<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(AMENDMENT NO. 1)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Internet America, Inc.
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(Name of issuer)
Common Stock, par value $0.01 per share
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(Title of class of securities)
46058Y109
--------------
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] 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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
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CUSIP No. 46058Y109 13G/A Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William O. Hunt
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF
SHARES 508,385
BENEFICIALLY ---------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 268,678
PERSON ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
508,385
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
268,678
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,063
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.2%
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12 TYPE OF REPORTING PERSON (see instructions)
IN
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CUSIP No. 46058Y109 13G/A Page 3 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B&G Partnership, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
NUMBER OF
SHARES 268,678
BENEFICIALLY ---------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
268,678
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
268,678
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.8%
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12 TYPE OF REPORTING PERSON (see instructions)
PN
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CUSIP No. 46058Y109 13G/A Page 4 of 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Grace A. Hunt
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ---------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 268,678
PERSON ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
268,678
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
268,678
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.8%
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12 TYPE OF REPORTING PERSON (see instructions)
IN
- --------------------------------------------------------------------------------
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CUSIP No. 46058Y109 13G/A Page 5 of 8 Pages
<TABLE>
<S> <C>
Item 1(a). Name of Issuer.
The name of the Issuer is Internet America, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
The Issuer's principal executive offices are located at One Dallas
Centre, 350 North St. Paul, Suite 3000, Dallas, Texas 75201.
Item 2(a). Name of Person Filing.
This statement is being filed on behalf of William O. Hunt, B&G Partnership, Ltd.
and Grace A. Hunt.
Item 2(b). Address of Principal Business Office or, if none, Residence.
The address of the principal business office of Mr. Hunt is 17604 Woods Edge Drive,
Dallas, Texas 75287.
Item 2(c). Citizenship.
Mr. Hunt is a citizen of the United States of America.
Item 2(d). Title of Class of Securities.
This statement relates to shares of Common Stock, par value of
$0.01 per share ("Common Stock") of the Issuer.
Item 2(e). CUSIP Number.
The CUSIP No. for the shares of Common Stock of the Issuer is 46058Y109.
Item 3. Not Applicable.
Item 4. Ownership.
(a) - (b) Amount Beneficially Owned and Percent of Class
As of the date herof, B&G Partnership, Ltd. beneficially owned 268,678 shares,
or 2.8%, of the Common Stock of the Issuer. As of the date herof, Mr. Hunt
may be deemed to have beneficially owned 777,063 shares, or 8.2%, of the Common
</TABLE>
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CUSIP No. 46058Y109 13G/A Page 6 of 8 Pages
Stock of the Issuer. Mr. Hunt beneficially owned 45,000 of such
shares by virtue of his ownership of options and may be deemed to
have beneficially owned 268,678 of such shares in his capacity as
general partner of B&G Partnership, Ltd. As of the date herof,
Mrs. Hunt may be deemed to have beneficially owned 268,678 shares,
or 2.8%, of the Common Stock of the Issuer in her capacity as
general partner of B&G Partnership, Ltd.
(c) (i) - (iv) Voting and Dispositive Power
B&G Partnership, Ltd., through its general partners, had the sole
power to vote or to direct the vote or to dispose or to direct the
disposition of 268,678 shares of the Common Stock of the Issuer. As
the general partners of this partnership, Mr. and Mrs. Hunt had the
shared power to vote or to direct the vote or to dispose or to
direct the disposition of all of such shares.
Mr. Hunt had the sole power to vote or to direct the vote or to
dispose or to direct the disposition of 463,385 shares of the
Common Stock of the Issuer. With respect to the 45,000 shares of
Common Stock of the Issuer beneficially owned by Mr. Hunt by virtue
of his ownership of options, no voting power exists because the
options have not been exercised to purchase such shares and no
dispositive power exists because the options are not transferable
except by will or the laws of decent and distribution or pursuant
to a qualified domestic relations order.
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.
Not applicable
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.
The members of the group are William O. Hunt, B & G Partnership
Ltd. and Grace A. Hunt.
Item 9. Notice of Dissolution of Group.
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CUSIP No. 46058Y109 13G/A Page 7 of 8 Pages
Not applicable
Item 10. Certification.
Not applicable
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CUSIP No. 46058Y109 13G/A Page 8 of 8 Pages
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: December 30, 1999
/s/ William O. Hunt
-------------------------------------
William O. Hunt
B&G PARTNERSHIP, LTD.
/s/ William O. Hunt
-------------------------------------
By: William O. Hunt, General Partner
/s/ Grace A. Hunt
-------------------------------------
Grace A. Hunt
