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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
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 10, 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.......................................815,100
(8) Shared voting power...........................................0
(9) Sole dispositive power..................................815,100
(10) Shared dispositive power......................................0
(11) Aggregate amount beneficially
owned by each reporting person...................................815,100
(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)...............................................8.1%
(14) Type of reporting person..............................................IN
</TABLE>
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The purpose of this amendment is to report the purchase of additional
shares of the Common Stock of the Issuer by the reporting person.
Items 3, 4 and 5 are amended by adding thereto the following
information:
Item 3. Sources and Amount of Funds or Other Consideration
The reporting person has used an additional $661,071.50 of
personal funds to purchase the additional shares of the
Issuer's Common Stock that is the subject of this Amendment
No.1 to the statement.
Item 4. Purpose of Transaction
On June 10, 1998, the reporting person purchased 35,000
shares of the Issuer's Common Stock at a price of $7.3894
per share. On June 19, 1998 the reporting person purchased
50,000 shares of the Issuer's Common Stock at a price of
$7.9988 per share.
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
i. Owned 815,100 8.1%
ii. Sole Voting Power 815,100 8.1%
Shared Voting Power 0 0.0%
Sole Dispositive Power 815,100 8.1%
Shared Dispositive Power 0 0.0%
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: July 9, 1998 /s/ Jacob May
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Jacob May
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