SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Schedule 13D
Under the Securities Exchange Act of 1934
WPI Group, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
92930K107
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(CUSIP Number)
Gerald R. Allard
520 South Collier Boulevard
Chalet Number 301
Marco Island, Florida 38937
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 30, 1999
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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 that is the subject of
this Schedule 13D, and is filing this schedule because of
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
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(1) Names of reporting persons; I.R.S. Identification Nos.
of above persons (entities only)
Gerald R. Allard ###-##-####
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(2) Check the appropriate box if a member of a group
Not applicable (a) [ ]
(b) [ ]
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(3) SEC use only
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(4) Source of funds (see instructions)
PF
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(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e) [ ]
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(6) Citizenship or place of organization
United States
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Number of shares beneficially owned by each reporting person
with:
(7) Sole voting power 320,190
(8) Shared voting power -0-
(9) Sole dispositive power -0-
(10) Shared dispositive power -0-
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(11) Aggregate amount beneficially owned by each reporting
person.
320,190
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(12) Check if the aggregate amount in Row (11) excludes certain
shares (see instructions).
[ ]
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(13) Percent of class represented by amount in Row (11)
5.292%
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(14) Type of reporting person
IN
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ITEM 1. SECURITY AND ISSUER
This Schedule relates to the Common Stock, $0.01 par value,
of WPI Group, Inc., 1155 Elm Street, Manchester, New Hampshire
03101
ITEM 2. IDENTITY AND BACKGROUND
(a) Gerald R. Allard*
(b) 520 South Collier Boulevard, Chalet Number 301, Marco
Island, Florida 38937
(c) The principal occupation of Gerald R. Allard is investor.
(d) Gerald R. Allard has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) Gerald R. Allard has not, during the last five years, 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.
(f) Gerald R. Allard is a citizen of the United States.
____
*All shares are held by Gerald R. Allard, Trustee of the
Gerald R. Allard Revocable Trust of 1994, a grantor trust.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
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Gerald R. Allard's source of funds used to acquire the
securities subject to this Schedule was personal funds, none of
which were borrowed. The aggregate purchase price of the
securities was $1,117,463.
ITEM 4. PURPOSE OF TRANSACTIONS.
The purpose of the acquisition of the Securities is for
investment.
Gerald R. Allard does not have any plans or proposals which
relate to, or could result in, any of the matters referred to in
paragraphs (b) through (j), inclusive, of Item 4 of Schedule 13D.
Gerald R. Allard may, at any time and from time to time, engage
in further purchases or sales of the issuer's securities.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The aggregate number of shares of WPI Group, Inc.'s common
stock beneficially owned by Gerald R. Allard is 320,190
representing approximately 5.292% of the class, based on the most
recent Quarterly Report on Form 10-Q filed by the issuer.
(b) Gerald R. Allard possesses sole power to vote or direct the
vote and dispose or direct the disposition of the securities.
(c) Gerald R. Allard effected the following purchases of
the securities, in broker transactions, in the past 60 days:
<TABLE>
<CAPTION>
Date No. of Shares Price Per Share
<S> <C> <C>
August 12 1,000 $3.50
2,000 3.375
7,000 3.31
August 13 4,000 3.42
100 3.43
100 3.375
800 3.31
August 17 5,000 3.1875
5,000 3.25
August 23 1,700 3.0625
3,300 3.125
8,200 3.25
August 24 6,000 3.125
August 25 800 3.125
August 26 6,900 3.25
August 27 3,100 3.25
August 30 5,000 3.375
August 31 5,000 3.375
September 1 3,400 3.375
September 7 2,600 3.375
September 27 3,600 3.375
September 28 400 3.375
September 29 5,000 3.375
September 30 5,000 3.125
October 1 4,000 2.875
5,000 2.93
5,000 2.96
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
There are no contracts, understandings or relationships
(legal or otherwise) among the persons named in Item 2 hereof and
between such persons or any person with respect to any securities
of the Issuer, including but not limited to transfer or voting of
any of the Securities, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of
proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable
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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.
October 14, 1999
/s/Gerald R. Allard
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Gerald R. Allard
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