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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
INSURANCE AUTO AUCTIONS, INC.
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(Name of issuer)
COMMON STOCK, $0.001 PAR VALUE
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(Title of Class of Securities)
457875-10-2
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(Cusip Number)
December 31, 1999
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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-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
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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CUSIP NO. 457875-10-2 SCHEDULE 13G/A PAGE 2 OF 8 PAGES
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
Peak Investment Limited Partnership
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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
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5. SOLE VOTING POWER
481,200
NUMBER OF --------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 481,200
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8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
481,200
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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)
4.16%
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12. TYPE OF REPORTING PERSON*
PN
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CUSIP NO. 457875-10-2 SCHEDULE 13G/A PAGE 3 OF 8 PAGES
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
Peak Management, Inc.
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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
Massachusetts
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5. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 481,200
EACH --------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
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8. SHARED DISPOSITIVE POWER
481,200
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
481,200*
*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* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.16%
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12. TYPE OF REPORTING PERSON*
CO
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CUSIP NO. 457875-10-2 SCHEDULE 13G/A PAGE 4 OF 8 PAGES
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
Peter H. Kamin
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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
190,900
NUMBER OF --------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 481,200
EACH --------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH: 190,900
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8. SHARED DISPOSITIVE POWER
481,200
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
672,100
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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)
5.81%
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12. TYPE OF REPORTING PERSON*
IN
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PAGE 5 OF 8 PAGES
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THIS SCHEDULE 13G AMENDMENT IS BEING FILED PURSUANT TO THE ANNUAL UPDATE
REQUIREMENTS OF SECTION 240.13d-2(b) OF THE EXCHANGE ACT REGULATIONS.
ITEM 1.
(a) Name of Issuer: Insurance Auto Auctions, Inc.
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(b) Address of Issuer's Principal Executive Offices:
850 East Algonquin Road, Suite 100, Schaumburg, IL 60173
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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, $0.001 par value
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(e) CUSIP Number: 457875-10-2
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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 ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with ss.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 ss.240.13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Section 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: 672,100
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(b) Percent of Class: 5.81%
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(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote: 190,900
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(ii)shared power to vote or to direct the vote: 481,200
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(iii)sole power to dispose or to direct the disposition of: 190,900
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(iv) shared power to dispose or to direct the disposition of: 481,200
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PEAK INVESTMENT LIMITED PARTNERSHIP
(a) Amount Beneficially Owned: 481,200
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(b) Percent of Class: 4.16%
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(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote: 481,200
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(ii)shared power to vote or to direct the vote: 0
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(iii)sole power to dispose or to direct the disposition of: 481,200
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(iv) shared power to dispose or to direct the disposition of: 0
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PEAK MANAGEMENT, INC.**
(a) Amount Beneficially Owned: 481,200
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(b) Percent of Class: 4.16%
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(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote: 481,200
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(ii)shared power to vote or to direct the vote: 0
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(iii)sole power to dispose or to direct the disposition of: 481,200
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(iv) shared power to dispose or to direct the disposition of: 0
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*SHARES REPORTED FOR PETER H. KAMIN INCLUDE 35,900 SHARES OVER WHICH HE
EXERCISES SOLE VOTING AND DISPOSITIVE POWER FOR THE BENEFIT OF HIS CHILDREN AND
155,000 OVER WHICH HE EXERCISES SOLE VOTING AND DISPOSITIVIE POWER FOR CERTAIN
MANAGED ACCOUNTS PURSUANT TO THE TERMS OF INVESTMENT ADVISORY AGREEMENTS WITH
EACH OF SUCH MANAGED ACCOUNTS.
**SHARES REPORTED FOR PEAK MANAGEMENT, INC. ARE BENEFICIALLY OWNED BY PEAK
INVESTMENT LIMITED PARTNERSHIP OF WHICH PEAK MANAGEMENT, INC. IS THE SOLE
GENERAL PARTNER.
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
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.
Date: January 26, 2000
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
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Peter H. Kamin, President
/s/Peter H. Kamin
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Peter H. Kamin, Individually
