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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3 )*
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TITAN HOLDINGS, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
888303104
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous 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).
*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).
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CUSIP No. 888303104 13G Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark E. Watson, Jr.
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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
NUMBER OF
2,221,083
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 236,695
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
2,221,083
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
236,695
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,457,778
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICABLE
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.9%
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12 TYPE OF REPORTING PERSON*
NOT APPLICABLE
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 4 pages
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ITEM 1.
(a) Name of Issuer:
Titan Holdings, Inc.
(b) Address of Issuer's Principal Executive Offices:
2700 N.E. Loop 410, Suite 500
San Antonio, Texas 78217
ITEM 2.
(a) Name of Person Filing:
Mark E. Watson, Jr.
(b) Address of Principal Business Office or, if none, Residence:
2700 N. E. Loop 410, Suite 500
San Antonio, Texas 78217
(c) Citizenship:
United States citizen.
(d) Title of Class of Securities:
Common Stock, $.01 par value
(e) CUSIP Number:
888303104
ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the filing person is a:
NOT APPLICABLE
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
Mark E. Watson, Jr. is the record holder of 2,221,083 shares
of Common Stock, $.01 par value ("Common Stock"), of the
Issuer. Mr. Watson is the general partner of MEW Family
Limited Partnership, a Texas limited partnership, which is the
record holder of 236,695 shares of Common Stock. Mr. Watson
beneficially owns a total of 2,457,778 shares of Common Stock.
(b) Percent of Class
Mr. Watson beneficially owns 25.9% of the outstanding shares
of Common Stock, based upon 9,488,068 shares of Common Stock
outstanding at September 30, 1996, as reported in the Issuer's
form 10-Q filed for the quarterly period ended September 30,
1996.
(c) Number of Shares as to Which Such Person Has:
(i) Sole power to vote or to direct the vote: 2,221,083
shares
(ii) Shares power to vote or to direct the vote: 236,695
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(iii) Sole power to dispose or to direct the disposition
of: 2,221,083 shares
(iv) Shared power to dispose or to direct the disposition
of: 236,695 shares
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
NOT APPLICABLE
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
NOT APPLICABLE
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
NOT APPLICABLE
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.
February 13, 1997
/s/ MARK E. WATSON, JR.
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Mark E. Watson, Jr.
