<PAGE>
OMB APPROVAL
OMB Number: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response...14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Barry's Jewelers, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
068891308
- ------------------------------------------------------------------------------
(CUSIP Number)
Edward I. Tishelman, c/o Hartman & Craven LLP,
460 Park Avenue,
New York, NY 10022
(212) 753-7500
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
January 15, 1997
- ------------------------------------------------------------------------------
(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. 068891308 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary Gelman
SS No. ###-##-####
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 PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
456,700
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 456,700
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 456,700
PERSON
WITH 10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
456,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.42%
14 TYPE OF REPORTING PERSON*
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>
Page 3 of 5
Item 1. Security and Issuer
The undersigned's holdings of shares of common stock ("Stock") of
Barry's Jeweler's Inc. (the "Company") as of January 7, 1997 is
456,700 shares, or 11.42% of the Company's issued and outstanding
shares of Stock, as calculated by the 3,999,416 shares of Stock
reported by the Company on its Form 10-Q for the period ending August
30, 1996.
Item 2. Identity and Background
This statement is being filed by Mr. Gelman, a United States citizen
whose business address is c/o American Claims Evaluation, Inc., One
Jericho Plaza, Jericho, New York 11753. Mr. Gelman's principal
occupation is as Chairman of the Board, President, Chief Executive and
Chief Operating Officer of American Claims Evaluation, Inc., whose
principal business is the verification of medical bills presented for
payment to insurance companies and others and rendering services in
the vocational rehabilitation of persons involved in workmen's
compensation disabilities.
Mr. Gelman has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors) or been 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.
Item 3. Source and Amount of Funds or Other Consideration
The source of funds used was personal funds of the reporting person.
Item 4. Purpose of Transaction
(a) The undersigned purchased the shares of Stock for investment.
The undersigned may, at any time or from time to time, acquire
additional shares of Stock, and expressly reserves the right, at
any time or from time to time, to dispose of any or all of his
shares of Stock.
(b)-(j) Not Applicable.
<PAGE>
Page 4 of 5
Item 5. Interest in Securities of the Issuer
(a) The aggregate number of the Company's shares of Stock beneficially
owned by the undersigned on the close of business on the date set
forth on the cover was 456,700, approximately 11.42% of the shares
outstanding on that date, based upon the 3,999,416 shares of Stock
reported by the Company to be issued and outstanding.
(b) Number of Shares as to which, on the date referred to on the cover the
undersigned had:
(i) sole power to vote or to direct the vote................. 456,700
(ii) shared power to vote or to direct the vote............... 456,700
(iii)sole power to dispose or to direct the disposition of.... 456,700
(iv) shared power to dispose or to direct the disposition of.. -0-
(c) Other than as described hereinafter, there were no transactions in the
Company's shares effected by the undersigned during the sixty day
period preceding the date set forth on the cover.
Shares Purchased Date Price Per Share
5,000 1/16/97 $1.80
40,000 1/15/97 $2.01
45,000 1/15/97 $1.23
40,600 1/15/97 $1.16
80,000 1/6/97 $2.30
25,000 1/2/97 $2.27
25,000 1/2/97 $2.34
13,600 12/31/96 $2.27
5,000 12/27/96 $2.27
2,500 12/20/96 $2.22
5,000 11/21/96 $2.39
(d) Not applicable.
(e) Not applicable.
<PAGE>
Page 5 of 5
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Not Applicable.
Item 7. Material to Be Filed as Exhibits
Not Applicable.
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.
Dated: January 21, 1997
s/Gary Gelman
Gary Gelman
