UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities and Exchange Act of 1934
(Amendment No. )
Name of Issuer: Solomon Page Group Ltd.
Title of Class of Securities: Common
Cusip Number: 83427A108
Name, Address and Telephone Number of Person authorized to
receive notices and communications: Kenneth E. Leopold,
Senior Attorney, c/o Neuberger&Berman, LLC, 605 Third
Avenue, NY, NY 10158
Date of Event which requires Filing of this statement:
September 10, 1997
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
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).
SCHEDULE 13 D
CUSIP NO. 83427A108
1.Name of Reporting Person
S.S. or IRS identification NO. of Above Person
Norman H. Pessin
SS # ###-##-####
2.Check the appropriate box if a member of a group*
a
b
3. Sec use only
4.Source of funds*
P.F.O.O.
5.Check Box if disclosure of legal proceedings is required
pursuant to items 2(d) or 2(e)
6. Citizenship or place of organization
U.S.A.
7. Sole Voting Power
170,000
8.Shared voting power
0
9.Sole dispositive power
170,000
10. Shared dispositive power
95,000
11. Aggregate amount beneficially owned by each reporting
person
265,000
12.Check box if the aggregate amount in row 11 excludes
certain shares*
13. Percent of class represented by amount in row 11.
5.01%
14.Type of reporting person*
IN
ITEM 1 Security and Issuer
This statement related to the common stock (the "Shares") of
Solomon Page Group Ltd. (the "Company"). The Address of the
principal executive offices of the company is 1140 Avenue of
the Americas, New York, NY 10036.
ITEM 2 Identity and Background
A) The name of the individual filing this statement is
Norman H. Pessin
B) The business address of Norman H. Pessin is: c/o
Neuberger&Berman, LLC, 605 Third Avenue, New York, New York
10158-3698.
C) Norman H. Pessin is a Principal of Neuberger & Berman,
LLC ("N&B"), a limited liability company organized under the
laws of the State of Delaware. N&B is a registered
broker/dealer and registered investment advisor which
conducts a general brokerage, dealer and investment
advisory business. This filing is made by Mr. Pessin
individually and not in his capacity as Principal of N&B.
The shares are held individually by Mr. Pessin and others.
The firm of N&B has no voting or dispositive power regarding
these shares.
D) During the last five years Norman H. Pessin has not been
convicted in a criminal proceeding(excluding traffic
violations or similar misdemeanors).
E) During the last five years Norman H. Pessin has not been
a party to a civil proceeding as a result of which he is
subject to judgement, decree or order enjoining future
violations of or prohibiting or mandating activities
subject to Federal or State securities laws or finding any
violation with respect to such laws.
F) Norman H. Pessin is a United States citizen.
ITEM 3 Source and Amounts of Funds
Norman H. Pessin owns 170,000 Shares for his personal
account. The 170,000 Shares owned by Norman H. Pessin are
held in "street name" and are part of his cash account at
Neuberger & Berman, LLC.
In addition, Norman H. Pessin beneficially owns 95,000
shares as follows:
95,000 shares are held in street name in Mr. Pessin's wifes
account. Norman H. Pessin is a beneficial owner of these
95,000 shares based on his discretionary and shared
disposistive power over these accounts.
ITEM 4 Purpose of Transaction
Norman H. Pessin purchased the shares for investment
purposes only. He does not have any plans or proposals which
relate to or would result in any of the activities or
matters referred to in paragraphs (a) through (j), inclusive
of item 4 of Schedule 13D.
ITEM 5 Interest in Securities of the Issuer
A) Norman H. Pessin is the beneficial owner of 265,000
shares which represents 5.01% of the 5,289,785 shares
outstanding.
Please note that of the 265,000 shares reported as
beneficial ownership this number includes 160,500 warrants
which expire on 10/20/99. Each warrant entitles the owner to
purchase one share of Common Stock at an exercise price of
$4.50. For purposes of this filing, Mr. Pessin is deemed to
be the beneficial owner of the 160,500 shares into which the
warrants are exercisable. In calculating the percentage of
the shares outstanding Mr. Pessin owns, these shares into
which the warrants are exercisable have been deemed to be
currently outstanding in accordance with Rule 13d-
3(d)(1)(i).
B) Norman H. Pessin has the sole power to dispose of 170,000
shares and has shared dispositive power with regard to
95,000 shares. Norman H. Pessin has sole voting power with
regard to 170,000 shares and has shared voting power with
regard to 0 shares.
C) During the 60 days surrounding the event triggering this
filing. Norman H. Pessin effected 14 open market
transactions in the shares. The trade dates and prices are
noted below:
Trade Date B/S Shares Price
07/10/97 B 5,000 0.4062
07/23/97 B 10,000 0.4687
07/23/97 B 5,000 2.8125
07/24/97 B 2,000 3
07/31/97 B 2,500 3
07/31/97 B 10,000 0.5
08/07/97 B 10,000 0.5
08/08/97 B 10,000 0.4375
08/14/97 B 10,000 0.4375
09/03/97 B 20,000 0.3986
09/05/97 B 10,000 2.7812
09/08/97 B 20,000 0.4062
09/10/97 B 30,000 0.4218
09/10/97 B 5,000 2.875
ITEM 6 Contracts, Agreements, Understandings or Relationship
with Respect to
Securities of Issuer
There are no agreements, contracts or understandings of any
kind between Norman H. Pessin and any other person with
regard to the shares or the issuer.
ITEM 7 Material to be filed as Exhibits
There are no materials to be filed as exhibits.
Signatures
After reasonable inquiry and to the best of his knowledge
and belief, the undersigned certifies that the information
set forth in this statement is true, complete and correct.
Dated:___________ ___________________
Norman H. Pessin
