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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
Schuler Homes, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
808188 10 6
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(SEE Rule 13d-7.)
*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).
(Page 1 of 5 Pages)
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CUSIP NO. 808188 10 6 13G 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
SCHULER, JAMES K.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
NOT APPLICABLE (a) / / (b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
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5 SOLE VOTING POWER
NUMBER OF 11,507,178
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 200,000
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 11,507,178
WITH ------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
200,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,507,178
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/X/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
55.13%
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12 TYPE OF REPORTING PERSON
IN
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(Page 3 of 5 Pages)
ITEM 1(A). NAME OF ISSUER:
Schuler Homes, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
828 Fort Street Mall, 4th Floor
Honolulu, Hawaii 96813
ITEM 2(A). NAME OF PERSON FILING:
Schuler, James K.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
828 Fort Street Mall, 4th Floor
Honolulu, Hawaii 96813
ITEM 2(C). CITIZENSHIP:
Canada
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
808188 10 6
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(Page 4 of 5 Pages)
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 11,507,178 Shares (excludes 200,000
shares of which the reporting person disclaims beneficial
ownership)
(b) Percent of class: 55.13%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 11,507,178
(ii) Shared power to vote or to direct the vote: 200,000(1)
(iii) Sole power to dispose or to direct the disposition of:
11,507,178
(iv) Shared power to dispose or to direct the disposition of:
200,000(1)
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
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(1) The filing of this statement shall not be construed as an admission
that the reporting person is, for purposes of Section 13(d) or 13(g)
of the Act, the beneficial owner of these securities.
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(Page 5 of 5 Pages)
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
Not Applicable
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: February 14, 1997
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Signature: /s/ James K. Schuler
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Name: James K. Schuler
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