-----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, RB98o8ZZJX8s+Yy57aXeKOJli/iFpMLZdPP+dZ9EwpL+9Swxuk2nG74iPzBQdWwr CsxReLkyox/U13x1VTRlJw== 0000733553-97-000220.txt : 19971111 0000733553-97-000220.hdr.sgml : 19971111 ACCESSION NUMBER: 0000733553-97-000220 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971110 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL SECURITY INSTRUMENTS INC CENTRAL INDEX KEY: 0000102109 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 520898545 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-07225 FILM NUMBER: 97711451 BUSINESS ADDRESS: STREET 1: 10324 S DOLFIELD RD CITY: OWINGS MILLS STATE: MD ZIP: 21117-3586 BUSINESS PHONE: 4103633000 MAIL ADDRESS: STREET 1: 10324 S. DOLFIELD RD CITY: OWINGS MILLS STATE: MD ZIP: 21117-3586 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NEUBERGER & BERMAN LLC CENTRAL INDEX KEY: 0000733553 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 135521910 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 605 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10158-3698 BUSINESS PHONE: 2124769000 FORMER COMPANY: FORMER CONFORMED NAME: NEUBERGER & BERMAN L P /ADV DATE OF NAME CHANGE: 19940411 FORMER COMPANY: FORMER CONFORMED NAME: NEUBERGER & BERMAN L P /ADV DATE OF NAME CHANGE: 19940411 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities and Exchange Act of 1934 (Amendment No. ) Name of Issuer: Universal Security Instruments Inc. Title of Class of Securities: common Cusip Number: 913821104 Name, Address and Telephone Number of Person authorized to receive notices and communications: Kenneth E. Leopold, Senior Attorney, c/o Neuberger&Berman, LLC, 605 Third Avenue, NY, NY 10158 Date of Event which requires Filing of this statement: October 30, 1997 If the filing person has previously filed a statement on schedule 13g to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box Note: Six copies of this statement , including all exhibits, should be filed with the Commission. See Rule 13d-1 (a) 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 containing 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). SCHEDULE 13 D CUSIP NO. 913821104 1.Name of Reporting Person S.S. or IRS identification NO. of Above Person Norman H. Pessin SS # ###-##-#### 2.Check the appropriate box if a member of a group* a b 3. Sec use only 4.Source of funds* P.F.O.O. 5.Check Box 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 163,500 8.Shared voting power 0 9.Sole dispositive power 163,500 10. Shared dispositive power 0 11. Aggregate amount beneficially owned by each reporting person 163,500 12.Check box if the aggregate amount in row 11 excludes certain shares* 13. Percent of class represented by amount in row 11. 5.04% 14.Type of reporting person* IN ITEM 1 Security and Issuer This statement related to the common stock (the "Shares") of Universal Security Instruments Inc. (the "Company"). The Address of the principal executive offices of the company is 10324 S. Dolfield Rd., Owings Mills, MD 21117. ITEM 2 Identity and Background A) The name of the individual filing this statement is Norman H. Pessin B) The business address of Norman H. Pessin is: c/o Neuberger&Berman, LLC, 605 Third Avenue, New York, New York 10158-3698. C) Norman H. Pessin is a Principal of Neuberger & Berman, LLC ("N&B"), a limited liability company organized under the laws of the State of Delaware. N&B is a registered broker/dealer and registered investment advisor which conducts a general brokerage, dealer and investment advisory business. This filing is made by Mr. Pessin individually and not in his capacity as Principal of N&B. The shares are held individually by Mr. Pessin and others. The firm of N&B has no voting or dispositive power regarding these shares. D) During the last five years Norman H. Pessin has not been convicted in a criminal proceeding(excluding traffic violations or similar misdemeanors). E) During the last five years Norman H. Pessin has not been a party to a civil proceeding as a result of which he is subject to judgement, decree or order enjoining future violations of or prohibiting or mandating activities subject to Federal or State securities laws or finding any violation with respect to such laws. F) Norman H. Pessin is a United States citizen. ITEM 3 Source and Amounts of Funds Norman H. Pessin owns 163,500 Shares for his personal account. The 163,500 Shares owned by Norman H. Pessin are held in "street name" and are part of his cash account at Neuberger & Berman, LLC. The Shares were acquired in several open market transactions, purchased between February 26, 1997 and October 30, 1997, for a total purchase cost of $99,482, including transaction charges. Those Shares acquired were purchased with his personal funds. ITEM 4 Purpose of Transaction Norman H. Pessin purchased the shares for investment purposes only. He does not have any plans or proposals which relate to or would result in any of the activities or matters referred to in paragraphs (a) through (j), inclusive of item 4 of Schedule 13D. ITEM 5 Interest in Securities of the Issuer A) Norman H. Pessin is the beneficial owner of 163,500 shares which represents 5.04% of the 3,241,603 shares outstanding. B) Norman H. Pessin has the sole power to dispose of 163,500 shares and has shared dispositive power with regard to 0 shares. Norman H. Pessin has sole voting power with regard to 163,500 shares and has shared voting power with regard to 0 shares. C) During the 60 days surrounding the event triggering this filing. Norman H. Pessin effected 2 open market transactions in the shares. The trade dates and prices are noted below: Trade Date B/S Shares Price 09/09/97 B 14,000 0.62 10/30/97 B 89,500 0.645 ITEM 6 Contracts, Agreements, Understandings or Relationship with Respect to Securities of Issuer There are no agreements, contracts or understandings of any kind between Norman H. Pessin and any other person with regard to the shares or the issuer. ITEM 7 Material to be filed as Exhibits There are no materials to be filed as exhibits. Signatures After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated:___________ ___________________ Norman H. Pessin -----END PRIVACY-ENHANCED MESSAGE-----