-----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, CeRFmrgSG980v2csNuTVXhhi0PGFXMbXqSsIphOCfh2r8HQ4jwe9oMJuOIP58iXt 8LZQDx9aEteCsp0fVcrHPA== 0000935836-98-000087.txt : 19980409 0000935836-98-000087.hdr.sgml : 19980409 ACCESSION NUMBER: 0000935836-98-000087 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980408 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL GENERATION SYSTEMS INC CENTRAL INDEX KEY: 0000934448 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311] IRS NUMBER: 943140772 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-49603 FILM NUMBER: 98589302 BUSINESS ADDRESS: STREET 1: 875 BATTERY ST STREET 2: STE 1850 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4155466600 MAIL ADDRESS: STREET 1: 875 BATTERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LONDON MERCHANT SECURITIES PLC CENTRAL INDEX KEY: 0001038946 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: CARLTON HOUSE STREET 2: 33 ROBERT ADAM ST CITY: LONDON STATE: X0 ZIP: 00000 MAIL ADDRESS: STREET 1: CARLTON HOUSE STREET 2: 33 ROBERT ADAM ST CITY: LONDON STATE: X0 ZIP: 00000 SC 13G 1 OMB APPROVAL OMB Number:3235-0145 Expires:December 31, 1997 Estimated average burden hours per form 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. *) DIGITAL GENERATION SYSTEMS, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 125708107 (CUSIP Number) February 17, 1998 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: /___/ Rule 13d-1(b) /_X_/ Rule 13d-1(c) /___/ Rule 13d-1(d) * 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (2-96) CUSIP No. 125708107 13G Page 2 of 17 Pages - ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON London Merchant Securities plc - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b)/ / - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES -0- BENEFICIALLY ---------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 1,222,500 REPORTING ---------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH -0- ---------------------------------------- 8 SHARED DISPOSITIVE POWER 1,222,500 - ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,222,500 - ----------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.1% - ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON 00 - ----------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 125708107 13G Page 3 of 17 Pages - ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Lion Investments Limited - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b)/ / - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 430,000 BENEFICIALLY ---------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH -0- REPORTING ---------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 430,000 ---------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 430,000 - ----------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.5% - ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON 00 - ----------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 125708107 13G Page 4 of 17 Pages - ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Westpool Investment Trust plc - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b)/ / - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 792,500 BENEFICIALLY ---------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH -0- REPORTING ---------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 792,500 ---------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 792,500 - ----------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.5% - ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON 00 - ----------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 125708107 13G Page 5 of 17 Pages - ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Robert A. Rayne - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b)/ / - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 72,500 BENEFICIALLY ---------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH -0- REPORTING ---------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 72,500 ---------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 72,500 - ----------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.6% - ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 125708107 13G Page 6 of 17 Pages - ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Eugene M. Weber - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b)/ / - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 7,600 BENEFICIALLY ---------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH -0- REPORTING ---------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 7,600 ---------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,600 - ----------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1% - ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 125708107 13G Page 7 of 17 Pages - ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Morris Cheston III - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b)/ / - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 2,440 BENEFICIALLY ---------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH -0- REPORTING ---------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 2,440 ---------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,440 - ----------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.02% - ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 125708107 13G Page 8 of 17 Pages - ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Angela G. Weber - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b)/ / - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 1,000 BENEFICIALLY ---------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH -0- REPORTING ---------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 1,000 ---------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000 - ----------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.01% - ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 125708107 13G Page 9 of 17 Pages ITEM 1. (a) The name of the issuer is Digital Generation Systems, Inc. (the "Issuer"). (b) The principal executive office of the Issuer is located at 875 Battery Street, San Francisco, CA 94111. ITEM 2. (a) The names of the persons or entities filing this statement are: London Merchant Securities plc ("LMS"); Lion Investments Limited ("Lion"); Westpool Investment Trust plc ("Westpool"); Robert A. Rayne ("Rayne"); Eugene M. Weber ("Mr. Weber"); Morris Cheston III ("Cheston"); and Angela G. Weber ("Ms. Weber"). (b) The principal business address of LMS, Lion, Westpool and Rayne is 33 Robert Adam Street, London WIM 5AH, United Kingdom. The principal business address of Mr. Weber, Cheston and Ms. Weber is 50 California Street, Suite 3200, San Francisco, CA 94111. (c) LMS, Lion and Westpool are limited companies organized under the laws of England and Wales. Rayne is a citizen of the United Kingdom. Mr. Weber, Cheston and Ms. Weber are citizens of the United States. (d) This statement relates to shares of the Issuer's Common Stock (the "Stock"). (e) The CUSIP number of the Stock is 125708107. CUSIP No. 125708107 13G Page 10 of 17 Pages ITEM 3. If this statement is filed pursuant to rule 240.13d- 1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) ___ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ___ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ___ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ___ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) ___ An investment adviser in accordance with 240.13d- 1(b)(1)(ii)(E). (f) ___ An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) ___ A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (h) ___ A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) ___ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) ___ Group, in accordance with section 240.13d- 1(b)(1)(ii)(J) If this statement is filed pursuant to 240.13d-1(c), check this box. /_X_/. CUSIP No. 125708107 13G Page 11 of 17 Pages ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. 1) LMS: (a) Amount beneficially owned: 1,222,500 (b) Percent of class: 10.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,222,500 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,222,500 2) Lion (a) Amount beneficially owned: 430,000. (b) Percent of class: 3.5% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 430,000 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 430,000 (iv) Shared power to dispose or to direct the disposition of: -0- CUSIP No. 125708107 13G Page 12 of 17 Pages 3) Westpool (a) Amount beneficially owned: 792,500 (b) Percent of class: 6.5% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 792,500 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 792,500 (iv) Shared power to dispose or to direct the disposition of: -0- 4) Rayne (a) Amount beneficially owned: 72,500 (b) Percent of class: 0.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 72,500 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 72,500 (iv) Shared power to dispose or to direct the disposition of: -0- 5) Mr. Weber (a) Amount beneficially owned: 7,600 (b) Percent of class: 0.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 7,600 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 7,600 CUSIP No. 125708107 13G Page 13 of 17 Pages (iv) Shared power to dispose or to direct the disposition of: 0 6) Cheston (a) Amount beneficially owned: 2,440 (b) Percent of class: 0.02% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,440 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,440 (iv) Shared power to dispose or to direct the disposition of: 0 7) Ms. Weber (a) Amount beneficially owned: 1,000 (b) Percent of class: 0.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,000 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 1,000 (iv) Shared power to dispose or to direct the disposition of: -0- 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 /___/. CUSIP No. 125708107 13G Page 14 of 17 Pages 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. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. DATED: March 16, 1998 London Merchant Securities plc By: /s/ Robert A. Rayne Robert A. Rayne Director Lion Investments Limited By: /s/ Robert A. Rayne Robert A. Rayne Director (Signatures continued on next page) CUSIP No. 125708107 13G Page 15 of 17 Pages (Signatures continued from previous page) Westpool Investment Trust plc By: /s/ Robert A. Rayne Robert A. Rayne Director /s/ Robert A. Rayne Robert A. Rayne /s/ Eugene M. Weber Eugene M. Weber /s/ Morris Cheston III Morris Cheston III /s/ Angela G. Weber Angela G. Weber 13G CUSIP No. 125708107 Page 16 of 17 Pages EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13D OR 13G The undersigned agree to file jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases by the undersigned of common stock of Digital Generation Systems, Inc. For that purpose, the undersigned hereby constitute and appoint London Merchant Securities plc, a limited company organized under the laws of England and Wales, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present. DATED: May 10, 1997 London Merchant Securities plc By: /s/ Robert A. Rayne Robert A. Rayne Director Lion Investments Limited By: /s/ Robert A. Rayne Robert A. Rayne Director Westpool Investment Trust plc By: /s/ Robert A. Rayne Robert A. Rayne Director (Signatures continued on next page) 13G CUSIP No. 125708107 Page 17 of 17 Pages (Signatures continued from previous page) /s/ Robert A. Rayne Robert A. Rayne /s/ Iain MacPhail Iain MacPhail /s/Eugene M. Weber Eugene M. Weber /s/ Morris Cheston III Morris Cheston III /s/ Angela G. Weber Angela G. Weber -----END PRIVACY-ENHANCED MESSAGE-----