SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
AMENDMENT NO. 1
SCHEDULE l3D
Under the Securities Exchange Act of l934
PITTSBURGH & WEST VIRGINIA RAILROAD
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(Name of Issuer)
Shares of Beneficial Interest, without par value
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(Title of Class of Securities)
724819107
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(CUSIP NUMBER)
H. J. Skelton
P. O. Box 19366
Jacksonville, Florida 32245-9366
(904) 223-4700
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(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
October 23, 1998
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a Statement on Schedule l3G
to report the acquisition which is the subject of this Statement and is filing
this Statement because of Rule l3d-1(b) (3) or (4), check the following box: ( )
Check the following box if a fee is being paid with this Statement: ( )
1
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CUSIP NO. 724819107 13D
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1. NAME OF REPORTING PERSON
BRICE R. SMITH, III
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: a( )
Not a member of a group b( )
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF-AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ( )
None
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri - U.S.A.
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Number of 7. SOLE VOTING POWER
Shares _________________________
Beneficially owned 8. SHARED VOTING POWER
74,700 Shares
by Each Reporting _________________________
Person 9. SOLE DISPOSITIVE POWER
With _________________________
l0. SHARED DISPOSITIVE POWER
74,700 Shares
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
74,700 Shares
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
None excluded ( )
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
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14. TYPE OF REPORTING PERSON
IN
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2
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This Amendment No. 1 to Schedule 13D dated October 23, 1998, hereby amends
the following items of the Schedule 13D dated March 6, 1997, filed with respect
to Brice R. Smith, III.
ITEM l. Security and Issuer.
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This Schedule l3D relates to shares of Beneficial Interest, without par
value (the "Shares"), of Pittsburgh & West Virginia Railroad ("PWVR"), a real
estate investment trust organized and existing under the laws of the State of
Pennsylvania. The address of the principal executive offices of PWVR is 2 Port
Amherst Drive, Charleston, WV 25306
ITEM 2. Identity and Background.
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This Schedule 13D is filed by Brice R. Smith, III ("BRS"), a citizen of the
United States of America, whose principal business address is 13801 Riverport
Drive, Suite 301, Maryland Heights, MO 63043. BRS' principal occupation is that
of attorney/investor. During the last five years, BRS has neither been convicted
in a criminal proceeding, nor been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction which resulted in subjecting
BRS 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 3. Source and Amount of Funds or Other Consideration.
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The Shares which are the subject of this amended Schedule l3D filing have
been acquired from time to time using personal funds and funds of affiliates,
with the most recent purchase of 6,000 shares for $45,296.00 occurring on
December 22, 1997. No funds were borrowed for the purpose of acquiring Shares.
ITEM 4. Purpose of Transaction.
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The Amendment of Schedule 13D is being filed to report that due to a sale
of 1,000 shares on October 23, 1998, BRS' beneficial ownership of Shares no
longer exceeds 5% (see Item 5 herein).
ITEM 5. Interest in Securities of the Issuer.
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BRS shared voting and dispositive powers with respect to 74,700 Shares.
BRS' beneficial ownership on October 23, 1998, totalled 74,700 Shares, 4.9% of
the 1,510,000 Shares outstanding.
The following sales were effected during the sixty days ended October 23,
1998.
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Date of Transaction Number of Shares Price per Share
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September 8, 1998 1,000 7.2823
October 14, 1998 400 7.7198
October 14, 1998 600 7.5949
October 23, 1998 1,000 7.8448
All sales were made on the open market.
ITEM 6.
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
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WITH RESPECT TO SECURITIES OF THE ISSUER.
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None
ITEM 7. Material to be Filed as Exhibits
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None.
After reasonable inquiry and to the best of knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, correct and complete.
DATED: October 29, 1998
BRICE R. SMITH, III *
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Brice R. Smith, III
* /S/ H. J. SKELTON
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H. J. Skelton
Attorney-In-Fact
Pursuant to a power-of-attorney
previously filed with the Commission
which power is incorporated herein by
reference.
