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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Barringer Laboratories, Inc.
_______________________________________________________
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
_______________________________________________________
(Title of Class of Securities)
068508100
_______________________________________________________
(CUSIP Number)
William R. Collins, Esq.
Howard, Darby & Levin
1330 Avenue of the Americas
New York, New York 10019
(212) 841-1000
_______________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 15, 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 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 [ ].
Page 1 of 9 Pages
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CUSIP No. 068508100 13D Page 2 of 9 Pages
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<TABLE>
<C> <S> <C>
- -----------------------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
John P. Holmes, III
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
- -----------------------------------------------------------------------------------------------
4 Sources of Funds (See Instructions)
PF
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5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
United States of America
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Number of 7 Sole Voting Power
Shares
184,447
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Beneficially 8 Shared Voting Power
Owned by
0
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Each 9 Sole Dispositive Power
Reporting
184,447
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Person With 10 Shared Dispositive Power
0
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
184,447
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [X]
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13 Percent of Class Represented by Amount in Row (11)
11.2%
- -----------------------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
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</TABLE>
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CUSIP No. 068508100 13D Page 3 of 9 Pages
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<TABLE>
<C> <S> <C>
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
J. Francis Lavelle
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Sources of Funds (See Instructions)
PF
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5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
- -----------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States of America
- -----------------------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares
188,447
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Beneficially 8 Shared Voting Power
Owned by
0
--------------------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting
188,447
--------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
0
- -----------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
188,447
- -----------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [X]
- -----------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
11.4%
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14 Type of Reporting Person (See Instructions)
IN
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</TABLE>
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CUSIP No. 068508100 13D Page 4 of 9 Pages
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<TABLE>
<C> <S> <C>
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Thomas A. Dippel
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Sources of Funds (See Instructions)
PF
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5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
United States of America
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Number of 7 Sole Voting Power
Shares
19,821
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Beneficially 8 Shared Voting Power
Owned by
0
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Each 9 Sole Dispositive Power
Reporting
19,821
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Person With 10 Shared Dispositive Power
0
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
19,821
- -----------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [X]
- -----------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
1.2%
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14 Type of Reporting Person (See Instructions)
IN
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</TABLE>
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CUSIP No. 068508100 13D Page 5 of 9 Pages
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<TABLE>
<C> <S> <C>
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Timothy C. deGavre
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Sources of Funds (See Instructions)
PF
- -----------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
- -----------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States of America
- -----------------------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares
2,000
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Beneficially 8 Shared Voting Power
Owned by
0
--------------------------------------------------------------------------
Each 9 Sole Dispositive Power
Reporting
2,000
--------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
0
- -----------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,000
- -----------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [X]
- -----------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
0.1%
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14 Type of Reporting Person (See Instructions)
IN
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</TABLE>
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Page 6 of 9 Pages
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This Amendment No. 2 amends and supplements the Statement on
Schedule 13D, originally filed with the Securities and Exchange Commission on
May 23, 1996, as amended by Amendment No. 1 filed on August 26, 1996 (the
"Schedule 13D"), by John P. Holmes, III, J. Francis Lavelle and Thomas A.
Dippel. Capitalized terms not defined herein have the meanings assigned thereto
in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 of the Schedule 13D is hereby amended in its entirety to
read as follows:
The persons filing this Statement are John P. Holmes, III
("JPH"), J. Francis Lavelle ("JFL"), Thomas A. Dippel ("TAD") and Timothy C.
deGavre ("TCD") (collectively, the "Reporting Persons"). Each Reporting Person
is a citizen of the United States of America.
The Reporting Persons may be deemed to be a "group" within the
meaning of Rule 13d-5 promulgated under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). Each Reporting Person disclaims beneficial
ownership of Shares owned by the other Reporting Persons.
JPH's principal occupation or employment is serving as president
and managing director of Ahern Partners, a money management firm. JPH also
serves as a managing director of Green Field Capital Management, Inc. ("Green
Field") and Aspetuck Capital Management Inc. ("Aspetuck"), which are private
investment firms. JPH's business address is c/o Ahern Partners, 18 Kings Highway
North, Westport, Connecticut 06880.
JFL's principal occupation or employment is serving as a managing
director of The Nassau Group, Inc. ("Nassau"), an investment banking firm which
provides strategic advisory services to its corporate clients. JFL also serves
as a managing director of Green Field and Aspetuck. Since July 12, 1996, JFL has
been a director of the Issuer. JFL's business address is c/o The Nassau Group,
Inc., 18 Kings Highway North, Westport, Connecticut 06880.
TAD's principal occupation or employment is serving as an
associate of Nassau. TAD also serves as an associate of Green Field and
Aspetuck. TAD's business address is c/o The Nassau Group, Inc., 18 Kings Highway
North, Westport, Connecticut 06880.
TCD's principal occupation or employment is serving as an analyst
with Nassau and Aspetuck. TCD's business address is c/o The Nassau Group, Inc.,
18 Kings Highway North, Westport, Connecticut 06880.
No Reporting Person has during the last five years (i) been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
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.
Item 3 of the Schedule 13D is hereby supplemented as follows:
JPH acquired beneficial ownership of 4,006 additional Shares
pursuant to the issuance by the Issuer to JPH of the warrant described in Item
6.
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Page 7 of 9 Pages
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The aggregate purchase price for 8,000 of the 12,006 additional
Shares acquired by JFL, including payment of commissions, was $10,510. The
purchase of these Shares was funded from cash available to JFL. JFL acquired
beneficial ownership of the other 4,006 Shares pursuant to the issuance by the
Issuer to JFL of the warrant described in Item 6.
TAD acquired beneficial ownership of 322 additional Shares
pursuant to the issuance by the Issuer to TAD of the warrant described in Item
6.
The aggregate purchase price for the 2,000 Shares acquired by
TCD, including payment of commissions, was $2,865. The purchase of these Shares
was funded from cash available to TAD.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule 13D is hereby amended in its entirety to
read as follows:
(a) The following table sets forth information with respect to
the Shares beneficially owned by each Reporting Person as of the close of
business on October 15, 1996:
<TABLE>
<CAPTION>
Number of Approximate Percentage of
Name Shares Outstanding Shares (1)
---- --------- -------------------------
<S> <C> <C>
JPH 184,447(2)(3) 11.2%
JFL 188,447(2)(4) 11.4%
TAD 19,821(2)(5) 1.2%
TCD 2,000(2) 0.1%
</TABLE>
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(1) Computed on the basis of 1,652,016 Shares outstanding as of June 30,
1996 as specified in the Issuer's Quarterly Report on Form 10-QSB for
the quarter ended June 30, 1996.
(2) The Reporting Persons may be deemed to be a "group" within the meaning
of Rule 13d-5 promulgated under the Exchange Act, by virtue of an
understanding between them to act together from time to time for the
purpose of acquiring holding, voting, or disposing of Shares. Thus,
pursuant to Rule 13d-5, each Reporting Person may be deemed to
beneficially own all Shares beneficially owned by the other Reporting
Persons. Each Reporting Person disclaims beneficial ownership of such
Shares.
(3) Includes 34,447 Shares that JPH has the right to acquire upon exercise
of the warrants described in Item 6. Excludes 4,006 Shares issuable upon
exercise of warrants that the Issuer has agreed to issue to JPH within
60 days of this Statement as described in Item 6.
(4) Includes 34,447 Shares that JPL has the right to acquire upon exercise
of the warrants described in Item 6. Excludes 4,006 Shares issuable upon
exercise of warrants that the Issuer has agreed to issue to JFL within
60 days of this Statement as described in Item 6.
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(5) Includes 2,774 Shares that TAD has the right to acquire upon exercise of
the warrants described in Item 6. Excludes 322 Shares issuable upon
exercise of warrants that the Issuer has agreed to issue to TAD within
60 days of this Statement as described in Item 6.
(b) JPH has the sole power to vote or to direct the vote and to
dispose or to direct the disposition of 150,000 Shares that he beneficially
owns. Upon exercise of the warrants described in Item 6, JPH will have sole
power to vote or to direct the vote or to dispose or to direct the disposition
of the other 34,447 Shares that he beneficially owns.
JFL has the sole power to vote or to direct the vote or to
dispose or to direct the disposition of 154,000 Shares that he beneficially
owns. Upon exercise in whole of the warrants described in Item 6, JFL will have
sole power to vote or to direct the vote or to dispose or to direct the
disposition of the other 34,447 Shares that he beneficially owns.
TAD has the sole power to vote or to direct the vote or to
dispose or to direct the disposition of 17,047 Shares that he beneficially owns.
Upon exercise in whole of the warrants described in Item 6, TAD will have sole
power to vote or to direct the vote or to dispose or to direct the disposition
of the other 2,774 Shares that he beneficially owns.
TCD has the sole power to vote or to direct the vote or to
dispose or to direct the disposition of 2,000 Shares that he beneficially owns.
(c) The following table sets forth the transactions with respect
to Shares effected during the past sixty days by each of the Reporting Persons.
The transactions set forth below were market purchases effected in the
over-the-counter market.
<TABLE>
<CAPTION>
Purchase(P) Price Per JPH JFL TAD TCD
Trade Date or Sale(S) Share($) Shares Shares Shares Shares
- ---------- ----------- --------- ------ ------ ------ ------
<S> <C> <C> <C> <C> <C> <C>
8/27/96 P 1.375 -- 4,000 -- --
8/29/96 P 1.125 -- 4,000 -- --
9/16/96 P 1.375 -- -- -- 2,000
</TABLE>
In August and September 1996, the Issuer issued to JPH, JFL and
TAD additional warrants to purchase an aggregate of 4,006, 4,006 and 322 Shares,
respectively, as described in Item 6.
(d) No other person has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, any
Shares which the Reporting Persons may be deemed to beneficially own, other than
10,000 Shares beneficially owned by JPH with respect to which JPH's daughters
share with JPH the right to receive dividends and sale proceeds.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Item 6 of the Schedule 13D is hereby supplemented as follows:
Pursuant to the Issuer Letter, in August and September, 1996, the
Issuer issued to JPH, JFL and TAD additional warrants in substantially the same
form as the JPH Warrant, the JFL Warrant and the TAD Warrant to purchase an
aggregate of 4,006, 4,006 and 322 Shares, respectively, at a price of $1.06 per
share.
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Page 9 of 9 Pages
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SIGNATURES
After reasonable inquiry and to the best of the knowledge and
belief of each of the undersigned, each of the undersigned certifies that the
information set forth in this statement is true, complete and correct.
Dated: October 15, 1996
/s/ John P. Holmes, III
___________________________________
John P. Holmes, III
/s/ J. Francis Lavelle
___________________________________
J. Francis Lavelle
/s/ Thomas A. Dippel
___________________________________
Thomas A. Dippel
/s/ Timothy C. deGavre
___________________________________
Timothy C. deGavre
