SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Lakeland Industries, Inc.
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(Name of Issuer)
COMMON STOCK, $.01 par value
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(Title of Class of Securities)
511795
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(CUSIP Number)
Harold S. Poster, Esq., Gilmartin, Poster & Shafto,
One William St., N.Y., NY 10004
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(Name, Address, Telephone Number of Persons Authorized to
Receive Notices and Communications)
August 29, 1989
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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.
Page 1 of 6 Pages
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CUSIP No. 511795 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Christopher J. Ryan
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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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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH 251,977
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
251,977
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
251,977
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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)
9.4%
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14 TYPE OF REPORTING PERSON*
IN
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CUSIP No. 511795 13D Page 3 of 6 Pages
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SCHEDULE 13(D)
(Amendment No. 1)
This Amendment No. 1 restates and amends in its entirety the statement
of Christopher J. Ryan on Schedule 13D dated April 25, 1989.
Item 1. Security and Issuer
The class of equity securities to which the Schedule relates is the
Common Stock, $.01 par value per share (the "Common Stock") of Lakeland
Industries, Inc., a Delaware corporation ( the "Company") The Company has its
principal executive offices at 711-2 Koehler Avenue, Ronkonkoma, New York 11779.
This Schedule is being filed pursuant to Section 13(d) of (the Securities
Exchange Act"), and the rules and regulations promulgated thereunder.
Item 2. Identity and Background
(a) The name of the person filing this Schedule is Christopher J.
Ryan.
(b) Mr. Ryan's Business address is c/o Lakeland Industries,
Inc.711-2 Koehler Avenue, Ronkonkoma, New York 11779.
(c) Mr. Ryan's principal occupation is Director Executive Vice
President-Finance and Secretary of the Company.
(d) Mr. Ryan has not been convicted during the past five years in a
criminal proceeding.
(e) Mr. Ryan has not been a party during the past five years to any
civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of any such proceeding,
was not and is not subject to a judgement, degree or final order
enjoining future violations or of prohibiting or mandating
activities subject to federal or state securities laws or
finding any violation with respect to such laws.
(f) Mr. Ryan is a U.S. citizen.
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CUSIP No. 511795 13D Page 4 of 6 Pages
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Item 3. Source and Amount of Funds or Other Consideration
As described below in this Item 3, the Securities to which this Schedule
relates (a) were acquired, in part, by Mr. Ryan pursuant to the terms of an
employment agreement, having a term commencing February 1, 1986 and ending
January 31, 1989, between the Company and Mr. Ryan; (b) were acquired, in part,
by Mr. Ryan pursuant to subsequent purchases and/or exercises of options
relating to the Company's securities; or (c) are beneficially owned by Mr. Ryan
by reason of options to acquire such securities conferred on him in his capacity
as an employee of the Company, all as described hereinbelow.
When Mr. Ryan filed his original Schedule 13D dated April 25, 1989, he
owned an aggregate of 160,500 shares of the Company's Common Stock, 132,727
shares of which were transferred to him on January 31, 1989 upon the conclusion
of and pursuant to the Employment Agreement which commenced on February 1, 1986
and concluded on January 31, 1989.
In August 1989, Mr. Ryan sold 26,200 shares of the Company's Common
Stock owned by him. During the period commencing August 14, 1991 and ending
October 27, 1992, Mr. Ryan acquired by purchase an additional 22,000 shares of
the Company's Stock.
On November 20, 1992, Mr. Ryan aquired by purchase an additional 36,000
shares of the Company's Common Stock.
Mr. Ryan sold 1,073 shares of the Company's Common Stock on June 10,
1993 and acquired 1,000 shares of such Common Stock on July 19, 1995.
On September 13, 1997 pursuant to the exercise of stock options
conferred on him in his capacity as an employee of the Company, Mr. Ryan
acquired by purchase and additional 44,700 shares of the Company's Common Stock,
Bringing his total ownership of shares on that date to 246,927.
On October 14, 1999 Mr. Ryan acquired by purchase an additional 1,000
shares of the Company's Common Stock, bringing his total ownership of shares on
that date to 247,927.
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CUSIP No. 511795 13D Page 5 of 6 Pages
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As of the date hereof, Mr. Ryan is deemed to own an additional 4,050
shares of the Company's Common Stock by reason of options to acquire such stock
which were granted to him by the Company on January 1, 1994 and are presently
exercisable by him.
Taking into account Mr. Ryan's options to acquire 4,050 shares of the
Company's Common Stock and the 247,927 shares presently owned by him, Mr. Ryan
beneficially owns on the date hereof a total of 251,977 shares or the Company's
Common Stock.
Item 4. Purpose of Transaction
Mr. Ryan does not have any current plans or proposals which relate to or
would result in (a) the acquisition by any person of additional securities of
the Company, or the disposition of securities of the Company; (b) and
extraordinary corporate transaction, such as a merger, reorganization or
liquidation involving the Company or any of its subsidiaries; (c) a sale or
transfer of a material amount of assets of the Company or any of its
subsidiaries; (d) any change in the present board of directors or management of
the Company; (e)any material change in the present capitalization or dividend
policy of the Company;(f) any other material change in the Company's business or
corporate structure; (g) any change in the Company's Certificate of
Incorporation or By-Laws or other action which may impede the acquisition of
control of the Company by any person; (h) any of the Company's securities being
delisted from a national securities exchange or ceasing to be authorized to be
quoted in an inter-dealer quotation system of a registered national securities
association; (i) any of the Company's securities becoming eligible for
termination of registration pursuant to Section 12 (g) (4) of the Exchange Act;
and (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) On the date hereof Mr. Ryan is the beneficial owner of 251,977
shares of the Company's Common Stock.
(b) Mr. Ryan has the sole voting and disposition power in respect of
the 251,977 shares reported in Item 5 (a) of this Schedule,
there being no shared power to vote or direct the disposition of
such securities.
(c) There has been one transaction in the securities reported in
Item 5(a) by Mr. Ryan within the past 60 days. 1,000 Shares were
purchased on October 18, 1999.
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CUSIP No. 511795 13D Page 6 of 6 Pages
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(d) No person other than Mr. Ryan has the right to direct the
receipt to dividends from, or the proceeds from the sale of, the
securities of the Company reported in Item 5 (a) above.
(e) Inapplicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between Mr. Ryan and any person with respect to any
securities of the Company, including but not limited to transfer or voting of
any of the securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits or loss, or the giving or
withholding of proxies.
Item 7. Material to Be Filed as Exhibits
There are no agreements, contracts, arrangements, understandings, plans
or proposals existing with respect to the matters set forth in subdivisions (1),
(2) or (3) under Item 7 of this Schedule and, accordingly, there are no
exhibits.
Signature
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: November 2, 1999
/s/ Christopher J. Ryan
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Christopher J. Ryan
