<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
GO VIDEO, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
380198101
- --------------------------------------------------------------------------------
(CUSIP Number)
Ralph Weil, 2 Crosfield Avenue, West Nyack, New York 10994 (914) 358-8143
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 1, 1996
- --------------------------------------------------------------------------------
(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-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 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 9 pages
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 380198101 PAGE 2 OF 9 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
R. WEIL & ASSOCIATES, L.P.
22-2825068
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF 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
NEW YORK
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 342,600 Shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 175,700 Shares (Disclaimed)
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
342,600 Shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
175,700 Shares (Disclaimed)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
342,600 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 380198101 PAGE 3 OF 9 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
APPLETON ASSOCIATES L.P.
22-2824527
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF 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
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 153,700 Shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 364,600 Shares (Disclaimed)
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
153,700 Shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
364,600 Shares (Disclaimed)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,700
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 380198101 PAGE 4 OF 9 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RALPH WEIL
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF 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
SHARES 501,300 Shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 17,000 Shares (Disclaimed)
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
501,300 Shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,000 Shares (Disclaimed)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
501,300 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE> 5
Page 5 of 9 Pages
Item 1 Security and Issuer
The class of equity securities to which this
statement relates is common stock, $.001 par value ("Common
Stock) of Go Video, Inc. (the "Issuer"). The address of the
principal executive office of the Issuer is 14455 North Hayden
Road, Suite 219, Scottsdale, Arizona 85260.
Item 2 Identity and Background
This Statement on Schedule 13D is filed by R. Weil
& Associates L.P. ("R. Weil") and Appleton Associates
L.P. ("Appleton"), both New York Limited Partnerships,
and Ralph Weil. R. Weil, Appleton and Mr. Weil affirm
that there is no formal arrangement among them or among
any of the other persons or entities named in this
Amendment Schedule 13D with respect to the Common Stock
of the Company.
The principal business address for R. Weil, Appleton
and Mr. Weil is 2 Crosfield Avenue, West Nyack, New York
10994.
R. Weil and Appleton are each limited partnerships
which invest in securities.
Mr. Weil is the general partner of R. Weil and
Appleton and makes all investment decisions on behalf
of each limited partnership. Mr. Weil is a citizen of
the United States of America.
None of R. Weil, Appleton or Mr. Weil has, during the
last 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.
Item 3 Source and Amount of Funds or Other Consideration.
As of the date hereof, R. Weil beneficially owns
342,600 shares of Common Stock. During the period from July
12, 1996 to July 31, 1996, R. Weil sold an aggregate of
130,500 shares of Common Stock. The proceeds from such sales
became part of the partnership's cash funds.
<PAGE> 6
Page 6 of 9 Pages
As of the date hereof, Appleton beneficially owns
153,700 shares of Common Stock. During the period from July
12, 1996 to July 31, 1996, Appleton sold an aggregate of
58,100 shares of Common Stock. The proceeds from such sales
became part of the partnership's cash funds.
As of the date hereof, Mr. Weil beneficially owns
5,000 shares of Common Stock (not including the shares of
Common Stock owned by R. Weil and Appleton, or the 17,000
shares of Common Stock beneficially owned by his wife and
children, with respect to which he disclaims beneficial
ownership). The funds used by Mr. Weil to purchase the shares
of Common Stock were his personal funds.
As of July 23, 1996, there was a decrease of greater
than one percent in the aggregate beneficial ownership of the
Common Stock of the Issuer of R. Weil, Appleton and Mr. Weil.
Item 4 Purpose of the Transaction
Not Applicable.
Item 5. Interest in Securities of the Issuer
R. Weil owns 342,600 shares of the Common Stock of
the Issuer, representing approximately 3.0% of the
outstanding shares. Mr. Weil as General Partner of R.
Weil has sole voting and investment power with respect
to the shares of Common Stock owned by R. Weil. R.
Weil may be deemed to share voting and investment power
with respect to 175,700 shares owned by Appleton, Mr.
Weil and his wife and children, in the aggregate, since
Mr. Weil is the General Partner of R. Weil. However,
R. Weil disclaims ownership of such shares of Common
Stock.
Appleton owns 153,700 shares of the Common Stock of
the Issuer, representing approximately 1.4% of the outstanding
shares. Mr. Weil as General Partner of Appleton has sole
voting and investment power with respect to the shares of
Common Stock owned by Appleton. Appleton may be deemed to
share voting and investment power with respect to 364,600
shares owned by R. Weil, Mr. Weil and his wife and children,
in the aggregate, since Mr. Weil is the General Partner of
Appleton. However, Appleton disclaims ownership of such shares
of Common Stock.
<PAGE> 7
Page 7 of 9 Pages
Mr. Weil owns 5,000 shares of the Common Stock of the
Issuer, representing approximately .04% of the outstanding
shares. Mr. Weil has sole voting power with respect to such
shares. In addition, Mr. Weil as general partner of R. Weil
and Appleton has sole voting power with respect to the 496,300
shares of Common Stock owned by such limited partnerships, in
the aggregate, representing approximately 4.4% of the
outstanding shares. Mr. Weil's wife owns 8,000 shares of the
Common Stock of the Issuer, representing approximately .07% of
the outstanding shares and Mr. Weil's children own 9000 shares
of the Common Stock of the Issuer, representing approximately
.08% of the outstanding shares. Mr. Weil may be deemed to
share voting and investment power with respect to such shares
as a result of his relationship with his wife and children.
However, he disclaims ownership of such shares of Common
Stock.
R. Weil and Appleton have sold shares of Common Stock
of the Issuer, during the period commencing sixty (60) days
prior to the date of this Schedule 13D, in open market
transactions as follows:
<PAGE> 8
Page 8 of 9 Pages
<TABLE>
<CAPTION>
Price
Per
Name Date Shares Share
---- ---- ------ -----
<S> <C> <C> <C>
R. Weil & Associates L.P. 7/12/96 37,900 1.00
Appleton Associates L.P. 7/12/96 17,000 1.00
R. Weil & Associates L.P. 7/16/96 1,000 1.00
R. Weil & Associates L.P. 7/17/96 10,400 1.00
Appleton Associates L.P. 7/17/96 4,600 1.00
R. Weil & Associates L.P. 7/19/96 16,000 1.027
Appleton Associates L.P. 7/19/96 7,300 1.027
R. Weil & Associates L.P. 7/22/96 3,700 1.00
Appleton Associates L.P. 7/22/96 1,600 1.00
R. Weil & Associates L.P. 7/23/96 18,800 1.00
Appleton Associates L.P. 7/23/96 8,400 1.00
R. Weil & Associates L.P. 7/24/96 14,000 1.00
Appleton Associates L.P. 7/24/96 6,400 1.00
R. Weil & Associates L.P. 7/25/96 23,000 1.00
Appleton Associates L.P. 7/25/96 10,300 1.00
R. Weil & Associates L.P. 7/31/96 5,700 1.085
Appleton Associates L.P. 7/31/96 2,500 1.085
</TABLE>
R. Weil, Appleton, and Mr. Wiel ceased to be the
collective beneficial owner of more than five percent of the
Common Stock of the Issuer on July 24, 1996.
Item 6 Contracts, Arrangements, Understandings
or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
<PAGE> 9
Page 9 of 9 Pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned hereby certify that the information set forth in this
statement is true, complete and correct.
R. WEIL & ASSOCIATES L.P.
By: /s/ Ralph Weil
---------------------------------
Ralph Weil, Gen. Part.
APPLETON ASSOCIATES L.P.
By: /s/ Ralph Weil
---------------------------------
Ralph Weil, Gen. Part.
/s/ Ralph Weil
---------------------------------
RALPH WEIL
Dated as of: August 1, 1996
<PAGE> 10
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
GO VIDEO, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
380198101
- --------------------------------------------------------------------------------
(CUSIP Number)
Ralph Weil, 2 Crosfield Avenue, West Nyack, New York 10994
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 21, 1994
- --------------------------------------------------------------------------------
(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-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement /X/. (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 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
<PAGE> 11
SCHEDULE 13D
CUSIP NO. 380198101 PAGE 2 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
R. WEIL & ASSOCIATES, L.P.
22-2825068
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 404,000 Shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 204,200 Shares (Disclaimed)
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
404,000 Shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
204,200 Shares (Disclaimed)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,000 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE> 12
SCHEDULE 13D
CUSIP NO. 380198101 PAGE 3 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
APPLETON ASSOCIATES L.P.
22-2824527
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 182,200 Shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 426,000 Shares (Disclaimed)
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
182,200 Shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
426,000 Shares (Disclaimed)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,200 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE> 13
SCHEDULE 13D
CUSIP NO. 380198101 PAGE 4 OF 8 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RALPH WEIL
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(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
SHARES 591,200 Shares
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 17,000 Shares (Disclaimed)
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
591,200 Shares
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,000 Shares (Disclaimed)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
591,200 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE> 14
Page 5 of 8 Pages
Item 1 Security and Issuer
The class of equity securities to which this
statement relates is common stock, $.001 par value ("Common
Stock) of Go Video, Inc. (the "Issuer"). The address of the
principal executive office of the Issuer is 14455 North Hayden
Road, Suite 219, Scottsdale, Arizona 85260.
Item 2 Identity and Background
This Statement on Schedule 13D is filed by R. Weil
& Associates L.P. ("R. Weil") and Appleton Associates
L.P. ("Appleton"), both New York Limited Partnerships,
and Ralph Weil. R. Weil, Appleton and Mr. Weil affirm
that there is no formal arrangement among them or among
any of the other persons or entities named in this
Amendment Schedule 13D with respect to the Common Stock
of the Company.
The principal business address for R. Weil,
Appleton and Mr. Weil is 2 Crosfield Avenue, West
Nyack, New York 10994.
R. Weil and Appleton are each limited partnerships
which invest in securities.
Mr. Weil is the general partner of R. Weil and
Appleton and makes all investment decisions on behalf
of each limited partnership. Mr. Weil is a citizen of
the United States of America.
None of R. Weil, Appleton or Mr. Weil has, during the
last 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.
Item 3 Source and Amount of Funds or Other Consideration.
As of the date hereof, R. Weil beneficially owns
404,000 shares of Common Stock. During the period from
November 24, 1993 to September 21, 1994, R. Weil acquired
404,000 shares of Common Stock for an aggregate consideration
of $1,030,255. The funds used by R. Weil to purchase the
shares of Common Stock were derived from the investments of R.
Weil's limited partners.
<PAGE> 15
Page 6 of 8 Pages
As of the date hereof, Appleton beneficially owns
182,200 shares of Common Stock. During the period from
November 24, 1993 to September 21, 1994, Appleton acquired
182,200 shares of Common Stock for an aggregate consideration
of $454,364. The funds used by Appleton to purchase the shares
of Common Stock were derived from the investments of
Appleton's limited partners.
As of the date hereof, Mr. Weil beneficially owns
5,000 shares of Common Stock (not including the shares of
Common Stock owned by R. Weil and Appleton, or the 17,000
shares of Common Stock beneficially owned by his wife and
children, with respect to which he disclaims beneficial
ownership). The funds used by Mr. Weil to purchase the shares
of Common Stock were derived from his personal funds.
Item 4 Purpose of the Transaction
The shares of Common Stock held by R. Weil, Appleton
and Mr. Weil and his wife and children were acquired solely
for investment purposes.
Additional shares may be acquired and any or all such
shares may be disposed of at any time or from time to time, in
each case depending on market conditions. None of R. Weil,
Appleton or Mr. Weil has any present plans or proposals which
relate to or would result in any of the actions specified in
clauses (a) through (j) of Schedule 13D under the Securities
Exchange Act of 1934.
Item 5. Interest in Securities of the Issuer
R. Weil owns 404,000 shares of the Common Stock of
the Issuer, representing approximately 3.6% of the
outstanding shares. Mr. Weil as General Partner of R.
Weil has sole voting and investment power with respect
to the shares of Common Stock owned by R. Weil. R.
Weil may be deemed to share voting and investment power
with respect to 204,200 shares owned by Appleton, Mr.
Weil and his wife and children, in the aggregate, since
Mr. Weil is the General Partner of R. Weil. However,
R. Weil disclaims ownership of such shares of Common
Stock.
Appleton owns 182,200 shares of the Common Stock
of the Issuer, representing approximately 1.6% of the
outstanding shares. Mr. Weil as General Partner of
Appleton has sole voting and investment power with
respect to the shares of Common Stock owned by
Appleton. Appleton may be deemed to share voting and
investment power with respect to 426,000 shares owned
by R. Weil, Mr. Weil and his wife and children, in the
<PAGE> 16
Page 7 of 8 Pages
aggregate, since Mr. Weil is the General Partner of
Appleton. However, Appleton disclaims ownership of
such shares of Common Stock.
Mr. Weil owns 5,000 shares of the Common Stock of the
Issuer, representing approximately .05% of the outstanding
shares. Mr. Weil has sole voting power with respect to such
shares. In addition, Mr. Weil as general partner of R. Weil
and Appleton has sole voting power with respect to the 586,200
shares of Common Stock owned by such limited partnerships, in
the aggregate, representing approximately 5.3% of the
outstanding shares. Mr. Weil's wife owns 8,000 shares of the
Common Stock of the Issuer, representing approximately .07% of
the outstanding shares and Mr. Weil's children own 9000 shares
of the Common Stock of the Issuer, representing approximately
.08% of the outstanding shares. Mr. Weil may be deemed to
share voting and investment power with respect to such shares
as a result of his relationship with his wife and children.
However, he disclaims ownership of such shares of Common
Stock.
R. Weil and Appleton have purchased shares of Common
Stock of the Issuer, during the period commencing sixty (60)
days prior to the date hereof, in open market transactions as
follows:
<TABLE>
<CAPTION>
Price
Per
Name Date Shares Share
---- ---- ------ -----
<S> <C> <C> <C>
R. Weil & Associates L.P. 7/20/94 18,300 1.719
Appleton Associates L.P. 7/20/94 8,200 1.719
R. Weil & Associates L.P. 9/21/94 31,000 2.00
Appleton Associates L.P. 9/21/94 14,000 2.00
</TABLE>
Item 6 Contracts, Arrangements, Understandings
or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
<PAGE> 17
Page 8 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned hereby certify that the information set forth in this
statement is true, complete and correct.
R. WEIL & ASSOCIATES L.P.
By: /s/ Ralph Weil
----------------------------------
Ralph Weil, Gen. Part.
APPLETON ASSOCIATES L.P.
By: /s/ Ralph Weil
----------------------------------
Ralph Weil, Gen. Part.
/s/ Ralph Weil
----------------------------------
RALPH WEIL
Dated: September 21, 1994
