SECURITIES AND UNITED STATES EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
MANCHESTER EQUIPMENT CO., INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
562154 10 4
(CUSIP Number)
May 6, 1998
(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. |_|
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 6 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/A
CUSIP No. 562154 10 4
- --------------- ----------------------------------------------------------------
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry R. Steinberg
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------- ----------------------------------------------------------------
3. SEC USE ONLY
- --------------- ----------------------------------------------------------------
4. SOURCE OF FUNDS
PF
- --------------- ----------------------------------------------------------------
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 SOLE VOTING POWER
7.
SHARES 4,674,101
-----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY EACH 0
-----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH 4,674,101
----------- -----------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------- ----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,674,101
- --------------- ----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------- ---------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
57.7%
- --------------- ----------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------- ----------------------------------------------------------------
<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
OO. 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
SHARES 59,500
----------------------------------------------------
BENEFICIALLY
8. SHARED VOTING POWER
OWNED BY EACH
0
REPORTING ----------------------------------------------------
9. SOLE DISPOSITIVE POWER
PERSON WITH 59,500
----------- -----------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------- ----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,500 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)
.7% See Item 5(a).
- --------------- ----------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------- ----------------------------------------------------------------
<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
0O. 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
BENEFICIALLY 59,000
-----------------------------------------------------
OWNED BY EACH 8. SHARED VOTING POWER
REPORTING 0
-----------------------------------------------------
PERSON WITH
9. SOLE DISPOSITIVE POWER
59,000
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------- ----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,000 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)
.7% See Item 5(a).
- --------------- ----------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------- ----------------------------------------------------------------
<PAGE>
As used herein, the term (i) "Schedule 13D" means that certain Schedule
13D, dated March 24, 1997, together with any previous amendments and any
subsequent amendments, modifications or supplements thereto; and (ii) "Original
Schedule 13D" means only the original Schedule 13D, dated March 24, 1997,
excluding any amendments thereto. This Amendment No. 5 amends the Schedule 13D
filed by the reporting persons to amend or supplement, as the case may be, Items
3 and 5 of the Schedule 13D. Capitalized terms not referred to in this Amendment
No. 5 are used as defined in the Schedule 13D filing of the filing persons.
Item 3. Source and Amount of Funds or Other Consideration.
Since the filing of the Original Schedule 13D, Barry R. Steinberg
("Steinberg"), using his own funds, made purchases of the shares of the Issuer's
Common Stock, at the respective purchase prices per share and on the respective
dates set forth below, and made the disposition of shares of the Issuer's Common
Stock on May 29, 1997, described below:
<TABLE>
<CAPTION>
Date Number of Shares Purchase Price
---- ---------------- per share
---------
<S> <C> <C>
May 29, 1997 (10,000)1
June 9, 1997 12,500 $4.00
June 20, 1997 2,500 $4.00
June 25, 1997 10,000 $4.00
July 22, 1997 5,000 $4.25
July 23, 1997 5,000 $4.25
July 29, 1997 5,000 $4.47
August 4, 1997 10,000 $4.43
August 6, 1997 5,000 $4.43
January 16, 1998 2,000 $3.62
January 16, 1998 8,000 $3.75
January 26, 1998 3,500 $3.875
January 28, 1998 2,500 $4.125
February 5, 1998 2,000 $4.00
February 6, 1998 5,000 $4.00
February 9, 1998 5,000 $4.00
February 9, 1998 5,000 $4.06
February 10, 1998 5,000 $3.93
May 6, 1998 6,000 $4.00
-----
Total 89,000
======
</TABLE>
Since the filing of the Original Schedule 13D, Ilene Steinberg ("Ilene")
made the following purchases of shares of the Issuer's Common Stock, using a
portion of the proceeds of the Loans, and made the following disposition of
certain of her shares of the Issuer's Common Stock:
Purchase
Date Number of Shares Price Per Share
---- ---------------- ---------------
April 1, 1997 5,000 $4.25
June 9, 1997 500 $4.00
July 13, 1998 (750) $3.93
-----
Total 4,750
=====
- -----------------
1. On May 29, 1997, Steinberg made a gift of 10,000 shares of the Common Stock
of the Issuer, as reported on Form 5 dated September 11, 1997
<PAGE>
Since the filing of the Original Schedule 13D Sheryl Steinberg ("Sheryl") made
the following purchase of shares of the Issuer's Common Stock, using a portion
of the proceeds of the Loan:
Purchase
Date Number of Shares Price Per Share
---- ---------------- ---------------
March 18, 1997 5,000 $4.50
-----
Total 5,000
=====
Both Sheryl's and Ilene's purchases were made on the open market, as well
as Ilene's sale of 750 shares of the Issuer's Common Stock.
Item 5. Interest in Securities of the Issuer.
(a) There is set forth below the aggregate number of shares of Common Stock
and the percentage of outstanding shares of Common Stock beneficially owned by
the respective filing persons, as of the close of business on December 10, 1998.
(The figures reported are based upon the 8,096,600 shares of the Common Stock
outstanding on December 7, 1998, as represented by the Issuer in the Form 10-Q
for the quarterly period ended October 31, 1998.)
Name of Shares Percentage of
Holder Beneficially Owned Outstanding Shares
------ ------------------ ------------------
Barry R. Steinberg 4,674,101 57.7%
Ilene Steinberg 59,500 .7%
Sheryl Steinberg 59,000 .7%
Total 4,792,601 59.1%
========= -----
(b) Each of the persons named above has the sole power to vote or direct
the vote and sole power to dispose of or direct the disposition of the shares of
Common Stock beneficially owned by him or her.
.
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.
Date: December 18, 1998 ss:\ Barry R. Steinberg
-------------------------------------
Barry R. Steinberg
ss:\ Ilene Steinberg
--------------------
Ilene Steinberg
ss:\ Sheryl Steinberg
----------------------
Sheryl Steinberg
