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FORM 3
OMB APPROVAL
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OMB NUMBER: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ...... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person*
Kelley Nanette N.
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(Last) (First) (Middle)
P.O. Box 788
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(Street)
Baton Rouge Louisiana 70821
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(City) (State) (Zip)
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2. Date of event Requiring Statement (Month/Day/Year)
10/16/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
ERLY Industries Inc. ("ERLY")
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5. Relationship of Reporting Persons to Issuer
(Check all applicable)
Director X 10% Owner
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Officer (give Other (Specify
----- title below) ------ below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (check Applicable Line)
_____ Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Direct (D) or (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
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<S> <C> <C> <C>
Common Stock 26,400(1) D
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Common Stock 730,937(2) D
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Common Stock 7(3) D
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Common Stock 5(4) D
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- -------------------------- --------------------------- ----------------- ------------------------------------------
- -------------------------- --------------------------- ----------------- ------------------------------------------
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
(Over)
SEC 1473 (7-96)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) cisable and Underlying Derivative Security or Exercise Form of Indirect
Expiration (Instr. 4) Price of Derivative Beneficial
Date Derivative Security: Ownership
(Month/Day/ Security Direct (D) (Instr. 5)
Year) or
------- ------- --------------------------------- Indirect (I)
Date Expira- Amount (Instr. 5)
Exer- tion of
cisable Date Title Number
of
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
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- ------------------------------- ------- ------- ------------------------ ------ --------------- --------------- -------------
- ------------------------------- ------- ------- ------------------------ ------ --------------- --------------- -------------
- ------------------------------- ------- ------- ------------------------ ------ --------------- --------------- -------------
- ------------------------------- ------- ------- ------------------------ ------ --------------- --------------- -------------
- ------------------------------- ------- ------- ------------------------ ------ --------------- --------------- -------------
- ------------------------------- ------- ------- ------------------------ ------ --------------- --------------- -------------
- ------------------------------- ------- ------- ------------------------ ------ --------------- --------------- -------------
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</TABLE>
Explanation of Responses:
(1) These shares are owned solely by Nanette N. Kelley, who is a member of a
"group" with The Powell Group, Farmers Rice Milling Company, Inc., First Global
Securities, Inc. and Noble B. Trenham for purposes of Section 13(d) of the
Exchange Act.
(2) These shares are owned directly by Farmers Rice Milling Company, Inc.
("Farmers Rice") and indirectly by (a) The Powell Group, the parent corporation
of Farmers Rice, and (b) Nanette N. Kelley, the President and Chief Executive
Officer of each of The Powell Group and Farmers Rice.
(3) These shares are owned directly by Noble B. Trenham.
(4) These shares are owned directly by First Global Securities, Inc. and
indirectly by Noble B. Trenham, Co-Chairman and Chief Investment Officer of
First Global Securities, Inc.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Nanette N. Kelley October 25, 1997
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**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1473(7-96)
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JOINT FILER INFORMATION
Name: The Powell Group
Address: P.O. Box 788
Baton Rouge, Louisiana 70821
Designated Filer: Nanette N. Kelley
Issuer & Ticker Symbol: ERLY Industries Inc. (ERLY)
Date Of Event Requiring Statement: 10/16/97
Signature: The Powell Group
By: /s/ Nanette N. Kelley
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Nanette N. Kelley, President and Chief Executive Officer
Name: Farmers Rice Milling Company, Inc.
Address: P.O. Box 788
Baton Rouge, Louisiana 70821
Designated Filer: Nanette N. Kelley
Issuer & Ticker Symbol: ERLY Industries Inc. (ERLY)
Date Of Event Requiring Statement: 10/16/97
Signature: Farmers Rice Milling Company, Inc.
By: /s/ Nanette N. Kelley
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Nanette N. Kelley, President and Chief Executive Officer
Page 3 of 4
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Name: First Global Securities, Inc.
Address: 790 East Colorado Boulevard, Suite 500
Pasadena, California 91101
Designated Filer: Nanette N. Kelley
Issuer & Ticker Symbol: ERLY Industries Inc. (ERLY)
Date of Event Requiring Statement: 10/16/97
Signature: First Global Securities, Inc.
By: /s/ Noble B. Trenham
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Noble B. Trenham, Co-Chairman and Chief Investment Officer
Name: Noble B. Trenham
Address: c/o First Global Securities, Inc.
790 East Colorado Boulevard, Suite 500
Pasadena, California 91101
Designated Filer: Nanette N. Kelley
Issuer & Ticker Symbol: ERLY Industries Inc. (ERLY)
Date of Event Requiring Statement: 10/16/97
Signature: /s/ Noble B. Trenham
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Noble B. Trenham
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