SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
AMENDMENT NO. 17
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ICO, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, No par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
449294206
- --------------------------------------------------------------------------------
(CUSIP Number)
Gary P. Kreider, Esq.
Keating, Muething & Klekamp, P.L.L.
One East Fourth Street, 18th Floor
Cincinnati, Ohio 45202
(513) 579-6411
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 1, 1997
- --------------------------------------------------------------------------------
(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 this statement [ ].
<PAGE>
CUSIP NO. 449294206 13D Page 2 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Dr. Asher O. Pacholder
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 5,682,138 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 146,245 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
750,843 (See Item 5)
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,682,138 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.04% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 3 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Sylvia A. Pacholder
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 5,682,138 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 167,2768(See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
750,843 (See Item 5)
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,682,138 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.04% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 4 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robin E. Pacholder
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 36,300 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 5 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William J. Morgan
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 20,000 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
750,843 (See Item 5)
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 6 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Pacholder Associates, Inc., Tax I.D. #31-1089398
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio corporation
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
750,843 (See Item 5)
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 7 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
P M Delaware
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
570,843 (See Item 5)
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 8 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William E. Willoughby
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 1,267,719 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
149,139 (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 9 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Peggy S. Willoughby
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 395,665 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
149,139 (See Item 5)
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 10 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William C. Willoughby
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
40,212 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 845,255 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,327,258 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.84% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 11 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Regina S. Willoughby
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
17,898 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 113,411 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,286,944 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 12 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Theo J.M.L. Verhoeff
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of the Netherlands
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 131,709 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 13 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Catherine Willoughby Stephens
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
0 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,287,046 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 309,702 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,287,046 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.65% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 449294206 13D Page 14 of 24 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Walter L. Leib
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b)
- ------- ------------------------------------------------------------------------
3 SEC USE ONLY
- ------- ------------------------------------------------------------------------
4 SOURCE OF FUNDS*
See Item 3
- ------- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
- ------- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- ------- ------------------------------------------------------------------------
7 SOLE VOTING POWER
47,195 (See Items 5 & 6)
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,202,682 (See Items 5 & 6)
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 47,195 (See Item 5)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,202,682 (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5% (See Items 5 & 6)
- ------- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------- ------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 17 to Schedule 13D is filed solely to amend Items 2 and 5.
ITEM 2. IDENTITY AND BACKGROUND.
DR. ASHER O. PACHOLDER
(a) - (c) Dr. Asher O. Pacholder ("AOP") is the Chairman of the Board
of Directors and Chief Operating Officer of Wedco
Technology, Inc. ("Wedco"), Route 173, West Portal, New
Jersey 08802, and Chairman of the Board of Directors and
Chief Financial Officer of ICO, 11490 Westheimer, Suite
1000, Houston, Texas 77077.
(d) AOP during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) AOP during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in AOP being at any
time 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) United States citizen.
SYLVIA A. PACHOLDER
(a) - (c) Sylvia A. Pacholder ("SAP") is President, Chief Executive
Officer and Director of Wedco, Route 173, West Portal, New
Jersey 08802, and President, Chief Executive Officer,
Secretary and Director of ICO,11490 Westheimer, Suite 1000,
Houston, Texas 77077.
(d) SAP during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) SAP during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in SAP being at any
time 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) United States citizen.
- 15 -
<PAGE>
ROBIN E. PACHOLDER
(a) - (c) Robin E. Pacholder ("REP") is Senior Vice President, General
Counsel and a Director of ICO,11490 Westheimer, Suite 1000,
Houston, Texas 77077.
(d) REP during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) REP during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in REP being at any
time 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) United States citizen.
WILLIAM J. MORGAN
(a) - (c) William J. Morgan ("Morgan") is President and Managing
Director of Pacholder Associates, Inc., 8044 Montgomery
Road, Suite 382, Cincinnati, Ohio 45202, and a Director of
ICO,11490 Westheimer, Suite 1000, Houston, Texas 77077.
(d) Morgan during the last five (5) years, has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Morgan during the last five (5) years, has not been a party
to a civil proceeding of a judicial or administrative body
of competent jurisdiction which resulted in Morgan being at
any time 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) United States citizen.
PACHOLDER ASSOCIATES, INC.
(a) - (c) Pacholder Associates, Inc.("Pacholder Associates") is an
Ohio corporation. Pacholder Associates' business address and
the address of its principal office is 8044 Montgomery Road,
Suite 382, Cincinnati, Ohio 45202.
(d) Pacholder Associates during the last five (5) years, has not
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Pacholder Associates during the last five (5) years, has not
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which
- 16 -
<PAGE>
resulted in Pacholder Associates being at any time 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) Not applicable.
P M DELAWARE, INC.
(a) - (c) P M Delaware, Inc. ("P M Delaware") is a Delaware
corporation. P M Delaware's business address and the address
of its principal office is 1105 North Market Street, Suite
1300, P.O. Box 8985, Wilmington, Delaware 19899.
(d) P M Delaware during the last five (5) years, has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) P M Delaware during the last five (5) years, has not been a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction which resulted in P M
Delaware being at any time 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) Not applicable.
WILLIAM E. WILLOUGHBY
(a) - (c) William E. Willoughby ("WEW") is a consultant for Wedco,
Route 173, West Portal, New Jersey 08802, and a Director of
ICO,11490 Westheimer, Suite 1000, Houston, Texas 77077.
(d) WEW during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) WEW during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in WEW being at any
time 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) United States citizen.
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<PAGE>
PEGGY S. WILLOUGHBY
(a) - (c) Peggy S. Willoughby ("PSW") is the wife of WEW and resides
at 607 U.S. Highway, Far Hills, New Jersey 07931.
(d) PSW during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) PSW during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in PSW being at any
time 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) United States citizen.
WILLIAM C. WILLOUGHBY
(a) - (c) William C. Willoughby ("WCW") is the son of WEW.
(d) WCW during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) WCW during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in WCW being at any
time 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) United States citizen.
REGINA S. WILLOUGHBY
(a) - (c) Regina S. Willoughby ("RSW") is the wife of WCW.
(d) RSW during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) RSW during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in RSW being at any
time subject to a judgment, decree or final order enjoining
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<PAGE>
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) United States citizen.
THEO J.M.L. VERHOEFF
(a) - (c) Theo J.M.L. Verhoeff ("Verhoeff") is the Executive Vice
President-European Operations for Wedco, Route 173, West
Portal, New Jersey 08802.
(d) Verhoeff during the last five (5) years, has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Verhoeff during the last five (5) years, has not been a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction which resulted in Verhoeff
being at any time 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) Citizen of The Netherlands.
CATHERINE WILLOUGHBY STEPHENS
(a) - (c) Catherine Willoughby Stephens ("Stephens") is the daughter
of WEW. She is Vice President for Stephens Realty, Inc., 120
Hana Highway, P.O. Box 50, Paia, Hawaii 96799.
(d) Stephens during the last five (5) years, has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Stephens during the last five (5) years, has not been a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction which resulted in Stephens
being at any time 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) United States citizen.
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<PAGE>
WALTER L. LEIB
(a) - (c) Walter L. Leib ("Leib") is a shareholder of the law firm of
Leib, Kraus, Grispin & Roth, a professional corporation, 328
Park Avenue, P.O. Box 310, Scotch Plains, New Jersey
07076-0310.
(d) Leib during the last five (5) years, has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) Leib during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in Leib being at any
time 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) United States citizen.
As used hereafter, WEW, PSW, WCW, RSW, Verhoeff and Stephens are collectively
referred to as the "Wedco Shareholders," and AOP, SAP, REP, Morgan, Pacholder
Associates and P M Delaware are collectively referred to as the "ICO
Shareholders." The Wedco Shareholders and the ICO Shareholders are collectively
referred to as the "Shareholders".
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) - (b)
As of December 5, 1997, the Shareholders in the aggregate beneficially
owned 5,785,281 shares (or approximately 26.52% of the outstanding shares) of
ICO Common Stock as follows:
HOLDER NUMBER OF SHARES
- ------------------------------------------------ ----------------
Dr. Asher O. Pacholder(1)(2)(3)(4)(12) 2,303,580
Sylvia A. Pacholder(1)(2)(3)(4)(12) 2,325,103
Robin E. Pacholder(2)(5)(12) 36,300
William J. Morgan(1)(2)(12) 770,843
Pacholder Associates, Inc.(1)(12) 750,843
P M Delaware, Inc.(1)(12) 570,843
William E. Willoughby(6)(7)(12) 1,416,858
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<PAGE>
HOLDER NUMBER OF SHARES
- ------------------------------------------------ ----------------
Peggy S. Willoughby(8)(12) 395,665
William C. Willoughby(6)(9)(12) 845,255
Regina S. Willoughby(9)(12) 113,411
Theo J.M.L. Verhoeff(10)(12) 131,709
Catherine Willoughby Stephens(12)(13) 309,702
Walter L. Leib(6)(11)(12) 47,195
(1) Share amounts include 180,000 shares of common stock which held
by OP Limited Partnership, a limited partnership of which Dr.
Pacholder and Mr. Morgan are general partners. Pursuant to
certain Investment Advisory Agreements, Pacholder Associates,
Inc. has sole voting and investment power over such securities.
Share amounts also include 415,461 shares of common stock and
102,879 shares of common stock which may be acquired through the
exercise of warrants and 52,503 shares of common stock which may
be acquired upon conversion of Convertible Exchangeable Preferred
Stock, in each case owned by PM Delaware, Inc., a wholly-owned
subsidiary of Pacholder Associates, Inc.
(2) Shares amounts for Ms. S. Pacholder include 20,000 shares of
common stock that are issuable upon exercise of stock options
granted under the 1985 Stock Option Plan. Share amounts for Ms.
S. Pacholder and Dr. Pacholder include 30,000 and 30,000 shares
of common stock, respectively, that are issuable upon exercise of
stock options granted under the 1994 Stock Option Plan. Share
amounts for Ms. S. Pacholder and Dr. Pacholder include 35,000 and
30,000 shares of common stock, respectively, that are issuable
upon exercise of stock options granted under the 1995 Stock
Option Plan. Share amounts for Dr. Pacholder, Ms. S. Pacholder
and Ms. R. Pacholder include 80,000, 80,000 and 25,000 shares of
common stock, respectively, that are issuable upon the exercise
of stock options granted under the 1996 Stock Option Plan. Share
amounts for Ms. S. Pacholder, Dr. Pacholder, Ms. R. Pacholder and
Mr. Morgan are 2,000, 6,000, 11,000 and 18,000 shares of common
stock, respectively, that are issuable upon exercise of stock
options granted under the 1993 Stock Option Plan for Non-Employee
Directors. Share amounts for Ms. S. Pacholder and Dr. Pacholder
include 768.23 and 245.60 shares of common stock, respectively,
held in ICO's 401(k) Plan.
(3) Share amounts include 1,395,092 shares of common stock issued in
connection with acquisitions over which Ms. S. Pacholder and Dr.
Pacholder share voting power. Ms. S. Pacholder and Dr. Pacholder
disclaim beneficial ownership of these shares.
(4) Dr. Pacholder's shares exclude 169,768 shares held by his wife
Ms. S. Pacholder. Ms. S. Pacholder's shares exclude 146,245
shares held by her husband Dr. Pacholder.
(5) Includes 300 shares of common stock which may be acquired upon
conversion of Convertible Exchangeable Preferred Stock.
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<PAGE>
(6) Share amounts for Mr. W.E. Willoughby and Mr. W. Leib include
12,000 and 12,000 shares of common stock, respectively, that are
issuable upon exercise of stock options granted under the 1993
Stock Option Plan for Non-Employee Directors.
(7) Share amount includes 149,139 shares of common stock held jointly
with Mr. W.E. Willoughby's wife, Peggy S. Willoughby. Excludes
395,665 shares held by Mr. W.E. Willoughby's wife Peggy S.
Willioughby.
(8) Share amount excludes 149,139 shares of common stock held jointly
with Ms. P. Willoughby's husband, William E. Willoughby and
1,416,858 shares held by Ms. P. Willoughby's husband William E.
Willioughby.
(9) Share amounts for Mr. W.C. Willoughby and Ms. R. Willoughby
include 40,212 and 17,898 shares of common stock, respectively,
held as custodian for their minor child. Excludes 95,513 shares
of common stock held by Mr. W.C. Willoughby's wife Regina S.
Willoughby.
(10) Share amount includes 75,149 shares of common stock that are held
by Mr. Verhoeff's wife. Share amount also includes 10,000 shares
of common stock that are issuable upon exercise of stock options
under the 1995 Stock Option Plan and 40,000 shares of common
stock that are issuable upon exercise of stock options under the
1996 Stock Option Plan.
(11) Share amount includes 274 shares of common stock which may be
acquired upon the conversion of Convertible Exchangeable
Preferred Stock.
(12) Except as specifically set forth in the above notes, share
amounts exclude the shares of common stock of the Other
Shareholders that can be voted pursuant to the voting agreements
and irrevocable proxies described in Item 6.
(13) Includes 6,758 shares of common stock held by Ms. Stephens'
husband.
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<PAGE>
(c) The following trades were made through market transactions since the
filing of Amendment No. 15 to this Schedule 13D:
Purchase Number Price Per
Shareholder Date or Sale of Shares Share
- --------------------- ------- ------- --------- ---------
William E. Willoughby 8/14/97 Sale 2,500 5 9/16
William E. Willoughby 8/15/97 Sale 5,000 5 9/16
William E. Willoughby 8/15/97 Sale 5,000 5 5/8
William E. Willoughby 8/18/97 Sale 2,000 5 5/8
William E. Willoughby 8/21/97 Sale 10,000 5 7/8
William E. Willoughby 8/22/97 Sale 10,000 6 1/8
William E. Willoughby 8/25/97 Sale 5,000 6 3/8
William E. Willoughby 8/26/97 Sale 5,000 6 3/8
William E. Willoughby 8/26/97 Sale 5,000 6 9/16
William E. Willoughby 8/27/97 Sale 10,000 6 3/4
William E. Willoughby 9/4/97 Sale 1,500 6 1/2
William E. Willoughby 9/9/97 Sale 10,000 6 3/8
William E. Willoughby 9/11/97 Sale 4,100 6 3/8
William E. Willoughby 9/17/97 Sale 5,000 7
William E. Willoughby 9/24/97 Sale 5,000 7 3/8
William E. Willoughby 9/29/97 Sale 5,000 7 1/8
William C. Willoughby 8/4/97 Sale 5,000 5 3/8
William C. Willoughby 8/5/97 Sale 10,000 5 1/2
William C. Willoughby 8/6/97 Sale 17,000 6
William C. Willoughby 8/27/97 Sale 15,000 6 1/8
William C. Willoughby 8/28/97 Sale 10,000 6 7/16
William C. Willoughby 8/29/97 Sale 5,000 6 7/16
William C. Willoughby 9/2/97 Sale 10,000 6 3/4
William C. Willoughby 9/22/97 Sale 10,000 7
William C. Willoughby 9/29/97 Sale 5,000 7 1/4
William C. Willoughby 9/29/97 Sale 5,000 7 3/16
William C. Willoughby 10/3/97 Sale 8,500 7 5/8
William C. Willoughby 10/3/97 Sale 1,500 7 3/4
William C. Willoughby 10/3/97 Sale 5,000 7 3/4
William C. Willoughby 10/8/97 Sale 5,000 7 1/4
William C. Willoughby 10/8/97 Sale 1,000 7 7/8
William C. Willoughby 10/8/97 Sale 5,000 7
William C. Willoughby 10/23/97 Gift 1,000 0
In addition, on October 1, 1997, OP Limited Partnership, a limited
partnership of which Dr. Pacholder and Mr. Morgan are general partners,
distributed 204,380 shares of ICO Common Stock to its partners, including 21,224
shares of ICO Common Stock to PM Delaware, Inc. On November 5, 1997, OP Limited
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<PAGE>
Partnership distributed 78,372 shares of common stock which may be acquired upon
conversion of Convertible Exchangeable Preferred Stock Convertible Exchangeable
Preferred Stock to its partners, including 8,221 shares of Common Stock which
may be acquired upon conversion of Convertible Exchangeable Preferred Stock to
PM Delaware, Inc.
(d) None
(e) Not Applicable
After reasonable inquiry and to the best knowledge and belief of
the undersigned, it is hereby certified that the information set forth in this
statement is true, complete and correct.
Dated: December 12, 1997 /s/Dr. Asher O. Pacholder
----------------------------------------
Dr. Asher O. Pacholder, Individually and
As Attorney-in-Fact for:
Sylvia A. Pacholder
Robin E. Pacholder
William J. Morgan
Pacholder Associates, Inc.
P M Delaware, Inc.
William E. Willoughby
Peggy S. Willoughby
William C. Willoughby
Regina S. Willoughby
Theo J.M.L. Verhoeff
Catherine Willoughby Stephens
Walter L. Leib
