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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. __)*
PROLONG INTERNATIONAL CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
743409-10-4
(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).
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CUSIP NO. 743409-10-4 13G PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Elton Alderman
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (SEE INSTRUCTIONS) (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 3,895,600
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 3,895,600
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,895,600
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (See Instructions)
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
15.3%
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TYPE OF REPORTING PERSON (See Instructions)
12
IN
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Item 1.
(a) Name of Issuer: Prolong International Corporation
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(b) Address of Issuer's Principal Executive Offices:
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6 Thomas
Irvine, CA 92618
Item 2.
(a) Name of Person(s) Filing: Elton Alderman
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(b) Address of Principal Business Office:
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6 Thomas
Irvine, CA 92618
(c) Citizenship: United States of America
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(d) Title of Class of Securities: Common Stock
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(e) CUSIP Number: 743409-10-4
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Item 3.
If this statement is filed pursuant Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
(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 Advisor registered under Section 203 of the
Investment Advisors 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 Rule 13d-1(b)(1)(ii)(F);
(g) [_] Parent Holding Company in accordance with
Section 240.13d-1(b)(1)(ii)(G) (Note, see Item 7);
(h) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership.
If the percent of the class owned, as of December 31, 1997, or as of the
last day of any month described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and identify those
shares which there is a right to acquire.
(a) Amount beneficially owned: 3,895,600 shares of Common Stock
(b) Percent of Class: 15.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 3,895,600;
(ii) shared power to vote or to direct the vote 0;
(iii) sole power to dispose or to direct the disposition
of 3,895,600;
(iv) shared power to dispose or to direct the disposition of 0.
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Item 5. Ownership of 5% or Less of a Class:
If this statement is being filed to report the fact that as of the
date hereof the reported person has ceased to be the beneficial owner of more
than 5% of the class of securities, check the following: [_]
Item 6. Ownership of More than 5% 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 the Group:
Not applicable.
Item 10. Certification
Not applicable.
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.
Date: March 23, 1998 By: /s/ Elton Alderman
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Elton Alderman,
President and Chief Executive Officer
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