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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)/1/
Aksys, Ltd.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
010196-10-3
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(CUSIP Number)
Page 1 of 6 Pages
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/1/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 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).
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CUSIP No. 010196-10-3 13G Page 2 of 6 Pages
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rodney S. Kenley
###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States Citizen
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SOLE VOTING POWER
5
NUMBER OF 743,575
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
15,000 (See Item 4)
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 743,575
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
15,000 (See Item 4)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
758,575 (See Item 4)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.4%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
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Aksys, Ltd. (the "Company").
Item 1(b) Address of Issuer's Principal Executive Offices:
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Two Marriott Drive
Lincolnshire, Illinois 60069
Item 2(a) Names of Persons Filing:
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Rodney S. Kenley
Item 2(b) Address of Principal Business Office or, if none, Residence:
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The principal business address of the Reporting Person is Two
Marriott Drive, Lincolnshire, Illinois 60069.
Item 2(c) Citizenship:
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United States
Item 2(d) Title of Class of Securities:
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Common Stock, par value $.01 per share.
Item 2(e) CUSIP No.:
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010196-10-3
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-
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2(b), check whether the person filing is a:
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This statement is filed pursuant to Rule 13d-1(c). As such, the
listed alternatives are not applicable.
Item 4 Ownership:
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(a) Amount Beneficially Owned:
Page 3 of 6
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Rodney S. Kenley was the record owner of 48,264 shares of common
stock of the Company as of December 31, 1997 and was deemed on
such date to be the beneficial owner of an additional 537,409
shares which were held in a trust for which he is the sole
trustee and beneficiary, and 157,902 shares which were held in a
trust for which he is the sole beneficiary but not the trustee.
Mr. Kenley may also be deemed to have been the beneficial owner
of an additional 15,000 shares of common stock which were held in
trust for his children. Such shares collectively comprised 5.4%
of the total common stock outstanding on December 31, 1997. Mr.
Kenley disclaims beneficial ownership of the 15,000 shares held
in trusts for his children.
(b) Percent of Class:
5.4%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
743,575
(ii) Shared power to vote or to direct the vote:
15,000
(iii) Sole power to dispose or to direct the disposition of:
743,575
(iv) Shared power to dispose or to direct the disposition of:
15,000
Item 5 Ownership of Five Percent or Less of a Class:
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Not applicable
Page 4 of 6
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Item 6 Ownership of More Than Five Percent on Behalf of Another Person:
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Not applicable
Item 7 Identification and Classification of the Subsidiary Which
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Acquired the Security Being Reported on By the Parent Holding
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Company:
-------
Not applicable
Item 8 Identification and Classification of Members of the Group:
---------------------------------------------------------
Not applicable
Item 9 Notice of Dissolution of Group:
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Not applicable
Item 10 Certification:
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Not applicable
Page 5 of 6
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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.
Date: February 13, 1998
By: /s/ Rodney S. Kenley
--------------------------------
Print Name: Rodney S. Kenley
Page 6 of 6
