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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Regent Technologies, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
758905202
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(CUSIP Number)
Roy W. Mers, 2929 Elm Street, Dallas, Texas 75226 (214) 632-6100
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 17, 1998
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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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting 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.)
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).
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CUSIP NO. 758905202
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William M. DeArman
FEI# ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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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
USA
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7 SOLE VOTING POWER
NUMBER OF
SHARES 1,000,000 SHARES, 2,000,000 WARRANTS
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,000,000 SHARES, 2,000,000 WARRANTS
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000,000 SHARES, 2,000,000 WARRANTS
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.00%
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14 TYPE OF REPORTING PERSON
IN
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*Based on the assumptions stated by the virtue of Rule 13d-3(d)
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SCHEDULE 13D
Item 1 SECURITY AND ISSUER
This statement relates to shares of common stock, par value $.01 share
(the "Stock"), of a Colorado corporation (the "Issuer"). The principle
executive offices of the Issuer are located at 2929 Elm Street, Dallas, Texas
75226.
Item 2 IDENTITY AND BACKGROUND
(a) William M. DeArman
(b) 5420 Huckleberry Lane
Houston, Texas 75056
(c) private investor
(d) Mr. DeArman has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Mr. DeArman has not, during the last five years, been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) Mr. DeArman is a US citizen.
Item 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of the funds used by the Reporting Persons to
purchase shares of Stock are as follows:
<TABLE>
<CAPTION>
REPORTING PERSON SOURCE OF FUNDS AMOUNT OF FUNDS
<S> <C> <C>
William M. DeArman Personal Funds $100,000
</TABLE>
Item 4 PURPOSE OF TRANSACTION
Investment
Item 5 INTEREST IN SECURITIES OF THE ISSUER
(a) William M. DeArman beneficially owns 1,000,000 shares of Common Stock and
2,000,000 warrants to purchase Common Stock which is 14% of that class of
securities for all Common Stock and warrants and options to purchase Common
Stock Outstanding.
(b) Mr. DeArman has the sole power to vote and the sole power to dispose of
1,000,000 shares and 2,000,000 warrants.
(c) During the last sixty days Mr. DeArman has acquired 400,000 shares and
133,320 warrants at $.10 per share unit on February 17, 1998. All
securities of issuer acquired by Mr. DeArman have been acquired directly
from the issuer as newly issued, restricted securities.
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Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
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Item 7. MATERIAL TO BE FILED AS EXHIBITS.
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SIGNATURES
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: March 9, 1998
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By: /s/ WILLIAM M. DEARMAN
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William M. DeArman
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