BLUE RHINO CORP
SC 13G, 1999-02-12
RETAIL STORES, NEC
Previous: CISNEROS GUSTAVO A, SC 13D/A, 1999-02-12
Next: BLUE RHINO CORP, SC 13G, 1999-02-12



<PAGE>
 
                                              ------------------------------- 
                                              /        OMB APPROVAL         / 
                                              ------------------------------- 
                                              / OMB Number:       3235-0145 / 
                                              / Expires:    August 31, 1999 / 
                                              / Estimated average burden    / 
                                              / hours per response....14.90 / 
                                              ------------------------------- 

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                  SCHEDULE 13G
                   Under the Securities Exchange Act of 1934
                             (Amendment No._____)*


                             Blue Rhino Corporation
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                    Common Stock, par value $.001 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   095811105
                        ------------------------------
                                 (CUSIP Number)

                               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-1(c)

     [X] 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>
 
CUSIP No.   095811105
         ------------------------
- ------------------------------------------------------------------------------
      NAMES OF REPORTING PERSONS.
 1    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
                                                                                
                                                                               
      Craig J. Duchossois                    
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    U.S.                             


- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            
                          379,189 (a)
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          
     OWNED BY             77,805 (b)
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             
                          379,189 (a)
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          77,805 (b)
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
                          456,994 (a)(b)
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10    
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
                                                                         
      5.9%
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON 
12           
      IN

- ------------------------------------------------------------------------------


(a)   Includes 338,862 shares beneficially owned by the Craig J. Duchossois
      Revocable Trust, of which Mr. Duchossois is the trustee, 36,546 shares
      issuable upon the exercise of vested warrants held by Mr. Duchossois and
      3,781 shares issuable upon the exercise of vested options held by Mr.
      Duchossois.

(b)   Includes 75,305 shares beneficially owned by the Kimberly Family
      Discretionary Trust, of which Mr. Duchossois is a member of the investment
      advisory committee and 2,500 shares held by R. Bruce Duchossois.
<PAGE>

 
Item 1.  (a)   Name of Issue:  Blue Rhino Corporation
 
         (b)   Address of Issuer's Principal Executive Offices:
 
               104 Cambridge Plaza Drive
               Winston-Salem, North Carolina 27104
 
Item 2.  (a)   Name of Person Filing:     Craig J. Duchossois

         (b)   Address of Principal Business Office:
 
               845 Larch Avenue
               Elmhurst, Illinois 60126
 
         (c)   Citizenship:   U.S.
 
         (d)   Title of Class of Securities: Common Stock, par value $.001 per
               share
 
         (e)   CUSIP Number: 095811105
 
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b)
        or 240.13d-2(b) or (c), check whether the person filing is a:
                
        Not applicable.
 
Item 4. Ownership.
 
         (a)   Amount beneficially owned: 456,994 (a)(b)
 
         (b)   Percent of class: 5.9%

         (c)   Number of shares as to which person has:
 
               (i)    Sole power to vote or to direct the vote: 379,189 ( a)
                    
               (ii)   Shared power to vote or to direct the vote: 77,805(b)
                    
               (iii)  Sole power to dispose or to direct the     
                      disposition of :379,189 (a)
                            
               (iv)   Shared power to dispose or to direct the
                      disposition of: 77,805 (b)

                      (a) Includes 338,862 shares beneficially owned by the
                          Craig J. Duchossois Revocable Trust, of which 
                          Mr. Duchossois is the trustee, 36,546 shares issuable
                          upon the exercise of vested warrants held by 
                          Mr. Duchossois and 3,781 shares Justify upon the
                          exercise of vested options held by Mr. Duchossois.
<PAGE>
 
          (b) Includes 75,305 shares beneficially owned by the Kimberly Family
              Discretionary Trust, of which Mr. Duchossois is a member of the
              investment advisory committee and 2,500 shares held by R. Bruce
              Duchossois.

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>
 
                                   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/ Craig J. Duchossois
                                           ------------------------------------
                                           Signature

                                             Craig J. Duchossois
                                           ---------------------
                                           Name/Title


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission