-----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, OnEJ6Oe1g6gN2TS6gJds3Csb+ZEPnGIr8qQUTraWSU3R2RGJK/TIEDHjibYlG5cS SkLiIluME2jzUtE7GVVAOg== 0001036848-00-000003.txt : 20000228 0001036848-00-000003.hdr.sgml : 20000228 ACCESSION NUMBER: 0001036848-00-000003 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000225 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AEROCENTURY CORP CENTRAL INDEX KEY: 0001036848 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 943263974 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-52409 FILM NUMBER: 552797 BUSINESS ADDRESS: STREET 1: 1440 CHAPIN AVE STE 310 CITY: BURLINGAME STATE: CA ZIP: 94010 BUSINESS PHONE: 6503401888 MAIL ADDRESS: STREET 1: 1440 CHAPIN AVENUE SUITE 310 CITY: BURLINGAME STATE: CA ZIP: 94010 FORMER COMPANY: FORMER CONFORMED NAME: AEROMAX INC DATE OF NAME CHANGE: 19970331 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JETFLEET MANAGEMENT CORP CENTRAL INDEX KEY: 0000920399 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943195342 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1440 CHAPINAVE STE 310 CITY: BURLINGAME STATE: CA ZIP: 94010 BUSINESS PHONE: 6506963900 MAIL ADDRESS: STREET 1: 1440 CHAPIN AVENUE STREET 2: SUITE 310 CITY: BURLINGAME STATE: CA ZIP: 94010 SC 13D/A 1 AMENDMENT NO. 3 TO 13-D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 3) AeroCentury Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 007737 (CUSIP Number) JetFleet Holding Corp. Neal D. Crispin, President 1440 Chapin Avenue Suite 310 Burlingame, California 94010 650-696-3900 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 18, 2000 (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 [ ]. 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). - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JetFleet Holding Corp. 94-3195342 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of California - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 199,267 SHARES SHARES ------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 shares of Common Stock ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 199,267 SHARES PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH 0 shares of Common Stock - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 199,267 shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION. ITEM 1. SECURITY AND ISSUER The class of equity securities to which this statement relates is the Common Stock, $0.001 par value ("Common Stock"), of AeroCentury Corp. ("ACY"), a Delaware corporation, whose principal executive offices are located at 1440 Chapin Avenue, Suite 310, Burlingame, California 94010. ITEM 2. IDENTITY AND BACKGROUND This statement is filed on behalf of JetFleet Holding Corp. ("JHC")(formerly JetFleet Management Corp.), which is a corporation organized under the laws of the State of California. It conducts its principal business operations in Burlingame, California. JHC is the parent company of the corporation (newly named "JetFleet Management Corp.") that provides management services to the issuer pursuant to a management agreement. During the last five years, JHC has not been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which either of them 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION JHC owns, directly and indirectly, 199,267 shares of Common Stock of ACY, of which 150,000 were purchased by JHC at the founding of ACY. In 1999, pursuant to a stock option incentive plan between JHC and its employees, two employees exercised options to purchase an aggregate of 2,833 shares of ACY common stock held by JHC. JMC, a subsidiary of JHC, purchased the following number of shares on the open market on the dates listed below: 1/28/00 25,000 1/31/00 2,600 2/1/00 1,000 2/2/00 1,000 2/3/00 1,100 2/4/00 500 2/7/00 800 2/8/00 2,100 2/9/00 1,500 2/10/00 6,000 2/11/00 10,000 2/18/00 500 The source of JHC's and JMC 's consideration was working capital. Neither JHC nor JMC purchased any of the Common Stock with borrowed funds. ITEM 4. PURPOSE OF TRANSACTION The shares beneficially owned by JHC were acquired for purposes of investment and not for the purpose of changing the control of ACY. JHC has no plans that relate to or would result in: (a) the acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer; provided, however, that they reserve the right to acquire additional securities of the issuer or dispose of securities of the issuer from time to time; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the issuer; (f) any other material change in the issuer's business or corporate structure; (g) changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; (h) causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above. ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER. JHC will have sole voting power and sole dispositive power over the Common Stock it directly and indirectly holds. JHC has not been a party to any transaction in the Common Stock other than that disclosed in this report. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. JHC granted certain of its employees options to purchase 43,500 shares of ACY common stock held by JHC under the JHC 1997-ACY Equity Incentive Plan adopted on April 1, 1997 (the "Plan") ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 -- JMC 1997 - ACY Equity Incentive Plan [Previously filed]. 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. JETFLEET HOLDING COPR. /s/ ----------------------------------- BY: Neal D. Crispin, President Dated: February 24, 2000 -----END PRIVACY-ENHANCED MESSAGE-----