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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
(AMENDMENT NO. 1)
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
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons 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 1,855,700 shares
Shares Bene-
ficially
Owned by --------------------------------------------------------------
Each Report- (6) Shared Voting Power 0
ing Person
With
--------------------------------------------------------------
(7) Sole Dispositive Power 1,855,700 shares
--------------------------------------------------------------
(8) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,855,700 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)
15.7%
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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
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
Michael H. Iles
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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 Bene-
ficially
Owned by --------------------------------------------------------------
Each Report- (6) Shared Voting Power 0
ing Person
With
--------------------------------------------------------------
(7) Sole Dispositive Power See Items 4 and 6
--------------------------------------------------------------
(8) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
See Items 4 and 6
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
See Item 4
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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
IN**
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** Please See Item 6 herein.
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<TABLE>
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ITEM 1(A) NAME OF ISSUER:
ParcPlace-Digitalk, Inc. ("Issuer")
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 1S7
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 ("Common Stock")
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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<TABLE>
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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 (as of
December 31, 1996): 1,855,700 shares
(b) Percent of Class: 15.7%
(c) Number of shares as to which the Reporting Persons have:
(i) sole power to vote or to direct the vote: 1,855,700 shares
(ii) shared power to vote or to direct the vote: none
(iii) sole power to dispose or direct the disposition of: 1,855,700
shares
(iv) shared power to dispose or direct the disposition of: none
</TABLE>
The number of shares reported in Item 4(a) of this Schedule 13G does
not include 39,800 shares of the Issuer's Common Stock registered in
the name of Lievre Valley Investment Club, an investment club of which
a wholly-owned corporation of Michael H. Iles is a member. Mr. Iles
disclaims beneficial ownership of such 39,800 shares, and the filing of
this Schedule 13G shall not be construed as an admission that Mr. Iles
is, for the purposes of Section 13(d) or 13(g) of the Act, the
beneficial owner of any such securities.
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 organized under the laws of Ontario (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
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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.
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: February 4, 1997
/s/ Michael H. Iles CLOSEBURN MANAGEMENT LTD.
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Michael H. Iles
By: /s/ Michael H. Iles
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Name: Michael H. Iles
Title: President
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