-----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, JIKBSHrXTfWKoEUCtHfy0SXs6e1uuFg3jkF5wP2z3ll46NHql/zodKLIdz38zG70 Rs4KbaRuBgroh7QeTSr5Fg== 0000912057-97-024915.txt : 19970725 0000912057-97-024915.hdr.sgml : 19970725 ACCESSION NUMBER: 0000912057-97-024915 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 1 REFERENCES 429: 033-93894 FILED AS OF DATE: 19970724 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALPHA PRO TECH LTD CENTRAL INDEX KEY: 0000884269 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 631030494 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-26605 FILM NUMBER: 97644660 BUSINESS ADDRESS: STREET 1: 60 CENTURIAN DR STREET 2: SUITE 112 CITY: MARKHAM ONTARIO CANA STATE: A6 BUSINESS PHONE: 9054790654 MAIL ADDRESS: STREET 1: 60 CENTURION DR STREET 2: STE 112 CITY: MARKHAM ON STATE: A6 FORMER COMPANY: FORMER CONFORMED NAME: BFD INDUSTRIES INC DATE OF NAME CHANGE: 19930328 S-1/A 1 S-1/A Registration No. 333-26605 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________ Amendment No. 2 to Form S-1 REGISTRATION STATEMENT* UNDER THE SECURITIES ACT OF 1993 ALPHA PRO TECH, LTD. (Exact name of registrant as specified in its charter) ________
Delaware 3842 63-1009183 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number)
Alpha Pro Tech, Ltd. Sheldon Hoffman, CEO Suite 112, 60 Centurian Drive Suite 112, 60 Centurian Drive Markham, Ontario L34 9R2 Markham, Ontario L34 9R2 (905) 479-0654 (905) 479-0654 (Name, address, including zip code and (Name, address, including zip code telephone number, including area code and telephone number, including of registrant's principal executive area code, of agent for service) office)
Copy to: Peter Landau, Esq. Opton Handler Feiler and Landau, LLP 52 Vanderbilt Avenue, New York, N.Y. 10017 Approximate date of commencement of proposed sale to public as soon as practicable after effective date of Registration Statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. / X /. Alpha Pro Tech, Ltd. Notes to Consolidated Financial Statements - ------------------------------------------------------------------------------ Option activity for the three years ended December 31, 1996 is as follows:
Average Exercise Price Shares per Option ---------- --------------- Options outstanding, December 31, 1993................ 1,732,000 .80 Granted to employees/directors...................... 100,000 1.00 Granted to lenders.................................. 747,500 .90 Granted to consultants.............................. 555,000 1.00 Exercised........................................... (253,400) .88 Expired............................................. (108,600) 1.00 Canceled............................................ (85,000) 0.75 ---------- --------------- Options outstanding, December 31, 1994................ 2,687,500 0.82 Granted to employees/directors...................... 784,000 1.36 Granted to consultants.............................. 540,000 1.45 Exercised........................................... (310,000) 0.85 Canceled............................................ (160,000) 1.92 ---------- --------------- Options outstanding, December 31, 1995................. 3,541,500 0.98 Granted to employees................................ 87,000 1.12 Granted to consultants.............................. 10,000 1.47 Exercised........................................... (656,000) 0.85 Canceled............................................ (393,500) 1.06 ---------- --------------- Options outstanding, December 31, 1996................. 2,589,000 $ 1.01 ---------- --------------- ---------- ---------------
The following summarizes information about stock options outstanding at December 31, 1996:
Options Outstanding Exercise Average Average Price Shares Price Term ---------------------------------------- ---------- ------------- ---- $0.75 to $1.00.......................... 1,678,000 $ 0.79 1.61 $1.01 to $1.50.......................... 739,000 1.32 3.88 $1.51 to $2.00.......................... 50,000 2.00 1.25 $2.01 to $2.50.......................... 122,000 2.03 2.09
All but 60,000 of the above options are exercisable at December 31, 1996. The following summarizes the number of options and warrants issued for services and the respective values assigned for the three years ended December 31, 1996: Shares Value ---------- ---------- 1994 Options issued for services............... 1,302,500 $70,000 Warrants issued for services.............. 1,064,999 62,000 1995 Options issued for services.............. 540,000 56,000 Warrants issued for services............. 257,000 44,000 1996 Options issued for services (value includes extension of exercise date for 55,000 options).......................... 10,000 22,000 Warrants issued for services (value includes extension of exercise date for 119,048 warrants)........................ 95,384 46,000 F-23 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Markham, Province of Ontario, Canada on April , 1997. ALPHA PRO TECH, LTD. --------------------------- BY: Sheldon Hoffman Chief Executive Officer, Principal Financial Officer and Director Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated: - --------------------------- ----------------------- SHELDON HOFFMAN, ALEXANDER W. MILLAR, Chief Executive Officer President and Director Principal Financial Officer Date: , 1997 and Director Date: , 1997 - --------------------------- ----------------------- JOHN RITOTA, Director ROBERT ISALY, Director Date: , 1997 Date: , 1997 - --------------------------- ----------------------- LLOYD HOFFMAN DONALD E. BENNETT, JR. Vice President and Controller Director Principal Accounting Officer Date: , 1997 Date: , 1997 II-8 -----END PRIVACY-ENHANCED MESSAGE-----