-----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, TRH8ant7F1I07wkqEpWnDqIiFwVe4oFWqmluL9+YvmE7c2T8MoNde44LKdCg6vXk Hpm7pIQl0lBHkdIoDQ0Esg== 0000912057-97-020572.txt : 19970618 0000912057-97-020572.hdr.sgml : 19970618 ACCESSION NUMBER: 0000912057-97-020572 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970617 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INDUSTRIAL HOLDINGS INC CENTRAL INDEX KEY: 0000879884 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 760289495 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41982 FILM NUMBER: 97625445 BUSINESS ADDRESS: STREET 1: 7135 ARDMORE CITY: HOUSTON STATE: TX ZIP: 77054 BUSINESS PHONE: 7137471025 MAIL ADDRESS: STREET 1: 7135 ARDMORE CITY: HOUSTON STATE: TX ZIP: 77054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ST JAMES CAPITAL CORP CENTRAL INDEX KEY: 0001016126 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 760478200 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: SUITE 301 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7139934600 SC 13D/A 1 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* Industrial Holdings Inc. -------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $.01 Per Share -------------------------------------------------------- (Title of Class of Securities) 456160100 -------------------------------------------------------- (CUSIP Number) John L. Thompson St. James Capital Corp. 1980 Post Oak Blvd., Suite 2030 Houston, TX 77056 (713) 871-0799 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 30, 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 this 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 this 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 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 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). (Continued on following page(s)) Page 1 of Pages --- CUSIP No. 456160100 13D Page of Pages --------- --- --- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons St. James Capital Corp. 76-0478200 - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* 00 - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 883,494 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 883,494 -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 883,494 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 14.4 - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page of Pages --- --- This statement constitutes Amendment No. 3 to the statement on Schedule 13D filed with the Securities and Exchange Commission on June 3, 1996, as amended on November 26, 1996 (collectively the "Original Filing"), with respect to shares of the common stock, par value $.01 per share (the "Common Stock"), of Industrial Holdings, Inc., a Texas Corporation ("IHI"), owned by St. James Capital Corp., a Delaware corporation ("SJCC"). This Amendment No. 3 reflects certain material changes in the information set forth in the Original Statement, as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER On March 29, 1997, SJCC acquired beneficial ownership of 600,000 shares of the common stock of IHI through the sale of all of the capital stock Manifold Value Services, Inc., a subsidiary of Herlin Inc. of which the Partnership owns a 98% interest, to IHI. The Partnership also received a term promissory note from IHI in the principal amount of $442,500. On April 18, 1997, SJCC distributed 432,006 warrants to purchase IHI common stock to its limited partners. On May 30, 1997, SJCC purchased 80,000 shares of common stock through the exercise of warrants at an exercise price of $3.27 per share, which were subsequently sold common stock in an open market transaction at the price of $10.25 per share. 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. June 16, 1997 ---------------------------------------- (Date) ---------------------------------------- (Signature) John Thompson ---------------------------------------- (Name/Title) -----END PRIVACY-ENHANCED MESSAGE-----