PROSPECTUS SUPPLEMENT
(To Prospectus dated February 6, 1997)
Filed pursuant to Rule 424(b)(3)
Registration Statement File No. 333-20921
SEACOR SMIT INC.
(FORMERLY SEACOR HOLDINGS, INC.)
790,736
SHARES OF COMMON STOCK
($.01 PAR VALUE)
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS SUPPLEMENT OR THE ACCOMPANYING
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus Supplement is July 1, 1997.
N:\DATA\93\73293\0004\2579\PROSSUP1.DOC
<PAGE>
SELLING STOCKHOLDERS
The "Selling Stockholders" section of the Prospectus dated
February 6, 1997, forming a part of the Registration Statement on Form S-3, File
No. 333-20921 (the "Prospectus"), relating to the offer and sale of up to
790,736 shares (the "Shares") of common stock, par value $.01 per share (the
"Common Stock"), of SEACOR SMIT Inc., formerly SEACOR Holdings, Inc. (the
"Company"), is hereby supplemented.
The purpose of this Prospectus Supplement is to add the name
of a certain donee of a Selling Stockholder to the "Selling Stockholders"
section of the Prospectus. This Prospectus Supplement is not complete without,
and may not be delivered or utilized except with, the Prospectus, including any
amendments or supplements thereto. Capitalized terms used herein but not defined
herein have the meanings assigned to such terms in the Prospectus. Any cross
references in this Prospectus Supplement refer to sections of the Prospectus.
The information contained in the table included in the
"Selling Stockholders" section of the Prospectus is hereby supplemented as
follows:
<TABLE>
<CAPTION>
Beneficial Ownership Beneficial Ownership
at June 13, 1997(1) After Offering
-------------------- --------------------
Number of
Shares
Number Percent Covered by Number Percent
Selling Stockholders of Shares of Class this Prospectus of Shares of Class
-------------------- --------- -------- --------------- --------- --------
<S> <C> <C> <C> <C> <C>
The Jewish Communal Fund 10,000(2) * 10,000 -- --
130 East 59th Street
Suite 1204
New York, NY 10022-1302
</TABLE>
- ---------------------------
* Less than 1.0%.
(1) The information contained in this table reflects "beneficial" ownership
of the Common Stock within the meaning of Rule 13d-3 under the Exchange
Act. On June 13, 1997, the Company had 13,824,848 shares of Common Stock
outstanding, not including 162,762 shares of Common Stock held in the
Company's treasury. Unless otherwise indicated, all shares of Common
Stock are held directly with sole voting and dispositive power.
Beneficial ownership information reflected in this table includes shares
issuable upon the exercise of outstanding stock options.
(2) Steven Stern donated these 10,000 Shares to The Jewish Communal Fund on
June 9, 1997.
S-2
