SECURITIES AND EXCHANGE COMMISSIONS
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
LASER INDUSTRIES LTD.
Name of Issuer
Ordinary Shares, Par Value of NIS 0.0001 each
Title of Class of Securities
518061-10-6
CUSIP Number
Mr. Howard A. Jaffe
The InterGroup Corporation
2121 Avenue of the Stars, Suite 2020
Los Angeles, California 90067
(310) 556-1999
_________________________________________
Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
June 12, 1995
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 this
statement. [ X ]
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CUSIP No. 518061-10-6 (Page 2 of 7 Pages)
1. Name of Reporting Person
John V. Winfield
2. Check the Appropriate Box if a Member of a Group
a.
b.
3. SEC Use Only
4. Source of Funds
WC, PF
5. Check if Disclosure of Legal Proceedings is Required
pursuant to Items 2(d) or 2 ______
6. Citizenship of Place of Organization
U.S.A.
Number of 7. Sole Voting Power
Shares 181,500 Ordinary Shares
Beneficially
Owned by ________________________________________________
Each 8. Shared Voting Power
Reporting 281,500 Ordinary Shares
Person
With ________________________________________________
9. Sole Dispositive Power
181,500 Ordinary Shares
________________________________________________
10. Shared Dispositive Power
316,500 Ordinary Shares
11. Aggregate Amount Beneficially Owned By Each Reporting Person
316,500 Ordinary Shares
12. Check if the Aggregate Amount in Row 11 Excludes Certain
Shares _________
13. Percent of Class Represented by Amount in Row 11
5.4%
14. Type of Reporting Person
IN
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Item. 1. Security and Issuer.
The class of equity securities to which this statement
relates to is the Ordinary Shares, par value of NIS 0.0001 each
(the "Stock"), of Laser Industries Limited ("LIL"). The executive
offices of LIL are located at Atidim Science Based Industrial
Park, Neve Sharett, Tel Aviv, Israel.
Item 2. Identity and Background.
This Schedule 13D is being filed by John V. Winfield.
Mr. Winfield's principal occupation is the Chairman of the Board
and President of The Intergroup Corporation. Mr. Winfield is a
United States citizen.
The principal executive offices of Intergroup, and the
business address of Mr. Winfield, are at 2121 Avenue of the
Stars, Suite 2020, Los Angeles, California 90067.
During the last five years, Mr. Winfield has not been
convicted in any criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which it or he was or is
subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating actions subject to,
federal or state securities laws or finding any violations with
respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
All funds used in making purchases of the Stock were
obtained from personal funds or the working capital of
Intergroup.
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Item 4. Purposes of Transactions.
The Stock to which this statement relates has been
acquired by Mr. John V. Winfield for investment due to LIL's
technology and its global market potential. Mr. Winfield is
particularly impressed with LIL's Utrasound Detection System, its
recent acquisition, along with the company's technology for the
treatment of snoring, skin rejuvenation and other aesthetic
procedures. Other than possibly increasing its equity interest,
Mr. Winfield has no pending plans or proposals with respect to
LIL. However, Mr. Winfield intends to continuously review his
options with respect to its existing investment in the Stock, and
expressly reserves the right to (i) purchase additional stock or
other securities of LIL by public or private purchase; (ii)
dispose of all or any part of its investment in the Stock by
public or private sale or otherwise; in each case, at such prices
and on such terms as Mr. Winfield may deem advisable; and/or
(iii) take such other action with respect to his investment in
the Stock as Mr. Winfield may deem appropriate, including by
meeting or consulting with the Board of Directors.
Except as set forth above, Mr. Winfield does not have
any present plans or proposals which would result in or relate to
any of the transactions described in subparagraph (a) through (j)
of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) At the close of business on June 12, 1995, John V.
Winfield beneficially owned 316,500 shares, or approximately 5.4%
of the outstanding shares of Stock of LIL as determined from
LIL's 1994 annual report.
(b) Mr. Winfield has sole voting and investment power
with respect to 181,500 Ordinary Shares and shares voting and
investment power for an additional 100,000 shares with The
Intergroup Corporation. Mr. Winfield also shares investment
power for an additional 35,000 shares with two other individuals.
(c) Information with respect to transactions effected
in the Stock beneficially owned by Mr. Winfield during the past
60 days is set forth in Appendix I hereto.
(d) No person other than Mr. Winfield has the right to
receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the shares of Stock owned by Mr.
Winfield.
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Item 6.
Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) between John V. Winfield and
any other person with respect to any securities of LIL including,
but not limited to, transfer or voting of any such securities,
finder's fees, joint ventures, loan or option arrangements, puts
or calls, guarantees of profits, divisions of profits or losses,
or the giving or withholding of proxies.
There are no securities that are pledged or otherwise
subject to a contingency, the occurrence of which would give
another person voting power or investment power over such
securities.
Item 7. Material to be Filed as Exhibits.
There is no material to be filed as Exhibits. There
are no written agreements relating to the filing of joint
acquisition statements as required by Rule 13d-1(f) (Section
240.13d-1(f)) and copies of all written agreements, contracts,
arrangements, understandings, plans or proposals relating to (1)
the borrowing of funds to finance the acquisition as disclosed in
Item 3; (2) the acquisition of issuer control, liquidation, sale
of assets, merger, or change in business or corporate structure
or any other matter as disclosed in Item 4; and (3) the transfer
or voting of the securities, finder's fees, joint ventures,
options, puts, calls, guarantees of loans, guarantees against
loss or of profit, or the giving or withholding of any proxy as
disclosed in Item 6.
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.
Dated: June 12, 1995
By: /s/ John V. Winfield
John V. Winfield
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APPENDIX I
The following table sets forth the trade date for each
purchase and sale of Stock beneficially owned by John V.
Winfield, the number of shares of Stock purchased and sold in
each such transaction and the price per share in each such
transaction effected during the past 60 days. All the shares of
Stock were purchased in ordinary brokerage transactions effected
in the over-the-counter market.
Trade Date Number of
Shares Price per
Purchased Share
Bal. fwd. 216,500 6.010
April 17, 1995 19,300 5.375
May 04, 1995 7,500 5.313
May 08, 1995 7,500 5.773
May 10, 1995 8,500 5.671
May 12, 1995 2,900 5.625
May 15, 1995 12,000 5.646
May 16, 1995 8,600 5.846
May 18, 1995 1,800 5.750
May 19, 1995 1,200 5.500
May 22, 1995 1,800 5.750
May 23, 1995 7,400 5.520
June 07, 1995 16,500 6.125
June 12, 1995 5,000 6.000
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Total 316,500
