UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
LEADING BRANDS, INC.
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(Name of Issuer)
Common Stock, without par value
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(Title of Class of Securities)
52170U108
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(CUSIP Number)
December 30, 1999
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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.
<PAGE>
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CUSIP No. 52170U108
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1. NAME OF REPORTING PERSON
CounterPoint Capital Management L.L.C.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF 5. SOLE VOTING POWER 440,000
SHARES -----------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY -----------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 440,000
REPORTING -----------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
440,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.82%
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12. TYPE OF REPORTING PERSON
OO
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2
<PAGE>
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CUSIP No. 52170U108
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1. NAME OF REPORTING PERSON Andrew M. Brown
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- - -------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- - -------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER 0
SHARES ----------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY ----------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 0
REPORTING ----------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 0
- - -------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- - -------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
- - -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) -0-
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12. TYPE OF REPORTING PERSON
IN
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<PAGE>
Item 1.
(a) Name of Issuer:
Leading Brands, Inc.
(b) Address of Issuer's Principal Executive Offices
7400 River Road
Richmond, B.C.
V6X 1X6
CANADA
Item 2.
(a) Name of Person Filing
CounterPoint Capital Management L.L.C.
Andrew M. Brown is the Managing Member and sole shareholder
of CounterPoint Capital Management L.L.C.
Filing of this statement should not be construed as an
admission that such persons are the beneficial owners of
any securities covered by the statement.
(b) Address of Principal Business Office
360 Lexington Avenue, 21st Floor
New York, New York 10017
(c) Citizenship:
CounterPoint Capital Management L.L.C. is organized under
the laws of Delaware.
Andrew M. Brown is a citizen of the United States.
(d) Title of Class of Securities
Common Stock, without par value
(e) CUSIP Number
52170U108
4
<PAGE>
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or
13d-2(b) or (c), check the status of the person filing
Not applicable.
Item 4. Ownership
(a) Amount beneficially owned:
440,000
(b) Percent of class:
5.82%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
440,000
(ii) Shared power to vote or direct the vote
-0-
(iii) Sole power to dispose or direct the disposition of
440,000
(iv) Shared power to dispose or to direct the
disposition of
-0-
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
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<PAGE>
Item 6. Ownership of More than Five Percent on Behalf of Another Person
CounterPoint Capital Management L.L.C. is the managing
member of CounterPoint Master L.L.C. which is entitled to
receive dividends or proceeds from the sale of the
securities in this filing. CounterPoint Master L.L.C. is
organized under the laws of Delaware and maintains its
principal place of business at 360 Lexington Avenue, 21st
Floor New York, New York 10017.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control
Person
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not
held in connection with or as a participant in any
transaction having that purpose or effect.
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<PAGE>
SIGNATURES
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: January 6, 2000
/s/ Andrew M. Brown
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Andrew M. Brown
Individually and as Managing Member
of CounterPoint Capital Management
L.L.C.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (18 U.S.C. 1001)
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