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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Initial)*
OPTA FOOD INGREDIENTS, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of Class of Securities)
68381N105
- -------------------------------------------------------------------------------
(CUSIP Number)
PAUL H STEPHENS: ROBERTSON, STEPHENS & COMPANY, INCORPORATED
555 CALIFORNIA STREET, SUITE 2600, SAN FRANCISCO, CA 94104
(415) 781-9700
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
SEPTEMBER 17, 1997
- -------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and
is filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box / /.
Check the following box if a fee is being paid with the statement / /. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class. (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*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).
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 68381N105 Page 4 of 19 Pages
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Investment Management, L.P.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
OO (Working Capital of purchasing Funds)
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
563,600
BENEFICIALLY --------------------------------------------------
(8) SHARED VOTING POWER
OWNED 563,600 Includes shares held of record by
The Robertson Stephens Orphan Fund, L.P.,
of which Robertson, Stephens & Company, Inc.
is General Partner. Also includes shares
held of record by Robertson, Stephens &
Company Investment Management, L.P.
Robertson, Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Company Investment Management, L.P. Also
includes shares held of record by Robertson,
Stephens & Co., LLC, a registered broker
dealer, which makes a market in the issuer.
--------------------------------------------------
BY EACH (9 ) SOLE DISPOSITIVE POWER
563,600
REPORTING --------------------------------------------------
(10) SHARED DISPOSITIVE POWER
PERSON WITH 0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,600
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 68381N105 Page 5 of 19 Pages
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company, Inc.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
0
BENEFICIALLY --------------------------------------------------
(8) SHARED VOTING POWER
OWNED 563,600 Includes shares held of record by
The Robertson Stephens Orphan Fund, L.P.,
of which Robertson, Stephens & Company, Inc.
is General Partner. Also includes shares
held of record by Robertson, Stephens &
Company Investment Management, L.P.
Robertson, Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Company Investment Management, L.P. Also
includes shares held of record by Robertson,
Stephens & Co., LLC, a registered broker
dealer, which makes a market in the issuer.
--------------------------------------------------
BY EACH (9 ) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------
(10) SHARED DISPOSITIVE POWER
PERSON WITH 563,600
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,600
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 68381N105 Page 6 of 19 Pages
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Stephens
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
2,000
BENEFICIALLY --------------------------------------------------
(8) SHARED VOTING POWER
OWNED 563,600 Includes shares held of record by
The Robertson Stephens Orphan Fund, L.P.,
of which Robertson, Stephens & Company, Inc.
is General Partner. Also includes shares
held of record by Robertson, Stephens &
Company Investment Management, L.P.
Robertson, Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Company Investment Management, L.P. Also
includes shares held of record by Robertson,
Stephens & Co., LLC, a registered broker
dealer, which makes a market in the issuer.
--------------------------------------------------
BY EACH (9 ) SOLE DISPOSITIVE POWER
2,000
REPORTING --------------------------------------------------
(10) SHARED DISPOSITIVE POWER
PERSON WITH 563,600
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,600
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 68381N105 Page 7 of 19 Pages
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sanford Robertson
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
7,892
BENEFICIALLY --------------------------------------------------
(8) SHARED VOTING POWER
OWNED 563,600 Includes shares held of record by
The Robertson Stephens Orphan Fund, L.P.,
of which Robertson, Stephens & Company, Inc.
is General Partner. Also includes shares
held of record by Robertson, Stephens &
Company Investment Management, L.P.
Robertson, Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Company Investment Management, L.P. Also
includes shares held of record by Robertson,
Stephens & Co., LLC, a registered broker
dealer, which makes a market in the issuer.
--------------------------------------------------
BY EACH (9 ) SOLE DISPOSITIVE POWER
7,892
REPORTING --------------------------------------------------
(10) SHARED DISPOSITIVE POWER
PERSON WITH 563,600
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
571,492
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 68381N105 Page 8 of 19 Pages
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael G. McCaffery
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
3,156
BENEFICIALLY --------------------------------------------------
(8) SHARED VOTING POWER
OWNED 563,600 Includes shares held of record by
The Robertson Stephens Orphan Fund, L.P.,
of which Robertson, Stephens & Company, Inc.
is General Partner. Also includes shares
held of record by Robertson, Stephens &
Company Investment Management, L.P.
Robertson, Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Company Investment Management, L.P. Also
includes shares held of record by Robertson,
Stephens & Co., LLC, a registered broker
dealer, which makes a market in the issuer.
--------------------------------------------------
BY EACH (9 ) SOLE DISPOSITIVE POWER
3,156
REPORTING --------------------------------------------------
(10) SHARED DISPOSITIVE POWER
PERSON WITH 563,600
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
566,756
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 68381N105 Page 9 of 19 Pages
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G. Randy Hecht
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
1,578
BENEFICIALLY --------------------------------------------------
(8) SHARED VOTING POWER
OWNED 563,600 Includes shares held of record by
The Robertson Stephens Orphan Fund, L.P.,
of which Robertson, Stephens & Company, Inc.
is General Partner. Also includes shares
held of record by Robertson, Stephens &
Company Investment Management, L.P.
Robertson, Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Company Investment Management, L.P. Also
includes shares held of record by Robertson,
Stephens & Co., LLC, a registered broker
dealer, which makes a market in the issuer.
--------------------------------------------------
BY EACH (9 ) SOLE DISPOSITIVE POWER
1,578
REPORTING --------------------------------------------------
(10) SHARED DISPOSITIVE POWER
PERSON WITH 563,600
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,178
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 68381N105 Page 10 of 19 Pages
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth R. Fitzsimmons
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
0
BENEFICIALLY --------------------------------------------------
(8) SHARED VOTING POWER
OWNED 563,600 Includes shares held of record by
The Robertson Stephens Orphan Fund, L.P.,
of which Robertson, Stephens & Company, Inc.
is General Partner. Also includes shares
held of record by Robertson, Stephens &
Company Investment Management, L.P.
Robertson, Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Company Investment Management, L.P. Also
includes shares held of record by Robertson,
Stephens & Co., LLC, a registered broker
dealer, which makes a market in the issuer.
--------------------------------------------------
BY EACH (9 ) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------
(10) SHARED DISPOSITIVE POWER
PERSON WITH 563,600
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,600
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION
<PAGE>
ITEM 1: SECURITY AND ISSUER.
This Schedule 13D is filed with respect to the Common Stock of Opta
Food Ingredients Inc. (the "Company") 64 Sidney Street, Fifth Floor,
Cambridge, MA 02139.
ITEM 2: IDENTITY AND BACKGROUND.
This Schedule 13D is filed on behalf of Robertson, Stephens &
Company Investment Management, L.P. ("Investment Adviser"), Robertson,
Stephens & Company, LLC ("RS&Co., LLC"), Robertson, Stephens & Company, Inc.
("RS&Co., Inc."), and Robertson, Stephens & Company, Inc.'s five shareholders,
Messrs. Sanford R. Robertson, Paul H. Stephens, Michael G. McCaffery, G. Randy
Hecht, and Kenneth R. Fitzsimmons.
This Schedule 13D relates to the direct beneficial ownership in the
shares of the Company held by The Robertson Stephens Orphan Offshore Fund,
L.P. (Offshore), The Robertson Stephens MicroCap Growth Fund (MicroCap), The
Robertson Stephens Global Low-Priced Stock Fund (Low-Priced), WIlliam L.
Searle (Searle), DWS Associates (DWS), Inc., Louis B. Hager (Hager), Mary
Thomas (Thomas), Alice Holbrook (Holbrook), Phillips Exeter Academy
(Phillips), The Robertson Stephens Orphan Fund (Orphan), L.P., and the
indirect beneficial ownership of Bayview Investors (Bayview), Ltd., and
RS&Co., Inc. in the shares of the Company OSCI that RS&Co., Inc. may be
deemed to beneficially own, are included in this Schedule 13D for protective
disclosure purposes only, and shall not be deemed by their inclusion in this
Schedule 13D to have made any admission that any such person has any
beneficial interest in such shares.
Set forth below is the following information with respect to the
persons signing this Schedule 13D: name; place of organization; address of
principal business and office; principal business; information concerning
criminal convictions during the past five years; and information concerning
civil or administrative proceedings during the past five years with respect
to any state or federal securities laws.
I. (a) Investment Adviser is a California Limited partnership. The
General Partner of Investment Adviser, is RS&Co., Inc.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership, Investment Banking.
II. (a) RS&Co., Inc. is a California Corporation. RS&Co., Inc. is the
General Partner of Investment Adviser, and the Robertson Stephens
Orphan Fund, L.P.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Corporation, Investment Banking.
<PAGE>
III. (a) RS&Co., LLC. is a Delaware Limited Liability Company.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Liability Company, Broker-Dealer, Investment Banking
IV. (a) Paul H. Stephens.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Paul H. Stephens is Managing Director and Chief Investment Officer,
and a shareholder, of RS&Co., Inc.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
V. (a) Sanford R. Robertson.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Sanford R. Robertson is the Chairman of, and a shareholder, of
RS&Co., Inc.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VI. (a) Michael G. McCaffery.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Michael G. McCaffery is the President and Chief Executive Officer,
and a shareholder, of RS&Co., Inc.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VII. (a) G. Randy Hecht.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) G. Randy Hecht is the Executive Vice President, Chief Operating
Officer, and a shareholder of RS&Co., Inc.
<PAGE>
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VIII. (a) Kenneth R. Fitzsimmons.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Kenneth R. Fitzsimmons is the Managing Director, Director of
Capital Markets, and a shareholder of RS&Co., Inc.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
IX. (a) Offshore is a Cayman Islands limited partnership.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) investment in securities
X. (a) MicroCap is a Massachusetts Business Trust.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) registered investment company
XI. (a) Low-Priced is a Massachusetts Business Trust
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) registered investment company
XII. (a) Searle
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) private trust
XIII. (a) Hager
<PAGE>
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) private trust
XIV. (a) Thomas
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) private trust
XV. (a) Holbrook
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) private trust
XVI. (a) Phillips
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) private trust
XVII. (a) Orphan is a California limited partnership. Investment Adviser
and Bayview Investors, Ltd., are the general partners.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) investments in securities
XVIII.(a) Bayview Investors, Ltd., A California Limited Partnership. The
General Partner of Bayview Investors, Ltd. is Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership, Investment Fund.
ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
The securities with respect to which this Schedule 13D is filed
were purchased by the Fund using working capital contributed by their
respective partners.
ITEM 4: PURPOSE OF TRANSACTION:
<PAGE>
The securities with respect to which this Schedule 13D is filed
were purchased by the Fund in the ordinary course of investment and
not with the intention nor effect of changing or influencing control
of the Issuer. The reporting persons may sell all or part or acquire
additional securities of the Issuer depending on market conditions
and other economic factors.
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER.
(a)(b) The aggregate number and percentage of the class of
securities identified pursuant to Item 1 of this Schedule 13D that
are beneficially owned by the persons listed in Item 2 are as
follows:
No. of Shares
Name of Beneficially Percentage of
Beneficial Owner(1) Owned Class(2)
-------------------------------------------------------------------------
Orphan 314,100 2.8%
Offshore 70,000 .6%
MicroCap 85,000 .8%
Low-Priced 50,000 .5%
Bayview Investors, Ltd. 314,100 2.8%
MicroCap 85,000 .08%
Searle 7,000 .06%
Thomas 3,800 .03%
Holbrook 3,900 .04%
DWS 6,900 .06%
Phillips 17,300 .2%
Hager 4,000 .04%
Investment Adviser 563,600 5.1%
RS&Co., Inc. 563,600 5.1%
RS&Co., LLC 563,600 5.1%
Paul H. Stephens 564,000 5.1%
Sanford R. Robertson 569,892 5.2%
Michael G. McCaffery 565,156 5.1%
G. Randy Hecht 563,578 5.1%
Kenneth R. Fitzsimmons 563,600 5.1%
(1) As noted in the cover pages, which are incorporated by reference,
certain of the reporting parties may be deemed to have beneficial
ownership of holdings of the Funds due to their management of portfolio
investments for the Funds, or due to their ownership of entities which
provide such management.
(2) Based on 11,077,635 shares as reported in Company's Quarterly Report on
10-Q for the quarter ended June 30, 1997, pursuant to Rule 13d-1(e).
Robertson, Stephens & Company, LLC acts as a market maker in the Issuer's
securities and from time to time in the ordinary course of business
acquires securities of the Issuer.
The following is a list of transactions that have occurred in the past
60 days:
<PAGE>
Entity Date Shares Price Transaction
- ------ ---- ------ ----- -----------
Orphan Offshore 8/12/97 6,900 6.50 Open Market Buy
Fund
MicroCap Growth 8/29/97 8,700 5.63 Open Market Buy
Alice Holbrook 8/29/97 400 5.63 Open Market Buy
Louis B. Hager 8/29/97 400 5.63 Open Market Buy
DWS Associates 8/29/97 600 5.63 Open Market Buy
Mary Thomas 8/29/97 400 5.63 Open Market Buy
Phillips Exeter 8/29/97 1,600 5.63 Open Market Buy
Academy
William L. Searle 8/29/97 600 5.63 Open Market Buy
MicroCap Growth 9/03/97 10,000 5.90 Open Market Buy
MicroCap Growth 9/15/97 22,000 6.00 Open Market Buy
MicroCap Growth 9/17/97 10,000 5.75 Open Market Buy
MicroCap Growth 9/18/97 5,000 6.00 Open Market Buy
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Please refer to Item 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following exhibits are filed herewith:
Exhibit A - Agreement of Joint Filing
<PAGE>
ITEM 8. SIGNATURE PAGE.
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: September 29, 1997
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P., A., A
CALIFORNIA LIMITED PARTNERSHIP.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, INC., A CALIFORNIA
CORPORATION.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, LLC, A DELAWARE LIMITED
LIABILITY COMPANY.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS ORPHAN OFFSHORE FUND, L.P., A CAYMAN
ISLANDS LIMITED PARTNERSHIP.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
<PAGE>
THE ROBERTSON STEPHENS MICROCAP GROWTH FUND, A
MASSACHUSETTS BUSINESS TRUST.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS GLOBAL LOW-PRICED STOCK FUND, A
MASSACHUSETTS BUSINESS TRUST.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
WILLIAM L. SEARLE, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
DWS ASSOCIATES, INC., A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
LOUIS BUSCH HAGER, JR., A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
<PAGE>
MARY THOMAS, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ALICE HOLBROOK, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
PHILLIPS EXETER ACADEMY, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS ORPHAN FUND, L.P., A CALIFORNIA LIMITED
PARTNERSHIP.*
By Robertson Stephens & Company Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
BAYVIEW INVESTORS LTD., A CALIFORNIA LIMITED PARTNERSHIP.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
<PAGE>
Sanford R. Robertson*
--------------------------------------------------------
Sanford R. Robertson
Michael G. McCaffery*
--------------------------------------------------------
Michael G. McCaffery
G. Randy Hecht*
--------------------------------------------------------
G. Randy Hecht
Kenneth R. Fitzsimmons*
--------------------------------------------------------
Kenneth R. Fitzsimmons
*By
----------------------------------
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
<PAGE>
EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant
to Rule 13d-1(f)(1) of the Act of the Statement dated September 29, 1997
containing the information required by Schedule 13D, for the Common Stock of
Opta Food Ingredients held by The Robertson Stephens Orphan Fund, L.P.,
Bayview Investors Ltd., Robertson, Stephens & Company Investment Management,
L.P., and Robertson, Stephens & Company Investment Management, Inc.
Date: September 29, 1997
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P., A.,
CALIFORNIA LIMITED PARTNERSHIP.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, INC., A CALIFORNIA CORPORATION.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, LLC, A DELAWARE LIMITED
LIABILITY COMPANY.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS ORPHAN OFFSHORE FUND, L.P., A CAYMAN ISLANDS
LIMITED PARTNERSHIP.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
<PAGE>
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS MICROCAP GROWTH FUND, A MASSACHUSETTS
BUSINESS TRUST.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS GLOBAL LOW-PRICED STOCK FUND, A
MASSACHUSETTS BUSINESS TRUST.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
WILLIAM L. SEARLE, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
DWS ASSOCIATES, INC., A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
<PAGE>
LOUIS BUSCH HAGER, JR., A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
MARY THOMAS, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ALICE HOLBROOK, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
PHILLIPS EXETER ACADEMY, A PRIVATE TRUST
By Robertson Stephens & Company Investment Management, L.P.
By Robertson, Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS ORPHAN FUND, L.P., A CALIFORNIA LIMITED
PARTNERSHIP.*
By Robertson Stephens & Company, Inc.
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
BAYVIEW INVESTORS LTD., A CALIFORNIA LIMITED PARTNERSHIP.*
By Robertson Stephens & Company Investment Management, L.P.
By Robertson Stephens & Company, Inc.
<PAGE>
By: Paul H. Stephens*
--------------------------------------------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
*By
----------------------------------
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
