UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
IONICS, INCORPORATED
(Name of Issuer)
Common Stock, Par Value $1.00
(Title of Class of Securities)
462218-10-8
(CUSIP Number)
Gordon H. Hayes, Esq., Jr.
Testa, Hurwitz & Thibeault
Exchange Place, 53 State Street, Boston, MA 02109 (617) 248-7000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 13, 1996
(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 13d-1(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 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).
CUSIP No. 462218-10-8 13D
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Savena Trust
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
BK
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OF PLACE OF ORGANIZATION
Liechtenstein
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
524,000
NUMBER OF ___________________________________________________________
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ___________________________________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 524,000
WITH
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 894,926
(includes 3,500 shares subject to presently exercisable options and 10,000
shares held by another Reporting Person, 341,926 shares held in trust for
the benefit of another Reporting Person and 12,000 shares held in a
fiduciary capacity for such other Reporting Person)
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.98%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
00 - Trust
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
CUSIP No. 462218-10-8 13D
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Philora Trust
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OF PLACE OF ORGANIZATION
Liechtenstein
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
341,926
NUMBER OF ___________________________________________________________
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ___________________________________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 341,926
WITH
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 894,926
(includes 3,500 shares subject to presently exercisable options and 10,000
shares held by another Reporting Person, 524,000 shares held in trust for
the benefit of another Reporting Person and 12,000 shares held in a
fiduciary capacity for another Reporting Person)
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.98%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
00 - Trust
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
CUSIP No. 462218-10-8 13D
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Markus W. Stadlin, Trustee of Savena Trust and Philora Trust
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
00
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OF PLACE OF ORGANIZATION
Switzerland
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
NUMBER OF ___________________________________________________________
SHARES 8. SHARED VOTING POWER
BENEFICIALLY 524,000 (shared with the other trustees of Savena Trust)
OWNED BY 341,926 (shared with the other trustees of Philora Trust)
EACH ___________________________________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
524,000 (shared with the other trustees of Savena Trust)
341,926 (shared with the other trustees of Philora Trust)
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 894,926
(includes 3,500 shares subject to presently exercisable options and 10,000
shares held by another Reporting Person and 12,000 shares held in a
fiduciary capacity for another Reporting Person)
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.98%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
00 - Trustee
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
CUSIP No. 462218-10-8 13D
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Interfiducia Trust Reg., Trustee of Savena Trust and Philora Trust
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
00
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OF PLACE OF ORGANIZATION
Liechtenstein
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
NUMBER OF ___________________________________________________________
SHARES 8.SHARED VOTING POWER
BENEFICIALLY 524,000 (shared with the other trustees of Savena Trust)
OWNED BY 341,926 (shares with the other trustees of Philora Trust)
EACH ___________________________________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
524,000 (shared with the other trustees of Savena Trust)
341,926 (shared with the other trustees of Philora Trust)
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 894,926
(includes 3,500 shares subject to presently exercisable options and 10,000
shares held by another Reporting Person and 12,000 shares held in a
fiduciary capacity for such other Reporting Person)
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.98%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
00 - Trustee
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
CUSIP No. 462218-10-8 13D
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alex Fischer, Trustee of Savena Trust and Philora Trust
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
00
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OF PLACE OF ORGANIZATION
Switzerland
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
NUMBER OF _______________________________________________________
SHARES 8. SHARED VOTING POWER
BENEFICIALLY 524,000 (shared with the other trustees of Savena Trust)
OWNED BY 341,926 (shared wit the other trustees of Philora Trust)
EACH ___________________________________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
524,000 (shared with the other trustees of Savena Trust)
341,926 (shared with the other trustees of Philora Trust)
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 894,926
(includes 3,500 shares subject to presently exercisable options and 10,000
shares held by another Reporting Person and 12,000 shares held in a
fiduciary capacity for another Reporting Person)
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.98%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
00 - Trustee
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
CUSIP No. 462218-10-8 13D
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arnaud de Vitry d'Avaucourt
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
00
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OF PLACE OF ORGANIZATION
France
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
13,500 (includes 3,500 shares subject to presently
exercisable options)
NUMBER OF ___________________________________________________________
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ___________________________________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 13,500 (includes 3,500 shares subject to presently
WITH exercisable options)
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
12,000
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 894,926
(includes 524,000 shares held in trust for the benefit of this Reporting
Person, 341,926 shares held in trust for the benefit of another Reporting
Person and 12,000 shares held in fiduciary capacity for such other
Reporting Person)
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.98%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
CUSIP No. 462218-10-8 13D
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Henriette de Vitry d'Avaucourt
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OF PLACE OF ORGANIZATION
France
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
12,000
NUMBER OF ___________________________________________________________
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY
EACH ___________________________________________________________
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
12,000
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 894,926
(includes 3,500 shares subject to presently exercisable options and 10,000
shares held by another Reporting Person, 341,926 shares held in trust for
the benefit of this Reporting Person and 524,000 shares held in trust for
the benefit of another Reporting Person)
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.98%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
This Amendment No. 2 ("Amendment No. 2") is being filed by (i) the Savena
Trust, a trust organized under the laws of Liechtenstein (the "Savena Trust"),
whose trustees are Dr. Markus W. Stadlin ("Stadlin"), Alex Fischer ("Fischer")
and the Interfiducia Trust Reg. ("Interfiducia"); (ii) the Philora Trust, a
trust organized under the laws of Liechtenstein (the "Philora Trust"), whose
trustees are Stadlin, Fischer and Interfiducia; (iii) Arnaud de Vitry
d'Avaucourt ("Mr. de Vitry"); (iv) Henriette de Vitry d'Avaucourt ("Mrs. de
Vitry"); (v) Stadlin; (vi) Fischer; and (vii) Interfiducia (all of the
foregoing, collectively, the "Reporting Persons"). Amendment No. 2 amends and
supplements the Statement on Schedule 13D (the "Statement") dated August 15,
1988, relating to the Common Stock, par value $1.00 per share (the "Common
Stock"), of Ionics, Incorporated, a Massachusetts corporation (the "Company"),
which has its principal executive offices at 65 Grove Street, Watertown,
Massachusetts 02172. All terms used herein, unless otherwise defined, have the
same meaning herein as in the Statement.
This filing is being made to disclose the sale of an aggregate of
138,000 shares of the Company's Common Stock by the Savena Trust; the transfer
by gift by Mrs. de Vitry of an aggregate of 150,000 shares and the replacement
of Dr. Alfred Bietenholz as trustee by Stadlin. In addition, all share amounts
have been restated to reflect a 2-for-1 stock split by way of a stock dividend
distributed on January 6, 1995.
Item 1. Security and Issuer.
Common Stock, $1.00 par value per share of Ionics, Incorporated, a
Massachusetts corporation. The address of the issuer's principal executive
office is 65 Grove Street, Watertown, MA 02172.
Item 2. Identity and Background.
I. a) Savena Trust.
b) 8 Elizabethen Strasse,
4010, Basel, Switzerland, CH
c) The Savena Trust is a trust created under the laws
of Liechtenstein, the principal indirect
beneficiary of which is Arnaud de Vitry
d'Avaucourt. Both Mr. and Mrs. de Vitry
d'Avaucourt disclaim beneficial ownership of the 524,000
shares held by the Savena Trust.
d) Criminal proceedings -- not applicable.
e) Civil proceedings -- not applicable.
f) Place of Organization -- Liechtenstein.
II. a) Philora Trust.
b) 8 Elizabethen Strasse,
4010, Basel, Switzerland, CH
c) The Philora Trust is a trust created under the laws
of Liechtenstein, the principal indirect
beneficiary of which is Henriette de Vitry
d'Avaucourt. Both Mr. and Mrs. de Vitry
d'Avaucourt disclaim beneficial ownership of the
341,926 shares held by the Philora Trust.
d) Criminal proceedings -- not applicable.
e) Civil proceedings -- not applicable.
f) Place of Organization -- Liechtenstein.
III. The present individual trustees of both the Savena Trust
and the Philora Trust are as follows:
1. a) Dr. Markus Stadlin
b) 8 Elizabethen Strasse,
4010, Basel, Switzerland, CH
c) Self-employed attorney practicing in Basel,
Switzerland at the business address listed at III
(1)(b) above.
d) Criminal proceedings -- none.
e) Civil proceedings -- none.
f) Citizenship -- Switzerland.
2. a) Interfiducia Trust Reg.
b) Post Office Box 344
FL-9490 Vaduz, Liechtenstein
c) The Interfiducia Trust Reg. is a trust created
under the laws of Liechtenstein.
d) Criminal proceedings -- none.
e) Civil proceedings -- none.
f) Citizenship -- Liechtenstein.
3. a) Alex Fischer
b) 8 Elizabethen Strasse,
4010, Basel, Switzerland, CH
c) Self-employed attorney practicing in Basel,
Switzerland at the business address listed at (b)
above.
d) Criminal proceedings -- none.
e) Civil proceedings -- none.
f) Citizenship -- Switzerland.
IV. a) Arnaud de Vitry d'Avaucourt
b) 41, Rue de l'Universite, 75007, Paris, France.
c) Mr. de Vitry d'Avaucourt is Chairman of the Board,
Eureka (SICAV) Paris, a French investment firm.
Mr. de Vitry d'Avaucourt's address is 41, Rue de
l'Universite, 75007, Paris, France.
d) Criminal proceedings -- none.
e) Civil proceedings -- none.
f) Citizenship -- France.
V. a) Henriette de Vitry d'Avaucourt
b) 41, Rue de l'Universite, 75007, Paris, France.
c) Mrs. de Vitry d'Avaucourt is engaged in the
practice of psychoanalysis. Mrs. de Vitry
d'Avaucourt's address is 41, Rue de l'Universite,
75007, Paris, France.
d) Criminal proceedings -- none.
e) Civil proceedings -- none.
f) Citizenship -- France.
Item 3. Source and Amount of Funds or Other Considerations.
This Amendment No. 2 is being filed in order to disclose a decrease in
the ownership of shares of Common Stock of the Company by certain of the
Reporting Persons as a net result of the following transactions: (i) the sale by
the Savena Trust of 138,000 shares; (ii) the transfer by gift by Mrs. de Vitry
of 150,000 shares; and (iii) the grant and vesting and/or exercise of options to
purchase of 13,500 additional shares, of which 3,500 shares are subject to
presently exercisable stock options held by Mr. de Vitry.
Item 5. Interest in Securities of the Issuer.
As of June 13, 1996, the Reporting Persons making this filing may
collectively be deemed to beneficially own (as that term is defined in Rule
13d-3 under the Act), 894,926 shares of Common Stock of the Company, which
represents approximately 5.98% of the outstanding shares of Common Stock of the
Company based on a total of 14,962,085 shares of the Company's Common Stock
outstanding as of March 31, 1996, as disclosed by the Company.
Under the Savena Trust instrument, the trustees of the Savena Trust have
sole power to vote or direct the vote of all 524,000 shares held by the Savena
Trust and sole power to dispose or direct the disposition of all such shares.
Each individual trustee listed in Item 2 may be deemed to share power with each
other such trustee (i) to vote or direct the vote of all 524,000 shares held by
the Savena Trust and (ii) to dispose or direct the disposition of all such
shares. Accordingly, Mr. and Mrs. de Vitry each individually disclaims
beneficial ownership of all shares held by the Savena Trust.
Under the Philora Trust instrument, the trustees of the Philora Trust
have sole power to vote or direct the vote of all 341,926 shares held by the
Philora Trust and sole power to dispose or direct the disposition of all such
shares. The individual trustees of such trust may be deemed to share power with
each other such trustee (i) to vote or direct the vote of all 341,926 shares
held by the trust and (ii) to dispose or direct the disposition of all such
shares. Accordingly, Mr. and Mrs. de Vitry each individually disclaims
beneficial ownership of all shares held by the Philora Trust.
Since the individual trustees of the Savena Trust and the Philora Trust
are the same persons or entities, each such trustee may be deemed to share power
with the other trustee (i) to vote or direct the vote of the aggregate of
865,926 shares held by the Savena Trust and the Philora Trust and (ii) to
dispose or direct the disposition of all such shares.
Mr. de Vitry may be deemed to beneficially own 22,000 shares of the
Company's Common Stock. Such shares represent less than 1% of the Company's
outstanding shares, based on 14,962,085 shares outstanding as of March 31, 1996.
Mr. de Vitry may be deemed to have sole power to vote or direct the vote and
sole power to dispose or direct the disposition of 10,000 shares held by him and
3,500 such shares subject to presently exercisable options. He also shares with
his wife the power to dispose or direct the disposition of the remaining 12,000
shares held by a French financial institution in a fiduciary capacity for Mrs.
de Vitry, and accordingly may be deemed to beneficially own such 12,000 shares.
Mrs. de Vitry may be deemed to beneficially own the 12,000 shares of the
Company's Common Stock held by a French financial institution in a fiduciary
capacity for her over which she shares dispositive power with her husband and
has sole voting power. Such shares represent less than 1% of the outstanding
shares.
On June 13, 1996, Mrs. de Vitry transferred by gift an aggregate of
150,000 shares.
Item 7. Material to be Filed as
Exhibits to Amendment No. 2.
*Exhibit 1. Agreement regarding filing of a joint Schedule 13D.
*Exhibit 2. Stock Purchase Agreement dated as of August 5, 1988 by
and between Ionics, Incorporated and the Savena Trust.
*Exhibit 3. Letter Agreement dated August 8, 1988 by and between
Ionics, Incorporated and the Philora Trust.
*Exhibit 4. Stock Purchase Agreement dated as of May 18, 1988 by and
between Ionics, Incorporated and the Philora Trust.
*Exhibit 5. Letter Agreement and General Pledge Agreement each dated
August 10, 1988 by and between Bank Dreyfus & Sons and the
Savena Trust (original in the German language with English
translation provided).
*Exhibit 6. Power of attorney conferring certain authority on Alfred
Bietenholz on behalf of Interfiducia Trust Reg., a trustee of
Savena Trust (original in the German language with English
translation provided).
*Exhibit 7. Powers of attorney conferring certain authority on
Richard J. Testa, Gordon H. Hayes, Jr., Caesar J. Belbel and
Alfred Bietenholz.
**Exhibit 8. Agreement regarding filing of a joint Schedule 13D.
**Exhibit 9. Power of attorney conferring certain authority on Alex
Fischer on behalf of Interfiducia Trust Reg., a trustee of
Savena and Philora Trusts.
**Exhibit 10. Powers of attorney conferring certain authority on
Richard J. Testa, Gordon H. Hayes, Jr., Mitchell S. Bloom and
Alex Fischer.
***Exhibit 11. Agreement regarding filing or a joint schedule 13D
***Exhibit 12. Power of Attorney by Markus Stadlin conferring certain
authority on Richard J. Testa, Gordon H. Hayes, Jr., Mitchell
S. Bloom and Alex Fischer
- ----------------------
* Incorporated by reference from Schedule 13D dated August 15, 1988.
** Incorporated by reference from Amendment No. 1 to this Schedule 13D, dated
June 22, 1994.
*** Filed herewith.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this Statement is true, complete
and correct.
The Savena Trust
/s/Henriette de Vitry d'Avaucourt By:/s/Alex Fischer
Henriette de Vitry d'Avaucourt Trustee
- ------------------------------ -------
The Philora Trust
/s/Arnaud de Vitry d'Avaucourt By:/s/Alex Fischer
- ------------------------------ ------------------
Arnaud de Vitry d'Avaucourt Trustee
The INTERFIDUCIA Trust Reg.
(a Trustee of both the
Savena Trust and the Philora
Trust)
By:/s/Alex Fischer
------------------
Alex Fischer
Attorney-in-Fact
By:/s/Markus Stadlin
-----------------------
Markus Stadlin,
a Trustee of both the
Savena Trust and the
Philora Trust
By:/s/Alex Fischer
------------------
Alex Fischer,
a Trustee of both the
Savena Trust and the
Philora Trust
Dated: June 13, 1996
EXHIBIT 11
AGREEMENT
Pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13D need be filed with respect to the current ownership of
any of the undersigned of shares of Common Stock of Ionics, Incorporated or any
purchase of additional stock or sales of such stock of the Company by and of the
undersigned.
The Savena Trust
/S/ Henriette de Vitry d'Avaucourt
- ------------------------------------ By: /s/ Alex Fischer
Henriette de Vitry d'Avaucourt ----------------------------
Trustee
The Philora Trust
/s/ Arnaud de Vitry d'Avaucourt
- ----------------------------------- By: /s/ Alex Fischer
Arnaud de Vitry d'Avaucourt ----------------------------
Trustee
The INTERFIDUCIA Trust Reg.
(a Trustee of both the Savena Trust
and the Philora Trust)
By: /s/ Alex Fischer
----------------------------
Attorney-In-Fact
/s/ Markus W. Stadlin
--------------------------------
Markus W. Stadlin,
(a Trustee of both the Savena Trust
and the Philora Trust)
/s/ Alex Fischer
--------------------------------
Alex Fischer,
(a Trustee of both the Savena Trust
and the Philora Trust)
EXHIBIT 12
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby constitutes and appoints Richard J. Testa, Gordon H Hayes, Jr.,
Mitchell S. Bloom and Alex Fischer his true and lawful attorneys-in fact and
agents, with full power of substitution and resubstitution, for him and in his
name, place and stead, in any and all capabilities (until revoked in writing) to
sign any and all instruments, certificates, amendments and documents required to
be executed on behalf of himself pursuant to Section 13(d) and Section 13(g) of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act, granting unto said attorneys-in-fact and agents
full power and authority to do and perform each and every act and thing
requisite and necessary fully to all intents and purposes as he might or could
do in person thereby ratifying and confirming all that said attorneys-in-fact
and agents, or his substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
19th day of August, 1996.
/s/ Markus W. Stadlin
------------------------------
Markus W. Stadlin, a Trustee
of both the Savena Trust
and the Philora Trust
