SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
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)
Mark Sauder
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)
August 22, 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 489,169
WITH ----------------------------------------
9 SOLE DISPOSITIVE POWER
17,500
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10 SHARED DISPOSITIVE POWER
489,169
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
489,169
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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)
70.4%
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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 471,769
WITH ----------------------------------------
9 SOLE DISPOSITIVE POWER
100
----------------------------------------
10 SHARED DISPOSITIVE POWER
471,769
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
471,769
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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)
67.9%
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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) Mark G. Sauder, William S. Levine and F. Ray Evarts.
(b) 1702 E. Highland, Suite 312, Phoenix, Arizona 85016.
(c) Mr. Sauder has resigned, effective as of August 5,
1997, as Chief Financial Officer, Secretary and
Treasurer of International Leisure Hosts, Ltd.
Mr. Levine is the Chairman of Outdoor Systems, Inc.
Mr. Evarts is a Director, and the Secretary and
Treasurer, 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
On March 12, 1997 Paul Lewinthal resigned from his position,
pursuant to that certain Irrevocable Proxy Agreement dated
February 1, 1995 (the "Proxy Agreement"), as proxy, and Mr.
Sauder and Mr. Levine were named successor co-proxies, to the
following trusts organized under Arizona law: 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, the A.J. Nicoli
Charitable Foundation and the 1978 Nicoli Children's Trust
(collectively, the
Page 4 of 7
<PAGE>
"Trusts"). On August 22, 1997, Mr. Sauder resigned, pursuant
to the Proxy Agreement, as co-proxy for the Trusts, and Mr.
Evarts was named as the successor co-proxy under the Proxy
Agreement to serve with Mr. Levine. Neither the grant nor the
withdrawal of proxy power involved any exchange of
consideration.
Item 4. Purpose of Transaction
The purpose of the appointment of Mr. Evarts was to appoint a
successor co- proxy to Mr. Sauder under the Proxy Agreement.
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:
61,500 (8.8%) shares through J. J. Fisher Trust;
39,021 (5.6%) through the Elizabeth A. Nicoli
Children's Trust dated 12/12/74 FBO Joseph P. Nicoli;
39,021 (5.6%) through the Elizabeth A. Nicoli
Children's Trust dated 12/12/74 FBO Susan Walker;
39,022 shares (5.6%) through the Elizabeth A. Nicoli
Children's Trust dated 12/12/74 FBO Toni Jo Nicoli;
35,014 shares (5.0%) through the 1992 Jennifer J.
Walker Trust; 55,015 shares (7.9%) through the 1992
Shawn D. Walker Trust; 93,034 shares (13.4%) through
the A.J. Nicoli Charitable Foundation; and 105,042
shares (15.1%) through the 1978 Nicoli Children's
Trust. Effective August 27, 1997, Mr. Evarts also
succeeded Mr. Sauder as successor co-trustee of the
first six of these trusts, and, separately, as
co-trustee of the Anthony J. Nicoli Trust, which
holds 5,000 (less than 1%) shares of Common Stock of
the Issuer.
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%).
Effective August 5, 1997, Mr. Sauder has no
beneficial ownership of the Common Stock, par value
$.01 per share, of the Issuer.
(b) For Mr. Sauder, the number of shares beneficially
owned with:
(i) Sole Voting Power - 0;
(ii) Shared Voting Power - 0;
(iii) Sole Dispositive Power - 0;
(iv) Shared Dispositive Power - 0
Page 5 of 7
<PAGE>
For Mr. Levine, the number of shares beneficially
owned with:
(i) Sole Voting Power - 17,500;
(ii) Shared Voting Power - 489,169;
(iii) Sole Dispositive Power - 17,500;
(iv) Shared Dispositive Power - 489,169
For Mr. Evarts, the number of shares beneficially
owned with:
(i) Sole Voting Power - 100;
(ii) Shared Voting Power - 471,769;
(iii) Sole Dispositive Power - 100;
(iv) Shared Dispositive Power - 471,769
(c) Other than 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. Sauder, 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. Sauder has resigned as, and Mr. Evarts has succeeded Mr.
Sauder as, a successor co-proxy with Mr. Levine under the
Irrevocable Proxy Agreement dated February 1, 1995, and as
such have the power to vote an aggregate of 466,669 shares of
the Issuer's Common Stock held by following trusts organized
under Arizona law: 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, the A.J. Nicoli Charitable Foundation and the
1978 Nicoli Children's Trust.
Item 7. Exhibits
Exhibit 1 Resignation of Mark G. Sauder, dated
August 5, 1997, under the Irrevocable Proxy
Agreement dated February 1, 1995 and
appointment of F. Ray Evarts as successor
co-proxy.
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.
September 5, 1997
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Date
/s/ William S. Levine
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Signature
William S. Levine
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Name/Title
September 5, 1997
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Date
/s/ Mark G. Sauder
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Signature
Mark G. Sauder
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Name/Title
September 5, 1997
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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
Exhibit 1
RESIGNATION OF PROXY
I, Mark G. Sauder, effective August 22, 1997, do hereby resign as the Co-Proxy
under the Irrevocable Proxy Agreement dated February 1, 1995 (the "Proxy
Agreement"). Pursuant to the Proxy Agreement, F. Ray Evarts is hereby named as
successor Co-Proxy.
Signed:
/s/ Mark G. Sauder
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Mark G. Sauder, Co-Proxy under The
Irrevocable Proxy Agreement dated
February 1, 1995
State of Arizona )
) ss.
County of Maricopa )
Subscribed and sworn to before me, the undersigned Notary Public, came Mark G.
Sauder as Co-Proxy under the Irrevocable Proxy Agreement dated February 1, 1995,
and executed this Agreement this 22nd day of August, 1997.
/s/ Jimmie Kay Wray
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Notary Public
The following undersigned hereby agree to act as successor Co-Proxy under the
Proxy Agreement effective on August 22, 1997.
/s/ F. Ray Evarts
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F. Ray Evarts
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