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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 )*
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SILVERADO FOODS, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
828342 10 5
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(CUSIP Number)
LAWRENCE D. FIELD
6846 S. CANTON, SUITE 110, TULSA, OK 74136
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
JUNE 27, 1997
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(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 [ ].
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.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
CUSIP NO. 828342 10 5 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LAWRENCE D. FIELD
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF, 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 7 SOLE VOTING POWER
SHARES 3,035,977
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 22,500
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,035,977
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 22,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,058,477
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.09%
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14 TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
CUSIP NO. 828342 10 5 PAGE 3 OF 5 PAGES
The Statement on Schedule 13D for Lawrence D. Field dated June 17, 1997, is
hereby amended as set forth herein.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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The total amount of funds used by Mr. Field to acquire the shares of Common
Stock of Silverado reported in Item 5(c) was $373,720.24. This amount
represents both personal funds of Mr. Field and funds borrowed through Mr.
Field's margin accounts with Prudential Securities Incorporated and Smith Barney
Inc.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
--------------------------------------------
(a) Mr. Field presently beneficially owns 3,058,477 shares of Common Stock
of Silverado, or approximately 33.09% of the outstanding shares of Common Stock
of Silverado.
(b) Mr. Field has the sole power to vote or dispose of 3,035,977 shares of
Common Stock of Silverado. Mr. Field holds a shared interest in voting and
disposition power over 22,500 shares of Common Stock of Silverado owned by
Legacy Investment Partnership,
(c) Information with respect to transactions in the Common Stock Silverado
effected during the past sixty days by Mr. Field is set forth on the schedule
incorporated herein by reference and attached hereto as Exhibit A.
(d) Regent Private Capital Corp., of which Mr. Field is controlling
shareholder, and Legacy Investment Partnership, in which Mr. Field is a partner,
have the right to receive dividends from, and the proceeds from the sale of,
721,063 shares and 22,500 shares, respectively, of Common Stock of Silverado
included in the beneficial ownership of Mr. Field in Item 5(a) and (b) above.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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Exhibit A Schedule of transactions in the Common Stock of Silverado within
the past sixty days
* * * * * * * * * * *
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SCHEDULE 13D
CUSIP NO. 828342 10 5 PAGE 4 OF 5 PAGES
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.
Dated: July 17, 1997
/s/ Lawrence D. Field
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Lawrence D. Field
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EXHIBIT A
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<TABLE>
<CAPTION>
NO. OF
SHARES
DATE ACQUIRED PRICE
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<S> <C> <C>
05/06/97 27,211 2.62
06/03/97 5,000 1 3/8
06/03/97 4,500 1 1/4
06/03/97 25,000 1.25
06/04/97 10,000 1.50
06/04/97 25,000 1.50
06/05/97 20,000 1 1/8
06/05/97 24,200 1.177
06/06/97 5,000 1 1/4
06/10/97 25,000 1 3/16
06/10/97 34,123 0.44
06/17/97 25,000 1.075
06/18/97 20,000 1.063
06/27/97 2,300 1.063
06/27/97 47,700 1.125
</TABLE>
