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- ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 4 Washington, D.C. 20549 OMB Approval
- ------------------------- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ------------------------------
[X] Check this box if no OMB Number: 3235-0287
longer subject to Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Expires: December 31, 2001
Section 16. Form 4 Section 17(a) of the Public Utility Holding Company Act of 1935 or Estimated average burden
or Form 5 obligations Section 30(f) of the Investment Company Act of 1940 hours per response.......0.5
may continue. See ------------------------------
Instruction 1(b).
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(Print or Type Responses)
<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker 4. Statement for 6. Relationship of Reporting Person(s)
or Trading Symbol Month/Year to Issuer
(Check all applicable)
Westbrook Real Estate Berkshire Realty Company,
Partners Management II, L.L.C. Inc. - BRI 10/1999 [ ] Director [ ] 10% Owner
------------------------------------ [ ] Officer (give [X] Other
(Last) (First) (Middle) title below) (specify below)
Former 10% Owner(1)(2)
599 Lexington Avenue, Suite 3800 ---------------------------------------
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(Street) 3. I.R.S. Identification 5. If Amendment, 7. Individual or Joint/Group Filing
Number of Reporting Date of (Check Applicable Line)
Person, if an entity Original [X] Form Filed by One Reporting Person
New York NY 10022 (Voluntary) (Month/Year) [ ] Form Filed by More than One
------------------------------------ Reporting Person
(City) (State) (Zip)
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action Code (Instr. or Disposed of (D) Securities Form: Indirect
Date 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
(Month/ Owned at End or Indirect Ownership
Day/ of Month (I) (Instr. 4)
Year) (Instr. 3 (Instr. 4)
and 4)
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Code V Amount (A) or (D) Price
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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FORM 4 (continued)
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TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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1. Title 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title 8. Price 9. Number 10. Owner- 11. Nature of
of sion or action action Derivative Exer- and of of ship Indirect
Deri- Exercise Date Code Securities cisable Amount Deri- Deri- Form Beneficial
vative Price of (Instr. Acquired (A) and Expi- of vative vative of Deri- Ownership
Secu- Deri- (Month/ 8) or Disposed ration Under- Secu- Secu- vative (Instr. 4)
rity vative Day/ of (D) Date lying rity rities Security:
(Instr. Security Year) (Instr. 3, (Month/ Securi- (Instr. Benefi- Direct
3) 4, and 5) Day/ ties 5) cially (D) or
Year) (Instr. Owned Indirect
3 and 4) at End (I)
of (Instr.
Month 4)
(Instr.
4)
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Code V (A) (D) Date Expir- Title Amount
Exerci- ation or
sable Date Number
of
Shares
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Series A 10/15/99 S(3) 2,737,000 Common (3) 0 I(1) (1)(4)
Convertible Stock
Preferred
Stock
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Common 5/13/99 A(5) V 3,000 5/13/00 5/13/09 Common 3,000 (5) I(1) (1)(6)
Stock Stock
Purchase
Options
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Common 10/15/99 D(5) 8,000 Common (5) 0 I(1) (1)(6)
Stock Stock
Purchase
Options
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Explanation of Responses: See Attachment A.
WESTBROOK REAL ESTATE PARTNERS
** Intentional misstatements or omissions of MANAGEMENT II, L.L.C.
facts constitute Federal Criminal Violations. December 2, 1999
See 18 U.S.C. and 15 U.S.C. 78ff(a). By: /S/ Patrick K. Fox
---------------------------------- --------------------------------
Name: Patrick K. Fox Date
Title: Attorney-in-Fact
Note: File three copies of this Form, one of
which must be manually signed. If space By:---------------------------------
is insufficient, see Instruction 6 for ** Signature of Reporting Person
procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless form
displays a currently valid OMB number.
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FORM 4 (CONTINUED)
NAME AND ADDRESS OF REPORTING PERSON: Westbrook Real Estate Partners
Management II, L.L.C.
599 Lexington Avenue, Suite 3800
New York, New York 10022
STATEMENT FOR MONTH/YEAR: 10/99
ISSUER NAME AND TICKER SYMBOL: Berkshire Realty Company, Inc. -- BRI
Attachment A
(1) Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of
1934, as amended (the "Act"), the Reporting Person disclaims beneficial
ownership of all securities reported on this statement.
(2) As described in footnotes (3) and (5) below, affiliates of the Reporting
Person and an unaffiliated party disposed of all securities reported on this
statement on October 15, 1999. Furthermore, as the result of related
transactions on such date, the Issuer ceased to have any class of equity
securities registered pursuant to Section 12 of the Act.
(3) On October 15, 1999, Westbrook Berkshire Holdings, L.L.C. ("Holdings"),
Westbrook Berkshire Co-Holdings, L.L.C. ("Co-Holdings") and an unaffiliated
party disposed of all of the Series A Convertible Preferred Stock reported on
this statement (the "Preferred Stock") by surrendering such Preferred Stock to
the Issuer and receiving $28.75 per share of Preferred Stock, plus accrued
dividends and the premium thereon.
(4) Formerly owned of record by Holdings and Co-Holdings, affiliates of the
Reporting Person, and an unaffiliated party.
(5) The options reported on this statement (the "Kazilionis Options") had been
granted to Paul D. Kazilionis ("Kazilionis"), as director of the Issuer. On
October 15, 1999, Kazilionis sold all of the Kazilionis Options to the Issuer
for an aggregate price of $8,687.50.
(6) The Reporting Person may have been deemed to have a beneficial interest in
the Kazilionis Options pursuant to an agreement among Kazilionis, the Reporting
Person and certain other affiliates of the Reporting Person.
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