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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
ValuJet, Inc.
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(Name of Issuer)
Common Stock $.001 par value per share
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(Title of Class of Securities)
919906107
(CUSIP Number)
Check the following box if a fee is being paid with this 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") 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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13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy P. Flynn
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
NUMBER OF
SHARES 3,219,000
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6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 120,000
EACH
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7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,219,000
WITH
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8 SHARED DISPOSITIVE POWER
120,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,339,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
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12 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13G
ITEM 1.
(a) The name of the issuer is ValuJet, Inc. ("ValuJet").
(b) ValuJet's principal executive offices are located at 1800 Phoenix
Boulevard, Suite 126, Atlanta, Georgia 30349.
ITEM 2.
(a) This Schedule 13G is filed on behalf of Timothy P. Flynn (the
"Reporting Person").
(b) The Reporting Person's principal business address is 6900 Westcliff
Drive, Suite 505, Las Vegas, Nevada 89128.
(c) The Reporting Person is a citizen of the United States of America.
(d) The class of securities being reported on hereunder is the Common
Stock, par value $.001 per share, of ValuJet (the "Common Stock").
(e) The CUSIP number of the Common Stock is 919906107.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
Not Applicable.
ITEM 4. OWNERSHIP
(a) The Reporting Person beneficially owns 3,339,000 shares of which
120,000 shares are owned by the Reporting Person's children.
(b) Such shares represent 6.1% of ValuJet Common Stock.
(c) Of such shares:
(i) 3,219,000 shares are subject to the Reporting Person's sole
power to vote;
(ii) 120,000 shares are subject to the Reporting Person's shared
power to vote;
(iii) 3,219,000 shares are subject to the Reporting Person's
sole dispositive power; and
(iv) 120,000 shares are subject to the Reporting Person's shared
dispositive power.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
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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.
ITEM 10. CERTIFICATION
Not Applicable.
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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.
January 31, 1997
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Date
/s/ Timothy P. Flynn
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Timothy P. Flynn
