-----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, OXfeD0wpX6PRMBRCyMSK54QIdKmv/MoyzQhQ6v8zAR5mo6cLfCK7DtSF8kwqWb2E CsRyuZ9Uv3vh3y+fIJqUFQ== 0000912057-96-024895.txt : 19961108 0000912057-96-024895.hdr.sgml : 19961108 ACCESSION NUMBER: 0000912057-96-024895 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19961107 SROS: NONE GROUP MEMBERS: BARRY FINGERHUT GROUP MEMBERS: BARRY RUBENSTEIN GROUP MEMBERS: IRWIN LIEBER GROUP MEMBERS: JONATHAN LEIBER GROUP MEMBERS: MATTHEW A. SMITH GROUP MEMBERS: SETH LIEBER GROUP MEMBERS: WHEATLEY PARTNERS L P GROUP MEMBERS: WHEATLEY PARTNERS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IBIS TECHNOLOGY CORP CENTRAL INDEX KEY: 0000855182 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 042987600 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-47263 FILM NUMBER: 96655603 BUSINESS ADDRESS: STREET 1: 32A CHERRY HILL DR CITY: DANVERS STATE: MA ZIP: 01923 BUSINESS PHONE: 5087774247 MAIL ADDRESS: STREET 2: 32 CHERRY HILL DR CITY: DANVERS STATE: MA ZIP: 01923 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHEATLEY PARTNERS L P CENTRAL INDEX KEY: 0001019868 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 80 CUTTERMILL ROAD STREET 2: SUITE 311 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 5167730991 SC 13D 1 SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D Under the Securities Exchange Act of 1934 (Amendment No. __)* IBIS TECHNOLOGY CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.008 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 450909106 ---------------------------- (CUSIP Number) Copy to: Stephen A. Cohen, Esq. Wheatley Partners, L.P. Morrison Cohen Singer & Weinstein, LLP 80 Cuttermill Road, Suite 311 750 Lexington Avenue Great Neck, New York 11021 New York, New York 10022 Telephone (516) 773-1024 Telephone (212) 735-8600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) October 28, 1996 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing 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 space . NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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 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). (Continued on following page(s)) - 1 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Wheatley Partners, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power 360,000 shares 7% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 0 shares 0% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 360,000 shares 7% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 0 shares 0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 2 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Barry Rubenstein - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 360,000 shares 7% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 0 shares 0% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 360,000 shares 7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 3 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Irwin Lieber - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 360,000 shares 7% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 0 shares 0% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 360,000 shares 7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 4 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Barry Fingerhut - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 360,000 shares 7% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 0 shares 0% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 360,000 shares 7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 5 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Wheatley Partners LLC - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 360,000 shares 7% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 0 shares 0% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 360,000 shares 7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 6 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Seth Lieber - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 360,000 shares 7% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 0 shares 0% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 360,000 shares 7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 7 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Jonathan Leiber - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 360,000 shares 7% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 0 shares 0% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 360,000 shares 7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 8 of 17 - CUSIP No. 450909106 13D - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Matthew A. Smith - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required / / - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% - -------------------------------------------------------------------------------- Number of 8 Shared Voting Power Shares 360,000 shares 7% Beneficially ------------------------------------------------------------- Owned By 9 Sole Dispositive Power Each 0 shares 0% Reporting -------------------------------------------------------------- Person 10 Shared Dispositive Power With 360,000 shares 7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 360,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / / - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - 9 of 17 - This statement, dated October 28, 1996, relates to the reporting persons' ownership of common stock of Ibis Technology Corporation (the "Issuer"). ITEM 1. SECURITY AND ISSUER (a) Common Stock, $0.008 par value per share ("Common Stock"), (CUSIP No. 450909106); Ibis Technology Corporation 32 Cherry Hill Drive Danvers, Massachusetts 01923 ITEM 2. IDENTITY AND BACKGROUND 1. (a) WHEATLEY PARTNERS, L.P., a limited partnership organized under the laws of the State of Delaware ("Wheatley"). (b) Address: c/o Wheatley Partners LLC 80 Cuttermill Road, Suite 311 Great Neck, New York 11021 (c) Principal Business: Investments (d) No. (e) No. Wheatley Partners LLC is the general partner of Wheatley. The limited partners of Wheatley include certain other investors. 2. (a) BARRY RUBENSTEIN, a member and Chief Executive Officer of Wheatley Partners LLC, the general partner of Wheatley. (b) Address: 68 Wheatley Road Brookville, New York 11545 (c) Principal Occupation: General partner of partnerships and limited partnerships engaged in the investment business. (d) No. (e) No. (f) Citizenship: United States. 3. (a) IRWIN LIEBER, a member and President, Secretary and Treasurer of Wheatley Partners LLC, the general partner of Wheatley. - 10 of 17 - (b) Address: 80 Cuttermill Road, Suite 311 Great Neck, New York 11021 (c) Principal Occupation: Investment adviser. (c) No. (d) No. (e) Citizenship: United States. 4. (a) BARRY FINGERHUT, a member and Executive Vice President of Wheatley Partners LLC, the general partner of Wheatley. (b) Address: 80 Cuttermill Road, Suite 311 Great Neck, New York 11021 (c) Principal Occupation: Investment adviser. (d No. (e) No. (f) Citizenship: United States. 5 (a) WHEATLEY PARTNERS LLC, a limited liability company organized under the laws of the State of Delaware ("Wheatley LLC"). (b) Address: 80 Cuttermill Road, Suite 311 Great Neck, New York 11021 (c) Principal Business: Investments. (d) No. (e) No. Wheatley LLC is the general partner of Wheatley. 6. (a) SETH LIEBER, a member and an officer of Wheatley LLC. (b) Address: 80 Cuttermill Road, Suite 311 Great Neck, New York 11021 (c) Principal Occupation: Investments. (c) No. (e) No. (f) Citizenship: United States. 7. (a) JONATHAN LIEBER, a member and an officer of Wheatley LLC. - 11 of 17 - (b) Address: 80 Cuttermill Road, Suite 311 Great Neck, New York 11021 (c) Principal Occupation: Investments. (d) No. (e) No. (f) Citizenship: United States 8. (a) MATTHEW A. SMITH, a member and an officer of Wheatley LLC. (b) Address: 80 Cuttermill Road, Suite 311 Great Neck, New York 11021 (c) Principal Occupation: Investments. (d) No. (e) No. (f) Citizenship: United States ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. From September 20, 1996 through November 4, 1996, Wheatley made open market purchases of Common Stock of the Issuer. Wheatley obtained funds for the purchase of the Common Stock from its working capital. The amount of funds used in making the purchases of the Common Stock in the over-the-counter market is set forth below: NAME AMOUNT OF CONSIDERATION Wheatley Partners, L.P. $3,011,125 ITEM 4. PURPOSE OF THE TRANSACTION. The reporting persons acquired their shares for purposes of investment. The reporting persons do not have any plans or proposals which relate to or would result in any of the actions set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER. (a) The following list sets forth the aggregate number and percentage (based on 5,169,352 shares of Common Stock outstanding as reported by the Issuer in its 10-Q for the - 12 of 17 - fiscal quarter ending June 30, 1996) of outstanding shares of Common Stock owned beneficially by each person named in Item 2, as of November 4, 1996: Shares of Percentage of Shares of Common Stock Common Stock Name Beneficially Owned Beneficially Owned - ---- ------------------ ------------------ Wheatley Partners, L.P. 360,000 7% Barry Rubenstein (1) 360,000 7% Irwin Lieber (1) 360,000 7% Barry Fingerhut (1) 360,000 7% Wheatley Partners LLC (1) 360,000 7% Seth Lieber (1) 360,000 7% Jonathan Lieber (1) 360,000 7% Matthew A. Smith (1) 360,000 7% (b) Wheatley has sole power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. By virtue of being a member and an officer of Wheatley LLC, Barry Rubenstein may be deemed to have shared power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. By virtue of being a member and an officer of Wheatley LLC, Irwin Lieber may be deemed to have shared power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. By virtue of being a member and an officer of Wheatley LLC, Barry Fingerhut may be deemed to have shared power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. By virtue of being the General Partner of Wheatley, Wheatley LLC may be deemed to have shared power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. By virtue of being a member and an officer of Wheatley LLC, Seth Lieber may be deemed to have shared power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. - ------------------------------ (1) The reporting person disclaims beneficial ownership of these securities except to the extent of its or his equity ownership therein. - 13 of 17 - By virtue of being a member and an officer of Wheatley LLC, Jonathan Lieber may be deemed to have shared power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. By virtue of being a member and an officer of Wheatley LLC, Matthew A. Smith may be deemed to have shared power to vote and dispose of 360,000 shares of Common Stock, representing approximately 7% of the outstanding Common Stock. (c) The following is a description of all transaction in shares of Common Stock of the Issuer by the persons identified in Item 2 of this Schedule 13D effected from September 2, 1996 through November 4, 1996 inclusive. Name of Purchase or Number of Shares Purchase or Shareholder Sale Date Purchased or (Sold) Sale Price Wheatley Partners, L.P. 9/20/96 5,500 $8.44 9/23/96 6,100 $8.50 9/25/96 35,000 $8.56 10/1/96 8,000 $8.56 10/3/96 2,500 $8.56 10/16/96 200,900 $8.50 10/28/96 62,000 $8.19 10/28/96 32,000 $7.81 11/4/96 8,000 $7.25 Wheatley acquired the shares of Common Stock in the over-the-counter market. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. There are no contracts, arrangements, understandings, or relationships with respect to the securities of the Issuer among any of the persons reporting in this Schedule 13D. - 14 of 17 - ITEM 7. MATERIAL TO BE FILED AS EXHIBITS EXHIBIT A - Agreement dated November 5, 1996 among the reporting persons by which they have agreed to file this Schedule 13D and all necessary amendments, as required by Rule 13d-1(f). - 15 of 17 - SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, correct and complete. Date: November 5, 1996 WHEATLEY PARTNERS, L.P. By: Wheatley Partners LLC, General Partner By: s/Barry Rubenstein ------------------------------------------ Barry Rubenstein, Chief Executive Officer WHEATLEY PARTNERS LLC By: s/Barry Rubenstein ------------------------------------------ Barry Rubenstein, Chief Executive Officer s/Barry Rubenstein --------------------------------------------- Barry Rubenstein, Individually s/Irwin Lieber --------------------------------------------- Irwin Lieber, Individually s/Barry Fingerhut --------------------------------------------- Barry Fingerhut, Individually s/Seth Lieber --------------------------------------------- Seth Lieber, Individually s/Jonathan Lieber --------------------------------------------- Jonathan Lieber, Individually s/Matthew A. Smith --------------------------------------------- Matthew A. Smith, Individually ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). - 16 of 17 - EX-1 2 EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act, as amended, the undersigned hereby agree to the joint filing on behalf of each of them on a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $.008 per share, of Ibis Technology Corporation and that this Agreement be included as an Exhibit to such joint filing. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 5th day of November, 1996. WHEATLEY PARTNERS, L.P. By: Wheatley Partners LLC, General Partner By: s/Barry Rubenstein --------------------------------------------- Barry Rubenstein, Chief Executive Officer WHEATLEY PARTNERS LLC By: s/Barry Rubenstein --------------------------------------------- Barry Rubenstein, Chief Executive Officer s/Barry Rubenstein --------------------------------------------- Barry Rubenstein, Individually s/Irwin Lieber --------------------------------------------- Irwin Lieber, Individually s/Barry Fingerhut --------------------------------------------- Barry Fingerhut, Individually s/Seth Lieber --------------------------------------------- Seth Lieber, Individually s/Jonathan Lieber --------------------------------------------- Jonathan Lieber, Individually s/Matthew A. Smith --------------------------------------------- Matthew A. Smith, Individually - 17 of 17 - -----END PRIVACY-ENHANCED MESSAGE-----