-----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, I7mHg5SjaJiqQ31KLY+KW1PhMBttlOBwxjbBW/EOpAOKdjRG3OrHfwx6YBgfred+ bqedyL0CXL7kE2nc+zcr3w== 0000929624-97-001124.txt : 19971001 0000929624-97-001124.hdr.sgml : 19971001 ACCESSION NUMBER: 0000929624-97-001124 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970930 SROS: NASD GROUP MEMBERS: ISOCRATES LTD GROUP MEMBERS: ISOCRATES TRUST GROUP MEMBERS: SORGENTE COMPANY UNLIMITED. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WSFS FINANCIAL CORP CENTRAL INDEX KEY: 0000828944 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 222866913 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-39884 FILM NUMBER: 97688478 BUSINESS ADDRESS: STREET 1: 838 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19899 BUSINESS PHONE: 3027926000 MAIL ADDRESS: STREET 1: 838 MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19899 FORMER COMPANY: FORMER CONFORMED NAME: STAR STATES CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ISOCRATES LTD CENTRAL INDEX KEY: 0001027214 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 980157654 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 15 BIN TONG PARK SINGAPORE SINGAPORE 269 STREET 2: SINGAPORE CITY: SINGAPORE STATE: D8 ZIP: 269796 MAIL ADDRESS: STREET 1: 15 BIN TONG PARK SINGAPORE SINGAPORE CITY: SINGAPORE STATE: U0 FORMER COMPANY: FORMER CONFORMED NAME: ISOCRATES LTD ET AL DATE OF NAME CHANGE: 19961118 SC 13D/A 1 SCHEDULE 13D/A. AMENDMENT #3 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) WSFS FINANCIAL CORPORATION -------------------------- (Name of Issuer) Common Stock par value $0.01 per share ---------------------------- (Title of Class of Securities) 929328102 ------------ (CUSIP Number) ROBERT E. SULLIVAN Pillsbury Madison & Sutro LLP 235 Montgomery Street San Francisco, CA 94194 (415) 983-1361 ------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communication) August 19, 1997 --------------- (Date of Event with Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [X]. The information required on the remainder 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 subjected 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. 929328102 13D - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS Isocrates Limited S.S. OR I.R.S. IDENTIFICATION Isocrates Trust NO. OF ABOVE PERSON Sorgente Company Unlimited - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS See Item 3 - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2 (d) OR 2 (e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 250,000 SHARES ---------------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY ---------------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER 250,000 REPORTING ---------------------------------------------------------------- PERSON 10. SHARED DISPOSITIVE POWER WITH - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 250,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO and OO CUSIP No. 929328102 13D Page 3 Item 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) WSFS Financial Corporation ("WSFS") has advised the filing entities that as of August 8, 1997, there were issued and outstanding 12,442,339 shares of Common Stock. In addition to the previously reported transactions, between April 24, 1997 and August 19, 1997 Sorgente Company Unlimited sold 490,742 shares of Common Stock of WSFS (further described in Item 5, paragraph (c) below). Therefore, as of the close of business on August 19, 1997, Sorgente Company Unlimited owned 250,000 shares of Common Stock of WSFS and Isocrates Limited and Isocrates Trust indirectly owned beneficially all of those shares. Such shares in the aggregate constitute 2% of the total number of shares of Common Stock outstanding. The filing entities have the sole power to vote and to dispose of all such shares of Common Stock. (c) Sorgente Unlimited sold the following shares of Common Stock of WSFS:
DATE NO. OF SHARES AVERAGE UNIT PRICE NET PROCEEDS - ------- ------------- ------------------ ------------- 4/24/97 30,000 $11.75 $ 350,688.25 4/28/97 2,000 $12.063 $ 24,004.19 7/17/97 12,500 $14.395 $ 179,181.50 7/18/97 5,000 $14.25 $ 70,947.62 7/21/97 24,500 $14.25 $ 347,643.36 7/22/97 29,000 $14.25 $ 411,496.22 7/23/97 51,500 $14.405 $ 738,758.22 7/24/97 34,500 $14.50 $ 498,163.32 7/25/97 93,000 $14.50 $1,342,875.00 8/4/97 32,500 $14.894 $ 482,088.86 8/5/97 5,000 $14.75 $ 73,447.54 8/6/97 7,500 $14.583 $ 108,921.10 8/8/97 25,000 $14.25 $ 354,738.00 8/15/97 28,742 $14.25 $ 407,835.32 8/18/97 5,000 $14.375 $ 71,572.60 8/19/97 105,000 $14.375 $1,503,024.68
(d) Inapplicable. (e) As of August 19, 1997, the filing entities are no longer beneficial owners of more than 5% of this class of securities. Signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 29, 1997. ISOCRATES LIMITED By: /s/ ROBERT W. WO --------------------------- Robert W. Wo Director ISOCRATES TRUST By: /s/ ROBERT W. WO --------------------------- Robert W. Wo Director of Isocrates Limited, Trustee SORGENTE COMPANY UNLIMITED By: /s/ LAURENCE MOH --------------------------- Laurence Moh Director -----END PRIVACY-ENHANCED MESSAGE-----