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THIS DOCUMENT IS A COPY OF THE SCHEDULE 13G FILED ON FEBRUARY 18, 1997 PURSUANT
TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
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Westar Financial Services Incorporated
(successor to Republic Leasing Incorporated)
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
95-7098-10-6
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing 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).
*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 the
disclosures provided in a prior cover page.
The information required in 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 1 of 8 Pages
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CUSIP NO. 95-7098-10-6 13G PAGE 2 OF 8 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
& Capital Partners, L.P.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF See Item 4(c)(i) attached hereto
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING See Item 4(c)(iii) attached hereto
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 4(a) attached hereto
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
10%
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TYPE OF REPORTING PERSON*
12
PN
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CUSIP NO. 95-7098-10-6 13G PAGE 3 OF 8 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David C. Soward
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
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SOLE VOTING POWER
5
NUMBER OF See Item 4(c)(i) attached hereto
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING See Item 4(c)(iii) attached hereto
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See Item 4(a) attached hereto
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
10%
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TYPE OF REPORTING PERSON*
12
IN
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ITEM 1.
(a) The name of the Issuer is Westar Financial Services Incorporated
(successor to Republic Leasing Incorporated).
(b) The address of Issuer's Principal Executive Offices is 505 E. Union
Avenue, Suite 300, Olympia, Washington 98507.
ITEM 2.
(a) The names of the persons filing are & Capital Partners, L.P. and
David C. Soward, its general partner (each a "Reporting Person" and
collectively, the "Reporting Persons").
(b) The address of the principal business office of each Reporting Person
is 600 California Street, Suite 1850, San Francisco, California 94108.
(c) The jurisdiction of formation for & Capital Partners L.P. is Delaware.
Mr. Soward is a United States citizen.
(d) The title of class of securities is Common Stock, no par value, into
which the shares of Series 4B Preferred Stock held by & Capital
Partners L.P. are convertible.
(e) The CUSIP number of the Issuer is 95-7098-10-6.
ITEM 3. Not applicable.
ITEM 4. Ownership:
(a) & Capital Partners, L.P., a Delaware limited partnership, is the
record owner of 60 shares of Series 4B Preferred Stock, which 60
shares are convertible, at the option of the holder thereof, into a
number of fully paid and nonassessable shares of Common Stock equal to
10% of the outstanding Common Stock, on a fully diluted basis, and
including all shares subject to stock incentive plans for service
providers, following such conversion. David C. Soward is the sole
general partner of & Capital Partners, L.P., in which capacity he may
be deemed to be the beneficial owner of the shares of the Issuer
beneficially owned by & Capital Partners, L.P. Mr. Soward disclaims
beneficial ownership of any shares of & Capital Partners, L.P.
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(b) The percentage of the class of Common Stock represented by the shares
of Common Stock issuable to & Capital Partners L.P. upon conversion of
its 60 shares of Series 4B Preferred Stock is 10%.
(c) The number of shares of Common Stock (issuable upon conversion of
Series 4B Preferred Stock) as to which & Capital Partners L.P.
has:
(i) sole power to vote or direct the vote is that number of shares
of Common Stock equal to 10% of the outstanding Common Stock, on
a fully diluted basis, and including all shares subject to stock
incentive plans for service providers, following the conversion
of the Series 4B Preferred Stock. See Item 4(a) above.
(ii) shared power to vote or direct the vote is 0.
(iii) sole power to dispose or to direct the disposition of shares is
that number of shares of Common Stock equal to 10% of the
outstanding Common Stock, on a fully diluted basis, and
including all shares subject to stock incentive plans for
service providers, following the conversion of the Series 4B
Preferred Stock. See Item 4(a) above.
(iv) shared power to dispose or to direct the disposition of the
shares is 0.
ITEM 5. Not applicable.
ITEM 6. See Item 4 above.
ITEM 7. Not applicable.
ITEM 8. Not applicable.
ITEM 9. Not applicable.
ITEM 10. Not applicable.
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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.
February 14, 1997
& Capital Partners L.P.
By: /s/ David C. Soward
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General Partner
/s/ David C. Soward
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David C. Soward
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EXHIBIT LIST
1. Joint Filing Agreement dated as of February 14, 1997.
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EXHIBIT 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(f)(1)
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The undersigned acknowledge and agree that the foregoing statement on Schedule
13G is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13G shall be filed on behalf of each of
the undersigned without the necessity of filing additional joint filing
agreements. The undersigned acknowledge that each shall be responsible for the
timely filing of such amendments, and for the completeness and accuracy of the
information concerning him or it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the other,
except to the extent that it knows or has reason to believe that such
information is inaccurate.
Dated: February 14, 1997
& Capital Partners, L.P.
By: /s/ David C. Soward
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David C. Soward, its
general partner
/s/ David C. Soward
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David C. Soward
