-----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, FQuQq4BPL6zB/10BODyQvUN3ZcyY399NOyDnJlxyFzc5oJ++gb285J2UOqXh0BVv ZmkkIsScCOlUVu1n1NejsQ== 0001046381-99-000015.txt : 20020715 0001046381-99-000015.hdr.sgml : 19990610 ACCESSION NUMBER: 0001046381-99-000015 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990609 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: 99642953 BUSINESS ADDRESS: STREET 1: 4041 NORTH CENTRAL AVENUE STREET 2: SUITE B 200 CITY: PHOENIX STATE: AZ ZIP: 85012 BUSINESS PHONE: 6022008900 MAIL ADDRESS: STREET 1: 4041 N CENTRAL AVE STREET 2: STE B 200 CITY: PHOENIX STATE: AZ ZIP: 85012 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RENOV RUKI CENTRAL INDEX KEY: 0001046381 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 172 BROADWAY CITY: LAWRENCE STATE: NY ZIP: 11559 MAIL ADDRESS: STREET 1: 172 BROADWAY CITY: LAWRENCE STATE: NY ZIP: 11559 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) May 31, 1999 ---------------------------------------------------- (Date of Event) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [XX] 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 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). CUSIP No. 45838C106 13G/A Page 2 of 4 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ruki Renov - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 129,899 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 213,799 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 129,899 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 213,799 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 343,698 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.2% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 3 of 4 Pages Item 1. (a) Name of Issuer: Interactive Flight Technologies, Inc. (b) Address of Issuer's Principal Executive Offices: 4041 North Central, Suite B200 Phoenix, AZ 85012 Item 2. (a) Name of Person Filing: Ruki Renov (b) Address of Principal Business Office: Ruki Renov's address is 172 Broadway, Lawrence, NY 11559 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $.01 par value ("shares") (e) CUSIP Number: 45838C106 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act of 1940 (e) [ ] An investment adviser in accordance with 240.13d-1 (b)(1)(ii)(E) (f) [ ] An employee benefit Plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F) (g) [ ] A parent holding Company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (i) [ ] A church plan that is excluded from definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940. Page 4 of 4 Pages Item 4. Ownership. (a) (b) Mrs. Renov may be deemed to beneficially own 343,698 shares or 6.2% of the Issuer's shares as follows:(i) 86,333 shares underlying a Unit Purchase Option ("UPO") to purchase 21,583 Units(1) consisting of 21,583 shares and 64,750 shares underlying 21,583 Class A Warrants and 43,166 Class B Warrants owned directly by Mrs. Renov, (ii) 9,000 shares owned by Mrs. Renov, (iii) 37,333 shares underlying a UPO owned by D.H. Blair & Co., Inc. ("Blair") (2), (iv) 167,133 shares owned by Blair (2), (v) 34,566 shares owned by a family limited partnership controlled by Mrs. Renov and (vi) 9,333 shares owned by Mr. Renov (3). (c) Ruki Renov has sole voting and dispositive control of shares owned by her. Mr.Renov shares voting and dispositive power over shares owned by Blair. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. 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. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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: June 7, 1999 /s/ Ruki Renov New York, New York ______________________ Ruki Renov ______________________________________________________________________________ (1) Each Unit ("Unit") consists of one share and one Class A Common Stock Purchase Warrant ("Class A Warrant") and one Class B Common Stock Purchase Warrant ("Class B Warrant"). Each Class A Warrant entitles the holder to purchase one share and one Class B Warrant at an exercise price of $21.00 per share exercisable prior to March 7, 2,000. Each Class B Warrant entitles the holder to purchase one share at an exercise price of $29.25 prior to March 7, 2,000. These numbers reflect the three for one reverse split. (2) Mr. and Mrs. Renov, collectively, are principal shareholders of Blair. (3) The filing of this statement shall not be deemed an admission by Mrs. Renov that she beneficially owns the securities attributed to her husband for any purpose. Mrs. Renov expressly disclaims beneficial ownership of all securities owned beneficially by him. -----END PRIVACY-ENHANCED MESSAGE-----