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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 3
BOSTON CELTICS LIMITED PARTNERSHIP II
(formerly known as "Boston Celtics Limited Partnership")
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(Name of Issuer)
Limited Partnership Units
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(Title of Class of Securities)
100576107
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(CUSIP number)
Paul E. Gaston
33 East 63rd Street
New York, NY 10021
(212) 644-3800
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(Name, address and telephone number of person
authorized to receive notices and communications)
June 30, 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 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 [ ].
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
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 6 Pages)
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CUSIP NO. 100576107 13D/A PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DRAYCOTT, INC.
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0%
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14 TYPE OF REPORTING PERSON*
CO
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(Page 2 of 6 Pages)
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CUSIP NO. 100576107 13D/A PAGE 3 OF 6 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
WALCOTT PARTNERS, L.P.
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0%
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14 TYPE OF REPORTING PERSON*
PN
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(Page 3 of 6 Pages)
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CUSIP NO. 100576107 13D/A PAGE 4 OF 6 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAUL E. GASTON
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0%
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14 TYPE OF REPORTING PERSON*
IN
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(Page 4 of 6 Pages)
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This amendment is being filed by Walcott Partners, L.P. ("Walcott"),
Draycott, Inc. ("Draycott"), Walcott's general partner, and Paul E. Gaston,
Draycott's sole shareholder and officer, in connection with the reorganization
(the "Reorganization") of Boston Celtics Limited Partnership II (formerly known
as "Boston Celtics Limited Partnership") ("BCLP II"). The Reorganization, which
was consummated on June 30, 1998, is described in a Registration Statement on
Form S-4 (the "Registration Statement") of BCLP II, Boston Celtics Limited
Partnership (formerly known as "Boston Celtics Limited Partnership II") ("BCLP")
and Castle Creek Partners, L.P. ("Castle Creek") (File No. 333-50367), as
amended.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of Schedule 13D is hereby amended by adding the information set
forth below to the information previously disclosed therein.
In connection with the Reorganization, Walcott received Castle Creek
Interests (as defined in the Registration Statement) with respect to all but 100
BCLP II Units beneficially owned by it. Pursuant to the terms of the
Reorganization, each BCLP II Unit with respect to which Castle Creek Interests
were distributed in the Reorganization was canceled as of June 30, 1998. The
remaining 100 BCLP II Units beneficially owned by Walcott were converted into
100 BCLP Units, and Walcott received $2,000 principal amount of BCLP II's 6%
Subordinated Debentures due 2038 and $100 in cash in consideration of such BCLP
II Units, all pursuant to the terms of the Reorganization.
Except as set forth above and elsewhere in this Schedule 13D/A,
Draycott, Walcott and Paul E. Gaston have no present plans or intentions that
relate to or would result in any of the transactions described in clauses (a)
through (j) of Item 4 of Schedule 13D. Draycott's, Walcott's and Paul E.
Gaston's intentions with respect to BCLP II and BCLP II's securities are subject
to change, and each retains its right to modify its plans with respect to the
transactions described in this Item 4, to acquire or dispose of securities of
BCLP II and to formulate plans and proposals that could result in the occurrence
of any such events.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of Schedule 13D is hereby amended and restated as follows.
(a) As a result of the Reorganization, Walcott, Draycott and Paul E.
Gaston own no BCLP II Units.
(b) As a result of the Reorganization, Walcott, Draycott and Paul E.
Gaston have sole or shared voting or dispositive power over no BCLP II Units.
(c) Other than the cancellation and conversion of BCLP II Units in
connection with the Reorganization described herein, neither Paul E. Gaston,
Draycott nor Walcott has effected any transaction involving BCLP II Units since
June 10, 1998, the date of their most recent filing on Schedule 13D.
(d) None
(e) On June 30, 1998, each of Paul E. Gaston, Walcott and Draycott
ceased to beneficially own more than 5% of the BCLP II Units.
(Page 5 of 6 Pages)
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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: July 2, 1998
/s/ Paul E. Gaston
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Name: Paul E. Gaston
WALCOTT PARTNERS, L.P.
By: Draycott, Inc.
Its: General Partner
/s/ Paul E. Gaston
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By: Paul E. Gaston
Its: President
DRAYCOTT, INC.
/s/ Paul E. Gaston
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By: Paul E. Gaston
Its: President
(Page 6 of 6 Pages)
