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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
CRYENCO SCIENCES, INC.
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(Name of Issuer)
Class A Common Stock, par value $0.01 per share
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(Title of Class of Securities)
22889K 20 4
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing 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).
*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
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Page 2 of 4 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Alfred Schechter
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
N/A
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States of America
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NUMBER OF SHARES (5) Sole Voting Power
BENEFICIALLY 285,853
OWNED BY --------------------------------------------------
EACH REPORTING (6) Shared Voting Power
PERSON WITH 100,000
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(7) Sole Dispositive Power
285,853
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(8) Shared Dispositive Power
100,000
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
385,853
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
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(11) Percent of Class Represented by Amount in Row (9)
5.6%
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(12) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 4 Pages
ITEM 1(A). NAME OF ISSUER
Cryenco Sciences, Inc.
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ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
3811 Joliet Street
Denver, Colorado 80239
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ITEM 2(A). NAME OF PERSON(S) FILING
Alfred Schechter
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ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Cryenco Sciences, Inc.
c/o Charterhouse Group International, Inc.
535 Madison Avenue - 28th Floor
New York, New York 10028
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ITEM 2(C). CITIZENSHIP
United States of America
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ITEM 2(D). TITLE OF CLASS OF SECURITIES
Class A common stock, par value $.01 per share
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ITEM 2(E). CUSIP NUMBER
22889k 20 4
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A
(a) / / Broker or Dealer registered under Section 15 of the Act
(b) / / Bank as defined in section 3(a)(6) of the Act
(c) / / Insurance Company as defined in section 3(a)(19) of the Act
(d) / / Investment Company registered under section 8 of the Investment
Company Act
(e) / / Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Not Applicable.
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Page 4 of 4 Pages
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
385,853
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(b) Percent of Class:
5.6%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
285,853
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(ii) shared power to vote or to direct the vote
100,000
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(iii) sole power to dispose or to direct the disposition of
285,853
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(iv) shared power to dispose or to direct the disposition of
100,000
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following. / /
Not Applicable
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
The 100,000 shares as to which the reporting person has
shared voting and dispositive power are owned by The Schechter
Foundation, Inc., a private foundation for which the reporting
person serves as president.
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
Not Applicable
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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.
February 2, 1996
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(Date)
/s/ Alfred Schechter
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(Signature)
Alfred Schechter
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(Name/Title)
