SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 3)
The WMF Group, Ltd.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
929289106
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(CUSIP Number)
Tami E. Nason, Esq. COPY TO: Christopher A. Klem, Esq.
Charlesbank Capital Partners, LLC Ropes & Gray
600 Atlantic Avenue One International Place
Boston, MA 02210 Boston, MA 02110
(617) 619-5400 (617) 951-7410
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 13, 1999
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(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
Page 1 of 4 Pages
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SCHEDULE 13D
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CUSIP No. 929289106 Page 2 of 4 Pages
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NAME OF REPORTING PERSON
1. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charlesbank Capital Partners, LLC
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(a) [ ]
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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7. SOLE VOTING POWER
NUMBER OF 4,894,680 shares
SHARES -------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY ---
EACH -------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 4,894,680 shares
WITH -------------------------------------------------------
10. SHARED DISPOSITIVE POWER
----
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11. PERSON
4,894,680 shares
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
54.8%
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14. TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4 Pages
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SCHEDULE 13D
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The WMF Group, Ltd.
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Amendment No. 3
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This Amendment No. 3 hereby amends the initial Schedule 13D filed on July 10,
1998, Amendment No. 1 to the initial Schedule 13D filed on September 25, 1998
and Amendment No. 2 to the initial Schedule 13D filed on January 11, 1999.
Item 3. Source and Amount of Funds or Other Consideration.
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Item 3 is amended by adding the following thereto:
On January 13, 1999, Demeter and Phemus received notice of early
termination of the waiting period under the HSR Act, in connection with the HSR
Act notification which the parties filed with the Federal Trade Commission and
the Department of Justice on December 31, 1998. In accordance with the terms of
the Issuer's Class A Preferred, upon receipt of such notice of early
termination, the outstanding shares of Class A Preferred were converted on a
one-for-one basis into shares of the Issuer's common stock. Consequently,
Demeter and Phemus acquired 2,757,633 shares and 151,145 shares, respectively,
of the Issuer's common stock on January 13, 1999, upon the conversion, on a
one-for-one basis, of the 2,757,633 shares and 151,145 shares of Class A
Preferred held by Demeter and Phemus, respectively.
All shares issued to Demeter and Phemus pursuant to the foregoing will
have registration rights pursuant to the Registration Rights Agreement, dated as
of June 12, 1998 and amended as of October 16, 1998, among the Issuer, HPCH,
Capricorn, Demeter and Phemus.
Item 5. Interest in Securities of the Issuer.
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Item 5, paragraphs (a) and (c) are amended to read as follows:
(a) Charlesbank is deemed to be the beneficial owner of 4,894,680 shares
of common stock (approximately 54.8% of the shares of common stock based on the
most recent filing of the Issuer with the SEC plus the 3,635,972 shares of
common stock which are outstanding following the conversion of the Class A
Preferred and including shares of common stock of which Harvard and its
affiliates have the right to acquire beneficial ownership within 60 days).
(c) See response to Item 3 above.
Page 3 of 4 Pages
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Signature
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After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: February 2, 1999
CHARLESBANK CAPITAL PARTNERS, LLC
By: /s/ Tami E. Nason
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Name: Tami E. Nason
Title: Vice President, Legal
Page 4 of 4 Pages
