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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 3)
ParcPlace-Digitalk, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
69942110
(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. I.R.S. Identification Nos. of
Above Persons (entities only)
Closeburn Management Ltd.
(2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization Canada
Number of (5) Sole Voting Power 0
Shares Bene-
ficially
Owned by
Each Report- (6) Shared Voting Power 0
ing Person
With
(7) Sole Dispositive Power 0
(8) Shared Dispositive Power 0
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
0
(10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
[ ]
(11) Percent of Class Represented by Amount in Row (9)
0
(12) Type of Reporting Person (See Instructions)
CO, OO
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CUSIP No. 69942110
(1) Names of Reporting Persons. I.R.S. Identification Nos. of
Above Persons (entities only)
Michael H. Iles
(2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization Canada
Number of (5) Sole Voting Power 0
Shares Bene-
ficially
Owned by
Each Report- (6) Shared Voting Power 0
ing Person
With
(7) Sole Dispositive Power 0
(8) Shared Dispositive Power 0
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
0
(10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
[ ]
(11) Percent of Class Represented by Amount in Row (9)
0
(12) Type of Reporting Person
IN
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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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(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.
Not applicable.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. [X]
This Schedule 13G is being filed to report the fact
that as of the date hereof the reporting persons have ceased
to be the beneficial holders of more than five percent of the
Common Stock.
Both Closeburn Management Ltd., a corporation
organized under the laws of Canada ("Closeburn"), and Michael
H. Iles, a citizen of Canada, are submitting this Schedule 13G
pursuant to the "no action" letter, dated May 7, 1997, from
the Office of Mergers and Acquisitions of the Division of
Corporation Finance to Closeburn and Mr. Iles.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
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
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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.
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: October 2, 1997
/s/ Michael H. Iles CLOSEBURN MANAGEMENT LTD.
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Michael H. Iles
By: /s/ Michael H. Iles
-------------------------
Name: Michael H. Iles
Title: President
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