--------------------------
OMB APPROVAL
--------------------------
OMB Number: 3235-0145
Expires: December 31, 2005
Estimated average burden
hours per responss...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. 16)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)
January 1, 2004
--------------------------------------------------------------------------------
(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
240.13d-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 for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 28 Pages
Exhibit Index Found on Page 26
------------------------------------
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).
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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
PN
------------====================================================================
Page 2 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
00
------------====================================================================
Page 3 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IA, OO
------------====================================================================
Page 4 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 5 of 28 Pages
13D
===================
CUSIP No. 14040M104
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Chun R. Ding
------------====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 6 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 7 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 8 of 28 Pages
13D
===================
CUSIP No. 14040M104
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Charles E. Ellwein
------------====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 9 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 10 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 11 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 12 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 13 of 28 Pages
13D
===================
CUSIP No. 14040M104
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Rajiv A. Patel
------------====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 14 of 28 Pages
13D
===================
CUSIP No. 14040M104
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Derek C. Schrier
------------====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 15 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 16 of 28 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 ]
------------====================================================================
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
------------====================================================================
7 SOLE VOTING POWER
-0-
NUMBER OF ------------===========================================
8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,712,276 [See Preliminary Note]
OWNED BY ------------===========================================
9 SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING ------------===========================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,719,588 [See Preliminary Note]
------------====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,719,588 of which only 3,712,276 Shares are Voting Shares [See
Preliminary Note]
------------====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.7 % of all Shares but only 29.0 % of those Shares currently
eligible to vote [See Preliminary Note]
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------====================================================================
Page 17 of 28 Pages
This Amendment No. 16 to the Schedule 13D (this "Amendment") amends the
Schedule 13D originally filed on September 30, 1997 (collectively with all other
amendments thereto, the "Schedule 13D").
Preliminary Note: This Amendment is being filed to reflect that
effective on January 1, 2004, each of Charles E. Ellwein and Rajiv A. Patel
became a managing member of Farallon Capital Management, L.L.C., one of the
Reporting Persons listed below, and as such may be deemed to be a beneficial
owner of the securities beneficially owned by such entity as of such date. There
have been no transactions in any securities of Capital Pacific Holdings, Inc.
(the "Company") by the Reporting Persons since the prior amendment to the
Schedule 13D filed on November 10, 2003.
As reported by the Company in its Form 10-Q for the quarter ended
August 31, 2003, there are (i) 12,788,250 Shares of Common Stock outstanding,
all of which are eligible to vote ("Voting Common Stock"), and (ii) 2,007,312
Shares of non-voting common stock ("Non-Voting Common Stock") outstanding, each
as of September 30, 2003. The Partnership owns and is able to dispose of (x)
3,712,276 Shares of Voting Common Stock and (y) 1,235,000 Shares of Non-Voting
Common Stock. In addition, as the sole non-managing member of Makallon, LLC
("Makallon") and having a veto power over the disposal of assets held by
Makallon with value in excess of $10,000, the Partnership may also be deemed to
be the beneficial owner of the 772,312 shares of Non-Voting Common Stock held by
Makallon. The Partnership therefore is, or may be deemed to be, the beneficial
owner of 38.7% of the 14,795,562 Shares of Common Stock (both Voting and
Non-Voting) issued and outstanding but only 29.0% of the 12,788,250 Shares of
Voting Common Stock issued and outstanding.
Page 18 of 28 Pages
Item 2. Identity And Background.
------ ------------------------
Item 2 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) This statement is filed by the entities and persons listed
below, all of whom together are referred to herein as the "Reporting Persons."
The Partnership
---------------
(i) California Housing Finance, L.P., a Delaware limited
partnership, with respect to the Shares beneficially
owned by it.
The General Partner Of The Partnership
--------------------------------------
(ii) California Housing Finance, L.L.C., a Delaware
limited liability company which is the general
partner of the Partnership (the "General Partner"),
with respect to the Shares beneficially owned by the
Partnership.2
The Management Company
----------------------
(iii) Farallon Capital Management, L.L.C., a Delaware
limited liability company (the "Management Company"),
with respect to the Shares beneficially owned by the
Partnership.
The Managing Members Of The Management Company
----------------------------------------------
(iv) The following persons who are managing members of the
Management Company, with respect to the Shares
beneficially owned by the Partnership: David I. Cohen
("Cohen"), Chun R. Ding ("Ding"), Joseph F. Downes
("Downes"), William F. Duhamel ("Duhamel"), Charles
E. Ellwein ("Ellwein"), Richard B. Fried ("Fried"),
Monica R. Landry ("Landry"), William F. Mellin
("Mellin"), Stephen L. Millham ("Millham"), Rajiv A.
Patel ("Patel"), Derek C. Schrier ("Schrier"), Thomas
F. Steyer ("Steyer") and Mark C. Wehrly ("Wehrly").
Cohen, Ding, Downes, Duhamel, Ellwein, Fried, Landry, Mellin, Millham,
Patel, Schrier, Steyer and Wehrly are together referred to herein as the
"Individual Reporting Persons."
------------------------------------
2 The limited partners of the Partnership are Farallon Capital
Partners, L.P., a California limited partnership ("FCP"), a discretionary
account (the "Managed Account") managed by the Management Company (as defined
herein), RR Capital Partners, L.P., a Delaware limited partnership ("RR") and
Farallon Special Situation Partners, L.P., a Delaware limited partnership
("FSSP"). The members of the General Partner are FCP, the Managed Account, RR
and FSSP.
Page 19 of 28 Pages
(b) The address of the principal business and principal office of
(i) the Partnership, the General Partner and the Management Company is One
Maritime Plaza, Suite 1325, San Francisco, California 94111 and (ii) each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(c) The principal business of the Partnership is to invest in and
engage in certain financial transactions with the Company and its affiliates and
with Makallon. The principal business of the General Partner is to act as the
general partner of the Partnership. The principal business of the Management
Company is that of a registered investment adviser. The Management Company also
acts as the manager of the General Partner. The principal business of each of
the Individual Reporting Persons is set forth in Annex 1 hereto.
(d) None of the Partnership, the General Partner, the Management
Company or any of the Individual Reporting Persons has, during the last five
years, been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) None of the Partnership, the General Partner, the Management
Company or any of the Individual Reporting Persons has, during the last five
years, been party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) The citizenship of each of the Partnership, the General
Partner and the Management Company is set forth above. Each of the Individual
Reporting Persons is a United States citizen. The other information required by
Item 2 relating to the identity and background of the Reporting Persons is set
forth in Annex 1 hereto.
Page 20 of 28 Pages
Item 7. Materials To Be Filed As Exhibits.
------ ---------------------------------
There is filed herewith as Exhibit V a written agreement relating to
the filing of joint acquisition statements as required by Section 240.13d-1(k)
under the Securities Exchange Act of 1934, as amended.
Page 21 of 28 Pages
SIGNATURES
----------
After reasonable inquiry and to the best of our knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 12, 2004
CALIFORNIA HOUSING FINANCE, L.P.
By: California Housing Finance, LLC
its General Partner
By: Farallon Capital Management, L.L.C.
its Manager
/s/ Joseph F. Downes
----------------------------------------
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
----------------------------------------
By: Joseph F. Downes, individually and as
attorney-in-fact for each of David I. Cohen, Chun
R. Ding, William F. Duhamel, Charles E. Ellwein,
Richard B. Fried, Monica R. Landry, William F.
Mellin, Stephen L. Millham, Rajiv A. Patel, Derek
C. Schrier, Thomas F. Steyer and Mark C. Wehrly.
The Powers of Attorney, each executed by Cohen, Mellin, Millham 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 Development
Page 22 of 28 Pages
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, as well as Steyer and Cohen, 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. The Powers of Attorney executed by each of Chun R.
Ding and Derek C. Schrier authorizing Downes to sign and file this Schedule 13D
on his behalf, which was filed with Amendment No. 1 to the Schedule 13D filed
with the Securities and Exchange Commission on July 2, 2003, by such Reporting
Person with respect to the Common Stock of Salix Pharmaceuticals, Ltd., is
hereby incorporated by reference. The Powers of Attorney executed by each of
Charles E. Ellwein and Rajiv A. Patel authorizing Downes to sign and file this
Schedule 13D on his behalf, which was filed with Amendment No. 4 to the Schedule
13G filed with the Securities and Exchange Commission on January 8, 2004 by such
Reporting Person with respect to the Common Stock of Catalytica Energy Systems,
Inc., is hereby incorporated by reference.
Page 23 of 28 Pages
ANNEX 1
Set forth below with respect to the Partnership, the General Partner,
the Management Company is the following: (a) name; (b) address; (c) principal
business; (d) state of organization; and (e) controlling persons. Set forth
below with respect to each managing member of the Management Company is the
following: name; business address; principal occupation; and citizenship.
1. The Partnership
---------------
(a) California Housing Finance, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) Invests and engages in certain financial transactions with the
Company and its affiliates and with Makallon
(d) Delaware limited partnership
(e) General Partner: California Housing Finance, L.L.C.
2. The General Partner
-------------------
(a) California Housing Finance, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) Acts as General Partner of California Housing Finance, L.P.
(d) Delaware limited liability company
(e) Manager: Farallon Capital Management, L.L.C.
3. The Management Company
----------------------
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) Serves as investment adviser to various managed accounts. Also
acts as manager of California Housing Finance, L.L.C.
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
David I. Cohen, Chun R. Ding, Joseph F. Downes, William F.
Duhamel, Charles E. Ellwein, Richard B. Fried, Monica R.
Landry, William F. Mellin, Stephen L. Millham, Rajiv A. Patel,
Derek C. Schrier and Mark C. Wehrly, Managing Members.
Page 24 of 28 Pages
4. The Individual Reporting Persons
--------------------------------
Each of the Individual Reporting Persons is a United States citizen
whose business address is c/o Farallon Capital Management, L.L.C., One
Maritime Plaza, Suite 1325, San Francisco, California 94111. The
principal occupation of Thomas F. Steyer is serving as senior managing
member of the Management Company. The principal occupation of each
Individual Reporting Person is serving as a managing member of the
Management Company.
Page 25 of 28 Pages
EXHIBIT INDEX
EXHIBIT V Joint Acquisition Statement
Pursuant to Section 240.13d1(k)
Page 26 of 28 Pages
EXHIBIT V
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13D-(f)(1)
----------------------------------
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: January 12, 2004
CALIFORNIA HOUSING FINANCE, L.P.
By: California Housing Finance, LLC
its General Partner
By: Farallon Capital Management, L.L.C.
its Manager
/s/ Joseph F. Downes
----------------------------------------
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
Page 27 of 28 Pages
FARALLON CAPITAL MANAGEMENT, L.L.C.,
/s/ Joseph F. Downes
----------------------------------------
By: Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
By: Joseph F. Downes, individually and as
attorney-in-fact for each of David I. Cohen, Chun
R. Ding, William F. Duhamel, Charles E. Ellwein,
Richard B. Fried, Monica R. Landry, William F.
Mellin, Stephen L. Millham, Rajiv A. Patel, Derek
C. Schrier, Thomas F. Steyer and Mark C. Wehrly.
Page 28 of 28 Pages