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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________________
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
COST-U-LESS, INC.
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(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
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(Title of Class of Securities)
221492 10 1
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(CUSIP Number of Class of Securities)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(c)
Page 1 of 7 Pages
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CUSIP NO. 221492101 SCHEDULE 13G PAGE 2 OF 7 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wayne V. Keener
SSN: ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
Not applicable
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF
224,042 (1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
224,042 (1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
224,042 (1)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.0%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 7 Pages
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NOTES TO SCHEDULE 13G FOR WAYNE V. KEENER
(1) Includes 221,387 shares held by Keener's, Inc., and 2,360 shares
subject to options exercisable as of December 31, 1998. Mr. Keener has
sole voting and investment power with respect to the shares held by
Keener's, Inc.
Page 3 of 7 Pages
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ITEM 1(A). NAME OF ISSUER.
This Schedule 13G relates to Cost-U-Less, Inc., a Washington corporation
(the "Company").
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The Company's principal executive offices are located at 12410 S.E. 32nd
Street, Bellevue, Washington 98005.
ITEM 2(A). NAME OF PERSON FILING.
This Schedule 13G relates to Wayne V. Keener.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The business address of the reporting person is 12410 S.E. 32nd Street,
Bellevue, Washington 98005.
ITEM 2(C). CITIZENSHIP.
Mr. Keener is a United States citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
This Schedule 13G relates to the Company's common stock, $.001 par value
per share (the "Common Stock").
ITEM 2(E). CUSIP NUMBER.
The CUSIP Number for the Company's Common Stock is 221492 10 1.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS A:
NOT APPLICABLE.
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance Company as defined in Section 3(a)(19) of the Exchange
Act.
Page 4 of 7 Pages
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(d) [_] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) [_] A parent or holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [_]
ITEM 4. OWNERSHIP.
The following describes the ownership of Common Stock by Mr. Keener as of
December 31, 1998:
(a) Amount beneficially owned: 224,042 (1)
(b) Percent of class: 6.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 224,042 (1)
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
224,042 (1)
(iv) Shared power to dispose or to direct the disposition of: 0
____________________
(1) Includes 221,387 shares held by Keener's, Inc., and 2,360
shares subject to options exercisable as of December 31,
1998. Mr. Keener has sole voting and investment power with
respect to the shares held by Keener's, Inc.
Page 5 of 7 Pages
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
Not applicable.
Page 6 of 7 Pages
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SIGNATURE
After reasonable inquiry and to best of my knowledge and belief, I hereby
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 9, 1999
/s/ Wayne V. Keener
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Wayne V. Keener
Page 7 of 7 Pages
