SC 13D 1 herbst13d.htm 13D FOR JERRY HERBST 13D
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1 )*

Coast Casinos, Inc.
(Name of Issuer)

Common Stock. par value $.01
(Title of Class of Securities)

None
(CUSIP Number)

Karen E. Bertero
Gibson, Dunn & Crutcher LLP
333 S. Grand Ave., Suite 4700
Los Angeles, California 90071

(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

February 1, 1999
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  [_].

Note:   Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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 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).


Page 1 of 4 pages



Cusip No. None 13D Page 2 of 4 Pages

1. Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only).

Jerry Herbst

2. Check the Appropriate Box If a Member of Group (See Instructions)

N/A
(a) [_]
(b) [_]

3. SEC Use Only


4. Source of Funds (See Instructions)

PF

5. Check If Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)

N/A
  [_]

6. Citizenship or Place of Organization

United States





Number
of Shares
Beneficially
Owned By
Each
Reporting
Person With
  7. Sole Voting Power

265,488.08 shares of Common Stock

  8. Shared Voting Power

None

  9. Sole Dispositive Power

265,488.08 shares of Common Stock

10. Shared Dispositive Power

None

11. Aggregate Amount Beneficially Owned by Each Reporting Person

265,488.08 shares of Common Stock

12. Check Box If the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
  [_]

13. Percent of Class Represented by Amount in Row (11)

18.17%

14. Type of Reporting Person (See Instructions)

IN


Page 2 of 4 pages


Item 1.

Security and Issuer


This Amendment No. 1 to Schedule 13D (the “Amendment”) amends a prior statement on Schedule 13D (the “Original Filing”) filed with the Securities and Exchange Commission on February 12, 1996. This Amendment relates to shares of common stock, $.01 per share (the “Common Stock”) of Coast Casinos, Inc., a Nevada corporation (the “Company”), whose principal executive offices are located at 4500 West Tropicana Avenue, Las Vegas, Nevada 89103.


Item 2.

Identity and Background


(a)

Jerry Herbst;


(b)

5195 Las Vegas Boulevard South, Las Vegas, Nevada 89119;


(c)

President, Terrible Herbst Oil Company;


(d)

Mr. Herbst has not been convicted in a criminal proceeding (excluding possible traffic violations and similar misdemeanors) during the last five years;


(e)

During the last five years, Mr. Herbst has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws; and


(f)

United States.


Item 3.

Source and Amount of Funds or Other Consideration


Mr. Herbst purchased 16,360 shares of Common Stock from January 16, 1996 to the date hereof, in six separate transactions, for a per share price of $100.00, using his personal funds.


Item 4.

Purpose of Transaction


Mr. Herbst purchased 16,360 shares of Common Stock during the period between January 16, 1996 and the date hereof from certain stockholders of the Company. As a result of the purchases, Mr. Herbst owns 265,488.08 shares of Common Stock, representing 18.17% of the issued and outstanding Common Stock.

As of the date hereof, Mr. Herbst does not have any plans or proposals which relate to, or would result in, (i) the acquisition or disposition of shares of Common Stock, (ii) any extraordinary corporate action by the Company such as a merger, reorganization or liquidation, (iii) a sale or transfer of a material amount of the assets of the Company, (iv) any change in the board of directors of the Company, (v) any other material change to the Company’s business or corporate structure, (vi) changes to the Company’s charter documents to impede the acquisition of control by any person, (vii) or any similar action. Mr. Herbst may have such plans or proposals in the future.



Page 3 of 4 pages


Item 5.

Interest in Securities of the Issuer


(a)     Mr. Herbst owns an aggregate of 265,488.08 shares of Common Stock. Such amount is 18.17% of the issued and outstanding Common Stock.

(b)     Mr. Herbst has sole voting and disposition power over all such shares.

(c)-(e)     Not applicable.

Item 6.     Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

None.


Item 7.

Material to Be Filed as Exhibits

Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct.

March ___, 2003

/s/ Jerry Herbst
Jerry Herbst


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