UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
The Presley Companies
---------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
----------------------------------------------------------------
(Title of Class of Securities)
741030100
-----------------------------
(CUSIP Number)
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 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.)
*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).
Page 1 of 4 Pages
<PAGE>
CUSIP No. 741030100 13G Page 2 of 4 Pages
<TABLE>
<CAPTION>
<S> <C> <C> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
President and Fellows of Harvard College
2.
(a) [ ]
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
5. SOLE VOTING POWER
NUMBER OF 1,149,151 shares
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY ----
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,149,151 shares
WITH
8. SHARED DISPOSITIVE POWER
----
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,149,151 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.44%
12. TYPE OF REPORTING PERSON*
EP
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4 Pages
<PAGE>
SCHEDULE 13G
Item 1(a) Name of Issuer:
The Presley Companies
1(b) Address of Issuer's Principal Executive Offices:
19 Corporate Plaza
Newport Beach, CA 92660
Item 2(a) Name of Person Filing:
President and Fellows of Harvard College
2(b) Address of Principal Business Office or, if none,
Residence:
c/o Harvard Management Company, Inc.
600 Atlantic Avenue
Boston, MA 02210
2(c) Citizenship:
Massachusetts
2(d) Title of Class of Securities:
Class A Common Stock
2(e) CUSIP Number:
741030100
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b):
The reporting person is an Employee Benefit Plan, Pension
Fund which is subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment Fund.
Item 4(a) Amount beneficially owned:
1,149,151 shares
4(b) Percent of Class:
6.44%
4(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,149,151 shares
(ii) shared power to vote or to direct the vote:
-------
Page 3 of 4 Pages
<PAGE>
(iii) sole power to dispose or to direct the disposition of:
1,149,151 shares
(iv) shared power to dispose or to direct the disposition of:
--------
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:
By signing below the undersigned certifies that, to the best of
its 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 purposes or effect.
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
PRESIDENT AND FELLOWS OF HARVARD COLLEGE
By:--------------------------------------
Name: Verne O. Sedlacek
Title: Authorized Signatory
October 9, 1996
Page 4 of 4 Pages
