-----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, HlMcvuxFrkgE3lCWYa8hiKLPxfoSrTtrDfxztsEscD74G7yMavjmhS9b+MhGPnEL /iTML9rimsY+83pUaWwT8g== 0000950110-99-000170.txt : 19990215 0000950110-99-000170.hdr.sgml : 19990215 ACCESSION NUMBER: 0000950110-99-000170 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990212 GROUP MEMBERS: KENNETH LIPPER GROUP MEMBERS: LIPPER & CO INC GROUP MEMBERS: LIPPER CONVERTIBLES, L.P. GROUP MEMBERS: LIPPER HOLDINGS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WANG LABORATORIES INC CENTRAL INDEX KEY: 0000104519 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 042192707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-12424 FILM NUMBER: 99537679 BUSINESS ADDRESS: STREET 1: 600 TECHNOLOGY PARK DR CITY: BILLERICA STATE: MA ZIP: 01821-4120 BUSINESS PHONE: 9789675000 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: LIPPER & CO INC CENTRAL INDEX KEY: 0001032229 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133395688 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 101 PARK AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 BUSINESS PHONE: 2128836333 MAIL ADDRESS: STREET 1: 101 PARK AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 SC 13G/A 1 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 2054 ---------------------- SCHEDULE 13G (Rule 13d-102) INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 3 ________)* WANG LABORATORIES, INC. ----------------------- (Name of Issuer) 6 1/2% SERIES B CUMULATIVE CONVERTIBLE PREFERRED STOCK ------------------------------------------------------ (Title of Class of Securities) 93369N208 --------- (CUSIP Number) * 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 the disclosures provided in a prior cover page. The information required in 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 Act but shall be subject to all other provisions of the Act (however, see the Notes). ================================================================================ Page 1 of 10 pages - --------------------- ------------------ CUSIP No. 93369N208 13G Page 2 of 10 Pages - --------------------- ------------------ - -------------------------------------------------------------------------------- 1 | NAME OF REPORTING PERSONS: | S.S. OR I.R.S. Identification Nos. of above persons | | LIPPER CONVERTIBLES, L.P. - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ ] | JOINT FILING (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | NEW YORK - -------------------------------------------------------------------------------- | 5 |SOLE VOTING POWER NUMBER OF | | | |NONE SHARES ---------------------------------------------------------------- | 6 |SHARED VOTING POWER BENEFICIALLY | | | |542,690 OWNED BY ---------------------------------------------------------------- | 7 |SOLE DISPOSITIVE POWER EACH | | | |NONE REPORTING ---------------------------------------------------------------- | 8 |SHARED DISPOSITIVE POWER PERSON | | | |542,690 WITH | | - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | 542,690 (Not to be construed as an admission of beneficial ownership.) | - -------------------------------------------------------------------------------- 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | 18.9% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | | PN,BD - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 10 pages - ------------------- ------------------ CUSIP No. 93369N208 13G Page 3 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 | NAME OF REPORTING PERSONS | S.S. OR I.R.S. Identification Nos. of above persons | | LIPPER HOLDINGS, LLC - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ ] | JOINT FILING (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | DELAWARE - -------------------------------------------------------------------------------- NUMBER OF | 5 |SOLE VOTING POWER | | SHARES | |NONE ---------------------------------------------------------------- BENEFICIALLY | 6 |SHARED VOTING POWER | | OWNED BY | |542,690 ---------------------------------------------------------------- EACH | 7 |SOLE DISPOSITIVE POWER | | REPORTING | |NONE ---------------------------------------------------------------- PERSON | 8 |SHARED DISPOSITIVE POWER | | WITH | |542,690 - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | 542,690 (Not to be construed as an admission of beneficial ownership.) - -------------------------------------------------------------------------------- 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | 18.9% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | | HC, OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 10 pages - ------------------- ------------------ CUSIP No. 93369N208 13G Page 4 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 | NAME OF REPORTING PERSONS | S.S. OR I.R.S. Identification Nos. of above persons | | LIPPER & COMPANY, INC. - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) { ] | JOINT FILING (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | DELAWARE - -------------------------------------------------------------------------------- NUMBER OF | 5 |SOLE VOTING POWER | | SHARES | |NONE ---------------------------------------------------------------- BENEFICIALLY | 6 |SHARED VOTING POWER | | OWNED BY | |542,690 ---------------------------------------------------------------- EACH | 7 |SOLE DISPOSITIVE POWER | | REPORTING | | ---------------------------------------------------------------- PERSON | 8 |SHARED DISPOSITIVE POWER | | WITH | |542,690 - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | 542,690 (Not to be construed as an admission of beneficial ownership.) - -------------------------------------------------------------------------------- 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | 18.9% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | | CO, HC - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 10 pages - ------------------- ------------------ CUSIP No. 93369N208 13G Page 5 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 | NAME OF REPORTING PERSONS | S.S. OR I.R.S. Identification Nos. of above persons | | KENNETH LIPPER - -------------------------------------------------------------------------------- 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) { ] | JOINT FILING (b) [ ] - -------------------------------------------------------------------------------- 3 | SEC USE ONLY | | - -------------------------------------------------------------------------------- 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | UNITED STATES - -------------------------------------------------------------------------------- NUMBER OF | 5 |SOLE VOTING POWER | | SHARES | |NONE ---------------------------------------------------------------- BENEFICIALLY | 6 |SHARED VOTING POWER | | OWNED BY | |542,690 ---------------------------------------------------------------- EACH | 7 |SOLE DISPOSITIVE POWER | | REPORTING | |NONE ---------------------------------------------------------------- PERSON | 8 |SHARED DISPOSITIVE POWER | | WITH | |542,690 - -------------------------------------------------------------------------------- 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | 542,690 (Not to be construed as an admission of beneficial ownership.) - -------------------------------------------------------------------------------- 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | | - -------------------------------------------------------------------------------- 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | | 18.9% - -------------------------------------------------------------------------------- 12 | TYPE OF REPORTING PERSON* | | IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 10 pages ITEM 1. (a) Name of issuer: WANG LABORATORIES, INC. (b) Address of issuer's principal executive offices: 600 TECHNOLOGY PARK DRIVE BILLERICA, MASSACHUSETTS 01821-4130 ITEM 2. (a) Name of person filing: LIPPER & COMPANY, INC. (b) Address or principal business office or, if none, residence: 101 PARK AVENUE, 6TH FLOOR NEW YORK, NEW YORK 10178 (c) Citizenship: DELAWARE (d) Title of class of securities: 6 1/2% SERIES B CUMULATIVE CONVERTIBLE PREFERRED STOCK (e) CUSIP No: 93369N208 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act (e) [ ] Investment adviser registered under section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee benefit plan, pension fund which is subject to provisions of the Employee Retirement Income Security Act of 1974 or endowment fund; see (section mark) 240.13d-1(b)(1)(ii)(F) (g) [ X] Parent holding cocmpany, in accordance with (section mark) 240.13d -(b)(ii)(G). (Note: See Item 7) (h) [ ] Group, in accordance with (section mark) 240.13d-1(b)(1)(ii)(H) ITEM 4. OWNERSHIP (a) Amount beneficially owned: AT DECEMBER 31, 1998, THE REPORTING PERSONS MAY BE DEEMED TO BENEFICIALLY OWN IN THE AGGREGATE 542,690 SHARES OF 6 1/2% SERIES B CUMULATIVE CONVERTIBLE PREFERRED STOCK (THE "CONVERTIBLE PREFERRED STOCK"). LIPPER CONVERTIBLES, L.P. ("LIPPER CONVERTIBLES") IS THE OWNER OF RECORD OF 542,690 SHARES OF CONVERTIBLE PREFERRED STOCK. AS SOLE GENERAL PARTNER OF LIPPER CONVERTIBLES, LIPPER HOLDINGS, LLC ("LIPPER HOLDINGS") MAY BE DEEMED TO BENEFICIALLY OWN THE CONVERTIBLE PREFERRED STOCK THAT LIPPER CONVERTIBLES DIRECTLY BENEFICIALLY OWNS. AS MANAGER OF LIPPER HOLDINGS, LIPPER & COMPANY, INC. ("LIPPER INC.") MAY BE DEEMED TO BENEFICIALLY OWN THE CONVERTIBLE PREFERRED STOCK DIRECTLY BENEFICIALLY OWNED BY LIPPER CONVERTIBLES. AS SOLE SHAREHOLDER OF LIPPER INC., KENNETH LIPPER ("LIPPER") MAY BE DEEMED TO BENEFICIALLY OWN THE CONVERTIBLE PREFERRED STOCK DIRECTLY BENEFICIALLY OWNED BY LIPPER CONVERTIBLES. EACH OF LIPPER HOLDINGS, LIPPER INC. AND LIPPER DISCLAIMS BENEFICIAL OWNERSHIP OF THE CONVERTIBLE PREFERRED STOCK, AND THE FILING OF THIS SCHEDULE 13G SHALL NOT BE CONSTRUED AS AN ADMISSION THAT ANY OF THE FOREGOING, FOR THE PURPOSES OF SECTION 13(d) OR 13(g) OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, IS THE BENEFICIAL OWNER OF ANY WANG LABORATORIES INC. SECURITIES. Page 6 OF 10 Pages (b) Percent of class: SEE LINE ITEM (11) OF THE COVER PAGES. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: SEE LINE ITEM (5) OF THE COVER PAGES. (ii) Shared power to vote or to direct the vote: SEE LINE ITEM (6) OF THE COVER PAGES. (iii) Sole power to dispose or to direct the disposition of: SEE LINE ITEM (7) OF THE COVER PAGES. (iv) Shared power to dispose or to direct the disposition of: SEE LINE ITEM (8) OF THE COVER PAGES. ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be beneficial owner of more than 5 percent of the class of securities, check the following [ ]. Instruction: Dissolution of a group requires a response to this item. ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON. THE LIMITED PARTNERS OF LIPPER CONVERTIBLES, L.P. MAY HAVE THE RIGHT TO RECEIVE, OR THE POWER TO DIRECT THE RECEIPT OF, DIVIDENDS OR PROCEEDS FROM THE SALE OF SECURITIES REPORTED HEREIN. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY SEE EXHIBIT A. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP NOT APPLICABLE ITEM 9. NOTICE OF DISSOLUTION OF GROUP NOT APPLICABLE Page 7 of 10 pages ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. February 12, 1999 ----------------------------------------- Date /s/ --------- Signature Abraham Biderman/Executive Vice President ----------------------------------------- Name/Title Attention: Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). Page 8 of 10 pages EXHIBIT A TO SCHEDULE 13G ITEM 7 DISCLOSURE RESPECTING SUBSIDIARIES LIPPER CONVERTIBLES, L.P., A NEW YORK LIMITED PARTNERSHIP ("LIPPER CONVERTIBLES"), IS A BROKER DEALER REGISTERED UNDER SECTION 15 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "ACT"). EACH OF LIPPER HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY AND THE GENERAL PARTNER OF LIPPER CONVERTIBLES ("LIPPER HOLDINGS"), AND LIPPER & COMPANY, INC., A DELAWARE CORPORATION AND THE MANAGER OF LIPPER HOLDINGS ("LIPPER INC."), DOES NOT DIRECTLY HOLD ANY 6-1/2% SERIES B CUMULATIVE CONVERTIBLE PREFERRED STOCK OF WANG LABORATORIES, INC. (THE "CONVERTIBLE PREFERRED STOCK") AND THUS IS FILING THIS STATEMENT ON SCHEDULE 13G AS A PARENT HOLDING COMPANY IN ACCORDANCE WITH RULE 13D-1(B)1(ii)(G) UNDER THE ACT. KENNETH LIPPER, A UNITED STATES CITIZEN AND THE SOLE SHAREHOLDER OF LIPPER INC., DOES NOT DIRECTLY HOLD ANY CONVERTIBLE PREFERRED STOCK AND IS FILING THIS STATEMENT ON SCHEDULE 13G IN RELIANCE ON THE NO ACTION RELIEF GRANTED BY THE SECURITIES AND EXCHANGE COMMISSION IN RESPONSE TO LETTERS FILED BY EDWARD C. JOHNSON 3RD (AUGUST 20, 1991) AND WARREN E. BUFFETT AND BERKSHIRE HATHAWAY, INC. (DECEMBER 5, 1985). Page 9 of 10 pages AMENDMENT NO. 2 TO JOINT FILING AGREEMENT ----------------------------------------- Pursuant to Section 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, each of the undersigned persons hereby agrees and consents to this joint filing of Schedule 13G on its behalf (including any amendments thereto) and further agrees that this Joint Filing Agreement be included as an Exhibit to such joint filing. Each of these persons is not responsible for the completeness or accuracy of the information concerning the other persons making this filing unless such person knows or has reason to believe that such information is inaccurate. Dated: February 12, 1999 Lipper Convertibles, L.P. Lipper Holdings, LLC Name: /s/ Name: /s/ - ----------------------------------- ------------------------------ Title: Executive Vice President Title: Executive Vice President Lipper & Company, Inc. Kenneth Lipper Name: /s/ Name: /s/ - ----------------------------------- ------------------------------ Title: Executive Vice President Page 10 of 10 pages -----END PRIVACY-ENHANCED MESSAGE-----