TAYLOR DEVICES INC
SC 13D/A, 1997-04-10
GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC
Previous: BOMBAY COMPANY INC, SC 13G, 1997-04-10
Next: ADVANTA CORP, SC 13G/A, 1997-04-10




                                    UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C. 20549

                                     SCHEDULE 13D

                      Under the Securities Exchange Act of 1934
                                  (Amendment No. 2)*


                                 TAYLOR DEVICES, INC.
          _________________________________________________________________
                                   (Name of Issuer)


                      Shares of Common Stock  - $.025 Par Value
          _________________________________________________________________
                            (Title of Class of Securities


                                     877163-10-5
                             ____________________________
                                    (CUSIP Number)


                                    Brent D. Baird
                                  1350 One M&T Plaza
                   Buffalo, New York  14203 (Phone: (716) 849-1484)
          _________________________________________________________________
                    (Name, Address and Telephone Number of Person
                  Authorized to Receive Notices and Communications)


                                    April 1, 1997
                               _______________________
                         (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 filed 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
                                   Amendment No. 2

          CUSIP NO. 877163-10-5                                            

          1.   Name of Reporting Person
               SS or IRS Identification No. of above person (optional)

               Aries Hill Corp.

          2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a)___
                                                                   (b)_X_

          3.   SEC USE ONLY

          4.   SOURCE OF FUNDS*

               WC

          5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEMS 2(d) or 2(e)                        ____

          6.   CITIZENSHIP OR PLACE OF ORGANIZATION

               New York

          NUMBER OF SHARES    7.   SOLE VOTING POWER
          BENEFICIALLY OWNED       41,500
          BY EACH REPORTING
          PERSON WITH         8.   SHARED VOTING POWER
                                   -0-

                         9.   SOLE DISPOSITIVE POWER
                              41,500

                         10.  SHARED DISPOSITIVE POWER
                              -0-

          11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

               41,500

          12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                              ____

          13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

               1.542%

          14.  TYPE OF REPORTING PERSON*

               CO
                        *SEE INSTRUCTIONS BEFORE FILLING OUT!
          <PAGE>
          CUSIP NO. 877163-10-5                                            

          1.   Name of Reporting Person
               SS or IRS Identification No. of above person (optional)

               The Cameron Baird Foundation

          2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a)___
                                                                   (b)_X_

          3.   SEC USE ONLY

          4.   SOURCE OF FUNDS*

               WC

          5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEMS 2(d) or 2(e)                        ____

          6.   CITIZENSHIP OR PLACE OF ORGANIZATION

               New York

          NUMBER OF SHARES    7.   SOLE VOTING POWER
          BENEFICIALLY OWNED       127,100
          BY EACH REPORTING
          PERSON WITH         8.   SHARED VOTING POWER
                                   -0-

                         9.   SOLE DISPOSITIVE POWER
                              127,100

                         10.  SHARED DISPOSITIVE POWER
                              -0-

          11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

               127,100

          12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                   ____

          13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

               4.722%

          14.  TYPE OF REPORTING PERSON*

               00


                        *SEE INSTRUCTIONS BEFORE FILLING OUT!
          <PAGE>
                                     SCHEDULE 13D
                                   Amendment No. 2

          INTRODUCTION

               The acquisiton of 175,100 shares ("Shares") of common stock
          of the Issuer was reported by the Reporting Persons in Schedule
          13D, which was filed with the Securities and Exchange Commission
          on December 31, 1996, as amended by Schedule 13D Amendment No. 1
          ("Amendment No. 1"), which was filed with the Securities and
          Exchange Commission on March 7, 1997.  Since the filing of
          Amendment No. 1, there have been additional purchases of Shares
          by two of the Reporting Persons (Aries Hill Corp. and The Cameron
          Baird Foundation).  The number of Shares now held by the
          Reporting Persons is 219,100 Shares.

               The Cover pages for the two Reporting Persons who purchased
          additional Shares are hereby amended to read as shown in this
          Amendment No. 2.  Items 3 and 5 are hereby amended as shown in
          this Amendment No. 2.  All other Cover pages and Items remain
          unchanged, and are incorporated herein by reference.

                    NOTE:  THE EXECUTION AND SUBMISSION OF THIS STATEMENT
                    BY THE PERSONS LISTED BELOW (THE "REPORTING PERSONS")
                    SHALL NOT BE CONSTRUED AS A STATEMENT OR ADMISSION THAT
                    THE REPORTING PERSONS (I) ARE ACTING AS A GROUP IN THE
                    ACQUISITION OF THE SHARES, (II) COLLECTIVELY CONSTITUTE
                    A "PERSON" WITHIN THE MEANING OF SECTION 13(D)(3) OF
                    THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE
                    "ACT"), OR (III) FOR THE PURPOSES OF SECTION 13(D) OF
                    THE ACT, ARE THE BENEFICIAL OWNERS OF ANY SHARES OTHER
                    THAN THE SHARES IN WHICH EACH PERSON IS SPECIFICALLY
                    IDENTIFIED IN THIS STATEMENT TO HAVE A BENEFICIAL
                    INTEREST.


          ITEM 3.   SOURCE AND AMOUNT OF FUNDS.

          Item 3 is hereby amended to add the following:

          The following table shows the amount of funds paid for the Shares
          by the two Reporting Persons who purchased additional Shares
          (which includes only the amount of funds paid since the filing of
          Amendment No. 1).  The following table does not include brokerage
          commissions.


                 Aries Hill Corp.             $138,343

                 The Cameron Baird            $ 97,438
                 Foundation


         ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

         Item 5 is hereby amended to read as follows:

         (a)  The Reporting Persons hereby report beneficial
         ownership, in the manner hereinafter described, of
         219,100 Shares:
         <TABLE>
         <CAPTION>
                                                          Percentage of
                                             Number Of      Outstanding
          Shares Held in the Name of         Shares        Security (1)

          <S>                               <C>                   <C>  
          Aries Hill Corp.                  41,500               1.542%

          Brent D. Baird                    20,000 (2)            .743%

          Bridget B. Baird,                 10,000                .372%
          as Successor Trustee (3)

          The Cameron Baird                127,100               4.722%
          Foundation

          Jane D. Baird                     12,500                .464%

          Anne S. Baird                      5,000                .186%

          David M. Stark,
          as Successor Trustee (4)           3,000                .111%
                                            ______                _____
                                 TOTAL     219,100               8.140%
         </TABLE>


             (1)  The foregoing percentages assume that the number of
                  Shares of the Issuer outstanding is 2,691,521 Shares (as 
                  reported in the Issuer's Form 10-Q as of November 30,
                  1996).

             (2)  10,000 Shares are held by Brent D. Baird and 10,000
                  Shares are held in Trubee, Collins & Co.'s pension plan
                  for the benefit of Brent D. Baird.

             (3)  Jane D. Baird is the income beneficiary and the
                  issue of Jane D. Baird are the remainder
                  beneficiaries under a trust agreement dated
                  12/23/38.

             (4)  Anne S. Baird and the issue of Anne S. Baird are the
                  beneficiaries of this trust established under the
                  Will of Margaret deMorini.

          (b)  For each persons named in paragraph (a), that person has
          sole voting and sole dispositive power over the Shares enumerated
          in paragraph (a).

          (c)  The following purchases of the Shares were effected during
          the past sixty days:
          <TABLE>
          <CAPTION>

                                                   Price/Share
                                                   (in Dollars
                                                   Commissions
          Purchase In The              Number of   not             Transaction
              Name Of        Date      Shares      included)      Made Through

          <S>              <C>          <C>         <C>         <C>
          The Cameron      3/25/97      2,500       5 5/8       Fahnestock & Co
          Baird            3/26/97      2,500       5 1/2       Fahnestock & Co
          Foundation       3/26/97      3,000       5 3/8       Fahnestock & Co
                           4/4/97       2,000       5 1/4       Fahnestock & Co
                           4/7/97       4,000       5 3/8       Fahnestock & Co
                           4/8/97       4,000       5 3/8       Fahnestock & Co

          Aries Hill       3/11/97      1,500       5 3/4       Fahnestock & Co
          Corp.            3/11/97      3,000       5 7/16      Fahnestock & Co
                           3/12/97        500       5 7/16      Fahnestock & Co
                           3/12/97      2,500       5 1/2       Fahnestock & Co
                           3/13/97      1,500       5 3/8       Fahnestock & Co
                           3/13/97      5,000       5 1/4       Fahnestock & Co
                           3/21/97      2,000       5 3/8       Fahnestock & Co
                           3/27/97      2,500       5 3/8       Fahnestock & Co
                           4/1/97       7,500       5 1/8       Fahnestock & Co

          </TABLE>

          (d) Not applicable

          (e) Not applicable

          <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 this 8th day of April, 1997.


          ARIES HILL CORP.


          By: s/ Brian D. Baird
             Brian D. Baird, Secretary



          THE CAMERON BAIRD FOUNDATION


          By: s/Brian D. Baird
             Brian D. Baird, Trustee



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission