-----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, MwGdnezeSWY0QtkLlV+ZBLLqeuBSTPXGo8RZ3YDO+88Je6KP6Eyc2o4UJhoeG8M5 9ck+drl/CtnF7OJvhpjI0w== 0000942708-96-000016.txt : 19960513 0000942708-96-000016.hdr.sgml : 19960513 ACCESSION NUMBER: 0000942708-96-000016 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960510 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KINARK CORP CENTRAL INDEX KEY: 0000055805 STANDARD INDUSTRIAL CLASSIFICATION: COATING, ENGRAVING & ALLIED SERVICES [3470] IRS NUMBER: 710268502 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-31242 FILM NUMBER: 96559049 BUSINESS ADDRESS: STREET 1: 7060 S YALE CITY: TULSA STATE: OK ZIP: 74136 BUSINESS PHONE: 9184940964 MAIL ADDRESS: STREET 1: 7060 SOUTH YALE STREET 2: STE 603 CITY: TULSA STATE: OK ZIP: 741365723 FORMER COMPANY: FORMER CONFORMED NAME: KIN ARK OIL CO DATE OF NAME CHANGE: 19690601 FORMER COMPANY: FORMER CONFORMED NAME: KIN ARK OIL & GAS CO DATE OF NAME CHANGE: 19680906 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WALKER LEE A CENTRAL INDEX KEY: 0001013840 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 202 OCEAN AVENUE CITY: RICHARDSON STATE: TX ZIP: 75081 BUSINESS PHONE: 2142388328 MAIL ADDRESS: STREET 2: 202 OCEAN AVENUE CITY: RICHARDSON STATE: TX ZIP: 75081 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.) Kinark Corporation (Name of Issuer) Common Stock, $.10 par value (Title of class of securities) 494474-10-9 (CUSIP number) Lee A. Walker 202 Ocean Avenue, Richardson, TX 75081; (214) 238-8328 (Name, address and telephone number of person authorized to receive notices and communications) December 22, 1995 (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 [X]. (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. (Continued on following pages) (Page 1 of 5 Pages) [FN] 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 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"). [/FN] 3058 SCHEDULE 13D CUSIP NO. 494478-10-9 13D PAGE 2 OF 5 PAGES 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Lee A. Walker 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* 00 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF 7 SOLE VOTING POWER SHARES 325,451 BENEFICIALLY OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING PERSON WITH 9 SOLE DISPOSITIVE POWER 325,451 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT OF BENEFICIALLY OWNED BY EACH REPORTING PERSON 325,451 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ] EXCLUDES CERTAIN SHARES* 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.7% (as of December 31, 1995) 14 TYPE OF REPORTING PERSON* IN KINARK CORPORATION (CUSIP NO. 494474-10-9) ITEM 1. SECURITY AND ISSUER This statement relates to the common shares, par value $.10 per share (the "Common Stock"), of Kinark Corporation, a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 7060 South Yale Avenue, Tulsa, Oklahoma 74101-1499. ITEM 2. IDENTITY AND BACKGROUND This statement is filed with respect to Lee A. Walker, whose residential address is 202 Ocean Avenue, Richardson, TX 75081. Ms. Walker is a sales and marketing representative for Time Electronics, Inc. located at 11333 Pagemill Road, Dallas, Texas 75243. Ms. Walker has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). Ms. Walker has not, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in a judgment, decree or final order enjoining future violations of or prohibiting or mandating activities subject to, Federal or State securities laws or a finding of any violation with respect to such laws. Ms. Walker is a United States Citizen. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION On December 22, 1995, Ms. Walker purchased 119,965 shares of Common Stock from The Robert G. and Pauline B. Walker Revocable Trust ("Original Trust"), 104,000 shares of Common Stock from The Pauline B. Walker Revocable Trust A ("Trust A") and 100,986 shares of Common Stock from The Robert G. Walker Irrevocable Trust B ("Trust B") at a purchase price of $2.84375 per share, for an aggregate purchase price of $924,079.41. The Original Trust, Trust A and Trust B are referred to collectively herein as, the "Trusts." Ms. Walker paid the aggregate purchase price by execution and delivery to the Trusts of three promissory notes, each dated December 22, 1995, in the original principal amounts of $341,150.47, $295,750.00 and $287,178.94 (collectively, the "Notes"). Interest accrues on each of the Notes at the per annum rate of 5.65% and the entire principal amount of each note, and all accrued and unpaid interest is payable on demand. Ms. Walker granted the Trusts security interests in the shares purchased with the Notes to secure repayment of the Notes. Ms. Walker paid market price for 500 shares of Common Stock owned prior to December 22, 1995, the date of the event which requires the filing of this Schedule 13D. ITEM 4. PURPOSE OF TRANSACTION Ms. Walker acquired the shares of Common Stock on December 22, 1995, for personal investment purposes. Ms. Walker may purchase additional securities of the Issuer in the future. Ms. Walker does not presently have any plans or proposals which relate to or would result in any of the transactions described in paragraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) Ms. Walker beneficially owns 325,451 shares of Kinark Common Stock, representing 8.7 percent of the outstanding shares of Common Stock as of December 31, 1995. Prior to the purchase of Common Stock on December 22, 1995, reflected in this filing, Ms. Walker owned directly 500 shares of the Issuer's Common Stock. (b) Ms. Walker has the sole power to vote and to dispose of all 325,451 shares of Common Stock. (c) Not applicable. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENT, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. None. 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. April 30 , 1996 (Date) /s/ Lee A. Walker (Signature) Lee A. Walker (Name) -----END PRIVACY-ENHANCED MESSAGE-----