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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
The Langer Biomechanics Group, Inc.
________________________________________________________________________________
(Name of Issuer)
Common Stock, $.02 Par Value
________________________________________________________________________________
(Title of Class of Securities)
515707107
_______________________________________________________________
(CUSIP Number)
Douglas T. Granat, 155 Pfingsten, Suite 360 Deerfield, IL 60015 (847) 405-9700
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 18, 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).
SEC 1746(12-91)
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 515707107 PAGE 2 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Trigran Investments L.P.
36-3778244
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 See Item 5(b)
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 See Item 5(b)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 See Item 5(b)
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 See Item 5(b)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
493,453
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
19.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*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>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 515707107 PAGE 3 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth Granat
###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
See Item 5(b)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY See Item 5(b)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
See Item 5(b)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
See Item 5(b)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
53,333
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
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>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 515707107 PAGE 4 OF 7 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Granat Family Limited Partnership
36-3995726
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
See Item 5(b)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY See Item 5(b)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
See Item 5(b)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
See Item 5(b)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
30,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*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>
AMENDMENT NO. 5
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,
and as amended by Amendment No. 4, filed April 9, 1996, 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, and Amendment No. 4, such particular item or respective
part thereof is omitted from this Amendment No. 5.)
Schedule 13D, as amended by Amendment No. 1, Amendment No. 2, Amendment No.
3, and Amendment No. 4, together with this Amendment No. 5, 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 576,786 shares or 22.4% as follows:
<TABLE>
<CAPTION>
% of Class of
Shares Beneficially Securities Identified
Person Owned as of 1/1/97 in Item 1
------ ------------------- ---------
<S> <C> <C>
1 493,453 19.1%
2 53,333 2.1%
3 30,000 1.2%
</TABLE>
(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 October 18, 1996, the Persons filing this Schedule
13D, as amended, have acquired the following shares of
Common Stock:
Page 5 of 7
<PAGE>
Amount of Securities
Date of Acquired/ Price per Trans-
Person Transaction (Disposed) Share action
- ------ ----------- -------------------- --------- ------
1 12/18/96 30,500 1.61 Open
Market
Purchase
1 12/19/96 15,000 1.66 Open
Market
Purchase
1 12/20/96 10,000 1.66 Open
Market
Purchase
1 12/24/96 1,000 1.68 Open
Market
Purchase
1 12/31/96 2,000 1.61 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 28,333 shares of
Common Stock are currently exercisable or will be exercisable within the next
sixty days.
Page 6 of 7
<PAGE>
Signature
- ---------
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.
January _____, 1997
TRIGRAN INVESTMENTS, L.P., an Illinois
limited partnership
By: Trigran Investments, Inc., general partner
By: /s/ Douglas Granat
--------------------------------------
Douglas Granat, President
/s/ Kenneth Granat
--------------------------------------
Kenneth Granat
THE GRANAT FAMILY LIMITED PARTNERSHIP,
an Illinois limited partnership
By: /s/ Kenneth Granat
-------------------------------------
Kenneth Granat, General Partner
Page 7 of 7
