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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. 2)
The Standish Care Company
(Name of Issuer)
Series A Cumulative Convertible Preferred Stock
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(Title of Class of Securities)
854272309
(CUSIP Number)
Eric M. Sippel, Esq.
Shartsis Friese & Ginsburg
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
(415) 421-6500
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
June 4, 1996
(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).
SEC 1746 (12-91)
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SCHEDULE 13D
CUSIP No. 854272309 Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Porter Capital Management Co.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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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
California
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 96,000
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
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10 SHARED DISPOSITIVE POWER
96,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,000
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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)
2.8%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
CUSIP No. 854272309 Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey H. Porter
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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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
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 96,000
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
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10 SHARED DISPOSITIVE POWER
96,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,000
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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)
2.8%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
CUSIP No. 854272309 Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Porter Partners, L.P.
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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*
WC
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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
California
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NUMBER OF 7 SOLE VOTING POWER
SHARES 64,000
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 64,000
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,000
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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)
1.9%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
CUSIP No. 854272309 Page 5 of 9 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Convertible Preferred Series A Stock (the
"Stock") of The Standish Care Company, a Delaware corporation ("SCC"). The
principal executive office of SCC is located at 6 New England Executive Park,
Burlington, Massachusetts 01803.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and controlling
persons, and the information regarding them, are as follows:
(a) Porter Capital Management Co., a California general partnership
("PCM"); Jeffrey H. Porter ("Porter"); Jerome Porter ("JP"); Mark K.
Gustafson ("Gustafson"); Porter Partners, L.P., a California limited
partnership ("PP"); and Legion Fund, Ltd., a company incorporated in the
Cayman Islands ("Legion").
(b) The business address of PCM, Porter, JP, Gustafson and PP is 100
Shoreline, Suite 211B, Mill Valley, California 94941. The business address
of Legion is Butterfield House, Fort Street, George Town, Grand Cayman,
Cayman Islands, British West Indies.
(c) Porter, JP and Gustafson are the sole general partners of PCM,
which is an investment adviser. Porter is the Managing General Partner of
PCM; JP is not active in the business of PCM. PCM is the sole general
partner of PP, which is an investment partnership. PCM is an investment
adviser to Legion.
(d) During the last five years, none of such persons has been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of such persons 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.
(f) Porter, JP and Gustafson are citizens of the United States of
America.
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SCHEDULE 13D
CUSIP No. 854272309 Page 6 of 9 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used in purchasing the Stock were as follows:
Purchaser Source of Funds Amount
PP WC $784,000
PCM* AF $150,768
* Represents shares purchased for the account of Legion.
ITEM 4. PURPOSE OF TRANSACTION.
The sole purpose of the acquisitions of the Stock reported herein was and is
for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock of the persons named in Item 2 of this
statement is as follows at the date hereof:
Aggregate
Beneficially
Owned Voting Power Dispositive Power
Name Number Percent Sole Shared Sole Shared
PCM 96,000 2.8% -0- 96,000 -0- 96,000
Porter 96,000 2.8% -0- 96,000 -0- 96,000
JP -0- --- -0- -0- -0- -0-
Gustafson -0- --- -0- -0- -0- -0-
PP 64,000 1.9% 64,000 -0- 64,000 -0-
Legion 32,000 0.9% -0- 32,000 -0- 32,000
The persons filing this statement effected the following transactions in the
Stock on the dates indicated, and such transactions are the only transactions
in the Stock by the persons filing this statement since April 5, 1996.
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SCHEDULE 13D
CUSIP No. 854272309 Page 7 of 9 Pages
Purchase Number Price Broker
Name or Sale Date of Shares Per Share Used
PP S 6/4/96 19,200 3.278 PFTC
Legion S 6/4/96 14,800 3.52 BMUR
PP S 6/5/96 5,200 3.75 BMUR
Legion S 6/5/96 13,700 3.875 MASH
PP S 6/5/96 182,000 3.8911 PFTC
Legion S 6/5/96 7,100 3.8911 PFTC
PFTC - Preferred Technology, Inc.
BMUR - Brean Murray, Foster Securities, Inc.
MASH - Mayer & Schweitzer, Inc.
ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
PCM is a general partner of PP, pursuant to a limited partnership agreement
providing to PCM the authority, among other things, to invest the funds of
PP in the Stock, to vote and dispose of those securities and to file this
statement on behalf of PP. Pursuant to such limited partnership agreement,
the general partner is entitled to fees based on assets under management
and special profit allocations based on realized and unrealized gains and
losses, if certain conditions are met. PCM also acts as an investment
adviser to Legion and, pursuant to an investment management agreement with
Legion, is entitled to fees based on assets under management and special
profit allocations based on realized and unrealized gains and losses, if
certain conditions are met. By agreement among Porter, JP and Gustafson,
Porter is the Managing General Partner of PCM and JP has no power to vote
or dispose of any securities held by PP or any other client of PCM.
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SCHEDULE 13D
CUSIP No. 854272309 Page 8 of 9 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Copy of previously filed Agreement Regarding Joint Filing of Statement
on Schedule 13D or 13G (including power of attorney).
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify
that the information set forth in this statement is true, complete and
correct.
DATED: June 12, 1996
PORTER PARTNERS, L.P.,
A California limited partnership
By Porter Capital Management Co.
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
PORTER CAPITAL MANAGEMENT CO.,
A California general partnership
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
/s/ Jeffrey H. Porter
Jeffrey H. Porter
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SCHEDULE 13D
CUSIP No. 854272309 Page 9 of 9 Pages
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange
Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G
(and any amendments or supplements thereto) required under section 13(d) of
the Securities Exchange Act of 1934, as amended, in connection with purchases
by the undersigned of securities of The Standish Care Company. For that
purpose, the undersigned hereby constitute and appoint Porter Capital
Management Co., a California general partnership, as their true and lawful
agent and attorney-in-fact, with full power and authority for and on behalf
of the undersigned to prepare or cause to be prepared, sign, file with the
SEC and furnish to any other person all certificates, instruments, agreements
and documents necessary to comply with section 13(d) and section 16(a) of the
Securities Exchange Act of 1934, as amended, in connection with said
purchases, and to do and perform every act necessary and proper to be done
incident to the exercise of the foregoing power, as fully as the undersigned
might or could do if personally present.
DATED: January 13, 1994
PORTER PARTNERS, L.P.,
A California limited partnership
By Porter Capital Management Co.
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
PORTER CAPITAL MANAGEMENT CO.,
A California general partnership
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
/s/ Jeffrey H. Porter
Jeffrey H. Porter
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