SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
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 33937
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 17, 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), 240.13.d-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 dispositive power 451,500
(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
451,500
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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)
7.464%
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(14) Type of reporting person
IN
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ITEM 1. SECURITY AND ISSUER
This Schedule relates to 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.
Gerald R. Allard's source of funds used to acquire
securities subject to this Schedule was personal funds, none of
which were borrowed. The aggregate purchase price of the
securities was $1,122,750.
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 D.
Gerald R. Allard may, at any time and from time to time, engage
in further purchases or sales of the issuer's securities.
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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 451,500
representing approximately 7.464% 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 securities.
(C) Gerald R. Allard effected the following purchases of the
securities, in broker transactions, in the past 60 days:
Date No. of Shares Price Per Share
October 28 7,200 $3.00
October 29 2,000 $3.00
November 3 1,600 $3.00
November 12 5,910 $2.625
November 15 10,000 $2.513
November 17 10,000 $2.4688
November 18 5,000 $2.375
December 8 5,000 $2.50
December 9 2,600 $2.50
December 10 2,400 $2.50
5,000 $2.4375
December 22 25,000 $1.9688
December 23 38,300 $2.129
10,000 $1.50
December 27 20,800 $1.8753
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.
January 4,2000
/s/ Gerald R. Allard
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Gerald R. Allard
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