SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 1)(1)
AIRPORT SYSTEMS INTERNATIONAL, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
00949N103
(CUSIP Number)
April 3, 2000
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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(1) 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 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).
Page 1 of 14 Pages
<PAGE>
CUSIP No. 00949N103 13G Page 2 of 14 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEIL GAGNON
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 14,427
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 20,675
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 14,427
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 20,675
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,102
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.4%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 14 Pages
<PAGE>
CUSIP No. 00949N103 13G Page 3 of 14 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LOIS GAGNON
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 110,000
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 20,675
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 110,000
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 20,675
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
130,675
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 14 Pages
<PAGE>
CUSIP No. 00949N103 13G Page 4 of 14 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAGNON FOUNDATION
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 6,725
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY N/A
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 6,725
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH N/A
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,725
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.3%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 14 Pages
<PAGE>
CUSIP No. 00949N103 13G Page 5 of 14 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAGNON FAMILY PARTNERSHIP
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 12,400
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY N/A
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 12,400
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH N/A
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,400
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.5%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 14 Pages
<PAGE>
CUSIP No. 00949N103 13G Page 6 of 14 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAGNON TRUST
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,550
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY N/A
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,550
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH N/A
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,550
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.06%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 14 Pages
<PAGE>
SCHEDULE 13G
Item 1(a). Name of Issuer:
Airport Systems International. Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
11300 West 89th Street
Overland Park, KS 66214
Item 2(a). Name of Person Filing:
This Schedule 13G is filed on behalf of Neil Gagnon, Lois Gagnon,
the Gagnon Foundation, the Gagnon Partnership and the Gagnon Trust
(each a "Reporting Person" and, collectively, the "Reporting
Persons").
Item 2(b). Address of Principal Business Office or, If None, Residence:
1370 Avenue of the Americas
Suite 2002
New York, NY 10019
Item 2(c). Citizenship:
Neil Gagnon - United States
Lois Gagnon - United States
Gagnon Foundation - New Jersey
Gagnon Partnership - New Jersey
Gagnon Trust - New Jersey
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share.
Page 7 of 14 Pages
<PAGE>
Item 2(e). CUSIP Number:
00949N103
Item 3. Type of Reporting Person:
Not applicable
Item 4. Ownership:
Neil Gagnon
(a) Amount Beneficially Owned:
As of April 3, 2000, Neil Gagnon owned 35,102 shares of
Common Stock, which amount includes 14,427 shares owned by
Mr. Gagnon; 6,725 shares held by the Gagnon Foundation, of
which Mr. Gagnon is a trustee; 12,400 shares held by the
Gagnon Family Partnership, of which Mr. Gagnon is a
partner; and 1,550 shares held by the Gagnon Trust, of
which Mr. Gagnon is a trustee.
(b) Percentage of Class:
1.4% beneficially owned by Mr. Gagnon. Calculation of
percentage of beneficial ownership is based on 2,578,913
shares of the Issuer's Common Stock outstanding on March 1,
2000 as reported by the Issuer on its 10-QSB for the
quarterly period ended January 31, 2000.
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or direct the vote:
14,427 shares of Common Stock
Page 8 of 14 Pages
<PAGE>
(ii) shared power to vote or direct the vote:
20,675 shares of Common Stock
(iii) sole power to dispose or direct the disposition of:
14,427 shares of Common Stock
(iv) shared power to dispose or direct the disposition
of:
20,675 shares of Common stock
Lois Gagnon
(a) Amount Beneficially Owned:
As of April 3, 2000, Lois Gagnon owned 130,675 shares of
Common Stock, which amount includes 110,000 shares owned by
Mrs. Gagnon; 6,725 shares held by the Gagnon Foundation, of
which Mrs. Gagnon is a trustee; 12,400 shares held by the
Gagnon Family Partnership, of which Mrs. Gagnon is a
partner; and 1,550 shares held by the Gagnon Trust, of
which Mrs. Gagnon is a trustee.
(b) Percentage of Class:
5.1% beneficially owned by Mrs. Gagnon. Calculation of
percentage of beneficial ownership is based on 2,578,913
shares of the Issuer's Common Stock outstanding on March 1,
2000 as reported by the Issuer on its 10-QSB for the
quarterly period ended January 31, 2000.
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or direct the vote:
110,000 shares of Common Stock
Page 9 of 14 Pages
<PAGE>
(ii) shared power to vote or direct the vote:
20,675 shares of Common Stock
(iii) sole power to dispose or direct the disposition of:
110,000 shares of Common Stock
(iv) shared power to dispose or direct the disposition
of:
20,675 shares of Common stock
Gagnon Foundation
(a) Amount Beneficially Owned:
As of April 3, 2000, the Gagnon Foundation owned 6,725
shares of Common Stock.
(b) Percentage of Class:
0.3% beneficially owned by the Foundation. Calculation of
percentage of beneficial ownership is based on 2,578,913
shares of the Issuer's Common Stock outstanding on March 1,
2000 as reported by the Issuer on its 10-QSB for the
quarterly period ended January 31, 2000.
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or direct the vote:
6,725 shares of Common Stock
(ii) shared power to vote or direct the vote:
N/A
Page 10 of 14 Pages
<PAGE>
(iii) sole power to dispose or direct the disposition of:
6,725 shares of Common Stock
(iv) shared power to dispose or direct the disposition
of:
N/A
Gagnon Family Partnership
(a) Amount Beneficially Owned:
As of April 3, 2000, the Gagnon Family Partnership owned
12,400 shares of Common Stock.
(b) Percentage of Class:
0.5% beneficially owned by the Partnership. Calculation of
percentage of beneficial ownership is based on 2,578,913
shares of the Issuer's Common Stock outstanding on March 1,
2000 as reported by the Issuer on its 10-QSB for the
quarterly period ended January 31, 2000.
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or direct the vote:
12,400 shares of Common Stock
(ii) shared power to vote or direct the vote:
N/A
(iii) sole power to dispose or direct the disposition of:
12,400 shares of Common Stock
Page 11 of 14 Pages
<PAGE>
(iv) shared power to dispose or direct the disposition
of:
N/A
Gagnon Trust
(a) Amount Beneficially Owned:
As of April 3, 2000, the Gagnon Trust owned 1,550 shares of
Common Stock.
(b) Percentage of Class:
0.06% beneficially owned by the Trust. Calculation of
percentage of beneficial ownership is based on 2,578,913
shares of the Issuer's Common Stock outstanding on March 1,
2000 as reported by the Issuer on its 10-QSB for the
quarterly period ended January 31, 2000.
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or direct the vote:
1,550 shares of Common Stock
(ii) shared power to vote or direct the vote:
N/A
(iii) sole power to dispose or direct the disposition of:
1,550 shares of Common Stock
(iv) shared power to dispose or direct the disposition
of:
N/A
Page 12 of 14 Pages
<PAGE>
Items 5-9. Not applicable.
The filing of this statement shall not be deemed an admission by Mr. Gagnon
that he owns the securities held by the Gagnon Foundation, the Gagnon Family
Partnership or the Gagnon Trust. Mr. Gagnon expressly disclaims beneficial
ownership of all securities held by the Gagnon Foundation, the Gagnon Family
Partnership or the Gagnon Trust for any purpose.
The filing of this statement shall not be deemed an admission by Mrs.
Gagnon that she owns the securities held by the Gagnon Foundation, the Gagnon
Family Partnership or the Gagnon Trust. Mrs. Gagnon expressly disclaims
beneficial ownership of all securities held by the Gagnon Foundation, the Gagnon
Family Partnership or the Gagnon Trust for any purpose.
Item 10. Certification:
By signing below, the Reporting Persons certify that, to the best of their
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose and do not
have the effect of changing or influencing the control of the Issuer of such
securities, and were not acquired in connection with or as a participant in any
transaction having such purpose or effect.
Page 13 of 14 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of the undersigneds' knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: May 16, 2000
/s/ Neil Gagnon
-----------------------------
Neil Gagnon
/s/ Lois Gagnon
-----------------------------
Lois Gagnon
GAGNON FOUNDATION
By: /s/ Neil Gagnon
-----------------------------
Neil Gagnon, Trustee
GAGNON FAMILY PARTNERSHIP
BY: /s/ Neil Gagnon
-----------------------------
Neil Gagnon, Partner
GAGNON TRUST
By: /s/ Neil Gagnon
-----------------------------
Neil Gagnon, Trustee
Page 14 of 14 Pages
