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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
CPAC, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
126145101
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(CUSIP Number)
ELIOT LAUER (212) 696-6192
CURTIS, MALLET-PREVOST, COLT & MOSLE
101 PARK AVENUE, SUITE 3500
NEW YORK, NEW YORK 10178
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(Name, Address and Telephone number of Person Authorized to Receive Notices and
Communications)
AUGUST 29, 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 the 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
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 13 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 10 Pages
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CUSIP No. 126145101
- --------------------------------
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CPAC Investors, L.L.C.; 51-0369089
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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
Not applicable
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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 or Place of Organization
Delaware, USA
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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 -
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
- 0 -
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12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares* [ ]
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13 Percent of Class Represented by Amount in Row (11)
0%
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14 Type of Reporting Person*
00 -- limited liability company
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- --------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 2 of 10 Pages
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- --------------------------------
CUSIP No. 126145101
- --------------------------------
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Relatasi Trust
by Mercotrust Limited, Trustee
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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
Not applicable
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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 or Place of Organization
Principality of Liechenstein
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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 -
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
- 0 -
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12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares* [ ]
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13 Percent of Class Represented by Amount in Row (11)
0%
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14 Type of Reporting Person*
CO
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- --------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 3 of 10 Pages
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- --------------------------------
CUSIP No. 126145101
- --------------------------------
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Isaac Herzog
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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
Not applicable
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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 or Place of Organization
Israel
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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* [ ]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0%
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14 Type of Reporting Person*
IN
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- --------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 4 of 10 Pages
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PRELIMINARY NOTE
This statement constitutes Amendment No. 4 to a Schedule 13D
dated September 25, 1995, as amended by Amendment No. 1 dated November 2, 1995,
Amendment No. 2 dated December 28, 1995, and Amendment No. 3 dated August 27,
1996, with respect to the common stock, par value $0.01 per share (the "Common
Stock"), of CPAC, Inc., a New York corporation whose principal executive offices
are located at 2364 Leicester Road, Leicester, New York 14481 (the "Company").
The first paragraph of Item 2 is hereby amended so that, as
amended, it shall read in its entirety as set forth below.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed on behalf of: (i) CPAC
Investors, L.L.C., a limited liability company organized under the laws of the
State of Delaware ("CPAC Investors"), (ii) the Relatasi Trust, an irrevocable
trust created under the laws of Liechtenstein, which owns a 54.1486% interest in
CPAC Investors and has an irrevocable proxy to vote an additional 40.6224% of
the currently outstanding membership interests of CPAC Investors, by its
trustee, Mercotrust Limited, a trust company organized under the laws of
Liechtenstein ("Mercotrust"), and (iii) Mr. Isaac Herzog, the protector of the
Relatasi Trust, in connection with the sale by CPAC Investors of an aggregate of
1,250,000 shares of the Common Stock owned of record by CPAC Investors, which
constitutes all of the Common Stock that was owned by CPAC Investors. CPAC
Investors previously reported its ownership of 1,000,000 shares of the Common
Stock on Amendment No. 2 to its Schedule 13D, dated
Page 5 of 10 Pages
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December 28, 1995. Subsequent to that time, the Company effected a five-for-four
split of its Common Stock, so that CPAC Investors' ownership increased to
1,250,000 shares.
SIGNATURES
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: September 12, 1996
CPAC INVESTORS, L.L.C.
By: /s/ Eliot Lauer
----------------------------------------
Eliot Lauer, Manager
/s/ Eliot Lauer
-------------------------------------------
Eliot Lauer,
Attorney-in-Fact for:
MERCOTRUST LIMITED,
Trustee of, and on behalf of, the
Relatasi Trust
Mr. Isaac Herzog,
Protector of the Relatasi Trust
Page 6 of 10 Pages
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION SEQ. PAGE NO.
- ----------- ----------- -------------
<S> <C> <C>
A Joint Filing Agreement dated October 2 and 3, 1995 9
B Power of Attorney in favor of Eliot Lauer and N/A
Jeremiah T. Mulligan granting each of them the power
to file Schedule 13D and any amendments thereto on
behalf of Mercotrust Limited, as Trustee of the
Relatasi Trust
C Power of Attorney in favor of Eliot Lauer and N/A
Jeremiah T. Mulligan granting each of them the power
to file this amendment to Schedule 13D on behalf of
Isaac Herzog, as Protector of the Relatasi Trust
D Agreement of Rescission, Repurchase and Settlement N/A
dated as of November 1, 1995, between CPAC, Inc. and
CPAC Investors, L.L.C.
E Agreement of James Seldon, Jr. relating to voting of N/A
Common Stock, dated October 31, 1995
F Agreement of Thomas N. Hendrickson relating to N/A
voting of Common Stock, dated October 31, 1995
G Letter Agreement of Robert Oppenheimer relating to N/A
voting of Common Stock, dated October 31, 1995
H Letter Agreement of S. Daniel Abraham relating to N/A
voting of Common Stock, dated October 31, 1995
I Letter Agreement of Thomas N. Hendrickson
</TABLE>
Page 7 of 10 Pages
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<TABLE>
<S> <C> <C>
relating to sale of Common Stock to CPAC N/A
Investors, dated October 31, 1995
J Letter Agreement of Joseph E. Sheehan relating to N/A
sale of Common Stock to CPAC Investors, dated
November 1, 1995
K Letter Agreement of J. E. Sheehan & Company, Inc. N/A
relating to soliciting votes of Common Stock, dated
October 31, 1995. (A certain attachment to this
Letter Agreement is not included as part of Exhibit
K)
L Subscription Agreement, dated December 28, 1996, N/A
pursuant to which CPAC Investors purchased the
632,000 shares
</TABLE>
Page 8 of 10 Pages
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Exhibit A-1
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees to the joint filing on
behalf of each of them of a statement on Schedule 13D (including amendments
thereto) with respect to the common stock, par value $0.01 per share, of CPAC,
Inc. This Agreement may be executed in any number of counterparts all of which
taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this
Agreement this 3rd day of October, 1995. CPAC Investors, L.L.C.
By: /s/ Eliot Lauer
---------------------------
Eliot Lauer, Manager
The Relatasi Trust
By Mercotrust Limited, Trustee
By:________________________________
Dr. Werner Keicher, Director
By:________________________________
Dr. Guido Meier, Director
___________________________________
Mr. Isaac Herzog
Page 9 of 10 Pages
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Exhibit A-2
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees to the joint filing on
behalf of each of them of a statement on Schedule 13D (including amendments
thereto) with respect to the common stock, par value $0.01 per share, of CPAC,
Inc. This Agreement may be executed in any number of counterparts all of which
taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this
Agreement this 2nd day of October, 1995.
CPAC Investors, L.L.C.
By:_____________________________
Eliot Lauer, Manager
The Relatasi Trust
By Mercotrust Limited, Trustee
By: /s/ Werner Keicher
-----------------------------
Dr. Werner Keicher, Director
By: /s/ Guido Meier
-----------------------------
Dr. Guido Meier, Director
/s/ Issac Herzog
--------------------------------
Mr. Isaac Herzog
Page 10 of 10 Pages
