SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Marine Transport Corporation
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(Name of Issuer)
Common Stock, par value $.50
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(Title of Class of Securities)
567912 10 0
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(CUSIP Number)
Louis J. Bevilacqua, Esq., Cadwalader, Wickersham & Taft, 100 Maiden Lane,
New York, NY 10038
(212) 504-6000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 25, 1999
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 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(b) 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 pages)
(Page 1 of 5 Pages)
CUSIP NO. 567912 10 0
<PAGE>
SCHEDULE 13D
CUSIP No. 567912 10 0 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth E. Jones
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|x|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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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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7 SOLE VOTING POWER
77,483
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 426,666
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 77,483
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
426,666
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
504,149
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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)
7.69%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
CUSIP No. 567912 10 0 Page 3 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Signe Kim Lauridsen-Jones
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|x|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
00
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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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7 SOLE VOTING POWER
0
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 426,666
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
426,666
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
426,666
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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)
6.50%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
CUSIP No. 567912 10 0 Page 4 of 5 Pages
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SCHEDULE 13D
AMENDMENT NO. 1
INTRODUCTION
This Amendment No. 1 relates to the Schedule 13D originally filed on
behalf of Kenneth E. Jones ("Mr. Jones") and Signe Kim Lauridsen-Jones ("Ms.
Lauridsen-Jones") with the Securities and Exhange Commission on August 21,
1998. The text of Items 3 and 5 of the Schedule 13D is hereby amended as
follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On October 18, 1999, the Seahawk Trust acquired 50,000 shares of the
Common Stock in open market transactions for cash at a price of $2.9575 per
share.
On October 25, 1999, the Seahawk Trust acquired 50,000 shares of the
Common Stock in open market transactions for cash at a price of $2.9575 per
share.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of October 28, 1999, the Corporation had issued and
outstanding 6,555,368 shares of Common Stock.
Mr. Jones is the beneficial owner of 504,149 shares of the Common
Stock or 7.69% of the outstanding shares of Common Stock. As a trustee of the
Seahawk Trust, Ms. Lauridsen-Jones may be deemed to be beneficial owner 426,666
shares of the Common Stock or 6.50% of the outstanding shares of Common Stock.
(b) Mr. Jones has the sole power to vote, or to direct the vote of,
77,483 shares of Common Stock and a shared power to vote, or to direct the vote
of 426,666 shares of Common Stock; and sole power to dispose of, or to direct
the disposition of, 77,483 shares of Common Stock and shared power to dispose
of, or to direct the disposition of, 426,666 shares of Common Stock.
Ms. Lauridsen-Jones has the shared power to vote, or to direct the
vote of, 326,666 shares of Common Stock; and shared power to dispose of, or to
direct the disposition of, 326,666 shares of Common Stock.
<PAGE>
CUSIP No. 567912 10 0 Page 5 of 5 Pages
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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: November 9, 1999
/s/ Kenneth E. Jones
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Kenneth E. Jones
/s/ Signe Kim Lauridsen-Jones
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Signe Kim Lauridsen-Jones
