SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 16)*
MACC Private Equities Inc.
- --------------------------------------------------------------------------------
Common Stock, $0.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
552 617 102
--------------------------------------------------
(CUSIP Number)
W. David Hemingway,
Zions Bancorporation,
One South Main, Suite 1380
Salt Lake City, Utah 84111
(801) 524-4787
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 18, 2000
--------------------------------------------------
(Date of Event which Requires
Filing of this Statement)
If a 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(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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>
- ---------------------
CUSIP NO. 552 617 102
- ---------------------
- ----------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Zions Bancorporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
87-0227400
- ----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ----------------------------------------------------------------------
3. SEC USE ONLY
- ----------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- ----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[ ]
- ----------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Utah
- ----------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 582,143
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
582,143
- ----------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
582,143
- ----------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.9781%
- ----------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC,CO
- ----------------------------------------------------------------------
Page 2 of 11
<PAGE>
- ---------------------
CUSIP NO. 552 617 102
- ---------------------
- ----------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Zions First National Bank
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
87-0189025
- ----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ----------------------------------------------------------------------
3. SEC USE ONLY
- ----------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- ----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[ ]
- ----------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 582,143
EACH ----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
582,143
- ----------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
582,143
- ----------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.9781%
- ----------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
BK
- ----------------------------------------------------------------------
Page 3 of 11
<PAGE>
Zions Bancorporation ("Zions") hereby amends its report on Schedule 13D
originally filed on May 24, 1996 as heretofore amended (the "Schedule 13D") in
respect of the Common Stock of MACC Private Equities Inc. (the "Company").
Capitalized terms used but not defined herein shall have the meanings given such
terms in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
The funds required to purchase the 582,143 shares of Common Stock
beneficially owned by Zions and the Bank were $ 3,514,040. These funds were
derived from working capital.
Item 5. Interest in Securities of the Issuer.
(a) The Bank currently holds and Zions may be deemed to hold through the
Bank, for purposes of this report on Schedule 13D, the beneficial ownership of
582,143 shares of Common Stock, which the Bank and Zions believe represents
approximately 29.9781% of the outstanding shares of Common Stock.
(b) Zions may be deemed to share the power to vote or direct the vote and
to dispose or to direct the disposition of the 582,143 shares of Common Stock
held by the Bank.
(c)On January 7, 2000, the Bank purchased 100 shares of Common Stock at a
cost of $1,387.50 ($13.8750 per share). On January 7, 2000, the Bank purchased
901 shares of Common Stock at a cost of $12,163.50 ($13.5000 per share). On
January 11, 2000, the Bank purchased 500 shares of Common Stock at a cost of
$6,744.37 ($13.4887 per share). On January 26, 2000, the Bank purchased 1,000
shares of Common Stock at a cost of $13,443.24 ($13.4432 per share). On January
27, 2000, the Bank purchased 2,742 shares of Common Stock at a cost of
$36,674.25 ($13.3750 per share). On January 31, 2000, the Bank purchased 100
shares of Common Stock at a cost of $1,312.50 ($13.1250 per share). On February
1, 2000, the Bank purchased 156 shares of Common Stock at a cost of $2,019.50
($12.9455 per share). On February 3, 2000, the Bank purchased 744 shares of
Common Stock at a cost of $9,454.77 ($12.7080 per share). On February 3, 2000,
the Bank purchased 1,100 shares of Common Stock at a cost of $13,887.50
($12.6250 per share). On February 4, 2000, the Bank purchased 1,200 shares of
Common Stock at a cost of $15,150.00 ($12.6250 per share). On February 8, 2000,
the Bank purchased 1,000 shares of Common Stock at a cost of $12,691.96
($12.6920 per share). On February 9, 2000, the Bank purchased 4,000 shares of
Common Stock at a cost of $50,500.00 ($12.6250 per share). On February 11, 2000,
the Bank purchased 1,000 shares of Common Stock at a cost of $12,691.96
($12.6920 per share). On February 14, 2000, the Bank purchased 700 shares of
Common Stock at a cost of $8,810.38 ($12.5863 per share). On February 24, 2000,
the Bank purchased 156 shares of Common Stock at a cost of $2,000.00 ($12.8205
per share). On February 25, 2000, the Bank purchased 144 shares of Common Stock
at a cost of $1,850.00 ($12.8472 per share). On February 29, 2000, the Bank
purchased 514 shares of Common Stock at a cost of $6,449.25 ($12.5472 per
share). On March 1, 2000, the Bank purchased 200 shares of Common Stock at a
cost of $2,537.50 ($12.6875 per share). On March
Page 4 of 11
<PAGE>
1, 2000, the Bank purchased 1,600 shares of Common Stock at a cost of $20,000.00
($12.5000 per share). On March 7, 2000, the Bank purchased 351 shares of Common
Stock at a cost of $4,415.56 ($12.5799 per share). On March 8, 2000, the Bank
purchased 649 shares of Common Stock at a cost of $8,131.16 ($12.5288 per
share). On March 9, 2000, the Bank purchased 100 shares of Common Stock at a
cost of $1,287.50 ($12.8750 per share). On March 21, 2000, the Bank purchased
100 shares of Common Stock at a cost of $1,112.50 ($11.1250 per share). On March
22, 2000, the Bank purchased 900 shares of Common Stock at a cost of $9,624.26
($10.6936 per share). On March 31, 2000, the Bank purchased 100 shares of Common
Stock at a cost of $1,125.00 ($11.2500 per share). On March 31, 2000, the Bank
received 98,330 shares of Common Stock as part of cash dividend. On April 3,
2000, the Bank purchased 400 shares of Common Stock at a cost of $4,350.00
($10.8750 per share). On April 5, 2000, the Bank purchased 110 shares of Common
Stock at a cost of $1,232.50 ($11.2045 per share). On April 6, 2000, the Bank
purchased 790 shares of Common Stock at a cost of $8,552.44 ($10.8259 per
share). In each case of purchase, the shares were acquired in the ordinary
course of business in transactions on the open market. To the best knowledge of
Zions and the Bank, none of the persons listed on Schedule I-A or Schedule I-B
attached hereto has effected any transactions in Common Stock during the past 60
days.
Page 5 of 11
<PAGE>
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I hereby certify
that the information set forth in this statement is true, complete and correct.
Dated: April 19, 2000
ZIONS BANCORPORATION
By: /s/ Dale M. Gibbons
----------------------------------
Name: Dale M. Gibbons
Title: Executive Vice President, Chief
Financial Officer and Secretary
Page 6 of 11
<PAGE>
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I hereby certify
that the information set forth in this statement is true, complete and correct.
Dated: April 18, 2000
ZIONS FIRST NATIONAL BANK
By: /s/ Dale M. Gibbons
----------------------------------
Name: Dale M. Gibbons
Title: Executive Vice President, Chief
Financial Officer and Secretary
Page 7 of 11
<PAGE>
SCHEDULE I-A
DIRECTORS AND EXECUTIVE OFFICERS OF
ZIONS BANCORPORATION
The names, business addresses and present principal occupations of the
directors and executive officers of Zions Bancorporation ("Zions") are set forth
below. If no business address is given, the director's or officer's business
address is One South Main, Suite 1380, Salt Lake City, Utah 84111. The business
address of each of the directors of Zions is also the business address of such
director's employer, if any. All directors and officers listed below are
citizens of the United States.
Name Position with Zions, Present Principal Occupation or
- ---- ----------------------------------------------------
Employment and Address
----------------------
Bruce Alexander Senior Vice President of Zions. President and Chief
Executive Officer of Vectra Bank Colorado.
A. Scott Anderson Executive Vice President and President of Zions First
National Bank.
Jerry C. Atkin Director of Zions. Chairman, President and Chief
Executive Officer, Skywest Airlines, 444 S. River Road,
St. George, Utah 84770.
Nolan X. Bellon Senior Vice President & Controller of Zions.
Danne L. Buchanan Executive Vice President of Zions. Vice Chairman and
Director Zions Management Services Company.
Grant R. Caldwell Director of Zions. Retired, former Partner, KMG Main
Hurdman.
R. Don Cash Director of Zions. Chairman, President and Chief
Executive Officer of Questar Corporation, 180 East 100
South, Salt Lake City, Utah 84111. Director, Zions
First National Bank.
Gerald J. Dent Executive Vice President of Zions. Executive Vice
President of Zions First National Bank.
Dale M. Gibbons Executive Vice President, Chief Financial Officer and
Secretary of Zions. Executive Vice President, Chief
Financial Officer and Secretary of Zions First National
Bank.
John J. Gisi Senior Vice President of Zions. Chairman, President and
Chief Executive Officer of National Bank of Arizona.
Page 8 of 11
<PAGE>
Name Position with Zions, Present Principal Occupation or
- ---- ----------------------------------------------------
Employment and Address
----------------------
W. David Hemingway Executive Vice President of Zions. Executive Vice
President of Zions First National Bank.
Clark B. Hinckley Senior Vice President of Zions.
George Hofmann III Senior Vice President of Zions.
Richard H. Madsen Director of Zions. President and Chief Executive
Officer of ZCMI, 2200 South 900 West, Salt Lake City,
Utah 84137.
William Martin Senior Vice President of Zions. Chairman, President and
Chief Executive Officer of Nevada State Bank.
Roger B. Porter Director of Zions. IBM Professor of Business and
Government, Harvard University, 79 John F. Kennedy
Street, Cambridge, Massachusetts 02138.
Robert G. Sarver Director of Zions. Chairman and CEO California Bank &
Trust.
Harris H. Simmons President and Chief Executive Officer of Zions.
Chairman of Zions First National Bank. Director of
Questar Corporation.
L.E. Simmons Director of Zions. President, SCF Partners, 6600 Texas
Commerce Tower, Houston, Texas 77002.
Roy W. Simmons Chairman of the Board of Directors of Zions. Director
of Zions First National Bank.
Shelley Thomas Director of Zions.
I.J. Wagner Director of Zions. President of The Keystone Company,
680 Gateway Tower East, Salt Lake City, Utah 84133.
Page 9 of 11
<PAGE>
SCHEDULE I-B
DIRECTORS AND EXECUTIVE OFFICERS OF
ZIONS FIRST NATIONAL BANK
The names, business addresses and present principal occupations of the
directors and executive officers of Zions First National Bank (the "Bank") are
set forth below. If no business address is given, the director's or officer's
business address is One South Main Street, Salt Lake City, Utah 84111. The
business address of each of the directors of the Bank is also the business
address of such director's employer, if any. All directors and officers listed
below are citizens of the United States.
Name Position with the Bank, Present Principal Occupation or
- ---- -------------------------------------------------------
Employment and Address
----------------------
A. Scott Anderson President, Chief Executive Officer and Director of the
Bank.
John B. D'Arcy Executive Vice President of the Bank.
R. Don Cash Director of the Bank. Chairman and Chief Executive
Officer, Questar Corporation, 180 East 100 South, Salt
Lake City, Utah 84111. Director of Zions Bancorporation.
Gerald J. Dent Executive Vice President of the Bank. Executive Vice
President of Zions Bancorporation.
Robert C. Fuehr Director of the Bank. Retired.
Dale M. Gibbons Executive Vice President, Chief Financial Officer and
Secretary of the Bank. Executive Vice President, Chief
Financial Officer and Secretary of Zions Bancorporation.
Ronald S. Hanson Director of the Bank. Retired.
W. David Hemingway Executive Vice President of the Bank. Executive Vice
President Zions Bancorporation.
James T. Jensen Director of the Bank. Executive Vice President/General
Counsel of Savage Industries, 5250 S 300 West, Salt Lake
City, Utah 84107.
Susan Mooney Johnson Director of the Bank. President of Futura Industries,
Box 1506, Clearfield, Utah 84016.
Dixie Leavitt Director of the Bank. Chairman of the Board of Security
Enterprises dba The Leavitt Group.
Robert A. Madsen, Sr. Director of the Bank. RA Investments, Salt Lake City,
Utah.
Page 10 of 11
<PAGE>
Name Position with the Bank, Present Principal Occupation or
- ---- -------------------------------------------------------
Employment and Address
----------------------
Roy C. Nelson Director of the Bank. Retired.
Kathryn Pett Director of the Bank. Secretary and General Counsel, Utah
Transit Authority, 3600 South 700 West, Salt Lake City,
UT 84115.
Harris H. Simmons Chairman of the Bank. President and Chief Executive
Officer of Zions Bancorporation.
Roy W. Simmons Director of Zions First National Bank. Chairman of the
Board of Directors of Zions Bancorporation.
D. Gill Warner Director of the Bank. Retired.
Page 11 of 11
