UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1 )*
Meris Laboratories Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
589848100
(CUSIP Number)
JoAnn M. Strasser, Esq., Brown, Cummins, & Brown Co., L.P.A., 3500 Carew Tower,
441 Vine Street, Cincinnati, Ohio 45202 (513) 381-2121
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
5/23/96
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule G to
report the acquisition which is the subject of this Schedule D, and is filing
this schedule because of Rule 13d-1(b) (3) or (4), check the following box. [ ]
The remainder of this cover 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 subsquenent amendment containing information which would alter the
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).
1.NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morton H. Sachs
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
3.SEC USE ONLY
4.SOURCE OF FUNDS
PF;OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
6.CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF 7. SOLE VOTING POWER 856,500
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
<PAGE>
EACH 9. SOLE DISPOSITIVE POWER 856,500
REPORTING PERSON
WITH 10. SHARED DISPOSITIVE POWER 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
856,500
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.7%
14. TYPE OF REPORTING PERSON*
IN
13D
Additional Information
Item #
1.(a) Name of Issuer:
Meris Laboratories Inc.
(b) Address of Issuer's Principal Executive Offices:
110 Summit Avenue
P.O. Box 460
Montvale, NJ 07645
2.(a) Name of Person Filing:
Morton H. Sachs
(b) Address of Principal Business Office for Each of the Above:
1346 South Third Street
Louisville, KY 40208
(c) Principal Occupation
Investment Adviser
(d) No
(e) No
(f) Citizenship:
United States
3. Source and Amount of Funds or Other Consideration:
Reporting Person disclaims beneficial ownership of 744,000 shares, which
represents the shares beneficially owned by the advisory clients of Morton H.
Sachs & Company dba The Sachs Company (the "Disclaimed Shares").
With respect to the Disclaimed Shares, the source of the aggregate
purchase price of $274,726 was the advisory clients for whose accounts the
shares were purchased. Shares owned directly by Reporting Person were purchased
with personal funds and amounted to $61,563.
4. Purpose of the Transaction:
The Disclaimed Shares were acquired for advisory clients' investment.
Reporting Person acquired the remaining shares for investment
5. Interest in Securities of the Issurer:
(a) Reporting person may be deemed to beneficially own 856,500 shares of
common stock, representing 10.7% of the outstanding stock of the Issuer.
(b) Reporting Person has sole power to vote or to direct the vote, and
sole power to dispose or to direct the disposition of such Reporting person's
shares of the Issurer's stock.
<PAGE>
(c) See list below of transactions affecting beneficial ownership for
Morton H. Sachs
<TABLE>
<S> <C> <C> <C> <C> <C>
Price Trade
Trade Per Total Affected
Date Shares Share Cost Through
---- ------ ----- ---- --------
Purchases:
4/30/96 5,000 1.593 7,962.50 Smith-Barney
4/30/96 10,000 1.563 15,625.00 Legg Mason
4/30/96 10,000 1.610 16,102.21 Legg Mason
5/14/96 10,000 1.469 14,687.50 Legg Mason
5/14/96 5,000 1.500 7,500.00 Legg Mason
5/22/96 10,000 1.188 11,875.00 Legg Mason
5/22/96 10,000 1.188 11,875.00 Legg Mason
5/22/96 10,000 1.188 11,875.00 Legg Mason
5/22/96 25,000 1.221 30,515.38 Legg Mason
5/22/96 20,000 1.230 24,591.76 Legg Mason
5/22/96 10,000 1.188 11,875.00 Legg Mason
5/22/96 5,000 1.238 6,190.62 Legg Mason
5/23/96 30,000 1.288 38,625.00 Legg Mason
5/23/96 25,000 1.229 30,723.70 Legg Mason
5/23/96 10,000 1.188 11,875.00 Legg Mason
5/23/96 25,000 1.219 30,464.65 Legg Mason
5/23/96 20,000 1.230 24,591.76 Legg Mason
5/23/96 4,000 1.238 4,952.39 Legg Mason
5/23/96 20,000 1.219 24,381.32 Legg Mason
Total
Sales: Proceeds
--------
5/01/96 10,000 1.500 15,000.00 Legg Mason
5/01/96 5,000 1.500 7,500.00 Legg Mason
5/06/96 10,000 1.293 12,930.00 Legg Mason
5/06/96 10,000 1.293 12,930.00 Legg Mason
5/06/96 10,000 1.250 12,500.00 Legg Mason
5/06/96 5,000 1.199 5,994.44 Legg Mason
5/06/96 5,000 1.250 6,250.00 Legg Mason
5/07/96 10,000 1.250 12,500.00 Legg Mason
5/10/96 2,000 1.188 2,376.39 Legg Mason
5/15/96 10,000 0.987 9,869.75 Legg Mason
5/15/96 10,000 0.996 9,960.37 Legg Mason
5/15/96 8,500 1.021 8,680.63 Legg Mason
5/15/96 12,000 1.053 12,630.00 Legg Mason
5/15/96 4,500 1.115 5,017.50 Legg Mason
5/15/96 10,000 1.021 10,212.50 Legg Mason
5/15/96 5,000 0.982 4,909.22 Legg Mason
5/16/96 10,000 1.021 10,212.50 Legg Mason
5/16/96 5,000 0.990 4,950.00 Legg Mason
5/16/96 5,000 0.928 4,637.50 Legg Mason
</TABLE>
(d) With respect to the Disclaimed Shares, each advisory client has the
right to receive dividends from, and proceeds from the sale of, its respective
shares.
(e) N/A
6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issurer:
Reporting Person has entered into no contracts, arrangements,
understandings or relationships with respect to securities of the Issuer.
7. Materials to be Filed as Exhibits
None
<PAGE>
Reporting Person disclaims beneficial ownership of 744,000 shares, which
represents the shares beneficially owned by the advisory clients of Morton H.
Sachs & Company dba The Sachs Company.
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated as of: May 23, 1996 Signature By: /s/ Morton H. Sachs
Dated on: February 27, 1997 Morton H. Sachs
