-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G2mJROISabscvM7dz7G2pRyPje0FQ6F/0o6xjTRDL338J6pzKMDJ/Y5iUT9RjsLE 2h8ehVjULQAs9npkPbTHxg== 0001140361-07-023073.txt : 20071129 0001140361-07-023073.hdr.sgml : 20071129 20071129132724 ACCESSION NUMBER: 0001140361-07-023073 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071129 DATE AS OF CHANGE: 20071129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VSE CORP CENTRAL INDEX KEY: 0000102752 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 540649263 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31084 FILM NUMBER: 071274064 BUSINESS ADDRESS: STREET 1: 2550 HUNTINGTON AVE CITY: ALEXANDRIA STATE: VA ZIP: 22303 BUSINESS PHONE: 7039604600 MAIL ADDRESS: STREET 1: 2550 HUNTINGTON AVENUE CITY: ALEXANDRIA STATE: VA ZIP: 22303 FORMER COMPANY: FORMER CONFORMED NAME: VALUE ENGINEERING CO DATE OF NAME CHANGE: 19790612 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KOONCE CALVIN SCOTT CENTRAL INDEX KEY: 0001026013 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6550 ROCK SPRING DR STE 600 CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3018979700 SC 13D/A 1 formsc13da.htm FORMSC13DA 11-28-2007 formsc13da.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
Under the Securities Exchange Act of 1934

(Amendment No. 6)*
VSE Corporation
(Name of Issuer)

 Common Stock, par value $.05 per share
(Title of Class of Securities)
 
918284100
(CUSIP Number)
 
Laura C. Murphy
6550 Rock Spring Drive
Suite 600
Bethesda, MD 20817
(301) 897-9700
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

November 28, 2007
(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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See 13d-7 for other parties to whom copies are to be sent.
(Continued on following pages)

(Page 1 of 6  Pages)

*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).
 

 
Schedule 13D
CUSIP No. 918284100
  
Page 2 of 6 Pages

1.
 
Names of Reporting Persons.
Calvin S. Koonce
 
  
I.R.S. Identification Nos. of above persons (entities only).
 
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)
 
 
PF
     
5.
  
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
[  ]
  
     
6.
  
Citizenship or Place of Organization
   
United States 
     
Number of
 
7.
Sole Voting Power: 885,162
Shares
 
  
Beneficially
 
8.
Shared Voting Power: 0
Owned by
 
  
Each
 
9.
Sole Dispositive Power: 885,162
Reporting
 
  
Person With
 
10.
Shared Dispositive Power: 0
 
11.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
 
 885,162
 
12.
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions) [  ]
 
 
 
13.
 
Percent of Class Represented by Amount in Row (11)
   
17.6%
 
14.
 
Type of Reporting Person (See Instructions)
 
 
 IN


SCHEDULE 13D
CUSIP No. 918284100
  
Page 3 of 6 Pages

Item 1.
Security and Issuer

This Amendment No. 6 to the Statement of Beneficial Ownership on Schedule 13D/A (this "Statement") relates to shares of the Common Stock, par value $.05 per share (the "Common Stock"), of VSE Corporation (the "Issuer").  The address of the Issuer's principal executive offices is 2550 Huntington Avenue, Alexandria, Virginia  22303-1499.

Item 2.
Identity and Background

This Statement is filed on behalf of Calvin S. Koonce (the “Reporting Person”).  The Reporting Person is a United States citizen whose principal occupation is serving as the Chairman of Koonce Securities Inc., a broker-dealer registered under Section 15 of the Securities Exchange Act of 1934, as amended (“KSI”), and a Managing Director of Montgomery Investment Management, Inc., an investment advisor registered under the Investment Advisers Act of 1940, as amended (“MIM”).  The Reporting Person’s, KSI’s and MIM’s address is 6550 Rock Spring Drive, Suite 600, Bethesda, MD 20817.  The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been 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 laws.

Item 3.
Source and Amount of Funds or Other Consideration

The aggregate purchase price of the 884,662 shares of the Common Stock held by the Reporting Person is $__2,229,834.75_______ (including brokerage fees and expenses).  All of the shares of Common Stock held by the Reporting Person were paid for using his personal funds, were received as payment for services as a Director of the Issuer and were received by inheritance.  Each of options relating to 500 shares of Common Stock held by the Reporting Person were granted by the Issuer at no cost.  The 884,662 shares of Common Stock includes 3,000 shares owned by the Reporting Person’s wife which were received by inheritance.

Item 4.
Purpose of Transaction

(a)-(j).  The Reporting Person is a Director of the Issuer.  The Common Stock has been acquired by the Reporting Person for investment purposes and was not acquired with the intent to change or influence control of the Issuer or to participate in any transaction having that purpose or effect.  The Reporting Person reserves the right to change his plan and intentions at any time as he deems appropriate.

The Reporting Person may acquire additional shares of the Common Stock, dispose all or some of these share of the Common Stock from time to time, in each case in the open market or private transactions, block sales or purchases or otherwise, or may continue to hold the shares of the Common Stock, depending on business and market conditions, his continuing evaluation of the business and prospects of the Issuer and other factors.

Depending on factors deemed relevant by the Reporting Person, including but not limited to change in the Issuer's business, governance or financial situation, the Reporting Person reserves the right to formulate other plans and take such actions set forth in this response to Item 4 and any other actions as the Reporting Person may determine.

Presently the Reporting Person has no plans or proposals which would relate or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein and except to the extent that such matters are the result of the Reporting Person acting in his capacity as a Director of the Issuer.
 
 
SCHEDULE 13D
CUSIP No. 918284100
  
Page 4 of 6 Pages
 
Item 5.
Interest in Securities of the Issuer
 
 (a)-(b) On June 28, 2007, the Common Stock was split 2-for-1.  As of November 28, 2007 the Reporting Person beneficially owns 884,662 shares of Common Stock, and options relating to an additional 500 shares of Common Stock, together constituting approximately 17.6% of the shares of Common Stock outstanding of the Issuer. The Reporting Person has the sole power to vote and direct the vote and the sole power to dispose and direct the disposition of such shares and options, other than 1,400 shares of Common Stock which the Reporting Person is restricted from selling pursuant to the terms of their issuance.  The 884,662 shares of Common Stock includes 3,000 shares owned by the Reporting Person’s wife.  Mr. Koonce disclaims beneficial ownership of the shares owned by his wife. The aggregate percentage of shares of Common Stock reported owned by the Reporting Person is based upon 5,042,136 shares of Common Stock outstanding as of November 1, 2007, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2007 and filed with the Securities and Exchange Commission on November 9, 2007.
 
 
(c)
Set forth on Schedule A is a list of all the transactions in the Issuer's Common Stock since the most recent filing on Schedule 13D by the Reporting Person.  All such transactions were made in the open market except as set forth on such schedule.
 
 
(d)
No Person other than the Reporting 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 shares of Common Stock beneficially owned by the Reporting Persons.
     
 
(e)
Not Applicable.

Item 6.
Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer

The Reporting Persons is a Director of the Issuer.    The Reporting Person is restricted from selling 1400 shares of Common Stock pursuant to the terms of the issuance of such shares.

Item 7.
Materials to be Filed as Exhibits

None.
 
 
(The remainder of this page was intentionally left blank)
 
 
SCHEDULE 13D
CUSIP No. 918284100
  
Page 5 of 6 Pages

SIGNATURE

After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Date:
November  29, 2007
    
       
 
 
 
/s/ Calvin S. Koonce
      
 
Calvin S. Koonce
      


SCHEDULE 13D
CUSIP No. 918284100
  
Page 6 of 6 Pages
     
Schedule A

Date of Transaction
  
Number of Shares of the Common Stock
  
Buy/Sell/Other Transaction
  
Price Per Share
  
               
11/15/2007
    
7299
  
Sell
   $
54.1098
  
11/16/2007
    
8000
  
Sell
   $
54.0269
  
11/19/2007
    
4643
  
Sell
   $
54.3143
  
11/20/2007
    
3031
  
Sell
   $
52.8301
  
11/20/2007
    
11014
  
Sell
   $
52.0987
  
11/26/2007
    
11644
  
Sell
   $
48.7116
  
11/27/2007
  
1938
  
Sell
   $
48.9268
  
11/28/2007
    
6500
  
Sell
   $
50.2843
  
 
 
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