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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 3)
Under the Securities Exchange Act of 1934
U.S. VISION, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
90339M-10-4
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(CUSIP Number)
George E. Norcross, III
1087 Springdale Road
Cherry Hill, NJ 08003
(856) 424-7122
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 14, 2000
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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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), (f) or (g), check the
following box / /.
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).
(Continued on following page(s))
Page 1 of 11 Pages
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CUSIP No. 90339M-10-4 13D/A Page 2 of 11 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons (entities only)
George E. Norcross, III
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds* PF
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(5) Check 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 United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 995,330(1)
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(9) Sole Dispositive
Power 0
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(10) Shared Dispositive
Power 995,330(1)
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
995,330(1)
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
12.8%
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(14) Type of Reporting Person* IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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(1) George E. Norcross, III shares voting and investment power with
Sandra T. Norcross, his wife, as tenants in common.
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CUSIP No. 90339M-10-4 13D/A Page 3 of 11 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons (entities only)
Sandra T. Norcross
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds* PF
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(5) Check 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 United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 995,330(1)
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(9) Sole Dispositive
Power 0
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(10) Shared Dispositive
Power 995,330(1)
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
995,330(1)
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
12.8%
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(14) Type of Reporting Person* IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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(1) Sandra T. Norcross shares voting and investment power with
George E. Norcross, her husband, as tenants in common.
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CUSIP No. 90339M-10-4 13D/A Page 4 of 11 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons (entities only)
Joseph J. Roberts, Jr.
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds* PF
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(5) Check 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 United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 350,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
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(9) Sole Dispositive
Power 350,000
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(10) Shared Dispositive
Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
350,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
4.5%
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(14) Type of Reporting Person* IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 90339M-10-4 13D/A Page 5 of 11 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons (entities only)
Indiana Pacific Capital Trust; 22-6760527
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds* PF
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(5) Check 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 New Jersey
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Number of Shares (7) Sole Voting
Beneficially Owned Power 478,675
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
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(9) Sole Dispositive
Power 478,675
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(10) Shared Dispositive
Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
478,675
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
6.1%
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(14) Type of Reporting Person* OO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 90339M-10-4 13D/A Page 6 of 11 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons (entities only)
Philip A. Norcross
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds* PF
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(5) Check 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 United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 25,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 478,675(1)
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(9) Sole Dispositive
Power 25,000
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(10) Shared Dispositive
Power 478,675(1)
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
503,675
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
6.5%
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(14) Type of Reporting Person* IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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(1) Includes 478,675 shares of common stock held by the Indiana Pacific Capital
Trust, of which Mr. Norcross is a trustee.
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CUSIP No. 90339M-10-4 13D/A Page 7 of 11 Pages
Item 1. SECURITY AND ISSUER.
The class of equity securities to which this Statement on Schedule
13D/A relates is Common Stock, par value $.01 per share ("Common Stock"), of
U.S. Vision, Inc., a Delaware corporation (sometimes referred to as the
"Company" or "Issuer"). The principal executive offices of the Company are
located at 1 Harmon Drive, Glen Oaks Industrial Park, Glendora, NJ 08029.
Item 2. IDENTITY AND BACKGROUND.
(a) The name of each Filer is as follows:
1. George E. Norcross, III
2. Sandra T. Norcross
3. Joseph J. Roberts, Jr.
4. Indiana Pacific Capital Trust
5. Philip A. Norcross
(b), (c) The principal occupation, if any, of each Filer who is a
natural person and the residence or business address for each Filer is as
follows:
1. George E. Norcross, III, Chairman and Chief Executive Officer,
Commercial National Insurance Services, Commerce Atrium, 1701
Route 70 East, Cherry Hill, NJ 08034.
2. Sandra T. Norcross, 1087 Springdale Road, Cherry Hill, NJ 08003.
3. Joseph J. Roberts, Jr., Restauranteur and Member of the New
Jersey General Assembly, 111 Linden Street, Camden, NJ 08102.
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CUSIP No. 90339M-10-4 13D/A Page 8 of 11 Pages
4. Indiana Pacific Capital Trust, c/o Philip A. Norcross,
Trustee, P.O. Box 1440, Cherry Hill, NJ 08034.
5. Philip A. Norcross, Managing Partner, Parker McCay &
Criscuolo, P.A., Marlton, NJ, 2 Yearling Chase, Mt.
Laurel, NJ 08054.
(d), (e) During the past five years, none of the Filers has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), nor has any of them been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) Each Filer which is a trust was organized under the laws of the
State of New Jersey and each Filer who is a natural person is a citizen of
the United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 4 from pages 2-7 of this Schedule 13D/A are incorporated herein
by reference.
Item 4. PURPOSE OF TRANSACTION.
The Filers acquired the securities herein reported for investment
purposes. Depending on market conditions, general economic conditions, and
other factors that each may deem significant to its respective investment
decisions, the Filers may purchase shares of Common Stock in the open market
or in private transactions or may dispose of all or a portion of the shares
of Common Stock that they or any of them presently own or may hereafter
acquire. The Filers intend to seek to enhance the value of their investment,
which may include pursuing one or more of the following actions: (a) the
acquisition by any person of additional securities of the Company, or the
disposition of securities of the Company; (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; (c) a sale or transfer of a material
amount of assets of the Company or any of its subsidiaries; (d) any change in
the present board of directors or management of the Company, including any
plans or proposals to change the number or term of directors or to fill any
existing vacancies on the board; (e) any material change in the present
capitalization or dividend policy of the Company; (f) any other material
change to the Company's business or corporate structure; (g) changes in the
Company's charter or bylaws or other actions which may impede the acquisition
of control of the Company by any person; (h) causing the Common Stock or any
other class of securities of the Company to be delisted from the Nasdaq
National Market; (i) the Common Stock or any other class of equity securities
of the Company becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j)
any action similar to any of those enumerated above, although the Filers
presently have no definitive plans, proposals or intention which relate to or
would result in any of the foregoing actions.
On August 7, 2000, the Filers sent a letter to the board of
directors of the Company which, among other things, indicated that the Filers
would be willing to propose a transaction involving the acquisition of the
Company's outstanding common stock at a price per share of $4.00, subject to
the approval by the board of directors of such transaction.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Items 7, 8, 9, 10, 11 and 13 from pages 2-7 of this
Schedule 13D/A are incorporated herein by reference. The Filers own an
aggregate of 1,849,005 shares of Common Stock, representing 23.7% of the
Issuer's outstanding Common Stock.
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CUSIP No. 90339M-10-4 13D/A Page 9 of 11 Pages
(c) In the sixty days preceding the date of this filing, the
Filers listed below made the following purchases of Common Stock:
On December 14, 2000, George E. Norcross, III and Sandra T.
Norcross purchased an aggregate of 91,200 shares of Common Stock from former
group member Rose Guida.
On December 14, 2000, Indiana Pacific Capital Trust
purchased an aggregate of 200,000 shares of Common Stock from former group
member Rose Guida.
(d) N/A
(e) N/A
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Rose Guida is no longer a member of the group effective as of
December 14, 2000.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Joint Filing Agreement among the parties listed therein dated as
of December 21, 2000.
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CUSIP No. 90339M-10-4 13D/A Page 10 of 11 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Statement on Schedule 13D/A
is true, complete and correct as of the date hereof.
Dated: December 21, 2000
/s/ George E. Norcross, III
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George E. Norcross, III
/s/ Sandra T. Norcross
--------------------------------
Sandra T. Norcross
/s/ Joseph J. Roberts, Jr.
--------------------------------
Joseph J. Roberts, Jr.
INDIANA PACIFIC CAPITAL TRUST
By: /s/ Philip A. Norcross
--------------------------------
Philip A. Norcross
Trustee
/s/ Philip A. Norcross
--------------------------------
Philip A. Norcross
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CUSIP No. 90339M-10-4 13D/A Page 11 of 11 Pages
EXHIBIT 1
JOINT FILING AGREEMENT
The Joint Filing Agreement (the "Agreement") is made and entered
into as of the 21st day of December, 2000, by and among the undersigned parties.
In accordance with the Rule 13d-1(k)(l) under the Securities
Exchange Act of 1934, as amended, the undersigned agree to the joint filing
on behalf of each of them of a Statement on Schedule 13D/A (including
amendments thereto) with respect to the common stock of U.S. Vision, Inc., a
Delaware corporation, hereby appoint George E. Norcross, III as the person
authorized to receive notices with respect to such filing, and further agree
that this Agreement be included as an exhibit to such joint filing (including
amendments thereto). Each of the persons named below acknowledges that the
information contained in the Statement on Schedule 13D/A (including any
amendments thereto) respecting such person is complete and accurate in all
material respects and that such person does not know and has no reason to
believe that the information respecting any other person named below is
inaccurate.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as
of the date first above written.
/s/ George E. Norcross
--------------------------------
George E. Norcross, III
/s/ Sandra T. Norcross
--------------------------------
Sandra T. Norcross
/s/ Joseph J. Roberts, Jr.
--------------------------------
Joseph J. Roberts, Jr.
INDIANA PACIFIC CAPITAL TRUST
By: /s/ Philip A. Norcross
--------------------------------
Philip A. Norcross
Trustee
/s/ Philip A. Norcross
--------------------------------
Philip A. Norcross
