-----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, BzEm0Tvp82ReuqKup7ZrRDcrxfKS/zCB782pACWZ3MS7S/GicD7UE9cXW275r3Si tyKr3LPrm0C3Xc7l3YI+/g== 0001019687-99-000328.txt : 19990615 0001019687-99-000328.hdr.sgml : 19990615 ACCESSION NUMBER: 0001019687-99-000328 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990611 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OPHTHALMIC IMAGING SYSTEMS INC CENTRAL INDEX KEY: 0000885317 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 943035367 STATE OF INCORPORATION: CA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-43000 FILM NUMBER: 99644458 BUSINESS ADDRESS: STREET 1: 221 LATHROP WAY STE 1 CITY: SACRAMENTO STATE: CA ZIP: 95815 BUSINESS PHONE: 9166462020 MAIL ADDRESS: STREET 1: 221 LATHROP WAY STREET 2: SUITE 1 CITY: SACRAMENTO STATE: CA ZIP: 95815 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PREMIER LASER SYSTEMS INC CENTRAL INDEX KEY: 0000878543 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 330476284 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3 MORGAN CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 7148590656 MAIL ADDRESS: STREET 1: 3 MORGAN CITY: IRVINE STATE: CA ZIP: 92677 SC 13D/A 1 OPHTHALMIC IMAGING SYSTEMS SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 12) OPHTHALMIC IMAGING SYSTEMS (Name of Issuer) COMMON STOCK, NO PAR VALUE (Title of Class of Securities) 683737 (CUSIP Number) Premier Laser Systems, Inc. Attn: Colette Cozean 3 Morgan Avenue Irvine, CA 92718 with a copy to: William J. Simpson, Esq. Paul, Hastings, Janofsky & Walker LLP 695 Town Center Drive, 17th Floor Costa Mesa, California 92626 (714) 668-6200 (Name, address and telephone number of person authorized to receive notices and communications) June 9, 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 [ ]. 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. - ---------------- * 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). (Continued on following pages) (Page 1 of 4 Pages) ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON PREMIER LASER SYSTEMS, INC. 33-0472684 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* 00 ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF 2,131,758 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 2,131,758 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH 0 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,131,758 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] N/A ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 51.3%, BASED ON 4,155,428 SHARES OF COMMON STOCK REPORTED AS OUTSTANDING AS OF APRIL 14, 1999 ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 683737 13D Page 2 of 4 Pages OPHTHALMIC IMAGING SYSTEMS Common Stock SCHEDULE 13D This Amendment No. 11 (the "Amendment") amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the "Commission") on December 29, 1997 (the "Original Schedule 13D"), as previously amended by Amendment No. 1 filed with the Commission on January 5, 1998, by Amendment No. 2 filed with the Commission on January 20, 1998, by Amendment No. 3 filed with the Commission on February 12, 1998, by Amendment No. 4 filed with the Commission on March 3, 1998, by Amendment No. 5 filed with the Commission on August 14, 1998, by Amendment No. 6 filed with the Commission on August 20, 1998, by Amendment No. 7 filed with the Commission on August 21, 1998, by Amendment No. 8 filed with the Commission on November 25, 1998, by Amendment No. 9 filed with the Commission on January 5, 1998, by Amendment No. 10 filed with the Commission on February 11, 1999, and by Amendment No. 11 filed with the Commission on March 26, 1999, with respect to the purchase by PREMIER LASER SYSTEMS, INC. ("Premier") of shares of common stock, no par value per share (the "Shares"), of OPHTHALMIC IMAGING SYSTEMS, a California corporation ("OISI") (the "Original Schedule 13D" as amended, the "Schedule 13D"). Capitalized terms used but not defined herein shall have the meanings given to such terms in the Schedule 13D. Item 4. Purpose of Transaction. The response set forth in Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: On June 9, 1999, Premier presented OISI with a proposal, pursuant to which Premier offered to acquire the remaining issued and outstanding stock of OISI by merging OISI into a newly formed subsidiary wholly owned by Premier. OISI would be the surviving entity. In exchange for each outstanding share of OISI, Premier would issue a portion of a share of Premier Common Stock determined by dividing $.85 by the "Agreed Premier Value." "Agreed Premier Value" means the average closing price of Premier's Class A Common Stock for the five days immediately preceding the effective date of the Merger; provided, however, that Premier would not be required to close the transaction if the Agreed Premier Value were less than $2.00. Premier's proposal is non-binding, and the proposed transaction would be subject to numerous contingencies. In particular, the Board of Directors of OIS and shareholders representing 75% of OIS' outstanding shares (including at least a majority of the OIS shares that are not held by Premier) would need to approve the transaction, the parties would need to negotiate and sign a definitive Merger Agreement (which would contain customary conditions to closing), and OIS would need to obtain a fairness opinion. In addition, prior to closing, Premier would need to register with the SEC the shares of stock issuable to OIS shareholders in the proposed merger. A copy of the proposal is attached hereto as Exhibit 99.17, and is incorporated by reference. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. This item as previously filed is amended and supplemented by incorporating herein the additions to Item 4 made by this Amendment No. 12. Item 7. Material to be Filed as Exhibits. The response set forth in Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 99.17 Non-Binding Proposal, dated June 9, 1999, presented by Premier to OISI. CUSIP No. 683737 13D Page 3 of 4 Pages 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. Dated: 6/10/, 1999 PREMIER LASER SYSTEMS, INC. By: /s/ Robert V. Mahoney ----------------------------- Name: Robert V. Mahoney Title: Executive Vice President of Finance and Chief Financial Officer CUSIP No. 683737 13D Page 4 of 4 Pages EX-99.17 2 NON-BINDING PROPOSAL, DATED JUNE 9, 1999 NONBINDING PROPOSAL FROM PREMIER LASER SYSTEMS, INC. ("PREMIER") TO OPHTHALMIC IMAGING SYSTEMS ("OIS") (June 9, 1999) Premier hereby makes the following nonbinding proposal to OIS for its consideration: i. MERGER. OIS would merge into a wholly owned, newly formed subsidiary of Premier. OIS would be the surviving entity and OIS would become 100% owned by Premier. ii. CONSIDERATION. In exchange for each outstanding share of OIS, Premier would issue a portion of a share of Premier determined by OIS dividing $.85 by the "Agreed Premier Value." As used herein, "Agreed Premier Value" shall mean the average closing price of Premier's Class A Common Stock for the five days immediately preceding the effective date of the Merger; provided, however, that Premier would not be required to close the transaction if the Agreed Premier Value were less than $2.00. iii. DEFINITIVE AGREEMENT. The parties would attempt to negotiate the terms and conditions of a definitive Merger Agreement within thirty days following the date of this Proposal. The Merger Agreement would contain customary representations and warranties (which would expire at closing) and would contain standard conditions to closing, including the absence of a material adverse change of either party, registration of the shares of stock of Premier to be issued in connection with the Merger, the approval of at least 75% of OIS' shareholders (including at least the holders of a majority of OIS shares other than those held by Premier), and OIS' obtaining of a fairness opinion with respect to the proposed transaction. iv. NON-BINDING. This proposal is nonbinding. A binding agreement would occur only upon the signing of a definitive agreement by Premier and OIS. -----END PRIVACY-ENHANCED MESSAGE-----