UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 2
PST VANS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
693934-10-1
-------------------------------------------------------
(CUSIP Number)
C. Marvin May
PO Box 9039, Salem, Oregon 97305
503-393-7030
-------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 2, 1997
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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>
Schedule 13D
CUSIP No. 693934-10-1 Page 2 of 5 Pages
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MaLeCo
93-0682236
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS (See Instructions)
WC
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
Number of 7. SOLE VOTING POWER
Shares Beneficially 75,800
Owned by
Each Reporting 8. SHARED VOTING POWER
Person With -0-
9. SOLE DISPOSITIVE POWER
75,800
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,800
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
-----
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.797%
14. TYPE OF REPORTING PERSON (See Instructions)
PN
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Page 3 of 5 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Schedule 13D General Instruction Answers
ITEM 1. SECURITY AND ISSUER
Name of Issuer: PST Vans, Inc.
Address: PST Vans, Inc.
1901 West 2100 South
Salt Lake City, UT 84119
Attn: Neil Vos, CFO
Title of Class of Securities: Common Stock
CUSIP Number: 693934-10-1
ITEM 2. IDENTITY AND BACKGROUND
Name: MaLeCo, an Oregon general partnership consisting of C. Marvin May, David
M. Daniels, Laura Daniels, and Craig May. C. Marvin May is the managing
partner and has sole voting and dispositive power. All partners are U.S.
citizens.
Principal
Business: MaLeCo is primarily engaged in investment and equipment leasing.
Occupation
of Partners: C. Marvin May, David M. Daniels, Laura Daniels, and Craig May are
employed by May Trucking Company, PO Box 9039, Salem, OR 97305 as
CEO, President, Benefits Manager and dispatcher, respectively.
Business
Address: MaLeCo
PO Box 9069
Salem, OR 97305
Attn: C. Marvin May
Bankruptcy
or other
insolvency
proceedings: To the best knowledge and belief of MaLeCo, none of the actions
described in Item 2(d)(1)(i) were taken during the past 10 years
that involved any general partner.
Criminal
Convictions: To the best knowledge and belief of MaLeCo, no general partner has
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or the naming of any such
person as the subject of a pending criminal proceeding during the
past ten years.
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Page 4 of 5 Pages
Civil and
Administrative
Proceedings: To the best knowledge and belief of MaLeCo, none of the actions
listed in Item 2(d)(iii) were taken during the past 10 years that
involved any general partner.
Civil
Proceedings: To the best knowledge and belief of MaLeCo, during the last five
years, no general partner was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a
result of such proceeding was or is subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such law.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of funds used in making the purchases is MaLeCo operating
capital.
ITEM 4. PURPOSE OF TRANSACTION
The shares reported herein are held for investment. MaLeCo has no plans
or proposals which relate to Items 4(a) through (j). Future investment
considerations by MaLeCo might or might not result in the acquisition
of additional securities of the Issuer or the disposition of the
securities of the Issuer.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
(a) As of December 1, 1997, MaLeCo (and its general
partners) beneficially owns 75,800 shares of Issuer's
common stock. The percent of class represented is
1.797%.
(b) C. Marvin May as managing partner has sole voting and
sole dispositive powers with respect to all the
shares of the Issuer's common stock held by MaLeCo.
(c) Transactions effected during the past sixty days are:
(1) The identity of the person who effected the
transaction on behalf of MaLeCo is Managing Partner
C. Marvin May; (2 to 4) the date of the transactions,
the amount of the securities involved, and the price
per share are as follows:
11/12/97 (11,000) 3.813 per share
11/13/97 (5,000) 3.750 per share
11/18/97 (20,000) 3.875 per share
11/18/97 (30,000) 3.813 per share
11/18/97 (32,000) 3.813 per share
11/18/97 (10,000) 3.938 per share
11/24/97 (10,000) 4.125 per share
11/25/97 (5,000) 4.938 per share
11/25/97 (5,000) 4.250 per share
11/28/97 (7,000) 4.536 per share
12/01/97 (3,100) 4.625 per share; and
<PAGE>
Page 5 of 5 Pages
(5) the transactions were effected by Smith Barney,
250 Church Street, SE, P.O. Box 2525, Salem, Oregon
97301, 503-581-1511, and AB Watley, Inc., 33 West
17th Street, 10th Floor, New York, New York 10011,
212-647-9860.
(d) No other person is known to have the right to receive
or the power to direct the receipt of dividends from,
or the proceeds from the sale of such securities.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
No exhibits are filed with this filing.
SIGNATURES
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.
Dated: December 2, 1997
/s/ C. Marvin May
---------------------------------------
C. Marvin May, Individually and as
Managing Partner of MaLeCo
