UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)
---------------
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)
December 31, 1999
(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 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 13D Page 2 of 5 Pages
- ------------------------------------------------------------------
1 NAME OF REPORTING PERSON and S.S. OR I.R.S. IDENTIFICATION NO.
Lacy J. Harber ###-##-####
- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_| (b) |_|
- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------
4 SOURCE OF FUNDS*
Working capital
- ------------------------------------------------------------------
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 citizen
- ------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,608,300 shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0- shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,608,300 shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0- shares
- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,608,300 shares
- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.75%
- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN Individual
- ------------------------------------------------------------------
<PAGE>
CUSIP NO. 879516102 13D Page 3 of 5 Pages
- ------------------------------------------------------------------
Item 1. Security and Issuer
Title of Class of Equity Securities: Common Stock,
$0.01 par value per share, of Telescan, Inc.
Name and Address of Principal Executive Offices of the Issuer:
Telescan, Inc.
5959 Corporate Drive, Suite 2000
Houston, TX 77036
Item 2. Identity and Background
(a) Name of Person Filing: Lacy J. Harber, Director,
President and sole shareholder of LJH Corp., which is
the record holder of 1,608,300 shares of Telescan, Inc.
(b) Business Address: 377 Neva Lane, Denison TX 75020
(c) Principal Occupation and the Name of Principal
Business and Address of any corporation in which such
employment is conducted:
Self-employed Investor
377 Neva Lane
Denison, Texas 75020
(903) 465-6937
(d) Conviction of a Criminal Proceeding (excluding
traffic violations or similar misdemeanors) during the
last five years: No
(e) Party in a Civil Proceeding during the last five
years and as a result 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: No
(f) Citizenship: U.S.
Item 3: Source and Amount of Funds or Other
Consideration
N/A
<PAGE>
CUSIP NO. 879516102 13D Page 4 of 5 Pages
- ------------------------------------------------------------------
Item 4. Purpose of Transaction
The reporting person, in the normal course of business, sold
through LJH Corp shares of Telescan, Inc. reported herein to
realize a profit on its investment. At this time, it has no
intention ofpurchasing or selling additional shares of
Telescan, Inc. reported herein, although it reserves the right
to make additional purchases or sales from time to time.
Any decision to make such additional transactions will depend,
however, on various factors, including, without limitation, the
price of the common stock, stock market conditions and
the business prospects of Telescan, Inc. reported
herein. The reporting person has no present intention or
arrangements or understandings to effect any of the transactions
listed in Item 4(a)-(j) of Schedule 13D.
Item 5. Interest in Securities of the Issuer
As a result of the issuance of new common stock by Telescan, Inc.
in transactions unrelated to the reporting person, this Schedule
13D is being filed to adjust and report a one percent decrease
ownership in the percentage of shares beneficially owned in the
aggregate number of shares of common stock of Telescan, Inc.
outstanding.
Percentage of Common Stock of Telescan, Inc. owned
(based on 16,503,667 shares of common stock outstanding
as of November 11, 1999): 9.75%
(b) Sole Voting Power: 1,608,300 shares
Sole Dispositive Power: 1,608,300 shares
Shared Voting Power: -0- shares
Shared Dispositive Power: -0- shares
(c) Not applicable
(d) Not applicable
(e) Not applicable
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.
<PAGE>
CUSIP NO. 879516102 13D Page 5 of 5 Pages
- ------------------------------------------------------------------
Item 7. Material to be Filed as Exhibits.
None.
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.
January 5, 2000 Lacy J. Harber
/s/ John Blackmon, Attorney In Fact
