SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 17 )*
----
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,
1380 Kennecott Building,
Salt Lake City, Utah 84133
(801) 524-4787
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
August 9, 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) [ ]
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3. SEC USE ONLY
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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 624,710
EACH ---------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH ---------------------------------
10. SHARED DISPOSITIVE POWER
624,710
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
624,710
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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)
32.1701%
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14. TYPE OF REPORTING PERSON
HC,CO
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Page 2 of 11
<PAGE>
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CUSIP NO. 552 617 102
--------------------
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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)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 462,456
EACH ---------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH ---------------------------------
10. SHARED DISPOSITIVE POWER
624,710
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
624,710
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.1701%
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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 624,710 shares of Common Stock
beneficially owned by Zions and the Bank were $ 3,909,591. 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
624,710 shares of Common Stock, which the Bank and Zions believe represents
approximately 32.1701% 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 624,710 shares of Common Stock
held by the Bank.
(c) On April 7, 2000, the Bank purchased 600 shares of Common Stock at a
cost of $6,506.47 ($10.8441 per share). On April 17, 2000, the Bank purchased
800 shares of Common Stock at a cost of $7,357.91 ($9.1974 per share). On April
25, 2000, the Bank purchased 1,000 shares of Common Stock at a cost of $9,373.83
($9.3738 per share). On April 27, 2000, the Bank purchased 100 shares of Common
Stock at a cost of $987.50 ($9.8750 per share). On April 28, 2000, the Bank
purchased 375 shares of Common Stock at a cost of $3,562.50 ($9.5000 per share).
On May 2, 2000, the Bank purchased 200 shares of Common Stock at a cost of
$1,925.00 ($9.6250 per share). On May 3, 2000, the Bank purchased 700 shares of
Common Stock at a cost of $6,619.16 ($9.4559 per share). On May 5, 2000, the
Bank purchased 367 shares of Common Stock at a cost of $3,490.63 ($9.5113 per
share). On May 17, 2000, the Bank purchased 1,000 shares of Common Stock at a
cost of $9,436.44 ($9.4364 per share). On May 19, 2000, the Bank purchased 1,200
shares of Common Stock at a cost of $11,400.00 ($9.5000 per share). On June 1,
2000, the Bank purchased 1,000 shares of Common Stock at a cost of $9,436.44
($9.4364 per share). On June 2, 2000, the Bank purchased 100 shares of Common
Stock at a cost of $975.00 ($9.7500 per share). On June 5, 2000, the Bank
purchased 900 shares of Common Stock at a cost of $8,384.65 ($9.3163 per share).
On June 7, 2000, the Bank purchased 1,100 shares of Common Stock at a cost of
$10,312.50 ($9.3750 per share). On June 13, 2000, the Bank purchased 1,000
shares of Common Stock at a cost of $9,436.45 ($9.4365 per share). On June 15,
2000, the Bank purchased 1,000 shares of Common Stock at a cost of $9,311.23
($9.3112 per share). On June 15, 2000, the Bank purchased 1,800 shares of Common
Stock at a cost of $16,875.00 ($9.3750 per share). On June 21, 2000, the Bank
purchased 500 shares of Common Stock at a cost of $4,613.06 ($9.2261 per share).
On July 6, 2000, the Bank purchased 1,000 shares of Common Stock at a cost of
$9,436.44 ($9.4364 per share). On July 7, 2000, the Bank purchased 1,900 shares
of Common Stock at a cost of $17,812.50 ($9.3750 per share). On July 10, 2000,
the Bank purchased 3,500 shares of Common Stock at a cost of $32,156.25 ($9.1875
per share). On July 10, 2000, the Bank purchased 3,000 shares of
Page 4 of 11
<PAGE>
Common Stock at a cost of $27,375.00 ($9.1250 per share). On July 11, 2000, the
Bank purchased 5,100 shares of Common Stock at a cost of $46,537.50 ($9.1250 per
share). On July 11, 2000, the Bank purchased 1,500 shares of Common Stock at a
cost of $13,593.75 ($9.0625 per share). On July 12, 2000, the Bank purchased
1,000 shares of Common Stock at a cost of $9,000.00 ($9.0000 per share). On July
12, 2000, the Bank purchased 1,800 shares of Common Stock at a cost of
$16,160.35 ($8.9780 per share). On July 13, 2000, the Bank purchased 100 shares
of Common Stock at a cost of $943.75 ($9.4375 per share). On July 17, 2000, the
Bank purchased 800 shares of Common Stock at a cost of $7,400.00 ($9.2500 per
share). On July 21, 2000, the Bank purchased 1,000 shares of Common Stock at a
cost of $9,125.00 ($9.1250 per share). On July 21, 2000, the Bank purchased
1,000 shares of Common Stock at a cost of $9,123.41 ($9.1234 per share). On July
28, 2000, the Bank purchased 3,750 shares of Common Stock at a cost of
$35,625.00 ($9.5000 per share). On August 1, 2000, the Bank purchased 500 shares
of Common Stock at a cost of $4,644.41 ($9.2888 per share). On August 3, 2000,
the Bank purchased 1,350 shares of Common Stock at a cost of $12,487.50 ($9.2500
per share). On August 3, 2000, the Bank purchased 500 shares of Common Stock at
a cost of $4,644.41 ($9.2888 per share). On August 4, 2000, the Bank purchased
1,025 shares of Common Stock at a cost of $9,481.25 ($9.2500 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: August 9, 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: August 9, 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.
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, Salt Lake City, Utah.
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.
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.
Richard H. Madsen Director of Zions.
William Martin 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, 11622 F-1 Camino Real, #200 San Diego, CA 92130.
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 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, Salt Lake City, UT 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, Salt Lake City, Utah
84107.
Susan Mooney Johnson Director of the Bank. President of Futura Industries.
P.O. Box 160350, Clearfield, Utah.
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, 1000 Gateway
Tower East, Salt Lake City, UT 84133.
Page 10 of 11
<PAGE>
Name Position with Zions, Present Principal Occupation or
---- ----------------------------------------------------
Employment and Address
----------------------
Roy C. Nelson Director of the Bank. Retired, 1569 East 4700, Ogden,
UT 84003
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
