-----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, WXL4iJIYNR+H0OHJt4VH9FrvZofDUqp0BBqGz2FXm6SWTdNRyvtrPOeuYzJcy1s/ 1k4sYGw9UENJfmLG6FU9nw== 0000950144-98-002148.txt : 19980302 0000950144-98-002148.hdr.sgml : 19980302 ACCESSION NUMBER: 0000950144-98-002148 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980227 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JOHNSTON INDUSTRIES INC CENTRAL INDEX KEY: 0000041017 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221] IRS NUMBER: 111749980 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-10249 FILM NUMBER: 98552711 BUSINESS ADDRESS: STREET 1: 105 THIRTEENTH ST CITY: COLUMBUS STATE: GA ZIP: 31901 BUSINESS PHONE: 7066413140 MAIL ADDRESS: STREET 2: 105 THIRTEENTH ST CITY: COLUMBUS STATE: GA ZIP: 31901 FORMER COMPANY: FORMER CONFORMED NAME: GI EXPORT CORP DATE OF NAME CHANGE: 19850403 FORMER COMPANY: FORMER CONFORMED NAME: GEON INDUSTRIES INC DATE OF NAME CHANGE: 19770921 FORMER COMPANY: FORMER CONFORMED NAME: GEON TRADING CORP DATE OF NAME CHANGE: 19700915 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHANDLER DAVID L CENTRAL INDEX KEY: 0000924752 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P O BOX 1350 CITY: HOBE SOUND STATE: FL ZIP: 33475 BUSINESS PHONE: 5615453122 MAIL ADDRESS: STREET 1: P O BOX 1350 CITY: HOBE SOUND STATE: FL ZIP: 33475 SC 13D/A 1 JOHNSTON INDUSTRIES/ DAVID CHANDLER SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- SCHEDULE 13D (Amendment No. 5) Under the Securities Exchange Act of 1934 Johnston Industries, Inc. ------------------------------------------------------------------------------ (Name of Issuer) Common Stock, par value $.10 per share ------------------------------------------------------------------------------ (Title of Class of securities) 361719 10 7 ------------------------------------------------------------------------------ (CUSIP number) J. Reid Bingham, Esq. Bingham & Associates P.O. Box 14-4991 Coral Gables, Florida 33114 ------------------------------------------------------------------------------ (Name, address and telephone number of person authorized to receive notices and communications) January 30, 1998 ------------------------------------------------------------------------------ (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 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.) (Continued on following pages) (Page 1 of 4 Pages) ------------------------------------------------------------------------------ 2 CUSIP No.361719 10 7 13D Page 2 of 4 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS David L. Chandler SS. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ______ (b) ______ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF and OO - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) _____ - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Canada - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 367,089 SHARES ---------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER ----- OWNED BY ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 1,242,807 REPORTING ---------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER ----- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,242,807 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ______ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.92% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- 3 AMENDMENT NO. 5 TO SCHEDULE 13D This Schedule 13D is hereby amended as follows: 1. Item 3, Source and Amount of Funds or Other Consideration, is amended to add at the end of such item the following: On the following dates Mr. Chandler, directly or indirectly through the Johnston Industries Inc. ("Johnston") Rabbi Trust established for his benefit, loaned from his personal or its general funds the amounts set forth below to Redlaw Industries Inc. and received in consideration five year 10% promissory notes convertible at the holder's option into shares of common stock of Redlaw Industries Inc. or into shares of common stock of Johnston ("Johnston Common Stock") set forth below:
SHARES OF JOHNSTON COMMON DATE AMOUNT CONVERSION PRICE STOCK UPON CONVERSION ---- ------ ---------------- ------------------------- 01/07/98 US$173,000 US$4.5625 per share 37,918 01/08/98 US$13,000 US$4.625 per share 2,810 01/26/98 US$45,000 US$4.625 per share 9,729
2. Item 5, Interest in Securities of the Issuer, is amended to add at the end of such item the following: On the dates described in Item 3 Mr. Chandler, directly or indirectly through the Johnston Rabbi Trust established for his benefit, acquired the right to convert the promissory notes described in Item 3 into 50,357 shares of Johnston Common Stock. On January 9, 1998 Mr. Chandler converted the 09/03/97 promissory note in the amount of US$180,000 described in Amendment No. 4 to this Schedule 13D into shares of common stock of Redlaw Industries Inc. thereby terminating his right to convert such note into 32,000 shares of Johnston Common Stock. The total number of shares of Johnston Common Stock directly or beneficially owned by Mr. Chandler is now 1,242,807 or approximately 10.92% of the outstanding shares of Johnston Common Stock. Page 3 of 4 pages. 4 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. February 27, 1998 --------------------------- (Date) /s/ David L. Chandler --------------------------- (Signature) David L. Chandler Page 4 of 4 pages. -----END PRIVACY-ENHANCED MESSAGE-----