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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
BUFFTON CORPORATION
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(Name of Issuer)
COMMON STOCK, $.05 par value
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(Title of Class of Securities)
119885200
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(CUSIP Number)
Andrew C. Culbert, Esquire
Masterman, Culbert & Tully
One Lewis Wharf
Boston, MA 02110
(617) 227-8010
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 29, 1997
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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 the
statement [_].
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SCHEDULE 13-D
1. Name of Reporting persons:
Jean-Claude Mathot - SS No. or IRS Identification No. of above person.
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2. Check the Appropriate Box if a Member of a Group
(a) ________
(b) *
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* Messrs Tremain and Mathot had originally filed jointly on April 24,
1997 solely because each had entered into an agreement with Issuer,
following joint negotiations with the Issuer, which resulted in the
acquisition of the Common Stock which is the subject of the
original filing. (See Item 5(a) in the Statement on Schedule 13D
for Jean-Claude Mathot as amended.)
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3. SEC Use Only
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4. Source of Funds
SC,PF
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5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
______
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6. Citizenship of Place of Organization
Mr. Mathot is a citizen of the United States of America.
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7. Sole Voting Power
Number of
Shares 399,500
Owned --------------------------------------------------------------
By Each 8. Shared Voting Power
Reporting
Person -0-
With
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9. Sole Dispositive Power
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399,500
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10. Shared Dispositive Power
-0-
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11. Aggregate Amount Beneficially owned by Reporting Persons
149,500 Actual Ownership
250,000 Stock Option
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399,500
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12. Check Box if the Aggregate Amount of (11) Excludes ______ Certain
Shares
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13. Percent of Class Represented by Amount of Row (11)
5.02% (fully diluted), based on 7,713,928 Shares outstanding as
of April 11, 1997, plus the 250,000 shares represented by the
Stock Option currently exercisable by Mr. Mathot.
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14. Type of Reporting Person
IN
CUSIP No. 119885200
STATEMENT FOR SCHEDULE 13D
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This statement amends and supplements the Statement on Schedule 13D
filed with the Securities and Exchange Commission by Mr. Alan Tremain and Mr.
Jean-Claude Mathot on April 24, 1997, in connection with their ownership of
shares of Common Stock, $.05 par value, of Buffton Corporation, a Delaware
Corporation.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2(a) is supplemented as follows:
(a) The reporting person for this Amendment is Jean-Claude Mathot.
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3. is amended to add the following:
On April 29, 1997, Mr. Mathot purchased in the market an additional
14,500 shares of the Issuer's Common Stock at $2.625 per share, for the purchase
of which he used his personal funds.
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ITEM 4. PURPOSE OF TRANSACTION.
Item 4.(a) is amended by adding the following:
Mr. Mathot is required to acquire only 70,500 shares pusuant to the
Stock Agreement commitment as he has acquired an additional 14,500 shares on
April 29, 1997 in the market.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5(a) is amended and supplemented as follows:
Mr. Mathot had originally filed jointly on a Schedule 13D on April 24, 1997
with Mr. Alan Tremain as they had each acquired their initial shares of the
Issuer's Common Stock (except for Mr. Mathot who already had 15,000 shares)
through the transaction described in the original joint filing on Schedule 13D.
Mr. Mathot disclaims being a memeber of a group and is herewith reporting
separately as to his interest in the securities of the Issuer. Upon inquiry by
Mr. Mathot, Mr. Tremain's position has not changed as to his beneficial
ownership in the shares of Common Stock of the Issuer, and he agrees with Mr.
Mathot's conclusion that they are not members of a group. Mr. Mathot, with the
addition of the 14,500 shares which he purchased in the market on April 29,
1997, now owns, or has the right to own, in the aggregate 399,500 shares of
Common Stock, or approximatley 5.02% of the issued and outstanding shares of the
Common Stock of the Issuer as of April 11, 1997, if the 250,000 shares of Common
Stock which would have been issued on exercise of his Stock Options are
included in the calculation of the outstanding shares.
Item 5(b) is amended by adding the following:
As of April 29, 1997, Mr. Mathot has the sole power to vote or direct the
vote of 149,500 shares of the Issuers' Common Stock, or 399,500 shares on a
fully diluted basis upon the exercise of his Stock Option, and the sole power to
dispose or direct the disposition of 399,500 shares of the Issuers' Common Stock
on a fully diluted basis, subject to the Stock Option Agreement filed as Exhibit
2B to the orginal filing on Schedule 13D and hereby incorporated herein by
reference and as further limited by the Employment Agreement attached as Exhibit
3B to the original filing on Schedule 13D and as further described therein and
hereby incorporated herein by reference.
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SIGNATURES
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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.
Dated: May 12, 1997
/s/ Jean-Claude Mathtot
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JEAN-CLAUDE MATHOT
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