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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Altair International, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
02136W 10 2
----------------------------
(CUSIP Number)
*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 1 of 5 Pages
<PAGE>
CUSIP No. 02136W 10 2 Page 2 of 5 Pages
13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles Patrick Costin
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
1,033,333
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH None
REPORTING
PERSON ------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
621,666
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,033,333
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 02136W 10 2 Page 3 of 5 Pages
13G
This Amendment No. 1 to the Schedule 13G of Charles Patrick Costin amends and
supplements, and should be read in conjunction with, the Schedule 13G, which was
filed on February 19, 1997.
Item 1.
(a) Name of Issuer: Altair International, Inc.
(b) Address of Issuer's Principal Executive Offices: 1725 Sheridan
Avenue, Suite 140, Cody, WY 82414
Item 2.
(a) Name of Person Filing: C. Patrick Costin
(b) Address of Principal Business Office or, if none, Residence: 1850
Aquila Ave., Reno, NV 89509
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 02136W 10 2
Item 3.
This statement is not filed pursuant to Rule 13d-1(b) or 13d-2(b).
Item 4. Ownership
(a) Amount Beneficially owned: 1,033,333 shares
(b) Percent of Class: 6.7%
(c) Number of shares as to which the Reporting Person has:
(i) sole power to vote or to direct the vote: 1,033,333 (includes
411,667 shares held in escrow over which the Reporting Person
has voting power but not dispositive power and includes
225,000 shares underlying currently exercisable options).
(ii) shared power to vote or to direct the vote: None.
(iii) sole power to dispose or to direct the disposition of:
621,666.
<PAGE>
CUSIP No. 02136W 10 2 Page 4 of 5 Pages
13G
(iv) shared power to dispose or to direct the disposition of: None.
Item 5. Ownership of Five Percent or Less of a Class
This statement is not being filed to report the fact that as of the
date hereof the Reporting Person has ceased to be the beneficial owner of
more than five percent of the class of securities.
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.
Item 10.Certification
Not applicable.
<PAGE>
CUSIP No. 02136W 10 2 Page 5 of 5 Pages
13G
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.
DATED: January 22, 1998
/s/ C. PATRICK COSTIN
-----------------------
C. Patrick Costin
