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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)*
COLOROCS Information Technologies, Inc.
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(Name of Issuer)
Common Stock, No Par Value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
196807 30 9
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(CUSIP Number)
Frank J. Hanna, Jr., Route 1 Box 424-A,
Summerville, Georgia 30747 (770) 974-9849
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
December 22, 1997
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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 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
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).
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SCHEDULE 13D
<TABLE>
<CAPTION>
CUSIP NO. 196807 30 9 PAGE 2 OF 4 PAGES
---------------------------- ------ ------
<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRANK J. HANNA, JR.
- -------------------------------------------------------------------------------
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*
AF
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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
===============================================================================
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
===============================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- -------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 IN
===============================================================================
</TABLE>
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AMENDMENT NO. 7 TO STATEMENT
PURSUANT TO RULE 13D-1 AND RULE 13D-2
OF THE GENERAL RULES AND REGULATIONS
UNDER THE SECURITIES EXCHANGE ACT OF 1934
The following item of the Schedule 13D of Frank J. Hanna, Jr. (the
"Reporting Person") relating to the Common Stock, no par value (the "Common
Stock") of Colorocs Information Technologies, Inc. (the "Company") is amended
to the extent indicated below.
Item 5. Interest in Securities of the Issuer.
Item 5 is deleted in its entirety and amended by adding the following:
(a) The Reporting Person is the beneficial owner of no shares of
Common Stock, or approximately 0% of the 2,114,794 shares of Common Stock
outstanding as of November 12, 1997, after giving effect to the sale of an
aggregate of 117,500 shares of Common Stock described in (c) below.
(b) After giving effect to the sales described in (c) below, the
following is the number of shares of Common Stock for which the Reporting
Person has:
(i) sole power to vote or direct the vote: none
(ii) shared power to vote or direct the vote: none
(iii) sole power to dispose of or to direct the disposition of:
none
(iv) shared power to dispose of or to direct the disposition of:
none
(c) The Reporting Person sold on the dates indicated below the
number of shares of Common Stock at the prices per share (excluding
commissions) indicated below, which sales were effected in open market
transactions.
<TABLE>
<CAPTION>
Date Number of Shares Price
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<S> <C> <C>
December 22, 1997 12,500 $1.3125
December 23, 1997 10,000 $1.3125
December 24, 1997 95,000 $1.3125
</TABLE>
(d) Not applicable.
(e) On December 22, 1997 the Reporting Person ceased to be the
beneficial owner of more than 5% of the Common Stock of the Company.
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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
correct.
Dated: December 29, 1997
/s/ Frank J. Hanna, Jr.
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FRANK J. HANNA, JR.
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