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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. 2)
BOLT TECHNOLOGY CORPORATION
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(Name of Issuer)
Common Stock No Par
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(Title of Class of Securities)
097698104
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(CUSIP Number)
Alan Levy
Four Duke Place, Norwalk, Connecticut (203) 853-0700
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 29, 1996
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(Date of Even 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 13D
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CUSIP NO. 097698104
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Manning
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
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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
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES 248,494
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 0
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 248,494
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WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
248,494
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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)
4.9
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14 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
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CUSIP NO. 097698104
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Janice M. Manning
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
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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
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 0
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
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WITH 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
IN
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Item 1. Security and Issuer.
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This statement relates to the common stock, without par value (the
"Common Stock"), of Bolt Technology Corporation, a Connecticut corporation
("Bolt" or the "Company"), whose principal executive offices are located at Four
Duke Place, Norwalk, Connecticut 06854.
Item 2. Identity and Background.
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This statement is being filed on behalf of Robert M. Manning ("R.
Manning") and Janice M. Manning ("J. Manning"), with respect to the sale of Bolt
Common Stock (collectively, "the Mannings"), whose business address is c/o Cowen
& Company, Financial Square, 28th Floor, New York, New York 10005. Both Robert
M. and Janice M. Manning are individuals.
R. Manning is Director, Private Client Group, of Cowen & Company,
an investment firm, with an office at Financial Square, 28th Floor, New York,
New York 10005. J. Manning is the wife of R. Manning.
During the last five years, neither R. Manning nor J. Manning has
been convicted in any criminal proceeding (excluding traffic violations or
similar misdemeanors), or been a party to a civil proceeding or a judicial or
administrative body of competent jurisdiction which resulted in a judgment,
degree or final order finding that either person violated federal or state
securities laws or enjoining either person from future violations thereof or
prohibiting or mandating any activities subject to such laws.
Each of R. Manning and J. Manning is a citizen of the United States
of America.
Item 3. Source and Amount of Funds or Other Consideration.
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Not Applicable
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Item 4. Purpose of Transaction.
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Not Applicable
Item 5. Interest in Securities of the Issuer.
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As of the date hereof, Robert Manning beneficially owns 248,494
shares of Bolt Common Stock, which shares are held in his name individually,
which constitute approximately 4.9% of the 4,971,431 shares of Bolt Common Stock
which the Company has reported as outstanding. R. Manning has the sole power to
vote or to direct the vote and sole power to dispose or to direct the
disposition of those shares.
R. Manning has a currently exercisable option to purchase from the
Company 1,500 shares of Bolt Common Stock. Upon exercise of the option, R.
Manning would have sole voting power and sole dispositive power with respect to
those shares. Therefore, the largest number of shares of Bolt Common Stock
which R. Manning could be deemed to own beneficially, either directly or
indirectly, is 248,494 shares, which constitute approximately 4.9% of the
outstanding shares.
As of the date hereof, J. Manning does not beneficially own any
shares of Bolt Common Stock.
The transactions effected by the Mannings during the past sixty
days are the sale in the open market of 68,000 shares of Bolt Common Stock on
October 17, 1996 at a price of $5.31; of 64,000 shares of Bolt Common Stock on
October 18, 1996 at a price of $6.06; of 5,000 shares of Bolt Common Stock on
October 24, 1996 at a price of $5.50; of 3,500 shares of Bolt Common Stock at a
price of $5.12 on October 29, 1996.
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As of October 29, 1996, the Mannings ceased to be the owners of
more than 5% of Bolt Common Stock.
All of the shares sold by the Mannings were beneficially owned by
R. Manning except 5,000 shares were owned by them as joint tennants with the
right of survivorship.
Item 6. Contracts, Arrangements, Understandings or Relationships With
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Respect to Securities of the Issurer.
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Neither R. Manning nor J. Manning has any contracts, arrangements,
understandings or relationships with respect to the securities of Bolt.
Item 7. Material to be Filed as Exhibits.
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None
Signature
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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.
/s/ Robert M. Manning
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Robert M. Manning
/s/ Janice M. Manning
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Janice M. Manning
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