Professional Documents
Culture Documents
R~. t,olo
I. Person Reporting (last name. first, middle iv, itial) Clifton, Richard R. 4. Title (Artitzl ]11 judge~ indicate active or senior status; magls:trate judges indicate full- or part-time) U.S. Circuit Judge - Active
[] lnit,al
I 5b. [] Amended Report 7. Chambe~ ~r Office Address 999 Bishop Street. Suite 2010 Honolulu, Ha~,aii 96813 ~ 8. On the basi~ oflhe i~*form~tion contained in thi~ Report ~nd an) modifications pertaining thereto, it is, in m3. opinion, in compliance with ~pplicah|e law~ and regulations. Reviewing Officer Date
1AIPORTAzVT NOTES: The instructions accompan)ing this form must be followed. Complete all parts, checking the NONE box for each part where you have no reportable infi~rmation. Sign on last page.
1---1
I.
Director
2. 3 4.
5.
Hawaii Public Radio Hawaii Womens Legal Foundation Ninth Judicial Circuit Historical Society
Tr~sts #1 - #3
il. AGREEMENTS. ( Reporting individual only; ,~e pp. 14-16 of f!ling i ....... ion,.)
~ NONE (No reportable agreements.) DAT~
I. 01101i95 2.
co
~"~, ,.
Cades Schutte Fleming & Wright Partnership Resolutions Oncluding retirement ter~no
Clifton, Richard R.
~COME
(yours, not spouses) $1 .U00 00
4.
B. Spouses Non-I nvestment Income - t/yo. w,re married during an) portion of the reporting year. complete this rection.
(Dolior amount not required except for honoraria.}
[~
1. 2009 2. 3 4.
DATES
March 4-5. 2009
LOCATION
San D~ego. CA
PURPOSE
Teaching in Jm~st in Residence ~rogram
2. 3. 4. 5.
c~irto.,
V. G 1 FTS. a,,~t,,d,,, ,ho,.to ~ ...... d dependent ,hildrer,; see pp. 28-31 of filing instructions.)
NONE (No reportable g~s.) SOURCE
l, 2. 3
4.
DESCRIPTION
VAI.UE
5.
I.
2. 3.
4.
5.
D~te of Rcpori"
c~ .o.,. aachara R.
05,0U20~0
Income during
T~nsactitms dunng rcpoOmg period " I T~ (e g.. buy, sell, Dale l mmidNyy Va uc Ga n Code 2 Idenlity of
Amount Code I
Interest
2. 3. :: 4 i5 i 6.
First Hay, allan Bank checking Hawaii Central Crcd*| Union Uni\, ofHa~a,i FCU Goodyear common Hawaiian Electric Industries common
A A C
K J I.1 J K
T "[ T T T i
Dividend
Brokerage acct #1 ~
9. 10
None None
Dividend
J K
"1" T
I I. -- IBM common 2 13 1.1 15. N,vrixIS Cash Mgtmt Tn~st -- Real Networks common -- Morgan Stanley Bank
None A Interest
J J
T T
Di,,idcnd
16. 17.
A A
Dividend Dividend
K K
T T
l N ....
if ..... R,tportinl
Clifton, Richard R.
I
~ ....
Transactions dunng re~mng ~nod ~y~[eg. buy. sell. redemption) [ Date Value Ga,n / mmtdd.~) C~e 2 C~c I / (A.I[) (JP) Id~i~yof buyer~llcr t~n~ct~nn)
18.
Di**dend
19.
20. Brokerage acct #2 ~1
21,
22.
None
None
J
J
T
T T T K E (part)
A A J
K K 12/01i09
[ I
28.
-- lntel common
Dwidend
29.
30. 31, 32.
-- Microsoft corrtmon
-- Templ~ton Growth Fund cla~s A -- Charles Schwab Money Market Fund
A
~, A
Dividend
Dividend Dividend
.1
L J
T
"f T [
33.
None None
K K
T T
N ....
fP ..... R~:purting ,
Clifton, Richard a.
05,1)u2010
VI 1. INVESTMENTS and TRUSTS - i ........ ~.,,~ ..... ao,, t~ct, a,s t~o~, o/~ ..... a dependent children; see pp. 3~-60 of filing instructions.)
~
...... ~ ............
Description of Assc~s (including t~st ~se~) Place h exempt from prior discl~u~
~
Income dunng re~ning ~n~
~: ......
Gross value at end of rc~mng pcdod Idenlily of buyl/~ller (ffpnvate
...................... ....
35.
~ Amount Ty~ eg. Val~ Value ~ T~ (e g, ~~ Dale ~lValuc Gain C~ I di ......... C~e 2 ] Me~ [ buy. sell. :~ .... d~y) [C~c 2 Cc~c I (A-It) or ~nt ) (J-P) ~ Code 3 redcmplior.) ~ lJ P) ~A-tl)
Brokerage acct g4 --1 -- Charles Schwab Money Market Fund A Dividend Closed 4q5,09
Dividend
Brokerage acct #5 ~ -- Charles Schwab Money Market Fund A Dividend Closed 4:15/09 J
Dividend
-- Berkshire I|atha~,ay Class A -- Charles Schv,ab Money Market Fund -- Lake City Bank CD
None
A B
Dl~idend lnt./Div.
fP .....Reporling
Dale of Report
..~,,., .......,o~, ctm-t,a,s ~o.,.e of ~p ...... a d~pendent children; ~ee pp. J4-60 t~f filing i ......
52. 53.
None None
Exp~cd Expired
01/30/09 O] 30,,09
54. 55.
56.
None
PI
-- Oppenheimer Main Street Small Cap Func -- American Funds Investment Co of America IHR-10) -- Ar0erican Funds Wash Mutual Invs -- PIl~COTotal Return- A (ItR-I0) -- Guaranteed Income Fund
i60.
61. 62.
63. 64. 65.
Northwesm Mutual whole life Norlhwesln Mutual extra ordmar~ life ~lidland National whole life
L N1
T I
.66.
67. Yrust~l--] None O Y
68.
05..01i2010 I
a a~?,~a,~, children; see pp. 34-60 of filin.g instruttions.)
~ .......... ,i..~ tt.ct~a.~ 1ho~ o/~ ...... VII. INVESTM ENTS and TRUSTS - i ......... NONE (No income, assets, transactions.) or ~
Desc~ption of Assets (including t~st ~se~) Place(X)" after each asset cxempt from prior di~l~ure ........................ : ...... 69. -- Cullen High Di~id Eq Fd CI I ] Incon~c during rc~aing period Gross ~alue .~ of reposing period ] Value Me~ C~e 3 :
Amount] T~e (eg.. [ Value Code 1] div., renl. C~e 2 (A-H) or int.) (J-P) , .......
I m~.d~y> ; C~c 2
:; (J-P)
Date ~ Value
70. 71.
72.
7/6/09 4/I.1/09
4/14,09
K J
J
73.
74. 75.
76. 77. 78.
Buy laddi)
4/I 4;09
Buy (addl)
4/14/09
79. 80.
-- JPMorgan Multi-cap Mkt Neutral Fd -- JPblorgan Small Cap Equity Fund -- JP~orgall Tr thf.hbrldge Star Mkt Ncut Fd
Sold (pan)
4/14/09
82 83 84
-- Dodge & Cox I-ds Intl Slk Fd -- lshares MSCI All Cnrry. Asia Ex Jap Fd -- JPMorgan Asia Equffy Fd
70,09 7/7/09
85.
A -$l.00Oot less
B -$1.001 - $2.500
C :$2.501 SS,0fr3
D ,$5.001 - $1S,OOO
Page 9 of 15
VI 1. INVESTMENTS and TRUSTS -i ........
Richard R.
[
05,01/2010
tions tlncludet those o]sp ...... d dtpenaent children; set pp. 34.60 of filing in,tructlons.) ~.,, tr ....
86
Buy
716,~9
-- T Rowe Price Intl Fds New Asia Fd -- lshares Tr US Treat Indt Prot Fd --Ishares Tr Barclays Tips Bd Fd -- Goldman Sachs Tr High Yld Fd Instl -- JPMorgan Strat lncm Oppys Fd Sel -- JPblorgan High Yield Bond Fund Select -- JPMorgan Short Duration Bond Fd -- Vanguard Fx Inc Sec Tm Invt Grd Buy 4/14/09 K Buy Boy Bny laddll 4/14/09 414.09 4/I 409 J J J Sold 7,0109 K A
98 99
100. 101.
N,anc
4;14/09 4"1409
7/6/09
104. - lshares MSCI All Cntry Asia Ex Jp Fd 105. --lsharcsRussellM~dcaplndexFd 106. --IsharesTrS&PSmaIIcap6001ndex Funde 107, -- lshares Tr S&P 500 Index Fd 108. -- Ivy Large Cap Growth Fd CI 1 109. -- JPMotgan Asia Equity Fd I10 -- JPMergan Htghbridge Star Mkt Neut Fd I I I. -- JPMorgan lntrnl Eqmty Index 12. -- JPMorgan Intrepid America Fd
113. --JPMorganlntrepidlntl FdSelect 14. -- JPMorgan Muhi-cap Market Neutral Fd II5 -- JPMorgan US Large Cap Core Plus
Sold !parl) Buy Sold Sold (part) Buy (addl) Buy (addl) Buy (addl) Buy
Sold
4/14/09
116. --JPMorganU~ RcM Estate Fund 117. -- T Rowe Price lnt FdsNewAsiaFd
18. --Ishares T[ Barclay Ttps Bd Fd 19. -- Goldman Sachs Tr High Yield Fd lnstl
Dale
Richard R.
n i,,, t ...... ons Includes those oJ *~ ..... d aep,nd ..... httdren: se, pp. S4-60 o/f!ting i ..... tion~)
.................................... ~ ...... Description of Asse~ (including t~st as~ts) Place"(X)" a~er each asset
~g7 ............
Da~e ] Value ~ Gain mmd~vy[ Code 2 Code I Identity of buyer/seller
................
120 -- JPNlorgan High Yield Bond F~d
I~m
122 -- JPg4organ Short Duration Bond Fd 123 -- JPM0rgan I Strat Incm Oppys Fd Sel
L J K
124. -- Vanguard Fx Inc Sec [nt Rm Invt Grd 125, t26. Trust #3 lIRA) None 0 T
Sold Sold Sold (part) Buy {addl) Sold (part) Buy (addl) Sold (part)
K J J
131. -- lshares IvlSCI All Cntrv Asia Ex Jap Fd ; 132 -- lsha~es Russell Midcap Growth Index Fd ! 133 1134 " 135 : -- lshares Russell Midcap Index Fd --lsharesRusselll000Growthlndex
J J J
136
4~14,09
IN ....
f~.,,-,o. R.po.i.~
Clifton, Richard R.
,.~..,, .......
~o.,- (Inctudes those of s~ ..... d dependem childrem *e, pp. 34-60 of filing
NONE
Descripnon {including t~st ~ssets~ P hoe "(X)" after each ~<set .... pl ~om prior di~l ..... ......
t.
C~c2
[ Me~od I
buy.~l.
137. -- JPMorgan D~versitied Mid (~ Growth Fd 138 -- JPMorgan Growth Advantage Fd Select
Sold (pan)
4,tl409
139. -- JPMorgan tlighbridge State Mkt Neut Fd 140. -- JPMorgan International Value Fd 141. -- JPMorgan lntrepid America Fund i42.
4,14/09 4114~09
J J
~ i43. -- JPMorgan US Large C~p Core Plus Select 144 -- JPMorgan US Real Estate Fund Sold (part) Sold Buy (addll Buy Buy Sold Sold (part) Sold Buy 4/14;09 4,,14!09 4!14/09 J J J
145.
146. -- JPMorgan Short Duration Bond Fund Select Class 147. --JPMorganSIratlncmOppy5 FdSel 148. -- Manning & Napier New World Oppys A
J K J J ,J
~49. -- T Ro,,,e Price lntl Fds New Asia I-d 150 -- SPDP. lr |Jnit Set I
151. --FtdeliryAdvisorSerl]HighlncomeAdv Fd 152. -- Goldman Szchs Tr High Yld IFd Instl 153. --lsharesBarclaysTipsBdFd
c~ifto., Richard R.
0~,0~,~0~0
.t.~., ...... ,io,~ (Includes tho,e qsg ......d dependent children; ~t pp. ~4-60 ofliling instructions.)
B. Incumc during reposing ~ri~d C. Gross value ai end - ........... . D- ....................... T~ansat~ion~ during rcpc,~ing ~riud
Idcn~t)of buyc~sellc~
Date
clmon, Richard a. I
05,(1112010
--1
VII Investments and Trusts Pan VII, lines 51-53. As reported in last .,ears fthng, Agence 2 I. Inc. filed for bankruptcy protection in January 2009, with no distribution Io shareholders, That investnlcnt v, as related to investments in MAAS Intck and RepNet. b~th of whom 1 believe to be defunct and probably have bccn Ibr yeats. 1 have not been able to obtain more precise information and ha,c now recognized the invcstmcnl~ as worthless.
[ Dale olRcport
Page 1 5 of 15
IX. CERTIFICATION.
cliftor,, mchard a.
05"0In010
I certify thai 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 *vas wilhhehl because it met applicable statulory. provisions permitting non-disclosure. i further certify that earned income from outside employment and honoraria and the acceptance of gifts v, hich 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 regulalions.
Signature_
NOTE: ANY INDIVIDUAL WllO KNOWINGLY AND WILFULLY FALSIFIES OR FAILS TO FILE Tills REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (5 U.S.C. app. 104)
FILING INSTRUCTIONS Mail signed original and 3 additional copies to: Committee on Financial Disclosure Administrative Office of the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C, 20544
~ ~=+ .,.~+_,-. ~ .
(808) 522-7474 I
August 13, 20 ] 0
Hon. Bobby R. Babcock, Chair Committee on Financial Disclosure One Columbus Circle Washington, D.C. 20544 Re: Richard R. Clifton, Circuit Judge Calendar Year 2009 Filing ,.~
Thank you for your letter dated July 19, 2010. I was on assignrri~nt ~ -/ elsewhere when it arrived in my chambers, and I first saw it after rerunning t~ Honolulu three days ago. ~-.-; -Concerning the entry in Part VII, page 5, line 25, for "Hawaii State Bonds," it is correct that 1 had no income from the asset, other than what was received due to the maturity of the bond. The potentially complicating thctor is that the bonds are zero-coupon "college saver" bonds, one of which matured in 2009. l reported all that we received in the "D" transactions column. Concerning the entry in Part VII, page 7, line 61, the listing of"Guaranteed Income Fund" as one of the holdings in my retirement accounts held by my former law firm, l am not sure what else to report. The name "Guaranteed Income Fund" is all that appears on the statement that is sent to me, so I assumed that was the funds name. Enclosed is a page from the December 31, 2009 report, showing the holdings in the accounts. Because this is a public filing, 1 have redacted the specific dollar amounts for the other funds listed, but I have left the information for the "Guaranteed Income Fund" showing that theres only $4.26 in that fund. My
Hon. Bobby R. Babcock Committee on Financial Disclosure August 13, 2010 Page 2
inference is that somewhere along the way a little bit of cash made its way into the account (too small an amount to buy another share or unit of the funds in which the account is invested), and this is how the plan administrator holds cash. As reflected at the bottom of the statement page, the plan administrator is Prudential Retirement. If"Guaranteed Income Fund" is not a public mutual fired or money market thnd, then I assume it must be a Prudential holding, so it might be identified as "Prudential Retirement Guaranteed Income Fund." Unless I hear to the contrary, I will identify it that way in future reports. Thank you for your assistance. Please contact me ifI can clarify or correct anything else.
Richard R. Clifton Enclosure: one page from 12/31/09 retirement accounts statement (redacted)
Your Investments
% o!
Units/Shares on 12/31/2009 Stable Value Guaranteed Income Fund Total Stable Value ..... Fixed Income PIMCO Total Return Fund A Total Fixed Income 0.167 Unit/Share Price on 12/31/2009 $25.565 Value an 12/31/2009 $4.26 $426 Total Account Value
0%
fatal
Information on holdings fo~ The Prudential Retirement Insurance and www.prudentJal.condonline/retirement o~ you may contact 8TT-PRUWe c~culat9 the w~ue of your investment in each fund at th~ end at the s~ values we do not :#,clude trans&t/ons pending settlemeoL As you review. ot units/shares held and the unit/share price ~bur plan oilers investment options that ~e subject to market timing polio in those investment fund options. Ret;Tement plan, invesb#g is for ~e long term. A full cop}" of the policy is prov~;ed on an annu&t basis Ad~z[zona! ~n,orma~zon Js contained in the investment fund prospectus. Your plan offers Self-Directed Accounts, you may be subject to resbicb~ns on fiading amounts and bming, Your account b~anc rettect$ the va~ue reported to Prudential by a third party as of the prior days clo~e of market and may not necessarily match the balance on your Self-D~Tected Account ~tatemenL
Page 3 of 8
877-PRU-21 O0
Pa~#ipant Setv~.e representa~,es available: M-F. 8 am -9 pm.. Eastern Time Ilearino Iraoaired: Call (TD(3) 8 7 T- 760-5
v~lt www.pmdenUM.com/online/rebrement
~~
Ed. 12/07