FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287|
|EXPIRES: |
| DECEMBER 31, 2001 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
Sunrise Capital Partners, L.P.
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(Last) (First) (Middle)
685 Third Avenue, 15th Floor
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(Street)
New York NY 10017
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
NEXIQ Technologies (NEXQ: OTC)
(formerly known as WPI Group, Inc. (WPIC: OTC))
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3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
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4. Statement for Month/Year
November 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director
( X) 10% Owner
( ) Officer (give title below)
( ) Other (specify title below)
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7. Individual, or Joint/Group Filing (Check Applicable Line)
( X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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1. Title of Security (Instr. 3)
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2. Transaction Date (Month/Day/Year)
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3. Transaction Code (Instr. 8)(1)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)(1)
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5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 3)
(i) Common Stock Purchase Warrant
(ii) Convertible Subordinated Notes due 2003
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2. Conversion or Exercise Price of Derivative Security
(i) $1.75
(ii) $1.75
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3. Transaction Date (Month/Day/Year)
(i) 11/16/00
(ii) 11/16/00
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4. Transaction Code (Instr. 8)
(i) P
(ii) P
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(i) 520,368
(ii) $4,644,280 face value
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6. Date Exercisable and Expiration Date (Month/Day/Year)
(i) 11/16/00 11/16/05
(ii) 11/16/00 11/16/03
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Date Exercisable Expiration Date
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
(i) Common Stock 520,368
(ii) Common Stock 2,653,875
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Title Amount or Number of Shares
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8. Price of Derivative Securities (Instr. 5)
(i) $0.40
(ii) $4,436,132.80 in aggregate
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
(i) 1,828,572
(ii) $16,320,000
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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
(i) D
(ii) D
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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EXPLANATION OF RESPONSES:
SUNRISE ADVISORS, LLC, as General Partner
By: /s/ Joseph Julian 12/4/00
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** SIGNATURE OF REPORTING PERSON DATE
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** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY
SIGNED. IF SPACE IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE.
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB NUMBER.
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