SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
ZIONS COOPERATIVE MERCANTILE INSTITUTION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
989705108
(CUSIP Number)
JOHN PRICE
35 CENTURY PARK-WAY
SALT LAKE CITY, UTAH 84115
(801) 486-3911
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
JAY L. BERNSTEIN, ESQ.
ROGERS & WELLS LLP
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
SEPTEMBER 15, 1999
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. |_|
(Continued on following pages)
(Page 1 of 4 Pages)
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CUSIP No. 989705108 13D Page 2 of 4 Pages
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1.
Name of Reporting Persons/
I.R.S. Identification Nos. of Above Persons (Entities Only)
JOHN PRICE
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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.
Source of Funds
OO
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5.
Check Box 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
UNITED STATES
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Number of 7.
Shares Sole Voting Power
0
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Beneficially 8.
Owned By Shared Voting Power
0
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Each Reporting 9.
Person With Sole Dispositive Power
0
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10.
Shared Dispositive Power
0
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11.
Aggregate Amount Beneficially Owned By Each Reporting Person
0
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12.
Check Box 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)
0.0%
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14.
Type of Reporting Person
IN
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<PAGE>
SCHEDULE 13D
This Amendment No. 1, which relates to shares of common stock, par value $0.001
per share (the "Common Stock"), of Zions Cooperative Mercantile Institution (the
"Issuer") and is being filed by John Price ("Mr. Price"), supplements and amends
the statement on Schedule 13D originally filed by Mr. Price with the Securities
and Exchange Commission on January 6, 1999. Unless otherwise indicated, all
capitalized terms used herein but not defined herein shall have the same meaning
as set forth in the statement on Schedule 13D, dated January 6, 1999.
ITEM 1. SECURITY AND ISSUER.
No material change.
ITEM 2. IDENTITY AND BACKGROUND.
No material change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF THE TRANSACTION.
Not applicable.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) On September 15, 1999, Mr. Price irrevocably transferred all of
his right, title and interest in 113,785 shares of Common Stock to The ZCMI
Trust, a Utah grantor trust, for the benefit of the trust's named beneficiaries.
Mr. Price is no longer the beneficial owner of any shares of Common Stock.
Following such transfer, Mr. Price no longer has the power to vote or to direct
the vote or to dispose or to direct the disposition of any shares of Common
Stock.
(c) Not applicable.
(d) Not applicable.
(e) September 15, 1999.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
No material change.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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4
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: September 24, 1999
/s/ John Price
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John Price
