UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9 )*
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B.B. WALKER COMPANY
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(Name of Issuer)
Common Stock, par value of $1.00 per share
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(Title of Class of Securities)
931514 10 3
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
* 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
CUSIP No. 931514 10 3 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON
James P. McDermott
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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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| 5. SOLE VOTING POWER
|
| 403,883 shares
|------------------------------------------------------------
NUMBER OF | 6. SHARED VOTING POWER
SHARES |
BENEFICIALLY | 6 shares
OWNED BY |------------------------------------------------------------
EACH | 7. SOLE DIPOSITIVE POWER
REPORTING |
PERSON | 403,883 shares
WITH |------------------------------------------------------------
| 8. SHARED DISPOSITIVE POWER
|
| 6 shares
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
403,889 shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.4%
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12. TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 5 Pages
Item 1(a). Name of Issuer:
B.B. Walker Company
Item 1(b). Address of Issuer's Principal Executive Offices:
414 East Dixie Drive
Asheboro, NC 27203
Item 2(a). Name of Person Filing:
James P. McDermott
Item 2(b). Address of Principal Business Office or, if none, Residence
414 East Dixie Drive
Asheboro, NC 27203
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, par value of $1.00 per share
Item 2(e). CUSIP Number
931514 10 3
Item 3. Type of Filing
Not Applicable
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year
covered by the statement, 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:
403,889 shares of which 25,414 shares are owned direct; of
which 4,000 shares Mr. McDermott has the right to acquire
pursuant to presently exercisable stock options granted to
him by the Company; 6 shares are owned by spouse; 374,469
shares are owned by the Employee Stock Ownership Plan of B.B.
Walker Company of which Mr. McDermott serves as sole trustee.
Page 3 of 5 Pages
(b) Percent of Class:
23.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
403,883 shares
(ii) shared power to vote or to direct the vote
6 shares
(iii) sole power to dispose or to direct the disposition of
403,883 shares
(iv) shared power to dispose or to direct the disposition of
6 shares
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
SIGNATURES
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: February 12, 1999
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Signature: JAMES P. MCDERMOTT
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James P. McDermott
Page 5 of 5 Pages
