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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>

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<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): July 2, 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: 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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    <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>
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    <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;&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; (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: 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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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">Item 1.03.</TD><TD STYLE="text-align: justify"><U>Bankruptcy or Receivership</U>.</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As previously disclosed in the Corporation&rsquo;s
Current Report on Form 8-K filed on June 6, 2012, Old Stone Corporation has 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;). On June 5, 2012, the Court signed an order appointing Alan
Shine of Winograd Shine Land &amp; Finkle, P.C., as a temporary receiver. On June 19, 2012, the Court signed an order directing
that notice of a hearing on the appointment of a permanent receiver scheduled for 9:30 a.m. on July 16, 2012 be published in certain
newspapers and mailed to the holders of record of the Series B Preferred Stock. A copy of the notice is attached hereto as Exhibit
99 and incorporated by reference herein.</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">Item 9.01</TD><TD STYLE="text-align: justify"><U>Financial Statements and Exhibits</U>.</TD>
</TR></TABLE>

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><U>Number</U></TD><TD STYLE="text-align: justify"><U>Description</U></TD>
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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">99</TD><TD STYLE="text-align: justify">Notice to All Stockholders and Other Parties in Interest
of Hearing on Appointment of Permanent Receiver</TD>
</TR></TABLE>

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<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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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B>OLD STONE CORPORATION</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">Registrant</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ John E. Bucci, Jr.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">John E. Bucci, Jr.<BR>President and Treasurer</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: July 2, 2012</P>

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{"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": "12944793"}, "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): July 2, 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
.
As previously disclosed in the Corporation's
Current Report on Form 8-K filed on June 6, 2012, Old Stone Corporation has 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"). On June 5, 2012, the Court signed an order appointing Alan
Shine of Winograd Shine Land & Finkle, P.C., as a temporary receiver. On June 19, 2012, the Court signed an order directing
that notice of a hearing on the appointment of a permanent receiver scheduled for 9:30 a.m. on July 16, 2012 be published in certain
newspapers and mailed to the holders of record of the Series B Preferred Stock. A copy of the notice is attached hereto as Exhibit
99 and incorporated by reference herein.
Item 9.01
Financial Statements and Exhibits
.
Exhibits
Number
Description
99
Notice to All Stockholders and Other Parties in Interest
of Hearing on Appointment of Permanent Receiver
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: July 2, 2012