UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
MEDICAL INDUSTRIES OF AMERICA, INC.
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(Name of Issuer)
COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
58457T201
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(CUSIP Number)
Alexander V. Gancia
Alex. Brown & Sons Incorporated
Suite 1200, 222 Lakeview Avenue
West Palm Beach, FL 33401
(561) 832-4488
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
MARCH 25, 1997
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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 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 [ ].
*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).
<PAGE>
SCHEDULE 13D
CUSIP NO. 58457T201 Page 2 of ___ Pages
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1. Name of reporting person
S.S. or I.R.S. Identification No. of above person
Alexander V. Gancia
Social Security #: Not Required
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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. Source of Funds* PF
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5. Check Box 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
Switzerland
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Number of 7. Sole Voting Power
Shares 57,000
Beneficially 8. Shared Voting Power
Owned By 45,000
Each 9. Sole Dispositive Power
Reporting 57,000
Person With 10. Shared Dispositive Power
45,000
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11. Aggregate Amount Beneficially Owned by Reporting Person
102,000
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12. Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares* [ ]
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13. Percent of Class Represented by Amount in Row (11)
2.4%
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14. Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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<PAGE>
This Amendment No. 1 dated April 18, 1997 (the "Amendment") to the
Statement on Schedule 13D dated February 26, 1997 (the "Statement") is
filed pursuant to Section 13D of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), by Alexander V. Gancia ("Gancia").
Gancia is hereinafter referred to as the "Reporting Person."
Item 3 of the Statement is hereby amended and restated in its entirety as
follows:
Item 3. Source and Amount of Funds.
The 7,000 shares of Common Stock over which Gancia has sole voting and
dispositive power were acquired by purchase with Gancia's personal funds.
The 15,000 shares of Common Stock over which Gancia shares voting and
dispositive power with customers of Alex. Brown & Sons Incorporated
("Alex Brown") were acquired by purchase with personal funds of those
customers. Collectively, the 7,000 shares and 15,000 shares are
hereinafter referred to as the "Purchased Shares." The Purchased Shares
were acquired on the dates and at the prices set forth in Schedule A.
Item 5 of the Statement is hereby amended and restated in its entirety as
follows:
Item 5. Interest in Securities of the Issuer.
As of the date hereof, the Reporting Person, by virtue of Rule 13d-3
under the Exchange Act, (a) has sole voting and dispositive power over
57,000 shares (approximately 1.4% of the total number of shares of Common
Stock outstanding as disclosed in the Form 10-KSB of the Company for the
year ended December 31, 1996, filed April 14, 1997, which is the most
recently available filing by the Company with the Securities and Exchange
Commission (the "10-KSB")) and (b) may be deemed to share voting and
dispositive power over 45,000 shares (approximately 1.0% of the total
number of shares of Common Stock outstanding as disclosed in the 10-KSB)
which shares are held in the accounts of customers of Alex Brown over
which the Reporting Person has investment discretion. As a result, Gancia
may be deemed to beneficially own less than 5% of the amount of shares of
the Common Stock of the Company outstanding and therefore, Gancia will
cease to file amendments to Schedule 13D.
Pursuant to Rule 13d-4 promulgated under the Exchange Act, Gancia hereby
expressly states that the filing of this Schedule 13D shall not be
construed as an admission that Gancia is, for the purposes of Section
13(d) or 13(g) of the Exchange Act, the beneficial owner of the 45,000
Shares held in the accounts of the customers of Alex Brown.
Schedule A to this Statement lists all transactions in the Common Stock
of the Company that were effected by the Reporting Person during the
period between the filing of the Statement and the date hereof.
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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.
Dated: April 18, 1997 /s/ ALEXANDER V. GANCIA
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Alexander V. Gancia
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<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
PURCHASER TRANSACTION NUMBER OF SHARES TRADE DATE PRICE PER SHARE
- --------- ----------- ---------------- ---------- ---------------
<S> <C> <C> <C> <C>
Gancia Purchase 2,000 3/24/97 $2.25
Sale 10,000 3/25/97 2.03
Purchase 3,000 4/9/97 2.72
Purchase 2,000 4/15/97 2.40
Customers Sale 10,000 3/10/97 2.28
Purchase 15,000 4/7/97 2.81
<FN>
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All purchases were effectuated in the open market.
</FN>
</TABLE>
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