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OMB APPROVAL
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- ---------- OMB Number: 3235-0104
FORM 3 Expires: September 30, 1998
- ---------- Estimated average burden
hours per response .... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a)
of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Luhnow, Christian J. Statement Trading Symbol of Original
- ------------------------------------------ (Month/Day/Year) Fields Aircraft Spares, Inc. (FASI) (Month/Day/Year)
(Last) (First) (Middle) 01/16/98 ----------------------------------
4175 Guardian Street ---------------------------- 5. Relationship of Reporting -----------------------
- ------------------------------------------ 3. IRS Identification Person to Issuer 7. Individual or Joint/
(Street) Number of Reporting (Check all applicable) Group Filing (Check
Simi Valley CA 93063 Person, if an Entity Director 10% Owner applicable line)
- ------------------------------------------ (Voluntary) ---- ---- X Form filed by
(City) (State) (Zip) ---------------------------- X Officer Other --- One Reporting
----(give title ----(specify Person
below) below) Form filed by
President of Flightways --- More than One
Manufacturing, Inc. Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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NONE
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (7/96)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Options to acquire Common Shares (1) 1/16/03 Common Shares 10,000 $8.35 D
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Options to acquire Common Shares (2) (2) Common Shares 30,000 $8.35 D
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Explanation of Responses:
(1) One-half of the options are exercisable on or after January 15, 1999 and January 14, 2000, respectively.
(2) The options vest based on Company performance; but in any event, the options must vest by January 16, 2000, if at all. Subject
to the satisfaction of performance conditions, one-half of the options are exercisable on or after January 15, 1999 and January
14, 2000, respectively. The options expire three years after vesting.
/s/ Christian J. Luhnow 07/15/98
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- -------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
SEC 1473 (7/96)
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