SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
DETECTION SYSTEMS, INC.
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(Name of Issuer)
Common Stock, par value $0.05 per share
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(Title of Class of Securities)
250644 10 1
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(CUSIP Number)
Frank J. Ryan, Vice President
Detection Systems, Inc.
130 Perinton Parkway
Fairport, NY 14450
716-421-4225
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 17, 2000
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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 [ ].
(Continued on the following page)
(Page 1 of 2 Pages)
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).
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1. Names of Reporting Persons, I.R.S. Identification Nos. of Above Persons
(Entities only)
David B. Lederer
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2. Check the Appropriate Box if a Member of a Group*(a) [ ]
(b) [x]
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3. SEC Use Only
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4. Source of Funds
N/A
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5. Check box if disclosure of legal proceedings is required pursuant to
Item 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
shares ------------------------------------------------------------
beneficially 8. Shared Voting Power 121,037
owned by ------------------------------------------------------------
each 9. Sole Dispositive Power
reporting ------------------------------------------------------------
person with 10. Shared Dispositive Power 121,037
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11. Aggregate amount beneficially owned by each reporting person
298,502(1)
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12. Check box if the aggregate amount in row (11) excludes certain shares [x]
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13. Percent of class represented by amount in row (11) 4.4%
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14. Type of reporting person: IN.
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(Page 2 of 2 pages)
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(1) Includes 117,465 shares which may be acquired by the reporting person upon
retirement pursuant to the Company's Deferred Compensation and
Deferred Stock Bonus Plans, 40,000 shares owned by the Lederer
Family Limited Partnership, in which the reporting person and his
spouse are equal partners and 20,000 shares owned by the reporting
person's spouse.
Item 1. Security and Issuer.
Common Stock, par value $0.05 per share
Detection Systems, Inc.
130 Perinton Parkway
Fairport, NY 14450
Item 2. Identity and Background.
a. Name. David B. Lederer
b. Residence or Business Address. Detection Systems, Inc., 130 Perinton
Parkway, Fairport, NY 14450.
c. Present Principal Occupations. Executive Vice President of Detection
Systems, Inc.
d. Criminal Proceedings. None.
e. Civil Proceedings. None.
f. Citizenship. United States of America
Item 3. Source and Amount of Funds or Other Consideration. N/A
Item 4. Purpose of Transaction. Mr. Lederer donated 30,000 shares to the
Rochester Area Community Foundation ("RACF") pursuant to an agreement by
and among Mr. Lederer, Bosch Security Systems Corporation and RACF, dated
January 16, 2001, a copy of which is attached hereto as Exhibit A. On
December 22, 2001, Mr. Lederer exercised options to purchase 8,000 shares
at a price of $14.75 per share, pursuant to Detection Systems' 1997 Stock
Option Plan.
Item 5. Interest in Securities of the Issuer.
a. Aggregate Amount Beneficially Owned: 298,502 or 4.4% of class, respectively
As disclosed in the Schedule 13D/A filed by Mr. Lederer on December 13,
2000, Mr. Lederer entered into a Voting and Option Agreement, dated as of
December 10, 2000 with Karl H. Kostusiak and Robert Bosch GmbH ("Parent").
Parent subsequently assigned all of its rights and obligations under such
agreement to its wholly-owned subsidiary, Bosch Security Systems
Corporation ("Purchaser"). Due to the Voting and Option Agreement and the
subsequent transfer of shares by Mr. Lederer to RACF, Mr. Lederer may be
deemed to have formed a "group" within the meaning of Section 13(d) of the
Exchange Act with Mr. Kostusiak, Parent, Purchaser and RACF. Under Exchange
Act Rule 13d-5(b)(1), each member of such group would be deemed to
beneficially own all shares owned by each other member of such group. Thus,
each of Messrs. Kostusiak and Lederer, Parent, Purchaser and RACF may be
deemed to own 2,831,317 shares, constituting 32.7% of the outstanding
shares. Pursuant to Rule 13d-4 under the Securities Exchange Act, as
amended, Mr. Lederer hereby expressly declares that the filing of this
statement shall not be construed as an admission that he is, for the
purposes of Sections 13(d) and (g) of the Exchange Act, the beneficial
owner of any securities covered by this Schedule 13D/A, other than the
298,502 shares set forth in the first line of this Item a.
b. Number of Shares as to which such person has:
1. sole power to vote or to direct the vote:
2. shared power to vote or to direct the vote: 121,037
3. sole power to dispose or to direct the disposition of:
4. shared power to dispose or to direct the disposition of: 121,037
c. Transactions effected during the past 60 days.
Mr. Lederer donated 30,000 shares to the Rochester Area Community
Foundation ("RACF"), pursuant to an agreement by and among Mr. Lederer,
Purchaser and RACF, dated January 16, 2001, a copy of which is attached
hereto as Exhibit A. On December 22, 2000, he exercised a option for 8,000
shares at a price of $14.75 per share, pursuant to Detection Systems' 1997
Stock Option Plan.
d. Other Persons Having Right to Receive or Direct. See footnote 1 and
Item a hereof.
e. Date on Which Reporting Person Ceased to be 5% Holder. As of January
16, 2001, Mr. Lederer has ceased to benefically own 5% of Detection
Systems' shares, except as Mr. Lederer may be deemed to own shares
pursuant to Rule 13d-5(b)(1) under the Exchange Act.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
Mr. Lederer donated 30,000 shares to the RACF, pursuant to an agreement by
and among Mr. Lederer, Bosch Security Systems Corporation and RACF, dated
January 16, 2001, a copy of which is attached hereto as Exhibit A.
Item 7. Material to be Filed as Exhibits.
Exhibit A. Agreement by and among Mr. Lederer, Bosch Security
Systems Corporation and Rochester Area Community Foundation, dated
January 16, 2001.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
January 17, 2001
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(Date)
/s/ David B. Lederer
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(Signature)
David B. Lederer, Executive Vice President
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(Name/Title)
