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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
DI INDUSTRIES, INC.
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(NAME OF ISSUER)
COMMON STOCK, $0.10 PAR VALUE
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(TITLE OF CLASS OF SECURITIES)
232909 10 1
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(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing 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.)
*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 the disclosures provided in a prior cover page.
The information required in 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).
(Continued on following pages)
Page 1 of 5 Pages
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CUSIP NO. 232909 10 9 13G PAGE 2 OF 5 Pages
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1 NAME OF REPORTING PERSON
Max M. Dillard
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF 2,754,801
SHARES
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH -----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,754,801
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,754,801
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- --------------------------------------------------------------------------------
11 PERECENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
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12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
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ITEM 1.
(a) Name of Issuer:
DI Industries, Inc.
(b) Address of Issuer's Principal Executive Offices:
450 Gears Road, Suite 625
Houston, Texas 77067
ITEM 2.
(a) Name of Person Filing:
Max M. Dillard
(b) Address of Principal Business Office:
450 Gears Road, Suite 625
Houston, Texas 77067
(c) Citizenship:
United States of America
(d) Title of Class of Securities:
Common Stock, $0.10 par value
(e) CUSIP Number:
232909 10 1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned:
See cover page Item 9.
As of December 31, 1994, this amount included 1,000,000
shares which may be acquired through the exercise of vested
stock options.
(b) Percent of Class:
See cover page Item 11.
Page 3 of 5 Pages
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See cover page Item 5.
Mr. Dillard has sole voting power with respect to all of
the shares he owns of record, 1,754,801.
(ii) Shared power to vote or to direct the vote:
See cover page Item 6.
(iii) Sole power to dispose or to direct the disposition of:
See cover page Item 7.
Mr. Dillard has sole dispositive power with respect to
all of the shares he owns of record, 1,754,801.
(iv) Shared power to dispose or to direct the disposition of:
See cover page Item 8.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10. CERTIFICATION:
Not Applicable
Page 4 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information contained in this statement is true, complete and
correct.
Date: January 30, 1995
/s/ Max M. Dillard
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MAX M. DILLARD
Page 5 of 5 Pages
