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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Rent-A-Wreck of America, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
760098-10-3
(CUSIP Number)
Kenneth L. Blum, Jr.
10324 South Dolfield Road
Owings Mills, MD 21117
(410) 581-8700
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
WITH A COPY TO:
Walter J. Skipper, Esq.
Quarles & Brady LLP
411 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
(414) 277-5000
May 17, 2000
(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 [ ].
<PAGE>
SCHEDULE 13D/A
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CUSIP NO. 760098-10-3 Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth L. Blum, Jr.
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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*
PF
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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 CITZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
980,167
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 980,167
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
980,167
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.3% (assuming conversion of the options)
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D/A
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CUSIP NO. 760098-10-3 Page 3 of 5 Pages
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ITEM 1. SECURITY AND ISSUER.
Name of Issuer and Address of Principal Executive Offices:
Rent-A-Wreck of America, Inc. (the "Company")
10324 South Dolfield Road
Owings Mills, MD 21117
Title of Security to which this statement relates:
Common Stock, $.01 par value ("Common Stock")
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c). This Amendment No. 3 to Schedule 13D is filed on behalf of Kenneth L.
Blum, Jr., an individual with a business address of 10324 South Dolfield Road,
Owings Mills, MD 21117. Mr. Blum is president and secretary of the Company. Mr.
Blum is also president and chief executive officer of NHE, a company that
provides management and marketing services to companies offering benefit
programs; and president of American Business Information Systems, Inc., a
high-volume laser printing company.
(d) and (e). During the last five years, Mr. Blum has not (i) been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) been 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 a
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.
(f). Mr. Blum is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not Applicable. This Amendment is to report the sale of 50,000 Stock Options to
the Company.
ITEM 4. PURPOSE OF THE TRANSACTION.
Mr. Blum sold (1) 50,000 Stock Options to the Company for $62,500 net on May 17,
2000 and (2) 200,000 Stock Options to the Company for $250,000 net on April 20,
2000, both effected pursuant to a January 2000 agreement to sell 250,000 options
to the Company. All the options sold were exercisable until June 30, 2003 at
$1.15 per share.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b). Mr. Blum holds an aggregate of 142,667 shares of the Company's
Common Stock and 837,500 Stock Options, or approximately 22.3% of the class
(assuming conversion of the options). The exercise price of the Options is
between $1.00 and $1.15 per share. Mr. Blum holds the power to vote or to direct
the vote of, and the power to dispose or to direct the disposition of, the
shares beneficially owned by him.
(c). Except for the execution and delivery of the 50,000 Stock Options to the
Company on May 17, 2000 and 200,000 Stock Options to the Company on April 12,
2000 effected pursuant to a January 2000 agreement to sell 250,000 options to
the Company, there have been no transactions by Mr. Blum with respect to the
Company Common Stock during the 60 days preceding the date of this Schedule 13D.
<PAGE>
SCHEDULE 13D/A
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CUSIP NO. 760098-10-3 Page 4 of 5 Pages
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(d). Not Applicable.
(e). Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings, or relationships between
Mr. Blum and any other person with respect to any securities of the Company.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Management Agreement dated June 30, 1993 between the Company and KAB.*
2. Stock Option Grant to KAB dated June 30, 1993 relating to options for
the purchase of 2,250,000 shares of the Company's Common Stock.*
3. Registration Rights Agreement dated June 30, 1993 among KAB, Kenneth
L. Blum, Sr. and the Company.*
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* Incorporated by reference from the Company's Report on Form 8-K dated June 30,
1993.
<PAGE>
SCHEDULE 13D/A
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CUSIP NO. 760098-10-3 Page 5 of 5 Pages
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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
accurate.
June __, 2000.
/s/ Kenneth L. Blum, Jr.
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Kenneth L. Blum, Jr.
