<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
TRM COPY CENTERS CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
8762636105
(CUSIP Number)
With Copies to:
Daniel G. Cohen J. Baur Whittlesey, Esquire
ReadyCash Investment Partners, L.P. Ledgewood Law Firm, P.C.
c/o ReadyCash GP, Inc. 1521 Locust Street - 8th Fl.
1521 Locust Street Philadelphia, PA 19102
Philadelphia, PA 19103 (215) 731-9450
(215) 546-5005
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Various dates as set forth in Item 5(b)
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
[ ]
(Continued on following pages)
Page 1 of 8
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_______________________________________________________________________________
CUSIP No. 8762636105 13D Page 2 of 8
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS;
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ready Cash Investment Partners, L.P. 23-2948913
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
WC
______________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Pennsylvania
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 1,252,541(1)
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 0
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 199,641
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 0
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,252,541(1)
______________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [X]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.2%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
______________________________________________________________________________
(1) Includes: (i) 199,641 shares of Common Stock issuable upon exercise of
warrants held by the Reporting Person and (ii) 1,052,900 shares of Common
Stock as to which the Reporting Person has irrevocable proxies terminating
July 31, 2001 or upon earlier disposition of such shares by the holder.
Excludes: (a) 412,699 shares of Common Stock issuable upon conversion of
Series A Preferred Stock to Common Stock, as the Reporting Person
automatically dissolves and liquidates upon such conversion; (b) 769,839
shares of Common Stock issuable upon conversion of Series A Preferred Stock
held by third parties, as irrevocable proxies with respect thereto terminate
upon conversion of the Series A Preferred Stock.
<PAGE>
_______________________________________________________________________________
CUSIP No. 8762636105 13D Page 3 of 8
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS;
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Arete Foundation 23-6779271
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
WC
______________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Pennsylvania
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 40,940
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 0
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 40,940
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 0
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,940
______________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
______________________________________________________________________________
<PAGE>
_______________________________________________________________________________
CUSIP No. 8762636105 13D Page 4 of 8
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS;
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Edward E. Cohen
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
PF
______________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Pennsylvania
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 43,994
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 1,483,315
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 43,994
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 430,515
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,527,409
______________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.0%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
<PAGE>
_______________________________________________________________________________
CUSIP No. 8762636105 13D Page 5 of 8
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS;
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Daniel G. Cohen
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
PF
______________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Pennsylvania
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 142,572
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 1,442,475
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 142,572
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 389,575
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,585,047
______________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.8%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
______________________________________________________________________________
<PAGE>
Page 6 of 8
Item 1. Security and Issuer
This statement relates to the Common Stock, no par value, of TRM Copy
Centers Corporation (the "Issuer" or "TRM"). The principal executive offices of
the Issuer are located at 5208 NE 122nd Avenue, Portland, Oregon 97230-1074.
Item 2. Identity and Background
No change for ReadyCash Investment Partners, L.P. ("RCIP"). As to
Messrs. Cohen and Cohen and Arete Foundation ("Arete"):
(a) Edward E. Cohen; Daniel G. Cohen; Arete Foundation
(b) 1521 Locust Street, Suite 400, Philadelphia, PA 19102 (business
address for each)
(c) Edward E. Cohen is Chairman and Chief Executive Officer, and Daniel
G. Cohen is President and Chief Operating Officer, of Resource
America, Inc., 1521 Locust Street, Suite 400, Philadelphia, PA
19102. Arete is a charitable trust of which Edward E. Cohen and his
spouse are the sole trustees.
(d) None
(e) None
(f) United States
Item 3. Source and Amount of Funds or Other Consideration
No change as to RCIP. The source of funds for each of Messrs. Cohen and
Cohen was personal funds. The source of funds for Arete was its working capital.
The amount used by Edward E. Cohen was $757,670 (including his allocable share
of funds used to acquire shares as to which he has shared voting and dispositive
power with Daniel G. Cohen). The amount used by Daniel G. Cohen was $1,356,513
(including his allocable share of funds used to acquire shares as to which he
has shared voting and dispositive power with Edward E. Cohen). The amount used
by Arete Foundation was $291,493.
Item 4. Purpose of Transaction
No change.
Item 5. Interest in Securities of the Issuer.
(a) No change as to RCIP. Messrs. Cohen and Cohen, and Arete, disclaim
beneficial ownership of the shares beneficially owned by RCIP and
disclaim that they are members of a group. However, Edward E. Cohen
may be deemed to be a beneficial owner of 1,527,409 shares (20.4%),
as to 43,994 of which he has sole voting and dispositive power, as
to 40,940 of which he shares voting and dispositive power with his
spouse as trustees of Arete, as to 189,934 of which he shares voting
and dispositive power with Daniel G. Cohen, as to 199,641 of which
he shares voting and dispositive power with RCIP and Daniel G.
Cohen, and as to 1,052,900 of which he shares voting power with RCIP
and Daniel G. Cohen. Daniel G. Cohen may be deemed to be a
beneficial owner of 1,585,047 shares (21.8%), as to 142,575 of which
he has sole voting and dispositive power, as to 189,934 of which he
shares voting and dispositive power with Edward E. Cohen, as to
199,641 of which he shares voting and dispositive power with RCIP
and Edward E. Cohen, and as to 1,052,900 of which he shares voting
power with RCIP and Edward E. Cohen. Arete is the beneficial owner
of 40,940 shares.
(b) No change for RCIP. For Edward E. Cohen, Daniel G. Cohen and Arete,
see paragraph (a), above.
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Page 7 of 8
(c) RCIP - None
The following transactions set forth below for Messrs. Cohen and Cohen,
and Arete, were effected on the open market.
<TABLE>
<CAPTION>
E. Cohen D. Cohen Arete
Date Price Number of Shares Number of Shares Number of Shares
---- ----- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C>
3/2/99 $7.11 40,940
3/2/99 7.00 26,100
9/13/99 4.75 1,000
9/16/99 4.9837 12,476 40,000
9/17/99 5.03 2,500
9/30/99 4.75 2,500
5.00 10,000
11/9/99 4.25 4,300
11/12/99 4.50 2,000
11/15/99 4.75 2,100
11/18/99 4.75 2,000
5.00 1,000
11/19/99 4.875 1,000
11/23/99 5.25 500
11/29/99 5.441 800
11/30/99 5.50 1,300
12/2/99 5.50 500
5.875 1,100
12/3/99 6.375 10,000
12/7/99 6.375 10,000
12/9/99 6.125 1,000
12/10/99 6.00 1,500
6.375 15,000(1)
12/14/99 6.375 10,000(1)
12/15/99 5.25 1,500
12/22/99 5.25 1,200
12/29/99 5.25 1,100
12/30/99 5.25 208,928(2) 189,934(3)
</TABLE>
(1) Purchased by Edward E. Cohen's IRA.
(2) Consists of 18,994 shares purchased by Edward E. Cohen's IRA and
189,934 shares purchased by a family partnership of which Edward E.
Cohen and Daniel G. Cohen are partners.
(3) Consists of the 189,934 shares purchased by the family partnership
referred to in note (2), above.
(d) None
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
No change
Item 7. Materials to be Filed as Exhibits
No change
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Page 8 of 8
SIGNATURES
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.
READYCASH INVESTMENT PARTNERS, L.P.
By: ReadyCash GP Corp., General Partner
By: /s/ Daniel G. Cohen
___________________________________
Daniel G. Cohen, President
/s/ Edward E. Cohen
_______________________________________
EDWARD E. COHEN
/s/ Daniel G. Cohen
_______________________________________
DANIEL G. COHEN
ARETE FOUNDATION
By: /s/ Edward E. Cohen
___________________________________
Edward E. Cohen, Trustee
March 31, 2000
