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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
HEICO Corporation (formerly HEICO Industries Corp.)
------------------
(Name of Issuer)
COMMON STOCK
-----------------------------------------
(Title of Class of Securities)
422806 10 9
----------------
(CUSIP Number)
Victor H. Mendelson, Esq., 825 Brickell Bay Drive, #1643
Miami, Florida 33131
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 17, 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 the 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 remainder of this cover page shall be filled out for a reporting person's
initial 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).
Page 1 of 24 Pages
SCHEDULE 13D/A
- -------------------------------------- -----------------------------
CUSIP NO. 422806 10 9 PAGE 2 OF 24 PAGES
- -------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Laurans A. Mendelson
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 879,587
BENEFI- --------------------------------------------------------------
CIALLY 8 SHARED VOTING POWER
OWNED BY 98,860
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 879,587
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
98,860
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
978,447
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.06%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
SCHEDULE 13D/A
- -------------------------------------- -----------------------------
CUSIP NO. 422806 10 9 PAGE 3 OF 24 PAGES
- -------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Mendelson
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 164,187
BENEFI- --------------------------------------------------------------
CIALLY 8 SHARED VOTING POWER
OWNED BY 98,860
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 164,187
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
98,860
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
263,047
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.86%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
SCHEDULE 13D/A
- -------------------------------------- -----------------------------
CUSIP NO. 422806 10 9 PAGE 4 OF 24 PAGES
- -------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Victor H. Mendelson
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 161,423
BENEFI- --------------------------------------------------------------
CIALLY 8 SHARED VOTING POWER
OWNED BY 98,860
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 161,423
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
98,860
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,283
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.81%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
SCHEDULE 13D/A
- -------------------------------------- -----------------------------
CUSIP NO. 422806 10 9 PAGE 5 OF 24 PAGES
- -------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mendelson International Corporation
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 98,860
BENEFI- --------------------------------------------------------------
CIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 98,860
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,860
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.88%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
SCHEDULE 13D/A
- -------------------------------------- -----------------------------
CUSIP NO. 422806 10 9 PAGE 6 OF 24 PAGES
- -------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LAM Limited Partners
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
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
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 391,182
BENEFI- --------------------------------------------------------------
CIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 391,182
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
391,182
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.45%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
SCHEDULE 13D/A
- -------------------------------------- -----------------------------
CUSIP NO. 422806 10 9 PAGE 7 OF 24 PAGES
- -------------------------------------- -----------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Victor H. Mendelson Revocable Investment Trust
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
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
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 104,322
BENEFI- --------------------------------------------------------------
CIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 104,322
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
104,322
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.95%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
Item 1. SECURITY OF THE ISSUER.
This Statement relates to the Common Stock, par value $.01 per
share (the "Common Stock"), of HEICO Corporation (the "Company"). The address of
the principal executive office of the Company is 3000 Taft Street, Hollywood,
Florida 33021.
Item 2. IDENTITY AND BACKGROUND.
This Statement, which amends a filing on Schedule 13D filed on
behalf of Laurans A. Mendelson, Eric A. Mendelson, Victor H. Mendelson and
Mendelson International Corporation on January 10, 1995 which relates to a
filing on Schedule 13D on behalf of such parties on March 10, 1994 which relates
to a filing on Schedule 13D on behalf of such parties on May 6, 1993 is filed on
behalf of Laurans A. Mendelson, Eric A. Mendelson, Victor H. Mendelson,
Mendelson International Corporation ("MIC"), LAM Limited Partners ("LLP") and
the Victor H. Mendelson Revocable Investment Trust ("VHMRIT") (collectively, the
"Purchasers").
The following sets forth as to each Purchaser other than MIC,
LLP and VHMRIT: a) name; b) residence or business address; c) present principal
occupation or employment and the name, principal business and address of any
corporation or other organizations in which such employment is conducted; d)
whether or not, during the last five years, such Purchaser was convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors); e)
whether or not, during the last five years, such purchaser was a party to a
civil proceeding or a judicial or administrative body of competent jurisdiction
as a result of which such Purchaser was, or is, subject to a judgement, decree
or final order enjoining future violations of, prohibiting or mandating
activities subject to, federal or state securities laws or finding violations
with respect to such laws;
Page 8 of 24 Pages
and f) citizenship. The following also sets forth for MIC: a) name; b) state or
other place of incorporation; c) principal business address of its principal
office; and the information in clauses d) and e) above.
1. (a) Laurans A. Mendelson
(b) 825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(c) Chairman, President and Chief Executive Officer
HEICO Corporation
3000 Taft Street
Hollywood, Florida 33021;
Chairman and President
Ambassador Square, Inc.
825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(d) No.
(e) No.
(f) United States.
2. (a) Eric A. Mendelson
(b) 825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(c) Vice President
Page 9 of 24 Pages
HEICO Corporation
3000 Taft Street
Hollywood, Florida 33021;
Managing Director
Mendelson International Corporation.
825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(d) No.
(e) No.
(f) United States.
3. (a) Victor H. Mendelson
(b) 825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(c) Vice President and General Counsel
HEICO Corporation
3000 Taft Street
Hollywood, Florida 33021;
President
Mendelson International Corporation.
825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
Page 10 of 24 Pages
(d) No.
(e) No.
(f) United States.
4. (a) Mendelson International Corporation.
(b) Florida.
(c) MIC is engaged principally in the making of
investments. MIC executive offices are located at 825
Brickell Bay Drive, Suite 1643, Miami, Florida 33131.
5. (a) LLP
(b) Nevada.
(c) LLP is engaged principally in the making of
investments. LLP executive offices are located at
241 Ridge Street, Reno, Nevada 89505.
(d) No.
(e) No.
The sole General Partner of LLP is LAM Management,
Inc. ("LAMI"), a Nevada corporation engaged
principally in the making of investments. The address
of LAMI is 241 Ridge Street, Reno, Nevada 89505. The
following information is furnished with respect to
the Officers and Directors of LAMI under Sections (a)
- (f) of Item 2 of Schedule 13D:
(a) Laurans A. Mendelson.
(b) 825 Brickell Bay Drive, Suite 1643
Page 11 of 24 Pages
Miami, Florida 33131
(c) President and Director, LAMI
825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(d) No.
(e) No.
(f) United States.
(a) Arlene H. Mendelson
(b) 825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(c) Vice President and Director, LAMI
825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(d) No.
(e) No.
(f) United States.
(a) Judith Vetter
(b) 825 Brickell Bay Drive, Suite 1643
Miami, Florida 33131
(c) Secretary of LAMI
825 Brickell Bay Drive, Suite 1643
Page 12 of 24 Pages
Miami, Florida 33131
Assistant Secretary, HEICO Corporation
3000 Taft Street
Hollywood, Florida 33021
(d) No.
(e) No.
(f) United States.
6. (a) VHMRIT
(b) Florida
(c) VHMRIT is engaged principally in the making of
investments and its executive offices are located at
825 Brickell Bay Drive, Suite 1643, Miami, Florida
33131.
(d) No.
(e) No.
(f) United States.
Victor H. Mendelson is the Grantor, Trustee and
presently sole beneficiary of VHMRIT. Certain
relatives of Victor H. Mendelson are presently
unvested beneficiaries of VHMRIT.
Eric Mendelson and Victor Mendelson, both or whom are sons of
Laurans A. Mendelson, and Laurans A. Mendelson are the only directors of MIC.
Eric Mendelson and Victor Mendelson each own 50% of the outstanding capital
stock of MIC. By agreement, all actions taken
Page 13 of 24 Pages
by MIC must be authorized by the unanimous vote of Eric Mendelson and Victor
Mendelson. Victor Mendelson and Eric Mendelson may each be deemed control
persons of MIC.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS.
Certain Shares of Common Stock (including options to purchase
Shares), as more particularly set forth in Section C of item 5 hereof, were
acquired pursuant to Company employee compensation plans, Stock Options were
acquired through employee stock option grants under company management stock
option plans. No funds were expended by the Purchasers for acquisition of the
stock options, however, each Purchaser's employment and contributions to the
Company's success were consideration.
Certain Shares, as more particularly set forth in Section C of
item 5 hereof, were acquired at a price of $6.25 per share as company
contributions to each Purchaser's account (except MIC, LLP and VHMRIT) in the
HEICO Savings and Investment Plan ("HSIP"), the Company's 401 (K) plan. Most
company contributions to the HSIP resulted from a matching payment by the
purchasers from their cash compensation relating to their employment.
Certain Shares, as more particularly set forth in Section C of
item 5 hereof, were acquired in open market transactions effected on national
stock exchanges through the purchaser's personal funds.
The Shares acquired by LLP and VHMRIT were acquired
exclusively as a result of a transfer of such shares to such entities by Laurans
A. Mendelson, in the case of LLP, and Victor H. Mendelson, in the case of
VHMRIT.
Subject to availability of shares at prices deemed favorable
by the Purchasers, the
Page 14 of 24 Pages
Purchasers may acquire additional shares of Common Stock in the open market, in
privately negotiated transactions with third parties, or otherwise.
Depending on prevailing conditions and the Purchaser's
evaluation of the factors described above, the Purchasers also may determine to
sell, in the open market, in privately negotiated transactions with third
parties or otherwise, all or part of their shares of Common Stock depending on
the course of action that the Purchasers pursue with regard to their investments
generally and in the Company, the price of shares of Common Stock, market
conditions and other factors.
Item 4. The Purchasers acquired the shares in order to increase their
investment in and equity ownership of the Company.
Except as set forth above, the Purchasers have no present
plans or proposals which would result in, or are related to, any of the
transactions described in subparagraphs (a) through (j) of Item 4 under Schedule
13D.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the close of business on January 17, 1996, the
Purchasers own in the aggregate 1,304,058 shares of Common Stock, or
approximately 21.55% of the outstanding shares of Common Stock based upon
5,253,833 shares (inclusive of 796,458 shares which are issuable upon exercise
of Company stock options) outstanding as of August 31, 1996, based upon the
Company's most recent quarterly report filed with the Securities and Exchange
Commissions (adjusted for a 10% stock dividend paid on January 17, 1996). As of
the close of business on January 17, 1996, Laurans A. Mendelson had sole direct
beneficial ownership of 488,405 shares of Common Stock
Page 15 of 24 Pages
(8.52%), Eric A. Mendelson had sole direct beneficial ownership of 164,187
shares of Common Stock (3.03%), Victor H. Mendelson had sole direct beneficial
ownership of 57,101 shares of Common Stock (1.08%), MIC had sole direct
beneficial ownership of 98,860 shares of Common Stock (1.88%), LLP had sole
direct beneficial ownership of 391,182 shares of Common Stock (7.45%) and VHMRIT
had sole direct beneficial ownership of 104,322 shares of Common Stock (1.95%).
By virtue of Eric Mendelson's and Victor Mendelson's ownership of all of the
capital stock of MIC and their positions as officers of MIC, each may be deemed
to beneficially own the 98,860 shares of Common Stock of which MIC possesses
beneficial ownership. By virtue of his position as Chairman of the Board of
Directors of MIC, Laurans A. Mendelson may also deemed to beneficially own the
98,860 shares of Common Stock of which MIC possesses beneficial ownership.
Laurans A. Mendelson disclaims any beneficial ownership of such shares of Common
Stock. By virtue of his position of President and Controlling Shareholder of
LAMI, Mr. Mendelson may also be deemed the beneficial owner of the 391,182
shares of Common Stock of which LLP possesses beneficial ownership. If such
98,860 shares owned by MIC and such 391,182 shares owned by LLP were included in
the amount of shares directly owned by Laurans A. Mendelson, he may be deemed to
beneficially own an aggregate of 978,447 shares (inclusive of 480,069 shares
which are issuable upon exercise of employee stock options pursuant to Company
stock option plans) of Common Stock (17.06%). By virtue of Victor Mendelson's
position as Trustee of VHMRIT, he may also be deemed to be the beneficial owner
of VHMRIT's shares of Common Stock. If such shares were included in the shares
directly owned by Victor Mendelson, he may deemed to beneficially own 260,083
shares of Common Stock (4.81%), including MIC's ownership.
Page 16 of 24 Pages
(c) See Exhibit "A" attached hereto.
(d) Not applicable.
(e) Not applicable.
Page 17 of 24 Pages
SIGNATURE
After reasonable inquire and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 20, 1997
/s/ Laurans A. Mendelson
------------------------
Laurans A. Mendelson
Page 18 of 24 Pages
SIGNATURE
After reasonable inquire and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 20, 1997
/s/ Eric A. Mendelson
-----------------------
Eric A. Mendelson
Page 19 of 24 Pages
SIGNATURE
After reasonable inquire and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 20, 1997
/s/ Victor H. Mendelson
-----------------------
Victor H. Mendelson
Page 20 of 24 Pages
SIGNATURE
After reasonable inquire and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 20, 1997
/s/ Victor H. Mendelson
------------------------------------
Mendelson International Corporation
By: Victor H. Mendelson, President
Page 21 of 24 Pages
SIGNATURE
After reasonable inquire and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 20, 1997
LAM Limited Partners, a Nevada
limited partnership,
BY: LAM Management, Inc., a
Nevada corporation
BY: /s/ Laurans A. Mendelson
----------------------------
Laurans A. Mendelson
President
Page 22 of 24 Pages
SIGNATURE
After reasonable inquire and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 20, 1997
Victor H. Mendelson Revocable Investment Trust
BY: /s/ Victor H. Mendelson
-------------------------------------
Victor H. Mendelson, Trustee
Page 23 of 24 Pages
Exhibit "A"
HEICO CORPORATION COMMON STOCK TRANSACTIONS EFFECTED BY MENDELSON REPORTING
GROUP.
LAURANS A. MENDELSON
12/30/96 Open Market Purchase 330 $23.23
Various (1) 401(K) Stock Purchase/Allocation 2,011 $6.26
12/30/96 Transfer to LPP 391,182
ERIC A. MENDELSON
12/13/96 Option to Purchase shares of Common Stock** 16,500 $18.98
12/13/96 Option to Purchase shares of Common Stock** 16,500 $19.09
12/30/96 Open Market Purchase 330 $23.23
Various (1) 401(K) Stock Purchase/Allocation 1,777 $6.26
VICTOR A. MENDELSON
12/13/96 Option to Purchase shares of Common Stock** 16,500 $18.98
12/13/96 Option to Purchase shares of Common Stock** 16,500 $19.09
12/30/96 Open Market Purchase 330 $23.23
Various (1) 401(K) Stock Purchase/Allocation 1,700 $6.26
1/20/97 Transfer to VHMRIT 104,322
LLP
12/30/96 Transfer from Laurans A. Mendelson 391,182
VHMRIT
1/20/97 Transfer from Victor H. Mendelson 104,322
NOTES
* All share amounts and prices are adjusted to reflect all stock dividends
& splits paid in 1995, 1996 & January, 1997.
** Options to Purchase Common Stock issued pursuant to Company Stock Option
Plans.
(1) Shares allocated to purchaser's account pursuant to HEICO Savings and
Investment Plan (401(K)) in accordance with plan policies on 12/31/94,
3/31/95, 6/30/95, 9/30,95, 12/31/95, 3/31/96, 6/30/96 & 9/30/96. Number of
shares allocated in December, 1996 unavailable as of 1/20/97, but such
amounts are believed less than 1/2 of 1% of Company shares outstanding.
Page 24 of 24 Pages