UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Trailer Bridge, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
89782 10 3
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(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)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
* 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).
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE> Page 2 of 5
CUSIP No. 89782 10 3
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John D. McCown
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 1,359,700
SHARES __________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY N/A
EACH __________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,359,700
WITH __________________________________________________
8 SHARED DISPOSITIVE POWER
N/A
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,359,700
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
________________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
________________________________________________________________________________
<PAGE> Page 3 of 5
CUSIP No. 89782 10 3
Item 1(a). Name of Issuer:
Trailer Bridge, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
10405 New Berlin Road, East
Jacksonville, FL 32226
Item 2(a). Name of Person Filing:
John D. McCown
Item 2(b). Address of Principal Business Office or, if none,
Residence:
660 Madison Avenue, 10th Floor
New York, NY 10021-8405
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e). CUSIP Number:
89782 10 3
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:
Inapplicable
Item 4. Ownership (as of December 31, 1998)
(a) Amount Beneficially Owned: 1,359,700
(b) Percent of Class: 13.9%
<PAGE> Page 4 of 5
CUSIP No. 89782 10 3
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,359,700*
(ii) shared power to vote or to direct the
vote:
Inapplicable
(iii) sole power to dispose or to direct the
disposition of:
1,359,700*
(iv) shared power to dispose or to direct the
disposition of:
Inapplicable
*Includes 1,334,500 shares subject to immediately
exercisable options granted to Mr. McCown by
Malcom P. McLean
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Inapplicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By
the Parent Holding Company.
Inapplicable
Item 8. Identification and Classification of Members of the
Group.
Inapplicable
Item 9. Notice of Dissolution of Group.
Inapplicable
Item 10. Certification.
Inapplicable
<PAGE> Page 5 of 5
CUSIP No. 89782 10 3
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.
February 8, 1999
/s/ John D. McCown
John D. McCown
