UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
_______________________
INTERNATIONAL AMERICAN HOMES, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
459004 20 6
(CUSIP Number)
_______________________
Michael P. Villa,
c/o International American Homes, Inc.
4640 Forbes Boulevard, Suite 330,
Lanham, Maryland 20706, 301-306-5306
__________________________________________
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
_______________________
March 26, 1996
(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
statement because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
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).
CUSIP NO. 459004 20 6 Page 1 of 5 Pages
<PAGE>
SCHEDULE 13D
CUSIP NO. 459004 20 6 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROBERT J. SUAREZ
###-##-####
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
United States of America
7 SOLE VOTING POWER
NUMBER OF
SHARES 559,124 (See Item 5)
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
8 SHARED VOTING POWER
-0-
9 SOLE DISPOSITIVE POWER
559,124 (See Item 5)
10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
559,124 (See Item 5)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.22%
14 TYPE OF REPORTING PERSON
IN
<PAGE>
Page 3
Item 1. SECURITY AND ISSUER
This Statement is the Second Amendment to a Statement on Schedule 13D
dated June 10, 1994 (the "Schedule 13D") and relates to the common stock,
par value $.01 per share (the "Common Stock") of International American
Homes, Inc., a Delaware corporation (the "Issuer"). The principal
executive office of the Issuer is located at 4640 Forbes Boulevard, Lanham,
Maryland 20706.
Item 2. IDENTITY AND BACKGROUND
(a) This Statement is being filed on behalf of Robert J. Suarez,
hereinafter referred to as the "Reporting Person."
(b) The business address of the Reporting Person is 4640 Forbes
Boulevard, Lanham, Maryland 20706.
(c) The present principal occupation or employment of the Reporting
Person is President and Chairman of the Issuer. The principal business of
the Issuer is a homebuilding company which, through its subsidiaries,
designs, builds, and sells single-family homes and townhomes.
(d) During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, the Reporting Person was not a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to as
judgement, 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) The Reporting Person is a citizen of the United States of
America.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On March 1, 1996 the Reporting Person purchased 43,570 shares of
Common Stock from Sylvia Garshag for a purchase price of $34,856.
On March 27, 1996 the Reporting Person purchased 81,222 shares of
Common Stock from the Archdiocese of New Orleans for a purchase price of
$97,000.
On March 29, 1996 the Reporting Person purchased 4,892 shares of
Common Stock for a purchase price of $4,892. This stock had been held in
trust for the benefit of the Company's creditors pursuant to the Company's
Chapter 11 Reorganization Plan and it was determined that such stock was in
excess of the amount needed for distribution to the Creditors and pursuant
to
<PAGE>
Page 4
action of the Company's Board of Directors was sold to the Reporting
Person and to other Directors.
The purchase price for each of the above transactions was paid out of
the personal funds of the Reporting Person.
Item 4. PURPOSE OF THE TRANSACTION
The shares of Common Stock beneficially owned by the Reporting Person
are being held for investment purposes.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Reporting Person beneficially owns an aggregate of 559,124
shares of Common Stock, which constitute approximately 20.22% of the
outstanding shares of Common Stock (including shares which are issuable to
the Reporting Person upon the exercise by such Reporting Person of options
that are exercisable within 60 days from the date hereof). Such shares
include (i) shares of Common Stock held of record by him and (ii) 50,000
shares of Common Stock issuable upon the exercise of stock options granted
to him by the Issuer that are exercisable within 60 days from the date
hereof.
(b) The Reporting Person has the sole power to vote or to direct the
vote and the sole power to dispose or to direct the disposition of the
shares of Common Stock beneficially owned by such Reporting Person.
(c) Except as set forth above, and as set forth in the Statement
filed by the Reporting Person on February 15, 1996 as the First Amendment
to the Statement on Schedule 13D dated June 10, 1994, the Reporting Person
has not effected any transaction in shares of Common Stock during the
preceding 60 days.
(d) To the best knowledge of the Reporting Person, no person other
than the Reporting Person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the shares
of Common Stock beneficially owned by the Reporting Person.
(e) Not Applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS, WITH
RESPECT TO SECURITIES OF THE ISSUER
Except as described elsewhere in this Statement, to the best knowledge
of the Reporting Person there exists no contract arrangement or
understanding or relationship (legal or otherwise) between the Reporting
Person and any person with respect to any securities of the Issuer,
including but not limited to transfer or voting of any the securities,
finder's fees, joint ventures,
<PAGE>
Page 5
loan or option arrangements, puts or calls, guarantees of profits, division
of profits or loss, or the giving or withholding of proxies.
Item 7. MATERIALS TO BE FILED AS EXHIBITS
None
Signature
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this Statement
is true complete and correct.
Date: April 17, 1996 /S/ ROBERT J. SUAREZ
----------------------------
Robert J. Suarez
