<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
POCAHONTAS BANCORP, INC.
------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01
------------------------------------------------------
(Title of Class of Securities)
730234101
------------------------------------------------------
(CUSIP Number)
THOMAS L. SEIFERT, ESQ.
515 MADISON AVENUE, SUITE 2600, NEW YORK, NY 10022
212-310-0543
------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
SEPTEMBER 19, 2000
------------------------------------------------------
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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 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 this Act (however, see the Notes).
<PAGE> 2
CUSIP NO. 730234101 Page 2 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Drake Associates L.P.
13-3476514
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 55,000
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 55,000
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 55,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 1.05%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 3
CUSIP NO. 730234101 Page 3 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anglo American Security Fund L.P.
13-3316427
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 3,400
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 3,400
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 3,400
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.06%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 4
CUSIP NO. 730234101 Page 4 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aviation Services, L.P.
11-3182441
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
Illinois
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
2,500
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 2,500
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 2,500
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.05%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 5
CUSIP NO. 730234101 Page 5 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Diversified Long Term Growth Fund L.P.
13-3470412
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
6,600
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 6,600
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,600
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 6
CUSIP NO. 730234101 Page 6 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Global Strategic Investment Holdings, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 British Virgin
Islands
--------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER -0-
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON -0-
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.00%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 7
CUSIP NO. 730234101 Page 7 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.S. Grace, Jr. L.P.
13-3355102
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 7,500
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 7,500
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 7,500
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.14%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 8
CUSIP NO. 730234101 Page 8 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lorraine Marie Grace L.P.
58-2223817
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 7,500
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 7,500
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 7,500
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.14%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 9
CUSIP NO. 730234101 Page 9 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sterling Grace Capital Management, L.P.
13-3354180
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 10,000
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 10,000
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 10,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.19%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 10
CUSIP NO. 730234101 Page 10 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Victoria Alice Grace L.P.
58-2223806
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 7,500
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 7,500
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 7,500
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.14%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 11
CUSIP NO. 730234101 Page 11 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of Trust # 1487 FBO Lorraine G. Grace
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER -0-
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON -0-
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.00%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 12
CUSIP NO. 730234101 Page 12 of 27 Pages
-------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of Trust #1550 FBO Oliver R. Grace, Jr.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER 22,000
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 22,000
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 22,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.42%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* 00
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 13
CUSIP NO. 730234101 Page 13 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FS (1994) L.P.
11-3239125
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 2,926
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 2,926
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 2,926
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.06%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 14
CUSIP NO. 730234101 Page 14 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OBX, Inc.
11-3089277
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
7,500
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 7,500
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 7,500
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.14%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 15
CUSIP NO. 730234101 Page 15 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of the Anne Grace Kelly Trust 99
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
6,900
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 6,900
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 16
CUSIP NO. 730234101 Page 16 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of the Gwendolyn Grace Trust 99
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
6,900
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 6,900
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 17
CUSIP NO. 730234101 Page 17 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of the Helen Grace Spenser Trust 99
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
6,900
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 6,900
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 18
CUSIP NO. 730234101 Page 18 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
Of the John S. Grace Trust 99
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER 6,900
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 6,900
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* oo
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 19
CUSIP NO. 730234101 Page 19 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of the Lorraine L. Grace Trust 99
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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 Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER 6,900
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER 6,900
PERSON WITH
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON* OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 20
CUSIP NO. 730234101 Page 20 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of the Oliver R. Grace, Jr. Trust 99
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
6,900
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 6,900
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 21
CUSIP NO. 730234101 Page 21 of 27 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Butterfield Trust (Bermuda) Limited as Trustee
of the Ruth Grace Jervis Trust 99
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. S.E.C. 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
Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
6,900
NUMBER OF -------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 6,900
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 6,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0.13%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE> 22
CUSIP NO. 730234101 Page 22 of 27 Pages
This filing is Amendment Number 2 to the Schedule 13D filed on June 22,
1998, which is incorporated herein by reference. Amendment Number 1 was filed on
April 30, 1999 and is incorporated herein by reference.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 is hereby amended to include the following:
(e) Global Strategic Investment Holdings, Inc. ("Global") sold all of
its shares in the Issuer.
(j) Butterfield Trust (Bermuda) Limited ("Butterfield") is filing this
statement as the trustee of trusts for the benefit of Anne Grace Kelly,
Gwendolyn Grace, Helen Grace Spencer, John S. Grace, Lorraine G. Grace, Lorraine
L. Grace, Oliver R. Grace, Jr., and Ruth Grace Jervis. Butterfield is a Bermuda
Trust Corporation with its principal business address at Rosebank Centre, 11
Bermudiana Road, Pembroke, Bermuda.
Peter C. Scull, a British citizen and a resident of Bermuda, is a Vice
President of Butterfield. Peter C. Scull's principal business address is c/o
Butterfield Trust (Bermuda) Limited, Rosebank Centre, 11 Bermudiana Road,
Pembroke, Bermuda.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended to include the following:
On October 21, 1999, certain assets beneficially owned by Butterfield
Trust # 1487 FBO Lorraine G. Grace, including without limitation the 145,367
shares of Issuer reported in Registrants' Schedule 13D Amendment Number 1,
representing Trust # 1487's entire holding in the shares of the Issuer, were
distributed equally to seven new trusts of which Butterfield is also trustee.
These seven new trusts are styled as follows:
a. Butterfield Trust (Bermuda) Limited as Trustee of the Anne Grace Kelly
Trust 99,
b. Butterfield Trust (Bermuda) Limited as Trustee of the Gwendolyn Grace
Trust 99,
c. Butterfield Trust (Bermuda) Limited as Trustee of the Helen Grace
Spenser Trust 99,
d. Butterfield Trust (Bermuda) Limited as Trustee of the John S. Grace
Trust 99,
e. Butterfield Trust (Bermuda) Limited as Trustee of the Lorraine L.
Grace Trust 99,
<PAGE> 23
CUSIP NO. 730234101 Page 23 of 27 Pages
f. Butterfield Trust (Bermuda) Limited as Trustee of the Oliver R. Grace,
Jr. Trust 99, and
g. Butterfield Trust (Bermuda) Limited as Trustee of the Ruth Grace
Jervis Trust 99.
Lorraine G. Grace is the mother of Gwendolyn Grace, John S. Grace and
Oliver R. Grace, Jr., and the step-mother of Anne Grace Kelly, Helen Grace
Spencer, Lorraine L. Grace and Ruth Grace Jervis.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended as follows:
According to Issuer's Form 10-Q for the period ended June 30, 2000,
Issuer had 5,244,757 shares issued and outstanding on June 30, 2000.
(a) The Registrants beneficially own an aggregate of 190,724 shares,
representing approximately 3.64% of the shares issued and outstanding. Reference
is made to the second cover pages attached hereto for the number of shares
beneficially owned by each of the Registrants.
(b) The Registrants have the sole power to vote or to direct the vote
and sole power to dispose or to direct to dispose 190,724 shares indicated in
Item 5(a). Reference is made to each of the second cover pages for the number of
shares in respect of each Registrant.
(c) Within the past 60 days Registrants have sold shares in the amounts
and at the per share prices set forth on the table below. All of such
transactions took place in the open market.
<PAGE> 24
CUSIP NO. 730234101 Page 24 of 27 Pages
<TABLE>
<CAPTION>
Amount of Price
Shares Per Aggregate
Seller Date Sold Share Price
--------------------- -------- --------- -------- ---------
<S> <C> <C> <C> <C>
Anglo 09/19/00 6,600 $ 7.97 $ 52,594
Aviation 09/19/00 5,000 $ 7.97 $ 39,844
Diversified 09/19/00 13,400 $ 7.97 $106,781
Drake 09/19/00 110,612 $ 7.97 $881,439
FSLP 09/19/00 4,074 $ 7.97 $ 32,465
Global 09/07/00 10,000 $ 7.75 $ 77,497
09/11/00 5,000 $ 7.75 $ 38,749
09/12/00 10,000 $ 7.75 $ 77,497
Butterfield Trusts
# 1550 09/19/00 43,245 $ 7.97 $344,609
FBO A.G. Kelly 09/19/00 13,867 $ 7.97 $110,503
FBO G. Grace 09/19/00 13,867 $ 7.97 $110,513
FBO H.G. Spencer 09/19/00 13,867 $ 7.97 $110,513
FBO J.S. Grace 09/19/00 13,867 $ 7.97 $110,513
FBO L.L. Grace 09/19/00 13,867 $ 7.97 $110,513
FBO O.R. Grace, Jr 09/19/00 13,867 $ 7.97 $110,513
FBO R.G. Jervis 09/19/00 13,867 $ 7.97 $110,513
</TABLE>
(e) As a result of the transactions reported in Item 5(c) above,
Registrants ceased to be the beneficial owners of shares of common stock of
Issuer equal, in the aggregate, to five percent of the total number issued and
outstanding on September 19, 2000.
<PAGE> 25
CUSIP NO. 730234101 Page 25 of 27 Pages
SIGNATURES
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: Sept. 22, 2000 DRAKE ASSOCIATES, L.P.
By: /S/ JOHN S. GRACE
------------------------------------
Name: John S. Grace
Title: Chairman, Associated Asset
Management, Inc., its
General Partner
Dated: Sept. 22, 2000 ANGLO AMERICAN SECURITY FUND L.P.
By: /S/ JOHN S. GRACE
------------------------------------
Name: John S. Grace
Title: General Partner
Dated: Sept. 22, 2000 AVIATION SERVICES, L.P.
By: /S/ LOLA N. GRACE
------------------------------------
Name: Lola N. Grace
Title: General Partner
Dated: Sept. 22, 2000 DIVERSIFIED LONG TERM GROWTH FUND L.P.
By: /S/ JOHN S. GRACE
------------------------------------
Name: John S. Grace
Title: Chairman, Associated Asset
Management, Inc., its
General Partner
<PAGE> 26
CUSIP No. 730234101 Page 26 of 27 Pages
Dated: Sept. 22, 2000 GLOBAL STRATEGIC INVESTMENT HOLDINGS,
INC.
By: /S/ KEN MORGAN
------------------------------------
Name: Ken Morgan
Title: Executive Officer of
Woodbourne Corporation (BVI)
Ltd., its Director
Dated: Sept. 22, 2000 J. S. GRACE, JR. L.P.
By: /S/ JOHN S. GRACE
------------------------------------
Name: John S. Grace
Title: President, John S. Grace, Jr.,
Inc., its General Partner
Dated: Sept. 22, 2000 LORRAINE MARIE GRACE L.P.
By: /S/ JOHN S. GRACE
------------------------------------
Name: John S. Grace
Title: President, Lorraine Marie
Grace, Inc., its General
Partner
Dated: Sept. 22, 2000 STERLING GRACE CAPITAL MANAGEMENT, L.P.
By: /S/ JOHN S. GRACE
------------------------------------
Name: John S. Grace
Title: President, Sterling Grace
Corp., its General Partner
Dated: Sept. 22, 2000 VICTORIA ALICE GRACE, L.P.
By: /S/ JOHN S. GRACE
------------------------------------
Name: John S. Grace
Title: President, Victoria Alice
Grace, Inc., its General
Partner
<PAGE> 27
CUSIP No. 730234101 Page 27 of 27 Pages
Dated: Sept. 22, 2000 BUTTERFIELD TRUST (BERMUDA) LIMITED
AS TRUSTEE OF THE FOLLOWING TRUSTS:
- TRUST # 1487 FBO LORRAINE G. GRACE
- TRUST # 1550 FBO OLIVER R. GRACE, JR.,
- THE ANNE GRACE KELLY TRUST 99,
- THE GWENDOLYN GRACE TRUST 99,
- THE HELEN GRACE SPENCER TRUST 99,
- THE JOHN S. GRACE TRUST 99,
- THE LORRAINE L. GRACE TRUST 99,
- THE OLIVER R. GRACE, JR. TRUST 99,
- THE RUTH GRACE JERVIS TRUST 99
By: /S/ PETER C. SCULL
------------------------------------
Name: Peter C. Scull
Title: Vice President
Dated: Sept. 22, 2000 FS (1994) L.P.
By: /S/ OLIVER R. GRACE, JR.
------------------------------------
Name: Oliver R. Grace, Jr.
Title: President, Frank's Sports
Corp., its General Partner
Dated: Sept. 22, 2000 OBX, INC.
By: /S/ OLIVER R. GRACE, JR.
------------------------------------
Name: Oliver R. Grace, Jr.
Title: President
