UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
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Aviation Sales Company
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
053672101
(CUSIP Number)
Lacy J. Harber
LJH, Corporation
377 Neva Lane
Denison, Texas 75020
(903) 465-6937
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 22, 2000
(Date of Event which Requires Filing of This Statement)
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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 |_|.
The remainder of this cover page shall be filed 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 woudl alter disclosure 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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CUSIP NO. 053672101 Schedule 13D Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON and S.S. OR I.R.S. IDENTIFICATION NO.
Lacy J. Harber ###-##-####
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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*
WC
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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 7 SOLE VOTING POWER
SHARES -0- shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,943,400 shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,943,400 shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0- shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,943,400 shares
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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)
26.26%
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14 TYPE OF REPORTING PERSON*
IN
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CUSIP NO. 053672101 Schedule 13D Page 3 of 5 Pages
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Item 1. Security and Issuer
Title of Class of Equity Securities: Common Stock,
$0.001 par value per share
Issuer:
Aviation Sales Company
6905 NW 25th Street
Miami, Florida 33122
Item 2. Identity and Background
Lacy J. Harber is Chairman, President and sole shareholder of LJH,
Corporation ("LJH"), which is the record holder of the Securities
reported herein. The principal business of LJH is investments and
its business address is 377 Neva Lane, Denison, Texas, 75020. The
principal occupation of Lacy J. Harber is self-employed investor
and serving as Chairman of LJH. Lacy J. Harber is a citizen of the
United States of America.
During the last five years, neither LJH or Lacy J. Harber have been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a
result of such proceeding was or is subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Working capital in the amount of $1,242,114 was used to purchase an
additional 461,800 shares in open market transactions at various
prices and in varying amounts bringing the total investment for
3,943,400 shares to $33,845,252.
Item 4. Purpose of Transaction
Lacy J. Harber acquired through LJH the shares of Common Stock of the
Issuer reported herein for investment purposes and subject to the
conditions set forth below, reserves the right to make additional
purchases or sales of the Common Stock in the future. As the primary
goal of the Reporting Person is to maximize the value of this
investment, additional transactiosn will depend on various factors,
including, without limitation, the price of the Common Stock, stock
market conditions and business prospects of the Issuer.
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CUSIP NO. 053672101 Schedule 13D Page 4 of 5 Pages
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Except as described below, Lacy J. Harber has no current plans or
proposals which relate to or would result in:
(a) The acquistion by any person of additional securities of
the Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any
of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer
or any of its subsidiaries;
(d) Any change in the present board of directors or managment of
the Issuer, including any plans or proposals to change the number
of term of directors or to fill any existing vacancies on the
board of directors of the Issuer.
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure including but not limited to, if the Issuer is a
registered closed-end investment company, any plans or proposals
to make any changes in its investment policy for which a vote is
required by Section 13 of the Investment Company Act of 1940, as
amended;
(g) Changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the
acquistion of control of the Issuers by any person;
(h) Causing a class of securities of the Issuer to be de-listed from
a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
(i) A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934, as amended (the "Act"), or;
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
Lacy J. Harber beneficially owns 3,943,400 shares of Common Stock, which
constitutes 26.26% of the Company's outstanding shares of Common Stock,
based upon 15,015,317 outstanding as of November 17, 2000. Lacy J. Harber
shares the power to vote and the sole power to dispose of the 3,943,400
shares of Common Stock he beneficially owns.
Since the most recent filing, the following transactions in the Common
Stock were executed in the open market:
3,300 shares 12/12/00 $3.196 average price
1,000 12/14/00 $2.928
5,000 12/14/00 $2.987
4,000 12/14/00 $3.051
10,000 12/14/00 $3.051
10,000 12/15/00 $3.059
13,300 12/18/00 $2.892
37,100 12/19/00 $2.953
30,000 12/19/00 $2.918
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CUSIP NO. 053672101 Schedule 13D Page 5 of 5 Pages
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25,000 shares 12/20/00 $2.793 average price
19,000 12/21/00 $2.920
4,500 12/21/00 $2.792
25,000 12/22/00 $2.793
25,000 12/26/00 $2.730
50,300 12/27/00 $2.477
13,000 12/28/00 $2.531
50,800 12/28/00 $2.787
135,500 12/29/00 $2.435
No other person is known by the Reporting Person to have the right
to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, any other Shares beneficially owned.
Item 6. Contract, Arrangements, Understandings or Relationships
with respect to Securities of the Issuer.
Except for the relationship previously disclosed, Lacy J. Harber does
not have any contracts, arrangements, understandings or relationships
(legal or otherwise) with any person with respect to any securities of
the Issuer, finder's fees, joint ventures, loan or option agreements,
puts or calls, guarantees of profits, or the division of profits or
losses.
Item 7. Materials to be Filed as Exhibits
None.
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.
January 3, 2001 Lacy J. Harber
By: /s/Roy T. Rimmer, Jr., Attorney in Fact
