SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Precision Auto Care, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 Par Value
- --------------------------------------------------------------------------------
(Title of Classes of Securities)
74018 R 105
- --------------------------------------------------------------------------------
(CUSIP Number)
William P. Stiritz
Suite 101, 10401 Clayton Road
St. Louis, MO 63131
(314) 692-3214
- --------------------------------------------------------------------------------
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 23, 1997
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
(Continued on following pages)
(Page 1 of 5 Pages)
- ---------------
The information required on 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).
<PAGE>
CUSIP NO. 74018 R 105 SCHEDULE 13D Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(Entities Only)
William P. Stiritz
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER 500,000
NUMBER OF SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -------------------------------------- -----------------------
REPORTING 9 SOLE DISPOSITIVE POWER 500,000
PERSON WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ X ]
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11)
9.13%
- --------------------------------------------------------------------------------
14) Type of Reporting Person
IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 74018 R 105 SCHEDULE 13D Page 3 of 5 Pages
Item 1. Security and Issuer.
Common Stock, $.01 Par Value;
Precision Auto Care, Inc.
748 Miller Drive, S.E.
Leesburg, Virginia 20175
Item 2. Identity and Background.
(a) William P. Stiritz
(b) Suite 101, 10401 Clayton Road
St. Louis, Missouri 63131
(c) Chairman of the Board
Ralston Purina Co.
Checkerboard Square
St. Louis, Missouri 63164
Producer of dog and cat foods, dry cell battery products, and other pet
products.
(d) Mr. Stiritz has not during the last five years been convicted in a
criminal proceeding.
(e) Mr. Stiritz has not during the last five years been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction which
resulted in his being subject to a judgment, decree, or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) U.S.A.
Item 3. Source and Amount of Funds or Other Consideration.
Personal funds -- $3,406,250.
Item 4. Purpose of Transaction.
The securities were acquired for investment.
Mr. Stiritz does not have any plans or proposals that relate to or would
result in any of the actions specified in clauses (a) through (j) of Item 4 in
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Stiritz beneficially owns 500,000 shares of common stock of
Precision Auto Care, Inc. which constitutes 9.13 percent of the total
amount of stock in that class. This does not include 10,000 shares
owned by Nicholas P. Stiritz, the son of William P. Stiritz, who
disclaims beneficial ownership of such 10,000 shares or the existence
of a group as defined in Section 13(d)(3) of the Securities Exchange
Act of 1934.
(b) Mr. Stiritz has the sole power to vote or direct the vote and sole
power to dispose or direct the disposition of the Precision Auto Care,
Inc. common stock.
(c) On December 23, 1997, Mr. Stiritz purchased 500,000 shares of Precision
Auto Care, Inc. common stock through A. G. Edwards & Sons, Inc. at a
price of $6.8125 per share.
(d) Not applicable.
(e) Not applicable.
<PAGE>
CUSIP NO. 74018 R 105 SCHEDULE 13D Page 4 of 5 Pages
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Mr. Stiritz has no contracts, arrangements, understandings or relationships
with any person with respect to any securities of Precision Auto Care, Inc.
Item 7. Material to be Filed as Exhibits.
None
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.
December 23, 1997 /S/ William P. Stiritz
----------------------------------------
(Signature)
----------------------------------------
(Name/Title)
