SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 4
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 8, 1998
(Date of event which requires filing of this statement)
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)
SCHEDULE 13D
CUSIP No. 470145103 Page 2 of 4 Pages
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 ITEMS 2(d) OR 2(E) (
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7 SOLE VOTING POWER
NUMBER OFSHARES 244,026
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 244,026
10 SHARED DISPOSITIVE POWER
1,219,150
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,463,176
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.7%
14 TYPE OF REPORTING PERSON*
IN
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 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.
Item 5. Interest in Securities of the Issuer.
The Reporting Person directly owns 244,026 shares (The
"Reporting Person Shares") of Common Stock and has the shared
power to dispose of or direct the disposition of 1,219,150 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 Client Shares together with the Reporting
Person Shares represent an aggregate of 1,463,176 shares or 29.7%
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 following table represents all the Reporting Person's
transactions involving common stock during the last
45 days.
Date Entity Purchase/Sale Number Shrs Price
11-1-98 Client Bot 608,000 .625
11-25-98 Reporting Person Bot 197,076 .25
11-25-98 Client Sold 24,000 .25
12-8-98 Reporting Person Bot 46,950 .375
12-8-98 Client Sold 46,950 .375
The Reporting person has the right to receive or the power
to direct receipt of dividends from, or the proceeds from the sale
of, 244,026 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.
(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.
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 December 10, 1998
_______________________________
/s/ Don A. Sanders
