-----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, SSyMlS2ZFCjyCcfvu+ohWv/HI90pvRJQVrvZxZIz0rFBmiQ/UEZpIcX7z56oW0Mz 9vLFxjS3xBcAb1uyLMAJsw== 0000897069-96-000058.txt : 19960320 0000897069-96-000058.hdr.sgml : 19960320 ACCESSION NUMBER: 0000897069-96-000058 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19960318 SROS: AMEX GROUP MEMBERS: CATHY DIANE UPTAIN GROUP MEMBERS: CHARLES J. CANGE GROUP MEMBERS: DETRA MARKEY GROUP MEMBERS: DONALD MARKEY GROUP MEMBERS: ETTA SCHANDELMEIR GROUP MEMBERS: EVA B. OLDS GROUP MEMBERS: G. RICHARD OLDS, MD GROUP MEMBERS: GLENN A. OLDS GROUP MEMBERS: HENRY D. PENNEY GROUP MEMBERS: JANE H. PENNEY GROUP MEMBERS: JOHN D. SCHANDELMEIR GROUP MEMBERS: JOHN GOODMAN GROUP MEMBERS: KAREN M. WILKINS GROUP MEMBERS: KENNETH L. UPTAIN GROUP MEMBERS: KJELL I. ROKKE GROUP MEMBERS: KRISTA K. HURST-PENNEY GROUP MEMBERS: LINDA MONTGOMERY MECHON GROUP MEMBERS: MARI E. MONTGOMERY GROUP MEMBERS: MARK CUTSFORTH GROUP MEMBERS: PAULINE J. PENNEY GROUP MEMBERS: RESOURCE GROUP INTERNATIONAL, INC. GROUP MEMBERS: RGI (ANTILLES) N.V. GROUP MEMBERS: RGI (DENMARK) APS GROUP MEMBERS: RGI (EUROPE) B.V. GROUP MEMBERS: RGI REAL ESTATE, INC. GROUP MEMBERS: RGI REALTY INC GROUP MEMBERS: ROBERT C. PENNEY GROUP MEMBERS: ROBERT L. EVANS GROUP MEMBERS: SUSAN R. CANGE GROUP MEMBERS: VERONICA C. MONTGOMERY GROUP MEMBERS: WILLIAM R. WILKINS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KOGER EQUITY INC CENTRAL INDEX KEY: 0000835664 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 592898045 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39744 FILM NUMBER: 96535940 BUSINESS ADDRESS: STREET 1: 3986 BLVD CTR DR STE 101 CITY: JACKSONVILLE STATE: FL ZIP: 32207 BUSINESS PHONE: 9043983403 MAIL ADDRESS: STREET 1: 3986 BLVD CTR DR STREET 2: SUITE 101 CITY: JACKSONVILLE STATE: FL ZIP: 32207 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RGI REALTY INC CENTRAL INDEX KEY: 0001006411 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O OAK HARBOR CLUB STREET 2: 2121 GRAND HARBOR BLVD CITY: VERO BEACH STATE: FL ZIP: 32967 BUSINESS PHONE: 4077704551 MAIL ADDRESS: STREET 1: C/O OAK HARBOR CLUB STREET 2: 2121 GRAND HARBOR BLVD CITY: VERO BEACH STATE: FL ZIP: 32967 SC 13D/A 1 RGI REALTY, INC. SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* KOGER EQUITY, INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 50022 81 01 (CUSIP Number) Kenneth L. Uptain, President RGI Realty, Inc. Oak Harbor Club 2121 Grand Harbor Boulevard Vero Beach, Florida 32967 (407) 770-4551 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 6, 1996 (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 [_]. (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.) 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). CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kjell I. Rokke 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* AF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Norway 7 SOLE VOTING POWER NUMBER OF 8 SHARED VOTING POWER -0- SHARES 2,452,571 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY -0- EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON 2,452,571 WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,452,571 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.8% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RGI (Antilles) N.V. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* AF, WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles 7 SOLE VOTING POWER NUMBER OF -0- SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,452,571 OWNED BY 9 SOLE DISPOSITIVE POWER EACH -0- REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER 2,452,571 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,452,571 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.8% 14 TYPE OF REPORTING PERSON* HC, CO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RGI (Europe) B.V. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* AF, WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands 7 SOLE VOTING POWER NUMBER OF -0- SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,452,571 OWNED BY 9 SOLE DISPOSITIVE POWER EACH -0- REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 2,452,571 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,452,571 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.8% 14 TYPE OF REPORTING PERSON* HC, CO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RGI (Denmark) ApS 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* AF, WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Denmark 7 SOLE VOTING POWER NUMBER OF -0- SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,452,571 OWNED BY 9 SOLE DISPOSITIVE POWER EACH -0- REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 2,452,571 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,452,571 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.8% 14 TYPE OF REPORTING PERSON* HC, CO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Resource Group International, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* AF, WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Washington 7 SOLE VOTING POWER NUMBER OF -0- SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,452,571 OWNED BY 9 SOLE DISPOSITIVE POWER EACH -0- REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 2,452,571 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,452,571 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.8% 14 TYPE OF REPORTING PERSON* HC, CO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RGI Real Estate, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* AF, WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Washington 7 SOLE VOTING POWER NUMBER OF -0- SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,450,571 OWNED BY 9 SOLE DISPOSITIVE POWER EACH -0- REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 2,450,571 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,450,571 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.8% 14 TYPE OF REPORTING PERSON* HC, CO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RGI Realty, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* AF, WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida 7 SOLE VOTING POWER NUMBER OF 8 SHARED VOTING POWER -0- SHARES 2,450,571 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY -0- EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON 2,450,571 WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,450,571 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.8% 14 TYPE OF REPORTING PERSON* CO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert C. Penney 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pauline J. Penney 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Henry D. Penney 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 8 SHARED VOTING POWER SHARES -0- BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 100 EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON -0- WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jane H. Penney 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Karen M. Wilkins 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William R. Wilkins 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 8 SHARED VOTING POWER SHARES -0- BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 100 EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON -0- WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mark Cutsforth 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Krista K. Hurst-Penney 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Glenn A. Olds 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 8 SHARED VOTING POWER SHARES 2,400 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 100 EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON 2,400 WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,500 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Eva B. Olds 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY 2,400 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 2,400 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,500 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON G. Richard Olds, MD 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John D. Schandelmeir 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 8 SHARED VOTING POWER SHARES 1,800 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 100 EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON 1,800 WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,900 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Etta Schandelmeir 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,800 OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 1,800 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,900 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles J. Cange 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 100 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 100 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Susan R. Cange 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 200 8 SHARED VOTING POWER SHARES -0- BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 200 EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON -0- WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 200 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John Goodman 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 1,000 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 1,000 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Linda Montgomery Mechon 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 50 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 50 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mari E. Montgomery 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 50 8 SHARED VOTING POWER SHARES -0- BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY 50 EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON -0- WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert L. Evans 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 50 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 50 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Veronica C. Montgomery 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF 50 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 50 REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kenneth L. Uptain 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF -0- 8 SHARED VOTING POWER SHARES 1,000 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY -0- EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON 1,000 WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cathy Diane Uptain 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF -0- SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,000 OWNED BY 9 SOLE DISPOSITIVE POWER EACH -0- REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 1,000 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Donald Markey 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF -0- SHARES 8 SHARED VOTING POWER BENEFICIALLY 1,000 OWNED BY 9 SOLE DISPOSITIVE POWER EACH -0- REPORTING PERSON 10 SHARED DISPOSITIVE POWER WITH 1,000 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 50022 81 01 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Detra Markey 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. 7 SOLE VOTING POWER NUMBER OF -0- 8 SHARED VOTING POWER SHARES 1,000 BENEFICIALLY 9 SOLE DISPOSITIVE POWER OWNED BY -0- EACH REPORTING 10 SHARED DISPOSITIVE POWER PERSON 1,000 WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! The Schedule 13D initially filed on January 29, 1996 by the parties hereto (with the exception of RGI Real Estate, Inc.) with respect to the Common Stock, par value $.01 per share ("Common Stock"), of Koger Equity, Inc., a Florida corporation (the "Issuer"), is hereby amended and restated in its entirety by this Amendment No. 1 to the Schedule 13D. ITEM 1. Security and Issuer. This Statement relates to the Common Stock, par value $0.01 per share ("Common Stock"), of Koger Equity, Inc., a Florida corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 3986 Boulevard Center Drive, Suite 101, Jacksonville, Florida 32207. ITEM 2. Identity and Background. This Statement is filed on behalf of: (1) Kjell I. Rokke ("Mr. Rokke"), a citizen of Norway and the owner of approximately 70.5% of the outstanding capital stock of RGI (Antilles) N.V., a Netherlands Antilles limited liability company ("RGI Antilles"); (2) RGI Antilles; (3) RGI (Europe) B.V., a Netherlands corporation and wholly- owned subsidiary of RGI Antilles ("RGI Europe"); (4) RGI (Denmark) ApS, a Danish limited liability company and wholly-owned subsidiary of RGI Europe ("RGI Denmark"); (5) Resource Group International, Inc., a Washington corporation and wholly-owned subsidiary of RGI Denmark ("RGI International"); (6) RGI Real Estate, Inc., a Washington corporation and wholly- owned subsidiary of RGI International ("RGI Real Estate"); (7) RGI Realty, Inc., a Florida corporation and wholly-owned subsidiary of RGI Real Estate ("RGI Realty"); and (8) The individuals set forth below (hereinafter collectively referred to as the "Individual Holders"), each of whom is a citizen of the United States of America: Robert C. Penney Pauline J. Penney Henry D. Penney Jane H. Penney William R. Wilkins Karen M. Wilkins Mark Cutsforth Krista K. Hurst-Penney Glenn A. Olds Eva B. Olds G. Richard Olds, MD John D. Schandelmeir Etta Schandelmeir Charles J. Cange Susan R. Cange John Goodman Linda Montgomery Mechon Mari E. Montgomery Robert L. Evans Veronica C. Montgomery Kenneth L. Uptain Cathy Diane Uptain Donald Markey Detra Markey RGI Antilles, RGI Europe, RGI Denmark, RGI International, RGI Real Estate and RGI Realty are hereinafter collectively referred to as the "RGI Entities". RGI Antilles is the ultimate parent holding company of numerous entities engaged in various businesses, including (1) seafood operations, (2) shipyard and material handling businesses, (3) the distribution of sporting goods, office supplies and other products, (4) the ownership and development of real estate and (5) finance operations. RGI Europe, RGI Denmark, RGI International and RGI Real Estate are intermediate holding companies for various entities engaged in such businesses. RGI Realty was recently organized to serve as a holding company for investments in entities engaged in the ownership and development of real estate and related assets. The address of the principal business and principal offices of RGI Antilles is 6 John B. Gorsiraweg, Curacao, Netherlands Antilles. The address of the principal business and principal offices of RGI Europe is Kneuterdijk 15, 2524 EM, Haag, Holland. The address of the principal business and principal offices of RGI Denmark is Runsted Strandvej 62B, DK-2960 Rungsten Kyst, Denmark. The address of the principal business and principal offices of RGI International is 1420 Fifth Avenue, 42nd Floor, Seattle, Washington 98101-2333. The address of the principal business and principal offices of RGI Real Estate is 3810 196th Street SW, Suite 10, Lynnwood, Washington 98036. The address of the principal business and principal offices of RGI Realty is Oak Harbor Club, 2121 Grand Harbor Boulevard, Vero Beach, Florida 32967. Mr. Rokke's principal business address is 83 Shirley Street, Nassau, Bahamas. (a) - (c) & (f) The following sets forth with respect to each Managing Director of RGI Antilles his or its name, residence or principal business address, and citizenship or place or organization: Kjell I. Rokke 83 Shirley Street Nassau, Bahamas (Norwegian citizen) Bjorn R. Gjelsten Beddingen 20 0250 Oslo, Norway (Norwegian citizen) Kenneth L. Uptain 3810 196th Street S.W. Suite 10 Lynnwood, WA 98036 (U.S. citizen) David A. Herrick 1420 Fifth Avenue, 42nd Floor Seattle, WA 98101-2333 (U.S. citizen) Bernt O. Bodal 2025 First Avenue, Suite 900 Seattle, WA 98121 (U.S. citizen) MeesPierson Trust (Curacao) N.V. 14 John B. Gorsiraweg P.O. Box 3889 Curacao, Netherlands Antilles (Netherlands Antilles limited liability company) The following sets forth with respect to each Managing Director of RGI Europe his or its name, residence or principal business address, and citizenship or place of organization: Kjell I. Rokke 83 Shirley Street Nassau, Bahamas (Norwegian citizen) Bjorn R. Gjelsten Beddingen 20 0250 Oslo, Norway (Norwegian citizen) MeesPierson Trust B.V. Kneuterdijk 15 P.O. Box 188 2501 AR The Hague The Netherlands (Netherlands corporation) Note: RGI Antilles and RGI Europe have entered into management agreements with MeesPierson Trust (Curacao) N.V. and MeesPierson Trust B.V., respectively, for the purpose of local legal requirements and practical needs. Under Netherlands Antilles law, a company can only carry on a business in the Netherlands Antilles if such a company has a residence permit. For an offshore company, such as RGI Antilles, it is required that the company have at least one managing director that is a resident of the Netherlands Antilles. Through the appointment of MeesPierson Trust (Curacao) N.V., this requirement has been satisfied. MeesPierson Trust (Curacao) N.V., as managing director, provides a register office for RGI Antilles, as well as administrative and clerical services. The legal requirements in the Netherlands are substantially similar. Consequently, MeesPierson Trust B.V. serves as a managing director of RGI Europe to comply with applicable legal requirements and also provides similar administrative and clerical services. The following sets forth with respect to each director of RGI Denmark his name, residence or principal business address, and citizenship: Kjell I. Rokke 83 Shirley Street Nassau, Bahamas (Norwegian citizen) Bjorn R. Gjelsten Beddingen 20 0250 Oslo, Norway (Norwegian citizen) Fleming Heegaard Runsted Strandvej 62B DK-2960 Rungsten Kyst Denmark (Danish citizen and an attorney in private practice) The following sets forth with respect to each executive officer and director of RGI International his name, position(s) with such company, residence or principal business address, and citizenship: Kjell I. Rokke President and Director - RGI International 83 Shirley Street Nassau, Bahamas (Norwegian citizen) Bjorn R. Gjelsten Vice President and Director - RGI International Beddingen 20 0250 Oslo, Norway (Norwegian citizen) David A. Herrick Treasurer and Director - RGI International 1420 Fifth Avenue, 42nd Floor Seattle, WA 98101-2333 (U.S. citizen) Bernt O. Bodal Director - RGI International 2025 First Avenue, Suite 900 Seattle, WA 98121 (U.S. citizen) Kenneth L. Uptain Director - RGI International 3810 196th Street S.W. Suite 10 Lynnwood, WA 98036 (U.S. citizen) Olav Revhaug Secretary 1420 Fifth Avenue, 42nd Floor Seattle, WA 98101-2333 (Norwegian citizen) The following sets forth with respect to each executive officer and director of RGI Real Estate his name, position(s) with such company, residence or principal business address, and citizenship: Kenneth L. Uptain President and Director - RGI Real Estate 3810 196th Street S.W. Suite 10 Lynnwood, WA 98036 (U.S. citizen) Kjell I. Rokke Vice President and Director - RGI Real Estate 83 Shirley Street Nassau, Bahamas (Norwegian citizen) David A. Herrick Secretary and Treasurer - RGI Real Estate 1420 Fifth Avenue, 42nd Floor Seattle, WA 98101-2333 (U.S. citizen) Jan Petter Storetvedt Director - RGI Real Estate Box 4538 Torshov 0404 Oslo, Norway (Norwegian citizen and business executive) The following sets forth with respect to each executive officer and director of RGI Realty his name, position(s) with such company, present principal occupation (if other than with the RGI Entities), principal business address, and citizenship: Kenneth L. Uptain President, Secretary and Director - RGI Realty 3810 196th Street S.W. Suite 10 Lynnwood, WA 98036 (U.S. citizen) Joseph P. Cange Vice President and Director - RGI Realty Certified Public Accountant 102 West 500 South Salt Lake City, Utah 84101 (U.S. citizen) Olav Revhaug Treasurer and Director - RGI Realty 1420 Fifth Avenue, 42nd Floor Seattle, WA 98101-2333 (Norwegian citizen) The following sets forth with respect to each Individual Holder his or her residence address, present principal occupation or employment, and the name, address and principal business of any corporation or other organization in which such employment is conducted for: Name, Address Principal and Principal Name Residence Address Occupation Business of Employer 3620 Penland Parkway Robert C. Penney Anchorage, AK 99508 Investor Not Applicable Pauline J. 3620 Penland Parkway Penney Anchorage, AK 99508 Homemaker Not Applicable Penco Company 960 Botanical Heights Anchorage, Henry D. Penney Circle Manager Alaska (real Anchorage, AK 99515 estate company) Jane H. Penney 960 Botanical Heights Training U.S. Dept. of Circle Specialist Defense Anchorage, AK 99515 Elmendorf, Alaska Penland Sales, Inc. William R. 225 Botanical Drive 3620 Penland Wilkins Anchorage, AK 99515 President Parkway, Anchorage, Alaska 99508 Karen M. Wilkins 225 Botanical Drive Anchorage, AK 99515 Homemaker Not Applicable BMC Software, Inc. 13659 Victory #521 Software 2101 City West Mark Cutsforth Van Nuys, CA 91401 Consultant Blvd. Houston, Texas 77042 13659 Victory #521 Krista K. Hurst- Van Nuys, CA 91401 Homemaker Not Applicable Penney 31530 NE Center Lane Glenn A. Olds Sherwood, OR 97140-8505 Retired Not Applicable 31530 NE Center Lane Eva B. Olds Sherwood, OR 97140-8505 Retired Not Applicable Physician- Metro Health in-Chief Medical Center 495 N. Main Street and 2500 Metro G. Richard Olds Chagrin Falls, OH 44022 Chairman Health Dr. MD of Cleveland, Ohio Medicine 44109 3462 Strawberry Road John D. Anchorage, AK 99502- Retired Not Applicable Schandelmeir 7109 3462 Strawberry Road Etta Schandelmeir Anchorage, AK 99502- Homemaker Not Applicable 7109 121 Ridgetop Place Charles J. Cange Sequim, WA 98382-9334 Retired Not Applicable 121 Ridgetop Place Susan R. Cange Sequim, WA 98382-9334 Homemaker Not Applicable Pinnacle Management Company 320 Andover Park East 320 Andover Seattle, WA 96188 Park East John Goodman (Business Address) President Seattle, WA 96188 (real estate management company) 23711 Meridian Avenue Kenneth L. Uptain Bothell, WA 98021-8724 President RGI Real Estate, Inc. 23711 Meridian Avenue Cathy Diane Bothell, WA 98021-8724 Homemaker Not Applicable Uptain Pinnacle Management Company 320 Andover 21509 NE 97th Place Executive Park East Donald Markey Redmond, WA 98053 Vice Seattle, WA President 96188 (real estate management company) 21509 NE 97th Place Detra Markey Redmond, WA 98053 Homemaker Not Applicable 600 West 76th Avenue, Linda Montgomery #108 Homemaker Not Applicable Mechon Anchorage, AK 99518 University of Alaska 600 West 76th Avenue, Senior 3890 University Mari E. #101 Property Lake Dr., #103 Montgomery Anchorage, AK 99518 Manager Anchorage, AK 99508 Evans 600 West 76th Avenue, Vice Industries, Robert L. Evans #101 President/ Inc. Anchorage, AK 99518 Principal P.O. Box 325 Healy, AK 99743 EMCON Alaska, Inc. 600 West 76th Avenue, Certified 4701 Business Veronica C. #209 Public Park Blvd. #36 Montgomery Anchorage, AK 99518 Accountant Anchorage, AK 99503 (d) - (e) During the last five years, none of the RGI Related Entities and, to the best of their knowledge, none of their respective executive officers, directors and/or managing directors (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Similarly, during the last five years, none of the Individual Holders (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. Source and Amount of Funds or Other Consideration. On January 5, 1996, RGI International acquired 2,000 shares of the Issuer's Common Stock for $21,750.00, or $10-7/8 per share. On January 19, 1996, RGI Realty acquired 1,000 shares of the Issuer's Common Stock for $11,500.00, or $11.50 per share. Pursuant to the Purchase Agreement (as defined below), on January 19, 1996, RGI Realty acquired 1,200,000 shares of the Issuer's Common Stock for $14,437,377.05, or $12.00 per share plus a carrying cost equal to 5% per annum from January 1, 1996 until the date of purchase. Pursuant to the Purchase Agreement, on March 6, 1996, RGI Realty acquired an additional 1,249,571 shares of the Issuer's Common Stock for $15,128,338.72, or $12.00 per share plus a carrying cost equal to 5% per annum from January 1, 1996 until the date of purchase. The source of funding for each of the foregoing acquisitions was available working capital of RGI International and its affiliated companies. All of the shares of the Issuer's Common Stock beneficially owned by each Individual Holder were acquired using personal funds of the Individual Holder, or by gift from another Individual Holder. The 800 shares of the Issuer's Common Stock currently beneficially owned by Robert C. Penney, Pauline J. Penney, Henry D. Penney, Jane H. Penney, Karen M. Wilkins, William R. Wilkins, Mark Cutsforth and Krista K. Hurst-Penney were purchased by Robert C. Penney on December 26, 1995 for $8,100.00, or $10-1/8 per share. On or about January 3, 1996, Robert C. Penney transferred by gift 100 shares of the Issuer's Common Stock to each of the other seven individuals named above. Of the shares of the Issuer's Common Stock currently beneficially owned by Glenn A. Olds, Eva B. Olds and G. Richard Olds, MD, 2,000 shares were purchased by Glenn A. Olds and Eva B. Olds, as joint tenants, on March 28, 1995 for $13,500.00, or $6-3/4 per share. On or about December 21, 1995, they transferred for no consideration 100 shares each to Glenn A. Olds, Eva B. Olds and G. Richard Olds, MD individually. On March 8, 1996, Glenn A. Olds and Eva B. Olds, as joint tenants, purchased an additional 700 shares for $7,700.00, or $11.00 per share. The 2,000 shares of the Issuer's Common Stock currently beneficially owned by John D. Schandelmeir and Etta Schandelmeir were purchased by John D. Schandelmeir and Etta Schandelmeir, as joint tenants, for $13,000, or $6.50 per share. On or about January 25, 1996, they transferred for no consideration 100 shares to each of themselves individually. The 200 shares of the Issuer's Common Stock currently beneficially owned by Mari E. Montgomery, Robert L. Evans, Linda Montgomery Mechon and Veronica C. Montgomery were purchased by Mari E. Montgomery and Robert L. Evans, as joint tenants, on January 17, 1996 for $2,275.00, or $11-3/8 per share. On or about January 17, 1996, they transferred for no consideration 50 shares each to Mari E. Montgomery, Robert L. Evans, Linda Montgomery Mechon and Veronica C. Montgomery individually. The remaining Individual Holders also purchased their shares of the Issuer's Common Stock using personal funds. The following sets forth the name of each Individual Holder, the number of Shares of the Issuer's Common Stock purchased, the aggregate amount paid therefor (excluding commissions and other sales charges) and the purchase price per share: Number of Aggregate Name Shares Amount Paid Price Per Share Charles J. Cange 100 $ 1,125.00 $10-1/8 Susan R. Cange 200 2,050.00 10-1/4 John Goodman 1,000 10,125.00 10-1/8 Kenneth L. Uptain and Cathy Diane Uptain, 1,000 10,000.00 10 Joint Tenants Donald Markey and Detra Markey, Joint 1,000 10,125.00 10-1/8 Tenants ITEM 4. Purpose of Transaction. The RGI Entities own approximately 13.8% of the outstanding Shares of the Issuer's Common Stock. The RGI Entities originally acquired such Shares with a view toward (1) obtaining up to a 25% equity interest in the Issuer, and (2) exerting influence over management of the Issuer. The Issuer's Amended and Restated Articles of Incorporation (the "Articles") contain certain restrictions on the concentration of ownership of the Issuer's Common Stock. In addition, the Issuer's Common Stock Rights Agreement dated as of September 30, 1990, as amended (the "Rights Plan"), between the Issuer and First Union National Bank, as successor Rights Agent, provides for the triggering of certain Rights (as defined in the Rights Plan) in the event any person and its Affiliates (as defined in the Rights Plan) are deemed to beneficially own in excess of 15% of the outstanding shares of the Issuer's Common Stock. Consequently, representatives of the RGI Entities met with members of management of the Issuer seeking (1) an exemption from the restrictions on the concentration of ownership contained in the Issuer's Articles to allow for ownership by the RGI Entities and their affiliates of up to and including 25% of the outstanding shares of the Issuer's Common Stock, and (2) an amendment to the Rights Plan such that the beneficial ownership of up to and including 25% of the outstanding shares of the Issuer's Common Stock by the RGI Entities and any of their affiliates would not cause the triggering of the Rights (as defined in the Rights Plan). Representatives of the RGI Entities also have requested representation on the Issuer's Board of Directors (a minimum of two seats) and certain registration rights with respect to shares of the Issuer's Common Stock held by the RGI Entities and any of their affiliates. Suitable arrangements with respect to the foregoing matters could not be reached with the Issuer's present Board of Directors. Consequently, the RGI Entities considered seeking a change in the composition of the Board of Directors of the Issuer through the nomination of an alternative slate of directors and the solicitation of proxies in compliance with applicable securities laws. The RGI Entities have determined not to take any such action. Instead, the RGI Entities have determined that it would be in their best interests to explore various alternatives for divesting themselves of their holdings of the Issuer's Common Stock. However, the RGI Entities currently have no proposal to effect such a divestiture. ITEM 5. Interest in Securities of the Issuer. (a) As of the date of this Amendment No. 1 to Schedule 13D, RGI Realty beneficially owns 2,450,571 shares of the Issuer's Common Stock, which constitutes approximately 13.8% of the outstanding shares of the Issuer's Common Stock. RGI International beneficially owns 2,000 shares of the Issuer's Common Stock, which constitutes approximately 0.01% of the outstanding shares of the Issuer's Common Stock; in addition, RGI International, as an intermediate parent holding company for RGI Realty, may be deemed to beneficially own the shares of the Issuer's Common Stock beneficially owned by RGI Realty. RGI Real Estate, as the parent corporation of RGI Realty, may be deemed to beneficially own the 2,450,571 shares of the Issuer's Common Stock beneficially owned by RGI Realty. Each of RGI Antilles, RGI Europe and RGI Denmark, as parent holding companies for RGI International and RGI Realty (as well as Mr. Rokke, as the majority shareholder of RGI Antilles, the ultimate parent holding company), may be deemed to beneficially own the shares of the Issuer's Common Stock beneficially owned by RGI International and RGI Realty, all of which constitutes 2,452,571 shares of the Issuer's Common Stock (approximately 13.8% of the outstanding shares of the Issuer's Common Stock). Mr. Rokke, RGI Antilles, RGI Europe, RGI Denmark, RGI International (with respect only to the shares beneficially owned by RGI Realty), and RGI Real Estate each disclaims beneficial ownership of the shares of the Issuer's Common Stock reported herein and the filing of this Statement shall not be construed as an admission that any such entity is the beneficial owner of any securities covered by this Statement. Each of the Individual Holders beneficially owns the aggregate number of shares of the Issuer's Common Stock set forth below after his or her name, which shares constitute less than 0.02% of the outstanding shares of the Issuer's Common Stock: Name of Individual Holder Number of Shares of Common Stock Robert C. Penney 100 Pauline J. Penney 100 Henry D. Penney 100 Jane H. Penney 100 Karen M. Wilkins 100 William R. Wilkins 100 Mark Cutsforth 100 Krista K. Hurst-Penney 100 Glenn A. Olds 2,500 Eva B. Olds 2,500 G. Richard Olds, MD 100 John D. Schandelmeir 1,900 Etta Schandelmeir 1,900 Charles J. Cange 100 Susan R. Cange 200 John Goodman 1,000 Linda Montgomery Mechon 50 Mari E. Montgomery 50 Robert L. Evans 50 Veronica C. Montgomery 50 Kenneth L. Uptain 1,000 Cathy Diane Uptain 1,000 Donald Markey 1,000 Detra Markey 1,000 By virtue of the termination of the understandings described in Item 6, Mr. Rokke and the RGI Entities disclaim beneficial ownership of such shares and the filing of this Statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities. (b) RGI Realty has shared power to vote and dispose of 2,450,571 shares of the Issuer's Common Stock. RGI Real Estate, as the parent corporation of RGI Realty, may be deemed to share the power to vote and dispose of the 2,450,571 shares of the Issuer's Common Stock over which RGI Realty has shared voting and dispositive power. RGI International has shared power to vote and dispose of 2,000 shares of the Issuer's Common Stock and, as a parent holding company of RGI Realty, may be deemed to share the power to vote and dispose of the 2,450,571 shares of the Issuer's Common Stock over which RGI Realty has shared voting and dispositive power. Each of RGI Antilles, RGI Europe and RGI Denmark, as parent holding companies for RGI International and RGI Realty (as well as Mr. Rokke, as the majority shareholder of RGI Antilles, the ultimate parent holding company), may be deemed to have shared power to vote and dispose of the 2,452,571 shares of the Issuer's Common Stock over which RGI International and/or RGI Realty have shared voting and dispositive power. Each of the Individual Holders has sole/shared voting power and sole/shared dispositive power with respect to the number of shares of the Issuer's Common Stock indicated below: Number of Shares of Common Stock Sole Shared Name of Sole Shared Dispositive Dispositive Individual Holder Voting Voting Power Power Power Power Robert C. Penney 100 -0- 100 -0- Pauline J. Penney 100 -0- 100 -0- Henry D. Penney 100 -0- 100 -0- Jane H. Penney 100 -0- 100 -0- Karen M. Wilkins 100 -0- 100 -0- William R. Wilkins 100 -0- 100 -0- Mark Cutsforth 100 -0- 100 -0- Krista K. Hurst- 100 -0- 100 -0- Penney Glenn A. Olds 100 2,400 100 2,400 Eva B. Olds 100 2,400 100 2,400 G. Richard Olds, MD 100 -0- 100 -0- John D. 100 1,800 100 1,800 Schandelmeir Etta Schandelmeir 100 1,800 100 1,800 Charles J. Cange 100 -0- 100 -0- Susan R. Cange 200 -0- 200 -0- John Goodman 1,000 -0- 1,000 -0- Linda Montgomery 50 -0- 50 -0- Mechon Mari E. Montgomery 50 -0- 50 -0- Robert L. Evans 50 -0- 50 -0- Veronica C. 50 -0- 50 -0- Montgomery Kenneth L. Uptain -0- 1,000 -0- 1,000 Cathy Diane Uptain -0- 1,000 -0- 1,000 Donald Markey -0- 1,000 -0- 1,000 Detra Markey -0- 1,000 -0- 1,000 (c) The following table sets forth transactions in the Issuer's Common Stock effected since November 17, 1995 by the Individual Holders, Mr. Rokke, the RGI Entities, and the officers, directors and/or managing directors of the respective RGI Entities: Number of Date of Type of Shares of Name of Transaction Transaction Common Stock Price Per Person/Entity (1) Share Robert C. Penney 11/17/95 OP 3,000 $ 9-1/4 Robert C. Penney 12/26/95 OP 800 10-1/8 Robert C. Penney 12/19/95 OS 1,300 9-7/8 Robert C. Penney 12/27/95 OS 3,000 10-1/4 Robert C. Penney 01/04/96 OS 3,000 11-1/4 Robert C. Penney 01/04/96 OS 3,000 11 Robert C. Penney 01/09/96 OS 3,000 11-1/4 Robert C. Penney 01/09/96 OS 3,000 11-1/8 Robert C. Penney 01/03/96 TPG 100 Not Applicable Robert C. Penney 01/03/96 TPG 100 Not Applicable Robert C. Penney 01/03/96 TPG 100 Not Applicable Robert C. Penney 01/03/96 TPG 100 Not Applicable Robert C. Penney 01/03/96 TPG 100 Not Applicable Robert C. Penney 01/03/96 TPG 100 Not Applicable Robert C. Penney 01/03/96 TPG 100 Not Applicable Pauline J. Penney 01/03/96 APG 100 Not Applicable Henry D. Penney 01/03/96 APG 100 Not Applicable Jane H. Penney 01/03/96 APG 100 Not Applicable William R. Wilkins 01/03/96 APG 100 Not Applicable Karen M. Wilkins 01/03/96 APG 100 Not Applicable Mark Cutsforth 01/03/96 APG 100 Not Applicable Krista K. Hurst- 01/03/96 APG 100 Not Penney Applicable Robert C. Penney 01/12/96 OS 3,000 11-1/8 Robert C. Penney 01/15/96 OS 5,000 11 Robert C. Penney 01/15/96 OS 12,000 11-1/4 Robert C. Penney 01/15/96 OS 9,000 11-1/8 Glenn A. Olds and Eva Olds, as Joint 12/21/95 TPG (2) 100 Not Tenants Applicable Glenn A. Olds and Eva Olds, as Joint 01/11/96 OS 2,700 11-1/4 Tenants Glenn A. Olds and Eva Olds, as Joint 01/12/96 OS 1,200 11-1/4 Tenants Glenn A. Olds and Eva Olds, as Joint 01/15/96 OS 2,100 11-1/4 Tenants Glenn A. Olds and Eva Olds, as Joint 03/08/96 OP 700 11 Tenants G. Richard Olds, 12/21/95 APG 100 Not MD Applicable John D. Schandelmeir and Etta Schandelmeir, 01/02/96 OS 2,000 11 as Joint Tenants John D. Schandelmeir and Etta Schandelmeir, 01/15/96 OS 10,000 11-1/4 as Joint Tenants Charles Cange 12/27/95 OP 100 10-1/8 Susan R. Cange 12/27/95 OP 200 10-1/4 John Goodman 12/22/95 OP 1,000 10-1/8 Donald Markey and Detra Markey, as 12/26/95 OP 1,000 10-1/8 Joint Tenants Kenneth L. Uptain and Cathy Diane Uptain, as Joint 12/22/95 OP 1,000 10 Tenants Mari E. Montgomery and Robert L. Evans, as Joint 01/17/96 OP 200 11-3/8 Tenants Mari E. Montgomery and Robert L. Evans, as Joint Tenants 01/17/96 TPG (3) 50 Not Applicable Mari E. Montgomery and Robert L. Evans, as Joint Tenants 01/17/96 TPG (3) 50 Not Applicable Linda Montgomery 01/17/96 APG 50 Not Mechon Applicable Veronica C. 01/17/96 APG 50 Not Montgomery Applicable RGI Realty 01/19/96 OP 1,000 11-1/2 RGI Realty 01/19/96 PNP 1,200,000(4) (4) RGI Realty 03/06/96 PNP 1,249,571(5) (5) RGI International 01/05/96 OP 2,000 10-7/8 _______________________ (1) The following abbreviations are used to indicate the type of transaction involved: OP: Open Market Purchase OS: Open Market Sale PNP: Privately Negotiated Purchase PNS: Privately Negotiated Sale TPG: Transferred By Private Gift APG: Acquired by Private Gift (2) At the same time this transaction was effected, Glenn A. Olds and Eva Olds, as Joint Tenants, transferred 100 shares of the Issuer's Common Stock into each of their names individually. (3) At the same time this transaction was effected, Mari E. Montgomery and Robert L. Evans, as Joint Tenants, transferred 50 shares of the Issuer's Common Stock into each of their names individually. (4) This transaction was effected pursuant to the Purchase Agreement described in Item 6. The price per share of Common Stock acquired was $12.00 plus carry at a rate of 5% per annum from January 1, 1996 through the date of acquisition of the shares. (5) This transaction was effected pursuant to the Purchase Agreement described in Item 6. The price per share of Common Stock acquired was $12.00 plus carry at a rate of 5% per annum from January 1, 1996 through the date of acquisition of the shares. (d) None (e) Not Applicable ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Common Stock Purchase and Sale Agreement The following is a summary of certain provisions of the Common Stock Purchase and Sale Agreement dated January 18, 1996, including Amendment No. 1 thereto dated March 5, 1996 (collectively, the "Purchase Agreement"), by and among TCW Special Credits, a California general partnership ("Special Credits"), for itself and as general partner or investment manager for Weyerhaeuser Company Master Retirement Trust, TCW Special Credits Fund III and The Common Fund for Bond Investments; Trust Company of the West, a California corporation ("TCW"), for itself and as trustee for TCW Special Credits Trust, a California collective investment trust; and RGI International, copies of which are attached as Exhibits 1 and 2 hereto and are incorporated herein by reference. This summary is qualified in its entirety by reference to the Purchase Agreement. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement. Pursuant to the Purchase Agreement, RGI International purchased, through RGI Realty, from Weyerhaeuser Company Master Retirement Trust, TCW Special Credits Fund III, The Common Fund for Bond Investment and TCW Special Credits Trust (collectively, the "Selling Shareholders"), 1,200,000 shares (the "Initial Shares") of the Issuer's Common Stock on January 19, 1996 and an additional 1,249,571 shares (the "Secondary Shares") of the Issuer's Common Stock on March 6, 1996. In addition, if the Selling Shareholders should sell to third parties up to an additional 195,256 shares (the "Gross-Up Shares") on or before September 5, 1996, RGI International will make the payments described below, subject to certain conditions. As of the date hereof, none of the RGI Entities has any rights with respect to the voting and disposition of the Gross-Up Shares. The purchase price (1) paid by RGI International for the Initial Shares, (2) paid by RGI International for the Secondary Shares, and (3) guaranteed by RGI International to be received by the Selling Shareholders with respect to the Gross-Up Shares was and shall be $12.00 per share of the Issuer's Common Stock, plus a carrying cost from January 1, 1996 until the date of sale of each such share. The above-described price protection with respect to the Gross-Up Shares shall remain in effect until September 5, 1996. Amendment No. 1 to the Purchase Agreement, dated March 5, 1996, amended the Purchase Agreement to provide for the grant by each of the Selling Shareholders to RGI Realty an irrevocable proxy to vote the Secondary Shares beneficially owned by it as of March 5, 1996 at any annual or special meeting of the stockholders of the Issuer. Termination of Understanding Between RGI Entities and the Individual Holders Article III, Section 3, of the Issuer's By-Laws, as Amended and Restated on August 21, 1995 (the "Issuer's By-Laws"), provides in pertinent part that: [a]ny stockholder entitled to vote for the election of Directors at a meeting may nominate persons for election as Directors by giving timely notice thereof in proper written form to the secretary accompanied by a petition signed by at least one hundred (100) record holders of the common stock of the corporation which shows the number of shares held by each person and which represent in the aggregate one percent (1%) of the outstanding shares entitled to vote in the election of Directors. To assist RGI Realty and the RGI Entities in complying with this requirement in the event they determined to nominate persons for election as directors of the Issuer, each of the Individual Holders previously indicated his or her willingness to execute on behalf of the nominees of RGI Realty and the RGI Entities the form of petition contemplated by the Issuer's By-Laws. As described in Item 4 above, RGI Realty and the RGI Entities have determined not to seek a change in the composition of the Board of Directors of the Issuer through the nomination of an alternative slate of directors and the solicitation of proxies. Consequently, any understanding between the RGI Entities and each of the Individual Holders with respect to the foregoing has terminated. ITEM 7. Material to Be Filed as Exhibits. The following are filed herewith as Exhibits to this Amendment No. 1 to Schedule 13D: Exhibit 1- Common Stock Purchase and Sale Agreement, dated January 18, 1996 ("Purchase Agreement"), by and among TCW Special Credits, a California general partnership, for itself and as general partner or investment manager for Weyerhaeuser Company Master Retirement Trust, TCW Special Credits Fund III and The Common Fund for Bond Investments; Trust Company of the West, a California corporation, for itself and as trustee for TCW Special Credits Trust, a California collective investment trust; and Resource Group International, Inc., a Washington corporation. Exhibit 2- Amendment No. 1, dated March 5, 1996, to Purchase Agreement. SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated this 15th day of March, 1996 /s/ Kjell I. Rokke Kjell I. Rokke RGI (Antilles ) N.V. By:/s/ Kjell I. Rokke Its:Managing Director RGI (Europe) B.V. By:/s/ Kjell I. Rokke Its:Managing Director RGI (Denmark) ApS By:/s/ Kjell I. Rokke Its:Director RESOURCE GROUP INTERNATIONAL, INC. By:/s/ David A. Herrick Its:Treasurer RGI REAL ESTATE, INC. By:/s/ Kenneth L. Uptain Its:President RGI REALTY, INC. By:/s/ Kenneth L. Uptain Its:President /s/ Robert C. Penney /s/ Pauline J. Penney Robert C. Penney Pauline J. Penney /s/ Henry D. Penney /s/ Jane H. Penney Henry D. Penney Jane H. Penney /s/ Karen M. Wilkins /s/ William R. Wilkins Karen M. Wilkins William R. Wilkins /s/ Mark Cutsforth /s/ Krista K. Hurst-Penney Mark Cutsforth Krista K. Hurst-Penney /s/ Glenn A. Olds /s/ Eva B. Olds Glenn A. Olds Eva B. Olds /s/ G. Richard Olds /s/ John D. Schandelmeir G. Richard Olds John D. Schandelmeir /s/ Etta Schandelmeir /s/ Charles J. Cange Etta Schandelmeir Charles J. Cange /s/ Susan R. Cange /s/ John Goodman Susan R. Cange John Goodman /s/ Linda Montgomery Mechon /s/ Mari Montgomery Linda Montgomery Mechon Mari Montgomery /s/ Robert Evans /s/ Veronica Montgomery Robert Evans Veronica Montgomery /s/ Kenneth L. Uptain /s/ Cathy Diane Uptain Kenneth L. Uptain Cathy Diane Uptain /s/ Donald Markey /s/ Detra Markey Donald Markey Detra Markey EXHIBIT INDEX Sequential Exhibit Page Number Description Number 1 Common Stock Purchase and Sale Agreement, dated January 18, 1996 ("the Purchase Agreement"), by and among TCW Special Credits, for itself and as general partner or investment manager for Weyerhaeuser Company Master Retirement Trust, TCW Special Credits Fund III and The Common Fund for Bond Investments; Trust Company of the West, for itself and as trustee for TCW Special Credits Trust; and Resource Group International, Inc. 2 Amendment No. 1, dated March 5, 1996, to the Purchase Agreement. EX-99 2 EXHIBIT 1 COMMON STOCK PURCHASE AND SALE AGMT. EXHIBIT 1 COMMON STOCK PURCHASE AND SALE AGREEMENT This Common Stock Purchase and Sale Agreement (the "Agreement"), dated January 18, 1996, by and among TCW SPECIAL CREDITS, a California general partnership, for itself (in its individual capacity, "TCW") and as general partner or investment manager for the entities (other than TCW Trust (as defined below)) set forth on Schedule I attached hereto (each entity set forth on Schedule I (including TCW Trust), a "Selling Shareholder" and, collectively, the "Selling Shareholders"), TRUST COMPANY OF THE WEST, a California corporation, for itself (in its individual capacity, "Trust") and as trustee for TCW Special Credits Trust, a California collective investment trust ("TCW Trust"), and RESOURCE GROUP INTERNATIONAL, INC., a Washington corporation ("Purchaser"). WITNESSETH: WHEREAS, the Common Stock, par value $0.01 per share (including the common stock purchase rights associated therewith, the "Common Stock"), of Koger Equity, Inc., a Florida corporation (the "Company"), is publicly traded on the American Stock Exchange under the symbol "KE"; WHEREAS, the Selling Shareholders collectively own and desire to sell 2,449,571 shares of the Company's Common Stock as more particularly set forth on Schedule I attached hereto under the headings "Initial Shares" and "Secondary Shares" (as appropriately adjusted as necessary to reflect a stock split, stock dividend, merger, consolidation, reclassification, recapitalization or other similar transaction, the "Shares"), which Shares constitute approximately 13.8% of the total issued and outstanding shares of Common Stock; WHEREAS, TCW acts as general partner of, or investment manager to, each of the Selling Shareholders (other than TCW Trust) and, in such capacity, has the authority to take certain actions on behalf of the Selling Shareholders (other than TCW Trust) and has or shares the power to vote or dispose of, or to direct the voting or disposition of, the Shares (other than those owned by TCW Trust); WHEREAS, Trust acts as trustee of TCW Trust and, in such capacity, has the authority to take certain actions on behalf of TCW Trust and has or shares the power to vote or dispose of, or to direct the voting or disposition of, the Shares owned by TCW Trust; WHEREAS, Purchaser desires to purchase the Shares from the Selling Shareholders, and the Selling Shareholders desire to sell the Shares to Purchaser, upon the terms and conditions hereinafter set forth; WHEREAS, the Selling Shareholders require, and the Purchaser wishes to provide, certain assurance regarding the minimum consideration which each Selling Shareholder is entitled to receive with respect to the sale of the number of shares of Common Stock set forth opposite the name of such Selling Shareholder during the time period set forth in Section 12; NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants, agreements and conditions hereinafter set forth, and intending to be legally bound hereby, the parties hereto agree as follows: 1. Purchase and Sale of Shares. Subject to the terms and conditions of this Agreement, (i) on the Initial Closing Date (as hereinafter defined) the Selling Shareholders shall sell to Purchaser, and Purchaser shall purchase from the Selling Shareholders, the Shares set forth on Schedule I hereto under the heading "Initial Shares" (the "Initial Shares") and (ii) on the Second Closing Date (as hereinafter defined), the Selling Shareholders shall sell to Purchaser, and Purchaser shall purchase from the Selling Shareholders, the Shares set forth on Schedule I hereto under the heading "Secondary Shares" (the "Secondary Shares"). 2. Purchase Price. (a) The purchase price (the "Purchase Price") payable per Share to be purchased by Purchaser hereunder shall be, as of any date, $12.00 (appropriately adjusted as necessary to reflect a stock split, stock dividend, merger, consolidation, reclassification, recapitalization or other similar transaction with respect to the Common Stock), plus interest on such amount from January 1, 1996 through the date on which the Closing (as hereinafter defined)) with respect to such Share occurs at a rate of 5% per annum, compounded monthly, based on a year of 366 days. (b) All amounts payable by Purchaser to the Selling Shareholders pursuant to this Section 2 shall be paid by wire transfer of immediately available funds in accordance with the wire transfer instructions set forth on Schedule I hereto. 3. Representations and Warranties of TCW, Trust and Selling Shareholders. TCW, Trust and the Selling Shareholders (each on behalf of and with respect to itself) make the following representations and warranties to Purchaser, each of which is true and correct on the date hereof, shall remain true and correct to and as of the Second Closing (as hereinafter defined) (except for representations and warranties with respect to the Initial Shares, which shall remain true and correct to and as of the Initial Closing (as hereinafter defined)) and shall survive the Closings: (a) Each of TCW and Trust is duly organized, validly existing and in good standing under the laws of the State of California. Each of TCW and Trust has all requisite entity power and authority to enter into this Agreement and the other documents and instruments to be executed and delivered by TCW and Trust, respectively, and to carry out the transactions contemplated hereby and thereby. All entity actions and proceedings necessary to be taken by or on the part of each of TCW and Trust in connection with the transactions contemplated by this Agreement have been duly and validly taken. (b) Each of TCW and Trust has the power and authority under the terms and provisions of a partnership, trust or other written agreement with, or concerning the governance of, each of the Selling Shareholders (other than TCW Trust) and TCW Trust, respectively, to enter into this Agreement on behalf of such Selling Shareholder and to make the representations and warranties set forth herein on such Selling Shareholder's behalf. (c) The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered by (i) TCW for itself and on behalf of the Selling Shareholders (other than TCW Trust) and (ii) Trust for itself and on behalf of TCW Trust, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by TCW and Trust, respectively. (d) No other act or proceeding on behalf of TCW, Trust or any Selling Shareholder is necessary to authorize this Agreement or the other documents and instruments to be executed and delivered by TCW, Trust and the Selling Shareholders pursuant hereto or the consummation of the transactions contemplated hereby and thereby. This Agreement has been duly and validly executed and delivered by TCW, Trust and the Selling Shareholders and constitutes, and when executed and delivered, the other documents and instruments to be executed and delivered by TCW, Trust and the Selling Shareholders pursuant hereto will constitute, valid and binding agreements of each of TCW, Trust and the Selling Shareholders enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforceability of creditors' rights generally and by general equitable principles. Neither the execution, delivery and performance of this Agreement nor the consummation of the transactions contemplated herein will, with or without the giving of notice or the lapse of time, or both, (i) conflict with or result in any violation of or default under (a) any provision of the articles of incorporation, partnership agreement, bylaws, trust agreement or other governing document, of TCW, Trust or any Selling Shareholder, (b) any note, bond, mortgage, indenture, lease, agreement or other material instrument, permit, concession, grant, franchise or license to which TCW, Trust or any Selling Shareholder is a party or by which any of their properties or assets may be bound (provided that no representation or warranty is being made under this clause (b) as to the Amended and Restated Articles of Incorporation of the Company (as the same may be further amended from time to time, the "Articles")) or (c) any judgment, order, decree, injunction, statute, rule, permit, license or regulation applicable to TCW, Trust any Selling Shareholder or any of their respective properties, or (ii) result in the acceleration of any material obligation or the creation of any material lien, charge or encumbrance upon any of the assets of TCW, Trust or any Selling Shareholder. No authorization, consent or approval of, or declaration of, filing with or notice to any governmental body or authority is necessary for the execution, delivery and performance of this Agreement by TCW, Trust or any Selling Shareholder. (e) The Selling Shareholders are the owners of the Shares in the amounts set forth in Schedule I hereto, free and clear of all liens, claims, charges and other encumbrances (subject to any encumbrances imposed thereon or with respect thereto by the Articles or the restrictions on transfer contained in any applicable securities laws) and the Shares are held by Sanwa Bank & Trust, as custodian, through an account on the book entry system maintained by the Depositary Trust Corporation. Upon the Initial Closing and the Second Closing, the Selling Shareholders shall convey to Purchaser or its permitted designee or assignee good and marketable title to the Initial Shares and the Secondary Shares, respectively, in each case free and clear of all liens, claims, charges and other encumbrances (subject to any encumbrances imposed thereon or with respect thereto by the Articles or the restrictions on transfer contained in any applicable securities laws). None of the Selling Shareholders has any right, directly or indirectly, to purchase or has any interest in any shares of Common Stock other than the Shares and those shares of Common Stock described in filings on Schedule 13D (as it may be amended from time to time) made collectively by TCW and certain other parties. (f) Neither the Selling Shareholders nor any directors, partners, officers, employees or agents thereof has retained, employed or used any broker or finder in connection with the transactions provided for herein or in connection with the negotiation thereof. (g) None of the Selling Shareholders has offered, directly or indirectly, any Shares beneficially owned thereby for sale, nor solicited any offer to buy any such Shares, by means of any general advertising or by any other form of general solicitation. None of the Selling Share- holders has offered, directly or indirectly, any Shares beneficially owned thereby for sale, nor solicited any offer to buy any such Shares, in any other manner that would require the sale of the Shares to be subject to the registration requirements of the Securities Act of 1933, as amended. Each of the Selling Shareholders confirms that it did not acquire any Shares with a view to, or for, resale in connection with any distribution thereof within the meaning of the Securities Act of 1933, as amended, which would not be exempt from the registration requirements of such Act. 4. Representations and Warranties of Purchaser. Purchaser makes the following representations and warranties to TCW, Trust and the Selling Shareholders, each of which is true and correct on the date hereof, shall remain true and correct to and as of the Second Closing, and shall survive the Closings: (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Washington. Purchaser has all requisite corporate power to enter into this Agreement and the other documents and instruments to be executed and delivered by Purchaser pursuant hereto and to carry out the transactions contemplated hereby and thereby. (b) The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered by Purchaser pursuant hereto and the consummation of the transactions contemplated hereby and thereby have been duly authorized by the Board of Directors of Purchaser. No other corporate act or proceeding on the part of Purchaser or its shareholders is necessary to authorize this Agreement or the other documents and instruments to be executed and delivered by Purchaser pursuant hereto or the consummation of the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered, the other documents and instruments to be executed and delivered by Purchaser pursuant hereto will constitute, valid and binding agreements of Purchaser, enforceable in accordance with their respective terms, except as such may be limited by bankruptcy, insolvency, reorganization or other laws affecting creditors' rights generally, and by general equitable principles. (c) Neither the execution, delivery and performance of this Agreement nor the consummation of the transactions contemplated herein will, with or without the giving of notice or the lapse of time, or both, (i) conflict with or result in any violation of or default under (a) any provision of the Articles of Incorporation or the bylaws of Purchaser, each as amended and/or restated to date, (b) any note, bond, mortgage, indenture, lease, agreement or other material instrument, permit, concession, grant, franchise or license to which Purchaser is a party or by which any of its properties or assets may be bound (provided that no representation or warranty is being made under this clause (b) as to the Articles) or (c) any judgment, order, decree, injunction, statute, rule, permit, license or regulation applicable to Purchaser or any of its properties, or (ii) which result in the acceleration of any material obligation or the creation of any material lien, charge or encumbrance upon any of the assets of Purchaser. Except as contemplated by Section 6(a), no authorization, consent or approval of, or declaration of, filing with or notice to any governmental body or authority is necessary for the execution, delivery and performance of this Agreement by Purchaser. (d) Neither Purchaser nor any of its directors, officers, employees or agents has retained, employed or used any broker or finder in connection with the transaction provided for herein or in connection with the negotiation thereof. (e) Purchaser is a sophisticated investor capable of evaluating the merits and risks of investment in the Shares and of making an informed investment decision with respect thereto. Purchaser acknowledges that it has conducted its own review of the documents filed by the Company with the Securities and Exchange Commission (including, without limitation, any exhibits or schedules) and that neither TCW, Trust nor any of the Selling Shareholders is making any representations or warranties with respect to such documents (other than agreements to which TCW, Trust or a Selling Shareholder is a party) or their applicability to any of the transactions contemplated hereby. Neither TCW, Trust nor any Selling Shareholder has made any representation or warranty to Purchaser other than those set forth in Section 3. The Shares are being acquired by Purchaser for investment only and not with a view to resale or other distribution. Purchaser acknowledges and understands that the Shares being acquired hereunder shall have the status of securities acquired in a transaction under Section 4(2) of the Securities Act of 1933, as amended, and cannot be resold without registration under such Act or an exemption therefrom. Purchaser acknowledges and understands that TCW and the Selling Shareholders have a representative serving on the Company's Board of Directors. (f) Purchaser has a tangible net worth in excess of $100 million and Purchaser has cash or cash equivalents available in an amount sufficient to consummate the transactions contemplated hereby. 5. Covenants of TCW, Trust and the Selling Shareholders. (a) From the date hereof until the later of (i) the forty-fifth day after the Initial Closing Date and (ii) the earlier of (x) the sixtieth day after the Initial Closing Date and (y) three (3) business days after the date on which the condition set forth in Section 7(b)(ii) shall have been satisfied (the "Blackout Period"), each of the Selling Shareholders covenants and agrees that it will not transfer any of the Shares, except to Purchaser pursuant hereto. (b) TCW, Trust and the Selling Shareholders covenant and agree to cooperate with Purchaser and the Company in causing the event in Section 7(b)(ii) to occur including, without limitation, responding to any inquiries from the Federal Trade Commission (the "FTC") or the United States Department of Justice ("DOJ"). (c) TCW, Trust and the Selling Shareholders covenant and agree to assign their respective rights under the Registration Rights Agreement, dated as of August 9, 1993, by and between the Company and TCW, with respect to any Shares purchased hereunder, but only if such assignment is consented to by the Company and otherwise constitutes a valid assignment in accordance with such agreement. 6. Covenants of Purchaser. (a) Purchaser covenants and agrees that, as soon as possible (but in no event later than five (5) business days) after the Initial Closing, Purchaser shall prepare and file all documents with the FTC and the DOJ as are required to be filed by Purchaser pursuant to the Hart- Scott-Rodino Act of 1976, as amended (the "HSR Act") with respect to the Second Closing and shall furnish promptly all materials thereafter requested by any of the regulatory agencies having jurisdiction over such filings by Purchaser. (b) Purchaser covenants and agrees that after the Initial Closing, Purchaser shall use commercially reasonable efforts to cause the condition set forth in Sections 7(b)(ii) to be satisfied. 7. Conditions Precedent to Purchaser's Obligations. (a) Each and every obligation of Purchaser to be performed on any Closing Date (as hereinafter defined) shall be subject to the satisfaction prior to or at the Closing on such date of each of the following conditions: (i) Each of the representations and warranties made by TCW, Trust and each Selling Shareholder in this Agreement shall be true and correct in all material respects when made and shall be true and correct in all material respects at and as of such Closing Date as though such representations and warranties were made or given on and as of such Closing Date, except for any representation or warranty that expressly indicates that it is being made as of a specific date. (ii) Each of TCW, Trust and the Selling Shareholders shall have in all material respects performed and complied with all of its agreements and obligations under this Agreement which are to be performed or complied with by it prior to or on such Closing Date, including the delivery of the closing documents specified in Section 10. (iii) No injunction or restraining order shall have been issued by any court of competent jurisdiction that enjoins consummation of the transactions contemplated hereby. (b) Each and every obligation of Purchaser to be performed on the Second Closing Date shall be subject to the satisfaction prior to or at the Second Closing of each of the following conditions: (i) The Initial Closing shall have been consummated in accordance with the terms of this Agreement. (ii) All applicable waiting periods shall have expired or early termination shall have been received under the HSR Act to consummate the Second Closing. (c) Each and every obligation of Purchaser under Section 12 shall be subject only to the satisfaction prior to the date on which such obligations mature of the following conditions: (i) Each of the representations and warranties made by TCW, Trust and each Selling Shareholder in this Agreement shall be true and correct in all material respects when made and shall be true and correct in all material respects at and as of the last day of the Blackout Period as though such representations and warranties were made or given on and as of such date, except for any representation or warranty that expressly indicates that it is being made as of a specific date. (ii) Each of TCW, Trust and the Selling Shareholders shall have in all material respects performed and complied with all of its agreements and obligations under this Agreement which are to be performed or complied with by it prior to or on such date. 8. Conditions Precedent to Selling Shareholders' Obligations. (a) Each and every obligation of the Selling Shareholders to be performed on any Closing Date shall be subject to the satisfaction prior to or at the Closing on such date of the following conditions: (i) Each of the representations and warranties made by Purchaser in this Agreement shall be true and correct in all material respects when made and shall be true and correct in all material respects at and as of such Closing Date as though such representations and warranties were made or given on and as of such Closing Date. (ii) Purchaser shall have in all material respects performed and complied with all of its agreements and obligations under this Agreement which are to be performed or complied with by it prior to or on such Closing Date, including the delivery of the closing documents specified in Section 11. (iii) No injunction or restraining order shall have been issued by a court of competent jurisdiction that enjoins consummation of the transactions contemplated hereby. (b) Each and every obligation of the Selling Shareholders to be performed on the Second Closing Date shall be subject to the satisfaction prior to or at the Second Closing of each of the following conditions: (i) The Initial Closing shall have been consummated in accordance with the terms of this Agreement. (ii) The Second Closing Date shall occur prior to the expiration of the Blackout Period. 9. Closings. The closing of (i) the purchase and sale of the Initial Shares (the "Initial Closing") and (ii) the purchase and sale of the Secondary Shares (the "Second Closing" and, together with the Initial Closing, the "Closings") shall take place on January 19, 1996, in the case of the Initial Closing, and on the third business day following satisfaction of the condition set forth in Section 7(b)(ii), in the case of the Second Closing, or at such other time and place as the parties hereto shall agree upon. The date on which the Initial Closing or the Second Closing occurs is referred to in this Agreement as the "Initial Closing Date" or the "Second Closing Date," respectively, and such dates shall be collectively referred to in this Agreement as the "Closing Dates." 10. Documents to Be Delivered by TCW, Trust and the Selling Shareholders at the Closings. At each of the Closings, TCW, Trust or the Selling Shareholders, as the case may be, shall deliver, or cause to be delivered, to Purchaser or its wholly-owned designee the following documents, in each case duly executed or otherwise in proper form: (a) Either (i) stock certificates duly endorsed for transfer or with duly executed stock powers attached thereto, representing the Initial Shares, in the case of the Initial Closing, and representing the Secondary Shares, in the case of the Second Closing, or (ii) other customary evidence of transfer of the Initial Shares, in the case of the Initial Closing, and of the Secondary Shares, in the case of the Second Closing. (b) A certificate signed by a duly authorized general partner of TCW on behalf of TCW and the Selling Shareholders (other than TCW Trust), and a duly authorized officer of Trust on behalf of Trust and TCW Trust, that each of the representations and warranties made by TCW and the Selling Shareholders (other than TCW Trust), and Trust and TCW Trust, respectively, in this Agreement is true and correct in all material respects on and as of the Closing Date on which such Closing occurs with the same effect as though such representations and warranties had been made or given on and as of such Closing Date, except for any representation or warranty that expressly indicates that it is being made as of a specific date, and that TCW and the Selling Shareholders (other than TCW Trust), and Trust and TCW Trust, respectively, have performed and complied with all of their respective obligations under this Agreement which are to be performed or complied with on or prior to such Closing Date. 11. Documents to Be Delivered by Purchaser at the Closings. At each of the Closings, Purchaser shall deliver to TCW, on behalf of the Selling Shareholders (other than TCW Trust), and Trust, on behalf of TCW Trust, the following documents, in each case duly executed or otherwise in proper form: (a) A wire transfer in payment of the Purchase Price for the Initial Shares, in the case of the Initial Closing and, the Secondary Shares, in the case of the Second Closing, in each case, as required by Section 2(b) hereof. (b) A certificate signed by a duly authorized officer of Purchaser that the representations and warranties made by Purchaser in this Agreement are true and correct on and as of the Closing Date on which such Closing occurs with the same effect as though such representations and warranties had been made or given on and as of such Closing Date, and that Purchaser has performed and complied with all of Purchaser's obliga- tions under this Agreement which are to be performed or complied with on or prior to such Closing Date. 12. Gross-Up. (a) If the Second Closing has not occurred prior to the expiration of the Blackout Period (and without limiting the rights and remedies of the Selling Shareholders hereunder in the event of a breach by Purchaser), the Selling Shareholders shall have the right from time to time to sell any Shares then beneficially owned by the Selling Shareholders pursuant to a Third Party Sale (as hereinafter defined). At any time and from time to time, the Selling Shareholders shall have the right to sell any of the shares of Common Stock set forth on Schedule I under the heading "Gross-Up Shares" (as appropriately adjusted as necessary to reflect a stock split, stock dividend, merger, consolidation, reclassification, recapitalization or other similar transaction, the "Gross-Up Shares") then beneficially owned by the Selling Shareholders pursuant to a Third Party Sale. For purposes of this Agreement, "Third Party Sale" shall mean a sale in accordance with the terms of this Agreement of any Shares or Gross-Up Shares to an unaffiliated third party or parties, including, without limitation, to an underwriter in connection with a public offering. Purchaser shall have no rights with respect to any Shares from and after the date on which such Shares are sold pursuant to a Third Party Sale in accordance with the terms of this Agreement. (b) If any Third Party Sales are entered into prior to the date that is six months after the last day of the Blackout Period (the "Gross- Up Period"), Purchaser shall pay to the Selling Shareholders, within five (5) business days after receipt of written demand and in accordance with Section 2(b), the product of (i) the number of Shares and/or Gross-Up Shares, as the case may be, subject to such Third Party Sale and (ii) the excess, if any, of (x) the Purchase Price that would have been payable to the Selling Shareholders by Purchaser pursuant to Section 2(a) had a Closing occurred on the date of the consummation of such Third Party Sale over (y) the greater of (1) 90% of the average closing price of a share of Common Stock on the American Stock Exchange for the period of ten (10) consecutive trading days (A) during which Purchaser and Purchaser's Affiliates (as hereinafter defined) shall not have purchased or offered to purchase any shares of Common Stock and (B) which most immediately precedes the date on which such Third Party Sale occurs and (2) the purchase price per Share and/or Gross-Up Share paid in connection with such Third Party Sale. The Selling Shareholders shall deliver to Purchaser all agreements regarding such Third Party Sale (or other documents evidencing such Third Party Sale (e.g., a window ticket evidencing the transfer of Shares or Gross-Up Shares pursuant to such Third Party Sale)) and a calculation of the amount due hereunder, which amount shall be paid within the time period set forth above. Purchaser agrees that to the extent it has notice of any pending Third Party Sale, it shall not, and shall cause each of the Purchaser's Affiliates not to, purchase or offer to purchase any shares of Common Stock during the ten (10) consecutive trading day period ending on the trading day which immediately precedes such Third Party Sale. (c) Notwithstanding the foregoing, if during the Gross-Up Period and prior to the giving by the Selling Shareholders of notice of a Third Party Sale pursuant to Section 12(b), Purchaser provides to the Selling Shareholders a Replacement Offer (as hereinafter defined), then Purchaser shall be released from its obligations to make any payments pursuant to Section 12(b); provided, however, that Purchaser shall only be released if the closing of the Replacement Offer either occurs on the terms set forth in the Replacement Offer or fails to occur on such terms as a result of the rejection of such offer by the Selling Shareholders. For purposes hereof, "Replacement Offer" shall mean a legally binding written offer to purchase, which shall be irrevocable for at least five (5) business days after receipt by TCW, Trust and the Selling Shareholders of such Replacement Offer to TCW, Trust and the Selling Shareholders, all, but not less than all, of the Shares and Gross-Up Shares, to the extent then beneficially owned by the Selling Shareholders, from a potential purchaser that has the financial capacity to purchase such Shares and Gross-Up Shares and which offer (i) is not subject to any conditions other than the continued accuracy of TCW's, Trust's and the Selling Shareholders' representations and warranties herein and clearance under the HSR Act and (ii) provides for a purchase price for such Shares and Gross-Up Shares at least equal to the Purchase Price that would have been payable to the Selling Shareholders by Purchaser pursuant to Section 2(a) had a Closing occurred on the forty-fifth day after notice of such Replacement Offer is received by TCW, Trust and the Selling Shareholders. 13. Indemnification. (a) Subject to the terms and conditions of this Section 13, TCW hereby agrees to indemnify, defend and hold harmless Purchaser and its directors, officers, employees and controlled and controlling persons (hereinafter Purchaser's Affiliates") from and against all Claims (as hereinafter defined) asserted against, resulting to, imposed upon, or incurred by Purchaser or Purchaser's Affiliates, directly or indirectly, by reason of, arising out of or resulting from (a) the inaccuracy or breach of any representation or warranty of TCW contained in this Agreement, or (b) the breach of any covenant of TCW contained in this Agreement. As used in this Section 13, the term "Claim" shall mean: (i) all debts, liabilities and obligations; (ii) all losses, damages (including, without limitation, consequential damages), judgments, awards, settlements, costs and expenses (including, without limitation, interest (including prejudgment interest in any litigated matter) penalties, court costs and attorneys' fees and expenses); and (iii) all demands, claims, suits, actions, costs of investigation, causes of action, proceedings and assessments, whether or not ultimately determined to be valid. (b) Subject to the terms and conditions of this Section 13, each Selling Shareholder hereby agrees to indemnify, defend and hold harmless Purchaser and Purchaser's Affiliates from and against all Claims asserted against, resulting to, imposed upon or incurred by Purchaser or Purchaser's Affiliates, directly or indirectly, by reason of or resulting from (a) the inaccuracy or breach of any representation or warranty of such Selling Shareholder contained in this Agreement, or (b) the breach of any covenant of such Selling Shareholder contained in this Agreement. (c) Subject to the terms and conditions of this Section 13, Trust hereby agrees to indemnify, defend and hold harmless Purchaser and Purchaser's Affiliates from and against all Claims asserted against, resulting to, imposed upon or incurred by Purchaser or Purchaser's Affiliates, directly or indirectly, by reason of or resulting from (a) the inaccuracy or breach of any representation or warranty of Trust contained in this Agreement, or (b) the breach of any covenant of Trust contained in this Agreement. (d) Subject to the terms and conditions of this Section 13, Purchaser hereby agrees to indemnify, defend and hold harmless TCW, Trust and the Selling Shareholders from and against all Claims asserted against, resulting to, imposed upon or incurred by any of TCW, Trust and the Selling Shareholders, directly or indirectly, by reason of or resulting from (a) the inaccuracy or breach of any representation or warranty of Purchaser contained in this Agreement, or (b) the breach of any covenant of Purchaser contained in this Agreement. (e) The obligations and liabilities of any party to indemnify any other person under this Section 13 with respect to Claims relating to third parties shall be subject to the following terms and conditions: (i) The party or parties to be indemnified (whether one or more, the "Indemnified Party") will give the party from whom indemnification is sought (the "Indemnifying Party") prompt written notice of any such Claim, and the Indemnifying Party will undertake the defense thereof by representatives chosen by it. Failure to give such notice shall not affect the Indemnifying Party's duty or obligations under this Section 13, except to the extent the Indemnifying Party is prejudiced thereby. So long as the Indemnifying Party is defending any such Claim actively and in good faith, the Indemnified Party shall not settle such Claim. The Indemnified Party shall make available to the Indemnifying Party or its representatives all records and other materials required by them and in the possession or under the control of the Indemnified Party, for the use of the Indemnifying Party and its representatives in defending any such Claim, and shall in other respects give reasonable cooperation in such defense. (ii) If the Indemnifying Party, within a reasonable time after notice of any such Claim, fails to defend such Claim actively and in good faith, the Indemnified Party will (upon further notice) have the right to undertake the defense, compromise or settlement of such Claim or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, and the Indemnifying Party shall thereafter have no right to challenge the Indemnified Party's defense, compromise, settlement or consent to judgment therein. (iii) Anything in this subsection (e) to the contrary notwithstanding, (x) if there is a reasonable probability that a Claim may materially and adversely affect the Indemnified Party other than as a result of money damages or other money payments, the Indemnified Party shall have the right to defend, compromise or settle such Claim, and (y) the Indemnifying Party shall not, without the written consent of the Indemnified Party, settle or compromise any Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to the Indemnified party of a release from all liability in respect of such Claim. 14. Termination. This Agreement may be terminated by either TCW, Trust and the Selling Shareholders, on one hand, or the Purchaser, on the other hand, if the Second Closing shall not have been consummated prior to the expiration of the Blackout Period; provided, however, that the obligations of each of the parties hereto under Sections 12 (subject to the satisfaction of the conditions set forth in Sections 7(c)(i) and (ii)), 13 (solely with respect to events that shall have occurred prior to such termination) and 16 through 29 shall continue in full force and effect notwithstanding any such termination, and that no party shall be relieved from any liability of any kind or nature whatsoever resulting from or arising out of a breach thereby of this Agreement occurring prior to such termination. 15. Further Assurances. From time to time prior to, at and after any Closing, each party hereto shall execute all such instruments and take all such actions as any other party hereto shall reasonably request in connection with carrying out and effectuating the transactions contemplated by this Agreement. 16. Notices. Any notices required or allowed to be furnished pursuant to the terms hereof shall be provided to TCW, Trust, the Selling Shareholders and Purchaser at the addresses set forth with their signatures below. Notices hereunder shall be in writing and may be hand delivered, mailed, delivered by overnight courier service or, if facsimile numbers are provided below, transmitted by facsimile. If mailed, such notices shall be sent by certified mail, postage prepaid, return receipt requested. The date which is three (3) business days after the date of mailing shall be deemed to be the date on which the notice was given. The postmark affixed to such notice by the U.S. Post Office shall be conclusively presumed to be the date of mailing for purposes of this Section. In the case of notices given by hand delivery or overnight courier, such notices shall be deemed given on the date of the actual receipt. If transmitted by facsimile, such notices shall be deemed given on the date of the actual receipt of a complete, legible facsimile transmission, except that if a facsimile transmission is received after business hours or on a weekend or holiday, then the notice shall be deemed given on the next business day following the receipt of the facsimile transmission. 17. Attorneys' Fees. In the event any party hereto finds it necessary to bring any suit, action, or other proceeding at law or equity to interpret, enforce or implement any of the terms, covenants or conditions hereof or of any instrument executed pursuant to this Agreement, or by reason of any breach or default hereunder or thereunder, the party prevailing in any such action or proceeding, including any bankruptcy proceeding and/or any appeal, shall be paid all costs and reasonable attorneys' fees by the non-prevailing party, and in the event any judgment is secured by such prevailing party, all such costs and attorneys' fees shall be included in any such judgment, attorneys' fees to be set by the court and not by the jury. No termination of this Agreement upon any grounds or in any circumstances addressed herein or otherwise will impair or limit a prevailing party's right to recover from the other party its attorneys' fees and costs in accordance with the provisions of this Section. 18. Governing Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida without regard to the conflicts of law provisions thereof. 19. Assignment; Parties in Interest. (a) Except as expressly provided herein, the rights and obligations of a party hereunder may not be assigned, transferred or encumbered without the prior written consent of the other parties. Notwithstanding the foregoing, TCW, Trust and the Selling Shareholders hereby consent to Purchaser assigning its rights hereunder to a corpora- tion, partnership or limited liability company to be formed and in which Purchaser owns a majority interest. Purchaser agrees to notify TCW, Trust and the Selling Shareholders within five (5) days after said assignment or any other assignment of Purchaser's rights under this Agreement to which TCW, Trust and the Selling Shareholders may hereafter consent, and such notification shall be accompanied by a copy of the instrument of assignment. Notwithstanding the foregoing, TCW, Trust and the Selling Shareholders shall have no obligation to execute and deliver closing documents pursuant to this Agreement in favor of anyone other than the original Purchaser identified herein, unless TCW, Trust and the Selling Shareholders receive written notification at least (i) twenty-four (24) hours prior to the Initial Closing, in the case of the Initial Closing, and (ii) three (3) business days prior to the Second Closing, in the case of the Second Closing. An assignment by Purchaser of its rights under this Agreement shall not release Purchaser from its obligations and liabilities under this Agreement, including, without limitation, its obligation to close the purchase of Shares if its assignee fails to close this transaction or if Purchaser's notice of an assignment is not duly given to TCW, Trust and the Selling Shareholders within the time period provided for herein. (b) This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the respective successors and permitted assigns of the parties hereto. Nothing contained herein shall be deemed to confer upon any other person any right or remedy under or by reason of this Agreement. 20. Expenses. Except as hereinafter set forth, each of the parties hereto shall bear its own expenses and the expenses of its counsel and other agents in connection with the transactions contemplated hereby. Notwithstanding the foregoing, the Selling Shareholders shall pay any sales, use, excise, transfer or other similar tax imposed with respect to the transactions provided for in this Agreement (and any interest or penalties related thereto). 21. Saturdays, Sundays and Legal Holidays. If the time for performance of any of the terms, conditions and provisions hereof shall fall on a Saturday, Sunday or legal holiday, then the time of such performance shall be extended to the next business day thereafter. 22. Usage of Gender Specific Terms. As used herein, each of the masculine, feminine and neuter genders shall include the other genders, the singular shall include the plural, and the plural shall include the singular, wherever appropriate to the context. 23. Entire Agreement; Amendment. This Agreement embodies the entire agreement of the parties with respect to the transactions contemplated herein, including the purchase and sale of the Shares, and all prior understandings and agreements of the parties relating thereto are merged herein. This Agreement may not be modified in any manner whatsoever except by a written instrument signed by TCW and Purchaser. 24. Waiver. No delay in exercising any right or remedy of any of the parties hereunder shall constitute a waiver thereof, and no waiver by TCW, Trust, the Selling Shareholders or Purchaser of the breach of any covenant of this Agreement shall be construed as a waiver of any preceding or succeeding breach of the same or any other covenant or condition of this Agreement. 25. Headings. The headings in this Agreement are inserted for convenience only and shall not constitute a part hereof. 26. Severability. If any term, covenant or condition of this Agreement is held to be invalid or unenforceable in any respect, such invalidity or unenforceability shall not affect any other provision hereof and this Agreement shall be construed as if such invalid or unenforceable provision had never been contained herein. 27. Public Announcements. The parties shall mutually agree on the content and timing of any public disclosure in relation to the transactions contemplated hereby, subject to applicable requirements of law. 28. Limitations on Liability. The parties hereto acknowledge and agree that in no event shall any of the partners, officers, directors, shareholders, employees, agents or investment managers (collectively "Representatives") of TCW, Trust or any Selling Shareholder, on one hand, or of Purchaser on the other hand, have any obligation or liability to Purchaser or TCW, Trust and the Selling Shareholders, respectively, for any action taken or omitted by or on behalf of any Selling Shareholder or Purchaser, respectively, hereunder or in connection herewith (such obligation and liability being the sole responsibility of such Selling Shareholder or Purchaser, respectively, hereunder). The parties hereto further acknowledge and agree that all obligations and liabilities of each Selling Shareholder, on one hand, and Purchaser, on the other hand, under this Agreement or in connection herewith are enforceable solely against such Selling Shareholder and its assets and not against the assets of TCW, Trust, any other Selling Shareholder or any Representatives of TCW, Trust or any Selling Shareholder, or Purchaser and its assets and not against the assets of any Representative of Purchaser, respectively; provided, however, that if such obligations or liabilities of the Selling Shareholders are not specifically attributable to a particular Selling Shareholder, then the obligations and liabilities of each Selling Shareholder shall be several in the proportions of the aggregate Shares of each Selling Shareholder set forth on Schedule I hereto and not joint and several. The provisions of this Section 28 shall in no way limit or otherwise affect TCW's responsibility or Trust's responsibility to Purchaser for any breach by TCW on its own behalf, or Trust on its own behalf, respectively, hereunder. 29. Time. Time is of the essence of this Agreement. 30. Execution. This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Any party may execute this Agreement by transmitting a copy of its signature by facsimile to the other parties. In such event the signing party shall deliver an original of the signature page to each of the other parties within one business day of signing, and failure to so deliver such originals shall result in the facsimile copy of that party's signature being treated as an original. IN WITNESS WHEREOF, the undersigned parties have executed this Agreement as of the date and year first above written. SELLING SHAREHOLDERS: TCW SPECIAL CREDITS, a California general partnership, as general partner or investment manager of the entities set forth on Schedule I attached hereto (other than TCW Special Credits Trust) By: TCW Asset Management Company, its managing general partner By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory Address: c/o Oaktree Capital Management, LLC 550 South Hope Street, 22nd Floor Los Angeles, California 90071 Attn: Bruce A. Karsh, President Facsimile No.: (213) 694-1592 TRUST COMPANY OF THE WEST, a California corporation, as trustee of TCW Special Credits Trust, a California collective investment trust By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory Address: c/o Oaktree Capital Management, LLC 550 South Hope Street, 22nd Floor Los Angeles, California 90071 Attn: Bruce A. Karsh, President Facsimile No.: (213) 694-1592 TCW: TCW SPECIAL CREDITS, a California general partnership By: TCW Asset Management Company, its managing general partner By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory Address: c/o Oaktree Capital Management, LLC 550 South Hope Street, 22nd Floor Los Angeles, California 90071 Attn: Bruce A. Karsh, President Facsimile No.: (213) 694-1592 TRUST: TRUST COMPANY OF THE WEST, a California corporation By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory Address: c/o Oaktree Capital Management, LLC 550 South Hope Street, 22nd Floor Los Angeles, California 90071 Attn: Bruce A. Karsh, President Facsimile No.: (213) 694-1592 PURCHASER: RESOURCE GROUP INTERNATIONAL, INC., a Washington corporation By:/s/ David A. Herrick Print Name: David A. Herrick Its: Treasurer Address: 1420 Fifth Avenue Suite 4200 Seattle, Washington 98101 Facsimile No.: (206) 448-0404 SCHEDULE I Koger Equity, Inc. Common Stock Initial Secondary Gross-Up Entity Percentage Shares Shares Shares Total Weyerhaeuser Company Master Retirement Trust 18.5 222,000 231,171 36,122 489,293 TCW Special Credits Fund III 53.6 643,200 669,770 104,658 1,417,628 The Common Fund for Bond Investments 3.9 46,800 48,733 7,615 103,148 TCW Special Credits Trust 24.0 288,000 299,897 46,861 634,758 ----- --------- --------- ------- --------- 100.0% 1,200,000 1,249,571 195,256 2,644,827 Wiring Instructions - TCW Special Credits Sanwa Bank of California/Trust Operations Monterey Park, California 91754 ABA Routing #122003516 Account: TCW Special Credits Escrow Account A/C #400-3500 Ref: TCW/Koger/RGI EX-99 3 EXHIBIT 2 - AMENDMENT NO. 1 EXHIBIT 2 AMENDMENT NO. 1 TO COMMON STOCK PURCHASE AND SALE AGREEMENT Amendment No. 1 dated as of March 5, 1996 (the "Amendment") to the Common Stock Purchase and Sale Agreement, dated January 18, 1996, by and among TCW Special Credits, a California general partnership, for itself (in its individual capacity, "TCW") and as general partner or investment manager for the entities (other than TCW Trust (as defined below)) set forth on Schedule I attached thereto, Trust Company of the West, a California corporation, for itself and as trustee for TCW Special Credits Trust, a California collective investment trust ("TCW Trust"), and Resource Group International, Inc., a Washington corporation ("Purchaser"). Each of the parties to the Agreement has determined that it is necessary and desirable to amend the Agreement as provided herein, and, in consideration of the premises and the agreements set forth herein and in the Agreement, TCW and Purchaser have executed and delivered this Amendment in accordance with Section 23 of the Agreement. 1. The following is hereby added to the Agreement as Section 31 thereof: "The parties hereto (other than Purchaser) agree to execute and deliver to Purchaser an irrevocable proxy substantially in the form attached as Exhibit "A". 2. Exhibit A hereto is hereby added to the Agreement as Exhibit A thereto. 3. This Amendment to the Agreement is irrevocable and shall be deemed to be a contract made under the laws of the State of Florida and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State. 4. This Amendment to the Agreement may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute one and the same instrument. Terms not defined herein shall, unless the context otherwise requires, have the meanings assigned to such terms in the Agreement. 5. In all respects not inconsistent with the terms and provision of this Amendment, the Agreement is hereby ratified, adopted, approved and confirmed. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Agreement to be duly executed as of the date first above written. TCW SPECIAL CREDITS By: TCW Asset Management Company, its Managing General Partner By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory TRUST COMPANY OF THE WEST, a California corporation, as trustee of TCW Special Credits Trust, a California collective investment trust By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory RESOURCE GROUP INTERNATIONAL, INC. By: /s/ David A. Herrick Name: David A. Herrick Title: Treasurer EXHIBIT A IRREVOCABLE PROXY By its execution hereof, each of the undersigned hereby irrevocably constitutes and appoints RGI Realty, Inc., a Florida corporation ("RGI"), as its true and lawful proxy and attorney-in-fact, with respect to the portion of the 1,249,571 shares (the "Shares") of common stock, par value $.01 per share ("Common Stock"), of Koger Equity, Inc., a Florida corporation (the "Company"), beneficially owned by it as of the date hereof and identified on Schedule I hereto, to: (i) vote at any annual or special meeting of the stockholders of the Company, to take any action, including without limitation, amending the Company's by-laws, removing one or more directors with or without cause, and electing directors or filling vacancies or newly-created directorships; (ii) to exercise written consent in lieu of voting with respect to the matters set forth in the preceding clause (i); and (iii) to execute, acknowledge, swear to and file in the name, place and stead of the undersigned any proxy, consent, approval, or other documents to be executed by the stockholders in connection with the items set forth in the preceding clauses (i) and (ii). The proxy granted hereby is irrevocable and is given in connection with the purchase by RGI of shares of Common Stock pursuant to the Common Stock Purchase and Sale Agreement dated January 18, 1996 (the "Purchase Agreement"), by and among TCW Special Credits, a California general partnership, for itself and as general partner or investment manager for the entities (other than TCW Trust (as defined below)) set forth on Schedule I attached thereto, Trust Company of the West, a California corporation, for itself and as trustee for TCW Special Credits Trust, a California collective investment trust ("TCW Trust"), and Resource Group International, Inc., a Washington corporation; provided, however, that this Irrevocable Proxy shall automatically terminate and be of no further force or effect with respect to any Shares at such time (after giving effect to the execution and delivery of this Irrevocable Proxy) as such Shares cease to be beneficially owned by RGI or any of its affiliates. IN WITNESS WHEREOF, each of the undersigned has executed this Irrevocable Proxy as of the 5th day of March, 1996. TCW SPECIAL CREDITS, a California general partnership, as general partner or investment manager of the entities set forth on Schedule I attached to the Purchase Agreement (other than TCW Special Credits Trust) By: TCW Asset Management Company, its managing general partner By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory TRUST COMPANY OF THE WEST, a California corporation, as trustee of TCW Special Credits Trust, a California collective investment trust By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory TCW SPECIAL CREDITS, a California general partnership By: TCW Asset Management Company, its managing general partner By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory TRUST COMPANY OF THE WEST, a California corporation By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory TCW ASSET MANAGEMENT COMPANY By: /s/ Bruce A. Karsh Bruce A. Karsh Authorized Signatory By: /s/ Kenneth Liang Kenneth Liang Authorized Signatory SCHEDULE I Koger Equity, Inc. Common Stock Holder Shares Weyerhaeuser Company Master Retirement Trust 231,171 TCW Special Credits Fund III 669,770 The Common Fund for Bond Investments 48,733 TCW Special Credits Trust 299,897 -----END PRIVACY-ENHANCED MESSAGE-----