STATEMENT OF BENEFICIAL OWNERSHIP
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
THE NEW WORLD POWER CORPORATION
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(Name of issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of class of securities)
649290301
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(CUSIP number)
JOHN D. KUHNS
558 Lime Rock Road
Lime Rock, Connecticut 06039
(860) 435-7000
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(Name, address and telephone number of person
authorized to receive notices and communications)
November 4, 1999 **
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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 / /. 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.
** This filing is a voluntary disclosure.
(Continued on following pages)
(Page 1 of 5 Pages)
<PAGE>
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1 NAME OF REPORTING PERSON JOHN D. KUHNS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(entities only)
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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* NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 7 SOLE VOTING POWER
SHARES 260,133
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 230,764
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,133
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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)
6.85%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 649290301 13D Page 2 of 5 Pages
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<PAGE>
This Amendment No. 10 to Schedule 13D (the "Amendment") amends the Schedule
13D filed with respect to an event on November 26, 1996; as previously amended
by Amendment No. 1 ("Amendment No. 1") filed with respect to an event on
September 1, 1990; ("Amendment No. 2") filed with respect to an event on
February 15, 1992; Amendment No. 3 ("Amendment No. 3") filed with respect to an
event on July 7, 1992; Amendment No. 4 ("Amendment No. 4") filed with respect to
an event on September 10, 1992; and Amendment No. 5 ("Amendment No. 5") filed
with respect to an event on May 28, 1993; Amendment No. 6 ("Amendment No. 6")
filed with respect to an event on November 15, 1995; and Amendment No. 7
("Amendment No. 7") filed with respect to an event on March 13,1996
(collectively, the ("Statement"; Amendment No. 9 ("Amendment No. 9") filed with
respect to an event on June 19, 1999. Pursuant to Rule 101 of Regulation S-T,
this Amendment No. 10 amends and restates the Statement to read in its entirety
as follows:
Item 1. Security And Issuer.
This statement relates to the shares ("Shares") of common stock, $.01 par
value ("Common Stock"), of The New World Power Corporation("Issuer"). The
principal executive offices of the Issuer are located at 637 Roslyn Avenue,
Westmont, Quebec, Canada H5Y 2V1. Such shares take into account the Issuer's
one-for-five reverse stock split which went into effect on November 4, 1996.
Item 2. Identity And Background.
(a) Name: John D. Kuhns (the "Reporting Person").
(b) The principal business address of the Reporting Person is 558 Lime Rock
Road, Lime Rock, Connecticut 06039.
(c) The present principal occupation of the Reporting Person is President
of Kuhns Brothers, located at 558 Lime Rock Road, Lime Rock, Connecticut 06039,
the principal business of which is investment services.
(d) The Reporting Person has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) The Reporting Person has not, during the last five years, been 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 that on June 6, 1995, the SEC issued
an order against him to cease and desist from omitting or causing any violation
of Section 13(d) or 16(a) of the Exchange Act, and Rules 13d-1, 13d-2,16a-2 and
16a-3 thereunder. Mr. Kuhns consented to the entry of the order without
admitting or denying the allegations therein.
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CUSIP No. 649290301 13D Page 3 of 5 Pages
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<PAGE>
(f) The Reporting Person is a citizen of the United States of America.
Item 3. Source And Amount Of Funds Or Other Consideration.
(a) 165,133 shares of common stock, of which Mr. Kuhns has sole dispositive
power over 135,764 shares, are owned or controlled by the Reporting Person and
were initially acquired at a price of $.239 per share. The funds for the
purchase of these shares of common stock were acquired from the Reporting
Person's personal funds.
(b) The funds for the purchase of 95,000 shares of common stock most
recently purchased at an average price of $0.529 were acquired from the funds
Strategic Electric Power Fund.
Item 4. Purpose Of Transaction.
Mr. Kuhns previously made a proposal to the Issuer to acquire 100% of its
Common Stock for $1.00 per share in cash, and also requested of the Issuer's
Corporate Secretary that a Special Meeting of the Stockholders be convened, and
that at the next regularly scheduled Annual Meeting of Shareholders, a
Shareholder Proposal be placed on the agenda requiring an affirmative vote of a
majority of the Issuer's common stockholders prior to the issuance of any new
securities by the Issuer.
Mr. Kuhn's proposals were turned down by the Issuer.
As Manager of New Power Associates, LLC, the Member-Manager of the
Strategic Electric Power Fund, LLC, a private investment fund, Mr. Kuhns has
directed the purchase of an incremental 95,000 shares of Common Stock.
Although Mr. Kuhns has not made any additional proposals to the Issuer, he
is considering plans and proposals which relate to or would result in one or
more of the following (although he reserves the right to develop such plans or
proposals): (i) the acquisition of additional securities of the Issuer, or the
disposition of securities of the Issuer, either by Mr. Kuhns or investment funds
that he controls: (ii) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(iii) a sale or transfer of a material amount of assets of the Issuer or any of
its subsidiaries; (iv) a 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 Issuer's board of directors;
(v) a material change in the present capitalization or dividend policy of the
Issuer; (vi) any other material change in the business or corporate structure of
the Issuer; (vii) any change in the Issuer's certificate of incorporation or
by-laws or other actions which may impede the acquisition of control of the
Issuer by any person; (viii) causing a class of securities of the Issuer 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; (ix) a class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Exchange
Act; or (x) any action similar to any of those enumerated above.
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CUSIP No. 649290301 13D Page 4 of 5 Pages
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<PAGE>
Item 5. Interest In Securities Of The Issuer.
Mr. Kuhns is the beneficial owner of 165,133 shares of the Issuer's Common
Stock (representing 4.34% of the issued and outstanding Common Stock), including
29,369 shares owned by third parties for which he holds voting power pursuant to
irrevocable proxies and certain rights of first refusal, purchase options and
come-along-rights. Of these 165,133 shares, Mr. Kuhns has the sole voting and
dispositive power over 135,764 shares and solevoting power, but no dispositive
power, over an additional 29,369 shares.
During the last 60 days Mr. Kuhns has not personally acquired or disposed
of any shares.
Mr. Kuhns is the Manager of New Power Associates, LLC, the Member-Manager
of the Strategic Electric Power Fund, LLC, a private investment fund organized
on behalf of its members to make investments in the electric power sector. As
such, Mr. Kuhns may be considered to have a controlling interest in the affairs
of New Power Associates, LLC and the Strategic Electric Power Fund, LLC. Mr.
Kuhns has directed funds acquired from the Strategic Electric Power Fund to make
the following purchases of the Issuer's Common Stock:
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Trade Date Settlement Date Number of Shares Price per Share
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11/1/99 11/4/99 40,000 $.5675
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11/3/99 11/6/99 20,000 $.50
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11/4/99 11/7/99 30,000 $.50
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11/8/99 11/11/99 5,000 $.50
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TOTAL: 95,000 AVERAGE: $ .529
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Mr. Kuhns is not the beneficial owner of the abovementioned 95,000 shares
of the Issuer's Common Stock which are owned by the Strategic Electric Power
Fund. However, Mr. Kuhns has solevoting and dispositive power over these shares.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect To
Securities Of The Issuer.
There is no contract between Mr. Kuhns or any other person with respect to
any securities of the Issuer including, but not limited to transfer or voting of
any security, finder's fees, joint ventures, loan or options arrangements, puts
or calls, guarantees of profits, division of profit or losses, or the giving or
holding of proxies, except as described herein.
Because of the relationship between Mr. Kuhns and the Strategic Electric
Power Fund, LLC, shares owned by Mr. Kuhns and the Strategic Electric Power Fund
may be deemed to be under the control of Mr. Kuhns.
Item 7. Exhibits.
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.
Dated: June 22, 1999
By: /s/ John D. Kuhns
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John D. Kuhns
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CUSIP No. 649290301 13D Page 5 of 5 Pages
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