-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Sf5I7/rxNqErttb3mIJMb38Qwt8nP/xnMskr9vXGiytkIc1lgyc18DBKVzdZ6RYa AF6vI3WUOmwUbs5LHXsjZA== 0000938492-97-000185.txt : 19970725 0000938492-97-000185.hdr.sgml : 19970725 ACCESSION NUMBER: 0000938492-97-000185 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970724 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PUROFLOW INC CENTRAL INDEX KEY: 0000100591 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569] IRS NUMBER: 131947195 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-06692 FILM NUMBER: 97644738 BUSINESS ADDRESS: STREET 1: 16559 SATICOY STREET CITY: VAN NUYS STATE: CA ZIP: 91406 BUSINESS PHONE: 8187561388 MAIL ADDRESS: STREET 1: 16559 SATICOY STREET CITY: VAN NUYS STATE: CA ZIP: 91406 FORMER COMPANY: FORMER CONFORMED NAME: ULTRA DYNAMICS CORP DATE OF NAME CHANGE: 19830522 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HELLER RONALD I CENTRAL INDEX KEY: 0000909443 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O M H MEYERSON & CO STREET 2: 30 MONTGOMERY ST CITY: JERSEY CITY STATE: NJ ZIP: 07302 MAIL ADDRESS: STREET 1: C/O M.H. MEYERSON & CO., INC. STREET 2: 30 MONTGOMERY STREET CITY: JERSEY CITY STATE: NJ ZIP: 07302 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0145 UNITED STATES Expires: December 31, 1997 SECURITIES AND EXCHANGE COMMISSION Estimated average burden Washington, D.C. 20549 hours per form ......14.90 ---------------------------------- SCHEDULE 13D (Amendment No. 1) Under the Securities Exchange Act of 1934 PUROFLOW INCORPORATED - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value - -------------------------------------------------------------------------------- (Title Class of Securities) 746375104 - -------------------------------------------------------------------------------- (CUSIP Number) David Alan Miller, Esq. Graubard Mollen & Miller 600 Third Avenue New York, New York 10016-2097 Telephone: (212) 818-8800 - -------------------------------------------------------------------------------- Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) March 17, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) 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 5 Pages SCHEDULE 13D - ------------------------ ------------------------ CUSIP No. 746375104 Page 2 of 5 Pages - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ronald I. Heller - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_| (b)|X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- | 7 SOLE VOTING POWER | | 290,090 Shares NUMBER OF |----------------------------------------------------------- SHARES | 8 SHARED VOTING POWER BENEFICIALLY | OWNED BY | 36,765 Shares EACH |----------------------------------------------------------- REPORTING | 9 SOLE DISPOSITIVE POWER PERSON | WITH | 290,090 Shares |----------------------------------------------------------- | 10 SHARED DISPOSITIVE POWER | | 36,765 Shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 326,855 Shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Item 1. Security and Issuer The class of equity securities to which this statement relates is the common stock, $.01 par value, of Puroflow Incorporated ("Issuer"), a Delaware corporation, whose principal executive offices are located at 16559 Saticoy Street, Van Nuys, California 91406 ("Common Stock"). The percentage of beneficial ownership reflected in this Statement is based upon 7,108,521 shares of Common Stock outstanding on April 30, 1997, which number has been obtained from the Issuer's most recently available filings with the Securities and Exchange Commission. Item 2. Identity and Background No change. Item 3. Source and Amounts of Funds or Other Consideration No change. Item 4. Purpose of Transactions No change. Item 5. Interest in Securities of the Issuer (a) Ronald I. Heller ("Heller") and his wife directly own 36,765 shares of Common Stock and hold such shares in a joint account ("Joint Account"). The Ronald I. Heller Individual Retirement Account ("IRA"), of which Heller is the grantor, directly owns 290,090 shares of Common Stock. (b) Heller has sole voting and dispositive power over the 290,090 shares of Common Stock held by the IRA and shared voting and dispositive power over the 36,765 shares of Common Stock held in the Joint Account, as described in Item 5(a). (c) The IRA sold (i) 15,000 shares of Common Stock on March 5, 1997 in the open market for $.89625 per share; (ii) 44,000 shares of Common Stock on June 20, 1997 in the open market for $.7437 per share; and (iii) 18,500 shares of Common Stock on June 27, 1997 in the open market for $.765 per share. Manhattan Group Funding, of which Heller and David S. Nagelberg are the sole partners, sold 64,376 shares of Common Stock on March 17, 1997 in the open market for $.908 per share. (d) Heller's wife shares the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, the 36,765 shares of Common Stock held in the Joint Account. Page 3 of 5 Pages (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer No change. Item 7. Material to be Filed as Exhibits Exhibit 7.1: Form of Registration Rights Agreement, dated as of June 3, 1996 (previously filed). The balance of this page has been left blank intentionally. Page 4 of 5 Pages 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: July 24, 1997 /s/ Ronald I. Heller ---------------------- Ronald I. Heller Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----