-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, GpsbtC6ohL5bZUcgAhNVp+Hq4TzvSfh3Uw1Q/T/rZ8MiXmtb8HGKy8DspEY7WTlX NQNd8J8R03tu2DKKGIBR4Q== 0000950131-95-000993.txt : 19950427 0000950131-95-000993.hdr.sgml : 19950427 ACCESSION NUMBER: 0000950131-95-000993 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950426 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RESOURCE RECYCLING TECHNOLOGIES INC CENTRAL INDEX KEY: 0000051519 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISC DURABLE GOODS [5090] IRS NUMBER: 161352980 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31651 FILM NUMBER: 95531129 BUSINESS ADDRESS: STREET 1: 300 PLAZA DR CITY: VESTAL STATE: NY ZIP: 13850 BUSINESS PHONE: 6077987137 MAIL ADDRESS: STREET 1: 300 PLAZA DRIVE CITY: VESTAL STATE: NY ZIP: 13850 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE RECOVERY TECHNOLOGIES INC DATE OF NAME CHANGE: 19881205 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL SEAWAY TRADING CORP DATE OF NAME CHANGE: 19880609 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DWYER ANDREW T CENTRAL INDEX KEY: 0000923594 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O AIRLIE GROUP STREET 2: 115 E PUTNAM STREET CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036616227 MAIL ADDRESS: STREET 1: C/O AIRLIE GROUP STREET 2: 115 E PUTNAM STREET CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 SCHEDULE 13D-AMENDMENT NO. 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4 )* ------ RESOURCE RECYCLING TECHNOLOGIES, INC. ------------------------------------------------------------------------- (Name of Issuer) Common Stock, $1.00 par value ------------------------------------------------------------------------- (Title of Class of Securities) 760930-10-7 --------------------------------------------- (CUSIP Number) Andrew T. Dwyer 532 Cantitoe Road Bedford, New York 10506 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 21, 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 [ ]. (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. 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). SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 760930-10-7 PAGE 2 OF 14 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Andrew T. Dwyer S.S. No. ###-##-#### - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 80,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 -0- OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 80,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 80,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN 12 SHARES* [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 760930-10-7 PAGE 3 OF 14 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cynthia K. Dwyer S.S. No. ###-##-#### - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 -0- OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 -0- - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN 12 SHARES* [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 -0- - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 760930-10-7 PAGE 4 OF 14 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Nancy T. Dwyer, by Nancy Barrett, C/F Nancy T. Dwyer U/G/M/A NY S.S. No. ###-##-#### - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY -0- ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 -0- - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 -0- - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 760930-10-7 PAGE 5 OF 14 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Elizabeth K. Dwyer, by Nancy Barrett, C/F Elizabeth K. Dwyer U/G/M/A NY S.S. No. 1779-68-8270 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY -0- ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 -0- - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 -0- - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 760930-10-7 PAGE 6 OF 14 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Andrew K. Dwyer, by Nancy Barrett, C/F Andrew K. Dwyer U/G/M/A NY S.S. No. ###-##-#### - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 5 TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY -0- ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 -0- - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 -0- - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 -0- - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. AMENDMENT NO. 4 to SCHEDULE 13D CUSIP NO. 760930-10-7 Page 7 of 14 Pages ITEM 1. SECURITY AND ISSUER This statement relates to the Common Stock, $1.00 par value, of Resource Recycling Technologies, Inc. The name and address of the principal executive offices of the Issuer are: Resource Recycling Technologies, Inc. 300 Plaza Drive Vestal, New York 13850 ITEM 2. IDENTITY AND BACKGROUND There are no changes in the response to this Item from the Schedule 13D filed on March 2, 1994. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION This Amendment No. 4 to Schedule 13D reports the sale by Andrew T. Dwyer, a family trust of which Mr. Dwyer is a trustee and a beneficiary, Cynthia K. Dwyer, Nancy T. Dwyer, Elizabeth K. Dwyer, and Andrew K. Dwyer, of all shares of the Issuer's Common Stock owned by them (an aggregate of 187,700 shares), and also reports the vesting of non-qualified stock options to purchase 40,000 shares of the Issuer's Common Stock previously granted to Andrew T. Dwyer. On April 21, 1995, as a result of a change of control of the Issuer, non-qualified stock options previously granted to Andrew T. Dwyer to purchase 40,000 shares of the Issuer's Common Stock became exercisable by Mr. Dwyer and his beneficial ownership of such shares is reported herein pursuant to Rule 13d-3(d)(1)(i). As a result of the vesting of options reported herein, Mr. Dwyer will hold options to purchase an aggregate of 80,000 shares of the Issuer's Common Stock, all of which are fully exercisable on April 21, 1995, at exercise prices ranging from $3.45 to $5.25 per share. The aggregate exercise price to be paid if options to purchase all 80,000 shares are exercised is $346,000. The total amount of funds to be used to make the purchase of shares upon the exercise of the options, if such options are exercised, will be obtained from personal funds of the reporting person. ITEM 4. PURPOSE OF TRANSACTION This Amendment No. 4 reports the sale of shares and the vesting of stock options. Otherwise, there are no changes in the response to this Item from the Schedule 13D filed on March 2, 1994. AMENDMENT NO. 4 to SCHEDULE 13D CUSIP NO. 760930-10-7 Page 8 of 14 Pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of the close of business on April 21, 1995, Andrew T. Dwyer, by virtue Rule 13(d)(1)(i), may be deemed to own beneficially an aggregate of 80,000 shares of the Issuer's Common Stock, all of which shares are issuable upon the exercise of stock options granted to Mr. Dwyer that are exercisable on such date. Assuming the exercise of all such stock options, Mr. Dwyer would beneficially own 2.9% of the Issuer's Common Stock. Cynthia K. Dwyer may be deemed to own beneficially the shares owned by Andrew T. Dwyer, Mrs. Dwyer's husband. Mrs. Dwyer disclaims beneficial ownership of such shares. As of the close of business on April 21, 1995, Cynthia K. Dwyer does not own any other shares of the Issuer's Common Stock. As of the close of business on April 21, 1995, Nancy T. Dwyer, Elizabeth K. Dwyer and Andrew K. Dwyer no longer beneficially own any shares of the Issuer's Common Stock. (c) On April 21, 1995, pursuant to a cash tender offer to purchase all shares of the Issuer's Common Stock that was commenced on March 23, 1995, WMI Acquisition Sub, Inc. ("WMI Acquisition"), a wholly owned subsidiary of Waste Management, Inc., purchased an aggregate of 187,700 shares (the "Dwyer Shares") of the Issuer's Common Stock from Andrew T. Dwyer, a family trust of which Mr. Dwyer is a trustee and a beneficiary, Cynthia K. Dwyer, Nancy T. Dwyer, Elizabeth K. Dwyer and Andrew K. Dwyer, for a cash purchase price of $11.50 per share. The shares of the Issuer's Common Stock sold by the reporting persons hereunder were sold in accordance with the terms of a Stock Tender Agreement dated as of March 17, 1995, among WMI, WMI Acquisition and Andrew T. Dwyer (the "Tender Agreement"), which Tender Agreement was reported in Amendment No. 3 to Schedule 13D, filed on March 22, 1995. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The tender offer by WMI Acquisition pursuant to which the Dwyer Shares were sold to WMI Acquisition was made in accordance with the terms and conditions of an Agreement and Plan of Merger dated as of March 17, 1995 (the "Merger Agreement") among the Issuer, WMI and WMI Acquisition. Pursuant to the Merger Agreement, at the time of the Merger, Mr. Dwyer, along with all other holders of outstanding stock options to purchase shares of the Issuer's Common Stock, will be entitled to receive a cash AMENDMENT NO. 4 to SCHEDULE 13D CUSIP NO. 760930-10-7 Page 9 of 14 Pages payment from the Issuer in an amount equal to the excess of the per share price paid to holders of the Issuer's Common Stock pursuant to the Merger ($11.50 per share) over the per share exercise price of the stock options, times the number of shares of the Issuer's Common Stock to be issued upon the exercise of such stock options, in full settlement of the stock options. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit A: Stock Tender Agreement, dated as of March 17, 1995, among Waste Management, Inc., WMI Acquisition Sub, Inc., and Andrew T. Dwyer, incorporated by reference from Amendment No. 3 to Schedule 13D filed on March 22, 1995. AMENDMENT NO. 4 to SCHEDULE 13D CUSIP NO. 760930-10-7 Page 10 of 14 Pages 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. Date: April 21, 1995 /S/ ANDREW T. DWYER --------------------------------- ANDREW T. DWYER AMENDMENT NO. 4 TO SCHEDULE 13D CUSIP NO. 760930-10-7 PAGE 11 OF 14 PAGES 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. Date: April 21, 1995 /S/ CYNTHIA K. DWYER ------------------------------ CYNTHIA K. DWYER AMENDMENT NO. 4 TO SCHEDULE 13D CUSIP NO. 760930-10-7 PAGE 12 OF 14 PAGES 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. Date: April 21, 1995 /S/ NANCY BARRETT, C/F NANCY T. DWYER ------------------------------------- NANCY BARRETT, C/F NANCY T. DWYER U/G/M/A NY AMENDMENT NO. 4 TO SCHEDULE 13D CUSIP NO. 760930-10-7 PAGE 13 OF 14 PAGES 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. Date: April 21, 1995 /S/ NANCY BARRETT, C/F ELIZABETH K. DWYER --------------------------------------------- NANCY BARRETT, C/F ELIZABETH K. DWYER U/G/M/A NY AMENDMENT NO. 4 TO SCHEDULE 13D CUSIP NO. 760930-10-7 PAGE 14 OF 14 PAGES 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. Date: April 21, 1995 /S/ NANCY BARRETT, C/F ANDREW K. DWYER -------------------------------------- NANCY BARRETT, C/F ANDREW K. DWYER U/G/M/A NY -----END PRIVACY-ENHANCED MESSAGE-----