Nathaniel M Gorton Financial Disclosure Report for 2010

August 1,2011Bobby R. Baldock, Chair Judicial Conference of the United States Committee on Financial Disclosure One Columbus Circle, N.E. Washington, D.C. 20544 Re: My Calendar Year 2010 Filing Dear Mr. Baldock: This is in response to your letter dated July 25, 2011 concerning my 2010 filing. With respect to the substantive changes inquired about on page 2, I notice that the four items questioned all relate to stock holdings in the charitable remainder trust of which I am only an income beneficiary. For as many years as I can remember, I have entered information with respect to that trust in the same way. I do not report the gross value at the end of reporting period ( Column C ) because, as stated in the Additional Information Or Explanations section, assets in that trust do not belong to me and are not properly included in my financial portfolio. I report income from the charitable remainder trust in Column B because my wife and I receive income from that trust but I submit it would be inappropriate to report the gross value of stocks added to that trust during the relevant calendar year because the value of those stocks is not part of my estate. Thus, I respectfully suggest that the Form be accepted as is because otherwise it would misrepresent my financial standing. I have noted, as you suggest on page 1 of your letter, that in preparing future reports I am to include all reportable information in Parts I - VII rather than in part VIII. My Judicial Assistant will help me to report the information properly in the future. If you or somebody at the AO would like to discuss the matter further with me, please call me at 617-748-9247. Very truly yours, Nathaniel M. Gorton NMG/seh Gorton, Nathaniel M. AO 10 Rev. 1/2011 FINANCIAL DISCLOSURE REPORT FOR CALENDAR YEAR 2010 2. Court or Organization District Court - Massachusetts 5a. Report Type (check appropriate type) ] Nomination, [] Initial Date [] Annual [] Final Report Required by the Ethics in Government Act ofl978 (5 U.S.C. app..~;~" 101-111) i. Person Reporling (last name, first, middle initial) Gorton, Nathaniel M. 4. Title (Article Ill judges indicate active or senior status; magistrate judges indicate full- or parl-time) 3. Date of Report 05/09/2011 6. Reporting Period OI/OI/2010 to 12/31/2010 U. S. District Court - Active 5b. [] Amended Report 7. Chamber~ or Office Address United States District Court I Courthouse Way, Suite 3110 Boston, MA 02210 8. On the basis of the information contained in this Report and any modifications perlaining thereto, it is, in my opinion, in compliance with applicable laws and regulations. Revievdng Officer Date IMPORTANT NOTES: The instructions accompanying this form must be followed Complete ali parts, checking the NONE box for each part where you have no reportable information. ~qign on last page. I. POSITIONS. (Repo.i.g inaiviauol only; s. p,. 9-13 of filing instructions.) D I. 2. 3. 4. 5. NONE (No reportable positions.) POSITION See Attachment # 1 NAME OF ORGANIZATION/ENTITY II. AGREEMENTS. ~,~,o.i., individual only; seepp. 14-16 of filing instructions.) ~] NONE (No reportable agreements.) DATE PARTIES AND TERMS Gorton, Nathaniel M. A FINANCIAL DISCLOSURE REPORT Page 2 of 8 Name of Person Reporting Gorgon, Nathaniel M. Date of Report 05/09/201 I III. NON-INVESTMENT INCOME. (Reporting individual andspouse; seepp. 17-24of filing instructions.) A. Filer’s Non-Investment Income [~ NONE (No reportable non-investment income.) DATE I. August 19 SOURCE AND TYPE Slade Gorton & Co., Inc. (Closely held~ seafood business) corporate clerk/secretary, director, custodian, trustee and accounting duties INCOME (yours, not spouse’s) $ I 0,000.00 B. Spouse’s Non-Investment Income - if ).ou were married during any portion of the reporting year, complete this section. (Dollar amount not required except for honoraria.) NONE (No reportable non-investment income.) DATE I. 2. 3. 4. SOURCE AND TYPE IV. REIMBURSEMENTS -- ,ransportation, lodging, food, entertainment. (Includes those to spouse and dependent children; see pp. 25-27 of filing instructions.) D NONE (No reportable reimbursements.) SOURCE New York Intellectual Property Lawyers Association DATES LOCATION PURPOSE ITEMS PAID OR PROVIDED reimbursement for lodging and travel by train~ : rom Boston to NYC to attend annual N.Y.I.P,L.A. dinner 3/25/10 at Waldorf Astoria 3. 4. 5. FINANCIAL DISCLOSURE REPORT Page 3 of 8 Name of Person Reporling Gorton, Nathaniel 51. Dale of Report 05/09/201 I V. GIFTS. anclude~ ,hoso to ~po,,~e ond d,pend, n, children; sce pp. 28-31 of filing instructions.) NONE (No reportable gifts.) SOURCE I. 2. DESCRIPTION VALUE 3. 4. 5. VI. LIABILITIES. anctude~ those o~’~pouso a,d depe,dc, t children; see pp. 32-33 of filing instructions.) NONE (No reportable liabilities.) CREDITOR 1. 2. 3. 4. 5. DESCRIPTION VALUECODE FINANCIAL DISCLOSURE REPORT Page 4 of 8 Name of Person Reporting Gorton, Nathaniel 51. Date of Report 05/09/2011 VII. INVESTMENTS and TRUSTS - income, ralue, transactions (Includes those o.t’spouse and dependent children; seepp. 34-60 of filing instructions.) NONE (No reportable income, assets, or transactions.) A. Description of Assets (including trust assets) Place "(X)" after each asset exemp’t from prior disclosure B. Income during reporting period (l) Amount Code I (A-H) (2) Type (e.g., div., rent, or int.) C. Gross value at end of reporting period 0) Value Code 2 (J-P) (2) Value Method Code 3 (Q-W) (I) Type (e.g., buy, sell, redemption) D. Transactions during reporting period (2) (3) ] (4) Date Value i Gain mm/dddyy Code 2 [ Code I (J-P) ] (A-H) [ (5) Identity of buyer/seller (if private transaction) I. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. SG Seafood Holdings, Inc. (a MA corporation) (common stock) Fidelity Cash Reserves (individual) Fidelity Money Market Accounts (POA,trustee)(Att# I,¶4) Charitable Remainder Trust Costco Wholesale Corp. Proctor & Gamble Co. A T & T, Inc. JPM Chase Cap Procter & Gamble Co. Pepsico, Inc. AT &T, Inc. Eaton Vancr Corp. Cisco Systems Inc. HCP, Inc. Exelon Corp Boston Financial Management, Inc. IRA N YTelephone G A A Dividend Dividend Int./Div. N J L Q T T See Section VIII See Section VIII Sold Sold Buy Buy Sold Sold Sold Sold Buy Buy Sold 02/02/I 0 02/02/I 0 02/04/10 02/04/10 02/04/I 0 02/04/10 06121/10 07/01/10 I 1/12/10 12/13/10 12/13/10 J J J J J J J J J J J C B B C None PI Sold 01115/10 I. Income Gain Codcs: ( See Columns B I and Dd ) 2. Value Codes ( See Columns C I and D31 3. Value Method Codes (See Column C2) A = $ 1,000 or less F -S50.001 - $ 100,000 J =$15.0~0 or less N =$250.001 - $509,000 P3 =$25.00~.001 - $50.0(~).000 Q =Appraisal U =Book Value B -$1.001 - $2,500 G :$ 100,001 - $1,000.000 K =$15.001 - $ 50.000 O = $500.001 - $1,000,000 R =Cost (Real Eslale Only) V =Other C =$2,501 - $5,000 H I =$1,000.001 - $5,000,000 L -$50,001 - $ 100.000 P l =$ 1,000.001 - $5,000.000 P4 -More than $50,0~0,0~0 S =Assessment W =Estimated D =$ 5.001 - $15,000 H2 = More than $5,000,000 M -$ 100,001 - $250,000 P2 =$5.090,001 - $25,000.00~ T -Cash Mark¢l E =$15,001 - $50,1"~0 FINANCIAL DISCLOSURE REPORT Page 5 of 8 Name of Person Reporting Gorton, Nathaniel 51. Date of Report 05/09/2011 VII. INVESTM ENTS and TRUSTS - incomep value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.) NONE (No reportable income, assets, or transactions.) Description of Assets (including trust assets) Income during reporting period Gross value at end of reporting period Transactions during reporting period O) Place "(X)" after each asset exempt from prior disclosure Amount Code I (A-H) (2) Type (e.g., div., rent, or int.) (t) Value Code 2 (2) Value Method 0) Type (e.g., buy, sell, (2) (3) (4) Date Value mm/dd/yy Code 2 (5) Gain Code 1 Identity of buyer/seller (.I-p) Code 3 redemption) O-P) (A-~) (Q-W) 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. Anadarko Petroleum Corp. Emerson Electric Co. Johnson & Johnson Staples, Inc. Walgreen Co. A T& T, Inc. General Electric Capital Corp. JPM Chase Cap. Wells Fargo Capital General Electric Capital Corp. Wells Fargo Capital Chubb Corp. Staples, Inc. Eaton VanceCorp. Netapp, Inc. Novarfis Cap Corp. HSBC Holdings PLC ADR Sold Sold Sold Sold Sold Buy Buy Buy Buy Buy (add’l) Buy (add’l) Buy Sold (part) Sold Buy Buy Buy 02/02/I 0 02/02/10 J J A B C C A (ifpriva*e n"ansaction) 02/02/10 J 02/02/10 02/02/10 02/04/I 0 02/04/I 0 02/04/10 02/04/I 0 02/05/10 02/05/10 02/08/I 0 02/08/10 07/07/10 IO/OI/lO 10/05/10 I0/08110 J J J J J J J J J K K J K K I. Income Gain Codes: {See Columns BI and I)4) 2. Value Codes (S¢c Columns C I and D3) 3. Value Method Code:; LSce Column C2) A -$1.0~O or less F =$50.001 - $100.000 J-$15,0~O or le~s N =$250.1Kq - $500,00~ P3 $25.0OO.001 - $50,0{)0.000 Q =Apprai~l U =Book Value B =$1.0~ I - $2.500 G =$100,001 - $1,009.00~ K =$15.0~1 . $50,0OO O =$50(I,001 - $ 1,000,00~ R =Cost (Real Estale Only) V =O~her C =$2.501 - $5,000 H 1 =$1,0(KI.001 - $ 5,0{~,0~ L =$50.0OI - 5100.000 PI =$1,000.001 - $5,090,0(~ P4 -More than $50,000.000 S =Assessment W =Estimated D =$5,001 - $15,0~0 H2 =More than $5,000.000 M =$ 100.001 - $250,0~ P2 =$5,090,0~1 T =Cash Market E =$15,001 - $50.000 FINANCIAL DISCLOSURE REPORT Page 6 of 8 Name of Person Reporting Gorton, Nathaniel M. Date of Report 05/09/2011 V I I. I N V E S TM E N T S a n d T R U S T S -ineo,,e, ,’alae, transactions (Includes those of spouse and dependent children; see pp. 34-60 of filing instructions.) NONE (No reportable income, assets, or transactions.) Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure Income during reporting period (1) (2) Amount Type (e.g., Code I div., rent, (A-H) or int.) Gross value at end of reporting period Transactions during reporting period (t) Value Code 2 (J-P) (2) Value Method Code 3 (Q-W) Type (e.g., buy, sell, redemption) (2) (3) (4) Date Value Gain mm/dd/yy Code 2 Code I (j-p) (A-I~ (5) Identity of buyer/seller (if private wansaction) 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. Automatic Data Processing, Inc. Amer Express Cr Mm Novo-Nordisk AS ADR-B Citrix System, lnc. Boston Financial Management, Inc. revocable trust Northern Trust Corp. United Parcel Service, Inc. United Technologies Corp. Air Products & Chemicals. Inc. Peabody Energy Corp. Boston Financial Mangement, lnc. revocable trust ! Peabody Energy Corp. A Interest T B Int./Div. T B Int./Div. T Sold Buy Sold Sold 10/08/10 10/20/10 11/12/10 11/12/10 K K K J D B See Section VIII Buy Buy Buy Buy Buy 04/07/i 0 04/07/I 0 04/07/10 04/07/I 0 06/02/10 J J J J See Section VIII Buy 06/02/I 0 47. Bank of America 1. Income Gain Codes: (See Columns B I and IM) 2. Value Codes (See Columns C I and D3) 3. Value Method Codes (See Column C2) A =$1,000 or less F =$50.001 - $100.000 J =$15,000 or less N =$250.001 - $500,000 P3 =$25,000,001 - $50,000.000 Q =Appraisal U =Book Value B =$1,001 - $2,500 G =$100.0~1 - 11,000.000 K $15.001 - $50.000 O -$500,001 - $1,000.00O R =Cost (Real Estate Only) V -Other C =$2,501 - $5,000 HI =$1,00~.001 - $5,009,0~) L =$50,001 - $100,000 PI =$1,000,001 - $5,000,000 P4 =More than $50,000,000 S =Assessment W =Estimated D =$5,001 - $15,000 H2 =More than $5,000,0~ M =$100,001 - $250,000 P2 =$5,000,001 - $25,000,000 T =Cash Market E =$15,001 - 550,000 FINANCIAL DISCLOSURE REPORT Page 7 of 8 Name of Person Reporting Gorton, Nathaniel M. Date of Report 05/09/201 I VIII. ADDITIONAL INFORMATION OR EXPLANATIONS. ~lnaicateparto/report.) Line I - During 2010 Slade Gorton & Co., Inc., a Massachusetts corporation ("the Company") changed its corporate structure by creating a new holding company, SG Seafood Holdings, Inc. ("Holdings"). The reporting party owns the same proportion ofstock in Holdings as he had owned shares in the Company. Income of the reporting party reported in Section VII is attributable to his pro rata share of the income of Holdings which is taxed as an S corporation whereby all corporate income is deemed passed through and taxable to the individual stockholders whether or not such income is, in fact, distributed. The value ofthe stock holdings is appraised biennially by a certified financial analyst. Line 4 - in 1997 the reporting party~’] funded a charitable remainder trust of which they are the income beneficiaries for life but in which they retain no right to principal. Lines 4, 16, 39 and 45 - The assets listed on these lines (and the transactions noted in the lines that follow) are managed by Boston Financial Management, Inc., Boston, MA and consist of stocks and bonds in publicly held companies and equity holdings based on indices listed in Attachment #2. FINANCIAL DISCLOSURE REPORT Page 8 of 8 Name of Person Reporting Gorton, Nathaniel 51. Date of Report 05/09/2011 IX. CERTIFICATION. ! certify that all information given above (including information pertaining to my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was withheld because it met applicable statutory provisions permitting non-disclosure. I further certify that earned income from outside emplo)anent and honoraria and the acceptance of gifts which have been reported are in compliance with the provisions of 5 U.S.C. app. § 501 et. seq., 5 U.S.C. § 7353, and Judicial Conference regulations. Signature: S/Nathaniel M. Gorton NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY FALSIFIES OR FAILS TO FILE THIS REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (5 U.S.C. app. § 104) Committee on Financial Disclosure Administrative Office of the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544 Financial Disclosure Report Nathaniel M. Gorton May I, 2011 Attachment #i I. Positions Position Name of Orqanization/Entit¥ Stockholder, Clerk/Secretary Slade Gorton & Co., Inc., Boston, MA (closely held and Director ~i:i’i~ii~il.i’~i!i~i~ seafood business) a MA corporation and successor of Rocky Bay Trust, a MA Business Trust, which formerly owned all of the stock of the Corporation o Clerk and Director Cambridge Animal Aid, Inc. Floral City, FL (non-profit animal aid organization managed by reporting party’s o Member of the Corporation The New England Home for Little Wanderers, Boston, MA (non-profit, private child welfare agency) NOTE: None of the beneficiaries of the following trusts and accounts of which the reporting party is a trustee (or holds a power of attorney) is a dependent of the reporting party and neither the reporting party nor his spouse has any beneficial interest in or control over the disposition of assets of such trusts and accounts. o Power of Attorney/Trustee Fidelity money market accounts (for all stockholders of Slade Gorton & Co., Inc.,all of ............... par ty) ...... of reporting Trustee Irrevocable Trust (created in connection with the estate plan of the reporting party’s Trustee 1989 Irrevocable Trust and Irrevocable Sub S Trust (both created in connection with the estate plan of reporting p a r t y’ s ~~i] Financial Disclosure Report Nathaniel M. Gorton May 1,2011 Attachment #2 All of the listed holdings are of common stock unless otherwise noted. Abbott Labs (stocks & bond) Air Products & Chemicals, Inc. American Express Co. (stocks & bond) Anadarko Pete Co. A T & T, Inc. Automatic Data Processing, Inc. Avalonbay Communities, Inc. Avon Products, Inc. (bond) Chubb Corp. Cisco Corp. Citrix Systems, Inc. Coca Cola Co. Costco Wholesale Corp. CVS Corp. Devon Energy Corp. Dodge & Cox FDS Intl Stk Fund Emerson Electric Co. Exelon Corp. Exxon-Mobile Corp. Fedex Corp. Federal Home Loan Bank (bond) Federal Home Loan Mortgage Corp. (bond) Financial Select Sector SPDR/ETF General Electric Capital Corp. (pfd) Georgia Power Co. (bond) Google Inc. HCP, Inc. HSBC Holdings PLC ADR Hewlett Packard Co. (bond) IBM Int’l Group (bond) JPM Chase Capital (pfd) Johnson & Johnson Lowes Companies, Inc. National Rural Utilities (bond) Netapp, Inc. Nextera Energy Corp. * Nike, Inc. Novartis Capital Corp. (bond) Northem Trust Corp. Novo-Nordisk AS ADR-B Peabody Energy Corp. Pepsico, Inc. Pitney Bowes, Inc. (bond) Powershares Global Water Portfolio Procter & Gamble Co. RPM, Inc. (Ohio) Royce Fund Penn Mut Inv SBC Communications, Inc. (bond) Sigma Aldrich Corp. SPDR Gold Trust Stryker Corp. Target .Corp. Teva Pharmaceutical Industries, Ltd. United Parcel Service, Inc. United Technologies Corp. Vodafone Group, Inc. Walgreen Company WalMart Stores, Inc. (bond) Wells Fargo Capital (pfd) Western Union Co. Equity holdings based on indices: IShares, Inc. Morgan-Stanley Capital Int’l (MSCI) Pacific Rim ex-Japan Index IShares, Inc. MSCI Emerging Market Index IShares, Inc. Russell 2000 Index IShares Tr EAFE Index *on 6/3/10 FPL Group, Inc. changed its corporate name to Nextera Energy Corp. Documents Similar To Nathaniel M Gorton Financial Disclosure Report for 2010Skip carouselcarousel previouscarousel nextHelvering v. 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