UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No 2)
JOULE INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
481109 10 6
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
* 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).
<PAGE>
CUSIP No. 481109 10 6
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1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
Nick M. Logothetis
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3) SEC Use Only
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4) Citizenship or Place of Organization
U.S.A.
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Number of (5) Sole Voting Power: 506,722 Shares
Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power: 0
Owned by -----------------------------------------------------
Each (7) Sole Dispositive Power: 506,722 Shares
Reporting -----------------------------------------------------
Person With (8) Shared Dispositive Power: 0
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
506,722 Shares
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [X]
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11) Percent of Class Represented by Amount in Row 9
13.3%
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12) Type of Reporting Person (See Instructions)
IN
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-2-
<PAGE>
ITEM 1(a) NAME OF ISSUER:
Joule Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1245 Route 1 South
Edison, New Jersey 08837
ITEM 2(a) NAME OF PERSON FILING:
Nick M. Logothetis
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
1245 Route 1 South
Edison, New Jersey 08837
ITEM 2(c) PLACE OF ORGANIZATION:
Not Applicable
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2(e) CUSIP NUMBER:
481109 10 6
ITEM 3.
Not Applicable
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned: 506,722 Shares
(b) Percent of class: 13.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 506,722
Shares
(ii) Shared power to vote or to direct the vote: 0
-3-
<PAGE>
(iii) Sole power to dispose or to direct the disposition
of: 506,722 Shares
(iv) Shared power to dispose or to direct the disposition
of: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10. CERTIFICATIONS:
Not applicable
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<PAGE>
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, 2000
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Date
/s/ NICK M. LOGOTHETIS
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Signature
Nick M. Logothetis
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Name/Title
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