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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. )*
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WESTAR FINANCIAL SERVICES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
957098 10 6
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(Cusip Number)
Kenneth W. McCarthy, Jr.
T & W Financial Corporation
P.O. Box 3028
Federal Way, WA 98063
620-6205
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
9/16/96
(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 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 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).
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CUSIP NO. 957098 10 6 13D Page 2 of 4 Pages
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(1) NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
T & W Financial Corporation; 91-1547059
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER (a)
OF A GROUP* (b)
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
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(7) SOLE VOTING POWER
NUMBER OF 162,077
SHARES --------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON WITH 162,077
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(10) SHARED DISPOSITIVE POWER
0
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
162,077
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(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.33
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(14) TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER
Title of Class of Equity Securities: Common Stock of Westar Financial Services,
Inc.
Name and Address of Principal Executive Officers of the Issuer:
Westar Financial Services, Inc.
505 E. Union Avenue, Suite 300
Olympia, Washington 98507
ITEM 2. IDENTITY AND BACKGROUND
Name of Person Filing: T & W Financial Corporation
(b) State of Organization: Washington
(c) Principal Business: Finance/Leasing
Address of Principal
Business and Office: 6416 Pacific Highway East
Tacoma, WA 98424
(e) Conviction of a Criminal Proceeding (excluding traffic violations
or similar misdemeanors) during the last five years: No.
(f) Party in a Civil Proceeding during the last five years and as
a result 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: No.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The purchases described in Item 5 were made in a series of ordinary
brokerage transactions from May 1, 1996 through September 16, 1996. The source
of the funds in making the purchases described in Item 5 is working capital of
T & W Financial Corporation. The amount of funds used in making the purchases
of the shares of common stock totaled $1,232,904.11.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the acquisition of securities of the issuer is for
investment purposes. T & W Financial Corporation may purchase additional shares
of common stock of Westar Financial Services, Inc. from time to time. Any
decision to make such additional purchase will depend, however, on various
factors, including without limitation, the price of the common stock, stock
market conditions and the business prospects of Westar Financial Services, Inc.
At any time, T & W Financial Corporation may also determine to dispose of some
or all of the shares of common stock of Westar Financial Services, Inc. that it
owns, depending on various similar factors.
Except as set forth herein, T & W Financial Corporation does not have
any plans or proposals that relate to or would result in any of the matters
specified in Item 4.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Aggregate Number of Shares of Common Stock of Westar Financial
Services, Inc. Beneficially Owned: 162,077
Percentage of Common Stock of Westar Financial Services, Inc.
Owned (based on 1,430,510 shares of common stock outstanding as of May 1, 1997:
11.33%,
(b) Sole Voting Power: 162,077
Sole Dispositive Power: 162,077
Shared Voting Power: -0-
Shared Dispositive Power: -0-
(c) None
(d) Not Applicable
(e) Not Applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER. None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. None.
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.
T & W FINANCIAL CORPORATION, By:
June 17, 1997 /s/ M.A. Price
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(Date) M.A. Price, C.E.O.
