<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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PUTNAM INVESTMENT GRADE INTERMEDIATE MUNICIPAL TRUST
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
746803-10-5
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(CUSIP Number)
James E. Beckwith, Esq.
Lowenthal, Landau, Fischer & Bring, P.C.
250 Park Avenue, 10th Floor, New York, NY 10177
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 19, 1995
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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 this statement /x/. (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).
(Continued on following page(s))
Page 1 of Pages
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CUSIP No. 746803-10-5 13D Page of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Rockwood Partners, L.P.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
PF
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(5) Check 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
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 172,400
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power None
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(9) Sole Dispositive
Power 172,400
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(10) Shared Dispositive
Power None
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
172,400
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
5.25
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(14) Type of Reporting Person*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 746803-10-5 13D Page of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Rockwood Asset Management, Inc.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
AF
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(5) Check 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
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 172,400
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power None
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(9) Sole Dispositive
Power 172,400
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(10) Shared Dispositive
Power None
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
172,400
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
5.25
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(14) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 746803-10-5 13D Page of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Mr. Jay Buck
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
AF
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) /x/
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(6) Citizenship or Place of Organization
USA
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Number of Shares (7) Sole Voting
Beneficially Owned Power 172,400
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power None
--------------------------------------------------
(9) Sole Dispositive
Power 172,400
--------------------------------------------------
(10) Shared Dispositive
Power None
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
172,400
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.25
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1. SECURITY AND ISSUER.
This Statement relates to the shares of Common Stock (the "Shares"),
of Putnam Investment Grade Intermediate Municipal Trust (the "Company"). The
address of the Company's principal executive office is One Post Office Square,
Boston, MA 02109.
Item 2. IDENTITY AND BACKGROUND.
The name of the persons filing this Statement are Rockwood Partners,
L.P. (the "Partnership"), Rockwood Asset Management, Inc. (the "General
Partner") and Jay Buck ("Mr. Buck", Mr. Buck, the Partnership and the General
Partner are collectively referred to as the "Filing Entities").
The Partnership is a Delaware Limited Partnership. The General Partner
is a Delaware corporation. The Partnership is an investment trading partnership
formed to invest in stock and mutual funds. The General Partner has no business
other than as General Partner of the Partnership. The Partnership and the
General Partner have their principal place of businesses and their respective
principal offices at 231 Central Avenue, White Plains, NY 10606. Neither the
Partnership nor the General Partner has been during the last five years
convicted in a criminal proceeding. Neither the Partnership nor the General
Partner has been during the last five years a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction.
Mr. Buck's business address and principal office is 231 Central
Avenue, White Plains, NY 10606. Mr. Buck is the President of the General
Partner. Mr. Buck handles the investments of the Partnership. During the last
five years, Mr. Buck has not been convicted in any criminal proceeding. During
the last five years,
<PAGE>
Mr. Buck was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction.
In 1992 Mr. Buck was the subject of a regulatory investigation by the
New York Stock Exchange and the Securities and Exchange Commission. The inquiry
pertained to the satisfaction of ERISA requirements in the distribution of a
securities offering. There was no personal benefit in the situation to Mr. Buck.
Without admitting any wrongdoing, Mr. Buck settled the matter.
Mr. Buck is a United States citizen.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The entire purchase price was obtained through working capital of the
Partnership. The Partnership used the funds invested by the Partners to purchase
the Shares as specified in Schedule 5(c) hereto.
Item 4. PURPOSES OF TRANSACTION.
The purpose of the acquisitions by the Partnership of the Shares was
for investment only. The Partnership may acquire additional Shares or other
securities of the Company, in privately negotiated or open market transactions,
on such terms and at such times as it considers desirable. Other than as
described herein, neither the Partnership, the General Partner nor Mr. Buck has
any plans or proposals which would relate to or result in:
(a) The acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company;
(b) An extraordinary corporate transactions, such as a merger,
reorganization or liquidation, involving the Company or any of
its subsidiaries;
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(c) A sale or transfer of a material amount of assets of the Company
or any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or
terms of directors or to fill any existing vacancies on the
board;
( e) Any material change in the present capitalization or dividend
policy of the Company;
(f) Any other material change in the Company's business or corporate
structure;
(g) Changes in the Company's charter, by-laws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person;
(h) Causing a class of securities of the Company to be delisted from
a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
(i) A class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934, as amended (the "Act"); or
(j) Any action similar to any of those enumerated above.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) The aggregate number and percentage of the class of
outstanding Shares beneficially owned by the Partnership as of June 19, 1995 is
172,400 Shares and 5.25% respectively. Neither the General Partner nor Mr. Buck
own any other shares other than those attributed to them as beneficial owners of
the stock of the Partnership.
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(c) All Shares were purchased on the open market by the
Partnership (a list of the transactions is attached hereto as Schedule 5(c)).
See Item 3, which is incorporated herein by reference.
(d) Not applicable.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None of the Filing Entities is a party to any contract, arrangement,
87548.1 understanding or relationship (legal or otherwise) with any person with
respect to the securities of the Company, including but not limited to transfer
or voting of any of the securities, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of profits, divisions of profits
or loss or the giving or withholding of proxies.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
<PAGE>
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.
ROCKWOOD PARTNERS, L.P.
BY: ROCKWOOD ASSET MANAGEMENT, INC.
By:
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Name: Jay Buck
Title: President
ROCKWOOD ASSET MANAGEMENT, INC.
By:
----------------------------------
Name: Jay Buck
Title: President
By:
----------------------------------
Jay Buck, individually
<PAGE>
<TABLE>
<CAPTION>
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ROCKWOOD PARTNERS
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How Transaction
Name Date No. of Shares Price per Share Effected
--- ---- ------------- --------------- --------
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<S> <C> <C> <C> <C>
Rockwood Partners, L.P. 04/20/95 (1,200) ($13.10)* Open Market
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Rockwood Partners, L.P. 04/27/95 3,000 12.90 Open Market
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Rockwood Partners, L.P. 04/27/95 (500) (13.08)* Open Market
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Rockwood Partners, L.P. 05/10/95 10,000 13.01 Open Market
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Rockwood Partners, L.P. 05/10/95 300 12.94 Open Market
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Rockwood Partners, L.P. 05/11/95 2,500 12.90 Open Market
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Rockwood Partners, L.P. 05/12/95 7,100 12.89 Open Market
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Rockwood Partners, L.P. 05/15/95 1,000 12.91 Open Market
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Rockwood Partners, L.P. 05/16/95 25,600 13.02 Open Market
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Rockwood Partners, L.P. 05/17/95 1,100 13.03 Open Market
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Rockwood Partners, L.P. 05/18/95 1,000 13.03 Open Market
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Rockwood Partners, L.P. 05/19/95 800 13.04 Open Market
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Rockwood Partners, L.P. 05/22/95 51,000 13.01 Open Market
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Rockwood Partners, L.P. 05/23/95 4,800 13.02 Open Market
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Rockwood Partners, L.P. 05/24/95 800 13.04 Open Market
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Rockwood Partners, L.P. 05/25/95 1,000 13.03 Open Market
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Rockwood Partners, L.P. 05/26/95 1,300 13.03 Open Market
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Rockwood Partners, L.P. 05/30/95 500 13.05 Open Market
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Rockwood Partners, L.P. 05/30/95 15,000 13.13 Open Market
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Rockwood Partners, L.P. 06/02/95 (300) (13.35)* Open Market
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Rockwood Partners, L.P. 06/02/05 (2,700) (13.35) Open Market
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Rockwood Partners, L.P. 06/05/95 1,700 13.40 Open Market
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Rockwood Partners, L.P. 06/06/95 2,400 13.40 Open Market
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Rockwood Partners, L.P. 06/07/95 5,200 13.39 Open Market
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Rockwood Partners, L.P. 06/08/95 1,600 13.40 Open Market
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Rockwood Partners, L.P. 06/09/95 1,000 13.41 Open Market
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<FN>
* Sale of Shares (Page 1 of 2)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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ROCKWOOD PARTNERS
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How Transaction
Name Date No. of Shares Price per Share Effected
--- ---- ------------- --------------- --------
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<S> <C> <C> <C> <C>
Rockwood Partners, L.P. 06/12/95 600 13.42 Open Market
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Rockwood Partners, L.P. 06/14/95 1,100 13.41 Open Market
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Rockwood Partners, L.P. 06/15/95 2,100 13.40 Open Market
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Rockwood Partners, L.P. 06/16/95 3,500 13.27 Open Market
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Rockwood Partners, L.P. 06/19/95 5,300 13.27 Open Market
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Rockwood Partners, L.P. 06/20/95 4,500 13.25 Open Market
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<FN>
* Sale of Shares (Page 2 of 2)
</TABLE>
