-----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, T906BoR2a0xbD1bpmLH6YW0wK+K08ENIM1Nz2vShi9AZMGIcW7BK35bAt4bMXig4 /yHxoXgVR4YFhCf/FsSjFg== 0000950123-00-004759.txt : 20000511 0000950123-00-004759.hdr.sgml : 20000511 ACCESSION NUMBER: 0000950123-00-004759 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000510 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLICARD INC CENTRAL INDEX KEY: 0000081050 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 230991870 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-16236 FILM NUMBER: 623833 BUSINESS ADDRESS: STREET 1: 620 FIFTH AVENUE ROCKEFELLER CENTER CITY: NEW YORK STATE: NY ZIP: 10020 MAIL ADDRESS: STREET 1: 620 FIFTH AVENUE ROCKEFELLER CENTER CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: PUBLICKER INDUSTRIES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FREUND HARRY I CENTRAL INDEX KEY: 0000924413 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 620 FIFTH AVENUE ROCKEFELLER CENTER STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2129693220 MAIL ADDRESS: STREET 1: 620 FIFTH AVENUE ROCKEFELLER CTR 7TH FL STREET 2: C/O BALFOUR INVESTORS INC. CITY: NEW YORK STATE: NY ZIP: 10020 SC 13D/A 1 AMENDMENT NO. 12 TO SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 12) PubliCARD, Inc. ----------------------------------------------- (Name of Issuer) Common Stock, $.10 par value ----------------------------------------------- (Title of Class of Securities) 744635103 ----------------------------------------------- (CUSIP Number) Joel I. Greenberg, Esq. Kaye, Scholer, Fierman, Hays & Handler, LLP 425 Park Avenue New York, New York 10022 (212) 836-8201 ----------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 12, 2000 ----------------------------------------------- (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. [ ] 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. *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 continuing 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). (Continued on following pages) (Page 1 of 5) 2
------------------- ----------------- CUSIP NO. 744635103 SCHEDULE 13D PAGE 2 OF 5 PAGES ------------------- ----------------- - ------------------------------------------------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS Harry I. Freund I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) - ------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] (b) [X] - ------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS * PF, SC - ------------------------------------------------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------------------------------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 1,916,006 SHARES -------------------------------------------------------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER EACH 18,454 REPORTING -------------------------------------------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 1,916,006 -------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 292,079 - ------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,208,085 - ------------------------------------------------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ] - ------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.53% - ------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON * IN - ------------------------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT! 3 AMENDMENT NO. 12 TO SCHEDULE 13D This Amendment No. 12, dated May 10, 2000, to Schedule 13D (this "Statement") is filed on behalf of Harry I. Freund and amends Schedule 13D filed on behalf of Mr. Freund, as previously amended by Amendment No. 11 filed with the Securities and Exchange Commission on October 1, 1998 (the "Schedule 13D"), relating to the common stock, $.10 par value (the "Common Stock") of PubliCARD, Inc., a Pennsylvania corporation (the "Company"). Item 3 of the Schedule 13D is hereby amended, and Item 5 of the Schedule 13D is hereby amended and restated in its entirety, as follows: ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION On the following dates, Mr. Freund acquired the following numbers of shares of Common Stock at the prices set forth below:
Date of Purchase Number of Shares Purchased Purchase Price Per Share ----------------- -------------------------- ------------------------ 1/15/99(1) 13,000 $9.5435 3/8/99 125,000 $1.50 7/26/99(2) 2,450 N/A 7/26/99(2) 2,450 N/A 1/3/00(2) 3,004 N/A 1/3/00(2) 3,004 N/A 4/7/00 200,000 $2.50
Mr. Freund used his personal funds for the March 8, 1999 purchase of 125,000 shares of Common Stock disclosed above. The April 7, 2000 purchase of 200,000 shares was effected through the exercise of stock options by delivery of 72,728 shares of Common Stock with a fair market value on such date equal to the exercise price of such options. During the period from January 1999 through April 2000, Mr. Freund acquired an aggregate of 348,908 shares of Common Stock as listed above and disposed of an aggregate of 171,878 shares of Common Stock, including 72,728 shares of Common Stock delivered to the Company in payment for the exercise price of the stock options referred to above and 63,000 shares - -------- (1)Shares were acquired by the Balfour Defined Benefits Pension Plan (the "Plan"), of which Mr. Freund is a Trustee and Plan Administrator and in which Mr. Freund is a participant. Mr. Freund disclaims beneficial ownership of 5,850 shares of Common Stock held by the Plan (based on Mr. Freund's proportionate interest in the Plan of approximately 55% as of December 31, 1998). (2)Shares acquired through gift transaction. The 2,450 shares acquired on July 26, 1999 were acquired by Mr. Freund's wife through a gift transaction. Page 3 of 5 4 of Common Stock disposed of pursuant to gifts. The remaining 36,150 shares were sold in open market transactions. The proceeds of this sale were used to pay taxes incurred as a result of the April 7, 2000 stock option exercise. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As of the close of business on the date of this Statement, Mr. Freund may be deemed, pursuant to Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, to own beneficially 2,208,085 shares of Common Stock, including shares of Common Stock which may be acquired by Mr. Freund within 60 days as follows: 341,912 shares through the exercise of stock options and 688,861 shares through the exercise of stock purchase warrants. Such shares constitute 9.53% of the 23,162,270 shares of Common Stock outstanding as of such date, calculated in accordance with Rule 13d-3 under the Exchange Act. The shares beneficially owned also include 5,454 shares of Common Stock held by Mr. Freund's spouse as to which Mr. Freud may be deemed to have shared voting and investment power but disclaims beneficial ownership. In addition, the shares of Common Stock beneficially owned also include 13,000 shares of Common Stock held by the Balfour Defined Benefits Pension Plan (the "Plan"), of which Mr. Freund is a Trustee and Plan Administrator and in which Mr. Freund is a participant. Mr. Freund has shared voting and investment power over the 13,000 shares of Common Stock, but disclaims beneficial ownership of 5,850 shares of Common Stock held by the Plan (based on Mr. Freund's proportionate interest in the Plan of approximately 55% as of December 31, 1998). In addition, the shares of Common Stock beneficially owned include 273,625 shares that may be deemed to be owned beneficially by Mr. Freund which are held by Balfour Investors Incorporated ("Balfour") for its clients in discretionary accounts, as to which Mr. Freund disclaims beneficial ownership. Messrs. Freund and Jay S. Goldsmith are Chairman and President, respectively, and the only shareholders of Balfour. The discretionary clients of Balfour have the sole power to vote and direct the vote of the shares held in their account. Balfour and its discretionary clients have shared power to dispose of or direct the disposition of the shares held in such clients' accounts. At present, Balfour has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Company's Common Stock for all of its discretionary clients. See Item 3 above for a description of any transactions in Common Stock that were effected since November 1, 1998. Except as to the shares of the Company's Common Stock held by his wife, as Trustee and Plan Administrator of the Plan and by Balfour for its discretionary clients, Mr. Freund has the sole power to vote and dispose of the shares of the Company's Common Stock owned beneficially by him. Page 4 of 5 5 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. Date: May 10, 2000 /s/ Harry I. Freund ------------------------- Harry I. Freund Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----