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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
(AMENDMENT NO. )(1)
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AeroCentury Corp.
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(Name of Issuer)
common stock
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(Title of Class of Securities)
007737-10-9
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(CUSIP Number)
July 30, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
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 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).
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CUSIP NO. 007737-10-9 13G PAGE 1 OF 5 PAGES
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(1) NAMES OF REPORTING PERSONS Pal-Bro Partners, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
06-1264005
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ x ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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(5) SOLE VOTING POWER
NUMBER OF 123,468
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 123,468
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(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
123,468
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.97%
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(12) TYPE OF REPORTING PERSON*
BD
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 2 of 5 Pages
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Item 1. (a). Name of Issuer:
AeroCentury Corp.
(b). Address of Issuer's Principal Executive Offices:
1440 Chapin Avenue, Suite 310
Burlingame, CA 94010
Item 2. (a). Name of Person Filing:
Pal-Bro Partners, LLC
(b). Address of Principal Business Office:
2 Rector Street, 16th Floor
New York, New York 10006
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Page 3 of 5 Pages
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Item 2. (c). Citizenship:
New York
(d). Title of Class of Securities:
Common Stock
(e). CUSIP Number:
007737-10-9
Item 3. This statement is filed pursuant to Rule 13d-1(b by BD
Item 4. Ownership.
(a). Amount Beneficially Owned
123,468
(b). Percent of Class:
7.97%
(c). Number of Shares as to which Pal-Bro Partners, LLC has:
(i) sole power to vote or to direct the vote 123,468
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the 123,468
disposition of
(iv) shared power to dispose or to direct the 0
disposition of
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Page 4 of 5 Pages
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Item 5. Ownership of Five Percent or Less of a Class:
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person:
N/A
Item 7. Identification and Classification of Subsidiaries which
Acquired the Security Being Reported on by the Parent
Holding Company:
N/A
Item 8. Identification and Classification of Members of the Group:
N/A
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Page 5 of 5 Pages
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Item 9. Notice of Dissolution of Group:
N/A
Item 10. Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for
the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
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.
By: /s/ Joe Palmeri
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Joe Palmeri
Title: Managing Member
Dated: February 1, 2000
