SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND
13d-2 Under the Securities Exchange Act of 1934
(Amendment No.__)*
Dignity Partners, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
254017 10 6
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(CUSIP Number)
*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).
<PAGE>
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CUSIP No. 254017 10 6 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Echelon Group of Companies, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
1,589,324 shares of Common Stock
NUMBER OF ----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0 -
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
1,589,324 shares of Common Stock
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,589,324 shares of Common Stock
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.3%
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12 TYPE OF REPORTING PERSON
OO
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 254017 10 6 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bradley N.Rotter
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------- ------------------------------------------------------------------
5 SOLE VOTING POWER
1,589,324 shares of Common Stock
NUMBER OF ----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0 -
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
1,589,324 shares of Common Stock
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,589,324 shares of Common Stock
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.3%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 254017 10 6 13G Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan B. Perper
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------- ------------------------------------------------------------------
5 SOLE VOTING POWER
1,589,324 shares of Common Stock
NUMBER OF ----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0 -
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
1,589,324 shares of Common Stock
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,589,324 shares of Common Stock
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.3%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 254017 10 6 13G Page 5 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John Ward Rotter
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- ------------- ------------------------------------------------------------------
5 SOLE VOTING POWER
1,593,324 shares of Common Stock
NUMBER OF ----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0 -
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
1,593,324 shares of Common Stock
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,593,324 shares of Common Stock
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.4%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- ------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 254017 10 6 13G Page 6 of 9 Pages
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Item 1(a). Name of Issuer:
- --------------------------
Dignity Partners, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
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1700 Montgomery Street, Suite 250
San Francisco, CA 94111
Item 2(a). Names of Persons Filing:
- -----------------------------------
The Echelon Group of Companies, LLC ("Echelon")
Bradley N. Rotter
Alan B. Perper
John Ward Rotter
Item 2(b). Address of Principal Business Office:
- ------------------------------------------------
The address for each of the reporting persons is:
1700 Montgomery Street, Suite 250
San Francisco, CA 94111
Item 2(c). Citizenship:
- -----------------------
Echelon is a limited liability company organized under the
laws of the State of Delaware. Each of Bradley N Rotter,
Alan B. Perper and John Ward Rotter is a United States
Citizen.
Item 2(d). Title of Class of Securities:
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Common Stock, $.01 par value
Item 2(e). CUSIP Number:
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254017 10 6
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check
- --------------------------------------------------------------------------------
whether the person filing is a:
- ------------------------------
Not applicable.
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CUSIP No. 254017 10 6 13G Page 7 of 9 Pages
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Item 4. Ownership:
(a) Amount Beneficially Owned
Echelon is the record holder of 1,589,324
shares of Common Stock. Bradley N. Rotter,
Alan B. Perper and John Ward Rotter
constitute all of the members of Echelon
and, as such, may be deemed to have
beneficial ownership of the shares of Common
Stock held of record by Echelon. Each of
Bradley N. Rotter, Alan B. Perper and John
Ward Rotter disclaims beneficial ownership
of the shares held of record by Echelon,
except to the extent of his respective
interest in Echelon. John Ward Rotter may
also be deemed to be the beneficial owner of
shares of Common Stock subject to a stock
option which was granted to his spouse and
which vests with respect to 4,000 shares of
Common Stock (the "Option Shares") on
February 14, 1997, but disclaims beneficial
ownership of these shares.
(b) Percent of Class
For Echelon, Bradley N. Rotter and Alan B.
Perper, 38.3%, based on the number of shares
outstanding as of December 31, 1996. For
John Ward Rotter, 38.4% based on the number
of shares outstanding as of December 31,
1996 and the Option Shares.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Echelon has sole power to vote or to
direct the vote of the 1,589,324
shares of Common Stock held of
record by it.
(ii) shared power to vote or to direct the vote:
As members of Echelon, Bradley N.
Rotter, Alan B. Perper and John Ward
Rotter may be deemed to share voting
power with respect to the 1,589,324
shares of Common Stock held of
record by Echelon. John Ward Rotter
also may be deemed to share voting
power with respect to the Option
Shares.
(iii)sole power to dispose or to direct the
disposition of:
Echelon has sole dispositive power
with respect to the 1,589,324 shares
of Common Stock held by it.
(iv) shared power to dispose or to direct the
disposition of:
As members of Echelon, Bradley N.
Rotter, Alan B. Perper and John Ward
Rotter may be deemed to share
dispositive power with respect to
the 1,593,324 shares of Common Stock
held of record by Echelon. John Ward
Rotter also may be deemed to share
dispositive power with respect to
the Option Shares.
<PAGE>
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CUSIP No. 254017 10 6 13G Page 8 of 9 Pages
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Item 5. Ownership of Five Percent or Less of a Class:
- -----------------------------------------------------
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
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Not applicable
Item 7. Identification and Classification of the Subsidiary which Acquired
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the Security Being Reported on By the Parent Holding Company:
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Not applicable
Item 8. Identification and Classification of Members of the Group:
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Not applicable.
Item 9. Notice of Dissolution of Group:
- ---------------------------------------
Not applicable
Item 10. Certification:
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By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such securities
and were not acquired in connection with or as a participant in any transaction
having such purposes or effect.
<PAGE>
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CUSIP No. 254017 10 6 13G Page 9 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: February 13, 1997
THE ECHELON GROUP OF COMPANIES, L.L.C.
/s/Bradley N. Rotter
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By: Bradley N. Rotter, its Managing Member
/s/Bradley N. Rotter
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Bradley N. Rotter
/s/Alan B. Perper
------------------------------------------
Alan B. Perper
/s/John Ward Rotter
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John Ward Rotter
