U.S. SECURITIES EXCHANGE COMMISSION
WASHINGTON, D.C.
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
INDUSTRIAL DATA SYSTEMS CORPORATION
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
(Title of Class of Securities)
456053107
(CUSIP Number)
WILLIAM A. COSKEY
600 CENTURY PLAZA DRIVE
BUILDING 140
HOUSTON, TEXAS 77073-6016
(281) 821-3200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communication)
MARCH 28, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on 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 [ ].
* 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).
Check the following box if a fee is being paid with this statement. [ ] (A fee
is not required only if the reporting 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.)
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CUSIP NO. 456053107
(1) Name of Reporting Person............... William A. Coskey
S.S. or IRS Identification No. of above person ###-##-####
(2) Check the appropriate box if a member of a group* (a)
(b)
(3) SEC use only..........................
(4) Source of funds*...................... PF
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e)...... Not Applicable
(6) Citizenship or place or organization.. United States
Number of shares beneficially owned by
each reporting person with:
(7) Sole voting power.......... 4,750,000
(8) Shared voting power........ -
(9) Sole dispositive power..... 4,750,000
(10) Shared dispositive power... -
(11) Aggregate amount beneficially owned by each
reporting person.................... 4,750,000
(12) Check if the aggregate amount in row (11) 12,800 shares of
excludes certain shares* common stock are
held by William A.
Coskey as Custodian
for Minor Children
(13) Percent of class represented by amount in Row (11) 36.18%
(14) Type of reporting person * IN
ITEM 1.
(a) Name of Issuer:
Industrial Data Systems Corporation
(b) Address of Issuer's Principal Executive Offices:
600 Century Plaza Drive
Building 140
Houston, Texas 77073
This statement relates to the Common Stock, $.001 par value per share of
the Issuer.
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ITEM 2.
(a) Name of Persons Filing:
William A. Coskey
(b) Address of Principal Business Office or, if none, Residence:
600 Century Plaza Drive
Building 140
Houston, Texas 77073
(c) Principal business or present principal occupation:
Chairman of the Board, President and Chief Executive Officer.
(d) Whether or not, during the last five years such person has been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) and if so, give the dates, nature of
conviction, name and location of court, any penalty imposed, or
other disposition of the case:
Not applicable.
(e) Whether or not, during the last five years, such person 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; and, if so, identify and describe
such proceedings and summarize the terms of such judgment, decree or
final order:
Not applicable.
(f) Citizenship:
Mr. Coskey is a United States citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of funds for the purchase of these shares were from
personal funds. William A. Coskey was issued 4,750,000 shares in
exchange for the consideration of fifty percent (50%) or 100,000
shares of Industrial Data Systems, Inc., a Texas corporation that
was merged into Industrial Data Systems Corporation on August 1,
1994. The amount of 12,800 shares of common stock beneficially held
by
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William A. Coskey as Custodian for minor children were purchased
with personal funds through the Company's private placement offering
on November 5, 1994.
The consideration for the issuance of 4,750,000 shares of common
stock to William A. Coskey was valued at $351,131.
The consideration paid by William A. Coskey to purchase 12,800
shares that are beneficially held by William A. Coskey, as Custodian
for Minor Children, was $3,840. .
ITEM 4. PURPOSE OF TRANSACTION
This Form 13D is being submitted in accordance with regulatory
compliance, following the submission of the Company's Form 10SB with
the Securities and Exchange Commission on January 27, 1997.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Amount Beneficially Owned
William A. Coskey beneficially owns 4,762,800 shares of the
Company's common stock, of which 12,800 shares are held by Mr.
Coskey as Custodian for Minor Children.
William A. Coskey and Hulda L. Coskey are husband and wife. Hulda L.
Coskey beneficially owns 4,750,000 shares of common stock, and
through their beneficial ownership of the Company's common stock,
are considered to be controlling persons.
(b) Percent of Class
William A. Coskey 36.27%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
William A. Coskey 4,762,800
(ii) shared power to vote or to direct the vote
William A. Coskey 4,762,800
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(iii) sole power to dispose or to direct the disposition of
William A. Coskey 4,762,800
(iv) shared power to dispose or to direct the disposition of
William A. Coskey 4,762,800
(d) Any transactions in the class of securities reported on that were
effected during the past sixty days or since the filing of the most
recent Schedule 13D:
None.
(e) Any other person 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:
None.
(f) State the date on which the reporting person(s) ceased to be the
beneficial owner of more than five percent of the class of
securities:
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.
None.
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:April 7, 1997 /s/ WILLIAM A. COSKEY
William A. Coskey
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