SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------
SCHEDULE 13G
(Amendment No. 2)
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) and
(c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
Royal Precision, Inc.
---------------------
(Name of Issuer)
Common Stock, par value $.001 per share
---------------------------------------
(Title of Class of Securities)
780921-10-2
--------------
(CUSIP Number)
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 2 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Berenson Minella & Co. 1993 Profit Sharing Plan
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 96,343
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 96,343
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,343
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
EP
-----------------------------------------------------------------------------
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 3 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Berenson, Minella & Co. 1996 Profit Sharing Plan
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 157,295
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 157,295
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,295
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.8%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
EP
-----------------------------------------------------------------------------
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 4 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Berenson, Minella & Company, LLC
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 9,781
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 9,781
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,781
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 5 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Raymond J. Minella
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 709,696
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 446,277
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
263,419
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
709,696
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.5%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 6 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Jeffrey L. Berenson
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 606,609
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 343,190
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
263,419
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
606,609
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 7 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Richard P. Johnston
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 792,609
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 25,052
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
767,557
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
792,609
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 8 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Jayne Johnston
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 792,609
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
792,609
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
792,609
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- ------------------
CUSIP NO. 780921-10-2 PAGE 9 OF 38 PAGES
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Johnston Family Living Trust u/a dtd 4/11/94
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Wyoming, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 35,848
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 35,848
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,848
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 10 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Johnston Family Charitable Remainder Trust #3
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Indiana, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 731,709
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 731,709
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
731,709
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.9%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 11 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Danny Edwards
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 603,152
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 603,152
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
603,152
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 12 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Kenneth J. Warren
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 364,995
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 364,995
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
364,995
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.4%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 13 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
David E. Johnston
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 219,875
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 219,875
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
219,875
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.9%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 14 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 209,632
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,247
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
207,385
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
209,632
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 15 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bennett Dorrance
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 209,632
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
209,632
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
209,632
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 16 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Drew M. Brown
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 207,779
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 394
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
207,385
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
207,779
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 17 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Mark N. Sklar
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 207,779
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 394
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
207,385
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
207,779
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 18 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DMB GP, INC.
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 207,385
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
207,385
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
207,385
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------
<PAGE>
--------------------- -------------------
CUSIP NO. 780921-10-2 PAGE 19 OF 38 PAGES
--------------------- -------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DMB Property Ventures Limited Partnership
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 207,385
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 207,385
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
207,385
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-----------------------------------------------------------------------------
<PAGE>
ITEM 1(a). NAME OF ISSUER:
Royal Precision, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
15170 North Hayden Road, Suite 1
Scottsdale, Arizona 85260
ITEM 2(a). NAME OF PERSON FILING:
On May 12, 1997, Danny Edwards, Drew M. Brown, DMB Property Ventures
Limited Partnership, the general partner of which is DMB GP, Inc. (the
shareholders of DMB GP, Inc. are Drew M. Brown, Mark N. Sklar and the
Bennett Dorrance Trust dated April 21, 1989), Mark N. Sklar and Bennett
Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989 (the
"Edwards Parties") and Christopher A. Johnston, RPJ/JAJ Partners, Ltd., the
general partners of which are Richard P. Johnston and Jayne Johnston, David
E. Johnston, Berenson Minella & Company, L.P, and Kenneth J. Warren (the
"Johnston Parties") entered into a stockholder agreement (the "Stockholder
Agreement") whereby the parties agreed that the Royal Precision, Inc.
("RP") board of directors shall be composed of nine members, three of which
will be elected by the Edwards Parties and six of which will be elected by
the Johnston parties.
Berenson Minella & Company, L.P. merged with Berenson Minella & Co., LLC,
with the LLC surviving and succeeding to the interest in the RP shares. In
connection therewith, substantially all of the shares were distributed to
the partners of Berenson Minella & Company, L.P. (including Raymond J.
Minella, Jeffrey L. Berenson), and the two profit sharing plans of the
survivor of the merger. Pursuant to the terms of the Stockholder Agreement,
those parties became parties to the Stockholder Agreement (and members of
the Group).
RPJ/JAJ Partners, Ltd. transferred 626,309 of its common shares of RP to
the Johnston Family Charitable Remainder Trust #3 ("Johnston Trust #3")
after the date of the Stockholder Agreement. Also, after the date of the
Stockholder Agreement, the Johnston Family Living Trust u/a dtd. 4/11/94
(the "Johnston Living Trust") purchased 24,100 shares. The trustees of the
Johnston Trust #3 and the Johnston Living Trust are Richard P. Johnston and
Jayne Johnston. Therefore, pursuant to the terms of the Stockholder
Agreement, the Johnston Trust #3 and the Johnston Living Trust are parties
to the Stockholder Agreement (and members of the Group).
The Stockholder Agreement was amended to remove Christopher A. Johnston as
a party to the Stockholder Agreement and Christopher A. Johnston is no
longer a party to the Group as reported in Amendment No. 1 to this 13G.
This Schedule 13G is filed by all of the current parties to the Stockholder
Agreement as a Group and by the parties to the Stockholder Agreement
individually.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Group Address:
Richard P. Johnston
4350 Greens Place
Wilson, Wyoming 83014
Copy to:
Kenneth J. Warren, Esq.
5920 Cromdale Drive, Suite 1
Dublin, Ohio 43017
Page 20 of 38 Pages
<PAGE>
Berenson Minella & Co. 1993 Profit Sharing Plan
667 Madison Avenue
New York, New York 10021
Berenson, Minella & Co. 1996 Profit Sharing Plan
667 Madison Avenue
New York, New York 10021
Berenson Minella & Company LLC
667 Madison Avenue
New York, New York 10021
Raymond J. Minella
667 Madison Avenue
New York, New York 10021
Jeffrey L. Berenson
667 Madison Avenue
New York, New York 10021
Richard P. Johnston
4350 Greens Place
Wilson, Wyoming 83014
Jayne Johnston
4350 Greens Place
Wilson, Wyoming 83014
Johnston Family Living Trust u/a dtd 4/11/94
4350 Greens Place
Wilson, Wyoming 83014
Johnston Family Charitable Remainder Trust #3
4350 Greens Place
Wilson, Wyoming 83014
Danny Edwards
26420 North Wrangler Road
Scottsdale, Arizona 85225
Kenneth J. Warren
5920 Cromdale Drive, Suite 1
Dublin, Ohio 43017
David E. Johnston
1935 West Muirfield Loop
Tucson, Arizona 85737
Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated
April 21, 1989
4201 North 24th Street, Suite 120
Phoenix, Arizona 85016
Page 21 of 38 Pages
<PAGE>
Bennett Dorrance
4201 North 24th Street, Suite 120
Phoenix, Arizona 85016
Drew M. Brown
4201 North 24th Street, Suite 120
Phoenix, Arizona 85016
Mark N. Sklar
4201 North 24th Street, Suite 120
Phoenix, Arizona 85016
DMB Property Ventures Limited Partnership
4201 North 24th Street, Suite 120
Phoenix, Arizona 85016
DMB GP, Inc.
4201 North 24th Street, Suite 120
Phoenix, Arizona 85016
ITEM 2(C). CITIZENSHIP:
Raymond J. Minella, Jeffrey L. Berenson, Richard P. Johnston, Jayne
Johnston, Danny Edwards, Kenneth J. Warren, David E. Johnston, Bennett
Dorrance, Drew M. Brown and Mark N. Sklar are citizens of the United States
of America.
Berenson Minella & Company, LLC is a Delaware limited liability company and
the 1993 Profit Sharing Plan and the 1996 Profit Sharing Plan are plans for
the benefit of employees of Berenson Minella & Company, LLC.
DMB Property Ventures Limited Partnership is a Delaware limited
partnership.
DMB GP, Inc. is an Arizona corporation.
Johnston Family Charitable Remainder Trust #3 is domiciled in the State of
Indiana.
Johnston Family Living Trust is domiciled in the State of Wyoming.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share
ITEM 2(e). CUSIP NUMBER:
780921-10-2
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)
(a) Broker or dealer registered under Section 15 of the Act,
(b) Bank as defined in Section 3(a)(6) of the Act,
(c) Insurance Company as defined in Section 3(a)(19) of the Act,
(d) Investment Company registered under Section 8 of the Investment
Company Act,
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(e) Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
(f) Employee Benefit Plan, Pension Fund which is subject to the provisions
of the Employee Retirement Income Security Act of 1974 or Endowment
Fund; SEE 13d-1(b)(1)(ii)(F),
(g) Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); SEE
Item 7,
(h) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
Group: 3,233,340 common shares including 127,381 common shares subject
to options exercisable within 60 days.
Berenson-Minella 1993 Profit Sharing Plan: 96,343 common shares. This
plan expressly declares that its filing of this Schedule 13G shall not
be construed as an admission that it is, for the purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934 (the "Act"), the
beneficial owner of any other securities covered by this Schedule 13G.
Berenson-Minella 1996 Profit Sharing Plan: 157,295 common shares. This
plan expressly declares that its filing of this Schedule 13G shall not
be construed as an admission that it is, for the purposes of Section
13(d) or 13(g) of the Act, the beneficial owner of any other
securities covered by this Schedule 13G.
Berenson-Minella & Co. LLC: 9,781 common shares. This company
expressly declares that its filing of this Schedule 13G shall not be
construed as an admission that it is, for the purposes of Section
13(d) or 13(g) of the Act, the beneficial owner of any other
securities covered by this Schedule 13G.
Jeffrey L. Berenson: 343,190 common shares. Mr. Berenson is a member
of Berenson, Minella & Co., LLC which also sponsors the Berenson
Minella 1993 Profit Sharing Plan and the 1996 Profit Sharing Plan. Mr.
Berenson is reporting 9,781 shares owned directly by Berenson Minella
& Co. LLC, 157,295 shares owned directly by the 1993 Profit Sharing
Plan, and 96,343 shares owned directly by the 1996 Profit Sharing
Plan. Mr. Berenson expressly declares that his filing of this Schedule
13G shall not be construed as an admission that he is, for the
purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of
any securities covered by this Schedule 13G, other than the 343,190
shares.
Raymond J. Minella: 437,927 common shares including 8,350 common
shares subject to options exercisable within 60 days. Mr. Minella is a
member of Berenson, Minella & Co., LLC which also sponsors the
Berenson Minella 1993 Profit Sharing Plan and the 1996 Profit Sharing
Plan. Mr. Minella is reporting 9,781 shares owned directly by Berenson
Minella & Co. LLC, 157,295 shares owned directly by the 1993 Profit
Sharing Plan, and 96,343 shares owned directly by the 1996 Profit
Sharing Plan. Mr. Minella expressly declares that his filing of this
Schedule 13G shall not be construed as an admission that he is, for
Page 23 of 38 Pages
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the purposes of Section 13(d) or 13(g) of the Act, the beneficial
owner of any securities covered by this Schedule 13G, other than the
437,927 shares and the 8,350 shares subject to option.
Richard P. Johnston: 25,052 common shares subject to options
exercisable within 60 days. Mr. Johnston is a trustee of the Johnston
Trust #3 and the Johnston Living Trust. Mr. Johnston is reporting
731,709 common shares which are owned directly by the Johnston Trust
#3 and 35,848 shares owned directly by the Johnston Living Trust. Mr.
Johnston expressly declares that his filing of this Schedule 13G shall
not be construed as an admission that he is, for the purposes of
Section 13(d) or 13(g) of the Act, the beneficial owner of any
securities covered by the Schedule 13G except for 25,052 common shares
subject to options exercisable within 60 days which are owned directly
by Mr. Johnston.
Jayne Johnston: Mrs. Johnston is the spouse of Richard P. Johnston and
a trustee of the Johnston Trust #3 and Johnston Living Trust. Mrs.
Johnston is reporting 25,052 common shares which are subject to
options exercisable within 60 days which are owned directly by Mr.
Johnston, 731,709 shares owned directly by the Johnston Trust #3 and
35,848 shares owned directly by the Johnston Living Trust. Mrs.
Johnston expressly declares that her filing of this Schedule 13G shall
not be construed as an admission that she is, for the purposes of
Section 13(d) or 13(g) of the Act, the beneficial owner of any
securities covered by this Schedule 13G.
Johnston Family Charitable Remainder Trust #3: 731,709 common shares
Johnston Family Living Trust: 35,848 common shares
Danny Edwards: 603,152 common shares including 62,550 common shares
subject to options exercisable within 60 days and 4,000 owned directly
by his spouse of which he disclaims beneficial ownership.
Kenneth J. Warren: 364,995 common shares including 20,323 common
shares subject to options exercisable within 60 days.
David E. Johnston: 219,875 common shares including 11,106 common
shares subject to options exercisable within 60 days.
Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April
21, 1989: 209,632 common shares. The trust is a shareholder of DMB GP,
Inc. which is the sole general partner of DMB Property Ventures
Limited Partnership. 207,385 of the common shares the trust is
reporting on this Schedule 13G are owned directly by the partnership.
The trust expressly declares that its filing of this Schedule 13G
shall not be construed as an admission that it is, for the purposes of
Section 13(d) or 13(g) of the Act, the beneficial owner of any
securities covered by this Schedule 13G except for 2,247 common shares
held directly by the trust.
Bennett Dorrance: 209,632 common shares. Mr. Dorrance is the trustee
of the Bennett Dorrance Trust dated April 21, 1989 which is a
shareholder of DMB GP, Inc. DMB GP, Inc. is the sole general partner
of DMB Property Ventures Limited Partnership. Both the trust and the
partnership are parties to the Stockholder Agreement by which the
group was formed. The common shares which Mr. Dorrance is reporting on
this Schedule 13G are held directly by the trust and the partnership
and Mr. Dorrance expressly declares that his filing of this Schedule
13G shall not be construed as an admission that he is, for the
purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of
any securities covered by the Schedule 13G.
Page 24 of 38 Pages
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Drew M. Brown, 207,779 common shares. Mr. Brown is a shareholder of
DMB GP, Inc. which is the sole general partner of DMB Property
Ventures Limited Partnership. 207,385 of the common shares Mr. Brown
is reporting on this Schedule 13G are owned directly by the
partnership. Mr. Brown expressly declares that his filing of this
Schedule 13G shall not be construed as an admission that he is, for
the purposes of Section 13(d) or 13(g) of the Act, the beneficial
owner of any securities covered by this Schedule 13G except for 394
common shares owned directly by Mr. Brown.
Mark N. Sklar: 207,779 common shares. Mr. Sklar is a shareholder of
DMB GP, Inc. which is the sole general partner of DMB Property
Ventures Limited Partnership. 207,385 of the common shares Mr. Sklar
is reporting on this Schedule 13G are owned directly by the
partnership. Mr. Sklar expressly declares that his filing of this
Schedule 13G shall not be construed as an admission that he is, for
the purposes of Section 13(d) or 13(g) of the Act, the beneficial
owner of any securities covered by this Schedule 13G except for 394
common shares owned directly by Mr. Sklar.
DMB Property Ventures Limited Partnership: 207,385 common shares.
DMB GP, Inc.: 207,385 common shares. DMB GP, Inc. is the sole general
partner of DMB Property Ventures Limited Partnership. The common
shares which DMB GP, Inc. is reporting on this Schedule 13G are held
directly by the partnership and DMB GP, Inc. expressly declares that
its filing of this Schedule 13G shall not be construed as an admission
that it is, for the purposes of Section 13(d) or 13(g) of the Act, the
beneficial owner of any securities covered by the Schedule 13G.
(b) Percent of Class:
Group: 56.9%
Berenson Minella 1993 Profit Sharing Plan.: 1.7%
Berenson Minella 1996 Profit Sharing Plan.: 2.8%
Berenson, Minella & Co., LLC.: --%
Raymond J. Minella: 12.5%
Jeffrey L. Berenson: 10.7%
Richard P. Johnston: 14%
Jayne Johnston: 14%
Johnston Family Charitable Remainder Trust #3: 12.9%
Johnston Living Trust: --%
Danny Edwards: 10.5%
Kenneth J. Warren: 6.4%
David E. Johnston: 3.9%
Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated
April 21, 1989: 3.7%
Bennett Dorrance: 3.7%
Drew M. Brown: 3.7%
Mark N. Sklar: 3.7%
DMB GP, Inc.: 3.7%
DMB Property Ventures Limited Partnership: 3.7%
(c) Number of Shares as to which such person has:
Group:
(i) sole power to vote or to direct the vote: 3,233,340
(ii) shared power to vote or to direct the vote: 0
Page 25 of 38 Pages
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(iii) sole power to dispose or to direct the disposition of: 3,233,340
(iv) shared power to dispose of or direct the disposition of: 0
Berenson, Minella & Co. 1993 Profit Sharing Plan:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 96,343
(iii) sole power to dispose or to direct the disposition of: 96,343
(iv) shared power to dispose of or direct the disposition of: 0
Berenson, Minella & Co. 1996 Profit Sharing Plan:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 157,295
(iii) sole power to dispose or to direct the disposition of: 157,295
(iv) shared power to dispose of or direct the disposition of: 0
Berenson, Minella & Co. LLC
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 9,781
(iii) sole power to dispose or to direct the disposition of: 9,781
(iv) shared power to dispose of or direct the disposition of: 0
Raymond J. Minella:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 709,696
(iii) sole power to dispose or to direct the disposition of: 446,277
(iv) shared power to dispose of or direct the disposition of: 263,419
Jeffrey L. Berenson:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 606,609
(iii) sole power to dispose or to direct the disposition of: 343,190
(iv) shared power to dispose of or direct the disposition of: 263,419
Page 26 of 38 Pages
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Richard P. Johnston:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 792,609
(iii) sole power to dispose or to direct the disposition of: 25,052
(iv) shared power to dispose of or direct the disposition of: 767,557
Jayne Johnston:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 792,609
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose of or direct the disposition of: 792,609
Johnston Family Living Trust:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 35,848
(iii) sole power to dispose or to direct the disposition of: 35,848
(iv) shared power to dispose of or direct the disposition of: 0
Johnston Family Charitable Remainder Trust #3:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 731,709
(iii) sole power to dispose or to direct the disposition of: 731,709
(iv) shared power to dispose of or direct the disposition of: 0
Danny Edwards:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 603,152
(iii) sole power to dispose or to direct the disposition of: 603,152
(iv) shared power to dispose of or direct the disposition of: 0
Page 27 of 38 Pages
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Kenneth J. Warren:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 364,995
(iii) sole power to dispose or to direct the disposition of: 364,995
(iv) shared power to dispose of or direct the disposition of: 0
David E. Johnston:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 219,875
(iii) sole power to dispose or to direct the disposition of: 219,875
(iv) shared power to dispose of or direct the disposition of: 0
Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated
April 21, 1989:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 209,632
(iii) sole power to dispose or to direct the disposition of: 2,247
(iv) shared power to dispose of or direct the disposition of: 207,385
Bennett Dorrance:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 209,632
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose of or direct the disposition of: 209,632
Drew M. Brown:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 207,779
(iii) sole power to dispose or to direct the disposition of: 394
(iv) shared power to dispose of or direct the disposition of: 207,385
Page 28 of 38 Pages
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Mark Sklar:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 207,779
(iii) sole power to dispose or to direct the disposition of: 394
(iv) shared power to dispose of or direct the disposition of: 207,385
DMB GP, Inc.
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 207,385
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or direct the disposition of: 207,385
DMB Property Ventures Limited Partnership:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 207,385
(iii) sole power to dispose or to direct the disposition of: 207,385
(iv) shared power to dispose of or direct the disposition of: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
The group has been dissolved by reason of termination of the
Stockholders Agreement; and therefore, those members who were five- percent
owners by reason of being a member of the group, have ceased to be five- percent
owners. See Item 4(b).
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See response to Item 2(a).
Page 29 of 38 Pages
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
The group has been dissolved inasmuch as the Stockholders Agreement to
which the members of the group were parties was terminated by agreement of the
parties on July 3, 2000. All further filings with respect to ownership by former
members of the group, if required, will be made in their individual capacity.
ITEM 10. CERTIFICATION.
Not applicable.
Page 30 of 38 Pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
BERENSON, MINELLA & CO. 1993 BERENSON, MINELLA & CO. 1996
PROFIT SHARING PLAN PROFIT SHARING PLAN
By: /s/ Gregg Feinstein By: /s/ Gregg Feinstein
-------------------------------- -------------------------------------
Gregg Feinstein, Authorized Signer Gregg Feinstein, Authorized Signer
Dated: July 18, 2000 Dated: July 18, 2000
----------------------------- ----------------------------------
BERENSON, MINELLA & CO., LLC.
By: /s/ Gregg Feinstein
--------------------------------
Gregg Feinstein, Authorized Signer
Dated: July 18, 2000
-----------------------------
DMB PROPERTY VENTURES LIMITED DMB GP, INC.
PARTNERSHIP
By: DMB GP, Inc.
By: /s/ Timothy A. Kaehr By: /s/ Timothy A. Kaehr
-------------------------------- -------------------------------------
Title: Executive Vice President Title: Executive Vice President
----------------------------- ----------------------------------
Dated: July 18, 2000 Dated: July 18, 2000
----------------------------- ----------------------------------
/s/ Raymond J. Minella
-----------------------------------
Raymond J. Minella
Dated: July 18, 2000
-----------------------------
/s/ Jeffrey L. Berenson /s/ Richard P. Johnston
----------------------------------- ----------------------------------------
Jeffrey L. Berenson Richard P. Johnston
Dated: July 18, 2000 Dated: June 30, 2000
----------------------------- ----------------------------------
/s/ Jayne A. Johnston /s/ Danny Edwards
----------------------------------- ----------------------------------------
Jayne Johnston Danny Edwards
Dated: June 30, 2000 Dated: July 8, 2000
----------------------------- ----------------------------------
Page 31 of 38 Pages
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/s/ Kenneth J. Warren /s/ David E. Johnston
----------------------------------- ----------------------------------------
Kenneth J. Warren David E. Johnston
Dated: June 29, 2000 Dated: June 29, 2000
----------------------------- ----------------------------------
/s/ Bennett Dorrance /s/ Drew Brown
----------------------------------- ----------------------------------------
Bennett Dorrance Drew M. Brown
Dated: July 10, 2000 Dated: July 10, 2000
----------------------------- ----------------------------------
/s/ Mark N. Sklar /s/ Bennett Dorrance
----------------------------------- ----------------------------------------
Mark N. Sklar Bennett Dorrance, Trustee of the
Bennett Dorrance Trust
Dated: July 11, 2000 Dated: July 10, 2000
----------------------------- ----------------------------------
/s/ Richard P. Johnston /s/ Jayne A. Johnston
----------------------------------- ----------------------------------------
Richard P. Johnston, trustee of Jayne Johnston, trustee of Johnston
Johnston Family Charitable Remainder Family Charitable Remainder Trust #3
Trust #3
Dated: June 30, 2000 Dated: June 30, 2000
----------------------------- ----------------------------------
Page 32 of 38 Pages
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EXHIBIT INDEX
Sequential
Exhibit Description Page No.
------- ----------- ----------
1 Statement Pursuant to Rule 13d-1(f) 35
2 Stockholder Agreement (incorporated by reference to
Exhibit 2 to the Schedule 13G filed by the Group on
February 17, 1998) N/A
3 Amendment to Stockholder Agreement (incorporated by
reference to Exhibit 3 to the Schedule 13G filed by
the Group on February 16, 1999) N/A
4 Termination of Stockholder Agreement dated as of
July 3, 2000 37
Page 33 of 38 Pages
