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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _)*
AMERICAN AIRCARRIERS SUPPORT, INCORPORATED
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
023758 10 5
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (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 4 Pages
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CUSIP NO. 023758 10 5 13G PAGE 2 OF 4 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KARL F. BROWN - S.S. NO. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(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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NUMBER OF 5 SOLE VOTING POWER
SHARES 3,075,000 + 30,000 SHARES UNDER EXERCISABLE OPTIONS
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING ------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 3,075,000 + 30,000 SHARES UNDER EXERCISABLE OPTIONS
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,075,000 + 30,000 SHARES UNDER EXERCISABLE OPTIONS
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
43.0%
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12 TYPE OF REPORTING PERSON*
IN
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</TABLE>
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SCHEDULE 13G
ITEM 1.
(a) Name of Issuer:
American Aircarriers Support, Incorporated
(b) Address of Issuer's Principal Executive Offices:
3516 Centre Circle Drive
Fort Mill, South Carolina 29715
ITEM 2.
(a) Name of Persons Filing:
Karl F. Brown
(b) Address of Principal Business Office:
3516 Centre Circle Drive
Fort Mill, South Carolina 29715
(c) Citizenship:
United States citizen
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
023758 10 5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK
WHETHER THE PERSONS FILING ARE A:
(a) [ ] Broker or Dealer registered under section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(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
(g) [ ] Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Page 3 of 4 Pages
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 3,075,000 + 30,000 shares under exercisable
options
(b) Percent of Class: 43.0%
(c) Number of shares as to which such persons have:
i) sole power to vote or to direct the vote: 3,075,000 + 30,000
shares under exercisable options
ii) shared power to vote or to direct the vote: N/A
iii) sole power to dispose or to direct the disposition of: 3,075,000
+ 30,000 shares under exercisable options
iv) shared power to dispose or to direct the disposition of: N/A
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 o.
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 MEMBER OF THE GROUP
Not applicable.
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.
February 9, 1999
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Date
/s/ Karl F. Brown
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Karl F. Brown
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