SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BARRINGER LABORATORIES, INC.
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
068508100
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(CUSIP Number)
Alan H. Dorsey
c/o VALUE INVESTING PARTNERS, INC.
1853 Post Road East
Westport, Connecticut 06880
Tel. No.: (203) 256-9400
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Bruce A. Rich, Esq.
Reid & Priest LLP
40 West 57th Street
New York, New York 10019
(212) 603-6780
March 20, 1998
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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 the statement [ ].
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 (the "Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act.
(Continued on following pages)
<PAGE>
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CUSIP No. 068508100 13D Page 2 of 5 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Alan H. Dorsey
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(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 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 79,200
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 79,200
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 79,200
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
79,200
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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)
4.85%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP No. 068508100 13D Page 3 of 5 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
VIP Management Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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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
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NUMBER OF 7 SOLE VOTING POWER
SHARES - 0 -
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY - 0 -
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING - 0 -
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PERSON 10 SHARED DISPOSITIVE POWER
WITH - 0 -
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -
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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)
- 0 -
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14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
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CUSIP No. 068508100 13D Page 4 of 5 Pages
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
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The title of the class of equity securities to which this
statement on Schedule 13D (the "Statement") relates is the Common
Stock, $.01 par value per share ("Common Stock"), of Barringer
Laboratories, Inc., a Delaware corporation (the "Company"). The
Company's principal executive offices are at 15000 West 6th Avenue,
Suite 300, Golden, Colorado 80401-5047.
ITEM 2. IDENTITY AND BACKGROUND.
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(a) This Statement is being filed jointly by the following
reporting persons (hereinafter sometimes collectively referred to as
the "Filing Persons") pursuant to an Agreement of Joint Filing
attached to this Statement as Exhibit 1:
(i) Alan H. Dorsey ("Dorsey"), an individual is
an Officer of Value Investing Partners, Inc.
and the Chief Investment Officer of VIP
Management Corporation ("Management").
(ii) VIP Management, a Delaware corporation and a
wholly owned subsidiary of Value Investing
Partners, Inc., is the investment manager of
VIP Select Fund Ltd., a British Virgin
Islands corporation (the "Fund").
The Filing Persons filed an initial Schedule 13D for an event of
December 18, 1996.
ITEM 3. INTEREST IN THE SECURITIES OF THE ISSUER.
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(a) The beneficial ownership of each of the Filing Persons
of the Company's Common Stock as of the date hereof is as follows:
Dorsey beneficially owns 200 shares of the Company's Common Stock for
his own account and 79,000 for his IRA account, representing 4.85% of
the outstanding number of shares of Common Stock (based upon 1,633,792
shares outstanding as of September 30, 1997, as reported in the
Company's Form 10-QSB for the fiscal quarter ended September 30,
1997).
(b) Dorsey has the sole power to vote or dispose of 79,200
shares.
(c) The Filing Persons effected the following transactions
in the Company's Common Stock in the over-the-counter market during
the past sixty (60) days:
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SHARE PRICE
(includes
FILING PERSON TRADE DATE NUMBER OF SHARES commissions)
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Alan H. Dorsey IRA 03/20/98 29,000* $0.75
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VIP Select Fund 03/19/98 5,000** $0.83
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VIP Select Fund 03/20/98 34,000** $0.75
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* Purchase ** Sale
(d) Not applicable.
(e) On March 20, 1998, the Filing Persons ceased to be the
beneficial owner of more than 5% of the Company's Common Stock.
<PAGE>
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CUSIP No. 068508100 13D Page 5 of 5 Pages
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SIGNATURES
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: March 23, 1998
/s/ Alan Dorsey
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ALAN H. DORSEY
VIP MANAGEMENT CORPORATION
By: /s/ Alan Dorsey
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Alan H. Dorsey
Vice President
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