-----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, KkJBi0fzUkkKJ08MfZTD7mKsTtWTMIkA/QZtYwvowgXLBJa/L0lFICd5P0yp3Oq9 SWrCUBHHH/9N6R+byUJgxQ== 0000898382-96-000005.txt : 19960430 0000898382-96-000005.hdr.sgml : 19960430 ACCESSION NUMBER: 0000898382-96-000005 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960429 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WANG LABORATORIES INC CENTRAL INDEX KEY: 0000104519 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] IRS NUMBER: 042192707 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-12424 FILM NUMBER: 96552509 BUSINESS ADDRESS: STREET 1: 600 TECHNOLOGY PARK DRIVE CITY: BILLERICA STATE: MA ZIP: 01821-4120 BUSINESS PHONE: 5089675000 MAIL ADDRESS: STREET 1: 600 TECHNOLOGY PARK DRIVE STREET 2: MAILSTOP 014-B3C CITY: BILLERICA STATE: MA ZIP: 01821-4120 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERMAN LEON G CENTRAL INDEX KEY: 0000898382 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 128321905 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL STREET PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 212-3258660 MAIL ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL ST PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* WANG LABORATORIES, INC. (Name of Issuer) Common Stock, par value $.01 (Title of Class of Securities) 93369N109 (CUSIP Number) Alan M. Stark 80 Main Street, West Orange, New Jersey 07052 (201) 325-8660 (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications April 24, 1996 (Date of Event which Requires Filing of this Statement) If this 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 this statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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). SCHEDULE 13D CUSIP No. 93369N109 __________________________________________________________________ 1) Names of Reporting Person S.S. or I.R.S. Identification No. of Above Person LEON G. COOPERMAN S.S. No. ###-##-#### _________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] _________________________________________________________________ 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). . . . . . . . . . . . . N/A _________________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES _________________________________________________________________ (7) Sole voting Power Number of 1,438,787 Shares Bene- ____________________________________________________ ficially (8) Shared Voting Power owned by 330,529 Each Report- ____________________________________________________ ing Person (9) Sole Dispositive Power With 1,438,787 _________________________________________________________________ (10) Shared Dispositive Power 330,529 _________________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,769,316 _________________________________________________________________ 12) Check if the Aggregate Amount in Row (11) excludes certain shares: N/A _________________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 4.9% _________________________________________________________________ 14) Type of Reporting Person I N Item 3. Source and Amount of Funds or Other Consideration. Cooperman beneficially owns 1,769,316 Shares. Of this amount, 587,928 Shares were purchased on behalf of Omega Capital Partners, L.P., at a cost of $4,742,682; 552,254 Shares were purchased on behalf of Omega Institutional Partners, L.P., at a cost of $4,446,555; 37,600 Shares were purchased on behalf of Omega Equity Partners, L.P., at a cost of $501,213; 237,426 Shares were purchased on behalf of Omega Overseas Partners, Ltd., at a cost of $1,600,932; 23,579 Shares were purchased on behalf of Omega Overseas Partners II, Ltd., at a cost of $139,167; and 330,529 Shares were purchased on behalf of the Managed Account at a cost of $3,182,550. The source of funds for the purchase of all such Shares was investment capital. Item 5. Interest in Securities of the Issuer. Based upon the information contained in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 1995, there were then outstanding 36,005,204 Shares. Omega Capital Partners, L.P., owns 587,928 Shares, or 1.6% of those outstanding; Omega Institutional Partners, L.P., owns 552,254 Shares, or 1.5% of those outstanding; Omega Equity Partners, L.P., owns 37,600 Shares, or 0.1% of those outstanding; Omega Overseas Partners, Ltd., owns 237,426 Shares, or 0.7% of those outstanding; Omega Overseas Partners II, Ltd., owns 23,579 Shares, or 0.1% of those outstanding; and the Managed Account owns 330,529 Shares, or 0.9% of those outstanding. The following table details the transactions by each of Omega Capital Partners, L.P., Omega Institutional Partners, L.P., Omega Equity Partners, L.P., Omega Overseas Partners, Ltd., Omega Overseas Partners II, Ltd., and the Managed Account since the last filing. All of the transactions were open market sale transactions. OMEGA CAPITAL PARTNERS, L.P. Date of Amount of Price Per Transaction Shares Share 04/08/96 20,600 $24.41 04/12/96 31,000 24.58 04/16/96 5,500 24.75 04/18/96 18,600 25.06 04/19/96 10,700 25.50 04/23/96 3,700 25.50 04/24/96 53,500 25.56 04/25/96 22,800 24.63 04/25/96 200 25.00 04/25/96 17,100 24.69 04/26/96 9.900 24.33 OMEGA INSTITUTIONAL PARTNERS, L.P. Date of Amount of Price Per Transaction Shares Share 04/08/96 19,300 $24.41 04/12/96 29,700 24.58 04/16/96 5,100 24.75 04/18/96 16,900 25.06 04/19/96 10,100 25.50 04/23/96 3,400 25.50 04/24/96 50,100 25.56 04/25/96 22,100 24.63 04/25/96 100 25.00 04/25/96 15,900 24.69 04/26/96 9,400 24.33 OMEGA EQUITY PARTNERS, L.P. Date of Amount of Price Per Transaction Shares Share 04/24/96 1,800 $25.56 04/25/96 1,600 24.63 04/25/96 100 25.00 04/25/96 1,000 24.69 04/26/96 600 24.33 OMEGA OVERSEAS PARTNERS, LTD. Date of Amount of Price Per Transaction Shares Share 04/08/96 8,200 $24.41 04/12/96 12,700 24.58 04/16/96 2,200 24.75 04/18/96 7,400 25.06 04/19/96 4,400 25.50 04/23/96 1,400 25.50 04/24/96 21,100 25.56 04/25/96 9,400 24.63 04/25/96 100 25.00 04/25/96 6,600 24.69 04/26/96 4,000 24.33 OMEGA OVERSEAS PARTNERS II, LTD. Date of Amount of Price Per Transaction Shares Share 04/08/96 800 $24.41 04/12/96 1,100 24.58 04/16/96 200 24.75 04/18/96 700 25.06 04/19/96 500 25.50 04/23/96 100 25.50 04/24/96 2,100 25.56 04/25/96 1,000 24.63 04/25/96 100 25.00 04/25/96 500 24.69 04/26/96 400 24.33 MANAGED ACCOUNT Date of Amount of Price Per Transaction Shares Share 04/08/96 6,100 $24.41 04/12/96 10,500 24.58 04/16/96 2,000 24.75 04/18/96 6,400 25.06 04/19/96 4,300 25.50 04/23/96 1,400 25.50 04/24/96 21,400 25.56 04/25/96 13,100 24.63 04/25/96 400 25.00 04/25/96 8,900 24.69 04/26/96 5,700 24.33 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this state- ment is true, complete and correct. Dated: April 29, 1996 /s/ ALAN M. STARK ALAN M. STARK on behalf of LEON G. COOPERMAN, individually and as managing partner of Omega Capital Partners, L.P., Omega Institutional Partners, L.P., and Omega Equity Partners, L.P., and as President of Omega Advisors, Inc. pursuant to Power of Attorney on file. ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). Omega\Wang5 -----END PRIVACY-ENHANCED MESSAGE-----