UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Image Software, Inc.
(Name of Issuer)
Common Stock, $.004 par value)
(Title of Class of Securities)
45244 M 102
(CUSIP Number)
S. Lee Terry, Jr.
Gorsuch Kirgis L.L.C.
1401 17th Street, Suite 1100
Denver, Colorado 80202
(303) 299-8913
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 24, 1995
(Date of Event which Requires Filing of this Statement)
CUSIP No. 45244 M 102
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
David R. DeYoung
2) Check the Appropriate Box if a Member of a Group*
(a)
(b)
3) SEC USE ONLY
4) Source of Funds
PF
5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6) Citizenship or Place of Organization
U.S.
Number of Shares 7) Sole Voting Power 456,331
Beneficially Owned 8) Shared Voting Power 8,940
By Each Reporting 9) Sole Dispositive Power 456,331
Person With 10) Shares Dispositive
Power 8,940
11) Aggregate Amount Beneficially Owned by Each Reporting Person
465,271
12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13) Percent of Class Represented by Amount in Row (11)
22.0%
14) Type of Reporting Person
IN
AMENDMENT NO. 2 TO
SCHEDULE 13D FOR
DAVID R. DEYOUNG
Item 1 Security and Issuer
(a) $.004 par value Common Stock (the "Shares") of Image Software,
Inc., 6486 S. Quebec Street, Englewood, Colorado 80111
Item 2 Identity and Background
(a) Name: David R. DeYoung
(b) Business 6486 S. Quebec Street
Address: Englewood, Colorado 80111
(c) Occupation: President, Chief Executive Officer and
Director
Image Software, Inc.
6486 S. Quebec Street
Englewood, Colorado 80111
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: U.S.
Item 3 Source and Amount of Funds or Other Consideration
Securities acquired August 24, 1995 represent options to
purchase Shares. The Compensation Committee of the Board of
Directors granted Mr. DeYoung options to purchase 150,000 Shares
with an exercise price of $1.125 per Shares.
Item 4 Purpose of Transaction
The options were granted to Mr. DeYoung as part of his total
compensation package for services as President of the Company.
Item 5 Interest in Securities of the Issuer
(a) In the undersigned's last filing, he reported sole voting
power as to 332,883 Shares. As of January 5, 1996, the
undersigned beneficially owns 465,271 Shares (22.0% of the
outstanding Shares based on the 1,932,934 Shares reported to be
outstanding on September 30, 1995 in the Issuer's Quarterly
Report on Form 10-Q for the fiscal quarter ended September 30,
1995) of which 157,375 are stock options and 100,000 are Class A
Warrants exercisable within 60 days of January 5, 1996. In
addition, the undersigned indirectly owns 8,940 Shares because
he owns 11.75% of Comlease, a Colorado general partnership,
which directly owns 76,086 Shares. Excludes the following held
by spouse as to which beneficial ownership is disclaimed by the
undersigned: 125 Shares owned directly and 4,800 stock options
exercisable within 60 days of January 5, 1996.
(b) (i) 456,331;
(ii) 8,940;
(iii) 456,331;
(iv) 8,940.
(c) (i) December 31, 1994: Software Development and Sales
Company merged into Comlease and percentage of
ownership increased from 11% to 11.75% thereby
increasing indirect ownership by 571 shares;
(ii) March 9, 1995: Due to adjustments to the number of
Shares in the Company's Profit Sharing Plan, the
amount held by the undersigned was determined to be
negligible and therefore reduced by 18,183 Shares; and
(iii) August 24, 1995: Compensation Committee of the Board
of Directors made a grant of 150,000 options to
purchase Common Stock exercisable at $1.125 per share.
(d) None.
(e) Not Applicable.
Item 6 Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
None
Item 7 Material to Be Filed as Exhibits
Schedule 13D dated June 6, 1989
Amendment No. 1 to Schedule 13D dated February 1, 1994
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: January 31, 1996 /s/ David R. DeYoung
David R. DeYoung
EXHIBIT A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Information Solutions, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
456906-10-9
(CUSIP Number)
J. Robert Brown, Jr., Holland & Hart
555 Seventeenth Street, Suite 2900
Denver, Colorado 80202
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 6, 1989
(Date of Event which Requires Filing
of this Statement)
CUSIP No. 456906-10-9
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
David R. DeYoung
2) Check the Appropriate Box if a Member of a Group*
(a)
(b)
3) SEC USE ONLY
4) Source of Funds
PF
5) Check Box if Disclosure of Legal Proceedings Required Pursuant to
Items 2(d) or 2(e)
6) Citizenship or Place of Organization
Colorado
Number of Shares 7) Sole Voting Power 419,202
Beneficially Owned 8) Shared Voting Power 45,000
By Each Reporting 9) Sole Dispositive Power 419,202
Person With 10) Shared Dispositive
Power 45,000
11) Aggregate Amount Beneficially Owned by Each Reporting Person
464,202
12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13) Percent of Class Represented by Amount in Row (11)
14%
14) Type of Reporting Person
IN
Item 1. Security and Issuer.
The class of equity securities to which this statement relates is
shares of common stock, par value $.001 per share ("Shares") of
Information Solutions, Inc. The principal executive offices of
Information Solutions are located at 6486 South Quebec Street, Englewood,
Colorado 80111.
Item 2. Identity and Background.
This statement is being filed by David R. DeYoung. Mr. DeYoung's
business address is 6486 South Quebec Street, Englewood, Colorado 80111.
His principal occupation is President and CEO of Information Solutions,
Inc., the principal offices of which are located at 6486 South Quebec
Street, Englewood, Colorado 80111. Mr. DeYoung is a citizen of the United
States.
On May 19, 1989, an injunction was entered against Mr. DeYoung by the
Federal District Court of Colorado for violations of Section 13(a) and for
aiding and abetting violations of Section 13(b)(2) of the Securities
Exchange Act of 1934 and rules thereunder. In consenting to the
injunction, Mr. DeYoung neither admitted nor denied the charges.
Item 3. Source and Amount of Funds or Other Consideration.
The funds used for this transaction were personal. No portion of the
consideration was borrowed.
Item 4. Purpose of Transaction.
The Shares purchased by Mr. DeYoung have been acquired for investment
purposes. Mr. DeYoung believes that the Shares represents an attractive
investment opportunity at this time. Mr. DeYoung may make additional
purchases of Shares either in the open market or in private transactions
depending upon the price and availability of Shares, an evaluation of the
business, prospects and financial condition of Information Solutions, the
market for the Shares, other opportunities available to Mr. DeYoung,
general economic conditions, money and stock market conditions and other
future developments. Depending on these factors, Mr. DeYoung may decide
to sell all or part of its investment in the Shares, although he has no
current intention of doing so.
Item 5. Interest in Securities of the Issuer.
As of June 15, 1989, Mr. DeYoung beneficially owns 419,202 Shares,
representing approximately 13% of the outstanding Shares. Mr. DeYoung has
the sole power to vote and to dispose of all such Shares. In addition,
certain family members hold options to acquire an additional 45,000
Shares. While these options are included in the total number of Shares
attributed to Mr. DeYoung, this shall not be construed as an admission
that he is the beneficial owner of such Shares. See Rule 13d-4, 14 C.F.R.
Section 240.13d-4.
The only transaction in the Shares by Mr. DeYoung during the past 60
days was the acquisition of 74,957 Shares on June 6, 1989 at an average
per share price of $0.16.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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: June 15, 1989
By:/s/ David R. DeYoung
David R. DeYoung
EXHIBIT B
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Image Software, Inc. f/k/a Information Solutions, Inc.
(Name of Issuer)
Common Stock, $.004 par value)
(Title of Class of Securities)
45244 M 102
(CUSIP Number)
S. Lee Terry, Jr.
Gorsuch Kirgis L.L.C.
1401 17th Street, Suite 1100
Denver, Colorado 80202
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 1, 1994
(Date of Event which Requires Filing of this Statement)
CUSIP No. 45244 M 102
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
David R. DeYoung
2) Check the Appropriate Box if a Member of a Group*
(a)
(b)
3) SEC USE ONLY
4) Source of Funds
PF
5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6) Citizenship or Place of Organization
U.S.
Number of Shares 7) Sole Voting Power 306,311
Beneficially Owned 8) Shared Voting Power 26,552
By Each Reporting 9) Sole Dispositive Power 306,311
Person With 10) Shares Dispositive
Power 26,552
11) Aggregate Amount Beneficially Owned by Each Reporting Person
332,883
12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13) Percent of Class Represented by Amount in Row (11)
17.0%
14) Type of Reporting Person
IN
AMENDMENT NO. 1 TO
SCHEDULE 13D FOR
DAVID R. DEYOUNG
Item 1 Security and Issuer
(a) $.004 par value Common Stock (the "Shares")(as adjusted for the
Issuer's reverse stock split, see Item 5 below) of Image
Software, Inc., formerly known as Information Solutions, Inc.,
6486 S. Quebec Street, Englewood, Colorado 80111
Item 2 Identity and Background
(a) Name: David R. DeYoung
(b) Business 6486 S. Quebec Street
Address: Englewood, Colorado 80111
(c) Occupation: President, Chief Executive Officer and
Director
Image Software, Inc.
6486 S. Quebec Street
Englewood, Colorado 80111
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: U.S.
Item 3 Source and Amount of Funds or Other Consideration
Personal Funds
Item 4 Purpose of Transaction
The Shares purchased by the undersigned have been acquired for
investment purposes. Although the undersigned may make
additional purchases or sales of Shares either in the open
market or in private transactions depending upon the price and
availability of Shares, an evaluation of the business, prospects
and financial condition of the Issuer, the market for the
Shares, and other opportunities available to the undersigned, he
does not have any present plans or proposals to effect
substantial changes in the business, organization, form or
control of the Issuer.
Item 5 Interest in Securities of the Issuer
(a) In the undersigned's last filing, he reported sole voting
power as to 419,202 Shares. As of January 31, 1995, the
undersigned beneficially owns 334,883 Shares (17.0% of the
outstanding Shares based on the 1,864,272 Shares reported to be
outstanding on September 30, 1994 in the Issuer's Quarterly
Report on Form 10-Q for the fiscal quarter ended September 30,
1994) of which 7,375 are stock options and 100,000 are Class A
Warrants exercisable within 60 days of January 31, 1995. In
addition, the undersigned indirectly owns 8,369 Shares because
he owns 11% of Comlease (formerly Software Development and Sales
Company), a Colorado general partnership, which directly owns
76,086 Shares, and the undersigned indirectly owns 18,183 Shares
under the Issuer's Cash or Deferred Profit Sharing Plan (the
"Plan"). Excludes the following held by spouse as to which
beneficial ownership is disclaimed by the undersigned: 125
Shares owned directly, 4,800 stock options exercisable within 60
days of January 31, 1995 and indirect ownership of 3,049 Shares
under the Plan.
(b) (i) 306,331;
(ii) 26,552;
(iii) 306,331;
(iv) 26,552.
(c) (i) April 24, 1992: pursuant to a court judgment, the
undersigned transferred 45,420 Shares;
(ii) July 15, 1992: conversion of 10,791 shares of Series
1985 Preferred Stock for 21,582 Shares;
(iii) March 24, 1993: The Issuer declared a 1-for-4 reverse
stock split of its Shares and changed the par value
thereof from $.01 per Share to $.004 per Share;
(iv) May 28, 1993: grant of stock options to purchase
5,375 Shares;
(v) November 29, 1993: issuance of Convertible Promissory
Note by the Issuer convertible into Shares;
(vi) February 1, 1994: issuance of Class A Warrants by the
Issuer exercisable for 100,000 Shares;
(vii) July 25, 1994: conversion of Convertible Promissory
Note for 111,112 Shares;
(viii) August 17, 1994: open market sale of 10,000 Shares;
and
(ix) December 15, 1994: grant of stock options to purchase
2,000 Shares.
(d) None.
(e) Not Applicable.
Item 6 Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
None
Item 7 Material to Be Filed as Exhibits
None
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: February 17, 1995 /s/ David R. DeYoung
David R. DeYoung
