<PAGE>
Page 1 of 22 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___ )*
Mac-Gray Corporation
---------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
--------------------------------------------
(Title of Class of Securities)
554153-10-6
--------------------
(CUSIP Number)
* 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 ("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>
CUSIP No. 554153-10-6 13G Page 2 of 22 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stewart Gray MacDonald, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
112,933
6 SHARED VOTING POWER
1,435,000
7 SOLE DISPOSITIVE POWER
112,933
8 SHARED DISPOSITIVE POWER
2,001,667
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,114,600
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
See Item 4.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
18.3% (Based upon 11,579,826 shares of Common Stock reported issued and
outstanding in the issuer's latest 10-Q.)
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 554153-10-6 13G Page 3 of 22 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cynthia V. Doggett
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
200,000
6 SHARED VOTING POWER
1,347,933
7 SOLE DISPOSITIVE POWER
200,000
8 SHARED DISPOSITIVE POWER
1,914,600
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,114,600
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
See Item 4.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
18.3% (Based upon 11,579,826 shares of Common Stock reported issued and
outstanding in the issuer's latest 10-Q.)
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 554153-10-6 13G Page 4 of 22 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Evelyn C. MacDonald Family Trust for the benefit of Stewart G.
MacDonald, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
566,667
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
566,667
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
566,667
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
See Item 4.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.9% (Based upon 11,579,826 shares of Common Stock reported issued and
outstanding in the issuer's latest 10-Q.)
12 TYPE OF REPORTING PERSON*
OO (Trust)
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 554153-10-6 13G Page 5 of 22 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Stewart G. MacDonald, Jr. 1984 Trust
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
655,000
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
655,000
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
655,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
See Item 4.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6% (Based upon 11,579,826 shares of Common Stock reported issued and
outstanding in the issuer's latest 10-Q.)
12 TYPE OF REPORTING PERSON*
OO (Trust)
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 554153-10-6 13G Page 6 of 22 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The New Century Trust
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
580,000
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
500,000
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
580,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
See Item 4.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.0% (Based upon 11,579,826 shares of Common Stock reported issued and
outstanding in the issuer's latest 10-Q.)
12 TYPE OF REPORTING PERSON*
OO (Trust)
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 554153-10-6 13G Page 7 of 22 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gilbert M. Roddy, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
6 SHARED VOTING POWER
580,000
7 SOLE DISPOSITIVE POWER
8 SHARED DISPOSITIVE POWER
580,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
580,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
See Item 4.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.0% (Based upon 11,579,826 shares of Common Stock reported issued and
outstanding in the issuer's latest 10-Q.)
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 8 of 22 Pages
STATEMENT ON SCHEDULE 13G
Item 1(a). Name of Issuer:
--------------
Mac-Gray Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
22 Water Street
Cambridge, MA 02141
Item 2(a). Names of Persons Filing:
-----------------------
1. Stewart Gray MacDonald, Jr.
2. Cynthia V. Doggett
3. The Evelyn C. MacDonald Family Trust for the benefit of
Stewart G. MacDonald, Jr.
4. The Stewart G. MacDonald, Jr. 1984 Trust
5. The New Century Trust
6. Gilbert M. Roddy, Jr.
The persons enumerated in this Item 2(a) are sometimes
hereinafter referred to individually as a "Reporting Person" and
collectively as the "Reporting Persons." Pursuant to the filing
of this Schedule 13G, the Reporting Persons have executed that
certain Joint Filing Agreement attached as Exhibit B hereto.
---------
<PAGE>
Page 9 of 22 Pages
Item 2(b). Business Mailing Address for all Reporting Persons:
--------------------------------------------------
c/o Mac-Gray Corporation
22 Water Street
Cambridge, MA 02141
Item 2(c). Citizenship:
-----------
Each Reporting Person who is an individual has United States
citizenship. Each Reporting Person that is a trust is
incorporated within the Commonwealth of Massachusetts.
Item 2(d). Title of Class of Securities:
----------------------------
Common Stock, $.01 Par Value
Item 2(e). CUSIP Number:
------------
554153-10-6
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-
--------------------------------------------------------------
2(b), check whether the person filing is a:
-------------------------------------------
Not Applicable
<PAGE>
Page 10 of 22 Pages
Item 4. Ownership:
---------
A total of 11,579,826 shares of common stock, $.01 par value (the
"Common Stock") of Mac-Gray Corporation (the "Company") were reported in
the Company's Form 10-Q for the period ended September 30, 1997 (SEC File
Number 1-13495) as issued and outstanding as of the close of business on
October 31, 1997. Statements describing the aggregate amounts of such
Common Stock beneficially owned by each Reporting Person, and the number of
such shares as to which such Reporting Person has (i) sole voting power,
(ii) shared voting power, (iii) sole dispository power, and (iv) shared
dispository power are made in the Tables listed in Exhibit A attached
---------
hereto. The percentage of the class of Common Stock represented by the
aggregate amount of shares beneficially owned by each respective Reporting
Person is as indicated on Item 9. of the cover page for each such Reporting
Person included in this Schedule.
Background Information for Item 4. Each Reporting Person, either in
---------------------------------
its capacity as direct owner of Common Stock or as settlor, trustee or
beneficiary (as the case may be) of certain trusts (described further
below) that hold Common Stock, has voting and or dispository power over
shares of Common Stock held subject to the terms of a stockholders'
agreement dated as of April 17, 1997 (the "First Stockholders' Agreement")
and a stockholders' agreement dated as of June 26, 1997 (the "Second
Stockholders' Agreement") (both agreements collectively, the "Stockholders'
Agreements"). The First Stockholders' Agreement and the Second
Stockholders' Agreement are filed as Exhibits 10.1 and 10.2 (respectively)
to the Company's Form S-1 Registration Statement, as amended, filed with
the Securities and Exchange Commission (File No. 333-3369), (the
"Registration Statement") pursuant to the Securities Act of 1933, as
amended. Given the terms of the Stockholders' Agreements (as described
below), the Reporting Persons and the other persons party thereto might be
deemed to constitute a "group" holding beneficial ownership of an aggregate
total of 6,979,826 shares amounting to 60.3% of the Company's Common Stock
for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as
amended. However, each Reporting Person disclaims that such Person has
agreed to act as a group with the other parties to the Stockholders'
Agreements (other than to the extent described in this statement) and such
Person disclaims beneficial ownership of shares of Common Stock of the
Company other than the amounts of shares reported for each respective
Reporting Person in Exhibit A attached hereto.
---------
The parties to the First Stockholders' Agreement are the Company and
its stockholders Mr. Stewart G. MacDonald, Jr., Ms. Sandra E. MacDonald,
Mr. Daniel W. MacDonald, Mr. Jeffrey C. Huenink, The Evelyn C. MacDonald
Family Trust for the benefit of Stewart G. MacDonald, Jr.(1), The Evelyn C.
MacDonald Family Trust for the benefit of Sandra E. MacDonald, The Evelyn
C. MacDonald Family Trust for the benefit of Daniel W. MacDonald, The
Stewart G. MacDonald, Jr. 1984 Trust(2), The Daniel W. MacDonald Trust
1988, the New Century Trust(3), The Whitney E. MacDonald GST Trust-1997,
The Jonathan S. MacDonald GST Trust-1997, The Robert
<PAGE>
Page 11 of 22 Pages
C. MacDonald GST Trust-1997, The Whitney E. MacDonald Gift Trust, The
Jonathan S. MacDonald Gift Trust, The Robert C. MacDonald Gift Trust,
Cynthia V. Doggett and certain other holders (who hold in aggregate a de
minimis fraction of the issued and outstanding Common Stock). The
stockholders party to the First Stockholders' Agreement, who hold in
aggregate 6,979,826 shares amounting to 60.3% of the issued and outstanding
Common Stock, entered into that agreement pursuant to the Company's April,
1997 acquisition of Sun Services of America, Inc., a former Florida
corporation formerly owned by Mr. Huenink. The First Stockholders'
Agreement grants Mr. Huenink certain demand and "piggy-back" registration
rights, along with the right (subject to certain conditions) to require the
Company to repurchase up to 612,026 shares held by Mr. Huenink. The First
Stockholders' Agreement also contains a provision requiring each
stockholder party thereto to vote their respective shares in favor of Mr.
Huenink's election to the Company's Board of Directors until the earliest
to occur of April 17, 1999 or such time as Mr. Huenink ceases to hold five
percent of the outstanding shares of Common Stock (the "Voting Clause").
Mr. Huenink has served as a Director of the Company since April, 1997
and continues to serve as such. Mr. Heunink's current term as Director does
not expire until the date of the Company's 1999 annual meeting of
stockholders. It is currently anticipated that the Voting Clause will
expire by its own terms before the expiry of Mr. Heunink's current term as
a Director of the Company.
The parties to the Second Stockholders' Agreement are the Company and
its stockholders Mr. Stewart G. MacDonald, Jr., Ms. Sandra E. MacDonald,
Mr. Daniel W. MacDonald, The Evelyn C. MacDonald Family Trust for the
benefit of Stewart G. MacDonald, Jr.(1), The Evelyn C. MacDonald Family
Trust for the benefit of Sandra E. MacDonald, The Evelyn C. MacDonald
Family Trust for the benefit of Daniel W. MacDonald, The Stewart G.
MacDonald, Jr. 1984 Trust(2), The Daniel W. MacDonald Trust 1988, the New
Century Trust(3), The Whitney E. MacDonald GST Trust-1997, The Jonathan S.
MacDonald GST Trust-1997, The Robert C. MacDonald GST Trust-1997, The
Whitney E. MacDonald Gift Trust, The Jonathan S. MacDonald Gift Trust, The
Robert C. MacDonald Gift Trust, Cynthia V. Doggett and certain other
holders (who hold in aggregate a de minimis fraction of the issued and
outstanding shares of the Company). The Second Stockholders' Agreement
gives the parties thereto (who in aggre gate hold 6,367,800 shares
amounting to 55% of the issued and outstanding Common Stock) rights of
first offer to purchase shares offered for sale by another stockholder who
is a party thereto, as well as providing the Company with rights of second
offer to purchase such shares. The Second Stockholders' Agreement also
conveys certain demand and "piggy-back" registration rights to the parties
thereto.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
<PAGE>
Page 12 of 22 Pages
Footnotes to Item 4:
-------------------
(1) The trustees for The Evelyn C. MacDonald Family Trust for the
benefit of Stewart G. MacDonald, Jr. (the "SGM Trust") are
Patrick A. Flanagan, R. Robert Woodburn, Jr., Peter C. Bennett
(collectively, the "Independent Trustees") and Stewart G.
MacDonald, Jr., who is also the sole beneficiary of the SGM
Trust. Only the Independent Trustees exercise and share voting
power over the shares of Common Stock held by the SGM Trust.
Each of the Independent Trustees and Stewart G. MacDonald, Jr.
share power to dispose of the shares held by the SGM Trust.
The settlor of the SGM Trust is Evelyn C. MacDonald, who
retains the right to replace shares of Common Stock held by
the SGM Trust with property of equivalent value.
(2) The trustees for The Stewart G. MacDonald, Jr. 1984 Trust (the
"SGM 1984 Trust") are Stewart G. MacDonald, Jr. and Cynthia V.
Doggett. The trustees shares voting and dispository power with
respect to the shares of Common Stock held by the SGM 1984
Trust. Stewart G. MacDonald, Jr. is the sole beneficiary of
the SGM 1984 Trust.
(3) The trustees of the New Century Trust are Cynthia V. Doggett
and Gilbert M. Roddy, Jr. The beneficiaries of the New Century
Trust are minor issue of Stewart G. MacDonald, Jr. and have no
rights or power to vote or dispose of the shares of Common
Stock held by the New Century Trust. The settlor of the New
Century Trust is Stewart G. MacDonald, Jr., who retains the
right to replace shares of Common Stock held by the New
Century Trust with property of equivalent value.
<PAGE>
Page 13 of 22 Pages
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:
---------------------------------------------------------------
Not Applicable
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>
Page 14 of 22 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: February 17, 1998
/s/ Stewart G. MacDonald, Jr.
__________________________________________________
Stewart G. MacDonald, Jr., individually and as
Trustee of the Evelyn C. MacDonald Family Trust
f/b/o Stewart G. MacDonald, Jr. and as Trustee of
the Stewart G. MacDonald, Jr. 1984 Trust and as
Settlor of the New Century Trust
/s/ Cynthia V. Doggett
__________________________________________________
Cynthia V. Doggett, individually and as Trustee of
the New Century Trust and as Trustee of the
Stewart G. MacDonald, Jr. 1984 Trust
The Evelyn C. MacDonald Family Trust for the
benefit of Stewart G. MacDonald, Jr.
By: /s/ Stewart G. MacDonald, Jr.
__________________________________________________
Stewart G. MacDonald, Jr., Trustee
The Stewart G. MacDonald, Jr. 1984 Trust
By: /s/ Stewart G. MacDonald, Jr.
__________________________________________________
Stewart G. MacDonald, Jr., Trustee
The New Century Trust
By: /s/ Cynthia V. Doggett
__________________________________________________
Cynthia V. Doggett, Trustee
/s/ Gilbert M. Roddy
__________________________________________________
Gilbert M. Roddy, as Trustee of the New Century
Trust
<PAGE>
Page 15 of 22 Pages
EXHIBIT A
- ---------
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
NAME: Stewart Gray MacDonald, Jr.
- ------------------------------------------------------------------------------------------------------------------------------------
COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL
STOCK OWNERSHIP
DISCLAIMED
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Sole Voting 112,933 Direct NO
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Total Sole 112,993
Voting
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Shared 655,000 By the Stewart G. MacDonald, Jr. 1984 Trust as co-trustee and beneficiary NO
Voting 580,000 By the New Century Trust as settlor with right to replace trust shares with YES
property of equivalent value
Power 200,000 By Cynthia V. Doggett, wife of the Reporting Person YES
- ------------------------------------------------------------------------------------------------------------------------------------
Total 1,435,000
Shared
Voting
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Sole 104,933 Direct NO
Dispositive
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Total Sole 112,933
Dispositive
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Shared 566,667 By the Evelyn C. MacDonald Family Trust f/b/o Stewart G. MacDonald, Jr. as NO
co-trustee and beneficiary
Dispositive 655,000 By the Stewart G. MacDonald, Jr. 1984 Trust as co-trustee and beneficiary NO
Power 580,000 By the New Century Trust as settlor with right to replace trust shares with
property of equivalent value YES
200,000 By Cynthia V. Doggett, wife of the Reporting Person YES
- ------------------------------------------------------------------------------------------------------------------------------------
Total 2,001,667
Shared
Dispositive
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Aggregated Beneficial Ownership: 2,114,600
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 16 of 22 Pages
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
NAME: Cynthia V. Doggett
- ------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK FORM OF BENEFICIAL OWNERSHIP BENEFICIAL
OWNERSHIP
DISCLAIMED
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Sole Voting 200,000 Direct NO
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Total Sole 200,000
Voting
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Shared 112,933 By the Stewart G. MacDonald, Jr., the husband of the Reporting Person YES
Voting 655,000 By the Stewart G. MacDonald, Jr. 1984 Trust as co-trustee with Stewart G. YES
MacDonald, Jr. YES
Power 580,000 By the New Century Trust as co-trustee with Gilbert M. Roddy
- ------------------------------------------------------------------------------------------------------------------------------------
Total 1,347,933
Shared
Voting
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Sole 200,000 Direct NO
Dispositive
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Total Sole 200,000
Dispositive
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Shared 112,933 By Stewart G. MacDonald, Jr., the husband of the Reporting Person YES
Dispositive 655,000 By the Stewart G. MacDonald, Jr. 1984 Trust as co-trustee with Stewart G. YES
MacDonald, Jr. YES
Power 580,000 By the New Century Trust as co-trustee with Gilbert M. Roddy YES
566,667 By the Evelyn C. MacDonald Family Trust f/b/o Stewart G. MacDonald, Jr.
as spouse of the beneficiary
- ------------------------------------------------------------------------------------------------------------------------------------
Total 1,914,600
Shared
Dispositive
Power
- ------------------------------------------------------------------------------------------------------------------------------------
Aggregate Beneficial Ownership: 2,114,600
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 17 of 22 Pages
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------
NAME: The Evelyn C. MacDonald Family Trust for the benefit of Stewart G. MacDonald, Jr.
- ------------------------------------------------------------------------------------------
COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL
STOCK OWNERSHIP
DISCLAIMED
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Sole Voting 566,667 Direct NO
Power
- ------------------------------------------------------------------------------------------
Total Sole 566,667
Voting
Power
- ------------------------------------------------------------------------------------------
Shared
Voting
Power
- ------------------------------------------------------------------------------------------
Total
Shared
Voting
Power
- ------------------------------------------------------------------------------------------
Sole 566,667 Direct NO
Dispositive
Power
- ------------------------------------------------------------------------------------------
Total Sole 566,667
Dispositive
Power
- ------------------------------------------------------------------------------------------
Shared
Dispositive
Power
- ------------------------------------------------------------------------------------------
Total
Shared
Dispositive
Power
- ------------------------------------------------------------------------------------------
Aggregated Beneficial Ownership: 566,667
- ------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 18 of 22 Pages
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------
NAME: The Stewart G. MacDonald, Jr. 1984 Trust
- ----------------------------------------------------------------------
COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL
STOCK OWNERSHIP
DISCLAIMED
- ----------------------------------------------------------------------
<S> <C> <C> <C>
Sole Voting 655,000 NO
Power
- ----------------------------------------------------------------------
Total Sole 655,000
Voting
Power
- ----------------------------------------------------------------------
Shared
Voting
Power
- ----------------------------------------------------------------------
Total
Shared
Voting
Power
- ----------------------------------------------------------------------
Sole 655,000 NO
Dispositive
Power
- ----------------------------------------------------------------------
Total Sole 655,000
Dispositive
Power
- ----------------------------------------------------------------------
Shared
Dispositive
Power
- ----------------------------------------------------------------------
Total
Shared
Dispositive
Power
- ----------------------------------------------------------------------
Aggregated Beneficial Ownership: 655,000
- ----------------------------------------------------------------------
- ----------------------------------------------------------------------
</TABLE>
<PAGE>
Page 19 of 22 Pages
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------
NAME: The New Century Trust
- ----------------------------------------------------------------------
COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL
STOCK OWNERSHIP
DISCLAIMED
- ----------------------------------------------------------------------
<S> <C> <C> <C>
Sole Voting 580,000 NO
Power
- ----------------------------------------------------------------------
Total Sole 580,000
Voting
Power
- ----------------------------------------------------------------------
Shared
Voting
Power
- ----------------------------------------------------------------------
Total
Shared
Voting
Power
- ----------------------------------------------------------------------
Sole 580,000 NO
Dispositive
Power
- ----------------------------------------------------------------------
Total Sole 580,000
Dispositive
Power
- ----------------------------------------------------------------------
Shared
Dispositive
Power
- ----------------------------------------------------------------------
Total
Shared
Dispositive
Power
- ----------------------------------------------------------------------
Aggregated Beneficial Ownership: 580,000
- ----------------------------------------------------------------------
</TABLE>
<PAGE>
Page 20 of 22 Pages
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
NAME: Gilbert M. Roddy, Jr.
- ----------------------------------------------------------------------------------------------------
COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL
STOCK OWNERSHIP
DISCLAIMED
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Sole Voting
Power
- ----------------------------------------------------------------------------------------------------
Total Sole
Voting
Power
- ----------------------------------------------------------------------------------------------------
Shared 580,000 By the New Century Trust as co-trustee with Cynthia V. Doggett YES
Voting
Power
- ----------------------------------------------------------------------------------------------------
Total 580,000
Shared
Voting
Power
- ----------------------------------------------------------------------------------------------------
Sole
Dispositive
Power
- ----------------------------------------------------------------------------------------------------
Total Sole
Dispositive
Power
- ----------------------------------------------------------------------------------------------------
Shared 580,000 By the New Century Trust as co-trustee with Cynthia V. Doggett YES
Dispositive
Power
- ----------------------------------------------------------------------------------------------------
Total 580,000
Shared
Dispositive
Power
- ----------------------------------------------------------------------------------------------------
Aggregated Beneficial Ownership: 580,000
- ----------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 21 of 22 Pages
EXHIBIT B
- ---------
JOINT FILING AGREEMENT
----------------------
This will confirm the agreement by Stewart Gray MacDonald, Jr., Cynthia V.
Doggett, The Evelyn C. MacDonald Family Trust for the benefit of Stewart G.
MacDonald, Jr., The Stewart G. MacDonald, Jr. 1984 Trust, and the New Century
Trust (collectively, the "Reporting Persons") in connection with that certain
Schedule 13G to be filed on or about February 14, 1998, with respect to the
common stock, par value $.01 per share (the "Common Stock"), of Mac-Gray
Corporation (the "Company") pertaining to the beneficial ownership by the
Reporting Persons of shares of such Common Stock (the "Schedule 13G"). The
undersigned hereby agree with respect to such filing on Schedule 13G as follows:
(i) No Reporting Person nor any representative of any Reporting Person
makes any representation with respect to, nor bears any responsibility for, any
of the information set forth with respect to any other "person" who or which is
or becomes a party to or a member of any "group" (as such terms are defined and
used in Section 13(g) of the Securities Exchange Act of 1934, as amended, and
Regulation 13D-G promulgated thereunder) for whom or which information is
included in such Schedule 13G.
(ii) Subject to paragraph (i) above, the undersigned hereby confirm the
agreement by and among each of them that the Schedule 13G is being filed on
behalf of each of the parties named below.
This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.
Dated: February 17, 1998
/s/ Stewart G. MacDonald, Jr.
__________________________________________________
Stewart G. MacDonald, Jr., individually and as
Trustee of the Evelyn C. MacDonald Family Trust
f/b/o Stewart G. MacDonald, Jr. and as Trustee of
the Stewart G. MacDonald, Jr. 1984 Trust and as
Settlor of the New Century Trust
/s/ Cynthia V. Doggett
__________________________________________________
Cynthia V. Doggett, individually and as Trustee of
the New Century Trust and as Trustee of the
Stewart G. MacDonald, Jr. 1984 Trust
<PAGE>
Page 22 of 22 Pages
The Evelyn C. MacDonald Family Trust for the
benefit of Stewart G. MacDonald, Jr.
By: /s/ Stewart G. MacDonald, Jr.
________________________________________________
Stewart G. MacDonald, Jr., Trustee
The Stewart G. MacDonald, Jr. 1984 Trust
By: /s/ Stewart G. MacDonald, Jr.
________________________________________________
Stewart G. MacDonald, Jr., Trustee
The New Century Trust
By: /s/ Cynthia V. Doggett
________________________________________________
Cynthia V. Doggett, Trustee
/s/ Gilbert M. Rodddy
________________________________________________
Gilbert M. Roddy, as Trustee of the New Century
Trust
