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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
American Bank Note Holographics, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
024490104
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(CUSIP Number)
September 28, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/_/ Rule 13d-1(b)
/X/ Rule 13d-1(c)
/_/ Rule 13d-1(d)
*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).
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CUSIP No. 024490104
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Libra Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /_/
(See Instructions) (b) /_/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF ---------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 711,100
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON ---------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
711,100
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
711,100
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) /_/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
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12 TYPE OF REPORTING PERSON (See Instructions)
00
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CUSIP No. 024490104
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Ranjan Tandon.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) /_/
(b) /_/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF ---------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 711,100
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON ---------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
711,100
---------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
711,100
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) /_/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN
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Item 1. (a) Name of Issuer:
American Bank Note Holographics, Inc.
(b) Address of Issuer's Principal Executive Offices:
339 Executive Boulevard
Elmsford, New York 10523
Item 2. (a)(b)(c)Name of Person Filing; Address of Principal Business
Office or, if none Residence; Citizenship:
This Schedule 13G is being filed jointly by Libra
Advisors, LLC, a New York limited liability company
("Advisors") and Ranjan Tandon, a United States
citizen ("R. Tandon") (collectively, the "Reporting
Persons"). R. Tandon is the sole voting member and
Manager of Advisors. Advisors is the General Partner
of Libra Fund, L.P. and the Investment Adviser to an
offshore fund. The business address of each Reporting
Person is 277 Park Avenue, 26th Floor, New York, New
York, 10172.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
024490104
Item 3. If this statement is being filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is an:
(a)/ / Broker or Dealer registered under Section 15 of the Act
(b)/ / Bank as defined in section 3(a)(6) of the Act
(c)/ / Insurance Company as defined in section 3(a)(19) of the
Act
(d)/ / Investment Company registered under section 8 of the
Investment Company Act of 1940
(e)/ / An Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E)
(f)/ / An Employee Benefit Plan or Endowment Fund in
accordance with Rule 13d-1(b)(1)(ii)(F)
(g)/ / A Parent Holding Company or Control Person in
accordance with Rule 13d-1(b)(ii)(G)
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(h)/ / A Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i)/ / A Church Plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act of 1940
(j)/ / Group, in accordance with 13d-1(b)(1)(ii)(J)
Item 4. Ownership:
(a) Amount Beneficially Owned: 711,100
(b) Percent of Class: 5.2%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote - 0
(ii) shared power to vote or direct the
vote - 711,100*
(iii) sole power to dispose or direct the
disposition of - 0
(iv) shared power to dispose or direct the
disposition of - 711,100*
*See Attachment A
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
percent of the class of securities check the
following [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
N/A
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent Holding
Company
N/A
Item 8. Identification and Classification of Members of the Group
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N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were not acquired and are not held for the
purpose of or with the effect of changing or
influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any
transaction having that purpose or effect.
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Signature
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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.
LIBRA ADVISORS, LLC
By:/s/ Ranjan Tandon
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Name: Ranjan Tandon
Title: Manager
/s/ Ranjan Tandon
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RANJAN TANDON
Dated: October 4, 1999
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ATTACHMENT A
As of October 4, 1999, Advisors is the beneficial owner of an aggregate
of 711,100 shares of Common Stock, for a total beneficial ownership of 5.2% of
the outstanding shares of Common Stock. Advisors, as Investment Advisor to an
offshore fund that owns 35,000 shares of Common Stock (0.3%), has the power to
vote and to direct the voting of and the power to dispose and direct the
disposition of those shares. As the General Partner of Libra Fund, L.P., which
owns 676,100 shares of Common Stock (5.0%), Advisors has the power to vote and
to direct the voting of and the power to dispose and direct the disposition of
those shares. In addition, as the sole voting member and Manager of Advisors, R.
Tandon may be deemed to have the power to vote and to direct the voting of and
the power to dispose and direct the disposition of the 711,100 shares of Common
Stock (5.2%) beneficially owned by Advisors.
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AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with all
other persons signatory below of a statement on Schedule 13G or any amendments
thereto, with respect to the Common Stock of American Bank Note Holographics,
Inc., and that this Agreement be included as an attachment to such filing.
This Agreement may be executed in any number of counterparts each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement on
the 4th day of October, 1999.
LIBRA ADVISORS, LLC
By:/s/ Ranjan Tandon
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Name: Ranjan Tandon
Title: Manager
/s/ Ranjan Tandon
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RANJAN TANDON
