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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
METROTRANS CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
592665 10 3
(CUSIP Number)
Terri B. Hobbs
200 Westpark Drive
Suite 220
Peachtree City, Georgia 30269
(770) 229-5995
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(Name, address and telephone number of Person Authorized to Receive Notices and
Communications)
September 15, 1998
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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 of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [_]
(Continued on following pages)
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - (ENTITIES ONLY)
Terri B. Hobbs
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
Not applicable
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e): [_]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
7. SOLE VOTING POWER
70,200 (See Items 4, 5 and 6)
8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
70,200 (See Items 4, 5 and 6)
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,200 (See Items 4, 5 and 6)
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.7%
14. TYPE OF REPORTING PERSON
IN
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STATEMENT OF INFORMATION REQUIRED PURSUANT TO SECTION
13(D)(1) OR 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
SECTION 13D
The following statement of information is being filed by Terri B. Hobbs pursuant
to Regulation 240.13d-1 of the Rules and Regulations of the Securities and
Exchange Commission.
Item 1. Security and Issuer.
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This statement relates to the Common Stock, par value $.01 per share, of
Metrotrans Corporation, a Georgia Corporation (the "Issuer"), whose principal
office is located at 777 Greenbelt Parkway, Griffin, Georgia 30223.
Item 2. Identity and Background.
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(a) Name: Terri B. Hobbs
(b) Business Address: 200 Westpark Drive, Suite 220, Peachtree City,
Georgia 30269
(c) Employment: Deputy Chief Executive Officer of the Issuer
(d) Criminal Convictions: None
(e) Civil Proceedings: None
(f) Citizenship: United States of America
Item 3. Source and Amount of Funds or Other Consideration.
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Not applicable
Item 4. Purpose of Transaction.
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Ms. Hobbs holds the shares for investment purposes. Pursuant to an
Agreement dated August 21, 1998 (the "Agreement"), between The Mayflower
Corporation plc ("Mayflower"), Mayflower (U.S. Holdings), Inc., the Issuer, D.
Michael Walden, Ms. Hobbs, Randolph B. Stanley and M. Earl Meck, Mr. Walden and
Ms. Hobbs shall have the right (the "Put"), commencing December 31, 2000 and
expiring 45 days after results of operation are published by the Issuer for the
period ending December 31, 2002 (the "Option Term"), to tender all of either of
their shares of Issuer Common Stock to Mayflower at a price equal to the average
of the closing bid and asked prices reported on the Nasdaq National Market for
the 20 trading days immediately prior to the date that notice of intent to
exercise the Put is given; provided that in no event will
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the purchase price per share exceed $40.00 per share, and provided further that
the purchase price per share shall be no less then $10.00 per share for the
period from December 31, 2000 to December 31, 2001; no less than $12.50 per
share for the period from January 1, 2002 to September 30, 2002; and no less
than $15.00 per share for the period from October 1, 2002 to December 31, 2002.
As of the date of the Agreement, Mr. Walden owned 843,950 shares of Issuer
Common Stock (including 18,750 shares issuable upon exercise of outstanding
stock options currently exercisable). In the event that the Option Term expires
without Mr. Walden and Ms. Hobbs, or either of them, having exercised the Put or
under certain other circumstances, Mayflower shall have the right to purchase,
at any time prior to December 31, 2004, all of the shares owned by Mr. Walden or
Ms. Hobbs.
Item 5. Interest in Securities of the Issuer.
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(a) As of this date, Ms. Hobbs is the beneficial owner of 70,200 shares of
Common Stock of the Issuer. (1)
(b) Ms. Hobbs owns sole power to vote and to dispose of the shares,
subject to the terms of the Put and the Call as described in Item 4.
(c) Not applicable
(d) Not applicable
(e) Not applicable
(1) Includes 18,750 shares issuable upon exercise of outstanding
stock options, 12,500 restricted shares that are subject to
forfeiture upon certain circumstances and 450 shares owned by her
spouse. Excludes an additional 19,250 shares issuable upon
exercise of outstanding stock options that are not currently
exercisable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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In addition to the provisions described in Item 4 above, the Agreement
provides for the reconstitution of the Board of Directors of the Issuer to
increase the number of directors from six to eight, consisting of five directors
appointed by the directors of the Issuer and three directors appointed by
Mayflower. Ms. Hobbs and Mr. Walden and Mayflower have agreed to vote their
shares of Common Stock of the Issuer at any meeting of the stockholders of the
Issuer or in a written consent thereof to maintain the composition and
membership of the Board of Directors of the Issuer as provided in the Agreement.
By virtue of such agreement, Ms. Hobbs may be deemed to be part of a "group"
with Mayflower solely for purposes of Section 13(d) of the
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Securities Exchange Act of 1934, as amended. Ms. Hobbs disclaims membership in a
group and does not affirm the existence of a group.
A copy of the Agreement is filed as Exhibit 1 hereto, and such Agreement is
incorporated herein by reference. The foregoing is not a complete description
of the terms of the Agreement or the transactions contemplated thereby and is
subject to and qualified in its entirety by reference to the Agreement.
Item 7. Material to be Filed as Exhibits.
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Exhibit 1 Agreement dated August 21, 1998, among Mayflower, the Issuer,
Ms. Hobbs, D. Michael Walden, Randolph B. Stanley and M. Earl
Meck.
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SIGNATURES
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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.
Date: September 25, 1998 /s/ Terri B. Hobbs
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Name: Terri B. Hobbs
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