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Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. )*
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INTERNET AMERICA, INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
46058Y109
(CUSIP Number)
Carl H. Westcott
100 Crescent Court
Suite 1620
Dallas, Texas 75201
(214) 777-5015
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 2, 2001
(Date of Event Which Requires
Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
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*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required 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).
(Continued on following pages)
(Page 1 of 6 Pages)
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CUSIP NO. 46058Y109 13D PAGE 2 OF 6 PAGES
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1 Name of reporting person Carl H. Westcott
IRS Identification No. of above person (entities only)
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2 Check the appropriate box if a member of a group* (a)
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(b) X
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3 SEC use only
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4 Source of funds* PF
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5 Check box if disclosure of legal proceedings is required pursuant
to Items 2(d) or 2(e) [ ]
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6 Citizenship or place of organization United States
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Number of
Shares 7 Sole voting power 549,368
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Beneficially
Owned 8 Shared voting power 0
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By each
Reporting 9 Sole dispositive power 549,368
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Person
with 10 Shared dispositive power 0
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11 Aggregate amount beneficially owned by each reporting person 549,368
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12 Check box if the aggregate amount in row (11) excludes
certain shares* [ ]
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13 Percent of class represented by amount in row (11) 5.5%
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14 Type of reporting person* IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 6 Pages
ITEM 1. SECURITY AND ISSUER.
The title and class of equity securities to which this Schedule 13D
relates is common stock, par value $0.01 per share (the "Common Stock"), of
Internet America, Inc., a Texas corporation (the "Issuer"). The address of the
principal executive offices of the Issuer is One Dallas Centre, 350 North St.
Paul, Suite 3000, Dallas, Texas 75201.
ITEM 2. IDENTITY AND BACKGROUND.
The name of the reporting person is Carl H. Westcott (the "Reporting
Person"). The principal business address for the Reporting Person is 100
Crescent Court, Suite 1620, Dallas, Texas 75201. The Reporting Person is a
private investor.
The Reporting Person has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) in the past five years.
In the past five years, the Reporting Person was not a party to a civil
proceeding of a judicial or administrative body of a competent jurisdiction
which resulted in the Reporting Person being subject to a judgment, decree or
final order enjoining future violation of, or prohibiting or mandating
activities subject to, Federal or State securities laws or finding any violation
with respect to such laws.
The Reporting Person is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Through a series of open market purchases in December 2000 and January
2001, the Reporting Person acquired an aggregate of 549,368 shares of Common
Stock for a total purchase price of $248,131.11. The purchase price was paid out
of the Reporting Person's personal funds.
ITEM 4. PURPOSE OF TRANSACTION.
The acquisition by the Reporting Person has been made for investment
purposes. However, the Reporting Person will continually evaluate the business,
financial condition, and prospects of the Issuer, market price of the Common
Stock, return on investment, alternative investments, and conditions in the
economy and in the industry in which the Issuer is engaged with a view toward
determining whether to hold, decrease or increase his investments in shares of
Common Stock. From time to time on or after the date of this statement, based
upon such evaluation, the Reporting Person may sell all or a portion of his
shares of Common Stock, or may purchase additional shares of Common Stock, at
varying prices in the open market, in privately negotiated transactions and/or
in other transactions.
The Reporting Person does not have any current definitive plan,
arrangement, or understanding to gain control of the Issuer or to seek to cause
the Issuer to be merged,
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Page 4 of 6 Pages
reorganized, or liquidated, to sell or transfer any assets of the Issuer, to
cause the Issuer to change its current board of directors or management,
capitalization, dividend policy, business, corporate structure, charter or
bylaws or to cause the Common Stock to cease to be quoted on the NASDAQ or to
become eligible for termination of registration pursuant to Section 12(g)(4) of
the Act.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Based upon information set forth in the Issuer's Quarterly Report on
Form 10-QSB filed with the Securities and Exchange Commission on November 14,
2000, as of November 9, 2000, there were 9,927,072 shares of Common Stock issued
and outstanding. As of January 3, 2001, the Reporting Person beneficially owned
549,368 shares of Common Stock, or approximately 5.5% of the total Common Stock
deemed to be outstanding. The Reporting Person has the sole power to vote and to
dispose of the 549,368 shares.
During the past 60 days, the Reporting Person purchased an aggregate of
549,368 shares of Common Stock on the dates and at the prices set forth below.
All of such purchases were effected in ordinary open market transactions.
<TABLE>
<CAPTION>
DATE OF PURCHASE QUANTITY AVERAGE PRICE
<S> <C> <C>
12/06/00 20,000 0.7200
12/07/00 21,000 0.7200
12/08/00 3,200 0.6250
12/11/00 5,000 0.7500
12/14/00 5,000 0.8750
12/15/00 5,000 0.7500
12/18/00 10,000 0.6900
12/19/00 10,000 0.6250
12/20/00 16,000 0.6000
12/21/00 10,000 0.5625
12/22/00 10,000 0.4375
12/26/00 25,000 0.5000
12/27/00 106,200 0.4700
12/28/00 79,690 0.4400
12/29/00 142,825 0.5600
01/02/01 70,453 0.7200
01/03/01 10,000 0.7500
------- -----------
549,368 $248,131.11
</TABLE>
No other person is known to the Reporting Person to have the right to
receive or power to direct dividends from, or proceeds from the sale of, shares
of Common Stock beneficially owned by the Reporting Person.
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Page 5 of 6 Pages
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings, agreements or
relationships (legal or otherwise) between the Reporting Person and any person
with respect to any securities of the Issuer.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
None.
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Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: January 11, 2001
/s/ CARL H. WESTCOTT
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CARL H. WESTCOTT
