SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 3
to
Schedule 13D
Under the Securities Exchange Act of 1934
International Leisure Hosts, Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
459759 10 6
- --------------------------------------------------------------------------------
(CUSIP Number)
F. Ray Evarts
1702 E. Highland, Suite 312, Phoenix, Arizona 85016
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 24, 1997
- --------------------------------------------------------------------------------
(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>
- ----------------------------- -------------------------
CUSIP NO. 459759 10 6 13D Page 2 of 6 Pages
- ----------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William S. Levine
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 24,733
BENEFICIALLY ---------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ---------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 24,733
---------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,733
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.56%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
Page 2 of 6 Pages
<PAGE>
- ----------------------------- -------------------------
CUSIP NO. 459759 10 6 13D Page 3 of 6 Pages
- ----------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
F. Ray Evarts
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 100
BENEFICIALLY ---------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ---------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 100
---------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than one percent
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
Page 3 of 6 Pages
<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 served, until the date of this report, 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
Page 4 of 6 Pages
<PAGE>
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 were purchased at the signing of
the agreement for $500,000. The balance of the purchase closed on
November 24, 1997.
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 Mr. Levine is 24,733 shares (3.56%).
The aggregate number and percentage of the class and
securities identified pursuant to Item 1 beneficially owned
by Mr. Evarts is 100 shares (less than 1%).
(b) For Mr. Levine, the number of shares beneficially owned
with:
(i) Sole Voting Power - 24,733;
(ii) Shared Voting Power - 0;
(iii) Sole Dispositive Power - 24,733;
(iv) Shared Dispositive Power - 0
For Mr. Evarts, the number of shares beneficially owned
with:
(i) Sole Voting Power - 100;
(ii) Shared Voting Power - 0;
(iii) Sole Dispositive Power - 100;
(iv) Shared Dispositive Power - 0
(c) Other than the sale of the shares pursuant to the Stock
Purchase Agreement and a purchase of 7,233 shares by Levine
Investments LP on November 10, 1997 (of which shares Mr.
Levine is the beneficial owner), 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
Not applicable.
Page 5 of 6 Pages
<PAGE>
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 6 Pages
<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.
12/9/97
- ------------------------------------
Date
/s/ William S. Levine
- ------------------------------------
Signature
William S. Levine
- ------------------------------------
Name/Title
12/9/97
- ------------------------------------
Date
/s/ F. Ray Evarts
- ------------------------------------
Signature
F. Ray Evarts
- ------------------------------------
Name/Title
Page 7 of 6 Pages
