United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
Name of Issuer: The Langer Biomechanics Group, Inc.
Title of Class of Securities: Common Stock, $.02 Par Value
CUSIP Number: 515707107
Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications:
Douglas T. Granat, 155 Pfingsten Road, Suite 360, Deerfield, Illinois 60015
847-405-9700
Date of Event which Requires Filing of this Statement:
July 31, 1997
CUSIP No. 515707107
Page 2 of 7 Pages
1. Name of Reporting Person Trigran Investments, L.P.
IRS No. 36-3778244
2. Check the appropriate box if a member of a group (a) [ ]
(b) [x]
3. SEC Use Only
4. Source of Funds WC
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
N/A
6. Citizenship or Place of Organization Illinois
7. Sole Voting Power See Item 5(b)
8. Shared Voting Power See Item 5(b)
9. Sole Dispositive Power See Item 5(b)
10. Shared Dispositive Power See Item 5(b)
11. Aggregate Amount Beneficially Owned by Each Reporting Person 552,753
12. Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11) 21.4%
14. Type of Reporting Person PN
CUSIP No. 515707107
Page 3 of 7 Pages
1. Name of Reporting Person Kenneth Granat
IRS No. ###-##-####
2. Check the appropriate box if a member of a group (a) [ ]
(b) [x]
3. SEC Use Only
4. Source of Funds N/A
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
N/A
6. Citizenship or Place of Organization United States
7. Sole Voting Power See Item 5(b)
8. Shared Voting Power See Item 5(b)
9. Sole Dispositive Power See Item 5(b)
10. Shared Dispositive Power See Item 5(b)
11. Aggregate Amount Beneficially Owned by Each Reporting Person 65,000
12. Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11) 2.5%
14. Type of Reporting Person IN
CUSIP No. 515707107
Page 4 of 7 Pages
1. Name of Reporting Person The Granat Family Limited Partnership
IRS No. 36-3995726
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) [ ]
N/A
6. Citizenship or Place of Organization Illinois
7. Sole Voting Power See Item 5(b)
8. Shared Voting Power See Item 5(b)
9. Sole Dispositive Power See Item 5(b)
10. Shared Dispositive Power See Item 5(b)
11. Aggregate Amount Beneficially Owned by Each Reporting Person 30,000
12. Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11) 1.2%
14. Type of Reporting Person PN
CUSIP No. 515707107
Page 5 of 7 Pages
AMENDMENT NO. 7
TO
SCHEDULE 13D
Item 1 Security and Issuer
Common Stock, par value $.02 per share
The Langer Biomechanics Group, Inc. (the "Issuer")
450 Commack Road
Deer Park, NY 11729
Except as expressly stated below, there have been no material changes in the
facts and statements set forth in Schedule 13D, filed April 17, 1993, as
amended by Amendment No. 1, filed February 8, 1995, as amended by Amendment
No. 2, filed June 7, 1995, as amended by Amendment No. 3, filed
October 26, 1995, as amended by Amendment No. 4, filed April 9, 1996,
as amended by Amendment No. 5, filed January 15, 1997, and as amended by
Amendment No. 6, filed May 2, 1997, with respect to the Common Stock,
par value $.02 per share, of The Langer Biomechanics Group, Inc.
(Where no material change has occurred with respect to items 2-8,
inclusive, or a part thereof, of the Schedule 13D, as amended by
Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4,
Amendment No. 5 and Amendment No. 6, such particular item or respective
part thereof is omitted from this Amendment No. 7.)
Schedule 13D, as amended by Amendment No.1, Amendment No. 2, Amendment
No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, together with
Amendment No. 7, is sometimes referred to herein as Schedule 13D, as amended.
Item 5 Interest in the Securities of the Issuer
(a) The aggregate number and percentage of the common stock
(including options to purchase common stock) of the Issuer beneficially
owned by the Reporting Persons as of the date of this filing is 647,753
shares or 25.1% as follows:
% of Class of
Shares Beneficially Securities Identified
Person Owned as of 5/2/97 in Item 1
1 552,753 21.4%
2 65,000 2.5%
3 30,000 1.2%
(b) Person 1, through its general partner, Trigran Investments, Inc.,
has sole power to vote and sole power to dispose of the securities
listed in (a) above for person 1.
Each of Douglas Granat, Kenneth Granat and Lawrence Oberman, as officers
of the general partner of Person 1, have shared power to vote and
shared power to dispose of the securities listed in (a) above for
person 1.
Person 2 has sole power to vote and sole power to dispose of the
securities listed in (a) above for Persons 2 and 3.
(c) Since June 1, 1997, the Persons filing this Schedule 13D, as
amended, have acquired the following shares of Common Stock:
CUSIP No. 515707107
Page 6 of 7 Pages
Amount of Securities
Date of Acquired Price per
Person Transaction (Disposed) Share Transaction
1 7/22/97 10,000 1.91 Open Market Purchase
1 7/29/97 10,000 1.91 Open Market Purchase
1 7/31/97 1,000 2.02 Open Market Purchase
1 7/31/97 1,000 2.08 Open Market Purchase
Note 1: Person 2 was granted options to purchase 40,000 shares of Common
Stock under Issuer's Plan on September 13, 1995. Options to purchase
40,000 shares of Common Stock are currently exercisable or will be
exercisable within the next sixty days.
********************
CUSIP No. 515707107
Page 7 of 7 Pages
After reasonable inquiry and to the best of the undersigned's
knowledge, the undersigned certify that the information set forth in
this statement is true, complete, and correct.
Dated: August 7, 1997
TRIGRAN INVESTMENTS, L.P., an Illinois limited partnership
By: Trigran Investments, Inc., general partner
By: /s/ Lawrence Oberman, Vice-President
/s/ Kenneth Granat
THE GRANAT FAMILY LIMITED PARTNERSHIP, an Illinois
limited partnership
By: /s/ Kenneth Granat, General Partner
