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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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. 1)*
Sel-Leb Marketing, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
816082 309
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(CUSIP Number)
James Martin Kaplan, Esq.
Tenzer Greenblatt LLP
405 Lexington Avenue, New York, New York 10174 (212) 885-5000
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(Name, Address and Telephone Number of Person Authorized to Receive Notice
and Communications)
April 6, 1999
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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(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.
(Continued on following pages)
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* 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 1 of 8 Pages
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SCHEDULE 13D
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CUSIP NO. 816082 309 Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harold Markowitz
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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
United States
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7 SOLE VOTING POWER
NUMBER OF 174,784
SHARES ----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH Not applicable
REPORTING ----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
174,784
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10 SHARED DISPOSITIVE POWER
Not applicable
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,784
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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)
15.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEM 1-7 (INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 2 of 8 Pages
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SCHEDULE 13D
Item 1 - Security and Issuer.
This Amendment No. 1 (the "Amendment") to Schedule 13D dated
July 20, 1995 relates to the Common Stock, par value $.01 per share ("Common
Stock"), of Sel-Leb Marketing, Inc., a New York corporation (the "Company").
This Amendment reflects certain information required to be disclosed herein
pursuant to Rule 13d-2 promulgated by the Securities and Exchange Commission
under the Securities Exchange Act of 1934, as amended, with respect to the
disposition by Harold Markowitz of beneficial ownership of shares of Common
Stock of the Company. All information contained herein with respect to the
Common Stock (including the number of shares underlying options held by Mr.
Markowitz and the exercise price therefor) give effect to the Company's February
1996 three-for-one stock split of the Common Stock and the June 1998
one-for-eight reverse stock split of the Common Stock.
The address of the Company's principal executive office is 495
River Street, Paterson, New Jersey 07524.
Item 2 - Identity and Background.
This Amendment is being filed by Harold Markowitz, the
Chairman of the Board and a director of the Company. The business address of Mr.
Markowitz is c/o Sel-Leb Marketing, Inc., 495 River Street, Paterson, New Jersey
07524.
Mr. Markowitz's principal occupation is Chairman of the
Board of the Company.
During the last five years, Mr. Markowitz has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
During the last five years, Mr. Markowitz has not been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to 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.
Mr. Markowitz is a U.S. citizen.
Page 3 of 8 Pages
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Item 3. Source and Amount of Funds or Other Consideration.
Immediately prior to the date of the events which require the
filing of this Amendment, Mr. Markowitz beneficially owned (i) 183,625 shares of
Common Stock, (ii) options to purchase 7,500 shares of Common Stock at an
exercise price of $4.75 per share, which options were granted to Mr. Markowitz
on April 1, 1999 under the Company's 1995 Stock Option Plan, as amended (the
"Stock Option Plan"), (iii) options to purchase 5,000 shares of Common Stock at
an exercise price of $2.50 per share, which options were granted to Mr.
Markowitz on January 6, 1999 under the Stock Option Plan, (iv) options to
purchase 12,500 shares of Common Stock at an exercise price of $.875 per share,
which options were granted to Mr. Markowitz on October 8, 1998 under the Stock
Option Plan, and (v) options to purchase 2,812 shares of Common Stock at an
exercise price of $.875 per share, which options were granted to Mr. Markowitz
on December 26, 1996 under the Stock Option Plan. All options granted under the
Stock Option Plan vest over a three-year period from the date of grant, with
twenty-five percent (25%) of the shares subject to a grant being immediately
vested and exercisable and an additional twenty-five percent (25%) of such
shares vesting and becoming exercisable on each of the first three anniversaries
of the date of grant, and expire ten years after the date of grant.
On April 6, 1999, Mr. Markowitz sold in the open market an
aggregate of 10,800 shares of Common Stock, as follows:
Number of Shares Price
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7,000 $9.3886
2,500 $9.75
500 $10.00
800 $11.0625
On April 12, 1999, Mr. Markowitz acquired an aggregate of
6,400 shares of Common Stock upon the exercise of stock options held by Mr.
Markowitz having an aggregate exercise price of $7,494.75. Also on April 12,
1999, Mr. Markowitz sold in the open market 6,400 shares of Common
Stock, as follows:
Number of Shares Price
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3,000 $9.75
3,400 $10.00
All of Mr. Markowitz's purchases of Common Stock, including
purchases upon exercise of stock options held by him, were from Mr. Markowitz's
personal funds.
Page 4 of 8 Pages
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Item 4. Purpose of Transaction.
Mr. Markowitz acquired his shares of Common Stock for
investment purposes. Depending upon various factors, including, but not limited
to (i) the Company's business, prospects and financial condition and other
developments concerning the Company, (ii) available opportunities for Mr.
Markowitz to acquire or dispose of the Common Stock, (iii) other business
opportunities available to Mr. Markowitz and (iv) other relevant factors, Mr.
Markowitz may in the future take such actions with respect to his holdings in
the Common Stock as he deems appropriate in light of the circumstances and
conditions existing from time to time. Such actions may include the purchase of
additional Common Stock in the open market, the purchase of additional Common
Stock in privately negotiated transactions (including privately negotiated
purchases from the Company or other stockholders of the Company) or otherwise,
the exercise of his options, and the disposition, from time to time or at any
time, of all or a portion of the Company's securities now owned or hereafter
acquired by Mr. Markowitz, either in a sale in the open market or in privately
negotiated transactions to one or more purchasers.
Except as described above, Mr. Markowitz has not formulated
any plans or proposals which relate to or would result in any of the following:
(a) The acquisition by any person of additional
securities of the Company, or the disposition of securities of the
Company;
(b) An extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the Company or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of
the Company or any of its subsidiaries;
(d) Any change in the present Board of Directors or
management of the Company, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the Board;
(e) Any material change in the present capitalization or
dividend policy of the Company;
(f) Any other material change in the Company's business
or corporate structure;
Page 5 of 8 Pages
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(g) Changes in the Company's charter, by-laws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person;
(h) Causing a class of securities of the Company 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;
(i) A class of equity securities of the Company becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934, as amended; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) and (b) Mr. Markowitz is the beneficial owner of
174,784 shares of Common Stock, which shares represent, in the aggregate,
approximately 15.4% of the issued and outstanding shares of Common Stock as of
the date hereof. The shares of Common Stock beneficially owned by Mr. Markowitz
include 172,825 shares of Common Stock owned directly by him and an aggregate of
1,959 shares of Common Stock issuable upon exercise of options held by him which
are currently exercisable. The number of shares of Common Stock beneficially
owned by Mr. Markowitz does not include an aggregate of 19,453 shares underlying
options held by him which are not exercisable within 60 days of the date hereof.
Hence, Mr. Markowitz has sole power to vote or direct the vote
of 174,784 shares of Common Stock, shared power to vote or direct the vote of no
shares of Common Stock, sole power to dispose or to direct the disposition of
174,784 shares of Common Stock and shared power to dispose or to direct the
disposition of no shares of Common Stock.
(c) Except for the option exercises and stock sales
effected by Mr. Markowitz in April 1999, each as described elsewhere herein, no
transactions in Common Stock were effected by the person named in response to
paragraphs (a) and (b) of this Item 5 during the period beginning sixty days
prior to the date of the event which requires the filing of this statement.
(d) No person other than Mr. Markowitz has the right to
receive or the power to direct the receipt of dividends from the shares of
Common Stock beneficially owned by Mr. Markowitz or the right to receive or the
power to direct the receipt of the proceeds from the sale of such shares.
(e) Not Applicable.
Page 6 of 8 Pages
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Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) between Mr. Markowitz and any person with
respect to any securities of the Company, including, but not limited to,
transfer or voting of any of the securities, finder's fees, joint ventures, loan
or option arrangements, puts or calls, guarantees of profits, division of
profits or loss, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
None
Page 7 of 8 Pages
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and
belief of the undersigned, the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: May 12, 1999
/s/ Harold Markowitz
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Harold Markowitz
Page 8 of 8 Pages
