UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13)
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Telescan, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
879516102
(CUSIP Number)
Lacy J. Harber
LJH, Corp.
377 Neva Lane
Denison, Texas 75020
(903) 465-6937
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 1, 1999
(Date of Event which Requires Filing of This Statement)
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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 |_|.
The remainder of this cover page shall be filed out for a reporting
person's 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).
<PAGE>
CUSIP NO. 879516102 Schedules 13D Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON and S.S. OR I.R.S. IDENTIFICATION NO.
Lacy J. Harber ###-##-####
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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*
WC
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,495,000 shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0- shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,495,000 shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0- shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,495,000 shares
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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)
9.06%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
CUSIP NO. 879516102 Schedule 13D Page 3 of 5 Pages
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Item 1. Security and Issuer
Title of Class of Equity Securities: Common Stock,
$0.01 par value per share
Telescan, Inc.
5959 Corporate Drive, Suite 2000
Houston, TX 77036
Item 2. Identity and Background
Lacy J. Harber is Chairman, President and sole shareholder of LJH,
Corporation ("LJH"), which is the holder of the Securities reported
herein. The principal business of LJH is investments and its
business address is 377 Neva Lane, Denison, Texas, 75020. The
principal occupation of Lacy J. Harber is self-employed invester and
serving as Chairman of LJH. Lacy J. Harber is a citizen of the
United States of America.
During the last five years, neither LJH or Lacy J. Harber have been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or was 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.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable.
Item 4. Purpose of Transaction
The Reporting Person, in the normal course of business, sold through
LJH the shares of Common Stock of the Issuer reported herein to realize
a profit on its investment. At this time, it has no intentions of
purchasing or selling additional shares of Common Stock of the Issuer,
although it reserves the right ot make additional purchases or sales
of the Common Stock in the future. As the primary goal of the Reporting
Person is to maximize the value of this investment, additional
transactions will depend on various factors, including, without
limitation, the price of the Common Stock, stock market conditions
and business prospects fo the Issuer.
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CUSIP NO. 879516102 Schedule 13D Page 4 of 5 Pages
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Except as described herein, Lacy J. Harber has no plans or proposals
which relate to or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer
or any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the board
of directors of the Issuer;
(e) Any material change in the present capitalization or dividend policy
of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure including but not limited to, if the Issuer is a registered
closed-end investment company, any plans or proposals to make any
changes in its investment policy for which a vote is required
by Section 13 of the Investment Company Act or 1940, as amended;
(g) Changes in the Issuer's charter, by-laws or instruments corresponding
thereto or other actions which may impede the acquistion of
control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be de-listed from
a national securities exchange or to cease to be authorized to
to be quoted in an inter-dealer quotation system of a registered
national securities association;
(i) A class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4) of
the Securities Exchange of 1934, as amended (the "Act"), or;
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
Lacy J. Harber beneficially owns 1,495,000 shares of Common Stock,
which constitutes 9.06% of the Company's outstanding shares of
Common Stock, based upon 16,503,667 outstanding as of November 11, 1999.
Lacy J. Harber has the sole power to vote and the sole power to dispose
of the 1,495,000 shares of Common Stock it beneficially owns.
Since the most recent filing, the following sales transactions in the
Common Stock were executed in the open market:
72,300 shares 02/14/00 $26.89 average price
41,000 02/15/00 $26.99
No other person is known by the Reporting Person to have the right to
receive or the power to direct receipt of dividends from, or proceeds
from sale of, any other Shares beneficially owned.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
Lacy J. Harber does not have any contracts, arrangements,
understandings or relationships (legal or otherwise) with any person
with respect to any securities of the Issuer, finder's fees,
joint ventures, loan or option agreements, puts or calls, guarantees
of profits, division of profits or loss, or the giving or
withholding of proxies.
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CUSIP NO. 879516102 13D Page 5 of 5 Pages
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Item 7. Material to be Filed as Exhibits.
Power of Attorney form dated August 2, 1999 appointing John P. Blackmon
as attorney-in-fact and agent with full power of substitution for
Lacy J. Harber and in his name, place and stead in any and all
capacities to sign any and all Schedules 13D and all amendments
thereto pertaining to the Issuer as required by the provisions of the
Securities Exchange Act of 1934.
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.
March 3, 2000 Lacy J. Harber
/s/ John Blackmon, Attorney In Fact
POWER OF ATTORNEY
Know all men by these presents, that the undersigned
hereby constitutes and appoints John P. Blackmon as his true
and lawful attorney-in-fact and agent, with full power of
substitution, for him and in his name, place and stead in
any and all capacities to sign any or all Forms 3, Forms 4
and Schedules 13D and all amendments thereto required by the
provisions of the Securities Exchange Act of 1934 pertaining
to Telescan, Inc. and to file the same with all
exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission,
granting unto said Attorney-in-fact and agent or any of them,
or his substitute or substitutes, full power and authority
to do and perform each and every act and thing requisite
and necessary to be done in and about the premises, as fully
to all intents and purposes as he might or could do
in person, thereby ratifying and confirming all that said
attorneys-in-fact and agent, or his substitute or substitutes,
may lawfully do or cause to be done by virtue hereof.
Dated: August 2, 1999 /s/ Lacy J. Harber
