SC 13D/A 1 sch13da.txt SCH13DA.TXT ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 1 of 8 ---------------------------- -------------------------------- ------------------ SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3 ) TRM COPY CENTERS CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 8762636105 (CUSIP Number) With Copies to: Daniel G. Cohen J. Baur Whittlesey, Equire ReadyCash Investment Partners, L.P. Ledgewood Law Firm, P.C. c/o ReadyCash GP, Inc. 1521 Locust Street - 8th Fl. 1521 Locust Street Philadelphia, PA 19102 Philadelphia, PA 19102 (215) 731-9450 (215) 546-5005 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Various dates as set forth in Item 5(b) (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] (Continued on following pages) ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 2 of 8 ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) ReadyCash Investment Partners, L.P. 23-2948913 ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] ----------- -------------------------------------------------------------------- (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) [ ] ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization Commonwealth of Pennsylvania ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 40,000(1) Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 40,000(2) ------------- ---------------------------------------- (10) Shared Dispositive Power ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 40,000(1) ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ X ] ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% ----------- -------------------------------------------------------------------- (14) Type of Reporting Person PN ----------- -------------------------------------------------------------------- (1) Includes 40,000 shares of Common Stock issuable upon exercise of warrants held by the Reporting Person. Excludes: (a) 146,032 shares of Common Stock issuable upon conversion of Series A Preferred Stock to Common Stock, as the Reporting Person automatically dissolves and liquidates upon such conversion; (b) 234,920 shares of Common Stock issuable upon conversion of Series A Preferred Stock held by third parties, as irrevocable proxies with respect thereto terminate upon conversion of the Series A Preferred Stock. (2) Includes 40,000 shares of Common Stock issuable upon exercise of warrants held by the Reporting Person. Excludes 146,032 shares of Common Stock issuable upon conversion of Series A Preferred Stock to Common Stock, as the Reporting Person automatically dissolves and liquidates upon such conversion ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 3 of 8 ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Daniel G. Cohen ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] ----------- -------------------------------------------------------------------- (3) SEC USE ONLY ----------- -------------------------------------------------------------------- (4) Source of Funds PF ----------- -------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization United States ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 850,584(1) Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting 229,934(2) Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 850,584(1) ------------- ---------------------------------------- (10) Shared Dispositive Power 229,934(2) ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,080,518(1)(2)(3) ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ X ] ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 15.3% ----------- -------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN ----------- -------------------------------------------------------------------- (1) Includes: (a) options to purchase 206,250 shares of Common Stock exercisable within 60 days; (b) 478,672 shares of Common Stock owned by Mr. Cohen; (c) 146,256 shares of Common Stock acquired by Mr. Cohen; (d) 179 shares of Series A Preferred Stock owned by Mr. Cohen together with his wife which are convertible into 134 shares of Common Stock; (e) 21,163 shares of Series A Preferred Stock acquired by Mr. Cohen which are convertible into 15,872 shares of Common Stock; and (f) warrants to purchase 3,400 shares of Common Stock acquired by Mr. Cohen. (2) Includes: (a) 189,934 shares of Common Stock owned by a partnership, the partners of which include Daniel Cohen and Edward Cohen and (b) warrants to purchase 40,000 shares of Common Stock exerciseable within 60 days held by ReadyCash Investment Partners, L.P. ("RCIP") (3) Excludes: (a) 146,032 shares of Common Stock issuable upon conversion of Series A Preferred Stock owned by RCIP, as RCIP automatically dissolves and liquidates upon such conversion and (b) 234,920 shares of Common Stock issuable upon conversion of Series A Preferred Stock held by third parties who have granted irrevocable proxies to RCIP, as such irrevocable proxies terminate upon conversion of the Series A Preferred Stock. ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 4 of 8 ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Edward E. Cohen ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] ----------- -------------------------------------------------------------------- (3) SEC USE ONLY ----------- -------------------------------------------------------------------- (4) Source of Funds PF ----------- -------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization United States ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 645,784(1) Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting 229,934(2) Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 645,784(1) ------------- ---------------------------------------- (10) Shared Dispositive Power 229,934(2) ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 875,718(1)(2)(3) ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ X ] ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 12.4% ----------- -------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN ----------- -------------------------------------------------------------------- (1) Includes: (a) options to purchase 143,750 shares of Common Stock exercisable within 60 days; (b) 43,994 shares of Common Stock owned by an individual retirement account for the benefit of Mr. Cohen; (c) 438,767 shares of Common Stock acquired by Mr. Cohen; (d) 21,164 shares of Series A Preferred Stock acquired by Mr. Cohen which are convertible into 15,873 shares of Common Stock; and (e) warrants to purchase 3,400 shares of Common Stock acquired by Mr. Cohen. (2) Includes: (a) warrants to purchase 40,000 shares of Common Stock exercisable within 60 days held by RCIP; and (b) 189,934 shares of Common Stock owned by a partnership, the partners of which include Daniel Cohen and Edward Cohen. (3) Excludes: (a) 146,032 shares of Common Stock issuable upon conversion of Series A Preferred Stock owned by RCIP, as RCIP automatically dissolves and liquidates upon such conversion and (b) 234,920 shares of Common Stock issuable upon conversion of Series A Preferred Stock held by third parties who have granted irrevocable proxies to RCIP, as such irrevocable proxies terminate upon conversion of the Series A Preferred Stock. ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 5 of 8 ---------------------------- -------------------------------- ------------------ (1) Names of Reporting Persons; I.R.S. Identification Nos. of Above Persons (entities only) Arete Foundation 23-6779271 ----------- -------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ X ] ----------- -------------------------------------------------------------------- (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) [ ] ----------- -------------------------------------------------------------------- (6) Citizenship or Place of Organization Commonwealth of Pennsylvania ----------- -------------------------------------------------------------------- Number of (7) Sole Voting Power Shares 40,940 Beneficially ------------- ---------------------------------------- Owned By Each (8) Shared Voting Power Reporting Person ------------- ---------------------------------------- With (9) Sole Dispositive Power 40,940 ------------- ---------------------------------------- (10) Shared Dispositive Power ----------- -------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 40,940 ----------- -------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] ----------- -------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.6% ----------- -------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) OO ----------- -------------------------------------------------------------------- ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 6 of 8 ---------------------------- -------------------------------- ------------------ Item 1. Security and Issuer This statement relates to the Common Stock, no par value, of TRM Copy Centers Corporation (the "Issuer" or "TRM"). The principal executive offices of the Issuer are located at 5208 NE 122nd Avenue, Portland, Oregon 97230-1074. Item 2. Identity and Background No change for ReadyCash Investment Partners, L.P. or Arete Foundation. As to Daniel G. Cohen: (a) Daniel G. Cohen (b) 818 Market St., 28th Floor, Philadelphia, PA 19103 (business address) (c) Daniel Cohen was elected a director and Chairman of the Executive Committee of the Board of Directors of TRM Corporation in June 1998. He was elected Chairman of the Board of TheBancorp, Inc., a bank holding company, in September 2000. Mr. Cohen has been Chairman of the Executive Committee of TheBancorp, Inc. since 1999, and Chief Executive officer of TheBancorp, Inc. from 1999 until September 2000. Mr. Cohen has been Chairman, CEO and President of Cohen Bros. & Co., a registered broker-dealer, since 2001. From 1995 through 2000, Mr. Cohen was an officer and director of Resource America, Inc., a specialty finance company. Mr. Cohen is the son of Edward E. Cohen. (d) None (e) None (f) United States As to Edward E. Cohen: (a) Edward E. Cohen (b) 1845 Walnut St., 10th Floor, Philadelphia, PA 19103 (c) Edward E. Cohen has been a member of the Board of Directors of TRM Corporation since 1998. He has been the Chairman of Resource America, Inc., a specialty finance company, since 1990 and the Chief Executive Officer since 1988. Mr. Cohen has been the Chairman of the Board of Brandywine Construction & Management, Inc., a property management company, since 1994. Mr. Cohen is the father of Daniel G. Cohen. (d) None (e) None (f) United States Item 3. Source and Amount of Funds or Other Consideration No change as to RCIP or Arete Foundation. The source of funds for Daniel G. Cohen and for Edward E. Cohen was personal funds. The amount used by Daniel G. Cohen was $361,661 and the amount used by Edward E. Cohen was $361,661. Item 4. Purpose of Transaction No change as to RCIP Arete Foundation. As to Daniel G. Cohen and Edward E. Cohen, the purpose of the transactions described in Item 5 below was personal investment. ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 7 of 8 ---------------------------- -------------------------------- ------------------ Item 5. Interest in Securities of the Issuer. (a) No change as to Arete Foundation or RCIP. For Daniel G. Cohen and Edward E. Cohen, see the information provided on the cover pages above.(1) (b) No change for Arete Foundation or RCIP. For Daniel G. Cohen, RCIP and Edward E. Cohen, see the information provided on the cover pages above. (c) RCIP - None(1) Arete Foundation - None On February 14, 2003, in a privately negotiated transaction, Edward E. Cohen purchased 21,164 shares of Series A Preferred Stock of TRM (convertible into 15,873 shares of Common Stock of TRM) at a price of $3.54 per share and warrants to purchase 3,400 shares of Common Stock of TRM at a price of $0.01 per warrant. On March 14, 2003, in a privately negotiated transaction, Edward E. Cohen purchased 292,511 shares of Common Stock of TRM at a price of $0.98 per share. The aggregate amount paid by Edward E. Cohen to purchase the securities detailed above was $361,661. On February 14, 2003, in a privately negotiated transaction, Daniel G. Cohen purchased 21,163 shares of Series A Preferred Stock of TRM (convertible into 15,872 shares of Common Stock of TRM) at a price of $3.54 per share and warrants to purchase 3,400 shares of Common Stock of TRM at a price of $0.01 per warrant. On March 14, 2003, in a privately negotiated transaction, Daniel G. Cohen purchased 292,512 shares of Common Stock of TRM at a price of $0.98 per share. The aggregate amount paid by Daniel G. Cohen to purchase the securities detailed above was $361,661. On March 24, 2003, Edward E. Cohen purchased 146,256 shares of Common Stock of TRM from Daniel G. Cohen at a price of $0.98 per share in a privately negotiated transaction. (d) None (e) Not applicable ------------------ (1) RCIP's beneficial ownership of Common Stock has changed since its most recent 13-D filing as a result of limited partners of RCIP withdrawing from the partnership and, pursuant to rights granted under the RCIP limited partnership agreement, converting their limited partnership interests into proportionate ownership of Series A Preferred Stock and Warrants to purchase Common Stock. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No change Item 7. Materials to be Filed as Exhibits No change ---------------------------- -------------------------------- ------------------ CUSIP No. 8762636105 13D/A Page 8 of 8 ---------------------------- -------------------------------- ------------------ SIGNATURES 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. READYCASH INVESTMENT PARTNERS, L.P. By: ReadyCash GP Corp., General Partner By: /s/ Daniel G. Cohen ----------------------------------- Daniel G. Cohen, President /s/ Daniel G. Cohen ----------------------------------- DANIEL G. COHEN /s/ Edward E. Cohen ------------------------------------ EDWARD E. COHEN ARETE FOUNDATION By: /s/ Edward E. Cohen ------------------------------------ Edward E. Cohen Trustee March 24, 2003