------------------------------
OMB APPROVAL
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OMB Number: 3235-0145
Expires: October 31, 2002
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hours per response . . . 14.90
------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Section 240.13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO SECTION 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
SECTION 240.13d-2(a)
(Amendment No. 11)1
Capital Pacific Holdings, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.10 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
14040M104
--------------------------------------------------------------------------------
(CUSIP Number)
Mark C. Wehrly
Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(415) 421-2132
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 31, 2001
--------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-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 Section
240.13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 24 Pages
--------
1 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 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
California Housing Finance, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, is a beneficial owner only of the securities
reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 2 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
California Housing Finance, LLC
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, is a beneficial owner only of the securities
reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------===================================================================
Page 3 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IA, OO
-------------===================================================================
Page 4 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 5 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 6 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 7 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 8 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 9 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 10 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Monica R. Landry
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 11 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 12 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 13 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 14 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 15 of 24 Pages
13D
===================
CUSIP No. 14040M104
===================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 2,809,851 Shares, which is 20.5 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page. [See Item 4]
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
-----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851 [See Item 4]
-----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851 [See Item 4]
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851 [See Item 4]
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.5 % [See Item 4]
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 16 of 24 Pages
This Amendment No. 11 to Schedule 13D amends the Schedule 13D initially
filed on September 30, 1997 (collectively, with all amendments thereto, the
"Schedule 13D").
Item 4. Purpose Of The Transaction.
------ --------------------------
Item 4 of the Schedule 13D is amended and updated in its entirety as
follows:
In Amendment No. 10 to this Schedule 13D filed on February 15, 2001, the
Reporting Persons reported that the Partnership, the Company and two of the
Company's shareholders, CPH2, LLC and CPH3, LLC (the "CPH Shareholders") entered
into an Interest Exchange Agreement dated as of February 15, 2001 (the "Exchange
Agreement") which provided, among other items, that the Company and the
Partnership each have an option (the "Option") to convert the Partnership's 7%
ownership interest in Capital Pacific Holdings, L.L.C. (an affiliate of the
Company)("CPH LLC") into 1,235,000 shares (the "Conversion Shares") of
non-voting Common Stock of the Company. On May 31, 2001, the Company gave notice
to the Partnership that, effective May 31, 2001, the Company is exercising the
Option. For information concerning the terms and conditions of the Exchange
Agreement and the Option, see Item 4 to Amendment No. 10 to the Schedule 13D
filed on February 15, 2001, and the Exchange Agreement which was filed as
Exhibit M to such Schedule 13D amendment, both of which are incorporated herein
by reference. The text of the Company's Option conversion notice to the
Partnership is annexed as Exhibit O to this Schedule 13D and is incorporated
herein by reference.
Item 5. Interest In Securities Of The Issuer.
------ ------------------------------------
Item 5 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) The Partnership
---------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the Partnership is incorporated herein
by reference for the Partnership. The percentage amount set
forth in Row 13 of each cover page filed herewith is
calculated based upon the 13,716,811 Shares outstanding as
of May 1, 2001
Page 17 of 24 Pages
as reported by the Company in its Annual Report on Form 10-K
for the fiscal year ended February 28, 2001 filed with the
Securities and Exchange Commission on May 29, 2001.
(c) There have been no purchases, sales or other transactions in
the Shares in the last 60 days. As reported in Item 4 above,
the Company has exercised its Option pursuant to the
Exchange Agreement to convert the Partnership's 7% ownership
interest in CPH LLC for 1,235,000 shares of non-voting
Common Stock of the Company.
(d) The General Partner, as general partner of the Partnership,
has the power to direct the affairs of the Partnership,
including the disposition of the proceeds of the sale of the
Shares owned by the Partnership. The Management Company, as
manager of the General Partner, has the power to direct the
affairs of the General Partner including the disposition of
the proceeds of the sale of the Shares. The Individual
Reporting Persons are managing members of the Management
Company.
(e) Not applicable.
(b) The General Partner
-------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the General Partner is incorporated
herein by reference.
(c) None.
(d) The Management Company, as manager of the General Partner,
has the power to direct the affairs of the General Partner
including the disposition of the proceeds of the sale of the
Shares. The Individual Reporting Persons are managing
members of the Management Company.
(e) Not applicable.
(c) The Management Company
----------------------
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the Management Company is incorporated
herein by reference.
(c) None.
(d) The Management Company, as manager of the General Partner,
has the power to direct the affairs of the General Partner
including the disposition of the proceeds of the sale of the
Shares. The Individual Reporting Persons are managing
members of the Management Company.
Page 18 of 24 Pages
(e) Not applicable.
(d) The Individual Reporting Persons
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Individual Reporting Person is
incorporated herein by reference for each such Individual
Reporting Person.
(c) None.
(d) The General Partner, as general partner of the Partnership,
has the power to direct the affairs of the Partnership,
including the disposition of the proceeds of the sale of the
Shares owned by the Partnership. The Management Company, as
manager of the General Partner, has the power to direct the
affairs of the General Partner including the disposition of
the proceeds of the sale of the Shares. The Individual
Reporting Persons are managing members of the Management
Company.
(e) Not applicable.
The Shares reported hereby for the Partnership are owned directly by it.
The General Partner, as general partner to the Partnership, may be deemed to be
the beneficial owner of all such Shares owned by the Partnership. The Management
Company, as manager of the General Partner, may be deemed to be the beneficial
owner of all Shares owned by the Partnership. Each of the Individual Reporting
Persons, as managing member of the Management Company, may be deemed to be the
beneficial owner of all such Shares held by the Partnerships. Each of the
General Partner, the Management Company and the Individual Reporting Persons
hereby disclaims any beneficial ownership of any such Shares.
Item 6. Contracts, Arrangements, Understandings Or
------ Relationships With Respect To Securities Of The Issuer.
------------------------------------------------------
As stated in Item 4 above, the Company has exercised the Option under the
Exchange Agreement. For information concerning the terms and conditions of the
Exchange Agreement and the Option, see Item 4 to Amendment No. 10 to the
Schedule 13D filed on February 15, 2001, and the Exchange Agreement which was
filed as Exhibit M to such Schedule 13D amendment, both of which are
incorporated herein by reference. The text of the Company's conversion notice to
the Partnership is annexed as Exhibit O to this Schedule 13D and is incorporated
herein by reference.
Item 7. Materials to be filed As Exhibits
------ ---------------------------------
Page 19 of 24 Pages
There is filed herewith as Exhibit O the text of the Company's Option
conversion notice to the Partnership referred to in Sections 4 and 6 above.
Page 20 of 24 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: June 4, 2001
/s/ Joseph F. Downes
----------------------------------------
CALIFORNIA HOUSING FINANCE, L.P.
By: California Housing Finance, LLC
its General Partner
By: Farallon Capital Management, L.L.C.
its Manager
By: Joseph F. Downes,
Managing Member
CALIFORNIA HOUSING FINANCE, L.L.C.
By: Farallon Capital Management, L.L.C.,
its Manager
/s/ Joseph F. Downes
----------------------------------------
By: Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
Joseph F. Downes, individually and as attorney-in-fact
for each of Enrique H. Boilini, David I. Cohen,
William F. Duhamel, Andrew B. Fremder,
Richard B. Fried, Monica R. Landry
William F. Mellin, Stephen L. Millham,
Meridee A. Moore, Thomas F. Steyer and Mark C. Wehrly.
The Powers of Attorney, each executed by Boilini, Cohen, Fremder, Mellin,
Millham, Moore and Steyer authorizing Downes to sign and file this Schedule 13D
on each person's behalf, which were filed with Amendment No. 1 to the Schedule
13D filed with the Securities and Exchange Commission on January 20, 1998, by
such Reporting Persons with respect to the Units of Spiros
Page 21 of 24 Pages
Development Corporation II, Inc., are hereby incorporated by reference. The
Powers of Attorney, each executed by Duhamel and Fried authorizing Downes to
sign and file this Schedule 13D on each person's behalf, which were filed with
Amendment No. 7 to the Schedule 13D filed with the Securities and Exchange
Commission on February 9, 1999 by such Reporting Persons with respect to the
Callable Class A Common Stock of Crescendo Pharmaceuticals Corporation, are
hereby incorporated by reference. The Power of Attorney executed by Mark C.
Wehrly authorizing Downes to sign and file this Schedule 13D on his behalf,
which was filed with Amendment No. 4 to the Schedule 13D filed with the
Securities and Exchange Commission on January 18, 2000, by such Reporting Person
with respect to the Class A Common Stock of Momentum Business Applications,
Inc., is hereby incorporated by reference. The Power of Attorney executed by
Monica R. Landry authorizing Downes to sign and file this Schedule 13D on her
behalf, which was filed with the Schedule 13G filed with the Securities and
Exchange Commission on January 22, 2001, by such Reporting Person with respect
to the Common Stock of Korn/Ferry International, is hereby incorporated by
reference.
Page 22 of 24 Pages
EXHIBIT INDEX
EXHIBIT O Text of May 31, 2001 Option Conversion Notice
(letterhead nor reproduced)
Page 23 of 24 Pages
CPH
May 31, 2001
BY FASCIMILE
(original to follow by U.S. Mail)
California Housing Finance, L.P.
c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
Attn: Stephen L. Millham and Mark Wehrly
Re: Exercise of Option under Section 2.3 of Interest Exchange
Agreement, dated February 15, 2001 between Capital Pacific
Holdings, Inc. ("CPH") and California Housing Finance, L.P.
("CHF") ("the Exchange Agreement")
Gentlemen:
Pursuant to Section 2.3 of the Exchange Agreement, CPH hereby exercises its
option to convert the Remainder Interest (as defined in the Exchange Agreement)
into 1,235,000 newly issued Shares of Non-Voting Common Stock of CPH (the
"Issued Shares"). CPH will cause the Issued Shares to be issued to CHF and
recorded by CPH's transfer agent, American Stock Transfer and Trust (the
"Transfer Agent") on the transfer books of CPH as of the date hereof. The
certificates representing the Issued Shares shall be delivered to CHF by the
Transfer Agent.
Regards,
/s/ Steven O. Spelman, Jr.
Steven O. Spelman, Jr.
Chief Financial Officer
cc: Richards Spears Kibbe & Orbe
One Chase Manhattan Plaza
New York, NY 10005
Attn: William Q. Orbe
Page 24 of 24 Pages