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OMB APPROVAL
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OMB Number 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(PRINT OR TYPE RESPONSES)
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1. Name and Address of Reporting Person
Menkes Alan B.
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(Last) (First) (Middle)
c/o Thomas Weisel Partners Group LLC
One Montgomery Street, Suite 3700
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(Street)
San Francisco California 94101
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
2/23/00
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3. IRS or Identification Number of Reporting Person, if an entity (Voluntary)
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4. Issuer Name AND Ticker or Trading Symbol
Optika Inc. (OPTK)
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5 Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 5(b)(v).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
1. Title of Derivative Date Expira- Number Price of Indirect Beneficial
Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Series A Convertible Common Stock, par
Preferred Stock, par value $0.001 per
value $0.001 per share Immed. 2/23/2008 share (1) $20.496 (3) (3)
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Common Stock, par
Warrants to purchase value $0.001 per
Common Stock Immed. 2/23/2008 share (2) $22.448 (3) (3)
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</TABLE>
Explanation of Responses:
SEE ATTACHED.
/s/ Alan B. Menkes March 3, 2000
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(**)Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
<PAGE>
FORM 3
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CONTINUATION SHEET
Item 1: Alan B. Menkes
c/o Thomas Weisel Partners Group LLC
One Montgomery Street, Suite 3700
San Francisco, CA 94101
Item 2: February 23, 2000
Item 4: Optika Inc. (OPTK)
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EXPLANATION OF RESPONSES:
(1) Each share of Series A Convertible Preferred Stock, par value $0.001
("Preferred Stock") is convertible into the number of shares of Common
Stock, par value $0.001 ("Common Stock"), obtained by dividing the
liquidation preference at the time of conversion by the conversion
price then in effect of such share of Preferred Stock. The liquidation
preference of each share of Preferred Stock is $20.496 plus an amount
equal to dividends thereon which are deemed to cumulate and accrue
from the date of issuance of such share at a rate of 8% per annum,
compounded semi-annually through the eighth anniversary of issuance,
at which time the Preferred Stock is subject to mandatory redemption.
The initial conversion price of each share of Preferred Stock is
$20.496, subject to adjustment for customary antidilution events.
Based on the initial conversion price and assuming the shares of
Preferred Stock remain outstanding until the eighth anniversary of
issuance and are not earlier converted or redeemed, the 695,258 shares
of Preferred Stock would be convertible into an aggregate of 1,302,205
shares of Common Stock. Based on the initial conversion price, as of
the date of issuance the 695,258 shares of Preferred Stock are
convertible into an aggregate of 695,258 shares of Common Stock.
(2) The warrants to purchase up to an aggregate of 291,933 shares of
Common Stock may be exercised at any time in whole and, from time to
time, in part until February 23, 2008, at an exercise price of
$22.448, subject to adjustment for customary antidilution events.
(3) The Reporting Person is an executive committee member of the Thomas
Weisel Partners Group LLC ("TWPG"). TWPG may be deemed to own
beneficially and indirectly in the aggregate the securities reported
herein through certain investment limited partnerships (the "Limited
Partnerships") of which a wholly owned affiliate of TWPG is the
general partner. The securities reported herein are owned directly by
the Limited Partnerships. The Reporting Person disclaims beneficial
ownership of the securities reported herein, except to the extent of
his pecuniary interest therein, if any.
