AMERICAN HOMESTAR CORP
SC 13G/A, 1997-01-27
PREFABRICATED WOOD BLDGS & COMPONENTS
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<PAGE>   1

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549



                                  SCHEDULE 13G



                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 3)


                         American Homestar Corporation
               --------------------------------------------------
                                (Name of issuer)

                                  Common Stock
               --------------------------------------------------
                         (Title of class of securities)

                                   026651-10-9                   
                         ------------------------------
                                 (CUSIP Number)





Check the following box if a fee is being paid with this statement [ ].  (A fee
is not required only if the filing person: (1) has a previous 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).

*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).





                               Page 1 of 9 Pages
<PAGE>   2
CUSIP No. 026651-10-9                     13G                  Page 2 of 9 Pages



- --------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Laurence A. Dawson, Jr.

- --------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       
                                                             (a) /  /
                                                             (b) /  /

- --------------------------------------------------------------------------------
 3    SEC USE ONLY



- --------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION


      United States of America
- --------------------------------------------------------------------------------
                               5     SOLE VOTING POWER

          NUMBER OF            
                                     381,518
           SHARES              -------------------------------------------------
                               6     SHARED VOTING POWER
        BENEFICIALLY           
                               
          OWNED BY                   327,863
                               ------------------------------------------------
            EACH               7     SOLE DISPOSITIVE POWER
                    
          REPORTING 
                                     996,474
           PERSON              ------------------------------------------------
                               8     SHARED DISPOSITIVE POWER                  
            WITH    
                                     327,863
- ------------------------------------------------------------------------------- 
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


      1,324,337
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                 /  /

- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


      15.34% 
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*


      IN
- --------------------------------------------------------------------------------



                     *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE>   3
CUSIP No. 026651-10-9                     13G                  Page 3 of 9 Pages



- --------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Dawson Adventures, Ltd.

- --------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       
                                                             (a) /  /
                                                             (b) /  /

- --------------------------------------------------------------------------------
 3    SEC USE ONLY



- --------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION


      Texas
- --------------------------------------------------------------------------------
                               5     SOLE VOTING POWER

          NUMBER OF            
                                     762,500
           SHARES              -------------------------------------------------
                               6     SHARED VOTING POWER
        BENEFICIALLY           
                               
          OWNED BY                   -0-
                               ------------------------------------------------
            EACH               7     SOLE DISPOSITIVE POWER
                    
          REPORTING 
                                     762,500
           PERSON              ------------------------------------------------
                               8     SHARED DISPOSITIVE POWER                  
            WITH    
                                     -0-
        
- ------------------------------------------------------------------------------- 
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


      762,500
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                 /  /

- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


      8.84%
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*


      PN
- --------------------------------------------------------------------------------



                     *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE>   4
CUSIP No. 026651-10-9                     13G                  Page 4 of 9 Pages



- --------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Sandra K. Dawson

- --------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       
                                                             (a) /  /
                                                             (b) /  /

- --------------------------------------------------------------------------------
 3    SEC USE ONLY



- --------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION


      United States of America
- --------------------------------------------------------------------------------
                               5     SOLE VOTING POWER

          NUMBER OF            
                                     147,544
           SHARES              -------------------------------------------------
                               6     SHARED VOTING POWER
        BENEFICIALLY           
                               
          OWNED BY                   327,863
                               ------------------------------------------------
            EACH               7     SOLE DISPOSITIVE POWER
                    
          REPORTING 
                                     -0-
           PERSON              ------------------------------------------------
                               8     SHARED DISPOSITIVE POWER                  
            WITH    
                                     
                                     327,863
- ------------------------------------------------------------------------------- 
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


      475,407
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                 /  /

- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


      5.51%
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*


      IN
- --------------------------------------------------------------------------------



                     *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE>   5
Item 1(a).       Name of Issuer.

                 The name of the Issuer is American Homestar Corporation.

Item 1(b).       Address of Issuer's Principal Executive Offices.

                 The Issuer's principal executive offices are located at 2450
         South Shore Boulevard, Suite 300, League City, Texas 77573.

Item 2(a).       Name of Person Filing.

                 This statement is being filed on behalf of Laurence A. Dawson,
         Jr., Dawson Adventures, Ltd. (the "Partnership") and Sandra K. Dawson.

Item 2(b).       Address of Principal Business Office or, if none, Residence.

                 The address of the principal business office of Laurence A.
         Dawson, Jr., the Partnership and Sandra K.  Dawson is 17919 Cedar
         Creek Canyon, Dallas, Texas 75252.

Item 2(c).       Citizenship.

                 Laurence A. Dawson, Jr. and Sandra K. Dawson are citizens of
         the United States of America.  The Partnership is a Texas limited
         partnership.

Item 2(d).       Title of Class of Securities.

                 This statement relates to shares of Common Stock, par value
         $.05 per share ("Common Stock"), of the Issuer.

Item 2(e).       CUSIP Number.

                 The CUSIP No. for the shares of Common Stock is 026651-10-9.

Item 3.  Not Applicable.





                               Page 5 of 9 Pages
<PAGE>   6
Item 4.  Ownership.

                 (a)-(b)  As of December 31, 1996, Laurence A. Dawson, Jr.
                 beneficially owned 1,324,337 shares, or 15.34%, of the Common
                 Stock.  Mr. Dawson beneficially owned 762,500 of such shares
                 as Managing General Partner of the Partnership and
                 beneficially owned 327,863 of such shares jointly with his
                 wife, Sandra K. Dawson.

                          As of December 31, 1996, the Partnership beneficially
                 owned 762,500 shares, or 8.84%, of the Common Stock.

                          As of December 31, 1996, Sandra K. Dawson
                 beneficially owned 475,407 shares, or 5.51%, of the Common
                 Stock.  Mrs. Dawson beneficially owned 147,544 of such shares
                 by virtue of the fact that, pursuant to the terms of the
                 Partnership's partnership agreement, Mrs. Dawson currently has
                 the power to vote such shares.  Mrs. Dawson beneficially owned
                 327,863 of such shares jointly with her husband, Laurence A.
                 Dawson, Jr.

                 (c)      Subject to certain terms of a shareholders agreement
                 (the "Shareholders Agreement"), which are discussed below,
                 Laurence A. Dawson, Jr. has the sole power to vote or to
                 direct the vote of 381,518 shares of Common Stock and has
                 shared power to vote or direct the vote of 327,863 shares of
                 Common Stock.  Mr. Dawson has sole power to dispose or to
                 direct the disposition of 996,474 shares of Common Stock and
                 has shared power to dispose or to direct the disposition of
                 327,863 shares of Common Stock.  See also Items 5-9 of page 2
                 hereof.

                          Subject to certain terms of the Shareholders
                 Agreement, which are discussed below, the Partnership, through
                 its partners, has the sole power to vote or to direct the vote
                 of 762,500 shares of Common Stock.  The Partnership, through
                 its Managing General Partner, has the sole power to dispose or
                 to direct the disposition of 762,500 shares of Common Stock.
                 See also Items 5-9 of page 3 hereof.

                          Subject to certain terms of the Shareholders
                 Agreement, which are discussed below, Sandra K.  Dawson has
                 the sole power to vote or to direct the vote of 147,544 shares
                 of Common Stock and has shared power to vote or direct the
                 vote of 327,863 shares of Common Stock.  Mrs. Dawson does not
                 have sole dispositive power with respect to any shares of
                 Common Stock and has shared power to dispose or to direct the
                 disposition of 327,863 shares of Common Stock.  See also Items
                 5-9 of page 4 hereof.

                          Pursuant to the Shareholders Agreement, Mr. Dawson,
                 Mrs. Dawson and the Partnership have agreed to vote their
                 shares to elect six directors of the Issuer in accordance with
                 the terms of the Shareholders Agreement.





                               Page 6 of 9 Pages
<PAGE>   7
Item 5.          Ownership of Five Percent or Less of a Class.

                 Not applicable.

Item 6.          Ownership of More than Five Percent on Behalf of Another
                 Person.

                 Certain other persons may have the right to receive a
                 portion of the proceeds from the sale of the shares of Common
                 Stock disclosed herein.  None of such persons' interests in
                 such shares exceeds five percent of the outstanding Common
                 Stock.

Item 7.          Identification and Classification of the Subsidiary Which
                 Acquired the Security Being Reported on By the Parent Holding
                 Company.

                 Not applicable.

Item 8.          Identification and Classification of Members of the Group.

                 Not applicable.

Item 9.          Notice of Dissolution of Group.

                 Not applicable.

Item 10.         Certification.

                 Not applicable.






                               Page 7 of 9 Pages
<PAGE>   8
- ---------------------                                    -----------------------
CUSIP No. 026651-10-9                 13G                      Page 8 of 9 Pages
- ---------------------                                    -----------------------




         After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.

         Date: January 16, 1997


                                        /s/ Laurence A. Dawson, Jr.
                                        ----------------------------------------
                                        Laurence A. Dawson, Jr.


                                        DAWSON ADVENTURES, LTD.


                                        By:/s/ Laurence A. Dawson, Jr.
                                           -------------------------------------
                                           Laurence A. Dawson, Jr.,
                                           Managing General Partner


                                        /s/ Sandra K. Dawson 
                                        ----------------------------------------
                                        Sandra K. Dawson
<PAGE>   9
- ---------------------                                    -----------------------
CUSIP No. 026651-10-9                 13G                      Page 9 of 9 Pages
- ---------------------                                    -----------------------




                                        Exhibit A

         Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General
Rules and Regulations of the Securities and Exchange Commission under the
Securities Exchange Act of 1934, as amended, the undersigned agree that the
statement to which this Exhibit is attached is filed on behalf of each of them
in the capacities set forth hereinbelow.


         Date:  January 16, 1997



                                        /s/ Laurence A. Dawson, Jr.
                                        ----------------------------------------
                                        Laurence A. Dawson, Jr.


                                        DAWSON ADVENTURES, LTD.


                                        By:/s/ Laurence A. Dawson, Jr.
                                           -------------------------------------
                                           Laurence A. Dawson, Jr.,
                                           Managing General Partner


                                        /s/ Sandra K. Dawson 
                                        ----------------------------------------
                                        Sandra K. Dawson



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