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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.______)*
Heico Corporation
------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
------------------------------------------------
(Title of Class of Securities)
422806109
------------------------------------------------
(CUSIP Number)
Rene Plessner Ivan W. Dreyer, Esq.
Rene Plessner Associates, Inc. Baer Marks & Upham LLP
375 Park Avenue 805 Third Avenue
New York, New York 10152 New York, New York 10022
(212) 421-3490 (212) 702-5751
(Name, Address and Telephone Number of Persons Authorized
to Receive Notices and Communications)
January 9, 1997
------------------------------------------------------------
(Date of Events 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 |_|.
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 filing 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 15 Pages
SCHEDULE 13D
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CUSIP No. 422806109 Page 2 of 15 Pages
- ------------------------------- ----------------------------
================================================================================
1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Rene Plessner
- --------------------------------------------------------------------------------
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 279,979
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER 0
EACH
REPORTING ---------------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER 279,979
---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
279,979
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
================================================================================
SEE INSTRUCTIONS BEFORE FILLING OUT
SCHEDULE 13D
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CUSIP No. 422806109 Page 3 of 15 Pages
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================================================================================
1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Rene Plessner as trustee for the Rene Plessner Associates, Inc. Profit
Sharing Plan
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION New York
- --------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 168,088
SHARES
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER 0
EACH
REPORTING ---------------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER 168,088
---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
168,088
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
================================================================================
SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 422806109 Page 4 of 15 Pages
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Item 1. Security and Issuer
The class of equity securities to which this Statement on Schedule 13D
("Statement") relates is the Common Stock, $.01 par value per share (the
"Stock"), of Heico Corporation (the "Issuer"). The principal executive offices
of the Issuer are located at 3000 Taft Street, Hollywood, Florida 33021.
Item 2. Identity and Background
(a) This Statement is being jointly filed by each of the following persons
pursuant to Rule 13d-(1)(f) under the Securities Exchange Act of 1934, as
amended (the "Act"): (i) Rene Plessner, an individual ("Plessner") and (ii) Rene
Plessner as trustee for the Rene Plessner Associates, Inc. Profit Sharing Plan
("Plessner Plan"). Plessner and the Plessner Plan are collectively referred to
herein as the "Reporting Persons."
The Reporting Persons may be deemed to constitute a "group" for purposes of
Section 13(d)(3) of the Act. The Reporting Persons expressly disclaim that they
have agreed to act as a group other than as described in this Statement.
(b) The address of the principal business and principal office of each
Reporting Person is 375 Park Avenue, New York, New York 10152.
(c) The Plessner Plan is a trust organized to administer the employee
profit sharing plan of Rene Plessner Associates, Inc., an executive search
company. The Plessner Plan is administered by Plessner as sole trustee.
(d) During the last five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Reporting Persons was a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which any such person was or is subject to a
judgement, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violations with respect to such laws.
(f) Plessner is a citizen of the United States and the Plessner Plan is a
Trust organized under the laws of the State of New York.
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CUSIP No. 422806109 Page 5 of 15 Pages
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Item 3. Source and Amount of Funds or Other Consideration
The consideration used for the Stock acquisitions by Plessner was obtained
from personal funds of Plessner. The funds for the Stock acquisitions by the
Plessner Plan were provided by monies invested by or contributed on behalf of
employee participants in the Plessner Plan.
Item 4. Purpose of Transaction
The purpose of the acquisitions was for investment in the ordinary course.
Pursuant to Rule 13d-1, no schedule 13D was required to be filed in respect of
the Stock prior to the date hereof. The Reporting Persons reserve the right at
any time and from time to time, depending on market or other factors, to acquire
additional shares of Stock or other securities of the Issuer, to dispose of all
or any portion of the Stock or other securities of the Issuer now or hereafter
held by them and to take any other action with respect to the Issuer or its
securities permitted by law.
Except as set forth in this Item 4, none of Plessner and the Plessner Plan
has any plans or proposals which relate to or would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) Plessner holds 111,891 shares of Stock directly, constituting 2.1%
of the class. The Plessner Plan holds 168,088 shares of Stock, constituting 3.2%
of the class. Plessner, as a sole trustee of the Plessner Plan, may be deemed to
beneficially own an aggregate of 279,979 shares of Stock, constituting 5.3% of
the class.
The stated percentages are based on 5,253,833 shares of Stock
outstanding as of January 9, 1997.
(b) Plessner has the sole power to vote or direct the vote and sole
power to dispose or to direct the disposition of the securities of which he is
the beneficial owner. The Plessner Plan has the sole power to vote or direct the
vote and sole power to dispose or to direct the disposition of the securities of
which it is the beneficial owner, which power is exercised through Plessner, as
sole trustee.
(c) A schedule of each transaction in the Stock by the Reporting
Persons during the past 60 days is attached as Exhibit B.
(d) Not applicable.
(e) Not applicable.
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CUSIP No. 422806109 Page 6 of 15 Pages
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Item 6. Contract, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Other than as described in Item 2(a) above, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
persons named in Item 2 and any other person with respect to the Stock or other
securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit A - Agreement pursuant to Rule 13d-1(f)(1) of the Securities
Exchange Act of 1934, as amended, with respect to Schedule 13D filings.
Exhibit B - Schedule of Transactions in Stock.
- ------------------------------- ----------------------------
CUSIP No. 422806109 Page 7 of 15 Pages
- ------------------------------- ----------------------------
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the
undersigned certify the information set forth in this Statement is true,
complete and correct.
Dated: January 17, 1997
/s/Rene Plessner
-----------------------------
Rene Plessner
RENE PLESSNER ASSOCIATES, INC. PROFIT SHARING PLAN
By:/s/Rene Plessner
-----------------------------
Rene Plessner, Trustee
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CUSIP No. 422806109 Page 8 of 15 Pages
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Exhibit A
Agreement Pursuant to Rule 13d-1(f)(1) of the Securities Exchange Act of
1934, as amended, with respect to Schedule 13D filings.
The undersigned acknowledge and agree that, with respect to the securities
of Heico Corporation held by Rene Plessner and Rene Plessner Associates, Inc.
Profit Sharing Plan, the undersigned may be required to file an amendment
containing the information required by Schedule 13D under the Securities and
Exchange Act of 1934 (the "Act") with respect to such securities. Accordingly,
pursuant to Rule 13D(1)(f)(1) of the Act, the undersigned acknowledge and agree
that such amendment of Schedule 13D shall be deemed filed on behalf of each of
them, and for such purpose each of the undersigned appoints Rene Plessner, with
power of substitution, to execute and file, in the name and on behalf of the
undersigned, any and all such Schedules 13D and further amendments thereto.
Dated: January 17, 1997.
/s/Rene Plessner
----------------------------
Rene Plessner
RENE PLESSNER ASSOCIATES, INC. PROFIT SHARING PLAN
By:/s/Rene Plessner
------------------------------------
Rene Plessner, Trustee
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CUSIP No. 422806109 Page 9 of 15 Pages
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Exhibit B
Schedule of Transactions in the Stock
The following table sets forth transactions effected by Plessner and the
Plessner Plan in the last 60 days. Unless otherwise noted, each of the
transactions reflects a sale by means of trades on the American Stock Exchange.
Shares
Price per --------------------------------
Trade Date Share ($) Plessner Plessner Plan
11/11/96 17 1/8 200
11/11/96 17 1/4 200
11/11/96 17 1/4 200
11/12/96 17 3/8 200
11/12/96 17 3/8 200
11/14/96 17 3/8 200
11/15/96 18 1/4 200
11/15/96 17 1/2 500
11/15/96 17 5/8 500
11/15/96 18 300
11/15/96 17 3/4 500
11/15/96 18 500
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CUSIP No. 422806109 Page 10 of 15 Pages
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Shares
Price per --------------------------------
Trade Date Share ($) Plessner Plessner Plan
11/29/96 18 1/4 200
11/29/96 18 3/4 200
11/29/96 19 1/2 200
12/2/96 20 3/8 200
12/2/96 20 3/8 200
12/2/96 20 1/2 200
12/3/96 20 7/8 200
12/3/96 21 3/8 200
12/4/96 21 200
12/5/96 21 200
12/5/96 20 7/8 1000
12/6/96 20 7/8 200
12/9/96 21 200
12/10/96 21 1/8 200
12/10/96 21 1/4 200
12/11/96 21 1/8 200
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CUSIP No. 422806109 Page 11 of 15 Pages
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Shares
Price per --------------------------------
Trade Date Share ($) Plessner Plessner Plan
12/12/96 21 1/4 200
12/12/96 21 1/4 200
12/12/96 21 1/4 200
12/13/96 21 200
12/16/96 21 3/8 200
12/17/96 21 200
12/17/96 20 7/8 200
12/17/96 21 200
12/18/96 21 3/8 200
12/20/96 21 3/4 200
12/20/96 22 1/8 200
12/20/96 22 1/8 200
12/23/96 22 7/8 200
12/23/96 22 3/8 200
12/23/96 22 3/8 200
12/24/96 23 1/8 200
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CUSIP No. 422806109 Page 12 of 15 Pages
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Shares
Price per --------------------------------
Trade Date Share ($) Plessner Plessner Plan
12/26/96 23 3/4 200
12/26/96 23 3/4 200
12/27/96 24 5/8 200
12/30/86 27 7/8 200
1/6/97 23 200
1/7/97 23 7/8 200
1/9/97 24 1/4 800
1/9/97 24 1/8 200
1/9/97 24 1/8 600
1/9/97 24 1/4 300
1/9/97 24 3/8 300
1/9/97 24 3/4 300
1/9/97 24 1/8 200
1/9/97 24 1/4 200
1/9/97 24 3/8 200
1/9/97 24 5/8 200
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CUSIP No. 422806109 Page 13 of 15 Pages
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Shares
Price per --------------------------------
Trade Date Share ($) Plessner Plessner Plan
1/9/97 24 3/4 200
1/9/97 24 3/4 200
1/9/97 25 1/8 200
1/10/97 25 200
1/10/97 25 200
1/10/97 25 1/4 200
1/10/97 25 100
1/10/97 25 1/8 100
1/10/97 25 1/4 100
1/10/97 25 1000
1/10/97 25 800
1/10/97 25 1/4 500
1/10/97 25 300
1/11/97 25 500
1/11/97 25 1/4 500
1/11/97 25 1/4 200
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CUSIP No. 422806109 Page 14 of 15 Pages
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Shares
Price per --------------------------------
Trade Date Share ($) Plessner Plessner Plan
1/11/97 25 1/4 200
1/11/97 25 1/8 200
1/13/97 26 1/8 800
1/13/97 26 3/8 500
1/13/97 26 5/8 500
1/13/97 26 7/8 500
1/13/97 27 500
1/13/97 25 7/8 300
1/13/97 25 7/8 200
1/13/97 25 3/4 300
1/13/97 26 200
1/13/97 26 1/8 200
1/13/97 25 3/4 700
1/13/97 25 3/8 500
1/13/97 25 5/8 500
1/13/97 25 7/8 500
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CUSIP No. 422806109 Page 15 of 15 Pages
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Shares
Price per --------------------------------
Trade Date Share ($) Plessner Plessner Plan
1/13/97 26 1/8 500
1/14/97 25 5/8 200
1/14/97 25 3/4 200
1/14/97 25 7/8 200
1/14/97 26 200
1/14/97 26 1/8 200
1/15/97 25 3/8 300
1/15/97 25 1/2 200
1/15/97 25 3/4 300
1/15/97 25 7/8 200