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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
RULE 13d-102
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13d-1(b)(c), AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
(Amendment No. 1)
CROSS-CONTINENT AUTO RETAILERS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
227480-10-0
(CUSIP Number)
BILL A. GILLILAND
CROSS-CONTINENT AUTO RETAILERS, INC.
1201 SOUTH TAYLOR STREET
AMARILLO, TEXAS 79101
(806) 374-8653
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 31, 1998
(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)
/ / Rule 13d-(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 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).
(Continued on following pages)
Page 1 of 9 Pages
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 2 of 9 Pages
1) Names of Reporting Persons
I. R. S. Identification Nos. of Above Persons (Entities Only)
Bill A. Gilliland
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(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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Number of (5) Sole Voting Power
Shares 6,174,876(1)
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Beneficially (6) Shared Voting Power
Owned by Each 97,000
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Reporting (7) Sole Dispositive Power
Person With 6,674,876(1)
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(8) Shared Dispositive Power
97,000
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
6,771,876(1)(2)
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
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11) Percent of Class Represented by Amount in Row (9) 49.4%
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12) Type of Reporting Person IN
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(1) Includes 127,907 shares issuable upon the exercise of outstanding stock
options.
(2) Includes 1,634,355 shares owned by Xaris, Ltd., a Texas limited
partnership, which, pursuant to an agreement, Mr. Gilliland controls
Xaris Management Co., Inc., the general partner of Xaris, Ltd., and
97,000 shares owned by the Gilliland Family Partnership, of which Mr.
Gilliland is a managing partner. Mr. Gilliland disclaims beneficial
ownership of these shares except to the extent of his pecuniary interest.
Also includes 500,000 shares owned by the Gilliland Family Foundation.
Mr. Gilliland has dispositive power but not voting power with respect to
these shares and disclaims beneficial ownership.
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 3 of 9 Pages
1) Names of Reporting Persons
I. R. S. Identification Nos. of Above Persons (Entities Only)
Xaris, Ltd.
75-2658000
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [ ]
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3) SEC Use Only
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4) Citizenship or Place of Organization Texas
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Number of (5) 1,634,355 11.9%
Shares
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Beneficially (6) 0
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Owned by Each (7) 1,634,355 11.9%
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Reporting
Person With (8) 9
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,634,355
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
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11) Percent of Class Represented by Amount in Row (9) 11.9%
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12) Type of Reporting Person PN
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 4 of 9 Pages
1) Names of Reporting Persons
I. R. S. Identification Nos. of Above Persons (Entities Only)
Xaris Management Co., Inc.
75-2657998
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [ ]
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3) SEC Use Only
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4) Citizenship or Place of Organization Texas
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Number of (5) 1,634,355 11.9%
Shares
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Beneficially (6) 0
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Owned by Each
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Reporting (7) 1,634,355 11.9%
Person With (8) 0
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,634,355
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
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11) Percent of Class Represented by Amount in Row (9) 11.8%
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12) Type of Reporting Person CO
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 5 of 9 Pages
Preliminary Note
The Schedule 13G filed with the Securities and Exchange Commission on
February 14, 1997 (the "Original Schedule 13G") on behalf of Mr. Gilliland,
Xaris, Ltd. and Xaris Management Co., Inc. (the "Reporting Persons") is
hereby amended to reflect the change of beneficial ownership by Mr.
Gilliland. Mr. Gilliland gifted 500,000 shares to Gilliland Family
Foundation, a charitable foundation (the "Foundation"). Mr. Gilliland has
certain investment power for the Foundation, but does not have voting power.
Mr. Gilliland disclaims beneficial ownership of these shares.
ITEM 1(a). NAME OF ISSUER:
Cross-Continent Auto Retailers, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1201 South Taylor Street
Amarillo, Texas 79101
ITEM 2(a). NAME OF PERSON FILING:
This statement is filed by Bill A. Gilliland, Xaris, Ltd., a
Texas limited partnership, and Xaris Management Co., Inc., a
Texas corporation and the general partner of Xaris, Ltd.
Pursuant to an agreement, Mr. Gilliland controls Xaris Management
Co., Inc.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Cross-Continent Auto Retailers, Inc.
1201 South Taylor Street
Amarillo, Texas 79101
ITEM 2(c): CITIZENSHIP:
Mr. Gilliland is a United States citizens. Xaris, Ltd. is a
Texas limited partnership and Xaris Management Co., Inc. is a
Texas corporation.
ITEM 2(d): TITLE OF CLASS OF SECURITIES:
Common Stock of Cross-Continent Auto Retailers, Inc.
ITEM 2(e). CUSIP NUMBER:
227480-10-0
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
Inapplicable.
ITEM 4. OWNERSHIP.
The information set forth in Items 5 through 9 on the cover page
for each of the filers
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 6 of 9 Pages
hereunder is incorporated herein by
reference.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Inapplicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Gilliland Family Foundation has the right to receive dividends
from and the proceeds from the sale of 500,000 shares of Common
Stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Inapplicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Inapplicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Inapplicable.
ITEM 10. CERTIFICATIONS.
Inapplicable.
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 7 of 9 Pages
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 12, 1999
(Date)
/s/ Bill A. Gilliland
(Signature)
Bill A. Gilliland
(Name/Title)
XARIS, LTD.
February 12, 1999
(Date)
By: Xaris Management Co., Inc., its
general partner
/s/ Bill A. Gilliland
(Signature)
President
(Name/Title)
XARIS MANAGEMENT CO., INC.
February 12, 1999
(Date)
/s/ Bill A. Gilliland
(Signature)
President
(Name/Title)
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed
with the statement, provided, however, that a power of attorney for this
purpose which is already on file with the Commission may be incorporated by
reference. The
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 8 of 9 Pages
name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION. Intentional misstatements or omission of fact
constitute federal criminal violations (SEE 18 U.S.C. 1001).
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CUSIP NO 227480-10-0 SCHEDULE 13G/A Page 9 of 9 Pages
EXHIBIT INDEX
Exhibit 1 Joint Filing Agreement, dated February 14, 1997, among the
signatories to this Schedule 13G. (Filed with the Original Schedule 13-D and
incorporated herein)
