UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. One)*
Daniel Green Company
(Name of Issuer)
Common Stock
(Title of Class of Securities)
392775102
(CUSIP Number)
James R. Riedman
President
Riedman Corporation
45 East Avenue
Rochester, New York 14604
(716) 232-4424
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Voluntary filing to reflect purchases in November, 1996
(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 / /.
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7).
*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).
(Continued on the following page(s))
Page 1 of 6 Pages
<PAGE>
CUSIP No. 392775102 Page 2 of 6 Pages
___________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Riedman Corporation
16-0807638
___________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a) /X/
(b) / /
___________________________________________________________________________
(3) SEC USE ONLY
___________________________________________________________________________
(4) SOURCE OF FUNDS
WC
___________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
___________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
___________________________________________________________________________
(7) SOLE VOTING POWER
476,355
________________________________________________
NUMBER OF SHARES (8) SHARED VOTING POWER
BENEFICIALLY OWNED BY
EACH REPORTING PERSON ________________________________________________
WITH (9) SOLE DISPOSITIVE POWER
476,355
________________________________________________
(10) SHARED DISPOSITIVE POWER
___________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
476,355
___________________________________________________________________________
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) / /
___________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.5%
___________________________________________________________________________
(14) TYPE OF REPORTING PERSON (See Instructions)
CO
___________________________________________________________________________
<PAGE>
CUSIP No. 392775102 Page 3 of 6 Pages
___________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James R. Riedman
###-##-####
___________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) /X/
(b) / /
___________________________________________________________________________
(3) SEC USE ONLY
___________________________________________________________________________
(4) SOURCE OF FUNDS
PF
___________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
___________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
___________________________________________________________________________
(7) SOLE VOTING POWER
16,200
________________________________________________
NUMBER OF SHARES (8) SHARED VOTING POWER
BENEFICIALLY OWNED BY
EACH REPORTING PERSON ________________________________________________
WITH (9) SOLE DISPOSITIVE POWER
16,200
________________________________________________
(10) SHARED DISPOSITIVE POWER
___________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,200
___________________________________________________________________________
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) / /
___________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.07%
___________________________________________________________________________
(14) TYPE OF REPORTING PERSON (See Instructions)
IN
___________________________________________________________________________
<PAGE>
CUSIP No. 392775102 Page 4 of 6 Pages
Item 1. Security and Issuer.
This Schedule relates to shares of the Common Stock, par value $2.50
per share ("Common Stock") of Daniel Green Company (the "Issuer"). The
Issuer's principal executive office is located at One Main Street,
Dolgeville, New York 13329.
Item 2. Identity and Background.
This statement is submitted by Riedman Corporation, a corporation
organized under the laws of the State of New York. Riedman Corporation's
principal business is insurance brokerage and its principal business and
office address is 45 East Avenue, Rochester, New York 14604. Riedman
Corporation has not, during the last five years, been convicted in a
criminal proceeding and has not, during the last five years, been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which it is or was 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.
Listed below are the names, business addresses and occupational
information for: (a) each executive officer and director of Riedman
Corporation, (b) each person controlling Riedman Corporation, and (c) each
executive officer and director of any corporation or other person
ultimately in control of Riedman Corporation. To the best of the knowledge
of Riedman Corporation, each of the following individuals has not, during
the last five years, been convicted in a criminal proceeding and has not,
during the last five years, been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result of
which it is or was 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.
John R. Riedman
45 East Avenue
Rochester, New York 14604
Chairman, Chief Executive Officer, Treasurer, Director and
Controlling Person of Riedman Corporation, whose principal business
and address is set forth above.
James R. Riedman
45 East Avenue
Rochester, New York 14604
President and Director of Riedman Corporation, whose principal
business and address is set forth above.
Janet H. Ruff
45 East Avenue
Rochester, New York 14604
Secretary and Director of Riedman Corporation, whose principal
business and address is set forth above.
<PAGE>
CUSIP No. 392775102 Page 5 of 6 Pages
Geoffrey Weaver
45 East Avenue
Rochester, New York 14604
Chief Financial Officer of Riedman Corporation,
whose principal business and address is set forth above.
This statement is also submitted by James R. Riedman, the required
information for whom is set forth above.
Item 3. Source and Amount of Funds or Other Consideration
Between October, 1992 and August, 1993, Riedman Corporation
purchased an aggregate of 33,000 shares of Common Stock at prices ranging
from $3.75 to $5.50 per share for an aggregate consideration of $154,893.
On June 26, 1996, Riedman Corporation purchased an additional 475,000
newly-issued shares of Common Stock for $3.16 per share for an aggregate
consideration of $1,500,000. Riedman Corporation immediately resold 31,645
of such shares to Warren J. Reardon, III, the President of the Issuer, for
$3.16 per share for an aggregate consideration of $100,000. James R.
Riedman purchased 1,000 shares of Common Stock in October, 1992 for $3.75
per share for an aggregate consideration of $3,750. James R. Riedman
purchased 7,500 shares of Common Stock on November 26, 1996 for $3.25 per
shares for an aggregate consideration of $24,375. In May, 1993, John Riedman
gifted 1,000 shares of Common Stock to two of James R. Riedman's minor
children. On November 4, 1996 John Riedman purchased 5,700 shares of Common
Stock for $3.25 per share for an aggregate consideration of $18,525 and
immediately gifted such shares to three of James R. Riedman's minor children.
All shares of James R. Riedman's minor children are registered in his name as
custodian under the Uniform Gifts to Minors Act. The source of funds for
Riedman Corporation's purchases was working capital, and the sources of funds
for James R. Riedman's and John Riedman's purchases were their personal
funds.
Item 4. Purpose of the Transaction
The recent acquisitions of Common Stock by James R. Riedman and
John Riedman for the children of James R. Riedman were made because Messrs.
Riedman believe the Common Stock is a good investment. The purpose of the
acquisitions was not to influence the control of the Issuer.
Item 5. Interest in Securities of the Issuer
(a) Riedman Corporation beneficially owns 476,355 shares of Common
Stock, representing 31.5% of the issued and outstanding shares of Common
Stock. James R. Riedman beneficially owns 16,200 shares of Common Stock,
representing 1.07% of the issued and outstanding shares of Common Stock.
(b) Riedman Corporation has the sole power to vote and sole power
to dispose of 476,355 shares of Common Stock, and James R. Riedman has the
sole power to vote and sole power to dispose of 16,200 shares of Common
Stock.
(c) See Item 3 for a description of all transactions in the Common
Stock within the last 60 days.
<PAGE>
CUSIP No. 392775102 Page 6 of 6 Pages
(d) None.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
None.
Item 7. Material to Be Filed as Exhibits
Exhibit 99-1 - Joint Filing Agreement.
Signature
After reasonable inquiry and to the best of the undersigned's
knowledge and belief the undersigned certify that the information set forth
in this statement is true, complete and correct.
December 6, 1996 RIEDMAN CORPORATION
By:/s/ James R. Riedman
James R. Riedman, President
December 6, 1996 /s/ James R. Riedman
James R. Riedman
<PAGE>
AGREEMENT PURSUANT TO RULE 13D-1(F)(1)
The undersigned persons agree and consent to the joint filing on
their behalf of this Schedule 13D in connection with their beneficial
ownership of the common stock of Daniel Green Company at November 30, 1996
and agree that this filing is filed on behalf of each of them.
December 6, 1996 RIEDMAN CORPORATION
By: /s/ James R. Riedman
James R. Riedman, President
December 6, 1996 /s/ James R. Riedman
James R. Riedman
