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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
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The JPM Company
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(Name of Issuer)
The JPM Company, Common Stock par Value $.000067 per share.
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(Title of Class of Securities)
#465933-10-9
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(CUSIP Number)
William Baker, The JPM Company, Route 15 North, Lewisburg, PA 17837,
(717) 524-8104
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(Name, Address, and Telephone Number of Person Authorized to Receive Notices
and Communications)
January 30, 1997
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(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).
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SCHEDULE 13D
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CUSIP No. 465933-10-9 Page 2 of 6 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
James P. Mathias
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2 Check the Appropriate Box if a Member of a Group*
(a) [_]
(b) [x]
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3 SEC Use Only
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4 Source of Funds*
00
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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 of America
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7 Sole Voting Power
813,800
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Number of Shares 8 Shared Voting Power
Beneficially Owned
by Each Reporting 160,000
Person With
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9 Sole Dispositive Power
813,800
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10 Shared Dispositive Power
160,000
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,132,641
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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)
18.7%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Schedule 13D Page 3 of 6 pages
James P. Mathias
Item 1. Security and Issuer
-------------------
(a) The JPM Company common stock par value $.000067 per share.
(b) The JPM Company
Route 15 North
Lewisburg, PA 17837
Item 2. Identity and Background
-----------------------
(a) James P. Mathias
(b) 1906 Madison Avenue
Lewisburg, PA 17837
(c) President
The JPM Company
(d) Mr. Mathias has not been convicted during the last five years
in any criminal proceedings.
(e) Mr. Mathias has not during the last five years been a party to
any civil proceedings or administrative actions under federal
or state securities laws.
(f) United States of America.
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
Not Applicable
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Schedule 13D Page 4 of 6 pages
James P. Mathias
Item 4. Purpose of Transaction
----------------------
(a) Mr. Mathias currently has no plans to purchase additional
securities of the issuer. Mr. Mathias filed a Form 144 on
January 30, 1997 indicating he planned to sell 15,000 shares
of common stock inaccordance with Rule 144. Through January
31, 1997, Mr. Mathias sold 5,000 shares. Mr. Mathias still
plans to sell the remaining 10,000 shares. He may also dispose
of additional securities of the issuer in compliance with Rule
144 from time to time depending on market conditions.
(b) At this time, Mr. Mathias has no plans or proposals relating
to further extraordinary corporate transactions.
(c) There are no current plans for the sale or transfer of a
material amount of the assets of the issuer or any of its
subsidiaries.
(d) There are no current plans to change the present board of
directors or management of the Company, including any plans or
proposals to change the number of term of directors or to fill
any existing vacancies on the board.
(e) There are no current plans for any material change in the
present capitalization or dividend policy of the issuer.
(f) Currently there are no other plans for material change in the
issuer's business or corporate structure.
(g) Currently there are no changes in the issuer's charter,
bylaws, or other instruments which may impede the acquisition
or control of the issuer by any person.
(h) Currently there is no class of securities of the issuer to be
delisted from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of
registered national securities association.
(i) Currently there is no class of equity securities of the issuer
becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities and Exchange Act of 1934.
(j) Currently there are no plans for any other actions similar to
those enumerated above.
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Schedule 13D Page 5 of 6 pages
James P. Mathias
Item 5. Interest in Securities of the Issuer
------------------------------------
(a) James P. Mathias currently beneficially owns 1,132,641 shares of
common stock, which represents 18.7% of the outstanding Company
common stock, par value $.000067 per share. Of the 1,132,641
shares, 50,750 shares are held by Susan K. Mathias, the wife of
James Mathias, 40,750 of which may be issued upon the exercise of
stock options granted by the Company which are currently
exercisable; 15,200 shares are held by each of Mr. Mathias'
children, Blair Mathias and Jay Mathias; 77,691 shares are owned
by the James P. Mathias Trust, of which James P. Mathias is the
residuary beneficiary but as to which he has no voting or
dispositive power; and 160,000 shares are owned by Mr. Mathias in
tenancy by the entirety with his wife Susan K. Mathias.
(b) Mr. Mathias has the sole power to dispose of 813,800 shares.
Mr. Mathias has no voting or dispositive power of the 50,750
shares owned by Susan K. Mathias or the 77,691 shares owned by the
James P. Mathias Trust, as to which Mr. Bruce M. Eckert shares
voting and dispositive power as a trustee. Mr. Mathias has shared
dispositive power over 160,000 shares he owns in tenancy by the
entirety with his wife Susan B. Mathias.
(c) James P. Mathias sold 10,000 shares on December 5, 1996, at $11.76
and 5,000 shares on January 30, 1997, at $21.375 per share in
transactions in compliance with Rule 144. James P. Mathias gifted
183,800 shares on December 18, 1996, of which 160,000 were gifted
to he and his wife, Susan K. Mathias, in tenancy by the entirety.
(d) Currently, Mr. Mathias is unaware of any other person known to
have the right to receive or the power to direct the receipt of
the proceeds from the sale of The JPM Company Securities.
(e) Not applicable.
Item 6. Contract, Arrangements, Understandings, or Relationships with
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Respect to Securities of the Issuer
-----------------------------------
Currently, Mr. Mathias has no contracts, arrangements,
understandings or relationships (legal or otherwise) with any
person with respect to any securities of the Company,
including but not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loans or option
arrangements, put or calls, guarantees of profits, division of
profits or loss or the giving or withholding of proxies,
naming the persons with whom such contracts, arrangements,
understandings or relationships have been entered into.
Item. 7. Material to Be Filed as Exhibits
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Not Applicable
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Schedule 13D Page 6 of 6 pages
James P. Mathias
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 9, 1997
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Date Signature
James P. Mathias, President
