This Amendment No. 4 to Schedule 13D amends the Amendment No. 3 to Schedule 13D filed on February 14, 2008 by The Clark Estates, Inc., a New York corporation with its principal business address and principal office at One Rockefeller Plaza, 31st Floor, New York, New York 10020 (the "Reporting Person"), that relates to shares of common stock of TRC Companies, Inc., a Delaware corporation with its principal executive offices at 21 Griffin Road North, Windsor, Connecticut 06095 (the "Issuer"). Capitalized terms used herein shall have the meaning set forth in the Schedule 13D, dated March 15, 2006.
Item 5 is hereby amended as follows:
ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER |
(a) The 5,773,561 of Common Stock beneficially owned by the Reporting Person as of October 1, 2010 which are held of record by Federal Partners, constitute approximately 21.43% of the outstanding shares of the Common Stock (after giving effect to the automatic conversion on December 1, 2010 of the 7,290.302 shares of outstanding Series A Convertible Preferred Stock of the issuer into an aggregate of 7,290,302 shares of Common Stock). Stephen Duff, an executive officer of the Reporting Person and a director of the Issuer, beneficially owns 86,065 shares of Common Stock, which includes the right to acquire 34,000 shares of Common Stock through the exercise of options and 9,620 shares of Common Stock held pursuant to the Issuer's Director's Deferred Compensation Plan. Kevin Moore, an executive officer and di rector of the Reporting Person, owns 1,000 shares of Common Stock. Such shares and vested options together constitute less than 1% of the outstanding shares of Common Stock. The Reporting Person disclaims beneficial ownership of these shares.
(c) On June 1, 2009, the Reporting Person acquired 3,270.930 shares of Series A Convertible Preferred Stock of the Reporting Person (the "Shares") in a private placement transaction. The Shares will automatically convert into an aggregate of 3,720,930 shares of Common Stock on December 1, 2010. These shares of Common Stock are deemed beneficially owned by the Reporting Person from and after October 1, 2010 in accordance with SEC Rule 13d-3(d).
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.
| THE CLARK ESTATES, INC. | |
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| By: | /s/ Kevin S. Moore | |
| | Name: Kevin S. Moore | |
| | Title: President | |
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