Schedule 13D
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Capital Properties, Inc.
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(Name of Issuer)
Class A Common Stock, $0.01 Par Value
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(Title of Class of Securities)
140430 10 9
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(CUSIP Number)
Margaret D. Farrell, 1500 Fleet Center, Providence, RI 02903 (401) 274-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 6, 2005
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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(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 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). CUSIP NO. 140430 10 9
i.
(1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
Stephen J. Carlotti
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(2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
OO
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(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
Not Applicable
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(6) Citizenship or Place of Organization
United States of America
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(7) Sole Voting Power
Number of 1,569,838
Shares ------------------------------------------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each ------------------------------------------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 1,569,838
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,569,838
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(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
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ii.
(1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
Robert H. Eder 2005 Trust
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(2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
OO
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(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
Not Applicable
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(6) Citizenship or Place of Organization
United States of America
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(7) Sole Voting Power
Number of 784,869
Shares ------------------------------------------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each ------------------------------------------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 784,869
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
784,869
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(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
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iii.
(1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
Linda Eder 2005 Trust
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(2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
OO
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(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
Not Applicable
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(6) Citizenship or Place of Organization
United States of America
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(7) Sole Voting Power
Number of 784,869
Shares ------------------------------------------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 0
Each ------------------------------------------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 784,869
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
784,869
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(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
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ITEM 1. SECURITY AND ISSUER.
Class A Common Stock, $.01 par value per share ("Common Stock"). Capital
Properties, Inc., 100 Dexter Road, East Providence, Rhode Island 02914.
ITEM 2. IDENTITY AND BACKGROUND.
(a) (i) Stephen J. Carlotti
(ii) Robert H. Eder 2005 Trust
(iii) Linda Eder 2005 Trust
(b) (i), (ii), (iii) c/o Hinckley, Allen & Snyder, LLP
1500 Fleet Center
Providence, Rhode Island 02903
(c) (i) Partner, Hinckley, Allen & Snyder LLP
1500 Fleet Center
Providence, Rhode Island 02903
(ii), (iii) Trust
(d) (i), (ii), (iii) None
(e) (i), (ii), (iii) None
(f) (i), (ii), (iii) United States of America
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Except for 100 shares of the issuer's Class A Common Stock, which are held
directly by Mr. Carlotti, the securities described herein were transferred by
Robert H. Eder and Linda Eder into the Robert H. Eder 2005 Trust and Linda Eder
2005 Trust of which Mr. Carlotti is trustee. Except for the 100 shares of Class
A Common Stock held directly by Mr. Carlotti, which were acquired with personal
funds, the shares held by Mr. Carlotti and as trustee and by the trusts were
acquired by Mr. and Mrs. Eder with their personal funds.
ITEM 4. PURPOSE OF TRANSACTION.
Robert H. Eder, who serves as a Director of the issuer, and his spouse, Linda
Eder, have acquired the shares described herein over time as an investment and
have transferred those shares to separate trusts of which Mr. Carlotti is
trustee for estate planning purposes. Pursuant to the trust agreements, Mr.
Carlotti has sole power and control over the voting, transfer and disposition of
such shares. None of Mr. Carlotti, in his capacity as trustee, the Robert H.
Eder 2005 Trust, nor the Linda Eder 2005 Trust have any plans, which relate to
or would result in: (a) the acquisition by any person of additional securities
of the issuer, or the disposition of the securities of the issuer; (b) an
extraordinary corporate transaction, such as a merger, reorganization, or
liquidation, involving the issuer or any of its subsidiaries; (c) a sale or
transfer of a material amount of assets of the issuer or any of its
subsidiaries; (d) any change in the present board of directors or management of
the issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board; (e) any material
change in the present capitalization or dividend policy of the issuer; (f) any
other material change in the issuer's business or corporate structure; (g)
changes in the issuer's charter, by-laws or instruments corresponding thereto or
other actions which may impede the acquisition of control of the issuer by any
person; (h) causing a class of securities of the issuer 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 issuer becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the Act; or (j) any action
similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) (i) The aggregate number of securities identified pursuant to Item
1 beneficially owned by Mr. Carlotti is 1,569,838, representing 47.6%
of the 3,299,956 shares of the issuer's Class A Common Stock
outstanding on April 1, 2005, of which 100 shares of the issuers Class
A common stock are held by Mr. Carlotti directly, 784,869 are held in
trust by the Robert H. Eder 2005 Trust of which Mr. Carlotti is
trustee and 784,869 are held in trust by the Linda Eder 2005 Trust of
which Mr. Carlotti is trustee.
(ii) The aggregate number of securities identified pursuant to Item 1
beneficially owned by the Robert H. Eder 2005 Trust is 784,869,
representing 23.8% of the 3,299,956 shares of the issuer's Class A
Common Stock outstanding on April 1, 2005.
(iii) The aggregate number of securities identified pursuant to Item 1
beneficially owned by the Linda Eder 2005 Trust is 784,869,
representing 23.8% of the 3,299,956 shares of the issuer's Class A
Common Stock outstanding on April 1, 2005.
(b) (i) The number of shares as to which Mr. Carlotti has sole power
to vote or to direct the vote is 1,569,838; the number of shares as to
which there is shared power to vote or to direct the vote is 0; the
number of shares as to which there is sole power to dispose or to
direct the disposition is 1,569,838; the number of shares as to which
there is shared power to dispose or direct the disposition is 0.
(ii) The number of shares as to which the Robert H. Eder 2005 Trust
has sole power to vote or to direct the vote is 784,869; the number of
shares as to which there is shared power to vote or to direct the vote
is 0; the number of shares as to which there is sole power to dispose
or to direct the disposition is 784,869; the number of shares as to
which there is shared power to dispose or direct the disposition is 0.
(iii) The number of shares as to which the Linda Eder 2005 Trust has
sole power to vote or to direct the vote is 784,869; the number of
shares as to which there is shared power to vote or to direct the vote
is 0; the number of shares as to which there is sole power to dispose
or to direct the disposition is 784,869; the number of shares as to
which there is shared power to dispose or direct the disposition is 0.
(c) (i), (ii), (iii) None
(d) (i), (ii), (iii) Not applicable.
(e) (i), (ii), (iii) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Mr. Carlotti serves as trustee of the Robert H. Eder 2005 Trust and the
Linda Eder 2005 Trust pursuant to two separate trust agreements, which trusts
each hold 784,869 shares of the issuer's Class A Common Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
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.
Date: April 14, 2005 /s/ Stephen J. Carlotti
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Stephen J. Carlotti
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.
Date: April 14, 2005 Robert H. Eder 2005 Trust
By:/s/ Stephen J. Carlotti
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Name: Stephen J. Carlotti
Title: Trustee
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.
Date: April 14, 2005 Linda Eder 2005 Trust
By: /s/ Stephen J. Carlotti
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Name: Stephen J. Carlotti
Title: Trustee