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CUSIP No. 970646 10 5 13G Page 1 of 10 Pages
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(AMENDMENT NO. 2)(1)
Willis Lease Finance Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
970646 10 5
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
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(1) 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 ("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).
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CUSIP No. 970646 10 5 13G Page 2 of 10 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
CFW Partners, L.P., a California Limited Partnership ("CFW Partners")
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
California Limited Partnership
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NUMBER OF (5) SOLE VOTING POWER
SHARES
BENEFICIALLY 2,984,422
OWNED BY --------------------------------------------------
EACH (6) SHARED VOTING POWER
REPORTING
PERSON 0
WITH: --------------------------------------------------
(7) SOLE DISPOSITIVE POWER
2,984,422
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(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,984,422
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* /X/
Excludes shares owned, and options exercisable, by Charles F. Willis, IV
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
40.3%
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 970646 10 5 13G Page 3 of 10 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Charles F. Willis, IV
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
SHARES
BENEFICIALLY 73,500
OWNED BY --------------------------------------------------
EACH (6) SHARED VOTING POWER
REPORTING
PERSON 2,984,422 shares which are directly owned by
WITH: CFW Partners. Mr. Willis is both a general
partner and a limited partner of CFW
Partners.
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(7) SOLE DISPOSITIVE POWER
73,500
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(8) SHARED DISPOSITIVE POWER
2,984,422 shares which are directly owned by
CFW Partners. Mr. Willis is both a general
partner and a limited partner of CFW
Partners.
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,057,922
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
41.3%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 970646 10 5 13G Page 4 of 10 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Austin Chandler Willis 1995 Irrevocable Trust
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH (6) SHARED VOTING POWER
REPORTING
PERSON 2,984,422 shares which are directly owned by
WITH: CFW Partners. The Austin Chandler Willis
1995 Irrevocable Trust is a limited partner
of CFW Partners.
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(7) SOLE DISPOSITIVE POWER
0
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(8) SHARED DISPOSITIVE POWER
2,984,422 shares which are directly owned by
CFW Partners. The Austin Chandler Willis
1995 Irrevocable Trust is a limited partner
of CFW Partners.
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,984,422
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* /X/
Excludes shares owned, and options exercisable, by Charles F. Willis, IV
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
40.3%
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(12) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 970646 10 5 13G Page 5 of 10 Pages
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ITEM 1(a). NAME OF ISSUER:
Willis Lease Finance Corporation (the "Issuer")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE:
2320 Marinship Way, Suite 300
Sausalito, CA 94965
ITEM 2(a) - (c) NAME OF PERSON FILING; ADDRESS OF PRINCIPAL PLACE OF
BUSINESS; CITIZENSHIP:
This statement is being filed by CFW Partners, L.P., a
California Limited Partnership whose principal address
is c/o Willis Lease Finance Corporation, 2320
Marinship Way, Suite 300, Sausalito, CA 94965 and
Charles F. Willis, IV, a United States citizen whose
address is c/o Willis Lease Finance Corporation, 2320
Marinship Way, Suite 300, Sausalito, CA 94965. The
names, business addresses and citizenships of the
general partner and limited partners of CFW Partners
are set forth on Exhibit A hereto. Charles F. Willis,
IV and Austin Chandler Willis 1995 Irrevocable Trust
are each limited partners of CFW Partners. Charles F.
Willis, IV is also the general partner of CFW
Partners. Exhibit B sets forth the Filing Persons'
agreement regarding this Schedule 13G.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock (the "Common Stock")
ITEM 2(e). CUSIP NUMBER:
970646 10 5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b),
OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING
IS A:
Not Applicable
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CUSIP No. 970646 10 5 13G Page 6 of 10 Pages
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ITEM 4. OWNERSHIP.
CFW PARTNERS
(a) Amount beneficially owned: 2,984,422 Shares
(b) Percent of class: 40.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
2,984,422
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the
disposition of: 2,984,422
(iv) Shared power to dispose or to direct the
disposition of: 0
CHARLES F. WILLIS, IV
(a) Amount beneficially owned: 3,057,922 Shares
(b) Percent of class: 41.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
73,500
(ii) Shared power to vote or to direct the vote:
2,984,422
(iii) Sole power to dispose or to direct the
disposition of: 73,500
(iv) Shared power to dispose or to direct the
disposition of: 2,984,422
AUSTIN CHANDLER WILLIS 1995 IRREVOCABLE TRUST
(a) Amount beneficially owned: 2,984,422 Shares
(b) Percent of class: 40.3
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote:
2,984,422
(iii) Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 2,984,422
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
Not Applicable
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CUSIP No. 970646 10 5 13G Page 7 of 10 Pages
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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.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
Not Applicable
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CUSIP No. 970646 10 5 13G Page 8 of 10 Pages
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SIGNATURE
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.
CFW PARTNERS, L.P., A CALIFORNIA LIMITED
PARTNERSHIP
DATED: FEBRUARY 14, 2000 BY: /s/ Charles F. Willis IV
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A GENERAL PARTNER
DATED: FEBRUARY 14, 2000 /s/ Charles F. Willis IV
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CHARLES F. WILLIS, IV
AUSTIN CHANDLER WILLIS 1995 IRREVOCABLE TRUST
DATED: FEBRUARY 14, 2000 BY: /s/ Elizabeth W. Leatherman
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ELIZABETH W. LEATHERMAN, AS TRUSTEE
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CUSIP No. 970646 10 5 13G Page 9 of 10 Pages
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EXHIBIT A
Set forth below, with respect to the general partner and limited
partners of CFW Partners, is the following: (a) name; (b) business address
and (c) citizenship.
1. (a) Charles F. Willis, IV
(b) c/o Willis Lease Finance Corporation
2320 Marinship Way, Suite 300
Sausalito, CA 94965
(c) United States
2. (a) Austin Chandler Willis 1995 Irrevocable Trust
(b) c/o Willis Lease Finance Corporation
2320 Marinship Way, Suite 300
Sausalito, CA 94965
(c) United States
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CUSIP No. 970646 10 5 13G Page 10 of 10 Pages
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EXHIBIT B
JOINT FILING AGREEMENT
Agreement among CFW Partners, L.P., a California Limited Partnership,
Charles F. Willis, IV and The Austin Chandler Willis 1995 Irrevocable Trust,
whereby, in accordance with Rule 13d-1(k) under the Securities Exchange Act
of 1934, each of the persons named below agree to the joint filing on behalf
of each of them of a Statement on Schedule 13G with respect to the equity
securities of Willis Lease Finance Corporation and further agree that this
Joint Filing Agreement be included as an exhibit to such joint filing,
provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be
responsible for the completeness or accuracy of the information concerning
the other person making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
In evidence thereof the undersigned, being duly authorized, hereby
execute this Joint Filing Agreement in counterpart as of this 14th day of
February, 2000.
CFW PARTNERS, L.P., A CALIFORNIA LIMITED
PARTNERSHIP
BY: /s/ Charles F. Willis IV
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A GENERAL PARTNER
/s/ Charles F. Willis IV
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CHARLES F. WILLIS, IV
AUSTIN CHANDLER WILLIS 1995 IRREVOCABLE TRUST
BY: /s/ Elizabeth W. Leatherman
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ELIZABETH W. LEATHERMAN, AS TRUSTEE
