This may mean that, if it was Pinkas that bailed, we may not see a disclosure???? I'm confused. I'll try to figure it out later, but wanted to post in the event that others wanted to start digging. It looks like Pinkas may have largely bailed prior to 1/15/99? Shaker now owns the Morgenthaller and Pinkas shares?? That might explain a lot about the behavior of this sucker. Please note that the beneficial ownership listed in the previous post was from 1/15/99.......
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
On March 10, 1998 and October 14, 1998, 228,766 shares of Common Stock
owned by Brantley Venture Partners, L.P. ("BVP") and 296,842 shares of Common
Stock owned by Brantley Ventures II, L.P. ("BVP II"), respectively, were
distributed to the partners of each entity. Mr. Robert P. Pinkas, a Director of
the Company, is a general partner of Family Partners, the general partner of
each of BVM and BVM II, the general partners, respectively, of BVP and BVP II.
As a result, Mr. Pinkas is deemed to beneficially own the shares of Common Stock
held by BVP and BVP II. Due to an administrative oversight, the Statement of
Changes of Beneficial Ownership of Securities on Form 4 to report such
distributions was not filed in a timely manner. These distributions were
subsequently reported on a Form 5 Annual Statement of Beneficial Ownership of
Securities (the "Form 5") that was not filed in a timely manner. In addition,
Mr. John L. Ufheil received options to purchase 6,000 shares of Common Stock on
April 1, 1998. The Form 5 to report such option grant was not filed in a timely
manner due to an administrative oversight. |
