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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
METALCLAD CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
591142194
---------------------------------------------------------------
(CUSIP Number)
Herbert Lee Oakes, Jr., Oakes, Fitzwilliams & Co., Byron House,
7-9 St James's Street, London SW1A 1EE, England
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 14, 1997
---------------------------------------------------------------
(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 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 the 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>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 2 OF 28 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HERBERT LEE OAKES, JR.
S.S. NUMBER: 408 709 755
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES OF AMERICA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 17,886 OF WHICH 17,886 ARE HELD BY REPORTING
PERSONS ON PAGES 2 THROUGH 5
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY NONE
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,396,022 OF WHICH 1,396,022 ARE HELD BY REPORTING
PERSONS ON PAGES 2 THROUGH 5
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,396,022 OF WHICH 1,396,022 ARE HELD BY REPORTING
PERSONS ON PAGES 2 THROUGH 6
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.44%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 3 OF 28 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS EXECUTIVE DEATH BENEFIT &
RETIREMENT SCHEME NO. 2
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
ENGLAND
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY NONE
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
75,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
75,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.24%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
EP
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 4 OF 28 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PURBROOK CORPORATION
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
PANAMA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY NONE
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
NONE
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.00%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 5 OF 28 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO. S.A.
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
PANAMA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY NONE
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
1,182,136
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,182,136
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
3.76%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 6 OF 28 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO. LIMITED
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
ENGLAND
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
17,886
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY NONE
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
138,886
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
138,886
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.44%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
CUSIP NO: 591142104 Page 7 of 28 Pages
Amendment No. 3 to the
Statement on Schedule 13D
Metalclad Corporation
Item 1. Security and Issuer
This Statement relates to the Common Stock, par value US$0.10 per share
(the "Common Stock") of Metalclad Corporation (the "Issuer") whose
principal executive offices are located at 2 Corporate Plaza, Suite 125,
Newport Beach, CA 92660, USA.
Item 2. Identity and Background
This Amendment No.3 to Statement on Schedule 13D (the "Amendment") is filed
with respect to an Event on 14 November, 1997 and is filed by Herbert Lee
Oakes, Jr. who pursuant to 13(d)(3) of the Securities Exchange Act of 1934,
as amended, is deemed to be the ultimate beneficial owner of all of the
Common Stock of the Issuer owned by all of the following persons who are a
group.
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Oakes, Fitzwilliams & Co. Limited is incorporated under the laws of
England. The principal business of Oakes, Fitzwilliams & Co. Limited is to
act as investment advisor and stockbroker. The address of its principal
business and its principal office is:
Byron House
7-9 St James's Street
London SW1A 1EE
England
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co. Limited are set out below:
<PAGE>
CUSIP NO: 591142104 Page 8 of 28 Pages
Name & Position Citizenship Business Address
- --------------- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
Director and Secretary 7-9 St James's Street
London SW1 1EE
England
Duncan Fitzwilliams United Kingdom Byron House
Director 7-9 St James's Street
London SW1 1EE
England
Robert Bunker United Kingdom Byron House
Director 7-9 St James's Street
London SW1 1EE
England
Robert Mackenzie United Kingdom Byron House
Director 7-9 St James's Street
London SW1 1EE
England
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co. Limited.
During the last five years, neither Oakes, Fitzwilliams & Co. Limited nor any of
its directors or officers has been convicted in any criminal proceeding. During
the last five years, neither Oakes, Fitzwilliams & Co. Limited nor any of its
directors or officers has been a party to any civil proceeding of a judicial or
administrative body of competent jurisdiction, the result of which was or is a
judgement, 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.
<PAGE>
CUSIP NO: 591142104 Page 9 of 28 Pages
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two is
a self administered pension scheme established under and governed by
English law. The sole beneficiary of scheme No. Two is Herbert Lee Oakes,
Jr.
The address of Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two is
c/o Oakes, Fitzwilliams & Co. Limited
Byron House
7- 9 St James's Street
London SW1A 1EE
England
The names, titles, citizenship and business addresses of the trustees of
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two are
set out below:
Name Citizenship Business Address
---- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
7-9 St James's Street
London SW1 1EE
England
Duncan Fitzwilliams United Kingdom Byron House
7-9 St James's Street
London SW1 1EE
England
Scottish Equitable United Kingdom 90 Long Acre
Trustees Ltd London WC2E 9RA
<PAGE>
CUSIP NO: 591142104 Page 10 of 28 Pages
There are no other trustees of Oakes, Fitzwilliams Executive Death Benefit
& Retirement Scheme No. Two.
During the last five years, neither Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two nor any of its trustees has been
convicted in any criminal proceeding. During the last five years, neither
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two nor
any of its trustees has been a party to any civil proceeding of a judicial
or administrative body of competent jurisdiction, the result of which was
or is a judgement, 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.
(c) Purbrook Corporation
--------------------
Purbrook Corporation is incorporated under the laws of Panama. The
principal business of Purbrook Corporation is to act as an investment
company. The address of its principal business and its principal office
is:
P.O. Box 029
Panama 5
Republic of Panama
The names, titles, citizenship and business addresses of the directors and
executive officers of Purbook Corporation are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
Director 7-9 St James's Street
London SW1 1EE
England
<PAGE>
CUSIP NO: 591142104 Page 11 of 28 Pages
C. Edmonds Allen United States Compass Intern-
Director ational
405 East 54th Street
New York, NY 10022
United States
Edgar Aronson United States Suite 512
Director 551 Fifth Avenue
New York, NY 10176
United States
There are no other executive officers or directors of Purbook Corporation.
During the last five years, neither Purbook Corporation nor any of its
directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Purbook Corporation nor any of its
directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is a judgement, 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.
(d) Oakes, Fitzwilliams & Co S.A.
-----------------------------
Oakes, Fitzwilliams & Co S.A. is incorporated under the laws of Panama.
The principal business of Oakes, Fitzwilliams & Co S.A. is investment
banking and stockbroking. The address of its principal business and its
principal office is:
P.O. Box 029
Panama 5
Republic of Panama
<PAGE>
CUSIP NO: 591142104 Page 12 of 28 Pages
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co S.A. are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
Director and President 7-9 St James's Street
London SW1 1EE
England
Herbert Lee Oakes, Sr United States 33 Stonedge Village
Director Lookout Mountain
Tennessee 37350
United States
Edgar Aronson United States Suite 512
Director, Secretary 551 Fifth Avenue
and Treasurer New York, NY 10176
United States
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co S.A.
During the last five years, neither Oakes, Fitzwilliams & Co S.A. nor any
of its directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Oakes, Fitzwilliams & Co S.A. nor any
of its directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is a judgement, 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.
<PAGE>
CUSIP NO: 591142104 Page 13 of 28 Pages
(e) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. is a citizen of the United States of America
resident in the United Kingdom of Great Britain and Northern Ireland at the
following address:
13 Gerald Road
London SW1W 9EH
England
Herbert Lee Oakes, Jr. is a director of Oakes, Fitzwilliams & Co. Limited,
Purbrook Corporation and Oakes, Fitzwilliams & Co. S.A.
During the last five years, Herbert Lee Oakes, Jr. has not been convicted
in any criminal proceeding. During the last five years, Herbert Lee Oakes,
Jr. has not been a party to any civil proceeding of a judicial or
administrative body of competent jurisdiction, the result of which was or
is a judgement, 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.
Item 3. Source and Amount of Funds or Other Consideration
(a) Oakes, Fitzwilliams & Co Limited
--------------------------------
During the period from April 30, 1997 to November 14, 1997, the aggregate
amount of funds used by Oakes, Fitzwilliams & Co Limited to purchase
securities of the Issuer was $1,195,192, and all such securities were
purchased using funds from working capital and proceeds of the sale of
securities of the Issuer.
<PAGE>
CUSIP NO: 591142104 Page 14 of 28 Pages
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
During the period from April 30, 1997 to November 14, 1997, Oakes,
Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two did not
purchase any securities of the Issuer.
(c) Purbrook Corporation
--------------------
During the period from April 30, 1997 to November 14, 1997, Purbrook
Corporation did not purchase any securities of the Issuer.
(d) Oakes, Fitzwilliams & Co S.A.
-----------------------------
During the period from April 30, 1997 to November 14, 1997, Oakes,
Fitzwilliams & Co S.A. did not purchase any securities of the Issuer.
(e) Herbert Lee Oakes, Jr.
----------------------
During the period from April 30, 1997 to November 14, 1997, Herbert Lee
Oakes, Jr. did not purchase any securities of the Issuer.
Item 4. Purpose of Transaction
(a) Oakes, Fitzwilliams & Co Limited
--------------------------------
Oakes, Fitzwilliams & Co Limited acquired the securities of the Issuer in
connection with its market-making activities outside the U.S. Such
securities were not acquired for the purpose of, and do not have the effect
of, changing the control of the Issuer and were not acquired in connection
with, or as a participant in, any transaction having such purpose or
effect.
<PAGE>
CUSIP NO: 591142104 Page 15 of 28 Pages
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two did
not acquire any securities of the Issuer during the period from April 30,
1997 to November 14, 1997.
(c) Purbrook Corporation
--------------------
Purbrook Corporation did not acquire any securities of the Issuer during
the period from April 30, 1997 to November 14, 1997.
(d) Oakes, Fitzwilliams & Co S.A.
-----------------------------
Oakes, Fitzwilliams & Co S.A. did not acquire any securities of the Issuer
during the period from April 30, 1997 to November 14, 1997.
(e) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. did not acquire any securities of the Issuer during
the period from April 30, 1997 to November 14, 1997.
Item 5. Interest in Securities of the Issuer
For the purposes of the disclosure in this Item 5, the following
abbreviations are used in Schedule 1 attached hereto and incorporated
herein:
OFCO - Oakes, Fitzwilliams & Co. Limited
OFSA - Oakes, Fitzwilliams & Co. S.A.
<PAGE>
CUSIP NO: 591142104 Page 16 of 28 Pages
PURB - Purbrook Corporation
OFCP - Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two
A list of the transactions in shares in common stock of the Issuer and
warrants to purchase shares of common stock of the Issuer during the period
from April 30, 1997 to November 14, 1997 is set out on Schedule 1 attached
hereto and incorporated herein.
Transactions on Schedule 1 numbered 14, 15, 18, 19, 64, 65, 98, 99, 100 and
101 were exercises of warrants to purchase shares of the Common Stock of
the Issuer. Transactions on Schedule 1 numbered 102 and 103 were issues by
the Issuer of warrants to purchase shares of the Common Stock of the
Issuer. Transactions on Schedule 1 numbered 1, 3, 5, 6, 9, 11, 13, 16, 17,
20-30, 33-36, 42, 43, 48-50, 53, 54, 57, 58, 61, 66, 71-73, 78, 81, 82, 84,
87, 88, 93, 96, 109, 110, 112, 113, 115-117 were transactions with market
makers in the United States. All other transactions on Schedule 1 were
private transactions outside the United States.
A summary of the positions of each of the reporting persons is set out
below.
(a) Oakes, Fitzwilliams & Co Limited
--------------------------------
On April 30, 1997, Oakes, Fitzwilliams & Co Limited did not own any Common
Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co Limited held warrants to
purchase 108,500 shares (0.35%) of the Common Stock of the Issuer.
On November 14, 1997, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams & Co Limited was 17,886 shares
(0.06%) of the Common Stock of the Issuer.
On November 14, 1997, Oakes, Fitzwilliams & Co Limited held warrants to
purchase 121,000 warrants (0.38%) of the Common Stock of the Issuer.
<PAGE>
CUSIP NO: 591142104 Page 17 of 28 Pages
On November 14, 1997, Oakes, Fitzwilliams & Co Limited:
(i) had sole power to vote and sole power to dispose of 17,886 shares
(0.06%) of the Common Stock of the Issuer
(ii) had sole power to dispose of warrants to purchase 121,000 shares
(0.38%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to
vote and sole power to dispose of a net 138,886 shares (0.44%) of the
Common Stock of the Issuer.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
On April 30, 1997, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two was 25,000 shares (0.08%).
On April 30, 1997, Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two held warrants to purchase 75,000 warrants (0.24%) of the
Common Stock of the Issuer.
On November 14, 1997,Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two did not own any Common Stock of the Issuer.
On November 14, 1997, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two held warrants to purchase 75,000 warrants (0.24%)
of the Common Stock of the Issuer.
On November 14, 1997, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two:
(i) had sole power to vote and sole power to dispose of nil shares
(0.00%) of the Common Stock of the Issuer
(ii) had sole power to dispose of warrants to purchase 75,000 shares
(0.24%) of the Common Stock of the Issuer; and
<PAGE>
CUSIP NO: 591142104 Page 18 of 28 Pages
(iii) would have, upon exercise of the warrants in full, sole power to
vote and sole power to dispose of a net 75,000 shares (0.24%) of the Common
Stock of the Issuer.
(c) Purbrook Corporation
--------------------
On April 30, 1997, Purbrook Corporation held nil shares of the Common Stock
of the Issuer.
On April 30, 1997, Purbrook Corporation held warrants to purchase 680,000
warrants (2.18%) of the Common Stock of the Issuer.
On November 14, 1997, Purbrook Corporation held nil shares of the Common
Stock of the Issuer.
On November 14, 1997, Purbrook Corporation held nil warrants of the Common
Stock of the Issuer.
On November 14, 1997, Purbrook Corporation had sole power to vote and sole
power to dispose of nil shares and nil warrants to purchase shares (0.00%)
of the Common Stock of the Issuer.
(d) Oakes, Fitzwilliams & Co S.A.
-----------------------------
On April 30, 1997, Oakes, Fitzwilliams & Co S.A. held nil shares of the
Common Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co S.A. held warrants to purchase
1,182,135 warrants (3.79%) of the Common Stock of the Issuer.
On November 14, 1997, Oakes, Fitzwilliams & Co S.A. held nil shares of the
Common Stock of the Issuer.
On November 14, 1997, Oakes, Fitzwilliams & Co S.A. held warrants to
purchase 1,182,136 warrants (3.76%) of the Common Stock of the Issuer.
<PAGE>
CUSIP NO: 591142104 Page 19 of 28 Pages
On November 14, 1997, Oakes, Fitzwilliams & Co S.A.:
(i) had sole power to vote and sole power to dispose of nil shares
(0.0%) of the Common Stock of the Issuer
(ii) had sole power to dispose of warrants to purchase 1,182,136 shares
(3.76%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to
vote and sole power to dispose of a net 1,182,136 shares (3.76%) of the
Common Stock of the Issuer.
(e) Herbert Lee Oakes, Jr.
----------------------
On April 30, 1997, Herbert Lee Oakes, Jr. held directly nil shares (0.0%)
of the Common Stock of the Issuer.
On April 30, 1997, Herbert Lee Oakes, Jr. held directly nil warrants to
purchase shares (0.0%) of the Common Stock of the Issuer. During the
period from April 30, 1997, to November 14, 1997, Herbert Lee Oakes, Jr.
did not make any transactions in the securities of the Issuer.
On November 14, 1997, Herbert Lee Oakes, Jr. had sole power to vote and
sole power to dispose of nil shares and nil warrants to purchase shares
(0.0%) of the Common Stock of the Issuer.
(f) As a Group
----------
On April 30, 1997, the aggregate number of shares of the Common Stock of
the Issuer held (i) by the entities described in paragraphs (a) through (d)
above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (e) above, totalled 2,070,635 shares (6.64%), which
number includes the 2,045,635 shares (6.56%) of the Common Stock of the
Issuer
<PAGE>
CUSIP NO: 591142104 Page 20 of 28 Pages
obtainable upon the exercise in full of all of the warrants held by Oakes,
Fitzwilliams & Co Limited, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two, Purbrook Corporation and Oakes, Fitzwilliams &
Co S.A. as described above.
On November 14, 1997, the aggregate number of shares of the Common Stock of
the Issuer held (i) by the entities described in paragraphs (a) through (d)
above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (e) above, totalled 1,396,022 shares (4.44%), which
number includes the 1,378,136 shares (4.38%) of the Common Stock of the
Issuer obtainable upon the exercise in full of all of the warrants held by
Oakes, Fitzwilliams & Co Limited, Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two, and Oakes, Fitzwilliams & Co S.A. as
described above.
On November 14, 1997, the aggregate number of shares of the Common Stock
and warrants to purchase shares of Common Stock of the Issuer (i) by the
entities described in paragraphs (a) through (d) above but which Herbert
Lee Oakes, Jr. was deemed to have sole power to vote and sole power to
dispose of within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934 as amended and (ii) held by Herbert Lee Oakes, Jr.
directly as described in paragraph (e) above was as follows:
(i) sole power to vote and sole power to dispose of a net amount of
17,886 shares (0.06%) of the Common Stock of the Issuer;
(ii) sole power to dispose of warrants to purchase a total of 1,378,136
shares (4.38%) of the Common Stock of the Issuer; and
(iii) upon exercise of all of the warrants in full for a total of
1,378,136 shares (4.38%) of the Common Stock of the Issuer, sole power to
vote and sole power to dispose of 1,396,022 shares (4.44%) of the Common
Stock of the Issuer.
<PAGE>
CUSIP NO: 591142104 Page 21 of 28 Pages
The aggregate numbers of shares of the Common Stock of the Issuer shown in
this Item 5 as held as a group is in all cases the net number resulting
from the addition of the number of shares of the Common Stock of the Issuer
held for investment and the number of shares of the Common Stock of the
Issuer held for market-making purposes by the various entities and
individual comprising the group.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Herbert Lee Oakes, Jr. is the controlling shareholder of Oakes,
Fitzwilliams & Co. Limited
Herbert Lee Oakes, Jr. is the sole beneficiary of Oakes, Fitzwilliams
Executive Death Benefit & Retirement Scheme No. Two.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Purbrook Corporation.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Oakes, Fitzwilliams & Co S.A.
For purposes of Rule 13d-3, Herbert Lee Oakes, Jr is deemed to be the
beneficial owner of, to have the right to vote or to direct the vote of,
and to have the right to dispose or to direct the disposition of, all of
the securities of the Issuer which are described in Item 5 above and are
owned by Oakes, Fitzwilliams & Co Limited, Oakes, Fitzwilliams Executive
Death Benefit & Retirement Scheme No. Two, Purbrook Corporation and Oakes,
Fitzwilliams & Co. S.A.
Herbert Lee Oakes, Jr. disclaims beneficial ownership of all of the
securities of the Issuer reported in this Statement.
<PAGE>
CUSIP NO: 591142104 Page 22 of 28 Pages
Item 7. Material to be filed as Exhibits
See Exhibit A - Joint Filing Agreement. The original copy of the Joint
Filing Agreement among Oakes, Fitzwilliams & Co Limited, Oakes,
Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two, Purbrook
Corporation, Oakes, Fitzwilliams & Co. S.A. and Herbert Lee Oakes, Jr. is
attached to this Statement as Exhibit A.
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.
Dated: ................................ ..............................
Herbert Lee Oakes, Jr.
<PAGE>
CUSIP NO: 591142104 Page 23 of 28 Pages
Exhibit A - Joint Filing Agreement
The undersigned hereby agree that Amendment No.3 to the Statement on
Schedule 13D with respect to the shares of Common Stock, par value $0.10
per share, of Metalclad Corporation is, and any further amendments thereto
executed on behalf of each of us by Herbert Lee Oakes, Jr. shall be, filed
on behalf of each of us by Herbert Lee Oakes, Jr. pursuant to and in
accordance with the provisions of Rule 13d-1(f) under the Securities
Exchange Act of 1934 as amended.
This Agreement may be executed in separate counterparts by each of the
undersigned, each of which counterparts shall be an original but all of
which, taken together, shall constitute but one and the same instrument.
It shall not be necessary that each of the undersigned sign any one
counterpart.
Dated as of
November 14, 1997 Oakes, Fitzwilliams & Co. Limited
By: .........................................
Name: .........................................
Title: .........................................
Dated as of
November 14, 1997 Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two
By: .........................................
Name: .........................................
Title: .........................................
<PAGE>
CUSIP NO: 591142104 Page 24 of 28 Pages
Dated as of
November 14, 1997 Purbrook Corporation
By: .........................................
Name: .........................................
Title: .........................................
Dated as of
November 14, 1997 Oakes, Fitzwilliams & Co S.A.
By: .........................................
Name: .........................................
Title: .........................................
Dated as of
November 14, 1997 Herbert Lee Oakes, Jr.
.........................................
<PAGE>
CUSIP NO:591142104 SCHEDULE 1 Page 25 of 28 Pages
Item Date Group Group No. of No. of Price
Member Member Shares Warrants
Buyer Seller
1 21-May-97 OFCO 2,000 1.250
2 21-May-97 OFCO OFCP 2,000 1.250
3 22-May-97 OFCO 8000 1.250
4 22-May-97 OFCO OFCP 8000 1.250
5 5-Jun-97 OFCO 5000 1.250
6 5-Jun-97 OFCO 5000 1.3125
7 5-Jun-97 OFCO OFCP 10000 1.28125
8 6-Jun-97 OFCO OFCP 5000 1.3125
9 6-Jun-97 OFCO 5000 1.3125
10 15-Jul-97 OFCO 5000 1.5
11 15-Jul-97 OFCO 5000 1.5
12 15-Jul-97 OFCO 5000 0.2
13 28-Jul-97 OFCO 30000 1.4375
14 28-Jul-97 OFCO 50000 1.5
15 28-Jul-97 OFCO 50000 1.5
16 6-Aug-97 OFCO 20000 1.4375
17 6-Aug-97 OFCO 10000 1.46875
18 7-Aug-97 OFCO 50000 1.5
19 7-Aug-97 OFCO 50000 1.5
20 11-Aug-97 OFCO 10000 0 1.4375
21 11-Aug-97 OFCO 10000 0 1.5
22 11-Aug-97 OFCO 10000 0 1.5625
23 11-Aug-97 OFCO 10000 0 1.5625
24 11-Aug-97 OFCO 25000 0 1.5625
25 11-Aug-97 OFCO 25000 0 1.625
26 11-Aug-97 OFCO 25000 0 1.875
27 12-Aug-97 OFCO 5000 0 1.8125
28 12-Aug-97 OFCO 20000 0 1.6875
29 13-Aug-97 OFCO 35000 0 1.5
30 14-Aug-97 OFCO 27500 0 1.5
31 18-Aug-97 OFCO 1000 0 1.4375
32 18-Aug-97 OFCO 0 1000 0.05
33 18-Aug-97 OFCO 12500 0 1.4375
<PAGE>
CUSIP NO:591142104 SCHEDULE 1 Page 26 of 28 Pages
Item Date Group Group No. of No. of Price
Member Member Shares Warrants
Buyer Seller
34 18-Aug-97 OFCO 25000 0 1.5
35 18-Aug-97 OFCO 1000 0 1.4375
36 18-Aug-97 OFCO 25000 0 1.5
37 18-Aug-97 OFCO 28645 0 1.4875
38 18-Aug-97 OFCO 2605 0 1.4875
39 19-Aug-97 OFCO 14000 0 1.525
40 19-Aug-97 OFCO 0 100000 0.05
41 19-Aug-97 OFCO 0 7000 0.05
42 19-Aug-97 OFCO 25000 0 1.525
43 19-Aug-97 OFCO 20000 0 1.5625
44 19-Aug-97 OFCO 14205 0 1.549
45 19-Aug-97 OFCO 1295 0 1.549
46 20-Aug-97 OFCO 18350 0 1.46875
47 20-Aug-97 OFCO 1650 0 1.46875
48 20-Aug-97 OFCO 10000 0 1.4375
49 20-Aug-97 OFCO 10000 0 1.4375
50 20-Aug-97 OFCO 20000 0 1.5
51 21-Aug-97 OFCO 850 0 1.4375
52 21-Aug-97 OFCO 9150 0 1.4375
53 21-Aug-97 OFCO 10000 0 1.4375
54 21-Aug-97 OFCO 10000 0 1.4375
55 22-Aug-97 OFCO 22900 0 1.4375
56 22-Aug-97 OFCO 2100 0 1.4375
57 22-Aug-97 OFCO 25000 0 1.4375
58 25-Aug-97 OFCO 25000 0 1.4375
59 26-Aug-97 OFCO OFSA 314300 0 1.53225
60 26-Aug-97 OFCO OFSA 87836 0 1.4
61 27-Aug-97 OFCO 10000 0 1.4375
62 27-Aug-97 OFCO 4580 0 1.4375
63 27-Aug-97 OFCO 420 0 1.4375
64 27-Aug-97 OFCO 8500 1.5
65 27-Aug-97 OFCO 8500 1.5
<PAGE>
CUSIP NO:591142104 SCHEDULE 1 Page 27 of 28 Pages
Item Date Group Group No. of No. of Price
Member Member Shares Warrants
Buyer Seller
66 28-Aug-97 OFCO 15000 0 1.4375
67 28-Aug-97 OFCO 6875 0 1.4375
68 28-Aug-97 OFCO 625 0 1.4375
69 29-Aug-97 OFCO 11460 0 1.4375
70 29-Aug-97 OFCO 1040 0 1.4375
71 29-Aug-97 OFCO 25000 0 1.4375
72 2-Sep-97 OFCO 25000 0 1.4375
73 2-Sep-97 OFCO 10000 0 1.4688
74 2-Sep-97 OFCO 16040 0 1.4378
75 2-Sep-97 OFCO 1460 0 1.4378
76 4-Sep-97 OFCO 8000 0 1.4375
77 4-Sep-97 OFCO 0 8000 0.05
78 4-Sep-97 OFCO 8000 0 1.4375
79 4-Sep-97 OFCO 19250 0 1.4375
80 4-Sep-97 OFCO 1750 0 1.4375
81 4-Sep-97 OFCO 42000 0 1.4375
82 5-Sep-97 OFCO 5000 0 1.4375
83 5-Sep-97 OFCO 2500 0 1.4375
84 11-Sep-97 OFCO 5000 0 1.46875
85 11-Sep-97 OFCO 2000 0 1.4387
86 11-Sep-97 OFCO 500 0 1.4387
87 12-Sep-97 OFCO 5000 0 1.46875
88 12-Sep-97 OFCO 10000 0 1.4375
89 12-Sep-97 OFCO 6875 0 1.4379
90 12-Sep-97 OFCO 625 0 1.4379
91 16-Sep-97 OFCO 6875 0 1.4375
92 16-Sep-97 OFCO 625 0 1.4375
93 16-Sep-97 OFCO 15000 0 1.4375
94 24-Sep-97 OFCO 14000 0 1.3125
95 24-Sep-97 OFCO 0 14000 0.05
96 24-Sep-97 OFCO 14000 0 1.3125
97 24-Sep-97 OFCO 0 35000 0.05
<PAGE>
CUSIP NO:591142104 SCHEDULE 1 Page 28 of 28 Pages
Item Date Group Group No. of No. of Price
Member Member Shares Warrants
Buyer Seller
98 30-Sep-97 OFSA 0 84300 1.5
99 30-Sep-97 OFSA 0 230000 1.5
100 30-Sep-97 OFSA 0 87836 1.5
101 30-Sep-97 OFSA 402136 0 1.5
102 30-Sep-97 OFSA 0 402136 1.5
103 30-Sep-97 OFSA 0 1 0
104 9-Oct-97 OFCO 0 14000 0.0700
105 9-Oct-97 OFCO 0 35000 0.0700
106 27-Oct-97 OFCO 5000 0 1.3125
107 28-Oct-97 OFCO 15000 0 1.3125
108 29-Oct-97 OFCO 5000 0 1.3125
109 3-Nov-97 OFCO 5000 0 1.2500
110 3-Nov-97 OFCO 25000 0 1.1875
111 3-Nov-97 OFCO 30000 0 1.1979
112 4-Nov-97 OFCO 10000 0 1.1875
113 4-Nov-97 OFCO 2500 0 1.2188
114 4-Nov-97 OFCO 20000 0 1.1875
115 5-Nov-97 OFCO 7500 0 1.2188
116 5-Nov-97 OFCO 25000 0 1.2012
117 12-Nov-97 OFCO 5000 0 1.1875
118 14-Nov-97 PURB 0 680000 0.0100
<PAGE>
<TABLE>
<S> <C>
---------------------------------
OMB APPROVAL
---------------------------------
UNITED STATES OMB NUMBER: 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 1994
WASHINGTON, D.C. 20549 Estimated average burden
hours per form . ..14.90
---------------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1.) *
METALCLAD CORPORATION
- --------------------------------------------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------------------------------------------
(Title of Class of Securities)
591142104
----------------------------------------------------------------
(CUSIP Number)
Herbert Lee Oakes, Jr., Oakes, Fitzwilliams & Co., Byron House, 7-9 St. James's Street, London SW1A 1EE, England
- --------------------------------------------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 29, 1996
----------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
</TABLE>
If the 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 less than five percent 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>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 2 OF 58 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO. LIMITED
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 ENGLAND
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 NONE
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 114,000
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
114,OOO
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 3 OF 58 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS EXECUTIVE DEATH BENEFIT & RETIREMENT SCHEME NO. TWO
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 ENGLAND
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 25,000
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 75,000
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 100,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 0.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 EP
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 4 OF 58 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKTREE PRODUCTIONS N.V.
NO S.S. OR I.R.S IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 NETHERLANDS
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 NONE
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 NONE
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
NONE
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 5 OF 58 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PURBROOK CORPORATION
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
PANAMA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 125,956
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 680,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
805,956
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 6 OF 58 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO. S.A.
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
PANAMA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 662,135
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
662,135
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 7 OF 58 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO., L.P.
I.R.S. IDENTIFICATION NUMBER: 13-3772108
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF NONE
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING NONE
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
NONE
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 8 OF 58 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HERBERT LEE OAKES, JR.
S.S. NUMBER 409 70 9755
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES OF AMERICA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 147,956 OF WHICH 147,956 ARE HELD BY REPORTING
PERSONS ON PAGES 2 THROUGH 7
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,679,091 OF WHICH 1,679,091 ARE HELD BY REPORTING
PERSONS ON PAGES 2 THROUGH 7
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,679,091 OF WHICH 1,679,091 ARE HELD BY REPORTING PERSONS ON PAGES 2
THROUGH 7
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 9 OF 58 PAGES
- ----------------------- ---------------------
AMENDMENT NO. 1 TO THE
STATEMENT ON SCHEDULE 13D
METALCLAD CORPORATION
ITEM 1. SECURITY AND ISSUER
This Statement relates to the Common Stock, par value US$0.10 per share
(the "Common Stock") of Metalclad Corporation (the "Issuer") whose
principal executive offices are located at 3737 Birch Street, Suite 300,
Newport Beach, California 92660, USA.
ITEM 2. IDENTITY AND BACKGROUND
This Amendment No.1 to Statement on Schedule 13D (the "Amendment") is filed
with respect to an Event on February 29, 1996, amends the Statement on
Schedule 13D (the "Statement") filed with respect to an Event on September
29, 1994 and is filed by Herbert Lee Oakes, Jr. who pursuant to 13(d)(3) of
the Securities Exchange Act of 1934, as amended, is deemed to be the
ultimate beneficial owner of all of the Common Stock of the Issuer owned by
all of the following persons who are a group.
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Oakes, Fitzwilliams & Co. Limited is incorporated under the laws of
England. The principal business of Oakes, Fitzwilliams & Co. Limited is to
act as an investment advisor and stockbroker. The address of its principal
business and its principal office is:
Byron House
7-9 St. James's Street
London SW1A 1EE
England
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 10 OF 58 PAGES
- ----------------------- ---------------------
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co. Limited are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr. United States Byron House
Director and Secretary 7-9 St. James's Street
London SW1A 1EE
England
Duncan J.L. Fitzwilliams United Kingdom Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
Robert Bunker United Kingdom Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
Robert McKenzie United Kingdom Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co. Limited.
During the last five years, neither Oakes, Fitzwilliams & Co. Limited nor
any of its directors or officers has been convicted in any criminal
proceeding. During the last five years, neither Oakes, Fitzwilliams & Co.
Limited nor any of its directors or officers has been a party to any civil
proceeding of a judicial or administrative body of competent jurisdiction,
the result of which was or is a judgement, decree or final order enjoining
future viol-
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 11 OF 58 PAGES
- ----------------------- ---------------------
ations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two
-----------------------------------------------------------------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two is
a self administered pension scheme established under and governed by
English law. The sole beneficiary of Scheme No. Two is Herbert Lee Oakes,
Jr.
The address of Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two is:
c/o Oakes, Fitzwilliams & Co. Limited
Byron House
7-9 St. James's Street
London SW1A 1EE
England
The names, citizenship and business addresses of the trustees of Oakes,
Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two are set
out below:
Name Citizenship Business Address
---- ----------- ----------------
Herbert Lee Oakes, Jr. United States Byron House
7-9 St. James' Street
London SW1A 1EE
England
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 12 OF 58 PAGES
- ----------------------- ---------------------
Name Citizenship Business Address
---- ----------- ----------------
Duncan J.L. Fitzwilliams United Kingdom Byron House
7-9 St. James's Street
London SW1A 1EE
England
Richard Kennedy United Kingdom Stuart House
55 Catherine Place
London SW1E 6DY
England
There are no other trustees of Oakes, Fitzwilliams Executive Death Benefit
& Retirement Scheme No. Two.
During the last five years, neither Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two nor any of its trustees has been
convicted in any criminal proceeding. During the last five years, neither
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two nor
any of its trustees has been a party to any civil proceeding of a judicial
or administrative body of competent jurisdiction, the result of which was
or is 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.
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two was
incorrectly designated Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. One in the Statement.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 13 OF 58 PAGES
- ----------------------- ---------------------
(c) Oaktree Productions N.V.
------------------------
Oaktree Productions N.V. is incorporated under the laws of the Netherlands
Antilles. The principal business of Oaktree Productions N.V. is to act as
a holding and investment company. The address of its principal business
and its principal office is:
De Ruyterkade 62
Willemstad
Curacao
Netherlands Antilles
The names, titles, citizenship and business addresses of the directors and
executive officers of Oaktree Productions N.V. are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr. United States Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
Edgar Aronson United States 770 Lexington Ave
Director N.Y., N.Y. 10017
United States
Curacao International Netherlands De Ruyterkade 62
Trust Company N.V. Antilles Willemstad
Director Curacao
Netherlands Antilles
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 14 OF 58 PAGES
- ----------------------- ---------------------
There are no other executive officers or directors of Oaktree Productions
N.V.
During the last five years, neither Oaktree Productions N.V. nor any of its
directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Oaktree Productions N.V. nor any of its
directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is 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.
(d) Purbrook Corporation
--------------------
Purbrook Corporation is incorporated under the laws of Panama. The
principal business of Purbrook Corporation is to act as an investment
company. The address of its principal business and its principal office is:
Edificio Banco do Brasil
Calle Elvira Mendez 10
Panama
Republic of Panama
The names, titles, citizenship and business addresses of the directors and
executive officers of Purbrook Corporation are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr. United States Byron House
Director 7-9 St. James's Street
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 15 OF 58 PAGES
- ----------------------- ---------------------
London SW1A 1EE
England
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Edmonds Allen United States Compass International
Director 155 East 55th Street
New York, NY 10002
United States
Edgar David Aronson United States Edaco
Director 11th Floor
770 Lexington Avenue
New York, NY 10021
United States
Robert Peake United Kingdom Byron House
Secretary 7-9 St. James's Street
London SW1A 1EE
England
There are no other executive officers or directors of Purbrook Corporation.
During the last five years, neither Purbrook Corporation nor any of its
directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Purbrook Corporation nor any of its
directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is 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.
(e) Oakes, Fitzwilliams & Co. S.A.
------------------------------
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 16 OF 58 PAGES
- ----------------------- ---------------------
Oakes, Fitzwilliams & Co. S.A. is incorporated under the laws of Panama.
The principal business of Oakes, Fitzwilliams & Co. S.A. is investment
banking and stockbroking. The address of its principal business and its
principal office is:
Edificio Banco do Brasil
Calle Elvira Mendez No. 10
Panama
Republic of Panama
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co. S.A. are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr. United States Byron House
Director and President 7-9 St. James's Street
London SW1A 1EE
England
Herbert Lee Oakes, Sr. United States 33 Stonedge Village
Director Lookout Mountain
Tennessee 37350
United States
Edgar David Aronson United States Edaco
Director, Secretary 11th Floor
and Treasurer 770 Lexington Ave
NY, NY 10021
United States
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 17 OF 58 PAGES
- ----------------------- ---------------------
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co. S.A.
During the last five years, neither Oakes, Fitzwilliams & Co. S.A. nor any
of its directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Oakes, Fitzwilliams & Co. S.A. nor any
of its directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is 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) Oakes, Fitzwilliams & Co., L.P.
-------------------------------
Oakes, Fitzwilliams & Co., L.P. is a limited partnership organized under
the laws of Delaware, United States of America. Its General Partner is
Oakes, Fitzwilliams & Co. Inc., which is incorporated under the laws of
Delaware, United States of America. The principal business of Oakes,
Fitzwilliams & Co., L.P. is investment banking and stockbroking. The
address of the principal business and principal office of its General
Partner is:
909 Third Avenue
9th Floor
New York, N.Y. 10022
United States
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co. Inc. are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr. United States Byron House
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 18 OF 58 PAGES
- ----------------------- ---------------------
Director and President 7-9 St. James's Street
London SW1A 1EE
England
Name & Position Citizenship Business Address
--------------- ----------- ----------------
James Gellert United States 909 Third Avenue
Director and 9th Floor
Vice President New York
N.Y. 10022
United States
Edgar David Aronson United States Edaco
Director, Secretary 11th Floor
and Treasurer 770 Lexington Ave.
NY, NY 10021
United States
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co., L.P.
During the last five years, neither Oakes, Fitzwilliams & Co., L.P. nor any
of its directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Oakes, Fitzwilliams & Co., L.P. nor any
of its directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is 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.
(g) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. is a citizen of the United States of America
resident
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 19 OF 58 PAGES
- ----------------------- ---------------------
in the United Kingdom of Great Britain and Northern Ireland at the
following address:
35 Lyall Mews
London SW1X 8DJ
England
Herbert Lee Oakes, Jr. is a director of Oakes, Fitzwilliams & Co. Limited,
Oaktree Productions N.V., Purbrook Corporation and Oakes, Fitzwilliams &
Co. S.A.
During the last five years, Herbert Lee Oakes, Jr. has not been convicted
in any criminal proceeding. During the past five years, Herbert Lee Oakes,
Jr. has not been a party to any civil proceeding of a judicial or
administrative body of competent jurisdiction, the result of which was or
is 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Except as described below, during the period from September 30, 1994 to
February 29, 1996, the aggregate amount of funds used by Oakes, Fitz-
williams & Co. Limited to purchase securities of the Issuer was
$27,522,234.03, and all such securities were purchased using funds from
working capital and proceeds of the sale of securities of the Issuer.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No.
-------------------------------------------------------------------
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 20 OF 58 PAGES
- ----------------------- ---------------------
Two
---
During the period from September 30, 1994 to February 29, 1996, the amount
of funds used by Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two to acquire securities of the Issuer was $302,624.50, and all
such securities were purchased using funds from working capital and
proceeds of the sale of securities of the Issuer.
(c) Oaktree Productions N.V.
------------------------
During the period from September 30, 1994 to February 29, 1996, the amount
of funds used by Oaktree Productions N.V. to acquire securities of the
Issuer was $0.00.
(d) Purbrook Corporation
--------------------
During the period from September 30, 1994 to February 29, 1996, the amount
of funds used by Purbrook Corporation to acquire securities of the Issuer
was $1,619,478.50, and all such securities were purchased using funds from
working capital and proceeds of the sale of securities of the Issuer.
(e) Oakes, Fitzwilliams & Co. S.A.
------------------------------
During the period from September 30, 1994 to February 29, 1996, the amount
of funds used by Oakes, Fitzwilliams & Co. S.A. to acquire securities of
the Issuer was $2,090,886.88, and all such securities were purchased using
funds from working capital and proceeds of the sale of securities of the
Issuer.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 21 OF 58 PAGES
- ----------------------- ---------------------
(f) Oakes, Fitzwilliams & Co., L.P.
-------------------------------
During the period from September 30, 1994 to February 29, 1996, the amount
of funds used by Oakes, Fitzwilliams & Co., L.P. to acquire securities of
the Issuer was $153,000.00, and all such securities were purchased using
funds from working capital.
(g) Herbert Lee Oakes, Jr.
----------------------
During the period from September 30, 1994 to February 29, 1996, Herbert Lee
Oakes, Jr. did not purchase any securities of the Issuer.
ITEM 4. PURPOSE OF TRANSACTION
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Oakes, Fitzwilliams & Co. Limited acquired the securities of the Issuer in
connection with its market-making activities outside the U.S. Such
securities were not acquired for the purpose of, and do not have the effect
of, changing the control of the Issuer and were not acquired in connection
with, or as a participant in, any transaction having such purpose or
effect.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two
-----------------------------------------------------------------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two
acquired the securities of the Issuer for investment. Such securities were
not acquired for the purpose of, and do not have the effect of, changing
the control of the Issuer and were not acquired in connection with, or as a
participant in, any transaction having such purpose or effect.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 22 OF 58 PAGES
- ----------------------- ---------------------
(c) Oaktree Productions N.V.
------------------------
Oaktree Productions N.V. acquired the securities of the Issuer for
investment. Such securities were not acquired for the purpose of, and do
not have the effect of, changing the control of the Issuer and were not
acquired in connection with, or as a participant in, any transaction having
such purpose or effect.
(d) Purbrook Corporation
--------------------
Purbrook Corporation acquired the securities of the Issuer for investment.
Such securities were not acquired for the purposes of, and do not have the
effect of, changing the control of the Issuer and were not acquired in
connection with, or as a participant in, any transaction having such
purpose or effect.
(e) Oakes, Fitzwilliams & Co. S.A.
------------------------------
Oakes, Fitzwilliams & Co. S.A. acquired the securities of the Issuer in
connection with its market-making activities outside the U.S. Such
securities were not acquired for the purposes of, and do not have the
effect of, changing the control of the Issuer and were not acquired in
connection with, or as a participant in, any transaction having such
purpose or effect.
(f) Oakes, Fitzwilliams & Co., L.P.
-------------------------------
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 23 OF 58 PAGES
- ----------------------- ---------------------
Oakes, Fitzwilliams & Co., L.P. acquired the securities of the Issuer in
connection with its market-making activities outside the U.S. Such
securities were not acquired for the purposes of, and do not have the
effect of, changing the control of the Issuer and were not acquired in
connection with, or as a participant in, any transaction having such
purpose or effect.
(g) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. did not acquire any securities of the Issuer during
the period from September 30, 1994 to February 29, 1996.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
For purposes of the disclosure in this Item 5, the following abbreviations
are used in Schedule 1 attached hereto and incorporated herein:
OFCO - Oakes, Fitzwilliams & Co. Limited
OFSA - Oakes, Fitzwilliams & Co. S.A.
PURB - Purbrook Corporation
OFCP - Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two
OFLP - Oakes, Fitzwilliams & Co., L.P.
OAKT - Oaktree Productions N.V.
A list of the transaction in shares in common stock of the Issuer and
warrants to purchase shares of common stock of the Issuer during the period
from September 30, 1994 to February 29, 1996 is set out on
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 24 OF 58 PAGES
- ----------------------- ---------------------
Schedule 1 attached hereto and incorporated herein.
Transactions on Schedule 1 numbered 314, 315, 319, 320, 346, 347, 445, 446,
483, 484, 518, 523, 570-575, 582, 583, 601-604, 662 and 663 were exercises
of warrants to purchase shares of the Common Stock of the Issuer.
Transactions on Schedule 1 numbered 6, 8, 18-23, 25-28, 30, 39, 41, 43-46,
48, 49, 51-53, 64, 65, 67, 68, 70, 74, 75, 82, 86, 87, 90, 93-95, 99-103,
106-110, 113, 114, 123-127, 130, 135, 138, 141, 144, 147-151, 153-157, 160,
161, 164-167, 172, 175, 177, 180, 181, 186, 190-192, 194, 195, 199, 203,
204 206, 207, 211-214, 216, 222, 223, 226, 227, 229, 232, 233, 238, 241,
243, 252, 256, 259, 260, 262-266, 268-270, 272, 275-278, 289-296, 301, 302,
318, 321, 322, 327, 328, 334-336, 339, 341, 342, 348, 349, 353, 354, 363,
364, 368, 381, 382, 385, 391, 396, 397, 404, 405, 407, 409-411, 416, 417,
419, 421, 424, 425, 431, 433, 441-443, 447, 450, 452, 454, 456, 459, 461,
463, 465-467, 469, 470, 472, 473, 476, 478, 479, 485-487, 494-496, 499,
501, 504, 505, 507-510, 512-514, 516, 517, 521, 522, 525, 526, 528, 530-
533, 535, 537-542, 545-548, 550, 552, 553, 556, 564-567, 569, 577-579, 581,
587-589, 591, 592, 594, 595, 597, 598, 609, 611, 622, 638, 639, 646, 648-
650, 654, 657-660, 664, 666, 667, 669-674, 677, 679 and 681 were
transactions with market makers in the United States. Transactions on
Schedule 1 numbered 189, 221 and 239 were broker-dealer transactions in the
United States. Transactions numbered 616-621 were warrants to purchase
shares of the Common Stock of the Issuer issued in replacement of and in
conjunction with the exercise of certain unit warrants of the Issuer, each
unit comprising one share of the Common Stock of the Issuer and one warrant
to subscribe for one additional share of the Common Stock of the Issuer.
All other transactions on Schedule 1 were private transactions outside the
United States.
A summary of the positions of each of the reporting persons is set out below.
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
On September 29, 1994, the aggregate number of shares of the Common
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 25 OF 58 PAGES
- ----------------------- ---------------------
Stock of the Issuer owned by Oakes, Fitzwilliams & Co. Limited was 84,300
shares (0.4%).
On September 29, 1994, Oakes, Fitzwilliams & Co. Limited held warrants to
purchase 657,136 shares (4.2%) of the Common Stock of the Issuer.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 26 OF 58 PAGES
- ----------------------- ---------------------
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams & Co. Limited was short 3,000
shares of the Common Stock of the Issuer.
On February 29, 1996, Oakes, Fitzwilliams & Co. Limited held warrants to
purchase a total of 117,000 shares (4.7%) of the Common Stock of the
Issuer.
On February 29, 1996, Oakes, Fitzwilliams & Co. Limited:
(i) had sole power to vote and sole power to dispose of nil shares of the
Common Stock of the Issuer;
(ii) had sole power to dispose of warrants to purchase 117,000 shares
(0.5%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to vote
and sole power to dispose of a net 114,000 shares (0.4%) of the Common
Stock of the Issuer.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two
-----------------------------------------------------------------------
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer owned by Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two was 25,000 shares (0.1%).
On September 29, 1994, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two held warrants to purchase a total of 25,000
shares (0.1%) of the Common Stock of the Issuer.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 27 OF 58 PAGES
- ----------------------- ---------------------
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two was 25,000 shares (0.1%)
On February 29, 1996, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two held warrants to purchase a total of 75,000
shares (0.3%) of the Common Stock of the Issuer.
On February 29, 1996, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two:
(i) had sole power to vote and sole power to dispose of 25,000 shares
(0.1%) of the Common Stock of the Issuer;
(ii) had sole power to dispose of warrants to purchase 75,000 shares
(0.3%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full sole power to vote
and sole power to dispose of 100,000 shares (0.4%) of the Common Stock of
the Issuer.
(c) Oaktree Productions N.V.
------------------------
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer owned by Oaktree Productions N.V. was net nil shares (0.0%)
of the Common Stock of the Issuer.
On September 29, 1994, Oaktree Productions N.V. held warrants to purchase a
total of 755,000 shares (4.8%) of the Common Stock of the Issuer.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 28 OF 58 PAGES
- ----------------------- ---------------------
On February 29, 1996, Oaktree Productions N.V. held nil shares of the
Common Stock of the Issuer.
On February 29, 1996, Oaktree Productions N.V. held nil warrants to
purchase shares of the Common Stock of the Issuer.
On February 29, 1996, Oaktree Productions N.V. had sole power to vote and
sole power to vote and dispose of nil shares (0.0%) and nil warrants to
purchase shares of the Common Stock of the Issuer.
(d) Purbrook Corporation
--------------------
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer owned by Purbrook Corporation was nil shares.
On September 29, 1994, Purbrook Corporation held nil warrants to purchase
shares of the Common Stock of the Issuer.
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Purbrook Corporation was 125,956 shares (0.4%) of the
Common Stock of the Issuer.
On February 29, 1996, Purbrook Corporation held warrants to purchase a
total of 680,000 shares (2.4%) of the Common Stock of the Issuer.
On February 29, 1996, Purbrook Corporation:
(i) had sole power to vote and sole power to dispose of 125,956 shares
(0.4%) of the Common Stock of the Issuer;
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 29 OF 58 PAGES
- ----------------------- ---------------------
(ii) had sole power to dispose of warrants to purchase 680,000 shares
(2.4%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to vote
and sole power to dispose of a net 805,956 shares (2.9%) of the Common
Stock of the Issuer.
(e) Oakes, Fitzwilliams & Co. S.A.
------------------------------
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer owned by Oakes, Fitzwilliams & Co. S.A. was nil shares (0.0%)
of the Common Stock of the Issuer.
On September 29, 1994, Oakes, Fitzwilliams & Co. S.A. also held warrants to
purchase nil shares (0.0%) of the Common Stock of the Issuer.
On February 29, 1996, Oakes, Fitzwilliams & Co. S.A. acquired warrants
expiring on February 28, 2001 to purchase 260,000 units at purchase price
of $4.40 per unit, each unit comprising one share of the Common Stock of
the Issuer and one warrant to subscribe for one additional share of the
Common Stock of the Issuer (at an exercise price of $5.00 per share), as
part of its compensation as placement agent in a Regulation S offering.
These warrants are exercisable from February 29, 1996 and are reportable
under Rule 13d-3 as from February 29, 1996.
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams & Co. S.A. was nil shares (0.0%) of
the Common Stock of the Issuer.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 30 OF 58 PAGES
- ----------------------- ---------------------
On February 29, 1996, Oakes, Fitzwilliams & Co. S.A. held warrants to
purchase a total of 662,135 shares (2.4%) of the Common Stock of the
Issuer.
On February 29, 1996, Oakes, Fitzwilliams & Co. S.A.:
(i) had sole power to vote and sole power to dispose of nil shares (0.0%)
of the Common Stock of the Issuer;
(ii) had sole power to dispose of warrants to purchase 662,135 shares
(2.6%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to vote
and sole power to dispose of a net 662,135 shares (2.4%) of the Common
Stock of the Issuer.
(f) Oakes, Fitzwilliams & Co., L.P.
-------------------------------
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer owned by Oakes, Fitzwilliams & Co., L.P. was nil shares
(0.0%) of the Common Stock of the Issuer.
On September 29, 1994, Oakes, Fitzwilliams & Co., L.P. also held nil
warrants to purchase shares of the Common Stock of the Issuer.
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams & Co., L.P. was nil shares of the
Common Stock of the Issuer.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 31 OF 58 PAGES
- ----------------------- ---------------------
On February 29, 1996, Oakes, Fitzwilliams & Co., L.P. held nil warrants to
purchase shares of the Common Stock of the Issuer.
On February 29, 1996, Oakes, Fitzwilliams & Co., L.P. had sole power to
vote and sole power to dispose of nil shares and nil warrants to purchase
shares of the Common Stock of the Issuer.
(g) Herbert Lee Oakes, Jr.
----------------------
On September 29, 1994, Herbert Lee Oakes, Jr. held directly nil shares
(0.0%) of the Common Stock of the Issuer.
On September 29, 1994, Herbert Lee Oakes, Jr. held directly nil warrants to
purchase shares (0.0%) of the Common Stock of the Issuer. During the period
from September 30, 1994 to February 29, 1996, Herbert Lee Oakes, Jr. did
not make any transactions in the securities of the Issuer.
On February 29, 1996, Herbert Lee Oakes, Jr. had sole power to vote and
sole power to dispose of nil shares (0.0%) and nil warrants to purchase
shares of the Common Stock of the Issuer.
(h) As a Group
----------
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer held (i) by the entities described in paragraphs (a) through
(f) above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (f) above, totalled 1,546,436 shares (9.9%), which
number includes the
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 32 OF 58 PAGES
- ----------------------- ---------------------
1,437,136 shares (9.3%) of the Common Stock of the Issuer obtainable upon
the exercise in full of all of the warrants held by Oakes, Fitzwilliams &
Co. Limited, Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two and Oaktree Productions N.V. as described above.
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer (i) held by the entities described in paragraphs (a) through (f)
above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (f) above, totalled net 1,679,091 shares (6.0%),
which number includes the 1,531,135 shares (5.4%) of the Common Stock of
the Issuer obtainable upon the exercise in full of the warrants held by
Oakes, Fitzwilliams & Co. Limited, Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two, Oakes, Fitzwilliams & Co. S.A. and
Purbrook Corporation as described above.
On February 29, 1996, the aggregate number of shares of the Common Stock
and warrants to purchase shares of Common Stock of the Issuer (i) held by
the entities described in paragraphs (a) through (f) above but which
Herbert Lee Oakes, Jr. was deemed to have sole power to vote and sole power
to dispose of within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934 as amended and (ii) held by Herbert Lee Oakes, Jr.
directly as described in paragraph (g) above, was as follows:
(i) sole power to vote and sole power to dispose of a net amount of
147,956 shares (0.5%) of the Common Stock of the Issuer;
(ii) sole power to dispose of warrants to purchase a total of 1,531,135
shares (5.4%) of the Common Stock of the Issuer; and
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 33 OF 58 PAGES
- ----------------------- ---------------------
(iii) upon exercise of all of the warrants in full for a total of 1,531,135
shares (5.4%) of the Common Stock of the Issuer, sole power to vote and
sole power to dispose of 1,679,091 shares (6.0%) of the Common Stock of the
Issuer.
The aggregate numbers of shares of the Common Stock of the Issuer shown in
this Item 5 as held as a group is in all cases the net number resulting
from the addition of the number of shares of the Common Stock of the Issuer
held for investment and the number of shares of the Common Stock of the
Issuer held for market-making purposes by the various entities and
individuals comprising the group.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Herbert Lee Oakes, Jr. is the controlling shareholder of Oakes,
Fitzwilliams & Co. Limited.
Herbert Lee Oakes, Jr. is the sole beneficiary of Oakes, Fitzwilliams
Executive Death Benefit & Retirement Scheme No. Two.
Herbert Lee Oakes, Jr. and Oakes, Fitzwilliams & Co. S.A. are the sole
shareholders of Oakes, Fitzwilliams & Co. Inc., the General Partner of
Oakes, Fitzwilliams & Co., L.P.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Oaktree Productions N.V.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Purbrook Corporation.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 34 OF 58 PAGES
- ----------------------- ---------------------
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Oakes, Fitzwilliams & Co. S.A.
For purposes of Rule 13d-3, Herbert Lee Oakes, Jr. is deemed to be the
beneficial owner of, to have the right to vote or to direct the vote of,
and to have the right to dispose or to direct the disposition of, all of
the securities of the Issuer which are described in Item 5 above and are
owned by Oakes, Fitzwilliams & Co. Limited, Oakes, Fitzwilliams Executive
Death Benefit & Retirement Scheme No. Two, Oaktree Productions N.V., Oakes,
Fitzwilliams & Co., L.P., Purbrook Corporation and Oakes, Fitzwilliams &
Co. S.A.
Herbert Lee Oakes, Jr. disclaims beneficial ownership of all of the
securities of the Issuer reported in this Statement.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
See Exhibit A - Joint Filing Agreement. The original copy of the Joint
Filing Agreement among Oakes, Fitzwilliams & Co. Limited, Oakes,
Fitzwilliams Executive Death Benefit and Retirement Scheme No. Two, Oaktree
Productions N.V., Purbrook Corporation, Oakes, Fitzwilliams & Co. S.A.,
Oakes, Fitzwilliams & Co., L.P. and Herbert L. Oakes, Jr. is attached to
this Statement as Exhibit A.
<PAGE>
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CUSIP NO. 591142104 PAGE 35 OF 58 PAGES
- ----------------------- ---------------------
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.
Dated:______________________ ______________________________
Herbert L. Oakes, Jr.
<PAGE>
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CUSIP NO. 591142104 PAGE 36 OF 58 PAGES
- ----------------------- ---------------------
EXHIBIT A - JOINT FILING AGREEMENT
The undersigned hereby agree that Amendment No. 1 to the Statement on
Schedule 13D with respect to the shares of Common Stock, par value
$0.10 per share, of Metalclad Corporation is, and any further
amendments thereto executed on behalf of each of us by Herbert Lee
Oakes, Jr. shall be, filed on behalf of each of us by Herbert Lee
Oakes, Jr. pursuant to and in accordance with the provisions of Rule
13d-1(f) under the Securities Exchange Act of 1934, as amended.
This Agreement may be executed in separate counterparts by each of
the undersigned, each of which counterparts shall be an original but
all of which, taken together, shall constitute but one and the same
instrument. It shall not be necessary that each of the undersigned
sign any one counterpart.
Dated: February 29, 1996 Oakes, Fitzwilliams & Co. Limited
By:______________________________
Name:____________________________
Title:___________________________
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 37 OF 58 PAGES
- ----------------------- ---------------------
Dated: February 29, 1996 Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two
By:______________________________
Name:____________________________
Title:___________________________
Dated: February 29, 1996 Oaktree Productions N.V.
By:______________________________
Name:____________________________
Title:___________________________
Dated: February 29, 1996 Purbrook Corporation
By:______________________________
Name:____________________________
Title:___________________________
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 38 OF 58 PAGES
- ----------------------- ---------------------
Dated: February 29, 1996 Oakes, Fitzwilliams & Co. S.A.
By:______________________________
Name:____________________________
Title:___________________________
Dated: February 29, 1996 Oakes, Fitzwilliams & Co., L.P.
By: Oakes, Fitzwilliams & Co. Inc.
Its General Partner
By:______________________________
Name:____________________________
Title:___________________________
Dated: February 29, 1996 Herbert Lee Oakes, Jr.
_________________________________
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
NOTE: ALL DATES LISTED IN SCHEDULE 1 ARE DENOTED AS FOLLOWS: DAY - MONTH -
YEAR
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------ --------- ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
1. 08-11-94 OFCO 4000 0 2.9375
2. 08-11-94 OFCO 2500 0 2.875
3. 08-11-94 OFCO 40000 0.3
4. 08-11-94 OFCO 25000 0.25
5. 10/11/94 OFCO 20000 0 3
6. 10/11/94 OFCO 20000 0 3
7. 11/11/94 OFCO 20000 0 3
8. 11/11/94 OFCO 20000 0 3
9. 14/11/94 OFCO 10000 0 3.0625
10. 14/11/94 OFCO 10000 0.25
11. 14/11/94 OFCO 10000 0 3.0625
12. 14/11/94 OFCO 10000 0.25
13. 14/11/94 OFCO 10000 0 3.0625
14. 14/11/94 OFCO 10000 0.25
15. 14/11/94 OFCO 60000 0 3.0625
16. 14/11/94 OFCO 2500 0 3.125
17. 14/11/94 OFCO 2500 0 3.125
18. 14/11/94 OFCO 20000 0 3.0625
19. 14/11/94 OFCO 10000 0 3.125
20. 14/11/94 OFCO 15000 0 3.1875
21. 14/11/94 OFCO 15000 0 3.1875
22. 14/11/94 OFCO 48000 0 3.1914
23. 15/11/94 OFCO 27800 0 3.15
24. 16/11/94 OFCO 0 100000 0.5
25. 16/11/94 OFCO 5000 0 3.375
26. 16/11/94 OFCO 5000 0 3.3125
27. 16/11/94 OFCO 5000 0 3.75
28. 16/11/94 OFCO 10000 0 3.875
29. 16/11/94 OFCO 10000 0 3.875
30. 16/11/94 OFCO 5000 0 3.875
31. 16/11/94 OFCO 0 30000 0.65
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------ ------ ------ ------- -----
<S> <C> <C> <C> <C> <C> <C>
32. 16/11/94 OFCO 25000 0 3.3125
33. 16/11/94 OFCO 25000 0 3.375
34. 17/11/94 OFCO 0 25000 0.75
35. 17/11/94 OFCO 0 2500 0.65
36. 17/11/94 OFCO 0 2500 0.65
37. 18/11/94 OFCO 0 15000 0.5
38. 07/12/94 OFCO 0 12000 0.55
39. 29/12/94 OFCO 5000 0 3.0625
40. 03/01/95 OFCO 6000 0.5
41. 05/01/95 OFCO 5000 0 3.1875
42. 06/01/95 15000 0 3
43. 09/01/95 OFCO OFCO 1500 0 3.25
44. 10/01/95 OFCO 2500 0 3.125
45. 10/01/95 OFCO 11000 0 3
46. 18/01/95 5000 0 2.75
47. 18/01/95 OFCO 2500 0 2.75
48. 26/01/95 OFCO OFCO 10000 0 2.625
49. 06/02/95 OFCO 10000 0 2.8125
50. 08/02/95 10000 0 2.8125
51. 08/02/95 OFCO OFCO 7500 0 2.75
52. 16/02/95 5000 0 2.5
53. 21/02/95 OFCO 5000 0 2.25
54. 21/02/95 OFCO OFCO 5000 0 2.625
55. 22/02/95 OFCP OFCO 0 50000 0.034
56. 22/02/95 OFSA OFCO 0 62836 0.031
57. 22/02/95 OFSA OFCO 0 230000 0.046
58. 22/02/95 OFSA OFCO 0 230000 0
59. 22/02/95 OFSA OFCO 0 84300 0.052
60. 27/02/95 OFSA 10000 0 2
61. 27/02/95 OFCO 600000 0 1.4
62. 27/02/95 OFCO 150000 0 1.4
63. 27/02/95 OFCO 450000 0 1.4
64. 01/03/95 OFCO 5,000 0 2.1875
65. 03/03/95 OFCO 5,000 0 2.25
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------ ------ ------ ------- -----
<S> <C> <C> <C> <C> <C> <C>
66. 07/03/95 OFCO 0 44000 0.4
67. 07/03/95 OFCO 10,000 0 2.125
68. 07/03/95 OFCO 10,000 0 2.25
69. 08/03/95 OFCO 0 12500 0.35
70. 09/03/95 OFCO 15,000 0 2.375
71. 09/03/95 OFCO 7,500 0 2.34
72. 09/03/95 OFCO 7,500 0
73. 10/03/95 OFCO 5,000 0 2.3
74. 10/03/95 OFCO 10,000 0 2.5
75. 10/03/95 OFCO 25,000 0 2.5
76. 10/03/95 OFCO 50,000 0 2.1
77. 10/03/95 OFCO OFCP 25,000 0 2.45
78. 10/03/95 OFCO 25,000 0 2.45
79. 10/03/95 OFCP OFCO 27,222 0 2.25
80. 10/03/95 OFCO 27,222 0 2.25
81. 10/03/95 OFCO 109,444 0 2.19
82. 13/03/95 OFCO 5,000 0 2.375
83. 14/03/95 OFCO 10,000 0 2.25
84. 14/03/95 OFCO 10,227 0 2.2
85. 14/03/95 OFCO 20,454 0 2.18
86. 15/03/95 OFCO 5,000 0 2.25
87. 16/03/95 OFCO 10,000 0 2.125
88. 16/03/95 OFCO 5,000 0 2.0625
89. 16/03/95 OFCO 5,000 0 2.0625
90. 17/03/95 OFCO 10,000 0 2
91. 17/03/95 OFCO 5,000 0 2.125
92. 20/03/95 OFCO 5,000 0 2.0625
93. 20/03/95 OFCO 10,000 0 2.0625
94. 21/03/95 OFCO 8,300 0 2.125
95. 22/03/95 OFCO 10,000 0 2.0625
96. 23/03/95 OFCO 20,000 0 2.0625
97. 23/03/95 OFCO 43,565 0 2.05
98. 23/03/95 OFCO 14,515 0 2.05
99. 24/03/95 OFCO 10,000 0 2.0625
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------ ------ ------ ------- -----
<S> <C> <C> <C> <C> <C> <C>
100. 28/03/95 OFCO 3,000 0 2
101. 29/03/95 OFCO 2,500 0 2
102. 29/03/95 OFCO 500 0 2
103. 30/03/95 OFCO 25,000 0 1.875
104. 31/03/95 OFCO 11,550 0 1.99
105. 31/03/95 OFCO 34,665 0 1.99
106. 03/04/95 OFCO 6,000 0 1.875
107. 04/04/95 OFCO 15,000 0 1.875
108. 05/04/95 OFCO 7,000 0 1.835
109. 06/04/95 OFCO 7,500 0 1.8125
110. 06/04/95 OFCO 2,000 0 1.7725
111. 07/04/95 OFCO 9,375 0 1.82
112. 07/04/95 OFCO 28,125 0 1.82
113. 07/04/95 OFCO 55,000 0 1.8262
114. 07/04/95 OFCO 65,800 0 1.78
115. 07/04/95 OFCO 90,600 0 1.79
116. 07/04/95 OFCO 30,200 0 1.79
117. 10/04/95 OFCO 2,000 0 1.875
118. 10/04/95 OFCO 11,100 0 1.8125
119. 10/04/95 OFCO 9,825 0 1.81
120. 10/04/95 OFCO 3,275 0 1.81
121. 11/04/95 OFCO 5,000 0 1.816
122. 11/04/95 OFCO 15,000 0 1.816
123. 11/04/95 OFCO 7,500 0 1.8125
124. 11/04/95 OFCO 12,500 0 1.835
125. 12/04/95 OFCO 7,000 0 1.8125
126. 12/04/95 OFCO 3,500 0 1.8125
127. 12/04/95 OFCO 2,500 0 1.7725
128. 12/04/95 OFCO 9,800 0 1.786
129. 12/04/95 OFCO 3,200 0 1.786
130. 13/04/95 OFCO 10,000 0 1.75
131. 13/04/95 OFCO 5,000 0 1.75
132. 13/04/95 PURB OAKT 0 755,000 0.05
133. 19/04/95 OFCO 13,369 0 1.7725
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------ ------ ------ ------- -----
<S> <C> <C> <C> <C> <C> <C>
134. 19/04/95 OFCO 6,631 0 1.7725
135. 19/04/95 OFCO 20,000 0 1.7825
136. 21/04/95 OFCO 3,350 0 1.7875
137. 21/04/95 OFCO 1,650 0 1.7875
138. 21/04/95 OFCO 5,000 0 1.8125
139. 25/04/95 OFCO 5,757 0 1.7875
140. 25/04/95 OFCO 3,150 0 1.7875
141. 25/04/95 OFCO 8,907 0 1.8125
142. 26/04/95 OFCO 3,850 0 1.7875
143. 26/04/95 OFCO 1,650 0 1.7875
144. 26/04/95 OFCO 5,500 0 1.8125
145. 01/05/95 OFCO 22,750 0 1.3523
146. 01/05/95 OFCO 9,750 0 1.3523
147. 01/05/95 OFCO 5,000 0 1.5
148. 01/05/95 OFCO 5,000 0 1.5
149. 01/05/95 OFCO 5,000 0 1.4
150. 01/05/95 OFCO 17,500 0 1.273
151. 02/05/95 OFCO 1,300 0 1.28125
152. 02/05/95 OFCO 1,300 0 1.25
153. 02/05/95 OFCO 32,000 0 1.167
154. 03/05/95 OFCO 25,700 0 1.125
155. 03/05/95 OFCO 10,000 0 1.125
156. 03/05/95 OFCO 20,000 0 1.125
157. 03/05/95 OFCO 25,000 0 1.19
158. 03/05/95 OFCO 51,100 0 1.14
159. 03/05/95 OFCO 29,600 0 1.14
160. 04/05/95 OFCO 12,500 0 1.6563
161. 04/05/95 OFCO 46,222 0 1.6012
162. 04/05/95 OFCO 7,500 0 1.54
163. 05/05/95 OFCO 5,000 0 1.54
164. 05/05/95 OFCO 2,000 0 1.5
165. 10/05/95 OFCO 20,000 0 1.5
166. 10/05/95 PURB 138,888 0 1
167. 15/05/95 OFCO 10,000 0 1.46875
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------ ------ ------ ------- -----
<S> <C> <C> <C> <C> <C> 0 <C>
168. 16/05/95 OFCO 53,345 0 1.52
169. 16/05/95 OFCO 22,760 0 1.52
170. 16/05/95 OFCO 7,114 0 1.52
171. 16/05/95 OFCO 1,781 0 1.52
172. 16/05/95 OFCO 50,000 0 1.375
173. 18/05/95 OFCO 10,000 0 1.8125
174. 18/05/95 OFCO 10,000 0 1.8125
175. 22/05/95 OFCO 24,000 0 2.25
176. 22/05/95 OFCO 1,000 0 2.375
177. 22/05/95 OFCO 20,000 0 2.2563
178. 22/05/95 OFCO 25,000 0 2.28
179. 23/05/95 PURB 25,000 0 1.1
180. 24/05/95 OFCO 27,000 0 1.972
181. 25/05/95 OFCO 12,541 0 1.96
182. 26/05/95 OFCO 96,655 0 1.72
183. 26/05/95 OFCO 12,886 0 1.72
184. 01/06/95 OFCO 10,000 0 2.11
185. 01/06/95 OFCO 10,000 0 2
186. 01/06/95 OFCO 15,000 0 1.96
187. 01/06/95 OFCO 20,000 0 2.0625
188. 06/06/95 OFCO 10,000 0 1.8125
189. 06/06/95 OFCO 10,000 0 1.75
190. 07/06/95 OFCO 15,000 0 1.5
191. 07/06/95 OFCO 20,000 0 1.466
192. 08/06/95 OFCO 25,000 0 2
193. 09/06/95 OFCO 2,500 0 2
194. 12/06/95 OFCO 5,000 0 2.335
195. 13/06/95 OFCO 2,500 0 2.2725
196. 14/06/95 OFCO 20,000 0 1.789
197. 14/06/95 OFCO 25,000 0 1.985
198. 14/06/95 OFCO 60,000 0 1.789
199. 16/06/95 OFCO 1,500 0 2.1475
200. 19/06/95 OFCO PURB 138,888 0 2
201. 19/06/95 OFCO 0 10,500 0.15
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
202. 19/06/95 OFCO 10,500 0 1.9375
203. 19/06/95 OFCO 7,500 0 2
204. 19/06/95 OFCO 400 0 2
205. 19/06/95 OFCO 1,500 0 2.1475
206. 20/06/95 OFCO 5,000 0 2
207. 22/06/95 OFCO 8,200 0 2
208. 23/06/95 OFCO 19,500 0 1.9375
209. 23/06/95 OFCO 0 19,500 0.15
210. 26/06/95 OFCO 9,000 0 1.94
211. 26/06/95 OFCO 5,000 0 2
212. 26/06/95 OFCO 4,000 0 1.9075
213. 27/06/95 OFCO 14,000 0 2.0625
214. 28/06/95 OFCO 13,500 0 2.125
215. 28/06/95 OFCO 9,500 0 2.1
216. 29/06/95 OFCO 8,000 0 2.125
217. 30/06/95 OFCO 20,000 0 2.125
218. 03/07/95 OFCO PURB 25,000 0 2
219. 05/07/95 OFCO 10,000 0 2
220. 05/07/95 OFCO 10,000 0 2
221. 05/07/95 OFLP OFCO 50,000 0 2.0625
222. 05/07/95 OFCO 8,000 0 2
223. 06/07/95 OFCO 5,000 0 1.875
224. 06/07/95 OFCO 5,000 0 1.875
225. 07/07/95 OFCO 35,000 0 1.8825
226. 07/07/95 OFCO 25,000 0 1.9125
227. 07/07/95 OFCO 10,000 0 1.845
228. 11/07/95 OFCO 14,500 0 1.8877
229. 11/07/95 OFCO 14,500 0 1.9127
230. 11/07/95 OFCO 0 30,000 0.36
231. 11/07/95 OFCO 0 20,000 0.35
232. 11/07/95 OFCO 2,500 0 2.8125
233. 11/07/95 OFCO 5,000 0 2.75
234. 11/07/95 OFCO 7,500 0 2.755
235. 12/07/95 OFCO 3,219 0 2.7246
</TABLE>
<PAGE>
SCHEDULE 1
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CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
236. 12/07/95 OFCO 2,500 0 2.7246
237. 12/07/95 OFCO 10,000 0 2.7246
238. 12/07/95 OFCO 15,000 0 2.7396
239. 12/07/95 OFCO 5,000 0 2.5625
240. 13/07/95 OFCO 5,000 0 2.6725
241. 13/07/95 OFCO 5,000 0 2.6875
242. 14/07/95 OFCO 5,000 0 2.6725
243. 14/07/95 OFCO 5,000 0 2.6875
244. 17/07/95 OFCO 2,500 0 3.1547
245. 17/07/95 OFCO 1,700 0 3.1547
246. 17/07/95 OFCO 5,000 0 3.1547
247. 17/07/95 OFCO 5,000 0 3.1547
248. 17/07/95 OFCO 2,500 0 3.1547
249. 17/07/95 OFCO 11,740 0 3.1547
250. 17/07/95 OFCO 11,000 0 3.1547
251. 17/07/95 OFCO 15,000 0 3.1547
252. 17/07/95 OFCO 5,000 0 3.25
253. 17/07/95 OFCO 52,500 0 3.1607
254. 17/07/95 OFCO 0 5,000 0.55
255. 17/07/95 OFCO 0 10,000 0.55
256. 18/07/95 OFCO 29,000 0 3.0409
257. 18/07/95 OFCO 10,000 0 3.0259
258. 18/07/95 OFCO 10,000 0 3.0259
259. 19/07/95 OFCO 8,000 0 3
260. 20/07/95 OFCO 13,000 0 2.875
261. 21/07/95 OFCO 25,000 0 2.7827
262. 21/07/95 OFCO 20,000 0 2.75
263. 21/07/95 OFCO 10,000 0 2.875
264. 21/07/95 OFCO 5,500 0 2.9375
265. 21/07/95 OFCO 5,000 0 2.875
266. 21/07/95 OFCO 9,500 0 2.625
267. 24/07/95 OFCO 10,000 0 2.875
268. 24/07/95 OFCO 5,000 0 2.875
269. 24/07/95 OFCO 5,000 0 2.875
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
270. 25/07/95 OFCO 6,000 0 2.75
271. 27/07/95 OFCO 60,949 0 2.625
272. 27/07/95 OFCO 10,000 0 2.8125
273. 27/07/95 OFCO 8,500 0 2.625
274. 27/07/95 OFCO 18,000 0 2.625
275. 28/07/95 OFCO 20,000 0 2.8594
276. 28/07/95 OFCO 20,000 0 2.75
277. 28/07/95 OFCO 10,000 0 2.71875
278. 01/08/95 OFCO 10,000 0 2.875
279. 02/08/95 OFCO 281,000 0 2
280. 02/08/95 OFCO 50,000 0 2
281. 02/08/95 OFCO 70,000 0 2
282. 02/08/95 OFCO 15,000 0 2
283. 02/08/95 OFCO 18,500 0 2
284. 02/08/95 OFCO 10,000 0 2
285. 02/08/95 OFCO 2,500 0 2
286. 02/08/95 OFCO 80,000 0 2
287. 02/08/95 OFCO 11,000 0 2
288. 02/08/95 OFCO 24,000 0 2
289. 03/08/95 OFCO 10,500 0 2.78125
290. 07/08/95 OFCO 7,000 0 2.875
291. 08/08/95 OFCO 20,000 0 2.97
292. 08/08/95 OFCO 10,000 0 3.375
293. 09/08/95 OFCO 25,000 0 3.55
294. 09/08/95 OFCO 22,500 0 3.4931
295. 09/08/95 OFCO 12,000 0 3.5625
296. 09/08/95 OFCO 7,500 0 3.6875
297. 10/08/95 OFCO 0 30,000 0.95
298. 10/08/95 OFCO 0 20,000 0.95
299. 10/08/95 OFCO 0 5,000 0.95
300. 10/08/95 OFCO 0 10,000 0.95
301. 10/08/95 OFCO 9,000 0 3.3747
302. 11/08/95 OFCO 16,000 0 3.52
303. 14/08/95 OFCO 0 10,000 0.95
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------ -----------------------
CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
304. 17/08/95 OFCO 0 30,000 0.95
305. 17/08/95 OFCO 0 20,000 0.95
306. 17/08/95 OFCO 0 5,000 0.95
307. 17/08/95 OFCO 0 10,000 0.95
308. 17/08/95 OFCO 0 10,000 0.95
309. 17/08/95 OFCO 0 30,000 1.65
310. 17/08/95 OFCO 0 20,000 1.65
311. 17/08/95 OFCO 0 5,000 1.65
312. 17/08/95 OFCO 0 10,000 1.65
313. 17/08/95 OFCO 0 10,000 1.65
314. 17/08/95 OFCO 0 75,000 1.51
315. 17/08/95 OFCO 75,000 0 0
316. 17/08/95 OFCO OFCP 6,200 0 3.397
317. 17/08/95 OFCO 20,000 0 3.397
318. 17/08/95 OFCO 26,200 0 3.412
319. 18/08/95 PURB 0 155,000 1.51
320. 18/08/95 PURB 155,000 0 0
321. 18/08/95 OFCO 20,000 0 3.0625
322. 18/08/95 OFCO 23,200 0 3.0342
323. 18/08/95 OFCO OFCP 21,022 0 3.039
324. 18/08/95 OFCO 22,500 0 3
325. 17/08/95 OFCP OFCO 0 50,000 2.3
326. 18/08/95 OFCO PURB 0 50,000 2.3
327. 21/08/95 OFCO 10,000 0 2.875
328. 21/08/95 OFCO 32,500 0 2.8255
329. 21/08/95 OFCO OFCP 5,000 0 2.8256
330. 21/08/95 OFCO 20,000 0 2.8
331. 21/08/95 OFCO PURB 17,500 0 2.8256
332. 22/08/95 OFCO 25,000 0 2.77
333. 22/08/95 OFCO 20,000 0 2.75
334. 22/08/95 OFCO 1,700 0 2.875
335. 22/08/95 OFCO 2,000 0 2.8125
336. 23/08/95 OFCO 10,000 0 2.9375
337. 23/08/95 OFCO 20,000 0 2.8
</TABLE>
<PAGE>
SCHEDULE 1
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CUSIP NO.591142104 PAGE __ OF __ PAGES
- ------------------------ ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
338. 23/08/95 OFCO PURB 20,000 0 2.8
339. 23/08/95 OFCO 5,000 0 2.9375
340. 23/08/95 OFCO 50,000 0 2.85
341. 23/08/95 OFCO 3,000 0 2.875
342. 23/08/95 OFCO 60,100 0 2.8959
343. 23/08/95 OFCO PURB 29,500 0 2.85
344. 24/08/95 OFCO 0 50,000 1.45
345. 24/08/95 OFCO PURB 0 25,000 1.45
346. 24/08/95 OFCO 0 8,500 1.51
347. 24/08/95 OFCO 8,500 0 1.51
348. 24/08/95 OFCO 9,500 0 2.875
349. 24/08/95 OFCO 43,800 0 2.875
350. 25/08/95 OFCO PURB 15,000 0 2.85
351. 25/08/95 OFCO 25,000 0 2.85
352. 25/08/95 OFCO 5,000 0 2.85
353. 25/08/95 OFCO 37,500 0 2.875
354. 28/08/95 OFCO 105,500 0 2.8845
355. 29/08/95 OFCO 20,000 0 2.875
356. 29/08/95 OFCO PURB 73,000 0 2.85
357. 29/08/95 OFCO 45,000 0 2.85
358. 29/08/95 OFCO 38,000 0 2.85
359. 29/08/95 OFCO 10,000 0 2.85
360. 29/08/95 OFCO 6,000 0 3
361. 29/08/95 OFCO 4,850 0 3
362. 29/08/95 OFCO 14,150 0 3
363. 30/08/95 OFCO 10,000 0 3.125
364. 30/08/95 OFCO 97,000 0 3.0435
365. 30/08/95 OFCO 12,200 0 3.0375
366. 30/08/95 OFCO 9,800 0 3.0375
367. 30/08/95 OFCO 29,000 0 3.0375
368. 31/08/95 OFCO 8,000 0 3.125
369. 31/08/95 OFCO 420,000 0 2
370. 31/08/95 OFCO 67,000 0 2
371. 31/08/95 OFCO 100,000 0 2
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
372. 31/08/95 OFCO 15,000 0 2
373. 31/08/95 OFCO 20,000 0 2
374. 31/08/95 OFCO 50,000 0 2
375. 31/08/95 OFCO 25,000 0 2
376. 31/08/95 OFCO 10,000 0 2
377. 31/08/95 OFCO 50,000 0 2
378. 31/08/95 PURB OFCO 83,000 0 2
379. 01/09/95 OFCO 0 25,000 1.5
380. 01/09/95 OFCO 8,000 0 3.0412
381. 01/09/95 OFCO 5,000 0 3.0625
382. 01/09/95 OFCO 13,000 0 3.0481
383. 01/09/95 OFCO 3,000 0 3.0412
384. 01/09/95 OFCO 4,000 0 3.0412
385. 05/09/95 OFCO 10,000 0 3.0625
386. 05/09/95 OFCO 1,000 0 3.0625
387. 05/09/95 OFCO 1,000 0 3.0625
388. 05/09/95 OFCO 3,000 0 3.0625
389. 05/09/95 OFCO 5,000 0 3.0625
390. 06/09/95 OFCO 0 25,000 1.6
391. 06/09/95 OFCO 13,000 0 3.0625
392. 06/09/95 OFCO 4,000 0 3.0475
393. 06/09/95 OFCO 3,000 0 3.0475
394. 06/09/95 OFCO 8,000 0 3.0475
395. 07/09/95 OFCO 0 25,000 1.5
396. 07/09/95 OFCO 17,500 0 3.0696
397. 07/09/95 OFCO 20,000 0 3.0625
398. 07/09/95 OFCO 8,000 0 3.0588
399. 07/09/95 OFCO 3,000 0 3.0588
400. 07/09/95 OFCO 3,000 0 3.0588
401. 07/09/95 OFCO 9,000 0 3.0588
402. 08/09/95 OFCO 6,000 0 3.0625
403. 08/09/95 OFCO 2,500 0 3.0625
404. 08/09/95 OFCO 8,500 0 3.0625
405. 08/09/95 OFCO 2,500 0 3.09375
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
406. 11/09/95 OFCO 4,500 0 2.9375
407. 11/09/95 OFCO 5,100 0 2.9375
408. 11/09/95 OFCO 25,000 0 2.85
409. 11/09/95 OFCO 25,000 0 2.8938
410. 11/09/95 OFCO 20,000 0 2.84
411. 11/09/95 OFCO 5,000 0 2.875
412. 11/09/95 OFCO 25,000 0 2.837
413. 11/09/95 OFCO 17,250 0 2.061
414. 12/09/95 OFCO 2,310 0 2.75
415. 12/09/95 OFCO 7,500 0 2.8625
416. 12/09/95 OFCO 5,700 0 2.9375
417. 12/09/95 OFCO 7,500 0 2.875
418. 13/09/95 OFCO 3,500 0 2.8341
419. 13/09/95 OFCO 14,500 0 2.8491
420. 13/09/95 OFCO 17,500 0 2.8625
421. 13/09/95 OFCO 17,500 0 2.875
422. 13/09/95 OFCO 11,000 0 2.8341
423. 14/09/95 OFCO 20,500 0 3.016
424. 14/09/95 OFCO 10,000 0 3
425. 14/09/95 OFCO 20,500 0 3.0389
426. 14/09/95 OFCO 10,500 0 3.016
427. 15/09/95 OFCO 6,000 0 3.003
428. 15/09/95 OFCO 5,000 0 3.003
429. 15/09/95 OFCO 14,000 0 3.003
430. 15/09/95 OFCO 17,000 0 3.003
431. 15/09/95 OFCO 61,000 0 3.0184
432. 19/09/95 OFCO 8,210 0 3
433. 19/09/95 OFCO 31,200 0 3.029
434. 19/09/95 OFCO 5,000 0 3.011
435. 19/09/95 OFCO 3,000 0 3.011
436. 19/09/95 OFCO 12,000 0 3.011
437. 20/09/95 OFCO 800 0 3
438. 20/09/95 OFCO 1,350 0 3
439. 20/09/95 OFCO 2,850 0 3
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
440. 20/09/95 OFCO 32,000 0 3.18375
441. 20/09/95 OFCO 20,000 0 3.085
442. 20/09/95 OFCO 12,000 0 3.375
443. 20/09/95 OFCO 105,300 0 3.2964
444. 20/09/95 OFCO 112,888 0 3.23
445. 21/09/95 PURB 0 525,000 1.51
446. 21/09/95 PURB 525,000 0 1.51
447. 21/09/95 OFCO 10,000 0 3.0625
448. 21/09/95 OFCO 27,000 0 3.24
449. 21/09/95 OFCO PURB 87,000 0 3.24
450. 21/09/95 OFCO 94,500 0 3.2923
451. 22/09/95 OFCO 18,000 0 3.021
452. 22/09/95 OFCO 18,000 0 3.036
453. 22/09/95 OFCO PURB 11,000 0 3.1
454. 22/09/95 OFCO 11,000 0 3.125
455. 25/09/95 OFCO PURB 46,000 0 3.1303
456. 25/09/95 OFCO 45,900 0 3.1503
457. 26/09/95 OFCO 25,000 0 3.0625
458. 26/09/95 OFCO PURB 152,000 0 3.134
459. 26/09/95 OFCO 122,500 0 3.1691
460. 26/09/95 OFCO 5,000 0 3.1875
461. 27/09/95 OFCO 10,000 0 3
462. 27/09/95 OFCO PURB 20,000 0 3.1303
463. 27/09/95 OFCO 29,700 0 3.1503
464. 28/09/95 OFCO PURB 41,000 0 2.9358
465. 28/09/95 OFCO 41,000 0 2.9558
466. 29/09/95 OFCO 36,500 0 3.1164
467. 29/09/95 OFCO 20,000 0 3.125
468. 29/09/95 OFCO PURB 66,000 0 3.1571
469. 29/09/95 OFCO 10,000 0 3.1875
470. 02/10/95 OFCO 33,000 0 3.2311
471. 02/10/95 OFCO PURB 33,000 0 3.211
472. 03/10/95 OFCO 20,000 0 3.0781
473. 03/10/95 OFCO 20,000 0 2.9375
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
474. 03/10/95 OFCO 5,000 0 3.125
475. 04/10/95 OFCO 25,000 0 2.9375
476. 04/10/95 OFCO 19,900 0 2.9906
477. 04/10/95 OFCO PURB 44,900 0 2.9466
478. 05/10/95 OFCO 39,000 0 2.98
479. 05/10/95 OFCO 10,000 0 2.875
480. 05/10/95 OFCO PURB 24,100 0 2.96
481. 05/10/95 OFCP 0 75,000 1.51
482. 05/10/95 OFCP 75,000 0 1.51
483. 05/10/95 OFCO 0 25,000 1.51
484. 05/10/95 OFCO 25,000 0 1.51
485. 06/10/95 OFCO 106,000 0 2.7992
486. 06/10/95 OFCO 4,500 0 2.8125
487. 06/10/95 OFCO 20,500 0 2.75
488. 06/10/95 OFCO 24,998 0 2.779
489. 06/10/95 OFCO 40,000 0 2.779
490. 06/10/95 OFCO 15,000 0 2.779
491. 06/10/95 OFCO 10,000 0 2.779
492. 06/10/95 OFCO 35,000 0 2.779
493. 06/10/95 OFCO 6,000 0 2.779
494. 09/10/95 OFCO 10,000 0 2.75
495. 09/10/95 OFCO 21,000 0 2.5595
496. 09/10/95 OFCO 10,000 0 2.5
497. 09/10/95 OFCO 4,000 0 2.58
498. 09/10/95 OFCO 37,000 0 2.58
499. 10/10/95 OFCO 5,000 0 2.5625
500. 10/10/95 OFCO 5,000 0 2.5525
501. 11/10/95 OFCO 12,500 0 2.8125
502. 11/10/95 OFCO 12,500 0 2.8125
503. 12/10/95 OFCO 25,000 0 3
504. 12/10/95 OFCO 25,000 0 3
505. 12/10/95 OFCO 37,500 0 2.9417
506. 12/10/95 OFCO 37,500 0 2.9417
507. 12/10/95 OFCO 20,000 0 3
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- ---- ------- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
508. 12/10/95 OFCO 25,000 0 3.0625
509. 12/10/95 OFCO 25,000 0 3.125
510. 12/10/95 OFCO 30,000 0 3.145
511. 12/10/95 OFCO OFCP 50,000 0 3.088
512. 13/10/95 OFCO 10,000 0 3.0625
513. 13/10/95 OFCO 9,800 0 3.0354
514. 16/10/95 OFCO 8,000 0 2.9094
515. 17/10/95 OFCO OFSA 62,836 0 2.75
516. 17/10/95 OFCO 2,500 0 2.875
517. 17/10/95 OFCO 10,000 0 2.875
518. 17/10/95 OFSA 0 62,836 1.51
519. 17/10/95 OFSA 62,836 0 1.51
520. 18/10/95 OFCO OFSA 25,000 0 2.875
521. 18/10/95 OFCO 10,000 0 2.8125
522. 18/10/95 OFCO 10,000 0 2.875
523. 18/10/95 OFSA 0 25,000 1.51
524. 18/10/95 OFSA 25,000 0 1.51
525. 19/10/95 OFCO 10,000 0 3
526. 19/10/95 OFCO 12,500 0 3
527. 19/10/95 OFCO 25,000 0 3
528. 20/10/95 OFCO 20,010 0 3
529. 20/10/95 OFCO 5,000 0 3
530. 23/10/95 OFCO 10,000 0 2.9375
531. 24/10/95 OFCO 23,400 0 2.8576
532. 25/10/95 OFCO 10,000 0 2.875
533. 26/10/95 OFCO 3,400 0 2.6875
534. 30/10/95 OFCO 5 0 2.5
535. 01/11/95 OFCO 10,000 0 2.625
536. 02/11/95 OFCO 10,000 0 2.625
537. 06/11/95 OFCO 5,000 0 2.625
538. 07/11/95 OFCO 10,000 0 2.9375
539. 07/11/95 OFCO 10,000 0 2.6875
540. 09/11/95 OFCO 12,500 0 2.6625
541. 14/11/95 OFCO 5,000 0 2.875
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- -------- ------- ------ --------- -------- -------
<S> <C> <C> <C> <C> <C> <C>
542. 14/11/95 OFCO 2,000 0 2.8125
543. 15/11/95 OFCO 0 5,000 1.25
544. 20/11/95 OFCO 30,000 0 2.5
545. 20/11/95 OFCO 12,500 0 2.5188
546. 20/11/95 OFCO 10,000 0 2.3125
547. 21/11/95 OFCO 10,000 0 2.375
548. 21/11/95 OFCO 38,500 0 2.375
549. 21/11/95 OFCO 10,000 0 2.375
550. 21/11/95 OFCO 1,500 0 2.4375
551. 22/11/95 OFCO 6,000 0 2.333
552. 22/11/95 OFCO 20,000 0 2.4063
553. 22/11/95 OFCO 5,000 0 2.4375
554. 22/11/95 OFCO 15,000 0 2.4375
555. 22/11/95 OFCO 15,000 0 2.4375
556. 24/11/95 OFCO 10,000 0 2.75
557. 27/11/95 OFCO 10,000 0 2.75
558. 27/11/95 OFCO 30,000 0 3.33
559. 27/11/95 OFCO 15,000 0 3.25
560. 27/11/95 OFCO 10,000 0 3.1875
561. 27/11/95 OFCO 1,000 0 3.125
562. 27/11/95 OFCO 3,000 0 3.125
563. 27/11/95 OFCO 50,000 0 3.0625
564. 27/11/95 OFCO 77,000 0 3.2418
565. 27/11/95 OFCO 40,000 0 3.3375
566. 27/11/95 OFCO 30,000 0 3.365
567. 27/11/95 OFCO 10,000 0 3.25
568. 28/11/95 OFCO OFSA 84,300 0 3.2
569. 28/11/95 OFCO 73,000 0 3.664
570. 28/11/95 OFSA 0 25,000 1.51
571. 28/11/95 OFSA 25,000 0 1.51
572. 28/11/95 OFSA 0 84,300 1.51
573. 28/11/95 OFSA 84,300 0 1.51
574. 28/11/95 OFCO 0 5,000 1.51
575. 28/11/95 OFCO 5,000 0 1.51
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- -------- ------- ------ --------- -------- -------
<S> <C> <C> <C> <C> <C> <C>
576. 29/11/95 OFCO OFSA 25,000 0 3.4375
577. 29/11/95 OFCO 40,500 0 3.375
578. 30/11/95 OFCO 30,000 0 3.25
579. 30/11/95 OFCO 73,100 0 3.2642
580. 30/11/95 OFCO OFSA 150,000 0 3.25
581. 30/11/95 OFCO 5,000 0 3.75
582. 30/11/95 OFSA 0 150,000 1.51
583. 30/11/95 OFSA 150,000 0 1.51
584. 01/12/95 OFCO 0 55,000 2.875
585. 01/12/95 OFCO 1,000 0 3.75
586. 01/12/95 OFCO 25,000 0 4
587. 01/12/95 OFCO 30,000 0 4
588. 01/12/95 OFCO 15,000 0 4.0625
589. 01/12/95 OFCO 10,000 0 4.25
590. 01/12/95 OFCO 50,000 0 4.1
591. 01/12/95 OFCO 155,000 0 4.2729
592. 01/12/95 OFCO 40,000 0 4.9219
593. 01/12/95 OFCO OFSA 220,000 0 4.25
594. 04/12/95 OFCO 55,000 0 5.33
595. 04/12/95 OFCO 42,800 0 4.8023
596. 04/12/95 OFCO PURB 40,000 0 4.8023
597. 05/12/95 OFCO 10,000 0 4.5
598. 05/12/95 OFCO 50,000 0 4.4075
599. 05/12/95 OFCO PURB 43,000 0 4.4147
600. 05/12/95 OFCO OFSA 18,000 0 4.4147
601. 05/12/95 OFSA 0 310,000 1.51
602. 05/12/95 OFSA 310,000 0 1.51
603. 05/12/95 OFCO 0 55,000 1.51
604. 05/12/95 OFCO 55,000 0 1.51
605. 06/12/95 OFCO 10,000 0 4.6875
606. 06/12/95 OFCO 5,000 0 4.6875
607. 06/12/95 OFCO OFSA 20,000 0 4.625
608. 06/12/95 OFCO 5,000 0 4.6875
609. 06/12/95 OFCO 10,000 0 4.6875
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- -------- ------- ------ --------- -------- -------
<S> <C> <C> <C> <C> <C> <C>
610. 06/12/95 OFCO OFSA 10,095 0 4.6
611. 08/12/95 OFCO 15,000 0 4.7208
612. 08/12/95 OFCO OFSA 15,000 0 4.7208
613. 08/12/95 OFCO 20,000 0 4.625
614. 08/12/95 OFCO OFSA 6,905 0 4.5625
615. 08/12/95 OFCO OFSA 20,000 0 4.625
616. 08/12/95 ** 0 10,000 0
617. 08/12/95 ** 0 35,000 0
618. 08/12/95 OFCO ** 0 108,500 0
619. 08/12/95 OFCP ** 0 75,000 0
620. 08/12/95 PURB ** 0 680,000 0
621. 08/12/95 OFSA ** 0 662,135 0
622. 11/12/95 OFCO 18,500 0 4.6875
623. 11/12/95 OFCO 3,000 0 4.72
624. 11/12/95 OFCO 4,000 0 4.72
625. 11/12/95 OFCO 4,000 0 4.72
626. 11/12/95 OFCO 3,000 0 4.72
627. 11/12/95 OFCO 4,000 0 4.72
628. 11/12/95 OFCO 4,000 0 4.72
629. 11/12/95 OFCO 4,000 0 4.72
630. 11/12/95 OFCO 4,000 0 4.72
631. 11/12/95 OFCO 4,000 0 4.72
632. 11/12/95 OFCO 4,000 0 4.72
633. 11/12/95 OFCO 3,000 0 4.72
634. 11/12/95 OFCO 4,000 0 4.72
635. 11/12/95 OFCO 10,000 0 4.6875
636. 11/12/95 OFCO 5,000 0 4.6875
637. 11/12/95 OFCO 5,000 0 4.6875
638. 12/12/95 OFCO 13,000 0 4.6875
639. 12/12/95 OFCO 30,000 0 5.083
640. 12/12/95 OFCO 30,000 0 5.083
641. 13/12/95 OFCO 6,000 0 4.72
642. 13/12/95 OFCO 4,000 0 4.72
643. 13/12/95 OFCO 3,000 0 4.72
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- -------- ------- ------ --------- -------- -------
<S> <C> <C> <C> <C> <C> <C>
644. 29/12/95 OFCO 15,000 0 3.75
645. 29/12/95 OFCO 5,000 0 3.875
646. 03/01/96 OFCO 10,000 0 4.094
647. 03/01/96 OFCO 405 0 4.875
648. 10/01/96 OFCO 10,000 0 4.688
649. 11/01/96 OFCO 5,000 0 4.625
650. 12/01/96 OFCO 5,000 0 4.594
651. 16/01/96 OFSA 0 600,000 1.600
652. 16/01/96 OFSA 0 600,000 1.800
653. 19/01/96 OFCO 0 37,000 2.750
654. 22/01/96 OFCO 7,000 0 4.375
655. 23/01/96 OFCO 30,000 0 4.448
656. 26/01/96 OFCO 10,000 0 4.375
657. 31/01/96 OFCO 10,000 0 4.469
658. 01/02/96 OFCO 10,000 0 4.625
659. 01/02/96 OFCO 35,000 0 4.653
660. 01/02/96 OFCO 10,000 0 4.813
661. 01/02/96 OFCO 55,000 0 4.667
662. 13/02/96 OFCO 0 37,000 1.510
663. 13/02/96 OFCO 37,000 0 1.510
664. 13/02/96 OFCO 20,000 0 4.875
665. 13/02/96 OFCO 40,000 0 4.813
666. 14/02/96 OFCO 1,500 0 4.750
667. 15/02/96 OFCO 5,000 0 4.600
668. 20/02/96 OFCO 45,000 0 4.375
669. 20/02/96 OFCO 4,500 0 4.438
670. 20/02/96 OFCO 10,000 0 4.438
671. 20/02/96 OFCO 13,800 0 4.451
672. 20/02/96 OFCO 5,000 0 4.469
673. 21/02/96 OFCO 10,000 0 4.500
674. 22/02/96 OFCO 20,200 0 4.531
675. 23/02/96 OFCO 5,000 0 4.875
676. 23/02/96 OFCO 10,000 0 4.880
677. 23/02/96 OFCO 5,000 0 4.906
</TABLE>
<PAGE>
SCHEDULE 1
- ------------------------- ------------------------
CUSIP NO. 5911424104 PAGE __ OF __ PAGES
- ------------------------- ------------------------
<TABLE>
<CAPTION>
GROUP GROUP NUMBER NUMBER
BUYING SELLING OF OF
ITEM DATE MEMBER MEMBER SHARES WARRANTS PRICE
- ---- -------- ------- ------ --------- -------- -------
<S> <C> <C> <C> <C> <C> <C>
678. 26/02/96 OFCO 25,000 0 4.910
679. 26/02/96 OFCO 23,000 0 4.931
680. 27/02/96 OFCO 25,000 0 4.938
681. 27/02/96 OFCO 25,000 0 5.000
682. 29/02/96 OFCO 0 6,000 3.750
683. 29/02/96 OFCO 0 2,500 3.875
684. 29/02/96 OFCO 622,000 622,000 4.000
685. 29/02/96 OFCO 622,000 622,000 4.000
686. 29/02/96 OFCO 1,000,000 0 3.420
687. 29/02/96 OFCO 874,044 0 3.625
688. 29/02/96 PURB OFCO 125,956 0 3.625
689. 29/02/96 OFCO 298,142 0 3.250
690. 29/02/96 OFCO 298,142 0 3.42
691. 05/07/95 OFLP 50,000 0 2.0625
</TABLE>
<PAGE>
CUSIP NO: 591142104
AMENDMENT NO.2 TO THE
STATEMENT ON SCHEDULE 13D
METALCLAD CORPORATION
ITEM 1. SECURITY AND ISSUER
This Statement relates to the Common Stock, par value US$0.10 per share
(the "Common Stock") of Metalclad Corporation (the "Issuer") whose
principal executive offices are located at 3737 Birch Street, Suite 300,
Newport Beach, CA 92660, USA.
ITEM 2. IDENTITY AND BACKGROUND
This Amendment No.2 to Statement on Schedule 13D (the "Amendment") is filed
with respect to an Event on 30th April, 1997, when a calculation error came
to light, amends the Statement on Schedule 13D filed with respect to an
Event on September 29, 1994 and Amendment No.1 filed with respect to an
Event on February 29, 1996 (collectively the "Statement") and is filed by
Herbert Lee Oakes, Jr. who pursuant to 13(d)(3) of the Securities Exchange
Act of 1934, as amended, is deemed to be the ultimate beneficial owner of
all of the Common Stock of the Issuer owned by all of the following persons
who are a group.
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Oakes, Fitzwilliams & Co. Limited is incorporated under the laws of
England. The principal business of Oakes, Fitzwilliams & Co. Limited is to
act as investment advisor and stockbroker. The address of its principal
business and its principal office is:
Byron House
7- 9 St James's Street
London SW1A 1EE
England
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 1 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO. LIMITED
NO S.S. OR I.R.S IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 ENGLAND
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 NONE
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 108,500
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
108,500
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.35%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 2 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS EXECUTIVE DEATH BENEFIT &
RETIREMENT SCHEME NO.2
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 ENGLAND
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 25,000
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 100,000
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
100,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.32%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
EP
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 3 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKTREE PRODUCTIONS N.V.
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 NETHERLANDS
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 NONE
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 NONE
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
NONE
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 4 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PURBROOK CORPORATION
NO S.S. OR I.R.S IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 PANAMA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 NONE
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 680,000
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
680,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.18%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 5 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO. S.A.
NO S.S. OR I.R.S. IDENTIFICATION NUMBER
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
PANAMA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 NONE
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 1,182,135
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,182,135
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 3.79%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 6 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OAKES, FITZWILLIAMS & CO. L.P.
I.R.S IDENTIFICATION NUMBER: 13-3772108
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 NONE
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 NONE
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
NONE
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142104 PAGE 7 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HERBERT LEE OAKES, JR.
S.S. NUMBER:408 709 755
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 UNITED STATES OF AMERICA
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 25,000 OF WHICH 25,000 ARE HELD BY REPORTING
NUMBER OF PERSONS ON PAGES 2 THROUGH 7
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 NONE
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 2,070,635 OF WHICH 2,070,635 ARE HELD BY REPORTING
REPORTING PERSONS ON PAGES 2 THOROUGH 7
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 NONE
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,070,635 OF WHICH 2,070,635 ARE HELD BY REPORTING
PERSONS ON PAGES 2 THROUGH 7
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.64%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
CUSIP NO: 591142104
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co. Limited are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
Director and Secretary 7-9 St James's Street
London SW1 1EE
England
Duncan Fitzwilliams United Kingdom Byron House
Director 7-9 St James's Street
London SW1 1EE
England
Robert Bunker United Kingdom Byron House
Director 7-9 St James's Street
London SW1 1EE
England
Robert Mackenzie United Kingdom Byron House
Director 7-9 St James's Street
London SW1 1EE
England
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co. Limited.
During the last five years, neither Oakes, Fitzwilliams & Co. Limited nor
any of its directors or officers has been convicted in any criminal
proceeding. During the last five years, neither Oakes, Fitzwilliams & Co.
Limited nor any of its directors or officers has been a party to any civil
proceeding of a judicial or administrative body of competent jurisdiction,
the result of which was or is a judgement, 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.
<PAGE>
CUSIP NO: 591142104
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two is
a self administered pension scheme established under and governed by
English law. The sole beneficiary of scheme No. Two is Herbert Lee Oakes,
Jr.
The address of Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two is
c/o Oakes, Fitzwilliams & Co. Limited
Byron House
7- 9 St James's Street
London SW1A 1EE
England
The names, titles, citizenship and business addresses of the trustees of
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two are
set out below:
Name Citizenship Business Address
---- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
7-9 St James's Street
London SW1 1EE
England
Duncan Fitzwilliams United Kingdom Byron House
7-9 St James's Street
London SW1 1EE
England
Scottish Equitable United Kingdom 90 Long Acre
Trustees Ltd London WC2E 9RA
<PAGE>
CUSIP NO: 591142104
There are no other trustees of Oakes, Fitzwilliams Executive Death Benefit
& Retirement Scheme No. Two.
During the last five years, neither Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two nor any of its trustees has been
convicted in any criminal proceeding. During the last five years, neither
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two nor
any of its trustees has been a party to any civil proceeding of a judicial
or administrative body of competent jurisdiction, the result of which was
or is a judgement, 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.
(c) Oaktree Productions N.V.
------------------------
Oaktree Productions N.V. is incorporated under the laws of the Netherlands
Antilles. The principal business of Oaktree Productions N.V. is to act as
a holding and investment company. The address of its principal business
and its principal office is:
De Ruyterkade 62
Willemstad
Curacao
Netherlands Antilles
The names, titles, citizenship and business addresses of the directors and
executive officers of Oaktree Productions N.V. are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
Director 7-9 St James's Street
London SW1 1EE
England
<PAGE>
CUSIP NO: 591142104
Edgar Aronson United States Suite 512
Director 551 Fifth Avenue
New York, NY 10176
United States
Curacao International Netherlands De Ruyterkade 62
Trust Company N.V. Antilles Willemstad
Director Curacao
Netherlands Antilles
There are no other executive officers or directors of Oaktree Productions
N.V.
During the last five years, neither Oaktree Productions N.V. nor any of its
directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Oaktree Productions N.V. nor any of its
directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is a judgement, 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.
(d) Purbrook Corporation
--------------------
Purbrook Corporation is incorporated under the laws of Panama. The
principal business of Purbrook Corporation is to act as an investment
company. The address of its principal business and its principal office
is:
P.O. Box 029
Panama 5
Republic of Panama
<PAGE>
CUSIP NO: 591142104
The names, titles, citizenship and business addresses of the directors and
executive officers of Oaktree Productions N.V. are set out below:
Name & Position Citizenship Business Address
--------------- ----------- ----------------
Herbert Lee Oakes, Jr United States Byron House
Director 7-9 St James's Street
London SW1 1EE
England
C. Edmonds Allen United States Compass International
Director 405 East 54th Street
New York, NY 10022
United States
Edgar Aronson United States Suite 512
Director 551 Fifth Avenue
New York, NY 10176
United States
There are no other executive officers or directors of Purbook Corporation.
During the last five years, neither Purbook Corporation nor any of its
directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Purbook Corporation nor any of its
directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is a judgement, 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.
<PAGE>
CUSIP NO: 591142104
(e) Oakes, Fitzwilliams & Co S.A.
-----------------------------
Oakes, Fitzwilliams & Co S.A. is incorporated under the laws of Panama. The
principal business of Oakes, Fitzwilliams & Co S.A. is investment banking
and stockbroking. The address of its principal business and its principal
office is:
P.O. Box 029
Panama 5
Republic of Panama
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co S.A. are set out below:
<TABLE>
<CAPTION>
Name & Position Citizenship Business Address
--------------- ----------- ----------------
<S> <C> <C>
Herbert Lee Oakes, Jr United States Byron House
Director and President 7-9 St James's Street
London SW1 1EE
England
Herbert Lee Oakes, Sr United States 33 Stonedge Village
Director Lookout Mountain
Tennessee 37350
United States
Edgar Aronson United States Suite 512
Director, Secretary 551 Fifth Avenue
and Treasurer New York, NY 10176
United States
</TABLE>
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co S.A.
<PAGE>
CUSIP NO: 591142104
During the last five years, neither Oakes, Fitzwilliams & Co S.A. nor any
of its directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Oakes, Fitzwilliams & Co S.A. nor any
of its directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is a judgement, 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) Oakes, Fitzwilliams & Co L.P.
-----------------------------
Oakes, Fitzwilliams & Co L.P. is a limited partnership organised under the
laws of Delaware, United States of America. Its General Partner is Oakes,
Fitzwilliams & Co. Inc., which is incorporated under the laws of Delaware,
United States of America. The principal business of Oakes, Fitzwilliams &
Co L.P. is investment banking and stockbroking. The address of its
principal business and its principal office of its General Partner is:
909 Third Avenue
9th Floor
New York, NY 10022
United States
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co. Inc. are set out below:
<TABLE>
<CAPTION>
Name & Position Citizenship Business Address
--------------- ----------- ----------------
<S> <C> <C>
Herbert Lee Oakes, Jr United States Byron House
Director and President 7-9 St James's Street
London SW1 1EE
England
</TABLE>
<PAGE>
CUSIP NO: 591142104
<TABLE>
<S> <C> <C>
James Gellert United States 909 Third Avenue
Director and 9th Floor
Vice President New York, NY 10022
United States
Edgar Aronson United States Suite 512
Director, Secretary 551 Fifth Avenue
and Treasurer New York, NY 10176
United States
</TABLE>
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co L.P.
During the last five years, neither Oakes, Fitzwilliams & Co L.P. nor any
of its directors or officers has been convicted in any criminal proceeding.
During the last five years, neither Oakes, Fitzwilliams & Co L.P. nor any
of its directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is a judgement, 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.
(g) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. is a citizen of the United States of America
resident in the United Kingdom of Great Britain and Northern Ireland at the
following address:
13 Gerald Road
London SW1W 9EH
England
Herbert Lee Oakes, Jr. is a director of Oakes, Fitzwilliams & Co. Limited,
Oaktree Productions N.V., Purbrook Corporation and Oakes, Fitzwilliams &
Co. S.A.
<PAGE>
CUSIP NO: 591142104
During the last five years, Herbert Lee Oakes, Jr. has not been convicted
in any criminal proceeding. During the last five years, Herbert Lee Oakes,
Jr. has not been a party to any civil proceeding of a judicial or
administrative body of competent jurisdiction, the result of which was or
is a judgement, 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.
Item 3. Source and Amount of Funds or Other Consideration
(a) Oakes, Fitzwilliams & Co Limited
--------------------------------
During the period from February 29, 1996 to April 30, 1997, the aggregate
amount of funds used by Oakes, Fitzwilliams & Co Limited to purchase
securities of the Issuer was $5,048,717.66, and all such securities were
purchased using funds from working capital and proceeds of the sale of
securities of the Issuer.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
During the period from February 29, 1996 to April 30, 1997, the amount of
funds used by Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two to acquire securities of the Issuer was $129,760.00, and all
such securities were purchased using funds from working capital and
proceeds of the sale of securities of the Issuer.
(c) Oaktree Productions N.V.
------------------------
During the period from February 29, 1996 to April 30, 1997, Oaktree
Productions N.V. did not purchase any securities of the Issuer.
<PAGE>
CUSIP NO: 591142104
(d) Purbrook Corporation
--------------------
During the period from February 29, 1996 to April 30, 1997, the amount of
funds used by Purbrook Corporation to acquire securities of the Issuer was
$129,760.00, and all such securities were purchased using funds from
working capital and proceeds of the sale of securities of the Issuer.
(e) Oakes, Fitzwilliams & Co S.A.
-----------------------------
During the period from February 29, 1996 to April 30, 1997, Oakes,
Fitzwilliams & Co S.A. did not purchase any securities of the Issuer.
(f) Oakes, Fitzwilliams & Co L.P.
-----------------------------
During the period from February 29, 1996 to April 30, 1997, Oakes,
Fitzwilliams & Co L.P. did not purchase any securities of the Issuer.
(g) Herbert Lee Oakes, Jr.
----------------------
During the period from February 29, 1996 to April 30, 1997, Herbert Lee
Oakes, Jr. did not purchase any securities of the Issuer.
<PAGE>
CUSIP NO: 591142104
ITEM 4. PURPOSE OF TRANSACTION
(a) Oakes, Fitzwilliams & Co Limited
--------------------------------
Oakes, Fitzwilliams & Co Limited acquired the securities of the Issuer in
connection with its market-making activities outside the U.S. Such
securities were not acquired for the purpose of, and do not have the effect
of, changing the control of the Issuer and were not acquired in connection
with, or as a participant in, any transaction having such purpose or
effect.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two
acquired the securities of the Issuer for investment. Such securities were
not acquired for the purpose of, and do not have the effect of, changing
the control of the Issuer and were not acquired in connection with, or as a
participant in, any transaction having such purpose or effect.
(c) Oaktree Productions N.V.
------------------------
Oaktree Productions N.V. did not acquire any securities of the Issuer
during the period from February 29, 1996 to April 30, 1997.
(d) Purbrook Corporation
--------------------
Purbrook Corporation acquired the securities of the Issuer for investment.
Such securities were not acquired for the purpose of, and do not have the
effect of, changing the control of the Issuer and were not acquired in
connection with, or as a participant in, any transaction having such
purpose or effect.
<PAGE>
CUSIP NO: 591142104
(e) Oakes, Fitzwilliams & Co S.A.
-----------------------------
Oakes, Fitzwilliams & Co S.A. acquired the securities of the Issuer for
investment. Such securities were not acquired for the purpose of, and do
not have the effect of, changing the control of the Issuer and were not
acquired in connection with, or as a participant in, any transaction having
such purpose or effect.
(f) Oakes, Fitzwilliams & Co L.P.
-----------------------------
Oakes, Fitzwilliams & Co L.P. did not acquire any securities of the Issuer
during the period from February 29, 1996 to April 30, 1997.
(g) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. did not acquire any securities of the Issuer during
the period from February 29, 1996 to April 30, 1997.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
For the purposes of the disclosure in this Item 5, the following
abbreviations are used in Schedule 1 attached hereto and incorporated
herein:
OFCO - Oakes, Fitzwilliams & Co. Limited
OFSA - Oakes, Fitzwilliams & Co. S.A.
PURB - Purbrook Corporation
OFCP - Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two
<PAGE>
CUSIP NO: 591142104
OAKT - Oaktree Productions N.A.
A list of the transactions in shares in common stock of the Issuer and
warrants to purchase shares of common stock of the Issuer during the period
from February 29, 1996 to April 30, 1997 is set out on Schedule 1 attached
hereto and incorporated herein.
Transactions on Schedule 1 numbered 17, 18, 41, 42, 179 and 180 were
exercises of warrants to purchase shares of the Common Stock of the Issuer.
Transactions on Schedule 1 numbered 1-5, 7-9, 15, 16, 19, 21-25, 27, 28,
32-34, 40, 43-47, 49, 50, 53, 57, 61-63, 66-68, 70, 72, 74-79, 81, 82, 84,
86-89, 92-94, 96-100, 102, 103, 106, 108-116, 120-122, 125-127, 129, 134,
135, 139, 141-153, 155-157, 159-161, 163, 164, 167, 168, 170-175, 177, 178,
181-183, 185, 188-193, 195, 196, 199-206, 208, 210-215, 217-218, 221, 223,
226, 227, 229, 231, 233, 235-257, 260, 262, 264, 265, 268, 270-273, 275,
278-286, 289, 290, 292, 294, 295, 297-300, 302-304, 306, 209-311, 314-318,
320-323, 325, 326, 332, and 333 were transactions with market makers in the
United States. All other transactions on Schedule 1 were private
transactions outside the United States.
A summary of the positions of each of the reporting persons is set out
below.
(a) Oakes, Fitzwilliams & Co Limited
--------------------------------
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams & Co Limited was short 3,000
shares.
On February 29, 1996, Oakes, Fitzwilliams & Co Limited held warrants to
purchase 117,000 shares (0.4%) of the Common Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co Limited did not own any Common
Stock of the Issuer
On April 30, 1997, Oakes, Fitzwilliams & Co Limited held warrants to
purchase 108,500 warrants (0.35%) of the Common Stock of the Issuer.
<PAGE>
CUSIP NO: 591142104
On April 30, 1997, Oakes, Fitzwilliams & Co Limited:
(i) had sole power to vote and sole power to dispose of nil shares
(0.0%) of the Common Stock of the Issuer
(ii) had sole power to dispose of warrants to purchase 108,500 shares
(0.35%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to
vote and sole power to dispose of a net 108,500 shares (0.35%) of the
Common Stock of the Issuer.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement
--------------------------------------------------------
Scheme No. Two
--------------
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two was 25,000 shares (0.1%).
On February 29, 1996, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two held warrants to purchase 75,000 shares (0.3%) of
the Common Stock of the Issuer.
On April 30, 1997, the aggregate number of shares of the Common Stock of
the Issuer owned by Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. Two was 25,000 shares (0.08%).
On April 30, 1997, Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. Two held warrants to purchase 75,000 warrants (0.24%) of the
Common Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co Limited:
(i) had sole power to vote and sole power to dispose of 25,000 shares
(0.08%) of the Common Stock of the Issuer
(ii) had sole power to dispose of warrants to purchase 75,000 shares
(0.24%) of the Common Stock of the Issuer; and
<PAGE>
CUSIP NO: 591142104
(iii) would have, upon exercise of the warrants in full, sole power to
vote and sole power to dispose of a net 100,000 shares (0.32%) of the
Common Stock of the Issuer.
(c) Oaktree Productions N.V.
------------------------
On February 29, 1996, Oaktree Productions N.V. held nil shares of the
Common Stock of the Issuer.
On February 29, 1996, Oaktree Productions N.V. held nil warrants to
purchase shares of the Common Stock of the Issuer.
On April 30, 1997, Oaktree Productions N.V. held nil shares of the Common
Stock of the Issuer.
On April 30, 1997, Oaktree Productions N.V. held nil warrants to purchase
shares of the Common Stock of the Issuer.
On April 30, 1997, Oaktree Productions N.V. had sole power to vote and sole
power to dispose of nil shares and nil warrants to purchase shares (0.0%)
of the Common Stock of the Issuer
(d) Purbrook Corporation
--------------------
On February 29, 1996, the aggregate number of shares of the Common Stock of
the Issuer owned by Purbrook Corporation was 125,956 shares (0.4%).
On February 29, 1996, Purbrook Corporation held warrants to purchase
680,000 shares (2.4%) of the Common Stock of the Issuer.
On April 30, 1997, Purbrook Corporation held nil shares of the Common Stock
of the Issuer.
On April 30, 1997, Purbrook Corporation held warrants to purchase 680,000
warrants (2.18%) of the Common Stock of the Issuer.
<PAGE>
CUSIP NO: 591142104
On April 30, 1997, Purbrook Corporation:
(i) had sole power to vote and sole power to dispose of nil shares
(0.0%) of the Common Stock of the Issuer
(ii) had sole power to dispose of warrants to purchase 680,000 shares
(2.18%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to
vote and sole power to dispose of a net 680,000 shares (2.18%) of the
Common Stock of the Issuer.
(e) Oakes, Fitzwilliams & Co S.A.
-----------------------------
On February 29, 1996, Oakes, Fitzwilliams & Co S.A. held nil shares of the
Common Stock of the Issuer.
On February 29, 1996 Oakes, Fitzwilliams & Co S.A. acquired warrants
expiring on February 28, 2001 to purchase 260,000 units at purchase price
of $4.40 per unit, each unit comprising one share of the Common Stock of
the Issuer and one warrant to subscribe for one additional share of the
Common Stock of the Issuer (at an exercise price of $5.00 per share), as
part of its compensation as placement agrent in a Regulation S offering.
Reference to this warrant was made in Amendment No.1 to the Statement dated
February 29, 1996, but, in error, they were not included in the
calculations.
On February 29, 1996 the correct number of warrants to purchase shares of
the Common Stock of the Issuer was 1,182,135 (3.9%).
On April 30, 1997, Oakes, Fitzwilliams & Co S.A. held nil shares of the
Common Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co S.A. held warrants to purchase
1,182,135 warrants (3.79%) of the Common Stock of the Issuer.
<PAGE>
CUSIP NO: 591142104
On April 30, 1997, Oakes, Fitzwilliams & Co S.A.:
(i) had sole power to vote and sole power to dispose of nil shares
(0.0%) of the Common Stock of the Issuer
(ii) had sole power to dispose of warrants to purchase 1,182,135 shares
(3.79%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, sole power to
vote and sole power to dispose of a net 1,182,135 shares (3.79%) of the
Common Stock of the Issuer.
(f) Oakes, Fitzwilliams & Co L.P.
-----------------------------
On February 29, 1996, Oakes, Fitzwilliams & Co L.P. held nil shares of the
Common Stock of the Issuer.
On February 29, 1996, Oakes, Fitzwilliams & Co L.P. held nil warrants to
purchase shares of the Common Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co L.P. held nil shares of the
Common Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co L.P. held nil warrants to
purchase shares of the Common Stock of the Issuer.
On April 30, 1997, Oakes, Fitzwilliams & Co L.P. had sole power to vote and
sole power to dispose of nil shares and nil warrants to purchase shares
(0.0%) of the Common Stock of the Issuer
(g) Herbert Lee Oakes, Jr.
----------------------
On February 29, 1996, Herbert Lee Oakes, Jr. held directly nil shares
(0.0%) of the Common Stock of the Issuer.
<PAGE>
CUSIP NO: 591142104
On February 29, 1996, Herbert Lee Oakes, Jr. held directly nil warrants to
purchase shares (0.0%) of the Common Stock of the Issuer. During the period
from February 29, 1996, to April 30, 1997, Herbert Lee Oakes, Jr. did not
make any transactions in the securities of the Issuer.
On April 30, 1997, Herbert Lee Oakes, Jr. had sole power to vote and sole
power to dispose of nil shares and nil warrants to purchase shares (0.0%)
of the Common Stock of the Issuer.
(h) As a Group
----------
On February 29, 1996 the aggregate number of shares of the Common Stock of
the Issuer held (i) by the entities described in paragraphs (a) through (f)
above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (g) above, totalled 2,199,091 shares (7.3%), which
number includes the 2,051,135 shares (6.8%) of the Common Stock of the
Issuer obtainable upon the exercise in full of all of the warrants held by
Oakes, Fitzwilliams & Co Limited, Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two, Purbrook Corporation and Oakes,
Fitzwilliams & Co S.A. as described above. This aggregate number of shares
was incorrectly stated on Amendment No.1 dated February 29, 1996 as
1,679,091 shares (6.0%).
On April 30, 1997, the aggregate number of shares of the Common Stock of
the Issuer held (i) by the entities described in paragraphs (a) through (f)
above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (g) above, totalled 2,070,635 shares (6.64%), which
number includes the 2,045,635 shares (6.56%) of the Common Stock of the
Issuer obtainable upon the exercise in full of all of the warrants held by
Oakes, Fitzwilliams & Co Limited, Oakes, Fitzwilliams Executive
<PAGE>
CUSIP NO: 591142104
Death Benefit & Retirement Scheme No. Two, Purbrook Corporation and Oakes,
Fitzwilliams & Co S.A. as described above.
On April 30, 1997, the aggregate number of shares of the Common Stock and
warrants to purchase shares of Common Stock of the Issuer (i) by the
entities described in paragraphs (a) through (f) above but which Herbert
Lee Oakes, Jr. was deemed to have sole power to vote and sole power to
dispose of within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934 as amended and (ii) held by Herbert Lee Oakes, Jr.
directly as described in paragraph (g) above was as follows:
(i) sole power to vote and sole power to dispose of a net amount of
25,000 shares (0.08%) of the Common Stock of the Issuer;
(ii) sole power to dispose of warrants to purchase a total of 2,045,635
shares (6.56%) of the Common Stock of the Issuer; and
(iii) upon exercise of all of the warrants in full for a total of 2,045,635
shares (6.56%) of the Common Stock of the Issuer, sole power to vote and
sole power to dispose of 2,070,635 shares (6.64%) of the Common Stock of
the Issuer.
The aggregate numbers of shares of the Common Stock of the Issuer shown in
this Item 5 as held as a group is in all cases the net number resulting
from the addition of the number of shares of the Common Stock of the Issuer
held for investment and the number of shares of the Common Stock of the
Issuer held for market-making purposes by the various entities and
individual comprising the group.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Herbert Lee Oakes, Jr. is the controlling shareholder of Oakes,
Fitzwilliams & Co. Limited
<PAGE>
CUSIP NO: 591142104
Herbert Lee Oakes, Jr. is the sole beneficiary of Oakes, Fitzwilliams
Executive Death Benefit & Retirement Scheme No. Two.
Herbert Lee Oakes, Jr. and Oakes, Fitzwilliams & Co S.A. are the sole
shareholders of Oakes, Fitzwilliams & Co. Inc., the General Partner of
Oakes, Fitzwilliams & Co., L.P.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Oaktree Productions N.V.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Purbrook Corporation.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Oakes, Fitzwilliams & Co S.A.
For purposes of Rule 13d-3, Herbert Lee Oakes, Jr is deemed to be the
beneficial owner of, to have the right to vote or to direct the vote of,
and to have the right to dispose or to direct the disposition of, all of
the securities of the Issuer which are described in Item 5 above and are
owned by Oakes, Fitzwilliams & Co Limited, Oakes, Fitzwilliams Executive
Death Benefit & Retirement Scheme No. Two, Oaktree Productions N.V., Oakes,
Fitzwilliams & Co., L.P., Purbrook Corporation and Oakes, Fitzwilliams &
Co. S.A.
Herbert Lee Oakes, Jr. disclaims beneficial ownership of all of the
securities of the Issuer reported in this Statement.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
See Exhibit A - Joint Filing Agreement. The original copy of the Joint
Filing Agreement among Oakes, Fitzwilliams & Co Limited, Oakes,
Fitzwilliams Executive Death Benefit & Retirement Scheme No. Two, Oaktree
Productions N.V., Purbrook Corporation, Oakes, Fitzwilliams & Co. S.A.,
Oakes, Fitzwilliams & Co., L.P. and Herbert Lee Oakes, Jr. is attached to
this Statement as Exhibit A.
<PAGE>
CUSIP NO: 591142104
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.
Dated: ............................ ..............................
Herbert Lee Oakes, Jr.
<PAGE>
CUSIP NO: 591142104
EXHIBIT A - JOINT FILING AGREEMENT
The undersigned hereby agree that Amendment No.2 to the Statement on
Schedule 13D with respect to the shares of Common Stock, par value $0.10
per share, of Metalclad Corporation is, and any further amendments thereto
executed on behalf of each of us by Herbert Lee Oakes, Jr. shall be, filed
on behalf of each of us by Herbert Lee Oakes, Jr. pursuant to and in
accordance with the provisions of Rule 13d-1(f) under the Securities
Exchange Act of 1934 as amended.
This Agreement may be executed in separate counterparts by each of the
undersigned, each of which counterparts shall be an original but all of
which, taken together, shall constitute but one and the same instrument. It
shall not be necessary that each of the undersigned sign any one
counterpart.
Dated: May, 1997 Oakes, Fitzwilliams & Co. Limited
By: ............................
Name: ............................
Title: ............................
<PAGE>
CUSIP NO: 591142104
Dated: May, 1997 Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. Two
By: .......................
Name: .......................
Title: ............................
Dated: May, 1997 Oaktree Productions N.V.
By: .......................
Name: .......................
Title: ............................
Dated: May, 1997 Purbrook Corporation
By: .......................
Name: .......................
Title: ............................
<PAGE>
CUSIP NO: 591142104
Dated: May, 1997 Oakes, Fitzwilliams & Co S.A.
By: .......................
Name: .......................
Title: ............................
Dated: May, 1997 Oakes, Fitzwilliams & Co., L.P.
By: Oakes, Fitzwilliams & Co. Inc.
Its General Partner
By: .......................
Name: .......................
Title: ............................
Dated: May, 1997 Herbert Lee Oakes, Jr.
.................................
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
---- ---- ----- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
1 1/3/96 OFCO 5,500 5.625
2 4/3/96 OFCO 5,000 6.188
3 4/3/96 OFCO 5,000 6.375
4 6/3/96 OFCO 3,000 5.750
5 6/3/96 OFCO 10,000 5.625
6 6/3/96 OFCO 3,000 5.750
7 6/3/96 OFCO 3,600 5.625
8 6/3/96 OFCO 12,400 5.625
9 7/3/96 OFCO 10,000 5.975
10 8/3/96 OFCO 8,000 5.700
11 8/3/96 OFCO 3,000 5.700
12 8/3/96 OFCO 4,000 5.700
13 8/3/96 OFCO 4,000 5.700
14 8/3/96 OFCO 50,000 5.700
15 8/3/96 OFCO 5,000 5.750
16 8/3/96 OFCO 10,000 5.875
17 8/3/96 OFCO 8,500 0.000
18 8/3/96 OFCO 8,500 1.510
19 8/3/96 OFCO 14,000 5.817
20 11/3/96 OFCO 25,000 6.000
21 11/3/96 OFCO 19,000 6.125
22 11/3/96 OFCO 15,000 5.646
23 11/3/96 OFCO 5,000 5.375
24 12/3/96 OFCO 8,000 6.063
25 12/3/96 OFCO 5,000 6.188
26 13/3/96 OFCO 1,700 4.625
27 13/3/96 OFCO 6,000 6.224
28 13/3/96 OFCO 30,000 6.137
29 13/3/96 OFCO 17,500 6.117
30 13/3/96 OFCO 17,500 6.117
31 15/3/96 OFCO 4,000 5.563
32 18/3/96 OFCO 2,500 5.390
33 18/3/96 OFCO 3,700 5.688
34 19/3/96 OFCO 50,000 5.190
35 19/3/96 OFCO OFCP 25,000 5.190
36 19/3/96 PURB OFCO 25,000 5.190
37 19/3/96 OFCO PURB 25,000 5.190
38 19/3/96 OFCP OFCO 25,000 5.190
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
---- ---- ---- ------ ------ -------- ------
<S> <C> <C> <C> <C> <C> <C>
39 19/3/96 OFCO PURB 50,000 5.190
40 19/3/96 OFCO 2,000 5.000
41 19/3/96 OFCO 1,700 0.000
42 19/3/96 OFCO 1,700 1.510
43 26/3/96 OFCO 5,500 4.733
44 27/3/96 OFCO 15,000 4.817
45 28/3/96 OFCO 7,000 4.750
46 29/3/96 OFCO 8,000 4.617
47 3/4/96 OFCO 17,500 4.696
48 4/4/96 OFCO 52,500 4.714
49 4/4/96 OFCO 23,000 4.982
50 8/4/96 OFCO 10,000 4.563
51 8/4/96 OFCO 10,000 4.982
52 8/4/96 OFCO 10,000 4.982
53 9/4/96 OFCO 3,000 4.563
54 9/4/96 OFCO 5,000 4.500
55 9/4/96 OFCO 6,000 4.500
56 9/4/96 OFCO 5,000 4.500
57 10/4/96 OFCO 3,000 4.375
58 10/4/96 OFCO 54,000 1.250
59 10/4/96 OFCO 45,000 1.240
60 10/4/96 OFCO 9,000 1.240
61 11/4/96 OFCO 15,000 4.333
62 11/4/96 OFCO 5,000 4.500
63 11/4/96 OFCO 11,500 4.412
64 11/4/96 OFCO 28,500 4.360
65 12/4/96 OFCO 9,000 4.500
66 12/4/96 OFCO 9,000 4.500
67 16/4/96 OFCO 5,000 3.688
68 16/4/96 OFCO 5,000 3.838
69 16/4/96 OFCO 10,000 3.625
70 16/4/96 OFCO 10,000 3.625
71 16/4/96 OFCO 10,000 3.914
72 16/4/96 OFCO 10,000 3.914
73 16/4/96 OFCO 2,500 4.000
74 16/4/96 OFCO 2,500 4.031
75 18/4/96 OFCO 25,000 3.643
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
- ---- ---- ----- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
76 19/4/96 OFCO 1,000 3.938
77 19/4/96 OFCO 24,000 3.875
78 22/4/96 OFCO 15,000 3.958
79 23/4/96 OFCO 5,000 3.813
80 24/4/96 OFCO 12,000 3.688
81 1/5/96 OFCO 10,000 3.563
82 1/5/96 OFCO 20,000 3.539
83 1/5/96 OFCO 30,000 3.560
84 2/5/96 OFCO 3,000 3.563
85 10/5/96 OFCO 5,000 3.500
86 10/5/96 OFCO 5,000 3.500
87 13/5/96 OFCO 50,000 2.981
88 13/5/96 OFCO 15,000 3.000
89 13/5/96 OFCO 10,000 3.000
90 13/5/96 OFCO 10,000 2.981
91 13/5/96 OFCO 50,000 3.000
92 15/5/96 OFCO 5,000 2.875
93 15/5/96 OFCO 5,000 3.000
94 17/5/96 OFCO 25,000 3.500
95 17/5/96 OFCO 10,000 3.438
96 17/5/96 OFCO 10,000 3.438
97 21/5/96 OFCO 5,000 3.438
98 22/5/96 OFCO 5,000 3.375
99 23/5/96 OFCO 9,000 3.153
100 28/5/96 OFCO 5,000 3.250
101 29/5/96 OFCO 21,000 3.200
102 29/5/96 OFCO 18,500 3.218
103 29/5/96 OFCO 2,500 3.219
104 31/5/96 OFCO 5,000 0.500
105 31/5/96 OFCO 5,000 0.550
106 31/5/96 OFCO 20,000 3.163
107 31/5/96 OFCO 5,000 3.000
108 4/6/96 OFCO 21,500 3.367
109 6/6/96 OFCO 5,000 3.563
110 6/6/96 OFCO 10,000 3.688
111 6/6/96 OFCO 2,500 3.750
112 10/6/96 OFCO 4,500 3.340
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
- ---- ---- ----- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
113 11/6/96 OFCO 4,100 3.337
114 11/6/96 OFCO 10,000 3.406
115 11/6/96 OFCO 5,900 3.391
116 11/6/96 OFCO 4,500 3.391
117 11/6/96 OFCO 10,000 3.362
118 12/6/96 OFCO 15,000 3.500
119 12/6/96 OFCO 5,000 3.500
120 12/6/96 OFCO 28,500 3.489
121 12/6/96 OFCO 1,000 3.563
122 12/6/96 OFCO 5,000 3.438
123 11/6/96 OFCO 10,000 0.500
124 11/6/96 OFCO 10,000 0.500
125 14/6/96 OFCO 5,000 3.438
126 14/6/96 OFCO 5,000 3.438
127 14/6/96 OFCO 10,000 3.438
128 14/6/96 OFCO 20,000 3.438
129 18/6/96 OFCO 10,000 3.031
130 18/6/96 OFCO 5,000 3.031
131 18/6/96 OFCO 5,000 3.031
132 18/6/96 OFCO 1,250 3.188
133 18/6/96 OFCO 1,250 3.188
134 18/6/96 OFCO 2,500 3.188
135 19/6/96 OFCO 5,000 2.938
136 19/6/96 OFCO 5,000 2.938
137 25/6/96 OFCO 3,750 3.373
138 25/6/96 OFCO 3,750 3.373
139 25/6/96 OFCO 7,500 3.388
140 25/6/96 OFCO 2,000 3.562
141 25/6/96 OFCO 2,000 3.563
142 2/7/96 OFCO 28,000 3.063
143 2/7/96 OFCO 10,000 3.125
144 2/7/96 OFCO 5,000 3.125
145 2/7/96 OFCO 2,200 3.125
146 3/7/96 OFCO 10,000 3.125
147 8/7/96 OFCO 8,300 3.188
148 9/7/96 OFCO 5,000 3.438
149 15/7/96 OFCO 2,000 2.875
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
- ---- ---- ----- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
150 15/7/96 OFCO 2,000 3.000
151 15/7/96 OFCO 2,000 2.875
152 17/7/96 OFCO 16,200 3.044
153 17/7/96 OFCO 15,000 3.000
154 17/7/96 OFCO 35,000 3.000
155 18/7/96 OFCO 2,500 3.063
156 18/7/96 OFCO 10,000 3.000
157 18/7/96 OFCO 5,000 3.063
158 18/7/96 OFCO 17,500 3.012
159 19/7/96 OFCO 15,000 3.108
160 19/7/96 OFCO 30,000 3.063
161 19/7/96 OFCO 5,000 3.031
162 19/7/96 OFCO 50,000 3.050
163 22/7/96 OFCO 1,000 3.063
164 22/7/96 OFCO 2,500 3.063
165 22/7/96 OFCO 3,500 3.050
166 26/7/96 OFCO 10,000 1.375
167 6/8/96 OFCO 5,000 2.750
168 7/8/96 OFCO 5,000 2.938
169 8/8/96 OFCO 50,000 3.245
170 8/8/96 OFCO 31,000 3.312
171 8/8/96 OFCO 10,000 3.125
172 8/8/96 OFCO 10,000 3.313
173 8/8/96 OFCO 5,000 3.250
174 8/8/96 OFCO 5,000 3.375
175 9/8/96 OFCO 9,900 3.407
176 9/8/96 OFCO 15,000 3.260
177 9/8/96 OFCO 15,000 3.292
178 20/8/96 OFCO 1,000 3.000
179 20/8/96 OFCO 10,000 1.510
180 20/8/96 OFCO 10,000 0.000
181 21/8/96 OFCO 2,000 3.000
182 21/8/96 OFCO 3,000 3.125
183 23/8/96 OFCO 20,000 3.375
184 23/8/96 OFCO 20,000 3.350
185 28/8/96 OFCO 5,000 3.375
186 28/8/96 OFCO 5,000 3.340
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
- ---- ---- ----- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
187 6/9/96 OFCO 2,500 2.875
188 12/9/96 OFCO 5,000 2.781
189 12/9/96 OFCO 7,500 2.667
190 16/9/96 OFCO 5,000 2.438
191 17/9/96 OFCO 5,000 2.281
192 18/9/96 OFCO 3,500 2.375
193 19/9/96 OFCO 5,000 2.625
194 26/9/96 OFCO 10,000 2.500
195 26/9/96 OFCO 10,000 2.500
196 27/9/96 OFCO 9,000 2.375
197 27/9/96 OFCO 4,000 2.375
198 27/9/96 OFCO 7,000 2.375
199 2/10/96 OFCO 2,500 2.188
200 4/10/96 OFCO 2,500 2.688
201 7/10/96 OFCO 4,500 2.625
202 7/10/96 OFCO 2,000 2.813
203 9/10/96 OFCO 2,000 2.453
204 9/10/96 OFCO 1,500 2.250
205 18/10/96 OFCO 6,500 1.856
206 18/10/96 OFCO 5,000 1.875
207 18/10/96 OFCO 10,000 1.884
208 21/10/96 OFCO 10,000 2.106
209 21/10/96 OFCO 10,000 2.090
210 23/10/96 OFCO 2,000 2.000
211 23/10/96 OFCO 3,500 2.063
212 30/10/96 OFCO 3,000 1.875
213 30/10/96 3,000 1.938
214 12/11/96 OFCO 2,000 1.875
215 13/11/96 OFCO 2,000 1.906
216 19/11/96 OFCO 5,000 1.660
217 19/11/96 OFCO 5,000 1.660
218 20/11/96 OFCO 5,000 1.531
219 20/11/96 OFCO 5,000 1.531
220 20/11/96 OFCO 2,000 2.563
221 21/11/96 OFCO 10,000 1.500
222 21/11/96 OFCO 10,000 1.500
223 4/12/96 OFCO 4,000 1.938
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
---- ---- ----- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
224 4/12/96 OFCO 4,000 1.813
225 5/12/96 OFCO 4,000 1.938
226 5/12/96 OFCO 4,000 1.813
227 5/12/96 OFCO 1,000 1.813
228 5/12/96 OFCO 1,000 1.813
229 9/12/96 OFCO 3,000 1.563
230 9/12/96 OFCO 3,000 1.563
231 10/12/96 OFCO 5,000 1.563
232 10/12/96 OFCO 5,000 1.548
233 12/12/96 OFCO 10,000 1.594
234 12/12/96 OFCO 5,000 1.594
235 16/12/96 OFCO 5,000 1.375
236 17/12/96 OFCO 5,000 1.500
237 17/12/96 OFCO 5,000 1.563
238 18/12/96 OFCO 2,500 1.625
239 27/12/96 OFCO 5,000 1.375
240 2/1/97 OFCO 2,500 1.813
241 3/1/97 OFCO 5,000 1.906
242 8/1/97 OFCO 2,500 2.220
243 9/1/97 OFCO 7,500 2.750
244 9/1/97 OFCO 5,000 2.688
245 10/1/97 OFCO 5,000 2.813
246 13/1/97 OFCO 5,000 2.625
247 14/1/97 OFCO 2,500 2.438
248 15/1/97 OFCO 2,500 2.250
249 16/1/97 OFCO 2,500 2.000
250 16/1/97 OFCO 2,500 2.000
251 22/1/97 OFCO 2,500 2.250
252 22/1/97 OFCO 2,500 2.375
253 27/1/97 OFCO 4,500 2.340
254 27/1/97 OFCO 1,000 2.250
255 29/1/97 OFCO 3,500 2.080
256 3/2/97 OFCO 5,000 2.000
257 6/2/97 OFCO 8,300 1.801
258 6/2/97 OFCO 2,500 1.815
259 6/2/97 OFCO 2,500 1.815
260 7/2/97 OFCO 2,500 1.750
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
---- ---- ----- ------ ------ -------- -----
<S> <C> <C> <C> <C> <C> <C>
261 12/2/97 OFCO 14,000 1.625
262 12/2/97 OFCO 14,000 1.625
263 13/2/97 OFCO 6,000 1.629
264 13/2/97 OFCO 10,000 1.625
265 13/2/97 OFCO 1,000 1.688
266 13/2/97 OFCO 2,500 1.629
267 13/2/97 OFCO 2,500 1.629
268 14/2/97 OFCO 10,000 1.594
269 14/2/97 OFCO 10,000 1.579
270 18/2/97 OFCO 5,000 1.563
271 18/2/97 OFCO 5,000 1.531
272 18/2/97 OFCO 3,000 1.625
273 19/2/97 OFCO 5,000 1.563
274 19/2/97 OFCO 5,000 1.547
275 21/2/97 OFCO 25,000 1.481
276 21/2/97 OFCO 9,000 1.481
277 21/2/97 OFCO 20,000 1.481
278 24/2/97 OFCO 10,000 1.500
279 24/2/97 OFCO 10,000 1.500
280 24/2/97 OFCO 5,000 1.438
281 25/2/97 OFCO 1,000 1.438
282 25/2/97 OFCO 15,000 1.438
283 25/2/97 OFCO 16,000 1.438
284 26/2/97 OFCO 17,000 1.279
285 26/2/97 OFCO 20,000 1.250
286 26/2/97 OFCO 10,000 1.250
287 26/2/97 OFCO 35,000 1.246
288 26/2/97 OFCO 12,000 1.246
289 27/2/97 OFCO 5,500 1.438
290 27/2/97 OFCO 5,000 1.375
291 27/2/97 OFCO 10,500 1.400
292 28/2/97 OFCO 5,000 1.375
293 3/3/97 OFCO 25,000 1.320
294 3/3/97 OFCO 20,000 1.344
295 3/3/97 OFCO 15,000 1.313
296 4/3/97 OFCO 37,500 1.480
297 4/3/97 OFCO 20,000 1.469
</TABLE>
<PAGE>
SCHEDULE 1
CUSIP NO: 591142104 PAGE OF PAGES
<TABLE>
<CAPTION>
GROUP GROUP
MEMBER MEMBER NO. OF NO. OF
ITEM DATE BUYER SELLER SHARES WARRANTS PRICE
---- ---- ----- ------ ------ -------- ----
<S> <C> <C> <C> <C> <C> <C>
298 4/3/97 OFCO 10,000 1.500
299 4/3/97 OFCO 7,500 1.500
300 6/3/97 OFCO 500 1.500
301 7/3/97 OFCO PURB 10,300 1.520
302 7/3/97 OFCO 5,000 1.500
303 7/3/97 OFCO 5,000 1.563
304 10/3/97 OFCO 5,000 1.500
305 10/3/97 OFCO PURB 5,000 1.500
306 12/3/97 OFCO 5,000 1.500
307 12/3/97 OFCO PURB 5,000 1.485
308 13/3/97 OFCO PURB 15,000 1.505
309 13/3/97 OFCO 10,000 1.500
310 13/3/97 OFCO 5,000 1.531
311 14/3/97 OFCO 10,500 1.532
312 14/3/97 OFCO PURB 10,500 1.517
313 17/3/97 OFCO PURB 30,156 1.517
314 17/3/97 OFCO 10,000 1.500
315 17/3/97 OFCO 5,156 1.594
316 17/3/97 OFCO 15,000 1.563
317 19/3/97 OFCO 7,500 1.392
318 19/3/97 OFCO 20,000 1.375
319 19/3/97 OFCO 40,000 1.370
320 19/3/97 OFCO 10,000 1.375
321 19/3/97 OFCO 5,000 1.438
322 20/3/97 OFCO 20,000 1.438
323 20/3/97 OFCO 3,000 1.469
324 20/3/97 OFCO 25,500 1.432
325 25/3/97 OFCO 11,000 1.375
326 25/3/97 OFCO 10,000 1.250
327 25/3/97 OFCO 21,000 1.315
328 1/4/97 OFCO 10,000 1.250
329 1/4/97 OFCO 45,000 1.250
330 2/4/97 OFCO 10,000 1.250
331 2/4/97 OFCO 45,000 1.250
332 24/4/97 OFCO 8,000 1.063
333 25/4/97 OFCO 10,000 1.000
334 25/4/97 OFCO 18,000 1.028
</TABLE>
<PAGE>
OMB APPROVAL
---------------------------
OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per response....14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No ______)*
METALCLAD CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.10 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
591142 10 4
----------------------------------------
(CUSIP Number)
Herbert L. Oakes, Jr., Oakes, Fitzwilliams & Co. Limited, Byron House,
7-9 St. James's Street, London SW1A 1EE, England, Telephone (4471) 925-11
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
SEPTEMBER 29, 1994
----------------------------------------
(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 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 the statement [X]. (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>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142 10 4 PAGE 2 OF 24 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oakes, Fitzwilliams & Co. Limited
No I.R.S. identification number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC + 00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
England
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
74,300
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY None
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
74,300
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
731,436
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142 10 4 PAGE 3 OF 24 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. One
No I.R.S. identification number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
England
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
25,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY None
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
25,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
50,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
EP
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142 10 4 PAGE 4 OF 24 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oaktree Productions N.V.
No I.R.S. identification number
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC + 00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Netherlands Antilles
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY None
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
755,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 591142 10 4 PAGE 5 OF 24 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Herbert Lee Oakes, Jr.
S.S. Number ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
See pages 2, 3 and 4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
99,300, all of which are held by reporting persons on
pages 2 through 5
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY None
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
99,300, all of which are held by reporting persons on
pages 2 through 5
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,536,436, all of which are held by reporting persons on
pages 2 through 5
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
9.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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STATEMENT ON SCHEDULE 13D
METALCLAD CORPORATION
ITEM 1. SECURITY AND ISSUER
This Statement relates to the Common Stock, par value US$0.10 per share
(the "Common Stock") of Metalclad Corporation (the "Issuer") whose
principal executive offices are located at 3737 Birch Street, Suite 300,
Newport Beach, California 92660, USA.
ITEM 2. IDENTITY AND BACKGROUND
This Statement on Schedule 13D (the "Statement") is filed with respect to
an Event on September 29, 1994, and is filed by Herbert Lee Oakes, Jr. as
the ultimate beneficial owner of all of the Common Stock of the Issuer
owned by all of the following persons who are a group.
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Oakes, Fitzwilliams & Co. Limited is incorporated under the laws of
England. The principal business of Oakes, Fitzwilliams & Co. Limited is to
act as an investment advisor and stockbroker. The address of its principal
business and its principal office is:
Byron House
7-9 St. James's Street
London SW1A 1EE
England
The names, titles, citizenship and business addresses of the directors and
executive officers of Oakes, Fitzwilliams & Co. Limited are set out below:
<TABLE>
<CAPTION>
Name & Position Citizenship Business Address
- --------------- ----------- ----------------
<S> <C> <C>
Herbert Lee Oakes, Jr. United States Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
</TABLE>
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<TABLE>
<S> <C> <C>
Duncan J.L. Fitzwilliams United Kingdom Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
Robert Bunker United Kingdom Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
Steven Burnham United Kingdom Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
</TABLE>
There are no other executive officers or directors of Oakes, Fitzwilliams &
Co. Limited.
During the last five years, neither Oakes, Fitzwilliams & Co. Limited nor
any of its directors or officers has been convicted in any criminal
proceeding. During the last five years, neither Oakes, Fitzwilliams & Co.
Limited nor any of its directors or officers has been a party to any civil
proceeding of a judicial or administrative body of competent jurisdiction,
the result of which was or is a judgement, 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.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. One
-----------------------------------------------------------------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. One is
a self administered pension scheme established under and governed by
English law. The sole beneficiary of Scheme No. One is Herbert Lee Oakes,
Jr.
The address of Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. One is:
<PAGE>
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CUSIP NO. 591142 10 4 PAGE __ OF __ PAGES
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c/o Oakes, Fitzwilliams & Co. Limited
Byron House
7-9 St. James's Street
London SW1A 1EE
England
The names, citizenship and business addresses of the trustees of Oakes,
Fitzwilliams Executive Death Benefit & Retirement Scheme No. One are set
out below:
<TABLE>
<CAPTION>
Name Citizenship Business Address
- ---- ----------- ----------------
<S> <C> <C>
Herbert Lee Oakes, Jr. United States Byron House
7-9 St. James's Street
London SW1A 1EE
England
Duncan J.L. Fitzwilliams United Kingdom Byron House
7-9 St. James's Street
London SW1A 1EE
England
Richard Kennedy United Kingdom Stuart House
55 Catherine Place
London SW1E 6DY
England
Monica Wilson-Gough United Kingdom Whitestone Farm
East Cornworthy
Totnes
Devon TQ9 7HF
England
</TABLE>
There are no other trustees of Oakes, Fitzwilliams Executive Death Benefit
& Retirement Scheme No. One.
During the last five years, neither Oakes, Fitz-
<PAGE>
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williams Executive Death Benefit & Retirement Scheme No. One nor any of its
trustees has been convicted in any criminal proceeding. During the last
five years, neither Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. One nor any of its trustees has been a party to any
civil proceeding of a judicial or administrative body of competent
jurisdiction, the result of which was or is 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.
(c) Oaktree Productions N.V.
------------------------
Oaktree Productions N.V. is incorporated under the laws of the Netherlands
Antilles. The principal business of Oaktree Productions N.V. is to act as a
holding and investment company. The address of its principal business and
its principal office is:
De Ruyterkade 62
Willemstad
Curacao
Netherlands Antilles
The names, titles, citizenship and business addresses of the directors and
executive officers of Oaktree Productions N.V. are set out below:
<TABLE>
<CAPTION>
Name & Position Citizenship Business Address
- --------------- ----------- ----------------
<S> <C> <C>
Herbert Lee Oakes, Jr. United States Byron House
Director 7-9 St. James's Street
London SW1A 1EE
England
Edgar Aronson United States 770 Lexington Avenue
Director N.Y., N.Y. 10017
United States
</TABLE>
Name & Position Citizenship Business Address
- --------------- ----------- ----------------
<PAGE>
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<TABLE>
<S> <C> <C>
Curacao International Netherlands De Ruyterkade 62
Trust Company N.V. Antilles Willemstad
Director
Curacao
Netherlands
Antilles
</TABLE>
There are no other executive officers or directors of Oaktree Productions
N.V.
During the last five years, neither Oaktree Productions N.V. nor any of its
directors or officers has been convicted in any criminal proceeding. During
the last five years, neither Oaktree Productions N.V. nor any of its
directors or officers has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction, the result of
which was or is 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.
(d) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. is a citizen of the United States of America
resident in the United Kingdom of Great Britain and Northern Ireland at the
following address:
36 Lyall Mews
London SW1X 6DG
England
Herbert Lee Oakes, Jr. is a director of Oakes, Fitzwilliams & Co. Limited
and Oaktree Productions N.V.
<PAGE>
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During the last five years, Herbert Lee Oakes, Jr. has not been convicted
in any criminal proceeding. During the past five years, Herbert Lee Oakes,
Jr. has not been a party to any civil proceeding of a judicial or
administrative body of competent jurisdiction, the result of which was or
is 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Except as described below, during the period from July 31, 1994 to
September 29, 1994, the aggregate amount of funds used by Oakes,
Fitzwilliams & Co. Limited to purchase securities of the Issuer was
$2,067,250, and all such securities were purchased using funds from working
capital and proceeds of the sale of securities of the Issuer.
On September 29, 1994, Oakes, Fitzwilliams & Co. Limited received warrants
to purchase 230,000 Units, each Unit consisting of 1 share of the Common
Stock of the Issuer and 1 warrant to purchase 1 additional share of the
Common Stock of the Issuer ("Units"), as part of its compensation for
services as the placement agent in a Regulation S offering.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. One
-----------------------------------------------------------------------
During the period from July 31, 1994 to September 29, 1994, the amount of
funds used by Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. One to acquire securities of the Issuer was $75,000, and all
such securities were purchased using funds from working capital.
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(c) Oaktree Productions N.V.
------------------------
During the period from July 31, 1994 to September 29, 1994, the amount of
funds used by Oaktree Productions N.V. to acquire securities of the Issuer
was $2,265,000, and all such securities were purchased using funds from
working capital and the proceeds of sales of securities of the Issuer.
(d) Herbert Lee Oakes, Jr.
----------------------
During the period from July 31, 1994 to September 29, 1994, Herbert Lee
Oakes, Jr. did not purchase any securities of the Issuer.
ITEM 4. PURPOSE OF TRANSACTION
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
Oakes, Fitzwilliams & Co. Limited acquired the shares of Common Stock,
warrants and Units of the Issuer for investment or in connection with its
market-making activities outside the U.S. Such securities were not acquired
for the purpose of, and do not have the effect of, changing the control of
the Issuer and were not acquired in connection with, or as a participant
in, any transaction having such purpose or effect.
(b) Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. One
-----------------------------------------------------------------------
Oakes, Fitzwilliams Executive Death Benefit & Retirement Scheme No. One
acquired the shares of Common Stock, warrants and Units of the Issuer for
investment. Such securities were not acquired for the purpose of, and do
not have the effect of, changing the control of the Issuer and were not
acquired in connection with, or as a participant in, any transaction having
such purpose or effect.
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(c) Oaktree Productions N.V.
------------------------
Oaktree Productions N.V. acquired the securities of the Issuer for
investment. Such securities were not acquired for the purpose of, and do
not have the effect of, changing the control of the Issuer and were not
acquired in connection with, or as a participant in, any transaction having
such purpose or effect.
(d) Herbert Lee Oakes, Jr.
----------------------
Herbert Lee Oakes, Jr. did not acquire any securities of the Issuer during
the period from July 31, 1994 to September 29, 1994.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Oakes, Fitzwilliams & Co. Limited
---------------------------------
On July 31, 1994, the aggregate number of shares of the Common Stock of the
Issuer owned by Oakes, Fitzwilliams & Co. Limited was 207,500 shares
(1.7%).
On July 31, 1994, Oakes, Fitzwilliams & Co. Limited also held warrants to
purchase 112,836 shares (0.9%) of the Common Stock of the Issuer.
During the period from July 31, 1994 to September 29, 1994, Oakes,
Fitzwilliams & Co. Limited made the following transactions in the shares of
the Common Stock of the Issuer:
<TABLE>
<CAPTION>
Price
-----
Transaction Date per share Number Description
- ----------- ---- --------- ------ -----------
<S> <C> <C> <C> <C>
Sale 08/01/94 $2.875 7,500 Sale to Market
Maker in U.S.
Sale 08/02/94 $2.875 10,000 Sale to Market
Maker in U.S.
</TABLE>
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<TABLE>
<CAPTION>
Price
-----
Transaction Date per share Number Description
- ----------- ---- --------- ------ -----------
<S> <C> <C> <C> <C>
Sale 08/02/94 $ 2.875 3,000 Sale to Market
Maker in U.S.
Sale 08/02/94 $ 2.75 22,000 Sale to Market
Maker in U.S.
Sale 08/16/94 $2.6875 10,000 Private Sale
Outside U.S.
Sale 08/24/94 $ 2.75 10,000 Sale to Market
Maker in U.S.
Sale 08/25/94 $ 2.75 5,000 Sale to Market
Maker in U.S.
Sale 08/26/94 $ 2.75 2,500 Sale to Market
Maker in U.S.
Sale 09/02/94 $ 2.75 17,500 Sale to Market
Maker in U.S.
Sale 09/02/94 $ 2.75 6,000 Sale to Market
Maker in U.S.
Sale 09/06/94 $ 2.75 5,000 Sale to Market
Maker in U.S.
Sale 09/07/94 $ 2.75 100,000 Sale to Market
Maker in U.S.
Sale 09/08/94 $ 3.25 9,000 Sale to Market
Maker in U.S.
Sale 09/15/94 $3.0288 5,000 Sale to Market
Maker in U.S.
Sale 09/16/94 $ 2.70 55,000 Private Sale
Outside U.S.
Purchase 09/16/94 $ 2.70 55,000 Private Purchase
Outside U.S.
Purchase 09/19/94 $ 2.875 10,000 Private Purchase
Outside U.S.
</TABLE>
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<TABLE>
<CAPTION>
Price
-----
Transaction Date per share Number Description
- ----------- ---- --------- ------ -----------
<S> <C> <C> <C> <C>
Sale 09/19/94 $3.00 5,000 Sale to Market
Maker in U.S.
Sale 09/19/94 $3.00 3,000 Sale to Market
Maker in U.S.
Purchase 09/20/94 $2.70 700,000 Private Purchase
Outside U.S.
Sale 09/20/94 $2.70 500,000 Private Sale
Outside U.S.
Sale 09/20/94 $2.70 35,000 Private Sale
Outside U.S.
Sale 09/20/94 $2.70 165,000 Private Sale
Outside U.S.
Sale 09/22/94 $3.00 7,000 Sale to Market
Maker in U.S.
</TABLE>
During the period from July 31, 1994 to September 29, 1994, Oakes,
Fitzwilliams & Co. Limited did not make any transactions in warrants of the
Issuer.
During the period from July 31, 1994 to September 29, 1994, Oakes,
Fitzwilliams & Co. Limited made the following two transactions in Units of
1 share of Common Stock and 1 warrant to purchase 1 share of the Common
Stock of the Issuer:
(i) on September 29, 1994, Oakes, Fitzwilliams & Co. Limited purchased
83,400 Units at a price of $3.00 per Unit in a private purchase outside the
U.S.; and
(ii) on September 29, 1994, Oakes, Fitzwilliams & Co. Limited acquired
warrants to purchase 230,000 Units as part of its compensation as placement
agent in a Regulation S offering. These warrants are exercisable as from
September 29, 1994 and are reportable under Rule 13d-3 as from September
29, 1994.
<PAGE>
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On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer owned by Oakes, Fitzwilliams & Co. Limited was 74,300 shares
(0.4%) of the Common Stock of the Issuer.
On September 29, 1994, Oakes, Fitzwilliams & Co. Limited held warrants to
purchase a total of 657,136 shares (4.2%) of the Common Stock of the
Issuer.
On September 29, 1994, Oakes, Fitzwilliams & Co. Limited:
(i) had sole power to vote and sole power to dispose of 74,300 shares
(0.4%) of the Common Stock of the Issuer;
(ii) had sole power to dispose of warrants to purchase 657,136 shares
(4.2%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full, purchase of
657,136 shares of the Common Stock of the Issuer, sole power to vote and
sole power to dispose of a net 731,436 shares (4.7%) of the Common Stock of
the Issuer.
The aggregate numbers of shares of the Common Stock of the Issuer shown in
this Item 5 as held by Oakes, Fitzwilliams & Co. Limited is in all cases
the net number resulting from the addition of the number of shares of the
Common Stock of the Issuer held for investment and the number of shares of
the Common Stock of the Issuer held for market-making purposes.
(b) Oakes, Fitzwilliams Executive Death Benefit &
---------------------------------------------
Retirement Scheme No. One
-------------------------
On July 31, 1994, the aggregate number of shares of the Common Stock of the
Issuer owned by Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. One was nil shares (0.0%).
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On July 31, 1994, Oakes, Fitzwilliams Executive Death Benefit & Retirement
Scheme No. One held warrants to purchase a total of nil shares (0.0%) of
the Common Stock of the Issuer.
During the period from July 31, 1994 to September 29, 1994, Oakes,
Fitzwilliams Executive Death Benefit & Retirement Scheme No. One made the
following transaction in Units of 1 share of Common Stock and 1 warrant to
purchase 1 share of the Common Stock of the Issuer:
<TABLE>
<CAPTION>
Price
-----
Transaction Date per Unit Number Description
- ----------- ---- -------- ------ -----------
<S> <C> <C> <C> <C>
Purchase 09/29/94 $3.00 25,000 Private purchase
Outside U.S.
</TABLE>
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer owned by Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. One was 25,000 shares (0.1%).
On September 29, 1994, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. One held warrants to purchase a total of 25,000
shares (0.1%) of the Common Stock of the Issuer.
On September 29, 1994, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. One:
(i) had sole power to vote and sole power to dispose of 25,000 shares
(0.1%) of the Common Stock of the Issuer;
(ii) had sole power to dispose of warrants to purchase 25,000 shares
(0.1%) of the Common Stock of the Issuer; and
(iii) would have, upon exercise of the warrants in full and the purchase
of 25,000 shares of the Common Stock of the Issuer, sole power to vote and
sole power to dispose of 50,000 shares (0.3%) of the Common Stock of the
Issuer.
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(c) Oaktree Productions N.V.
------------------------
On July 31, 1994, the aggregate number of shares of the Common Stock of the
Issuer owned by Oaktree Productions N.V. was nil shares (0.0%).
On July 31, 1994, Oaktree Productions N.V. held warrants to purchase a
total of nil shares (0.0%) of the Common Stock of the Issuer.
During the period from July 31, 1994 to September 29, 1994, Oaktree
Productions N.V. made the following transaction in the shares of the Common
Stock of the Issuer:
<TABLE>
<CAPTION>
Price
-----
Transaction Date per share Number Description
- ----------- ---- --------- ------ -----------
<S> <C> <C> <C> <C>
Sale 09/16/94 $2.70 55,000 Private sale
Outside U.S.
Sale 09/20/94 $2.70 700,000 Private sale
Outside U.S.
</TABLE>
During the period from July 31, 1994 to September 29, 1994, Oaktree
Productions N.V. made the following transaction in the Units of 1 share of
the Common Stock and 1 warrant to purchase 1 additional share of the Common
Stock of the Issuer:
<TABLE>
<CAPTION>
Price
-----
Transaction Date per Unit Number Description
- ----------- ---- -------- ------ -----------
<S> <C> <C> <C> <C>
Purchase 09/29/94 $3.00 755,000 Private purchase
outside the U.S.
</TABLE>
During the period from July 29, 1994 to September 29, 1994, Oaktree
Productions N.V. did not make any transaction in the warrants to purchase
shares of Common Stock of the Issuer.
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On September 29, 1994, Oaktree Productions N.V. held net nil shares (0.0%)
of the Common Stock of the Issuer.
On September 29, 1994, Oaktree Productions N.V. held warrants to purchase
755,000 shares (4.8%) of the Common Stock of the Issuer.
On September 29, 1994, Oakes, Fitzwilliams & Co. (H.K.) Limited:
(i) had sole power to dispose of warrants to purchase 755,000 shares
(4.8%) of the Common Stock of the Issuer; and
(ii) would have, upon exercise of the warrants in full and the purchase of
755,000 shares of the Common Stock of the Issuer, sole power to vote and
sole power to dispose of 755,000 shares (4.8%) of the Common Stock of the
Issuer.
(d) Herbert Lee Oakes, Jr.
----------------------
On July 31, 1994, Herbert Lee Oakes, Jr. held directly nil shares (0.0%) of
the Common Stock of the Issuer.
On July 31, 1994, Herbert Lee Oakes, Jr. held directly nil warrants to
purchase shares (0.0%) of the Common Stock of the Issuer.
During the period from July 31, 1994 to September 11, 1994, Herbert Lee
Oakes, Jr. did not make any transactions in the securities of the Issuer.
On September 29, 1994, Herbert Lee Oakes, Jr. had sole power to vote and
sole power to dispose of nil shares (0.0%) of the Common Stock of the
Issuer.
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(e) As a Group
----------
On July 31, 1994, the aggregate number of shares of the Common Stock of the
Issuer held (i) by the entities described in paragraphs (a) through (c)
above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (d) above, totalled 320,336 shares (2.7%), which
number includes the 112,836 shares (0.9%) of the Common Stock of the Issuer
obtainable upon the exercise in full of all of the warrants held by Oakes,
Fitzwilliams & Co. Limited as described above.
On September 29, 1994, the aggregate number of shares of the Common Stock
of the Issuer (i) held by the entities described in paragraphs (a) through
(c) above but which Herbert Lee Oakes, Jr. was deemed to beneficially own
within the meaning of Section 13(d)(3) of the Securities Exchange Act of
1934 as amended and (ii) held by Herbert Lee Oakes, Jr. directly as
described in paragraph (d) above, totalled 1,536,436 shares (9.9%), which
number includes the 1,437,136 shares (9.3%) of the Common Stock of the
Issuer obtainable upon the exercise in full of the warrants held by Oakes,
Fitzwilliams & Co. Limited, Oakes, Fitzwilliams Executive Death Benefit &
Retirement Scheme No. One, and Oaktree Productions N.V. as described above.
On September 29, 1994, the aggregate number of shares of the Common Stock
and warrants to purchase shares of Common Stock of the Issuer (i) held by
the entities described in paragraphs (a) through (c) above but which
Herbert Lee Oakes, Jr. was deemed to have sole power to vote and sole power
to dispose of within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934 as amended and (ii) held by Herbert Lee Oakes, Jr.
directly as described in paragraph (d) above, was as follows:
(i) sole power to vote and sole power to dispose of a net amount of
99,300 shares (0.6%) of the Common Stock of the Issuer;
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(ii) sole power to dispose of warrants to purchase a total of 1,437,136
shares (9.3%) of the Common Stock of the Issuer; and
(iii) upon exercise of all of the warrants in full for a total of
1,437,136 shares (9.3%) of the Common Stock of the Issuer, sole power to
vote and sole power to dispose of 1,536,436 shares (9.9%) of the Common
Stock of the Issuer.
The aggregate numbers of shares of the Common Stock of the Issuer shown in
this Item 5 as held as a group is in all cases the net number resulting
from the addition of the number of shares of the Common Stock of the Issuer
held for investment and the number of shares of the Common Stock of the
Issuer held for market-making purposes by the various entities and
individuals comprising the group.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Herbert Lee Oakes, Jr. is the controlling shareholder of Oakes,
Fitzwilliams & Co. Limited.
Herbert Lee Oakes, Jr. is the sole beneficiary of Oakes, Fitzwilliams
Executive Death Benefit & Retirement Scheme No. One.
Sheila Oakes, the wife of Herbert Lee Oakes, Jr., is the indirect
controlling shareholder of Oaktree Productions N.V.
For purposes of Rule 13d-3, Herbert Lee Oakes, Jr. is deemed to be the
beneficial owner of, to have the right to vote or to direct the vote of,
and to have the right to dispose or to direct the disposition of, all of
the securities of the Issuer which are described in Item 5 above and are
owned by Oakes, Fitzwilliams & Co. Limited, Oakes, Fitzwilliams
<PAGE>
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Executive Death Benefit & Retirement Scheme No. One, Oakes, Fitzwilliams &
Co. (H.K.) Limited, and Oaktree Productions N.V.
Herbert Lee Oakes, Jr. disclaims beneficial ownership of all of the
securities of the Issuer reported in this Statement.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
See Exhibit A - Joint Filing Agreement. The original copy of the Joint
Filing Agreement among Oakes, Fitzwilliams & Co. Limited, Oakes,
Fitzwilliams Executive Death Benefit and Retirement Scheme No. 1, Oaktree
Productions N.V. and Herbert L. Oakes, Jr. is attached to this Statement as
Exhibit A.
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.
Dated: _______________ ____________________________
Herbert L. Oakes, Jr.
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EXHIBIT A - JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13D dated
September 29, 1994 with respect to the shares of Common Stock, par value
$0.10 per share, of Metalclad Corporation is, and any amendments thereto
executed on behalf of each of us by Herbert Lee Oakes, Jr. shall be, filed
on behalf of each of us by Herbert Lee Oakes, Jr. pursuant to and in
accordance with the provisions of Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended.
This Agreement may be executed in separate counterparts by each of the
undersigned, each of which counterparts shall be an original but all of
which, taken together, shall constitute but one and the same instrument. It
shall not be necessary that each of the undersigned sign any one
counterpart.
Dated:
September 29, 1994 Oakes, Fitzwilliams & Co. Limited
By: ____________________________
Name: _________________________
Title: _________________________
Dated:
September 29, 1994 Oakes, Fitzwilliams Executive Death
Benefit & Retirement Scheme No. One
By: ____________________________
Name: _________________________
Title: _________________________
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Dated:
September 29, 1994 Oaktree Productions N.V.
By: ___________________________
Name: _________________________
Title: _________________________
Dated:
September 29, 1994 Herbert Lee Oakes, Jr.
By: ____________________________
Name: _________________________
Title: _________________________
