<PAGE>
Registration No. 333-26605
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________
Amendment No. 2
to
Form S-1
REGISTRATION STATEMENT*
UNDER
THE SECURITIES ACT OF 1993
ALPHA PRO TECH, LTD.
(Exact name of registrant as specified in its charter)
________
<TABLE>
<CAPTION>
<S> <C> <C>
Delaware 3842 63-1009183
(State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer
incorporation or organization) Classification Code Number) Identification
Number)
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Alpha Pro Tech, Ltd. Sheldon Hoffman, CEO
Suite 112, 60 Centurian Drive Suite 112, 60 Centurian Drive
Markham, Ontario L34 9R2 Markham, Ontario L34 9R2
(905) 479-0654 (905) 479-0654
(Name, address, including zip code and (Name, address, including zip code
telephone number, including area code and telephone number, including
of registrant's principal executive area code, of agent for service)
office)
</TABLE>
Copy to:
Peter Landau, Esq.
Opton Handler Feiler and Landau, LLP
52 Vanderbilt Avenue, New York, N.Y. 10017
Approximate date of commencement of proposed sale to public as soon as
practicable after effective date of Registration Statement.
If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box. / X /.
<PAGE>
Alpha Pro Tech, Ltd.
Notes to Consolidated Financial Statements
- ------------------------------------------------------------------------------
Option activity for the three years ended December 31, 1996 is as follows:
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<CAPTION>
Average
Exercise Price
Shares per Option
---------- ---------------
<S> <C> <C>
Options outstanding, December 31, 1993................ 1,732,000 .80
Granted to employees/directors...................... 100,000 1.00
Granted to lenders.................................. 747,500 .90
Granted to consultants.............................. 555,000 1.00
Exercised........................................... (253,400) .88
Expired............................................. (108,600) 1.00
Canceled............................................ (85,000) 0.75
---------- ---------------
Options outstanding, December 31, 1994................ 2,687,500 0.82
Granted to employees/directors...................... 784,000 1.36
Granted to consultants.............................. 540,000 1.45
Exercised........................................... (310,000) 0.85
Canceled............................................ (160,000) 1.92
---------- ---------------
Options outstanding, December 31, 1995................. 3,541,500 0.98
Granted to employees................................ 87,000 1.12
Granted to consultants.............................. 10,000 1.47
Exercised........................................... (656,000) 0.85
Canceled............................................ (393,500) 1.06
---------- ---------------
Options outstanding, December 31, 1996................. 2,589,000 $ 1.01
---------- ---------------
---------- ---------------
</TABLE>
The following summarizes information about stock options outstanding at
December 31, 1996:
<TABLE>
<CAPTION>
Options Outstanding
Exercise Average Average
Price Shares Price Term
---------------------------------------- ---------- ------------- ----
<S> <C> <C> <C>
$0.75 to $1.00.......................... 1,678,000 $ 0.79 1.61
$1.01 to $1.50.......................... 739,000 1.32 3.88
$1.51 to $2.00.......................... 50,000 2.00 1.25
$2.01 to $2.50.......................... 122,000 2.03 2.09
</TABLE>
All but 60,000 of the above options are exercisable at December 31, 1996.
The following summarizes the number of options and warrants issued for
services and the respective values assigned for the three years ended
December 31, 1996:
Shares Value
---------- ----------
1994
Options issued for services............... 1,302,500 $70,000
Warrants issued for services.............. 1,064,999 62,000
1995
Options issued for services.............. 540,000 56,000
Warrants issued for services............. 257,000 44,000
1996
Options issued for services (value
includes extension of exercise date for
55,000 options).......................... 10,000 22,000
Warrants issued for services (value
includes extension of exercise date for
119,048 warrants)........................ 95,384 46,000
F-23
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Markham, Province of
Ontario, Canada on April , 1997.
ALPHA PRO TECH, LTD.
---------------------------
BY: Sheldon Hoffman
Chief Executive Officer,
Principal Financial Officer
and Director
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
- --------------------------- -----------------------
SHELDON HOFFMAN, ALEXANDER W. MILLAR,
Chief Executive Officer President and Director
Principal Financial Officer Date: , 1997
and Director
Date: , 1997
- --------------------------- -----------------------
JOHN RITOTA, Director ROBERT ISALY, Director
Date: , 1997 Date: , 1997
- --------------------------- -----------------------
LLOYD HOFFMAN DONALD E. BENNETT, JR.
Vice President and Controller Director
Principal Accounting Officer Date: , 1997
Date: , 1997
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