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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 2054
----------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4 ________)*
WANG LABORATORIES, INC.
-----------------------
(Name of Issuer)
6 1/2% SERIES B CUMULATIVE CONVERTIBLE PREFERRED STOCK
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(Title of Class of Securities)
93369N208
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(CUSIP Number)
* 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 Act but
shall be subject to all other provisions of the Act (however, see the Notes).
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Page 1 of 8 pages
<PAGE>
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CUSIP No. 93369N208 13G Page 2 of 8 Pages
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- --------------------------------------------------------------------------------
1 | NAME OF REPORTING PERSONS:
| S.S. OR I.R.S. Identification Nos. of above persons
|
| LIPPER CONVERTIBLES, L.P.
- --------------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
| (a) [ ]
| JOINT FILING (b) [ ]
- --------------------------------------------------------------------------------
3 | SEC USE ONLY
|
|
- --------------------------------------------------------------------------------
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
|
| NEW YORK
- --------------------------------------------------------------------------------
| 5 |SOLE VOTING POWER
NUMBER OF | |
| |NONE
SHARES ----------------------------------------------------------------
| 6 |SHARED VOTING POWER
BENEFICIALLY | |
| |NONE
OWNED BY ----------------------------------------------------------------
| 7 |SOLE DISPOSITIVE POWER
EACH | |
| |NONE
REPORTING ----------------------------------------------------------------
| 8 |SHARED DISPOSITIVE POWER
PERSON | |
| |NONE
WITH | |
- --------------------------------------------------------------------------------
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| NONE
- --------------------------------------------------------------------------------
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|
|
- --------------------------------------------------------------------------------
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 0.0%
- --------------------------------------------------------------------------------
12 | TYPE OF REPORTING PERSON*
|
| PN,BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 pages
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CUSIP No. 93369N208 13G Page 3 of 8 Pages
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- --------------------------------------------------------------------------------
1 | NAME OF REPORTING PERSONS
| S.S. OR I.R.S. Identification Nos. of above persons
|
| LIPPER HOLDINGS, LLC
- --------------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
| (a) [ ]
| JOINT FILING (b) [ ]
- --------------------------------------------------------------------------------
3 | SEC USE ONLY
|
|
- --------------------------------------------------------------------------------
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
|
| DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF | 5 |SOLE VOTING POWER
| |
SHARES | |NONE
----------------------------------------------------------------
BENEFICIALLY | 6 |SHARED VOTING POWER
| |
OWNED BY | |NONE
----------------------------------------------------------------
EACH | 7 |SOLE DISPOSITIVE POWER
| |
REPORTING | |NONE
----------------------------------------------------------------
PERSON | 8 |SHARED DISPOSITIVE POWER
| |
WITH | |NONE
- --------------------------------------------------------------------------------
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| NONE
- --------------------------------------------------------------------------------
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|
|
- --------------------------------------------------------------------------------
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 0.0%
- --------------------------------------------------------------------------------
12 | TYPE OF REPORTING PERSON*
|
| HC, OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8 pages
<PAGE>
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CUSIP No. 93369N208 13G Page 4 of 8 Pages
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- --------------------------------------------------------------------------------
1 | NAME OF REPORTING PERSONS
| S.S. OR I.R.S. Identification Nos. of above persons
|
| LIPPER & COMPANY, INC.
- --------------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
| (a) { ]
| JOINT FILING (b) [ ]
- --------------------------------------------------------------------------------
3 | SEC USE ONLY
|
|
- --------------------------------------------------------------------------------
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
|
| DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF | 5 |SOLE VOTING POWER
| |
SHARES | |NONE
----------------------------------------------------------------
BENEFICIALLY | 6 |SHARED VOTING POWER
| |
OWNED BY | |NONE
----------------------------------------------------------------
EACH | 7 |SOLE DISPOSITIVE POWER
| |
REPORTING | |NONE
----------------------------------------------------------------
PERSON | 8 |SHARED DISPOSITIVE POWER
| |
WITH | |NONE
- --------------------------------------------------------------------------------
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| NONE
- --------------------------------------------------------------------------------
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|
|
- --------------------------------------------------------------------------------
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 0.0%
- --------------------------------------------------------------------------------
12 | TYPE OF REPORTING PERSON*
|
| CO, HC
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 8 pages
<PAGE>
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CUSIP No. 93369N208 13G Page 5 of 8 Pages
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1 | NAME OF REPORTING PERSONS
| S.S. OR I.R.S. Identification Nos. of above persons
|
| KENNETH LIPPER
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
| (a) { ]
| JOINT FILING (b) [ ]
- --------------------------------------------------------------------------------
3 | SEC USE ONLY
|
|
- --------------------------------------------------------------------------------
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
|
| UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF | 5 |SOLE VOTING POWER
| |
SHARES | |NONE
----------------------------------------------------------------
BENEFICIALLY | 6 |SHARED VOTING POWER
| |
OWNED BY | |NONE
----------------------------------------------------------------
EACH | 7 |SOLE DISPOSITIVE POWER
| |
REPORTING | |NONE
----------------------------------------------------------------
PERSON | 8 |SHARED DISPOSITIVE POWER
| |
WITH | |NONE
- --------------------------------------------------------------------------------
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| NONE
- --------------------------------------------------------------------------------
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|
|
- --------------------------------------------------------------------------------
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 0.0%
- --------------------------------------------------------------------------------
12 | TYPE OF REPORTING PERSON*
|
| IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 8 pages
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CUSIP No. 93369N208 13G Page 6 of 8 Pages
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ITEM 1.
(a) Name of issuer: WANG LABORATORIES, INC.
(b) Address of issuer's principal executive offices:
600 TECHNOLOGY PARK DRIVE
BILLERICA, MASSACHUSETTS 01821-4130
ITEM 2.
(a) Name of person filing: LIPPER & COMPANY, INC.
(b) Address or principal business office or, if none, residence:
101 PARK AVENUE, 6TH FLOOR
NEW YORK, NEW YORK 10178
(c) Citizenship: DELAWARE
(d) Title of class of securities: 6 1/2% SERIES B CUMULATIVE CONVERTIBLE
PREFERRED STOCK
(e) CUSIP No: 93369N208
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(d) [ ] Investment company registered under section 8 of the Investment
Company Act
(e) [ ] Investment adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [ ] Employee benefit plan, pension fund which is subject to provisions
of the Employee Retirement Income Security Act of 1974 or
endowment fund; see (section mark) 240.13d-1(b)(1)(ii)(F)
(g) [ X] Parent holding cocmpany, in accordance with (section mark) 240.13d
-(b)(ii)(G). (Note: See Item 7)
(h) [ ] Group, in accordance with (section mark) 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount beneficially owned: SEE LINE ITEM (9) OF THE COVER PAGES.
(b) Percent of class: SEE LINE ITEM (11) OF THE COVER PAGES.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: SEE LINE ITEM (5) OF THE
COVER PAGES.
(ii) Shared power to vote or to direct the vote: SEE LINE ITEM (6) OF
THE COVER PAGES.
(iii) Sole power to dispose or to direct the disposition of: SEE LINE
ITEM (7) OF THE COVER PAGES.
(iv) Shared power to dispose or to direct the disposition of: SEE LINE
ITEM (8) OF THE COVER PAGES.
ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be beneficial owner of more than 5
percent of the class of securities, check the following [X].
Instruction: Dissolution of a group requires a response to this item.
Page 6 of 8 Pages
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CUSIP No. 93369N208 13G Page 7 of 8 Pages
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ITEM 6. OWNERSHIP OF MORE THAN 5 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
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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.
August 30, 1999
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Date
/s/ Abraham Biderman
------------------------------------
Signature
Abraham Biderman/Executive Vice President
-----------------------------------------
Name/Title
Attention: Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001).
Page 7 of 8 pages
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CUSIP No. 93369N208 13G Page 8 of 8 Pages
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AMENDMENT NO. 3 TO JOINT FILING AGREEMENT
-----------------------------------------
Pursuant to Section 13(d) and (g) of the Securities Exchange Act of 1934,
as amended, and the rules promulgated thereunder, each of the undersigned
persons hereby agrees and consents to this joint filing of Schedule 13G on its
behalf (including any amendments thereto) and further agrees that this Joint
Filing Agreement be included as an Exhibit to such joint filing. Each of these
persons is not responsible for the completeness or accuracy of the information
concerning the other persons making this filing unless such person knows or has
reason to believe that such information is inaccurate.
Dated: August 30, 1999
Lipper Convertibles, L.P. Lipper Holdings, LLC
By: /s/ ABRAHAM BIDERMAN By: /s/ ABRAHAM BIDERMAN
- ----------------------------------- ----------------------------------
Name: Abraham Biderman Name: Abraham Biderman
Title: Executive Vice President Title: Executive Vice President
Lipper & Company, Inc. Kenneth Lipper
By: /s/ ABRAHAM BIDERMAN By: /s/ KENNETH LIPPER
- ----------------------------------- -----------------------------------
Name: Abraham Biderman Name: Kenneth Lipper
Title: Executive Vice President
Page 8 of 8 pages
