SC 13G/A 1 0001.txt AMENDMENT NO. 2 TO SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------- SCHEDULE 13G (Amendment No. 2) (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) and (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) Royal Precision, Inc. --------------------- (Name of Issuer) Common Stock, par value $.001 per share --------------------------------------- (Title of Class of Securities) 780921-10-2 -------------- (CUSIP Number) --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 2 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Berenson Minella & Co. 1993 Profit Sharing Plan ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 96,343 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 96,343 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 96,343 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* EP ----------------------------------------------------------------------------- --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 3 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Berenson, Minella & Co. 1996 Profit Sharing Plan ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 157,295 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 157,295 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 157,295 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.8% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* EP ----------------------------------------------------------------------------- --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 4 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Berenson, Minella & Company, LLC ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 9,781 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 9,781 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,781 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Less than 1% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO ----------------------------------------------------------------------------- --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 5 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Raymond J. Minella ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 709,696 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 446,277 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 263,419 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 709,696 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.5% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 6 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Jeffrey L. Berenson ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 606,609 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 343,190 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 263,419 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 606,609 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 7 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Richard P. Johnston ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 792,609 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 25,052 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 767,557 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 792,609 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 8 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Jayne Johnston ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 792,609 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 792,609 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 792,609 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------ CUSIP NO. 780921-10-2 PAGE 9 OF 38 PAGES --------------------- ------------------ 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Johnston Family Living Trust u/a dtd 4/11/94 ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Wyoming, United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 35,848 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 35,848 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,848 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Less than 1% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 10 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Johnston Family Charitable Remainder Trust #3 ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Indiana, United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 731,709 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 731,709 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 731,709 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.9% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 11 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Danny Edwards ----------------------------------------------------------------------------- 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 of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 603,152 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 603,152 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 603,152 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.5% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 12 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Kenneth J. Warren ----------------------------------------------------------------------------- 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 of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 364,995 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 364,995 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 364,995 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.4% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 13 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS David E. Johnston ----------------------------------------------------------------------------- 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 of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 219,875 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 219,875 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 219,875 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.9% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 14 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989 ----------------------------------------------------------------------------- 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 of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 209,632 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 2,247 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 207,385 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 209,632 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 15 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Bennett Dorrance ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 209,632 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 209,632 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 209,632 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 16 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Drew M. Brown ----------------------------------------------------------------------------- 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 of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 207,779 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 394 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 207,385 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207,779 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 17 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Mark N. Sklar ----------------------------------------------------------------------------- 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 of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 207,779 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 394 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 207,385 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207,779 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 18 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS DMB GP, INC. ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Arizona, United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 207,385 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER 207,385 ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207,385 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO ----------------------------------------------------------------------------- --------------------- ------------------- CUSIP NO. 780921-10-2 PAGE 19 OF 38 PAGES --------------------- ------------------- 1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS DMB Property Ventures Limited Partnership ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ----------------------------------------------------------------------------- 3 SEC USE ONLY ----------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America ----------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF ------------------------------------------------------------ SHARES 6 SHARED VOTING POWER BENEFICIALLY 207,385 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 207,385 PERSON ------------------------------------------------------------ WITH 8 SHARED DISPOSITIVE POWER ------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207,385 ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] ----------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% ----------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ----------------------------------------------------------------------------- ITEM 1(a). NAME OF ISSUER: Royal Precision, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 15170 North Hayden Road, Suite 1 Scottsdale, Arizona 85260 ITEM 2(a). NAME OF PERSON FILING: On May 12, 1997, Danny Edwards, Drew M. Brown, DMB Property Ventures Limited Partnership, the general partner of which is DMB GP, Inc. (the shareholders of DMB GP, Inc. are Drew M. Brown, Mark N. Sklar and the Bennett Dorrance Trust dated April 21, 1989), Mark N. Sklar and Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989 (the "Edwards Parties") and Christopher A. Johnston, RPJ/JAJ Partners, Ltd., the general partners of which are Richard P. Johnston and Jayne Johnston, David E. Johnston, Berenson Minella & Company, L.P, and Kenneth J. Warren (the "Johnston Parties") entered into a stockholder agreement (the "Stockholder Agreement") whereby the parties agreed that the Royal Precision, Inc. ("RP") board of directors shall be composed of nine members, three of which will be elected by the Edwards Parties and six of which will be elected by the Johnston parties. Berenson Minella & Company, L.P. merged with Berenson Minella & Co., LLC, with the LLC surviving and succeeding to the interest in the RP shares. In connection therewith, substantially all of the shares were distributed to the partners of Berenson Minella & Company, L.P. (including Raymond J. Minella, Jeffrey L. Berenson), and the two profit sharing plans of the survivor of the merger. Pursuant to the terms of the Stockholder Agreement, those parties became parties to the Stockholder Agreement (and members of the Group). RPJ/JAJ Partners, Ltd. transferred 626,309 of its common shares of RP to the Johnston Family Charitable Remainder Trust #3 ("Johnston Trust #3") after the date of the Stockholder Agreement. Also, after the date of the Stockholder Agreement, the Johnston Family Living Trust u/a dtd. 4/11/94 (the "Johnston Living Trust") purchased 24,100 shares. The trustees of the Johnston Trust #3 and the Johnston Living Trust are Richard P. Johnston and Jayne Johnston. Therefore, pursuant to the terms of the Stockholder Agreement, the Johnston Trust #3 and the Johnston Living Trust are parties to the Stockholder Agreement (and members of the Group). The Stockholder Agreement was amended to remove Christopher A. Johnston as a party to the Stockholder Agreement and Christopher A. Johnston is no longer a party to the Group as reported in Amendment No. 1 to this 13G. This Schedule 13G is filed by all of the current parties to the Stockholder Agreement as a Group and by the parties to the Stockholder Agreement individually. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Group Address: Richard P. Johnston 4350 Greens Place Wilson, Wyoming 83014 Copy to: Kenneth J. Warren, Esq. 5920 Cromdale Drive, Suite 1 Dublin, Ohio 43017 Page 20 of 38 Pages Berenson Minella & Co. 1993 Profit Sharing Plan 667 Madison Avenue New York, New York 10021 Berenson, Minella & Co. 1996 Profit Sharing Plan 667 Madison Avenue New York, New York 10021 Berenson Minella & Company LLC 667 Madison Avenue New York, New York 10021 Raymond J. Minella 667 Madison Avenue New York, New York 10021 Jeffrey L. Berenson 667 Madison Avenue New York, New York 10021 Richard P. Johnston 4350 Greens Place Wilson, Wyoming 83014 Jayne Johnston 4350 Greens Place Wilson, Wyoming 83014 Johnston Family Living Trust u/a dtd 4/11/94 4350 Greens Place Wilson, Wyoming 83014 Johnston Family Charitable Remainder Trust #3 4350 Greens Place Wilson, Wyoming 83014 Danny Edwards 26420 North Wrangler Road Scottsdale, Arizona 85225 Kenneth J. Warren 5920 Cromdale Drive, Suite 1 Dublin, Ohio 43017 David E. Johnston 1935 West Muirfield Loop Tucson, Arizona 85737 Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989 4201 North 24th Street, Suite 120 Phoenix, Arizona 85016 Page 21 of 38 Pages Bennett Dorrance 4201 North 24th Street, Suite 120 Phoenix, Arizona 85016 Drew M. Brown 4201 North 24th Street, Suite 120 Phoenix, Arizona 85016 Mark N. Sklar 4201 North 24th Street, Suite 120 Phoenix, Arizona 85016 DMB Property Ventures Limited Partnership 4201 North 24th Street, Suite 120 Phoenix, Arizona 85016 DMB GP, Inc. 4201 North 24th Street, Suite 120 Phoenix, Arizona 85016 ITEM 2(C). CITIZENSHIP: Raymond J. Minella, Jeffrey L. Berenson, Richard P. Johnston, Jayne Johnston, Danny Edwards, Kenneth J. Warren, David E. Johnston, Bennett Dorrance, Drew M. Brown and Mark N. Sklar are citizens of the United States of America. Berenson Minella & Company, LLC is a Delaware limited liability company and the 1993 Profit Sharing Plan and the 1996 Profit Sharing Plan are plans for the benefit of employees of Berenson Minella & Company, LLC. DMB Property Ventures Limited Partnership is a Delaware limited partnership. DMB GP, Inc. is an Arizona corporation. Johnston Family Charitable Remainder Trust #3 is domiciled in the State of Indiana. Johnston Family Living Trust is domiciled in the State of Wyoming. ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $.001 per share ITEM 2(e). CUSIP NUMBER: 780921-10-2 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: (not applicable) (a) Broker or dealer registered under Section 15 of the Act, (b) Bank as defined in Section 3(a)(6) of the Act, (c) Insurance Company as defined in Section 3(a)(19) of the Act, (d) Investment Company registered under Section 8 of the Investment Company Act, Page 22 of 38 Pages (e) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; SEE 13d-1(b)(1)(ii)(F), (g) Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); SEE Item 7, (h) Group, in accordance with Rule 13d-1(b)(1)(ii)(H). ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: Group: 3,233,340 common shares including 127,381 common shares subject to options exercisable within 60 days. Berenson-Minella 1993 Profit Sharing Plan: 96,343 common shares. This plan expressly declares that its filing of this Schedule 13G shall not be construed as an admission that it is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 (the "Act"), the beneficial owner of any other securities covered by this Schedule 13G. Berenson-Minella 1996 Profit Sharing Plan: 157,295 common shares. This plan expressly declares that its filing of this Schedule 13G shall not be construed as an admission that it is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any other securities covered by this Schedule 13G. Berenson-Minella & Co. LLC: 9,781 common shares. This company expressly declares that its filing of this Schedule 13G shall not be construed as an admission that it is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any other securities covered by this Schedule 13G. Jeffrey L. Berenson: 343,190 common shares. Mr. Berenson is a member of Berenson, Minella & Co., LLC which also sponsors the Berenson Minella 1993 Profit Sharing Plan and the 1996 Profit Sharing Plan. Mr. Berenson is reporting 9,781 shares owned directly by Berenson Minella & Co. LLC, 157,295 shares owned directly by the 1993 Profit Sharing Plan, and 96,343 shares owned directly by the 1996 Profit Sharing Plan. Mr. Berenson expressly declares that his filing of this Schedule 13G shall not be construed as an admission that he is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G, other than the 343,190 shares. Raymond J. Minella: 437,927 common shares including 8,350 common shares subject to options exercisable within 60 days. Mr. Minella is a member of Berenson, Minella & Co., LLC which also sponsors the Berenson Minella 1993 Profit Sharing Plan and the 1996 Profit Sharing Plan. Mr. Minella is reporting 9,781 shares owned directly by Berenson Minella & Co. LLC, 157,295 shares owned directly by the 1993 Profit Sharing Plan, and 96,343 shares owned directly by the 1996 Profit Sharing Plan. Mr. Minella expressly declares that his filing of this Schedule 13G shall not be construed as an admission that he is, for Page 23 of 38 Pages the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G, other than the 437,927 shares and the 8,350 shares subject to option. Richard P. Johnston: 25,052 common shares subject to options exercisable within 60 days. Mr. Johnston is a trustee of the Johnston Trust #3 and the Johnston Living Trust. Mr. Johnston is reporting 731,709 common shares which are owned directly by the Johnston Trust #3 and 35,848 shares owned directly by the Johnston Living Trust. Mr. Johnston expressly declares that his filing of this Schedule 13G shall not be construed as an admission that he is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the Schedule 13G except for 25,052 common shares subject to options exercisable within 60 days which are owned directly by Mr. Johnston. Jayne Johnston: Mrs. Johnston is the spouse of Richard P. Johnston and a trustee of the Johnston Trust #3 and Johnston Living Trust. Mrs. Johnston is reporting 25,052 common shares which are subject to options exercisable within 60 days which are owned directly by Mr. Johnston, 731,709 shares owned directly by the Johnston Trust #3 and 35,848 shares owned directly by the Johnston Living Trust. Mrs. Johnston expressly declares that her filing of this Schedule 13G shall not be construed as an admission that she is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G. Johnston Family Charitable Remainder Trust #3: 731,709 common shares Johnston Family Living Trust: 35,848 common shares Danny Edwards: 603,152 common shares including 62,550 common shares subject to options exercisable within 60 days and 4,000 owned directly by his spouse of which he disclaims beneficial ownership. Kenneth J. Warren: 364,995 common shares including 20,323 common shares subject to options exercisable within 60 days. David E. Johnston: 219,875 common shares including 11,106 common shares subject to options exercisable within 60 days. Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989: 209,632 common shares. The trust is a shareholder of DMB GP, Inc. which is the sole general partner of DMB Property Ventures Limited Partnership. 207,385 of the common shares the trust is reporting on this Schedule 13G are owned directly by the partnership. The trust expressly declares that its filing of this Schedule 13G shall not be construed as an admission that it is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G except for 2,247 common shares held directly by the trust. Bennett Dorrance: 209,632 common shares. Mr. Dorrance is the trustee of the Bennett Dorrance Trust dated April 21, 1989 which is a shareholder of DMB GP, Inc. DMB GP, Inc. is the sole general partner of DMB Property Ventures Limited Partnership. Both the trust and the partnership are parties to the Stockholder Agreement by which the group was formed. The common shares which Mr. Dorrance is reporting on this Schedule 13G are held directly by the trust and the partnership and Mr. Dorrance expressly declares that his filing of this Schedule 13G shall not be construed as an admission that he is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the Schedule 13G. Page 24 of 38 Pages Drew M. Brown, 207,779 common shares. Mr. Brown is a shareholder of DMB GP, Inc. which is the sole general partner of DMB Property Ventures Limited Partnership. 207,385 of the common shares Mr. Brown is reporting on this Schedule 13G are owned directly by the partnership. Mr. Brown expressly declares that his filing of this Schedule 13G shall not be construed as an admission that he is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G except for 394 common shares owned directly by Mr. Brown. Mark N. Sklar: 207,779 common shares. Mr. Sklar is a shareholder of DMB GP, Inc. which is the sole general partner of DMB Property Ventures Limited Partnership. 207,385 of the common shares Mr. Sklar is reporting on this Schedule 13G are owned directly by the partnership. Mr. Sklar expressly declares that his filing of this Schedule 13G shall not be construed as an admission that he is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G except for 394 common shares owned directly by Mr. Sklar. DMB Property Ventures Limited Partnership: 207,385 common shares. DMB GP, Inc.: 207,385 common shares. DMB GP, Inc. is the sole general partner of DMB Property Ventures Limited Partnership. The common shares which DMB GP, Inc. is reporting on this Schedule 13G are held directly by the partnership and DMB GP, Inc. expressly declares that its filing of this Schedule 13G shall not be construed as an admission that it is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the Schedule 13G. (b) Percent of Class: Group: 56.9% Berenson Minella 1993 Profit Sharing Plan.: 1.7% Berenson Minella 1996 Profit Sharing Plan.: 2.8% Berenson, Minella & Co., LLC.: --% Raymond J. Minella: 12.5% Jeffrey L. Berenson: 10.7% Richard P. Johnston: 14% Jayne Johnston: 14% Johnston Family Charitable Remainder Trust #3: 12.9% Johnston Living Trust: --% Danny Edwards: 10.5% Kenneth J. Warren: 6.4% David E. Johnston: 3.9% Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989: 3.7% Bennett Dorrance: 3.7% Drew M. Brown: 3.7% Mark N. Sklar: 3.7% DMB GP, Inc.: 3.7% DMB Property Ventures Limited Partnership: 3.7% (c) Number of Shares as to which such person has: Group: (i) sole power to vote or to direct the vote: 3,233,340 (ii) shared power to vote or to direct the vote: 0 Page 25 of 38 Pages (iii) sole power to dispose or to direct the disposition of: 3,233,340 (iv) shared power to dispose of or direct the disposition of: 0 Berenson, Minella & Co. 1993 Profit Sharing Plan: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 96,343 (iii) sole power to dispose or to direct the disposition of: 96,343 (iv) shared power to dispose of or direct the disposition of: 0 Berenson, Minella & Co. 1996 Profit Sharing Plan: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 157,295 (iii) sole power to dispose or to direct the disposition of: 157,295 (iv) shared power to dispose of or direct the disposition of: 0 Berenson, Minella & Co. LLC (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 9,781 (iii) sole power to dispose or to direct the disposition of: 9,781 (iv) shared power to dispose of or direct the disposition of: 0 Raymond J. Minella: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 709,696 (iii) sole power to dispose or to direct the disposition of: 446,277 (iv) shared power to dispose of or direct the disposition of: 263,419 Jeffrey L. Berenson: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 606,609 (iii) sole power to dispose or to direct the disposition of: 343,190 (iv) shared power to dispose of or direct the disposition of: 263,419 Page 26 of 38 Pages Richard P. Johnston: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 792,609 (iii) sole power to dispose or to direct the disposition of: 25,052 (iv) shared power to dispose of or direct the disposition of: 767,557 Jayne Johnston: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 792,609 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose of or direct the disposition of: 792,609 Johnston Family Living Trust: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 35,848 (iii) sole power to dispose or to direct the disposition of: 35,848 (iv) shared power to dispose of or direct the disposition of: 0 Johnston Family Charitable Remainder Trust #3: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 731,709 (iii) sole power to dispose or to direct the disposition of: 731,709 (iv) shared power to dispose of or direct the disposition of: 0 Danny Edwards: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 603,152 (iii) sole power to dispose or to direct the disposition of: 603,152 (iv) shared power to dispose of or direct the disposition of: 0 Page 27 of 38 Pages Kenneth J. Warren: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 364,995 (iii) sole power to dispose or to direct the disposition of: 364,995 (iv) shared power to dispose of or direct the disposition of: 0 David E. Johnston: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 219,875 (iii) sole power to dispose or to direct the disposition of: 219,875 (iv) shared power to dispose of or direct the disposition of: 0 Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 209,632 (iii) sole power to dispose or to direct the disposition of: 2,247 (iv) shared power to dispose of or direct the disposition of: 207,385 Bennett Dorrance: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 209,632 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose of or direct the disposition of: 209,632 Drew M. Brown: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 207,779 (iii) sole power to dispose or to direct the disposition of: 394 (iv) shared power to dispose of or direct the disposition of: 207,385 Page 28 of 38 Pages Mark Sklar: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 207,779 (iii) sole power to dispose or to direct the disposition of: 394 (iv) shared power to dispose of or direct the disposition of: 207,385 DMB GP, Inc. (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 207,385 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or direct the disposition of: 207,385 DMB Property Ventures Limited Partnership: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 207,385 (iii) sole power to dispose or to direct the disposition of: 207,385 (iv) shared power to dispose of or direct the disposition of: 0 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. The group has been dissolved by reason of termination of the Stockholders Agreement; and therefore, those members who were five- percent owners by reason of being a member of the group, have ceased to be five- percent owners. See Item 4(b). 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. See response to Item 2(a). Page 29 of 38 Pages ITEM 9. NOTICE OF DISSOLUTION OF GROUP. The group has been dissolved inasmuch as the Stockholders Agreement to which the members of the group were parties was terminated by agreement of the parties on July 3, 2000. All further filings with respect to ownership by former members of the group, if required, will be made in their individual capacity. ITEM 10. CERTIFICATION. Not applicable. Page 30 of 38 Pages SIGNATURES 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. BERENSON, MINELLA & CO. 1993 BERENSON, MINELLA & CO. 1996 PROFIT SHARING PLAN PROFIT SHARING PLAN By: /s/ Gregg Feinstein By: /s/ Gregg Feinstein -------------------------------- ------------------------------------- Gregg Feinstein, Authorized Signer Gregg Feinstein, Authorized Signer Dated: July 18, 2000 Dated: July 18, 2000 ----------------------------- ---------------------------------- BERENSON, MINELLA & CO., LLC. By: /s/ Gregg Feinstein -------------------------------- Gregg Feinstein, Authorized Signer Dated: July 18, 2000 ----------------------------- DMB PROPERTY VENTURES LIMITED DMB GP, INC. PARTNERSHIP By: DMB GP, Inc. By: /s/ Timothy A. Kaehr By: /s/ Timothy A. Kaehr -------------------------------- ------------------------------------- Title: Executive Vice President Title: Executive Vice President ----------------------------- ---------------------------------- Dated: July 18, 2000 Dated: July 18, 2000 ----------------------------- ---------------------------------- /s/ Raymond J. Minella ----------------------------------- Raymond J. Minella Dated: July 18, 2000 ----------------------------- /s/ Jeffrey L. Berenson /s/ Richard P. Johnston ----------------------------------- ---------------------------------------- Jeffrey L. Berenson Richard P. Johnston Dated: July 18, 2000 Dated: June 30, 2000 ----------------------------- ---------------------------------- /s/ Jayne A. Johnston /s/ Danny Edwards ----------------------------------- ---------------------------------------- Jayne Johnston Danny Edwards Dated: June 30, 2000 Dated: July 8, 2000 ----------------------------- ---------------------------------- Page 31 of 38 Pages /s/ Kenneth J. Warren /s/ David E. Johnston ----------------------------------- ---------------------------------------- Kenneth J. Warren David E. Johnston Dated: June 29, 2000 Dated: June 29, 2000 ----------------------------- ---------------------------------- /s/ Bennett Dorrance /s/ Drew Brown ----------------------------------- ---------------------------------------- Bennett Dorrance Drew M. Brown Dated: July 10, 2000 Dated: July 10, 2000 ----------------------------- ---------------------------------- /s/ Mark N. Sklar /s/ Bennett Dorrance ----------------------------------- ---------------------------------------- Mark N. Sklar Bennett Dorrance, Trustee of the Bennett Dorrance Trust Dated: July 11, 2000 Dated: July 10, 2000 ----------------------------- ---------------------------------- /s/ Richard P. Johnston /s/ Jayne A. Johnston ----------------------------------- ---------------------------------------- Richard P. Johnston, trustee of Jayne Johnston, trustee of Johnston Johnston Family Charitable Remainder Family Charitable Remainder Trust #3 Trust #3 Dated: June 30, 2000 Dated: June 30, 2000 ----------------------------- ---------------------------------- Page 32 of 38 Pages EXHIBIT INDEX Sequential Exhibit Description Page No. ------- ----------- ---------- 1 Statement Pursuant to Rule 13d-1(f) 35 2 Stockholder Agreement (incorporated by reference to Exhibit 2 to the Schedule 13G filed by the Group on February 17, 1998) N/A 3 Amendment to Stockholder Agreement (incorporated by reference to Exhibit 3 to the Schedule 13G filed by the Group on February 16, 1999) N/A 4 Termination of Stockholder Agreement dated as of July 3, 2000 37 Page 33 of 38 Pages