SC 13D/A 1 electric_13da3.txt SCHEDULE 13D/A - AMENDMENT NO. 3 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13D Amendment No. 3 (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) Electronic Clearing House Inc. ------------------------------------------------------ (Name of Issuer) Common Stock, par value $.01 ------------------------------------------------------ (Title of Class of Securities) 285562500 ------------------------------------------------------ (CUSIP Number) Jay L. Hack, Esq. c/o Gallet Dreyer & Berkey, LLP 845 Third Avenue New York, New York 10022 -6601 212-935-3131 ------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 8, 2004 ------------------------------------------------------ (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 [ ]. 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). -------------------------------------------------------------------------------- CUSIP No. 285562500 -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Melvin Laufer -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 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 United States -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 460,600 SHARES -------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 460,600 REPORTING -------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -------------------------------------- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 460,600 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.28% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN -------------------------------------------------------------------------------- 2 This amendment amends a Schedule 13D of Melvin Laufer filed on July 9, 2003, as previously amended by Amendment 1 filed on August 11, 2003 and Amendment 2 filed on September 12, 2003 (together, the "Schedule"). Items 3 and 5 of the Schedule are amended as set forth below to reflect the purchase of additional shares of stock of the Issuer. Other than as set forth below, to the best knowledge of the Reporting Person, there has been no material change in Items 1, 2, 4, 6 or 7 of the Schedule. This amendment is being filed voluntarily to report purchases of additional shares of the issuer aggregating less than 1% of the shares of the issuer outstanding. The filing of this amendment should not be deemed an admission by the reporting person that a purchase of the number of shares set forth herein represents a material change in his ownership. Amendment of Item 3. Source and Amount of Funds or Other Consideration The additional shares reported herein were purchased for an aggregate purchase price of $546,876.75 using personal funds. Amendment of Item 5. Interest in Securities of the Issuer At January 6, 2004, the aggregate number of shares beneficially owned by Mr. Laufer was 460,600 shares. Mr. Laufer possesses sole voting and sole dispositive power as to all of those shares. The following table shows all purchases of the Issuer's stock by Mr. Laufer after September 9, 2003, the last date for which a transaction was reported on the Schedule. All the following transactions were completed through brokers on the open market. Aggregate Purchase Price Number of Shares Without Purchased Purchase Price Trade Date Commission --------- -------------- ---------- ---------- 900 $ 9.340 9/12/03 $ 8,406.00 100 $ 9.340 9/12/03 $ 934.00 500 $ 9.340 9/12/03 $ 4,670.00 400 $ 9.340 9/12/03 $ 3,736.00 100 $ 9.400 9/12/03 $ 940.00 25 $ 9.150 9/15/03 $ 228.75 200 $ 9.150 9/15/03 $ 1,830.00 175 $ 9.150 9/15/03 $ 1,601.25 500 $ 9.030 9/16/03 $ 4,515.00 100 $ 8.900 9/16/03 $ 890.00 400 $ 8.900 9/16/03 $ 3,560.00 600 $ 8.850 9/17/03 $ 5,310.00 400 $ 8.600 9/18/03 $ 3,440.00 400 $ 8.400 9/18/03 $ 3,360.00 200 $ 8.490 9/18/03 $ 1,698.00 200 $ 8.499 9/18/03 $ 1,699.80 200 $ 8.400 9/19/03 $ 1,680.00 3 Aggregate Purchase Price Number of Shares Without Purchased Purchase Price Trade Date Commission --------- -------------- ---------- ---------- 200 $ 8.400 9/19/03 $ 1,680.00 200 $ 8.389 9/19/03 $ 1,677.80 100 $ 8.450 9/22/03 $ 845.00 200 $ 8.548 9/22/03 $ 1,709.60 100 $ 8.550 9/22/03 $ 855.00 100 $ 8.549 9/22/03 $ 854.90 400 $ 8.450 9/23/03 $ 3,380.00 300 $ 8.540 9/23/03 $ 2,562.00 300 $ 8.480 9/23/03 $ 2,544.00 500 $ 8.600 9/24/03 $ 4,300.00 200 $ 8.600 9/24/03 $ 1,720.00 200 $ 8.350 9/24/03 $ 1,670.00 100 $ 8.300 9/24/03 $ 830.00 100 $ 8.400 9/24/03 $ 840.00 100 $ 8.400 9/24/03 $ 840.00 200 $ 8.350 9/24/03 $ 1,670.00 100 $ 8.300 9/24/03 $ 830.00 200 $ 8.300 9/25/03 $ 1,660.00 200 $ 7.620 9/25/03 $ 1,524.00 200 $ 7.450 9/25/03 $ 1,490.00 100 $ 7.429 9/25/03 $ 742.90 200 $ 7.169 9/29/03 $ 1,433.80 100 $ 7.149 9/30/03 $ 714.90 200 $ 8.149 10/1/03 $ 1,629.80 200 $ 8.069 10/3/03 $ 1,613.80 200 $ 8.100 10/7/03 $ 1,620.00 100 $ 8.000 10/7/03 $ 800.00 100 $ 8.000 10/7/03 $ 800.00 100 $ 8.000 10/7/03 $ 800.00 200 $ 8.019 10/8/03 $ 1,603.80 100 $ 7.979 10/9/03 $ 797.90 200 $ 7.600 10/13/03 $ 1,520.00 100 $ 7.389 10/13/03 $ 738.90 100 $ 6.820 10/14/03 $ 682.00 100 $ 6.879 10/15/03 $ 687.90 100 $ 6.959 10/16/03 $ 695.90 100 $ 6.649 10/17/03 $ 664.90 200 $ 6.760 10/20/03 $ 1,352.00 200 $ 6.860 10/20/03 $ 1,372.00 200 $ 6.880 10/21/03 $ 1,376.00 100 $ 7.079 10/21/03 $ 707.90 100 $ 7.079 10/21/03 $ 707.90 100 $ 6.850 10/22/03 $ 685.00 100 $ 7.299 10/22/03 $ 729.90 100 $ 7.150 10/23/03 $ 715.00 400 $ 7.500 10/24/03 $ 3,000.00 100 $ 7.900 10/24/03 $ 790.00 125 $ 8.000 10/24/03 $ 1,000.00 275 $ 8.000 10/24/03 $ 2,200.00 300 $ 7.900 10/24/03 $ 2,370.00 100 $ 7.900 10/24/03 $ 790.00 4 Aggregate Purchase Price Number of Shares Without Purchased Purchase Price Trade Date Commission --------- -------------- ---------- ---------- 200 $ 7.999 10/24/03 $ 1,599.80 400 $ 7.750 10/27/03 $ 3,100.00 200 $ 7.700 10/27/03 $ 1,540.00 400 $ 7.650 10/27/03 $ 3,060.00 200 $ 7.500 10/27/03 $ 1,500.00 200 $ 7.400 10/27/03 $ 1,480.00 200 $ 7.400 10/27/03 $ 1,480.00 200 $ 7.300 10/27/03 $ 1,460.00 100 $ 7.300 10/27/03 $ 730.00 100 $ 7.440 10/27/03 $ 744.00 100 $ 7.130 10/28/03 $ 713.00 200 $ 7.250 10/28/03 $ 1,450.00 100 $ 7.130 10/28/03 $ 713.00 200 $ 7.300 10/28/03 $ 1,460.00 200 $ 7.050 10/29/03 $ 1,410.00 200 $ 7.050 10/29/03 $ 1,410.00 100 $ 7.060 10/29/03 $ 706.00 200 $ 7.060 10/29/03 $ 1,412.00 200 $ 6.950 10/31/03 $ 1,390.00 100 $ 6.959 10/31/03 $ 695.90 200 $ 7.350 11/3/03 $ 1,470.00 200 $ 7.250 11/3/03 $ 1,450.00 300 $ 7.250 11/4/03 $ 2,175.00 137 $ 7.370 11/4/03 $ 1,009.69 163 $ 7.370 11/4/03 $ 1,201.31 200 $ 7.660 11/5/03 $ 1,532.00 500 $ 7.900 11/6/03 $ 3,950.00 200 $ 7.830 11/6/03 $ 1,566.00 200 $ 7.720 11/6/03 $ 1,544.00 100 $ 7.700 11/6/03 $ 770.00 200 $ 7.830 11/7/03 $ 1,566.00 100 $ 7.960 11/7/03 $ 796.00 300 $ 7.750 11/11/03 $ 2,325.00 200 $ 7.700 11/11/03 $ 1,540.00 200 $ 7.700 11/11/03 $ 1,540.00 200 $ 7.550 11/11/03 $ 1,510.00 200 $ 7.400 11/11/03 $ 1,480.00 100 $ 7.589 11/11/03 $ 758.90 200 $ 6.750 11/13/03 $ 1,350.00 300 $ 7.000 11/13/03 $ 2,100.00 200 $ 7.030 11/14/03 $ 1,406.00 200 $ 6.750 11/17/03 $ 1,350.00 100 $ 7.250 11/18/03 $ 725.00 200 $ 7.180 11/19/03 $ 1,436.00 5 Aggregate Purchase Price Number of Shares Without Purchased Purchase Price Trade Date Commission --------- -------------- ---------- ---------- 200 $ 7.050 11/19/03 $ 1,410.00 200 $ 7.050 11/20/03 $ 1,410.00 100 $ 6.979 11/20/03 $ 697.90 100 $ 6.999 11/21/03 $ 699.90 100 $ 7.069 11/21/03 $ 706.90 100 $ 6.929 11/24/03 $ 692.90 100 $ 7.150 11/28/03 $ 715.00 100 $ 7.150 11/28/03 $ 715.00 100 $ 7.100 11/28/03 $ 710.00 100 $ 7.100 12/1/03 $ 710.00 100 $ 6.949 12/3/03 $ 694.90 200 $ 7.300 12/5/03 $ 1,460.00 300 $ 7.050 12/8/03 $ 2,115.00 200 $ 6.850 12/8/03 $ 1,370.00 200 $ 6.850 12/8/03 $ 1,370.00 200 $ 6.800 12/9/03 $ 1,360.00 200 $ 7.520 12/12/03 $ 1,504.00 100 $ 7.520 12/12/03 $ 752.00 300 $ 7.520 12/12/03 $ 2,256.00 200 $ 7.520 12/12/03 $ 1,504.00 200 $ 7.250 12/15/03 $ 1,450.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.250 12/15/03 $ 725.00 100 $ 7.100 12/15/03 $ 710.00 100 $ 7.100 12/15/03 $ 710.00 100 $ 7.100 12/15/03 $ 710.00 100 $ 7.100 12/15/03 $ 710.00 100 $ 7.100 12/15/03 $ 710.00 100 $ 7.100 12/15/03 $ 710.00 400 $ 7.100 12/15/03 $ 2,840.00 200 $ 6.750 12/15/03 $ 1,350.00 500 $ 7.500 12/16/03 $ 3,750.00 300 $ 7.500 12/16/03 $ 2,250.00 800 $ 8.400 12/16/03 $ 6,720.00 200 $ 8.400 12/16/03 $ 1,680.00 517 $ 8.430 12/16/03 $ 4,358.31 483 $ 8.480 12/16/03 $ 4,095.84 1,000 $ 8.900 12/17/03 $ 8,900.00 200 $ 8.800 12/17/03 $ 1,760.00 1,800 $ 8.800 12/17/03 $ 15,840.00 2,000 $ 9.100 12/17/03 $ 18,200.00 200 $ 9.089 12/17/03 $ 1,817.80 6 Aggregate Purchase Price Number of Shares Without Purchased Purchase Price Trade Date Commission --------- -------------- ---------- ---------- 300 $ 8.700 12/18/03 $ 2,610.00 500 $ 8.850 12/18/03 $ 4,425.00 100 $ 8.720 12/18/03 $ 872.00 100 $ 8.720 12/18/03 $ 872.00 100 $ 8.720 12/18/03 $ 872.00 200 $ 8.720 12/18/03 $ 1,744.00 100 $ 8.720 12/18/03 $ 872.00 250 $ 8.720 12/18/03 $ 2,180.00 100 $ 8.720 12/18/03 $ 872.00 50 $ 8.720 12/18/03 $ 436.00 200 $ 9.000 12/19/03 $ 1,800.00 100 $ 9.000 12/19/03 $ 900.00 100 $ 8.970 12/19/03 $ 897.00 400 $ 9.000 12/19/03 $ 3,600.00 500 $ 9.120 12/19/03 $ 4,560.00 700 $ 9.120 12/19/03 $ 6,384.00 200 $ 9.189 12/19/03 $ 1,837.80 800 $ 9.750 12/22/03 $ 7,800.00 1,000 $ 9.650 12/22/03 $ 9,650.00 200 $ 9.850 12/22/03 $ 1,970.00 1,400 $ 9.850 12/22/03 $ 13,790.00 400 $ 9.850 12/22/03 $ 3,940.00 200 $ 9.810 12/22/03 $ 1,962.00 300 $ 9.600 12/23/03 $ 2,880.00 200 $ 10.750 12/23/03 $ 2,150.00 300 $ 10.750 12/23/03 $ 3,225.00 100 $ 10.700 12/24/03 $ 1,070.00 900 $ 10.700 12/24/03 $ 9,630.00 400 $ 10.550 12/24/03 $ 4,220.00 300 $ 10.550 12/24/03 $ 3,165.00 200 $ 10.550 12/24/03 $ 2,110.00 100 $ 10.550 12/24/03 $ 1,055.00 200 $ 10.450 12/24/03 $ 2,090.00 200 $ 10.719 12/24/03 $ 2,143.80 100 $ 10.739 12/24/03 $ 1,073.90 500 $ 10.920 12/26/03 $ 5,460.00 200 $ 10.899 12/26/03 $ 2,179.80 200 $ 10.989 12/26/03 $ 2,197.80 100 $ 10.800 12/29/03 $ 1,080.00 100 $ 10.830 12/29/03 $ 1,083.00 300 $ 10.900 12/29/03 $ 3,270.00 500 $ 10.900 12/29/03 $ 5,450.00 600 $ 10.800 12/29/03 $ 6,480.00 100 $ 10.760 12/29/03 $ 1,076.00 200 $ 10.760 12/29/03 $ 2,152.00 700 $ 10.760 12/29/03 $ 7,532.00 400 $ 10.990 12/29/03 $ 4,396.00 200 $ 10.760 12/30/03 $ 2,152.00 7 Aggregate Purchase Price Number of Shares Without Purchased Purchase Price Trade Date Commission --------- -------------- ---------- ---------- 400 $ 10.760 12/30/03 $ 4,304.00 100 $ 10.760 12/30/03 $ 1,076.00 275 $ 10.760 12/30/03 $ 2,959.00 100 $ 10.760 12/30/03 $ 1,076.00 500 $ 10.760 12/30/03 $ 5,380.00 25 $ 10.760 12/30/03 $ 269.00 200 $ 10.799 12/30/03 $ 2,159.80 200 $ 10.829 12/30/03 $ 2,165.80 400 $ 10.600 12/31/03 $ 4,240.00 100 $ 10.900 12/31/03 $ 1,090.00 100 $ 10.900 12/31/03 $ 1,090.00 400 $ 10.850 12/31/03 $ 4,340.00 200 $ 10.920 12/31/03 $ 2,184.00 100 $ 10.949 12/31/03 $ 1,094.90 100 $ 10.960 1/2/04 $ 1,096.00 100 $ 10.960 1/2/04 $ 1,096.00 100 $ 10.960 1/2/04 $ 1,096.00 400 $ 10.960 1/2/04 $ 4,384.00 100 $ 11.400 1/5/04 $ 1,140.00 200 $ 11.400 1/5/04 $ 2,280.00 300 $ 11.680 1/5/04 $ 3,504.00 100 $ 11.680 1/5/04 $ 1,168.00 100 $ 11.680 1/5/04 $ 1,168.00 200 $ 11.680 1/5/04 $ 2,336.00 100 $ 11.760 1/5/04 $ 1,176.00 900 $ 11.760 1/5/04 $ 10,584.00 500 $ 12.000 1/5/04 $ 6,000.00 1,250 $ 12.000 1/5/04 $ 15,000.00 450 $ 12.000 1/5/04 $ 5,400.00 50 $ 12.000 1/5/04 $ 600.00 100 $ 12.000 1/5/04 $ 1,200.00 200 $ 12.000 1/5/04 $ 2,400.00 450 $ 12.000 1/5/04 $ 5,400.00 200 $ 11.999 1/5/04 $ 2,399.80 ----------------------------------------------------------------- 60,600 $ 546,876.75 ================================================================= 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: January 8, 2004 /s/ MELVIN LAUFER ----------------------------------------- Melvin Laufer 8