UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. __)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
IMP, INC.
------------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
449693209
------------------------------
(CUSIP Number)
February 5, 1999
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 2 of 10 Pages
- -------------------------------------------------------------------------------------------------------------------
<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Bay Area Micro-Cap Fund, L.P.
- -------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- -------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 206,278
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 206,278
(8) Shared Dispositive Power -0-
- -------------------------------------------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
206,278
- -------------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.18%
- -------------------------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 3 of 10 Pages
- -------------------------------------------------------------------------------------------------------------------
<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Bay Area Micro-Cap Management Company, LLC
- -------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- -------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 206,278
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 206,278
(8) Shared Dispositive Power -0-
- -------------------------------------------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
206,278
- -------------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.18%
- -------------------------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 4 of 10 Pages
- -------------------------------------------------------------------------------------------------------------------
<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Gregory F. Wilbur
- -------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- -------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power 206,278
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 206,278
(8) Shared Dispositive Power -0-
- -------------------------------------------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
206,278
- -------------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.18%
- -------------------------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 5 of 10 Pages
- -------------------------------------------------------------------------------------------------------------------
<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
William A. Smart III
- -------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- -------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 206,278
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 206,278
- -------------------------------------------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
206,278
- -------------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.18%
- -------------------------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 5 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 6 of 10 Pages
- -------------------------------------------------------------------------------------------------------------------
<S> <C>
(1) Names of Reporting Persons. SS or I.R.S. Identification Nos. of Above Persons
Peter L. Holland
- -------------------------------------------------------------------------------------------------------------------
(2) Check The Appropriate Box If A Member Of A Group (a)
(b) X
- -------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------------------------------------------
Number Of Shares (5) Sole Voting Power -0-
Beneficially Owned
By Each Reporting (6) Shared Voting Power 206,278
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 206,278
- -------------------------------------------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
206,278
- -------------------------------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
6.18%
- -------------------------------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 6 of 10 pages
<PAGE>
Item 1.
(a) Name of Issuer: IMP, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
2830 N. First Street
San Jose, CA 95134
Item 2.
(a) Name of Person Filing:
Bay Area Micro-Cap Fund, L.P. ("BAMC")
Bay Area Micro-Cap Management Co., LLC ("BAMCMC")
Gregory F. Wilbur ("GFW")
Peter L. Holland ("PLH")
William A. Smart III ("WAS")
(b) Address of Principal Business Office:
1151 Bay Laurel Drive
Menlo Park, CA 94025
(c) Citizenship/Place of Organization:
Entities: BAMC - California
BAMCMC - California
Individuals: GFW - United States
PLH - United States
WAS - United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 449693209
Item 3. Not applicable.
Page 7 of 10 pages
<PAGE>
<TABLE>
Item 4 Ownership.
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
<CAPTION>
BAMC BAMCMC GFW PLH WAS
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
<S> <C> <C> <C> <C> <C> <C>
(a) Beneficial Ownership 206,278 206,278 206,278 206,278 206,278
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
(b) Percentage of Class 6.18% 6.18% 6.18% 6.18% 6.18%
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
(c) Sole Voting Power 206,278 206,278 206,278 -0- -0-
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
Shared Voting Power -0- -0- -0- 206,278 206,278
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
Sole Dispositive Power 206,278 206,278 206,278 -0- -0-
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
Shared Dispositive Power -0- -0- -0- 206,278 206,278
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group
No reporting person is a member of a group as defined in Section
240.13d-1(b)(1)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
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.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
EXHIBITS
A: Joint Filing Statement
Page 8 of 10 pages
<PAGE>
Signature
Date: February 10, 1999
BAY AREA MICRO-CAP FUND, L.P.
By: Bay Area Micro-Cap Management Co., LLC
its general partner
By: /s/ Gregory F. Wilbur
- ------------------------------------------
Managing Member
BAY AREA MICRO-CAP MANAGEMENT CO., LLC
By: /s/ Gregory F. Wilbur
- ------------------------------------------
Managing Member
/s/ Gregory F. Wilbur
- ------------------------------------------
Gregory F. Wilbur
/s/ Peter L. Holland
- ------------------------------------------
Peter L. Holland
/s/ William A. Smart III
- ------------------------------------------
William A. Smart III
Page 9 of 10 pages
<PAGE>
EXHIBIT A
AGREEMENT OF JOINT FILING
We, the undersigned, hereby express our agreement that the attached
Schedule 13G is filed on behalf of us.
Date: February 10, 1999
BAY AREA MICRO-CAP FUND, L.P.
By: Bay Area Micro-Cap Management Co., LLC
its general partner
By: /s/ Gregory F. Wilbur
---------------------------------------
Managing Member
BAY AREA MICRO-CAP MANAGEMENT CO., LLC
By: /s/ Gregory F. Wilbur
---------------------------------------
Managing Member
/s/ Gregory F. Wilbur
---------------------------------------
Gregory F. Wilbur
/s/ Peter L. Holland
---------------------------------------
Peter L. Holland
/s/ William A. Smart III
---------------------------------------
William A. Smart III
Page 10 of 10
