<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D/A
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)
(AMENDMENT NO. 3)*
flightserv.com
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(Name of Issuer)
Common Stock, $.04 par value per share
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(Title of Class of Securities)
74266 K307
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(CUSIP Number)
Edward J. Hardin
Rogers & Hardin, LLP
2700 International Tower, Peachtree Center
229 Peachtree Street, N.E.
Atlanta, Georgia 30303-1601
Tel No.: 404-522-4700
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 12, 2000
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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(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7 for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
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*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 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> 2
SCHEDULE 13D
CUSIP NO. 74266K307 PAGE 2 OF 5 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C. Beverly Lance
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX 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
------------------------- ------- --------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 700,000 (1)
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------- --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
------- --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
700,000 (1)
------- --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,000 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
</TABLE>
<PAGE> 3
CUSIP NO. 74266K307 PAGE 3 OF 5 PAGES
<TABLE>
<S> <C>
---------- -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.07%
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14 TYPE OF REPORTING PERSON*
IN
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(1) Includes 700,000 shares which the Reporting Person has the
right to acquire pursuant to immediately exercisable options
granted to the Reporting Person.
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1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lance Children's Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX 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
------------------------- ------- --------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
------- --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
------- --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------- --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------- -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
</TABLE>
<PAGE> 4
CUSIP NO. 74266K307 PAGE 4 OF 5 PAGES
<TABLE>
<S> <C>
---------- -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
---------- -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
---------- -------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
AMENDMENT NO. 3 TO SCHEDULE 13D
This Amendment No. 3 to Schedule 13D relates to the shares of common
stock, $0.04 par value per share (the "Common Stock"), of flightserv.com (the
"Company"). Items 1,4 and 5 of the Schedule 13D filed by C. Beverly Lance and
the Lance Children's Trust are amended as set forth below.
ITEM 1. SECURITY AND ISSUER
The title of the class of equity securities to which this Schedule
relates is common stock, $0.04 par value per share ("Common Stock"), issued by
flightserv.com (the "Company"), the principal executive offices of which are
located at 3343 Peachtree Road, N.E., Suite 530, Atlanta, Georgia 30326.
ITEM 4. INTEREST IN SECURITIES OF THE ISSUER
Item 5(e) is added and Items 5(a) and 5(b) are amended to include the
following language:
(a)-(b) C. Beverly Lance may be deemed to be the beneficial
owner of 700,000 shares of Common Stock (approximately 2.07%),
700,000 of such shares are shares which Mr. Lance has the
right to acquire pursuant to immediately exercisable options
granted to him to acquire shares from the Company. Mr. Lance's
children are beneficiaries of the HJR Trust, which is a 50%
partner in K&L Partnership ("K&L"), a Georgia general
partnership, which owns 688,000 shares of the Company's Common
Stock. The HJR Trust's sole trustee is C. Frank Moore and
neither Mr. Lance nor the Lance Children's Trust (Mr. Lance's
children are the beneficiaries of the Lance Children's Trust
and Mr. Lance is the sole trustee thereof) has the power to
vote or dispose of any shares beneficially owned by the HJR
Trust. As a result, both Mr. Lance and the Lance Children's
Trust disclaim beneficial ownership of any shares beneficially
owned by the HJR Trust. In addition to the 700,000 shares
issuable upon the exercise of options which are currently
exercisable, Mr. Lance holds options to acquire an additional
3,700,000 shares which are subject to stockholder approval.
Upon receipt of stockholder approval, such shares will become
immediately exercisable. The percentage of outstanding shares
of Common Stock owned by C. Beverly Lance has been computed
based on the total outstanding shares of Common Stock as of
June 9, 2000 as indicated in the Company's Proxy Statement
filed on June 19, 2000, plus the 700,000 shares that are
issuable upon the exercise of immediately exercisable options
and are not currently outstanding. The percentage of
outstanding shares of Common Stock owned by the Lance
Children's Trust has been computed based on the total
outstanding shares of Common Stock as of June 9, 2000 as
indicated in the Company's Proxy Statement filed on June 19,
2000.
Item 5(c) is amended to add the following paragraph:
<PAGE> 5
CUSIP NO. 74266K307 PAGE 5 OF 5 PAGES
On July 12, 2000, the Lance Children's Trust gifted
2,269,000 shares of the Common Stock to Chastain Horse Park,
Ltd., a 501(c)(3) Non-Profit Organization. The closing price
of the Common Stock on the American Stock Exchange on the date
of the gift was $0.4375.
Item 5(e) is added as follows:
(e) As a result of the above transaction on July 12, 2000 C.
Beverly Lance ceased to be the beneficial owner of more than
five percent of the shares of Common Stock. Also as a result
of the above transaction on July 12, 2000 the Lance Children's
Trust ceased to be the beneficial owner of more than five
percent of the shares of Common Stock.
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.
Dated: August 1, 2000 By: /s/ C. Beverly Lance
--------------------------------
C. Beverly Lance
LANCE CHILDREN'S TRUST
Dated: August 1, 2000 By: /s/ C. Beverly Lance
--------------------------------
C. Beverly Lance
