-----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, QGUZV1L5ZOlbUywJ5IiJINtwnOxdW9Ehb3DUMfJpOxLm6CKkA39cQ9dlytQRusCd s0pchIaMs63R15b8iUoNdw== 0000950142-02-000529.txt : 20020606 0000950142-02-000529.hdr.sgml : 20020606 20020603141115 ACCESSION NUMBER: 0000950142-02-000529 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020603 GROUP MEMBERS: ENDICOTT MANAGEMENT CO. GROUP MEMBERS: ENDICOTT OFFSHORE INVESTORS, LTD. GROUP MEMBERS: ENDICOTT PARTNERS II, L.P. GROUP MEMBERS: ENDICOTT PARTNERS, L.P. GROUP MEMBERS: ROBERT I. USDAN GROUP MEMBERS: W.R. ENDICOTT, L.L.C. GROUP MEMBERS: WAYNE K. GOLDSTEIN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ENDICOTT MANAGEMENT CO CENTRAL INDEX KEY: 0001165248 IRS NUMBER: 133890457 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 237 PARK AVE. STREET 2: SUITE 801 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128083767 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WILLIS LEASE FINANCE CORP CENTRAL INDEX KEY: 0001018164 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 680070656 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49935 FILM NUMBER: 02668730 BUSINESS ADDRESS: STREET 1: 2320 MARINSHIP WAY STREET 2: STE 300 CITY: SAUSALITO STATE: CA ZIP: 94965 BUSINESS PHONE: 4153315281 MAIL ADDRESS: STREET 1: 2320 MARINSHIP WAY STREET 2: SUITE 300 CITY: SAUSALITO STATE: CA ZIP: 94965 SC 13G 1 sc13g-willis.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._____ )* WILLIS LEASE FINANCE CORPORATION -------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE -------------------------------------- (Title of Class of Securities) 970646105 --------- (CUSIP Number) MAY 22, 2002 (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 reminder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 970646105 Schedule 13G Page 2 of 15 --------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person Endicott Partners, L.P. S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 156,700 Beneficially (6) Shared Voting Power 0 Owned by Each (7) Sole Dispositive Power 156,700 Reporting Person (8) Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 156,700 ------- - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row 9 1.8% ---- - -------------------------------------------------------------------------------- 12. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP NO. 970646105 Schedule 13G Page 3 of 15 --------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person Endicott Partners II, L.P. S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 153,100 Beneficially (6) Shared Voting Power 0 Owned by Each (7) Sole Dispositive Power 153,100 Reporting Person (8) Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 153,100 ------- - -------------------------------------------------------------------------------- 10. Check 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 PN - -------------------------------------------------------------------------------- CUSIP NO. 970646105 Schedule 13G Page 4 of 15 --------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person Endicott Offshore Investors, Ltd. S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization British Virgin Islands - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 144,725 Beneficially (6) Shared Voting Power 0 Owned by Each (7) Sole Dispositive Power 144,725 Reporting Person (8) Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 144,725 ------- - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row 9 1.6% ---- - -------------------------------------------------------------------------------- 12. Type of Reporting Person CO - -------------------------------------------------------------------------------- CUSIP NO. 970646105 Schedule 13G Page 5 of 15 --------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person W.R. Endicott, L.L.C. S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 309,800 Beneficially (6) Shared Voting Power 0 Owned by Each (7) Sole Dispositive Power 309,800 Reporting Person (8) Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 309,800 ------- - -------------------------------------------------------------------------------- 10. Check 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 OO - -------------------------------------------------------------------------------- CUSIP NO. 970646105 Schedule 13G Page 6 of 15 --------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person Endicott Management Co. S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 191,750 Beneficially (6) Shared Voting Power 0 Owned by Each (7) Sole Dispositive Power 191,750 Reporting Person (8) Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 191,750 ------- - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row 9 2.2% ---- - -------------------------------------------------------------------------------- 12. Type of Reporting Person CO - -------------------------------------------------------------------------------- CUSIP NO. 970646105 Schedule 13G Page 7 of 15 --------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person Wayne K. Goldstein S.S. or I.R.S. Identifica- (in the capacity described herein) tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 7,000 Beneficially (6) Shared Voting Power 501,550 Owned by Each (7) Sole Dispositive Power 7,000 Reporting Person (8) Shared Dispositive Power 501,550 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 508,550 ------- - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row 9 5.8% ---- - -------------------------------------------------------------------------------- 12. Type of Reporting Person IN - -------------------------------------------------------------------------------- CUSIP NO. 970646105 Schedule 13G Page 8 of 15 --------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person Robert I. Usdan S.S. or I.R.S. Identifica- (in the capacity described herein) tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 4,600 Beneficially (6) Shared Voting Power 501,550 Owned by Each (7) Sole Dispositive Power 4,600 Reporting Person (8) Shared Dispositive Power 501,550 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 506,150 ------- - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row 9 5.7% ---- - -------------------------------------------------------------------------------- 12. Type of Reporting Person IN - -------------------------------------------------------------------------------- CUSIP NO. 970646105 Schedule 13G Page 9 of 15 --------- ITEM 1. (a) NAME OF ISSUER Willis Lease Finance Corporation (the "Company"). (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 2320 Marinship Way Sausalito, California 94965 ITEM 2. (a) NAMES OF PERSONS FILING (i) Endicott Partners, LP, a Delaware limited partnership ("EPLP"); (ii) Endicott Partners II, L.P., a Delaware limited partnership ("EPII"); (iii) Endicott Offshore Investors, Ltd., a British Virgin Islands international business company ("EOI"); (iv) W.R. Endicott, L.L.C., a Delaware limited liability company ("WRE LLC") and general partner of EPLP and EPII; (v) Endicott Management Co., a Delaware corporation ("Endicott Management") and advisor to EPLP, EPII, EOI and two managed accounts.; (vi) Wayne K. Goldstein ("Mr. Goldstein"), a Managing Member of WRE LLC and Co-President of Endicott Management; and (vii) Robert I. Usdan ("Mr. Usdan"), a Managing Member of WRE LLC and Co-President of Endicott Management. (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE The address of the principal business offices of each of (i) EPLP, (ii) EPII, (iii) WRE LLC, (iv) Endicott Management, (v) Mr. Goldstein and (vi) Mr. Usdan is 237 Park Avenue, Suite 801, New York, New York 10017. The address of the principal business offices of EOI is c/o Trident Fund Services (B.V.I.) Ltd, Wickhams Cay, P.O. Box 146, Road Town, Tortola, British Virgin Islands. (c) CITIZENSHIP EPLP-- a Delaware limited partnership EPII-- a Delaware limited partnership EOI-- a British Virgin Islands international business company WRE LLC-- a Delaware limited liability company Endicott Management-- a Delaware corporation Mr. Goldstein-- United States Mr. Usdan-- United States CUSIP NO. 970646105 Schedule 13G Page 10 of 15 --------- (d) TITLE OF CLASS OF SECURITIES Common Stock, par value $.01 per share (the "Common Stock" or "Shares") (e) CUSIP NUMBER 970646105 ITEM 3. This statement is not filed pursuant to either Rule 13d-1(b) or 13d-2(b) or (c). ITEM 4. OWNERSHIP. (a) AMOUNT BENEFICIALLY OWNED: EPLP may be deemed to beneficially own 156,700 Shares. EPII may be deemed to beneficially own 153,100 Shares. EOI may be deemed to beneficially own 144,725 Shares. WRE LLC may be deemed to beneficially own 309,800 Shares as a result of its voting and dispositive power over: (i) the 156,700 Shares held by EPLP and (ii) the 153,100 Shares held by EPII. Endicott Management may be deemed to beneficially own 191,750 Shares as a result of its voting and dispositive power over (i) the 144,725 Shares held by EOI; and (ii) the 47,025 Shares held by two managed accounts. Messrs. Goldstein and Usdan may each be deemed to beneficially own 501,550 Shares by virtue of his ultimate voting and dispositive power over: (i) the 156,700 Shares held by EPLP; (ii) the 153,100 Shares held by EPII; (iii) the 144,725 Shares held by EOI; and (iv) the 47,025 Shares held by the two managed accounts. In addition, Mr. Goldstein and Mr. Usdan, respectively, may be deemed to beneficially own an additional 7,000 Shares and 4,600 Shares, respectively, held directly by each of them. (b) PERCENTAGE BENEFICIALLY OWNED: Based on calculations made in accordance with Rule 13d-3(d), and there being 8,830,181 Shares outstanding (as of April 15, 2002, as disclosed by the Company in its Quarterly Report on Form 10-Q for the period ended March 31, 2002 as filed with the Securities and Exchange Commission on May 15, 2002), (i) EPLP may be deemed to beneficially own approximately 1.8% of the outstanding Shares, (ii) EPII may be deemed to beneficially own approximately 1.7% of the outstanding Shares, (iii) EOI may be deemed to beneficially own approximately 1.6% of the outstanding Shares, (iv) WRE LLC may be deemed to beneficially own CUSIP NO. 970646105 Schedule 13G Page 11 of 15 --------- approximately 3.5% of the outstanding Shares, (v) Endicott Management may be deemed to beneficially own approximately 2.2% of the outstanding Shares, (vi) Mr. Goldstein may be deemed to beneficially own approximately 5.8% of the outstanding Shares and (ix) Mr. Usdan may be deemed to beneficially own 5.7% of the outstanding Shares. (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) EPLP may be deemed to have sole power to direct the voting and disposition of the 156,700 Shares it beneficially owns. EPII may be deemed to have sole power to direct the voting and disposition of the 153,100 Shares it beneficially owns. EOI may be deemed to have sole power to direct the voting and disposition of the 144,725 Shares it beneficially owns. WRE LLC may be deemed to have sole power to direct the voting and disposition of the 309,800 Shares it beneficially owns by virtue of the relationships described in Item 2. Endicott Management may be deemed to have sole power to direct the voting and disposition of the 191,750 Shares it may be deemed to beneficially own by virtue of the relationships described in Item 2. Mr. Goldstein may be deemed to have sole power to direct the voting and disposition of 7,000 Shares that he beneficially owns directly. Mr. Usdan may be deemed to have sole power to direct the voting and disposition of 4,600 Shares he beneficially owns directly. (ii) By virtue of the relationships between and among the Reporting Persons as described in Item 2, each of Messrs. Goldstein and Usdan, may be deemed to share the power to direct the voting and disposition of 501,550 Shares. 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 The limited partners and the general partner of EPLP and EPII and the shareholders and advisor of EOI and the shareholders of two managed accounts have the right to participate in the receipt of dividends from, or proceeds from the sale of, the securities held for the account of EPLP, EPII, EOI and the two managed accounts in accordance with their ownership interests in such entities. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. CUSIP NO. 970646105 Schedule 13G Page 12 of 15 --------- ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP See Item 2. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION By signing below we certify that, to the best of our 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. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] CUSIP NO. 970646105 Schedule 13G Page 13 of 15 --------- SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated as of June 3, 2002 ENDICOTT PARTNERS, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT PARTNERS II, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT, L.L.C. By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT OFFSHORE INVESTORS, LTD. By: /s/ Robert I. Usdan --------------------------------------- Name: Robert I. Usdan Title: Director CUSIP NO. 970646105 Schedule 13G Page 14 of 15 --------- ENDICOTT MANAGEMENT CO. By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Co-President /s/ Wayne K. Goldstein -------------------------------------------- Wayne K. Goldstein /s/ Robert I. Usdan -------------------------------------------- Robert I. Usdan CUSIP NO. 970646105 Schedule 13G Page 15 of 15 --------- EXHIBIT INDEX ------------- Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. EX-99 3 ex1sc13g-willis.txt EXHIBIT 1 EXHIBIT 1 --------- JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate. Dated as of June 3, 2002 ENDICOTT PARTNERS, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT PARTNERS II, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT, L.L.C. By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT OFFSHORE INVESTORS, LTD. By: /s/ Robert I. Usdan --------------------------------------- Name: Robert I. Usdan Title: Director ENDICOTT MANAGEMENT CO. By: /s/ Wayne K. Goldstein --------------------------------------- Name: Wayne K. Goldstein Title: Co-President /s/ Wayne K. Goldstein -------------------------------------------- Wayne K. Goldstein /s/ Robert I. Usdan -------------------------------------------- Robert I. Usdan -----END PRIVACY-ENHANCED MESSAGE-----