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SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Asche Transportation Services, Inc.
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(Name of Issuer)
Common Stock, $.0001
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(Title of Class of Securities)
04362T100
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
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).
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CUSIP NO. 04362T100 13G PAGE 2 OF 6 PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Larry L. Asche ###-##-####
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
USA
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Number of
5 Sole Voting Power
Shares 619,011
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Beneficially 6 Shared Voting Power
619,011
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 619,011
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Reporting 8 Shared Dispositive Power
619,011
Person With
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,188,853
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10 Check 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)
13.24%
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12 Type of Reporting Person (See Instructions)
IN
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ITEM 1.
(a) Asche Transportation Services, Inc.
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
ITEM 2.
(a) Larry L. Asche
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
(c) USA
(d) Common Stock, $.0001
(e) 04362T100
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 ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance withss.240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [ ] Group, in accordance withss.240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) 1,188,853
(b) 13.24%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 619,011
(ii) shared power to vote or to direct the vote 619,011
(iii) sole power to dispose or to direct the disposition of 619,011
(iv) shared power to dispose or to direct the disposition of 619,011
Page 3 of 6 pages
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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
Larry L. Asche, the Chairman of the Board, Chief Executive Officer and a
Director of the Company, holds directly 418,011 shares of the Company's Common
Stock, $.0001 par value per share. In addition, Mr. Asche's wife, Diane L.
Asche, the Vice President, Secretary and a Director of the Company, owns
directly 416,342 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
26,000 shares of the Company's Common Stock, $.0001 par value per share, as of
January 1, 1999. Also, pursuant to a Warrant dated January 16, 1998, Mr. Asche
is entitled to exercise a warrant to purchase 100,000 shares of the Company's
Common Stock, $.0001 par value per share. Pursuant to two Warrants dated January
16, 1998 and January 26, 1998, respectively, Mrs. Asche is entitled to exercise
warrants to purchase a total of 102,500 shares of the Company's Common Stock,
$.0001 par value per share. Pursuant to Option Agreements dated as of December
22, 1998, June 7, 1999 and September 20, 1999, Mr. Asche is entitled to purchase
a total of 75,000 shares of the Company's Common Stock, $0.0001 par value per
share. Pursuant to an Option Agreement dated as of September 20, 1999, Mrs.
Asche is entitled to purchase a total of 25,000 shares of the Company's Common
Stock, $0.0001 par value per share.
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
Page 4 of 6 pages
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Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 5 of 6 pages
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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.
2/11/99
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Date
/s/ Larry L. Asche
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Signature
Larry L. Asche
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Name/Title
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