UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Butler National Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
123720104
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(CUSIP Number)
Joseph P. Daly
497 Circle Freeway
Cincinnati, Ohio 45246
(513) 942-7100
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 29, 2016
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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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-7 for other
parties to whom copies are to be sent.
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).
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CUSIP No. 123720104 13D/A
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1 NAMES OF REPORTING PERSONS
Joseph P Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 1,737,083
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
1,737,083
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,737,083
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.76%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 123720104 13D/A
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1 NAMES OF REPORTING PERSONS
Karina Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 443,000
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
443,000
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
443,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.71%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 123720104 13D/A
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1 NAMES OF REPORTING PERSONS
EssigPR Inc.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Rincon, PR, USA
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 1,792,500
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
1,792,500
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,792,500
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.85%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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ITEM 1. SECURITY AND ISSUER.
The class of equity security to which this statement relates is the
common stock (the "Common Stock"), $.01 value per share ("Share"), of
Butler National Corporation, a Kansas corporation (the "Issuer"). The address of
the principal executive offices of the Issuer is 19920 West 161st Street,
Olathe, Kansas 66062.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended to read as follows:
The source of funds used by the Reporting Persons are personal funds of
each such person with respect to the purchases of such person, except
the source of funds used for the purchases by EssigPR, Inc were from
working captial. The Reporting Persons did not borrow any funds to
acquire their respective shares. The following table shows the
APPROXIMATE amounts of funds paid for the Shares by the Reporting
Persons.
Joseph P Daly $323,334
Karina Daly 84,436
EssigPR, Inc. 354,181
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended to read as follows:
(a) The Reporting Persons hereby report beneficial ownership, in the manner
hereinafter described, of 3,972,583 shares of the Issuer:
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
Joseph P Daly 1,737,083 2.76%
Karina Daly 443,000 0.71%
EssigPR Inc. 1,792,500(2) 2.85%
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TOTAL 3,972,583 6.32%
(1) The foregoing percentages assume that the number of Shares of the Issuer
outstanding, as reported in the Issuer's 10-Q for the quarter ended
January 31, 2016 is 62,860,098 Shares (as of March 16, 2016).
(2) Shares are held by EssigPR,Inc., a C corporation controlled by
Joseph P. Daly
(b) Joseph P. Daly has sole voting and dispositive power over his shares
enumerated in paragraph (a). Karina Daly has sole voting and dispositive
power over her shares enumerated in paragraph (a). EssigPR, Inc. has shared
voting and dispositive power over its shares enumerated in paragraph (a).
(c) Transactions for the 60 days prior to the date of this Schedule 13D/A :
Person Who Effected the Transaction Transaction Date Number of Shares Purchased Price per Share
Joseph P. Daly 03/01/2016 4000 0.150
Joseph P. Daly 03/03/2016 11000 0.150
Joseph P. Daly 03/08/2016 8500 0.170
Joseph P. Daly 03/08/2016 7000 0.160
Joseph P. Daly 03/10/2016 5100 0.165
Joseph P. Daly 03/21/2016 50000 0.160
Joseph P. Daly 03/22/2016 800 0.170
Joseph P. Daly 03/28/2016 2500 0.170
Joseph P. Daly 03/28/2016 17153 0.180
Joseph P. Daly 03/29/2016 2500 0.183
Joseph P. Daly 03/29/2016 9500 0.185
Joseph P. Daly 03/30/2016 2500 0.173
Joseph P. Daly 03/30/2016 27500 0.185
Joseph P. Daly 03/31/2016 2500 0.177
Joseph P. Daly 03/31/2016 11447 0.190
Joseph P. Daly 04/01/2016 21500 0.185
Joseph P. Daly 04/05/2016 2500 0.188
Joseph P. Daly 04/05/2016 16000 0.190
Joseph P. Daly 04/12/2016 2500 0.178
Joseph P. Daly 04/12/2016 24966 0.180
Joseph P. Daly 04/29/2016 20000 0.180
Joseph P. Daly 04/29/2016 500 0.204
Joseph P. Daly 04/29/2016 2500 0.192
Karina Daly 04/29/2016 23000 0.180
EssigPR Inc. 04/07/2016 2500 0.178
EssigPR Inc. 04/07/2016 117500 0.180
EssigPR Inc. 04/11/2016 2500 0.178
EssigPR Inc. 04/11/2016 47500 0.180
EssigPR Inc. 04/12/2016 2500 0.178
EssigPR Inc. 04/12/2016 20000 0.180
EssigPR Inc. 04/29/2016 117500 0.180
EssigPR Inc. 04/29/2016 2500 0.195
EssigPR Inc. 04/29/2016 2500 0.220
EssigPR Inc. 04/29/2016 2500 0.170
EssigPR Inc. 04/29/2016 2500 0.175
All transactions were effectuated through open-market purchases
(d) RIGHT TO RECEIVE OR POWER TO DIRECT: Not applicable.
(e) DATE REPORTING PERSON CEASED TO BE 5% OWNER: Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: May 02, 2016
/s/ Joseph P Daly
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Print Name: Joseph P Daly
/s/ Karina Daly
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Print Name: Karina Daly
EssigPR, Inc.
By: /s/ Joseph P Daly
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Print Name: Joseph P Daly