-----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, Sk9YMmBZJxaVJlRhEMKC9OzprtMHkn2g/lihCPiYHSeQCkLDlLRWk4onwXEeZ6lt MIHTV/xQ+KRdJsExPjSxKA== 0001182489-04-000577.txt : 20040727 0001182489-04-000577.hdr.sgml : 20040727 20040726212132 ACCESSION NUMBER: 0001182489-04-000577 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040715 FILED AS OF DATE: 20040726 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SCAN OPTICS INC CENTRAL INDEX KEY: 0000087086 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 060851857 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 169 PROGRESS DR CITY: MANCHESTER STATE: CT ZIP: 06040 BUSINESS PHONE: 8606457878 MAIL ADDRESS: STREET 1: 169 PROGRESS DR CITY: MANCHESTER STATE: CT ZIP: 06040 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TILTON LYNN CENTRAL INDEX KEY: 0001266566 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-05265 FILM NUMBER: 04932021 BUSINESS ADDRESS: STREET 1: C/O PATRIARCH PARTNERS LLC STREET 2: 112 SOUTH TRYON STREET STE 700 CITY: CHARLOTTE STATE: NC ZIP: 28284 BUSINESS PHONE: 7042271204 MAIL ADDRESS: STREET 1: C/O PATRIARCH PARTNERS LLC STREET 2: 112 SOUTH TRYON STREET STE 700 CITY: CHARLOTTE STATE: NC ZIP: 28284 3 1 edgar.xml FORM 3 - X0202 3 2004-07-15 0 0000087086 SCAN OPTICS INC SOCR 0001266566 TILTON LYNN C/O PATRIARCH PARTNERS, LLC, 40 WALL STREET, FLOOR 25 NEW YORK NY 10005 1 0 0 0 Series B Redeemable Preferred Stock, par value $0.02 380000 I See footnote Warrant (right to buy) .02 2005-01-01 2011-12-31 Common Stock, par value $0.02 I See footnote The securities reported in this Form 3 are owned directly by ARK CLO 2000-1, Limited ("ARK"). Patriarch Partners, LLC ("Patriarch") is the collateral manager of ARK. LD Investments, LLC ("LDI") is the sole member of Patriarch. Lynn Tilton ("Tilton") is the manager of Patriarch and the manager and the sole holder of the economic interests in and has sole voting power in respect of LDI. Given Tilton's relationship to ARK, Tilton may be deemed to beneficially own the securities owned by ARK. Other than to the extent of her pecuniary interest, Tilton disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended, or otherwise. If a "Trigger Event" (as defined in the Warrant Agreement dated as of December 31, 2001 (the "Warrant Agreement") between ARK and the Issuer) occurs prior to January 1, 2005, the warrants may be exercised after such earlier date. For a copy of the Warrant Agreement, see Exhibit 10.18 of the Form 10-K405 filed by the Issuer with the SEC for the period ended December 31, 2001. The exercise of the warrant entitles the holder thereof to 33.20% of the Issuer's common stock on a fully-diluted basis as of December 31, 2001. Subject to adjustment pursuant to the terms of the Warrant Agreement. /s/ Lynn Tilton 2004-07-26 -----END PRIVACY-ENHANCED MESSAGE-----