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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Dow Jones & Company, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
260561105
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(CUSIP Number)
Frederic J. Marx, Esquire
c/o Hemenway & Barnes
60 State Street Tel. (617) 227-7940
Boston, MA 02109
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
December 31, 1997
-------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [_].
Check the following box if a fee is being paid with the statement [_]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13-d1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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SCHEDULE 13D
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CUSIP NO. 260561105 PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jane C. MacElree
S.S. No. ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
Not applicable.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
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SOLE VOTING POWER
7
NUMBER OF
70,000 shares of Common Stock
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
6,350,486 shares of Common Stock
OWNED BY 3,890,431 shares of Class B Common Stock
(Convertible into Common Stock)
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EACH SOLE DISPOSITIVE POWER
9
REPORTING
See Item 7 above
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
See Item 8 above
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
10,310,917
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
13.16%
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TYPE OF REPORTING PERSON*
14
00- co-trustee of 10,393,960
IN- 153,043 shares
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 2 of 6 pages
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SCHEDULE 13D
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Item 1. Security and Issuer.
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Common Stock, Dow Jones & Company, Inc., World Financial Center, 200
Liberty Street, New York, New York 10007
Item 2. Identity and Background.
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a. Jane C. MacElree
b. c/o Hemenway & Barnes, 60 State Street, Boston, MA 02109
c. None
d. No such conviction
e. Not a party to any such proceeding
f. United States
Item 3. Source of and Amount of Funds or Other consideration.
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Securities were not purchased. The undersigned acquired the shares in
her capacity as co-trustee upon being appointed a co-trustee for
trusts holding the shares.
Item 4. Purpose of Transaction.
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The undersigned was appointed to fill vacancies in trusteeships with
no objective other than to carry out the terms of the respective
trusts. There are no plans or proposals as described in (a)-(j) of
the instructions to Item 4. Securities of the issuer may from time to
time be acquired or disposed of in the ordinary course of carrying out
the terms of the several trusts.
Item 5. Interest in Securities of the Issuer.
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a. See items 11 and 13 of the cover page.
b. (1) The undersigned owns individually 70,000 shares of the
issuer's stock. In addition, the undersigned shares the
voting and dispositive power as a co-trustee over 6,350,486
shares of the issuer's stock with the following persons:
(A) With Roy A. Hammer over 2,725,000 shares of stock;
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(B) With Michael J. Puzo over 46,900 shares of stock;
(C) With Roy A. Hammer and George T. Shaw over 14,400
shares of stock;
(D) With Timothy F. Fidgeon and George T. Shaw over
819,015 shares of stock;
(E) With State Street Bank and Trust Company and Michael
B. Elefante over 2,745,000 shares of stock;
(F) With Martha S. Robes and Leslie Hill over 14,255
shares of stock; and
(G) With Louis G. Hill over 171 shares of Common Stock.
(2) (A) (i) Martha S. Robes;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) former director (now retired), Dow
Jones & Company, Inc., World
Financial Center, 200 Liberty
Street, New York, New York 10007
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
(B) (i) Leslie Hill;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) airline pilot at American
Airlines;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(C) (i) State Street Bank and Trust
Company;
(ii) 225 Franklin Street, Boston, MA
02109;
(iii) Principal business is banking and
trust management;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
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(vi) Organized under the laws of the
Commonwealth of Massachusetts.
(D) (i) Roy A. Hammer, Esq., George T. Shaw, Esq.,
Michael J. Puzo, Esq., Timothy F. Fidgeon, Esq.
and Michael B. Elefante, Esq.;
(ii) Hemenway & Barnes, 60 State Street, Boston, MA
02109-1899;
(iii) attorney and professional
fiduciary;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(E) (i) Louis G. Hill
(ii) c/o Hemenway & Barnes, 60 State
Street, Boston, Massachusetts
02109;
(iii) judge;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
c. None.
d. The governing instruments of the several trusts direct the
trustees as to the payment of income and/or principal to and
among certain designated beneficiaries. No beneficiary has a
right to receive dividends from or proceeds from the sale of
securities except as provided in the applicable governing
instrument.
e. Not applicable.
Item 6. Contracts, Arrangements, etc.
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There are no such contracts, arrangements, understandings or
relationships, except for the legal responsibilities of the
undersigned and her co-trustees to act together in carrying out the
terms of the applicable governing instruments.
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Item 7. Materials to be Filed as Exhibits.
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There are no relevant materials to be filed herewith.
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.
/s/ Jane C. MacElree
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Jane C. MacElree
March 18, 1998
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