leo W. Pierce, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
1,391,594
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,391,549
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
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SCHEDULE 13G
ITEM 1.
1(A). NAME OF ISSUER: Pierce Leahy Corp.
1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
631 Park Avenue, King of Prussia, Pennsylvania 19406
ITEM 2.
2(A). NAME OF PERSON FILING: Leo W. Pierce, Jr.
2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
631 Park Avenue, King of Prussia, Pennsylvania 19406
2(C). CITIZENSHIP: U.S.
2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value
2(E). CUSIP NUMBER: 720722 10 7
ITEM 3.
Not Applicable.
ITEM 4. OWNERSHIP
As of December 31, 1997, Leo W. Pierce, Jr. beneficially owned (as
calculated in accordance with Rule 13d-3) 1,391,594 shares of Common Stock,
representing 8.5% of the Common Stock then outstanding. All of such shares are
held in a Voting Trust pursuant to a Voting Trust Agreement dated June 24, 1997
(as amended or restated from time to time, the "Voting Trust"). The Voting
Trustees under the Voting Trust have the right to vote the shares held in the
Voting Trust. Accordingly, Mr. Pierce has no voting power (sole or shared) with
respect to the shares beneficially owned by him.
The beneficial owners of interests in the Voting Trust have the right
to dispose of the shares as to which they have beneficial interests. Mr. Pierce
has a direct beneficial interest in 745,013 shares of Common Stock. He also has
a beneficial interest in an aggregate of 200,169 shares as custodian for the
benefit of his children and an aggregate of 30,186 shares in which his wife is
custodian for the benefit of his children. In addition, Mr. Pierce
Page 3 of 5 Pages
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beneficially owns 416,226 shares as trustee of a trust. Accordingly, Mr. Pierce
has sole power to dispose of an aggregate of 1,391,594 shares of Common Stock he
beneficially owns directly, in his wife's capacity as custodian for his children
and as sole trustee of the trust.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
The trust referenced in Item 4 has the right to receive dividends and
the proceeds from the sale of the shares of Common Stock beneficially owned by
such trust.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
ITEM 10. CERTIFICATION
Not Applicable
Page 4 of 5 Pages
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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.
February 13, 1998
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Date
/s/ Leo W. Pierce, Jr.
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Signature
Leo W. Pierce, Jr.
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Name/Title
Page 5 of 5 Pages
