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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
YOUTH SERVICES INTERNATIONAL, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
987816 10 5
(CUSIP Number)
Parker W. Duncan, Esq.
Wyatt, Tarrant & Combs
Suite 1500
511 Union Street
Nashville, TN 37219
(615) 244-0020
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 1, 1998
(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. [ ]
Check the following box if a fee is being paid with this statement. [ ]
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CUSIP NO. - 987816 10 5
<TABLE>
<S> <C> <C>
(1) Name of reporting person.........................................................................Jacob May
S.S. No. of above person..................................................................SSN ###-##-####
(2) Check the appropriate box
if a member of a group
(see instructions).....................................................................................(a)
(b) X
(3) SEC use only.................
(4) Source of funds (see instructions)......................................................................PF
(5) Check box if disclosure
of legal proceedings is
required pursuant to
Items 2(d) or 2(e).....................................................................................N/A
(6) Citizenship or place
of organization........................................................................................USA
Number of shares beneficially owned by each reporting person with:
(7) Sole voting power.........................................................................730,100
(8) Shared voting power.............................................................................0
(9) Sole dispositive power....................................................................730,100
(10) Shared dispositive power........................................................................0
(11) Aggregate amount beneficially
owned by each reporting person.....................................................................730,100
(12) Check box if the aggregate amount
in Row (11) excludes certain
shares (see instructions)..............................................................................N/A
(13) Percent of class represented
by amount in Row (11).................................................................................7.1%
(14) Type of reporting person................................................................................IN
</TABLE>
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Item 1. Security and Issuer
(A) Issuer:
Youth Services International, Inc. (the "Issuer")
(B) Principal Business Address of Issuer
2 Park Center Court
Suite 200
Owings Mill, Maryland 21117
(C) Title of Class of Securities
This statement relates to shares of the common stock
("Common Stock") of the Issuer.
Item 2. Identity and Background
(A) Name of person filing this statement
This statement is filed by Jacob May (the "reporting
person").
(B) Address of Principal Business Office of the reporting person
1900 Church Street, Suite 400
Nashville, Tennessee 37203
(C) Principal Occupation of the reporting person
Investor
(D) Criminal Proceedings During the Last Five Years Against the
reporting person
N/A
(E) Civil Proceedings During the Last Five Years Against the
reporting person
N/A
(F) Citizenship
USA
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Item 3. Sources and Amount of Funds or Other Consideration
The reporting person has used $6,048,188 of personal
funds to purchase the Common Stock that is the
subject of this statement.
Item 4. Purpose of Transaction
On May 28, 1998, the reporting person purchased
150,000 shares of the Issuer's Common Stock. On May
29, 1998 the reporting person purchased 101,100
shares of the Issuer's Common Stock. On May 30, 1998,
the reporting person purchased 100,000 shares of the
Issuer's Common Stock.
On June 1, 1998, the reporting person purchased
184,000 shares of the Issuer's Common Stock. On June
2, 1998, the reporting person purchased 20,000 shares
of the Issuer's Common Stock. On June 3, 1998, the
reporting person purchased 60,000 shares of the
Issuer's Common Stock. On June 4, 1998, the reporting
person purchased 65,000 shares of the Issuer's Common
Stock. On June 5, 1998, the reporting person
purchased 50,000 shares of the Issuer's Common Stock.
The reporting person has purchased the Common Stock
of the Issuer for investment purposes only.
The reporting person has no present plan or proposal
which relates to or would result in: (i) the
acquisition by any person of additional securities of
the Issuer, or the disposition of securities of the
Issuer, other than for investment purposes, (ii) an
extraordinary corporate transaction, such as a
merger, reorganization or liquidation involving the
Issuer or any of its subsidiaries, (iii) a sale or
transfer of a material amount of assets of the Issuer
or any of its subsidiaries, (iv) any change in the
present board of directors or management of the
Issuer, including any plans or proposals to change
the number or term of directors or to fill any
existing vacancies on the board, (v) any material
change in the present capitalization or dividend
policy of the Issuer, (vi) any other material change
in the Issuer's business or corporate structure,
(vii) changes in the Issuer's charter, bylaws or
instruments corresponding thereto or other actions
which may impede the acquisition of control of the
Issuer by any person, (viii) causing a class of
securities of the Issuer to be delisted from a
national securities exchange or cease to be
authorized to be quoted in an inter-dealer quotation
system of a registered national securities
association, (ix) a class of equity securities of the
Issuer becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934, or (x) any action
similar to any of those enumerated above.
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Item 5. Interest in Securities of the Issuer
a. and b. Beneficial Interest: Jacob May
<TABLE>
<S> <C> <C> <C>
i. Owned 730,100 7.1%
ii. Sole Voting Power 730,100 7.1%
Shared Voting Power 0 0.0%
Sole Dispositive Power 730,100 7.1%
Shared Dispositive Power 0 0.0%
</TABLE>
c. In addition to the purchases of the Issuer's Common
Stock reported in Item 4, above, the purchases of the
Issuer's Common Stock listed below were effected by
the reporting person. These purchases were made for
certain members of the reporting person's family. The
source of funds for these purchases were funds of the
respective family member for whom the purchases were
made. The purchases were made for investment purposes
only for such persons.
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<TABLE>
<CAPTION>
Purchaser Date Shares Price Per Share
- - --------- ---- ------ ---------------
<S> <C> <C> <C>
Abraham May May 28, 1998 1,000 10.688
May 29, 1998 800 7.063
June 3, 1998 1,000 6.313
Rachel May May 28, 1998 1,000 10.688
May 29, 1998 800 7.063
June 3, 1998 1,000 6.313
Jonathan May May 28, 1998 1,000 10.688
May 29, 1998 800 7.063
June 3, 1998 1,000 6.313
David May May 28, 1998 1,000 10.688
May 29, 1998 800 7.063
June 3, 1998 1,000 6.313
Hannah Wolfman May 28, 1998 1,000 10.688
May 29, 1998 800 7.063
June 3, 1998 1,000 6.313
Celia Wolfman May 28, 1998 1,000 10.688
May 29, 1998 800 7.063
June 3, 1998 1,000 6.313
Willy Wolfman May 28, 1998 1,000 10.688
May 29, 1998 700 7.063
June 3, 1998 1,000 6.313
Leon May June 1, 1998 60,000 7.30
Andy Hirt May 28, 1998 3,000 10.625
June 1, 1998 5,000 7.125
June 3, 1998 3,000 6.25
</TABLE>
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<TABLE>
<CAPTION>
Purchaser Date Shares Price Per Share
- - --------- ---- ------ ---------------
<S> <C> <C> <C>
June 4, 1998 3,000 6.56
Frank May May 28, 1998 3,000 10.625
June 1, 1998 5,000 7.125
June 3, 1998 3,000 6.25
June 4, 1998 3,000 6.56
</TABLE>
The reporting person disclaims any beneficial
interest in the shares of the Issuer's Common Stock
listed in this Item 5(c). The reporting person also
disclaims that the individuals listed in this Item
5(c) and the reporting person comprise a group within
the meaning of Section 13(d)(3) of the Exchange Act.
The reporting person has not engaged in any
transaction with respect to the Issuer's Common Stock
in the past sixty (60) days, except with respect to
the transactions described in Item 4 and in Item
5(c).
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
N/A
Item 7. Material to Be Filed as Exhibits.
N/A
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.
Date: June 11, 1998 /s/ Jacob May
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Jacob May
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