UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
PERINI CORPORATION
------------------
(Name of Issuer)
Common Stock and
Series B Cumulative Convertible Preferred Stock
-----------------------------------------------
(Title of Class of Securities)
713-839108
----------
(CUSIP Number)
Murray A. Indick
BLUM Capital Partners, L.P.
(formerly Richard C. Blum & Associates, L.P.)
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 15, 1999
-----------------
(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 [ ].
*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 11
CUSIP NO. 713-839108 SCHEDULE 13D Page 2 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON PB CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3248865
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 123,123.40
BENEFICIALLY (of Series B Shares)**
OWNED BY EACH 2,593,097
PERSON WITH (of common stock, after conversion)**
-----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 123,123.40
(of Series B Shares)**
2,593,097
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 123,123.40
(of Series B Shares)**
2,593,097
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 61.5%
(of Series B Shares)**
31.5%
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 713-839108 SCHEDULE 13D Page 3 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
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
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 154,187.54
BENEFICIALLY (of Series B Shares)**
OWNED BY EACH 3,239,027
PERSON WITH (of common stock, after conversion)**
-----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 154,187.54
(of Series B Shares)**
3,239,027
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,187.54
(of Series B Shares)**
3,239,027
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 77.0%
(of Series B Shares)**
36.5%
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 713-839108 SCHEDULE 13D Page 4 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
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
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 154,187.54
BENEFICIALLY (of Series B Shares)**
OWNED BY EACH 3,239,027
PERSON WITH (of common stock, after conversion)**
-----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 154,187.54
(of Series B Shares)**
3,239,027
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,187.54
(of Series B Shares)**
3,239,027
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 77.0%
(of Series B Shares)**
36.5%
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 713-839108 SCHEDULE 13D Page 5 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
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.
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 154,187.54
BENEFICIALLY (of Series B Shares)**
OWNED BY EACH 3,239,027
PERSON WITH (of common stock, after conversion)**
-----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 154,187.54
(of Series B Shares)**
3,239,027
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,187.54
(of Series B Shares)**
3,239,027
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 77.0%
(of Series B Shares)**
36.5%
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 713-839108 SCHEDULE 13D Page 6 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 23-7037968
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION New York
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 31,064.14
BENEFICIALLY (of Series B Shares)**
OWNED BY EACH 641,676
PERSON WITH (of common stock, after conversion)**
-----------------------------------------------------------
9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 31,064.14
(of Series B Shares)**
641,676
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,064.14
(of Series B Shares)**
641,676
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.5%
(of Series B Shares)**
10.1%
(of common stock, after conversion)**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 713-839108 SCHEDULE 13D Page 7 of 11
This Amendment No. 4 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") June 30,
1999 by PB Capital Partners, L.P., a Delaware limited partnership ("PB
Capital"), BLUM Capital Partners, L.P. (formerly Richard C. Blum & Associates,
L.P.), a California limited partnership ("BLUM LP"); Richard C. Blum &
Associates, Inc., a California corporation ("RCBA Inc."); Richard C. Blum, the
Chairman and a substantial shareholder of RCBA Inc.; and The Common Fund for
Nonprofit Organizations, a New York nonprofit corporation ("The Common Fund")
(collectively, the "Reporting Persons"). This Amendment No. 4 relates to the
Series B Cumulative Convertible Preferred Stock (the "Series B Shares") of the
Perini Corporation (the "Issuer") and the common stock of the Issuer into
which such stock is convertible. The principal executive office and mailing
address of the Issuer is 73 Mt. Wayne Avenue, Framingham, Massachusetts 01701.
The following amendments to Items 2 and 5 of the Schedule 13D are hereby made.
Unless otherwise defined herein, all capitalized terms shall have the meanings
ascribed to them in the Schedule 13D.
Item 2. Identity and Background
- --------------------------------
Item 2 of the Schedule 13D is hereby amended to include the following
additional information.
In September 1999, Richard C. Blum & Associates, L.P. changed its name to BLUM
Capital Partners, L.P. BLUM LP is a California limited partnership whose
principal business is acting as general partner for investment partnerships
and providing investment advisory services. BLUM LP is an investment advisor
registered with the Securities and Exchange Commission. The sole general
partner of BLUM LP is RCBA Inc.
The principal business office address of BLUM LP and RCBA Inc. is 909
Montgomery Street, Suite 400, San Francisco, California 94133. The names of
the executive officers and directors of RCBA Inc., their addresses,
citizenship and principal occupations are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
President & Suite 400 BLUM LP
Chairman San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Partner,
Managing Partner Suite 400 BLUM LP
& Director San Francisco, CA 94133
Jeffrey W. Ubben 909 Montgomery St. USA Managing Partner,
Managing Partner Suite 400 BLUM LP
& Director San Francisco, CA 94133
CUSIP NO. 713-839108 SCHEDULE 13D Page 8 of 11
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Claus J. Moller 909 Montgomery St. Denmark Managing Partner,
Managing Partner Suite 400 BLUM LP
& Director San Francisco, CA 94133
George F. Hamel, Jr. 909 Montgomery St. USA Partner,
Partner Suite 400 BLUM LP
San Francisco, CA 94133
Marc T. Scholvinck 909 Montgomery St. USA Partner & Chief
Partner, Chief Suite 400 Financial Officer,
Chief Financial, San Francisco, CA 94133 BLUM LP
Assistant Secretary
& Director
Murray A. Indick 909 Montgomery St. USA Partner and
Partner, General Suite 400 General Counsel,
Counsel & Secretary San Francisco, CA 94133 BLUM LP
John C. Walker 909 Montgomery St. USA Partner,
Partner Suite 400 BLUM LP
San Francisco, CA 94133
Kevin A. Richardson 909 Montgomery St. USA Partner,
Partner Suite 400 BLUM LP
San Francisco, CA 94133
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been 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 violation with respect to such
laws.
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
Item 5 of the Schedule 13D is hereby amended as follows:
(a),(b) According to information provided by Issuer, there were 200,183.85
shares of the Series B Shares and 5,682,287 shares of the Common Stock issued
and outstanding as of December 21, 1999.
Based on the above information, after taking into account the transactions
described in Item 5(c) below, the following Reporting Persons will report the
following holdings and corresponding percentage interests in the Series B
CUSIP NO. 713-839108 SCHEDULE 13D Page 9 of 11
Shares and Common Shares (assuming the conversion of each Reporting Person's
Series B Shares into Common Shares):
Total Common Shares
Series B Shares (after conversion)
--------------------- ---------------------
Name No. Owned % Owned No. Owned % Owned
- ----------------- --------- ------- --------- -------
PB Capital 123,123.40 61.5% 2,593,097(1) 31.5%
The Common Fund 31,064.14 15.5% 641,676 10.1%
BLUM LP 154,187.54 77.0% 3,239,027(2) 36.5%
RCBA Inc. 154,187.54 77.0% 3,239,027(2) 36.5%
Richard C. Blum 154,187.54 77.0% 3,239,027(2) 36.5%
Note (1) Includes 49,801 shares of common stock of Issuer owned by the United
Brotherhood of Carpenters Pension Fund ("UBC"), which is a limited partner of
PB Capital.
Note (2) Includes shares of common stock (after conversion) of Issuer as
follows: the 2,593,097 shares described in Note (1); the 641,676 shares owned
by The Common Fund; and 4,254 shares owned by BLUM LP. Richard C. Blum is a
significant stockholder and chairman of RCBA Inc., the general partner of BLUM
LP, which is the general partner of PB Capital with voting and investment
power concerning PB Capital's shares, and the investment advisor to The Common
Fund with voting and investment power over The Common Fund's shares. BLUM LP,
RCBA Inc. and Mr. Blum disclaim beneficial ownership of such shares except to
the extent of any pecuniary interest therein. The Common Fund disclaims
membership in a group with any of the Reporting Persons, and disclaims
beneficial ownership of any shares held by the Reporting Persons.
(c) On December 15, 1999, the Issuer issued 3,003.01 additional Series B
Shares to PB Capital as payment-in-kind dividends payable on PB Capital's pre-
existing Series B Shares, and 757.66 additional Series B Shares to The Common
Fund as payment-in-kind dividends payable on The Common Fund's pre-existing
Series B Shares. The Reporting Persons have engaged in no transaction
involving shares of the Common Stock for the 60 days prior to the date of the
event requiring the filing of this statement.
(d), (e) No change.
Item 7. Material to Be Filed as Exhibits
- --------------------------------------------
Exhibit A Joint Filing Undertaking
CUSIP NO. 713-839108 SCHEDULE 13D Page 10 of 11
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
December 22, 1999
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Partner, General Counsel Partner, General Counsel
and Secretary and Secretary
/s/ Murray A. Indick
PB CAPITAL PARTNERS, L.P. -------------------------------------
By BLUM Capital Partners, L.P., RICHARD C. BLUM
its general partner
By Richard C. Blum & Associates, Inc., By Murray A. Indick
its general partner Attorney-in-Fact
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Partner, General Counsel
and Secretary
THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS
By BLUM Capital Partners, L.P.,
its investment advisor
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Partner, General Counsel
and Secretary
CUSIP NO. 713-839108 SCHEDULE 13D Page 11 of 11
Exhibit A
Joint Filing Undertaking
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to the Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
December 22, 1999
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Partner, General Counsel Partner, General Counsel
and Secretary and Secretary
/s/ Murray A. Indick
PB CAPITAL PARTNERS, L.P. -------------------------------------
By BLUM Capital Partners, L.P., RICHARD C. BLUM
its general partner
By Richard C. Blum & Associates, Inc., By Murray A. Indick
its general partner Attorney-in-Fact
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Partner, General Counsel
and Secretary
THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS
By BLUM Capital Partners, L.P.,
its investment advisor
By Richard C. Blum & Associates, Inc.
its general partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Partner, General Counsel
and Secretary
