SECURITIES AND UNITED STATES EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
MANCHESTER EQUIPMENT CO., INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
562154 10 4
(CUSIP Number)
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March 24, 1997 and March 27, 1997
(Dates of Events Which Require Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box. |X|
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
-----------------------
*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 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>
SCHEDULE 13D
CUSIP No. 562154 10 4
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry R. Steinberg
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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
Not applicable. See Item 3.
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E) |_|
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 4,585,101
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------
8. SHARED VOTING POWER
0
----------------------------------------------------
9. SOLE DISPOSITIVE POWER
4,585,101
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,585,101 See Item 5(a).
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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)
53.8% See Item 5(a).
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
SCHEDULE 13D
CUSIP No. 562154 10 4
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ilene Steinberg
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable. See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 40,000
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------
8. SHARED VOTING POWER
0
----------------------------------------------------
9. SOLE DISPOSITIVE POWER
40,000
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,000 See Item 5(a).
- --------------------------------------------------------------------------------
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)
.5% See Item 5(a).
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15. TYPE OF REPORTING PERSON
IN
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<PAGE>
SCHEDULE 13D
CUSIP No. 562154 10 4
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sheryl Steinberg
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable. See Item 3.
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E) |_|
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
40,000
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------
8. SHARED VOTING POWER
0
----------------------------------------------------
9. SOLE DISPOSITIVE POWER
40,000
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,000 See Item 5(a).
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.5% See Item 5(a).
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14. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
This Amendment No. 1 amends the Schedule 13D, dated March 24, 1997, filed
by the reporting persons with respect to the purchase by Ilene Steinberg and
Sheryl Steinberg of shares of Common Stock, $.01 par value ("Common Stock"), of
Manchester Equipment Co., Inc. (the "Issuer"). Capitalized terms not defined in
this Amendment No. 1 are used as defined in the Schedule 13D filing of the
reporting persons.
Item 3. Source and Amount of Funds or Other Consideration.
On March 24, 1997, a portion of the proceeds of the Loans was used by
Sheryl Steinberg to purchase shares of the Issuer's Common Stock. On March 27,
1997, a portion of the proceeds of the Loans was used by Ilene Steinberg to
purchase shares of the Issuer's Common Stock. See Item 5(c)
Item 5. Interest in Securities of the Issuer.
(a) The aggregate number of shares of Common Stock and the percentage of
outstanding shares of Common Stock (based upon the 8,525,000 shares of Common
Stock outstanding on February 28, 1997, as represented by the Issuer in the Form
10-Q, dated March 12, 1997), beneficially owned by each person named in Item 2
above, as of the close of business on April 1, 1997, is set forth below:
<TABLE>
<CAPTION>
Shares Percentage of
Name of Holder Beneficially Owned Outstanding Shares
<S> <C> <C>
Barry R. Steinberg.................. 4,585,101 53.8%
Ilene Steinberg..................... 40,000 .5%
Sheryl Steinberg.................... 40,000 .5%
------ --
Total 4,665,101 54.7%
========= ====
</TABLE>
(c) On March 24, 1997, Sheryl Steinberg purchased 5,000 shares of the
Issuer's Common Stock at a purchase price of $4-1/2 per share. On March 27,
1997, Ilene Steinberg purchased 5,000 shares of the Issuer's Common Stock at a
purchase price of $4 5/8 per share. The transactions were effected on the open
market. The Issuer's Common Stock is traded on The Nasdaq National Market.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each
of us certifies that the information set forth in this statement is true,
complete and correct.
/s/ Barry R. Steinberg
-----------------------
Date: April 1, 1997 Barry R. Steinberg
s/s Ilene Steinberg
-------------------
Ilene Steinberg
s/s Sheryl Steinberg
-------------------
Sheryl Steinberg
