-----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, RsdaPGWPw/KzQJa5M1z9sANIaYfZleExOtU0hqR4aiLCIk5ahVNHsZ0jtQA+CO1S ZX+8yR+JDldNxzcuGV37SQ== 0001052783-98-000001.txt : 19980113 0001052783-98-000001.hdr.sgml : 19980113 ACCESSION NUMBER: 0001052783-98-000001 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980112 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KILLEARN PROPERTIES INC CENTRAL INDEX KEY: 0000055742 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 591095497 STATE OF INCORPORATION: FL FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-19545 FILM NUMBER: 98504656 BUSINESS ADDRESS: STREET 1: 100 EAGLES LANDING WAY CITY: STOCKBRIDGE STATE: GA ZIP: 30281 BUSINESS PHONE: 4043892020 MAIL ADDRESS: STREET 1: 100 EAGLES LANDING WAY CITY: STOCKBRIDGE STATE: GA ZIP: 30281 FORMER COMPANY: FORMER CONFORMED NAME: KILLEARN ESTATES INC DATE OF NAME CHANGE: 19730911 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SANDERS WILLIAM REID CENTRAL INDEX KEY: 0001052783 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6075 POPLAR AVENUE STE 900 CITY: MEMPHIS STATE: TN ZIP: 38119 BUSINESS PHONE: 9017612474 MAIL ADDRESS: STREET 1: 6075 POPLAR AVENUE STE 900 STREET 2: STE 301 CITY: MEMPHIS STATE: TN ZIP: 38119 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D AMENDMENT NO. 1 Under the Securities Exchange Act of 1934 Killearn Properties, Inc. ------------------------------------------ (Name of Issuer) Common Stock ------------------------------------------- (Title of Class and Securities) 494125107 -------------------------------------------- (CUSIP Number of Class of Securities) O. Mason Hawkins William Reid Sanders c/o Southeastern Asset Management, Inc. 6075 Poplar Avenue; Suite 900 Memphis, TN 38119 (901) 761-2474 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 24, 1997 ---------------------------- (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 Statement and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box: [ ] CUSIP No. 494125107 13D - ------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS O. Mason Hawkins S.S. No. ###-##-#### - ------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X - ------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------- (4) SOURCE OF FUNDS PF - ------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of United States - ------------------------------------------------------------------- :(7) SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY : 41,500 OWNED BY EACH REPORTING PERSON -------------------------------- WITH :(8) SHARED VOTING POWER : 40,500 -------------------------------- :(9) SOLE DISPOSITIVE POWER : 41,500 -------------------------------- :(10) SHARED DISPOSITIVE POWER : 40,500 - ------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,000 - ------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES - ------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 9.3 % - ------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------- CUSIP No. 494125107 13D - ------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS William Reid Sanders S.S. No. ###-##-#### - ------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X - ------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------- (4) SOURCE OF FUNDS PF - ------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of United States - ------------------------------------------------------------------- :(7) SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY : 50,000 OWNED BY EACH REPORTING PERSON -------------------------------- WITH :(8) SHARED VOTING POWER : None -------------------------------- :(9) SOLE DISPOSITIVE POWER : 50,000 -------------------------------- :(10) SHARED DISPOSITIVE POWER : None - ------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,000 - ------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES - ------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.6 % - ------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------- Purpose of Amendment No. 1 This Amendment No. 1 to Schedule 13D relating to the common stock (the "Securities") of Killearn Properties, Inc. (the "Issuer") attributable to the filing parties is being made to amend and restate the information contained in the original filing on Schedule 13D with respect to ITEMS 2, 5, and 6. ITEM 2. The address of Southeastern Asset Management, Inc., ("Southeastern"), the employer of Messrs. Hawkins and Sanders, is now 6075 Poplar Ave., Suite 900, Memphis, TN 38119. Mr. O. Mason Hawkins is a Director and is Chairman of the Board and Chief Executive Officer of Southeastern. ITEM 5. The number of shares of the Securities of the Issuer presently outstanding have declined from the number outstanding at the time of the original filing on Schedule 13D, thereby increasing the ownership percentages of the filing parties as originally reported, with the new percentages being as follows: (a) and (b) (i). Mr. O. Mason Hawkins and his wife, Mrs. Ann B. Hawkins: 40,500 shares, or approximately 4.6% of the shares outstanding. (a) and (b) (ii). Mr. O. Mason Hawkins, individually: 41,500 shares, or approximately 4.7% of the shares outstanding. (a) and (b) (ii). Mr. William Reid Sanders: 50,000 shares, or approximately 5.6% of the shares outstanding. ITEM 6. The filing parties separately but not jointly have each entered into a put and call agreement with Proactive Technologies, Inc. ("Proactive") which allows Proactive to purchase or each of the filing parties separately to put to Proactive the Securities held by each filing party, in the aggregate amounting to 132,000 shares of common stock of the Issuer or approximately 14.9% of the outstanding Securities, at a price of $9.50 per share, such separate agreements expiring on June 24, 1998. SIGNATURES 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: January 5, 1998 O. MASON HAWKINS WILLIAM REID SANDERS /s/ O. Mason Hawkins /s/ William Reid Sanders - -------------------------- --------------------------- Joint Filing Agreement In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Schedule 13D with respect to the Common Stock of Killearn Properties, Inc., and further agree that this joint filing agreement be included in this filing. In evidence thereof, the undersigned hereby execute this Agreement on the 5th day of January, 1998 O. MASON HAWKINS WILLIAM REID SANDERS /s/ O. Mason Hawkins /s/ William Reid Sanders - -------------------------- --------------------------- -----END PRIVACY-ENHANCED MESSAGE-----