-----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, Ahu/pcMclAlAjP1SPCCpvfb2R0tPGFfygT7VK0UWAbr8VDgD9usVMH6mhDVsPzfy SeI+FMx9gBUO5atcGuoVaQ== 0000950008-97-000007.txt : 19970116 0000950008-97-000007.hdr.sgml : 19970116 ACCESSION NUMBER: 0000950008-97-000007 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970115 SROS: NASD 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: 1934 Act SEC FILE NUMBER: 005-39884 FILM NUMBER: 97506224 BUSINESS ADDRESS: STREET 1: 838 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3025717160 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 AMENDMENT NO.1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) 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 94104 (415) 983-1361 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 7, 1997 --------------- (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 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 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. 929328102 13D Page 2 - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS Isocrates Limited S.S. OR I.R.S. IDENTIFICATION Isocrates Trust NO. OF ABOVE PERSONS Sorgente Company Unlimited Zayucel Limited - -------------------------------------------------------------------------------- 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 860,742 SHARES -------------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -------------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER 860,742 REPORTING -------------------------------------------------------------- PERSON 10. SHARED DISPOSITIVE POWER WITH - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 860,742 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.24% - -------------------------------------------------------------------------------- 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 has advised the filing entities that, as of November 8, 1996, there were issued and outstanding 13,789,826 shares of Common Stock. As of the close of business on November 1, 1996, Sorgente Company Unlimited directly owned beneficially 740,742 shares of Common Stock and Zayucel Limited directly owned beneficially 494,229 shares of Common Stock. On January 7, 1997 (further described in Item 5, paragraph (c) below) Zayucel sold 254,229 of those shares. On January 8, 1997 Zayucel sold an additional 15,000 shares of Common Stock and on January 9, 1997 sold an additional 105,000 shares. Therefore, as of the close of business on January 9, 1997, Isocrates Limited and Isocrates Trust indirectly owned beneficially the aggregate of the shares owned by Sorgente Company Unlimited and Zayucel Limited, numbering 860,742 shares. Such shares in the aggregate constitute 6.24% 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) See Item 3 with respect to shares acquired in partnership distributions. On January 7, 1997 Zayucel Limited sold 254,229 shares of Common Stock of WSFS at an average price of $11.04 per share with net proceeds to Zayucel Limited of $2,806,085. On January 8, 1997 Zayucel Limited sold 15,000 shares of Common Stock of WSFS at an average price of $11.17 per share with net proceeds to Zayucel Limited of $167,499. On January 9, 1997 Zayucel Limited sold 105,000 shares of Common Stock of WSFS at an average price of $11.15 per share with net proceeds to Zayucel Limited of $1,170,921. (d) Inapplicable. (e) Inapplicable. Signature: After reasonable inquiry and to the best of my knowledge and blief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 13, 1997. ISOCRATES LIMITED By: /s/ R. TED WESCHLER ------------------------- Name: R. Ted Weschler Title: Director ISOCRATES TRUST By: /s/ R. TED WESCHLER ------------------------- Name: R. Ted Weschler Title: Director of Isocrates Limited, Trustee SORGENTE COMPANY UNLIMITED By: /s/ LAURENCE MOH ------------------------- Name: Laurence Moh Title: Director ZAYUCEL LIMITED By: /s/ R. TED WESCHLER ------------------------- Name: R. Ted Weschler Title: Director -----END PRIVACY-ENHANCED MESSAGE-----