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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Concord Camera Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
206156101
(CUSIP Number)
Edward I. Tishelman
c/o Hartman & Craven LLP
460 Park Avenue NY, NY 10022
(212) 836-4940
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 13, 1996
(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
statement 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.
*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).
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SCHEDULE 13D
CUSIP No. 206156101 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary Gelman
Soc. Sec. No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF - Personal Funds
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 534,700
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 534,700
PERSON 10 SHARED DISPOSITIVE POWER
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
534,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
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.
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Page 3 of 5
Item 1. Security and Issuer
The undersigned's holdings of Common stock of Concord Camera
Corporation (the "Company") as of October 17, 1996 is 534,700
shares, or 4.9% of the Company's issued and outstanding shares
of Stock, as calculated by the 10,944,026 shares of Stock
reported by the Company on its Form 10-K for the period ending
June 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 and sold the shares of Stock for purposes
of reducing his holdings. 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.
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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 534,700, approximately
4.9% of the shares outstanding on that date, based upon the
10,944,026 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 534,700
(ii) shared power to vote or to direct the vote -0-
(iii) sole power to dispose or to direct the
disposition of 534,700
(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 11/01 $1.70
5,000 10/22 2.01
9,400 10/17 2.205
15,500 10/16 2.205
11,000 10/15 2.10
31,000 10/14 2.115
9,000 10/11 2.2025
8,000 10/10 2.265
6,500 10/09 2.3275
22,500 10/07 2.41
7,500 10/03 2.39
20,800 10/01 2 3/8
5,000 9/20 2.265
28,000 9/20 2.32
13,000 9/18 2.175
8,000 9/13 2.36
Shares Sold Date Price Per Share
----------- ---- ---------------
4,000 11/13 $2.22
5,000 11/11 2.32
15,000 11/06 2.16
(d) Not applicable.
(e) Not applicable.
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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: November 19, 1996 /s/ Gary Gelman
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Gary Gelman
