<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6)
APPLIED MICROSYSTEMS CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
037935103
(CUSIP Number)
ONEX CORPORATION
CANADA TRUST TOWER
161 BAY STREET - 49TH FLOOR
TORONTO, ONTARIO M5J 2S1 CANADA
ATTENTION: EWOUT HEERSINK
(416) 362-7711
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
COPIES TO:
JOEL I. GREENBERG, ESQ.
KAYE, SCHOLER, FIERMAN, HAYS & HANDLER, LLP
425 PARK AVENUE
NEW YORK, NEW YORK 10022
(212) 836-8000
January 12, 1999 - January 25, 1999
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.
See Rule 13d-7.)
Page 1 of 10 pages.
Exhibit Index on page 9.
<PAGE> 2
13D
- --------------------------------------------------------------------------------
CUSIP No. 037935103 Page 2 of 10 Pages
-----------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Onex Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER
223,600 shares of Common Stock
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
C0
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
13D
- --------------------------------------------------------------------------------
CUSIP No. 037935103 Page 3 of 10 Pages
-----------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vencap, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Alberta, Canada
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER
223,600 shares of Common Stock
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
C0
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
13D
- --------------------------------------------------------------------------------
CUSIP No. 037935103 Page 4 of 10 Pages
-----------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
812374 ALBERTA LTD.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Alberta, Canada
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER
223,600 shares of Common Stock
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
C0
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
13D
- --------------------------------------------------------------------------------
CUSIP No. 037935103 Page 5 of 10 Pages
-----------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gerald W. Schwartz
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
8 SHARED VOTING POWER
223,600 shares of Common Stock
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
223,600 shares of Common Stock
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
Amendment to Statement on Schedule 13D (the "Statement") relating
to the shares of common stock, par value $.01 per share (the "Common Stock"), of
Applied Microsystems Corporation, a Washington corporation (the "Issuer"), filed
by Vencap, Inc., 812374 Alberta, Ltd. ("Newco"), Onex Corporation and Gerald W.
Schwartz. Capitalized terms, used but not defined herein, shall have the meaning
set forth in the Statement. The Statement is hereby amended as set forth below:
Item 5. Interest in Securities of the Issuer.
(a) and (b). Upon completion of the documentation relating to the
transfer to Newco, Newco will own 223,600 shares of Common Stock.
On December 30, 1998, Vencap entered into an agreement to transfer
399,460 shares of Common Stock to Newco, its wholly-owned subsidiary. From
January 12, 1999 to January 25, 1999, Newco sold 175,860 shares of Common Stock
as reported herein. Upon completion of the documentation relating to the
transfer to Newco, Newco will beneficially own 223,460 shares of Common Stock,
representing approximately 3.3% of the outstanding shares of Common Stock
(based on the number of shares of Common Stock outstanding as of December 31,
1998).
Vencap owns all of the issued and outstanding shares of capital
stock of Newco. Onex, as the indirect beneficial owner of approximately 90% of
the shares of Vencap, may be deemed to own beneficially 223,600 shares of
common stock, representing approximately 3.3% of the outstanding shares of
Common Stock (based on the number of shares of Common Stock outstanding as of
December 31, 1998). Mr. Schwartz is the indirect holder of all the issued and
outstanding shares of Multiple Voting Shares of Onex, ownership which entitles
Mr. Schwartz to elect sixty percent (60%) of the members of Onex' Board of
Directors, and therefore may also be deemed to own beneficially such shares of
Common Stock.
Page 6 of 10 pages.
<PAGE> 7
(c) During the past sixty (60) days, Newco has
disposed of certain of the shares of Common Stock as follows:
<TABLE>
<CAPTION>
Date of Amount of
Transaction Securities Involved Price Per Share How Effected
- ----------- ------------------- --------------- ------------
<S> <C> <C> <C>
1/12/99 2,000 $4.00 Open Market Sale
1/20/99 15,000 4.56 Open Market Sale
1/20/99 15,000 4.63 Open Market Sale
1/21/99 40,000 4.56 Open Market Sale
1/21/99 15,000 4.63 Open Market Sale
1/22/99 20,000 4.70 Open Market Sale
1/22/99 40,000 4.70 Open Market Sale
1/25/99 10,000 4.63 Open Market Sale
1/25/99 18,860 4.56 Open Market Sale
</TABLE>
Except as set forth above, no Reporting Person nor, to the best
knowledge of each Reporting Person, any person identified in Item 2,
beneficially owns any shares of Common Stock or has effected any transaction in
shares of Common Stock during the preceding 60 days.
(e) On January 21, 1999, the Reporting Person ceased to be
the beneficial owner of more than five percent of the class of securities.
Item 7. Material to Be Filed as Exhibits.
1. Joint Filing Agreement, dated February 12, 1999, among
Vencap, Newco, Onex and Mr. Schwartz.
2. Power of Attorney, incorporated by reference to the
Schedule 13D Amendment relating to the Issuer filed
by Vencap, Onex and Mr. Schwartz on September 13,
1996.
Page 7 of 10 pages.
<PAGE> 8
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I hereby certify that the information set forth in this statement is
true, complete and correct.
Dated: February 12, 1999
VENCAP, INC.
By: /s/ William R. McKenzie
-----------------------------
Name: William R. McKenzie
Title: Vice President
ONEX CORPORATION
By: /s/ Donald W. Lewtas
-----------------------------
Name: Donald W. Lewtas
Title: Authorized Signatory
/s/ Donald W. Lewtas
-----------------------------
Donald W. Lewtas
Authorized Signatory for
GERALD W. SCHWARTZ
812374 ALBERTA LTD.
By: /s/ Mark Hilson
-----------------------------
Name: Mark Hilson
Title: Director
Page 8 of 10 pages.
<PAGE> 9
EXHIBIT INDEX
-------------
Exhibit
-------
1. Joint Filing Agreement, dated February 12, 1999, among
Vencap, Newco, Onex and Mr. Schwartz.
2. Power of Attorney, incorporated by reference to the
Schedule 13D Amendment relating to the Issuer filed
by Vencap, Onex and Mr. Schwartz on September 13,
1996.
Page 9 of 10 pages.
<PAGE> 1
Page 10 of 10 Pages
Exhibit 1
AGREEMENT
JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree to file jointly the Statement on
Schedule 13D (the "Statement") relating to the Common Stock, $.01 par value per
share, of Applied Microsystems Corporation, and any further amendments thereto
which may be deemed necessary pursuant to Regulation 13D or G promulgated under
Section 13 of the Securities Exchange Act of 1934, as amended.
It is understood and agreed that a copy of this Agreement shall be
attached as an exhibit to the Statement, filed on behalf of each of the parties
hereto.
This Agreement may be executed in multiple counterparts, each of
which shall constitute an original, one and the same instrument.
IN WITNESS WHEREOF, each of the undersigned has executed this
Agreement as of the 12th day of February, 1999.
VENCAP, INC.
By:/s/ William R. McKenzie
-----------------------------
Name: William R. McKenzie
Title: Vice President
ONEX CORPORATION
By:/s/ Donald W. Lewtas
--------------------
Name: Donald W. Lewtas
Title: Authorized Signatory
/s/ Donald W. Lewtas
--------------------
Donald W. Lewtas
Authorized Signatory for
GERALD SCHWARTZ
812374 ALBERTA LTD.
By:/s/ Mark Hilson
--------------------
Name: Mark Hilson
Title: Director
