SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
to
Schedule 13D
Under the Securities Exchange Act of 1934
International Leisure Hosts, Ltd.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
459759 10 6
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(CUSIP Number)
F. Ray Evarts
1702 E. Highland, Suite 312, Phoenix, Arizona 85016
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 30, 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 [ ].
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 remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
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).
(Continued on following page(s))
<PAGE>
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CUSIP NO. 459759 10 6 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William S. Levine
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 17,500
OWNED BY ----------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 404,288
WITH ----------------------------------------
9 SOLE DISPOSITIVE POWER
17,500
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10 SHARED DISPOSITIVE POWER
404,288
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
421,788
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.7%
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14 TYPE OF REPORTING PERSON (See Instructions)
OO
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Page 2 of 7
<PAGE>
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CUSIP NO. 459759 10 6 13D Page 3 of 7 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
F. Ray Evarts
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 100
OWNED BY ----------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 404,288
WITH ----------------------------------------
9 SOLE DISPOSITIVE POWER
100
----------------------------------------
10 SHARED DISPOSITIVE POWER
404,288
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,388
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
OO
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Page 3 of 7
<PAGE>
Item 1. Security and Issuer
This Statement relates to Common Stock, par value $.01 per
share, of International Leisure Hosts, Ltd., a Wyoming
corporation (the "Issuer"). The principal executive offices of
the Issuer are located at 1702 E. Highland, Suite 312,
Phoenix, Arizona 85016.
Item 2. Identity and Background
This Statement is being filed by:
(a) William S. Levine and F. Ray Evarts.
(b) 1702 E. Highland, Suite 312, Phoenix, Arizona 85016.
(c) Mr. Levine is the Chairman of Outdoor Systems, Inc.
Mr. Evarts is a Director and the Secretary of
International Leisure Hosts, Ltd.
(d) To the best of each filing persons' knowledge, during
the last five years, none of the persons named in
this Item 2 has been convicted in a criminal
proceeding (excluding traffic violations or similar
misdemeanors).
(e) To the best of each filing persons' knowledge, during
the last five years, none of the persons named in
this Item 2 has been or is 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.
Item 3. Source and Amount of Funds or Other Consideration
Mr. Levine and Mr. Evarts serve as co-proxies (Mr. Evarts
having succeeded Mr. Sauder on August 22, 1997 and Mr. Sauder
and Mr. Levine having succeeded Mr. Lewinthal on March 12,
1997) to the following trusts organized under Arizona law:
1976 J.J. Fisher Trust, Elizabeth A. Nicoli Children's Trust
dated 12/12/74 FBO Joseph P. Nicoli, Elizabeth A. Nicoli
Children's Trust dated 12/12/74 FBO Susan Walker, Elizabeth A.
Nicoli Children's Trust dated 12/12/74 FBO Toni Jo Nicoli,
1992 Jennifer J. Walker Trust, 1992 Shawn D. Walker Trust,
1968 A.J. Nicoli Charitable Foundation and 1978 Nicoli
Children's Trust (collectively, the "Trusts"). The Trusts and
the Anthony J. Nicoli Trust dated 8/25/92 entered into a stock
purchase agreement dated September 23, 1997, but executed on
September 30, 1997 (the "Stock Purchase Agreement") with a
single purchaser to sell an aggregate of 471,669 common shares
for a total purchase price of approximately $3,500,000, of
which 67,381 shares (the
Page 4 of 7
<PAGE>
"Signing Shares") were purchased at the signing of the
agreement for $500,000. The balance of the purchase is subject
to certain third party approvals and contractual conditions.
Item 4. Purpose of Transaction
The purpose of the transaction was to effect a private sale of
the Signing Shares.
Item 5. Interest in Securities of the Issuer
(a) The aggregate number and percentage of the class and
securities identified pursuant to Item 1 beneficially
owned by each of Mr. Levine and Mr. Evarts include:
4,286 (0.6%) shares through Anthony J. Nicoli Trust
dated 8/25/92; 52,714 (7.6%) shares through 1976 J.
J. Fisher Trust; 33,447 (4.8%) shares through
Elizabeth A. Nicoli Children's Trust dated 12/12/74
FBO Joseph P. Nicoli; 33,447 (4.8%) through Elizabeth
A. Nicoli Children's Trust dated 12/12/74 FBO Susan
Walker; 33,447 (4.8%) shares through Elizabeth A.
Nicoli Children's Trust dated 12/12/74 FBO Toni Jo
Nicoli; 30,012 (4.3%) shares through 1992 Jennifer J.
Walker Trust; 47,156 (6.8%) shares through 1992 Shawn
D. Walker Trust; 79,743 (11.5) shares through 1968
A.J. Nicoli Charitable Foundation; and 90,036 (13%)
shares through 1978 Nicoli Children's Trust.
Effective August 27, 1997, Mr. Evarts also succeeded
Mr. Sauder as successor co-trustee of the first seven
of these trusts.
The aggregate number and percentage of the class and
securities identified pursuant to Item 1 beneficially
owned by Mr. Levine also includes 17,500 shares
(2.5%).
The aggregate number and percentage of the class and
securities identified pursuant to Item 1 beneficially
owned by Mr. Evarts also includes 100 shares (.1%).
(b) For Mr. Levine, the number of shares beneficially
owned with:
(i) Sole Voting Power - 17,500;
(ii) Shared Voting Power - 404,288;
(iii) Sole Dispositive Power - 17,500;
(iv) Shared Dispositive Power - 404,288
For Mr. Evarts, the number of shares beneficially
owned with:
(i) Sole Voting Power - 100;
(ii) Shared Voting Power - 404,288;
(iii) Sole Dispositive Power - 100;
(iv) Shared Dispositive Power - 404,288
Page 5 of 7
<PAGE>
(c) Other than the sale of the Signing Shares pursuant to
the Stock Purchase Agreement and the appointment of
Mr. Evarts as successor co-proxy to Mr. Sauder under
the Irrevocable Proxy Agreement dated February 1,
1995 on August 22, 1997, Mr. Levine and Mr. Evarts
have had no transactions in the class of securities
reported on during the past sixty days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Mr. Evarts and Mr. Levine are co-trustees and/or co-proxies
under the Irrevocable Proxy Agreement dated February 1, 1995,
and as such have the power to vote an aggregate of 404,288
shares of the Issuer's Common Stock held by the following
trusts organized under Arizona law: Anthony J. Nicoli Trust
dated 8/25/92, 1976 J.J. Fisher Trust, Elizabeth A. Nicoli
Children's Trust dated 12/12/74 FBO Joseph P. Nicoli,
Elizabeth A. Nicoli Children's Trust dated 12/12/74 FBO Susan
Walker, Elizabeth A. Nicoli Children's Trust dated 12/12/74
FBO Toni Jo Nicoli, 1992 Jennifer J. Walker Trust, 1992 Shawn
D. Walker Trust, 1968 A.J. Nicoli Charitable Foundation and
1978 Nicoli Children's Trust.
Item 7. Exhibits
* Stock Purchase Agreement, dated September 23, 1997.
* Incorporated by reference to Exhibit to Schedule 13D filed by Robert L. Walker
on October 9, 1997, as amended, with respect to the Securities of the Issuer.
Page 6 of 7
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
10/21/97
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Date
/s/ William S. Levine
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Signature
William S. Levine
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Name/Title
10/21/97
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Date
/s/ F. Ray Evarts
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Signature
F. Ray Evarts
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Name/Title
Page 7 of 7
