-----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, QHZoMDc0UuS5G82gtI4HYY/tXB4/f1BY7YTdlZPfrCjBMFypwV0ycSCf+JyuFKzC DLvDxW8+OvQsN8j8M3Ztqg== 0000909518-98-000071.txt : 19980206 0000909518-98-000071.hdr.sgml : 19980206 ACCESSION NUMBER: 0000909518-98-000071 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980205 SROS: NASD GROUP MEMBERS: CLIPPER / MERBAN, L.P. GROUP MEMBERS: CLIPPER / MERCHANT PARTNERS, L.P. GROUP MEMBERS: CLIPPER CAPITAL ASSOCIATES INC GROUP MEMBERS: CLIPPER CAPITAL ASSOCIATES, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHWAYMASTER COMMUNICATIONS INC CENTRAL INDEX KEY: 0000944400 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 510352879 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-47033 FILM NUMBER: 98522770 BUSINESS ADDRESS: STREET 1: 16479 DALLAS PKWY STREET 2: STE 710 CITY: DALLAS STATE: TX ZIP: 75248 BUSINESS PHONE: 2147322500 MAIL ADDRESS: STREET 1: 16479 DALLAS PARKWAY STREET 2: STE 710 CITY: DALLAS STATE: TX ZIP: 75248 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CLIPPER CAPITAL ASSOCIATES INC CENTRAL INDEX KEY: 0001023295 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133706407 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 11 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2127155742 MAIL ADDRESS: STREET 1: 11 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 SC 13G/A 1 13G AMENDMENT NO. 2 ================================================================================ 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. 2)* HIGHWAYMASTER COMMUNICATIONS, INC. - -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, $0.01 PAR VALUE 431263 10 2 - --------------------------------------------- --------------------------------- (TITLE OF CLASS OF SECURITIES) (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 10 Pages) ================================================================================ NYFS03...:\15\36315\0013\1708\SCH1288M.30A - -------------------------------------- ---------------------------------- CUSIP No. 431263 10 2 13G Page 2 of 10 pages - -------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 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] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF DELAWARE ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 1,336,016 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING -------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 1,336,016 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY 1,336,016 OWNED BY REPORTING PERSON: - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------- - -------------------------------------- ---------------------------------- CUSIP No. 431263 10 2 13G Page 3 of 10 pages - -------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 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 DELAWARE ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 657,889 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING -------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 657,889 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY 657,889 OWNED BY REPORTING PERSON: - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------- - -------------------------------------- ---------------------------------- CUSIP No. 431263 10 2 13G Page 4 of 10 pages - -------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: CLIPPER/MERBAN, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0137328 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF DELAWARE ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 666,322 OWNED BY ------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 666,322 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY 666,322 OWNED BY REPORTING PERSON: - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------- - -------------------------------------- ---------------------------------- CUSIP No. 431263 10 2 13G Page 5 of 10 pages - -------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: CLIPPER CAPITAL ASSOCIATES, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3706407 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF DELAWARE ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER: 0 SHARES -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER: 1,336,016 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER: 0 REPORTING -------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER: 1,336,016 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY 1,336,016 OWNED BY REPORTING PERSON: - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON: CO - -------------------------------------------------------------------------------- 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 except Clipper/Merban, L.P.: 650 Madison Avenue New York, New York 10022 For Clipper/Merban, L.P.: De Ruyterkade 62 P.O Box 812 Curacao Netherlands Antilles (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 Page 6 of 10 (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. (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. As of the date hereof, 666,322 shares of common stock, par value $.01 per Page 7 of 10 share (the "Shares"), of HighwayMaster Communications, Inc. (the "Company") are beneficially owned by Clipper/Merban, L.P. ("Merban"), 657,889 Shares are beneficially owned by Clipper/Merchant Partners, L.P. ("Merchant") and 11,805 Shares are beneficially owned by Clipper Capital Associates, L.P. ("CCA"). CCA is the sole general partner of Merchant. Pursuant to the limited partnership agreements of Merban and Merchant, CCA is the investment general partner, with sole investment authority and power to vote or direct the vote, and to dispose or to direct the disposition of, Shares held by Merban and Merchant. Accordingly, for purposes hereof, CCA may be deemed to respectively share with each of Merban and Merchant the power to vote or direct the vote, and to dispose or to direct the disposition of, Shares held by Merban and Merchant. Moreover, Clipper Capital Associates, Inc. ("CCA, Inc.") is the sole general partner of CCA. Accordingly, for purposes hereof, CCA, Inc. may also be deemed to share the power to vote or direct the vote, and to dispose or to direct the disposition of, the Shares held directly by CCA, Merban and Merchant. The Reporting Persons have previously filed a Schedule 13G and an Amendment No. 1 thereto under the belief that, as a result of an Amended and Restated Stockholders Agreement, the Reporting Persons may be deemed to be members of a "group" within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, and accordingly may be deemed to have beneficial ownership of all Shares subject to the Agreement. In their previously filed Schedule 13G and Amendment No. 1 thereto, each of the Reporting Persons has expressly disclaimed (i) membership in such group and (ii) beneficial ownership of such shares. The Reporting Persons no longer believe they may be deemed to be members of a "group" within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934 and no longer believe they may have beneficial ownership of all Shares subject to the Amended and Restated Stockholders Agreement. ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. Page 8 of 10 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. Page 9 of 10 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 4, 1998 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 -------------------------------------- Name: Eugene P. Lynch Title: Treasurer and Secretary Page 10 of 10 -----END PRIVACY-ENHANCED MESSAGE-----