UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. *)
Advanced Environmental Recycling Technologies, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
00794-71-04
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(CUSIP Number)
Bob E. Lehman, Esq.
Lehman & Eilen
50 Charles Lindbergh Boulevard, Suite 505
Uniondale, New York 11553
(516) 222-0888
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communication)
January 2, 1998
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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 /X/.
(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 of 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 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. 00794-71-04 13D Page 2 of 6 Pages
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON: Robert A. Mackie, Jr., Social Security No. ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP /X/
3. SEC USE ONLY
4. SOURCE OF FUNDS: PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION: U.S.
7. SOLE VOTING POWER: 1,300,000
8. SHARED VOTING POWER: 1,809,765
9. SOLE DISPOSITIVE POWER: 1,300,000
10. SHARED DISPOSITIVE POWER: 1,809,765
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,809,765
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
/ /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.2%
14. TYPE OF REPORTING PERSON: IN
<PAGE>
CUSIP NO. 00794-71-04 13D Page 3 of 6 Pages
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON: R.A. Mackie & Co., L.P., Fed. I.D. No. 13-3553219
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP /X/
3. SEC USE ONLY
4. SOURCE OF FUNDS: WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
7. SOLE VOTING POWER: 0
8. SHARED VOTING POWER: 509,765
9. SOLE DISPOSITIVE POWER: 0
10. SHARED DISPOSITIVE POWER: 509,765
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 509,765
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
/ /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.3%
14. TYPE OF REPORTING PERSON: BD
<PAGE>
CUSIP NO. 00794-71-04 13D Page 4 of 6 Pages
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC.
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(Name of Company)
Item 1. SECURITY AND ISSUER.
The title of the class of equity security to which this statement
relates is the common stock, $.001 par value per share ("Common Stock"), of
Advanced Environmental Recycling Technologies, Inc., a Delaware corporation (the
"Company"), whose principal executive offices are located at 901 West
Robinson, Springdale, Arkansas.
Item 2. IDENTITY AND BACKGROUND
This statement is filed by Robert A. Mackie, Jr. and R.A. Mackie & Co.,
L.P., a Delaware limited partnership. Mr. Mackie and R.A. Mackie & Co., L.P.
each maintain a business address at 18 North Astor Street, Irvington, New York
10533. Mr. Mackie is the sole shareholder, director and executive officer of
R.A. Mackie & Co., Inc., the general partner of R.A. Mackie & Co., L.P. R.A.
Mackie & Co., L.P. is a broker-dealer registered under the Securities Act of
1934, as amended, and a member of the National Association of Securities Dealers
Regulatory, Inc. During the last five years, neither Mr. Mackie nor R.A. Mackie
& Co., L.P. has been convicted in a criminal proceeding nor been a party to a
civil proceeding of a judicial or adminis trative body of competent jurisdiction
subjecting him or it, as the case may be, to a judgement, 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
The 420,000 shares of Class A Common Stock and 880,000 Class B Warrants
owned by Mr. Mackie were purchased with his own personal funds in open market
transactions. The 7,000 shares of Class A Common Stock and 502,765 Class B
Warrants owned by R.A. Mackie & Co., L.P. were purchased with its working
capital in open market transactions.
Item 4. PURPOSE OF THE TRANSACTION
The shares of Common Stock purchased by Mr. Mackie and R.A. Mackie &
Co., L.P. were acquired for investment purposes only.
<PAGE>
CUSIP NO. 00794-71-04 13D Page 5 of 6 Pages
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Mr. Mackie is the beneficial and sole owner of 420,000 shares of
Class A Common Stock and 880,000 Class B Warrants of the Company. Such 1,300,000
shares constitute approximately 6.0% of the shares of the Company's Common Stock
outstanding as of September 30, 1997 (after giving effect to the 880,000 shares
of Class A Common Stock issuable upon exercise of the Class B Warrants held by
him). R.A. Mackie & Co., L.P. is the beneficial and sole owner of 7,000 shares
of Class A Common Stock and 502,765 Class B Warrants, constituting approximately
2.3% of the shares of the Company's Class A Common Stock outstanding as of
September 30, 1997(after giving effect to the 502,765 shares issuable upon
exercise of the Class B Warrants held by it). The Class B Warrants held by Mr.
Mackie and R.A. Mackie are "out-of-the-money", however, they have been included
herein for the purpose of the calculation of beneficial ownership because they
currently are exercisable. By virtue of Mr. Mackie's control over R.A. Mackie &
Co., L.P., Mr. Mackie and R.A. Mackie & Co., L.P. have a deemed aggregate
beneficial ownership equal to 1,809,765 shares of Class A Common Stock, or 8.2%
of the shares of the Company's Class A Common Stock outstanding as of September
30, 1997 (after giving effect to the 1,382,765 shares issuable upon exercise of
the Class B Warrants held by them).
(b) Mr. Mackie has the sole power to vote, or direct the vote, and the
sole power to dispose, or direct the disposition, of the 1,040,566 shares of
Class A Common Stock deemed to be owned by him and shares with R.A. Mackie &
Co., L.P. the power to vote, or direct the vote, and the power to dispose, or
direct the disposition, of the 509,765 shares of Common Stock, deemed to be
owned by R.A. Mackie & Co., L.P.
(c) Mr. Mackie has not engaged in any transactions in the Company's
Class A Common Stock or Class B Warrants during the 60 days prior to the January
3, 1998 date of this Report other than his purchase of 420,000 shares of Class A
Common Stock in the open market on January 2, 1998 at a price of $.25 per share.
R.A. Mackie & Co., L.P. engaged in the following transactions in the Company's
Class A Common Stock during the 60 days prior to the January 3, 1998 date of
this Report:
January 2, 1998.........Sold 467,000 Class A shares at $.25 a share
December 29, 1997.........Sold 5,000 Class A shares at $.40625 a share
December 23, 1997.........Bought 2,000 Class A shares at $.375 a share
December 22, 1997.........Bought 3,000 Class B Warrants at $.001 a
warrant
December 16, 1997.........Bought 500 Class A shares at $.375 a share
December 15, 1997.........Bought 20,000 Class B Warrants at $.03125
a warrant
December 15, 1997.........Bought 8,000 Class B Warrants at $.01 a
warrant
December 12, 1997.........Bought 6,000 Class B Warrants at $.03125
a warrant
December 11, 1997.........Bought 13,000 Class B Warrants at $.03125
a warrant
<PAGE>
CUSIP NO. 00794-71-04 13D Page 6 of 6 Pages
December 11, 1997.........Bought 9,500 Class B Warrants at $.03125 a
warrant
December 8, 1997.........Bought 1,000 Class B Warrants at $.03125 a
warrant
December 5, 1997 ........Bought 2,500 Class B Warrants at $.03125 a
warrant
December 2, 1997.........Bought 7,000 Class B Warrants at $.03125 a
warrant
November 28, 1997.........Bought 5,000 Class A shares at $.40625 a
share
November 26, 1997.........Bought 5,000 Class A shares at $.40625 a
share
November 24, 1997.........Sold 500 Class B Warrants at $.125 a warrant
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Not applicable.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
Signatures
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After reasonable inquiry and to the best of his and its knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: As of January 3, 1998
R.A. Mackie & Co., L.P.
By: R.A. Mackie & Co., Inc.
By: /s/ Robert A. Mackie, Jr. /s/ Robert A. Mackie, Jr.
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Robert A. Mackie, Jr. Robert A. Mackie, Jr.,
Individually
