-----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, LZCy91Njj/w/5isT8bhUfbCD/HzP/ZARkP07NRQaPYs9b0+1S7PGnC/ctftmES1l DBo864eA7IB/THkJiUTLPQ== 0000950170-97-000032.txt : 19970124 0000950170-97-000032.hdr.sgml : 19970124 ACCESSION NUMBER: 0000950170-97-000032 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970123 SROS: AMEX GROUP MEMBERS: ERIC A. MENDELSON, CIK #0001031083 GROUP MEMBERS: LAM LIMITED PARTNERS, CIK #0001031086 GROUP MEMBERS: MENDELSON INTERNATIONAL CORPORATION, CIK #0001031081 GROUP MEMBERS: MENDELSON LAURANS A GROUP MEMBERS: VICTOR H. MENDELSON TRUST CIK #0001031080 GROUP MEMBERS: VICTOR H. MENDELSON, CIK #0001031082 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEICO CORP CENTRAL INDEX KEY: 0000046619 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] IRS NUMBER: 650341002 STATE OF INCORPORATION: FL FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-08066 FILM NUMBER: 97509335 BUSINESS ADDRESS: STREET 1: 3000 TAFT ST CITY: HOLLYWOOD STATE: FL ZIP: 33021 BUSINESS PHONE: 3059876101 MAIL ADDRESS: STREET 1: 3000 TAFT STREET CITY: HOLLYWOOD STATE: FL ZIP: 33021 FORMER COMPANY: FORMER CONFORMED NAME: HEINICKE INSTRUMENTS CO DATE OF NAME CHANGE: 19860417 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MENDELSON LAURANS A CENTRAL INDEX KEY: 0000905847 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 825 S. BRICKELL BAY DRIVE, SUITE 1643 CITY: MIAMI STATE: FL ZIP: 33131 BUSINESS PHONE: 3053741744 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* HEICO Corporation (formerly HEICO Industries Corp.) ------------------ (Name of Issuer) COMMON STOCK ----------------------------------------- (Title of Class of Securities) 422806 10 9 ---------------- (CUSIP Number) Victor H. Mendelson, Esq., 825 Brickell Bay Drive, #1643 Miami, Florida 33131 ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 17, 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 the Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the 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.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 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). Page 1 of 24 Pages SCHEDULE 13D/A - -------------------------------------- ----------------------------- CUSIP NO. 422806 10 9 PAGE 2 OF 24 PAGES - -------------------------------------- ----------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Laurans A. Mendelson - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF, OO - ------------------------------------------------------------------------------- 5 CHECK BOX 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 SHARES 879,587 BENEFI- -------------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY 98,860 EACH -------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 879,587 WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 98,860 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 978,447 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.06% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D/A - -------------------------------------- ----------------------------- CUSIP NO. 422806 10 9 PAGE 3 OF 24 PAGES - -------------------------------------- ----------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Eric A. Mendelson - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF, OO - ------------------------------------------------------------------------------- 5 CHECK BOX 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 SHARES 164,187 BENEFI- -------------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY 98,860 EACH -------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 164,187 WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 98,860 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 263,047 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.86% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D/A - -------------------------------------- ----------------------------- CUSIP NO. 422806 10 9 PAGE 4 OF 24 PAGES - -------------------------------------- ----------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Victor H. Mendelson - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF, OO - ------------------------------------------------------------------------------- 5 CHECK BOX 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 SHARES 161,423 BENEFI- -------------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY 98,860 EACH -------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 161,423 WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 98,860 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 260,283 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.81% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- SCHEDULE 13D/A - -------------------------------------- ----------------------------- CUSIP NO. 422806 10 9 PAGE 5 OF 24 PAGES - -------------------------------------- ----------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mendelson International Corporation - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* -- - ------------------------------------------------------------------------------- 5 CHECK BOX 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 SHARES 98,860 BENEFI- -------------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY None EACH -------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 98,860 WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 98,860 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.88% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- SCHEDULE 13D/A - -------------------------------------- ----------------------------- CUSIP NO. 422806 10 9 PAGE 6 OF 24 PAGES - -------------------------------------- ----------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LAM Limited Partners - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------- 5 CHECK BOX 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 SHARES 391,182 BENEFI- -------------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY None EACH -------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 391,182 WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 391,182 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.45% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- SCHEDULE 13D/A - -------------------------------------- ----------------------------- CUSIP NO. 422806 10 9 PAGE 7 OF 24 PAGES - -------------------------------------- ----------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Victor H. Mendelson Revocable Investment Trust - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------- 5 CHECK BOX 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 SHARES 104,322 BENEFI- -------------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY None EACH -------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 104,322 WITH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 104,322 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.95% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------- Item 1. SECURITY OF THE ISSUER. This Statement relates to the Common Stock, par value $.01 per share (the "Common Stock"), of HEICO Corporation (the "Company"). The address of the principal executive office of the Company is 3000 Taft Street, Hollywood, Florida 33021. Item 2. IDENTITY AND BACKGROUND. This Statement, which amends a filing on Schedule 13D filed on behalf of Laurans A. Mendelson, Eric A. Mendelson, Victor H. Mendelson and Mendelson International Corporation on January 10, 1995 which relates to a filing on Schedule 13D on behalf of such parties on March 10, 1994 which relates to a filing on Schedule 13D on behalf of such parties on May 6, 1993 is filed on behalf of Laurans A. Mendelson, Eric A. Mendelson, Victor H. Mendelson, Mendelson International Corporation ("MIC"), LAM Limited Partners ("LLP") and the Victor H. Mendelson Revocable Investment Trust ("VHMRIT") (collectively, the "Purchasers"). The following sets forth as to each Purchaser other than MIC, LLP and VHMRIT: a) name; b) residence or business address; c) present principal occupation or employment and the name, principal business and address of any corporation or other organizations in which such employment is conducted; d) whether or not, during the last five years, such Purchaser was convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); e) whether or not, during the last five years, such purchaser was a party to a civil proceeding or a judicial or administrative body of competent jurisdiction as a result of which such Purchaser was, or is, subject to a judgement, decree or final order enjoining future violations of, prohibiting or mandating activities subject to, federal or state securities laws or finding violations with respect to such laws; Page 8 of 24 Pages and f) citizenship. The following also sets forth for MIC: a) name; b) state or other place of incorporation; c) principal business address of its principal office; and the information in clauses d) and e) above. 1. (a) Laurans A. Mendelson (b) 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (c) Chairman, President and Chief Executive Officer HEICO Corporation 3000 Taft Street Hollywood, Florida 33021; Chairman and President Ambassador Square, Inc. 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (d) No. (e) No. (f) United States. 2. (a) Eric A. Mendelson (b) 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (c) Vice President Page 9 of 24 Pages HEICO Corporation 3000 Taft Street Hollywood, Florida 33021; Managing Director Mendelson International Corporation. 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (d) No. (e) No. (f) United States. 3. (a) Victor H. Mendelson (b) 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (c) Vice President and General Counsel HEICO Corporation 3000 Taft Street Hollywood, Florida 33021; President Mendelson International Corporation. 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 Page 10 of 24 Pages (d) No. (e) No. (f) United States. 4. (a) Mendelson International Corporation. (b) Florida. (c) MIC is engaged principally in the making of investments. MIC executive offices are located at 825 Brickell Bay Drive, Suite 1643, Miami, Florida 33131. 5. (a) LLP (b) Nevada. (c) LLP is engaged principally in the making of investments. LLP executive offices are located at 241 Ridge Street, Reno, Nevada 89505. (d) No. (e) No. The sole General Partner of LLP is LAM Management, Inc. ("LAMI"), a Nevada corporation engaged principally in the making of investments. The address of LAMI is 241 Ridge Street, Reno, Nevada 89505. The following information is furnished with respect to the Officers and Directors of LAMI under Sections (a) - (f) of Item 2 of Schedule 13D: (a) Laurans A. Mendelson. (b) 825 Brickell Bay Drive, Suite 1643 Page 11 of 24 Pages Miami, Florida 33131 (c) President and Director, LAMI 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (d) No. (e) No. (f) United States. (a) Arlene H. Mendelson (b) 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (c) Vice President and Director, LAMI 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (d) No. (e) No. (f) United States. (a) Judith Vetter (b) 825 Brickell Bay Drive, Suite 1643 Miami, Florida 33131 (c) Secretary of LAMI 825 Brickell Bay Drive, Suite 1643 Page 12 of 24 Pages Miami, Florida 33131 Assistant Secretary, HEICO Corporation 3000 Taft Street Hollywood, Florida 33021 (d) No. (e) No. (f) United States. 6. (a) VHMRIT (b) Florida (c) VHMRIT is engaged principally in the making of investments and its executive offices are located at 825 Brickell Bay Drive, Suite 1643, Miami, Florida 33131. (d) No. (e) No. (f) United States. Victor H. Mendelson is the Grantor, Trustee and presently sole beneficiary of VHMRIT. Certain relatives of Victor H. Mendelson are presently unvested beneficiaries of VHMRIT. Eric Mendelson and Victor Mendelson, both or whom are sons of Laurans A. Mendelson, and Laurans A. Mendelson are the only directors of MIC. Eric Mendelson and Victor Mendelson each own 50% of the outstanding capital stock of MIC. By agreement, all actions taken Page 13 of 24 Pages by MIC must be authorized by the unanimous vote of Eric Mendelson and Victor Mendelson. Victor Mendelson and Eric Mendelson may each be deemed control persons of MIC. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS. Certain Shares of Common Stock (including options to purchase Shares), as more particularly set forth in Section C of item 5 hereof, were acquired pursuant to Company employee compensation plans, Stock Options were acquired through employee stock option grants under company management stock option plans. No funds were expended by the Purchasers for acquisition of the stock options, however, each Purchaser's employment and contributions to the Company's success were consideration. Certain Shares, as more particularly set forth in Section C of item 5 hereof, were acquired at a price of $6.25 per share as company contributions to each Purchaser's account (except MIC, LLP and VHMRIT) in the HEICO Savings and Investment Plan ("HSIP"), the Company's 401 (K) plan. Most company contributions to the HSIP resulted from a matching payment by the purchasers from their cash compensation relating to their employment. Certain Shares, as more particularly set forth in Section C of item 5 hereof, were acquired in open market transactions effected on national stock exchanges through the purchaser's personal funds. The Shares acquired by LLP and VHMRIT were acquired exclusively as a result of a transfer of such shares to such entities by Laurans A. Mendelson, in the case of LLP, and Victor H. Mendelson, in the case of VHMRIT. Subject to availability of shares at prices deemed favorable by the Purchasers, the Page 14 of 24 Pages Purchasers may acquire additional shares of Common Stock in the open market, in privately negotiated transactions with third parties, or otherwise. Depending on prevailing conditions and the Purchaser's evaluation of the factors described above, the Purchasers also may determine to sell, in the open market, in privately negotiated transactions with third parties or otherwise, all or part of their shares of Common Stock depending on the course of action that the Purchasers pursue with regard to their investments generally and in the Company, the price of shares of Common Stock, market conditions and other factors. Item 4. The Purchasers acquired the shares in order to increase their investment in and equity ownership of the Company. Except as set forth above, the Purchasers have no present plans or proposals which would result in, or are related to, any of the transactions described in subparagraphs (a) through (j) of Item 4 under Schedule 13D. Item 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the close of business on January 17, 1996, the Purchasers own in the aggregate 1,304,058 shares of Common Stock, or approximately 21.55% of the outstanding shares of Common Stock based upon 5,253,833 shares (inclusive of 796,458 shares which are issuable upon exercise of Company stock options) outstanding as of August 31, 1996, based upon the Company's most recent quarterly report filed with the Securities and Exchange Commissions (adjusted for a 10% stock dividend paid on January 17, 1996). As of the close of business on January 17, 1996, Laurans A. Mendelson had sole direct beneficial ownership of 488,405 shares of Common Stock Page 15 of 24 Pages (8.52%), Eric A. Mendelson had sole direct beneficial ownership of 164,187 shares of Common Stock (3.03%), Victor H. Mendelson had sole direct beneficial ownership of 57,101 shares of Common Stock (1.08%), MIC had sole direct beneficial ownership of 98,860 shares of Common Stock (1.88%), LLP had sole direct beneficial ownership of 391,182 shares of Common Stock (7.45%) and VHMRIT had sole direct beneficial ownership of 104,322 shares of Common Stock (1.95%). By virtue of Eric Mendelson's and Victor Mendelson's ownership of all of the capital stock of MIC and their positions as officers of MIC, each may be deemed to beneficially own the 98,860 shares of Common Stock of which MIC possesses beneficial ownership. By virtue of his position as Chairman of the Board of Directors of MIC, Laurans A. Mendelson may also deemed to beneficially own the 98,860 shares of Common Stock of which MIC possesses beneficial ownership. Laurans A. Mendelson disclaims any beneficial ownership of such shares of Common Stock. By virtue of his position of President and Controlling Shareholder of LAMI, Mr. Mendelson may also be deemed the beneficial owner of the 391,182 shares of Common Stock of which LLP possesses beneficial ownership. If such 98,860 shares owned by MIC and such 391,182 shares owned by LLP were included in the amount of shares directly owned by Laurans A. Mendelson, he may be deemed to beneficially own an aggregate of 978,447 shares (inclusive of 480,069 shares which are issuable upon exercise of employee stock options pursuant to Company stock option plans) of Common Stock (17.06%). By virtue of Victor Mendelson's position as Trustee of VHMRIT, he may also be deemed to be the beneficial owner of VHMRIT's shares of Common Stock. If such shares were included in the shares directly owned by Victor Mendelson, he may deemed to beneficially own 260,083 shares of Common Stock (4.81%), including MIC's ownership. Page 16 of 24 Pages (c) See Exhibit "A" attached hereto. (d) Not applicable. (e) Not applicable. Page 17 of 24 Pages SIGNATURE After reasonable inquire 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. Dated: January 20, 1997 /s/ Laurans A. Mendelson ------------------------ Laurans A. Mendelson Page 18 of 24 Pages SIGNATURE After reasonable inquire 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. Dated: January 20, 1997 /s/ Eric A. Mendelson ----------------------- Eric A. Mendelson Page 19 of 24 Pages SIGNATURE After reasonable inquire 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. Dated: January 20, 1997 /s/ Victor H. Mendelson ----------------------- Victor H. Mendelson Page 20 of 24 Pages SIGNATURE After reasonable inquire 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. Dated: January 20, 1997 /s/ Victor H. Mendelson ------------------------------------ Mendelson International Corporation By: Victor H. Mendelson, President Page 21 of 24 Pages SIGNATURE After reasonable inquire 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. Dated: January 20, 1997 LAM Limited Partners, a Nevada limited partnership, BY: LAM Management, Inc., a Nevada corporation BY: /s/ Laurans A. Mendelson ---------------------------- Laurans A. Mendelson President Page 22 of 24 Pages SIGNATURE After reasonable inquire 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. Dated: January 20, 1997 Victor H. Mendelson Revocable Investment Trust BY: /s/ Victor H. Mendelson ------------------------------------- Victor H. Mendelson, Trustee Page 23 of 24 Pages Exhibit "A" HEICO CORPORATION COMMON STOCK TRANSACTIONS EFFECTED BY MENDELSON REPORTING GROUP. LAURANS A. MENDELSON 12/30/96 Open Market Purchase 330 $23.23 Various (1) 401(K) Stock Purchase/Allocation 2,011 $6.26 12/30/96 Transfer to LPP 391,182 ERIC A. MENDELSON 12/13/96 Option to Purchase shares of Common Stock** 16,500 $18.98 12/13/96 Option to Purchase shares of Common Stock** 16,500 $19.09 12/30/96 Open Market Purchase 330 $23.23 Various (1) 401(K) Stock Purchase/Allocation 1,777 $6.26 VICTOR A. MENDELSON 12/13/96 Option to Purchase shares of Common Stock** 16,500 $18.98 12/13/96 Option to Purchase shares of Common Stock** 16,500 $19.09 12/30/96 Open Market Purchase 330 $23.23 Various (1) 401(K) Stock Purchase/Allocation 1,700 $6.26 1/20/97 Transfer to VHMRIT 104,322 LLP 12/30/96 Transfer from Laurans A. Mendelson 391,182 VHMRIT 1/20/97 Transfer from Victor H. Mendelson 104,322 NOTES * All share amounts and prices are adjusted to reflect all stock dividends & splits paid in 1995, 1996 & January, 1997. ** Options to Purchase Common Stock issued pursuant to Company Stock Option Plans. (1) Shares allocated to purchaser's account pursuant to HEICO Savings and Investment Plan (401(K)) in accordance with plan policies on 12/31/94, 3/31/95, 6/30/95, 9/30,95, 12/31/95, 3/31/96, 6/30/96 & 9/30/96. Number of shares allocated in December, 1996 unavailable as of 1/20/97, but such amounts are believed less than 1/2 of 1% of Company shares outstanding. Page 24 of 24 Pages -----END PRIVACY-ENHANCED MESSAGE-----