SC 13G/A 1 pdm218a.txt SCHEDULE 13G, AMENDMENT 3 ----------------------------------- OMB APPROVAL ----------------------------------- OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden Hours per response . . . . . .14.9 ----------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3) AVALON HOLDINGS CORPORATION -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 05343P109 ---------------------------------------------------- (CUSIP Number) December 31, 2001 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] 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 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). (Continued on following page(s)) Page 1 of 3 Pages ----------------------------- CUSIP No. 05343P109 ----------------------------- ================================================================================ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Keeley Asset Management Corp.; Tax I.D. No.: 36-3160361 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[ ] (b)[ ] N/A -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 234,400 ------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER REPORTING 234,400 ------------------------------------------------------------ PERSON 8 SHARED DISPOSITIVE POWER WITH -0- -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 234,400 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] N/A -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.4%* -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA ================================================================================ -------------------- * Based on an aggregate of 3,185,240 shares outstanding as of November 6, 2001. Page 2 of 3 Pages ----------------------------- CUSIP No. 05343P109 ----------------------------- This Amendment No. 3 to the undersigned's Schedule 13G, which was originally filed on September 27, 1999 (the "Schedule 13G") with regard to Avalon Holdings Corporation (the "Issuer") is being filed to amend Item 4 of the Schedule 13G. Except as expressly stated herein, there have been no material changes in the information set forth in the Schedule 13G. Item 4. Ownership ------ --------- Keeley Asset Management Corp. ----------------------------- (a) Amount Beneficially Owned: 234,400 (b) Percent of Class: 7.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 234,400 (ii) shared power to vote or to direct the vote: -0- (iii) sole power to dispose or to direct the disposition of: 234,400 (iv) shared power to dispose or to direct the disposition of: -0- 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. Dated this 29th day of January, 2002. KEELEY ASSET MANAGEMENT CORP. /s/ John L. Keeley, Jr. ----------------------------------------- John L. Keeley, Jr., President Page 3 of 3 Pages