<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. Three )*
---------------
NEW WEST EYEWORKS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
649156106
(CUSIP Number)
* 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).
(Continued on following pages)
Page 1 of 14 pages
<PAGE>
CUSIP No. 649156106 13G Page 2 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW FINANCIAL HOLDINGS, INC.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 1,637,487 <F1>
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 17,689 <F2>
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 1,637,487 <F1>
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
17,689 <F2>
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,655,176 <F1>
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
37.6%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
__________________
<F1> Indirectly held through Mesirow Capital Partners II, Mesirow Capital
Partners III, Mesirow Capital Partners IV, Mesirow Capital Partners V
and Mesirow Capital Partners VI.
<F2> These shares are owned by Flag Partners. Mr. Sutter is a general
partner in Flag Partners.
<PAGE>
CUSIP No. 649156106 13G Page 3 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS II
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ---------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 230,685
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 230,685
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
230,685
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 649156106 13G Page 4 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS III
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ---------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 239,887
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 239,887
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
239,887
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 649156106 13G Page 5 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS IV
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ---------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 205,571
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 205,571
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,571
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 649156106 13G Page 6 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS V
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ---------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 384,053
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 384,053
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
384,053
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.0%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 649156106 13G Page 7 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS VI
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- ---------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 576,491
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 576,491
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
576,491
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.8%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 649156106 13G Page 8 of 14 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William P. Sutter, Jr.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 800 1/<F3>
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 16,889 2/<F4>
REPORTING ---------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 800 1/<F3>
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
16,889 2/<F4>
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,689
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.8%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
____________________
<F3>
1/ Mr. Sutter is an officer of the corporate general partners of Mesirow
Capital Partners II, Mesirow Capital Partners, III, Mesirow Capital
Partners IV, Mesirow Capital Partners V and Mesirow Capital Partners
VI. Mr. Sutter holds these shares as custodian for his children.
<F4>
2/ These shares are owned by Flag Partners. Mr. Sutter is a general
partner in Flag Partners.
<PAGE>
Item 1(a) Name of Issuer:
New West Eyeworks, Inc.
(b) Address of Issuer's Principal Executive Offices:
2104 West Southern Avenue
Tempe, Arizona 85282
Item 2(a) Name of Person Filing:
The shares reported herein are held by Mesirow
Capital Partners II, Mesirow Capital Partners III,
Mesirow Capital Partners IV, Mesirow Capital Partners
V, Mesirow Capital Partners VI and William P. Sutter,
Jr., an officer of the corporate general partners of
these entities, as custodian for his children and as a
general partner of Flag Partners. This filing is
also made on behalf of Mesirow Financial Holdings,
Inc., which is the ultimate parent corporation
of (i) Mesirow Financial Services, Inc., which
is the corporate general partner of each of
Mesirow Capital Partners II, Mesirow Capital Partners
III, Mesirow Capital Partners IV and Mesirow Capital
Partners VI and (ii) Mesirow Private Equity
Investments, Inc., which is the corporate general
partner of Mesirow Capital Partners V. The persons
on behalf of whom this Schedule 13G is being filed
are represented on the Board of Directors of the
Issuer by Mr. Sutter.
(b) Address of Principal Business Office:
The address of the principal business office of each
of the above-named persons is:
350 North Clark Street
Chicago, Illinois 60610
(c) Citizenship:
Mesirow Financial Holdings, Inc. is a Delaware
corporation. Each of Mesirow Capital Partners II,
Mesirow Capital Partners III, Mesirow Capital
Partners IV, Mesirow Capital Partners V and Mesirow
Capital Partners VI is an Illinois limited
partnership. Mr. Sutter is a citizen of the United
States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
649156106
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the
Act
(b) ( ) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19) of
the Act
(d) ( ) Investment Company registered under Section 8 of the
Investment Company Act
Page 9 of 14 pages
(e) ( ) Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940
(f) ( ) Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund
(g) ( ) Parent Holding Company, in accordance with 240.13d-1
(b)(1)(ii)(G)
(h) ( ) Group, in accordance with 240.13d-1 (b)(1)(ii)(H)
Item 4 Ownership*
(a) Amount Beneficially Owned** 1,655,176 shares
---------------------
(b) Percent of Class 37.6%***
--------------------
(c) Number of shares as to which such person has:***
(i) Sole power to vote
or to direct the vote 1,637,487 shares
--------------------------
(ii) Shared power to vote
or to direct the vote 17,689 shares
--------------------------
(iii) Sole power to dispose or
to direct the
disposition of 1,637,487 shares
---------------------------
(iv) Shared power to dispose
or to direct the
disposition of 17,689 shares
---------------------------
* The beneficial ownership figures set forth in response to this Item 4
combine holdings separately reported on the cover pages hereof by
each of the persons named in response to Item 1(a) above. Beneficial
ownership of the same shares may be shared between the persons named
above.
** The filing of this Schedule 13G shall not be construed as an
admission that such person is, for the purposes of Section 13(d) and
13(g) of the Securities Exchange Act of 1934, the beneficial owner of
any securities covered by this statement. Mr. Sutter is an officer
of the corporate managing general partner of each of Mesirow Capital
Partners II, Mesirow Capital Partners III, Mesirow Capital Partners
IV, Mesirow Capital Partners V and Mesirow Capital Partners VI. Mr.
Sutter disclaims beneficial ownership of such shares.
*** The number of shares reported as being beneficially owned under Item
4(a) may be less than the aggregate number of shares being reported
in Item 4(c) since more than one of the indices of beneficial
ownership specified in Item 4(c) may be present with respect to the
same shares deemed to be beneficially owned.
Page 10 of 14 pages
<PAGE>
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 the
class of securities, check the following .
Item 6 Ownership of More than Five Percent on Behalf of Another
Person
To the best of our knowledge, we are unaware of any other
person having the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the
sale of, such securities.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company.
See Exhibit B attached.
Item 8 Identification and Classification of Members of the Group
The attached Exhibit A states the identity of each member
of the group filing this Schedule 13G.
Item 9 Notice of Dissolution of Group
NOT APPLICABLE
------------------------------------
Item 10 Certification
NOT APPLICABLE
------------------------------------
Page 11 of 14 pages
<PAGE>
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.
* * * * * * * * *
Dated: February 14, 1997 MESIROW FINANCIAL HOLDINGS, INC.
By /s/ James C. Tyree
James C. Tyree
Chairman and Chief Executive Officer
MESIROW CAPITAL PARTNERS II MESIROW CAPITAL PARTNERS III
By: Mesirow Financial Services, By: Mesirow Financial Services,
Inc., Its General Partner Inc., Its General Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Vice President
MESIROW CAPITAL PARTNERS IV MESIROW CAPITAL PARTNERS V
By: Mesirow Financial Services, By: Mesirow Private Equity
Inc., Its General Partner Investments, Inc., Its General
Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Executive Vice President
MESIROW CAPITAL PARTNERS VI
By: Mesirow Financial Services,
Inc., Its General Partner
By /s/ William P. Sutter, Jr. /s/ William P. Sutter, Jr.
William P. Sutter, Jr. WILLIAM P. SUTTER, JR.
Vice President
Page 12 of 14 pages
<PAGE>
EXHIBIT A
The undersigned, MESIROW FINANCIAL HOLDINGS, INC., a Delaware
corporation, MESIROW CAPITAL PARTNERS II, an Illinois limited partnership,
MESIROW CAPITAL PARTNERS III, an Illinois limited partnership, MESIROW
CAPITAL PARTNERS IV, an Illinois limited partnership, MESIROW CAPITAL
PARTNERS V, an Illinois limited partnership, MESIROW CAPITAL PARTNERS VI,
an Illinois limited partnership and WILLIAM P. SUTTER, JR. hereby agree
that this 13G to which this Agreement is attached as an exhibit is filed on
behalf of each of them.
Dated: February 14, 1996 MESIROW FINANCIAL HOLDINGS, INC.
By /s/ James C. Tyree
James C. Tyree
Chairman and Chief Executive Officer
MESIROW CAPITAL PARTNERS II MESIROW CAPITAL PARTNERS III
By: Mesirow Financial Services, By: Mesirow Financial Services,
Inc., Its General Partner Inc., Its General Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Vice President
MESIROW CAPITAL PARTNERS IV MESIROW CAPITAL PARTNERS V
By: Mesirow Financial Services, By: Mesirow Private Equity
Inc., Its General Partner Investments, Inc., Its General
Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Executive Vice President
MESIROW CAPITAL PARTNERS VI
By: Mesirow Financial Services,
Inc., Its General Partner
By /s/ William P. Sutter, Jr. /s/ William P. Sutter, Jr.
William P. Sutter, Jr. WILLIAM P. SUTTER, JR.
Vice President
Page 13 of 14 pages
<PAGE>
EXHIBIT B
Identification of the Subsidiaries to which this filing relates is
Mesirow Financial Services, Inc. and Mesirow Private Equity Investments,
Inc., as further described in response to Item 2(a).
Page 14 of 14 pages
