SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No.___________)*
Engex, Inc.
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(Name of Issuer)
Common Stock, $.10 par value
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(Title of Class of Securities)
292851102
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(CUSIP Number)
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).
Page 1 of 7 pages
<PAGE>
CUSIP No. 292851102 13G Page 2 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kinder Investments, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 66,800
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
66,800
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,800
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 292851102 13G Page 3 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peyser Associates, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 66,800
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
66,800
- ----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,800
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO.
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 292851102 13G Page 4 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Brian A. Wasserman
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 66,800
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 66,800
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,800
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 5 of 7 pages
Item 1.
(a) Name of Issuer:
Engex, Inc.
(b) Address of Issuer's Principal Executive Offices:
44 Wall Street
New York, New York 10005
Item 2.
(a) Name of Person Filing:
Kinder Investments, L.P. ("Kinder Investments"); Peyser
Associates, LLC ("Peyser"), the general partner of Kinder
Investments; and Brian A. Wasserman ("Wasserman"), the managing
member of Peyser (together, the "Reporting Parties"). See
attached Exhibit A which is their agreement to file this Schedule
on behalf of each of them.
(b) Address of Principal Business Office or, if None, Residence:
The Reporting Parties' business address is 1500 Hempstead
Turnpike, East Meadow, New York 11554.
(c) Citizen:
Kinder Investments is a New York partnership, Peyser is a New
York corporation, and Wasserman is a citizen of the United
States.
(d) Title of Class of Securities:
Common Stock, $.10 par value ("shares").
(e) CUSIP#:
292851102
Item 4. Ownership:
(a)(b) As of April 9, 1998, the Reporting Parties may be deemed to
beneficially own 66,800 shares or 6.8% of the Issuer's shares
owned directly by Kinder Investments (1).
(c) Wasserman, as the managing member of Peyser, has sole voting and
dispositive control of shares owned by Kinder Investments.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
Not applicable
__________________________________________________________________________
(1) Not included are (i) 53,300 shares owned by a limited partnership, some of
whose limited partners are limited partners of Kinder Investments; (ii)
7,600 shares owned by a limited partnership, some of whose limited partners
are limited partners of Kinder Investments; (iii) an aggregate of 35,583
shares owned by Ruki Renov, either directly by her, held in custodial
accounts under the Uniform Gift to Minors Act (UGMA), or held in family
partnerships; (iv) an aggregate of 4,310 shares owned by Esti Stahler in
custodial accounts under the Uniform Gift to Minors Act (UGMA) and in a
family partnership. Ms. Renov and Ms. Stahler are limited partners of
Kinder Investments, and they are children of J. Morton Davis, who is the
Chairman, President, and investment advisor of the Issuer, and may also be
deemed to beneficially own 34.2% of the Issuer.
<PAGE>
Page 6 of 7 pages
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification:
By signing below we certify that to the best of our knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as participant in any
transaction having such purpose of effect.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
Reporting Persons, each such person or entity certifies that the information set
forth in this statement is true, complete and correct.
Kinder Investments, L.P.
/s/ Brian A. Wasserman
Dated: April 13, 1998 By:________________________________
New York, New York Brian A. Wasserman
Managing Member
Peyser Associates, LLC
Peyser Associates, LLC
/s/ Brian A. Wasserman
Dated: April 13, 1998 By:_________________________________
New York, New York Brian A. Wasserman
Managing Member
/s/ Brian A. Wasserman
Dated: April 13, 1998 _________________________________
Brian A. Wasserman
Page 7 of 7 pages
EXHIBIT A
AGREEMENT
JOINT FILING OF SCHEDULE 13G
The Undersigned hereby agree to jointly prepare and file with regulatory
authorities a Schedule 13G and any future amendments thereto reporting each of
the undersigned's ownership of securities of Engex, Inc. and hereby affirm that
such Schedule 13G is being filed on behalf of each of the undersigned.
Kinder Investments, L.P.
/s/ Brian A. Wasserman
Dated: April 13, 1998 By:________________________________
New York, New York Brian A. Wasserman
Managing Member
Peyser Associates, LLC
Peyser Associates, LLC
/s/ Brian A. Wasserman
Dated: April 13, 1998 By:_________________________________
New York, New York Brian A. Wasserman
Managing Member
/s/ Brian A. Wasserman
Dated: April 13, 1998 _________________________________
Brian A. Wasserman
