-----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, FsV1rvwr9TTzgwQeZ1+oN1IPBcalT0usHtig91q6D4mfBniCo6HuNcACdje+SyJb +vihaXFmC1cLfv+8o0hCEQ== 0000898080-08-000156.txt : 20080923 0000898080-08-000156.hdr.sgml : 20080923 20080923163030 ACCESSION NUMBER: 0000898080-08-000156 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080923 DATE AS OF CHANGE: 20080923 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDFIELD CORP CENTRAL INDEX KEY: 0000042316 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 880031580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31632 FILM NUMBER: 081084732 BUSINESS ADDRESS: STREET 1: 1684 WEST HIBISCUS BLVD. CITY: MELBOURNE STATE: FL ZIP: 32901 BUSINESS PHONE: 321-724-1700 MAIL ADDRESS: STREET 1: 1684 WEST HIBISCUS BLVD. CITY: MELBOURNE STATE: FL ZIP: 32901 FORMER COMPANY: FORMER CONFORMED NAME: GOLDFIELD CONSOLIDATED MINES CO DATE OF NAME CHANGE: 19670628 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOTTILE JOHN H CENTRAL INDEX KEY: 0001137257 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 3217241700 MAIL ADDRESS: STREET 1: 7825 SOUTH TROPICAL TRAIL CITY: MERRITT ISLAND STATE: FL ZIP: 32952 SC 13D/A 1 formsc13da.txt SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ----------------- SCHEDULE 13D AMENDMENT NO. 1 Under the Securities Exchange Act of 1934 The Goldfield Corporation (Name of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securities) 381370 10 5 (CUSIP Number) John H. Sottile c/o The Goldfield Corporation 1684 West Hibiscus Boulevard Melbourne, Florida 32901 (321) 724-1700 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 19, 2008 (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 ss. 240.13d-7 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 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 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 1 of 6 - -------------------------------------------------------------------------------- CUSIP No. - -------------------------------------------------------------------------------- 1. Name of Reporting Person John H. Sottile - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group* a._______ b._______ - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds* BK - -------------------------------------------------------------------------------- 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 Shares Beneficially Owned 7. Sole Voting Power by Each Reporting Person With 1,484,088 ----------------------------------------- 8. Shared Voting Power 140,400 ----------------------------------------- 9. Sole Dispositive Power 1,484,088 ----------------------------------------- 10. Shared Dispositive Power 140,400 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned By Each Reporting Person 1,624,488 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares* ----------- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11 6.38% - -------------------------------------------------------------------------------- 14. Type of Reporting Person* IN - -------------------- * See Instructions. Page 2 of 6 Explanatory Note This Amendment No. 1 to Schedule 13D amends and supplements the Schedule 13D that was originally filed on June 27, 2005 by John H. Sottile. Mr. Sottile is filing this Amendment No. 1 to update the information regarding his beneficial ownership of shares of common stock, par value $0.10 per share (the "Common Stock"), of the Goldfield Corporation, a Delaware corporation ("Goldfield"). The address of Goldfield's principal executive office is 1684 West Hibiscus Boulevard, Melbourne, Florida 32901, and its telephone number is (321) 724-1700. Items 3 and 5 of the Schedule 13D are amended, supplemented and/or restated as set forth below. Item 1. Security and Issuer Item 2. Identity and Background Item 3. Source and Amount of Funds or Other Consideration The total amount of funds required by Mr. Sottile to acquire the shares of Common Stock reported in Item 5(c) below, including brokers' commissions, was $139,690.51. The funds required to acquire the shares purchased in November 2007 and December 2007 were borrowed by Mr. Sottile on the dates of the acquisitions under a home equity line of credit from SunTrust Bank, which Mr. Sottile uses for purposes of personal cash management. The borrowings did not have a fixed maturity date and the interest rate charged varied depending upon market interest rates. The borrowings were not secured by the shares of Common Stock purchased, or any other securities, and have all been repaid in full. Mr. Sottile used cash on hand to fund the September 2008 purchase. Item 4. Purpose of Transactions Page 3 of 6 Item 5. Interest in Securities of the Issuer (a)-(b) As a result of the transactions described in Item 5(c) below, Mr. Sottile beneficially owns an aggregate of 1,624,488 shares of Common Stock, representing approximately 6.38% of the shares outstanding as of September 15, 2008. Mr. Sottile directly holds 1,484,088 shares of Common Stock and indirectly holds 140,400 shares of Common Stock, which are owned by his wife, Ann Sottile. Mr. Sottile reports sole voting and dispositive power with respect to the shares of Common Stock he holds directly and shared voting and dispositive power with respect to the shares of Common Stock he holds indirectly. (c) Mr. Sottile acquired shares of Common Stock as follows: - ---------------------------- ---------------------- ------------------- Date Number of shares Price per share - ---------------------------- ---------------------- ------------------- November 27, 2007 200 $0.68 - ---------------------------- ---------------------- ------------------- November 28, 2007 300 $0.68 - ---------------------------- ---------------------- ------------------- November 30, 2007 300 $0.68 - ---------------------------- ---------------------- ------------------- December 4, 2007 4,700 $0.69 - ---------------------------- ---------------------- ------------------- December 4, 2007 500 $0.67 - ---------------------------- ---------------------- ------------------- December 6, 2007 20,000 $0.68 - ---------------------------- ---------------------- ------------------- December 7, 2007 19,950 $0.68 - ---------------------------- ---------------------- ------------------- December 7, 2007 50 $0.68 - ---------------------------- ---------------------- ------------------- December 10, 2007 100 $0.68 - ---------------------------- ---------------------- ------------------- All the foregoing acquisitions were effected by way of open-market purchases on the American Stock Exchange. In addition, on September 19, 2008 Mr. Sottile acquired 300,000 shares of Common Stock for $0.36 per share as a single block. (d) Not applicable. (e) Not applicable. Page 4 of 6 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Item 7. Material to Be Filed as Exhibits Page 5 of 6 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. Dated: September 23, 2008 JOHN H. SOTTILE, Individually /s/ John H. Sottile ----------------------------- Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----