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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
HA-LO INDUSTRIES, INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
404429-10-2
(CUSIP Number)
BARRY J. SHKOLNIK
NEAL, GERBER & EISENBERG
TWO NORTH LASALLE STREET, SUITE 2100
CHICAGO, ILLINOIS 60602
312 - 269-8046
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
SEPTEMBER 29, 1997
(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 on 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).
(continued on following pages)
Page 1 of 5 Pages
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CUSIP NO. 404429-10-2 13D Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LINDEN D. NELSON
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
/ /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
7 SOLE VOTING POWER
2,162,655
NUMBER OF
8 SHARED VOTING POWER
SHARES
0
BENEFICIALLY
OWNED BY EACH
9 SOLE DISPOSITIVE POWER
REPORTING
2,162,655
PERSON WITH
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,162,655
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
/ /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.3%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ONLY THOSE ITEMS AMENDED ARE REPORTED HEREIN
UNLESS OTHERWISE DEFINED, ALL CAPITALIZED TERMS USED HEREIN SHALL HAVE THE
MEANINGS ASSIGNED TO THEM IN THE INITIAL SCHEDULE 13D FILED BY THE REPORTING
PERSON.
This statement constitutes Amendment No. 1 to the Statement on Schedule 13D
filed January 10, 1997 on behalf of Linden D. Nelson (the "Reporting Person")
in connection with the beneficial ownership of the Common Stock, no par value
(the "Shares"), of HA-LO Industries, Inc., an Illinois corporation (the
"Company").
Interest in Securities of the Issuer. Item 5 is hereby amended and
restated in its entirety to read as follows:
(a) Beneficially Owned:
Linden D. Nelson is the beneficial owner of 2,162,655 shares of Common
Stock. This figure consists of: 1,821,240 shares of Common Stock
owned by Mr. Nelson, 28,915 shares of Common Stock owned by the LLC,
and 312,500 shares of Common Stock which Mr. Nelson has the right to
acquire upon exercise of the Options held by him. This figure
excludes 137,500 shares of Common Stock owned by Michelle Nelson, as
to which Mr. Nelson expressly disclaims beneficial ownership. This
figure also excludes 137,500 shares of Common Stock owned by Julie A.
Nelson, as Trustee FBO Arielle L. Nelson and 137,500 shares of Common
Stock owned by Julie A. Nelson, as Trustee FBO Sanford E. Nelson, as
to which Mr. Nelson expressly disclaims beneficial ownership.
Percent of Class:
There are currently 20,672,596 outstanding shares of Common Stock,
based on the Company's most recent 10Q filing. Assuming the exercise
of the Options of which Mr. Nelson is the beneficial owner, Mr. Nelson
owns 10.3% of the Common Stock.
(b) Number of shares as to which Mr. Nelson has:
(i) sole power to vote or to direct the vote: 2,162,655
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
2,162,655
(iv) shared power to dispose or to direct the disposition of: -0-
(c) Transactions effected during the past sixty (60) days:
Mr. Nelson has not effected any transactions in, or with respect to,
Shares during the preceding sixty (60) days,
Page 3 of 5 Pages
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except as follows:
During the past sixty (60) days, Mr. Nelson sold Shares as follows:
150,000 Shares on September 18, 1997 at $28.50 per Share; 50,000
Shares on September 19, 1997 at $27.50 per Share; 75,000 Shares on
September 23, 1997 at $27.75; 25,000 Shares on September 23, 1997 at
$28.50; 25,000 Shares on September 25, 1997 at $28.75; 25,000 Shares
on September 26, 1997 at $28.75 and 150,000 Shares on September 29,
1997 at $28.375, or an aggregate of 500,000 Shares. All of these
sales were made in the open market.
Page 4 of 5 Pages
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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: October 7, 1997
/s/ Linden D. Nelson
-----------------------------
Linden D. Nelson
Page 5 of 5 Pages
