UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
MAC-GRAY CORPORATION
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
554153-10-6
(CUSIP Number)
Alan M. Stark
80 Main Street
West Orange, New Jersey 07052
(973)325-8660
(Name Address, and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 6, 1999
(Date of Event which Requires Filing of this Statement)
If this 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.
*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).
<PAGE>
SCHEDULE 13D
CUSIP No. 554153-10-6
_______________________________________________________________
1) Names of Reporting Person S.S. or I.R.S.
Identification No. of Above Person
MYRON M. KAPLAN
S.S. No. ###-##-####
_______________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
_______________________________________________________________
3) SEC Use Only
_______________________________________________________________
4) Source of Funds:
PF
________________________________________________________________
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e). . . . . . . . . . . .
NOT APPLICABLE
________________________________________________________________
6) Citizenship or place of Organization:
UNITED STATES
________________________________________________________________
(7) Sole voting Power
Number of 1,203,000
Shares Bene-
ficially (8) Shared Voting Power
owned by -0-
Each Report-
ing Person (9) Sole Dispositive Power
With 1,203,000
(10) Shared Dispositive Power
-0-
____________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 1,203,000
________________________________________________________________
12) Check if the Aggregate Amount in Row (11)
N/A
________________________________________________________________
13) Percent of Class Represented by Amount in Box (11):
9.5%
________________________________________________________________
14) Type of Reporting Person
I N
Item 3. Source and Amount of Funds or Other Consideration.
Kaplan beneficially owns 1,203,000 Shares, and the
total cost is $10,023,521. The source of funds for the
purchase of all such Shares was personal funds.
Item 5. Interest in Securities of the Issuer.
Based upon the information contained in the Company's
Form 10Q for the quarterly period ended March 31, 1999 filed
with the Securities & Exchange Commission, there were 12,625,428
Shares of the Company's Common Stock outstanding as of May 14,
1999. Kaplan's ownership of 1,203,000 represents 9.5% of the
outstanding Shares.
The following table details the transactions by
Kaplan in shares of Common Stock since the filing of the
previous Schedule 13D filed on June 10, 1999. All such
transactions were open market transactions.
Date of Shares Purchased Price Per
Transaction Shares Sold (-) Share
06/10/99 20,000 8.87
06/10/99 10,000 8.81
06/10/99 3,000 9.00
06/10/99 1,000 8.93
06/10/99 50,000 8.80
06/11/99 3,000 8.94
06/14/99 2,400 8.94
06/15/99 2,000 8.94
06/16/99 2,100 8.81
06/16/99 2,000 8.93
06/18/99 1,000 8.94
06/28/99 7,000 8.94
06/28/99 4,700 8.81
06/29/99 9,000 8.75
06/30/99 8,100 8.81
08/04/99 10,000- 9.00
08/04/99 5,000- 8.88
08/05/99 10,000 8.05
08/06/99 15,000 7.63
08/09/99 25,000 7.28
08/10/99 53,900 7.17
08/11/99 41,100 7.08
08/13/99 20,000 7.05
Signature
After reasonable inquiry and to the best of the
undersigned's knowledge and belief, the undersigned hereby
certifies that the information set forth in this statement is
true, complete and correct.
Dated: August 16, 1999
/s/ Myron M. Kaplan
MYRON M. KAPLAN
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
