UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
SYNTROLEUM CORPORATION (formerly SLH Corporation)
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title of Class of Securities)
871630 10 9
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(CUSIP Number)
August 7, 1998**
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(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
* 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 cover 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).
**The reporting person currently has a Schedule 13D on file with the SEC. The
reporting person is now eligible to use Schedule 13G. This Schedule 13G amends
the previously filed Schedule 13D.
<PAGE>
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CUSIP NO. 871630 10 9
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(1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
William D. Grant
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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) Citizenship or Place of Organization
United States
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(5) Sole Voting Power
544,077
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power
Owned By 835,932
Each
Reporting -----------------------------------------------------
Person (7) Sole Dispositive Power
With 544,077
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(8) Shared Dispositive Power
835,932
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(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,720,802
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(10) Check 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)
6.4%
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(12) Type of Reporting Person*
IN
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<PAGE>
NOTE - The reporting person currently has a Schedule 13D on file with the SEC.
The reporting person is now eligible to use Schedule 13G. This Schedule 13G
amends the previously filed Schedule 13D.
ITEM 1.
(a) Name of Issuer:
Syntroleum Corporation
(b) Address of Issuer's Principal Executive Offices:
1350 South Boulder
Suite 1100
Tulsa, Oklahoma 74119-3295
ITEM 2.
(a) Name of Person Filing:
William D. Grant
(b) Address of Principal Business Office or, if none, Residence:
One Ward Parkway
Suite 130
Kansas City, MO 64112
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock, $0.01 par value per share
(e) CUSIP Number:
871630 10 9
ITEM 3. If this statement is filed pursuant to Sections 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
This statement is not filed pursuant to Rules 13d-1(b) or 13d-2(b)
or (c).
ITEM 4. Ownership.
(a) Amount Beneficially Owned: 1,720,802 shares.
The amount of shares reported as beneficially owned includes:
(i) 544,077 shares held directly by the reporting person;
(ii) 170,124 shares held by a trust for the benefit of the
reporting person for which the reporting person acts as co-trustee
and in that capacity shares voting and investment powers with UMB
Bank, N.A., Kansas City, Missouri; (iii) 60,648 shares held by a
trust for the benefit of the reporting person for which the
reporting person acts as co-trustee and in that capacity shares
voting and investment powers with UMB Bank, N.A.; (iv) 48,600
shares which the reporting person has the right to acquire within
sixty (60) days after the date hereof pursuant to stock options
granted to the reporting person by the Issuer; (v) 257,980 shares
contributed by the reporting person to a grantor retained annuity
trust ("GRAT"), of which UMB Bank, N.A. is the trustee, pursuant to
which the reporting person is entitled to receive a fixed annuity
payment in cash or in kind from the GRAT within sixty days after
the date hereof, which payment could include a portion or all of
such shares, depending upon the fair market value of the shares at
the time of such payment and the trustee's decision as to whether
to make payment in cash or in shares; (vi) 605,160 shares held by
several trusts for other family members for which the reporting
person serves as a co-trustee and in that capacity shares voting
and investment powers with UMB Bank, N.A., as to which the
reporting person disclaims beneficial ownership; and (vii) 34,213
shares owned by the reporting person's wife, as to which he
disclaims beneficial ownership.
The amount of shares reported as beneficially owned does not
include (i) 372,433 shares contributed by the reporting person to
other GRAT's, of which UMB Bank, N.A. is the trustee, that entitle
the reporting person to receive fixed annual annuity payments for
life from the GRAT's and the beneficiaries of the GRAT's to receive
the remainder; and (ii) 20,083 shares contributed by the reporting
person's wife to other GRAT's, of which UMB Bank, N.A. is the
trustee, that entitle the reporting person's wife to receive fixed
annual annuity payments for life from the GRAT's and the
beneficiaries of the GRAT's to receive the remainder.
(b) Percent of Class: 6.4% (based upon 26,900,000 shares of
Common Stock oustanding as of
August 8, 1998, as disclosed in
the Current Report on Form 8-K
filed by the Issuer on the same
date)
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote: 544,077
(ii) shared power to vote or to direct the vote: 835,932
(iii) sole power to dispose or to direct the disposition of:
544,077
(iv) shared power to dispose or to direct the disposition of:
835,932
ITEM 5. Ownership of Five Percent or Less of a Class.
Not applicable
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ITEM 6. Ownership of More Than Five Percent on Behalf of Another Person.
Each trust described in Item 4(a) hereof has the right to receive
and the power to direct the receipt of dividends from, or the
proceeds from the sale of, shares of Common Stock of the Issuer
held by such trust.
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.
By signing below, I certfy that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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.
/s/William D. Grant
William D. Grant
Dated: August 28, 1998
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