SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ARGUSS HOLDINGS, INC. (formerly CONCEPTRONIC, INC.)
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
206010100
--------------
(CUSIP Number)
Copy to: Stephen A. Cohen, Esq.
Applewood Associates, L.P. Morrison Cohen Singer & Weinstein, LLP
68 Wheatley Road 750 Lexington Avenue
Brookville, NY 11545 New York, New York 10022
Telephone (516) 626-3070 Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
May 25, 1997
----------------------------------------------------
(Date of Event which Requires Filing 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 space ___.
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).
(Continued on following page(s))
<PAGE>
CUSIP
No. 206010100 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Applewood Associates, L.P.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 333,333 shares 4.6%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 0 shares 0%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With 333,333 shares 4.6%
----------------------------------------------------------
10 Shared Dispositive Power
0 shares 0%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
333,333 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP
No. 206010100 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Rubenstein
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0.0%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 333,333 shares 4.6%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With 0 shares 0.0%
----------------------------------------------------------
10 Shared Dispositive Power
333,333 shares 4.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
333,333 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP
No. 206010100 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Irwin Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0.0%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 333,333 shares 4.6%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With 0 shares 0.0%
----------------------------------------------------------
10 Shared Dispositive Power
333,333 shares 4.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
333,333 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP
No. 206010100 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Barry Fingerhut
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0.0%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 333,333 shares 4.6%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With 0 shares 0.0%
----------------------------------------------------------
10 Shared Dispositive Power
333,333 shares 4.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
333,333 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP
No. 206010100 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Applewood Capital Corp.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0.0%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 333,333 shares 4.6%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With 0 shares 0.0%
----------------------------------------------------------
10 Shared Dispositive Power
333,333 shares 4.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
333,333 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP
No. 206010100 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Seth Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0.0%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 333,333 shares 4.6%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With 0 shares 0.0%
----------------------------------------------------------
10 Shared Dispositive Power
333,333 shares 4.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
333,333 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP
No. 206010100 13D
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jonathan Lieber
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds* WC
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required |_|
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0 shares 0.0%
Shares
Beneficially ----------------------------------------------------------
Owned By 8 Shared Voting Power
Each 333,333 shares 4.6%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With 0 shares 0.0%
----------------------------------------------------------
10 Shared Dispositive Power
333,333 shares 4.6%
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
333,333 shares
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
4.6%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This statement, dated May 25, 1997, constitutes Amendment No. 1 to the
Schedule 13D, dated November 25, 1996, regarding the reporting persons'
ownership of certain securities of Arguss Holdings, Inc. (formerly,
Conceptronic, Inc.).
The Schedule 13D is hereinafter referred to as the "Schedule". All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed thereto in the Schedule.
This Amendment No. 1 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting
persons. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
(a) The following list sets forth the aggregate number and percentage
(based on 7,271,326 shares of Common Stock outstanding after the conversion of
4,000,000 shares of Class A Common Stock) of outstanding shares of Common Stock
owned beneficially by each person named in Item 2, as of May 25, 1997:
Shares of Percentage of Shares of
Common Stock Common Stock
Name Beneficially Owned Beneficially Owned
---- ------------------ ------------------
Applewood Associates, L.P 333,333(1) 4.6%
Barry Rubenstein 333,333(2,3) 4.6%
Irwin Lieber 333,333(2,3) 4.6%
Barry Fingerhut 333,333(2,3) 4.6%
Applewood Capital Corp. 333,333(2,3) 4.6%
Seth Lieber 333,333(2,4) 4.6%
Jonathan Lieber 333,333(2,4) 4.6%
(b) Applewood has sole power to vote and to dispose of 333,333 shares of
- --------------
(1) The reporting person has sole power to vote and dispose of 333,333
shares of Common Stock.
(2) The reporting person disclaims beneficial ownership of these
securities except to the extent of its equity ownership therein.
(3) The reporting person is a general partner of Applewood and accordingly
has shared dispositive and voting power with respect to the 333,333 shares of
Common Stock owned by Applewood.
(4) The reporting person is an officer of Applewood Capital and
accordingly has shared voting and dispositive power with respect to the 333,333
shares of Common Stock owned by Applewood.
<PAGE>
Common Stock, representing approximately 4.6% of the outstanding Common Stock.
By virtue of being a general partner of Applewood, Barry Rubenstein, Irwin
Lieber and Barry Fingerhut may be deemed to have shared power to vote and to
dispose of 333,333 shares of Common Stock, representing approximately 4.6% of
the outstanding Common Stock.
By virtue of being an officer of Applewood Capital Corp., Seth Lieber and
Jonathan Lieber may be deemed to have shared power to vote and to dispose of
333,333 shares of Common Stock, representing approximately 4.6% of the
outstanding Common Stock.
(c) The following is a description of all transactions in shares of Common
Stock of the Issuer by the persons identified in Item 2 of this Schedule 13D
effected from March 25, 1997 through May 25, 1997, inclusive.
On May 25, 1997, the 333,333 shares of Class A Common Stock were
automatically converted into 333,333 shares of Common Stock of the Issuer.
(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 such securities.
(e) On May 25, 1997, the reporting persons ceased to be the beneficial
owners of more than five percent (5%) of the Common Stock of the Issuer.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, correct and
complete.
APPLEWOOD ASSOCIATES, L.P.
By: s/ Irwin Lieber
---------------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By: s/ Barry Rubenstein
---------------------------------
Barry Rubenstein, President
s/ Barry Rubenstein
------------------------------------
Barry Rubenstein
s/ Irwin Lieber
------------------------------------
Irwin Lieber
s/ Barry Fingerhut
------------------------------------
Barry Fingerhut
s/ Seth Lieber
------------------------------------
Seth Lieber
s/ Jonathan Lieber
------------------------------------
Jonathan Lieber
Date: June 2, 1997
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C.
1001).
