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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
Ekco Group, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
282 636 109
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(CUSIP Number)
Robert Stein, Ekco Group, Inc., 98 Spit Brook Rd., Suite 102, Nashua, NH 03062
(603) 888-1212
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 12, 1996
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(Date of Event which Requires 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 the 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 the
disclosures provided in a prior cover page.
The information required in 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 7 pages
No Exhibit Index
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CUSIP NO. 282 636 109 13D PAGE 2 OF 7 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROBERT STEIN - Social Security No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /X/ (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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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 of America
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NUMBER OF 7 SOLE VOTING POWER 320,126
SHARES
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER 135,088
EACH
REPORTING ------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER 320,126
WITH
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10 SHARED DISPOSITIVE POWER 135,088
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
455,134
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/
Excludes 200 shares beneficially owned by the children of the reporting person, as to which the
reporting person disclaims beneficial ownership pursuant to Rule 13d-4.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.4%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 282 636 109 13D PAGE 3 OF 7 PAGES
<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ELAINE R. STEIN - Social Security No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /X/ (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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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 of America
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NUMBER OF 7 SOLE VOTING POWER 0
SHARES
BENEFICIALLY ------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER 135,088
EACH
REPORTING ------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER 0
WITH
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10 SHARED DISPOSITIVE POWER 135,088
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,088
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/
Excludes 320,126 shares which may be deemed beneficially owned by the reporting person, and 200 shares
owned by the reporting person's children, as to which the reporting person disclaims beneficial
ownership pursuant to Rule 13d-4.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.7%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
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This statement is being filed with respect to 455,134 shares of capital
stock of the Issuer, which may be deemed beneficially owned by Robert Stein and
Elaine R. Stein.
Item 1. Security and Issuer
-------------------
Title and Class of the Issuer's Equity Securities:
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No changes.
Name and Address of the Principal Executive Offices of the Issuer:
-----------------------------------------------------------------
No changes.
Item 2. Identity and Background
-----------------------
I. ROBERT STEIN
------------
No changes.
II. ELAINE R. STEIN
---------------
No changes.
Item 3. Source and Amount of Funds or Other Consideration
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(1) During 1996, Mr. Stein acquired 5,753 shares of the Issuer's
Common Stock through purchases made pursuant to the Issuer's
1984 and 1985 Restricted Stock Plans. Of such shares, until
December 1996, 4,314 were held in escrow, were subject to
repurchase by the Issuer, and were subject to certain transfer
restrictions. The source of funds for these shares was Robert
Stein's personal funds. Elaine Stein may be deemed to be the
beneficial owner of such shares;
(2) On December 4, 1996, Mr. Stein's employment with the Issuer
terminated. Under the terms of a certain severance agreement
with the Issuer, the Issuer waived its rights to repurchase
103,795 shares of Common Stock subject to restriction on
transfer and waived all restrictions on transfer thereon other
than those imposed by applicable federal and state securities
laws. In addition, all stock options were terminated except
for options to purchase 124,000 shares and 69,000 shares of
the Issuer's Common Stock pursuant to Stock Option Agreements
dated June 22, 1988 and January 18, 1990, respectively.
(3) On December 17, 1996, Robert Stein and Elain Stein each sold
14,500 shares of the Issuer's Common Stock.
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(4) 135,088 shares of Common Stock are owned jointly by Robert
Stein and Elaine R. Stein.
Item 4. Purpose of Transaction
----------------------
No change.
Item 5. Interest in Securities of the Issuer
------------------------------------
(a) Aggregate Number of Shares and Percentage
The aggregate number of shares of capital stock of the Issuer
of which Robert Stein acknowledges beneficial ownership is
455,134. Of such shares, 135,088 shares of Common Stock are
owned jointly by Robert Stein and Elaine R. Stein. Robert
Stein owns individually the remaining 320,126 shares as
follows: 2,884 shares of Common Stock and 14,265 shares of
ESOP Preferred Stock are held by the Trust of the ESOP; and
193,000 shares of Common Stock are covered by currently
exercisable stock options which are exercisable until June 4,
1997. Elaine R. Stein may be deemed to be the beneficial owner
of the foregoing 320,126 shares of capital stock of the Issuer
owned by Robert Stein. The 455,134 shares (assuming conversion
of the ESOP Preferred Stock and exercise of the options)
represent 2.4% of the outstanding shares of capital stock of
the Issuer based on Robert Stein's best knowledge and belief.
Robert Stein and Elaine R. Stein disclaim beneficial ownership
of 200 shares of Common Stock owned by their children.
(b) Voting and Dispositive Power
Robert Stein possesses sole voting power with respect to
320,126 shares of the 455,132 shares of capital stock of the
Issuer which he acknowledges beneficial ownership and sole
dispositive power with respect to 320,126 of such shares.
Robert Stein and Elaine R. Stein possess joint voting and
dispositive power with respect to the 135,088 shares of Common
Stock which they own jointly.
Neither Robert Stein nor Elaine R. Stein possess any voting or
dispositive power with respect to the 200 shares of Common
Stock owned by their children.
(c) Transactions in Securities
The following are the transactions in securities of Robert
Stein and Elaine Stein have effected since the filing of the
original Schedule:
On July 2, October 2, and December 31, 1995, Robert Stein
acquired 491,490 and 491 shares, respectively, of the
Issuer's Common Stock pursuant to the
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Issuer's 1985 Restricted Stock Plan. In addition, on June 12,
1995, Robert Stein made a gift of 3,000 shares of the Issuer's
Common Stock. Also, as of December 31, 1995, Robert Stein had
acquired shares of Preferred Stock and shares of Common Stock
pursuant to the Issuer's Empoyees' Stock Ownership Plan.
On April 1, July 1, September 30, and December 4, 1996, Robert
Stein acquired 1,438, 1,438, 1,438 and 1,439 shares,
respectively of the Issuer's Common Stock pursuant to the
Issuer's 1985 Restricted Stock Plan, On December 17, 1996,
Robert Stein and Elaine R. Stein each sold 14,500 shares of
the Issuer's Common Stock.
(d) Receipt of Proceeds
No change.
(e) Less Than Five Percent Ownership
On December 12, 1996, Robert Stein and Elaine R. Stein owned
less than 5% of the Issuer's Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with
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Respect to Securities of the Issuer
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No change.
Item 7. Material to be Filed as Exhibits
--------------------------------
None.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]
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Signatures
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After reasonably inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Date: February 11, 1997 /s/ ROBERT STEIN
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Robert Stein
Date: February 11, 1997 /s/ ELAINE R. STEIN
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Elaine R. Stein
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