<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
HYDRON TECHNOLOGIES, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
449020-10-6000
------------------------------
(CUSIP Number)
Richard Banakus Jeffrey R. Mann, Esq.
82 Verissimo Drive Rubin Baum Levin Constant & Friedman
Novato, California 94947 30 Rockefeller Plaza, 29th Floor
(415) 897-9167 New York, New York 10112
(212) 698-7700
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 14, 1997
- -------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
In 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 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).
Exhibit Index is on page 17
Page 1 of 21
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SCHEDULE 13D
- --------------------------- ----------------------
CUSIP NO. 449020-10-6000 PAGE 2 OF 21 PAGES
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
RICHARD BANAKUS (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 1,520,000
SHARES
---------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 0
EACH ---------------------------------------------------------
REPORTING
9 SOLE DISPOSITIVE POWER 1,520,000
PERSON
WITH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,520,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 2 of 21
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SCHEDULE 13D
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CUSIP NO. 449020-10-6000 PAGE 3 OF 21 PAGES
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
HUGUES LAMOTTE (SOCIAL SECURITY NO. N/A)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
FRANCE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 420,000
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 420,000
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
420,000 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 3 of 21
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SCHEDULE 13D
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CUSIP NO. 449020-10-6000 PAGE 4 OF 21 PAGES
- --------------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
DONALD BAKALOR (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 364,850
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 364,850
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
364,850 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 4 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP NO. 449020-10-6000 PAGE 5 OF 21 PAGES
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ODDVIN LOKKEN (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 68,595
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 68,595
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,595 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 5 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP NO. 449020-10-6000 PAGE 6 OF 21 PAGES
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ETIENNE DES ROYS (SOCIAL SECURITY NO. N/A)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
FRANCE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 58,000
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 58,000
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,000 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 6 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP NO. 449020-10-6000 PAGE 7 OF 21 PAGES
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
JEAN-FRANCOIS VERT (SOCIAL SECURITY NO. N/A)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
FRANCE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 85,000
SHARES --------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
--------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 85,000
PERSON --------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,000 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 7 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- -----------------------
CUSIP NO. 449020-10-6000 PAGE 8 OF 21 PAGES
- --------------------------- -----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
IRA ALPERT (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 95,000
SHARES --------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
--------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 95,000
PERSON --------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
95,000 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 8 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- -----------------------
CUSIP NO. 449020-10-6000 PAGE 9 OF 21 PAGES
- --------------------------- -----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
PER K. REICHBORN (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
NORWAY
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 404,930
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 404,930
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,930 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 9 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- -----------------------
CUSIP NO. 449020-10-6000 PAGE 10 OF 21 PAGES
- --------------------------- -----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
DAVID BAKER (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 100,000
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 100,000
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 10 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP NO. 449020-10-6000 PAGE 11 OF 21 PAGES
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
BERNARD D. GOLD (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 146,466
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 146,466
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
146,466 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 11 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- ----------------------
CUSIP NO. 449020-10-6000 PAGE 12 OF 21 PAGES
- --------------------------- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
CHARLES JOHNSTON (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 400,000
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 400,000
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,000 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
Page 12 of 21
<PAGE>
SCHEDULE 13D
- --------------------------- ------------------------
CUSIP NO. 449020-10-6000 PAGE 13 OF 21 PAGES
- --------------------------- ------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
KAREN A. GRAY (SOCIAL SECURITY NO. ###-##-####)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) /X/
- --------------------------------------------------------------------------------
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
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 75,000(1)
SHARES ---------------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER 0
OWNED BY
---------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER 75,000(1)
PERSON ---------------------------------------------------------
WITH
10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,000 SHARES (1)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*[GRAP
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
(1) Includes 50,000 shares of Common Stock issuable upon the exercise of an
option currently exercisable with an exercise price per share equal to
$2.50 and 10,000 shares of Common Stock issuable upon the exercise of an
option currently exercisable with an exercise price per share equal to
$2.285.
Page 13 of 21
<PAGE>
This Amendment No. 2 to the Statement on Schedule 13D amends and
supplements the Statement on Schedule 13D relating to the event date of May 27,
1997 (the "May 27 Schedule 13D"), filed by (a) Richard Banakus ("BANAKUS"); (b)
Hugues M. Lamotte ("LAMOTTE"); (c) Donald Bakalor ("BAKALOR"); (d) Oddvin Lokken
("LOKKEN"); (e) Etienne des Roys ("DES ROYS"); (f) Jean-Francois Vert ("VERT");
(g) Ira Alpert ("ALPERT"); (h) Per K. Reichborn ("REICHBORN"); (i) David Baker
("BAKER") and (j) Bernard D. Gold ("GOLD"), and the Statement on Schedule 13D
relating to the event date of July 28, 1997 (the "July 28 Schedule 13D"), filed
by Banakus, Lamotte, Bakalor, Etienne des Roys, Vert, Alpert, Reichborn, Baker,
Gold, Charles Johnston ("JOHNSTON") and Karen A. Gray ("GRAY" and, collectively
with Banakus, Lamotte, Bakalor, Lokken, des Roys, Vert, Alpert, Reichborn and
Baker, Gold and Johnston, the "REPORTING PERSONS"), each Schedule 13D relating
to the Common Stock, $.01 par value per share (the "Common Stock") of Hydron
Technologies, Inc. (the "Issuer"). Capitalized terms used herein and not defined
herein shall have the meanings assigned thereto in the May 27 Schedule 13D and
the July 28 Schedule 13D.
ITEM 4. PURPOSE OF THE TRANSACTION.
In May 1997, Banakus, Lamotte, Bakalor, Etienne des Roys, Vert, Alpert,
Reichborn, Baker and Gold (collectively, the "Original Group Members") formed a
group because some or all of the Original Group Members intended to pursue
discussions with the Issuer's management to consider various possible actions
with
Page 14 of 21
<PAGE>
respect to the Issuer that might maximize value for the Issuer's shareholders,
including, without limitation, the replacement of certain senior executive
officers and directors of the Issuer and restrictions on the payment of
executive compensation and the payment of dividends. In addition, the Original
Group Members indicated that they might consider the solicitation of proxies
from other shareholders of the Issuer to be used at the Issuer's 1997 Annual
Meeting of Shareholders originally scheduled to be held on or about August 20,
1997 (the "1997 Annual Meeting").
In July 1997, Johnston and Gray joined the Original Group Members. By
letter dated July 14, 1997, the Reporting Persons requested a shareholder list
of the Issuer and other related documents for the purpose of such solicitation.
On July 22, 1997, counsel for the Reporting Persons met with regular counsel for
the Issuer and special counsel retained by the Issuer at which time a proposal
was made by the Issuer to adjourn the 1997 Annual Meeting, subject to the
agreement of the Reporting Persons to withdraw their demand for the shareholder
list and related documents. Pursuant to an agreement, dated July 28, 1997 (the
"Agreement"), a copy of which was attached to the July 28 Schedule 13D, the
Reporting Persons agreed to withdraw their demand that the shareholder list and
certain other records of the Issuer be made available to them and further agreed
that prior to August 15, 1997, the Reporting Persons would not make any demand
on the Issuer for any list of shareholders or related materials, or for any
other documents previously sought by the Reporting Persons. In addition,
Page 15 of 21
<PAGE>
pursuant to the Agreement, the Issuer agreed not to hold the 1997 Annual
Meeting, or any other meeting of shareholders at which directors may be elected,
prior to October 1, 1997. The Issuer also agreed to notify the Reporting Persons
on or before August 20, 1997 of the date on which the 1997 Annual Meeting would
be held, which date would not be prior to October 1, 1997 nor later than
December 19, 1997. The Issuer further agreed to furnish such documents as it
would be required to provide to the Reporting Persons should the Reporting
Persons make a proper request for such documents on or after August 15, 1997.
On September 19, 1997, the Board of Directors (the "Board") of the
Issuer terminated the employment of its Chief Executive Officer, President and
Treasurer, Harvey Tauman. The Board elected Banakus to replace Mr. Tauman as
President on an interim basis.
On September 19, 1997, the Board also voted to suspend the payment of
quarterly dividends for the remainder of the 1997 fiscal year in order to
preserve the Issuer's cash resources for current operations. The Board also
canceled the Issuer's stock repurchase plan which had previously been adopted
and pursuant to which 251,000 shares had been acquired of the 1,000,000 shares
originally authorized for repurchase under such plan.
The Board voted on September 29, 1997 to authorize the reimbursement by
the Issuer of the reasonable costs and expenses of the Reporting Persons
identified in the July 28 Schedule 13D in connection with the preparation and
filing of the such Schedule
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<PAGE>
13D, as amended, and the actions taken by such Reporting Persons relating to the
matters set forth therein.
As a result of having accomplished their desired results, as of
September 19, 1997, the Reporting Persons were no longer acting together as a
group for the purpose of voting equity securities of the Issuer.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
(a) EXHIBIT 1: Joint statement on Schedule 13D as required by Rule
13d-1(f)(1)(iii) under the Securities Exchange Act of 1934, as amended.
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<PAGE>
SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 14, 1997
/s/ Richard Banakus
---------------------------------
Richard Banakus
/s/ Hugues Lamotte
---------------------------------
Hugues Lamotte
/s/ Donald Bakalor
---------------------------------
Donald Bakalor
/s/ Oddvin Lokken
---------------------------------
Oddvin Lokken
/s/ Etienne Des Roys
---------------------------------
Etienne des Roys
/s/ Jean-francois Vert
---------------------------------
Jean-Francois Vert
/s/ Ira Alpert
---------------------------------
Ira Alpert
/s/ Per K. Reichborn
---------------------------------
Per K. Reichborn
/s/ David Baker
---------------------------------
David Baker
Page 18 of 21
<PAGE>
/s/ Bernard D. Gold
---------------------------------
Bernard D. Gold
/s/ Charles Johnston
---------------------------------
Charles Johnston
/s/ Karen A. Gray
---------------------------------
Karen A. Gray
Page 19 of 21
<PAGE>
JOINT FILING STATEMENT
PURSUANT TO RULE 13D-1(F)(1)(III)
---------------------------------
The undersigned acknowledge and agree that the foregoing Statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this Statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing statements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning him or it contained therein, but shall not be
responsible for the completeness and accuracy of the information concerning the
other, except to the extent that he, she or it knows or has reason to believe
that such information is inaccurate.
Dated: November 14, 1997
/s/ Richard Banakus
---------------------------------
Richard Banakus
/s/ Hugues Lamotte
---------------------------------
Hugues Lamotte
/s/ Donald Bakalor
---------------------------------
Donald Bakalor
/s/ Oddvin Lokken
---------------------------------
Oddvin Lokken
/s/ Etienne Des Roys
---------------------------------
Etienne des Roys
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<PAGE>
/s/ Jean-francois Vert
---------------------------------
Jean-Francois Vert
/s/ Ira Alpert
---------------------------------
Ira Alpert
/s/ Per K. Reichborn
---------------------------------
Per K. Reichborn
/s/ David Baker
---------------------------------
David Baker
/s/ Bernard D. Gold
---------------------------------
Bernard D. Gold
/s/ Charles Johnston
---------------------------------
Charles Johnston
/s/ Karen A. Gray
---------------------------------
Karen A. Gray
Page 21 of 21
