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SECURITIES AND EXCHANGE COMMISSION
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WASHINGTON, D. C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
WINFIELD CAPITAL CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
973859 10 1
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(Cusip Number of Class of Securities)
DAVID GREENBERG, 15 WEST AYLESBURY ROAD, SUITE 700,
TIMONIUM, MD. 21093. (410) 561-0900
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(Name, Address and Telephone Number of Person Authorized)
to Receive Notices and Communications)
COPY TO:
JESSE R. MEER, ESQ.
BERLACK, ISRAELS & LIBERMAN LLP
120 WEST 45TH STREET
NEW YORK, NEW YORK 10035
(212)-704-0100
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a Statement on 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: [ ]
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(Page 1 of 5 Pages)
<PAGE>
SCHEDULE 13D
- --------------------- -----------------
CUSIP NO. 973859 10 1 PAGE 2 OF 5 PAGES
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1 | NAME OF REPORTING PERSON:
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
| DAVID GREENBERG ###-##-####
- --------------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
| (b) [ ]
|
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3 | SEC USE ONLY
|
|
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4 | SOURCE OF FUNDS
| PF
|
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5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
| PURSUANT TO ITEMS (2)(D) OR (E)
|
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6 | CITIZENSHIP OR PLACE OR ORGANIZATION
| UNITED STATES OF AMERICA
|
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NUMBER OF | 7 | SOLE VOTING POWER
| | 641,933 SHARES
SHARES | |
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BENEFICIALLY | 8 | SHARED VOTING POWER
| | ______
OWNED BY | |
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EACH | 9 | SOLE DISPOSITIVE POWER
| | 641,933 SHARES
REPORTING | |
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PERSON | 10 | SHARED DISPOSITIVE POWER
| | ______
WITH | |
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11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON shares
| 641,933 Shares
|
- --------------------------------------------------------------------------------
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)
| 11.95%
|
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14 | TYPE OF REPORTING PERSON
| IN
|
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(Page 2 of 5 Pages)
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ITEM 1. SECURITY AND ISSUER. THIS STATEMENT RELATES TO THE SHARES OF COMMON
STOCK, PAR VALUE $.001 PER SHARE (THE "COMMON STOCK"), OF WINFIELD CAPITAL CORP.
(THE "COMPANY"), WHICH HAS ITS PRINCIPAL EXECUTIVE OFFICES AT 237 MAMARONECK
AVENUE, WHITE PLAINS, NEW YORK 10605.
ITEM 2. IDENTITY AND BACKGROUND (A) THIS STATEMENT IS FILED BY DAVID GREENBERG
(THE "REPORTING PERSON").
(B) THE BUSINESS ADDRESS OF THE REPORTING PERSON IS 15 WEST AYLESBURY
ROAD, SUITE 700, TIMONIUM, MARYLAND 21093.
(C) THE REPORTING PERSON'S PRINCIPAL BUSINESS IS BEING AN OFFICER AND
DIRECTOR OF WINFIELD CAPITAL CORP., A SMALL BUSINESS INVESTMENT COMPANY.
(D) N/A.
(E) N/A.
(F) USA.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. THE SHARES OF COMMON
STOCK OF THIS REPORT WERE ACQUIRED BY THE REPORTING PERSON AS A RESULT OF A
PRIVATE PLACEMENT AND A PRIVATE SALE, DATED MAY 2, 1995. THE REPORTING PERSON
USED PERSONAL FUNDS TO ACQUIRE THE COMMON STOCK.
THE REPORTING PERSON ACQUIRED OPTIONS FROM THE COMPANY ON MAY 2, 1995 AND
FEBRUARY 24, 1998, COVERING 150,000 AND 200,000 SHARES OF COMMON STOCK,
RESPECTIVELY.
(Page 3 of 5 Pages)
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ITEM 4. PURPOSE OF TRANSACTION. THE REPORTING PERSON ACQUIRED HIS COMMON STOCK
AND OPTIONS FOR INVESTMENT PURPOSES. ON 3/15/99, THE REPORTING PERSON SOLD AN
AGGREGATE OF 145,300 SHARES IN A BROKERAGE TRANSACTION AT A PRICE PER SHARE OF
$22.346. IMMEDIATELY FOLLOWING SUCH SALE, THE REPORTING PERSON OWNS AN AGGREGATE
OF 291,933 SHARES OF COMMON STOCK AND OPTIONS THAT ARE CURRENTLY EXERCISABLE FOR
AN AGGREGATE OF 350,000 COMMON SHARES.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. AS OF THE DATE OF THIS FILING, THE
REPORTING PERSON BENEFICIALLY OWNS 641,933 COMMON SHARES (INCLUDING 350,000
SHARES ISSUABLE UPON EXERCISE OF ALL OPTIONS HELD BY THE REPORTING PERSON),
WHICH SHARES REPRESENT APPROXIMATELY 11.95% OF THE COMMON STOCK.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER. NONE.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. NONE.
(Page 4 of 5 Pages)
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SIGNATURE
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.
March 18, 1999
(Date)
/s/ DAVID GREENBERG
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David Greenberg
(Page 5 of 5 Pages)
