<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Craftmade International, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
22413E-10-4
-------------------------------------------
(CUSIP Number)
Mr. John S. DeBlois
30 Eastbrook Road, #301
Dedham, Massachusetts 02026
(781) 329-6519
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
May 11, 1999
---------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of section 240.13d-1(e), (f) or (g), check the following box
[ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See section 240.13d-7(b) 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).
<PAGE> 2
SCHEDULE 13D
CUSIP No. 22413E-10-4 Page 2 of 5 Pages
- ---------------------- -----------------
<TABLE>
<S> <C>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
John S. DeBlois
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not applicable
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
338,413
------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES -0-
BENEFICIALLY ------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING 299,571 (1)
PERSON ------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
338,413
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
</TABLE>
(1) The number of shares indicated does not include 38,842 shares of stock
held in an escrow account (the "Escrow Shares") pursuant to the terms
of that certain Escrow Agreement, dated July 1, 1998 (the "Escrow
Agreement"). The Escrow Agreement provides that Mr. DeBlois does not
have dispositive power over the Escrow Shares until July 1, 2000.
Additionally, after July 1, 1999, Craftmade International, Inc., in
its sole discretion, may release some or all of the Escrow Shares.
<PAGE> 3
AMENDMENT NO. 1 TO SCHEDULE 13D
The Schedule 13D relating to shares of Common Stock, par value $0.01
per share ("Common Stock"), of Craftmade International, Inc., a Delaware
corporation ("Company"), as filed by John S. DeBlois ("DeBlois"), is hereby
amended as set forth below. Unless otherwise indicated, all terms referred to
herein shall have the meaning as set forth in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended by adding the following thereto:
(a) Aggregate Number and Percentage of Shares Beneficially Owned
by DeBlois:
338,413 shares; 4.5%
(b) 1. Shares that DeBlois has sole power to vote or direct vote:
338,413
2. Shares that DeBlois has shared power to vote or direct
vote:
-0-
3. Shares that DeBlois has sole power to dispose or direct
the disposition:
299,571
The number of shares indicated does not include
38,842 Escrow Shares held pursuant to the terms of
the Escrow Agreement. The Escrow Agreement provides
that DeBlois does not have dispositive power over
the Escrow Shares until July 1, 2000. Additionally,
the Escrow Agreement provides that after July 1,
1999, the Company, in its sole discretion, may
release some or all of the Escrow Shares.
4. Shares that DeBlois has shared power to dispose or direct
the disposition:
-0-
(c) Since October 23, 1998, the date of the most recent filing by
DeBlois on Schedule 13D, DeBlois has sold Common Stock in the manner, in the
amounts, on the dates and at the prices set forth on Schedule 1 attached hereto
and incorporated by reference. These shares were sold pursuant to an effective
registration statement on Form S-3 that was filed with the Securities and
Exchange Commission on January 20, 1999.
(e) DeBlois ceased to be the beneficial owner of more than five
percent of the shares of Common Stock on March 10, 1999.
Page 3 of 5
<PAGE> 4
SIGNATURE
After reasonable inquiry to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 18, 1999.
/s/ John S. DeBlois
--------------------------------
John S. DeBlois
Page 4 of 5
<PAGE> 5
SCHEDULE 1
DeBlois has engaged in the following transactions in shares of Common
Stock since October 23, 1998, the date of the most recent filing by DeBlois on
Schedule 13D.
<TABLE>
<CAPTION>
Where and How
Transaction Date Number of Shares Price Per Share Transaction was Effected
---------------- ---------------- --------------- ------------------------
<S> <C> <C> <C>
February 25, 1999 4,000 $14.88 Open market
transaction
February 26, 1999 5,000 14.88 Open market
transaction
March 10, 1999 10,000 14.06 Open market
transaction
March 18, 1999 7,500 14.56 Open market
transaction
March 23, 1999 3,000 14.81 Open market
transaction
March 26, 1999 5,000 14.81 Open market
transaction
April 26, 1999 3,500 13.75 Open market
transaction
April 27, 1999 9,000 14.00 Open market
transaction
May 11, 1999 3,000 12.94 Open market
transaction
</TABLE>
Page 5 of 5