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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)*
CET ENVIRONMENTAL SERVICES, INC.
(Name of Issuer)
Common Stock, No Par Value
(Title of Class of Securities)
125180 10 9
(CUSIP Number)
*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. 125180 10 9 13G
1 NAME OF REPORTING PERSON
Steven H. Davis
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ---
Not applicable (b) ---
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
Number of Shares Beneficially Owned by Each Reporting Person With
5 SOLE VOTING POWER
1,185,907
6 SHARED VOTING POWER
73,656
7 SOLE DISPOSITIVE POWER
1,185,907
8 SHARED DISPOSITIVE POWER
73,656
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,259,563
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
Not applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.7%
12 TYPE OF REPORTING PERSON*
IN *See Instruction before filling out.
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Item 1.
(a) Name of Issuer: CET Environmental Services, Inc.
(b) Address of Issuer's Principal Executive Offices:
7670 South Vaughn Court, Suite 130
Englewood, Colorado 80112
Item 2.
(a) Name of Person Filing: Steven H. Davis
(b) Address of Principal Business Office:
7670 South Vaughn Court, Suite 130
Englewood, Colorado 80112
(c) Citizenship: USA
(d) Title of Class of Securities: Common Stock, No Par Value
(e) CUSIP No.: 125180 10 9
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) Amount Beneficially Owned: 1,259,563
(b) Percent of Class: 21.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,185,907
(ii) shared power to vote or to direct the vote: 73,656*
(iii) sole power to dispose or to direct the
disposition of: 1,185,907
(iv) shared power to dispose or to direct the
disposition of: 73,656*
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*Represents 1,000 shares held by Mr. Davis' wife and 72,656 shares held by
members of the immediate family or by trust of which such members are
beneficiaries. Mr. Davis disclaims beneficial ownership of those securities.
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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.
Item 10. Certification.
Not applicable.
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.
Date: February 10, 1998 By/s/ Steven H. Davis
Steven H. Davis
