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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
INSITUFORM TECHNOLOGIES, INC.
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(Name of Issuer)
Class A Common Stock, $.01 par value
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(Title of Class of Securities)
457667 10 3
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(CUSIP Number)
Jerome Kalishman COPY TO: Thomas A. Litz, Esq.
17988 Edison Avenue THOMPSON & MITCHELL
Chesterfield, Missouri 63005-3700 One Mercantile Center
(314) 532-6137 St. Louis, Missouri 63101
(314) 231-7676
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 25, 1995
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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).
(Continued on following page(s))
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CUSIP No. 457667 10 3 13D
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jerome Kalishman
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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
SC
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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
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 197,415
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,025,422
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 197,415
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 3,025,422
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,222,837
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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)
11.9%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 457667 10 3 13D
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nancy F. Kalishman
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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
SC
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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
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,025,422
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 3,025,422
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,025,422
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 457667 10 3 13D
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Xanadu Investments, L.P.
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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
SC
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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
Missouri
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,869,274
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 2,869,274
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,869,274
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
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14 TYPE OF REPORTING PERSON
PN
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INTRODUCTORY STATEMENT
Jerome Kalishman, Nancy F. Kalishman and Xanadu Investments,
L.P., a Missouri limited partnership of which Jerome Kalishman and Nancy F.
Kalishman are trustees of the general partners ("Xanadu" and collectively
with Jerome Kalishman and Nancy F. Kalishman the "Filing Persons"), are
filing this Amendment No. 1 to Schedule 13D (the "Amendment") as a result of
the merger (the "Merger") on October 25, 1995, of Insituform Mid-America,
Inc., a Delaware corporation ("IMA"), and ITI Acquisition Corp., a Delaware
corporation ("ITI Sub") and wholly-owned subsidiary of Insituform
Technologies, Inc., a Delaware corporation ("ITI"). This Amendment relates
to the Schedule 13D filed by the Filing Persons on June 2, 1995, which
reported the execution of that certain Agreement and Plan of Merger, dated
May 23, 1995 (the "Merger Agreement"), by and among IMA, ITI and ITI Sub
pursuant to which the Filing Persons may have been deemed to have acquired
beneficial ownership of the shares of the class A common stock, $.01 par
value, of ITI (the "ITI Common Stock") referred to therein. Pursuant to the
Merger, ITI Sub merged with and into IMA, as a result of which IMA became a
wholly-owned subsidiary of ITI. Upon consummation of the Merger, holders of
the class A common stock, $.01 par value, of IMA (the "IMA Class A Common
Stock") became entitled to receive 1.15 shares of the ITI Common Stock for
each share of IMA Class A Common Stock held, and the holders of all of the
outstanding shares of class B common stock, $.01 par value, of IMA (the "IMA
Class B Common Stock"), immediately prior to the consummation of the Merger,
converted each then outstanding share of IMA Class B Common Stock into one
share of IMA Class A Common Stock in accordance with the terms of the IMA
Class B Common Stock. Subsequent to the Merger, Jerome Kalishman, Nancy F.
Kalishman and Xanadu beneficially owned 3,217,087, 3,025,422 and 2,869,274
shares of ITI Common Stock, respectively. Nancy F. Kalishman disclaims
beneficial ownership of an aggregate of 197,415 shares of ITI Common Stock
held by certain trusts of which Jerome Kalishman is the trustee. As of
October 25, 1995, ITI had reported that an aggregate of 27,104,144 shares of
ITI Common Stock were issued and outstanding.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Pursuant to the Merger Agreement, upon consummation of the
Merger, holders of the IMA Class A Common Stock became entitled to receive
1.15 shares of the ITI Common Stock. Immediately prior to the Merger,
holders of the IMA Class B Common Stock converted each share of IMA Class B
Common Stock into one share of IMA Class A Common Stock. As a result of the
foregoing, 1,895,021 shares of IMA Class A Common Stock and 902,447, 735,781
and 600,000 shares of IMA Class B Common Stock owned by Jerome Kalishman,
Nancy F. Kalishman and Xanadu, respectively, were converted into the right to
receive 3,217,087, 3,025,422 and 2,869,274 shares of ITI Common Stock,
respectively.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of October 25, 1995, Jerome Kalishman, Nancy F.
Kalishman and Xanadu beneficially owned 3,217,087, 3,025,422 and 2,869,274
shares of ITI Common Stock, respectively, and ITI had reported that an
aggregate of 27,104,144 shares of ITI Common Stock were issued and
outstanding.
(b) Sole voting power: Jerome Kalishman has the sole power to
vote 197,415 shares of ITI Common Stock.
Shared voting power: Jerome Kalishman and Nancy F.
Kalishman share voting power with respect to 3,025,422 shares of ITI Common
Stock.
Sole investment power: Jerome Kalishman has sole
investment power over 197,415 shares of ITI Common Stock.
Shared investment power: Jerome Kalishman and Nancy F.
Kalishman share investment power with respect to 3,025,422 shares of ITI
Common Stock.
(c) None.
(d) Not applicable.
(e) Not applicable.
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: December 6, 1995 /s/ Jerome Kalishman
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Jerome Kalishman
Dated: December 6, 1995 /s/ Nancy F. Kalishman
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Nancy F. Kalishman
Dated: December 6, 1995 XANADU INVESTMENTS, L.P.
By: JEROME KALISHMAN REVOCABLE TRUST,
as General Partner
/s/ Jerome Kalishman
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Jerome Kalishman, as Trustee
