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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)*
WESTAR FINANCIAL SERVICES INCORPORATED
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Successor to Republic Leasing, Inc.
(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
957098 10 6
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(Cusip Number)
Charles W. Dent, Esq.
T & W Financial Corporation
P.O. Box 3028
Federal Way, WA 98063
(253) 922-5164
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(Name, address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 31, 1997
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(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 each subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
PAGE 1 OF 6
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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
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
T & W Leasing, Inc., formerly known as T & W Financial Corporation
91-1547059
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
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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
0 shares of common stock
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0 shares of common stock
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0 shares of common stock
PERSON ----------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0 shares of common stock
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares of common stock
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 957098 10 6 13D
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ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D relates to the common stock (the "Common Stock")
of Westar Financial Services Incorporated (the "Company"), successor to Republic
Leasing, Inc., and is being filed by T & W Leasing, Inc. pursuant to Rule
13d-2(a) under the Securities Exchange Act of 1934, as amended. This filing is
the amendment no. 1 to Schedule 13D filed June 18, 1997, and its purpose is to
report a disposition of all beneficial ownership of the Common Stock.
The name and address of the principal executive offices of the Issuer are Westar
Financial Services Incorporated, The Republic Building, P.O. Box 919, Olympia,
WA 98507.
As reported in its 10-K for the fiscal year ended March 31, 1997, the Company
had 717,650 shares of Common Stock outstanding.
ITEM 2. IDENTITY AND BACKGROUND
(a) Name of Person Filing: T & W Leasing, Inc., formerly known as
T & W Financial Corporation ("T&W")
(b) State of Organization: Washington
(c) Principal Business: T&W Leasing, Inc. is a wholly-owned
subsidiary of T & W Financial Services
Company L.L.C. Its principal business
is specialized commercial finance.
(d) Address of Principal
Business and Office: 6416 Pacific Highway E.
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.
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CUSIP NO. 957098 10 6 13D
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
As of the close of business on March 31, 1997, T & W Leasing, Inc. owned
0 shares of the Common Stock as a result of a non-liquidating distribution to
P.L.M. Consulting Group, L.L.C.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the disposition of securities of the issuer was to effect
a non-liquidating distribution of the Common Stock to P.L.M. Consulting Group,
L.L.C. Notwithstanding the disposition, T&W may purchase shares of common stock
of Westar Financial Services Incorporated (the "Company") from time to time. Any
decision to make such additional purchase(s) will depend, however, on various
factors, including without limitation, the price of the common stock, stock
market conditions and the business prospects of the Company.
Except as set forth herein, T&W does not have any present plans or
proposals that relate to or would result in any of the actions required to be
described in Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Aggregate Number of Shares of Common Stock of Westar Financial
Services Incorporated beneficially owned: 0
Percentage of Common Stock of Westar Financial Services Incorporated
owned (based on 717,650 shares of common stock outstanding as reported in the
Company's 10-K for the fiscal year ended March 31, 1997): 0%.
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(b) Sole Voting Power: -0-
Sole Dispositive Power: -0-
Shared Voting Power: -0-
Shared Dispositive Power: -0-
(c ) Not Applicable
(d) Not Applicable
(e) March 31, 1997
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ITEM 6. CONTRACTS. ARRANGEMENTS. UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Except as set forth in this Statement, there are no contracts,
arrangements, understandings or relationships between T&W and the persons
included in Item 2 with respect to the Common Stock.
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CUSIP NO. 957098 10 6 13D
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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 Leasing, Inc.,
a Washington corporation,
2/16/99 /s/ Michael A. Price
_________________ By_____________________________________
(Date) Michael A. Price, Chief Executive
Officer
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