-----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, EpbDEi0v2iwxFXV84nATjAvZ8bMOpEW8HoxcgMFkPudVNkcKvxzsVvPkIz7+AJ/P bsWuOqXJgGybpJeUvzDT7A== 0001014108-04-000094.txt : 20040603 0001014108-04-000094.hdr.sgml : 20040603 20040603123849 ACCESSION NUMBER: 0001014108-04-000094 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040603 GROUP MEMBERS: DAVID J. SCHULTE GROUP MEMBERS: KCEP II LC GROUP MEMBERS: KCEP VENTURES II LP GROUP MEMBERS: WILLIAM M. REISLER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ELECSYS CORP CENTRAL INDEX KEY: 0000914398 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 481099142 STATE OF INCORPORATION: KS FISCAL YEAR END: 430 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48677 FILM NUMBER: 04846399 BUSINESS ADDRESS: STREET 1: 15301 W. 109TH STREET CITY: LENEXA STATE: KS ZIP: 66219 BUSINESS PHONE: 9136470158 MAIL ADDRESS: STREET 1: 15301 W. 109TH STREET CITY: LENEXA STATE: KS ZIP: 66219 FORMER COMPANY: FORMER CONFORMED NAME: AIRPORT SYSTEMS INTERNATIONAL INC DATE OF NAME CHANGE: 19931103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: REISLER WILLIAM M CENTRAL INDEX KEY: 0001107139 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 233 WEST 47TH ST. CITY: KANSAS CITY STATE: MO ZIP: 64112 BUSINESS PHONE: 8169601771 MAIL ADDRESS: STREET 1: 233 WEST 47TH ST. CITY: KANSAS CITY STATE: MO ZIP: 64112 SC 13G/A 1 ec-form13g_931697v1.txt SCHEDULE 13G AMENDED ------------------------- OMB APPROVAL ------------------------- OMB Number: 3235-0145 Expires:December 31, 2005 Estimated average burden hours perresponse ...11 ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Elecsys Corporation (f/k/a Airport Systems International, Inc.) --------------------------------------------------------------- (Name of Issuer) Common Stock - $.01 par value ---------------------------------------------------------- (Title of Class of Securities) 00949N 10 3 ----------- (CUSIP Number) May , 2004 ---------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) * 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). - ------------------------------ CUSIP No. 00949N 10 3 13G - ------------------------------ - ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) KCEP Ventures II, L.P. - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Missouri - ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF 45,635 SHARES --------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH REPORTING -0- PERSON --------------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER 45,635 --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 45,635 - ------------------------------------------------------------------------------ 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) [ ] - ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.6% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ - ------------------------------ CUSIP No. 00949N 10 3 13G -------------------- - ------------------------------ - ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) KCEP II, L.C. - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Missouri - ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF -0- SHARES ------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH REPORTING -0- PERSON ------------------------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) [X] - ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% - ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON OO (limited liability company) - ------------------------------------------------------------------------------ - ------------------------------ CUSIP No. 00949N 10 3 13G --------------------- - ------------------------------ - ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) David J. Schulte - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF -0- SHARES ------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH REPORTING -0- PERSON ------------------------------------------------------------ WITH 7 SOLE DISPOSITVE POWER -0- ------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) [X] - ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% - ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ - ------------------------------ CUSIP No. 00949N 10 3 13G --------------------- - ------------------------------ - ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) William Reisler - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States citizen - ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF -0- SHARES ------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH REPORTING -0- PERSON ------------------------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) [X] - ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% - ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ ITEM 1(a) Name of Issuer: Elecsys Corporation (formerly known as Airport Systems International, Inc.) ITEM 1(b) Address of Issuer's Principal Executive Offices: 15301 West 109th Street Lenexa, Kansas 66219 ITEM 2(a) Name of Person Filing: This statement on Schedule 13G is being filed by the following persons as a joint filing pursuant to Rule 13d-1(k)(1): KCEP Ventures II, L.P. KCEP II, L.C. David J. Schulte William Reisler ITEM 2(b) Address of Principal Business Office or, if none, Residence: The address of the principal business office for each of the persons filing this statement on Schedule 13G is 233 West 47th Street Kansas City, MO 64112. ITEM 2(c) Citizenship: KCEP Ventures II, L.P. is a Missouri limited partnership KCEP II, L.C. is a Missouri limited liability company David J. Schulte is a United States citizen William Reisler is a United States citizen ITEM 2(d) Title of Class of Securities: Common Stock, par value $.01 per share. ITEM 2(e) CUSIP Number: 00949N 10 3 ITEM 3: If this statement is filed pursuant to ss.ss. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable ITEM 4: Ownership (a) Amount beneficially owned: 45,635 shares (as more fully described below) KCEP Ventures II, L.P. may be deemed the beneficial owner of 45,635 shares of the issuer's Common Stock, which consists of 45,635 shares of Common Stock issuable upon the exercise of a warrant ("Warrant") issued to it. By virtue of being the general partner of KCEP Ventures II, L.P., KCEP II, L.C. may be deemed the indirect beneficial owner of all 45,635 shares of Common Stock deemed beneficially owned by KCEP Ventures II, L.P. By virtue of being the Managing Directors of KCEP II, L.C., each of David J. Schulte and William Reisler may be deemed the indirect beneficial owner of all 45,635 shares of Common Stock deemed directly or indirectly beneficially owned by KCEP Ventures II, L.P and KCEP II, L.C. KCEP II, L.C., David J. Schulte and William Reisler each disclaims beneficial ownership of the 45,635 shares of Common Stock deemed beneficially owned by KCEP Ventures II, L.P. (b) Percent of class: 1.6% (as more fully explained below) Based on (i) 2,791,331 shares of Common Stock outstanding as of March 5, 2004 (as reflected in the issuer's Quarterly Report on Form 10-QSB for the period ended January 31, 2004) and (ii) 45,635 shares of Common Stock issuable to KCEP Ventures II, L.P. upon the exercise of the Warrant, the 45,635 shares of Common Stock which are the subject of this statement would represent 1.6% of the outstanding Common Stock of the issuer. (c) Number of shares of which such person has: (i) sole power to vote or to direct the vote: (see below). (ii) shared power to vote or to direct the vote: (see below). (iii)sole power to dispose or to direct the disposition of: (see below). (iv) shared power to dispose or to direct the disposition of: (see below). If the Warrant were to be fully exercised, KCEP Ventures II, L.P. would have the sole power to vote and to direct the vote of, and the sole power to dispose or to direct the disposition of, the 45,635 shares of Common Stock issuable upon such exercise. By virtue of serving as the general partner of KCEP Ventures II, L.P., if the Warrant were to be fully exercised, KCEP II, L.C. would have the sole power to vote and to direct the vote of, and the sole power to dispose or to direct the disposition of, the 45,635 shares of Common Stock issuable upon such exercise. By virtue of being the Managing Directors of KCEP II, L.C., if the Warrant were to be fully exercised, each of David J. Schulte and William Reisler may be deemed to share with each other the power to vote and to direct the vote of, and the power to dispose or to direct the disposition of, the 45,635 shares of Common Stock issuable upon such exercise. ITEM 5: Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the Common Stock, check the following: [X]. 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 or Control Person. 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. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. May __, 2004 KCEP VENTURES II, L.P. By: KCEP II, L.C., General Partner By: --------------------------- David J. Schulte, Managing Director May __, 2004 KCEP II, L.C. By: --------------------------- David J. Schulte, Managing Director May __, 2004 ------------------------------ DAVID J. SCHULTE May __, 2004 ------------------------------ WILLIAM REISLER -----END PRIVACY-ENHANCED MESSAGE-----