SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 15)
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Advanced Detectors, Inc.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
007977101
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(CUSIP Number)
Nadine Shaoul, D.H. Blair Investment Banking Corp.
44 Wall Street, New York, NY 10005 (212) 495-4163
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 31, 1996
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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 [ ].
Check the following box if a fee is being paid with this 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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 6 pages
<PAGE>
CUSIP No. 007977101 13D Page 2 of 6 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. Morton Davis
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,269,621
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 161,820
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,269,621
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10 SHARED DISPOSITIVE POWER
161,820
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,547,201
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 007977101 13D Page 3 of 6 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D.H. Blair Investment Banking Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is required pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,269,621
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,269,621
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,269,621
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 007977101 13D Page 4 of 6 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rosalind Davidowitz
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 Source of Funds
See Item #3 herein.
- -------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is required pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 115,760
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 161,820
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 115,760
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
161,820
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
277,850
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 5 of 6 Pages
J. Morton Davis, D. H. Blair Investment Banking Corp. ("Blair
Investment"), and Rosalind Davidowitz (collectively, the "Reporting
Parties") hereby amend the following items in their statement on
Schedule 13D relating to the common stock, $.001 par value ("shares")
of Advanced Detectors, Inc. (the "Issuer") as follows:
Item 3. is hereby amended by adding the following new paragraph thereto:
This Amendment relates to the disposition of shares; no funds were
expended.
Item 4. is hereby partially amended by deleting the first sentence thereto and
substituting the following sentence at the beginning of Item 4.:
This Amendment is filed solely to report the disposition of 765,000
shares described in Item 5. (c) herein for investment purposes only.
Item 5. (a) is hereby amended in its entirety as follows:
As of December 31, 1996, Mr. Davis may be deemed to beneficially own
1,547,201 shares or 36.4% of the Issuer's shares issued and
outstanding as follows: (i) 543,885 shares owned directly by Blair
Investment, (ii) 150,000 warrants (4) owned directly by Blair
Investment, (iii) 25,736 warrants (5) owned directly by Blair
Investment, (iv) a Warrant (6) to purchase 350,000 shares owned
directly by Blair Investment, (v) a Warrant (7) to purchase 200,000
shares owned directly by Blair Investment, (vi) 75,900 shares owned
directly by Parliament Hill Corporation (8), (vii) 48,500 shares and
37,420 warrants (9) owned directly by Parliament Hill Capital
Corporation, and (viii) 115,760 shares directly owned by Rosalind
Davidowitz (10).
As of December 31, 1996, Blair Investment may be deemed to
beneficially own 1,269,621 shares or 30.1% of the Issuer's shares as
indicated in (i) - (v) above.
As of December 31, 1996, Rosalind Davidowitz may be deemed to
beneficially own 277,580 shares or 7.9% of the Issuer's shares as
indicated in (vi) - (viii) above.
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(4) Each warrant entitles Blair Investment to purchase one share at a price
of $2.40 per share, exercisable from January 30, 1992 to January 30, 1997.
(5) Each warrant entitles Blair Investment to purchase one share at a price
of $13.90 per share exercisable from March 1, 1993 to March 1, 1998.
(6) This Warrant entitles Blair Investment to purchase 350,000 shares at
$1.00 per share exercisable from July 13, 1995 to July 13, 1999.
(7) This Warrant entitles Blair Investment to purchase 200,000 shares at
$.25 per share exercisable from July 31, 1996 to July 31, 2001.
(8) Parliament Hill Corporation ("PHC") is a private corporation of which
Rosalind Davidowitz beneficially owns approximately 72.6%, and Blair Investment
beneficially owns approximately 18%. Parliament Hill Capital Corporation
("PHCC") is a wholly-owned subsidiary of PHC.
(9) Each warrant entitles PHCC to purchase one share at a price of $14.25
per share until April, 1997.
(10) Although Mr. Davis is including securities owned by Rosalind
Davidowitz in the aggregate amount of shares owned by him, filing of this
statement shall not be deemed an admission by J. Morton Davis that he
beneficially owns the securities attributed to Rosalind Davidowitz for any
purpose. J. Morton Davis expressly disclaims beneficial ownership of all
securities held by Rosalind Davidowitz.
<PAGE>
Page 6 of 6 pages
Item 5. (c) is hereby amended by adding the following paragraph:
On December 31, 1996, Blair Investment effected the following
private transactions:
AMOUNT PURCHASE PRICE PER
OF SHARES OR SALE SHARE
--------- ------- -----
125,000 Sale $.06
320,000 Sale $.06
320,000 Sale $.06
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
/s/ J. Morton Davis
Date: January 2, 1997 _____________________________
New York, New York J. Morton Davis
D.H. BLAIR INVESTMENT BANKING CORP.
/s/ David Nachamie
Date: January 2, 1997 by_____________________________
New York, New York David Nachamie
Treasurer
/s/ Rosalind Davidowitz
Date: January 2, 1997 _____________________________
New York, New York Rosalind Davidowitz
