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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. 1)*
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
Boston, MA 02109 Tel. (617) 227-7940
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
May 1, 1999
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(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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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, Esquire
S.S. ####-##-####
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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
NUMBER OF 104,000 shares of Common Stock
59,500 shares of Class B Common Stock
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
5,437,415 shares of Common Stock
OWNED BY 3,112,166 shares of Class B 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
See Items 7 and 8 above
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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
12.56%
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TYPE OF REPORTING PERSON*
14
00 - sole trustee for shares reported in Items in 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.
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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. 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 as an additional trustee or 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 shares the voting and dispositive power as a
co-trustee over 5,437,415 shares of the issuer's stock with
the following persons:
(A) With Roy A. Hammer and Jane C. MacElree over
2,685,000 shares of stock;
(B) With Wendy S. Blau over 1,081 shares of stock;
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(C) With Richard Leggat over 37,675 shares of stock;
(D) With James W. Griffiths and Elizabeth Steele over
12,202 shares of stock;
(E) With Catherine G. Harrison and Martha S. Robes over
13,651 shares of stock;
(F) With Sarah G. Herbert over 8,137 shares of stock;
(G) With Martha S. Robes over 862 shares of stock;
(H) With Martha S. Robes and Dana R. Robes over 3,933 shares
of stock;
(I) With Martha M. Davis over 340 shares of stock;
(J) With Jean B. Stevenson over 4,843 shares of stock;
(K) With Jeffrey B. Stevenson over 2,456 shares of stock;
(L) With Jane B. Meyer and Wendy S. Blau over 867 shares of
stock;
(M) With Roy A. Hammer and State Street Bank and Trust
Company over 40,568 shares of stock;
(N) With Melinda Moulton over 800 shares of stock; and
(O) With Jane C. MacElree and State Street Bank and Trust
Company over 2,625,000 shares of stock.
(2) (A) (i) Roy A. Hammer, 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.
(B) (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.
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(C) (i) Richard Leggat;
(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 proceeding; and
(vi) United States.
(D) (i) James W. Griffiths;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston, MA
02109;
(iii) retired;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
(E) (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.
(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) 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, NY 10007;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
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(H) (i) Sarah G. Herbert;
(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.
(I) (i) Dana R. Robes;
(ii) c/o Dana Robes Wood Craftsmen, Inc., P. O. Box 707,
Enfield, NH 03748;
(iii) owner, Dana Robes Wood Craftsmen, Inc.,
P. O. Box 707, Enfield, NH 03748;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
(J) (i) Martha M. Davis;
(ii) c/o Davis & Rounds, P. C., P. O. Box 33, 141 Main
Street, Windsor, VT 05089;
(iii) attorney;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
(K) (i) Jean B. Stevenson;
(ii) c/o Hemenway & Barnes, 60 State Street, Boston, MA
02109;
(iii) decorator;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
(L) (i) Jeffrey B. Stevenson; c/o Hemenway & Barnes,
60 State Street, Boston, MA 02109;
(iii) contractor;
(iv) no such conviction;
(v) not a party to any such proceeding; and
(vi) United States.
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(M) (i) Jane B. 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.
(N) (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 proceeding; and
(vi) United States.
(O) (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) Melinda 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.
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.
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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 his co-trustees to act together in carrying out the
terms of the applicable governing instruments.
Item 7. Materials to be Filed as Exhibits.
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There are no relevant materials to be filed herewith.
Signature
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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 B. Elefante
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Michael B. Elefante
June , 1999
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