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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Insurance Auto Auctions, Inc.
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(Name of Issuer
Common Stock, $0.0001 Par Value
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(Title of Class of Securities)
457875-10-2
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(CUSIP Number)
April 1, 1998
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(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed: [X] Rule 13d-(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
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 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).
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SCHEDULE 13G
CUSIP NO. 457875-10-2 PAGE 2 OF 8 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Peak Investment Limited Partnership
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -------------------------------------------------------------------------------
(5) SOLE VOTING POWER 780,200
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER -0-
OWNED BY
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER 780,200
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER -0-
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 780,200
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.90%
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(12) TYPE OF REPORTING PERSON* PN
- -------------------------------------------------------------------------------
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SCHEDULE 13G
CUSIP NO. 457875-10-2 PAGE 3 OF 8 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Peak Management, Inc.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [X]
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts
- -------------------------------------------------------------------------------
(5) SOLE VOTING POWER -0-
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 780,200
OWNED BY
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER -0-
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER 780,200
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 780,200
*As General Partner of Peak Investment Limited Partnership
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1,016,500
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON* CO
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SCHEDULE 13G
CUSIP NO. 457875-10-2 PAGE 4 OF 8 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Peter H. Kamin
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION United States
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(5) SOLE VOTING POWER 114,100
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 902,400
OWNED BY
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER 114,100
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER 902,400
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,016,500
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.99%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON* IN
- -------------------------------------------------------------------------------
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PAGE 5 OF 8 PAGES
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THIS SCHEDULE 13G AMENDS AND REPLACES THAT CERTAIN SCHEDULE 13D FILED
ON BEHALF OF THE FILING PERSONS NAMED HEREIN ON JULY 3, 1997
ITEM 1.
(a) Name of Issuer: INSURANCE AUTO AUCTIONS, INC.
(b) Address of Issuer's Principal Executive Offices:
850 EAST ALGONQUIN ROAD, SUITE 100,
SCHAUMBURG, IL 60173
ITEM 2.
(a) Name of Persons Filing:
(b) Address of Principal Business Office or, if none, Residence:
(c) Citizenship:
Peter H. Kamin
One Financial Center, Suite 1600
Boston, MA 02111
(United States Citizen)
Peak Investment Limited Partnership
One Financial Center, Suite 1600
Boston, MA 02111
(Delaware limited partnership)
Peak Management, Inc.
One Financial Center, Suite 1600
Boston, MA 02111
(Massachusetts corporation)
(d) Title of Class of Securities: COMMON STOCK, $0.01 PAR VALUE
(e) CUSIP Number: 457875-10-2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 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 of 1940
(e) [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act or under the laws of any State
(f) [ ] Employee Benefit Plan, Pension fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see sec.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company or Control Person, in accordance with
sec.240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] A Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act
(i) [ ] A Church Plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act of 1940
(j) [ ] Group, in accordance with sec.240.13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to sec.240.13d-1(c), check this box [X].
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PAGE 6 OF 8 PAGES
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ITEM 4. OWNERSHIP
Provide the following information as of that date and identify those shares
which there is a right to acquire.
PETER H. KAMIN*
(a) Amount Beneficially Owned: 1,016,500
(b) Percent of Class: 8.99%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 114,100
(ii) shared power to vote or to direct the vote: 902,400
(iii) sole power to dispose or to direct the disposition of: 114,100
(iv) shared power to dispose or to direct the disposition of: 902,400
PEAK INVESTMENT LIMITED PARTNERSHIP
(a) Amount Beneficially Owned: 780,200
(b) Percent of Class: 6.90%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 780,200
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 780,200
(iv) shared power to dispose or to direct the disposition of: 0
PEAK MANAGEMENT, INC.
(a) Amount Beneficially Owned: 780,200
(b) Percent of Class: 6.90%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 780,200
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 780,200
(iv) shared power to dispose or to direct the disposition of: 0
*SHARES REPORTED FOR PETER H. KAMIN INCLUDE SHARES OVER WHICH HE EXERCISES SOLE
VOTING AND DISPOSITIVE POWER FOR THE BENEFIT OF HIS CHILDREN AND FOR CERTAIN
MANAGED ACCOUNTS PURSUANT TO THE TERMS OF INVESTMENT ADVISORY AGREEMENTS BETWEEN
HIMSELF AND EACH OF SUCH MANAGED ACCOUNTS.
Instruction: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
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 [ ].
Instruction: Dissolution of a group requires a response to this item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Shares reported for Peter H. Kamin include shares over which he exercises
sole voting and dispositive power for the benefit of his children and for
certain Managed Accounts pursuant to the terms of investment advisory agreements
between himself and each of such Managed Accounts.
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PAGE 7 OF 8 PAGES
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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
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
ITEM 10. CERTIFICATION
By signing below, I certify that, to the best of my knowledge and belief,
the securities referred to above 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.
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PAGE 8 OF 8 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I hereby
certify that the information set forth in this statement is true, complete and
correct.
April 13, 1998
-----------------------------------
Date
PEAK INVESTMENT LIMITED PARTNERSHIP
By: Peak Management, Inc.
Its Sole General Partner
By: /s/Peter H. Kamin
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Peter H. Kamin, President
PEAK MANAGEMENT, INC.
By: /s/Peter H. Kamin
-------------------------------
Peter H. Kamin, President
/s/Peter H. Kamin
-----------------------------------
Peter H. Kamin, Individually
