<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 6)*
DeVlieg-Bullard, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
251782 10 8
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(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
(Continued on following(s))
Page 1 of 5 Pages
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CUSIP NO. 251782 10 8 13G/A PAGE 2 OF 5 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanwich Oil & Gas, Inc.
F.E.I. No. 74-1946543
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) SOLE VOTING POWER
NUMBER OF 1,754,887
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY N/A
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 1,754,887
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(8) SHARED DISPOSITIVE POWER
N/A
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,754,887
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.3%
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(12) TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 5 Pages
SCHEDULE 13G/A
Description
Item 1(a). Name of Issuer: DeVlieg-Bullard, Inc.
Item 1(b). Address of Issuer's One Gorham Island
Principal Executive Westport, Connecticut 06880
Offices:
Item 2(a). Name of Person Filing: Stanwich Oil & Gas, Inc.
("Stanwich")
Item 2(b). Address of Principal c/o Stanwich Partners, Inc.
Business Office: One Stamford Landing
62 Southfield Avenue
Stamford, Connecticut 06902
Item 2(c). Citizenship: Delaware, United States
Item 2(d). Title of Class Common stock ("Common Stock")
of Securities:
Item 2(e). CUSIP Number: 251782 10 8
Item 3. This statement is not filed pursuant to either Rule 13d-1(b)
or Rule 13d-2(b). Stanwich is filing on this form because it was
the owner of all the shares reported herein prior to and at the
time of the issuer's initial public offering of its common stock
in March 1990, at which time the issuer first became subject to
the filing requirements under the Act.
Item 4. Ownership:
This Schedule 13G/A is filed to reflect ownership as a
percentage of total number of outstanding shares as of December
31, 1997.
<TABLE>
<CAPTION>
Total Shares
of Common Stock Percent Sole Shared Sole Shared
Beneficially of Voting Voting Power to Power to
Owned(1) Class(2) Power Power Dispose Dispose
- -------------------- ----------- --------------- -------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
1,754,887(3) 14.3% 1,754,887 N/A 1,754,887 N/A
</TABLE>
- -------------------
(1) Within the meaning of Rule 13d-3, as amended.
(2) As computed pursuant to Rule 13d-3(d)(1)(i).
(3) All of these shares are owned by Stanwich and none of which is there a
right to acquire.
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Page 4 of 5 Pages
The events giving rise to the requirement to file this Amendment No. 6
were the following:
(a) On May 27, 1997 Stanwich transferred 109,819 shares of the
issuer's Common Stock to a former affiliate of Stanwich. In exchange
for such shares, such former affiliate transferred to Stanwich certain
securities of, and claims against, certain privately held corporations,
which securities and claims are believed to have had, on the date of
transfer, a fair value approximately equal to the fair value of the
transferred shares. The closing price per share of the issuer's Common
Stock on the date of transfer was $2.9375.
(b) On October 29, 1997 Stanwich sold an aggregate of
2,576,294 shares of the issuer's Common Stock at a price of $5.00 per
share to the following transferees:
<TABLE>
<CAPTION>
Name of Transferee No. of Shares
------------------ -------------
<S> <C>
Charles E. Bradley 1,646,100
John G. Poole 473,069
Stanwich Financial Services Corp. 150,000
Stanwich Investment Company 307,125
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Total 2,576,294
</TABLE>
Mr. Bradley is the Chairman of the issuer's Board of
Directors, and he is an officer, director and stockholder of Stanwich Financial
Services Corp. and Stanwich Investment Company. Mr. Poole is a director of the
issuer and a stockholder of Stanwich Financial Services Corp.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable. Stanwich points out, however, that Charles
E. Bradley and John G. Poole, who are directors of the issuer,
are also stockholders and officers of Stanwich. Mr. Bradley is
also a director of Stanwich. Messrs. Bradley and Poole
beneficially own certain shares of the issuer's Common Stock, as
set forth in Form 4s and Schedule 13Ds filed by them with the
Securities and Exchange Commission.
Item 9. Notice of Dissolution of Group:
Not applicable.
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Page 5 of 5 Pages
Item 10. Certification:
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 as of this 9th day of February, 1998.
STANWICH OIL & GAS, INC.
By: /s/ John G. Poole
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John G. Poole
Vice President
