Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-L(b), (c) AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO 13d-2
( AMENDMENT 2 )*
Maui Land & Pineapple Company, Inc.
-----------------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------
(Title of Class of Securities)
577346-10-1
-----------
(CUSIP Number)
March 12, 2007
--------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-l(b)
[X] Rule 13d-l(c)
[ ] Rule 13d-l(d)
* 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).
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CUSIP NO. 557345-10-1 PAGE 2 OF 9 PAGES
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- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mary C. Sanford
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Number Of
Shares 233,031
Beneficially --------------------------------------------------------------
Owned By
Each 6 SHARED VOTING POWER
Reporting
Person 0
With --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
233,031
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
233,031
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1%(1)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
- ----------
(1) Based on 7,565,800 shares outstanding as of February 22, 2007 pursuant to
the issuer's Form 10-K for the year ended December 31, 2006.
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CUSIP NO. 557345-10-1 PAGE 3 OF 9 PAGES
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- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Po'ohala Investments L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Hawaii
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Number Of
Shares 233,031
Beneficially --------------------------------------------------------------
Owned By
Each 6 SHARED VOTING POWER
Reporting
Person 0
With --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
233,031
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
233,031(1)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(9)
3.1%(1)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- ----------
(1) Based on 7,565,800 shares outstanding as of February 22, 2007 pursuant to
the issuer's Form 10-K for the year ended December 31, 2006.
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CUSIP NO. 557345-10-1 PAGE 4 OF 9 PAGES
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- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Po'ohala Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Hawaii
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Number Of
Shares 233,031
Beneficially --------------------------------------------------------------
Owned By 6 SHARED VOTING POWER
Each
Reporting 0
Person --------------------------------------------------------------
With
7 SOLE DISPOSITIVE POWER
233,031
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
233,031
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1%(1)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
- ----------
(1) Based on 7,565,800 shares outstanding as of February 22, 2007 pursuant to
the issuer's Form 10-K for the year ended December 31, 2006.
SCHEDULE 13G
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CUSIP NO. 557345-10-1 PAGE 5 OF 9 PAGES
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ITEM 1(a). NAME OF ISSUER:
Maui Land & Pineapple Company, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
120 Kane Street, PO Box 187, Kahului, Maui, HI 96733-6687
ITEM 2(a). NAME OF PERSON FILING:
(1) May C. Sanford
(2) Po'olaha Investments L.P.
(3) Po'olaha Holdings, Inc.
ITEM 2(b). ADDRESS OF PRINCIPAL OFFICES OR, IF NONE, RESIDENCE:
(1) 3694 Woodlawn Terrace Place, Honolulu, Hawaii 96822
(2) 3694 Woodlawn Terrace Place, Honolulu, Hawaii 96822
(3) 3694 Woodlawn Terrace Place, Honolulu, Hawaii 96822
ITEM 2(c). CITIZENSHIP:
(1) United States
(2) Hawaii
(3) Hawaii
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
557345-10-1
SCHEDULE 13G
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CUSIP NO. 557345-10-1 PAGE 6 OF 9 PAGES
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ITEM 3. IF THE STATEMENT IS BEING FILED PURSUANT TO RULE 13d-l(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE FILING PERSON IS A:
(a)[ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
(b)[ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)[ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C.
78c);
(d)[ ] Investment company registered under Section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8);
(e)[ ] An investment adviser in accordance with l3d-l(b)(I)(ii)(E);
(f)[ ] An employee benefit plan or endowment fund in accordance with 13d-1
(b)(1)(ii)(F);
(g)[ ] A parent holding company or control person in accordance with
13d-l(b)(1)(ii)(G);
(h)[ ] A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C.1813);
(i)[ ] A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3);
(j)[ ] Group, in accordance with l3d-l(b)(l)(ii)(J).
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned:
Mary C. Sanford beneficially owns 233,031 shares of Common Stock.
Po'olaha Investments L.P. and Po'olaha Holdings, Inc. each beneficially
own 233,031 shares of Common Stock. Ms. Sanford owns 100% of the shares
of Po'olaha Holdings, Inc., which is the sole general partner of
Po'olaha Investments L.P.
(b) Percent of class:
The shares beneficially owned by Ms. Sanford, Po'ohala Investments L.P.
and Po'olaha Holdings, Inc. represent approximately 3.1% of the
outstanding shares of Common Stock (based on 7,565,800 shares
outstanding as of February 22, 2007 pursuant to the issuer's Form 10-K
for the year ended December 31, 2006).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Mary C. Sanford: 233,031
Po'ohala Investments L.P.: 233,031
Po'olaha Holdings, Inc.: 233,031
SCHEDULE 13G
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CUSIP NO. 557345-10-1 PAGE 7 OF 9 PAGES
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(ii) Shared power to vote or to direct the vote:
Mary C. Sanford: 0
Po'ohala Investments L.P.: 0
Po'olaha Holdings, Inc.: 0
(iii) Sole power to dispose or to direct the disposition of:
Mary C. Sanford: 233,031
Po'ohala Investments L.P.: 233,031
Po'olaha Holdings, Inc.: 233,031
(iv) Shared power to dispose or to direct the disposition of:
Mary C. Sanford: 0
Po'ohala Investments L.P.: 0
Po'olaha Holdings, Inc.: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person had ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Inapplicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Inapplicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Inapplicable
SCHEDULE 13G
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CUSIP NO. 557345-10-1 PAGE 8 OF 9 PAGES
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Inapplicable
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SCHEDULE 13G
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CUSIP NO. 557345-10-1 PAGE 9 OF 9 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: March 14, 2007
/s/ Mary C. Sanford
------------------------
Mary C. Sanford
PO'OHALA INVESTMENTS L.P.
By: PO'OHALA HOLDINGS, INC.,
Ge
neral Partner
/s/ Mary C. Sanford
------------------------
Name: Mary C. Sanford
Title: President
PO'OHALA HOLDINGS, INC.
/s/ Mary C. Sanford
------------------------
Name: Mary C. Sanford
Title: President
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION. INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, the undersigned agree to the joint filing on behalf of each of them of
a Statement on Schedule 13G (including any and all amendments hereto) with
respect to the common stock, par value $0.01 per share, of Maui Land & Pineapple
Company, Inc. and further agree that this Joint Filing Agreement shall be
included as an Exhibit to such joint filings.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of March 14,
2007.
/s/ Mary C. Sanford
------------------------
Mary C. Sanford
PO'OHALA INVESTMENTS L.P.
By: PO'OHALA HOLDINGS, INC.,
General Partner
/s/ Mary C. Sanford
------------------------
Name: Mary C. Sanford
Title: President
PO'OHALA HOLDINGS, INC.
/s/ Mary C. Sanford
------------------------
Name: Mary C. Sanford
Title: President