-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HnoVs0CAiCMGnImgg1Z80rdcIh3dSMeaGXUMKSuPVTT6ibi0oGR/5Wb8GZ1+Qo7W EYMjKXaLTn5wXbjtHfm4iQ== 0000950005-97-000079.txt : 19970203 0000950005-97-000079.hdr.sgml : 19970203 ACCESSION NUMBER: 0000950005-97-000079 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970131 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PERSONAL COMPUTER PRODUCTS INC CENTRAL INDEX KEY: 0000725394 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 330021693 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-35242 FILM NUMBER: 97515608 BUSINESS ADDRESS: STREET 1: 11031 VIA FRONTERA, SUITE#100 CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6194858411 MAIL ADDRESS: STREET 1: 10865 RANCHO BERNARDO RD CITY: SAN DIEGO STATE: CA ZIP: 92127 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MCM PARTNERS L P CENTRAL INDEX KEY: 0000874914 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CA FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: ONE EMBARCADERO CENTER, SUITE 2830 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4157883232 SC 13D 1 FORM SC-13D ---------------------------------- OMB APPROVAL ---------------------------------- OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response.........14.90 ---------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. __)* PERSONAL COMPUTER PRODUCTS, INC. -------------------------------- (Name of Issuer) Common Stock -------------------------------- (Title of Class of Securities) 714901105 -------------------------------- (CUSIP Number) Deborah Topacio MCM Partners, L.P. One Embarcadero Center, Suite 2830 San Francisco, CA 94111 (415) 788-3232 ----------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 21, 1996 ------------------------------------------------------- (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 the 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 five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (continued on following pages) (Page 1 of 11 Pages) *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). SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 2 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ---------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MCM Partners, L.P. IRS No.: 94-3159233 - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER None. NUMBER OF -------------------------------------------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,057,833 EACH REPORTING -------------------------------------------------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,057,833 - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,057,833 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.83 percent - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON * PN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 3 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ---------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morgan Capital Management, Inc. IRS No.: 94-3133631 - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER None. NUMBER OF SHARES -------------------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,057,833 REPORTING -------------------------------------------------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH None. -------------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,057,833 - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,057,833 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.83 percent - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON * CO - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 4 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ---------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ellison Christopher Morgan Social Security No. ###-##-#### - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER None. NUMBER OF SHARES -------------------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,057,833 REPORTING PERSON -------------------------------------------------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None. -------------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,057,833 - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,057,833 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.83 percent - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON * IN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 5 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ----------------------------------------
Item 1. Security and Issuer. This filing relates to the Common Stock of Personal Computer Products, Inc. (the "Issuer"). The address of the Issuer's principal executive office is 11031 Via Frontera, San Diego, CA 92127. Item 2. Identity and Background. This statement is being filed by MCM Partners, L.P., a California limited partnership (the "Partnership"), and by the general partners of the Partnership, Ellison Christopher Morgan and Morgan Capital Management, Inc., a California corporation. The principal business of MCM Partners, L.P. is investing. The principal business of Morgan Capital Management, Inc. is investing on behalf of others and advising others about their investments. The address of the principal business and the address of the principal office of the Reporting Persons is One Embarcadero Center, Suite 2830, San Francisco, CA 94111. No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). No Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and has not as a result of any such proceeding been 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. Ellison Christopher Morgan is a U.S. Citizen. Item 3. Source and Amount of Funds and Other Consideration. All funds used to purchase the Common Stock of the Issuer have been funds invested in the Partnership by its general and limited partners. Item 4. Purpose of the Transaction. The Partnership's purchase of the Issuer's Common Stock was made for passive investment purposes only. SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 6 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ----------------------------------------
Item 5. Interest in Securities of the Issuer.
================================================================== Power to Vote Power to Dispose ===================================================================================================== No. of Shares Beneficially Percentage Owned of Class Sole Shared Sole Shared ======================----------------------------------------------------------------------------------------------------- MCM Partners, L.P. 4,057,833 8.83 4,057,833 4,057,833 - --------------------------------------------------------------------------------------------------------------------------- Ellison Christopher Morgan 4,057,833 8.83 4,057,833 4,057,833 - --------------------------------------------------------------------------------------------------------------------------- Morgan Capital Management, Inc. 4,057,833 8.83 4,057,833 4,057,833 ===========================================================================================================================
(c) The trading dates, number of shares purchased or sold and price per share for all transactions by MCM Partners, L.P. during the past 60 days are set forth on Schedule A hereto. Except for 3,333,333 shares purchased on March 21, 1996 in a private placement, all such transactions were over-the-counter transactions effected in the pink sheets. No other transactions were effected by MCM Partners, L.P. during such period. (d) None. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits. See the Exhibit concerning the disclaimer of beneficial ownership. See also the attached Joint Filing Agreement. SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 7 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ----------------------------------------
SIGNATURES After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: January 28, 1997 MCM PARTNERS, L.P. MORGAN CAPITAL MANAGEMENT, INC. /s/ E. C. Morgan /s/ E. C. Morgan /s/ E. C. Morgan - ----------------------------- ----------------------------- ---------------------------- Ellison Christopher Morgan, Ellison Christopher Morgan, Ellison Christopher Morgan, a general partner its President individually
SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 8 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ----------------------------------------
EXHIBIT Ellison Christopher Morgan and Morgan Capital Management, Inc. disclaim beneficial ownership as to all the shares except for the pro rata interest in certain shares held by MCM Partners, L.P. (an investment partnership managed by Morgan Capital Management, Inc. and Ellison Christopher Morgan) in which each owns a general partner interest. SCHEDULE 13D - ----------------------------------------------------- ---------------------------------------- CUSIP No. 714901105 Page 9 of 11 Pages --------------------------------------- ---- ---- - ----------------------------------------------------- ----------------------------------------
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1) This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended (the "Act"), by and among the parties listed below, each referred to herein as "Joint Filer." The Joint Filers agree that a statement of beneficial ownership as required by Section 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13D, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1. Dated: January 28, 1997 MCM PARTNERS, L.P. MORGAN CAPITAL MANAGEMENT, INC. /s/ E. C. Morgan /s/ E. C. Morgan /s/ E. C. Morgan - ----------------------------- ---------------------------- ------------------------------ Ellison Christopher Morgan, Ellison Christopher Morgan, Ellison Christopher Morgan, a general partner its President individually
---------------------------------------- Page 10 of 11 Pages ---- ---- ---------------------------------------- Schedule A Transactions Within the Last 60 Days (or such lesser period since the prior Schedule 13D filed) ==================================================================================================================================== No. of Shares Bought Party Date (Sold) Price Per Share Type of Transaction ==================================================================================================================================== MCM Partners, L.P. 10/03/96 2,000 1.70 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 2,000 1.65 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 2,000 1.625 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 2,000 1.5625 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 2,500 1.67 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 2,500 1.55 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 5,000 1.6875 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 5,000 1.59 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 5,000 1.71875 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 1,000 1.6875 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 1,000 1.68 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 1,000 1.68 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 1,000 1.65 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 1,000 1.625 OTC broker ------------------------------------------------------------------------------------------------------ ---------------------------------------- Page 11 of 11 Pages ---- ---- ---------------------------------------- ==================================================================================================================================== No. of Shares Bought Party Date (Sold) Price Per Share Type of Transaction ==================================================================================================================================== 10/03/96 1,000 1.61 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 1,000 1.58 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 1,000 1.5625 OTC broker ------------------------------------------------------------------------------------------------------ 10/03/96 2,000 1.6875 OTC broker ------------------------------------------------------------------------------------------------------ 11/25/96 20,000 1.4063 OTC broker ------------------------------------------------------------------------------------------------------ 11/26/96 7,500 1.411625 OTC broker ------------------------------------------------------------------------------------------------------ 12/02/96 1,700 1.4475 OTC broker ------------------------------------------------------------------------------------------------------ 12/02/96 10,000 1.41625 OTC broker ------------------------------------------------------------------------------------------------------ 01/16/97 5,000 1.093700 OTC broker ------------------------------------------------------------------------------------------------------ 01/17/97 5,000 1.25 OTC broker ------------------------------------------------------------------------------------------------------ 01/21/97 8,500 1.2913 OTC broker ------------------------------------------------------------------------------------------------------ 01/21/97 11,700 1.116630 OTC broker ------------------------------------------------------------------------------------------------------ 01/22/97 1,000 1.103800 OTC broker ====================================================================================================================================
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