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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. 1)*
IMAGING TECHNOLOGIES CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
45244U104
(CUSIP Number)
E.C. Morgan
Morgan Capital Management
One Embarcadero Center, Suite 2830
San Francisco, California 94111
(415) 788-3232
with a copy to:
David A. Hearth, Esq.
Paul, Hastings, Janofsky & Walker LLP
345 California Street
San Francisco, California 94104-2635
(415) 835-1600
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 30, 1998
(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-l(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
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 2 of 17 Pages
- --------------------------------------------------------------------------------
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-l(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. 95244U104 Page 3 of 17 Pages
- --------------------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ellison Christopher Morgan, SSN ###-##-####
Ellison Carl Morgan, SSN ###-##-####
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [ ]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS *
Ellison Carl Morgan: PF
Ellison Christopher Morgan: Investment Partnership Funds
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------- ---------------------------------------------
8 SHARED VOTING POWER
1,110,827
------- ---------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,827
- -------------------------- ------- ---------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,110,827
- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- --------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.51%
- --------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------- ----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 4 of 17 Pages
- --------------------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MCM Partners, L.P.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [ ]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC; BK
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------- ---------------------------------------------
8 SHARED VOTING POWER
112,700
------- ---------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
112,700
- -------------------------- ------- ---------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,700
- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- --------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.76%
- --------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------- ----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 5 of 17 Pages
- --------------------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ellison C Morgan Revocable Trust
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [ ]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS *
PF
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------- ---------------------------------------------
8 SHARED VOTING POWER
232,500
------- ---------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
232,500
- -------------------------- ------- ---------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
232,500
- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- --------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.57%
- --------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------- ----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 6 of 17 Pages
- --------------------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2030 Investors, LLC
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [ ]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS *
WK
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------- ---------------------------------------------
8 SHARED VOTING POWER
51,000
------- ---------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
51,000
- -------------------------- ------- ---------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,000
- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- --------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.34%
- --------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------- ----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 7 of 17 Pages
- --------------------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2030 Investors 401K
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [ ]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS *
BK
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------- -----------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------- ---------------------------------------------
8 SHARED VOTING POWER
32,030
------- ---------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
32,030
- -------------------------- ------- ---------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,030
- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- --------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.22%
- --------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------- ----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 8 of 17 Pages
- --------------------------------------------------------------------------------
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
This statement is the first amendment to a statement on Schedule 13D
filed in respect of the Common Stock of Imaging Technologies Corporation, a
Delaware corporation (the "Company"), formerly named "PCPI Technologies", by a
group currently consisting of Ellison C. Morgan, MCM Partners, L.P. ("MCM
Partners"), Ellison C. Morgan Revocable Trust ("EC Morgan Revocable Trust"),
2030 Investors LLC ("2030 Investors"), 2030 Investors 401K ("2030 Investors
401K") and Ellison Carl Morgan, as trustee (collectively, the "Reporting
Persons").
Item 1. Security and Issuer.
Common Stock, par value $.01 per share
Imaging Technologies Corporation
11031 Via Frontera
San Diego, California 92127
Item 2. Identity and Background.
Name: MCM Partners, L.P.
Place of Organization: California
Principal Business: Investments
Address of Principal
Business and Office: One Embarcadero Center, Suite 2830
San Francisco, CA 94111
Criminal Proceedings: None
Applicable Civil, Judicial,
or Administrative
Proceedings: None
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 9 of 17 Pages
- --------------------------------------------------------------------------------
Name: Ellison C. Morgan Revocable Trust
Business Address: One Sansome Street, Suite 2000
San Francisco, CA 94104
Principal Employment: One Embarcadero Center, Suite 2830
San Francisco, CA 94111
Criminal Proceedings: None
Applicable Civil, Judicial,
or Administrative
Proceedings: None
Citizenship: USA
Name: 2030 Investors, LLC
Place of Organization: Oregon
Principal Business: Investments
Address of Principal
Business and Office: 200 SW Market, Suite 1950,
Portland, Oregon 97201
Criminal Proceedings: None
Applicable Civil, Judicial,
or Administrative
Proceedings: None
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 10 of 17 Pages
- --------------------------------------------------------------------------------
Name: 2030 Investors 401K
Place of Organization: Oregon
Principal Business: Investments
Address of Principal
Business and Office: 200 SW Market Street, Suite 1950
Portland, Oregon 94111
Criminal Proceedings: None
Applicable Civil, Judicial,
or Administrative
Proceedings: None
Ellison C. Morgan and Morgan Capital are the general partners of MCM
Partners, L.P. Ellison C. Morgan is the sole stockholder, director and officer
of Morgan Capital Management.
Ellison Carl Morgan is the sole trustee of the Ellison C. Morgan
Revocable Trust dated 9/9/82 (the "Trust"). The business address of Ellison Carl
Morgan is 200 SW Market Street, Suite 1950, Portland, Oregon 97201. Mr. Morgan's
present principal occupation is President of 2030 Investors LLC, 200 SW Market
Street, Suite 1950, Portland, Oregon 97201. Mr. Morgan has not, during the past
five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws. Mr.
Morgan is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate amount of funds used by MCM Partners, L.P. to purchase
the 112,700 shares of Common Stock owned by it was approximately $482,000. Such
amount was derived from partnership funds and borrowings from the United States
National Bank of Oregon.
The aggregate net amount of funds used by EC Morgan Revocable Trust to
purchase the
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 11 of 17 Pages
- --------------------------------------------------------------------------------
232,500 shares of Common Stock owned by it was approximately $713,919. Such
amount was derived from derived from trust funds contributed by Ellison Carl
Morgan.
The aggregate net amount of funds used by 2030 Investors LLC to
purchase the 51,000 shares of Common Stock owned by it was approximately
$432,099. Such amount was derived from working capital.
The aggregate amount of funds used by 2030 Investors 401K to purchase
the 32,030 shares of Common Stock owned by it was approximately $267,933. Such
amount was derived from working capital.
Item 4. Purpose of Transaction.
The shares originally were purchased by the Reporting Persons for
investment purposes.
Ellison Carl Morgan joined the Schedule 13D group of his son, Ellison
C. Morgan, because Mr. Morgan and his son shared concerns regarding the business
prospects of the Company and they expect to coordinate their actions with
respect to the Company.
The Reporting Persons are reviewing their alternatives and intended to
closely monitor developments relating to and affecting the Company.
Subject to availability at prices deemed favorable, the Reporting
Persons may acquire additional shares of Common Stock from time to time in the
open market, in privately negotiated transactions or otherwise. The Reporting
Persons also may dispose of shares of Common Stock from time to time in the open
market, in privately negotiated transactions or otherwise.
Although the foregoing represents the range of activities presently
contemplated by the Reporting Persons with respect to the Company and the Common
Stock, it should be noted that the possible activities of the Reporting Persons
are subject to change at any time.
Except as set forth above, the Reporting Persons have no present plans
or intentions that relate to or that would result in any of the transactions
described in clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) As of July 20, 1998, the Reporting Persons beneficially owned the following
number of shares of the Company's Common Stock (the approximate percentage of
the shares of Common Stock owned as indicated in parentheses below is based on
14,800,000 shares of Common
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 12 of 17 Pages
- --------------------------------------------------------------------------------
Stock outstanding by the Company.)
(i) Ellison Christopher Morgan and Ellison Carl Morgan owned
1,110,827 shares (7.51%)
(ii) MCM Partners owned 112,700 shares (0.76%).
(iii) EC Morgan Revocable Trust owned 232,500 shares (1.57%).
(iv) 2030 Investors owned 51,000 shares (0.34%)
(v) 2030 Investors 401K owned 32,030 shares (0.22%)
(b) The responses of the Reporting Persons to Items 7 through 11 of the portions
of the cover page of this Amendment No. 1 to the Schedule 13D which relate to
beneficial ownership of shares of the Common Stock are incorporated herein by
reference.
(c) See Schedule A for a listing of transactions in shares of Common Stock or
other securities of the Company by the Reporting Persons. All such transactions
were effected in open market transactions.
(d) (e) Not applicable.
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 13 of 17 Pages
- --------------------------------------------------------------------------------
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
The Reporting Persons have no contracts, arrangements, or
understandings with any persons, or each other, with respect to their Imaging
Technologies securities. As set forth under Item 5, Ellison C.Morgan makes
voting and dispositive decisions for MCM Partners, L.P., M&M Capital, L.D.C.,
and Morgan Capital Management.
Item 7. Matter to be filed as Exhibits
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: July 20, 1998
By: /s/ Ellison Christopher Morgan By: /s/ Ellison Carl Morgan
---------------------------------- -----------------------
Ellison Chrisopher Morgan Ellison Carl Morgan
MCM PARTNERS, L.P.
By: /s/ EC Morgan
----------------------------------------
EC Morgan, General Partner
ELLISON C. MORGAN REVOCABLE TRUST
By: /s/ Ellison C. Morgan
----------------------------------------
Ellison C. Morgan, Trustee
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 95244U104 Page 14 of 17 Pages
- --------------------------------------------------------------------------------
2030 INVESTORS, LLC
By: /s/ Ellison Carl Morgan
----------------------------------------
Ellison Carl Morgan
2030 INVESTORS 401K
By: /s/ Ellison Carl Morgan
----------------------------------------
Ellison Carl Morgan
<PAGE>
<TABLE>
SCHEDULE 13D
- ------------------------------------------------ -------------------------------------- ----------------------------
CUSIP NO. 95244U104 Page 15 of 17 Pages
- ------------------------------------------------ -------------------------------------- ----------------------------
<CAPTION>
SCHEDULE A
TRANSACTIONS IN COMMON STOCK
<S> <C> <C>
- ------------------------------------------------ -------------------------------------- ----------------------------
Party Date Bought (Sold)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 13, 1998 (15,000)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 17, 1998 (3,800)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 19, 1998 (20,000)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 20, 1998 (200)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 20, 1998 (500)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 20, 1998 (800)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 20, 1998 (1,500)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 20, 1998 (2,000)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 23, 1998 (130)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 23, 1998 (22,500)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 23, 1998 (3,500)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 23, 1998 (14,870)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 23, 1998 (21,500)
- ------------------------------------------------ -------------------------------------- ----------------------------
McM Partners February 24, 1998 (6,400)
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust July 3, 1997 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust February 3, 1998 25,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust March 10, 1998 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust March 10, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust March 10, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust March 10, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
<PAGE>
SCHEDULE 13D
- ------------------------------------------------ -------------------------------------- ----------------------------
CUSIP NO. 95244U104 Page 16 of 17 Pages
- ------------------------------------------------ -------------------------------------- ----------------------------
- ------------------------------------------------ -------------------------------------- ----------------------------
Party Date Bought (Sold)
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust April 29, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust April 30, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust April 30, 1998 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 1, 1998 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 18, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 18, 1998 2,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 18, 1998 500
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 19, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 19, 1998 7,500
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 27, 1998 2,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 27, 1998 13,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 27, 1998 15,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust May 29, 1998 3,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 1, 1998 500
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 1, 1998 11,500
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 1, 1998 1,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 2, 1998 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 2, 1998 1,500
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 12, 1998 25,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 17, 1998 7,200
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 17, 1998 2,800
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 17, 1998 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
Ellison C. Morgan Revocable Trust June 18, 1998 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
<PAGE>
SCHEDULE 13D
- ------------------------------------------------ -------------------------------------- ----------------------------
CUSIP NO. 95244U104 Page 17 of 17 Pages
- ------------------------------------------------ -------------------------------------- ----------------------------
- ------------------------------------------------ -------------------------------------- ----------------------------
Party Date Bought (Sold)
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors July 8, 1996 25,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors July 8, 1996 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors July 10, 1996 30,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors July 10, 1996 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors July 10, 1996 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors July 16, 1996 25,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors November 1, 1996 10,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors November 1, 1996 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors November 1, 1996 25,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors January 28, 1997 50,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors January 29, 1997 25,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors January 29, 1997 5,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors January 30, 1997 35,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors March 14, 1997 stock split
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors 401k October 21, 1996 3,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors 401k October 22, 1996 97,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors 401k November 4, 1996 50,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors 401k February 28, 1997 stock split
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors 401k March 3, 1997 stock split
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors 401k December 18, 1997 2,000
- ------------------------------------------------ -------------------------------------- ----------------------------
2030 Investors 401k December 19, 1997 30
- ------------------------------------------------ -------------------------------------- ----------------------------
</TABLE>
