SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No.1)*
Shanecy, Inc.
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(Name of Issuer)
Common Stock, $0.001 par value
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(Title of Class of Securities)
81943C103
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(CUSIP Number)
Derek M. Galanis, 6353 El Camino Real, Suite J, Carlsbad, CA 92009
(760) 804-6970
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 11, 1999
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(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 [ ].
Note: if a paper filing is being made, six copies of this statement, including
all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*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 any 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 purposes 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).
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CUSIP No. 81943C103 Page 2 of 3 Pages
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SCHEDULE 13D
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1 Names of Reporting Persons.
Derek M. Galanis
I.R.S. Identification Nos. of above persons (entities only).
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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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Source of Funds*
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5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
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7 Sole Voting Power
Number of 1,399,000 shares of Common Stock
Shares -------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned by None
Each -------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 1,399,000 shares of Common Stock
With -------------------------------------------------------
10 Shared Dispositive Power
None
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,399,000 shares of Common Stock
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
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13 Percent of Class Represented by Amount in Row (11)
7.97%
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14 Type of Reporting Person (See Instructions)
Individual
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*See instructions before filling out
<PAGE>
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CUSIP No. 81943C103 Page 3 of 3 Pages
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Item 5. Interest in Securities of the Issuer.
(a) Mr. Galanis owns 1,390,000 shares of the issuer's Common Stock which
currently represent 7.97% of the outstanding shares of such Stock..
(b) Mr. Galanis has the sole power to vote, direct the vote, dispose and
direct the disposition of all of the shares of Common Stock that he owns. He
does not share with anyone the power to vote, direct the vote, dispose or direct
the disposition of any other shares of Common Stock..
(c) No purchases or sales of the Common Stock have been made by Mr. Galanis
within the past 60 days except that he gifted 820,000 shares of Common Stock on
or about February 1, 2000 of which an aggregate of 579,000 shares were gifted to
trusts for which he is the sole trustee. Mr. Galanis is not a beneficiary of any
of these trusts. The filing of this statement shall not be construed as an
admission by Mr. Galanis that he is, for the purposes of Section 13 (d), the
beneficial owner of the 579,000 shares gifted to the trusts.
(d) No person other than Mr. Galanis has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of the
1,399,000 shares of Common Stock which he owns except that any dividends or
sales proceeds relating to the 579,000 shares gifted to the trusts would be
received by the trusts.
(e) 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 with respect to me is
true, complete and correct.
Dated: February 22, 2000
s/Derek M. Galanis
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Derek M. Galanis
