<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
PhoneTel Technologies, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
71921H406
(CUSIP Number)
Donna Rosario
Barker Lee & Co.
530 Fifth Avenue
26th Floor
New York, NY 10036
(212) 398-8700
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 18, 1998
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box b[ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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 purposes 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).
(Continued on the following pages)
<PAGE> 2
CUSIP No. 71921H406 13D Page 2 of 19 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barker, Lee & Co. Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 6,000
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -----------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 6,000
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.03%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP No. 71921H406 13D Page 3 of 19 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J.M.R. Barker Foundation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
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 9,100
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -----------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 9,100
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,100
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.05%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- --------------------------------------------------------------------------------
<PAGE> 4
CUSIP No. 71921H406 13D Page 4 of 19 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Quaker Hill Associates, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 3,500
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY --------------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 3,500
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.02%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
<PAGE> 5
CUSIP No. 71921H406 13D Page 5 of 19 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Upland Associates L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 7,000
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY ----------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 7,000
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.04%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
<PAGE> 6
CUSIP No. 71921H406 13D Page 6 of 19 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Namakagon Associates, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY ----------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
<PAGE> 7
CUSIP No. 71921H406 13D Page 7 of 19 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Dwight E. Lee
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
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 18,600
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 7,000
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
18,600
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,600
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.14%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
<PAGE> 8
CUSIP No. 71921H406 13D Page 8 of 19 Pages
This Amendment No. 1 to Statement on Schedule 13D amends the
Statement on Schedule 13D, filed with the Securities and Exchange Commission
(the "Commission") on May 9, 1997 (as so amended, the "Schedule 13D") by (i)
Barker, Lee & Co. Limited Partnership, a Connecticut limited partnership
("Barker, Lee"), (ii) J.M.R. Barker Foundation, a New York not-for-profit
corporation ("Barker Foundation"), (iii) Quaker Hill Associates, L.P., a
Delaware limited partnership ("Quaker Hill"), (iv) Namakagon Associates, L.P., a
Delaware limited partnership ("Namakagon"), and (v) Dwight E. Lee, an individual
citizen of the U.S.A. ("Lee") (herein referred to individually as a "Reporting
Person" and, collectively, as "Reporting Persons"), relating to the beneficial
ownership of the common stock, $.01 par value (the "Common Stock"), of PhoneTel
Technologies, Inc. (the "Company"). Items 1, 2, and 5 are hereby amended.
This amendment is designed to report the sales on November 18
and 19, 1998 of shares of the Common Stock of the Company by the Reporting
Persons. The sales reduce the percentage ownership of (x) the Reporting Persons,
in the event such Reporting Persons are deemed a group within the meaning of
Section 13(d)(3) of the Securities Exchange Act of 1934, and (y) Dwight E. Lee,
in each case, to below five percent.
Item 1. Security and Issuer.
The principal executive office of the Company is located at
North Point Tower, 7th Floor, 1001 Lakeside Avenue, Cleveland, Ohio.
Item 2. Identity and Background.
(a), (b), (c) and (f). Appendix A attached hereto and
incorporated herein by reference has been revised to reflect the name, business
address, principal occupation and citizenship of the current general partners,
executive officers and directors of each Reporting Person.
(d) and (e). During the last five years, neither the Reporting
Persons nor, to the best of their respective knowledge, any general partner,
executive officer or director of the Reporting Persons listed in Appendix A has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or has 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 5. Interest in Securities.
(a) The number of shares of Common Stock and the percentage of
the outstanding shares of Common Stock of the Company (based on 18,754,133
shares reported by the Company to be outstanding as of November 13, 1998 on its
most recent Form 10-Q filed with the Commission on November 16, 1998)
beneficially owned by each of the Reporting Persons is as set forth in the cover
pages of this Schedule 13D which are hereby incorporated by reference. The
shares reported as beneficially owned by Barker Lee, Barker Foundation, Quaker
Hill, Upland, and Namakagon are also reported as beneficially owned by Lee; Lee
serves as general partner of Quaker Hill and managing general
<PAGE> 9
CUSIP No. 71921H406 13D Page 9 of 19 Pages
partner of Barker Lee; Lee serves as a director of Barker Foundation, as do
Robert R. Barker and W. Benjamin Barker, and each has the sole power to direct
the voting and disposition of the assets of such entity; Lee serves as a general
partner of each of Upland and Namakagon, and has shared power to direct the
voting and disposition of the assets of such entities with Robert R. Barker who
also serves as a general partner.
(b) Except as set forth in paragraph (a) of this Item 5 each
Reporting Person has the sole power to vote or direct a vote and to dispose or
direct a disposition of its respective shares of the Company's Common Stock.
(c) Set forth in Appendix B hereto and incorporated herein by
reference is a summary of all transactions in the Company's Common Stock
effected by the Reporting Persons during the past 60 days, describing the date
of the transaction, the number of shares involved and the price per share.
(e) On November 18, 1998, each Reporting Person ceased to be
the beneficial owner of more than 5% of the Company's Common Stock.
<PAGE> 10
CUSIP No. 71921H406 13D Page 10 of 19 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement with respect
to the undersigned is true, complete and correct.
BARKER, LEE & CO. LIMITED PARTNERSHIP
By: /s/ Dwight E. Lee
-------------------------------
Dwight E. Lee
Managing General Partner
Dated: November 24, 1998
<PAGE> 11
CUSIP No. 71921H406 13D Page 11 of 19 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement with respect
to the undersigned is true, complete and correct.
J.M.R. BARKER FOUNDATION
By: /s/ Dwight E. Lee
----------------------------
Dwight E. Lee
Vice President and Director
Dated: November 24, 1998
<PAGE> 12
CUSIP No. 71921H406 13D Page 12 of 19 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement with respect
to the undersigned is true, complete and correct.
QUAKER HILL ASSOCIATES, L.P.
By: /s/ Dwight E. Lee
-------------------------
Dwight E. Lee
General Partner
Dated: November 24, 1998
<PAGE> 13
CUSIP No. 71921H406 13D Page 13 of 19 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement with respect
to the undersigned is true, complete and correct.
UPLAND ASSOCIATES L.P.
By: /s/ Dwight E. Lee
------------------------
Dwight E. Lee
General Partner
Dated: November 24, 1998
<PAGE> 14
CUSIP No. 71921H406 13D Page 14 of 19 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement with respect
to the undersigned is true, complete and correct.
NAMAKAGON ASSOCIATES, L.P.
By: /s/ Dwight E. Lee
------------------------
Dwight E. Lee
General Partner
Dated: November 24, 1998
<PAGE> 15
CUSIP No. 71921H406 13D Page 15 of 19 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement with respect
to the undersigned is true, complete and correct.
/s/ Dwight E. Lee
----------------------
Dwight E. Lee
Dated: November 24, 1998
<PAGE> 16
CUSIP No. 71921H406 13D Page 16 of 19 Pages
APPENDIX A
<TABLE>
<CAPTION>
NAME AND CITIZENSHIP OF GENERAL
PARTNER, EXECUTIVE
REPORTING PERSON OFFICER OR DIRECTOR BUSINESS ADDRESS PRINCIPAL OCCUPATION
- ---------------- ------------------- ---------------- --------------------
<S> <C> <C> <C>
BARKER, LEE Robert R. Barker 530 Fifth Avenue Investment Manager
General Partner (U.S.A.) New York, NY 10036
Dwight E. Lee 530 Fifth Avenue Investment Manager
General Partner (U.S.A.) New York, NY 10036
W. Benjamin Barker Data Race CEO
General Partner (U.S.A.) 11550 IH-10 West
Suite 395
San Antonio, TX 78230
BARKER FOUNDATION Robert R. Barker 530 Fifth Avenue Investment Manager
President and Director (U.S.A.) New York, NY 10036
W. Benjamin Barker Data Race CEO
Vice President and Director (U.S.A.) 11550 IH-10 West
Suite 395
San Antonio, TX 78230
Dwight E. Lee 530 Fifth Avenue Investment Manager
Vice President and Director (U.S.A.) New York, NY 10036
Robert P. Connor Rockefeller & Co. Director of Client Services
Treasurer and Director (U.S.A.) & Asst. 30 Rockefeller Plaza, 54th Floor
Secretary New York, NY 10112
</TABLE>
<PAGE> 17
CUSIP No. 71921H406 13D Page 17 of 19 Pages
<TABLE>
<CAPTION>
NAME AND CITIZENSHIP OF GENERAL
PARTNER, EXECUTIVE
REPORTING PERSON OFFICER OR DIRECTOR BUSINESS ADDRESS PRINCIPAL OCCUPATION
- ---------------- ------------------- ---------------- --------------------
<S> <C> <C> <C>
Maureen Hopkins 530 Fifth Avenue Office Manager
Admin. Secretary (U.S.A.) New York, NY 10036
Donna Rosario 530 Fifth Avenue Controller
Asst. Treasurer (U.S.A.) New York, NY 10036
Ann Barker P.O. Box 408 Teacher
Director (U.S.A.) East Middlebury, VT 05740
Margaret W. Barker Clark Box 96 Teacher
Director (U.S.A.) Grafton, VT 05146
Margaret S. Barker 11310 Spicewood Club Drive #19 Computer Software
Director (U.S.A.) Austin, TX 78750-2868
John W. Holman, Jr. 17 State Street Investment Manager
Director (U.S.A.) New York, NY 10004
Richard Kahn 224 West Lake Drive Retired Attorney
Director (U.S.A.) Montauk, NY 11954
QUAKER HILL Dwight E. Lee 530 Fifth Avenue Investment Manager
General Partner (U.S.A.) New York, NY 10036
UPLAND Robert R. Barker 530 Fifth Avenue Investment Manager
General Partner (U.S.A.) New York, NY 10036
Dwight E. Lee 530 Fifth Avenue Investment Manager
General Partner (U.S.A.) New York, NY 10036
</TABLE>
<PAGE> 18
CUSIP No. 71921H406 13D Page 18 of 19 Pages
<TABLE>
<CAPTION>
NAME AND CITIZENSHIP OF GENERAL
PARTNER, EXECUTIVE
REPORTING PERSON OFFICER OR DIRECTOR BUSINESS ADDRESS PRINCIPAL OCCUPATION
- ---------------- ------------------- ---------------- --------------------
<S> <C> <C> <C>
NAMAKAGON Robert R. Barker 530 Fifth Avenue Investment Manager
General Partner (U.S.A.) New York, NY 10036
Dwight E. Lee 530 Fifth Avenue Investment Manager
General Partner (U.S.A.) New York, NY 10036
James R. Barker Thomson Financial Networks Computer Software
General Partner (U.S.A.) 11 Farnsworth
Boston, MA 02210
DWIGHT E. LEE Dwight E. Lee 530 Fifth Avenue Investment Manager
Individual (U.S.A.) New York, NY 10036
</TABLE>
<PAGE> 19
CUSIP No. 71921H406 13D Page 19 of 19 Pages
APPENDIX B
Open Market Sale Transactions by Reporting Persons
in Shares of the Company's Stock
On November 18-19, 1998
<TABLE>
<CAPTION>
ENTITY DATE OF SALE NO. OF SHARES PRICE PER SHARE
- ------ ------------ ------------- ---------------
<S> <C> <C> <C>
BARKER LEE 11/18/98 71,000 $0.0711
11/19/98 153,300 $0.0625
BARKER FOUNDATION 11/18/98 60,500 $0.0711
11/19/98 111,600 $0.0625
QUAKER HILL 11/18/98 15,000 $0.0711
11/19/98 34,900 $0.0625
UPLAND 11/18/98 42,700 $0.0711
11/19/98 82,500 $0.0625
NAMAKAGON 11/18/98 110,800 $0.0711
11/19/98 227,200 $0.0625
</TABLE>
