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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. ________)*
Dow Jones & Company, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
260561105
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(CUSIP Number)
Frederic J. Marx, Esquire, c/o Hemenway & Barnes
60 State Street, Boston, MA 02109, Tel. (617) 227-7940
- --------------------------------------------------------------------------------
(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
- ----------------------- ---------------------
CUSIP NO. 260561105 PAGE 2 OF 8 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael B. Elefante, Esq.
SS# ###-##-####
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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 Not applicable; ownership acquired by appointment as trustee of trusts
holding shares reported below.
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SOURCE OF FUNDS*
4
N/A
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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
7 109,050 shares of Common Stock
NUMBER OF 60,941 shares of Class B Stock
(Covertible into Common Stock)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 2,903,259 shares of Common Stock
1,629,040 shares of Class B Common Stock
OWNED BY (Convertible into Common Stock)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING See Item 7 above.
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
See Item 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
See Items 7 and 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.12%
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TYPE OF REPORTING PERSON*
14 00-sole trustee for shares reported in items 7 and 9.
00-co-trustee for shares reported in items 8 and 10.
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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.
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SCHEDULE 13D
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Item 1. Security and Issuer.
- ------- -------------------
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. Michael B. Elefante, Esq.
b. c/o Hemenway & Barnes, 60 State Street, Boston, MA 02109
c. Attorney and professional fiduciary at Hemenway &
Barnes, 60 State Street, Boston, Massachusetts
02109-1899
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.
- ------ ----------------------------------------------------
Securities were not purchased. The undersigned acquired the shares in
his 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.
- ------- ------------------------------------
a. See items 11 and 13 of the cover page.
b. (1) The undersigned is sole trustee over 109,050 shares of the
issuer's stock. In addition, the undersigned shares the
voting and dispositive power as a co-trustee over 2,903,259
shares of the issuer's stock with the following persons:
(A) With Wendy S. Blau over 460 shares of stock;
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(B) With Richard D. Leggat over 60,300 shares of stock;
(C) With Elizabeth Steele and Jessica W. Griffiths over
12,702 shares of stock;
(D) With Martha S. Robes and Catherine G. Harrison over
14,445 shares of stock;
(E) With Sarah G. Herbert over 8,043 shares of stock;
(F) With Martha S. Robes over 255 shares of stock;
(G) With Martha S. Robes and Dana R. Robes over 2,715
shares of stock;
(H) With Martha Davis over 340 shares of stock;
(I) With Jean B. Stevenson over 7,775 shares of stock;
(J) With Bayne Stevenson over 2,101 shares of stock;
(K) With Jane Meyer and Wendy Blau over 255 shares of
stock;
(L) With Roy A. Hammer and State Street Bank and Trust
Company over 48,068 shares of stock;
(M) With Melinda Moulton over 800 shares of stock; and
(N) With State Street Bank and Trust Company and Jane C.
MacElree over 2,745,000 shares.
(2) (A) (i) Wendy S. Blau;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) none;
(iv) no such conviction;
(v) not a party to any such proceedings; and
(vi) United States.
(B) (i) Richard D. Leggat, Esq.;
(ii) c/o Bingham Dana LLP, 150 Federal
Street, Boston, MA 02110;
(iii) attorney and professional fiduciary;
(iv) no such conviction;
(v) not a party to any such
<PAGE>
proceedings; and
(vi) United States.
(C) (i) Elizabeth Steele;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) real estate developer;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
(D) (i) Jessica W. Griffiths;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) high school teacher;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
(E) (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.
(F) (i) Catherine G. Harrison;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) elementary school teacher;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(G) (i) Sarah G. Herbert;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) none;
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(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(H) (i) Dana R. Robes;
(ii) c/o Dana Robes Wood Craftsmen, Inc., P.O.Box
707, Enfield, N.H. 03748;
(ii) owner, Dana Robes Wood Craftsmen,
Inc., P.O.Box 707, Enfield, N.H.
03748;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(I) (i) Martha Davis;
(ii) c/o Davis & Rounds P.C., P.O. Box
33, 141 Main Street, Windsor, VT
05089;
(iii) attorney;
(iv) no such conviction;
(vi) not a party to any such
proceeding; and
(vi) United States.
(J) (i) Jean B. Stevenson;
(ii) c/o Hemenway & Barnes, 60 State Street,
Boston, MA 02109;
(iii) decorator;
(iv) no such connection;
(v) not a party to any such proceeding; and
(vi) United States.
(K) (i) Bayne Stevenson;
(ii) c/o Batson Company, P.O. Box 929, 37 South Main
Street, Hanover, NH 03755;
(iii) real estate developer, Batson
Company, P.O. Box 929, 37 South
Main Street, Hanover, NH 03755;
(iv) no such conviction;
(v) not a party to any such
<PAGE>
proceeding; and
(vii) United States.
(L) (i) Jane Meyer;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) none;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(M) (i) Melinda L. Moulton;
(ii) c/o Main Street Landing Company,
Union Station, One Main Street,
Burlington, VT 05401;
(iii) real estate developer;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(N) (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
(vi) Organized under the laws of the
Commonwealth of Massachusetts.
(P) (i) Jane C. MacElree;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston,
MA 02109;
(iii) none;
(iv) no such conviction;
(v) not a party to any such
proceeding; and
(vi) United States.
(Q) (i) Roy A. Hammer, Esq.;
(ii) Hemenway & Barnes, 60 State
<PAGE>
Street, Boston, MA 02109-1899;
(iv) attorney and professional
fiduciary;
(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.
- ------- -----------------------------
There are no such contracts, arrangements, understandings or
relationships, except for the legal responsibilities of the
undersigned and his co-trustees to act together in carrying out the
terms of the applicable governing instruments.
Item 7. Materials to be Filed as Exhibits.
- ------- ---------------------------------
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/ Michael Elefante
-------------------------------
Michael B. Elefante
March 18, 1998
