UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _1_)*
AMEN Properties, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
023477-20-1
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(CUSIP Number)
Eric D. Boyt
303 W. Wall Street, Ste. 1700
Midland, TX 79701
(432) 684-3821
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
06/13/03
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 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.)
(1) Name of Reporting Persons:
I.R.S. Identification Nos. of above persons (entities only):
Jon M. Morgan, as an individual, and as trustee of the Jon M. Morgan Pension
Plan, and as President of J.M. Mineral Land Co., Inc.
(2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
Not Applicable (b) [ ] Not Applicable
(3) SEC Use Only:
(4) Source of Funds (See Instructions):
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 of America
(7) SOLE VOTING POWER
NUMBER OF 203,428 shares
SHARES
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BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
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REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH 203,428 shares
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(10) SHARED DISPOSITIVE POWER
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person:
203,428
(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): [ ]
(13) Percent of Class Represented by Amount in Row (11):
8.61%
(14) Type of Reporting Person (See Instructions):
IN and OO
ITEM 1. SECURITY AND ISSUER
This Statement on Schedule 13D (this "Statement") relates to Common stock, $0.01
par value per share ("Common Stock"), of AMEN Properties, Inc., a Delaware
corporation (the "Issuer"). The address of the Issuer's principal executive
offices is 303 W. Wall Street, Ste. 1700, Midland, TX 79701.
ITEM 2. IDENTITY AND BACKGROUND
(a) The name of the person filing this Statement is Jon M. Morgan (the
"Reporting Person").
(b) The address of the principal business office of the Reporting Person is 303
W. Wall, Suite 1700, Midland, TX 79701.
(c) The Reporting Person is a member of the Issuers Board of Directors and is
President and Chief Operating Officer.
(d) The Reporting Person has not been convicted in any criminal proceedings
during the past five (5) years.
(e) The Reporting Person has not been party to a civil proceeding of a judicial
or administrative body of competent jurisdiction during the past five (5) years.
(f) The Reporting Person is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
All of the Reporting Person's purchases of Common Stock were made using personal
funds. Since August 2000, an aggregate of $9,600 of the Reporting Person's
personal funds were used to purchase 1,275 shares of Common Stock. In September
2000, the Reporting Person, as trustee of the Jon M. Morgan Pension Plan
purchased $200,000 or 8,000 shares of the Company's Series "A" Preferred Stock
which is currently convertible into at most 61,645 shares of Common Stock. At
this same time, the Reporting Person as President of J.M. Midland Land Co.,
Inc., also purchased $200,000 or 8,000 shares of the Company's Series "A"
Preferred Stock, which is currently convertible into at most 61,645 shares of
Common Stock. In January 2002, the Reporting Person purchased $125,000 or 12,500
shares of the Company's Series "B" Preferred Stock, which is convertible into
38,528 shares of Common Stock. On June 13, 2003 the Reporting Person received
40,335 shares of Common Stock as payment for accrued dividends on the Series A
and Series B Preferred Stock.
{Explain}
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person has acquired the Common Stock for investment purposes only
and currently has no plans or proposals that relate to or would result in the
occurrence of any of the transactions or events specified in clauses (a) through
(j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The aggregate number of shares of Common Stock beneficially owned by the
Reporting Person is 203,428 which represents 8.61% of the Common Stock
outstanding. For purposes of calculating this percentage, the figure for the
Common Stock outstanding was taken from the Issuer's latest Quarterly Report on
Form 10-Q for the period ended March 31, 2003.
(b) The Reporting Person has:
1) 203,428 shares as to which he has sole power to vote or to direct the vote;
2) 0 shares as to which he has shared power to vote or to direct the vote;
3) 203,428 shares as to which he has sole power to dispose or to direct the
disposition; and
4) 0 shares as to which he has shared power to dispose or to direct the
disposition.
(c) Other than that which is disclosed herein, within the 60-day period prior to
filing this Statement, the Reporting Person has not engaged in any transaction
involving shares of Common Stock.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
There are no contracts, arrangements, understandings or relationships with
respect to the Common Stock that requires disclosure pursuant to this Item 6.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated as of June 13, 2002
By: /s/ Eric Boyt
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Eric Boyt, as Attorney-in-fact for Jon M. Morgan,
Individually, and as
Trustee of Jon M. Morgan Pension Plan, and as
President of J.M. Mineral Land Co., Inc.