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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. 2)*
Pacific Gateway Properties, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $1.00 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
0007438431
----------------------------------------
(CUSIP Number)
David Post, Hansen Investment Management Company
4000 Civic Center Drive, Suite 200
San Raphael, CA 94903
(415) 499-1400
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications)
June 16, 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 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
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 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).
(Continued on following pages(s))
Page 1 of 16 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
SCHEDULE 13D
- -------------------------------------- -------------------------
CUSIP NO. 0007138431 Page 2 of 16 Pages
- -------------------------------------- -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Avery Family Revocable Trust ###-##-####
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
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 OR PLACE OF ORGANIZATION
U.S.
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
SCHEDULE 13D
- -------------------------------------- -------------------------
CUSIP NO. 0007138431 Page 3 of 16 Pages
- -------------------------------------- -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Post as General Partner of Mijen L.P. 1 ###-##-####
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
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 OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
SCHEDULE 13D
- -------------------------------------- -------------------------
CUSIP NO. 0007138431 Page 4 of 16 Pages
- -------------------------------------- -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mijen L.P. 1, a California Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
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 OR PLACE OF ORGANIZATION
California
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
SCHEDULE 13D
- -------------------------------------- -------------------------
CUSIP NO. 0007138431 Page 5 of 16 Pages
- -------------------------------------- -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James H. Stein ###-##-####
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
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 OR PLACE OF ORGANIZATION
U.S.
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
SCHEDULE 13D
- -------------------------------------- -------------------------
CUSIP NO. 0007138431 Page 6 of 16 Pages
- -------------------------------------- -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Emmet Purcell IRA dated August 15, 1991, Charles Schwab, Custodian
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
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 OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
SCHEDULE 13D
- -------------------------------------- -------------------------
CUSIP NO. 0007138431 Page 7 of 16 Pages
- -------------------------------------- -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pauline C. Buchanan, IRA dated August 3, 1990 Merrill Lynch Custodian
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
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 OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
SCHEDULE 13D
- -------------------------------------- -------------------------
CUSIP NO. 0007138431 Page 8 of 16 Pages
- -------------------------------------- -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jacqueline Reyes IRA, Bank of America, Custodian ###-##-####
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
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 OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 9 of 16 Pages
This Amendment No. 2 is filed pursuant to Rule 13d-2(a) under the Securities
Exchange Act of 1934, as amended (the "Act"), and amends the Statement on
Schedule 13D filed October 17, 1990, and Amendment No. 1 thereto filed December
15, 1990 with respect to the Common Shares of Pacific Gateway Properties, Inc.,
a corporation organized under the laws of New York (formerly Perini Investment
Properties, Inc.)(the "Company"), owned by the following persons and entities
who are collectively referred to as (the "Reporting Persons"): (i) David Post as
General Partner of Mijen L.P. 1 ("Post"),(ii) Mijen L.P. 1, a California Limited
Partnership ("Mijen"), (iii) Avery Family Revocably Trust ("Avery"), (iv) James
H. Stein, (v) Pauline C. Buchanan, IRA dated August 3, 1990, Merrill Lynch,
Custodian ("Buchanan"), (vi) Emmet Purcell IRA dated August 15, 1991, Charles
Schwab, Custodian ("Purcell IRA"), and (vii) Jacquelyn Reyes IRA, Bank of
America, Custodian ("Reyes"). All information contained in this Amendment No. 2
regarding beneficial ownership of shares of the Company is as of June 30, 1997.
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock, par value $1.00 per share, of
Pacific Gateway Properties, Inc., a New York corporation. The principal
executive office of Pacific Gateway Properties, Inc. is located at One Ricon
Center, 101 Spear Street, Suite 215, San Francisco, CA 94105.
ITEM 2. IDENTITY AND BACKGROUND.
The Reporting Persons and the persons enumerated in Instruction C of Schedule
13D and, where applicable, their respective general partners, directors,
executive officers and controlling persons, and the information required by Item
2 regarding them, are as follows:
(a) Mijen L.P. 1, a California Limited Partnership
(b) c/o Hanson Investment Management Company
4000 Civic Center Drive, Suite 200
San Raphael, CA 94903
Place of Organization: a California
Limited Partnership
(c) Principal Business: investment vehicle
(d) See below
(e) See below
(f) A California limited partnership
(a) Avery Family Revocable Trust, L. Burt Avery and Marion Peterson
Avery, Trustees
(b) c/o Avery Construction
130 East Dana Street
Mountain View, CA 94041-1599
Place of Organization: California
(c) Principal Business: L. Burt Avery - Construction
<PAGE>
Page 10 of 16 Pages
Marion Peterson Avery - Homemaker
(d) See below
(e) See below
(f) A California revocable trust
(a) David Post as General Partner of Mijen L.P. 1
(b) c/o Hanson Investment Management Company
4000 Civic Center Drive, Suite 200
San Raphael, CA 94903
(c) Principal Business: Investment Advisor
(d) See below
(e) See below
(f) United States
(a) Pauline C. Buchanan, IRA dated August 3, 1990, Merrill Lynch,
Custodian
(b) c/o Hanson Investment Management Company
4000 Civic Center Drive, Suite 200
San Raphael, CA 94903
(c) Principal Business: retired
(d) See below
(e) See below
(f) United States
(a) Emmet Purcell IRA, dated August 15, 1991, Charles Schwab, Custodian
(b) c/o Hanson Investment Management Company 4000 Civic Center Drive,
Suite 200 San Raphael, CA 94903
(c) Principal Business: retired
(d) See below
(e) See below
(f) United States
(a) James H. Stein
(b) 1 Miguel Street
San Francisco, CA 94131
(c) Principal Business: Software Engineer
Employer: Applied Bio Systems
779 Lincoln Center Drive
Foster City, CA 94404
<PAGE>
Page 11 of 16 Pages
(d) See below
(e) See below
(f) United States
(a) Jacqueline Reyes IRA, Bank of America Custodian
(b) 2460 Union Street
San Francisco, CA 94123
(c) Principal Business: Administrative and bookeeping consultant
(d) See below
(e) See below
(f) United States
None of the persons listed above in this Item 2 has been, during the last
five years, (a) convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors), or (b) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violations with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Each of the Reporting Persons hereunder sold shares to Richard M. Osborne in a
privately negotiated transaction and the aggregate purchase prices paid to each
of the Reporting Persons is as follows:
Mijen L.P. 1, a California Limited Partnership - $385,332 in cash
Avery Family Revocable Trust, L. Burt Avery and Marion Peterson Avery,
Trustees - $1,227,600 in cash
Pauline C. Buchanan, IRA dated August 3, 1990, Merrill Lynch, Custodian -
$12,600 in cash
Emmet Purcell IRA, dated August 15, 1991, Charles Schwab, Custodian -
$30,000 in cash
James H. Stein - $107,046 in cash
Jacqueline Reyes IRA, Bank of America Custodian - $2,700 in cash
<PAGE>
Page 12 of 16 Pages
ITEM 4. PURPOSE OF TRANSACTION
The Stock had been acquired and subsequently sold for investment purposes.
Although they have no current plans to do so, the Reporting Persons reserve the
right to purchase additional Stock or to dispose of Stock in the open market or
in privately negotiated transactions or in any other lawful manner. The
Reporting Persons will evaluate their holdings of Stock from time to time and,
acting independently, reserve the right to take whatever action with respect to
such holdings as they may deem to be in their respective best interests.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) The beneficial ownership of Stock by each Reporting Person,
calculated in accordance with Rule 13d-3(d)(1)(i) and based on 3,892,596 shares
of Stock outstanding (the number of shares stated to be outstanding as of June
30, 1997 in the Pacific Gateway Property, Inc. Form 10-Q for the quarter ended
June 30, 1997):
Mijen L.P. 1, a California Limited Partnership - 0 shares
Avery Family Revocable Trust, L. Burt Avery and Marion Peterson Avery,
Trustees - 0 shares
Pauline C. Buchanan, IRA dated August 3, 1990, Merrill Lynch, Custodian - 0
shares
Emmet Purcell IRA dated August 15, 1991, Charles Schwab, Custodian - 0
shares
James H. Stein - 0 shares
Jacqueline Reyes IRA, Bank of America, Custodian - 0 shares
Each Reporting Person has sole voting and sole dispositive power over the shares
reported following their name above, except that David Post, as General Partner
of Mijen L.P. 1 may be deemed to have shared voting and dispositive power with
respect to the shares held by Mijen L.P. 1 and may be deemed to be the
beneficial owner of such shares.
(c) and (e) Each Reporting Person sold the following number of shares to Richard
Osborne on the date set forth below in a privately negotiated transaction and on
such date the Group comprised of each Reporting Person ceased to be a Reporting
Person:
Mijen L.P. 1, a California Limited Partnership - On June 16, 1997, Mijen
L.P. 1 sold 64,222 shares to Richard Osborne for $6.00 per share.
<PAGE>
Page 13 of 16 Pages
Avery Family Revocable Trust, L. Burt Avery and Marion Peterson Avery,
Trustees - On June 16, 1997, the Avery Family Revocable Trust sold 204,600
shares to Richard Osborne for $6.00 per share.
Pauline C. Buchanan, IRA dated August 3, 1990, Merrill Lynch, Custodian -
On May 23, 1997, Pauline C. Buchanan IRA sold 2,100 shares to Richard
Osborne for $6.00 per share.
Emmet Purcell IRA dated August 15, 1991, Charles Schwab, Custodian- On May
23, 1997, the Emmet Purcell IRA sold 5,000 shares to Richard Osborne for
$6.00 per share.
James H. Stein - On May 23, 1997, Mr. Stein sold 17,841 shares to Richard
Osborne for $6.00 per share.
Jacqueline Reyes IRA, Bank of America, Custodian - On May 23, 1997, the
Jacqueline Reyes IRA sold 5,000 shares to Richard Osborne for $6.00 per
share.
All other transactions in Stock by the Reporting Persons occurred prior to the
past sixty days.
(d). Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
In connection with the sale of the shares by the Reporting Persons to Richard
Osborne, the parties entered into a Stock Purchase Agreement with Mr. Osborne
pursuant to which the Reporting Persons sold the shares listed above for $6.00
per share to Mr. Osborne.
See the material filed in response to Item 7, which is incorporated herein by
reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
(i) Agreement of Limited Partnership of Mijen L.P. 1, a California Limited
Partnership and (ii) the Incentive Fee Agreement between David Post and The
Avery Family Revocable Trust are each incorporated by reference hereto from the
Schedule 13D dated October 17, 1990 filed for Pacific Gateway Properties, Inc.
(formerly Perini Investment Properties, Inc.), on behalf of the Reporting
Persons.
<PAGE>
Page 14 of 16 Pages
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. This statement is filed on behalf of each of the undersigned.
/s/ David Post
-------------------------------------- Date: 9/15/97
David Post as General Partner of Mijen L.P. 1 -------
Mijen L.P. 1, a California Limited Partnership Date: 9/15/97
-------
By: /s/ David E. Post
---------------------------------
Name: David E. Post
-------------------------------
Title: General Partner, Mijen L.P. 1
------------------------------
Avery Family Revocably Trust Date: 9/15/97
-------
By: /s/ L. Burt Avery
---------------------------------
Name: L. Burt Avery
-------------------------------
Title: Trustee
------------------------------
Jacqueline Reyes IRA, Date: 8/27/97
Bank of America, Custodian -------
By: /s/ Jacqueline Reyes
---------------------------------
Name: Jacqueline Reyes
-------------------------------
Title: Account Holder
------------------------------
Pauline C. Buchanan, IRA dated August 3, 1990,
Merrill Lynch, Custodian Date: 9/14/97
--------
By: /s/ Pauline C. Buchanan
---------------------------------
Name: Pauline C. Buchanan
-------------------------------
Title:
------------------------------
<PAGE>
Page 15 of 16 Pages
Signature (Continued):
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. This statement is filed on behalf of each of the undersigned.
Emmet Purcell IRA dated August 15, 1991 Date: 8/26/97
Charles Schwab, Custodian --------
By: /s/ Emmet Purcell
---------------------------------
Name: Emmet Purcell
-------------------------------
Title:
------------------------------
/s/ James H. Stein Date: 9/5/97
----------------------- -------
James H. Stein
<PAGE>
Page 16 of 16 Pages
INDEX TO EXHIBITS
Exhibit Description Page
1. Agreement of Limited Partnership of Mijen L.P. 1, a *
California Limited Partnership.
2. The Incentive Fee Agreement between David Post and **
The Avery Family Revocable Trust.
* Incorporated by reference to Exhibit 1 to the Schedule 13D dated
October 17, 1990 filed for Pacific Gateway Properties, Inc. (formerly
Perini Investment Properties, Inc.) with the Securities and Exchange
Commission.
** Incorporated by reference to Exhibit 2 to the Schedule 13D dated
October 17, 1990 filed for Pacific Gateway Properties, Inc. (formerly
Perini Investment Properties, Inc.) with the Securities and Exchange
Commission.
