-----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, OHd2DtQvXK2zR7QyU9q1s02eWlXjyKfcNMfFUt6g2WpQ/VvJzBxRCVCC8rDMFh2d FIqqjVyxbM4y1pE5z9Ek8g== 0000950116-03-000130.txt : 20030121 0000950116-03-000130.hdr.sgml : 20030120 20030121152512 ACCESSION NUMBER: 0000950116-03-000130 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030121 GROUP MEMBERS: ARETE FOUNDATION GROUP MEMBERS: DANIEL G. COHEN GROUP MEMBERS: EDWARD E. COHEN GROUP MEMBERS: READY CASH INVESTMENT PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRM CORP CENTRAL INDEX KEY: 0000749254 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 930809419 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42009 FILM NUMBER: 03519502 BUSINESS ADDRESS: STREET 1: 5208 N E 122ND AVENUE CITY: PORTLAND STATE: OR ZIP: 97230-1074 BUSINESS PHONE: 5032578766 FORMER COMPANY: FORMER CONFORMED NAME: ALL COPY CORP DATE OF NAME CHANGE: 19911216 FORMER COMPANY: FORMER CONFORMED NAME: TRM COPY CENTERS CORP DATE OF NAME CHANGE: 19940411 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: READYCASH INVESTMENT PARTNERS LP CENTRAL INDEX KEY: 0001065594 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1521 LOCUST ST STREET 2: 4TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2157319450 MAIL ADDRESS: STREET 1: 1521 LOCUST ST STREET 2: 4TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19102 SC 13D/A 1 sc13da.txt SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) TRM COPY CENTERS CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 8762636105 (CUSIP Number) With Copies to: Daniel G. Cohen J. Baur Whittlesey, Esquire ReadyCash Investment Partners, L.P. Ledgewood Law Firm, P.C. c/o ReadyCash GP, Inc. 1521 Locust Street - 8th Fl. 1521 Locust Street Philadelphia, PA 19102 Philadelphia, PA 19103 (215) 731-9450 (215) 546-5005 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Various dates as set forth in Item 5(b) (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] (Continued on following pages) Page 1 of 9 - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 2 of 9 - ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) ReadyCash Investment Partners, L.P. 23-2948913 - ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] - ----------- -------------------------------------------------------------------- (3) SEC USE ONLY - ----------- -------------------------------------------------------------------- (4) Source of Funds WC - ----------- -------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization Commonwealth of Pennsylvania - ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 40,000(1) Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting 0 Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 40,000(2) ------------- ---------------------------------------- (10) Shared Dispositive Power 0 - ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 40,000 (1) - ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ X ] - ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ----------- -------------------------------------------------------------------- (14) Type of Reporting Person PN - ----------- -------------------------------------------------------------------- (1) Includes 40,000 shares of Common Stock issuable upon exercise of warrants held by the Reporting Person. Excludes: (a) 177,777 shares of Common Stock issuable upon conversion of Series A Preferred Stock to Common Stock, as the Reporting Person automatically dissolves and liquidates upon such conversion; (b) 234,920 shares of Common Stock issuable upon conversion of Series A Preferred Stock held by third parties, as irrevocable proxies with respect thereto terminate upon conversion of the Series A Preferred Stock. (2) Includes 40,000 shares of Common Stock issuable upon exercise of warrants held by the Reporting Person. Excludes 177,777 shares of Common Stock issuable upon conversion of Series A Preferred Stock to Common Stock, as the Reporting Person automatically dissolves and liquidates upon such conversion - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 3 of 9 - ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Daniel G. Cohen - ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] - ----------- -------------------------------------------------------------------- (3) SEC USE ONLY - ----------- -------------------------------------------------------------------- (4) Source of Funds PF - ----------- -------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 685,056(1) Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting 229,934(2) Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 685,056(1) ------------- ---------------------------------------- (10) Shared Dispositive Power 229,934(2) - ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 914,990(1)(2)(3) - ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ X ] - ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 13% - ----------- -------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN - ----------- -------------------------------------------------------------------- (1) Includes: (a) options to purchase 206,250 shares of Common Stock exercisable within 60 days; (b) 478,672 shares of Common Stock acquired by Mr. Cohen; and (c) 179 shares of Series A Preferred Stock owned by Mr. Cohen together with his wife which are convertible into 134 shares of Common Stock. (2) Includes: (a) 189,934 shares of Common Stock owned by a partnership, the partners of which include Daniel Cohen and Edward Cohen and (b) warrants to purchase 40,000 shares of Common Stock exerciseable within 60 days held by ReadyCash Investment Partners, L.P. (3) Excludes: (a) 177,777 shares of Common Stock issuable upon conversion of Series A Preferred Stock owned by ReadyCash Investment Partners, L.P. ("RCIP"), as RCIP automatically dissolves and liquidates upon such conversion and (b) 234,920 shares of Common Stock issuable upon conversion of Series A Preferred Stock held by third parties who have granted irrevocable proxies to RCIP, as such irrevocable proxies terminate upon conversion of the Series A Preferred Stock. - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 4 of 9 - ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Edward E. Cohen - ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] - ----------- -------------------------------------------------------------------- (3) SEC USE ONLY - ----------- -------------------------------------------------------------------- (4) Source of Funds PF - ----------- -------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 167,744(1) Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting 229,934(2) Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 167,744(1) ------------- ---------------------------------------- (10) Shared Dispositive Power 229,934(2) - ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 397,678(1)(2)(3) - ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ X ] - ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.6% - ----------- -------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN - ----------- -------------------------------------------------------------------- (1) Includes: (a) options to purchase 123,750 shares of Common Stock exercisable within 60 days and (b) 43,994 shares of Common Stock owned by an individual retirement account for the benefit of Mr. Cohen. (2) Includes: (a) warrants to purchase 40,000 shares of Common Stock exercisable within 60 days held by ReadyCash Investment Partners, L.P. ("RCIP"); and (b) 189,934 shares of Common Stock owned by a partnership, the partners of which include Daniel Cohen and Edward Cohen. (3) Excludes: (a) 177,777 shares of Common Stock issuable upon conversion of Series A Preferred Stock owned by RCIP, as RCIP automatically dissolves and liquidates upon such conversion and (b) 234,920 shares of Common Stock issuable upon conversion of Series A Preferred Stock held by third parties who have granted irrevocable proxies to RCIP, as such irrevocable proxies terminate upon conversion of the Series A Preferred Stock. - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 5 of 9 - ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Arete Foundation 23-6779271 - ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] - ----------- -------------------------------------------------------------------- (3) SEC USE ONLY - ----------- -------------------------------------------------------------------- (4) Source of Funds WC - ----------- -------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization Commonwealth of Pennsylvania - ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 40,940 Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 40,940 ------------- ---------------------------------------- (10) Shared Dispositive Power - ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 40,940 - ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% - ----------- -------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) OO - ----------- -------------------------------------------------------------------- - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 6 of 9 - ---------------------------- -------------------------------- ------------------ Item 1. Security and Issuer This statement relates to the Common Stock, no par value, of TRM Copy Centers Corporation (the "Issuer" or "TRM"). The principal executive offices of the Issuer are located at 5208 NE 122nd Avenue, Portland, Oregon 97230-1074. Item 2. Identity and Background No change for ReadyCash Investment Partners, L.P. or Arete Foundation. As to Daniel G. Cohen: (a) Daniel G. Cohen (b) 1818 Market St., 28th Floor, Philadelphia, PA 19103 (business address) (c) Daniel Cohen was elected a director and Chairman of the Executive Committee of the Board of Directors of TRM Corporation in June 1998. He was elected Chairman of the Board of TheBancorp, Inc., a bank holding company, in September 2000. Mr. Cohen has been Chairman of the Executive Committee of TheBancorp, Inc. since 1999, and Chief Executive officer of TheBancorp, Inc. from 1999 until September 2000. Mr. Cohen has been Chairman, CEO and President of Cohen Bros. & Co., a registered broker-dealer, since 2001. From 1995 through 2000, Mr. Cohen was an officer and director of Resource America, Inc., a specialty finance company. Mr. Cohen is the son of Edward E. Cohen. (d) None (e) None (f) United States As to Edward E. Cohen: (a) Edward E. Cohen (b) 1845 Walnut St., 10th Floor, Philadelphia, PA 19103 (c) Edward E. Cohen has been a member of the Board of Directors of TRM Corporation since 1998. He has been the Chairman of Resource America, Inc., a specialty finance company, since 1990 and the Chief Executive Officer since 1988. Mr. Cohen has been the Chairman of the Board of Brandywine Construction & Management, Inc., a property management company, since 1994. Mr. Cohen is the father of Daniel G. Cohen. (d) None (e) None (f) United States Item 3. Source and Amount of Funds or Other Consideration No change as to RCIP, Edward E. Cohen or Arete Foundation. The source of funds for Daniel G. Cohen was personal funds. The amount used by Daniel G. Cohen was $92,409. Item 4. Purpose of Transaction No change as to RCIP, Edward E. Cohen or Arete Foundation. As to Daniel G. Cohen, the purpose of the transactions described in Item 5 below was personal investment. - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 7 of 9 - ---------------------------- -------------------------------- ------------------ Item 5. Interest in Securities of the Issuer. (a) No change as to Arete Foundation. For Daniel G. Cohen, RCIP and Edward E. Cohen, see the information provided on the cover pages above. (1) (b) No change for Arete Foundation. For Daniel G. Cohen, RCIP and Edward E. Cohen, see the information provided on the cover pages above. (c) RCIP - None Edward E. Cohen - None Arete Foundation - None The following transactions set forth below for Daniel G. Cohen, were effected on the open market. Trade Date Shares Price 22- Jan, 2002 1,000 $1.40000 22- Jan, 2002 1,000 $1.50000 30- Jan, 2002 900 $1.70000 30- Jan, 2002 400 $1.40000 30- Jan, 2002 1,600 $1.79000 30- Jan, 2002 100 $1.71000 30- Jan, 2002 300 $1.70000 30- Jan, 2002 500 $1.55000 30- Jan, 2002 600 $1.51000 30- Jan, 2002 100 $1.91000 30- Jan, 2002 2,000 $1.50000 30- Jan, 2002 2,000 $1.50000 30- Jan, 2002 1,400 $1.49000 30- Jan, 2002 1,000 $1.95000 30- Jan, 2002 500 $1.80000 31- Jan, 2002 200 $1.90000 31- Jan, 2002 100 $1.98000 31- Jan, 2002 900 $1.95000 31- Jan, 2002 1,000 $1.99000 31- Jan, 2002 2,000 $1.90000 01-Feb, 2002 1,100 $2.05000 01-Feb, 2002 1,000 $2.10000 01-Feb, 2002 900 $2.10000 24-Oct, 2002 50,000 $0.29950 25-Oct, 2002 7,000 $0.25000 1-Nov, 2002 25,000 $0.25000 14-Nov, 2002 9,800 $0.74180 20-Nov, 2002 8,000 $0.60000 21-Nov, 2002 8,400 $0.60000 25-Nov, 2002 23,800 $0.60000 26-Nov, 2002 3,000 $0.58000 29-Nov, 2002 100 $0.55000 6-Dec, 2002 10,000 $0.55000 9-Dec, 2002 10,000 $0.50000 10-Dec, 2002 15,000 $0.51000 11-Dec, 2002 9,000 $0.50000 12-Dec, 2002 21,100 $0.54030 16-Dec, 2002 4,000 $0.55000 27-Dec, 2002 27,900 $0.54000 In addition to the above-listed transactions, between October 26, 2000 and December 27, 2001 Mr. Cohen purchased 61,500 shares and sold 6,700 shares on the open market at prices ranging from $0.86 per share to $3.00 per share. These transactions involved in the aggregate less than 1% of the Issuer's outstanding common stock. The amount used by Mr. Cohen to purchase stock in these transactions totaled $101,198. (d) None (e) Not applicable - ------------------ (1) RCIP's beneficial ownership of Common Stock has changed since its most recent 13-D filing as a result of the expiration of proxies given to it by third parties and as a result of limited partners of RCIP withdrawing from the partnership and, pursuant to rights granted under the RCIP limited partnership agreement, converting their limited partnership interests into proportionate ownership of Series A Preferred Stock and Warrants to purchase Common Stock. Edward E. Cohen's beneficial ownership of Common Stock has changed since his most 13-D filing as a result of the vesting of options. - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 8 of 9 - ---------------------------- -------------------------------- ------------------ Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No change Item 7. Materials to be Filed as Exhibits No change - ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D Page 9 of 9 - ---------------------------- -------------------------------- ------------------ 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. READYCASH INVESTMENT PARTNERS, L.P. By: ReadyCash GP Corp., General Partner By: /s/ Daniel G. Cohen ----------------------------------- Daniel G. Cohen, President /s/ Daniel G. Cohen ----------------------------------- DANIEL G. COHEN /s/ Edward E. Cohen ------------------------------------ EDWARD E. COHEN ARETE FOUNDATION By: /s/ Edward E. Cohen ------------------------------------ Edward E. Cohen Trustee January 21, 2003 -----END PRIVACY-ENHANCED MESSAGE-----