SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5 )*
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INTER-TEL, INCORPORATED
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
458372
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
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*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).
<PAGE>
CUSIP No. 458372 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven G. Mihaylo SS# ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
NOT APPLICABLE
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada, United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 5,361,484.48 SHARES
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 5,361,484.48 SHARES
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,361,484.48 SHARES
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
20.1%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G Page 3 of 5 Pages
Item 1. (a) Name of Issuer:
Inter-Tel, Incorporated
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(b) Address of Issuer's Principal Executive Offices:
120 North 44th St., Suite 200, Phoenix, AZ 85034-1822
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Item 2. (a) Name of Person Filing:
Steven G. Mihaylo
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(b) Address of Principal Business Office:
9475 Double R Blvd, Suite 15, Reno, NV 89511
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(c) Citizenship:
United States of America
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(d) Title of Class of Securities:
Common
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(e) CUSIP Number:
458372
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F) - see Item 7.
(g) [ ] Parent Holding Company, in accordance with Section
240.13d-1(b)(1)(ii)(G) - see Item 7.
(h) ( ) Group, in accordance with Section 240.13d-
1(b)(1)(ii)(H)
<PAGE>
13G Page 3 of 5 Pages
Item 4. Ownership.
If more than five percent of the class is owned, indicate:
(a) Amount Beneficially Owned: 5,361,484.48 SHARES
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(b) Percent of Class: 20.1%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 5,361,484.48
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(ii) Shared power to vote or to direct the vote 0
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(iii) Sole power to dispose or to direct the disposition of
5,361,484.48
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(iv) Shared power to dispose or to direct the disposition of
0 , and
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(d) Shares which there is a right to acquire -0-
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Item 5. Ownership of Five Percent or Less of a Class.
No Change
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.
By signing below -I/we- certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
<PAGE>
Signature.
After reasonable inquiry and to the best of my knowledge and
belief, -I/we- certify that the information set forth in this
statement is true, complete and correct.
Date: February 12, 1998
/s/ Steven G. Mihaylo
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Signature *
Steven G. Mihaylo/CEO
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Name/Title
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 2001).
