SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
STRATEGIA CORPORATION
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
23803N 10 0
(CUSIP Number)
Alan K. MacDonald
Brown, Todd & Heyburn PLLC
3200 Providian Center
Louisville, Kentucky 40202
(502) 589-5400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 14, 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 schedule because of Rule 13d-1(b)(3) or
(4), check the following box. /__/
CUSIP No. 23803N 10 0 13D Page 2 of 5 Pages
1 NAME OF REPORTING PERSON James P. Buren
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS* SC
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 194,379
NUMBER OF
SHARES 8 SHARED VOTING POWER 0
BENEFICIALLY
OWNED BY EACH 9 SOLE DISPOSITIVE POWER 194,379
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER 0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 194,379
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2%
14 TYPE OF REPORTING PERSON* IN
* SEE INSTRUCTIONS BEFORE FILLING OUT
Item 1. Security and Issuer.
This statement relates to the common stock, no par value (the
"Shares"), of Strategia Corporation, a Kentucky corporation (the
"Company"). The Company's principal executive offices are located
at 10301 Linn Station Road, P.O. Box 37144, Louisville, Kentucky
40233-7144.
Item 2. Identity and Background.
As set forth below, this filing relates to James P. Buren.
Mr. Buren holds approximately 6.2% of the Shares of the Company.
(a)-(c) Name, Residence or Business Address, Principal
Occupation
James P. Buren
10301 Linn Station Road
P.O. Box 37144
Louisville, Kentucky 40233-7144
Executive Vice President - Technology
(d) During the last five years, Mr. Buren has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, Mr. Buren was not a party to
a civil proceeding of a judicial or administrative body
resulting in 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. Buren is a citizen of the United States.
Item 3. Source And Amount Of Funds Or Other Consideration
On October 14, 1996, the Company granted to Mr. Buren
exercisable employee stock options to purchase 64,631 Shares at an
exercise price of $7.00 per share under the Company's 1988 Stock
Option Plan. The Company also accelerated vesting of outstanding
employee stock options to purchase 11,667 Shares to become
exercisable immediately.
Item 4. Purpose of Transaction.
On October 14, 1996, the Company issued employee stock options
to purchase a total of 64,631 Shares under the Company's 1988 Stock
Option Plan (the "Options") to Mr. Buren, its Executive Vice
President - Technology. The Options are exercisable immediately at
a price of $7.00 per share, the fair market value on the date of
grant. In addition, the Company modified certain outstanding
employee stock options issued to Mr. Buren on October 1, 1995
under the Company's 1988 Stock Option Plan to make options to
purchase 11,667 Shares to become exercisable immediately. The
grant of stock-based compensation in the form of options was
intended to provide an incentive for Mr. Buren by providing an
economic reward based on the Company's long-term performance and
the value of its Shares.
Mr. Buren currently is one of the Company's directors and
serves as the Company's Executive Vice President - Technology. At
the present time, but subject to his continuing evaluation of the
factors noted below, Mr. Buren intends to retain his Shares of the
Company's capital stock. Whether Mr. Buren purchases additional
Shares of the Company's stock from time to time, and the amount and
timing of any such purchases, will depend on Mr. Buren's continuing
assessment of pertinent factors, including without limitation, the
following: (i) the Company's financial condition and prospects,
(ii) the market price of Shares, (iii) Mr. Buren's personal
financial condition, (iv) other business and investment
opportunities available to Mr. Buren, (v) general economic and
industry conditions, (vi) stock market and money market conditions,
(vii) the availability and nature of opportunities to dispose of
his investment in Shares, and (viii) Mr. Buren's other plans and
commitments.
Except in connection with his duties as Executive Vice
President - Technology and a director, Mr. Buren has no plans or
proposals which will relate to or would result in: (i) the
acquisition by any person of additional securities of the Company
other than in connection with the proposed public offering of
Shares and warrants to purchase Shares and certain other related
transactions described in the registration statement relating to
the present public offering of the Company's securities (Reg. No.
33-14055), or the disposition of securities of the Company, (ii)
any extraordinary corporate transaction, such as a merger,
reorganization or liquidation involving the Company, (iii) a sale
or transfer of a material amount of the assets of the Company, (iv)
any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or
terms of directors or to fill any existing vacancies on the board
other than the possible addition of one or more independent
directors, (v) any material change in the present capitalization or
dividend policy of the Company, (vi) any other material change in
the Company's business or corporate structure, (vii) changes in the
Company's articles of incorporation, bylaws or other actions that
may impede the acquisition of control of the Company by any person,
(viii) causing a class of securities of the Company to be delisted
from a national securities exchange or cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association, (ix) a class of equity securities of the
Company becoming eligible for termination of registration pursuant
to Section 12(g)(4) of the Securities Exchange Act of 1934, or (x)
any action similar to any of those enumerated above. Mr. Buren may
formulate plans or proposals with respect to one or more of the
foregoing in the future.
Item 5. Interest In Securities Of The Issuer.
(a) James P. Buren beneficially owns 194,379 Shares, representing
6.2% of the Company's outstanding Shares, which total includes
85,829 Shares held of record by him, 14,840 Shares issuable
upon the conversion of Series AA Preferred, 3,710 Shares
issuable upon the exercise of warrants, and 90,000 Shares
issuable upon the exercise of options.
(b) Mr. Buren has sole voting and sole dispositive power with
respect to 194,379 Shares, consisting of 85,829 Shares held of
record by him, 14,840 Shares issuable upon the conversion of
Series AA Preferred, 3,710 Shares issuable upon the conversion
of warrants, and 90,000 Shares issuable upon the exercise of
options.
(c) On October 14, 1996, the Company granted exercisable employee
stock options to purchase 64,631 Shares to Mr. Buren at an
exercise price of $7.00 per share under the Company's 1988
Stock Option Plan. The Company also accelerated vesting of
outstanding employee stock options to purchase 11,667 Shares
to become exercisable immediately.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to the Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationship between Mr. Buren and any other person with respect to
any securities of the Company, including but not limited to the
transfer or voting of the securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees or
profits, division of profits or losses, giving or withholding
proxies.
Item 7. Material to be Filed as Exhibits.
None
SIGNATURES
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.
JAMES P. BUREN
/s/ James P. Buren
James P. Buren
Date: 12/5/96
