UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
INTERNATIONAL AIRLINE SUPPORT GROUP, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
458865201
(CUSIP Number)
Alexius Dyer, III
1954 Airport Road, Suite 200
Atlanta, GA 30341
(770) 455-7575
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
Copy to:
Philip A. Theodore
King & Spalding
191 Peachtree Street, N.E.
Atlanta, Georgia 30303-1764
(404) 572-4676
JANUARY 13, 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 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: <square>
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.
(Continued on following pages)
Page 1 of 5 Pages
<PAGE>
CUSIP No. 458865201 13D
<TABLE>
<CAPTION>
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Alexius A. Dyer, III
<S> <C> <C> <C>
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) <square>
(b) <checked-box>
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) <square>
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 7 SOLE VOTING POWER 157,156
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
8 SHARED VOTING POWER -0-
9 SOLE DISPOSITIVE POWER 157,156
10 SHARED DISPOSITIVE POWER -0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,156
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES <square>
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.12%
14 TYPE OF REPORTING PERSON
IN
</TABLE>
Page 2 of 5 Pages
<PAGE>
Item 1. Security and Issuer
The class of equity securities to which this Statement on Schedule
13D relates is the common stock, par value $.001 per share (the "Common
Stock"), of International Airline Support Group, Inc., a Delaware corporation
(the "Issuer"). The Issuer's principal executive offices are located at 1954
Airport Road, Suite 200, Atlanta, Georgia 30341.
Item 2. Identity and Background
(a)-(c) This Schedule 13D is filed on behalf of Alexius Dyer, III, an
individual (the "Reporting Person"). The Reporting Person's address is 1954
Airport Road, Suite 200, Atlanta, Georgia 30341. The Reporting Person's
principal occupation is Chairman, Chief Executive Officer and President of the
Issuer.
(d)-(e) During the last five years, the
Reporting Person has not (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction and, as a result of such proceeding, become 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.
(f) The Reporting Person is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The source of funds was the Reporting Person's personal funds in the
amount of $210,163.
Item 4. Purpose of Transaction
The Reporting Person has acquired the shares of Common Stock for
investment purposes only. The Reporting Person may acquire additional shares
of Common Stock, dispose of all or some of such shares from time to time, in
each case in open market transactions, block sales or purchases or otherwise,
or may continue to hold such shares.
The Reporting Person has no plans or proposals that relate to or
would result in any of the matters referred to in paragraphs (a)-(j) of Item 4
of Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a)-(b) The Reporting Person beneficially owns
157,156 shares of Common Stock, or approximately 6.12% of the shares of Common
Stock outstanding. This percentage is based on 2,569,167 shares of Common
Page 3 of 5 Pages
<PAGE>
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, 157,156 shares of Common Stock.
(c) The transactions in the shares of Common Stock that were
effected during the past 60 days by the Reporting Person each involved the
acquisition of the shares of Common Stock on the open market as follows:
DATE OF PURCHASE AMOUNT OF SHARES PRICE PER SHARE PURCHASE PRICE
December 14, 1998 3,800 $3.625 $ 13,775.00
December 15, 1998 300 $3.4375 $ 1,031.25
December 21, 1998 600 $3.625 $ 2,175.00
January 4, 1999 4,000 $4.78125 $ 19,125.00
January 13, 1999 40,551 $3.00 $ 121,653.00
January 13, 1999 15,820 $3.3125 $ 52,403.75
The Reporting Person became the beneficial owner of more than five percent
of the outstanding Common Stock on January 13, 1999.
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.
Page 4 of 5 Pages
<PAGE>
SIGNATURES
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: January 22, 1999
/S/ ALEXIUS DYER, III
---------------------
Alexius Dyer, III
Page 5 of 5 Pages
