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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _______)*
Green Isle Environmental Services, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
393070107
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(CUSIP Number)
James Taylor
719 Lenape Trail
Westfield, NJ 07090
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 27, 1994
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(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 / /.
Check the following box if a fee is being paid with the statement /XX/. (A fee
is not required only if the reporting 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.)
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 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
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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SCHEDULE 13D
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CUSIP NO. 393070107 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James W. Taylor
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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*
PF
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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
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7 SOLE VOTING POWER
NUMBER OF 237,600
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH --
REPORTING ------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
237,600
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10 SHARED DISPOSITIVE POWER
--
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
237,600
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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)
7.1%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Stock, $0.1875 par value ("Common Stock"),
of Green Isle Environmental Services, Inc., a Minnesota corporation (the
"Company"), with principal executive offices located at 410 Eleventh Avenue
South, Hopkins, Minnesota 55343.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This statement is filed by James Taylor.
(b) The residence address of Mr. Taylor is 719 Lenape Trail, Westfield, NJ
07090.
(c) Mr. Taylor is the President, Chief Executive Officer and Chief
Financial Officer of the Company and also is the President of Taylor
Consultants, Inc., a management and financial consulting firm.
(d) Mr. Taylor has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Mr. Taylor was not, during the last five years, 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
security laws or finding any violation with respect to such laws.
(f) Mr. Taylor is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares of Common Stock reported on this statement were purchased with Mr.
Taylor's personal funds. No funds used to purchase any of the shares of Common
Stock reported on this statement have been borrowed.
ITEM 4. PURPOSE OF TRANSACTION.
The shares of Common Stock owned by Mr. Taylor have been acquired solely for
investment purposes.
Other than as to matters which Mr. Taylor, as President, Chief Executive Officer
and Chief Financial Officer of the Company, may consider and discuss with other
officers and board members from time to time, Mr. Taylor does not have any
present plans or proposals that relate to or would result in: (a) the
acquisition
Page 3 of 5 Pages
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by any person of additional securities of the Company (other than the exercise
of options currently held by Mr. Taylor) or the disposition of securities of the
Company; (b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Company or of any
of its subsidiaries; (d) any change in the present Board of Directors or
management of the Company, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the Board; (e) a
material change in the present capitalization or dividend policy of the Company;
(f) any other material change in the Company's business or corporate structure;
(g) changes in the Company's charter, by-laws or instruments corresponding
thereto or other actions that may impede the acquisition of control of the
Company by any person; (h) causing a class of securities of the Company to be
delisted from a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national securities
association; (i) a class of equity securities of the Company becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Act; or (j)
any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE COMPANY.
(a) Mr. Taylor is the beneficial owner of 237,600 shares of Common Stock,
or approximately 7.1% of the current outstanding shares of Common
Stock. An aggregate of 139,000 of such shares are subject to options
that are exercisable within the next 60 days.
(b) Mr. Taylor possesses sole voting and investment power with respect to
the shares of Common Stock reported in this statement.
(c) Mr. Taylor has not engaged in any transactions in shares of Common
Stock during the past 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE COMPANY.
Mr. Taylor is not a party to any contract, arrangement, understanding or
relationship (legal or otherwise) with respect to any securities of the Company.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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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.
Date: May 31, 1995
\s\ James W. Taylor
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James W. Taylor
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