-----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, CExhkEEiT6XtqCzAWyGVosrlZfcZ5P1LnYvCvl5pSkjgQ67tLbMwu6IrUtK3v9ti G5WSXpaxgqf2VbkrwLfJZQ== 0000842325-97-000008.txt : 19970225 0000842325-97-000008.hdr.sgml : 19970225 ACCESSION NUMBER: 0000842325-97-000008 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970205 SROS: NASD GROUP MEMBERS: BLAIR D H & CO INC/NY/ GROUP MEMBERS: KENTON E. WOOD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERACTIVE FLIGHT TECHNOLOGIES INC CENTRAL INDEX KEY: 0000932021 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 113197148 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45749 FILM NUMBER: 97518416 BUSINESS ADDRESS: STREET 1: 4041 NORTH CENTRAL AVENUE STREET 2: SUITE 2000 CITY: PHOENIX STATE: AZ ZIP: 85012 BUSINESS PHONE: 6022008900 MAIL ADDRESS: STREET 1: 4041 N CENTRAL AVE STREET 2: STE 2000 CITY: PHOENIX STATE: AZ ZIP: 85012 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLAIR D H & CO INC/NY/ CENTRAL INDEX KEY: 0000842325 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 132797175 STATE OF INCORPORATION: NY FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 44 WALL ST CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2129682000 SC 13G/A 1 AMENDED SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._____1 *______)* Interactive Flight Technologies, Inc. ----------------------------------------------------- (Name of Issuer) Class A Common Stock, $.01 par value ------------------------------------------------------------- (Title of Class of Securities) 45838C106 ----------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing 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.) *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). * The previous filing, Schedule 13G, dated February 9, 1996, of which this is Amendment No. 1 thereto, was inadvertently marked as Amendment No. 2. CUSIP No. 45838C106 13G Page 2 of 7 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON D.H. Blair & Co., Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 543,600 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 0 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 543,600 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 543,600 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BD - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 45838C106 13G Page 3 of 7 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kenton E. Wood - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Great Britain - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 8,000 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 0 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 8,000 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 543,600 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 551,600 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 4 of 7 Pages Item 1. (a) Name of Issuer: Interactive Flight Technologies, Inc. (b) Address of Issuer's Principal Executive Offices: 3070 West Post Road Las Vegas, Nevada 89118 Item 2. (a) Name of Person Filing: This amended statement is filed jointly by D.H. Blair & Co., Inc. ("Blair") and Kenton E. Wood ("Wood") (together, the "Reporting Parties"). Mr. Wood is Chairman of Blair. See attached Exhibit A which is a copy of their agreement in writing to file this statement on behalf of each of them. (b) Address of Principal Business Office or, if None, Residence: Mr. Wood's and Blair's business address is 44 Wall Street, New York, NY 10005. (c) Citizen: Blair is incorporated in the State of New York, and Mr. Wood is a citizen of Great Britain. (d) Title of Class of Securities: Class A Common Stock, $.01 par value ("shares"). (e) CUSIP#: 45838C106 Item 3. (a) Blair is a broker-dealer registered under Section 15 of the Securities Exchange Act. Item 4. Ownership: (a)(b) As of December 31, 1996, Blair may be deemed to (i) beneficially own 543,600 shares or 3.2% of the Issuer's shares issued and outstanding. These shares are directly owned by Blair as market-maker in the Issuer's shares. (ii) As of December 31, 1996, Wood may be deemed to beneficially own the 543,600 shares held by Blair as market-maker reported above, and 8,000 shares underlying a Unit Purchase Option to purchase 2,000 Units at $6.00 per Unit until March 3, 2000, owned directly by him, for an aggregate of 551,600 shares or, 3.3% of the Issuer's shares. (c) Wood, as Chairman of the Board of Directors of Blair, shares voting and dispositive power over securities owned by Blair with its Board of Directors. He has sole voting and dispositive power over shares owned directly by him. Item 5. Ownership of Five Percent or Less of a Class:[X] The Reporting Parties have ceased to be beneficial owners of more than five percent of the Issuer's securities. Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not applicable. Item 8. Identification and Classification of Members of the Group: Not applicable. Page 5 of 7 pages Item 9. Notice of Dissolution of Group: Not applicable. Item 10. Certification: By signing below we certify that to the best of our knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as participant in any transaction having such purpose of effect. SIGNATURES After reasonable inquiry and to the best knowledge and belief of the Reporting Persons, each such person or entity certifies that the information set forth in this statement is true, complete and correct. /s/ Kenton E. Wood Dated: February 3, 1997 _______________________________ New York, New York Kenton E. Wood D.H. BLAIR & CO., INC. /s/ Alan Stahler Dated: February 3, 1997 By:________________________________ New York, New York Alan Stahler Vice Chairman Page 6 of 7 Pages EXHIBIT INDEX EXHIBIT A - Agreement by the Reporting Persons to file this Schedule 13G on behalf of each of them. EX-99 2 AGREEMENT Page 7 of 7 Pages EXHIBIT A AGREEMENT JOINT FILING OF SCHEDULE 13G The undersigned hereby agree to jointly prepare and file with regulatory authorities a Schedule 13G and any future amendments thereto reporting each of the undersigned's ownership of securities of Interactive Flight Technologies, Inc. and hereby affirm that such Schedule 13G is being filed on behalf of each of the undersigned. /s/ Kenton E. Wood Dated: February 3, 1997 _______________________________ New York, New York Kenton E. Wood D.H. BLAIR & CO., INC. /s/ Alan Stahler Dated: February 3, 1997 By:________________________________ New York, New York Alan Stahler Vice Chairman -----END PRIVACY-ENHANCED MESSAGE-----