<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
P & F INDUSTRIES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, par value $1.00
- --------------------------------------------------------------------------------
(Title of Class of Securities)
692830102
- --------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Mr. Sidney Horowitz
20596 Links Circle
Boca Raton, Florida 33434
(phone)
Copy to :
Neil Novikoff, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, New York 10019
(212) 728-8000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 26, 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 which is the subject of this Schedule 13D, and is filing
this Schedule because of Rule 13(d)-1(e), 13(d)-1(f) or 13(d)-1(g), check the
following box: [ ]
<PAGE>
SCHEDULE 13D
- -------------------
CUSIP No. 692830102
- -------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sidney Horowitz
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
182,343
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 100,388
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
182,343
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
100,388
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
282,731
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
2 of 6
<PAGE>
Item 1. Security and Issuer.
This statement on Schedule 13D relates to the Class A Common Stock, par
value $1.00 per share (the "Common Stock"), of P & F Industries, Inc. (the
"Company"), and is being filed pursuant to Rule 13d-1 under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). The address of the
principal executive office of the Company is 300 Smith Street, Farmingdale, New
York 11735.
Item 2. Identity and Background.
(a) This Statement is hereby filed by Sidney Horowitz.
(b) and (c) Mr. Horowitz is Chairman Emeritus of the Board of Directors of
the Company. Mr. Horowitz's address is 20596 Links Circle, Boca Raton, Florida
33434.
(d) and (e) During the last five years, Mr. Horowitz has not been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors),
nor has he, during the last five years, been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final 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.
3 of 6
<PAGE>
(f) Mr. Horowitz is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Horowitz used personal funds in making the purchases that are the
subject of this Statement.
Item 4. Purpose of Transaction.
Mr. Horowitz purchased the Class A Common Stock that is the subject of this
statement in order to acquire an equity interest in the Company. As of the date
hereof, Mr. Horowitz has no present plans or proposals which relate to or would
result in any of the actions referred to in section (a) through (j) of Item 4 of
Schedule 13D. Nevertheless, depending on market conditions and other factors,
Mr. Horowitz may sell or otherwise dispose of all or a portion of such Common
Stock, or may purchase additional shares of Common Stock.
Item 5. Interest in Securities of the Issuer.
(a) and (b) The responses of Mr. Horowitz to Rows (7) through (13) of the
cover page of this Schedule 13D are incorporated herein by reference. Included
in the shares of Common Stock beneficially owned by Mr. Horowitz are 2,000
shares of Common Stock issuable upon the exercise of stock options, 400 shares
of Common Stock owned by The Sidney and Grace Horowitz Foundation and 99,988
shares of Common Stock owned by his wife, Grace Horowitz, individually and as
trustee for the daughter of
4 of 6
<PAGE>
Grace Horowitz and Sidney Horowitz. Mr. Horowitz has shared voting power and
shared dispositive power over the 400 shares of Common Stock owned by The Sidney
and Grace Horowitz Foundation with the other directors of The Sidney and Grace
Horowitz Foundation and over the 99,988 shares of Common Stock owned by Grace
Horowitz, individually and as trustee for the daughter of Grace Horowitz and
Sidney Horowitz. Mr. Horowitz disclaims beneficial ownership of the 99,988
shares of Common Stock owned by Mrs. Horowitz individually and as trustee for
the daughter of Grace Horowitz and Sidney Horowitz.
(c) Not Applicable
(d) Not Applicable
(e) Not Applicable
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
5 of 6
<PAGE>
SIGNATURE
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: April 26, 2000
By: /s/ Sidney Horowitz
------------------------------
Name: Sidney Horowitz
6 of 6
