<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
INDUSTRIAL SCIENTIFIC CORPORATION
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
45631G-10-6
(CUSIP Number)
Robert K. Morris James J. Barnes
Reed, Smith, Shaw & McClay Buchanan Ingersoll P.C.
435 Sixth Avenue One Oxford Centre, 20th Floor
Pittsburgh, PA 15219 301 Grant Street
412/288-3126 Pittsburgh, PA 15219
412/562-1415
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 21, 1999
(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(e), 13d-1(f) or 13d-1(g), check the following box
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on the following pages)
_________________________
* 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 on 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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1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS:
Kent D. McElhattan
SSN: ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS BK, OO
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED TO ITEMS 2(d)
OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
of America
- --------------------------------------------------------------------------------
Number of Shares 7 SOLE VOTING POWER
Beneficially Owned by 0
--------------------------------------------------------
Each Reporting Person 8 SHARED VOTING POWER
With 2,440,790*
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,440,790*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,440,790 Shares*
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
1
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* Includes 1,000 shares issuable upon the exercise of stock options held by
Kenton E. McElhattan and 1,940 shares issuable upon the exercise of stock
options held by Kent D. McElhattan, as to which the Reporting Person disclaims
beneficial ownership. The Reporting Person also disclaims beneficial ownership
of shares of Common Stock held by each other Reporting Person.
2
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1 NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS
Kenton E. McElhattan
SSN: ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
BK, OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
Number of Shares
Beneficially Owned by 0
--------------------------------------------------------
Each Reporting Person 8 SHARED VOTING POWER
With
2,440,790*
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,440,790*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,440,790 shares*
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
3
<PAGE>
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
*Includes 1,000 shares issuable upon the exercise of stock options held by
Kenton E. McElhattan and 1,940 shares issuable upon the exercise of stock
options held by Kent D. McElhattan, as to which the Reporting Person disclaims
beneficial ownership. The Reporting Person also disclaims beneficial ownership
of shares of Common Stock held by each other Reporting Person.
4
<PAGE>
1 NAMES OF REPORTING PERSONS S.S. OR I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
Florence L. McElhattan
SSN: ###-##-####
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
BK, OO
- ------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
Number of Shares
Beneficially Owned by 0
------------------------------------------------------
Each Reporting Person 8 SHARED VOTING POWER
With
2,440,790*
------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,440,790*
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,440,790 shares*
- ------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
5
<PAGE>
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- -----------------------------------------------------------------------------
*Includes 1,000 shares issuable upon the exercise of stock options held by
Kenton E. McElhattan and 1,940 shares issuable upon the exercise of stock
options held by Kent D. McElhattan, as to which the Reporting Person disclaims
beneficial ownership. The Reporting Person also disclaims beneficial ownership
of the shares of Common Stock held by each other Reporting Person.
6
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Statement of
Kent D. McElhattan,
Kenton E. McElhattan
and
Florence L. McElhattan
Pursuant to Section 13(d)
of the Securities Exchange Act of 1934
in respect of
INDUSTRIAL SCIENTIFIC CORPORATION
This Amendment No. 2 (this "Amendment") amends and supplements the
Statement on Schedule 13D (the "Schedule 13D") filed on behalf of Kent D.
McElhattan, Kenton E. McElhattan and Florence L. McElhattan (each, a "Reporting
Person" and collectively, the "Reporting Group") relating to the common stock,
par value $.01 per share (the "Common Stock"), of Industrial Scientific
Corporation, a Pennsylvania corporation (the "Company").
This Amendment is being filed in connection with the consummation of the
merger (the "Merger") of ISC Acquisition Corporation ("Acquisition") with and
into the Company. The Merger was consummated on May 21, 1999, effective upon the
filing of Articles of Merger with the Department of State of the Commonwealth of
Pennsylvania (the "Closing"). Immediately prior to the Closing, Acquisition
entered into a Loan Agreement, dated as of May 21, 1999, with PNC Bank, National
Association, on substantially the same terms contained in the Commitment.
Capitalized terms used and not defined in this Amendment have the meanings
set forth in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and supplemented by deleting
the first paragraph and adding the following at the beginning thereof:
(a) - (b) As of the date hereof, there were outstanding 2,437,850 shares of
Common Stock. As of the date hereof, the Reporting Persons beneficially own 100%
of the issued and outstanding Common Stock. Each member of the Reporting Group
disclaims beneficial ownership of shares of Common Stock held for the benefit of
other members of the Reporting Group.
7
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SIGNATURE
After reasonable inquiry and to the best of his or her knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: June 1, 1999 /s/ Kent D. McElhattan
-----------------------------
Kent D. McElhattan
/s/ Kenton E. McElhattan
-----------------------------
Kenton E. McElhattan
/s/ Florence L. McElhattan
-----------------------------
Florence L. McElhattan
8
