SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.__7__)
Xplor Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
984127100
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(CUSIP Number)
Nadine Shaoul, D.H. Blair Investment Banking Corp.
44 Wall Street, New York, NY 10005 (212) 495-4163
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 1, 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 [ ].
Check the following box if a fee is being paid with this statement [ ].(A fee
is not required only if the reporting 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.)
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 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 8 pages
<PAGE>
CUSIP No. 984127100 13D Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. Morton Davis
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
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
SHARES 796,307
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 35,840
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 796,307
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
35,840
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,066,512
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
X
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 984127100 13D Page 3 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D.H. Blair Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
X
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 984127100 13D Page 4 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D.H. Blair Investment Banking Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 796,307
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
796,307
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
796,307
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
X
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 984127100 13D Page 5 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rosalind Davidowitz
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
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
SHARES 234,365
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 35,840
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 234,365
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
35,840
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,205
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
X
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 984127100 13D Page 6 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rivkalex Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 163,411
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
163,411
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,411
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
X
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO.
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 7 of 8 Pages
J. Morton Davis, D.H. Blair Holdings, Inc. ("Blair Holdings"),
D.H. Blair Investment Banking Corp. ("Blair Investment"), Rosalind
Davidowitz, and Rivkalex Corporation ("Rivkalex"), (collectively, the
"Reporting Parties") hereby amend the following Items in their
statement on Schedule 13D relating to the common stock, $.01 par value
("shares") of Xplor Corporation (the "Issuer") as follows:
Item 2. (c) is hereby amended in its entirety as follows:
Mr. Davis is an investment Banker and sole shareholder of Blair
Investment, a broker-dealer registered under the Securities
Exchange Act of 1934. Prior to May 1, 1996, Blair Holdings was
solely owned by Mr. Davis, and Blair Investment was a wholly-owned
subsidiary of Blair Holdings. As of May 1, 1996, Blair Holdings
merged into Blair Investment, with Blair Investment being the
surviving corporation.
Rivkalex (4) Corporation is a privately-held New York Corporation
formed to invest in, hold, and sell securities of other companies.
It is owned by Rosalind Davidowitz, Mr. Davis' wife, who is
President.
Item 3. is hereby amended by adding the following new paragraph thereto:
Since the previously filed Schedule 13D, Amendment No. 6,
Rosalind Davidowitz used her personal funds to purchase an additional
3,600 shares at a total purchase price of $8,159.25; and Blair
Investment used its general funds to purchase an additional 3,600
shares at a total purchase price of $9,000.00.
Item 4. is hereby partially amended by adding the following sentence at the
beginning of Item 4.:
This Amendment is filed solely to report that Blair Holdings has
ceased to be a beneficial owner of more than five percent of the
Issuer's securities as a result of its merger into its subsidiary,
Blair Investment.
Item 5. (a) is hereby amended in its entirety as follows:
As of May 1, 1996, Mr. Davis may be deemed to beneficially own
1,066,512 shares (4)(5) or 51.6% of the Issuer's shares as follows:
(i) 766,307 shares owned by Blair Investment, (ii) warrants to
purchase 10,000 shares at $2.125 per share expiring June 10, 1997
owned by Blair Investment, (iii) warrants to purchase 20,000
shares at $3.29 per share expiring September 1, 1999 owned by Blair
Investment, (iv) 163,411 shares owned by Rivkalex, (v) 70,954
shares owned by Rosalind Davidowitz, and (vi) 35,840 shares owned by
Parliament Hill Corporation (6).
As of May 1, 1996, Blair Investment may be deemed to beneficially
own 796,307 shares or 38.5% of the Issuer's shares, as indicated
in (i) - (iii) above, and Blair Holdings is no longer a beneficial
owner of any of the Issuer's shares.
As of May 1, 1996, Rosalind Davidowitz may be deemed to
beneficially own 270,205 shares or 13.3% of the Issuer's shares as
indicated in (iv) - (vi) above.
As of May 1, 1996, Rivkalex may be deemed to beneficially own
163,411 shares or 8.0% of the Issuer's shares as indicated in (iv)
above.
_______________________________________________________________________________
(4) Although Mr. Davis is including securities owned by Rosalind
Davidowitz and Rivkalex in the aggregate amount of shares owned by him,
filing of this statement shall not be deemed an admission by J. Morton
Davis that he beneficially owns the securities attributed to Rosalind
Davidowitz or Rivkalex for any purpose. J. Morton Davis expressly disclaims
beneficial ownership of all securities held by Rosalind Davidowitz and
Rivkalex.
(5) Not included herein are 3,000 shares and a warrant to purchase
500,000 shares owned by Kinder Investments, L.P. ("Kinder"). Kenton E.
Wood, the general partner of Kinder, is the Chairman and Chief Executive
Officer of D.H. Blair & Co., Inc. ("Blair") and a stockholder and director of
Blair. Certain limited partners of Kinder are also stockholders of Blair. The
limited partners of Kinder are the children and grandchildren of Mr. Davis
and Ms. Davidowitz. Mr. Davis, Ms. Davidowitz, Rivkalex, Blair Holdings, and
Blair Investment disclaim for purposes of Section 13 or otherwise beneficial
ownership of any Xplor Corporation shares owned by Kinder or Blair. Kinder
disclaims for purposes of Section 13 or otherwise ownership of any Xplor
Corporation shares owned by Blair, Blair Holdings, Blair Investment, Mr.
Davis, Ms. Davidowitz, or Rivkalex.
(6) Parliament Hill Corporation is a private corporation of which
Rosalind Davidowitz beneficially owns approximately 72.6% and Blair Holdings
beneficially owns approximately 13.4%.
<PAGE>
Page 8 of 8 pages
Item 5.(c) is hereby amended by adding the following paragraphs:
Since the previously filed Schedule 13D, Amendment No. 6, the
following open-market purchases were made: (i) on April 1, 1996,
Rosalind Davidowitz purchased 3,600 shares at $2.27 per share, and
(ii) on April 2, 1996, Blair Investment purchased 3,600 shares
at $2.50 per share.
As of May 1, 1996, Blair Holdings was merged into its subsidiary,
Blair Investment, and is no longer in existence.
No transactions were made by any of the other Reporting Parties
in the previous sixty days.
Item 5. (e) is hereby amended by adding the following paragraph thereto:
On May 1, 1996, Blair Holdings ceased to be a beneficial owner of
more than five percent of the Issuer's securities.
SIGNATURES
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After reasonable inquiry and to the best of my knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
/s/ J. Morton Davis
Date: May 3, 1996 _____________________________
New York, New York J. Morton Davis
/s/ Rosalind Davidowitz
Date: May 3, 1996 _____________________________
New York, New York Rosalind Davidowitz
RIVKALEX CORPORATION
/s/ Rosalind Davidowitz
Date: May 3, 1996 By:_____________________________
New York, New York Rosalind Davidowitz
D.H. BLAIR HOLDINGS, INC.
/s/ David Nachamie
Date: May 3, 1996 By:_____________________________
New York, New York David Nachamie
Treasurer
D.H. BLAIR INVESTMENT BANKING CORP.
/s/ David Nachamie
Date: May 3, 1996 By:_____________________________
New York, New York David Nachamie
Treasurer
