SECURITIES AND EXCHANGE COMMISSION
----------------------------------
Washington, D.C. 20549
SCHEDULE 13D
============
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 5)
=================
Point West Capital Corporation
------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
------------------------------
(Title of Class of Securities)
730715 10 9
---------------------
(CUSIP Number)
Alan B. Perper,President
Point West Capital Corporation
1700 Montgomery Street, Suite 250
San Francisco, CA 94111
(415) 394-9467
----------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 16, 2000
-----------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Amended and Restated
Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or
13d-1(g) , check the following Box [ ]
Note: Schedules filed in paper format shall include a signed original
----
and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
__________
*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
disclosures provided in a prior cover page.
The information required on 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 (the "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).
(Continued on following pages)
(Page 1 of 14 Pages)
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 2 of 14 Pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bradley N. Rotter
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 741,403
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
741,403
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
741,403
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
22.1%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 3 of 14 pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan B. Perper
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 6,500
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 248,038
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
6,500
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
248,038
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
254,538
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
7.6%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 4 of 14 pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John Ward Rotter
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 238,797
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 20,250
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
238,797
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
20,250
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,047
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
7.7%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 5 of 14 pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Echelon Group of Companies, LLC
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 6 of 14 pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lodestone Capital Fund, LLC
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 7 of 14 pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lodestone Partners, LLC
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 8 of 14 pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Janet G. Raiche
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 248,038
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
248,038
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
248,038
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
7.4%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------ ----------------------
CUSIP No. 730715 10 9 13D Page 9 of 14 pages
------------------------ -----------------------
------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Perper/Raiche Revocable Trust
------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
------------- ------------------------------------------------------------------
3 SEC USE ONLY
------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
------------- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 248,038
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
248,038
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
248,038
------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
7.4%
------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
------------- ------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
------------------------------------
<PAGE>
------------------------- ------------------------
CUSIP No. 730715 10 9 SCHEDULE 13D Page 10 of 14 pages
------------------------- -------------------------
AMENDMENT NO. 5 to
--------------------
SCHEDULE 13D
-------------
This Amendment No. 5 to Schedule 13D amends the Schedule 13D originally
filed on December 1, 1997, as amended and restated by Amendment No. 1 to
Schedule 13D filed on January 6, 1998, by Amendment No. 2 to Schedule 13D filed
on February 16, 1999, by Amendment No. 3 to Schedule 13D filed on March 24, 1999
and by Amendment No. 4 to Schedule 13D filed on May 7, 1999 (as amended and
restated to the date hereof, the "Schedule 13D"). This Amendment No. 5 is being
filed to report shares of Common Stock distributed by the reporting persons and
entities with which they may share beneficial ownerhip. Capitalized terms used
in this Amendment No. 5 and not defined are used as defined in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
====== ====================================
Item 5 of the Schedule 13D is hereby amended and restated to read as
follows.
(a) Number of Shares Beneficially Owned by Persons Filing This
----------------------------------------------------------
Statement.
----------
Lodestone Capital and Lodestone Partners are in the process of
being dissolved. The Bradley N. Rotter Self-Employed Trust,
Echelon and Lodestone Partners constitute all of the members of
Lodestone Capital. In connection with the dissolution, on June
29, 2000, Lodestone Capital distributed the 83,000 shares of
Common Stock held by it to its members in accordance with such
members' respective ownership interests as follows: 52,850 shares
to the Bradley N. Rotter Self-Employed Pension Plan and Trust,
3,579 shares to Echelon and 26,571 shares to Lodestone Partners.
Lodestone Partners distributed the 26,571 shares of Common Stock
held by it to its members in accordance with such members'
respective ownership interests as follows: 13,286 shares to
Fitzsimmons and 13,285 shares to Echelon. Neither Lodestone
Capital nor Lodestone Partners continue to own any shares of
Common Stock
Bradley N. Rotter, Alan B. Perper and John Ward Rotter constitute
all of the members of Echelon. On August 16, 2000, Echelon
distributed to its members the 16,864 shares of Common Stock held
by it in accordance with such members' respective ownership
interest in Echelon as follows: 9,275 shares to Bradley N.
Rotter, 3,373 shares to Alan B. Perper and 4,216 shares to John
Ward Rotter. Echelon does not continue to own any shares of
Common Stock.
Bradley N. Rotter is the record holder of 734,903 shares of
Common Stock and holds the following stock options: (a) an option
for 10,000 shares, of which 2,000 shares vested on November 17,
1998 and another 2,000 shares vested on November 17, 1999, (b)
another option for 10,000 shares, of which 2,500 shares vested on
November 25, 1999 and (c) another option for 50,000 shares.
John Ward Rotter is the record holder of 232,297 shares of Common
Stock and holds the following stock options: (a) an option for
10,000 shares, of which 2,000 shares vested on November 17, 1998
and another 2,000 shares vested on November 17, 1999, (b) another
option for 10,000 shares, of which 2,500 shares vested on
November 25, 1999 and (c) another option for 50,000 shares. John
Ward Rotter may also be deemed to be the beneficial owner of
shares of Common Stock subject to stock options that were granted
to his spouse: (a) one option for 20,000 shares, of which 4,000
shares vested on February 14, 1997, 4,000 shares vested on
February 14, 1998, 4,000 shares vested on February 14, 1999, and
4,000 shares vested on February 14, 2000; (b) another option for
7,500 shares, of which 1,500 shares vested on November 17, 1998
and 1,500 shares vested on November 17, 1999 ; (c) another option
for 5,000 shares of which 1,250 shares vested on November 25,
1999; (d) another option for 5,000 shares; (e) another option for
10,000 shares and (f) another option for 10,000 shares, but
disclaims beneficial ownership of such shares.
<PAGE>
-------------------------- --------------------------
CUSIP No. 730715 10 9 Schedule 13D Page 11 of 14 pages
-------------------------- --------------------------
The Perper/Raiche Trust is the record holder of 248,038 shares of
Common Stock. Alan B. Perper and Janet G. Raiche, as trustees of
the Perper/Raiche Trust, may be deemed to be the beneficial
owners of the shares of Common Stock held of record by the
Perper/Raiche Trust, but each of them disclaims beneficial
ownership of such shares, except to the extent of their
respective beneficial interests under the Perper/Raiche Trust.
Alan B. Perper also holds the following stock options: (a) an
option for 10,000 shares, of which 2,000 shares vested on
November 17, 1998 and another 2,000 shares vested on November 17,
1999, (b) another option for 10,000 shares, of which 2,500 shares
vested on November 25, 1999 and (c) another option for 50,000
shares.
(b) Percent of Outstanding Common Stock Beneficially Owned by Each
--------------------------------------------------------------
Person Filing This Statement.
----------------------------
Based on the number of shares of Common Stock outstanding as of
July 31, 2000, the Perper/Raiche Trust and Janet G. Raiche may
each be deemed to beneficially own 7.4%, of the outstanding
Common Stock. Based on the number of shares of common stock
outstanding as of July 30, 2000, plus their respective vested
option shares, Bradley N. Rotter may be deemed to beneficially
own 22.1%, Alan B. Perper may be deemed to beneficially own 7.6%
and John Ward Rotter may be deemed to beneficially own 7.7% of
the outstanding Common Stock. Based 0n the number of shares of
Common Stock outstanding as of July 30, 2000, Echelon, Lodestone
Capital and Lodestone Partners may each be deemed to beneficially
own 0%. The number of outstanding shares as of July 31, 2000 used
in making these calculations was provided to the filing persons
by the issuer.
(c) Number of Shares of Common Stock as to Which Each of the
--------------------------------------------------------
Persons Filing This Statement Has:
-----------------------------------
(i) Sole Voting Power.
Bradley N. Rotter has sole power to vote or direct
the vote of the 734,903 shares of Common Stock
that he holds of record and 6,500 shares subject
to his vested stock option.
John Ward Rotter has sole power to vote or direct
the vote of the 232,297 shares of Common Stock
that he holds of record and 6,500 shares subject
to his vested stock option.
The Perper/Raiche Trust has sole power to vote or
direct the vote of the 248,038 shares of Common
Stock that it holds of record. Alan B. Perper has
sole power to vote or direct the vote of 6,500
shares subject to his vested stock option.
Lodestone Capital, Lodestone Partners and Echelon
have sole power to vote or direct the vote of 0
shares of Common Stock that it holds of record.
(ii) Shared Voting Power.
John Ward Rotter may be deemed to share with his
spouse the power to vote or direct the vote of
20,250 shares subject to options held by his wife
that are currently vested.
Alan B. Perper and Janet G. Raiche, as trustees
of the Perper/Raiche Trust, share the power to
vote or direct the vote of the 248,038 shares of
Common Stock held of record by the Perper/Raiche
Trust.
<PAGE>
------------------------- -------------------------
CUSIP No. 730715 10 9 Schedule 13D Page 12 of 14 pages
------------------------- -------------------------
(iii) Sole Dispositive Power.
Bradley N. Rotter has sole power to dispose of or
direct the disposition of the 734,903 shares of
Common Stock that he holds of record and 6,500
shares subject to his vested stock option.
John Ward Rotter has sole power to dispose of or
direct the disposition of the 232,297 shares of
Common Stock that he holds of record and 6,500
shares subject to his vested stock option.
The Perper/Raiche Trust has sole power to dispose
of or direct the disposition of the 248,038 shares
of Common Stock that it holds of record. Alan B.
Perper has sole power to dispose of or direct the
disposition of 6,500 shares subject to his vested
stock option.
Lodestone Capital, Lodestone Partners and Echelon
have sole power to dispose of or direct the
disposition of 0 shares of Common Stock that it
holds of record.
(iv) Shared Dispositive Power.
John Ward Rotter may be deemed to share with his
spouse the power to dispose of or direct the
disposition of 20,250 shares subject to options
held by his wife that are currently vested.
Alan B. Perper and Janet G. Raiche, as trustees
of the Perper/Raiche Trust, share the power to
dispose of or direct the disposition of the
248,038 shares of Common Stock held of record by
the Perper/Raiche Trust.
(d) Transactions in Common Stock by Persons Filing This Statement.
--------------------------------------------------------------
Lodestone Capital and Lodestone Partners are in the process of
being dissolved. In connection with the dissolution, on June 29,
2000, Lodestone Capital distributed the 83,000 shares of Common
Stock held by it to its members in accordance with such members'
respective ownership interests as follows: 52,850 shares to the
Bradley N. Rotter Self-Employed Pension Plan and Trust, 3,579
shares to Echelon and 26,571 shares to Lodestone Partners.
Lodestone Partners distributed the 26,571 shares of Common Stock
held by it to its members in accordance with such members'
respective ownership interests as follows: 13,286 shares to
Fitzsimmons and 13,285 shares to Echelon. There was no
consideration paid to Lodestone Capital or Lodestone Partners in
connection with such distributions.
On August 16, 2000, Echelon distributed the shares it received on
June 29, 2000 from Lodestone Capital and Lodestone Partners to
its members in accordance with such members' respective ownership
interests. There was no consideration paid to Echelon in
connection with such distribution.
<PAGE>
------------------------- -------------------------
CUSIP No. 730715 10 9 Schedule 13D Page 13 of 14 pages
------------------------- -------------------------
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this
Amendment No. 5 to Schedule 13D is true, complete and correct.
THE ECHELON GROUP OF COMPANIES, LLC
August 29, 2000 By: /s/Bradley N. Rotter
-------------------------------
Bradley N. Rotter,
Managing Member
August 29, 2000 /s/Bradley N. Rotter
-----------------------------------
Bradley N. Rotter
August 29, 2000 /s/Alan B. Perper
------------------------------------
Alan B. Perper
August 29, 2000 /s/John Ward Rotter
------------------------------------
John Ward Rotter
August 29, 2000 By: /s/ Janet G. Raiche
---------------------------------
Janet G. Raiche
Trustee
LODESTONE CAPITAL FUND, LLC
By: LODESTONE PARTNERS, LLC
Manager
August 29, 2000 By: /s/Michael Fitzsimmons
-------------------------------
Michael Fitzsimmons
Manager
August 29, 2000 By: /s/John Ward Rotter
-------------------------------
John Ward Rotter
Manager
LODESTONE PARTNERS, LLC
August 29, 2000 By: /s/Michael Fitzsimmons
-------------------------------
Michael Fitzsimmons
Manager
August 29, 2000 By: /s/John Ward Rotter
-------------------------------
John Ward Rotter
Manager
<PAGE>
------------------------- -------------------------
CUSIP No. 730715 10 9 Schedule 13D Page 14 of 14 pages
------------------------- -------------------------
PERPER/RAICHE REVOCABLE TRUST
August 29, 2000 By: /s/ Alan B. Perper
---------------------------------
Alan B. Perper
Trustee
August 29, 2000 By: /s/ Janet G. Raiche
---------------------------------
Janet G. Raiche
Trustee
