-----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, WvGdDyDdH+PVptyANjFy/6C5QJ2m+t0TLJRWG6XG92R0SCL/Yth5XrCy4iGJ3vBH SXTZlv7V6rc/TKEqZ3VpVA== 0000899140-00-000247.txt : 20000519 0000899140-00-000247.hdr.sgml : 20000519 ACCESSION NUMBER: 0000899140-00-000247 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000518 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: P&F INDUSTRIES INC CENTRAL INDEX KEY: 0000075340 STANDARD INDUSTRIAL CLASSIFICATION: METALWORKING MACHINERY & EQUIPMENT [3540] IRS NUMBER: 221657413 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-17051 FILM NUMBER: 639296 BUSINESS ADDRESS: STREET 1: 300 SMITH ST CITY: FARMINGDALE STATE: NY ZIP: 11735 BUSINESS PHONE: 5166941800 FORMER COMPANY: FORMER CONFORMED NAME: PLASTICS & FIBERS INC DATE OF NAME CHANGE: 19671225 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOROWITZ SIDNEY CENTRAL INDEX KEY: 0001114906 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 20596 LINKS CIRCLE CITY: BOCA RATON STATE: FL ZIP: 33434 BUSINESS PHONE: 5166941800 MAIL ADDRESS: STREET 1: 20596 LINKS CIRCLE CITY: BOCA RATON STATE: FL ZIP: 33434 SC 13D 1 INITIAL FILING ON SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 P & F INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock, par value $1.00 - -------------------------------------------------------------------------------- (Title of Class of Securities) 692830102 - -------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) Mr. Sidney Horowitz 20596 Links Circle Boca Raton, Florida 33434 (phone) Copy to : Neil Novikoff, Esq. Willkie Farr & Gallagher 787 Seventh Avenue New York, New York 10019 (212) 728-8000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 26, 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 which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13(d)-1(e), 13(d)-1(f) or 13(d)-1(g), check the following box: [ ] SCHEDULE 13D - ------------------- CUSIP No. 692830102 - ------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sidney Horowitz - ----------- -------------------------------------------------------------------- 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 PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 182,343 --------- ------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING 100,388 PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 182,343 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 100,388 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 282,731 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------- -------------------------------------------------------------------- 2 of 6 Item 1. Security and Issuer. This statement on Schedule 13D relates to the Class A Common Stock, par value $1.00 per share (the "Common Stock"), of P & F Industries, Inc. (the "Company"), and is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The address of the principal executive office of the Company is 300 Smith Street, Farmingdale, New York 11735. Item 2. Identity and Background. (a) This Statement is hereby filed by Sidney Horowitz. (b) and (c) Mr. Horowitz is Chairman Emeritus of the Board of Directors of the Company. Mr. Horowitz's address is 20596 Links Circle, Boca Raton, Florida 33434. (d) and (e) During the last five years, Mr. Horowitz has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor has he, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final 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. 3 of 6 (f) Mr. Horowitz is a citizen of the United States. Item 3. Source and Amount of Funds or Other Consideration. Mr. Horowitz used personal funds in making the purchases that are the subject of this Statement. Item 4. Purpose of Transaction. Mr. Horowitz purchased the Class A Common Stock that is the subject of this statement in order to acquire an equity interest in the Company. As of the date hereof, Mr. Horowitz has no present plans or proposals which relate to or would result in any of the actions referred to in section (a) through (j) of Item 4 of Schedule 13D. Nevertheless, depending on market conditions and other factors, Mr. Horowitz may sell or otherwise dispose of all or a portion of such Common Stock, or may purchase additional shares of Common Stock. Item 5. Interest in Securities of the Issuer. (a) and (b) The responses of Mr. Horowitz to Rows (7) through (13) of the cover page of this Schedule 13D are incorporated herein by reference. Included in the shares of Common Stock beneficially owned by Mr. Horowitz are 2,000 shares of Common Stock issuable upon the exercise of stock options, 400 shares of Common Stock owned by The Sidney and Grace Horowitz Foundation and 99,988 shares of Common Stock owned by his wife, Grace Horowitz, individually and as trustee for the daughter of 4 of 6 Grace Horowitz and Sidney Horowitz. Mr. Horowitz has shared voting power and shared dispositive power over the 400 shares of Common Stock owned by The Sidney and Grace Horowitz Foundation with the other directors of The Sidney and Grace Horowitz Foundation and over the 99,988 shares of Common Stock owned by Grace Horowitz, individually and as trustee for the daughter of Grace Horowitz and Sidney Horowitz. Mr. Horowitz disclaims beneficial ownership of the 99,988 shares of Common Stock owned by Mrs. Horowitz individually and as trustee for the daughter of Grace Horowitz and Sidney Horowitz. (c) Not Applicable (d) Not Applicable (e) Not Applicable Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits. None. 5 of 6 SIGNATURE 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: April 26, 2000 By: /s/ Sidney Horowitz ------------------------------ Name: Sidney Horowitz 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----