<PAGE> 1
Page 1 of 17
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20459
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
RIBOZYME PHARMACEUTICALS, INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)
76256710-5
(CUSIP Number of Class of Securities)
Thomas A. Mann
4920 Commerce Parkway
Warrensville Heights, OH 44128
with a copy to:
Warren Goldenberg, Esq.
3300 BP America Bldg.
200 Public Square
Cleveland, Ohio 44114
(216) 621-0150
(Name, address and telephone number of persons
authorized to receive notices and communications
on behalf of person(s) filing statement)
NOVEMBER 4, 1996
(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-l(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 fore 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).
(Continued on following page(s))
Page 1 of 17 Pages
Exhibit Index on Page 16
<PAGE> 2
Page 2 of 17
CUSIP No. 76256710-5
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF REPORTING PERSON
THOMAS A. MANN -- SSN####-##-####
- ------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 389,614
OWNED BY EACH
REPORTING PERSON -------------------------------------------------------------------------------------------------
WITH 8. SHARED VOTING POWER
-0-
-------------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
389,614
-------------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
389,614
- ------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
- ------------------------------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
Page 3 of 17
CUSIP No. 76256710-5
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF REPORTING PERSON
A.P. VENTURE I CORP. -- EIN# 25-1540691
- ------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ------------------------------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 148,289
OWNED BY EACH
REPORTING PERSON -------------------------------------------------------------------------------------------------
WITH 8. SHARED VOTING POWER
-0-
-------------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
148,289
-------------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
148,289
- ------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- ------------------------------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
Page 4 of 17
CUSIP No. 76256710-5
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF REPORTING PERSON
AMHERST COLLEGE -- TAX ID# 04-2103542
- ------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
MASSACHUSETTS
- ------------------------------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 18,424
OWNED BY EACH
REPORTING PERSON -------------------------------------------------------------------------------------------------
WITH 8. SHARED VOTING POWER
-0-
-------------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
18,424
-------------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,424
- ------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- ------------------------------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
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CUSIP No. 76256710-5
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF REPORTING PERSON
SOLWAY INVESTMENTS LIMITED -- TAX ID#: N/A
- ------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
BRITISH VIRGIN ISLANDS
- ------------------------------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 16,197
OWNED BY EACH
REPORTING PERSON -------------------------------------------------------------------------------------------------
WITH 8. SHARED VOTING POWER
-0-
-------------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
16,197
-------------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,197
- ------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- ------------------------------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
Page 6 of 17
CUSIP No. 76256710-5
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF REPORTING PERSON
PINE STREET PARTNERS II -- TAX ID# 22-3085234
- ------------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- ------------------------------------------------------------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW JERSEY
- ------------------------------------------------------------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY 16,197
OWNED BY EACH
REPORTING PERSON -------------------------------------------------------------------------------------------------
WITH 8. SHARED VOTING POWER
-0-
-------------------------------------------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
16,197
-------------------------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- ------------------------------------------------------------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,197
- ------------------------------------------------------------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- ------------------------------------------------------------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
Page 7 of 17
AMENDMENT NO. 1 TO
SCHEDULE 13D
This Amendment No. 1 to Schedule 13D is filed on behalf of Thomas A.
Mann, AP Venture I Corp., a Delaware corporation ("APVI"), the Trustees of
Amherst College, a Massachusetts non-profit corporation ("Amherst College"),
Solway Investments Limited, a British Virgin Islands corporation ("Solway") and
Pine Street Partners II, a New Jersey general partnership (the "Partnership")
(all of the foregoing persons and entities are hereinafter referred to jointly
as the "Reporting Persons"). This Amendment No. 1 to Schedule 13D is filed on
behalf of the Reporting Persons relative to transactions in certain common
stock, $0.01 par value per share (the "Common Stock"), issued by Ribozyme
Pharmaceuticals, Inc., a corporation organized under the laws of the State of
Delaware (the "Issuer").
ITEM 2. IDENTITY AND BACKGROUND.
Item 2. is amended and supplemented by the deletion of paragraph (2)
describing Robert A. Mann. Mr. Mann terminated his participation in the
coordination of possible sales of all or some portion of the shares of the
Common Stock held by the Reporting Persons and ceased to be a Reporting Person
by delivery of a letter to Thomas A. Mann on November 4, 1996 in accordance with
the terms of that certain Joint Filing Agreement dated October 16, 1996 among
the Reporting Persons.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended and supplemented as follows:
(The number of issued and outstanding shares of Common Stock upon which
the various percentages set forth in this amended statement on Schedule 13D are
based does not include any outstanding securities convertible into Common Stock
or any shares of Common Stock subject to any outstanding options.)
(a) (i) Thomas A. Mann is the beneficial owner of 389,614 shares
of Common Stock, which constitute 5.6% of the 6,916,004 shares of Common Stock
issued and outstanding as of November 1, 1996.
(ii) As described in Item 2 above, Robert A. Mann ceased to be
a Reporting Person on November 4, 1996.
(iii) APVI is the beneficial owner of 148,289 shares of Common
Stock, which constitute 2.1% of the 6,916,004 shares of Common Stock issued and
outstanding as of November 1, 1996.
(iv) Amherst College is the beneficial owner of 18,424 shares
of Common Stock, which constitute 0.3% of the 6,916,004 shares of Common Stock
issued and outstanding as of November 1, 1996.
<PAGE> 8
Page 8 of 17
(v) Solway is the beneficial owner of 16,197 shares of Common
Stock, which constitute 0.2% of the 6,916,004 shares of Common Stock issued and
outstanding as of November 1, 1996.
(vi) The Partnership is the beneficial owner of 16,197 shares
of Common Stock, which constitute 0.2% of the 6,916,004 shares of Common Stock
issued and outstanding as of November 1, 1996.
None of the Related Parties, considered individually, owns beneficially
any shares of Common Stock. However, the Related Parties may, by virtue of their
respective positions with the Reporting Persons, may be deemed to own
beneficially (as that terms is defined in Rule 13d- 3 of the Securities Exchange
Act of 1934, as amended) the shares of Common Stock reported as owned
beneficially by the Reporting Person to which such Related Party is related.
* * * *
<PAGE> 9
Page 9 of 17
(c) Since the filing of the Statement on Schedule 13D on
October 17, 1996, the Reporting Persons have effected the following transactions
(the broker for each of these transactions was Montgomery Securities, Inc.)
<TABLE>
<CAPTION>
=======================================================================================================================
No. of
Party Transaction Date Shares Price
----- ----------- ---- ------ -----
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Thomas A. Mann Sale 10/18/96 3,900 $10.4375
- -----------------------------------------------------------------------------------------------------------------------
APVI Sale 10/18/96 1,400 $10.4375
- -----------------------------------------------------------------------------------------------------------------------
Solway Sale 10/18/96 400 $10.4375
- -----------------------------------------------------------------------------------------------------------------------
The Partnership Sale 10/18/96 400 $10.4375
- -----------------------------------------------------------------------------------------------------------------------
Amherst Sale 10/18/96 400 $10.4375
- -----------------------------------------------------------------------------------------------------------------------
Robert A. Mann(1) Sale 10/18/96 1,000 $10.4375
- -----------------------------------------------------------------------------------------------------------------------
Thomas A. Mann Sale 10/22/96 3,900 $10.1900
- -----------------------------------------------------------------------------------------------------------------------
APVI Sale 10/22/96 1,400 $10.1900
- -----------------------------------------------------------------------------------------------------------------------
Solway Sale 10/22/96 400 $10.1900
- -----------------------------------------------------------------------------------------------------------------------
The Partnership Sale 10/22/96 400 $10.1900
- -----------------------------------------------------------------------------------------------------------------------
Amherst Sale 10/22/96 400 $10.1900
- -----------------------------------------------------------------------------------------------------------------------
Robert A. Mann(1) Sale 10/22/96 1,000 $10.1900
- -----------------------------------------------------------------------------------------------------------------------
Thomas A. Mann Sale 10/24/96 4,500 $ 9.9400
- -----------------------------------------------------------------------------------------------------------------------
APVI Sale 10/24/96 1,700 $ 9.9400
- -----------------------------------------------------------------------------------------------------------------------
Robert A. Mann(1) Sale 10/24/96 1,300 $ 9.9400
- -----------------------------------------------------------------------------------------------------------------------
Thomas A. Mann Sale 10/25/96 1,600 $10.0953
- -----------------------------------------------------------------------------------------------------------------------
APVI Sale 10/25/96 1,000 $10.0953
- -----------------------------------------------------------------------------------------------------------------------
Robert A. Mann(1) Sale 10/25/96 700 $10.0953
=======================================================================================================================
- --------
<FN>
(1) Robert A. Mann terminated his participation in the coordination of
possible sales of all or some portion of the Common Stock held by the Reporting
Persons, and ceased to be a Reporting Person, by delivery of a letter to Thomas
A. Mann on November 4, 1996 in accordance with the terms of that certain Joint
Filing Agreement dated October 16, 1996 among the Reporting Persons.
</TABLE>
<PAGE> 10
Page 10 of 17
ITEM 7. MATERIAL FILED AS EXHIBITS.
Item 7. is amended and supplemented as follows:
Exhibit 5 Letter dated November 4, 1996 from Robert A. Mann to Thomas A. Mann
notifying the Reporting Persons of his intention to terminate his
participation in the coordination of possible sales of all or some
portion of the shares of the Common Stock held by the Reporting
Persons and to cease to be a Reporting Person.
<PAGE> 11
Page 11 of 17
SCHEDULE 13D
SIGNATURE PAGE
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
DATED: November 12, 1996 /s/ Thomas A. Mann
----------------------------
Thomas A. Mann, individually
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
Thomas A. Mann his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments to this Statement on
Schedule 13D, and to file same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact, agent or
their substitutes may lawfully do or cause to be done by virtue hereof.
DATED: November 12, 1996 /s/ Thomas A. Mann
----------------------------
Thomas A. Mann, individually
<PAGE> 12
Page 12 of 17
SCHEDULE 13D
SIGNATURE PAGE
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
DATED: November 13, 1996 A.P. VENTURE I. CORP.
By: /s/ Robert Paul
----------------------------
Robert Paul, President
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
Thomas A. Mann his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments to this Statement on
Schedule 13D, and to file same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact, agent or
their substitutes may lawfully do or cause to be done by virtue hereof.
DATED: November 13, 1996 A.P. VENTURE I. CORP.
By: /s/ Robert Paul
----------------------------
Robert Paul, President
<PAGE> 13
Page 13 of 17
SCHEDULE 13D
SIGNATURE PAGE
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
DATED: November 12, 1996 TRUSTEES OF AMHERST COLLEGE
By: /s/ Sharon G. Siegel
---------------------------
Sharon G. Siegel, Treasurer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
Thomas A. Mann his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments to this Statement on
Schedule 13D, and to file same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact, agent or
their substitutes may lawfully do or cause to be done by virtue hereof.
DATED: November 12, 1996 TRUSTEES OF AMHERST COLLEGE
By: /s/ Sharon G. Siegel
---------------------------
Sharon G. Siegel, Treasurer
<PAGE> 14
Page 14 of 17
SCHEDULE 13D
SIGNATURE PAGE
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
DATED: November 12, 1996 SOLWAY INVESTMENTS LIMITED
By: /s/ Bob Bernard
-----------------------
Bob Bernard, Agent
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
Thomas A. Mann his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments to this Statement on
Schedule 13D, and to file same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact, agent or
their substitutes may lawfully do or cause to be done by virtue hereof.
DATED: November 12, 1996 SOLWAY INVESTMENTS LIMITED
By: /s/ Bob Bernard
-----------------------
Bob Bernard, Agent
<PAGE> 15
Page 15 of 17
SCHEDULE 13D
SIGNATURE PAGE
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
DATED: November 12, 1996 PINE STREET PARTNERS II
By: /s/ Vicki S. Abrams
--------------------------------
Vicki S. Abrams, general partner
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
Thomas A. Mann his true and lawful attorney-in-fact and agent, with full power
of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments to this Statement on
Schedule 13D, and to file same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact, agent or
their substitutes may lawfully do or cause to be done by virtue hereof.
DATED: November 12, 1996 PINE STREET PARTNERS II
By: /s/ Vicki S. Abrams
--------------------------------
Vicki S. Abrams, general partner
<PAGE> 16
Page 16 of 17
EXHIBIT INDEX
-------------
<TABLE>
<CAPTION>
Exhibit Description Page
- ------- ----------- ----
<S> <C> <C>
Exhibit 5 Letter dated November 4, 1996 from Robert A. 17
Mann to Thomas A. Mann notifying the Reporting
Persons of his intention to terminate his participation
in the coordination of possible sales of all or some
portion of the shares of the Common Stock held by
the Reporting Persons and to cease to be a
Reporting Person.
</TABLE>
<PAGE> 1
Page 17 of 17
Exhibit 5
Robert A. Mann
26300 Cedar Road
Beachwood, Ohio 44122
November 4, 1996
Mr. Thomas A. Mann
Thomas A. Mann, Inc.
4920 Commerce Parkway
Warrensville Hts., Ohio 44128
RE: NOTICE OF WITHDRAWAL FROM GROUP
Dear Tom:
Pursuant to the terms of that certain Joint Filing Agreement made as of
the 16th day of October, 1996 by and among the persons identified thereon, this
letter will serve to notify each of the parties to that Agreement that I hereby
terminate my participation in the manners contemplated therein. My withdrawal
from the activities of this group is effective immediately.
Very truly yours,
/s/ Robert A. Mann
Robert A. Mann
