<PAGE>
------------------------------
OMB APPROVAL
------------------------------
OMB Number: 3235-0145
Expires: October 31, 2002
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------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Section 240.13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO SECTION 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
SECTION 240.13d-2(a)
(Amendment No. _________)1
Impac Commercial Holdings, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
44968J106
--------------------------------------------------------------------------------
(CUSIP Number)
Mark C. Wehrly
Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(415) 421-2132
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 14th, 2000
--------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 13d-1(f) or 240.13d-1(g), check
the following box [ ].
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 to whom copies are to be sent.
(Continued on following Pages)
Page 1 of 36 Pages
Exhibit Index Found on Page 35
--------
1 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 1 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, is a beneficial owner only of the securities
reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 98,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
98,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 2 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, is a beneficial owner only of the securities
reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 73,800
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
73,800
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,800
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 3 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, is a beneficial owner only of the securities
reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,900
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,900
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,900
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 4 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, is a beneficial owner only of the securities
reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 33,400
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
33,400
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,400
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 5 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, is a beneficial owner only of the securities
reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
WC, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 6,300
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
6,300
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,300
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-------------===================================================================
Page 6 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 150,600
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
150,600
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,600
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IA, OO
-------------===================================================================
Page 7 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Partners, L.L.C.
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 222,500
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
222,500
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
222,500
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------===================================================================
Page 8 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-------------===================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
------------------------------------============================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 9 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 10 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 11 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 12 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 13 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 14 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 15 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 16 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 17 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 18 of 36 Pages
<PAGE>
13D
====================
CUSIP No. 44968J106
====================
-------------===================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
-------------===================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate
of 373,100 Shares, which is 5.9 % of the class of
securities. The reporting person on this cover page,
however, may be deemed a beneficial owner only of the
securities reported by it on this cover page.
-------------===================================================================
3 SEC USE ONLY
-------------===================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-------------===================================================================
5 CHECK 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 7 SOLE VOTING POWER
SHARES -0-
----------============================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 373,100
----------============================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------============================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
373,100
------------------------------------============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,100
-------------===================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-------------===================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9 %
-------------===================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-------------===================================================================
Page 19 of 36 Pages
<PAGE>
Item 1. Security And Issuer.
------ -------------------
This statement relates to shares of Common Stock, par value $0.01 per share
(the "Shares") of Impac Commercial Holdings, Inc. (the "Company"). The Company's
principal offices are located at 1301 Avenue of the Americas, 42nd Floor, New
York, New York 10019.
Item 2. Identity And Background.
------ -----------------------
(a) This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
The Partnerships
(i) Farallon Capital Partners, L.P., a California limited
partnership ("FCP"), with respect to the Shares held by it;
(ii) Farallon Capital Institutional Partners, L.P., a California
limited partnership ("FCIP"), with respect to the Shares
held by it;
(iii)Farallon Capital Institutional Partners II, L.P., a
California limited partnership ("FCIP II"), with respect to
the Shares held by it;
(iv) Farallon Capital Institutional Partners III, L.P., a
Delaware limited partnership ("FCIP III"), with respect to
the Shares held by it; and
(v) Tinicum Partners, L.P., a New York limited partnership
("Tinicum"), with respect to the Shares held by it.
FCP, FCIP, FCIP II, FCIP III and Tinicum are together referred to
herein as the "Partnerships."
The Management Company
(vi) Farallon Capital Management, L.L.C., a Delaware limited
liability company (the "Management Company"), with respect
to the Shares held by certain accounts managed by the
Management Company (the "Managed Accounts").2
--------
2Of the Shares reported by the Management Company on behalf of the
Managed Accounts, 2,500 Shares (equal to approximately 0.04% of the total
Shares currently outstanding) are held by The Absolute Return Fund of The
Common Fund, a non-profit corporation whose principal address is 450 Post
Road East, Westport, Connecticut 06881.
Page 20 of 36 Pages
<PAGE>
The General Partner Of The Partnerships
(vii)Farallon Partners, L.L.C., a Delaware limited liability
company which is the general partner of each of the
Partnerships (the "General Partner"), with respect to the
Shares held by each of the Partnerships.
The Managing Members Of The General Partner And The Management Company
(viii) The following eleven persons who are managing members of
both the General Partner and the Management Company, with
respect to the Shares held by the Partnerships and the
Managed Accounts: Enrique H. Boilini ("Boilini"), David I.
Cohen ("Cohen"), Joseph F. Downes ("Downes"), William F.
Duhamel ("Duhamel"), Andrew B. Fremder ("Fremder"), Richard
B. Fried ("Fried"), William F. Mellin ("Mellin"), Stephen L.
Millham ("Millham"), Meridee A. Moore ("Moore"), Thomas F.
Steyer ("Steyer") and Mark C. Wehrly ("Wehrly").
Boilini, Cohen, Downes, Duhamel, Fremder, Fried, Mellin, Millham,
Moore, Steyer and Wehrly are together referred to herein as the "Individual
Reporting Persons."
(b) The address of the principal business and principal office of (i) the
Partnerships, the General Partner and the Management Company is One Maritime
Plaza, Suite 1325, San Francisco, California 94111 and (ii) each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(c) The principal business of each of the Partnerships is that of a private
investment fund engaging in the purchase and sale of investments for its own
account. The principal business of the General Partner is to act as the general
partner of the Partnerships. The principal business of the Management Company is
that of a registered investment adviser. The principal business of each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(d) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
party to a civil proceeding of
Page 21 of 36 Pages
<PAGE>
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) The citizenship of each of the Partnerships, the General Partner and
the Management Company is set forth above. Each of the Individual Reporting
Persons is a United States citizen other than Enrique H. Boilini who is an
Argentinean citizen.
The other information required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.
Item 3. Source And Amount Of Funds And Other Consideration.
-----------------------------------------------------------
The net investment cost (including commissions) for the Shares held by each
of the Partnerships and Managed Accounts is set forth below:
Entity Shares Held Approximate Net Investment Cost
------ ----------- -------------------------------
FCP 98,100 $539,299.32
FCIP 73,800 $407,427.04
FCIP II 10,900 $59,923.90
FCIP III 33,400 $182,933.43
Tinicum 6,300 $34,686.23
Managed
Accounts 150,600 $824,160.58
The consideration for such acquisitions was obtained as follows: (i) with
respect to FCIP, FCIP II and FCIP III, from working capital; (ii) with respect
to FCP and Tinicum, from working capital and/or from borrowings pursuant to
margin accounts maintained in the ordinary course of business by FCP and Tinicum
at Goldman, Sachs & Co.; and (iii) with respect to the Managed Accounts, from
the working capital of each Managed Account and/or from borrowings pursuant to
margin accounts maintained in the ordinary course of business by some of the
Managed Accounts at
Page 22 of 36 Pages
<PAGE>
Goldman, Sachs & Co. FCP, Tinicum and some of the Managed Accounts hold certain
securities in their respective margin accounts at Goldman, Sachs & Co., and the
accounts may from time to time have debit balances. It is not possible to
determine the amount of borrowings, if any, used to acquire the Shares.
Item 4. Purpose Of The Transaction.
------- --------------------------
The purpose of the acquisition of the Shares is for investment, and the
acquisitions of the Shares by each of the Partnerships and the Managed Accounts
were made in the ordinary course of business and were not made for the purpose
of acquiring control of the Company.
Although no Reporting Person has any specific plan or proposal to acquire
or dispose of Shares, consistent with its investment purpose, each Reporting
Person at any time and from time to time may acquire additional Shares or
dispose of any or all of its Shares depending upon an ongoing evaluation of the
investment in the Shares, prevailing market conditions, other investment
opportunities, liquidity requirements of the Reporting Person and/or other
investment considerations. No Reporting Person has made a determination
regarding a maximum or minimum number of Shares which it may hold at any point
in time.
Also, consistent with their investment intent, the Reporting Persons may
engage in communications with one or more shareholders of the Company, one or
more officers of the Company and/or one or more members of the board of
directors of the Company and/or potential investors in the Company regarding the
Company, including but not limited to its operations.
Except to the extent the foregoing may be deemed a plan or proposal, none
of the Reporting Persons has any plans or proposals which relate to, or could
result in, any of the matters referred to in paragraphs (a) through (j),
inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting
Page 23 of 36 Pages
<PAGE>
Persons may, at any time and from time to time, review or reconsider their
position and/or change their purpose and/or formulate plans or proposals with
respect thereto. Item 5. Interest In Securities Of The Issuer.
(a) The Partnerships
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Partnership is incorporated
herein by reference for each such Partnership. The
percentage amount set forth in Row 13 for all cover pages
filed herewith as well as Footnote Two hereto is calculated
based upon the 6,317,177 Shares outstanding as of August 10,
2000 as reported by the Company in its Quarterly Report on
Form 10-Q for the period ended June 30, 2000 filed with the
Securities and Exchange Commission on August 14, 2000.
(c) The trade dates, number of Shares purchased or sold and the
price per Share (including commissions) for all purchases
and sales of the Shares by the Partnerships in the past 60
days are set forth on Schedules A-E hereto and are
incorporated herein by reference. All of such transactions
were open-market transactions.
(d) The General Partner has the power to direct the affairs of
the Partnerships, including the disposition of the proceeds
of the sale of the Shares. The Individual Reporting Persons
are managing members of the General Partner.
(e) Not applicable.
(b) The Management Company
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the Management Company is incorporated
herein by reference.
(c) The trade dates, number of Shares purchased or sold and the
price per Share (including commissions) for all purchases
and sales of the Shares by the Management Company on behalf
of the Managed Accounts in the past 60 days are set forth on
Schedule F hereto and are incorporated herein by reference.
All of such transactions were open-market transactions
(d) The Management Company, as an investment adviser, has the
power to direct the disposition of the proceeds of the sale
of the Shares held by the Managed Accounts. The Individual
Reporting Persons are managing members of the Management
Company.
(e) Not applicable.
Page 24 of 36 Pages
<PAGE>
(c) The General Partner
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for the General Partner is incorporated
herein by reference.
(c) None.
(d) The General Partner has the power to direct the affairs of
the Partnerships, in cluding the disposition of the proceeds
of the sale of the Shares. The Individual Reporting Persons
are managing members of the General Partner.
(e) Not applicable.
(d) The Individual Reporting Persons
(a),(b) The information set forth in Rows 7 through 13 of the
cover page hereto for each Individual Reporting Person is
incorporated herein by reference for each such Individual
Reporting Person.
(c) None.
(d) The General Partner has the power to direct the affairs of
the Partnerships, in cluding the disposition of the proceeds
of the sale of the Shares. The Management Company, as an
investment adviser, has the power to direct the disposition
of the proceeds of the sale of the Shares held by the
Managed Ac counts. The Individual Reporting Persons are
managing members of the General Partner. The Individual
Reporting Persons are managing members of the Management
Company.
(e) Not applicable.
The Shares reported hereby for the Partnerships are owned directly by the
Partnerships and those reported by the Management Company on behalf of the
Managed Accounts are owned directly by the Managed Accounts. The General
Partner, as general partner to the Partnerships, may be deemed to be the
beneficial owner of all such Shares owned by the Partnerships. The Management
Company, as investment adviser to the Managed Accounts, may be deemed to be the
beneficial owner of all such Shares owned by the Managed Accounts. The
Individual Reporting Persons, as managing members of both the General Partner
and the Management Company, may each be deemed to be the beneficial owner of all
such Shares held by the Partnerships and the Managed Accounts. Each of the
Management Company, the General Partner and the Individual Reporting Persons
hereby disclaims any beneficial ownership of any such Shares.
Page 25 of 36 Pages
<PAGE>
Item 6. Contracts, Arrangements, Understandings Or
------
Relationships With Respect To Securities Of The Issuer.
------------------------------------------------------
Except as described above, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons
or between such persons and any other person with respect to any securities of
the Company, including but not limited to transfer or voting of any securities
of the Company, finder's fees, joint ventures, loan or option arrangements, puts
or calls, guarantees of profits, divisions of profits or loss, or the giving or
withholding of proxies.
Item 7. Materials To Be Filed As Exhibits.
------ ---------------------------------
There is filed herewith as Exhibit 1 a written agreement relating to the
filing of joint acquisition statements as required by Section 240.13d-1(k) under
the Securities Exchange Act of 1934, as amended.
Page 26 of 36 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 23, 2000
/s/ David I. Cohen
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
And TINICUM PARTNERS, L.P.,
By David I. Cohen,
Managing Member
/s/ David I. Cohen
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By David I. Cohen,
Managing Member
/s/ David I. Cohen
----------------------------------------
David I. Cohen, individually and as attorney-in-fact
for each of Enrique H. Boilini, Joseph F. Downes,
William F. Duhamel, Andrew B. Fremder,
Richard B. Fried, William F. Mellin,
Stephen L. Millham, Meridee A. Moore,
Thomas F. Steyer and Mark C. Wehrly.
The Powers of Attorney, each executed by Boilini, Downes, Fremder, Mellin,
Millham, Moore and Steyer authorizing Cohen to sign and file this Schedule 13D
on each person's behalf, which were filed with Amendment No. 5 to the Schedule
13D filed with the Securities and Exchange Commission on February 2, 1998, by
such Reporting Persons with respect to the Units of Axogen Limited, are hereby
incorporated by reference. The Powers of Attorney, each executed by Duhamel and
Fried authorizing Cohen to sign and file this Schedule 13D on each person's
behalf, which were filed with Amendment No. 2 to the Schedule 13D filed with the
Securities and Exchange Commission on February 22, 1999 by such Reporting
Persons with respect to the Common Stock of SEQUUS Pharmaceuticals, Inc., are
hereby incorporated by reference. The Power of Attorney executed by Mark C.
Wehrly authorizing Cohen to sign and file this Schedule 13D on his behalf, which
was filed with Amendment No. 5 to the Schedule 13D filed with the Securities and
Exchange Commission on January 31, 2000, by such Reporting Person with respect
to the Class A Common Stock of Momentum Business Applications, Inc., is hereby
incorporated by reference.
Page 27 of 36 Pages
<PAGE>
ANNEX 1
Set forth below with respect to the Management Company and the General
Partner is the following information: (a) name; (b) address; (c) principal
business; (d) state of organization; and (e) controlling persons. Set forth
below with respect to each managing member of the Management Company and the
General Partner is the following: (a) name; (b) business address; (c) principal
occupation; and (d) citizenship.
1. The Management Company
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as investment adviser to various managed accounts
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F.
Duhamel, Andrew B. Fremder, Richard B. Fried, William F. Mellin,
Stephen L. Millham, Meridee A. Moore and Mark C. Wehrly, Managing
Members.
2. The General Partner
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as general partner to investment partnerships
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F.
Duhamel, Fleur E. Fairman, Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham, Meridee A. Moore and Mark
C. Wehrly, Managing Members.
3. The Individual Reporting Persons/The Managing Members
Except as stated below, each of the Managing Members (including the
Individual Reporting Persons) is a United States citizen whose business
address is c/o Farallon Capital Management, L.L.C., One Maritime Plaza,
Suite 1325, San Francisco, California 94111. Enrique H. Boilini is an
Argentinean citizen whose business address is c/o Farallon Capital
Management, L.L.C., 75 Holly Hill Lane, Greenwich, Connecticut 06830.
The principal occupation of Thomas F. Steyer is serving as senior
managing member of the Management Company and the General Partner. The
principal occupation of each other Managing Member is serving as a
managing member of the Management Company and/or the General Partner.
None of the Managing Members (including the Individual Reporting
Persons) have any additional information to disclose with respect to
Items 2-6 of the Schedule 13D that is not already disclosed in the
Schedule 13D.
Page 28 of 36 Pages
<PAGE>
SCHEDULE A
FARALLON CAPITAL PARTNERS, L.P.
-------------------------------
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- ----------
06-28-00 1,100 (P) $5.77
06-29-00 1,100 (P) $5.77
06-30-00 100 (P) $5.77
07-03-00 200 (P) $5.77
07-05-00 100 (P) $5.77
07-06-00 1,600 (P) $5.77
07-07-00 1,600 (P) $5.77
07-10-00 2,100 (P) $5.77
07-11-00 1,200 (P) $5.77
Page 29 of 36 Pages
<PAGE>
SCHEDULE B
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.
---------------------------------------------
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- ----------
06-28-00 1,300 (P) $5.77
06-29-00 1,200 (P) $5.77
06-30-00 100 (P) $5.77
07-03-00 200 (P) $5.77
07-05-00 100 (P) $5.77
07-06-00 1,800 (P) $5.77
07-07-00 1,900 (P) $5.77
07-10-00 2,200 (P) $5.77
07-11-00 1,300 (P) $5.77
Page 30 of 36 Pages
<PAGE>
SCHEDULE C
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
------------------------------------------------
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- ----------
06-28-00 200 (P) $5.77
06-29-00 100 (P) $5.77
07-06-00 200 (P) $5.77
07-07-00 200 (P) $5.77
07-10-00 200 (P) $5.77
07-11-00 100 (P) $5.77
Page 31 of 36 Pages
<PAGE>
SCHEDULE D
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.
-------------------------------------------------
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- ----------
06-28-00 200 (P) $5.77
06-29-00 200 (P) $5.77
07-06-00 300 (P) $5.77
07-07-00 300 (P) $5.77
07-10-00 300 (P) $5.77
07-11-00 200 (P) $5.77
Page 32 of 36 Pages
<PAGE>
SCHEDULE E
TINICUM PARTNERS, L.P.
----------------------
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- ----------
06-28-00 100 (P) $5.77
06-29-00 100 (P) $5.77
07-06-00 100 (P) $5.77
07-07-00 100 (P) $5.77
07-10-00 100 (P) $5.77
07-11-00 100 (P) $5.77
Page 33 of 36 Pages
<PAGE>
SCHEDULE F
FARALLON CAPITAL MANAGEMENT, L.L.C.
-----------------------------------
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
------------ --------------- ----------
06-29-00 1,800 (P) $5.77
06-30-00 100 (P) $5.77
07-03-00 300 (P) $5.77
07-05-00 200 (P) $5.77
07-07-00 100 (P) $5.77
07-10-00 100 (P) $5.77
06-29-00 200 (P) $5.77
Page 34 of 36 Pages
<PAGE>
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to Section
240.13d1(k)
Page 35 of 36 Pages
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EXHIBIT 1
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13d-1(k)
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The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: August 23, 2000
/s/ David I. Cohen
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FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
And TINICUM PARTNERS, L.P.,
By David I. Cohen,
Managing Member
/s/ David I. Cohen
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FARALLON CAPITAL MANAGEMENT, L.L.C.,
By David I. Cohen,
Managing Member
/s/ David I. Cohen
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David I. Cohen, individually and as attorney-in-fact
for each of Enrique H. Boilini, Joseph F. Downes,
William F. Duhamel, Andrew B. Fremder,
Richard B. Fried, William F. Mellin,
Stephen L. Millham, Meridee A. Moore,
Thomas F. Steyer and Mark C. Wehrly.
Page 36 of 36 Pages
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