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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULE 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
PC SERVICE SOURCE, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01
(Title of Class of Securities)
693258-10-5
(CUSIP Number)
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Check the following box if a fee is being paid with this statement
[___]. (A fee is not required only if the filing 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.)
(CONTINUED ON FOLLOWING PAGE(S))
Page 1 of 5
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CUSIP NO. 693258-10-5
- ---------------------
- -------------------------------------------------------------------------------
1) Name of reporting persons
S.S. or I.R.S. identification number of above persons
Rosetta Stone Corporation
75-2511965
- -------------------------------------------------------------------------------
2) Check the appropriate box if a member of a group* (a)[___]
(b)[ X ]
---
- -------------------------------------------------------------------------------
3) SEC use only
- -------------------------------------------------------------------------------
4) Citizenship or place of organization
Delaware
- -------------------------------------------------------------------------------
5) Sole voting power - 1,465,500
Number of Shares
Beneficially ---------------------------------------------------
Owned 6) Shared voting power - 0
by
Each ---------------------------------------------------
Reporting 7) Sole dispositive power - 1,465,500
Person With:
---------------------------------------------------
8) Shared dispositive power - 0
- -------------------------------------------------------------------------------
9) Aggregate amount beneficially owned by each reporting person
1,465,500 shares of the Issuer's $.01 par value common stock (the
"Shares"). The Reporting Person has pledged substantially all of the
Shares to CompuCom Systems, Inc. to secure certain debts of the Reporting
Person incurred in connection with its acquisition of the Shares. Further,
294,284 of the Shares may be acquired by other parties pursuant to the
terms of certain options.
- -------------------------------------------------------------------------------
10) Check box if the aggregate amount in row (9) excludes certain shares* [___]
- -------------------------------------------------------------------------------
11) Percent of class represented by amount in row (9)
25.5% (calculated by dividing (i) the 1,465,500 Shares beneficially
owned by the Reporting Person by (ii) the 5,746,820 Shares outstanding
as of February 12, 1997.
- -------------------------------------------------------------------------------
12) Type of reporting person - CO
- -------------------------------------------------------------------------------
Page 2 of 5
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CUSIP NO. 693258-10-5
- ---------------------
- -------------------------------------------------------------------------------
1) Name of reporting persons
S.S. or I.R.S. identification number of above persons
Avery More
###-##-####
- -------------------------------------------------------------------------------
2) Check the appropriate box if a member of a group* (a)[___]
(b)[ X ]
---
- -------------------------------------------------------------------------------
3) SEC use only
- -------------------------------------------------------------------------------
4) Citizenship or place of organization
United States of America
- -------------------------------------------------------------------------------
5) Sole voting power - 0
Number of Shares
Beneficially ---------------------------------------------------
Owned 6) Shared voting power - 1,465,500
by
Each ---------------------------------------------------
Reporting 7) Sole dispositive power - 0
Person With:
---------------------------------------------------
8) Shared dispositive power - 1,465,500
- -------------------------------------------------------------------------------
9) Aggregate amount beneficially owned by each reporting person
1,465,500 shares of the Issuer's $.01 par value common stock (the
"Shares"). The Reporting Person has pledged substantially all of the
Shares to CompuCom Systems, Inc. to secure certain debts of the Reporting
Person incurred in connection with its acquisition of the Shares. Further,
294,284 of the Shares may be acquired by other parties pursuant to the
terms of certain options.
- -------------------------------------------------------------------------------
10) Check box if the aggregate amount in row (9) excludes certain shares* [ ]
- -------------------------------------------------------------------------------
11) Percent of class represented by amount in row (9)
25.5% (calculated by dividing (i) the 1,465,500 Shares beneficially owned
by the Reporting Person by (ii) the 5,746,820 Shares outstanding as of
February 12, 1997.
- -------------------------------------------------------------------------------
12) Type of reporting person - IN
- -------------------------------------------------------------------------------
Page 3 of 5
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SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
Item 1(a). Name of Issuer:
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PC Service Source, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
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2350 Valley View Lane
Dallas, TX 75234
Item 2(a). Name of Person Filing:
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Rosetta Stone Corporation
Avery More
Item 2(b). Address of Principal Business Office or, if none, Residence:
-----------------------------------------------------------
10000 N. Central Expressway, Suite 1460
Dallas, TX 75231
Item 2(c). Citizenship:
-----------
Delaware
United States of America
Item 2(d). Title of Class of Securities:
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Common Stock, $0.01 par value
Item 2(e). CUSIP Number.
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693258-10-5
Item 3. If this Statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
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check whether the person filing is a:
------------------------------------
Not Applicable
Item 4. Ownership.
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(a) Item 9 from each of page 2 and 3 of this Schedule is
incorporated by reference.
(b) Item 11 from each of page 2 and 3 of this Schedule is
incorporated by reference.
(c) Items 5-8 from each of page 2 and 3 of this Schedule are
incorporated by reference.
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
Not Applicable
Page 4 of 5
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
---------------------------------------------------------------
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
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the Security Being Reported on by the Parent Holding Company.
------------------------------------------------------------
Not Applicable
Item 8. Identification and Classification of Members of the Group.
---------------------------------------------------------
Not Applicable
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable
Item 10. Certification.
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Not Applicable
SIGNATURE
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.
ROSETTA STONE CORPORATION
Dated: February 12, 1997 By: /s/ Avery More
-----------------------------------
Avery More, President
Dated: February 12, 1997 /s/ Avery More
--------------------------------------
Avery More
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