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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 2)(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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(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 the disclosures provided in a prior cover page.
The information required in 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 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).
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CUSIP NO. 693258-10-5 13G Page 2 of 6 Pages
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1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Rosetta Stone Corporation
75-2511965
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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
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NUMBER OF SHARES 5) SOLE VOTING POWER - 0
BENEFICIALLY ------------------------------------------------------
OWNED 6) SHARED VOTING POWER - 1,331,800
BY ------------------------------------------------------
EACH 7) SOLE DISPOSITIVE POWER - 0
REPORTING ------------------------------------------------------
PERSON WITH: 8) SHARED DISPOSITIVE POWER - 1,331,800
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,331,800 shares of the Issuer's $.01 par value common stock (the
"Shares"). The reporting person has granted options to acquire 219,284
of the Shares to 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)
23.1% (calculated by dividing (i) the 1,331,800 shares beneficially
owned by the reporting person by (ii) the 5,754,320 shares outstanding
as of February 2, 1998.
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12) TYPE OF REPORTING PERSON* - CO
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CUSIP NO. 693258-10-5 13G Page 3 of 6 Pages
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1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Avery More
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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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 SHARES 5) SOLE VOTING POWER - 0
BENEFICIALLY ------------------------------------------------------
OWNED 6) SHARED VOTING POWER - 1,331,800
BY ------------------------------------------------------
EACH 7) SOLE DISPOSITIVE POWER - 0
REPORTING ------------------------------------------------------
PERSON WITH: 8) SHARED DISPOSITIVE POWER - 1,331,800
- --------------------------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,331,800 shares of the Issuer's $.01 par value common stock (the
"Shares"). The reporting person has granted options to acquire 219,284
of the Shares to 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)
23.1% (calculated by dividing (i) the 1,331,800 shares beneficially
owned by the reporting person by (ii) the 5,754,320 shares outstanding
as of February 2, 1998.
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12) TYPE OF REPORTING PERSON* - IN
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CUSIP NO. 693258-10-5 13G Page 4 of 6 Pages
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
Item 1(a). Name of Issuer:
PC Service Source, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
2350 Valley View Lane
Dallas, TX 75234
Item 2(a). Name of Person Filing:
(i) Rosetta Stone Corporation
(ii) Avery More
Item 2(b). Address of Principal Business Office or, if none, Residence:
(i) and (ii) 10000 N. Central Expressway, Suite 1460
Dallas, TX 75231
Item 2(c). Citizenship:
(i) Delaware
(ii) United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e). CUSIP Number.
693258-10-5
Item 3. If this Statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not Applicable
Item 4. Ownership.
(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.
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CUSIP NO. 693258-10-5 13G Page 5 of 6 Pages
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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 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.
Not Applicable
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13G Page 6 of 6 Pages
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.
ROSETTA STONE CORPORATION
Dated: February 3, 1998 By: /s/ Avery More
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Avery More, President
Dated: February 3, 1998 /s/ Avery More
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Avery More
