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| FORM 3 | / OMB APPROVAL /
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[_] Check this box if no longer / OMB Number: 3235-0104 /
subject to Section 16. Form 4 or / Expires: September 30, 1998 /
Form 5 obligation may continue. / Estimated average burden /
See Instruction 1(b). / hours per response 0.5 /
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
[_] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
FlightTechnics, LLC
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(Last) (First) (Middle)
520 West Palmdale Blvd., Suite C-1
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(Street)
Palmdale CA 93551
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year) 11/30/00
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3. IRS Social Security Number of Reporting Person (Voluntary) 95-4833239
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4. Issuer Name and Ticker or Trading Symbol Willis Lease Finance Corporation
(WLFC)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
___ Director ___ Officer X 10% Owner ___ Other
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(give title below) (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)
____ Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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TABLE I--Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 3) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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<S> <C> <C> <C>
Common stock, par value $0.01 per share 1,300,000 D N/A
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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
4(b)(v).
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<TABLE>
<CAPTION>
FORM 3 (continued) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
Security Instr. 4) cisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Derivative Security Exercise Form of (Instr. 5)
Date (Instr. 4) Price of Deriv-
(Month/Day/Year) Deri- ative
---------------------------------------------- vative Security:
Date Expira- Amount rity Direct
Exer- tion Title or (D) or
cisable Date Number Indirect
of (I)
Shares (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock option (right to buy) 11/30/00 5/29/02 Common Stock 1,700,000* $15.00* D N/A
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Explanation of Responses:
* See Exhibit C
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FLIGHTTECHNICS, LLC
/s/ Hans Ulrich Beyeler 12/11/00
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Hans Ulrich Beyeler, President and with power Date
of attorney for the other Reporting Persons
**Signature of Reporting Person
** 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.
</TABLE>
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EXHIBIT A
POWER OF ATTORNEY
Know all by these presents, that each of the undersigned hereby
constitutes and appoints each of Hans Ulrich Beyeler and Hans Jorg Hunziker,
signing singly, the undersigned's true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the
undersigned's capacity as a 10% beneficial owner of Willis
Lease Finance Corporation, a Delaware corporation (the
"Company"), Forms 3, 4, and 5 in accordance with Section 16
(a) of the Securities Exchange Act of 1934 and the rules
thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4, or 5 and timely file such form
with the United States Securities and Exchange Commission and
any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this
Power of Attorney shall be in such form and shall contain such
terms and conditions as such attorney-in-fact may approve in
such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor are any of the undersigned assuming, any of
the undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.
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IN WITNESS WHEREOF, each of the undersigned has caused this Power of
Attorney to be executed as of this 11th day of December, 2000.
FlightTechnics, LLC
By: /s/ Hans Ulrich Beyeler
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Hans Ulrich Beyeler, President and CEO
By: /s/ Matthias Mueller
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Matthias Mueller, Vice President and CFO
SR Technics Group America, Inc.
By: /s/ Hans Ulrich Beyeler
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Hans Ulrich Beyeler, President and CEO
By: /s/ Georg Radon
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Georg Radon, Vice President and CFO
Flightlease AG
By: /s/ Hans Jorg Hunziker
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Hans Jorg Hunziker, President and CEO
By: /s/ Matthias Mueller
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Matthias Mueller, Head of Business
Development
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SR Technics Group
By: /s/ Hans Ulrich Beyeler
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Hans Ulrich Beyeler, President and CEO
By: /s/ Georg Radon
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Georg Radon, Vice President and CFO
<PAGE>
EXHIBIT B
JOINT FILER INFORMATION
1. Name: SR Technics Group America, Inc.
Address: 520 West Palmdale Blvd., Suite C-1
Palmdale, CA 93551
Designated Filer: FlightTechnics, LLC
Issuer and Ticker Symbol: Willis Lease Finance Corporation (WLFC)
Date of Event Requiring Statement: November 30, 2000
2. Name: Flightlease AG
Address: DY
CH-8058 Zurich Airport
Zurich, Switzerland
Designated Filer: FlightTechnics, LLC
Issuer and Ticker Symbol: Willis Lease Finance Corporation (WLFC)
Date of Event Requiring Statement: November 30, 2000
3. Name: SR Technics Group
Address: TB
CH-8058 Zurich Airport
Zurich, Switzerland
Designated Filer: FlightTechnics, LLC
Issuer and Ticker Symbol: Willis Lease Finance Corporation (WLFC)
Date of Event Requiring Statement: November 30, 2000
<PAGE>
EXHIBIT C
* Pursuant to an Investment Agreement dated as of November 7, 2000 among the
Issuer and the Reporting Persons, FlightTechnics, LLC has an option, from
November 30, 2000 to May 29, 2002, to purchase between 1,700,000 shares and that
number that when added to the 1,300,000 shares acquired on November 30, 2000
would equal 34.9% of the Issuer's then outstanding Common Stock. The purchase
price for the 1,700,000 shares is $15.00 per share and the purchase price for
the additional shares is $16.50 per share. The exercise of the option is subject
to certain conditions being satisfied.
Each of SR Technics Group America, Inc. and Flightlease AG own a 50%
membership interest in FlightTechnics, LLC, and therefore, may each be deemed to
indirectly beneficially own 1,500,000 shares of the Issuer's Common Stock for
purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the
"Act"). The joint filing of this Form 3 should not be deemed an admission that
the Reporting Persons comprise a group within the meaning of Section 13(d)(3) of
the Act. Each of the Reporting Persons disclaims beneficial ownership of the
shares beneficially owned by any of the other Reporting Persons.
