<PAGE> 1
OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per form.....14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
Aasche Transportation Services, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001
- -------------------------------------------------------------------------------
(Title of Class of Securities)
002538106
--------------------
(CUSIP Number)
Check the following box if a fee is being paid with the 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") of 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> 2
CUSIP NO. 002538106 SCHEDULE 13G PAGE 2 OF 5 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Diane L. Asche ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
425,398
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 425,398
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 425,398
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
425,398
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
854,376
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.51%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE> 3
ITEM 1.
(a) Aasche Transportation Services, Inc.
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
ITEM 2.
(a) Diane L. Asche
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
(c) USA
(d) Common Stock, $.0001
(e) 002538106
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
(e) / / Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employment Retirement Income Security Act of 1974
or Endowment fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) 854,376
(b) 21.51%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 425,398
(ii) shared power to vote or to direct the vote 425,398
(iii) sole power to dispose or to direct the disposition of 425,398
(iv) shared power to dispose or to direct the disposition of 425,398
Page 3 of 5 pages
<PAGE> 4
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 / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Mrs. Diane L. Asche, the Vice President and Secretary and a Director of the
Company, holds directly 407,398 shares of the Company's Common Stock, $.0001
par value. In addition, Mrs. Asche's husband, Larry L. Asche, the Chairman of
the Board and Chief Operating Officer and a Director of the Company, also owns
directly 410,978 shares of such stock. Also, pursuant to the Employment and
Stock Option Agreements by and between Mr. Asche and Mrs. Asche and the
Company, Mr. and Mrs. Asche are each entitled to exercise options for the
purchase of 18,000 shares of the Company's Common Stock, $.0001 par value, as
of January 1, 1997.
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 4 of 5 pages
<PAGE> 5
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.
2/7/97
----------------------
Date
/s/ Diane L. Asche
----------------------
Signature
Diane L. Asche
----------------------
Name/Title
Page 5 of 5 pages
<PAGE> 6
OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per form ..... 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
(Aasche Transportation Services, Inc.)
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001
- -------------------------------------------------------------------------------
(Title of Class of Securities)
002538106
--------------------
(CUSIP Number)
Check the following box if a fee is being paid with the 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") of 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> 7
SCHEDULE 13G
CUSIP NO. 002538106 PAGE 2 OF 5 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Diane L. Asche ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
425,000
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 426,500
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 425,000
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
426,500
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
851,500
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
37.4%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
ITEM 1.
(a) Aasche Transportation Services, Inc.
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
ITEM 2.
(a) Diane L. Asche
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
(c) USA
(d) Common Stock, $.0001
(e) 002538106
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
(e) / / Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employment Retirement Income Security Act of
1974 or Endowment fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) 851,500
(b) 37.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 425,000
(ii) shared power to vote or to direct the vote 426,500
(iii) sole power to dispose or to direct the disposition of 425,000
(iv) shared power to dispose or to direct the disposition of 426,500
Page 3 of 5 pages
<PAGE> 9
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
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Mrs. Diane L. Asche, the Vice President and Secretary and a Director of the
Company, holds directly 425,000 shares of the Company's Common Stock, $.0001
par value. In addition, Mrs. Asche's husband, Larry L. Asche, the Chairman of
the Board and Chief Operating Officer and a Director of the Company, also owns
directly 425,000 shares of such stock. In addition, Mrs. Asche's three (3)
children each own 500 shares of such stock. Mrs. Asche disclaims any
beneficial interest in the shares of her husband and of her children.
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 4 of 5 pages
<PAGE> 10
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.
10/4/94
-----------------------------
Date
/s/ Diane L. Asche
-----------------------------
Signature
-----------------------------
Diane L. Asche
-----------------------------
Name/Title
Page 5 of 5 pages
<PAGE> 11
OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per form ..... 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Aasche Transportation Services, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001
- -------------------------------------------------------------------------------
(Title of Class of Securities)
002538106
--------------------
(CUSIP Number)
Check the following box if a fee is being paid with the 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") of 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> 12
SCHEDULE 13G
CUSIP NO. 002538106 PAGE 2 OF 5 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Diane L. Asche ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
405,000
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 405,000
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 405,000
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
405,000
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
810,000
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
33.4%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 13
ITEM 1.
(a) Aasche Transportation Services, Inc.
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
ITEM 2.
(a) Diane L. Asche
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
(c) USA
(d) Common Stock, $.0001
(e) 002538106
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
(e) / / Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employment Retirement Income Security Act of
1974 or Endowment fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) 810,000
(b) 33.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 405,000
(ii) shared power to vote or to direct the vote 405,000
(iii) sole power to dispose or to direct the disposition of 405,000
(iv) shared power to dispose or to direct the disposition of 405,000
Page 3 of 5 pages
<PAGE> 14
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 []
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Mrs. Diane L. Asche, the Vice President and Secretary and a Director of the
Company, holds directly 400,000 shares of the Company's Common Stock, $.0001
par value. In addition, Mrs. Asche's husband, Larry L. Asche, the Chairman of
the Board and Chief Operating Officer and a Director of the Company, also owns
directly 400,000 shares of such stock. Also, pursuant to the Employment and
Stock Option Agreements by and between Mr. Asche and Mrs. Asche and the
Company, Mr. and Mrs. Asche are each entitled to exercise options for the
purchase of 5,000 shares of the Company's Common Stock, $.0001 par value, as of
January 1, 1995.
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 4 of 5 pages
<PAGE> 15
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.
Jan. 25, 1995
-------------------------------
Date
/s/ Diane Asche
--------------------------------
Signature
Diane L. Asche
--------------------------------
Name/Title
Page 5 of 5 pages
<PAGE> 16
OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
hours per form ..... 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
Aasche Transportation Services, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.0001
- -------------------------------------------------------------------------------
(Title of Class of Securities)
002538106
--------------------
(CUSIP Number)
Check the following box if a fee is being paid with the 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") of 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> 17
SCHEDULE 13G
CUSIP NO. 002538106 PAGE 2 OF 5 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Diane L. Asche ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
416,477
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 416,477
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 416,477
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
416,477
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
835,546
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.07%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 18
ITEM 1.
(a) Aasche Transportation Services, Inc.
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
ITEM 2.
(a) Diane L. Asche
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
(c) USA
(d) Common Stock, $.0001
(e) 002538106
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
(e) / / Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employment Retirement Income Security Act of
1974 or Endowment fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) 835,546
(b) 21.07%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 416,477
(ii) shared power to vote or to direct the vote 416,477
(iii) sole power to dispose or to direct the disposition of 416,477
(iv) shared power to dispose or to direct the disposition of 416,477
Page 3 of 5 pages
<PAGE> 19
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
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Mrs. Diane L. Asche, the Vice President and Secretary and a Director of the
Company, holds directly 405,477 shares of the Company's Common Stock, $.0001
par value. In addition, Mrs. Asche's husband, Larry L. Asche, the Chairman of
the Board and Chief Operating Officer and a Director of the Company, also owns
directly 408,069 shares of such stock. Also, pursuant to the Employment and
Stock Option Agreements by and between Mr. Asche and Mrs. Asche and the
Company, Mr. and Mrs. Asche are each entitled to exercise options for the
purchase of 11,000 shares of the Company's Common Stock, $.0001 par value, as
of January 1, 1996.
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 4 of 5 pages
<PAGE> 20
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.
2/8/96
----------------------------
Date
/s/ Diane Asche
----------------------------
Signature
Diane L. Asche
----------------------------
Name/Title
Page 5 of 5 pages
