2013-01-14T09:27:46-06:00 2012-05-31 043284670 STACK & STACK LLP 393 TOTTEN POND ROAD SUITE 303 WALTHAM MA 02451 990PF 2011-06-01 016009168 KING SPRUCE COMPANY KING 6172273111 50 CONGRESS STREET NO 410 BOSTON MA 02109 EUGENE H CLAPP III 6172273111 2013-01-11 1 GARY L STACK P00506913 7818903300 2013-01-11 2011 2016-03-07 17:11:31Z X 5375034 X X 4 4 193265 193265 17939 98186 17939 211208 211208 16000 16000 0 5155 5155 0 21616 21616 0 1354 0 0 240 0 0 44365 42771 0 233300 233300 277665 42771 233300 -66457 168437 -5 -5 -5 10238 24028 24028 1197870 1117623 4346156 1103045 1103045 1004855 2311148 2244691 5375034 0 0 X 2316891 2316891 0 0 -5743 -72200 2311148 2244691 2311148 2244691 2311148 -66457 0 2244691 0 2244691 1000 SHS BANK OF AMERICA P 2002-03-25 2012-05-17 7103 31911 -24808 -24808 484 SHS FRONTIER COMM CORP P 2012-02-01 2034 1092 942 942 500 SHS HEALTH CARE REIT INC P 2009-12-28 2011-08-31 25403 23108 2295 2295 .200 SHS NORTHEAST UTILITIES P 2009-12-28 2012-04-11 7 6 1 1 800 SHS REALTY INCOME CORP P 2009-12-28 2011-09-02 26959 21432 5527 5527 1 SH PENOBSCOT CAPITAL INC P 2012-05-21 36680 2698 33982 33982 17939 0 225361 4707628 0.047871 224440 4596542 0.048828 285260 4514255 0.063191 241872 5929911 0.040788 175550 5853000 0.029993 0.230671 0.046134 5233003 241419 1684 243103 233300 3369 0 3369 0 3369 1686 3000 4686 2 1315 1315 0 0 0 0 0 0 0 0 0 0 0 1 1 ME 1 0 0 0 0 1 N/A EUGENE H CLAPP III 6172273111 50 CONGRESS STREET SUITE 410 BOSTON MA 02109 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MEREDITH P CLAPP 10 CHARLES RIVER SQ BOSTON MA 02193 8.00 16000 0 0 EUGENE H CLAPP III 10 CHARLES RIVER SQ BOSTON MA 02193 5.00 0 0 0 THOMAS E NEEDHAM 10 PINELEDGE RD BANGOR ME 04401 1.00 0 0 0 MARJORIE G CLAPP 10 CHARLES RIVER SQ BOSTON MA 02193 0.00 0 0 0 NONE 0 NONE 0 0 5273724 38969 0 5312693 0 0 5312693 79690 5233003 261650 261650 3369 3369 258281 0 258281 0 258281 233300 0 233300 0 233300 258281 232611 0 0 233300 232611 0 0 689 0 0 0 0 0 0 0 0 257592 0 0 0 X ACCESS SPORT AMERICA 119 HIGH STREET ACTON MA 01720 NONE CIVIC UNRESTRICTED GIFT 5000 ARTIST ASSOCIATION OF NANTUCKET 1 GARDNER PERRY LANE NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 1000 BEACON HILL CIVIC ASSOCIATION 74 JOY STREET BOSTON MA 02114 NONE CIVIC UNRESTRICTED GIFT 7500 BOSTON ATHENAEUM 10 1/2 BEACON STREET BOSTON MA 02108 NONE CIVIC UNRESTRICTED GIFT 700 BOSTON SYMPHONY ORCHESTRA 301 MASSACHUSETTS AVENUE BOSTON MA 02115 NONE CIVIC UNRESTRICTED GIFT 5300 BOYS & GIRLS CLUBS OF BOSTON 50 CONGRESS STREET SUITE 730 BOSTON MA 02109 NONE CIVIC UNRESTRICTED GIFT 1000 BROOKS SCHOOL 1160 GREAT POND ROAD NORTH ANDOVER MA 01845 NONE SCHOOL UNRESTRICTED GIFT 1500 CHARLES RIVER WATERSHED ASSOCIATION 48 WOERD AVENUE WALTHAM MA 02453 NONE CIVIC UNRESTRICTED GIFT 1000 CHIKAMING OPEN LANDS 14913 LAKESIDE ROAD LAKESIDE MI 49116 NONE CIVIC UNRESTRICTED GIFT 1500 COMMUNITY ROWING INC 10 NONANTUM ROAD NEWTON MA 02158 NONE CIVIC UNRESTRICTED GIFT 20000 CONSERVATION LAW FOUNDATION 62 SUMMER STREET BOSTON MA 02110 NONE CIVIC UNRESTRICTED GIFT 10000 EMMA WILLARD SCHOOL 1285 PAWLING AVENUE TROY NY 12180 NONE SCHOOL UNRESTRICTED GIFT 10000 FOURTH PRESBYTERIAN CHURCH 340 DORCHESTER STRET SOUTH BOSTON MA 02127 NONE CHURCH UNRESTRICTED GIFT 500 HAWAII FOOD BASKET 140-B HOLOMUA STREET HILO HI 96720 NONE CHARITY UNRESTRICTED GIFT 1200 HEAD OF THE CHARLES ORGANIZATION PO BOX 52 CAMBRIDGE MA 02238 NONE CHARITY UNRESTRICTED GIFT 2000 HILL HOUSE 127 MOUNT VERNON STREET BOSTON MA 02108 NONE CIVIC UNRESTRICTED GIFT 1000 HORIZONS FOR HOMELESS CHILDREN 1705 COLUMBUS AVENUE ROXBURY MA 02119 NONE CHARITY UNRESTRICTED GIFT 1250 JOHN G SHEDD AQUARIUM 1200 SOUTH LAKE SHORE DRIVE CHICAGO IL 60605 NONE MUSEUM UNRESTRICTED GIFT 2700 KING'S CHAPEL 64 BEACON STREET BOSTON MA 02108 NONE CHURCH UNRESTRICTED GIFT 3000 KONA HOSPITAL FOUNDATION 79-1019 HAUKAPILA STREET KEALAKEKUA HI 96750 NONE HOSPITAL UNRESTRICTED GIFT 8450 MASSACHUSETTS GENERAL HOSPITAL 55 FRUIT STREET BOSTON MA 02114 NONE HOSPITAL UNRESTRICTED GIFT 7000 MUSEUM OF FINE ARTS 465 HUNTINGTON AVENUE BOSTON MA 02115 NONE MUSEUM UNRESTRICTED GIFT 3000 NANTUCKET ATHENAEUM 1 INDIA STREET NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 500 NANTUCKET CONSERVATION FOUNDATION INC 118 CLIFF ROAD NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 1000 NANTUCKET COTTAGE HOSPITAL 57 PROSPECT STREET NANTUCKET MA 02554 NONE HOSPITAL UNRESTRICTED GIFT 500 NANTUCKET HISTORICAL ASSOCIATION 15 BROAD STREET NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 1000 NANTUCKET LAND COUNCIL 6 ASH LANE NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 2000 NANTUCKET YACHT CLUB FOUNDATION 1 S BEACH STREET NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 500 NATIONAL ROWING FOUNDATION 67 MYSTIC ROAD N STONINGTON CT 06359 NONE CIVIC UNRESTRICTED GIFT 12500 NEW ENGLAND FORESTRY FOUNDATION PO BOX 1346 LITTLETON MA 01460 NONE CIVIC UNRESTRICTED GIFT 1000 OASIS COALITION OF BOSTON 9 COONEY AVENUE PLAINVILLE MA 02762 NONE CHARITY UNRESTRICTED GIFT 500 ROGERSON COMMUNITIES 1 FLORENCE STREET BOSTON MA 02131 NONE CIVIC UNRESTRICTED GIFT 10000 SANIBEL-CAPTIVA CONSERVATION FEDERATION 3399 SANIBEL CAPTIVA RD SANIBEL FL 33957 NONE CIVIC UNRESTRICTED GIFT 1000 SHADY HILL SCHOOL 178 COOLIDGE HILL CAMBRIDGE MA 02138 NONE SCHOOL UNRESTRICTED GIFT 2000 SPAULDING REHABILITATION HOSPITAL 125 NASHUA STREET BOSTON MA 02114 NONE HOSPITAL UNRESTRICTED GIFT 7500 ST PAUL'S SCHOOL 325 PLEASANT STREET CONCORD NH 03301 NONE SCHOOL UNRESTRICTED GIFT 1500 TANZANIAN CHILDRENS FUND PO BOX 382006 CAMBRIDGE MA 02238 NONE CHARITY UNRESTRICTED GIFT 500 THE ADVENT SCHOOL 15 BRIMMER STREET BOSTON MA 02108 NONE SCHOOL UNRESTRICTED GIFT 1000 THE ESPLANADE ASSOCIATION 10 DERNE STREET BOSTON MA 02114 NONE CIVIC UNRESTRICTED GIFT 1000 THE KONA HISTORICAL SOCIETY PO BOX 398 CAPTAIN COOK HI 96704 NONE CIVIC UNRESTRICTED GIFT 13500 UNITED WAY OF MASS BAY 245 SUMMER STREET 1401 BOSTON MA 02210 NONE CHARITY UNRESTRICTED GIFT 2500 UNIVERSITY OF CHICAGO 5801 SOUTH ELLIS AVENUE CHICAGO IL 60637 NONE SCHOOL UNRESTRICTED GIFT 2500 UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET PHILADELPHIA PA 19104 NONE SCHOOL UNRESTRICTED GIFT 20000 VINCENT CLUB 71 BRIMMER STREET BOSTON MA 02108 NONE CHARITY UNRESTRICTED GIFT 11000 VINCENT HOSPITAL 55 FRUIT STREET BOSTON MA 02114 NONE HOSPITAL UNRESTRICTED GIFT 1000 WBUR 890 COMMONWEALTH AVENUE BOSTON MA 02215 NONE CHARITY UNRESTRICTED GIFT 2950 BEACON HILL NURSERY SCHOOL 74 JOY STREET BOSTON MA 02114 NONE CIVIC UNRESTRICTED GIFT 500 COMMUNITY BOATING INC 21 DAVID MUGAR WAY BOSTON MA 02114 NONE CIVIC UNRESTRICTED GIFT 3500 FRIENDS OF THE PUBLIC GARDEN 87 MT VERNON STREET BOSTON MA 02108 NONE CIVIC UNRESTRICTED GIFT 1000 HAWAII PREPARATORY ACADEMY 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 96743 NONE CIVIC UNRESTRICTED GIFT 4500 NANTUCKET DREAMLAND FOUNDATION PO BOX 989 NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 5000 NATURE CONSERVANCY OF HAWAII 923 NUUANU AVENUE HONOLULU HI 96817 NONE CIVIC UNRESTRICTED GIFT 5000 NORTH HAWAII HOSPICE INC 65-1328 KAWAIHAE ROAD KAMUELA HI 96743 NONE HOSPITAL UNRESTRICTED GIFT 1500 PERKINS SCHOOL FOR THE BLIND 175 N BEACON STREET WATERTOWN MA 02472 NONE SCHOOL UNRESTRICTED GIFT 1000 RAVINIA 418 SHERIDAN ROAD HIGHLAND PARK IL 60035 NONE CIVIC UNRESTRICTED GIFT 500 ST ANTHONY 1907 FOUNDATION PO BOX 4633 CHAPEL HILL NC 27514 NONE CIVIC UNRESTRICTED GIFT 2000 STEPPINGSTONE FOUNDATION 155 FEDERAL STREET SUITE 800 BOSTON MA 02110 NONE CIVIC UNRESTRICTED GIFT 1000 US ROWING ASSOCIATION 2 WALL STREET PRINCETON NJ 08540 NONE CIVIC UNRESTRICTED GIFT 1500 AMERICAN RED CROSS 139 MAIN STREET CAMBRIDGE MA 02142 NONE CIVIC UNRESTRICTED GIFT 2000 CLINIC FOR THE REHABILITATION OF WILDLIFE 3883 SANIBEL CAPTIVA ROAD SANIBEL FL 33957 NONE CIVIC UNRESTRICTED GIFT 1000 THE FIELD MUSEUM 1400 S LAKE SHORE DRIVE CHICAGO IL 60605 NONE CIVIC UNRESTRICTED GIFT 250 JUSTINE MEE LIFF FUND 125 THE FENWAY BOSTON MA 02115 NONE CIVIC UNRESTRICTED GIFT 500 RIVER & ROWING MUSEUM MILL MEADOWS HENLEY ON THAMES OXFORDSHIRE UK RG91BF NONE CIVIC UNRESTRICTED GIFT 2500 PLANNED PARENTHOOD 434 WEST 33RD STREET NEW YORK NY 10001 NONE CIVIC UNRESTRICTED GIFT 5000 THE RED SOX FOUNDATION 4 YAWKEY WAY BOSTON MA 02215 NONE CIVIC UNRESTRICTED GIFT 3000 233300 0 14 4 14 193265 18 17939 0 211208 0 211208 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 5155 5155 0 PENOBSCOT CAPITAL INVESTMENT 156479 2075384 PPG INDUSTRIES 3854 206880 VERIZON 15658 84113 SARA LEE 2805 133760 CHEVRON CORP 11072 314592 BRISTOL MYERS SQUIBB 54352 100020 AMERICAN ELECTRIC POWER 17650 49716 CONSOLIDATED EDISON 36158 60360 JP MORGAN & CHASE & CO 62561 76245 DOW CHEMICAL 31324 93180 GENERAL ELECTRIC 4410 57270 DUKE REALTY CORP 51903 27680 FEDERAL REALTY INVESTMENT TRUST 54117 206388 HEALTHCARE PROPERTY 56868 114352 HOSPITALITY PROPERTIES TRUST 48362 37616 MACK CALI REALTY CORP 54464 43584 ROYAL BANK OF SCOTLAND SER L 99648 69960 EXXON MOBIL CORP 69823 122663 PFIZER INC. 108840 74358 SOUTHERN CO 69581 110643 AT&T CORP COM NEW 16211 183083 3M CO COM 69142 75969 NORTHEAST UTILITIES 22341 28340 NORTHEAST INVESTORS MUTUAL FUND AT COST 305067 233723 UNILEVER PLC SPONSORED ADR AT COST 69345 101182 GLAXO SMITHKLINE AT COST 70258 72782 AMERICAN FUND HIGH INCOME AT COST 186133 164580 EATON VANCE INCOME FUND AT COST 186133 168287 FIDELITY ADV HIGH AT COST 100000 98395 DWS HIGH INCOME PLUS FUND AT COST 186109 165906 ANNUAL REPORT 240 0 0 INVESTMENT FEES 21616 21616 0 FEDERAL EXCISE TAX 1354 0 0