SC 13D/A 1 electric_13da5.txt AMENDMENT NO. 5 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13D Amendment No. 5 (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 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) August 14, 2007 ------------------------------------------------------ (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: 588,228 SHARES -------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 588,228 REPORTING -------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -------------------------------------- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 588,228 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.50% -------------------------------------------------------------------------------- 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, Amendment 2 filed on September 12, 2003, Amendment 3 filed January 8, 2004, and Amendment 4 filed on September 7, 2004 (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 additional shares reported 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 $775,651.87 using personal funds. Amendment of Item 5. Interest in Securities of the Issuer At August 14, 2007, the aggregate number of shares beneficially owned by Mr. Laufer was 588,228 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 in the last 60 days. All the following transactions were completed through brokers on the open market. Aggregate Number of Purchase Price Shares Purchase Price Without Purchased Per Share Trade Date Commission --------- ---------- ---------- ----------- 100 13.90 7/2/2007 1,417.00 100 13.84 7/2/2007 1,411.00 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: August 14, 2007 /s/ MELVIN LAUFER ----------------------------------------- Melvin Laufer 3