<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
International American Homes, Inc.
----------------------------------
(Name of Issuer)
Common Stock, $.01 Par Value
----------------------------
(Title of Class of Securities)
459004206
---------
(CUSIP Number)
Robert Antle, International American Homes, Inc.,
9950 Princess Palm Avenue, Tampa, FL 33619, (813) 664-1100
----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 7, 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 the disclosures provided in a prior cover page.
The information required in 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 1 of 4 Pages
<PAGE> 2
CUSIP NO. 459004206 Page 2 of 4
- --------------------------------------------------------------------------------
1 Names of Reporting Person
SS or IRS Identification Nos. 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 if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
- --------------------------------------------------------------------------------
7 Sole voting power
831,439
Number of shares -----------------------------------------------------
beneficially 8 Shared voting power
owned by each
reporting person 0
with -----------------------------------------------------
9 Sole dispositive power
831,439
-----------------------------------------------------
10 Shared dispositive power
0
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
831,439
- --------------------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
[ ]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
29.8%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
ITEM 1. SECURITY AND ISSUER.
This statement is the Fifth Amendment to a Statement on Schedule 13D
dated June 10, 1994, subsequently amended (the "Schedule 13D") and relates to
the Common Stock par value $.01 per share ("Common Stock"), of International
American Homes, Inc., a Delaware corporation ("Issuer"). The principal
executive office of the Issuer is located at 9950 Princess Palm Avenue, Tampa,
FL, 33619.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2.(a) This statement is being filed on behalf of Robert J.
Suarez, hereinafter referred to as the "Reporting
Person".
Item 2.(b) The business address of the Reporting Person is 9950
Princess Palm Avenue, Tampa, FL, 33619.
Item 2.(c) The present principal occupation of the Reporting
Person is as Chairman of the Issuer.
Item 2.(d) During the last five years, the Reporting Person has
not been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors).
Item 2.(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 any
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.
Item 2.(f) The Reporting Person is a citizen of the United
States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The purchase price for each of the transactions, reported herein, was paid out
of the personal funds of the Reporting Person.
ITEM 4. PURPOSE OF 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.
Item 5.(a) The Reporting Person beneficially owns an aggregate
of 831,439 shares of Common Stock, which constitute approximately 29.8% of the
outstanding shares of Common Stock, based 2,785,895 shares outstanding, as
reported on the Issuers 10-Q, for the quarter ending January 31, 1998.
Item 5.(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.
Page 3 of 4 Pages
<PAGE> 4
Item 5.(c) The following table lists the Reporting Person's
acquisitions beginning 60 days prior to January 7, 1997, the first material
event after the filing of Amendment #4, dated September 3, 1996, to the
Schedule 13D.
<TABLE>
<CAPTION>
Date Transaction No. of Shares Price
---- ----------- ------------- -----
<S> <C> <C> <C>
12/31/96 Purchase 3,658 $1.25
1/7/97 Purchase 26,472 $1.00
2/10/97 Purchase 97,918 $1.50
12/15/97 Purchase 4,455 $1.3125
12/29/97 Purchase 15,100 $1.3125
</TABLE>
Item 5.(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.
Item 5.(e) N/A
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Except as described in other amendments to the Schedule 13D, to the
best knowledge of the Reporting Person, there exists no contract, arrangement,
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 of the securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
N/A
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: February 19, 1998.
/s/ Robert J. Suarez
-----------------------------------
Signature
Robert J. Suarez
-----------------------------------
Name
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 4 of 4 Pages
