UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)*
VALUE LINE, INC.
(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
(Title of Class of Securities)
920437 10 0
(CUSIP Number)
Mr. Howard A. Brecher
Arnold Bernhard & Co., Inc.
220 East 42nd Street
New York, NY 10017
(212) 907-1620
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 7, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
|_|
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Rule 13d-7(b) 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 (the "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>
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CUSIP No. 920437 10 0 13D
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Arnold Bernhard & Co., Inc.
TIN: 13-1540671
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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*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED 8,593,403
BY
EACH --------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON
WITH Zero
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9 SOLE DISPOSITIVE POWER
8,593,403
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10 SHARED DISPOSITIVE POWER
Zero
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,593,403
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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)
86.1%
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14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
This Amendment No. 1 to Statement on Schedule 13D amends the Statement on
Schedule 13D relating to the Common Stock, $.10 par value ("Common Stock"), of
Value Line, Inc. ("Value Line") filed by Arnold Bernhard & Co., Inc. ("AB &
Co."), a New York corporation, on March 7, 2000.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
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The source of funds used to purchase the shares of Common Stock owned by AB
& Co. was working capital of AB & Co. The amount of such funds was $21,630,486,
which includes AB & Co.'s basis in shares of Common Stock acquired before Value
Line went public.
ITEM 5. INTEREST IN SECURITIES OF VALUE LINE.
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(a) As of the date hereof, AB & Co. is the beneficial owner of 8,593,403
shares of Common Stock, which represents 86.1% of the outstanding shares of
Common Stock.
(b) AB & Co. has sole power to vote and direct the vote of such shares and
sole power to dispose and direct the disposition of such shares.
(c) No transactions were effected by AB & Co. or, to the best knowledge of
AB & Co., any of the directors or executive officers of AB & Co., in the Common
Stock during the 60 days prior to the date of this Statement, except the
following, all of which were effected by AB & Co.:
<TABLE>
<CAPTION>
Date Purchase/Sale No. of Shares Price/Share Market
<S> <C> <C> <C> <C>
05/02/2000 Purchase 2,600 $35.00 NASDAQ
05/09/2000 Purchase 2,900 $34.875 NASDAQ
05/15/2000 Purchase 3,400 $34.875 NASDAQ
05/18/2000 Purchase 4,358 $34.875 NASDAQ
05/24/2000 Purchase 72,300 $34.00 NASDAQ
06/01/2000 Purchase 9,500 $33.50 NASDAQ
06/07/2000 Purchase 29,800 $35.00 NASDAQ
09/15/2000 Purchase 20,000 $34.9375 NASDAQ
09/18/2000 Purchase 14,400 $34.9570 NASDAQ
09/19/2000 Purchase 6,700 $34.91 NASDAQ
09/26/2000 Purchase 18,800 $34.6630 NASDAQ
09/29/2000 Purchase 1,000 $34.625 NASDAQ
10/02/2000 Purchase 16,000 $34.713 NASDAQ
10/10/2000 Purchase 5,200 $34.73 NASDAQ
10/17/2000 Purchase 2,700 $33.875 NASDAQ
11/03/2000 Purchase 20,000 $34.8125 NASDAQ
11/07/2000 Purchase 20,600 $34.8125 NASDAQ
11/08/2000 Purchase 6,000 $34.475 NASDAQ
11/09/2000 Purchase 2,400 $34.3761 NASDAQ
11/10/2000 Purchase 2,000 $34.3125 NASDAQ
11/15/2000 Purchase 2,500 $34.5625 NASDAQ
11/17/2000 Purchase 8,000 $34.6894 NASDAQ
12/12/2000 Purchase 1,900 $35.0000 NASDAQ
12/13/2000 Purchase 16,200 $34.7260 NASDAQ
</TABLE>
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially owned by AB & Co.
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<PAGE>
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.
Date: December 14, 2000
ARNOLD BERNHARD & CO., INC.
By: /s/ Jean B. Buttner
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Jean Bernhard Buttner
Chairman of the Board, President
and Chief Executive Officer
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