2012-03-15T13:28:52-05:00 2011-05-31 STACK & STACK LLP 393 TOTTEN POND ROAD SUITE 303 WALTHAM MA 02451 990PF 2010-06-01 016009168 KING SPRUCE COMPANY KING 6172273111 50 CONGRESS STREET NO 410 BOSTON MA 02109 EUGENE H CLAPP III 6172273111 2012-03-07 1 GARY L STACK 7818903300 2012-03-07 2010 2016-02-24 21:20:13Z X 5230208 X X 4 4 195526 195526 23148 116746 23148 218678 218678 16000 16000 0 150 150 0 21085 21085 0 1500 0 0 185 0 0 38920 37235 0 227175 227175 266095 37235 227175 -47417 181443 -6 -5 -5 -35943 10238 10238 1241444 1197870 4161976 50025 1103045 1103045 1057999 2358565 2311148 5230208 0 0 X 2316891 2316891 0 0 41674 -5743 2358565 2311148 2358565 2311148 2358565 -47417 0 2311148 0 2311148 .88 SHS FRONTIER COMM CORP P 1984-02-15 2010-07-01 6 2 4 4 50000 SHS HSBC FINANCE CORP NOTE P 2001-05-31 2011-05-15 50000 50025 -25 -25 1 SH PENOBSCOT CAPITAL INVESTMENT INC. P 2010-06-22 32209 2698 29511 29511 664 SHS BANK OF AMERICA P 2002-03-25 2010-06-02 10549 21189 -10640 -10640 604 SHS JP MORGAN P 1999-08-25 2010-05-27 23982 19684 4298 4298 23148 0 224440 4596542 0.048828 285260 4514255 0.063191 241872 5929911 0.040788 175550 5853000 0.029993 191168 4299109 0.044467 0.227267 0.045453 4707628 213976 1814 215790 227175 X 1814 0 1814 0 1814 2300 1200 3500 1686 1686 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 4726406 52912 0 4779318 0 0 4779318 71690 4707628 235381 235381 1814 1814 233567 0 233567 0 233567 227175 0 227175 1814 225361 233567 226219 0 0 227175 226219 0 0 956 0 0 0 0 0 0 0 0 232611 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 6500 BEACON HILL VILLAGE 74 JOY STREET BOSTON MA 02114 NONE CHARITY UNRESTRICTED GIFT 1000 BOSTON ATHENAEUM 10 1/2 BEACON STREET BOSTON MA 02108 NONE CIVIC UNRESTRICTED GIFT 500 BOSTON SYMPHONY ORCHESTRA 301 MASSACHUSETTS AVENUE BOSTON MA 02115 NONE CIVIC UNRESTRICTED GIFT 4000 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 BROWN SAILING BOX 1877 PROVIDENCE RI 02912 NONE CHARITY UNRESTRICTED GIFT 500 BROWN UNIVERSITY BOX 1877 PROVIDENCE RI 02912 NONE SCHOOL UNRESTRICTED GIFT 500 CAPE COD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION 2240 LYANNOUGH ROAD WEST BARNSTABLE MA 02668 NONE SCHOOL UNRESTRICTED GIFT 2500 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 10000 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 15000 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 1000 HILL HOUSE 127 MOUNT VERNON STREET BOSTON MA 02108 NONE CIVIC UNRESTRICTED GIFT 1000 JOHN G SHEDD AQUARIUM 1200 SOUTH LAKE SHORE DRIVE CHICAGO IL 60605 NONE MUSEUM UNRESTRICTED GIFT 5700 THE EMERALD NECKLACE CONSERVANCY TWO BROOKLINE PLACE BROOKLINE MA 02445 NONE CIVIC UNRESTRICTED GIFT 500 KING'S CHAPEL 64 BEACON STREET BOSTON MA 02108 NONE CHURCH UNRESTRICTED GIFT 5000 KONA HOSPITAL FOUNDATION 79-1019 HAUKAPILA STREET KEALAKEKUA HI 96750 NONE HOSPITAL UNRESTRICTED GIFT 6000 MASSACHUSETTS GENERAL HOSPITAL 55 FRUIT STREET BOSTON MA 02114 NONE HOSPITAL UNRESTRICTED GIFT 500 MUSEUM OF FINE ARTS 465 HUNTINGTON AVENUE BOSTON MA 02115 NONE MUSEUM UNRESTRICTED GIFT 3000 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 4425 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 15000 NC THERAPEUTIC RIDING CENTER PO BOX 841 CARRBORO NC 27510 NONE CIVIC UNRESTRICTED GIFT 500 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 4000 ROGERSON COMMUNITIES 1 FLORENCE STREET BOSTON MA 02131 NONE CIVIC UNRESTRICTED GIFT 10000 SAFE PASSAGE 81 BRIDGE STREET SUITE 104 YARMOUTH ME 04096 NONE CHARITY UNRESTRICTED GIFT 500 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 9900 ST PAUL'S SCHOOL 325 PLEASANT STREET CONCORD NH 03301 NONE SCHOOL UNRESTRICTED GIFT 1500 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 20300 THE KONA HISTORICAL SOCIETY PO BOX 398 CAPTAIN COOK HI 96704 NONE CIVIC UNRESTRICTED GIFT 1000 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 HOSPITAL 55 FRUIT STREET BOSTON MA 02114 NONE HOSPITAL UNRESTRICTED GIFT 1000 WBUR 890 COMMONWEALTH AVENUE BOSTON MA 02215 NONE CHARITY UNRESTRICTED GIFT 1200 CAMP PASQUANEY 5 SOUTH STATE STREET CONCORD NH 03301 NONE CHARITY UNRESTRICTED GIFT 10000 HOME FOR LITTLE WONDERERS 271 HUNTINGTON AVENUE BOSTON MA 02115 NONE CHARITY UNRESTRICTED GIFT 1000 HORIZONS FOR HOMELESS CHILDREN 1705 COLUMBUS AVENUE ROXBURY MA 02119 NONE CHARITY UNRESTRICTED GIFT 1450 MARIMED FOUNDATION 45-022 LIKEKE PLACE KANEOHE HI 96744 NONE CIVIC UNRESTRICTED GIFT 2000 MUSEUM OF SCIENCE 1 SCIENCE PARK BOSTON MA 02114 NONE MUSEUM UNRESTRICTED GIFT 2500 NANTUCKET ATHENAEUM 1 INDIA STREET NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 500 NANTUCKET LAND COUNCIL 6 ASH LANE NANTUCKET MA 02554 NONE CIVIC UNRESTRICTED GIFT 1000 SQUASH BUSTERS 795 COLUMBUS AVENUE ROXBURY MA 02120 NONE CHARITY UNRESTRICTED GIFT 2500 TANZANIAN CHILDRENS FUND PO BOX 382006 CAMBRIDGE MA 02238 NONE CHARITY UNRESTRICTED GIFT 500 THE BOSTON FOUNDATION 75 ARLINGTON STREET 10TH FLOOR BOSTON MA 02116 NONE CIVIC UNRESTRICTED GIFT 1000 US OLYMPIC COMMITTEE PO BOX 7010 ALBERT LEA MN 56007 NONE CIVIC UNRESTRICTED GIFT 1000 VINCENT CLUB 71 BRIMMER STREET BOSTON MA 02108 NONE CHARITY UNRESTRICTED GIFT 11000 WILDCAT RIVER TRUST PO BOX 241 DUXBURY MA 02331 NONE CHARITY UNRESTRICTED GIFT 5000 AMERICAN UNIVERSITY 4400 MASSACHUSETTS AVENUE WASHINGTON DC 20001 NONE SCHOOL UNRESTRICTED GIFT 500 227175 0 14 4 14 195526 18 23148 0 218678 0 218678 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 0 0 0 LEGAL FEES 150 150 0 PENOBSCOT CAPITAL INVESTMENT 159177 1847891 PPG INDUSTRIES 3854 177400 VERIZON 15658 74599 SARA LEE 2805 125120 CHEVRON CORP 11072 335712 BRISTOL MYERS SQUIBB 54352 86280 AMERICAN ELECTRIC POWER 17650 49316 CONSOLIDATED EDISON 36158 53060 JP MORGAN & CHASE & CO 62561 99452 DOW CHEMICAL 31324 108390 GENERAL ELECTRIC 4410 58920 BANK OF AMERICA CORP 31911 11750 DUKE REALTY CORP 51903 30080 FEDERAL REALTY INVESTMENT TRUST 54117 183960 HEALTHCARE PROPERTY 56868 106232 HOSPITALITY PROPERTIES TRUST 48362 39488 MACK CALI REALTY CORP 54464 56576 ROYAL BANK OF SCOTLAND SER L 99648 77360 EXXON MOBIL CORP 69823 130213 PFIZER INC. 108840 72930 SOUTHERN CO 69581 96593 AT&T CORP COM NEW 16211 169098 3M CO COM 69142 84942 HEALTH CARE REIT INC 23108 26595 REALTY INCOME CORP 21432 28112 NSTAR 22347 27624 FRONTIER COMM CORP 1092 4283 NORTHEAST INVESTORS MUTUAL FUND AT COST 305067 250532 UNILEVER PLC SPONSORED ADR AT COST 69345 104418 GLAXO SMITHKLINE AT COST 70258 71709 AMERICAN FUND HIGH INCOME AT COST 186133 176488 EATON VANCE INCOME FUND AT COST 186133 174725 FIDELITY ADV HIGH AT COST 100000 106891 DWS HIGH INCOME PLUS FUND AT COST 186109 173236 ANNUAL REPORT 185 0 0 INVESTMENT FEES 21085 21085 0 FEDERAL EXCISE TAX 1500 0 0