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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
Amendment No. 4
Information to be included in statements filed
pursuant to Rules 13d-1(b) and (c) and
amendments thereto filed pursuant to 13d-2(b)
AVT CORPORATION
---------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
0328M 10 5
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(CUSIP Number of Class of Securities)
Page 1 of 8 Pages
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CUSIP NO. 03828M 10 5 SCHEDULE 13G Page 2 of 8 Pages
------------ Amendment No. 4
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gull Industries, Inc.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not applicable (b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 1,635,657
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,635,657
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,635,657
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
12.96%
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TYPE OF REPORTING PERSON*
12
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 Pages
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CUSIP NO. 03828M 10 5 SCHEDULE 13G Page 3 of 8 Pages
----------- Amendment No. 4
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William L. True
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not applicable (b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 19,500
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,635,657
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 19,500
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,635,657
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,655,157
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
13.11%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8 Pages
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Item 1(a). Name of Issuer.
This Schedule 13G relates to AVT Corporation, a Washington corporation (the
"Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 11410 N.E. 122nd
Way, Kirkland, Washington 98034.
Item 2(a). Name of Person Filing.
This Schedule 13G relates to Gull Industries, Inc. and William L. True
Item 2(b). Address of Principal Business Office.
The business address of the reporting person is 3403 4th Avenue South,
Seattle, Washington 98124.
Item 2(c). Citizenship.
Gull Industries, Inc. is a corporation organized under the laws of the
State of Washington
Mr. True is a United States citizen.
Item 2(d). Title of Class of Securities.
This Schedule 13G relates to the Company's common stock, $.01 par value per
share (the "Common Stock").
Item 2(e). CUSIP Number.
The CUSIP Number for the Company's Common Stock is 03828M 10 5.
Item 3. If this statement is filed pursuant to Rules 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,
Page 4 of 8 Pages
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(d) [_] Investment Company registered under Section 8 of the Investment
Company Act,
(e) [_] Investment Advisor registered under Section 203 of the Investment
Advisors Act of 1940,
(f) [_] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or
Endowment Fund,
(g) [_] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G),
(h) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Not applicable.
Item 4. Ownership.
The following describes the ownership of Common Stock by Gull Industries,
Inc. as of December 31, 1998:
I. Gull Industries, Inc.:
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(a) Amount beneficially owned: 1,635,657/1/
(b) Percent of class: 12.96%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 1,635,657
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
1,635,657
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/1/ Gull Industries, Inc. directly holds these shares and shares
dispositive and voting power with Mr. True.
Page 5 of 8 Pages
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The following describes the ownership of Common Stock by William L. True as
of December 31, 1998:
II. William L. True
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(a) Amount beneficially owned: 1,655,157/2/
(b) Percent of class: 13.11%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 19,500
(ii) Shared power to vote or to direct the vote: 1,635,657
(iii) Sole power to dispose or to direct the disposition of: 19,500
(iv) Shared power to dispose or to direct the disposition of:
1,635,657
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.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
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/2/ Mr. True, Chairman of the Board of Gull Industries, Inc., indirectly
holds these shares and shares dispositive and voting power with Gull Industries,
Inc. Also included in the above amount are 19,500 common shares issuable upon
exercise of stock options that are currently exercisable, over which shares Mr.
True has sole dispositive and voting power.
Page 6 of 8 Pages
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Item 10. Certification.
Not applicable.
Page 7 of 8 Pages
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SIGNATURE
After reasonable inquiry and to best of my knowledge and belief, I hereby
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 1, 1999.
GULL INDUSTRIES, INC.
By /s/ William L. True
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William L. True, Chairman
/s/ William L. True
-------------------------
William L. True
Page 8 of 8 Pages
