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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
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INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC.
(NAME OF ISSUER)
COMMON STOCK
(TITLE OF CLASS OF SECURITIES)
00794-71-04
(CUSIP NUMBER)
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:
|_| Rule 13d-1 (b)
|X| Rule 13d-1 (c)
|_| Rule 13d-1 (d)
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* 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 the disclosures provided in a prior cover page.
The information required in 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. 00794-71-04 13G Page 2 of 7 Pages
1. NAME OF REPORTING PERSON, I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY): Robert A. Mackie, Jr., Social Security No. ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*: (a) |_|
(b) |X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
NUMBER OF SHARES 5. SOLE VOTING POWER: 1,482,000
BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH 6. SHARED VOTING POWER: 465,736
7. SOLE DISPOSITIVE POWER: 1,482,000
8. SHARED DISPOSITIVE POWER: 465,736
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,947,736
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 8.23%
12. TYPE OF REPORTING PERSON*: IN
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* See Instructions before filling out!
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CUSIP NO. 00794-71-04 13G Page 3 of 7 Pages
1. NAME OF REPORTING PERSON, I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY): R.A. Mackie & Co., L.P., Fed. I.D. No. 13-3553219
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*: (a) |_|
(b) |X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
NUMBER OF SHARES 5. SOLE VOTING POWER:
BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH 6. SHARED VOTING POWER: 465,736
7. SOLE DISPOSITIVE POWER:
8. SHARED DISPOSITIVE POWER: 465,736
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 465,736
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:*
|_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.06%
12. TYPE OF REPORTING PERSON*: BD
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* See Instructions before filling out!
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CUSIP NO. 00794-71-04 13G Page 4 of 7 Pages
Schedule 13G of Robert A. Mackie, Jr. and R.A. Mackie & Co., L.P. with respect
to the Class A common stock (the "Common Shares") of Advanced Environmental
Recycling Technologies, Inc. (the "Company").
ITEM 1 (a) NAME OF ISSUER:
Advanced Environmental Recycling Technologies, Inc.
ITEM 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
901 W. Robinson, Springdale, Arkansas.
ITEM 2 (a) NAME OF PERSON FILING:
Robert A. Mackie, Jr.
R.A. Mackie & Co., L.P.
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
18 North Astor Street, Irvington, New York 10533.
ITEM 2 (c) CITIZENSHIP:
R.A. Mackie & Co., L.P. is a Delaware limited partnership.
Robert A. Mackie, Jr.
ITEM 2 (d) TITLE OF CLASS OF SECURITIES:
Class A Common Stock (the "Common Shares")
ITEM 2 (e) CUSIP NUMBER:
00794-71-20
ITEM (3) IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B) or (C), CHECK WHETHER THE PERSON FILING IS A:
(a) ( ) Broker or Dealer registered under Section 15 of
the Securities Exchange Act of 1934 (the "Act")
(b) ( ) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section
3(a)(19) of the Act
(d) ( ) Investment Company registered under Section 8
of the Investment Company Act of 1940
(e) ( ) An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
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CUSIP NO. 00794-71-04 13G Page 5 of 7 Pages
(f) ( ) An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) ( ) A parent 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) ( ) A 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. |X|
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
1,947,736
(b) Percentage of Class:
8.23% (based on the 22,135,330 Common Shares reported to
be outstanding in the Company's Quarterly Report on Form
10-QSB for the quarter ended September 30, 1998 and
after giving effect to the shares issuable upon exercise
of the warrants held by them).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,482,000
(ii) shared power to vote or to direct the vote:
465,736
(iii) sole power to dispose or to direct the disposition
of: 1,482,000
(iv) shared power to dispose to direct the disposition
of: 465,736
Mr. Mackie is the beneficial and sole owner of 420,000 Class A Common
Shares, 1,012,000 Class B Warrants of the Company and 50,000 other warrants of
the Company. R.A. Mackie & Co., L.P. is the beneficial and sole owner of
156,136 Class B Warrants of the Company and 57,500 warrants of the Company.
R.A. Mackie & Co., L.P. is also due an additional 252,100 warrants from the
Company.
Mr. Mackie has the sole power to vote, or direct the vote, and the
sole power to dispose, or direct the disposition, of the 1,482,000 Common Shares
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 465,736 Common Shares deemed to be owned by R.A. Mackie & Co., L.P.
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CUSIP NO. 00794-71-04 13G Page 6 of 7 Pages
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. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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CUSIP NO. 00794-71-04 13G Page 7 of 7 Pages
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: February 10, 1999
R.A. MACKIE & CO., L.P.
/s/ Robert A. Mackie, Jr. By: /s/ Robert A. Mackie, Jr.
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Robert A. Mackie, Jr. Robert A. Mackie, Jr., General Partner
