UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
-----
EXX INC.
- -----------------------------------------------------------------
(Name of Issuer)
Common Stock Par Value, $1.00 Per Share, Class B
- -----------------------------------------------------------------
(Title of Class of Securities)
269283308
- -----------------------------------------------------------------
(CUSIP Number)
William Henry Allen, P.O. Box 113, Washington, Illinois 61571
- -----------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 24, 1998
- -----------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13 G to report the acquisition that is the subjection of this
Schedule 13D, and is filing this schedule because of Sections
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box. / /
----
NOTE: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Section 240.13d-7 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).
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
CUSIP No. 269283308
--------------------------
- -----------------------------------------------------------------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
William Henry Allen ###-##-####
- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) N/A
-----------------------------------------------
(b)
-----------------------------------------------
- -----------------------------------------------------------------
3. SEC Use Only
-------------------------------------
- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
----------------
- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) N/A
-------------------------
- -----------------------------------------------------------------
6. Citizenship or Place of Organization US Citizen
-----------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Number of 7. Sole Voting Power 33,600
Shares Bene- ----------------------
ficially by 8. Shared Voting Power N/A
Owned by Each ------------
Reporting 9. Sole Dispositive Power 33,600
Person With ------------
10. Shared Dispositive Power N/A
------------
- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
33,600
- ---------
- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) N/A
--------------
- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.05035
----------
- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
Item 1. Security and Issuer
The title of the class of equity securities to which
this statement applies is common stock, par value $.01
Class B. The issuer is EXX INC. which has its
executive offices at 1350 East Flamingo Road, Suite
689, Las Vegas, Nevada.
Item 2. Identity and Background
(a) William Henry Allen
(b) 1911 Canterbury, Apt. F
PO Box 113
Washington, IL 61571
(c) Timber Broker
Allen Timber Products Co.
1911 Canterbury, Apt. F
PO Box 113
Washington, IL 61571
(d) None
(e) None
(f) US Citizen
Item 3. Source and Amount of Funds or Other Consideration
All funds used in purchase of the securities relative
hereto were from personal income only.
Item 4. Purpose of Transaction
Mr. Allen has acquired EXX Class B shares for purposes
of investment only. He is impressed by the company,
its management, and the way it has performed. Mr.
Allen may, in the future, seek a position on the board
of the corporation, or seek to have representation on
the board of EXX.
Mr. Allen, dependant upon the condition of the market,
and valuation of the shares of the corporation, may
increase or decrease his position in this stock.
Mr. Allen has no intention of engaging in any conduct
which would:
(b) Constitute an extraordinary corporate transaction,
such as a merger, reorganization or liquidation,
involving the issuer or any of its subsidiaries;
(c) Cause a sale or transfer of material amount of
assets of the issuer or any of subsidiaries;
(e) Constitute a material change in the present
capitalization or dividend policy of the issuer;
(f) Constitute any material change in the issuer's
business or corporate structure including but not
limited to, if the issuer is a registered closed-end investment
company, any plans or proposals to make any changes in its
investment policy for which a vote is required by Section 13 of
the Investment Company Act of 1940;
(g) Create any change 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;
(h) Or cause a class of securities of the issuer to be
delisted from a national securities exchange or to
cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association;
(i) Cause a class of equities securities of the issuer
to become eligible for termination of registration
pursuant to Section 12(g)(4) of the Act; or
(j) Take any action similar to any of those enumerated
above.
Item 5. Interest in Securities of the Issuer
(a) Mr. Allen owns 33,600 shares of common stock -
Class B of EXX INC., or approximately 0.050% of
the 667,315 shares outstanding.
(b) Mr. Allen has the sole power vote or to direct the
vote or to dispose of the 33,600 shares of Class B
Common Stock.
(c) Mr. Allen has made the following open market
purchases of Class B Common stock of EXX within
the past sixty (60) days.
<TABLE>
<CAPTION>
Date # of Number Value Consideration
- ------------- ----------- ----- -------------
<C> <C> <C> <C>
May 29, 1998 800 2.75 2383.00
June 5, 1998 1000 2.7625 2865.00
June 9, 1998 800 2.75 2283.00
June 15, 1998 800 2.50 2083.00
June 18, 1998 800 2.625 2183.00
July 24, 1998 1000 2.3125 2415.00
---- -------
Total 5200 $14,212.00
</TABLE>
All transaction were completed by Birchtree
Financial Services, Inc., 920 Main, Suite 216,
Kansas City, MO 64105.
(d) None
(e) None
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer
None
Item 7. Material to Be Filed as Exhibits
None
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true and correct.
Executed this 28th day of August, 1998
---- ------
/s/William Henry Allen
---------------------------------------
William Henry Allen
