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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
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. 3)*
HIGHWAYMASTER COMMUNICATIONS, INC.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
431263 10 2
- --------------------------------------------------------------------------------
(CUSIP NUMBER)
*The remainder of this cover page should 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 purposes 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).
(Continued on following page(s))
(Page 1 of 8 Pages)
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NY2:\745144\02\FYYG02!.DOC\36315.0013
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 431263 10 2 13G Page 2 of 8 pages
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- ------------ --------------------------------------------------- ------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON: CLIPPER CAPITAL ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
13-3706321
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
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: DELAWARE
- ------------------- ------ ------------------------------------------------ -------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
------ ------------------------------------------------ -------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
- ------------ -------------------------------------------------------------- -------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%
- ------------ --------------------------------------------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON: PN
- ------------ --------------------------------------------------- ------------------------------------------------------------------
2
<PAGE>
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CUSIP No. 431263 10 2 13G Page 3 of 8 pages
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- ------------ --------------------------------------------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON: CLIPPER/MERCHANT PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
13-3737437
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
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
- ------------------- ------ ------------------------------------------------ -------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
------ ------------------------------------------------ -------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
- ------------ -------------------------------------------------------------- -------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%
- ------------ --------------------------------------------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON: PN
- ------------ --------------------------------------------------- ------------------------------------------------------------------
3
<PAGE>
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CUSIP No. 431263 10 2 13G Page 4 of 8 pages
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- ------------ --------------------------------------------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON: CLIPPER/MERBAN, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
98-0137328
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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
- ------------------- ------ ------------------------------------------------ -------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
------ ------------------------------------------------ -------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
- ------------ -------------------------------------------------------------- -------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%
- ------------ --------------------------------------------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON: PN
- ------------ --------------------------------------------------- ------------------------------------------------------------------
4
<PAGE>
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CUSIP No. 431263 10 2 13G Page 5 of 8 pages
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- ------------ --------------------------------------------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON: CLIPPER CAPITAL ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
13-3706407
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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
- ------------------- ------ ------------------------------------------------ -------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------ ------------------------------------------------ -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
------ ------------------------------------------------ -------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------ ------------------------------------------------ -------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
- ------------ -------------------------------------------------------------- -------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
- ------------ ----------------------------------------------------------------------------------------------------- ----------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%
- ------------ --------------------------------------------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON: CO
- ------------ --------------------------------------------------- ------------------------------------------------------------------
</TABLE>
5
<PAGE>
ITEM 1
(a) NAME OF ISSUER:
HighwayMaster Communications, Inc.
(b) Address of Issuer's Principal Executive Offices:
16479 Dallas Parkway
Suite 710
Dallas, Texas 75248
ITEM 2
(a) NAME OF PERSON FILING:
See Item 1 of the Cover Pages attached hereto.
(b) Address of Principal Business Office or, if None,
Residence:
For all Reporting Persons:
650 Madison Avenue
New York, New York 10022
(c) CITIZENSHIP:
See Item 4 of the Cover Pages attached hereto.
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
(e) CUSIP NUMBER: 431263 10 2
ITEM 3
Not applicable.
ITEM 4 OWNERSHIP.
(a) Amount Beneficially Owned:
See Item 9 of the Cover Pages attached hereto.
(b) Percent of Class:
See Item 11 of the Cover Pages attached hereto.
6
<PAGE>
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
See Item 5 of the Cover Pages attached hereto.
(ii) Shared power to vote or to direct the vote
See Item 6 of the Cover Pages attached hereto and below.
(iii) Sole power to dispose or to direct the disposition of
See Item 7 of the Cover Pages attached hereto.
(iv) Shared power to dispose or to direct the disposition of
See Item 8 of the Cover Pages attached hereto and below.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ X ]
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. See Item 4.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10 CERTIFICATION.
Not applicable.
7
<PAGE>
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.
February 14, 2000
CLIPPER CAPITAL ASSOCIATES, L.P.
By: Clipper Capital Associates, Inc.,
its general partner
CLIPPER/MERCHANT PARTNERS, L.P.
By: Clipper Capital Associates, L.P.,
its general partner
By: Clipper Capital Associates, Inc. its general partner
CLIPPER/MERBAN, L.P.
By: Clipper Capital Associates, L.P.,
its general partner
By: Clipper Capital Associates, Inc.,
its general partner
CLIPPER CAPITAL ASSOCIATES, INC.
By: /s/ Eugene P. Lynch
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Name: Eugene P. Lynch
Title: Treasurer and Secretary
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