<PAGE>
-------------------------------
OMB APPROVAL
-------------------------------
OMB Number: 3235-0145
-------------------------------
Expires: October 31, 2002
-------------------------------
Estimated average burden hours
per response. . . 14.9
-------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
UNIONBANCORP, INC.
--------------------------------------------------------------------------------
Name of Issuer)
Common Stock, $1.00 par value per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
908908106
--------------------------------------------------------------------------------
(CUSIP Number)
Patrick J. Bruks,
330 North Wabash Ave., Suite 2200, Chicago, IL 60611 (312) 840-7090
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 12, 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 that is the subject of this Schedule 13D, and
is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f)
or 240.13d-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
Section 240.13d-7 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 ("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).
<PAGE>
<TABLE>
<S> <C>
CUSIP No. 908908106
-----------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
PAULA WOLFF
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
-----------------------------------------------------------------------------------------------------------------------
(a) X
-----------------------------------------------------------------------------------------------------------------------
(b) / /
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
3. SEC Use Only................................................................................................
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): PF (SEE ITEM 3)
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) _
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: UNITED STATES
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 0
Shares
Beneficially
Owned by
Each
Reporting
Person With
-----------------------------------------------------------------------------------------------------------------------
8. Shared Voting Power: 548,888 (SEE ITEMS 2 AND 5)
-----------------------------------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 548,888 (SEE ITEMS 2 AND 5)
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 548,888
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) / / (SEE ITEM 5)
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 13.9% (SEE ITEM 5)
-----------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): IN (SEE ITEM 2)
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
2
<PAGE>
<TABLE>
<S> <C>
CUSIP No. 908908106
-----------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
WAYNE W. WHALEN
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
-----------------------------------------------------------------------------------------------------------------------
(a) x
(b) / /
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
3. SEC Use Only................................................................................................
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): PF (SEE ITEM 3)
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) _
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: UNITED STATES
-----------------------------------------------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 0
Shares
Beneficially
Owned by
Each
Reporting
Person With
-----------------------------------------------------------------------------------------------------------------------
8. Shared Voting Power: 548,888 (SEE ITEMS 2 AND 5)
-----------------------------------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 548,888 (SEE ITEMS 2 AND 5)
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 548,888
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) / / (SEE ITEM 5)
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 13.9% (SEE ITEM 5)
----------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): IN (SEE ITEM 2)
----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
3
<PAGE>
<TABLE>
<S> <C>
CUSIP No. 908908106
-----------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
WPW ASSOCIATES, L.P., A GEORGIA LIMITED PARTNERSHIP
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
-----------------------------------------------------------------------------------------------------------------------
(a) x
(b) / /
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
3. SEC Use Only................................................................................................
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): PF (SEE ITEM 3)
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) _
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: GEORGIA
-----------------------------------------------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 36,950 (SEE ITEMS 2 AND 5)
Shares
Beneficially
Owned by
Each
Reporting
Person With
-----------------------------------------------------------------------------------------------------------------------
8. Shared Voting Power: 0
-----------------------------------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 36,950 (SEE ITEMS 2 AND 5)
-----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 0
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 548,888
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) / / (SEE ITEM 5)
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 13.9% (SEE ITEM 5)
----------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions): PN (SEE ITEM 2)
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
</TABLE>
4
<PAGE>
ITEMS TO SCHEDULE 13D
ITEM 1 SECURITY AND ISSUER.
This Statement relates to the common stock, $1.00 par value per share (the
"Union Common Stock") of UnionBancorp, Inc., a Delaware corporation (the
"Company"). The principal executive offices of the Company are located at 122
West Madison Street, Ottawa, Illinois 61350.
ITEM 2. IDENTITY AND BACKGROUND.
The undersigned, WPW Associates, L.P., a Georgia limited partnership ("WPW"),
Paula Wolff ("Wolff") and Wolff's husband, Wayne W. Whalen ("Whalen" and
collectively with WPW and Wolff, the "Reporting Persons"), hereby file this
Amendment No. 2 to their previously filed Schedule 13D. The Reporting Persons
originally filed a Schedule 13D to which this Amendment No. 2 relates on
October 10, 1996 with respect to their ownership of Union Common Stock and
Whalen and Wolff filed an Amendment No. 1 to such Schedule 13D on March 6,
2000. Wolff and Whalen are the general partners of WPW and, in such capacity,
each owns one percent of the outstanding partnership interests of WPW. Wolff
and Whalen are each citizens of the United States and reside at 4920 S.
Greenwood, Chicago, Illinois 60615. At the present time, Wolff is an
executive with Chicago Metropolitan 2020 which is a not-for-profit
organization located in Chicago, Illinois. Whalen is a partner in the law
firm of Skadden, Arps, Slate, Meagher & Flom (Illinois), 333 W. Wacker Drive,
Chicago, Illinois 60606. WPW is a family limited partnership established and
funded by Wolff and Whalen in 1996 for estate planning purposes. The address
of its principal business and principal office is 4920 S. Greenwood, Chicago,
Illinois 60615. During the last five years, neither WPW, nor Wolff, nor
Whalen (i) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors), or (ii) was party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and, as a
result of such proceeding, was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The consideration used by Wolff and Whalen on their own behalf and on
behalf of their children (the "WW Children") to purchase the shares of Union
Common Stock subject to this Statement came from their personal funds.
ITEM 4. PURPOSE OF TRANSACTION.
The shares of Union Common Stock subject to this Statement are held by
Wolff, Whalen and their children solely for investment purposes.
Although the Reporting Persons have not formulated any definitive
plans, they may from time to time acquire, or dispose of, common stock and/or
other securities of the Company if and
5
<PAGE>
when they deem it appropriate. The Reporting Persons may formulate other
purposes, plans or proposals relating to any of such securities of the Company
to the extent deemed advisable in light of market conditions, investment
policies and other factors. Except as indicated in this Statement, the Reporting
Persons have no current plans or proposals which would relate to or would result
in any of the matters described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OR ISSUER.
(a) Between May 5, 2000 and October 18, 2000, (i) Whalen and Wolff jointly
purchased 26,600 shares of Union Common Stock at an average price of
$10.94, which represents .7% of the issued and outstanding shares of Union
Common Stock; (ii) Whalen and Wolff also purchased on behalf of their
children, 14,700 shares of Union Common Stock at an average price of
$10.53, which represents .4% of the issued and outstanding shares of Union
Common Stock; and (iii) Wolff as custodian ("Wolff as UTMA custodian") of
UTMA accounts for certain WW Children purchased 15,500 shares of Union
Common Stock at an average price of $11.77 which represents .4% of the
issued and outstanding shares of Union Common Stock. In sum, between May 5,
2000 and October 18, 2000, Whalen and Wolff beneficially acquired 56,800
shares of Union Common Stock at an average price of $11.06 which represents
1.4% of the issued and outstanding shares of Union Common Stock and which
shares of Union Common Stock are the subject of this Amendment. The total
purchases of the Reporting Persons since their last Schedule 13D filing did
not however exceed, in the aggregate, more than 1% of the issued and
outstanding shares of Union Common Stock until October 12, 2000. In
addition, the Reporting Persons own 492,088 shares of Union Common Stock
which represent 12.4% of the issued and outstanding shares of Union Common
Stock. Such ownership was previously reported on a Schedule 13D filed on
October 10, 1996 as amended on March 6, 2000 (the "Prior 13D Filings")1.
In aggregate, the Reporting Persons currently beneficially own a total of
548,888 shares of Union Common Stock representing, collectively, 13.9% of
the issued and outstanding shares of Union Common Stock.
The number of shares of Union Common Stock beneficially owned by the
Reporting Persons and reported in this Amendment does not include 1,381
shares of Company's convertible preferred stock owned by WPW.
(b) Whalen and Wolff may each be deemed to share voting and dispositive power
with respect to 548,888 shares of Union Common Stock. WPW may be deemed to
have sole voting and dispositive power with respect to 36,950 shares of
Union Common Stock.
(c) The following is a description of transactions effectuated by the Reporting
Persons since the most recent Schedule 13D filing:
------------------
(1) The Prior 13D Filings incorrectly reported that the Reporting Persons owned
484,688 shares of Union Common Stock representing 11.98% of the issued and
outstanding shares of Union Common Stock.
6
<PAGE>
(a) Wolff as UTMA Custodian on 5/5/00, purchased 1200 shares of Union
Common Stock for $13.50 per share; (b) Wolff as UTMA Custodian on 5/8/00,
purchased 600 shares of Union Common Stock for $13.50 per share; (c) Wolff
as UTMA Custodian on 5/9/00, purchased 200 shares of Union Common Stock for
$13.50 per share; (d) Wolff as UTMA Custodian on 5/10/00, purchased 2000
shares of Union Common Stock for $13.25 per share; (e) Wolff as UTMA
Custodian on 5/22/00, purchased 2000 shares of Union Common Stock for
$12.44 per share; (f) Wolff as UTMA Custodian on 5/22/00, purchased 2000
shares of Union Common Stock for $12.44 per share; (g) WW Child on 6/7/00,
purchased 1000 shares of Union Common Stock for $12.00 per share; (h) WW
Child on 6/7/00, purchased 1000 shares of Union Common Stock for $12.00 per
share; (i) Wolff as UTMA Custodian on 8/10/00, purchased 3000 shares of
Union Common Stock for $10.13 per share; (j) WW Child on 8/22/00, purchased
2700 shares of Union Common Stock for $10.00 per share; (k) WW Child on
8/22/00, purchased 2000 shares of Union Common Stock for $10.00 per share;
(l) Wolff as UTMA Custodian on 8/22/00, purchased 500 shares of Union
Common Stock for $10.00 per share; (m) Whalen and Wolff on 6/12/00,
purchased 1100 shares of Union Common Stock for $10.50 per share; (n)
Whalen and Wolff on 6/7/00, purchased 4000 shares of Union Common Stock for
$12.00 per share; (o) Whalen and Wolff on 6/12/00, purchased 10,000 shares
of Union Common Stock for $10.50 per share; (p) Whalen and Wolff on
8/10/00, purchased 1500 shares of Union Common Stock for $10.13 per share;
(q) WW Child on 9/7/00, purchased 4,300 shares of Union Common Stock for
$10.00 per share; (r) Wolff as UTMA Custodian on 10/12/00, purchased 2000
shares of Union Common Stock for $10.75 per share; and (s) WW Child on
10/16/00 purchased 1000 shares of Union Common Stock for $10.75 per share;
(t) WW Child on 10/17/00 purchased 2700 shares of Union Common Stock for
$11.13 per share; (u) Wolff as UTMA Custodian on 10/18/00, purchased 2000
shares of Union Common Stock for $11.13 per share; and (v) Whalen and Wolff
on 10/18/00 purchased 10,000 shares of Union Common Stock for $11.13 per
share.
(d) The children of Wolff and Whalen have the right to receive dividends
and the proceeds from the sale of 30,200 shares of Union Common Stock.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
The Reporting Persons do not have any contracts, arrangements, understandings or
relationships (legal or otherwise) with any person with respect to any
securities of the Company, including but not limited to transfer or voting of
securities, finders fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or the given or
withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
7
<PAGE>
EXHIBIT A. Copy of an Agreement between Wolff, Whalen and WPW to file this
Statement on Schedule 13D on behalf of each of them.
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.
DATE: October 23, 2000 PAULA WOLFF
Chicago, Illinois /s/ Paula Wolff
------------------------------
An Individual
DATE: October 23, 2000 WAYNE W. WHALEN
Chicago, Illinois /s/ Wayne W. Whalen
------------------------------
An Individual
DATE: October 23, 2000 WPW. ASSOCIATES, L.P. a Georgia
Chicago, Illinois Limited Partnership
By: /s/ Paula Wolff
--------------------------
Name: Paula Wolff
------------------------
Title: General Partner
-----------------------
8
