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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ParcPlace-Digitalk, Inc.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
69942110
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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).
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CUSIP NO. 69942110
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1 Name of Reporting Person S.S. or I.R.S. Identification Nos. of Above Persons
Closeburn Management Ltd.
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization Canada
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Number of 5 Sole Voting Power 1,380,700 shares
Shares -------------------------------------------------------
Beneficially 6 Shared Voting Power 0
Owned by -------------------------------------------------------
Each Reporting 7 Sole Dispositive Power 1,380,700 shares
Person -------------------------------------------------------
With 8 Shared Dispositive Power 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,380,700 shares
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
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11 Percent of Class Represented by Amount in Row (9)
11.7%
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12 Type of Reporting Person (See Instructions)
CO,OO*
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* Please See Item 6 herein.
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CUSIP NO. 69942110
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1 Name of Reporting Person S.S. or I.R.S. Identification Nos. of Above Persons
Michael H. Isles
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
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4 Citizenship or Place of Organization Canada
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Number of 5 Sole Voting Power See Items 4 and 6
Shares ------------------------------------------------------------------
Beneficially 6 Shared Voting Power 0
Owned by ------------------------------------------------------------------
Each Reporting 7 Sole Dispositive Power See Items 4 and 6
Person ------------------------------------------------------------------
With 8 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
See Items 4 and 6
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
See Items 4 and 6
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12 Type of Reporting Person (See Instructions)
IN**
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* Please See Item 6 herein.
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Item 1(a) Name of Issuer:
ParcPlace-Digitalk, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
999 East Arques Avenue
Sunnyvale, California 94086
Item 2(a) Name of Persons Filing:
(i) Closeburn Management Ltd.
(ii) Michael H. Iles
Item 2(b) Address of Principal Business Office or, if none,
Residence:
260 Engleburn Avenue
Peterborough, Ontario K9H IS7
Canada
Item 2(c) Citizenship:
(i) Closeburn Management Ltd. is organized under the laws of
Canada.
(ii) Michael H. Iles is a citizen of Canada.
Item 2(d) Title of Class of Securities:
Common Stock, $.001 par value
Item 2(e) CUSIP Number: 69942110
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
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(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F).
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)
(G).
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4 Ownership:
(a) Amount Beneficially Owned by the Reporting Persons:
1,380,700 shares
(b) Percent of Class: 11.7%
(c) Number of shares as to which the Reporting Persons have:
(i) sole power to vote or to direct the vote: 1,380,700 shares
(ii) shared power to vote or to direct the vote: none
(iii) sole power to dispose or direct the disposition of:
1,380,700 shares
(iv) shared power to dispose or direct the disposition of: none
See also the response to Item 6, which information is incorporated by
reference in this Item 4.
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.
The record holder of the securities covered by this Schedule
13G is Technology Investors I Limited Partnership, a limited
partnership (the "Customer") whose sole general partner is a
wholly-owned subsidiary of Closeburn Management Ltd., a corporation
organized under the laws of Canada ("Closeburn"). Closeburn acts as
the investment manager of the Customer, and the Customer has the right
to receive any dividends on or proceeds from the sale of such
securities. Closeburn is wholly-owned by Michael H. Iles, a citizen
of Canada ("Iles"). Because Closeburn is wholly-owned by Iles, Iles
may be deemed the beneficial owner of the securities covered by this
Schedule 13G. Both Closeburn and Iles are submitting this Schedule
13G pursuant to the "no-action" letter dated December 16, 1993, from
the Office of Tender Offers of the Division of Corporate Finance to
Iles & Isherwood Inc., the name under which Closeburn was formerly
known.
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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 a Group.
Not applicable.
Item 9 Notice of Dissolution of Group.
Not applicable.
Item 10 Certification.
By signing below I (the undersigned) certify that, to the best
of my (its) knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were not acquired
for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction
having such purposes or effect.
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After reasonable inquiry and to the best of my (its) knowledge and
belief, I (the undersigned) certify that the information set forth in this
statement is true, complete and correct.
Dated: November 5, 1996
/s/ Michael H. Isles CLOSEBURN MANAGEMENT LTD.
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Michael H. Iles
By:/s/ Michael H. Isles
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Name: Michael H. Iles
Title: President
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