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OMB APPROVAL
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OMB Number: 3235-0145
UNITED STATES Expires: December 31, 1997
SECURITIES AND EXCHANGE COMMISSION Estimated average burden
Washington, D.C. 20549 hours per form ......14.90
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SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
PUROFLOW INCORPORATED
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
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(Title Class of Securities)
746375104
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(CUSIP Number)
David Alan Miller, Esq.
Graubard Mollen & Miller
600 Third Avenue
New York, New York 10016-2097
Telephone: (212) 818-8800
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Name, Address and Telephone Number of Persons Authorized to Receive
Notices and Communications)
June 20, 1997
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(Date of Event which Requires Filing of this Statement)
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 6 Pages
<PAGE>
SCHEDULE 13D
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CUSIP No. 746375104 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David S. Nagelberg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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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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| 7 SOLE VOTING POWER
|
| 0 Shares
NUMBER OF |-----------------------------------------------------------
SHARES | 8 SHARED VOTING POWER
BENEFICIALLY |
OWNED BY | 250,000 Shares
EACH |-----------------------------------------------------------
REPORTING | 9 SOLE DISPOSITIVE POWER
PERSON |
WITH | 0 Shares
|-----------------------------------------------------------
| 10 SHARED DISPOSITIVE POWER
|
| 250,000 Shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%
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14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No. 746375104 Page 3 of 6 Pages
- ------------------------- ------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bette Nagelberg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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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
- --------------------------------------------------------------------------------
| 7 SOLE VOTING POWER
|
| 0 Shares
NUMBER OF |-----------------------------------------------------------
SHARES | 8 SHARED VOTING POWER
BENEFICIALLY |
OWNED BY | 250,000 Shares
EACH |-----------------------------------------------------------
REPORTING | 9 SOLE DISPOSITIVE POWER
PERSON |
WITH | 0 Shares
|-----------------------------------------------------------
| 10 SHARED DISPOSITIVE POWER
|
| 250,000 Shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Item 1. Security and Issuer
The class of equity securities to which this statement relates
is the common stock, $.01 par value, of Puroflow Incorporated ("Issuer"), a
Delaware corporation, whose principal executive offices are located at 16559
Saticoy Street, Van Nuys, California 91406 ("Common Stock").
The percentage of beneficial ownership reflected in this
Statement is based upon 7,108,521 shares of Common Stock outstanding on April
30, 1997, which number has been obtained from the Issuer's most recently
available filings with the Securities and Exchange Commission.
Item 2. Identity and Background
No change.
Item 3. Source and Amounts of Funds or Other Consideration
No change.
Item 4. Purpose of Transactions
No change.
Item 5. Interest in Securities of the Issuer
(a) Bette Nagelberg directly owns 250,000 shares of Common Stock.
(b) David S. Nagelberg (Bette Nagelberg's spouse) may be deemed to share
voting and dispositive power over the 250,000 shares of Common Stock held by
Bette Nagelberg. David S. Nagelberg disclaims beneficial ownership of the
250,000 shares of Common Stock held by Bette Nagelberg and the filing of this
statement shall not be construed as an admission that David S. Nagelberg is, for
the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934,
the beneficial owner of the 250,000 shares of Common Stock held by Bette
Nagelberg.
(c) Bette Nagelberg sold (i) 44,000 shares of Common Stock on June 20, 1997
in the open market for $.84375 per share, and (ii) 18,500 shares of Common Stock
on June 27, 1997 for $.8340 per share. Manhattan Group Funding, of which David
S. Nagelberg and Ronald I. Heller are the sole partners, sold 64,376 shares of
Common Stock on March 17, 1997 in the open market for $.908 per share.
(d) David S. Nagelberg may be deemed to share the right to receive and the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the 250,000 shares of Common Stock held by Bette Nagelberg.
(e) Not applicable.
Page 4 of 6 Pages
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to the Securities of the Issuer
No change.
Item 7. Material to be Filed as Exhibits
Exhibit 7.1: Form of Registration Rights Agreement, dated as of
June 3, 1996 (previously filed).
The balance of this page has been left blank intentionally.
Page 5 of 6 Pages
<PAGE>
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.
Dated: July 24, 1997
/s/ David S. Nagelberg
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David S. Nagelberg
/s/ Bette Nagelberg
-----------------------
Bette Nagelberg
Page 6 of 6 Pages
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