SCHEDULE 13D
REQUIREMENTS OF THE 1934 ACT
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1)*
CutCo Industries, Inc.
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(Name of Issuer)
COMMON STOCK
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(Title of Classes of Securities)
232108100
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(CUSIP Number)
Marvin Marcus, Cutco Industries, Inc.
6900 Jerico Turnpike
Syosset, NY 11791
(561) 677-0319
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(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 30, 1999
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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 [ ].
*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.
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<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).
<TABLE>
<CAPTION>
<S> <C>
CUSIP No. 232108100
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(1) NAME OF REPORTING PERSONS. S.S. or
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(Entities Only)
Dr. George Crane
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ ]
N/A
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
N/A
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(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
NA
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF SHARES (7) SOLE VOTING POWER 8,000
BENEFICIALLY OWNED --------------------------------------------------------------
BY EACH REPORTING
PERSON WITH: (8) SHARED VOTING POWER -0-
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(9) SOLE DISPOSITIVE POWER 8,000
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(10) SHARED DISPOSITIVE POWER -0-
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(11) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 8,000
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
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SHARES* [ ]
- ----------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
.94%
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(14) Type of Reporting Person* IN
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</TABLE>
* SEE INSTRUCTIONS
Item 1. Security and Issuer
Common Stock
CutCo Industries, Inc.
6900 Jerico Turnpike
Syossett, NY 11791
Item 2. Identity and Background
(a) Dr. George Crane
(b) 3801 NE 207th Street, Apr. 2001
Aventura Florida 33180-3797
Social Security Number - Not Provided
(c) Physician
(d) Not Applicable
(e) Not Applicable
(f) USA
Item 3. Source and Amount of Funds or Other Consideration
AMOUNT PURCHASED PURCHASE DATE SOURCE
- ---------------- ------------- ------
N/A *Transaction not for the sale of issuers securities.
Item 4. Purpose of Transaction
Disposition of Securities of Issuer
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<PAGE>
Item 5. Interest in Securities of the Issuer:
(a) Number of Shares beneficially owned
8,000 shares of common stock
.94%
(b) Sole Power to Vote or to Direct the Vote
8,000
(c) Reporting Person sold 70,000 shares of the Issuers Securities on
September 30, 1999.
(d) Not Applicable.
(e) On September 30, 1999 reporting person ceased to be the beneficial
owner of more than five percent of the Issuers securities.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None
Item 7. Material to be Filed as Exhibits
None
After reasonable inquiry and to the best of the knowledge and belief of each of
the undersigned, each of the undersigned certifies that the information set
forth on this statement is true, complete and correct.
OCTOBER 5, 1999
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(Date)
Dr. George Crane
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(Signature)
Dr. George Crane
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(Name/Title)
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