<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4 )*
------
RESOURCE RECYCLING TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock, $1.00 par value
-------------------------------------------------------------------------
(Title of Class of Securities)
760930-10-7
---------------------------------------------
(CUSIP Number)
Andrew T. Dwyer
532 Cantitoe Road
Bedford, New York 10506
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 21, 1995
-------------------------------------------------------
(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 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).
<PAGE>
SCHEDULE 13D
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CUSIP NO. 760930-10-7 PAGE 2 OF 14 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew T. Dwyer
S.S. No. ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 80,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 80,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
80,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
12 SHARES* [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 760930-10-7 PAGE 3 OF 14 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cynthia K. Dwyer
S.S. No. ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
12 SHARES* [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
-0-
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 760930-10-7 PAGE 4 OF 14 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nancy T. Dwyer, by Nancy Barrett, C/F Nancy T. Dwyer U/G/M/A NY
S.S. No. ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
-0-
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 760930-10-7 PAGE 5 OF 14 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Elizabeth K. Dwyer, by Nancy Barrett, C/F Elizabeth K. Dwyer U/G/M/A NY
S.S. No. 1779-68-8270
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
-0-
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 760930-10-7 PAGE 6 OF 14 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew K. Dwyer, by Nancy Barrett, C/F Andrew K. Dwyer U/G/M/A NY
S.S. No. ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -0-
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
-0-
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
AMENDMENT NO. 4 to SCHEDULE 13D
CUSIP NO. 760930-10-7 Page 7 of 14 Pages
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, $1.00 par value, of
Resource Recycling Technologies, Inc. The name and address of the
principal executive offices of the Issuer are:
Resource Recycling Technologies, Inc.
300 Plaza Drive
Vestal, New York 13850
ITEM 2. IDENTITY AND BACKGROUND
There are no changes in the response to this Item from the Schedule
13D filed on March 2, 1994.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
This Amendment No. 4 to Schedule 13D reports the sale by Andrew T.
Dwyer, a family trust of which Mr. Dwyer is a trustee and a beneficiary,
Cynthia K. Dwyer, Nancy T. Dwyer, Elizabeth K. Dwyer, and Andrew K. Dwyer,
of all shares of the Issuer's Common Stock owned by them (an aggregate of
187,700 shares), and also reports the vesting of non-qualified stock
options to purchase 40,000 shares of the Issuer's Common Stock previously
granted to Andrew T. Dwyer.
On April 21, 1995, as a result of a change of control of the Issuer,
non-qualified stock options previously granted to Andrew T. Dwyer to
purchase 40,000 shares of the Issuer's Common Stock became exercisable by
Mr. Dwyer and his beneficial ownership of such shares is reported herein
pursuant to Rule 13d-3(d)(1)(i). As a result of the vesting of options
reported herein, Mr. Dwyer will hold options to purchase an aggregate of
80,000 shares of the Issuer's Common Stock, all of which are fully
exercisable on April 21, 1995, at exercise prices ranging from $3.45 to
$5.25 per share. The aggregate exercise price to be paid if options to
purchase all 80,000 shares are exercised is $346,000. The total amount of
funds to be used to make the purchase of shares upon the exercise of the
options, if such options are exercised, will be obtained from personal
funds of the reporting person.
ITEM 4. PURPOSE OF TRANSACTION
This Amendment No. 4 reports the sale of shares and the vesting of
stock options. Otherwise, there are no changes in the response to this
Item from the Schedule 13D filed on March 2, 1994.
<PAGE>
AMENDMENT NO. 4 to SCHEDULE 13D
CUSIP NO. 760930-10-7 Page 8 of 14 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the close of business on April 21, 1995, Andrew T. Dwyer,
by virtue Rule 13(d)(1)(i), may be deemed to own beneficially an aggregate
of 80,000 shares of the Issuer's Common Stock, all of which shares are
issuable upon the exercise of stock options granted to Mr. Dwyer that are
exercisable on such date. Assuming the exercise of all such stock options,
Mr. Dwyer would beneficially own 2.9% of the Issuer's Common Stock.
Cynthia K. Dwyer may be deemed to own beneficially the shares owned by
Andrew T. Dwyer, Mrs. Dwyer's husband. Mrs. Dwyer disclaims beneficial
ownership of such shares. As of the close of business on April 21, 1995,
Cynthia K. Dwyer does not own any other shares of the Issuer's Common
Stock.
As of the close of business on April 21, 1995, Nancy T. Dwyer,
Elizabeth K. Dwyer and Andrew K. Dwyer no longer beneficially own any
shares of the Issuer's Common Stock.
(c) On April 21, 1995, pursuant to a cash tender offer to purchase all
shares of the Issuer's Common Stock that was commenced on March 23, 1995,
WMI Acquisition Sub, Inc. ("WMI Acquisition"), a wholly owned subsidiary of
Waste Management, Inc., purchased an aggregate of 187,700 shares (the
"Dwyer Shares") of the Issuer's Common Stock from Andrew T. Dwyer, a family
trust of which Mr. Dwyer is a trustee and a beneficiary, Cynthia K. Dwyer,
Nancy T. Dwyer, Elizabeth K. Dwyer and Andrew K. Dwyer, for a cash purchase
price of $11.50 per share.
The shares of the Issuer's Common Stock sold by the reporting persons
hereunder were sold in accordance with the terms of a Stock Tender
Agreement dated as of March 17, 1995, among WMI, WMI Acquisition and
Andrew T. Dwyer (the "Tender Agreement"), which Tender Agreement was
reported in Amendment No. 3 to Schedule 13D, filed on March 22, 1995.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
The tender offer by WMI Acquisition pursuant to which the Dwyer Shares
were sold to WMI Acquisition was made in accordance with the terms and
conditions of an Agreement and Plan of Merger dated as of March 17, 1995
(the "Merger Agreement") among the Issuer, WMI and WMI Acquisition.
Pursuant to the Merger Agreement, at the time of the Merger, Mr. Dwyer,
along with all other holders of outstanding stock options to purchase
shares of the Issuer's Common Stock, will be entitled to receive a cash
<PAGE>
AMENDMENT NO. 4 to SCHEDULE 13D
CUSIP NO. 760930-10-7 Page 9 of 14 Pages
payment from the Issuer in an amount equal to the excess of the per share
price paid to holders of the Issuer's Common Stock pursuant to the Merger
($11.50 per share) over the per share exercise price of the stock options,
times the number of shares of the Issuer's Common Stock to be issued upon
the exercise of such stock options, in full settlement of the stock
options.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Stock Tender Agreement, dated as of March 17, 1995,
among Waste Management, Inc., WMI Acquisition Sub,
Inc., and Andrew T. Dwyer, incorporated by reference
from Amendment No. 3 to Schedule 13D filed on March
22, 1995.
<PAGE>
AMENDMENT NO. 4 to SCHEDULE 13D
CUSIP NO. 760930-10-7 Page 10 of 14 Pages
SIGNATURE
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.
Date: April 21, 1995
/S/ ANDREW T. DWYER
---------------------------------
ANDREW T. DWYER
<PAGE>
AMENDMENT NO. 4 TO SCHEDULE 13D
CUSIP NO. 760930-10-7 PAGE 11 OF 14 PAGES
SIGNATURE
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.
Date: April 21, 1995
/S/ CYNTHIA K. DWYER
------------------------------
CYNTHIA K. DWYER
<PAGE>
AMENDMENT NO. 4 TO SCHEDULE 13D
CUSIP NO. 760930-10-7 PAGE 12 OF 14 PAGES
SIGNATURE
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.
Date: April 21, 1995
/S/ NANCY BARRETT, C/F NANCY T. DWYER
-------------------------------------
NANCY BARRETT, C/F NANCY T. DWYER
U/G/M/A NY
<PAGE>
AMENDMENT NO. 4 TO SCHEDULE 13D
CUSIP NO. 760930-10-7 PAGE 13 OF 14 PAGES
SIGNATURE
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.
Date: April 21, 1995
/S/ NANCY BARRETT, C/F ELIZABETH K. DWYER
---------------------------------------------
NANCY BARRETT, C/F ELIZABETH K. DWYER
U/G/M/A NY
<PAGE>
AMENDMENT NO. 4 TO SCHEDULE 13D
CUSIP NO. 760930-10-7 PAGE 14 OF 14 PAGES
SIGNATURE
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.
Date: April 21, 1995
/S/ NANCY BARRETT, C/F ANDREW K. DWYER
--------------------------------------
NANCY BARRETT, C/F ANDREW K. DWYER
U/G/M/A NY
