UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SYNTROLEUM CORPORATION (formerly SLH Corporation)
-------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value per share
-------------------------------------------------
(Title of Class of Securities)
871630 10 9
-------------------------------------------------
(CUSIP Number)
December 31, 1998
-------------------------------------------------
(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).
Page 1 of 6 pages
<PAGE>
- -------------------------------------------------
CUSIP NO. 871630 10 9
- -------------------------------------------------
(1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
William D. Grant
- -------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a)//
(b)//
Inapplicable
- --------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------
(4) Citizenship or Place of Organization
United States
- --------------------------------------------------
(5) Sole Voting Power
745,662
Number of Shares
Beneficially -------------------------------------
Owned by (6) Shared Voting Power
Each 870,145
Reporting
Person -------------------------------------
With: (7) Sole Dispositive Power
745,662
-------------------------------------------
(8) Shared Dispositive Power
870,145
- ---------------------------------------------------
(9) Aggregate Amount Beneficially Owned By Each Reporting Person
1,615,807
- ---------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
/X/
Page 2 of 6 pages
<PAGE>
- ----------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.0%
- ----------------------------------------------------
(12) Type of Reporting Person*
IN
- ----------------------------------------------------
Page 3 of 6 pages
<PAGE>
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)
Page 4 of 6 pages
<PAGE>
ITEM 4. Ownership.
(a) Amount Beneficially Owned: 1,615,807 shares.
The amount of shares reported as beneficially owned includes:
(i) 745,662 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 with UMB
Bank, N.A., Kansas City, Missouri, and in that capacity shares voting
and investment powers with UMB Bank, N.A.; (iii) 60,648 shares held
by a trust for the benefit of the reporting person for which the
reporting person acts as co-trustee with UMB Bank, N.A. and in that
capacity shares voting and investment powers; (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) 605,160 shares held by three
trusts for other family members for which the reporting person serves
as a co-trustee with UMB Bank, N.A., and, in that capacity, shares
voting and investment powers, as to which the reporting person
disclaims beneficial ownership; and (vi) 34,213 shares owned by the
reporting person's wife, as to which the reporting person disclaims
beneficial ownership.
The amount of shares reported as beneficially owned does not
include (i) 442,828 shares contributed by the reporting person to a
grantor retained annuity trust ("GRAT"), of which UMB Bank, N.A. is
the trustee, that entitle the reporting person to receive fixed
annual annuity payments from the GRATs and the beneficiaries
of the GRATs to receive the remainder; and (ii) 20,083 shares
contributed by the reporting person's wife to other GRATs, of which
UMB Bank, N.A. is the trustee, that entitle the reporting person's
wife to receive fixed annual annuity payments from the GRATs
and the beneficiaries of the GRATs to receive the remainder.
(b) Percent of Class: 6.0%
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote: 745,662
(ii) shared power to vote or to direct the vote: 870,145
(iii) sole power to dispose or to direct the disposition of:
745,662
(iv) shared power to dispose or to direct the disposition of:
870,145
ITEM 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Page 5 of 6 pages
<PAGE>
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.
Other persons have the right to receive dividends on 639,373 shares
of the securities listed in Item 4(a) above.
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 certify 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: February 11, 1999
Page 6 of 6 pages
