SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 18 )*
--
MACC Private Equities Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
552 617 102
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(CUSIP Number)
W. David Hemingway,
Zions Bancorporation,
One South Main, Suite 1380
Salt Lake City, Utah 84111
(801) 524-4787
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
November 29, 2000
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(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>
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CUSIP NO. 552 617 102
---------------------
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1. NAME OF REPORTING PERSON
Zions Bancorporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
87-0227400
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
WC
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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
Utah
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7. SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 647,728
EACH ---------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH ---------------------------------
10. SHARED DISPOSITIVE POWER
647,728
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
647,728
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.3555%
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14. TYPE OF REPORTING PERSON
HC,CO
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Page 2 of 11
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--------------------
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
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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 647,728
EACH ---------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH ---------------------------------
10. SHARED DISPOSITIVE POWER
647,728
------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
647,728
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.3555%
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14. TYPE OF REPORTING PERSON
BK
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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 647,728 shares of Common Stock
beneficially owned by Zions and the Bank were $ 4,125,376. 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
647,728 shares of Common Stock, which the Bank and Zions believe represents
approximately 33.3555% 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 647,728 shares of Common Stock
held by the Bank.
(c) On August 10, 2000, the Bank purchased 1,350 shares of Common Stock at
a cost of $12,487.50 ($9.2500 per share). On August 11, 2000, the Bank purchased
1,000 shares of Common Stock at a cost of $9,248.62 ($9.2486 per share). On
August 15, 2000, the Bank purchased 3,650 shares of Common Stock at a cost of
$33,762.50 ($9.2500 per share). On August 23, 2000, the Bank purchased 1,200
shares of Common Stock at a cost of $11,100.00 ($9.2500 per share). On August
28, 2000, the Bank purchased 400 shares of Common Stock at a cost of $3,725.00
($9.3125 per share). On August 29, 2000, the Bank purchased 500 shares of Common
Stock at a cost of $4,644.41 ($9.2888 per share). On August 30, 2000, the Bank
purchased 2,350 shares of Common Stock at a cost of $22,031.25 ($9.3750 per
share). On August 31, 2000, the Bank purchased 1,043 shares of Common Stock at a
cost of $9,647.75 ($9.2500 per share). On August 31, 2000, the Bank purchased
100 shares of Common Stock at a cost of $968.75 ($9.6875 per share). On
September 18, 2000, the Bank purchased 292 shares of Common Stock at a cost of
$2,732.75 ($9.3587 per share). On September 19, 2000, the Bank purchased 708
shares of Common Stock at a cost of $6,561.31 ($9.2674 per share). On September
20, 2000, the Bank purchased 1,975 shares of Common Stock at a cost of
$18,268.75 ($9.2500 per share). On September 27, 2000, the Bank purchased 700
shares of Common Stock at a cost of $6,487.68 ($9.2681 per share). On September
29, 2000, the Bank purchased 300 shares of Common Stock at a cost of $2,806.25
($9.3542 per share). On October 2, 2000, the Bank purchased 400 shares of Common
Stock at a cost of $3,725.00 ($9.3125 per share). On October 5, 2000, the Bank
purchased 1,500 shares of Common Stock at a cost of $14,250.00 ($9.5000 per
share). On October 23, 2000, the Bank purchased 1,300 shares of Common Stock at
a cost of $12,431.25 ($9.5625 per share). On October 25, 2000, the Bank
purchased 1,200 shares of Common Stock at a cost of $11,550.00 ($9.6250 per
share). On November 3, 2000, the Bank
Page 4 of 11
<PAGE>
purchased 2,100 shares of Common Stock at a cost of $20,212.50 ($9.6250 per
share). On November 13, 2000, the Bank purchased 950 shares of Common Stock at a
cost of $9,143.75 ($9.6250 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: November 29, 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: November 29, 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 President and Chief Executive Officer of Vectra Bank
Colorado. Senior Vice President of Zions.
A. Scott Anderson Executive Vice President of Zions. President and
Director 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.
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 Chairman, President and Chief Executive Officer of
National Bank of Arizona. Senior Vice President of
Zions.
Page 8 of 11
<PAGE>
Name Position with Zions, Present Principal Occupation or
---- ----------------------------------------------------
Employment and Address
----------------------
James C. Hawkanson President and Chief Executive Officer of The Commerce
Bank of Washington, Senior Vice President of Zions.
W. David Hemingway Executive Vice President of Zions. Executive Vice
President of Zions First National Bank.
Clark B. Hinckley Senior Vice President of Zions.
Richard H. Madsen Director of Zions.
William Martin President and Chief Executive Officer of Nevada State
Bank, Senior Vice President of Zions.
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 and Executive Vice President of Zions.
Chairman and CEO California Bank & Trust.
Harris H. Simmons President and Chief Executive Officer of Zions.
Chairman of Zions First National Bank.
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. Senior Director of Communications
and Public Affairs for Huntsman Cancer Institute, 2000
Circle of Hope, Salt Lake City, UT 84112
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 Zions, 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, P.O. Box 45433,
Salt Lake City, Utah 84139.
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 W,
Salt Lake City, Utah 84107.
Susan Mooney Johnson Director of the Bank. President of Futura Industries
Bldg. H-11 Freeport Center, P.O. Box 160350,
Clearfield, UT 84016.
Dixie Leavitt Director of the Bank. Chairman, The Leavitt Group,
P.O. Box 130, Cedar City, UT 84720.
Robert A. Madsen, Sr. Director of the Bank. Chief Executive Officer of
RA Investments, 1000 Gateway Tower East, Salt Lake
City, UT 84111.
Page 10 of 11
<PAGE>
Name Position with Zions, 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
