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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ROYAL PRECISION, INC.
-----------------------------
(Name of Issuer)
Common Stock, par value $.001 per share
---------------------------------------
(Title of Class of Securities)
780921-10-2
--------------
(CUSIP Number)
July 3, 2000
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(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 the
disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 2 of 11 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Richard P. Johnston
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 802,609
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 25,052
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
777,557
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
802,609
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.1%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 3 of 11 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Jayne Johnston
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 802,609
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
802,609
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
802,609
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.1%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 4 of 11 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Johnston Family Living Trust u/a dtd 4/11/94
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Wyoming, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 35,848
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 35,848
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,848
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 5 of 11 Pages
--------------------- ------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Johnston Family Charitable Remainder Trust #3
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Indiana, United States of America
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 741,709
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 741,709
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
-0-
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
741,709
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
-----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 6 of 11 Pages
--------------------- ------------------
ITEM 1(a). NAME OF ISSUER:
Royal Precision, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
15170 North Hayden Road, Suite 1
Scottsdale, Arizona 85260
ITEM 2(a). NAME OF PERSON FILING:
Richard P. Johnston, Jayne Johnston, Johnston Family Living Trust u/a dtd.
4/11/94 and Johnston Family Charitable Remainder Trust #3. (These parties
previously were party to a Stockholder Agreement among the issuer and certain
other stockholders and reported their ownership as a member of that "group" on
Schedule 13G. The Stockholder Agreement was terminated in July 2000. This filing
with respect to their ownership is made in their individual capacity.)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Richard P. Johnston
4350 Greens Place
Wilson, Wyoming 83014
Jayne Johnston
4350 Greens Place
Wilson, Wyoming 83014
Johnston Family Living Trust u/a dtd. 4/11/94
4350 Greens Place
Wilson, Wyoming 83014
Johnston Family Charitable Remainder Trust #3
4350 Greens Place
Wilson, Wyoming 83014
ITEM 2(c). CITIZENSHIP:
Richard P. Johnston and Jayne Johnston are citizens of the United
States of America.
Johnston Family Charitable Remainder Trust #3 is domiciled in the
State of Indiana.
Johnston Family Living Trust is domiciled in the State of Wyoming.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 7 of 11 Pages
--------------------- ------------------
ITEM 2(e). CUSIP NUMBER:
780921-10-2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A: (Not Applicable)
(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,
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(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 13d-1(b)(1)(ii)(F),
(g) [ ] A Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G); SEE Item 7
(h) [ ] A group, in accordance with ss.13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
Richard P. Johnston: 25,052 common shares subject to options
exercisable within 60 days. Mr. Johnston is a trustee of the
Johnston Trust #3 and the Johnston Living Trust. Mr. Johnston is
reporting 741,709 common shares which are owned directly by the
Johnston Trust #3 and 35,848 shares owned directly by the Johnston
Living Trust. Mr. Johnston expressly declares that his filing of
this Schedule 13G shall not be construed as an admission that he is,
for the purposes of Section 13(d) or 13(g) of the Act, the
beneficial owner of any securities covered by the Schedule 13G
except for 25,052 common shares subject to options exercisable
within 60 days which are owned directly by Mr. Johnston.
Jayne Johnston: Mrs. Johnston is the spouse of Richard P. Johnston
and a trustee of the Johnston Trust #3 and Johnston Living Trust.
Mrs. Johnston is reporting 25,052 common shares which are subject to
options exercisable within 60 days which are owned directly by Mr.
Johnston, 741,709 shares owned directly by the Johnston Trust #3 and
35,848 shares owned directly by the Johnston Living Trust. Mrs.
Johnston expressly declares that her filing of this Schedule 13G
shall not be construed as an admission that she is, for the purposes
of Section 13(d) or 13(g) of the Act, the beneficial owner of any
securities covered by this Schedule 13G.
Johnston Family Charitable Remainder Trust #3: 741,709 common shares
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 8 of 11 Pages
--------------------- ------------------
Johnston Family Living Trust: 35,848 common shares.
(b) Percent of class:
Richard P. Johnston: 14.1%
Jayne Johnston: 14.1%
Johnston Family Charitable Remainder Trust #3: 13%
Johnston Living Trust: 0%
(c) Number of shares as to which such person has:
Richard P. Johnston
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 802,609
(iii) Sole power to dispose or to direct the disposition of: 25,052
(iv) Shared power to dispose or to direct the disposition of:
777,557
Jayne Johnston
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 802,609
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
802,609
Johnston Family Living Trust:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 35,848
(iii) Sole power to dispose or to direct the disposition of: 35,848
(iv) Shared power to dispose or to direct the disposition of: 0
Johnston Family Charitable Remainder Trust #3:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 741,709
(iii) Sole power to dispose or to direct the disposition of: 741,709
(iv) Shared power to dispose or to direct the disposition of: 0
<PAGE>
SCHEDULE 13G
--------------------- ------------------
CUSIP NO. 780921-10-2 Page 9 of 11 Pages
--------------------- ------------------
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
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.
<PAGE>
SCHEDULE 13G
--------------------- -------------------
CUSIP NO. 780921-10-2 Page 10 of 11 Pages
--------------------- -------------------
ITEM 10. CERTIFICATION.
By signing below the undersigned certifies that, to the best of his
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 purposes
or effect.
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.
/s/ Richard P. Johnston
---------------------------------------------
(Signature)
Richard P. Johnston
---------------------------------------------
September 20, 2000
---------------------------------------------
(Date)
/s/ Jayne Johnston
---------------------------------------------
(Signature)
Jayne Johnston
---------------------------------------------
September 20, 2000
---------------------------------------------
(Date)
Johnston Family Living Trust
By: /s/ Richard P. Johnston
-----------------------------------------
(Signature)
Richard P. Johnston
---------------------------------------------
September 20, 2000
---------------------------------------------
(Date)
Johnston Family Charitable Remainder Trust #3
By: /s/ Richard P. Johnston
-----------------------------------------
(Signature)
Richard P. Johnston
---------------------------------------------
September 20, 2000
---------------------------------------------
(Date)
<PAGE>
SCHEDULE 13G
--------------------- -------------------
CUSIP NO. 780921-10-2 Page 11 of 11 Pages
--------------------- -------------------
EXHIBIT INDEX
Exhibit Description
------- -----------
1 Statement Pursuant to Rule 13d-1(k)(1)
