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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number: 3235-0145
Expires: August 31, 1999
Estimated average burden hours per response 14.90
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
CFI PROSERVICES, INC.
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
12525N100
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(CUSIP Number)
August 13, 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:
/ / Rule 13d-1(b)
/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 the
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).
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 CONTROL NUMBER.
Page 1 of 14 pages
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CUSIP No. 12525N100
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Levine Leichtman Capital Partners II, L.P.
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization California
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Number of 5. Sole Voting Power 0
Shares ----------------------------------------------------------------
Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8)
Owned by ----------------------------------------------------------------
Each 7. Sole Dispositive Power 0
Reporting ----------------------------------------------------------------
Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
289,299 (See Items 4 and 8)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) (See Item 4)
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11. Percent of Class Represented by Amount in Row (9) 5.26%
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12. Type of Reporting Person (See Instructions)
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PN
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Page 2 of 14 pages
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CUSIP No. 12525N100
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LLCP California Equity Partners II, L.P.
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization California
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Number of 5. Sole Voting Power 0
Shares ----------------------------------------------------------------
Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8)
Owned by ----------------------------------------------------------------
Each 7. Sole Dispositive Power 0
Reporting ----------------------------------------------------------------
Person With: 8. Shared Dispositive Power 298,299 (See Items 4 and 8)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
298,299 (See Items 4 and 8)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) (See Item 4)
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11. Percent of Class Represented by Amount in Row (9) 5.26%
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12. Type of Reporting Person (See Instructions)
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PN
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Page 3 of 14 pages
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CUSIP No. 12525N100
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Levine Leichtman Capital Partners, Inc.
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization California
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Number of 5. Sole Voting Power 0
Shares ----------------------------------------------------------------
Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8)
Owned by ----------------------------------------------------------------
Each 7. Sole Dispositive Power 0
Reporting ----------------------------------------------------------------
Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
289,299 (See Items 4 and 8)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) (See Item 4)
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11. Percent of Class Represented by Amount in Row (9) 5.26%
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12. Type of Reporting Person (See Instructions)
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CO
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Page 4 of 14 pages
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CUSIP No. 12525N100
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Arthur E. Levine
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization United States of America
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Number of 5. Sole Voting Power 0
Shares ----------------------------------------------------------------
Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8)
Owned by ----------------------------------------------------------------
Each 7. Sole Dispositive Power 0
Reporting ----------------------------------------------------------------
Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
289,299 (See Items 4 and 8)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) (See Item 4)
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11. Percent of Class Represented by Amount in Row (9) 5.26%
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12. Type of Reporting Person (See Instructions)
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IN
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Page 5 of 14 pages
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CUSIP No. 12525N100
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Lauren B. Leichtman
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
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3. SEC Use Only
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4. Citizenship or Place of Organization United States of America
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Number of 5. Sole Voting Power 0
Shares ----------------------------------------------------------------
Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8)
Owned by ----------------------------------------------------------------
Each 7. Sole Dispositive Power 0
Reporting ----------------------------------------------------------------
Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
289,299 (See Items 4 and 8)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) (See Item 4)
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11. Percent of Class Represented by Amount in Row (9) 5.26%
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12. Type of Reporting Person (See Instructions)
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IN
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Page 6 of 14 pages
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ITEM 1.
(a) Name of Issuer
CFI Proservices, Inc., an Oregon corporation
(b) Address of Issuer's Principal Executive Offices
400 SW Sixth Avenue
Suite 200
Portland, OR 97204
ITEM 2.
(a) Name of Person Filing
This Schedule 13G is being filed by Levine Leichtman Capital Partners
II, L.P., a California limited partnership, LLCP California Equity
Partners II, L.P., a California limited partnership, Levine Leichtman
Capital Partners, Inc., a California corporation, Arthur E. Levine and
Lauren B. Leichtman (collectively, the "Filing Persons"), pursuant to
a Joint Reporting Agreement dated August 23, 1999, a copy of which is
attached as EXHIBIT 2 hereto.
Mr. Levine is a director, the President and a shareholder of Levine
Leichtman Capital Partners, Inc. Ms. Leichtman is a director, the
Chief Executive Officer and a shareholder of Levine Leichtman Capital
Partners, Inc. Levine Leichtman Capital Partners, Inc. is the sole
general partner of LLCP California Equity Partners II, L.P., and LLCP
California Equity Partners II, L.P. is the sole general partner of
Levine Leichtman Capital Partners II, L.P.
(b) Address of Principal Business Office or, if none, Residence
335 North Maple Drive, Suite 240
Beverly Hills, CA 90210
(c) Citizenship
The responses of the Filing Persons to Item 4 of the cover pages to
this Schedule 13G that relate to the citizenship of such Filing Person
are hereby incorporated herein by this reference.
(d) Title of Class of Securities
Common Stock, no par value per share
(e) CUSIP Number
12525N100
Page 7 of 14 pages
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) / / Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) / / Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
(h) / / A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(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 (15 U.S.C. 80a-3);
(j) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned
On August 13, 1999, Levine Leichtman Capital Partners II, L.P., a
California limited partnership, acquired the right, exercisable at any
time, in whole or in part, to acquire an aggregate of 289,299 shares
of Common Stock, and, therefore, was deemed to be the beneficial owner
of such shares of Common Stock within the meaning of Rule
13d-3(d)(1)(i) promulgated under the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). Because of the relationships between
and among Levine Leichtman Capital Partners II, L.P. and the other
Filing Persons, each of the other Filing Persons may also be deemed to
be the beneficial owner of all or a portion of such shares of Common
Stock. Each of Arthur E. Levine and Lauren B. Leichtman disclaims
beneficial ownership of such shares of Common Stock, except to the
extent of his or her pecuniary interest therein.
(b) Percent of class
5.26%
Page 8 of 14 pages
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
The responses of the Filing Persons to Item 6 of the cover
pages to this Schedule 13G that relate to the shares of Common
Stock over which such Filing Persons have shared voting power
are hereby incorporated herein by this reference.
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
The responses of the Filing Persons to Item 8 of the cover
pages to this Schedule 13G that relate to the shares of Common
Stock over which such Filing Persons have shared dispositive
power are hereby incorporated herein by this reference.
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.
No person, other than the Filing Persons, has the right to receive or
the power to direct the receipt of dividends from, or the proceeds
from the sale of, the shares of Common Stock that are the subject of
this Schedule 13G.
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
The Filing Persons have filed this Schedule 13G as a group pursuant to
Rule 13d-1(k)(1) promulgated under the Exchange Act. The identity of
each member of the group is set forth in EXHIBIT 1 attached hereto.
The Filing Persons have entered into a Joint Reporting Agreement dated
August 23, 1999, a copy of which is attached as EXHIBIT 2 hereto,
pursuant to which they have agreed to file one joint statement on
behalf of all of them with respect to the subject matter of this
Schedule 13G.
Page 9 of 14 pages
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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.
Page 10 of 14 pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: August 23, 1999 LEVINE LEICHTMAN CAPITAL PARTNERS II, L.P., a
California limited partnership
By: LLCP California Equity Partners II, L.P., a
California limited partnership, its General Partner
By: Levine Leichtman Capital Partners, Inc., a
California corporation, its General Partner
By: /s/ Arthur E. Levine
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Arthur E. Levine, President
LLCP CALIFORNIA EQUITY PARTNERS II, L.P., a California
limited partnership
By: Levine Leichtman Capital Partners, Inc., a
California corporation, its General Partner
By: /s/ Arthur E. Levine
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Arthur E. Levine, President
LEVINE LEICHTMAN CAPITAL PARTNERS, INC., a California
corporation
By: /s/ Arthur E. Levine
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Arthur E. Levine, President
/s/ Arthur E. Levine
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ARTHUR E. LEVINE
/s/ Lauren B. Leichtman
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LAUREN B. LEICHTMAN
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 11 of 14 pages
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequentially
Exhibit Numbered
Number Description Page
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<S> <C> <C>
1 Identification of Members of the Group 13
2 Joint Reporting Agreement dated August 23, 1999 14
</TABLE>
Page 12 of 14 pages
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Exhibit 1
IDENTIFICATION OF MEMBERS OF THE GROUP
1. Levine Leichtman Capital Partners II, L.P., a California limited
partnership
2. LLCP California Equity Partners II, L.P., a California limited
partnership
3. Levine Leichtman Capital Partners, Inc., a California corporation
4. Arthur E. Levine
5. Lauren B. Leichtman
Page 13 of 14 pages
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Exhibit 2
JOINT REPORTING AGREEMENT
In consideration of the mutual covenants herein contained, each of the
parties hereto represents to and agrees with the other parties as follows:
1. Such party is eligible to file a statement on Schedule 13G
pertaining to the Common Stock, no par value per share, of CFI Proservices,
Inc., an Oregon corporation, to which this Joint Reporting Agreement is an
exhibit, for filing of the information contained herein.
2. Such party is responsible for timely filing of such statement
and any amendments thereto and for the completeness and accuracy of the
information concerning such party contained therein, PROVIDED that no such party
is responsible for the completeness or accuracy of the information concerning
any other party making the filing, unless such party knows or has reason to
believe that such information is inaccurate.
3. Such party agrees that such statement is filed by and on behalf
of each party and that any amendment thereto will be filed on behalf of each
such party.
Date: August 23, 1999 LEVINE LEICHTMAN CAPITAL PARTNERS II, L.P., a
California limited partnership
By: LLCP California Equity Partners II, L.P., a
California limited partnership, its General Partner
By: Levine Leichtman Capital Partners, Inc., a
California corporation, its General Partner
By: /s/ Arthur E. Levine
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Arthur E. Levine, President
LLCP CALIFORNIA EQUITY PARTNERS II, L.P., a California
limited partnership
By: Levine Leichtman Capital Partners, Inc., a
California corporation, its General Partner
By: /s/ Arthur E. Levine
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Arthur E. Levine, President
LEVINE LEICHTMAN CAPITAL PARTNERS, INC., a California
corporation
By: /s/ Arthur E. Levine
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Arthur E. Levine, President
/s/ Arthur E. Levine
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ARTHUR E. LEVINE
/s/ Lauren B. Leichtman
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LAUREN B. LEICHTMAN
Page 14 of 14 pages
