FORM 5 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[ ] Check this box if
no longer subject ----------------------------
to Section 16. OMB APPROVAL
Form 4 or Form 5 ----------------------------
obligations may OMB Number: 3325-0362
continue. See Expires: October 31, 2001
instruction 1(b) Estimated average burden
[ ] Form 3 Holdings hours per response . . . 1.0
Reported ----------------------------
[ ] Form 4 Filed pursuant to Section 16(a) of the Securities
Trans- Exchange Act of 1934, Section 17(a) of the Public
actions Utility Holding Company Act of 1935 or
Reported Section 30(f) of the Investment Company Act 1940
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1. Name and Address of 2. Issuer Name and 6. Relationship of Reporting
Reporting Person* Ticker or Trading Person to Issuer (check
Symbol all Applicable)
(AVGP) X Director 10% Owner
Weed Charles Edward Aviation Group, Inc. --- ---
------------------------- ---------------------- Officer Other
(Last) (First) (MI) --- ---
(Give title (specify below)
84 Spring Lake Way below)
-------------------------
###-##-#### June 2000
(Street ---------------------- ----------------------------
Shreveport, LA 71106 3. IRS or Soc. Sec. No. 4. Statement for Month/
------------------------- of Reporting Person Year
(City) (State) (Zip) (Voluntary)
---------------------- ----------------------------
5. If Amendment, Date of 7. Individual or Joint/Group
Original (Month/Year) Filing (Check Applicable
Line)
X Form filed by One
--- Reporting Person
Form filed by More
--- than One Reporting
Person
<TABLE>
<CAPTION>
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Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned
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<S> <C> <C> <C>
1. Title of Security 2. Transaction 3. Transaction 4. Security Acquired (A)
(Inst.3) Date Code or Disposed of (D)
(Month/ (Instr.8) (Inst.3, 4 & 5)
Day/Yr) ----------------------------------------
(A)
Code V Amount (D) Price
$.01 Common Stock(1) 3/31/00 M 3,844 A $3.00
------------------------ ------------- ------ ----- ------------- --- -------
$.01 Common Stock(1) 3/31/00 M 11,575 A $4.50
------------------------ ------------- ------ ----- ------------- --- -------
$.01 Common Stock 4/22/00 S 15,419 D $1.71
------------------------ ------------- ------ ----- ------------- --- -------
------------------------ ------------- ------ ----- ------------- --- -------
------------------------ ------------- ------ ----- ------------- --- -------
------------------------ ------------- ------ ----- ------------- --- -------
<PAGE>
<CAPTION>
<S> <C> <C>
5. Amount of Securities 6. Ownership Form 7. Nature of Indirect
Beneficially Owned at Direct (D) or Beneficial Ownership
at End of Month Indirect (I) (Inst. 4)
(Inst. 3 & 4)
D
------------------------ ----------------------------- -------------------------
D
------------------------ ----------------------------- -------------------------
75,283 D
------------------------ ----------------------------- -------------------------
------------------------ ----------------------------- -------------------------
------------------------ ----------------------------- -------------------------
Reminder: Report on a separate line for each class securities owned directly or
indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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Table II - Derivative Securities Acquired, Disposed of,
Beneficially Owned (e.g., puts, calls, warrants,
options, convertible security)
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<S> <C> <C> <C>
1. Title of 2. Conversion 3. Transaction 4. Transaction
Derivative or Exercise Date (Month Code
Security Price of (Day/Year) (Instr. 8)
(Instr.3) Derivative
Security
Convertible Note $3.00 3-31-00 M
------------------- -------------------- --------------------- --------------
Convertible Note $4.50 3-31-00 M
------------------- -------------------- --------------------- --------------
Warrants
------------------- -------------------- --------------------- --------------
------------------- -------------------- --------------------- --------------
------------------- -------------------- --------------------- --------------
<CAPTION>
<S> <C> <C>
5. Number of Derivative 6. Date Exercisable 7. Title & Amount of
Securities Acquired & Expiration Date Underlying Securities
(A) or Disposed of (D) (Mon./Day/Year) (Inst. 3 & 4)
(Instr. 3, 4 & 5)
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(A) (D) Date Expiration Title Amount or
Exercisable Date number of
Shares
All $.01 Common 3,844
------------ ------------ ----------- ----------- ----------- ------------
All $.01 Common 11,575
------------ ------------ ----------- ----------- ----------- ------------
------------ ------------ ----------- ----------- -------- ------------
------------ ------------ ----------- ----------- -------- ------------
<CAPTION>
<C> <C> <C> <C>
8. Price of Derviative 9. Number of Derivative Securities 10. Ownership Form of 11. Nature of Indirect
Security (Inst.5) Beneficially Owned at end of Derivative Security Beneficial
Month (Instr. 4) Dir. (D) or Ind. (I) Ownership (Instr.4)
0 D
---------------------- --------------------------------- ----------------------- -----------------------
0 D
---------------------- --------------------------------- ----------------------- -----------------------
70,000 D
---------------------- --------------------------------- ----------------------- -----------------------
---------------------- --------------------------------- ----------------------- -----------------------
---------------------- --------------------------------- ----------------------- -----------------------
---------------------- --------------------------------- ----------------------- -----------------------
</TABLE>
<PAGE>
Explination of Responses
(1) Represents shares obtained upon conversion of convertible notes held by Mr.
Weed for more than six months. The conversion was exempt under Rule 16b-3.
<TABLE>
<CAPTION>
<S> <C>
**Intentional misstatements or omissions of facts constitute Federal /s/ C.E. Weed 8/29/00
Crimminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- -------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collections of information contained
in this form are not required to respond unless the form displays a currently
valid OMD Number.
</TABLE>
