SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 1
JALATE LTD.
(Name of issuer)
COMMON STOCK
(Title of class of securities)
470145103
(CUSIP number)
DON A. SANDERS, 3100 CHASE TOWER
HOUSTON, TEXAS 77002 (713) 224-3100
(Name, address and telephone number of person
authorized to receive notices and communications)
DECEMBER 31, 1997
(Date of event which requires filing of this st atement)
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.
Check the following box if a fee is being paid with the statement.
(A fee is not required only if the reporting person: (1) has a pervious
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7)
(Continued on following pages)
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SCHEDULE 13D
CUSIP NO. 470145103
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DON A SANDERS
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF , 00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(E)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7 SOLE VOTING POWER
NUMBER OF
SHARES 343,000
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 343,000
10 SHARED DISPOSITIVE POWER
37,500
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
380,500
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.18%
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
ITEM 1. SECURITY AND ISSUER
No material change to the original Schedule 13D filing to
which this Amendment relates.
ITEM 2. IDENTITY AND BACKGROUND
No material change to the original Schedule 13D filing to
which this Amendment relates.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No material change to the original Schedule 13D filing to
which this Amendment relates.
ITEM 4. PURPOSE OF TRANSACTION.
The securities of the Issuer were acquired by the Reporting
Person and his Spouse ("Spouse") in open market transactions and privately
negotiated transactions and for the Clients for investment purposes only.
Sanders currently intends to review continuously his equity interest in the
Issuer and may or may not seek involvement in the Issuer's affairs. Depending
upon his evaluation of the Issuer's business and prospects and upon future
developments, Sanders, or other entities that may be deemed to be affiliates of
Sanders, may from time to time purchase additional securities of the Issuer,
dispose of all or a portion of the securities held by such person, or cease
buying or selling shares. Any such additional purchases of the securities may
be in open market or privately negotiated transactions or otherwise.
Except as described in this Item 4, the Reporting Person has
no present plans or proposals which relate or would result in: (i) the
acquisition by any person of additional securities of the Issuer, or the
disposition of securities of the Issuer, (ii) an extraordinary corporate
transaction such as a merger, reorganization or liquidation, involving the
Issuer or any of its subsidiaries, (iii) a sale or transfer of a material amount
of assets of the Issuer or any of its subsidiaries, (iv) any change in the
present board of directors or management of the Issuer, (v) any material change
to the present capitalization or dividend policy of the Issuer, (vi) any other
material change in the Issuer's business or corporate structure, (vii) changes
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,
(viii) causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted on an
inter-dealer quotation system of a registered national securities association,
(ix) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended, or (x) any actions similar to any of those
enumerated above.
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The Reporting Person directly owns 343,000 shares (The
"Reporting Person Shares") of Common Stock and has the shared power to dispose
of or direct the disposition of 24,000 shares of Common Stock (the "Client
Shares") of certain of the Reporting Person's clients (the "Clients) from whom
the Reporting Person has been granted the right to dispose of or direct the
disposition of the Client Shares. The Reporting Person's Spouse directly owns
13,500 shares of Common Stock ("Spousal Shares"). The Client Shares together
with the Reporting Person Shares and the Spousal Shares represent an aggregate
of 11.18% of the Common Stock.
The Reporting Person has the sole power to vote or to direct
the vote, and to dispose of or to direct the disposition of the Reporting Person
Shares and the shared power to dispose of or to direct the disposition of the
Client Shares.
The Reporting Person claims no beneficial ownership of
dispositive powers with regard to the Spousal Shares.
The following table lists all of the Reporting Person's
transactions involving Common Stock since the most recent filing of Schedule
13D:
Date Number of Shares Price per Share
12/31/97 50,400 1.812
12/30/97 20,900 2.000
The Reporting person has the right to receive or the power to
direct receipt of dividends from, or the proceeds from the sale of, 343,000
shares of Common Stock, while the applicable Client has the right to receive or
the power to direct receipt of dividends from, or the proceeds from the sale of
the applicable Client Shares.
The Spouse has the right to receive or the power to direct
receipt of dividends from, or the proceeds from the sale of 13,500 shares of
Common Stock.
(e) n/a
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
No material change to the original Schedule 13D filing to
which this Amendment relates.
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ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
No material change to the original Schedule 13D filing to
which this Amendment relates.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this filing is true, correct and complete.
Dated January 13, 1998
/s/ Don A. Sanders
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Don A. Sanders
