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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Date of Report (date of earliest event
reported): June 5, 2012</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>OLD STONE CORPORATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>RHODE ISLAND</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of incorporation)</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt; text-decoration: underline; text-align: center">0-8016</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt; text-decoration: underline; text-align: center">05-0341273</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt; text-align: center">(Commission file number)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (IRS Employer Identification Number)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>One Financial Plaza, 24<SUP>th</SUP>
Floor, Providence, RI 02903</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">(Address of principal
executive offices) (Zip Code)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Registrant's telephone number, including
area code: 401-921-1591</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>N/A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Item 1.03.&#9;<U>Bankruptcy or Receivership</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 5, 2012, Old Stone Corporation joined
with its largest stockholder, Manticore Properties, LLC, in filing a petition with the Rhode Island Superior Court (the &ldquo;Court&rdquo;)
seeking dissolution of the Corporation and the appointment of a receiver to distribute its remaining assets to the holders of its
outstanding Cumulative Voting Convertible Preferred Stock, Series B (the &ldquo;Series B Preferred Stock&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As the Corporation has summarized in its
previous filings under the Securities Exchange Act of 1934, as amended, from its formation in 1969, the Corporation was the parent
company of the former Old Stone Bank until the bank was seized by the federal Resolution Trust Corporation in January 1993. The
Corporation sued the federal government for breach of contract and was awarded damages of $192.5 million by the U.S. Court of Federal
Claims, which amount was reduced to $74.5 million by the Federal Circuit Court of Appeals. The Corporation&rsquo;s petition to
the U.S. Supreme Court for review was denied in 2007, and the bulk of the funds received was distributed to the holders of the
Corporation&rsquo;s Series B Preferred Stock as a partial redemption of that series. Since that time, the Corporation has sought
to find a partner or a transaction which might raise additional funds to pay out the redemption amount owed with respect to its
remaining Series B Preferred Stock, as well as to provide funds for the holders of its common stock. Despite several initiatives,
it became clear to the Corporation&rsquo;s Board of Directors that such a transaction would not be achievable, and the Board authorized
the filing of the petition for dissolution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The petition, captioned
Manticore Properties, LLC v. Old Stone Corporation, was filed pursuant to Rhode Island General Laws Sections 7-1.2-1314 and -1323,
which allow a shareholder to seek an orderly dissolution of a corporation through the appointment of a receiver.
Manticore&rsquo;s petition was joined in by the Corporation. At this time, the Corporation estimates that it has no
outstanding debt and approximately $0.8 million in cash, which will be available for the holders of the Series B Preferred
Stock after payment of dissolution expenses. The Corporation is unable at this point to estimate final expenses or the likely timing of any such distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 5, 2012, the Court signed an order
appointing Allan Shine of Winograd Shine Land &amp; Finkle, P.C., as a temporary receiver. Following the required notice to stockholders
and hearing, the Corporation anticipates that Mr. Shine will be appointed permanent receiver in order to oversee the distribution
of final amounts to the holders of Series B Preferred Stock, to pay any and all other liabilities and obligations of the Corporation,
and to take such actions as may be necessary to liquidate the Corporation. The petition ultimately seeks a final decree of dissolution
of the Corporation. The Corporation is not able to estimate the likely timing of any such final decree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Cautionary Statement: This Current Report
on Form 8-K contains forward-looking statements. Statements in this report that are not historical facts, including statements
about the Corporation&rsquo;s beliefs and expectations regarding the receivership process, the appointment of a permanent receiver
and any amounts that may be distributed to holders of its preferred stock, constitute forward-looking statements. These statements
are based on current plans, estimates and understandings, and are subject to change based upon factors outside of the Corporation&rsquo;s
control, including the possibility of a delay in the appointment of a permanent receiver, unanticipated costs associated with the
dissolution and winding up of the Corporation, and similar factors. Readers are cautioned to consider carefully these factors,
as well as the other factors identified in the Corporation&rsquo;s most recent filings under the Exchange Act, and not to place
undue reliance on forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-weight: bold">OLD STONE CORPORATION</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">Registrant</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify; width: 46%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify; width: 40%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">By:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify; border-bottom: Black 1pt solid">/s/ John E. Bucci, Jr</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">John E. Bucci, Jr.</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">President and Treasurer</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: June 6, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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[{"type": "8-K", "sequence": "1", "filename": "v315342_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 16494}]
{"company-data": {"conformed-name": "OLD STONE CORP", "cik": "0000074273", "assigned-sic": "6035", "irs-number": "050341273", "state-of-incorporation": "RI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-08016", "film-number": "12892112"}, "business-address": {"street1": "957 WARREN AVE", "city": "E PROVIDENCE", "state": "RI", "zip": "02914", "phone": "4015210065"}, "mail-address": {"street1": "2700 HOSPITAL TRUST TOWER", "street2": "EDWARDS & ANGELL", "city": "PROVIDENCE", "state": "RI", "zip": "02903"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event
reported): June 5, 2012
OLD STONE CORPORATION
(Exact name of registrant as specified in
its charter)
RHODE ISLAND
(State or other jurisdiction of incorporation)
0-8016
05-0341273
(Commission file number)
(IRS Employer Identification Number)
One Financial Plaza, 24
th
Floor, Providence, RI 02903
(Address of principal
executive offices) (Zip Code)
Registrant's telephone number, including
area code: 401-921-1591
N/A
(Former name or former address, if changed
since last report)
Item 1.03.
Bankruptcy or Receivership
.
On June 5, 2012, Old Stone Corporation joined
with its largest stockholder, Manticore Properties, LLC, in filing a petition with the Rhode Island Superior Court (the "Court")
seeking dissolution of the Corporation and the appointment of a receiver to distribute its remaining assets to the holders of its
outstanding Cumulative Voting Convertible Preferred Stock, Series B (the "Series B Preferred Stock").
As the Corporation has summarized in its
previous filings under the Securities Exchange Act of 1934, as amended, from its formation in 1969, the Corporation was the parent
company of the former Old Stone Bank until the bank was seized by the federal Resolution Trust Corporation in January 1993. The
Corporation sued the federal government for breach of contract and was awarded damages of $192.5 million by the U.S. Court of Federal
Claims, which amount was reduced to $74.5 million by the Federal Circuit Court of Appeals. The Corporation's petition to
the U.S. Supreme Court for review was denied in 2007, and the bulk of the funds received was distributed to the holders of the
Corporation's Series B Preferred Stock as a partial redemption of that series. Since that time, the Corporation has sought
to find a partner or a transaction which might raise additional funds to pay out the redemption amount owed with respect to its
remaining Series B Preferred Stock, as well as to provide funds for the holders of its common stock. Despite several initiatives,
it became clear to the Corporation's Board of Directors that such a transaction would not be achievable, and the Board authorized
the filing of the petition for dissolution.
The petition, captioned
Manticore Properties, LLC v. Old Stone Corporation, was filed pursuant to Rhode Island General Laws Sections 7-1.2-1314 and -1323,
which allow a shareholder to seek an orderly dissolution of a corporation through the appointment of a receiver.
Manticore's petition was joined in by the Corporation. At this time, the Corporation estimates that it has no
outstanding debt and approximately $0.8 million in cash, which will be available for the holders of the Series B Preferred
Stock after payment of dissolution expenses. The Corporation is unable at this point to estimate final expenses or the likely timing of any such distribution.
On June 5, 2012, the Court signed an order
appointing Allan Shine of Winograd Shine Land & Finkle, P.C., as a temporary receiver. Following the required notice to stockholders
and hearing, the Corporation anticipates that Mr. Shine will be appointed permanent receiver in order to oversee the distribution
of final amounts to the holders of Series B Preferred Stock, to pay any and all other liabilities and obligations of the Corporation,
and to take such actions as may be necessary to liquidate the Corporation. The petition ultimately seeks a final decree of dissolution
of the Corporation. The Corporation is not able to estimate the likely timing of any such final decree.
Cautionary Statement: This Current Report
on Form 8-K contains forward-looking statements. Statements in this report that are not historical facts, including statements
about the Corporation's beliefs and expectations regarding the receivership process, the appointment of a permanent receiver
and any amounts that may be distributed to holders of its preferred stock, constitute forward-looking statements. These statements
are based on current plans, estimates and understandings, and are subject to change based upon factors outside of the Corporation's
control, including the possibility of a delay in the appointment of a permanent receiver, unanticipated costs associated with the
dissolution and winding up of the Corporation, and similar factors. Readers are cautioned to consider carefully these factors,
as well as the other factors identified in the Corporation's most recent filings under the Exchange Act, and not to place
undue reliance on forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities
and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
OLD STONE CORPORATION
Registrant
By:
/s/ John E. Bucci, Jr
John E. Bucci, Jr.
President and Treasurer
Dated: June 6, 2012