UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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)
June 1, 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 927,700
Shares Bene-
ficially (8) Shared Voting Power
owned by -0-
Each Report-
ing Person (9) Sole Dispositive Power
With 927,700
(10) Shared Dispositive Power
-0-
____________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 927,700
________________________________________________________________
12) Check if the Aggregate Amount in Row (11)
N/A
________________________________________________________________
13) Percent of Class Represented by Amount in Box (11):
7.3%
________________________________________________________________
14) Type of Reporting Person
I N
Item 1. Security and Issuer.
This statement relates to the Common Stock (the
"Common Stock" or the "Shares"), of MAC-GRAY CORPORATION, a
Delaware corporation ("Company"), which has its principal
executive offices at 22 Water Street, Cambridge, Massachusetts
02141.
Item 2. Identity and Background.
This statement is being filed by Myron M. Kaplan,
("Kaplan"). Kaplan is a private investor. Kaplan's business
address is at P.O. Box 385, Leonia, NJ 07605.
Kaplan has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors), nor has he, during the last five
years, been a party to a civil proceeding of a judicial or
administrative body of a competent jurisdiction as a result of
which he was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or
finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Kaplan beneficially owns 927,700 Shares, and the total
cost is $7,885,626. The source of funds for the purchase of
all such Shares was personal funds.
Item 4. Purpose of Transaction.
Kaplan has acquired the Shares for investment
purposes, and only in the ordinary course of business.
In the ordinary course of business, Kaplan from time
to time evaluates holdings or securities, and based on such
evaluation, he may determine to acquire or dispose of securities
of specific issuers.
Kaplan has no present plans or intentions which would
result in or relate to any of the transactions described in
subparagraphs (a) through (j) of Schedule 13D.
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 927,700 Shares represents 7.3% of
the outstanding Shares.
The following table details the transactions by
Kaplan in shares of Common Stock within the 60 day period prior
to June 1, 1999 and to the date of this filing. All such
transactions were open market purchase transactions.
Date of Shares Purchased Price Per
Transaction Share
04/20/99 3,000 8.56
04/21/99 23,000 8.55
04/29/99 10,000 7.55
04/29/99 10,000 7.30
04/29/99 3,000 7.62
04/30/99 11,100 7.67
04/30/99 10,000 7.61
04/30/99 10,000 7.86
05/03/99 13,000 7.81
05/04/99 22,000 7.81
05/05/99 5,000 7.69
05/06/99 14,000 7.75
05/06/99 15,000 7.56
05/06/99 10,000 7.55
05/07/99 10,000 7.56
05/10/99 20,000 7.53
05/11/99 10,000 7.49
05/12/99 5,000 7.55
05/13/99 104,000 7.90
05/14/99 20,000 8.18
05/17/99 5,000 8.19
05/21/99 13,400 8.64
05/26/99 8,000 8.58
05/27/99 51,000 8.55
05/28/99 5,000 8.94
05/28/99 5,000 9.00
05/28/99 123,000 8.78
06/01/99 20,000 9.00
06/01/99 4,000 8.93
06/01/99 75,000 9.01
06/02/99 4,000 8.94
06/03/99 6,100 8.92
06/04/99 10,000 8.93
06/07/99 40,000 8.85
06/08/99 30,000 8.82
06/09/99 140,100 8.82
Item 6. Contracts, Arrangements, Understandings or Relation-
ships with Respect to Securities of the Issuer.
Except as described above, there are no contracts,
arrangements, understandings or relationships (legal or
otherwise) between Kaplan and any other person with respect to
any securities of the Company, including but not limited to
transfer or voting of any other securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees
of profits, divisions of profits or loss, or the giving or
withholding of proxies.
Item 7. Material to be Filed as Exhibits.
There is no material to be filed as Exhibits.
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: June 10, 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).
