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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Kellstrom Industries, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
488035106
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(CUSIP Number)
December 31, 1997
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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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SCHEDULE 13G
<TABLE>
<CAPTION>
CUSIP No. 488035106
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<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chartwell Investment Partners I.R.S. ID. No. 23-2891234
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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5 SOLE VOTING POWER
NUMBER OF
SHARES 383,200
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON ----------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
648,600
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
648,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.9%
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12 TYPE OF REPORTING PERSON
IA
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</TABLE>
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Item 1.
(a) Name of Issuer: Kellstrom Industries, Inc.
(b) Address of Issuer's Principal Executive Offices:
14000 N.W. 4th Street
Sunrise, FL 33325
Item 2.
(a) Name of Person Filing: Chartwell Investment Partners
(b) Address of Principal Business Office or, if none, Residence:
1235 Westlake Drive
Suite 330
Berwyn, PA 19312-2412
(c) Citizenship: Pennsylvania
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 488035106
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act.
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940.
(e) [x] An investment adviser in accordance with Section
240.13d-1(b)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940;
(j) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-1(c), check
this box [ ].
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Item 4. Ownership
The information in items 1 and 5-11 on the cover page (p. 2) of the
statement on Schedule 13G is hereby incorporated by reference.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [ ].
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Clients of the person filing, Chartwell Investment Partners, have the
right to receive dividends from, and proceeds from the sale of, the
securities reported herein.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
(a) By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired and are held in the ordinary
course of business and were not acquired and are not
held for the purpose of or with the effect of
changing or influencing the control of the issuer of
such securities and were not acquired and are not
held in connection with or as a participant in any
transaction having that purposes or effect.
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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 statement is true,
complete and correct.
Dated:
By: /s/ Timothy J. Riddle
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Name: Timothy J. Riddle
Title: Compliance Officer
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