<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULE 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
SCHULER HOMES, INC.
----------------------------------
(Name of Issuer)
COMMON STOCK
----------------------------------
(Title of Class of Securities)
808188 10 6
----------------------------------
(CUSIP Number)
*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 the disclosures provided in a prior page.
The information required in 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
---
<PAGE>
CUSIP No. 808188 10 6 13G Page 2 of 5 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
SCHULER, JAMES K.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group NOT APPLICABLE (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
CANADA
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 10,882,528 (1)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With 400,000 (2)
--------------------------------------------------
(7) Sole Dispositive Power
10,882,528 (1)
--------------------------------------------------
(8) Shared Dispositive Power
400,000 (2)
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
10,882,528 (1)
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
/X/
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
54.14%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
(1) Excludes 29,501 shares owned by Reporting Person's Spouse.
(2) The filings 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.
<PAGE>
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
- -------------------------------------------------------------------------------
<PAGE>
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: 10,882,528 Shares (excludes 400,000 shares
of which the reporting person disclaims beneficial ownership)
(b) Percent of class: 54.14%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 10,882,528 (1)
(ii) Shared power to vote or to direct the vote: 400,000 (2)
(iii) Sole power to dispose or to direct the disposition of:
10,882,528 (1)
(iv) Shared power to dispose or to direct the disposition of:
400,000 (2)
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
- -----------------
(1) Excludes 29,501 shares owned by Reporting Person's spouse.
(2) 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.
<PAGE>
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.
2-13-98
----------------------------------------
(Date)
/s/ James K. Schuler
----------------------------------------
(Signature)
James K. Schuler
----------------------------------------
(Name/Title)
