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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Nu Skin Asia Pacific, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
67018T-10-5
(CUSIP Number)
*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 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).
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Page 1 of 6 Pages
SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
1 NAME OF REPORTING PERSON(S)
Rick A. Roney
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5 SOLE VOTING POWER
NUMBER OF 603,263**SEE ITEM 4
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH - 0 -**SEE ITEM 4
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
603,263**SEE ITEM 4
8 SHARED DISPOSITIVE POWER
- 0 -**SEE ITEM 4
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
603,263**SEE ITEM 4
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES |_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.3%**SEE ITEM 4
12 TYPE OF REPORTING PERSON(S)
IN
- -------------
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
Item 1(a). Name of Issuer:
The name of the issuer is Nu Skin Asia Pacific, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
The address of the Issuer's principal executive office is 75 West
Center Street, Provo, Utah 84601.
Item 2(a). Name of Person Filing:
This report is being filed by Rick A. Roney (the "Reporting Person").
Item 2(b). Address of Principal Business Office or, if none, Residence:
The address of the Reporting Persons is 75 West Center Street, Provo,
Utah 84601.
Item 2(c). Citizenship:
The Reporting Person is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
This report covers the Issuer's Class A Common Stock, par value $.001
per share (the "Class A Common Stock").
Item 2(e). CUSIP Number:
The CUSIP number of the Class A Common Stock is 67018T-10-5.
Item 3. Not applicable.
Item 4. Ownership.
(a) The Reporting Person beneficially owns or is deemed to beneficially
own 603,263 shares of Common Stock as follows: -0- shares of Class A
Common Stock, and 603,263 shares of the Issuer's Class B Common
Stock, par value $.001 per share (the "Class B Common Stock"). The
Reporting Person disclaims beneficial ownership of the following:
88,082 shares of Class B Common Stock held indirectly as the sole
trustee of The K and M Roney Trust.
(b) Each share of Class B Common Stock is convertible at any time at the
option of the holder into one share of Class A Common Stock and each
share of Class B Common Stock is automatically converted into one
share of Class A Common Stock upon the transfer of such share of
Class B Common Stock to any person who is not a Permitted Transferee
as defined in the Amended and Restated Certificate
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
of Incorporation of the Issuer. Assuming conversion of all
outstanding 603,263 shares of Class B Common Stock beneficially owned
or deemed to be beneficially owned by the Reporting Person, he would
beneficially own or be deemed to beneficially own 603,263 shares of
Class A Common Stock which would constitute 4.3% of the number of
shares of then outstanding Class A Common Stock.This percentage
assumes the exercise of the 1,605,000 vested options held by
distributors of an affiliate of the Issuer. If such option shares
were not included in the calculation of the of the percentage,
the percentage would be 4.9%. This percentage does not give
effect to the exercise of any other outstanding options of the
Issuer.
Each share of Class A Common Stock entitles the holder to one vote on
each matter submitted to a vote of the Issuer's Stockholders and each
share of Class B Common Stock entitles the holder to ten votes on
each such matter, including the election of directors. Assuming
conversion of all outstanding 603,263 shares of Class B Common Stock
beneficially owned or deemed to be beneficially owned by the
Reporting Person, he would beneficially own or be deemed to
beneficially own 603,263 shares of Class A Common Stock which would
constitute 4.3% of the aggregate voting power of the Issuer. This
percentage assumes the exercise of the 1,605,000 vested options
held by distributors of an affiliate of the Issuer. If such
option shares were not included in the calculation of the of the
percentage, the percentage would be 4.9%. This percentage does
not give effect to the exercise of any other outstanding options
of the Issuer.
Assuming the exercise of vested options to acquire 1,605,000
shares of Class A Common Stock and assuming the vesting of
141,959 shares of Class A Common Stock pursuant to outstanding
stock bonus awards made by the Issuer and assuming the exercise
of options held by certain executive officers and directors of
the Issuer to acquire 446,825 shares of Class A Common Stock and
assuming no conversion of any of the outstanding shares of Class
B Common Stock, the 603,263 shares of Class B Common Stock
beneficially owned or deemed to be beneficially owned by the
Reporting Person constitute 0.8% of the aggregate voting power of
the Issuer.
(c) (i)Assuming conversion of all outstanding 603,263 shares of Class B
Common Stock beneficially owned or deemed to be beneficially owned by
the Reporting Person, with respect to which he has sole voting
power,the Reporting Person would have sole voting power over 603,263
shares of Class A Common Stock as follows: 515,181 shares of Class A
Common Stock directly and 88,082 shares of Class A Common Stock
indirectly as the sole trustee of the K and M Roney Trust.
(ii) Not applicable.
(iii) Assuming conversion of all outstanding 603,263 shares of Class
B Common Stock beneficially owned or deemed to be beneficially owned
by the Reporting Person, with respect to which he has sole
dispositive power, Rick A. Roney would have sole dispositive power
over 603,263 shares of Class A Common Stock as follows: 515,181
shares of Class A Common Stock directly and 88,082 shares of Class A
Common Stock indirectly as the sole trustee of The K and M Roney
Trust.
(iv) Not applicable.
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.
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
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.
The Reporting Person is a party to an Amended and Restated
Stockholders Agreement (the "Amended and Restated Stockholders
Agreement"), effective as of November 28, 1997, among the parties
listed on Exhibit A attached hereto. The Stockholders who are parties
to the Amended and Restated Stockholders Agreement have agreed to
certain limitations on the transfer of Class B Common Stock.
Additionally, each stockholder who is a party to the Amended and
Restated Stockholders Agreement has agreed to grant to the other
parties a right of first offer to purchase shares of Class B Common
Stock in the event the stockholder intends to sell to a person (or
group of persons) who are not a party to the Amended and Restated
Stockholders Agreement, except in certain circumstances such as
Transfers (as defined therein) permitted under the Amended and
Restated Stockholders Agreement, Transfers with the U.S. Securities
and Exchange Commission or similar regulatory agency of a foreign
jurisdiction or a Transfer in accordance with Rule 144 of the 1934
Securities Exchange Act or a Transfer by sale in a widely distributed
underwritten public offering pursuant to a registration statement
filed with the Securities and Exchange Commission.
The Reporting Persons disclaim beneficial ownership of all shares of
Class B Common Stock held by other parties to the Amended and
Restated Stockholders Agreement.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
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.
By: /s/ Rick A. Roney
Dated: February 17, 1998
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
EXHIBIT A
List of Parties to the Amended and Restated Stockholders Agreement
Nu Skin Asia Pacific, Inc.
Blake M. Roney, (a) individually, (b) as a general partner for BNASIA, Ltd., (c)
as a co-trustee for The Blake M. and Nancy L. Roney Foundation, (d) as the sole
trustee for The S and K Lund Trust, and (e) as the sole trustee for The B and D
Roney Trust.
Nancy L. Roney, (a) as a general partner for BNASIA, Ltd. and (b) as a
co-trustee for The Blake M. and Nancy L. Roney Foundation.
BNASIA, Ltd.
The All R's Trust.
The B and N Roney Trust.
The WFA Trust.
The Blake M. and Nancy L. Roney Foundation.
B & N Rhino Company, L.C.
Nedra D. Roney, (a) individually and (b) as co-trustee for The Nedra Roney
Foundation.
The MAR Trust.
The NR Trust.
The Nedra Roney Foundation.
The Nedra Roney Fixed Charitable Trust.
NR Rhino Company, L.C.
Rick A. Roney, (a) individually, (b) as the sole trustee for The K and M Roney
Trust, (c) as a co-trustee for The Rick and Kimberly Roney Fixed Charitable
Remainder Unitrust.
Kimberly Roney, as a co-trustee for The Rick and Kimberly Roney Fixed Charitable
Remainder Unitrust..
The Rick and Kimberly Roney Variable Charitable Remainder Unitrust.
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
The Rick and Kimberly Roney Fixed Charitable Remainder Unitrust.
Burke F. Roney, individually.
Park R. Roney, individually.
Sandra N. Tillotson, (a) individually, (b) as the sole trustee for The Sandra N.
Tillotson Fixed Charitable Trust, (c) as the manager of CST Rhino Company, L.C.,
(d) as the sole trustee of The CST Trust, and (e) as a co-trustee for The Sandra
N. Tillotson Foundation.
The SNT Trust.
The DVNM Trust.
The CWN Trust.
The DPN Trust.
The GNT Trust.
The LMB Trust.
The Sandra N. Tillotson Foundation.
The Sandra N. Tillotson Fixed Charitable Trust.
SNT Rhino Company, L.C.
Steven J. Lund, (a) individually, (b) as a general partner for SKASIA, Ltd., (c)
as a co-trustee for The Steven J. and Kalleen Lund Foundation and (d) as a
co-trustee for The Steven and Kalleen Lund Fixed Charitable Trust, (e) as the
sole trustee for The All R's Trust, (f) as the sole trustee for the B and N
Roney Trust, (g) as the sole trustee for The WFA Trust, (h) as the sole trustee
for The C and K Trust, and (i) as co-trustee for the Steven J. and Kalleen Lund
Foundation.
Kalleen Lund, (a) as a general partner of SKASIA, Ltd., (b) as a co-trustee for
The Steven J. and Kalleen Lund Foundation, and (c) as a co-trustee for The
Steven and Kalleen Lund Fixed Charitable Trust, and (i) as a co-trustee for the
Steven J. and Kalleen Lund Foundation.
SKASIA, Ltd.
The S and K Lund Trust.
The Steven J. and Kalleen Lund Foundation.
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
The Steven and Kalleen Lund Fixed Charitable Trust.
S & K Rhino Company, L.C.
Brooke B. Roney, (a) individually, (b) as a general partner of BDASIA, Ltd., and
(c) as a co-trustee for The Brooke Brennan and Denice Renee Roney Foundation.
Denice R. Roney, (a) as a general partner of BDASIA, Ltd., and (b) as a
co-trustee for The Brooke Brennan and Denice Renee Roney Foundation.
BDASIA, Ltd.
The B and D Roney Trust.
The Brooke Brennan and Denice Renee Roney Foundation.
Kirk V. Roney, (a) individually, (b) as a general partner of KMASIA, Ltd., (c)
as co-trustee for The Kirk and Melanie Roney Fixed Charitable Trust, and (d) as
a co-trustee of The Kirk V. and Melanie K. Roney Foundation.
Melanie K. Roney, (a) as a general partner of KMASIA, Ltd., (b) as a co-trustee
for The Kirk and Melanie Roney Fixed Charitable Trust, and (c) as a co-trustee
of The Kirk V. and Melanie K. Roney Foundation.
The Kirk V. and Melanie K. Roney Foundation.
KMASIA, Ltd.
The K and M. Roney Trust.
The Kirk V. and Melanie K. Roney Fixed Charitable Trust.
K & M Rhino Company, L.C.
Keith R. Halls, (a) individually, (b) as the sole trustee for The MAR Trust, (c)
as the sole trustee for The NR Trust, (d) as the sole trustee for The Nedra
Roney Fixed Charitable Trust, (e) as a general partner for KAASIA, Ltd., (f) as
a co-trustee for The Keith and Anna Lisa Halls Fixed Charitable Trust, (g) as a
co-trustee for The Keith Ray and Anna Lisa Massaro Halls Foundation, and (h) as
the manager of CKB Rhino Company, L.C.
Anna Lisa Massaro Halls, (a) as a general partner for KAASIA, Ltd., (b) as a
co-trustee for The Keith and Anna Lisa Halls Fixed Charitable Trust, and (c) as
a co-trustee for The Keith Ray and Anna Lisa Massaro Halls Foundation.
KAASIA, Ltd.
The K and A Halls Trust.
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
The Halls Family Trust.
The Keith and Anna Lisa Halls Fixed Charitable Trust.
The Keith Ray and Anna Lisa Massaro Halls Foundation.
K & A Rhino Company, L.C.
Craig S. Tillotson, (a) individually, (b) as a co-trustee for The Craig S.
Tillotson Fixed Charitable Trust, (c) as the manager of SNT Rhino Company, L.C.,
(d) as a co-trustee for The DPN Trust, (e) as a co-trustee for The GNT Trust,
and (f) as a co-trustee of The Craig S. Tillotson Foundation.
The CST Trust.
The JS Trust.
The JT Trust.
The CB Trust.
The CM Trust.
The BCT Trust.
The ST Trust.
The NJR Trust.
The RLS Trust.
The RBZ Trust.
The LB Trust.
The Craig S. Tillotson Fixed Charitable Trust.
CST Rhino Company, L.C.
R. Craig Bryson, (a) individually, (b) as a general partner for RCKASIA, Ltd.,
(c) as a co-trustee for The Bryson Foundation, and (d) as a co-trustee for The
Bryson Fixed Charitable Trust.
Kathleen D. Bryson, (a) as a general partner for RCKASIA, Ltd., (b) as a
co-trustee for The Bryson Foundation, and (c) as a co-trustee for The Bryson
Fixed Charitable Trust.
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SCHEDULE 13G (AMENDMENT NO. 1)
CUSIP No. 67018T-10-5
RCKASIA, Ltd.
The C and K Trust.
The Bryson Foundation.
The Bryson Fixed Charitable Trust.
CKB Rhino Company, L.C.
Michael L. Halls, (a) as the sole trustee for The K and A Halls Trust, and (b)
as the sole trustee for The Halls Family Trust.
Craig F. McCullough, (a) as the manager of B & N Rhino Company, L.C., (b) as the
manager of NR Rhino Company, L.C., (c) as the manager of S & K Rhino Company,
L.C., (d) as the manager of K & M Rhino Company, L.C., and (e) as the manager of
K & A Rhino Company, L.C.
Robert L. Stayner as an independent trustee of The Bryson Fixed Charitable
Trust.
Evan A. Schmutz, (a) as a co-trustee for The Nedra Roney Foundation, and (b) as
an independent trustee for The Nedra Roney Fixed Charitable Trust.
Lee Brower, (a) as the sole trustee for The SNT Trust, (b) as the sole trustee
for The DVNM Trust, (c) as the sole trustee for The CWN Trust, (d) as a
co-trustee for The DPN Trust, (e) as a co-trustee for The GNT Trust, (f) as the
sole trustee for The JS Trust, (g) as the sole trustee for The JT Trust, (h) as
the sole trustee for The CB Trust, (i) as the sole trustee for the CM Trust, (j)
as the sole trustee for The BCT Trust, (k) as the sole trustee for The ST Trust,
(l) as the sole trustee for The NJR Trust, (m) as the sole trustee for The RLS
Trust, (o) as the sole trustee for The RBZ Trust, (p) as an independent trustee
for The Craig. S. Tillotson Fixed Charitable Trust, (q) as a co-trustee for The
Sandra N. Tillotson Foundation, and (r) as a co-trustee for The Craig S.
Tillotson Foundation.
Gregory N. Barrick, (a) as the sole trustee for The LMB Trust, and (b) as the
sole trustee for The LB Trust.
L.S. McCullough, (a) as an independent trustee of The Sandra N. Tillotson Fixed
Charitable Trust, (b) as an independent trustee for The Steven and Kalleen Lund
Fixed Charitable Trust, (c) as an independent trustee for The Kirk and Melanie
Roney Fixed Charitable Trust, and (d) as an independent trustee of The Keith and
Anna Lisa Halls Fixed Charitable Trust.
James Blaylock as the sole trustee for the Rick and Kimberly Roney Variable
Charitable Remainder Unitrust.
M. Truman Hunt, as Vice President of Legal Affairs for Nu Skin Asia Pacific,
Inc.
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