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. 15)
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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, Corporation
377 Neva Lane
Denison, Texas 75020
(903) 465-6937
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 26, 2000
(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).
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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 2,314,000 shares
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0- shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,314,000 shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0- shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,314,000 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)
14.20%
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14 TYPE OF REPORTING PERSON*
IN
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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
Working capital in the amount of $711,460 was used to purchase
an additional 680,000 shares in open market transactions at
various prices and in varying amounts bringing the total
investment for 2,314,000 shares to $9,504,737.
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 of 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
Item 5. Interest in Securities of the Issuer
Lacy J. Harber beneficially owns 2,314,000 shares of Common Stock,
which constitutes 14.20% of the Company's outstanding shares of
Common Stock, based upon 16,296,026 outstanding as of November
6, 2000. Lacy J. Harber has the sole power to vote and the sole
power to dispose of the 2,314,000 shares of Common Stock it
beneficially owns.
Since the most recent filing, the following purchase transactions in
the Common Stock were executed in the open market:
25,000 shares 12/12/00 $1.000 average price
5,000 12/13/00 $1.000
20,000 12/14/00 $1.000
5,000 12/18/00 $1.100
30,000 12/19/00 $1.096
85,000 11/20/00 $1.078
35,000 12/21/00 $1.068
125,000 12/26/00 $1.056
50,000 12/26/00 $1.090
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CUSIP NO. 879516102 Schedule 13D Page 5 of 5 Pages
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195,000 shares 12/28/00 $1.014 average price
105,000 12/29/00 $1.023
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.
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 3,2001 Lacy J. Harber
/s/Roy T. Rimmer, Jr., Attorney In Fact
