<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ________)*
Lason, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
51808R 10 7
--------------------
(CUSIP Number)
Page 1 of 20 Pages
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.)(See Rule 13d-7).
*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 the
disclosures provided in a prior cover page.
The information required in 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> 2
CUSIP NO. 51808R 10 7 13G PAGE 2 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Robert A. Yanover
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 476,442 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
476,442 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
476,442 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 51808R 10 7 13G PAGE 3 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Robert A. Yanover Living Trust u/a/d May 11, 1982
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /x/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 476,442 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
476,442 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
476,442 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO (Trust)
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 51808R 10 7 13G PAGE 4 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Colin W. L. Armstrong
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 625,185 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 12,785 (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
625,185 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
637,970 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 51808R 10 7 13G PAGE 5 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Joseph Jonathan Yanover and Jennifer D. Yanover Irrevocable Trust Dated
January 5, 1993
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /x/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 625,185 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
625,185 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,185 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO (Trust)
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
CUSIP NO. 51808R 10 7 13G PAGE 6 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Joseph Jonathan Yanover and Jennifer D. Yanover Irrevocable Trust No.2 Dated
August 6, 1996
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /x/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 625,185 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
625,185 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,185 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO (Trust)
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
CUSIP NO. 51808R 10 7 13G PAGE 7 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Allen J. Nesbitt
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 881,310 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
881,310 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
881,310 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
CUSIP NO. 51808R 10 7 13G PAGE 8 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Allen J. Nesbitt Living Trust Dated December 7, 1994
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /x/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Michigan
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 881,310 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
881,310 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
881,310 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.2%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO (Trust)
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 9
CUSIP NO. 51808R 10 7 13G PAGE 9 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Robert S. Pavlock
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 220,324 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
220,324 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,324 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.6%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 10
CUSIP NO. 51808R 10 7 13G PAGE 10 OF 20 PAGES
----------- ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
James A. Nesbitt and Jennifer Rebecca Nesbitt Irrevocable Trust Effective
as of January 1, 1996
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:[ ]
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /x/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Michigan
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
None (See Item 4)
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 220,324 (See Item 4)
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH None (See Item 4)
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
220,324 (See Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
220,324 (See Item 4)
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.6%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO (Trust)
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 11
CUSIP No. 51808R 10 7 13G Page 11 of 20 Pages
ITEM 1 ISSUER:
(a) NAME
Lason, Inc. (the "Company")
(b) ADDRESS
1305 Stephenson Highway
Troy, Michigan 48083
ITEM 2 PERSONS FILING:
(a) NAMES OF PERSONS FILING:
This statement is filed jointly by each of the following persons
pursuant to Rule 13d-(1)(f) promulgated by the Securities and
Exchange Commission (the "SEC") under Section 13 of the
Securities Exchange Act of 1934, as amended (the "Act"): (i)
Robert A. Yanover Living Trust u/a/d May 11, 1982 (the "RAY
Trust"), (ii) Robert A. Yanover ("Yanover") as trustee of the
RAY Trust, (iii) Joseph Jonathan Yanover and Jennifer D. Yanover
Irrevocable Trust dated January 5, 1993 (the "J. Yanover
Trust"), (iv) Joseph Jonathan Yanover and Jennifer D. Yanover
Irrevocable Trust No. 2 Dated August 6, 1996 (the "J. Yanover
Trust No. 2"), (v) Colin W.L. Armstrong ("Armstrong") as trustee
of the J. Yanover Trust and the J. Yanover Trust No. 2, (vi) the
Allen J. Nesbitt Living Trust Dated December 7, 1994 (the "AJN
Trust"), (vii) Allen J. Nesbitt ("Nesbitt") as trustee of the
AJN Trust, (viii) James A. Nesbitt and Jennifer Rebecca Nesbitt
Irrevocable Trust Effective as of January 1, 1996 (the "JAN
Trust"), and (ix) Robert S. Pavlock ("Pavlock") as trustee of
the JAN Trust. The RAY Trust, Yanover, the J. Yanover Trust,
the J. Yanover Trust No. 2, Armstrong, the AJN Trust, Nesbitt,
the JAN Trust and Pavlock are sometimes referred to herein
individually as a "Reporting Person" and collectively as the
"Reporting Persons."
Information with respect to each of the Reporting Persons is
given solely by such Reporting Person, and no Reporting Person
assumes responsibility for the accuracy or completeness of
information by another Reporting Person. By their signature on
this statement, each of the Reporting Persons agrees that this
statement is filed on behalf of such Reporting Person.
The Reporting Persons and the other parties to the Voting
Agreement (as defined in Item 4) may be deemed to constitute a
"group" for purposes of Section 13(d)(3) of the Act. The
Reporting Persons expressly disclaim that they have agreed to
act as a group other than as described in this statement.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, IF NONE, RESIDENCE
11
<PAGE> 12
CUSIP No. 51808R 10 7 13G Page 12 of 20 Pages
<TABLE>
<S><C>
RAY Trust and Yanover: 133 Quayside Drive
Jupiter, Florida 33477
J. Yanover Trust, J. Yanover
Trust No. 2 and Armstrong: 11243-6 St. John's Industrial Parkway South
Jacksonville, Florida 32246
AJN Trust and Nesbitt: 28400 Schoolcraft
Livonia, Michigan 48150
JAN Trust and Pavlock: 27777 Franklin Road #1540
Southfield, Michigan 48034
(c) CITIZENSHIP
RAY Trust, J. Yanover Trust Florida Trusts
and J. Yanover Trust No. 2:
Michigan Trust
AJN Trust and JAN Trust:
Yanover, Armstrong, Nesbitt U.S. Citizens
and Pavlock:
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $.01 per share ("Common Stock")
(e) CUSIP NO.
51808R 10 7
</TABLE>
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13D-2(b),
CHECK WHETHER THE PERSON FILING IS A:
This statement is filed pursuant to Rule 13d-1(c). As such, the listed
alternatives are not applicable.
ITEM 4 OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED:
The shares of Common Stock (the "Shares") of Lason, Inc. (the
"Company") covered by this statement include 476,442 shares held by
the RAY Trust, of which Yanover is the trustee, 415,185 shares held
by the J. Yanover Trust of which Armstrong is the trustee, 210,000
shares held by the J. Yanover Trust No. 2 of which Armstrong is the
Trustee, 12,785 shares of which Armstrong has the right to direct the
disposition of;
12
<PAGE> 13
CUSIP No. 51808R 10 7 13G Page 13 of 20 Pages
881,310 shares held by the AJN Trust, of which Nesbitt is the trustee;
220,324 shares held by the JAN Trust of which Pavlock is the trustee.
The RAY Trust, the AJN Trust, the JAN Trust, Yanover, Nesbitt and Golder,
Thomas, Cressey, Rauner Fund IV, L.P. (the "Fund"), are parties to a
Voting Agreement dated as of October 7, 1996 (the "Voting Agreement").
The Voting Agreement provides that the parties thereto will vote in the
same manner on certain issues, including the election of directors. The
Reporting Persons and the Fund may be deemed to be a "group" for purposes
of Section 13d-3 of the Act as a result of the Voting Agreement, and,
based on the information contained in the Schedule 13G filed by the Fund
with respect to the year ended December 31, 1996, may be deemed to be the
beneficial owner of and share the power to vote or direct the vote of
2,500,002 additional shares of Common Stock that are subject to the terms
of the Voting Agreement as of December 31, 1996. If the Reporting
Persons were deemed to be the beneficial owner of or share the power to
vote or direct the vote of such additional shares of Common Stock, the
Reporting Persons would be deemed to be the beneficial owner of and share
the power to vote or direct the vote or dispose of or direct the
disposition of an aggregate of 4,716,048 shares or approximately 54.7% of
the Common Stock. The Reporting Persons disclaim beneficial ownership of
(and the power to vote or direct the vote of) the shares of Common Stock
beneficially owned by the Fund.
(b) PERCENT OF CLASS: (Based on 8,610,246 shares outstanding)
RAY Trust and Yanover: 5.5%
J. Yanover Trust, J. Yanover
Trust No. 2 and Armstrong: 7.4%
AJN Trust and Nesbitt: 10.2%
JAN Trust and Pavlock: 2.6%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or to direct the vote:
RAY Trust and Yanover: None
J. Yanover Trust, J. Yanover
Trust No. 2 and Armstrong: None
AJN Trust and Nesbitt: None
JAN Trust and Pavlock: None
(See Item 4(a))
13
<PAGE> 14
CUSIP No. 51808R 10 7 13G Page 14 of 20 Pages
(ii) Shared power to vote or to direct the vote:
Ray Trust and Yanover: 476,442
J. Yanover Trust, J. Yanover
Trust No. 2 and Armstrong: 625,185
AJN Trust and Nesbitt: 881,310
JAN Trust and Pavlock: 220,324
(See Item 4(a))
(iii) Sole power to dispose or to direct the disposition of:
Ray Trust and Yanover: None
Armstrong: 12,785
J. Yanover Trust and
J. Yanover Trust No. 2: None
AJN Trust and Nesbitt: None
JAN Trust and Pavlock: None
(See Item 4(a))
(iv) Shared power to dispose or to direct the disposition of:
RAY Trust and Yanover: 476,442
J. Yanover Trust, J. Yanover
Trust No. 2 and Armstrong: 625,185
AJN Trust and Nesbitt: 881,310
JAN Trust and Pavlock: 220,324
(See Item 4(a))
14
<PAGE> 15
CUSIP No. 51808R 10 7 13G Page 15 of 20 Pages
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is filed to report the fact that as of the date
hereof, the Reporting Persons have ceased to be the beneficially
owners of more than five percent of the class of securities, check
the following [ ].
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:
Not applicable.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
ITEM 10 CERTIFICATION:
Not applicable.
15
<PAGE> 16
CUSIP No. 51808R 10 7 13G Page 16 of 20 Pages
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.
DATED: February 13, 1997
ROBERT A. YANOVER LIVING TRUST
U/A/D MAY 11, 1982
By: /s/ Robert A. Yanover
-----------------------------
Robert A. Yanover, Trustee
JOSEPH JONATHAN YANOVER AND JENNIFER D. YANOVER
IRREVOCABLE TRUST DATED JANUARY 5, 1993
By: /s/ Colin W. L. Armstrong
-----------------------------
Colin W.L. Armstrong
JOSEPH JONATHAN YANOVER AND JENNIFER D. YANOVER
IRREVOCABLE TRUST NO. 2
By: /s/ Colin W. L. Armstrong
-----------------------------
Colin W.L. Armstrong
ALLEN J. NESBITT LIVING TRUST DATED DECEMBER 7,
1994
By: /s/ Allen J. Nesbitt
-----------------------------
Allen J. Nesbitt
JAMES A. NESBITT AND JENNIFER REBECCA NESBITT
IRREVOCABLE TRUST EFFECTIVE AS OF JANUARY 1,
1996 FOR THE BENEFIT OF JAMES A. NESBITT
By: /s/ Robert S. Pavlock
-----------------------------
Robert S. Pavlock
(SIGNATURES CONTINUED ON NEXT PAGE)
16
<PAGE> 17
CUSIP No. 51808R 10 7 13G Page 17 of 20 Pages
/s/ Robert A. Yanover
-----------------------------
Robert A. Yanover
/s/ Allen J. Nesbitt
-----------------------------
Allen J. Nesbitt
/s/ Robert S. Pavlock
-----------------------------
Robert S. Pavlock
/s/ Colin W. L. Armstrong
-----------------------------
Colin W. L. Armstrong
17
<PAGE> 18
CUSIP No. 51808R 10 7 13G Page 18 of 20 Pages
EXHIBITS
Exhibit I Joint Filing Agreement amoung the Reporting Person pursuant to
Rule 13d-1(f) under the Securties Exchange Act of 1934, as
amended.
18
<PAGE> 19
CUSIP No. 51808R 10 7 13G Page 19 of 20 Pages
EXHIBIT I
SCHEDULE 13G JOINT FILING AGREEMENT
The undersigned and each other person executing this joint filing
agreement (this "Agreement") agree as follows:
(i) The undersigned and each other person executing this Agreement are
individually eligible to use the Schedule 13G to which this Exhibit is attached
and such Schedule 13G is filed on behalf of the undersigned and each other
person executing this Agreement; and
(ii) The undersigned and each other person executing this Agreement are
responsible for the timely filing of such Schedule 13G and any amendments
thereto, and for the completeness and accuracy of the information concerning
such person contained therein; but note of the undersigned or any other person
executing this Agreement is responsible for the completeness or accuracy of the
information statement concerning any other persons making the filing, unless
such person knows or has reason to believe that such information is inaccurate.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original, but all of which, taken together,
shall constitute one and the same instrument.
DATED: February 13, 1997
ROBERT A. YANOVER LIVING TRUST
U/A/D MAY 11, 1982
By: /s/ Robert A. Yanover
-------------------------------
Robert A. Yanover, Trustee
JOSEPH JONATHAN YANOVER AND JENNIFER D. YANOVER
IRREVOCABLE TRUST DATED JANUARY 5, 1993
By: /s/ Colin W. L. Armstrong
-------------------------------
Colin W.L. Armstrong
JOSEPH JONATHAN YANOVER AND JENNIFER D. YANOVER
IRREVOCABLE TRUST NO. 2
By: /s/ Colin W. L. Armstrong
----------------------------
Colin W.L. Armstrong
19
<PAGE> 20
CUSIP No. 51808R 10 7 13G Page 20 of 20 Pages
ALLEN J. NESBITT LIVING TRUST DATED
DECEMBER 7, 1994
By: /s/ Allen J. Nesbitt
-----------------------------
Allen J. Nesbitt
JAMES A. NESBITT AND JENNIFER REBECCA
NESBITT IRREVOCABLE TRUST EFFECTIVE AS OF
JANUARY 1, 1996 FOR THE BENEFIT OF JAMES
A. NESBITT
By: /s/ Robert S. Pavlock
-----------------------------
Robert S. Pavlock
/s/ Robert A. Yanover
------------------------------
Robert A. Yanover
/s/ Allen J. Nesbitt
------------------------------
Allen J. Nesbitt
/s/ Robert S. Pavlock
------------------------------
Robert S. Pavlock
/s/ Colin W. L. Armstrong
------------------------------
Colin W. L. Armstrong
20
