SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
SMT HEALTH SERVICES INC.
(Name of Issuer)
Common Stock $0.01 Par Value
(Title of Class of Securities)
784585-10-1
(CUSIP Number)
Mark DeSimone
3 Deer Hollow Drive
Presto, PA 15142
(412) 276-2041
September 26, 1996
(Date of Event Which Required 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 13-d-1(b)(3) or (4), check the
following box. ______
Check the following box if a fee is being paid with this statement. _____
CUSIP NO. 784585-10-1
______________________________________________________________________________
1. Names of Reporting Persons; SS or I.R.S. Identification Nos. of Above
Persons.
Mark DeSimone SS# ###-##-####
______________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a)
(b) X Membership in any group is disclaimed.
______________________________________________________________________________
3. SEC Use Only.
______________________________________________________________________________
4. Source of Funds 00
______________________________________________________________________________
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
______________________________________________________________________________
6. Citizenship or Place of Organization: U.S.A.
______________________________________________________________________________
Number of 7. Sole Voting Power None
Shares _____________________________________________________
Beneficially 8. Shared Voting Power None
Owned by _____________________________________________________
Each Reporting 9. Sole Dispositive Power None
Person With _____________________________________________________
10. Shared Dispositive Power None
______________________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting
Person -0-
______________________________________________________________________________
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares Not Applicable
______________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11) 0
______________________________________________________________________________
14. Type of Reporting Person IN
CUSIP NO. 784585-10-1
Item 1. Security and Issuer
Common Stock, $0.01 Par Value
SMT Health Services Inc.
10521 Perry Highway
Wexford, PA 15090
Item 2(a). Name of Person Filing.
Mark DeSimone
Item 2(b). Address of Principal Business Office.
3 Deer Hollow Drive
Presto, PA 15142
Item 2(c). Principal Employment or Occupation
Item 2(d). Criminal Proceedings.
None.
Item 2(e). Civil Proceedings.
None.
Item 2(f). Citizenship.
United States of America
Item 3. Source and Amount of Funds or Other Consideration.
37,800 non-qualified stock options to purchase 37,800 shares of
Common Stock were exercised and sold in a cashless transaction by
the Reporting Person. The exercise price of the stock options
ranged from $1.78 to $4.375 and the Common Stock was sold for
approximately $6.00 per share.
Warrants to purchase 114,500 shares of Common Stock were exercised
and sold in a cashless transaction by the Reporting Person on
September 26, 1996. The Warrants were granted to the Reporting
Person during 1995 in his capacity as a Director of the Issuer.
The exercise price of the Warrants were $4.02 and the Common Stock
was sold for $6.50 per share.
CUSIP NO. 784585-10-1
Item 4. Purpose of Transaction.
37,800 non-qualified stock options to purchase 37,800 shares of
Common Stock were exercised and sold in a cashless transaction by
the Reporting Person. The exercise price of the stock options
ranged from $1.78 to $4.375 and the Common Stock was sold for
approximately $6.00 per share.
The Reporting Person is a former Director of the Issuer and exercised
the options prior to such options expiring.
Warrants to purchase 114,500 shares of Common Stock were exercised
and sold in a cashless transaction by the Reporting Person on
September 26, 1996. The Warrants were granted to the Reporting
Person during 1995 in his capacity as a Director of the Issuer.
The exercise price of the Warrants were $4.02 and the Common Stock
was sold for $6.50 per share.
The purpose of this transaction is for personal liquidity.
Item 5(a). Interest in Securities of Issuer.
Aggregate Number - -0-
Percentage of Class of Securities - 0
Item 5(b). Number of Shares as to which Such Person Has:
(i) Sole Power to Vote or Direct the Vote:
None.
(ii) Shared Power to Vote or to Direct the Vote:
None.
(iii) Sole Power to Dispose or to Direct the Disposition:
None.
(iv) Shared Power to Dispose or to Direct the Disposition:
None.
Item 5(c). Describe any Transactions in the Class of Securities Reported or
That Were Effected During the Past Sixty Days or Since the Most
Recent Filing on Schedule 13D, Whichever is Less, By the
Reporting Person:
None.
CUSIP NO. 784585-10-1
Item 5(d). Rights of Other Persons.
None.
Item 5(e). The Reporting Person Ceased To Be a Beneficial Owner of More Than
5% of the Common Stock of the Issuer on September 26, 1996.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
None Applicable.
Item 7. Material to be Filed as Exhibits.
Non Applicable.
______________________________________________________________________________
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.
Date: September 27, 1996
/S/ Mark A. DeSimone
______________________________
Signature
Former Director
_______________________________
Name/Title
