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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. _____)*
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)
October 17, 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 548,700
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 548,700
PERSON 10 SHARED DISPOSITIVE POWER
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
548,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5%
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. 2 of 7
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Page 3 of 5
Item 1. Security and Issuer
The undersigned purchased an aggregate of 483,000 shares of common
stock (the "Stock") of Concord Camera Corporation (the "Company")
between August 21, 1996 and October 17, 1996, in the open market. The
undersigned's holdings of stock of the Company as of October 17, 1996
is 548,700 shares, or 5% of the Company's issues 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.
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 548,700, approximately
5% 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........ 548,700
(ii) shared power to vote or to direct the vote...... -0-
(iii) sole power to dispose or to direct the
disposition of.................................. 548,700
(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
---------------- ---- ---------------
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
58,000 9/10 2.39
50,000 9/06 2.39
10,000 9/04 2.39
93,000 9/03 2.365
7,500 8/29 2.235
13,000 8/27 2.245
10,000 8/26 2.17
37,000 8/21 2.26
(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: October 21, 1996
/s/Gary Gelman
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Gary Gelman
