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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
American Income Partners III-D Limited Partnership, a Massachusetts
Limited Partnership
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(Name of Issuer)
Units representing Limited Partnership Interests
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(Title of Class of Securities)
None
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(CUSIP Number)
Gary D. Engle, President, AAL, Inc.
98 North Washington Street, Boston, Massachusetts 02114
(617) 854-5800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 30, 1996
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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 [_].
Check the following box if a fee is being paid with the statement [_]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less -of such class.)
(See Rule 13d-7.)
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).
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SCHEDULE 13D
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CUSIP No. None Page 2 of 4 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Atlantic Acquisition Limited Partnership
I.R.S. I.D. No. 04-3281675
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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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 ITEMS 2(d) or 2(e) [_]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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NUMBER OF 7. SOLE VOTING POWER
SHARES None
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BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY None
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EACH 9. SOLE DISPOSITIVE POWER
REPORTING None
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PERSON 10. SHARED DISPOSITIVE POWER
WITH None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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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)
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14. TYPE OF REPORTING PERSON
PN
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SCHEDULE 13D
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CUSIP No. None Page 3 of 4 Pages
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Item 1. Security and Issuer
This Statement relates to units (the "Units") representing limited
partnership interests of American Income Partners III-D, A Massachusetts
Limited Partnership, a Massachusetts limited partnership (the "Partnership"),
which has its principal executive offices at 98 North Washington Street,
Boston, Massachusetts 02114.
Item 2. Identity and Background
The person filing this Statement is Atlantic Acquisition Limited Partnership,
a Massachusetts limited partnership ("Atlantic"). Atlantic was formed to
acquire and hold the Units owned by it. The general partner of Atlantic is
AAL, Inc. ("AAL"), a Massachusetts corporation whose sole activity is acting
as the general partner of Atlantic. The executive officers and directors of
Atlantic are Gary D. Engle and James A. Coyne, both of whom are U.S.
citizens. Mr. Engle is the President of the Executive Committee of Equis
Financial Group ("Equis"), and Mr. Coyne is Vice President of the Executive
Committee of Equis. Mr. Engle also controls AAL. Equis is a Massachusetts
general partnership engaged in the business of negotiating, arranging and
managing the leasing, re-leasing, financing, refinancing and selling of
equipment on lease to major corporations. The business address of each of
Atlantic, AAL, Mr. Engle, Mr. Coyne and Equis is 98 North Washington Street,
Boston, Massachusetts 02114.
During the last five years, neither Atlantic nor, to the best of Atlantic's
knowledge, any of the other persons named in this Item 2 (i) has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) was 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 3. Source and Amount of Funds or Other Consideration
Not applicable.
Item 4. Purpose of Transaction
Not applicable.
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SCHEDULE 13D
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CUSIP No. None Page 4 of 4 Pages
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Item 5. Interest in Securities of the Issuer
Atlantic disposed of all 37,924 Units owned by it on September 30, 1996,
transferring them to Equis. No other person named in Item 2 owns any Units.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Not applicable.
Item 7. Material to Be Filed as Exhibits
Not applicable.
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.
ATLANTIC ACQUISITION LIMITED
October 7, 1996 PARTNERSHIP
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Date
By: AAL, Inc., its general partner
By: /s/ Gary D. Engle
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Name: Gary D. Engle
Title: President
