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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10 )*
PHI, Inc.
 
(Name of Issuer)
Voting Common Stock
 
(Title of Class of Securities)
6933T 10 6
 
(CUSIP Number)
December 31, 2008
 
(Date of Event Which Requires Filing of this Statement)
     Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
      o       Rule 13d-1(b)
 
      þ       Rule 13d-1(c)
 
      o       Rule 13d-1(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 the disclosures provided in a prior cover page.
     The information required in 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).
 
 

 

                       
CUSIP No.
  
6933T 10 6 
 13G Page  
2 
   of   
7
Pages 

 

           
1   NAMES OF REPORTING PERSONS/I.R.S. Identification Nos. of Above Persons (entities only)
Woodbourne Partners, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Missouri
       
  5   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH 8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  223,765
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  7.8%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                       
CUSIP No.
  
6933T 10 6 
 13G Page  
3 
   of   
7
Pages 

 

           
1   NAMES OF REPORTING PERSONS/I.R.S. Identification Nos. of Above Persons (entities only)
Clayton Management Company
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Missouri
       
  5   SOLE VOTING POWER
     
NUMBER OF   223,765
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   223,765
       
WITH 8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  223,765
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  7.8%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

 

                       
CUSIP No.
  
6933T 10 6 
 13G Page  
4 
   of   
7
Pages 

 

           
1   NAMES OF REPORTING PERSONS/I.R.S. Identification Nos. of Above Persons (entities only)
John D. Weil
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Missouri
       
  5   SOLE VOTING POWER
     
NUMBER OF   223,765
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   223,765
       
WITH 8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  223,765
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  7.8%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                       
CUSIP No.
  
6933T 10 6 
 13G Page  
5 
   of   
7
Pages 
AMENDMENT NO. 10 TO SCHEDULE 13G
          The Reporting Person reported the acquisition of shares of Voting Common Stock (“Stock”) of PHI Inc., a Delaware corporation (“Issuer”), 2001 SE Evangeline Thruway, Lafayette, LA 70508, in an initial filing of this Schedule 13G on February 16, 1999. In this regard, Item 4 (as heretofore amended) is hereby amended as follows. All other items are unchanged from the initial filing, as amended.
Item 4. Ownership.
                         
                    Weil
            Clayton   (sole director and
            (general partner   shareholder of
    Woodbourne   of Woodbourne)   Clayton)
(a) Amount beneficially owned:
     223,765       223,765       223,765  
 
                        
(b) Percent of Class:
     7.8 %     7.8 %     7.8 %
 
                        
(c) Number of Shares as to which the person has:
                        
 
                        
(i) Sole power to vote or direct the vote:
     -0-       223,765       223,765  
 
                        
(ii) Shared power to vote or direct the vote:
     -0-       -0-       -0-  
 
                        
(iii) Sole power to dispose or to direct the disposition of:
     -0-       223,765       223,765  
 
                        
(iv) Shared power to dispose or to direct the disposition of:
     -0-       -0-       -0-  
Percentage figures are based on 2,852,616 shares outstanding as of the company’s most recent 10-Q filing with the SEC.

 

 

                       
CUSIP No.
  
6933T 10 6 
 13G Page  
6 
   of   
7
Pages 
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.
             
 
  Dated: February 10, 2009   WOODBOURNE PARTNERS, L.P.,    
 
            
 
      by its General Partner, CLAYTON
MANAGEMENT COMPANY		    
 
            
 
      /s/ John D. Weil
 
    
 
      John D. Weil, President    
 
            
 
  Dated: February 10, 2009   CLAYTON MANAGEMENT COMPANY    
 
            
 
      /s/ John D. Weil
 
    
 
      John D. Weil, President    
 
            
 
  Dated: February 10, 2009   /s/ John D. Weil
 
    
 
      John D. Weil