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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
INTERNATIONAL AIRLINE SUPPORT GROUP, INC.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
458865201
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(CUSIP Number)
W. Robert Ramsdell
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474 Paseo Miramar
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Pacific Palisades, CA 90272
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(310) 459-5617
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
Copy to:
Arthur L. Zwickel, Esq.
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Paul, Hastings, Janofsky & Walker LLP
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555 South Flower Street
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Los Angeles, CA 90017-2371
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(213) 683-6102
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June 11, 1997
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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 [_].
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 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. 458865201 13D PAGE 2 OF 3 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
W. ROBERT RAMSDELL
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
NOT APPLICABLE
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
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SOLE VOTING POWER
7
NUMBER OF 115,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 115,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
115,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.8%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 3 pages
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ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to the common stock, par value $.001 per share
(the "Common Stock"), of International Airline Support Group, Inc., a Delaware
corporation (the "Issuer"). The principal executive offices of the Issuer are
located at 8095 N.W. 64th Street, Miami, Florida 33166.
ITEM 2. IDENTITY AND BACKGROUND.
This Schedule 13D is filed on behalf of W. Robert Ramsdell, an individual
(the "Reporting Person"). The Reporting Person's address is 474 Paseo Miramar,
Pacific Palisades, California 90272. The Reporting Person's principal occupation
is an investor. The Reporting Person is a citizen of the United States.
During the last five years, the Reporting Person has not been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors),
nor was the Reporting Person a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, 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.
Not applicable.
ITEM 4. PURPOSE OF THE TRANSACTION.
The Reporting Person has disposed of 47,178 shares of Common Stock.
The Reporting Person does not currently have any plan or proposal that
relates to or would result in any action enumerated in Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The Reporting Person beneficially owns 115,000 shares of Common Stock, or
approximately 4.8% of the shares of Common Stock outstanding. This percentage is
based on 2,395,095 shares of Common Stock outstanding as contained in the most
recently available filing with the Securities and Exchange Commission by the
Issuer. The Reporting Person has sole power to vote or to direct the vote, and
sole power to dispose or to direct the disposition of, 115,000 shares of Common
Stock.
On June 11, 1997 the Reporting Person disposed of 42,178 shares of Common
Stock for $ 4.625 per share on the open market.
The Reporting Person ceased to be the beneficial owner of more than five
percent of the outstanding Common Stock on June 11, 1997.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
The Reporting Person has no contracts, arrangements, understandings or
relations (legal or otherwise) with any person with respect to the Common Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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: July 25, 1997
/s/ W. Robert Ramsdell
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W. Robert Ramsdell
