UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Hathaway Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
419011101
- --------------------------------------------------------------------------------
(CUSIP Number)
Noah Klarish & Associates, 230 Park Avenue, 32nd Fl. NY, NY 10169 (212) 973-1111
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 15, 1997
- --------------------------------------------------------------------------------
(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 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>
CUSIP No. 419011101 Page 2 of 6 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Ira Albert
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 206,800 (includes 184,300 shares held by Albert
Shares Associates, L.P.)
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
328,500 shares including 184,300 shares held by Albert
Investment Associates, L.P. and 121,700 shares held by
various accounts over which Mr. Albert has discretionary
authority.
--------------------------------------------------------
10 Shared Dispositive Power
121,700 shares held by various accounts over which Mr.
Albert has discretionary authority
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
328,500
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
7.7%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
<PAGE>
Item 1. Security and Issuer.
This statement relates to the Common Stock, no par value per share
(the "Common Stock"), of Hathaway Corporation, a Colorado corporation (the
"Issuer"). The Issuer maintains its principal executive office at 8228 Park
Meadows Drive, Littleton, Colorado 80124.
Item 2. Identity and Background.
(a) This statement is filed by (i) Ira Albert, an individual, with
respect to shares of the Issuer's Common Stock held by him and with respect to
shares of the Issuer's Common Stock held in investment accounts over which Mr.
Albert has discretionary authority, and (ii) Albert Investment Associates, L.P.,
a Delaware limited partnership (the "Albert Partnership") with respect to shares
of the Issuer's Common Stock held by it. Ira Albert and the Albert Partnership
shall sometimes be collectively referred to herein as the "Reporting Person."
(b) The Reporting Person filed an initial Schedule 13D for an event of
June 20, 1996 (the "Initial Schedule") and filed Amendment No. 1 to Schedule 13D
for an event of November 11, 1996 ("Amendment No. 1"). Except to the extent set
forth in this Amendment, the information in the Initial Schedule and Amendment
No. 1 remains unchanged.
Item 3. Source and Amount of Funds or Other Consideration.
Ira Albert directly owns 22,500 shares of the Issuer's Common Stock
for which he paid $61,488.70 Mr. Albert obtained the funds from his personal
funds. Mr. Albert has discretionary authority over accounts which own 121,700
shares of the Issuer's Common Stock for which such accounts paid a total of
$414,196 from the personal funds of the beneficial owners of such accounts. The
Albert Partnership directly owns 184,300 shares of the Issuer's Common Stock for
which it paid $531,912.25 from its working capital.
Item 5. Interest in Securities of the Issuer.
(a) The number of shares of the Issuer's Common Stock and the
percentage of the outstanding shares (based upon 4,244,817 shares outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
September 30, 1996) directly beneficially owned by each Reporting Person is as
follows:
Percentage of
Name Number of Shares Outstanding Shares
- ---- ---------------- ------------------
Ira Albert 22,500 .5%
Albert Partnership 184,300 4.3%
Albert discretionary accounts 121,700 2.9%
3
<PAGE>
(b) Mr. Albert has sole power to vote 206,800 shares of the Issuer's
Common Stock and has sole power to dispose or to direct the disposition of
328,500 shares of the Issuer's Common Stock.
(c) See Appendix I annexed hereto.
4
<PAGE>
Signatures
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: January 16, 1997
/s/ Ira Albert
-----------------------------------
Ira Albert
ALBERT INVESTMENT ASSOCIATES, L.P.
By: ALBERT INVESTMENT STRATEGIES, INC.
/s/ Ira Albert
By: ------------------------------------
Ira Albert, President
5
<PAGE>
APPENDIX 1
TRANSACTIONS IN HATHAWAY CORPORATION
COMMON STOCK WITHIN THE
PAST 60 DAYS
All transactions were open market purchases and the
commissions are included in the price of the shares.
1. Albert Investment Associates, L.P.
Trade No. of Shares Price Per Cost of
Date Purchased Share Purchases
---- --------- ----- ---------
12/30/96 8,000 $3.38 $ 27,240.00
2. Ira Albert and Family
Trade No. of Shares Price Per Cost of
Date Purchased Share Purchases
---- --------- ----- ---------
12/31/96 500 $3.69 $ 1,892.50
3. Other Discretionary Accounts/Limited Power of Attorney
Trade No. of Shares Price Per Cost of
Date Purchased Share Purchases
---- --------- ----- ---------
11/21/96 5,000 $3.88 $ 19,375
11/22/96 10,000 4.00 40,000
1/13/97 17,500 4.00 70,000
1/15/97 5,000 3.88 19,375
1/15/97 2,500 4.00 10,000
------ ---------
40,000 $158,750
6
<PAGE>
[Following are the Initial and Amendment No. 1 filings to 13D
filed by Hathaway Corporation]
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.__)*
Hathaway Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
419011101
- --------------------------------------------------------------------------------
(CUSIP Number)
Noah Klarish, Esq.
Foote & Klarish, P.C.
767 Fifth Avenue, 6th Fl. NY, NY 10153 (212) 980-7777
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 20, 1996
- --------------------------------------------------------------------------------
(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 |x|.
(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 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>
CUSIP No. 419011101 SCHEDULE 13D Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Ira Albert
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group
a. |_|
b. |x|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 167,800 (includes 145,800
Shares shares held by Albert Investment Associates, L.P.)
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
235,000 (includes 145,800 shares held by Albert
Investment Associates, L.P. and 67,200 shares held by
various accounts over which Mr. Albert has discretionary
authority)
--------------------------------------------------------
10 Shared Dispositive Power
67,200 shares held by various accounts over which Mr.
Albert has discretionary authority)
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
235,000
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
5.5%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
This statement relates to the Common Stock, no par value per share
(the "Common Stock"), of Hathaway Corporation, a Colorado corporation (the
"Issuer"). The Issuer maintains its principal executive office at 8228 Park
Meadows Drive, Littleton, Colorado 80124.
Item 2. Identity and Background.
(a) This statement is filed by (i) Ira Albert, an individual, with
respect to shares of the Issuer's Common Stock held by him and with respect to
shares of the Issuer's Common Stock held in investment accounts over which Mr.
Albert has discretionary authority, and (ii) Albert Investment Associates, L.P.,
a Delaware limited partnership (the "Albert Partnership") with respect to shares
of the Issuer's Common Stock held by it. Ira Albert and the Albert Partnership
shall sometimes be collectively referred to herein as the "Reporting Person."
(b) The business address of Ira Albert and of the Albert Partnership
are 1304 SW 160th Avenue, Suite 209, Ft. Lauderdale, FL 33326. The general
partner of the Albert Partnership is Albert Investment Strategies, Inc., a
Massachusetts corporation (the "General Partner"), which also has a business
address located at 1304 SW 160th Avenue, Suite 209, Ft. Lauderdale, FL 33326.
(c) The principal business of Ira Albert and of the Albert Partnership
is securities investment.
(d) During the past five years, neither Mr. Albert nor the Albert
Partnership nor the General Partner nor any of its executive officers, directors
or controlling persons have been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) During the past five years, neither Mr. Albert nor the Albert
Partnership nor the General Partner nor any of its executive officers, directors
or controlling persons have been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in their being subject
to a judgment, decree or final order enjoining any such person from future
violations of or prohibiting or mandating activities subject to federal or state
securities laws, or finding any violation of such laws by any such person.
Item 3. Source and Amount of Funds or Other Consideration.
Ira Albert directly owns 22,000 shares of the Issuer's Common Stock
for which he paid $59,596.20 Mr. Albert obtained the funds from his personal
funds. Mr. Albert has discretionary authority over accounts which own 67,200
shares of the Issuer's
<PAGE>
Common Stock for which such accounts paid a total of $202,271.75 from the
personal funds of the beneficial owners of such accounts. The Albert Partnership
directly owns 145,800 shares of the Issuer's Common Stock for which it paid
$401,022.25 from its working capital.
Item 4. Purpose of Transaction.
The Reporting Persons have acquired their shares of the Issuer's
Common Stock for investment. The Reporting persons have no plans or proposals
which, other than as expressly set forth below, would relate to or would result
in: (a) the acquisition of additional securities of the Issuer or the
disposition of presently-owned securities of the Issuer; (b) any extraordinary
corporate transaction involving the Issuer; (c) a sale or transfer of a material
amount of assets of the Issuer; (d) any change in the present Board of Directors
or management of the Issuer; (d) any material change in the present
capitalization or dividend policy of the Issuer; (f) any material change in the
operating policies or corporate structure of the Issuer; (g) any change in the
Issuer's charter or by-laws; (h) the Common Stock of the Issuer ceasing to be
authorized to be quoted in the NASDAQ inter-dealer quotation system; or (i)
causing the Issuer becoming eligible for termination of registration pursuant to
Section 12(g) (4) of the Securities Exchange Act of 1934. The Reporting Persons,
however, reserve the right, at a later date, to effect one or more of such
changes or transactions.
Although the Reporting Persons have no present plans to purchase
additional shares of the Issuer's Common Stock or sell any of their shares of
the Issuer's Common Stock, they, either together or separately, may seek to
purchase additional shares of the Issuer's Common Stock or sell some or all of
their shares of the Issuer's Common Stock in the open market or in privately
negotiated transactions from or to one or more sellers or purchasers, as the
case may be, provided that, in accordance with their best judgment in light of
the circumstances existing at the time, such transactions present an attractive
(long or short term) opportunity for profit.
The Reporting Persons further reserve the right to act in concert with
any other shareholders of the Issuer, or other persons, for a common purpose
should they determine to do so, and/or to recommend courses of action to
management and the shareholders of the Issuer.
Item 5. Interest in Securities of the Issuer.
(a) The number of shares of the Issuer's Common Stock and the
percentage of the outstanding shares (based upon 4,256,381 shares outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1996) directly beneficially owned by each Reporting Person is as
follows:
2
<PAGE>
Percentage of
Name Number of Shares Outstanding Shares
- ---- ---------------- ------------------
Ira Albert 22,000 .5%
Albert Partnership 145,800 3.4%
Albert discretionary accounts 67,200 1.6%
(b) Mr. Albert has sole power to vote 162,800 shares of the Issuer's
Common Stock and has sole power to dispose or to direct the disposition of
220,000 shares of the Issuer's Common Stock.
(c) See Appendix A annexed hereto.
(d) Certain persons have the right to receive dividends from or the
proceeds of sale of certain of the shares of the Issuer's Common Stock included
in this statement. No such person individually has the right to receive
dividends or proceeds relating to shares of the Issuer's Common Stock
constituting more than 5% of the class of the Issuer's Common Stock.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Ira Albert may be deemed to have beneficial ownership and control of
the shares of the Issuer's Common Stock held by accounts with respect to which
Mr. Albert has discretionary authority and shares held by the Albert Partnership
by virtue of his control of the General Partner of such entity. Mr. Albert
disclaims beneficial ownership of the shares of the Issuer's Common Stock held
by the discretionary accounts and by the Albert Partnership.
Other than as set forth above, the Reporting Persons have no
contracts, arrangements, understandings or relationships (legal or otherwise)
either amongst themselves or with any other persons with respect to the shares
of the Issuer's Common Stock.
Item 7. Material to be Filed as Exhibits.
None
3
<PAGE>
Signatures
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: June 20, 1996
/s/ Ira Albert
----------------------------------
Ira Albert
ALBERT INVESTMENT ASSOCIATES, L.P.
By: ALBERT INVESTMENT STRATEGIES, INC.
By: /s/ Ira Albert
----------------------------------
Ira Albert, President
4
<PAGE>
APPENDIX 1
TRANSACTIONS IN HATHAWAY CORPORATION
COMMON STOCK WITHIN THE
PAST 60 DAYS
All transactions were open market purchases and the commissions are
included in the price of the shares.
1. Albert Investment Associates, L.P.
No. of
Trade Shares Price Per Cost of
Date Purchased Share Purchases
---- --------- ----- ---------
5/1/96 5,000 $ 2.00 $10,150.00
5/1/96 10,000 2.13 21,550.00
5/2/96 10,000 2.31 23,494.50
5/2/96 2,000 2.19 4,459.00
5/2/96 1,000 2.25 2,290.00
5/3/96 10,000 2.50 25,300.00
5/6/96 5,000 2.44 12,337.50
5/10/96 2,000 2.50 5,060.00
5/12/96 10,000 2.63 26,550.00
5/14/96 26,000 2.63 69,030.00
5/17/96 5,000 2.69 13,587.50
5/30/96 10,000 2.81 28,530.00
6/6/96 20,000 3.06 61,979.00
6/7/96 7,500 3.06 23,273.00
6/10/96 2,000 3.25 6,680.00
6/14/96 2,300 3.32 7,721.00
6/17/96 8,000 3.38 27,270.00
6/19/96 5,000 3.47 17,493.75
------- -----------
145,800 $401,022.25
5
<PAGE>
2. Ira Albert and Family
No. of
Trade Share Price Cost of
Date Purchased Per Share Purchases
---- --------- --------- ---------
5/3/96 3,000 $ 2.50 $ 7,622.40
5/12/96 3,000 2.63 7,965.00
5/14/96 10,000 2.63 26,550.00
6/3/96 6,000 2.88 17,458.80
----- ---------
22,000 $59,596.20
3. Other Discretionary Accounts/Limited Power of Attorney
No. of
Trade Share Price Cost of
Date Purchased Per Share Purchases
---- --------- --------- ---------
5/14/96 10,000 $ 2.63 $ 26,550.00
5/17/96 20,000 2.82 56,362.00
5/30/96 7,500 2.81 21,318.75
6/4/96 4,700 3.06 14,534.75
6/10/96 15,000 3.19 48,262.50
6/19/96 5,000 3.47 17,493.75
6/19/96 5,000 3.50 17,750.00
------ -----------
67,200 $202,271.75
6
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Hathaway Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
419011101
- --------------------------------------------------------------------------------
(CUSIP Number)
Noah Klarish, Esq.
Foote & Klarish, P.C.
767 Fifth Avenue, 6th Fl. NY, NY 10153
(212) 980-7777
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 11, 1996
- --------------------------------------------------------------------------------
(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 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>
CUSIP No. 419011101 SCHEDULE 13D Page 2 of Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Ira Albert
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group*
a. |_|
b. |X|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
PF
- --------------------------------------------------------------------------------
5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 198,300 (includes 176,300 shares held by Albert
Shares Investment Associates, L.P.)
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 Sole Dispositive Power
280,000 (includes 176,300 shares held by Albert
Investment Associates, L.P. and 81,700 shares held by
various accounts over which Mr. Albert has discretionary
authority)
--------------------------------------------------------
10 Shared Dispositive Power
81,700 shares held by various accounts over which Mr.
Albert has discretionary authority
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
280,000
- --------------------------------------------------------------------------------
12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented By Amount in Row (11)
6.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
<PAGE>
Item 1. Security and Issuer.
This statement relates to the Common Stock, no par value per share
(the "Common Stock"), of Hathaway Corporation, a Colorado corporation (the
"Issuer"). The Issuer maintains its principal executive office at 8228 Park
Meadows Drive, Littleton, Colorado 80124.
Item 2. Identity and Background.
(a) This statement is filed by (i) Ira Albert, an individual, with
respect to shares of the Issuer's Common Stock held by him and with respect to
shares of the Issuer's Common Stock held in investment accounts over which Mr.
Albert has discretionary authority, and (ii) Albert Investment Associates, L.P.,
a Delaware limited partnership (the "Albert Partnership") with respect to shares
of the Issuer's Common Stock held by it. Ira Albert and the Albert Partnership
shall sometimes be collectively referred to herein as the "Reporting Person."
(b) The Reporting Person filed an initial Schedule 13D for an event of
June 20, 1996 (the "Initial Schedule"). Except to the extent set forth in this
Amendment, the information in the Initial Schedule remains unchanged.
Item 3. Source and Amount of Funds or Other Consideration.
Ira Albert directly owns 22,000 shares of the Issuer's Common Stock
for which he paid $59,596.20 Mr. Albert obtained the funds from his personal
funds. Mr. Albert has discretionary authority over accounts which own 81,700
shares of the Issuer's Common Stock for which such accounts paid a total of
$255,446 from the personal funds of the beneficial owners of such accounts. The
Albert Partnership directly owns 176,300 shares of the Issuer's Common Stock for
which it paid $504,672.25 from its working capital.
Item 5. Interest in Securities of the Issuer.
(a) The number of shares of the Issuer's Common Stock and the
percentage of the outstanding shares (based upon 4,249,067 shares outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
June 30, 1996) directly beneficially owned by each Reporting Person is as
follows:
Percentage of
Name Number of Shares Outstanding Shares
- ---- ---------------- ------------------
Ira Albert 22,000 .5%
Albert Partnership 176,300 4.1%
Albert discretionary accounts 81,700 1.9%
<PAGE>
(b) Mr. Albert has sole power to vote 198,300 shares of the Issuer's
Common Stock and has sole power to dispose or to direct the disposition of
280,000 shares of the Issuer's Common Stock.
(c) See Appendix I annexed hereto.
2
<PAGE>
Signatures
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: November 13, 1996
/s/Ira Albert
---------------------------------
Ira Albert
ALBERT INVESTMENT ASSOCIATES, L.P.
By: ALBERT INVESTMENT STRATEGIES, INC.
By: /s/ Ira Albert
---------------------------------
Ira Albert, President
3
<PAGE>
APPENDIX 1
TRANSACTIONS IN HATHAWAY CORPORATION
COMMON STOCK WITHIN THE
PAST 60 DAYS
All transactions were open market purchases and the commissions are
included in the price of the shares.
1. Albert Investment Associates, L.P.
No. of
Trade Shares Price Per Cost of
Date Purchased Share Purchases
---- --------- ----- ---------
8/19/96 5,000 $ 3.25 $ 16,500.00
8/19/96 7,500 3.00 22,800.00
8/19/96 5,000 2.875 14,579.00
10/3/96 5,000 3.875 19,679.00
10/18/96 2,500 3.625 9,192.00
11/11/96 5,500 3.75 20,900.00
------ -----------
30,500 $103,650.00
2. Other Discretionary Accounts/Limited Power of Attorney
Trade No. of Shares Price Per Cost of
Date Purchased Share Purchases
---- --------- ----- ---------
8/20/96 5,000 $ 3.25 $ 16,400.00
9/9/96 6,500 3.8125 25,029.25
11/11/96 3,000 3.875 11,745.00
------ ------------
14,500 $ 53,174.25
