UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-17150
FORM 10-Q
FOR PERIOD ENDED: December 31, 1998
PAINEWEBBER DEVELOPMENT PARTNERS FOUR, LTD.
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(Exact name of registrant as specified in its charter)
265 Franklin Street, Boston, Massachusetts 02110
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (617) 439-8118
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PART II - RULES 12B-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
|X| (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
|X| (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report of transition report on Form
10-Q, or portion thereof will be filed on or before the fifth calendar
day following the prescribed due date; and
|_| (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Quarterly Report on Form 10-Q of PaineWebber Development Partners Four, Ltd.
(the "Registrant") will not be completed by February 16, 1999, the last day for
a timely filing of such Quarterly Report for the period ended December 31, 1998.
Additional time is required in order to enable the Registrant to file a complete
report. The Form 10-Q for the period ended December 31, 1998 will be filed on or
before February 22, 1999, in accordance with Rule 12b-25(b).
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Thomas W. Boland (617) 439-8138
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(2) Have all other periodic reports
under Section 13 or 15(e) of the
Securities Exchange Act of 1934 or
Section 30 of the Investment
Company Act of 1940 during the
preceding 12 months (or for such
shorter) period that the registrant
was required to file such reports)
been filed? If answer is no,
identify report(s). |X| Yes |_| No
(3) Is it anticipated that any
significant change in results of
operations from the corresponding
period for the last fiscal year
will be reflected by the earnings
statements to be included in the
subject report or portion thereof? |_| Yes |X| No
PAINEWEBBER DEVELOPMENT PARTNERS FOUR, LTD.
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(Name of registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
By: Fourth Development Fund, Inc.
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Managing General Partner
Date: February 16, 1999 By: /s/ Walter V. Arnold
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Walter V. Arnold
Senior Vice President
and Chief Financial Officer
