SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. ____________) 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 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).
THE VERMONT TEDDY BEAR CO., INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
92427X109
(CUSIP Number)
LYMAN ORTON, P.O. BOX 775782, 857 THE BOULEVARD, STEAMBOAT SPRINGS,
COLORADO 80477 (970) 879-9005
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 3, 1999
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box______.
Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
CUSIP No. 92427X109 13D Page 2 of 6 Pages
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LYMAN K.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) _______
(b) ___x___
3. SEC USE ONLY
4. SOURCE OF FUNDS*
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
_______
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF 7. SOLE VOTING POWER
SHARES 376,712
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 376,712
PERSON WITH 10. SHARED DISPOSITIVE POWER
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,712
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
_______
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.62
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
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.
September 16, 1999
(Date)
/s/ Lyman Orton
(Signature)
Lyman Orton
(Name/Title)
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed
with the statement, provided, however, that a power of attorney for this
purpose which is already on file with the Commission may be incorporated by
reference. The name of any title of each person who signs the statement shall
be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001).
SCHEDULE 13D
LYMAN K ORTON
Item 1. Security and Issuer.
Series B Preferred.
The Vermont Teddy Bear Co., Inc.
6655 Shelburne Road
Shelburne, VT 05482
Item 2. Identity and Background.
(a) Lyman Orton
(b) P.O. Box 775782
857 The Boulevard
Steamboat Springs, CO 80477
(c) President, The Vermont Country Store
Box 1108, Route 7A North
Manchester Center, VT 05255
(d) No
(e) No
(f) United States of America
Item 3. Source and Amount of Funds or Other Consideration.
Personal Funds - $226,712.00
Item 4. Purpose of Transaction.
Investment
(a) through (j) - N/A
Item 5. Interest in Securities of the Issuer.
(a) 376,712 Shares of Common Stock (6.62%)
(b) 376,712 = sole power to vote/direct the vote
(c) (1) Lyman Orton
(2) July 3, 1999
(3) 226,712
(4) $1.00 per share
(5) The Vermont Teddy Bear Co., Inc.
6655 Shelburne Road
Shelburne, VT 05482
-Exercise of Warrant
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits.
(1) N/A
(2) N/A
(3) N/A
