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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. _______10_______)
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SBM INDUSTRIES, INC.
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
847660107000
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(CUSIP Number)
Peter Nisselson, SBM Industries, Inc.
1865 Palmer Avenue, Larchmont, New York 10538, (914) 833-0649
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
3/31/99
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(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 [ ].
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.
(Continued on following pages)
(Page 1 of 5 Pages)
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SCHEDULE 13D
Page 2 of 6 Pages
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CUSIP No. 847660107000
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter Nisselson
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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
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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7 SOLE VOTING POWER
730,552
NUMBER OF -----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------
REPORTING
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
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10 SHARED POSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
730,552
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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)
35.0
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14 TYPE OF REPORTING PERSON
IN
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Item 1. Security and Issuer
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Common Shares, $1.00 par value per share, of SBM Industries, Inc.,
which has its principal executive offices at 1865 Palmer Avenue, Larchmont, NY
10538.
Item 2. Identity and Background
-----------------------
(a) Peter Nisselson.
(b) 1865 Palmer Avenue, Larchmont, NY 10538.
(c) President, Secretary and Director of SBM Industries, Inc.
(d)-(e) Mr. Nisselson has not during the last five years been
convicted of a criminal proceeding and was not a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result of which
he 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.
(f) U.S. citizenship.
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
Between March 27, 1998 and March 31, 1999, Mr. Nisselson acquired
21,300 shares for an aggregate purchase price of $65,493.75. All funds for such
purchases were obtained from personal funds of Mr. Nisselson.
Page 3 of 5 Pages
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Item 4. Purpose of Transaction
----------------------
The purpose of the transactions is to increase the number of shares
owned by Mr. Nisselson and held for investment purposes.
Mr. Nisselson may from time to time purchase additional shares in the
public market.
Item 5. Interest in Securities of the Issuer
------------------------------------
(a) 730,552 shares, constituting 36.0%.
(b) Items 7, 8, 9 and 10 of the second part of the cover page are
hereby incorporated by reference.
(c) Between March 27, 1998 and March 31, 1999, Mr. Nisselson made the
following purchases:
Date of Number of Price
Transaction Shares per share($)
-------------- --------- ------------
7/28/98 500 3.125
7/30/98 500 3.125
7/31/98 500 3.125
8/6/98 500 3.125
8/27/98 9,100 3.125
9/3/98 2,000 3.000
9/9/98 3,300 3.0625
12/10/98 3,000 3.000
3/31/99 1,900 3.000
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21,300
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of
the Issuer
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On October 22, 1984, Mr. Nisselson, as a member of the Speed-O-Print
Business Machines Investors Group, consisting of Mr. Nisselson, Lawrence J.
Goldstein, the L. J. Goldstein &
Page 4 of 5 Pages
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Company Pension Plan, the Keogh Plan for Lawrence J. Goldstein, the Individual
Retirement Account of Lawrence J. Goldstein, Jack T. Schwartz and Roz-Dave
Corp., a Delaware Corporation (the "Group"), entered into an agreement (the
"Agreement") with Speed-O-Print Business Machines Corporation (the "Company"),
Mr. Abe Samuels, the President of the Company ("Samuels") and the trustees of a
trust established by Samuels (the "Samuels Trust"). The Group was granted a
right of first refusal with respect to any proposed sale to a third party of the
Shares in a block transaction (as such term is defined in the Agreement). Mr.
Nisselson has no currently effective contract arrangement, understanding or
relationship with any other person with respect to any securities of the
Company, including, but not limited to the transfer or voting of any such
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, loans, division of profits or loss or the giving
or withholding of proxies.
Item 7. Material to be Filed as Exhibits
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None.
Signature
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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: April 5, 1999
/s/ Peter Nisselson
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Peter Nisselson
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