INTERNATIONAL AIRLINE SUPPORT GROUP INC
4, 1997-11-14
MACHINERY, EQUIPMENT & SUPPLIES
Previous: VIKING OFFICE PRODUCTS INC, 10-Q, 1997-11-14
Next: MEDICIS PHARMACEUTICAL CORP, 10-Q, 1997-11-14






<PAGE>                                                Page 1 of 3


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

( ) Check this box if no longer subject to Section 16.  Form 4 or
    Form 5 obligations may continue.  See Instruction 1(b).

1.  Name and Address of Reporting Person

    Cardinal Recovery Partners, L.P.
    One Fawcett Place
    Greenwich, Connecticut  06830

2.  Issuer Name and Ticker or Trading Symbol

    International Airline Support Group, Inc.
    IASG

3.  IRS Number of Reporting Person (Voluntary)

4.  Statement for Month/Year
    6/97

5.  If Amendment, Date of Original (Month/Year)
    10/96

6.  Relationship of Reporting Person(s)to Issuer (Check all
    applicable)
    (  ) Director  (X) 10% Owner  (  ) Officer (give title below)
    (  ) Other (specify below)

7.  Individual or Joint/Group Filing (check Applicable Line)
      X    Form filed by One Reporting Person
           Form filed by More than One Reporting Person



<PAGE>                                                Page 2 of 3

<TABLE>
<CAPTION>
                                         TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
                                               DISPOSED OF, OR BENEFICIALLY OWNED

1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities         | 5. Amount of       | 6. Ownership  |7.  Nature of |
   (Instr. 3)       |    Date       |    Code       |    Acquired (A)       |    Securities      |    Form:      |    Indirect  |
                    |               |    (Instr. 8) |    or Disposed        |    Beneficially    |    Direct (D) |    Beneficial|
                    |    (Month/    |               |    of (D)             |    Owned at End    |    or Indirect|    Ownership |
                    |    Day/       |               |    (Instr. 3,4,       |    of Month        |    (I)        |    (Instr. 4)|
                    |    Year)      |               |    and 5)             |    (Instr. 3 and 4)|    (Instr. 4) |              |
                    |               |          |    |          |(A) or|     |                    |               |              |
                    |               |    Code  | V  |    Amount|(D)   |Price|                    |               |              |
_________________________________________________________________________________________________________________________________
<S>                   <C>             <C>        <C>  <C>       <C>    <C>     <C>                 <C>             <C>
   Common Stock          6/20/97         S               2,000   D      $5.61                         D
- ---------------------------------------------------------------------------------------------------------------------------------
   Common Stock          6/25/97         S               2,000   D      $5.69                         D
- ---------------------------------------------------------------------------------------------------------------------------------
   Common Stock          6/26/97         S               2,000   D      $5.82                         D
- ---------------------------------------------------------------------------------------------------------------------------------
   Common Stock          6/30/97         S               10,200  D      $6.45  477,338                D
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>                                                Page 3 of 3

<TABLE>
<CAPTION>
                                           TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
                                               DISPOSED OF, OR BENEFICIALLY OWNED

1. Title of        | 2. Conver-  | 3. Trans-  | 4. Trans-  | 5. Number of    | 6. Date Exer-     | 7. Title and Amount |
   Derivative      |    sion or  |    action  |    action  |    Derivative   |    cisable and    |    of Underlying    |
   Security        |    Exercise |    Date    |    Code    |    Securities   |    Expiration     |    Securities       |
   (Instr. 3)      |    Price of |    (Month/ |    (Instr. |    Acquired     |    Date           |    (Instr. 3 and 4) |
                   |    Deri-    |    Date/   |    8)      |    (A) or       |    (Month/Day/    |                     |
                   |    vative   |    Year)   |            |    Disposed of  |    Year)          |                     |
                   |    Security |            |            |    (D) (Instr.  |                   |                     |
                   |             |            |            |    3, 4 and 5)  |                   |                     |
                   |             |            |____________|_________________|___________________|_____________________|
                   |             |            |      |     |        |        |         |         |        |            |
                   |             |            |      |     |        |        | Date    | Expira- |        | Amount or  |
                   |             |            |      |     |        |        | Exer-   | tion    |        | Number of  |
                   |             |            | Code |  V  |  (A)   |  (D)   | cisable | Date    | Title  | Shares     |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
<S>                |<C>          |<C>         |<C>   |<C>  |<C>     |<C>     |<C>      |<C>      |<C>     |<C>         |
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         |         |        |            |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
</TABLE>

<TABLE>
|  8. Price of          | 9. Number of      | 10. Ownership     | 11. Nature of   |
|     Derivative        |    derivative     |     Form of       |     Indirect    |
|     Security          |    Securities     |     Derivative    |     Beneficial  |
|     (Instr. 5)        |    Benefi-        |     Security      |     Ownership   |
|                       |    cially         |     Direct (D)    |     (Instr. 4)  |
|                       |    Owned at       |     or Indirect   |                 |
|                       |    End of         |     (I) (Instr.   |                 |
|                       |    Month          |     4)            |                 |



<PAGE>                                                Page 4 of 3

|                       |    (Instr. 4)     |                   |                 |
|_______________________|___________________|___________________|_________________|
|<S>                    |<C>                |<C>                |<C>              |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
|                       |                   |                   |                 |
|_______________________|___________________|___________________|_________________|
</TABLE>

Cardinal Recovery Partners, L.P.

      By: Cardinal Capital Management, L.L.C., General Partner

      By: /s/ Hannah H. Strasser   November 14, 1997
      __________________________   _________________
         Hannah H. Strasser            Date

**Signature of
  Reporting Person

**    Intentional misstatements or omissions of facts constitute
      Federal Criminal Violations.  See U.S.C. 1001 and 15 U.S.C.
      78ff(a).

Note:  File three copies of this Form, one of which must be
manually signed.  If space is sufficient, see Instruction 6 for
procedure.











01269001.AF6



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission