<PAGE> 1
OMB APPROVAL
OMB NUMBER: 3235-0145
EXPIRES: OCTOBER 31, 1994
ESTIMATED AVERAGE BURDEN
HOURS PER FORM . . . . 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Power-One, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
739308 10 4
- -------------------------------------------------------------------------------
(CUSIP Number)
David A. Knight, c/o Stephens Group, Inc., 111 Center Street, Little Rock, AR
72201, (501) 377-2573
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
June 8, 1998
- -------------------------------------------------------------------------------
(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 which 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(b) 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> 2
- ---------------------- ---------------------
CUSIP No. 739308 10 4 Page 2 of 22 Pages
- ---------------------- ---------------------
SCHEDULE 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
Stephens Group, Inc.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Arkansas
- --------------------------------------------------------------------------------
7 Sole Voting Power
-0-
------------------------------------------------------
NUMBER OF 8 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING
PERSON -0-
WITH ------------------------------------------------------
10 Shared Dispositive Power
3,704,050
------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,704,050
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [x]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
21.7
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
HC,CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
- ---------------------- ---------------------
CUSIP No. 739308 10 4 Page 3 of 22 Pages
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
Stephens Inc.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [x]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Arkansas
- --------------------------------------------------------------------------------
7 Sole Voting Power
45,005
------------------------------------------------------
NUMBER OF 8 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING
PERSON 45,005
WITH ------------------------------------------------------
10 Shared Dispositive Power
69,700
------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
114,705
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [x]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.7
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
- ---------------------- ---------------------
CUSIP No. 739308 10 4 Page 4 of 22 Pages
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
Jackson T. Stephens
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Arkansas
- --------------------------------------------------------------------------------
7 Sole Voting Power
24,000
------------------------------------------------------
NUMBER OF 8 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING
PERSON 22,000
WITH ------------------------------------------------------
10 Shared Dispositive Power
275,112
------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
297,112
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [x]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
1.7
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 5
- ---------------------- ---------------------
CUSIP NO. 739308 10 4 PAGE 5 OF 22 PAGES
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Warren A. Stephens
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arkansas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 52,272
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 117,609
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
52,272
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
612,755
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
665,027
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 6
- ---------------------- ---------------------
CUSIP NO. 739308 10 4 PAGE 6 OF 22 PAGES
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Bess C. Stephens
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arkansas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 30,000
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
548,075
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
548,075
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 7
- ---------------------- ---------------------
CUSIP NO. 739308 10 4 PAGE 7 OF 22 PAGES
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Vernon J. Giss
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arkansas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
151,204
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
151,204
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 8
- ---------------------- ---------------------
CUSIP No. 739308 10 4 Page 8 of 22 Pages
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
Jon E.M. Jacoby
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Arkansas
- --------------------------------------------------------------------------------
7 Sole Voting Power
23,522
------------------------------------------------------
NUMBER OF 8 Shared Voting Power
SHARES
BENEFICIALLY 207,609
OWNED BY ------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING
PERSON 23,522
WITH ------------------------------------------------------
10 Shared Dispositive Power
1,423,863
------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,447,385
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [x]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.5
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 9
- ---------------------- ---------------------
CUSIP No. 739308 10 4 Page 9 of 22 Pages
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
William Walker
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [x]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Arkansas
- --------------------------------------------------------------------------------
7 Sole Voting Power
7,841
------------------------------------------------------
NUMBER OF 8 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING
PERSON 7,841
WITH ------------------------------------------------------
10 Shared Dispositive Power
-0-
------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,841
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [x]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.0
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 10
- ---------------------- ----------------------
CUSIP No. 739308 10 4 Page 10 of 22 Pages
- ---------------------- ----------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
Curtis F. Bradbury, Jr.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Arkansas
- --------------------------------------------------------------------------------
7 Sole Voting Power
-0-
------------------------------------------------------
NUMBER OF 8 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING
PERSON -0-
WITH ------------------------------------------------------
10 Shared Dispositive Power
156,816
------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
156,816
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [x]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.9
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 11
- ---------------------- ---------------------
CUSIP No. 739308 10 4 Page 11 of 22 Pages
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
Douglas H. Martin
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Arkansas
- --------------------------------------------------------------------------------
7 Sole Voting Power
41,818
------------------------------------------------------
NUMBER OF 8 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING
PERSON 41,818
WITH ------------------------------------------------------
10 Shared Dispositive Power
67,953
------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
109,771
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [x]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.6
- --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 12
- ---------------------- ---------------------
CUSIP NO. 739308 10 4 PAGE 12 OF 22 PAGES
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Elizabeth Stephens Campbell
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arkansas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
671,233
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
671,233
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 13
- ---------------------- ---------------------
CUSIP NO. 739308 10 4 PAGE 13 OF 22 PAGES
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
I. Ernest Butler, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arkansas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 90,000
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
90,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 14
- ---------------------- ---------------------
CUSIP NO. 739308 10 4 PAGE 14 OF 22 PAGES
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Wilton R. Stephens, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arkansas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 30,000
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
761,234
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
761,234
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 15
- ---------------------- ---------------------
CUSIP NO. 739308 10 4 PAGE 15 OF 22 PAGES
- ---------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Pamela Diane Stephens
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arkansas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
366,871
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,871
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 16
- ---------------------- ---------------------
CUSIP No. 739308 10 4 Page 16 of 22 Pages
- ---------------------- ---------------------
ITEM 1. SECURITY AND ISSUER
This Amendment No. 2 to Schedule 13D relates to the common stock, par
value $.001 per share, of Power-One, Inc. ("Power-One"), the principal
executive offices of which are located at 740 Calle Plano, Camarillo,
California 93012. This Amendment No. 2 is being filed to report (i) a
decrease in the percentage of Power-One common stock beneficially owned by
Stephens Inc. and (ii) that the persons listed in subparagraph (a) of Item 5
hereto have contributed to a voting trust certain shares of common stock of
Power-One beneficially owned by them. The voting trust, and not the persons
listed in subparagraph (a) of Item 5, will have voting power over these shares
and thus the voting trust and its participants are filing a separate Schedule
13D concurrently herewith.
ITEM 2. IDENTITY AND BACKGROUND
(a) This Amendment No. 2 is being filed by and on behalf of (i)
Stephens Group, Inc., (ii) Stephens Inc., (iii) Jackson T. Stephens, (iv) Bess
C. Stephens, (v) Warren A. Stephens, (vi) Wilton R. Stephens, Jr., (vii)
Elizabeth Stephens Campbell, (viii) Jon E.M. Jacoby, (ix) Vernon J. Giss, (x)
William Walker, (xi) Curtis F. Bradbury, Jr., (xii) Douglas H. Martin, (xiii)
I. Ernest Butler, Jr. and (xiv) Pamela Diane Stephens (collectively, the
"Reporting Persons").
(b) I. Ernest Butler, Jr., director of Stephens Group, Inc.,
retired on January 30, 1998.
(c) On or about June 3, 1998, Stephens Inc., a wholly-owned
second-tier subsidiary of Stephens Group, Inc., submitted a letter of consent
with NASDR consenting to a fine in connection with an allegation that it had
failed to execute seven transactions on behalf of public customers at the best
inter-dealer market price as reported by Nasdaq, had failed to cross two
customer orders with open limit orders which offered better prices, and had
failed in eight instances to publish immediately bids or offers that reflected
the prices and full size of customer limit orders that were at prices which
would have improved Stephens' bid or offer in certain securities.
(d) Other than as described above, the Item 2 information
regarding the Reporting Persons that was set forth in the original Schedule 13D
and Amendment No. 1 thereto remains unchanged.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Item 3 information regarding the Reporting Persons that was set
forth in the original Schedule 13D and Amendment No. 1 thereto remains
unchanged.
ITEM 4. PURPOSE OF TRANSACTION
(a) Collectively, Stephens Group, Inc. and persons who may be
considered affiliates of Stephens Group, Inc. beneficially own approximately
43.5% of the outstanding common stock of Power-One. Stephens Inc., a
wholly-owned second-tier subsidiary of Stephens Group, Inc., is a registered
broker-dealer and desires to engage in certain market- making activities and
other principal transactions in the common stock of Power-One without the need
to deliver a prospectus under current law and regulations. In order to do so,
it is necessary that Stephens Inc. not be deemed an "affiliate" under the
Securities Act of 1933, as amended (the "Act") and the Exchange Act of 1934, as
amended (the "Exchange Act"). Therefore, the persons set forth in subparagraph
(a) of Item 5 entered into a voting trust agreement because the relationships
among them, Stephens Inc. and Power-One may create an inference that Stephens
Inc. is an "affiliate" of Power-One under the Act and the Exchange Act.
This Amendment No. 2 is being filed to reflect the disposition
by Stephens Group, Inc. and the persons listed in subparagraph (a) of Item 5 of
the shares of Power-One common stock into the voting trust described above.
These persons have filed concurrently herewith a separate Schedule 13D to
reflect the formation of the voting trust. The number of shares of Power-One
common stock owned by persons who may be considered affiliates of Stephens
Group, Inc., which shares have not been deposited in the voting trust, is less
than 5% of the
<PAGE> 17
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CUSIP No. 739308 10 4 Page 17 of 22 Pages
- ---------------------- ---------------------
outstanding common stock of Power-One. Accordingly, those persons not
participating in the voting trust will no longer have a reporting obligation
under Regulation 13D.
(b) This Amendment No. 2 is also being filed to report a decrease
in the percentage of Power-One common stock beneficially owned by Stephens Inc.
Stephens Inc. disposed shares of Power-One common stock resulting in a change
of beneficial ownership of Power-One common stock in excess of 1% of the
outstanding shares. This disposition related to market-making activities by
Stephens Inc. Stephens Inc. currently beneficially owns 114,705 shares of
Power-One common stock.
(c) Other than the market-making activities of Stephens Inc.
described in (a) above, the reporting Persons have no current plans or
proposals to effect any transactions described in subparagraphs (a) through (j)
of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The following persons have entered into a voting trust
agreement dated as of June 8, 1998: (i) James Sommers as Voting Trustee
pursuant to the Voting Trust Agreement dated as of June 8, 1998, (ii) Stephens
Group, Inc., (iii) Jackson T. Stephens Trust No. One, (iv) Bess C. Stephens
Trust, (v) Warren A. Stephens Trust, (vi) Warren & Harriet Stephens Children's
Trust, (vii) Harriet Calhoun Stephens Trust, (viii) Elizabeth Ann Stephens
Campbell Revocable Trust, (ix) W. R. Stephens, Jr. Revocable Trust, (x) Jackson
T. Stephens Grandchildrens Trust AAAA, (xi) Pamela Diane Stephens Trust One,
(xii) Warren Miles Amerine Stephens Trust, (xiii) John Calhoun Stephens Trust,
(xiv) Laura Whitaker Stephens Trust, (xv) J & J Partners, (xvi) Jacoby
Enterprises, Inc., (xvii) Coral Two Corporation, (xviii) Coral Partners, (xix)
Douglas H. Martin, (xx) Curtis F. Bradbury, Jr., (xxi) Bradbury Enterprises,
and (xxii) Jon E.M. Jacoby. The persons listed in (ii) through (xxii) have
placed certain shares of Power-One common stock owned by them in the voting
trust. Pursuant to the terms of the voting trust agreement, these persons have
no voting power and only shared dispositive power over the shares of Power-One
common stock deposited in the voting trust and thus are no longer deemed the
beneficial owners of those shares. Accordingly, these persons, together with
the persons listed below as trustees of the persons listed in (iii) through
(xiv), are reporting persons on a separate and original Schedule 13D being
filed concurrently herewith, and will no longer be reporting persons under this
Amendment No. 2.
The trustees for the persons listed in (iii) through (xiv) above are
as follows:
<TABLE>
<S> <C>
Jackson T. Stephens Trust No. One Jackson T. Stephens
Warren A. Stephens
Bess C. Stephens Trust Bess C. Stephens
Jackson T. Stephens
Vernon J. Giss
Warren A. Stephens Trust Warren A. Stephens
Warren & Harriet Stephens Children's Trust Jon E.M. Jacoby
Harriet Calhoun Stephens Trust Harriet C. Stephens
Elizabeth Ann Stephens Campbell Revocable Trust Elizabeth Stephens Campbell
W. R. Stephens, Jr. Revocable Trust Wilton R. Stephens, Jr.
Jackson T. Stephens Grandchildrens Trust AAAA Jon E.M. Jacoby
</TABLE>
<PAGE> 18
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CUSIP No. 739308 10 4 Page 18 of 22 Pages
- ---------------------- ---------------------
<TABLE>
<S> <C>
Pamela Diane Stephens Trust One Bess C. Stephens
Elizabeth Stephens Campbell
Wilton R. Stephens, Jr.
Pamela Diane Stephens
Warren Miles Amerine Stephens Trust Warren A. Stephens
John Calhoun Stephens Trust Warren A. Stephens
Laura Whitaker Stephens Trust Warren A. Stephens
</TABLE>
(b) The following table discloses the ownership of the common
stock of Power-One by the Reporting Persons and the directors and executive
officers of Stephens Group, Inc.:
<TABLE>
<CAPTION>
Percent of
Number of Shares Outstanding Voting Power Investment Power
Name Shares
<S> <C> <C> <C> <C>
Stephens Group, Inc. 3,704,050 21.7 -0- Shared: 3,704,050
Stephens Inc. 114,705 0.7 Sole: 45,005 Sole: 45,005
Shared: 69,700
Jackson T. Stephens (1) 297,112 1.7 Sole: 24,000 Sole: 22,000
Shared: 275,112
Warren A. Stephens (2) 665,027 3.9 Sole: 52,272 Sole: 52,272
Shared: 117,609 Shared: 612,755
Bess C. Stephens (3) 548,075 3.2 Shared: 30,000 Shared: 548,075
Vernon J. Giss (4) 151,204 0.9 -0- Shared: 151,204
Jon E.M. Jacoby (5) 1,447,385 8.5 Sole: 23,522 Sole: 23,522
Shared: 207,609 Shared: 1,423,863
Elizabeth Stephens Campbell (6) 671,233 3.9 -0- Shared: 671,233
Wilton R. Stephens, Jr. (7) 761,234 4.5 Shared: 30,000 Shared: 761,234
Craig D. Campbell -0- -0- -0- -0-
William Walker 7,841 0.0 Sole: 7,841 Sole: 7,841
Curtis F. Bradbury, Jr. (8) 156,816 0.9 -0- Shared: 156,816
Douglas H. Martin (9) 109,771 0.6 Sole: 41,818 Sole: 41,818
Shared: 67,953
Pamela Diane Stephens (10) 366,871 2.2 -0- Shared: 366,871
I. Ernest Butler, Jr. 90,000 0.5 Shared: 90,000 Shared: 90,000
</TABLE>
(1) Includes 121,908 shares beneficially owned by Jackson
T. Stephens Trust No. One and 151,204 shares beneficially owned by Bess C.
Stephens Trust, of which Jackson T. Stephens is a trustee. Also includes
24,000 shares owned by Jackson T. Stephens.
(2) Includes 121,908 shares beneficially owned by Jackson
T. Stephens Trust No. One, 87,989 shares beneficially owned by Warren A.
Stephens Trust, 63,720 shares beneficially owned by each of Warren Miles
Amerine Stephens Trust, John Calhoun Stephens Trust and Laura Whitaker Stephens
Trust, and 39,203 shares owned by each of Grandchild's Trust One, Grandchild's
Trust Two, and Grandchild's Trust Three. Warren A. Stephens is a trustee of
each of these trusts. Also includes 52,272 shares owned by Stephens Inc.
Custodian for Warren A. Stephens IRA and 94,089 shares beneficially owned by
Coral Partners, of which Mr. Stephens is a general partner.
(3) Includes 151,204 shares beneficially owned by Bess C.
Stephens Trust and 366,871 shares beneficially owned by Pamela Diane Stephens
Trust One, of which Bess C. Stephens is a trustee.
<PAGE> 19
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CUSIP No. 739308 10 4 Page 19 of 22 Pages
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(4) Includes 151,204 shares beneficially owned by Bess C.
Stephens Trust, of which Vernon J. Giss is a trustee.
(5) Includes 39,203 shares owned by each of Grandchild's
Trust One UID 12/16/85, Grandchild's Trust Two UID 12/16/85 and Grandchild's
Trust Three UID 12/89, 130,679 shares beneficially owned by Warren & Harriet
Stephens Children's Trust UID 9/30/87, 492,289 shares beneficially owned by
Jackson T. Stephens Grandchildren's Trust AAAA, and 30,000 shares owned by each
of Susan Stephens Campbell 1995 Trust UID 12/4/95, Craig D. Campbell, Jr. 1995
Trust UID 12/4/95 and Elizabeth Chisum Campbell 1995 Trust UID 12/4/95. Mr.
Jacoby is a trustee for each of these trusts. Also includes 52,272 shares
beneficially owned by J & J Partners, 209,088 shares beneficially owned by
Jacoby Enterprises, Inc., 143,748 shares beneficially owned by Coral Two
Corporation, 23,522 shares owned by Delaware Charter Guarantee & Trust F/B/O
Jon E.M. Jacoby Keogh, 94,089 shares beneficially owned by Coral Partners and
94,089 shares beneficially owned by Mr. Jacoby.
(6) Includes 304,362 shares beneficially owned by
Elizabeth Ann Stephens Campbell Revocable Trust and 366,871 shares beneficially
owned by Pamela Diane Stephens Trust One, of which Elizabeth Stephens Campbell
is a trustee.
(7) Includes 364,363 shares beneficially owned by W. R.
Stephens, Jr. Revocable Trust and 366,871 shares beneficially owned by Pamela
Diane Stephens Trust One, of which Wilton R. Stephens, Jr. is a trustee. Also
includes 30,000 shares owned by W.R. Stephens, Jr. Children's Trust UID 3/1/95,
of which Wilton R. Stephens, Jr. is a trustee.
(8) Includes 52,272 shares beneficially owned by Bradbury
Enterprises, of which Curtis F. Bradbury, Jr. is the controlling general
partner and 104,544 shares beneficially owned by Mr. Bradbury.
(9) Includes 41,818 shares owned by Stephens Inc.
Custodian for Douglas H. Martin IRA and 67,953 shares beneficially owned by Mr.
Martin.
(10) Includes 366,871 shares owned by Pamela Diane
Stephens Trust One, of which Pamela Diane Stephens is a trustee.
(c) The following table discloses the beneficial ownership of
common stock of Power-One by persons who may comprise a group with any of the
persons who are parties to the voting trust agreement referenced in (a) above
within the meaning of Rule 13-d(3) of the Exchange Act and who are not parties
to that voting trust agreement. The persons listed below expressly disclaim
membership in any group pursuant to Regulation 13D.
<TABLE>
<CAPTION>
Percent of
Number of Shares Outstanding
Name Shares
<S> <C> <C>
Stephens Inc. 114,705 0.7
Grandchild's Trust One 39,203 0.2
Grandchild's Trust Two 39,203 0.2
Grandchild's Trust Three 39,203 0.2
K. Rick Turner 5,226 0.0
Stephens Inc. Custodian for K. Rick Turner IRA 5,226 0.0
C. Ray Gash 26,135 0.2
Robert L. Schulte 13,067 0.1
Michael B. Johnson 5,226 0.0
William S. Walker 7,841 0.0
Gordon D. Grender & Amanda F. Grender, JTWROS 78,408 0.5
Susan Stephens Campbell 1995 Trust 30,000 0.2
Craig D. Campbell, Jr. 1995 Trust 30,000 0.2
Elizabeth Chisum Campbell 1995 Trust 30,000 0.2
W. R. Stephens, Jr. Children's Trust 30,000 0.2
</TABLE>
<PAGE> 20
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CUSIP No. 739308 10 4 Page 20 of 22 Pages
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(d) Stephens Inc. is a market-maker for Power-One, and as such
engages in purchases and sales of common stock of Power-One on a regular basis.
On December 30, 1997, Stephens inc. beneficially owned 225,926 shares of Power-
One common stock. Since that time, the number of shares of Power-One common
stock beneficially owned by Stephens Inc. has been reduced by more than one
percent of the outstanding common stock. As of June 5, 1998, Stephens Inc.
beneficially owned 114,705 shares of Power-One common stock, for a net decrease
of 111,221 shares.
(e) Pursuant to Rule 13d-4, each of the Reporting Persons
expressly declares that the filing of this Amendment No. 2 shall not be
construed as an admission that such person is, for the purposes of Section
13(d) or 13(g) of the Act, the beneficial owner of any securities covered by
this Amendment No. 2.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
As previously described above, certain of the Reporting Persons and
other persons affiliated with Stephens Group, Inc. are parties to a voting
trust agreement. The trustee of the voting trust and the participants therein
have filed concurrently herewith a separate Schedule 13D. The terms of the
voting trust agreement are set forth in that filing and a copy of the voting
trust agreement is attached as an exhibit thereto.
On or about March 1, 1996, Warren A. Stephens Trust assigned the
economic interest in 55,000 shares of Power- One common stock to third parties,
but retained record ownership of such shares. Since the filing of the initial
Schedule 13D, the economic interests in a total of 4,500 of such shares have
been reassigned to the Warren A. Stephens Trust.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Amendments to Assignments of Economic Interest
<PAGE> 21
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CUSIP No. 739308 10 4 Page 21 of 22 Pages
- ---------------------- ---------------------
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.
STEPHENS GROUP, INC.
By: /s/ Jackson T. Stephens
----------------------------------------
Jackson T. Stephens
Chairman of the Board of Directors
STEPHENS INC.
By: /s/ Warren A. Stephens
----------------------------------------
Warren A. Stephens
President
/s/ Jackson T. Stephens
-------------------------------------------
Jackson T. Stephens
/s/ Warren A. Stephens
-------------------------------------------
Warren A. Stephens
/s/ Bess C. Stephens
-------------------------------------------
Bess C. Stephens
/s/ Vernon J. Giss
-------------------------------------------
Vernon J. Giss
/s/ Jon E.M. Jacoby
-------------------------------------------
Jon E.M. Jacoby
<PAGE> 22
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CUSIP No. 739308 10 4 Page 22 of 22 Pages
- ---------------------- ---------------------
/s/ William Walker
-------------------------------------------
William Walker
/s/ Curtis F. Bradbury, Jr.
-------------------------------------------
Curtis F. Bradbury, Jr.
/s/ Douglas H. Martin
-------------------------------------------
Douglas H. Martin
/s/ Elizabeth Stephens Campbell
-------------------------------------------
Elizabeth Stephens Campbell
/s/ I. Ernest Butler, Jr.
-------------------------------------------
I. Ernest Butler, Jr.
/s/ Wilton R. Stephens, Jr.
-------------------------------------------
Wilton R. Stephens, Jr.
/s/ Pamela Diane Stephens
-------------------------------------------
Pamela Diane Stephens
<PAGE> 1
AMENDMENT TO
ASSIGNMENT OF ECONOMIC INTEREST
For and in consideration of fifteen thousand, two hundred and
fifty dollars ($15,250), the receipt and sufficiency of which is hereby
acknowledged by the undersigned, Earsie Carter ("Assignee"). Assignee does
hereby sell, reassign and reconvey to Warren A. Stephens Trust all of its
right, title and interest in and to 1,000 shares of common stock of Power-One,
Inc., a Delaware corporation. The 1,000 shares being reconveyed hereby
comprise a portion of the 5,000 shares of Power-One, Inc. common stock assigned
to Assignee pursuant to that certain Assignment of Economic Interest (the
"Assignment"), dated March 7, 1996 from Warren A. Stephens Trust as Assignor to
Assignee.
The Assignment is hereby amended to reduce the number of
shares of Power-One, Inc. common stock subject to the Assignment, following the
reconveyance contemplated by this Amendment, from 5,000 to 1,000 shares.
IN WITNESS WHEREOF, the Assignee and the Warren A. Stephens
Trust have executed and delivered this Amendment to Assignment of Economic
Interest as of the 14th day of January, 1998.
UNDERSIGNED:
ASSIGNEE:
/s/ Earsie Carter
----------------------------------
Earsie Carter, Individually
WARREN A. STEPHENS TRUST
By: /s/ Warren A. Stephens
-------------------------------
Warren A. Stephens, Trustee
<PAGE> 2
AMENDMENT TO
ASSIGNMENT OF ECONOMIC INTEREST
For and in consideration of seven thousand, seven hundred and
fifty dollars ($7,750.00), the receipt and sufficiency of which is hereby
acknowledged by the undersigned, Earsie Carter ("Assignee"). Assignee does
hereby sell, reassign and reconvey to Warren A. Stephens Trust all of its
right, title and interest in and to 500 shares of common stock of Power-One,
Inc., a Delaware corporation. The 500 shares being reconveyed hereby comprise
a portion of the 5,000 shares of Power-One, Inc. common stock assigned to
Assignee pursuant to that certain Assignment of Economic Interest (the
"Assignment"), dated March 7, 1996 from Warren A. Stephens Trust as Assignor to
Assignee.
The Assignment is hereby amended to reduce the number of
shares of Power-One, Inc. common stock subject to the Assignment, following the
reconveyance contemplated by this Amendment, from 5,000 to 500 shares.
IN WITNESS WHEREOF, the Assignee and the Warren A. Stephens
Trust have executed and delivered this Amendment to Assignment of Economic
Interest as of the 6th day of March, 1998.
UNDERSIGNED:
ASSIGNEE:
/s/ Earsie Carter
----------------------------------
Earsie Carter, Individually
WARREN A. STEPHENS TRUST
By: /s/ Warren A. Stephens
-------------------------------
Warren A. Stephens, Trustee
<PAGE> 3
AMENDMENT TO
ASSIGNMENT OF ECONOMIC INTEREST
For and in consideration of forty-six thousand, two hundred
and fifty dollars ($46,250.00), the receipt and sufficiency of which is hereby
acknowledged by the undersigned, Steve Baudier ("Assignee"). Assignee does
hereby sell, reassign and reconvey to Warren A. Stephens Trust all of its
right, title and interest in and to 2,500 shares of common stock of Power-One,
Inc., a Delaware corporation. The 2,500 shares being reconveyed hereby
comprise a portion of the 5,000 shares of Power-One, Inc. common stock assigned
to Assignee pursuant to that certain Assignment of Economic Interest (the
"Assignment"), dated March 7, 1996 from Warren A. Stephens Trust as Assignor to
Assignee.
The Assignment is hereby amended to reduce the number of
shares of Power-One, Inc. common stock subject to the Assignment, following the
reconveyance contemplated by this Amendment, from 5,000 to 2,500 shares.
IN WITNESS WHEREOF, the Assignee and the Warren A. Stephens
Trust have executed and delivered this Amendment to Assignment of Economic
Interest as of the 12th day of November, 1997.
UNDERSIGNED:
ASSIGNEE:
/s/ Steve Baudier
----------------------------------
Steve Baudier
WARREN A. STEPHENS TRUST
By: /s/ Warren A. Stephens
-------------------------------
Warren A. Stephens, Trustee
<PAGE> 4
AMENDMENT TO
ASSIGNMENT OF ECONOMIC INTEREST
For and in consideration of seven thousand, six hundred and
twenty-five dollars ($7,625.00), the receipt and sufficiency of which is hereby
acknowledged by the undersigned, Steve Baudier ("Assignee"). Assignee does
hereby sell, reassign and reconvey to Warren A. Stephens Trust all of its
right, title and interest in and to 500 shares of common stock of Power-One,
Inc., a Delaware corporation. The 500 shares being reconveyed hereby comprise
a portion of the 5,000 shares of Power-One, Inc. common stock assigned to
Assignee pursuant to that certain Assignment of Economic Interest (the
"Assignment"), dated March 7, 1996 from Warren A. Stephens Trust as Assignor to
Assignee.
The Assignment is hereby amended to reduce the number of
shares of Power-One, Inc. common stock subject to the Assignment, following the
reconveyance contemplated by this Amendment, from 5,000 to 2,000 shares.
IN WITNESS WHEREOF, the Assignee and the Warren A. Stephens
Trust have executed and delivered this Amendment to Assignment of Economic
Interest as of the 16th day of January, 1998.
UNDERSIGNED:
ASSIGNEE:
/s/ Steve Baudier
----------------------------------
Steve Baudier
WARREN A. STEPHENS TRUST
By: /s/ Warren A. Stephens
-------------------------------
Warren A. Stephens, Trustee
