-----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, Id1doJjMgJOtfanW4peGjlpNkbdk916EPoinmejRDRuT2gU8XH3N5UHObtijjyVe vkMe/2R6u4uc+RqbbQHNMQ== 0000950135-98-002413.txt : 19980416 0000950135-98-002413.hdr.sgml : 19980416 ACCESSION NUMBER: 0000950135-98-002413 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980415 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INSURANCE AUTO AUCTIONS INC /CA CENTRAL INDEX KEY: 0000880026 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MOTOR VEHICLES & MOTOR VEHICLE PARTS & SUPPLIES [5010] IRS NUMBER: 953790111 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-42080 FILM NUMBER: 98594072 BUSINESS ADDRESS: STREET 1: 850 E ALGONQUIN RD STREET 2: STE 100 CITY: SCHAUMGURG STATE: IL ZIP: 60173 BUSINESS PHONE: 847839-3939 MAIL ADDRESS: STREET 1: 1270 WEST NORTHWEST HIGHWAY CITY: PALATINE STATE: IL ZIP: 60067 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LANE ALTMAN & OWENS CENTRAL INDEX KEY: 0001000095 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 101 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 SC 13G 1 SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Insurance Auto Auctions, Inc. ------------------------------------------------------- (Name of Issuer Common Stock, $0.0001 Par Value ------------------------------------------------------- (Title of Class of Securities) 457875-10-2 ------------------------------------------------------- (CUSIP Number) April 1, 1998 ------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-(c) [ ] Rule 13d-1(d) *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). 2 SCHEDULE 13G CUSIP NO. 457875-10-2 PAGE 2 OF 8 PAGES ----------- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Peak Investment Limited Partnership - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- (5) SOLE VOTING POWER 780,200 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER -0- OWNED BY EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER 780,200 PERSON WITH -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 780,200 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.90% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- 3 SCHEDULE 13G CUSIP NO. 457875-10-2 PAGE 3 OF 8 PAGES ----------- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Peak Management, Inc. - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - ------------------------------------------------------------------------------- (5) SOLE VOTING POWER -0- NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 780,200 OWNED BY EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER -0- PERSON WITH -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 780,200 - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 780,200 *As General Partner of Peak Investment Limited Partnership - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1,016,500 - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- 4 SCHEDULE 13G CUSIP NO. 457875-10-2 PAGE 4 OF 8 PAGES ----------- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Peter H. Kamin - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- (5) SOLE VOTING POWER 114,100 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 902,400 OWNED BY EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER 114,100 PERSON WITH -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 902,400 - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,016,500 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.99% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- 5 PAGE 5 OF 8 PAGES --- --- THIS SCHEDULE 13G AMENDS AND REPLACES THAT CERTAIN SCHEDULE 13D FILED ON BEHALF OF THE FILING PERSONS NAMED HEREIN ON JULY 3, 1997 ITEM 1. (a) Name of Issuer: INSURANCE AUTO AUCTIONS, INC. (b) Address of Issuer's Principal Executive Offices: 850 EAST ALGONQUIN ROAD, SUITE 100, SCHAUMBURG, IL 60173 ITEM 2. (a) Name of Persons Filing: (b) Address of Principal Business Office or, if none, Residence: (c) Citizenship: Peter H. Kamin One Financial Center, Suite 1600 Boston, MA 02111 (United States Citizen) Peak Investment Limited Partnership One Financial Center, Suite 1600 Boston, MA 02111 (Delaware limited partnership) Peak Management, Inc. One Financial Center, Suite 1600 Boston, MA 02111 (Massachusetts corporation) (d) Title of Class of Securities: COMMON STOCK, $0.01 PAR VALUE (e) CUSIP Number: 457875-10-2 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act of 1940 (e) [ ] Investment Adviser registered under section 203 of the Investment Advisers Act or under the laws of any State (f) [ ] Employee Benefit Plan, Pension fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see sec.240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company or Control Person, in accordance with sec.240.13d-1(b)(ii)(G) (Note: See Item 7) (h) [ ] A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act (i) [ ] A Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] Group, in accordance with sec.240.13d-1(b)(1)(ii)(J) If this statement is filed pursuant to sec.240.13d-1(c), check this box [X]. 6 PAGE 6 OF 8 PAGES --- --- ITEM 4. OWNERSHIP Provide the following information as of that date and identify those shares which there is a right to acquire. PETER H. KAMIN* (a) Amount Beneficially Owned: 1,016,500 (b) Percent of Class: 8.99% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 114,100 (ii) shared power to vote or to direct the vote: 902,400 (iii) sole power to dispose or to direct the disposition of: 114,100 (iv) shared power to dispose or to direct the disposition of: 902,400 PEAK INVESTMENT LIMITED PARTNERSHIP (a) Amount Beneficially Owned: 780,200 (b) Percent of Class: 6.90% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 780,200 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 780,200 (iv) shared power to dispose or to direct the disposition of: 0 PEAK MANAGEMENT, INC. (a) Amount Beneficially Owned: 780,200 (b) Percent of Class: 6.90% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 780,200 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 780,200 (iv) shared power to dispose or to direct the disposition of: 0 *SHARES REPORTED FOR PETER H. KAMIN INCLUDE SHARES OVER WHICH HE EXERCISES SOLE VOTING AND DISPOSITIVE POWER FOR THE BENEFIT OF HIS CHILDREN AND FOR CERTAIN MANAGED ACCOUNTS PURSUANT TO THE TERMS OF INVESTMENT ADVISORY AGREEMENTS BETWEEN HIMSELF AND EACH OF SUCH MANAGED ACCOUNTS. Instruction: For computations regarding securities which represent a right to acquire an underlying security see Rule 13d-3(d)(1). ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Instruction: Dissolution of a group requires a response to this item. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Shares reported for Peter H. Kamin include shares over which he exercises sole voting and dispositive power for the benefit of his children and for certain Managed Accounts pursuant to the terms of investment advisory agreements between himself and each of such Managed Accounts. 7 PAGE 7 OF 8 PAGES --- --- ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not Applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not Applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not Applicable. ITEM 10. CERTIFICATION By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 8 PAGE 8 OF 8 PAGES --- --- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct. April 13, 1998 ----------------------------------- Date PEAK INVESTMENT LIMITED PARTNERSHIP By: Peak Management, Inc. Its Sole General Partner By: /s/Peter H. Kamin ------------------------------- Peter H. Kamin, President PEAK MANAGEMENT, INC. By: /s/Peter H. Kamin ------------------------------- Peter H. Kamin, President /s/Peter H. Kamin ----------------------------------- Peter H. Kamin, Individually -----END PRIVACY-ENHANCED MESSAGE-----