UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ACT Teleconferencing, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
000955 10 4
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(CUSIP Number)
December 31, 1999
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(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 that is the subject of this Schedule 13D, and is
filing this schedule because os ss.ss.240.13d-1(e), 240.13f-1(f) or
240.13d-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 ss.240.13d-7(b)
for other parties to whom copies are to be sent.
*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 (except any
items to which the form provides a cross-reference) 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>
CUSIP NO. 000955 10 4
1. Name of Reporting Person: Alexandros Makris
SS or IRS Identification No. of Above Person: Not applicable
2. Check the Appropriate Box if a Member of a Group: (a)
(b)
3. SEC Use Only
4. Source of Funds: PF
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization Greece
Number of Shares Beneficially Owned by each Reporting Person with
7. Sole Voting Power 240,000
8 Shared Voting Power -0-
9. Sole Dispositive Power 240,000
10. Shared Dispositive Power -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 240,000
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares: N/A
13. Percent of Class Represented by Amount in Row (9): 5.2%
14. Type of Reporting Person: IN
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<PAGE>
CUSIP NO. 000955 10 4
Item 1. Security and Issuer.
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The title of the class of equity securities of ACT
Teleconferencing, Inc. (the "Company") to which this statement relates is
the Company's Common Stock. The address of the principal executive office
of the Company is 1658 Cole Boulevard, Suite 130, Golden, Colorado 80401.
Item 2. Identity and Background.
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This statement is being filed by Alexandros Makris, a Greek
citizen, who's address is Orfcos 13, Ekali, Athens, Greece 14564. The
Reporting Person is engaged in acquiring, holding and disposing of
interests in various companies for investment purposes.
The Reporting Person has not, during the last five years, been
(i) convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction or subject to any
judgment, decree or final order finding any violation of federal or state
securities laws or enjoining future violations of, or prohibiting or
mandating activities subject to, such laws.
Item 3. Source and Amount of Funds or Other Consideration.
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The Reporting Person purchased 120,000 shares at $3.50
($420,000), and 120,000 shares at $5.00 per share ($600,000), or an
aggregate purchase price of $1,020,000. The source of the funds used to
purchase the Common Stock was personal funds.
Item 4. Purpose of Transaction.
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The Reporting Person acquired the shares of the Company's Common
Stock for investment purposes. From time to time, the Reporting Person may
acquire additional shares of Common Stock or dispose of some or all of the
shares of Common Stock owned by him. At this time, Reporting Person does
not have any plans which relate to or would result in any of the items
listed in paragraphs (a) through (j) of Item 4.
Item 5. Interest in Securities of the Issuer.
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As of December 31, 1999, Mr. Makris beneficially owned 240,000
shares of Common Stock, which represented 5.2% of the Company's issued and
outstanding shares of Common Stock.
During the 60 days prior to December 31, 1999, the Reporting
Person effected no transactions in the Company's Common Stock.
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<PAGE>
No person other than the persons listed is known to have the
right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, any securities owned by any member of the
group.
Item 6. Contracts, Arrangements, Understandings or Relationships with
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Respect to the Issuer.
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None.
Item 7. Material to be Filed as Exhibits.
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None.
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: March 6, 2000 /s/ ALEXANDROS MAKRIS
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Alexandros Makris
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