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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
MACE SECURITY INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
554-335-109
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(CUSIP Number)
David Alan Miller, Esq.
Graubard Mollen & Miller
600 Third Avenue
New York, New York 10016-2097
Telephone: (212) 818-8800
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Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications)
December 30, 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 . |_|
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 that 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 1 of 9 Pages
<PAGE>
SCHEDULE 13D
CUSIP No. 554-335-109 Page 2 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Nagelberg Family Trust, David and Bette Nagelberg, Trustees
UA DTD September 24, 1997
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
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5 CHECK 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
United States
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| 7 SOLE VOTING POWER
|
| 0 Shares
NUMBER OF |-----------------------------------------------------------
SHARES | 8 SHARED VOTING POWER
BENEFICIALLY |
OWNED BY | 695,375 Shares
EACH |-----------------------------------------------------------
REPORTING | 9 SOLE DISPOSITIVE POWER
PERSON |
WITH | 0 Shares
|-----------------------------------------------------------
| 10 SHARED DISPOSITIVE POWER
|
| 695,375 Shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
695,375 Shares
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO -- See Item 2
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<PAGE>
CUSIP No. 554-335-109 Page 3 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
David S. Nagelberg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
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5 CHECK 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
United States
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| 7 SOLE VOTING POWER
|
| 0 Shares
NUMBER OF |-----------------------------------------------------------
SHARES | 8 SHARED VOTING POWER
BENEFICIALLY |
OWNED BY | 695,375 Shares
EACH |-----------------------------------------------------------
REPORTING | 9 SOLE DISPOSITIVE POWER
PERSON |
WITH | 0 Shares
|-----------------------------------------------------------
| 10 SHARED DISPOSITIVE POWER
|
| 695,375 Shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
695,375 Shares
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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<PAGE>
CUSIP No. 554-335-109 Page 4 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Bette Nagelberg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
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5 CHECK 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
United States
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| 7 SOLE VOTING POWER
|
| 0 Shares
NUMBER OF |-----------------------------------------------------------
SHARES | 8 SHARED VOTING POWER
BENEFICIALLY |
OWNED BY | 695,375 Shares
EACH |-----------------------------------------------------------
REPORTING | 9 SOLE DISPOSITIVE POWER
PERSON |
WITH | 0 Shares
|-----------------------------------------------------------
| 10 SHARED DISPOSITIVE POWER
|
| 695,375 Shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
695,375 Shares
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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<PAGE>
CUSIP No. 554-335-109 Page 5 of 9 Pages
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Item 1. Security and Issuer
The class of equity securities to which this statement relates
is the common stock, par value $.01 per share, of Mace Security International,
Inc. (the "Issuer"), a Delaware corporation, whose principal executive offices
are located at 160 Benmont Avenue, Bennington, Vermont 05201 (the "Common
Stock").
The percentages of beneficial ownership reflected in this
statement are based upon 7,081,666 shares of Common Stock outstanding at
September 30, 1997, which number has been obtained from the Issuer's filings
with the Securities and Exchange Commission.
Item 2. Identity and Background
(a) Name: This statement is filed on behalf of
(i) Nagelberg Family Trust, David and Bette Nagelberg,
Trustees under agreement dated September 24, 1997
("Trust");
(ii) David S. Nagelberg, as a trustee of the Trust; and
(iii) Bette Nagelberg, as a trustee of the Trust.
David S. Nagelberg and Bette Nagelberg are husband and wife.
(b) Business Address: The Trust, David S. Nagelberg and Bette
Nagelberg each has a business address of c/o M.H. Meyerson & Co., Inc., P.O. Box
2142, Rancho Santa Fe, California 92067.
(c) Principal Business: David S. Nagelberg is principally
engaged in the investment banking business for M.H. Meyerson & Co., Inc.
("Meyerson"), an investment banking firm with its offices at 525 Washington
Boulevard, 34th Floor, Jersey City, New Jersey 07310. Bette Nagelberg is a
private investor.
(d) During the last five years, none of the Trust, David S.
Nagelberg or Bette Nagelberg has been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Trust, David S.
Nagelberg or Bette Nagelberg has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction resulting in any
judgment, decree or final order against it, him or her enjoining it, him or her
from engaging in future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) Each of David S. Nagelberg and Bette Nagelberg is a
citizen of the United States.
<PAGE>
CUSIP No. 554-335-109 Page 6 of 9 Pages
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Item 3. Source and Amount of Funds or Other Consideration
David Nagelberg and Bette Nagelberg used personal funds to
fund the purchase of all of the shares of Common Stock by the Trust described
below in Item 5(c).
Item 4. Purpose of Transactions
The Trust has acquired the securities specified in Item 5(c)
of this Schedule 13D in order to obtain an equity position in the Issuer for
investment purposes. The Trust, David S. Nagelberg and Bette Nagelberg may
acquire or dispose of additional shares of the Issuer, but do not presently
intend to do so, although this intention may change depending upon market
conditions. None of the Trust, David S. Nagelberg or Bette Nagelberg has any
present plans that relate to or would result in: an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Issuer or any of its subsidiaries; a sale or transfer of a material amount of
assets of the Issuer or any of its subsidiaries; any change in the present board
of directors or management of the Issuer, including any plans or proposals to
change the number or term of directors or to fill any existing vacancies on the
board; any material change in the present capitalization or dividend policy of
the Issuer; any other material change in the Issuer's business or corporate
structure; changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions that may impede the acquisition of control of the
Issuer by any person; causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association; causing a class of equity securities of the Issuer to become
eligible for termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or any action similar to the above.
Item 5. Interest in Securities of the Issuer
(a) The Trust directly owns 695,375 shares of Common Stock,
constituting approximately 9.8% of the shares of Common Stock outstanding as of
September 30, 1997.
(b) David S. Nagelberg and Bette Nagelberg, as Trustees of the
Trust, may be deemed to share voting and dispositive power over the 695,375
shares of Common Stock held by the Trust.
(c) On December 30, 1997, the Trust purchased 500,000 shares
of Common Stock at a price of $.60 per share from Robert Gould in a private
transaction. On December 31, 1997, the Trust purchased (i) 70,375 shares of
Common Stock at a price of $.60 per share from Phyllis Gould in a private
transaction and (ii) 125,000 shares of Common Stock at a price of $.60 per share
from Jon E. Goodrich in a private transaction.
(d) David S. Nagelberg and Bette Nagelberg may be deemed to
share the right to receive and the power to direct the receipt of dividends
from, or the proceeds from the sale of, the 695,375 shares of Common Stock held
by the Trust.
<PAGE>
CUSIP No. 554-335-109 Page 7 of 9 Pages
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(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to the Securities of the Issuer
Joint Filing Agreement
Item 7. Material to be Filed as Exhibits
Exhibit 99.1 -- Joint Filing Agreement
The balance of this page has been left blank intentionally.
<PAGE>
CUSIP No. 554-335-109 Page 8 of 9 Pages
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SIGNATURE
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: January 13, 1997
/s/ David S. Nagelberg
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David S. Nagelberg
/s/ Bette Nagelberg
----------------------------
Bette Nagelberg
NAGELBERG FAMILY TRUST
David and Bette Nagelberg, Trustees
UA DTD September 24, 1997
By: /s/ David S. Nagelberg
---------------------------------
David S. Nagelberg, Trustee
By: /s/ Bette Nagelberg
---------------------------------
Bette Nagelberg, Trustee
<PAGE>
EXHIBIT 99.1
AGREEMENT
This will confirm the agreement by and among the undersigned
that the Schedule 13D dated January 13, 1998, with respect to the ownership of
Common Stock of Mace Security International, Inc. by the Nagelberg Family Trust
under agreement dated September 24, 1997 ("Trust") and the indirect beneficial
ownership of such shares by the undersigned as trustees of the Trust, is filed
on behalf of each of us and the Trust.
Dated: January 13, 1998
/s/ David S. Nagelberg
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David S. Nagelberg
/s/ Bette Nagelberg
-----------------------------
Bette Nagelberg
NAGELBERG FAMILY TRUST
David and Bette Nagelberg, Trustees
UA DTD September 24, 1997
By: /s/ David S. Nagelberg
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David S. Nagelberg, Trustee
By: /s/ Bette Nagelberg
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Bette Nagelberg, Trustee
Page 9 of 9 Pages
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