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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Wyant Corporation.
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
441069101
(CUSIP Number)
Donald C. MacMartin
Wood Wyant Inc.
1475 32nd Avenue
Lachine (Quebec) H8T 3J1
514-636-9926
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
With a copy to:
Kenneth E. Adelsberg, Esq.
Winthrop, Stimson, Putnam & Roberts
One Battery Park Plaza
New York, New York 10004-1490
(212) 858-1000
November 6, 1998
(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 that is the subject of this Schedule 13D, and is filing this
Schedule because of Rule 13d-1(e), (f) or (g), check the following: / /
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CUSIP NO. 441069101
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1) NAME OF REPORTING PERSON
Donald C. MacMartin
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
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3) SEC USE ONLY
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4) SOURCE OF FUNDS
PF
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
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6) CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF 7 SOLE VOTING POWER
SHARES 33,200 shares, plus rights to acquire an
additional 140,001 shares through exercise
of options
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH PERSON 9 SOLE DISPOSITIVE POWER
33,200 shares, plus rights to acquire an
additional 140,001 shares through exercise
of options
WITH 10 SHARED DISPOSITIVE POWER
0
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,200 shares, plus rights to acquire an additional 140,001
shares through exercise of options
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12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
N/A
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13) PERCENTAGE OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
7.08%
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14) TYPE OF REPORTING PERSON
IN
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AMENDMENT NO.1
TO
SCHEDULE 13D
The Items identified below are amended. Capitalized terms used herein
which have not been defined shall have the meaning ascribed to them in the
initial filing of the Schedule 13D dated November 18, 1997. On May 21, 1998 the
Company effected a 4 for 3 stock split. All numbers stated below reflect such
stock split.
Item 4. Purpose of Transaction.
The purpose of the acquisition of securities of the Company is
investment. In connection with his duties as President and Chief Executive
Officer of the Company, Mr. MacMartin has received options to purchase a total
of 140,001 shares of Common Stock. Currently, Mr. MacMartin holds 33,200 shares
of Common Stock, plus options to purchase an additional 140,001 shares of Common
Stock. Mr. MacMartin has no plans or proposals of the type described in Item 4.
Item 5. Interest in Securities of the Issuer.
(a) As of the close of business on November 6, 1998, Mr. MacMartin
beneficially owned 33,200 shares of Common Stock, and beneficially owned options
to purchase an additional 140,001 shares of Common Stock. The shares of Common
Stock owned by Mr. MacMartin, together with the additional shares of Common
Stock obtainable pursuant to the exercise of options held by Mr. MacMartin,
represent approximately 7.08% of the outstanding shares of Common Stock, based
on 2,273,817 shares of Common Stock outstanding, plus 140,001 shares of Common
Stock issuable pursuant to the exercise of the options held by Mr. MacMartin.
(b) Mr. MacMartin has sole power to direct the vote and the disposition
of the securities referenced in clause (a) above.
(c) Mr. MacMartin has not effected any transactions in Common Stock
during the past 60 days.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
shares of Common Stock.
(e) Not applicable.
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
\s\ Donald C. MacMartin
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Donald C. MacMartin
December 9, 1998
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