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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. 22*
Starrett Corporation (formerly Starrett Housing Corporation)
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
855677100
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(CUSIP Number)
Robinson Markel, Esq.
Piper & Marbury L.L.P.
1251 Avenue of the Americas
New York, New York 10020-1104
(212) 835-6262
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 3, 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).
Page 1 of 6 Pages
<PAGE>
SCHEDULE 13D
CUSIP No. 855677100 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cynthia Colin
###-##-####
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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*
PF
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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
U.S.A.
- ------ ------------------------------------------------------------------------
------- -------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 3,200
------- -------------------------------------------------
------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 15,894
------- -------------------------------------------------
------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,200
------- -------------------------------------------------
------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
15,894
------- -------------------------------------------------
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,094
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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)
0.305%
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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
Page 2 of 6 Pages
<PAGE>
SCHEDULE 13D
CUSIP No. 855677100 Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Green Fund, Inc.
13-6160150
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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*
OO (investment funds)
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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
New York
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7 SOLE VOTING POWER
NUMBER OF 267,900
------- -------------------------------------------------
------- -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
------- -------------------------------------------------
------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 267,900
------- -------------------------------------------------
------- -------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
------- -------------------------------------------------
- -------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
267,900
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
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)
4.279%
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- -------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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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
Page 3 of 6 Pages
<PAGE>
Item 1. Security and Issuer.
This statement relates to the common stock of Starrett Corporation (formerly
Starrett Housing Corporation).
Item 2. Identity and Background.
This statement is filed by the following individuals and entities ("Group"):
The Green Fund, Inc., a New York not-for-profit corporation which operates
as a private foundation and whose address is 14 East 60th Street, Suite
702, New York, New York 10022. The officers of The Green Fund, Inc. are
Cynthia Colin, President and S. William Green, Treasurer. Its directors are
Cynthia Colin, S. William Green and Patricia Green. S. William Green and
Cynthia Colin are brother and sister, and S. William Green and Patricia
Green are husband and wife.
Cynthia Colin, whose address is c/o The Green Fund, Inc. at the above
address. Cynthia Colin is employed as a registered representative by Smith
Barney & Co., a securities broker-dealer in New York.
S. William Green, whose address is 755 Park Avenue, New York, New York.
S. William Green serves as a director of various public and governmental
corporations.
Patricia Green, whose address is 755 Park Avenue, New York, New York.
Patricia Green is a housewife.
Various family trusts of which Cynthia Colin is trustee or beneficiary,
the holdings of which are included in her reported holdings.
During the past five years, none of the persons just identified has
been convicted in a criminal proceeding, nor has any of them been a party
to any civil proceeding of the nature identified in paragraph (e) of Item
2. All of such individuals are citizens of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
Investment funds of The Green Fund, Inc. were used to make this investment.
Item 4. Purpose of Transaction.
No change. The Group continues to hold its shares ("Shares") of common stock
of Starrett Corporation for investment.
Page 4 of 6 Pages
<PAGE>
As the Group no longer holds 5% of the outstanding Shares, it does not
anticipate filing further statements relating to its ownership thereof.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended to read as follows:
(a) and (b): The aggregate number of Shares, and the percentage of the total
number of Shares outstanding (based on the 6,260,960 Shares reported as
outstanding in the issuer's report most recently filed under Sections 13 and
15(d) of the Securities Exchange Act of 1934 as at the date of the event which
required the filing of this Statement) beneficially owned by the members of the
Group are set forth in the table below, together with information as to the
power to vote and dispose of the Shares so owned:
<TABLE>
<S> <C> <C> <C> <C> <C>
Name Shares Beneficially Owned Percent
of Class
Voting Power Dispositive Power
Sole Shared Sole Shared
- ------------------------------------ ------------------ ------------------ ----------------- ------------------ ------------------
Cynthia Colin 3,200 15,894 3,200 15,894 0.305%
The Green Fund,
Inc. (Cynthia 267,900 267,900 4.279%
Colin, President)
- ------------------------------------ ------------------ ------------------ ----------------- ------------------ ------------------
Totals 271,100 15,894 271,100 15,894 4.584%
Page 5 of 6 Pages
<PAGE>
</TABLE>
(c) The following table shows transactions in the class of securities
reported on that were effected, as market transactions on the American Stock
Exchange except as otherwise noted, within 60 days prior to the date of the
event which required the filing of this Statement:
<TABLE>
<S> <C> <C> <C>
Selling Group Member Date Of Sale Number Of Shares Price Per Share
Sold
- ----------------------------------- ---------------------- --------------------- ------------------------
Cynthia Colin as Trustee 9/25/95 1,100 10.625
Cynthia Colin as Trustee 9/27/96 700 10.625
Green Fund 10/2/96 1,000 11.125
Green Fund 10/2/96 1,000 11.250
Green Fund 10/3/96 2,000 12.000
Green Fund 10/3/96 1,000 11.750
Green Fund 10/3/96 1,000 12.250
Green Fund 10/4/96 1,000 12.375
Green Fund 10/4/96 1,000 12.500
Green Fund 10/4/96 1,000 12.875
Green Fund 10/4/96 100 13.000
</TABLE>
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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.
October 23, 1996 By: /s/ Cynthia Colin
Date Cynthia Colin
THE GREEN FUND, INC.
October 23, 1996 By: /s/ Cynthia Colin
Date Cynthia Colin, President
Page 6 of 6 Pages
<PAGE>
