SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
JALATE LTD.
(Name of issuer)
COMMON STOCK
(Title of class of securities)
470145103
(CUSIP number)
JOHN DRURY, 1001 FANNIN, SUITE 4000
HOUSTON, TEXAS 77002 (713) 512-6371
(Name, address and telephone number of person
authorized to receive notices and communications)
NOVEMBER 12, 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
JOHN DRURY
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
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 OF
SHARES 202,500
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 202,500
10 SHARED DISPOSITIVE POWER
3,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,500
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.0388
14 TYPE OF REPORTING PERSON*
IN
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ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement relates
is the common stock (the "Common Stock") of Jalate LTD., whose principal
executive office is located at 1675 South Alameda Street, Los Angeles, CA 90021
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of John Drury, a U.S.
Citizen ("Drury" or "Reporting Person"), whose business address is 1001 Fannin,
Suite 4000, Houston, Texas 77002. Drury currently serves as the Chairman of the
Board and Chief Executive Officer of USA Waste Services Inc.
Drury has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors), nor
has Drury, during the last five years, been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violations with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The funds used or to be used in making purchases of the
Issuer's Common Stock are personal funds of Drury.
ITEM 4. PURPOSE OF TRANSACTION.
The securities of the Issuer were acquired by Drury and his
Spouse ("Spouse") in open market transactions and privately negotiated
transactions and privately negotiated transactions for the purposes of
investment. Drury 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, Drury, or other entities that may be deemed to be
affiliates of Drury, 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
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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.
On November 12, 1997, Drury purchased 100,000 shares of the Issuer's Common
Stock in a privately negotiated transaction resulting in Drury owning an
aggregate of 202,500 shares of the Issuer's Common Stock. Drury's spouse also
owns 3,000 shares of the Issuer's Common Stock. As of November 12, 1997, the
number of shares of the Issuer's Common Stock owned beneficially by Drury and
his spouse is 6.0388% of the Issuer's Common Stock outstanding. Drury has the
direct power both to vote and to direct the disposition of the shares held by
him while his spouse has the direct power both to vote and to direct the
disposition of the shares held by her.
A description of the transactions in the Issuer's Common Stock
that were effected during the past 60 days by Drury is an follows (there are no
transactions by his spouse during the past 60 days):
Date Number of Shares Price per Share
11/12/97 100,000 1.5000
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The Reporting Person has no contract, arrangement,
understanding or relationship (legal or otherwise) with any person with respect
to securities of the Company, including, but not limited to, transfer or voting
of any of the securities, finder's fees, joint ventures.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
None
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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 filing is true, correct and complete.
Dated December 31, 1997
/s/ John Drury
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John Drury
