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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____)*
INDEX, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
454078-10-6
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(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
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CUSIP NO. 454078 10 6 13 G Page 2 of 5 Pages
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1 David R. Little
SS # ###-##-####
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
2
(b) [ ]
SEC USE ONLY
3
CITIZENSHIP OR PLACE OF ORGANIZATION
4 United States
SOLE VOTING POWER
5 1,118,729(1)
NUMBER OF SHARED VOTING POWER
SHARES 6
BENEFICIALLY -0-
OWNED
BY EACH SOLE DISPOSITIVE POWER
REPORTING PERSON 7
WITH 956,900(1)
SHARED DISPOSITIVE POWER
8 161,829(2)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
9 4,318,729(3)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
10 [ ]
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
22.5%(4)
TYPE OF REPORTING PERSON
12
IN
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Item 1(a) NAME OF ISSUER:
Index, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
580 Westlake Park Boulevard, Suite 1100
Houston, Texas 77079
Item 2(a) NAME OF PERSON FILING:
David R. Little
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
580 Westlake Park Boulevard, Suite 1100
Houston, Texas 77079
Item 2(c) CITIZENSHIP:
United States
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share (the "Common Stock")
Item 2(e) CUSIP NUMBER:
454078-10-6
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.
Item 4 OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED:
4,318,729(3)
(b) PERCENT OF CLASS:
22.5%(4)
(c) Sole power to vote or to direct the vote:
1,118,729(1)
Shared power to vote or to direct the vote:
0
Sole power to dispose or to direct the disposition of:
956,900(1)
Shared power to dispose or to direct the disposition
of: 161,829(2)
Page 3 of 5 Pages
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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.
Item 10 CERTIFICATION:
Not applicable.
Page 4 of 5 Pages
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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: February 14, 1997
/s/ DAVID R. LITTLE
---------------------------
David R. Little
(1) Does not include 3,200,000 shares of Common Stock that may be acquired
pursuant to the exercise of a stock option held by the Reporting Person. The
Reporting Person will have sole voting and dispositive power with respect to
such shares upon exercise of the option. The option is exercisable in full at
any time.
(2) With respect to the 161,829 shares of Common Stock that are
held by the Sepco Industries, Inc. Employee Stock Ownership Plan (the "Plan")
for the Reporting Person's account, such shares may be distributed, if the
Reporting Person elects to receive his benefits accrued under the Plan in
shares of Common Stock, upon the Reporting Person's separation from service
with the Issuer, retirement, disability or death. Until such distribution, the
Reporting Person will not exercise dispositive control over such shares.
(3) Includes 3,200,000 shares of Common Stock that may be acquired pursuant to a
stock option held by the Reporting Person and 161,829 shares of Common Stock
that are held by the Plan for the Reporting Person's account.
(4) Represents the percent of the aggregate number of outstanding shares of
Common Stock of the Issuer, including shares of Common Stock issuable upon
exercise of a stock option held by the Reporting Person.
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