UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)(1)
Copley Properties Inc.
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
217454107
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(Cusip Number)
Daniel R. Tisch
Mentor Partners, L.P.
500 Park Avenue
New York, New York 10022
(212) 935-7640
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 7, 1996
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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 13d-1(a) for other parties to whom copies are to be
sent.
- --------
(1)The remainder of this cover poage shall be filled out for a reporting
persons'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>
SCHEDULE 13D
CUSIP No. 217454107 Page 2 of 4 Pages
--------- ----- ------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mentor Partners, L.P. Employer I.D.# 06-126-0469
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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7 SOLE VOTING POWER
NUMBER OF 251,900
SHARES -----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 251,900
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
251,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4 Pages
<PAGE>
This Amendment No. 1 amends the Schedule 13D filed with the
Securities and Exchange Commission (the "Commission") on February 5, 1996 (the
"Schedule 13D") by Mentor Partners, L.P., a Delaware limited partnership (the
"Partnership"), relating to the to the Common Stock, par value $1.00 per share
(the "Shares"), of Copley Properties Inc., a Delaware corporation (the
"Company"). Capitalized terms used and not defined herein shall have the
meanings assigned such terms in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
The information set forth in Item 5 ("Interest in Securities
of the Issuer") of the Schedule 13D is hereby amended and supplemented by adding
the following information to the respective paragraphs thereof.
(a) As of the close of business on March 8, 1996, the
Partnership beneficially owns an aggregate of 251,900 Shares (which is
approximately 7.0% of the 3,584,350 Shares outstanding as reported in the
Company's most recent filing with the Securities and Exchange Commission).
(c) Transactions in the Shares in the past 60 days by the
Partnership are set forth on Schedule A attached hereto and hereby incorporated
herein by reference. Except for such transactions, no other transactions in the
Shares have been effected during the past sixty days by the Partnership or, to
its best knowledge, any Control Person.
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.
Dated: March 11, 1996
MENTOR PARTNERS, L.P.
By: /s/ Daniel R. Tisch
--------------------
Daniel R. Tisch
Authorized Signature
Page 3 of 4 Pages
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EXHIBIT A
---------
Acquisitions of Shares by the Partnership
During the Past Sixty Days
------------------------------------------
Date of Number Aggregate Price Per
Transaction of Shares Price Share
----------- --------- --------- ---------
January 25, 1996 46,900 658,325.92 14.037
January 26, 1996 7,600 106,743.52 14.045
January 29, 1996 5,100 71,706.00 14.060
January 30, 1996 3,500 49,210.00 14.060
January 31, 1996 4,000 56,102.40 14.026
February 1, 1996 7,000 98,420.00 14.060
February 2, 1996 4,300 59,920.50 13.935
February 5, 1996 2,800 39,368.00 14.060
February 8, 1996 1,000 14,060.00 14.060
February 9, 1996 900 12,654.00 14.060
February 12, 1996 900 12,654.00 14.060
February 16, 1996 19,400 287,314.00 14.810
February 26, 1996 10,000 148,100.00 14.810
March 7, 1996 900 13,554.00 15.060
March 8, 1996 10,600 160,861.36 15.176
All Shares were purchased in transactions on the American Stock Exchange.
Page 4 of 4 Pages
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