-----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, MAZ/wFkmhJ0DE7BzjjajmL1OIVUXl6jt0ssjlI1+xkn2ZQAMszNmJCX1N/gdG1ez H1QcL+N/kwPMDtZfRrXvkQ== 0000931731-98-000276.txt : 19980911 0000931731-98-000276.hdr.sgml : 19980911 ACCESSION NUMBER: 0000931731-98-000276 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980910 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MACC PRIVATE EQUITIES INC CENTRAL INDEX KEY: 0000923808 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 421421406 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-45963 FILM NUMBER: 98706716 BUSINESS ADDRESS: STREET 1: 101 SECOND ST SE STREET 2: STE 800 CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 BUSINESS PHONE: 3193638249 MAIL ADDRESS: STREET 1: 101 SECOND STREET SE STREET 2: SUITE 800 CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZIONS BANCORPORATION /UT/ CENTRAL INDEX KEY: 0000109380 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 870227400 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE SOUTH MAIN STREET STREET 2: SUITE 1380 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 8015244787 MAIL ADDRESS: STREET 1: ONE SOUTH MAIN STREET STREET 2: SUITE 1380 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 FORMER COMPANY: FORMER CONFORMED NAME: ZIONS UTAH BANCORPORATION DATE OF NAME CHANGE: 19870615 FORMER COMPANY: FORMER CONFORMED NAME: ZIONS FIRST NATIONAL INVESTMENT CO DATE OF NAME CHANGE: 19660921 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 11 )* ---- MACC Private Equities Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 552 617 102 ----------- (CUSIP Number) W. David Hemingway, Zions Bancorporation, 1380 Kennecott Building, Salt Lake City, Utah 84133 (801) 524-4787 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 9, 1998 ----------------- (Date of Event which Requires Filing of this Statement) If a 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 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. *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). - -------------------- CUSIP NO. 552 617 102 - -------------------- - ------------------------------------------------------------ 1. NAME OF REPORTING PERSON Zions Bancorporation S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 87-0227400 - ------------------------------------------------------------ 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) [ ] - ------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION Utah - ------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF -0- SHARES ---------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 295,105 EACH ---------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON -0- ---------------------------------------- 10. SHARED DISPOSITIVE POWER 295,105 - ------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 295,105 - ------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.6767% - ------------------------------------------------------------ 14. TYPE OF REPORTING PERSON HC,CO - ------------------------------------------------------------ Page 2 of 9 - -------------------- CUSIP NO. 552 617 102 - -------------------- - ------------------------------------------------------------ 1. NAME OF REPORTING PERSON Zions First National Bank S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 87-0189025 - ------------------------------------------------------------ 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) [ ] - ------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF -0- SHARES ---------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 295,105 EACH ---------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON -0- WITH ---------------------------------------- 10. SHARED DISPOSITIVE POWER 295,105 - ------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 295,105 - ------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.6767% - ------------------------------------------------------------ 14. TYPE OF REPORTING PERSON BK - ------------------------------------------------------------ Page 3 of 9 Zions Bancorporation ("Zions") hereby amends its report on Schedule 13D originally filed on May 24, 1996 as heretofore amended (the "Schedule 13D") in respect of the Common Stock of MACC Private Equities Inc. (the "Company"). Capitalized terms used but not defined herein shall have the meanings given such terms in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. The funds required to purchase the 295,105 shares of Common Stock beneficially owned by Zions and the Bank were $2,438,967. These funds were derived from working capital. Item 5. Interest in Securities of the Issuer. (a) The Bank currently holds and Zions may be deemed to hold through the Bank, for purposes of this report on Schedule 13D, the beneficial ownership of 295,105 shares of Common Stock, which the Bank and Zions believe represents approximately 23.6767% of the outstanding shares of Common Stock. (b) Zions may be deemed to share the power to vote or direct the vote and to dispose or to direct the disposition of the 295,105 shares of Common Stock held by the Bank. (C) On June 10, 1998, the Bank purchased 1,200 shares of Common Stock at a cost of $10,965.00 ($9.1375 per share). On July 7, 1998, the Bank purchased 2,400 shares of Common Stock at a cost of $22,050.00 ($9.1875 per share). On July 23, 1998, the Bank purchased 1,300 shares of Common Stock at a cost of $12,202.50 ($9.386538 per share). On August 27, 1998, the Bank purchased 1,000 shares of Common Stock at a cost of $9,686.86 ($9.68686 per share). On August 24, 1998, the Bank purchased 2,000 shares of Common Stock at a cost of $19,250.00 ($9.625 per share).On August 28, 1998, the Bank purchased 1,000 shares of Common Stock at a cost of $10,062.50 ($10.0625 per share). On August 31, 1998, the Bank purchased 1,000 shares of Common Stock at a cost of $10,062.50 ($10.0625 per share). On September 1, 1998, the Bank purchased 1,000 shares of Common Stock at a cost of $10,813.78 ($10.81378 per share). On September 2, 1998, the Bank purchased 1,000 shares of Common Stock at a cost of $10,312.93 ($10.31293 per share). On September 3, 1998, the Bank purchased 1,000 shares of Common Stock at a cost of $10,312.93 ($10.31293 per share). On September 4, 1998, the Bank purchased 1,000 shares of Common Stock at a cost of $10,813.78 ($10.81378 per share). On August 27, 1998, the Bank purchased 1,500 shares of Common Stock at a cost of $14,437.50 ($9.625 per share). In each case of purchase, the shares were acquired in the ordinary course of business in transactions on the open market. To the best knowledge of Zions and the Bank, none of the persons listed on Schedule I-A or Schedule I-B attached hereto has effected any transactions in Common Stock during the past 60 days. Page 4 of 9 SIGNATURE After due 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: September 9, 1998 ZIONS BANCORPORATION By:_________________________________ Name: Dale M. Gibbons Title: Senior Vice President, Chief Financial Officer and Secretary Page 5 of 9 SIGNATURE After due 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: September 9, 1998 ZIONS FIRST NATIONAL BANK By:_________________________________ Name: Dale M. Gibbons Title: Executive Vice President, Chief Financial Officer, and Secretary Page 6 of 9 SCHEDULE I-A DIRECTORS AND EXECUTIVE OFFICERS OF ZIONS BANCORPORATION The names, business addresses and present principal occupations of the directors and executive officers of Zions Bancorporation ("Zions") are set forth below. If no business address is given, the director's or officer's business address is 1380 Kennecott Building, Salt Lake City, Utah 84133. The business address of each of the directors of Zions is also the business address of such director's employer, if any. All directors and officers listed below are citizens of the United States. Name Position with Zions, Present Principal Occupation or - ---- ---------------------------------------------------- Employment and Address ---------------------- A. Scott Anderson Executive Vice President and President of the Bank. Jerry C. Atkin Director of Zions. Chairman, President and Chief Executive Officer, SkyWest Airlines, 444 S. River Road, St. George, Utah 84770. Nolan X. Bellon Controller of Zions. Dan Burch Vice President of Auditing for Zions. Danne L. Buchanan Executive Vice President of Zions. President of Zions Data Service Company. Grant R. Caldwell Director of Zions. Retired, former Partner, KMG Main Hurdman, Salt Lake City, Utah. R. Don Cash Director of Zions. Chairman, President and Chief Executive Officer of Questar Corporation, 180 East 100 South, Salt Lake City, Utah 84111. Director, Zions First National Bank. Gerald J. Dent Executive Vice President of Zions. Executive Vice President of Zions First National Bank. Dale M. Gibbons Executive Vice President, Chief Financial Officer and Secretary of Zions. Executive Vice President, Chief Financial Officer and Secretary of Zions First National Bank. John J. Gisi Chairman and President and Chief Executive Officer of National Bank of Arizona. W. David Hemingway Executive Vice President of Zions. Executive Vice President of Capital Markets and Investments. Clark B. Hinckley Senior Vice President of Zions. George Hofmann III Senior Vice President of Zions. President and Chief Executive Officer of Nevada State Bank. Page 7 of 9 Name Position with Zions, Present Principal Occupation or - ---- ---------------------------------------------------- Employment and Address ---------------------- Gary S. Judd Director of Zions. President and Chief Executive Officer of Colorado Banks, Including Pitkin County Bank and Trust, Centennial Savings Bank,F.S.B., Valley National Bank of Cortez, Vectra Bank, First National Bank of Alamosa and Tri-State Bank. Richard H. Madsen Director of Zions. President and Chief Executive Officer of ZCMI, 2200 South 900 West, Salt Lake City, Utah 84137. Roger B. Porter Director of Zions. IBM Professor of Business and Government, Harvard University, 79 John F. Kennedy Street, Cambridge, Massachusetts 02138. Robert G. Sarver Director of Zions. Executive Director, Southwest Value Partners and affiliates, Wilson Wyoming, G B Bancorporation. Harris H. Simmons President and Chief Executive Officer and Chairman of Zions. Chairman of Zions First National Bank. Director of Questar Corporation. L.E. Simmons Director of Zions. President, SCF Investment Partners and L.E. Simmons & Associates, Inc., 6600 Texas Commerce Tower, Houston, Texas 77002. Roy W. Simmons Chairman of the Board of Directors of Zions. Director of Zions First National Bank. Member of the Board of Directors of Beneficial Life Insurance Co. Director of Ellison Ranching Co. I.J. Wagner Director of Zions. President of The Keystone Company, 910 Kennecott Building, Salt Lake City, Utah 84133. Page 8 of 9 SCHEDULE I-B DIRECTORS AND EXECUTIVE OFFICERS OF ZIONS FIRST NATIONAL BANK The names, business addresses and present principal occupations of the directors and executive officers of Zions First National Bank (the "Bank") are set forth below. If no business address is given, the director's or officer's business address is One South Main Street, Salt Lake City, Utah 84111. The business address of each of the directors of the Bank is also the business address of such director's employer, if any. All directors and officers listed below are citizens of the United States. Name Position with the Bank, Present Principal Occupation or - ---- ------------------------------------------------------- Employment and Address ---------------------- A. Scott Anderson President, Chief Executive Officer of the Bank. John B. D'Arcy Executive Vice President of the Bank. R. Don Cash Director of the Bank. Chairman and Chief Executive Officer, Questar Corporation, Salt Lake City, Utah 84139. Gerald J. Dent Executive Vice President of the Bank. Executive Vice President of Zions Bancorporation. Peter K. Ellison Executive Vice President of the Bank. Robert C. Fuehr Director of the Bank. Vice President-Public Policy, Telco Business Development, U S WEST, Englewood, Colorado 80111. Dale M. Gibbons Executive Vice President, Chief Financial Officer and Secretary of the Bank. Executive Vice President, Chief Financial Officer and Secretary of Zions Bancorporation. Ronald S. Hanson Director of the Bank. Retired. W. David Hemingway Executive Vice President of the Bank. Executive Vice President Zions Bancorporation. James T. Jensen Director of the Bank. Executive Vice President/General Counsel of Savage Industries, Salt Lake City, Utah 84107. Susan Mooney Johnson Director of the Bank. President of Futura Industries Daw Technology. Box 3640, Ketchum, Idaho 83340. Dixie Leavitt Director of the Bank. Chairman of the Board of Security Enterprises dba The Leavitt Group. Robert A. Madsen, Sr. Director of the Bank. Chief Executive Officer of Madsen Furniture Co., Salt Lake City, Utah. Harris H. Simmons Chairman of the Bank. President and Chief Executive Officer of Zions Bancorporation. D. Gill Warner Director of the Bank. Retired. Page 9 of 9 -----END PRIVACY-ENHANCED MESSAGE-----