UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
IMP, INC.
--------------------------------
(Name of Issuer)
Common Stock
---------------------------------
(Title of Class of Securities)
449693209
--------------------------------
(CUSIP Number)
December 31, 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 77,778
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 77,778
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
77,778
- -----------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -----------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
2.31%
- -----------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
PN
- -----------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 3 of 10 Pages
<S> <C> <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 77,778
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 77,778
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
77,778
- -----------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -----------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
2.31%
- -----------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
CO
- -----------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 4 of 10 Pages
<S> <C> <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 77,778
Beneficially Owned
By Each Reporting (6) Shared Voting Power -0-
Person With
(7) Sole Dispositive Power 77,778
(8) Shared Dispositive Power -0-
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
77,778
- -----------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -----------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
2.31%
- -----------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- -----------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 5 of 10 Pages
<S> <C> <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 77,778
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 77,778
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
77,778
- -----------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -----------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
2.31%
- -----------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- -----------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 5 of 10 pages
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 449693209 Page 6 of 10 Pages
<S> <C> <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 77,778
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 77,778
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
77,778
- -----------------------------------------------------------------------------------------------
(10) Check If The Aggregate Amount In Row (11) Excludes Certain Shares*
- -----------------------------------------------------------------------------------------------
(11) Percent Of Class Represented By Amount In Row (11)
2.31%
- -----------------------------------------------------------------------------------------------
(12) Type Of Reporting Person
IN
- -----------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
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 77,778 77,778 77,778 77,778 77,778
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
(b) Percentage of Class 2.31% 2.31% 2.31% 2.31% 2.31%
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
(c) Sole Voting Power 77,778 77,778 77,778 -0- -0-
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
Shared Voting Power -0- -0- -0- 77,778 77,778
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
Sole Dispositive Power 77,778 77,778 77,778 -0- -0-
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
Shared Dispositive Power -0- -0- -0- 77,778 77,778
- -------- -------------------------- ---------------- ----------------- ---------------- ----------------- ----------------
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of class of securities, check the following: |X|
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
Page 8 of 10 pages
<PAGE>
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.
Date: February 2, 2000
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
EXHIBITS
A: Joint Filing Statement
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 2, 2000
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 pages
