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EXHIBIT (a)(3)
NOTICE OF GUARANTEED DELIVERY
for
TENDER OF SHARES OF COMMON STOCK
of
Protocol Systems, Inc.
(Not to Be Used for Signature Guarantees)
As set forth in Section 2 of the Offer to Purchase (as defined below), this
form or its substantial equivalent must be used to accept the Offer (as
defined below) if certificates representing shares of common stock, par value
$.01 per share (together with the associated Rights, the "Shares"), of
Protocol Systems, Inc., an Oregon corporation (the "Company"), are not
immediately available or if the procedures for book-entry transfer cannot be
completed on a timely basis or time will not permit all required documents to
reach the Depositary prior to the Expiration Date (as defined in the Offer to
Purchase). Unless the context otherwise requires all references herein to the
Shares shall be deemed to include the aforementioned Rights, and all
references to the Rights include the benefits that may inure to holders of
Rights pursuant to the Rights Agreement (as defined in the Offer to Purchase).
This form may be delivered by hand to the Depositary or transmitted by
telegram, facsimile transmission or mail to the Depositary and must include a
guarantee by an Eligible Institution (as defined in the Offer to Purchase).
See Section 2 of the Offer to Purchase.
The Depositary:
[LOGO OF CHASEMELLON]
<TABLE>
<S> <C> <C>
ChaseMellon Shareholder ChaseMellon Shareholder ChaseMellon Shareholder
Services, L.L.C. Services, L.L.C. Services, L.L.C.
P.O. Box 3301 85 Challenger Road-- 120 Broadway, 13th Floor
South Hackensack, NJ 07606 Mail Drop--Reorg New York, NY 10271
Attention: Reorganization Ridgefield Park, NJ 07660 Attention: Reorganization
Department Attention: Reorganization Department
Department
</TABLE>
By Facsimile Transmission: (201) 296-4293
Confirm Facsimile Only: (201) 296-4860
Delivery of this Letter of Transmittal to an address other than as set
forth above or transmission via a facsimile transmission to a number other
than as set forth above will not constitute a valid delivery.
This form is not to be used to guarantee signatures. If a signature on a
Letter of Transmittal is required to be guaranteed by an Eligible Institution
under the instructions thereto, such signature guarantee must appear in the
applicable space provided in the signature box on the Letter of Transmittal.
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<PAGE>
Ladies and Gentlemen:
The undersigned hereby tenders to Welch Allyn Acquisition Corporation, an
Oregon corporation (the "Purchaser") and a wholly owned subsidiary of Welch
Allyn, Inc. ("Parent"), a New York corporation, upon the terms and subject to
the conditions set forth in the Purchaser's Offer to Purchase dated June 7,
2000 (the "Offer to Purchase"), and in the related Letter of Transmittal
(which, together with any amendments or supplements thereto, collectively
constitute the "Offer"), receipt of which is hereby acknowledged, the number
of Shares set forth below, all pursuant to the guaranteed delivery procedures
set forth in Section 2 of the Offer to Purchase.
Number of Shares ______________________________________________________________
Common Share Certificate Nos. (if available) __________________________________
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(Check box if Shares will be tendered by book-entry transfer)
[_]The Depository Trust Company
Account Number ________________________________________________________________
Transaction Code No. __________________________________________________________
Dated _________________________________________________________________________
Name(s) of Record Holder(s) ___________________________________________________
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Please Print
Address(es) ___________________________________________________________________
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(Zip Code)
Daytime Area Code & Tel. No. __________________________________________________
Signature(s) __________________________________________________________________
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<PAGE>
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a firm that is a participant in the Security Transfer
Agents Medallion Program, the New York Stock Exchange Guarantee Program or
the Stock Exchange Medallion Program hereby guarantees to deliver to the
Depositary either the certificates representing the Shares tendered
hereby, in proper form for transfer, or a Book-Entry Confirmation (as
defined in the Offer to Purchase) with respect to such Shares, in any such
case together with a properly completed and duly executed Letter of
Transmittal (or a facsimile thereof), with any required signature
guarantees, or an Agent's Message (as defined in the Offer to Purchase),
and any other required documents, within three trading days (as defined in
the Letter of Transmittal) after the date hereof.
The Eligible Institution that completes this form must communicate the
guarantee to the Depositary and must deliver the Letter of Transmittal and
certificates for Shares to the Depositary within the time period shown
herein. Failure to do so could result in a financial loss to such Eligible
Institution.
Name of Firm ______________________________________________________________
Address ___________________________________________________________________
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Zip Code
Area Code and Tel. No. ____________________________________________________
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Authorized Signature
Name ______________________________________________________________________
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(Please Type or Print)
Title _____________________________________________________________________
Dated _____________________________________________________________________
Note: do not send certificates for Shares with this notice. Certificates
for Shares should be sent with your Letter of Transmittal.
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