UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Big Sky Transportation Co.
(Name of Issuer)
1996 Series Common Stock
(Title of Class of Securities)
089539 20 9
(CUSIP Number)
Kim B. Champney, President, 1601 Aviation Place,
Billings, MT 59105, (406) 245-9449
(Name, address and telephone number of person authorized
to receive notices and communications)
March 1, 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 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: 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 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>
SCHEDULE 13D
CUSIP NO. 089539 20 9
1. Terry D. Marshall, ss# ###-##-####
2. N/A
3. SEC Use Only
4. OO
5. N/A
6. Montana, USA
7. 60,910
8. 0
9. 60,910
10. 0
11. 60,910
12. N/A
13. 4.87%
14. IN
<PAGE>
SCHEDULE 13D
THIS SCHEDULE 13D AMENDS THE SCEDULE 13D FILED BY REPORTING PERSON ON
OCTOBER 6, 1998.
Item 1. Securities and Issuer
Big Sky Transportation Co. ("Big Sky") is a regional commuter air
carrier, which operates passenger, freight and air carrier
service in twenty-four communities in seven states. Big Sky's
headquarters are in Billings Montana. It has air service hubs in
Billings, MT and in Dallas, TX. The issuer's name is Big Sky
Transportation Co. Its address is 1601 Aviation Place, Billings MT,
59105.
As of March 1, 1999, Big Sky hav 1,250,382 shares of 1996 Series Common
Stock outstanding, the only class of securities of the corporation
presently issued and outstanding.
Item 2. Identity and Background
The reporting person, Terry Marshall, is a citizen of Montana.
Mr. Marshall resides at 7822 Buckskin Drive, Billings MT 59079.
Mr. Marshall is retired.
Mr. Marshall has not been convected in a criminal proceeding
during the last five years.
Mr. Marshall has not been a party to any civil proceeding of
a judicial or administrative body of competent jurisdiction,
nor has he been over the past five years.
Item 3. Source and Amount of Funds or Other Consideration
See Item 4 below.
Item 4. Purpose of Transaction
This report shows that the percentage of shares owned by Mr. Marshall has
been reduced below 5% as the result of additional shares issued to
unrelated parties by Big Sky on March 1, 1999.
Item 5. Interest in Securities of the Issuer
As of March 1, 1999, Big Sky had 1,250,382 shares of 1996
Series Common Stock outstanding. The aggregate number and percentage
of shares Big Sky 1996 Series Common Stock owned by Mr. Marshall are as
follows:
Number of Shares Percentage of Class
60,910 4.87%
Mr. Marshall has 60,910 shares directly owned.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer
Mr. Marshall is a former officer and director of Big Sky. He has retired
from these positions. Mr. Marshall has no further contractual
arrangements, understandings with respect to Big Sky. He has no
unexercised stock options.
Item 7. Material to be Filed as Exhibits.
N/A
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.
Date: March 2, 1999
Signature: /s/ Terry D. Marshall
Title: Reporting Person
