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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
INSITUFORM TECHNOLOGIES, INC.
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(Name of Issuer)
CLASS A COMMON STOCK,
$.01 PAR VALUE 457667 10 3
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(Title of class of securities) (CUSIP number)
DENNIS J. BLOCK, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
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(Name, address and telephone number of person authorized to receive notices and
communications)
JULY 3, 1997
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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: When filing this statement in paper format, six copies of this statement,
including exhibits, should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
(Continued on following page(s))
(Page 1 of 10 Pages)
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NYFS10...:\85\55385\0003\139\SCH7077K.450
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CUSIP No. 457667 10 3 13D Page 2
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1 NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. JEROME KALISHMAN
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 82,415
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 3,015,433
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 82,415
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,015,433
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,097,848
REPORTING PERSON:
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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): 11.5%
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14 TYPE OF REPORTING PERSON: IN
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CUSIP No. 457667 10 3 13D Page 3
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1 NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. ROBERT W. AFFHOLDER
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 1,307,858
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 1,307,858
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,307,858
REPORTING PERSON:
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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): 4.9%
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14 TYPE OF REPORTING PERSON: IN
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<PAGE>
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CUSIP No. 457667 10 3 13D Page 4
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1 NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. NANCY F. KALISHMAN
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 3,015,433
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,015,433
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,015,433
REPORTING PERSON:
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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): 11.2%
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14 TYPE OF REPORTING PERSON: IN
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CUSIP No. 457667 10 3 13D Page 5
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1 NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. XANADU INVESTMENTS, L.P.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF MISSOURI
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 2,869,274
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,869,274
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,869,274
REPORTING PERSON:
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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): 10.7%
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14 TYPE OF REPORTING PERSON: PN
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This is Amendment No. 2 to a Statement on Schedule 13D with respect to the
class A common stock, $.01 par value (the "Common Stock"), of Insituform
Technologies, Inc., a Delaware corporation (the "Company"), filed by a group
currently comprised of Jerome Kalishman, Robert W. Affholder, Nancy F. Kalishman
and Xanadu Investments, L.P. (collectively, the "Reporting Persons").
Capitalized terms used herein without definition shall have the meanings
ascribed to them in the Schedule 13D, as amended.
Item 4. Purpose of Transaction.
On July 3, 1997, Kalishman and the Company jointly announced that they had
reached an agreement in principle to settle the proxy contest of Kalishman and
Affholder for the election of a slate of nominees to the Board of Directors of
the Company at the 1997 Annual Meeting. The terms of the agreement in principle
between the Company and Kalishman and Affholder are as follows:
-- The size of the Company's Board of Directors would be reduced from
13 to 9.
-- The current staggered terms of directors would be
eliminated.
-- There would be no contested election of directors prior to the 1999
annual meeting.
Under the terms of the agreement in principle, the Company's
Board would consist of seven current directors: Robert W.
Affholder, Paul A. Biddleman, Anthony Hooper, Jerome Kalishman,
Silas Spengler, Sheldon Weinig, Russell B. Wight, Jr.; plus two
new independent directors: Stephen Cortinovis and another
independent director to be named later.
The agreement in principle is subject to the execution of a definitive
agreement, the approval of the full Board of Directors of the Company, and
approval by the Company's stockholders at the 1997 Annual Meeting scheduled for
August 21, 1997.
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: July 7, 1997 /s/ Jerome Kalishman
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Jerome Kalishman
7
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: July 7, 1997 /s/ Robert W. Affholder
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Robert W. Affholder
8
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: July 7, 1997 /s/ Nancy F. Kalishman
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Nancy F. Kalishman
9
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: July 7, 1997 Xanadu Investments, L.P.
By: /s/ Jerome Kalishman
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