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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
AMERICAN LOCKER GROUP INCORPORATED (formerly "AVM" Corporation)
(Name of Issuer)
COMMON STOCK $1.00 PAR VALUE
(Title of Class of Securities)
027284108
(CUSIP Number)
Charles E. Harris, 1500 Oliver Building, Pittsburgh, PA 15222, 412-355-6730
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 16, 1996
(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box /_/.
Check the following box if a fee is being paid with the statement /_/. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
*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 (however, see the Notes). SEC 1746 (12-91)
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SCHEDULE 13D
CUSIP No. 027284108 Page 2 of 4 Pages
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harold J. Ruttenberg
Social Security No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /_/
(b) /_/
3 SEC USE ONLY
4 SOURCE OF FUNDS*
Corporate Funds
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) /_/
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER
SHARES 145,499 See Items 2 and 5
BENEFICIALLY
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING 0
PERSON
WITH 9 SOLE DISPOSITIVE POWER
145,499 See Items 2 and 5
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
145,499 See Items 2 and 5
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* /_/
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.8% See Items 2 and 5
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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STATEMENT OF INFORMATION REQUIRED
PURSUANT TO SECTION 13(d)(1) OF
THE SECURITIES EXCHANGE ACT OF 1934
ITEM 1. Security and Issuer
The title of the class of equity security to which this filing
relates is common stock, $1.00 par value ("ALGI Common Stock") issued by
American Locker Group Incorporated, a Delaware corporation ("ALGI"). The
principal executive offices of ALGI are located at 15 West Second Street,
Jamestown, New York 14702-1000.
ITEM 2. Identity and Background
This statement is filed by Harold J. Ruttenberg.
Business Address:
American Locker Group Incorporated
300 South Craig Street
Pittsburgh, Pennsylvania 15213
Principal Occupation:
Chairman, Chief Executive Officer and Treasurer, American
Locker Group Incorporated
During the last five (5) years, Mr. Ruttenberg:
(a) has not been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors), and
(b) was not a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction the
result of which proceeding was 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.
On April 16, 1996 Mr. Ruttenberg purchased a total of 13,000 shares
of ALGI Common Stock in private transactions for a purchase price of $14.00
per share, or $182,000 in the aggregate.
ITEM 3. Source and Amount of Funds or Other Consideration
The source of funds for such purchase was $182,000 borrowed by Mr.
Ruttenberg under a secured line of credit with Manufacturers and
Traders Trust Company, Buffalo, New York.
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ITEM 4. Purpose of Transaction
The purpose of the transaction is increase Mr. Ruttenberg's
investment in ALGI Common Stock.
ITEM 5. Interest in Securities of the Issuer
Mr. Harold J. Ruttenberg beneficially owns 145,499 shares of ALGI
Common Stock. The total shares reflected in numbered sections 7, 9 and 11
on page 2 hereof include 133,499 shares of ALGI common stock actually owned
by Mr. Ruttenberg plus the 12,000 shares of ALGI common stock which Mr.
Ruttenberg has this option to purchase under the American Locker Group
Incorporated 1988 Stock Incentive Plan. The percentage ownership described
in numbered paragraph 13 on page 2 hereof is calculated as set forth under
Rule 13d-3(d)(1)(i) and is based on 145,499 shares beneficially owned by
Mr. Ruttenberg divided by 816,196 shares (i.e. the 804,196 shares of ALGI
Common Stock actually outstanding on April 16, 1996 plus the 12,000 shares
of ALGI Common Stock which are subject to the option described above.
Mr. Harold J. Ruttenberg disclaims beneficial ownership of (i) the
54,000 shares of ALGI Common Stock owned by his wife, Mrs. Katherine M.
Ruttenberg; and (ii) the 2,583 shares of ALGI common stock owned by
Rollform of Jamestown, Inc. Such shares are not included in the number or
percentage of shares of ALGI Common Stock reported by Mr. Ruttenberg in
this Schedule 13D.
Except as described in Item 2 hereof, no transactions in ALGI Common
Stock have been effected by Mr. Ruttenberg during the last 60 days.
ITEM 6. Contracts, Agreement, Understanding or Relationships with
respect to Securities of the Issuer
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) among Mr. Ruttenberg and any other person with respect
to securities of ALGI.
ITEM 7. Material to be Filed as Exhibits
None.
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true and
correct.
Date: April 19, 1996 /s/ Harold J. Ruttenberg
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Harold J. Ruttenberg
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