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FORM 4 OMB APPROVAL
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[ ] Check this box if no OMB Number: 3235-0287
longer subject to Expires: September 30, 1998
Section 16. Form 4 Estimated average burden
or Form 5 obligations hours per response .... 0.5
may continue. See ---------------------------
Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Waters, Louis A. Tyler Corporation (TYL) to Issuer (Check all applicable)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year Officer (give Other (specify
520 Post Oak Boulevard, Suite 850 Person (Voluntary) June/1998 ---- title --- below)
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(Street) 5. If Amendment,
Houston, TX 77027 Date of Original
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(City) (State) (Zip) 7. Individual or Joint/Group Filing
------------- (Check Applicable Line)
X Form filed by One Reporting
--- Person
Form filed by More than One
--- Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 06/02/98 J(1) 509,900 A 509,900 D(2)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
SEC 1474 (7/96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Stock Purchase Warrant $2.50 n/a n/a n/a 9/10/97 9/10/07 Common Stock 2,000,000 (3)
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9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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2,000,000 I(3) (3)
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Explanation of Responses:
(1) Richmond Partners, Ltd., of which the reporting person is the general
partner, made a partial liquidating distribution to its partners of all of
the 2,000,000 shares of Tyler Corporation Common Stock that Richmond
Partners, Ltd. previously held. In prior reports, the reporting person
reported indirect beneficial ownership of 2,000,000 shares of Tyler
Corporation common stock held by Richmond Partners, Ltd.
(2) Louis A. Waters, Individually, acquired 509,900 shares of Tyler
Corporation common stock pursuant to the partial liquidating distribution
from Richmond Partners, Ltd.
(3) As previously reported, through Richmond Partners, Ltd., the reporting
person beneficially holds a stock purchase warrant for 2,000,000 shares of
Tyler Corporation common stock, which was acquired in the same transaction
as the common stock, the disposition of which is the subject of this
report. In such transaction, the Richmond Partners, Ltd. paid an aggregate
purchase price, which the reporting person has disclosed in prior reports.
Richmond Partners, Ltd.'s holding of such stock purchase warrant has not
changed, nor has the reporting person's beneficial ownership of Richmond
Partners, Ltd.
/s/ Louis A. Waters July 8, 1998
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. ----------------------------- ------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Louis A. Waters Date
**Signature of
Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure. Page 2SEC 1473 (3/91)
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