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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
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BLACK WARRIOR WIRELINE CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
092260504
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(CUSIP Number)
T. MARSHALL SWARTWOOD, 110 WALL ST., NY, NY 10005 (212)742-8900
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
DECEMBER 11, 1996
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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 /X/.
Check the following box if a fee is being paid with this statement / /. (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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CUSIP No. 092260504 SCHEDULE 13D Page 2 of 2 Pages
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(1) NAME OF REPORTING PERSON. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
DICKINSON HOLDING CORP.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER (A) / /
OF A GROUP* (B) /X/
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO /X/
ITEMS 2(D) OR 2(E)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF SHARES (7) SOLE VOTING
BENEFICIALLY OWNED POWER 55,000
BY EACH REPORTING --------------------------------------------------
PERSON WITH (8) SHARED VOTING
POWER
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(9) SOLE DISPOSITIVE
POWER 55,000
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(10) SHARED DISPOSITIVE
POWER
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
55,000
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(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6
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(14) TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2 of 7
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ITEM 1. SECURITY AND ISSUER
This statement relates to the shares of Common Stock (the "Common Stock") of
Black Warrior Wireline Corp. (the "Issuer"). The Issuer's principal executive
offices are located at 3748 Highway 45 North, Columbus, Mississippi 39701.
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed by Dickinson Holding Corp. (the "Purchaser").
The Purchaser owns 100% of Dickinson & Co., a registered broker dealer and
investment banking firm ("Dickinson"). The principal business address of the
Purchaser and Dickinson is, 405 Sixth Avenue, Des Moines, Iowa 50306.
During the last five years, the Purchaser has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor has it
been 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 except as listed in Exhibit 1.
T. Marshall Swartwood, Chairman of the Board of the Purchaser, resides in
Westtown, New York 10998 and owns 100% of Swartwood & Co., a registered broker
dealer.
During the last five years, Mr. Swartwood has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor has he
been 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.
Mr. Swartwood is a resident citizen of the United States.
Thomas M. Swartwood, President of the Purchaser resides at 153 37th Street, Des
Moines, Iowa 50312.
During the last five years, Mr. Swartwood has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor has he
been 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.
Mr. Swartwood is a resident citizen of the United States.
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Glenn S. Cushman, Senior Vice President and Director of the Purchaser resides at
2 W. North Lane, Phoenix, Arizona 85021.
During the last five years, Mr. Cushman has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor has he
been 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.
Mr. Cushman is a resident citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Purchaser acquired the shares for cash from working capital.
ITEM 4. PURPOSE OF TRANSACTION
The Purchaser acquired the beneficial ownership of the shares of Common Stock
described herein for investment purposes. The Purchaser may from time to time,
depending on general economic conditions, market prices for shares of Common
Stock and other factors, purchase additional shares of Common stock through
open-market purchases, privately negotiated transactions or otherwise and may
dispose of shares of Common Stock as stated above or otherwise.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of December 11, 1996, the Purchaser directly owned 55,000 shares.
As of December 11, 1996, Mr. T. Marshall Swartwood beneficially owned 50,000
shares including 50,000 held by Swartwood & Co. The 50,000 shares held by
Swartwood & Co. were purchased for cash. This beneficial ownership represents
approximately 2.3% of the issued and outstanding shares of Common Stock. Such
percentage is based on information obtained from the Issuer that as of November
12, 1996 there were 2,144,677 shares of Common Stock issued and outstanding.
As of December 11, 1996, Mr. Thomas M. Swartwood directly owned 10,000 shares
which he purchased for cash. This beneficial ownership represents approximately
.044% of the issued and outstanding shares of Common Stock. Such percentage is
based on information obtained from the Issuer that as of November 12, 1996
there were 2,144,677 shares of Common Stock issued and outstanding.
As of December 11, 1996, Mr. Glenn S. Cushman directly owned 10,000 shares which
he purchased for cash. This beneficial ownership represents approximately .044%
of the issued and outstanding shares of Common Stock. Such percentage is based
on
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information obtained from the Issuer that as of November 12, 1996 there were
2,144,677 shares of Common Stock issued and outstanding.
(b) The Purchaser has sole power to vote, direct the vote of, dispose and
direct the disposition of its 55,000 shares.
Mr. T. Marshall Swartwood has sole power to vote, direct the vote of, dispose
and direct the disposition of the 50,000 shares beneficially owned by him.
Mr. Thomas M. Swartwood has sole power to vote, direct the vote of, dispose and
direct the disposition of his 10,000 shares.
Mr. Glenn S. Cushman has sole power to vote, direct the vote of, dispose and
direct the disposition of his 10,000.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS AND RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 - Form BD, Disciplinary Actions
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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.
December 12, 1996 Dickinson Holding Corp.
By: /s/ T. Marshall Swartwood
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T. Marshall Swartwood
Chairman
