DENALI INC, SC 13G/A, 1999-07-12

DENALI INC
SC 13G/A, 1999-07-12
BUSINESS SERVICES, NEC

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<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

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

SCHEDULE 13G
(RULE 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 ) *

DENALI INCORPORATED
-----------------------------------------------------
(Name of Issuer)

COMMON STOCK, $0.01 PAR VALUE
-----------------------------------------------------
(Title of Class of Securities)

248221103
-----------------------------------------------------
(CUSIP Number)

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
disclosures provided in a prior cover page.

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 ("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> 2

<TABLE>
<CAPTION>
CUSIP NO. 248221103 13G PAGE 2 OF 8 PAGES
------ ------
- ------------------------------------------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

J. TAFT SYMONDS
- ------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY

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

UNITED STATES
- ------------------------------------------------------------------------------------------------------------------
5. SOLE VOTING POWER

NUMBER OF 378,943
SHARES --------------------------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH --------------------------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 378,943
--------------------------------------------------------------------------------
8. SHARED DISPOSITIVE POWER

- ------------------------------------------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

378,943
- ------------------------------------------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ]

- ------------------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.0%
- ------------------------------------------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *

IN
- ------------------------------------------------------------------------------------------------------------------
</TABLE>

*SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE> 3
<TABLE>
<CAPTION>
CUSIP NO. 248221103 13G PAGE 3 OF 8 PAGES
------ ------
- ------------------------------------------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

SYMONDS TRUST COMPANY, LTD.
- ------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY

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

UNITED STATES
- ------------------------------------------------------------------------------------------------------------------
5. SOLE VOTING POWER

- ------------------------------------------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

- ------------------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.0%
- ------------------------------------------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *

CO
- ------------------------------------------------------------------------------------------------------------------
</TABLE>

*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4

<TABLE>
<CAPTION>
CUSIP NO. 248221103 13G PAGE 4 OF 8 PAGES
------ ------
- ------------------------------------------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

ANNE ALLEN SYMONDS
- ------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY

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

UNITED STATES
- ------------------------------------------------------------------------------------------------------------------
5. SOLE VOTING POWER

- ------------------------------------------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

- ------------------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.0%
- ------------------------------------------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *

IN
- ------------------------------------------------------------------------------------------------------------------
</TABLE>

*SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE> 5

<TABLE>
<CAPTION>
CUSIP NO. 248221103 13G PAGE 5 OF 8 PAGES
--------- ------
- ------------------------------------------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSONS
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

ANNE ALLEN SYMONDS REVOCABLE TRUST
- ------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [x]
(b) [ ]

- ------------------------------------------------------------------------------------------------------------------
3. SEC USE ONLY

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

UNITED STATES
- ------------------------------------------------------------------------------------------------------------------
5. SOLE VOTING POWER

- ------------------------------------------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

- ------------------------------------------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.0%
- ------------------------------------------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *

OO
- ------------------------------------------------------------------------------------------------------------------
</TABLE>

*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6

ITEM 1.

(a) Name of Issuer:
Denali Incorporated

(b) Address of Issuer's Principal Executive Offices:
1360 Post Oak Blvd., Suite 2250
Houston, Texas 77056

ITEM 2.

(a) Name of Person Filing:
J. Taft Symonds
Symonds Trust Company, Ltd.
Anne Allen Symonds
Anne Allen Symonds Revocable Trust

(b) Address of Principal Business Office or, if none, Residence:
J. Taft Symonds
2040 North Loop West, Suite 200
Houston, Texas 77018

Symonds Trust Company, Ltd.
2040 North Loop West, Suite 200
Houston, Texas 77018

Anne Allen Symonds
2040 North Loop West, Suite 200
Houston, Texas 77018

Anne Allen Symonds Revocable Trust
2040 North Loop West, Suite 200
Houston, Texas 77018

(d) Title of Class of Securities: Common Stock, $0.01 par value

(e) CUSIP Number: 248221103

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13-D-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.

<PAGE> 7

(d) [ ] Investment Company registered under section 8 of the
Investment Company Act.

(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers 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 13d-
1(b)(1)(ii)(F).

(g) [ ] Parent holding company, in accordance with Rule
13d-1(b)(ii)(G). See Item 7.

(h) [ ] Group, in accordance with Rule 13d-1(b)(ii)(H).

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 a month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that and identify those shares which there is a right to
acquire.

(a) Amount Beneficially Owned: 378,943 shares.

(b) Percent of Class: 7.0%.

(i) sole power to vote or to direct the vote 378,943
shares.

(ii) shared power to vote or to direct the vote.

(iii) sole power to dispose or to direct the disposition of
378,943 shares.

(iv) shared power to dispose or to direct the disposition
of.

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: [ ].

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.

<PAGE> 8

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

See Exhibit 1.

ITEM 9. NOTICE OF DISSOLUTION OF 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.

Dated: July 9, 1999 /s/ J. Taft Symonds
----------------------------------------------------
J. Taft Symonds

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: July 9, 1999 SYMONDS TRUST COMPANY, LTD.

By: /s/ J. Taft Symonds
----------------------------------------------
J. Taft Symonds, President

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: July 9, 1999 /s/ Anne Allen Symonds
-----------------------------------------------------
Anne Allen Symonds

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: July 9, 1999 ANNE ALLEN SYMONDS REVOCABLE TRUST

By: /s/ Anne Allen Symonds
------------------------------------------------
Anne Allen Symonds, Trustee

<PAGE> 9
EXHIBIT INDEX

EXHIBIT NO. DESCRIPTION
- ----------- -----------

99.1 Identification of Members of the Group

99.2 Joint Statement Pursuant to Rule 13d-1(k)(1)

<PAGE> 1

EXHIBIT 1

Identification of Members of the Group

The members of the group are J. Taft Symonds, Symonds Trust Company,
Ltd., Anne Allen Symonds and the Anne Allen Symonds Revocable Trust. J. Taft
Symonds is the President of Symonds Trust Company, Ltd. Anne Allen Symonds is
the spouse of J. Taft Symonds and the trustee of the Anne Allen Symonds
Revocable Trust.

<PAGE> 1

EXHIBIT 2

JOINT STATEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned without the necessity of filing statements.
The undersigned acknowledge that each shall be responsible for the timely
filing of such amendments, and for the completeness and accuracy of the
information concerning him or it contained therein, but shall not be
responsible for the completeness and accuracy of the information concerning the
others, except to the extent that he or it knows or has reason to believe that
such information is inaccurate.

Dated: July 9, 1999 By: /s/ J. Taft Symonds
----------------------------------------------
J. Taft Symonds, President

Dated: July 9, 1999 SYMONDS TRUST COMPANY, LTD.

By: /s/ J. Taft Symonds
----------------------------------------------
J. Taft Symonds, President

Dated: July 9, 1999 /s/ Anne Allen Symonds
-----------------------------------------------------
Anne Allen Symonds

Dated: July 9, 1999 ANNE ALLEN SYMONDS REVOCABLE TRUST

By: /s/ Anne Allen Symonds
------------------------------------------------
Anne Allen Symonds, Trustee