UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
INDUSTRIAL IMAGING CORPORATION
- --------------------------------------------------------------------------------
(Name of issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
- --------------------------------------------------------------------------------
(Title of class of securities)
45616N-10-0
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(CUSIP number)
Arthur H. Amron
Wexford Management LLC
411 West Putnam Avenue
Greenwich, CT 06830
(203) 862-7012
- --------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to
receive notices and communications)
OCTOBER 26, 1999
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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 this Schedule 13D, and is filing this
schedule because ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule ss. 240.13d-7
Page 1 of 6 Pages
<PAGE>
CUSIP No.45616N-10-0
________________________________________________________________________________
1. Names of Reporting Persons. Imprimis Investors LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (A) [ ]
(SEE INSTRUCTIONS) (B) [X]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Source of Funds (See Instructions) WC
________________________________________________________________________________
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
________________________________________________________________________________
6. Citizenship or Place of Organization Delaware
________________________________________________________________________________
Number of Shares 7. Sole Voting Power 0
Beneficially _______________________________________________________
Owned by Each 8. Shared Voting Power (see Item 5 below) 0
Reporting _______________________________________________________
Person With 9. Sole Dispositive Power 0
_______________________________________________________
10.Shared Dispositive Power (see Item 5 below) 0
________________________________________________________________________________
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
________________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11) 0
________________________________________________________________________________
14. Type of Reporting Person (See Instructions) OO
________________________________________________________________________________
Page 2 of 6 Pages
<PAGE>
CUSIP No.45616N-10-0
________________________________________________________________________________
1. Names of Reporting Persons. Charles E. Davidson
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (A) [ ]
(SEE INSTRUCTIONS) (B) [X]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Source of Funds (See Instructions) AF
________________________________________________________________________________
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
________________________________________________________________________________
6. Citizenship or Place of Organization United States
________________________________________________________________________________
Number of Shares 7. Sole Voting Power 0
Beneficially _______________________________________________________
Owned by Each 8. Shared Voting Power (see Item 5 below) 0
Reporting _______________________________________________________
Person With 9. Sole Dispositive Power 0
_______________________________________________________
10.Shared Dispositive Power (see Item 5 below) 0
________________________________________________________________________________
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
________________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11) 0
________________________________________________________________________________
14. Type of Reporting Person (See Instructions) IN
________________________________________________________________________________
Page 3 of 6 Pages
<PAGE>
CUSIP No.45616N-10-0
________________________________________________________________________________
1. Names of Reporting Persons. Wexford Management LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (A) [ ]
(SEE INSTRUCTIONS) (B) [X]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Source of Funds (See Instructions) AF
________________________________________________________________________________
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
________________________________________________________________________________
6. Citizenship or Place of Organization Connecticut
________________________________________________________________________________
Number of Shares 7. Sole Voting Power 0
Beneficially _______________________________________________________
Owned by Each 8. Shared Voting Power (see Item 5 below) 0
Reporting _______________________________________________________
Person With 9. Sole Dispositive Power 0
_______________________________________________________
10.Shared Dispositive Power (see Item 5 below) 0
________________________________________________________________________________
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
________________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11) 0
________________________________________________________________________________
14. Type of Reporting Person (See Instructions) OO
________________________________________________________________________________
Page 4 of 6 Pages
<PAGE>
CUSIP No.45616N-10-0
________________________________________________________________________________
1. Names of Reporting Persons. Joseph M. Jacobs
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (A) [ ]
(SEE INSTRUCTIONS) (B) [X]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Source of Funds (See Instructions) AF
________________________________________________________________________________
5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
________________________________________________________________________________
6. Citizenship or Place of Organization United States
________________________________________________________________________________
Number of Shares 7. Sole Voting Power 0
Beneficially _______________________________________________________
Owned by Each 8. Shared Voting Power (see Item 5 below) 0
Reporting _______________________________________________________
Person With 9. Sole Dispositive Power 0
_______________________________________________________
10.Shared Dispositive Power (see Item 5 below) 0
________________________________________________________________________________
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 0
________________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11) 0
________________________________________________________________________________
14. Type of Reporting Person (See Instructions) IN
________________________________________________________________________________
Page 5 of 6 Pages
<PAGE>
This Amendment No. 1 to Schedule 13D modifies and supplements the
Schedule 13D filed on December 16, 1997 with respect to the common stock, $0.01
par value per share (the "Common Stock"), of INDUSTRIAL IMAGING CORPORATION, a
Delaware corporation (the "Company"). Except to the extent supplemented by the
information contained in this Amendment No. 1, such Schedule 13D, as amended as
provided above, remains in full force and effect. Capitalized terms used herein
without definition have the respective meanings ascribed to them in such
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Pursuant to the terms of the Stock and Warrant Purchase Agreement
between the Company, Imprimis SB, L.P. ("Imprimis SB"), Imprimis Investors LLC
("Imprimis"), Wexford Spectrum Investors LLC ("WSI" and together with Imprimis
SB and Imprimis, the "Wexford Affiliates") and Charles M. Leighton (the
"Buyer"), on October 26, 1999, the Wexford Affiliates sold to the Buyer
3,000,000 shares of the Common Stock and Warrants to purchase 2,000,000
additional shares of Common Stock owned of record by the Wexford Affiliates for
an aggregate purchase price of $95,000. As a result of the foregoing, the
Reporting Persons no longer beneficially own any shares of Common Stock or
rights to acquire any shares of Common Stock.
* * * * *
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: November 5, 1999
IMPRIMIS INVESTORS LLC
BY: /S/ ARTHUR H. AMRON
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD MANAGEMENT LLC
BY: /S/ ARTHUR H. AMRON
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
/S/ CHARLES E. DAVIDSON
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Charles E. Davidson
/S/ JOSEPH M. JACOBS
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Joseph M. Jacobs
Page 6 of 6 Pages
