-----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, Bv/NNTzqmlRB74j9MDh5gHy1+gWB47v20xDNyoINdQGAR+bgXODGoMnFQqy5Y/xw 9lE6scpDLwbSA+MnVEbkOQ== 0001144204-08-000422.txt : 20080103 0001144204-08-000422.hdr.sgml : 20080103 20080103155254 ACCESSION NUMBER: 0001144204-08-000422 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080103 DATE AS OF CHANGE: 20080103 GROUP MEMBERS: MOMAR CORPORATION GROUP MEMBERS: TERUMAH FOUNDATION, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE BANCORP INC /DE/ CENTRAL INDEX KEY: 0000759718 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 942563513 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38037 FILM NUMBER: 08506380 BUSINESS ADDRESS: STREET 1: 160 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10038 BUSINESS PHONE: 2127915362 MAIL ADDRESS: STREET 1: 160 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10038 FORMER COMPANY: FORMER CONFORMED NAME: COOPER LIFE SCIENCES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COOPER LASERSONICS INC DATE OF NAME CHANGE: 19880608 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARX MOSES CENTRAL INDEX KEY: 0000941992 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2123492875 MAIL ADDRESS: STREET 1: 160 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10038 SC 13D/A 1 v098706_sc13da.htm Unassociated Document
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
 
OMB NUMBER: 3235-0145
 
Expires: February 28, 2009
 
Estimated average burden
Hours per response…11
 
SCHEDULE 13D
 
 
Under the Securities Act of 1934
(Amendment No. 17)*

BERKSHIRE BANCORP INC.
(Name of Issuer)


COMMON STOCK, $.10 PAR VALUE
(Title of Class of Securities)

084597-10-3
(CUSIP Number)


Emanuel J. Adler
Blank Rome LLP
405 Lexington Avenue
New York, New York 10174
(212) 885-5000
(Name, Address and Telephone Number of Person
Authorized to receive Notice and Communications)

December 24, 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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o.

Note: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See §240.13d-7 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).
 



PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.

SEC 1746 (11-03)
 
 
Page 1of 7 Pages

 
 
CUSIP NO. 084597-10-3
   

1.
NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
MOSES MARX
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) ý
(B) o
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
PF
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) or 2(E) o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
UNITED STATES
NUMBER OF
SHARES
7.
SOLE VOTING POWER
 
3,752,808
BENEFICIALLY
OWNED BY
8.
SHARED VOTING POWER
 
-0-
EACH
REPORTING
9.
SOLE DISPOSITIVE POWER
 
3,752,808
PERSON WITH
10.
SHARED DISPOSITIVE POWER
 
-0-
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,752,808
12.
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ý
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
53.3%
14.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN
 
 
Page 2of 7 Pages

 
 
CUSIP NO. 084597-10-3
   

1.
NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
MOMAR CORPORATION
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) ý
(B) o
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
N/A
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) or 2(E) o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
MARYLAND
NUMBER OF
SHARES
7.
SOLE VOTING POWER
 
285,000
BENEFICIALLY
OWNED BY
8.
SHARED VOTING POWER
 
-0-
EACH
REPORTING
9.
SOLE DISPOSITIVE POWER
 
285,000
PERSON WITH
10.
SHARED DISPOSITIVE POWER
 
-0-
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
285,000
12.
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.0%
14.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO

 
Page 3of 7 Pages

 
 
CUSIP NO. 084597-10-3
   

1.
NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
TERUMAH FOUNDATION, INC.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) ý
(B) o
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
N/A
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) or 2(E) o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
NUMBER OF
SHARES
7.
SOLE VOTING POWER
 
386,163
BENEFICIALLY
OWNED BY
8.
SHARED VOTING POWER
 
-0-
EACH
REPORTING
9.
SOLE DISPOSITIVE POWER
 
386,163
PERSON WITH
10.
SHARED DISPOSITIVE POWER
 
-0-
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
386,163
12.
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.5%
14.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO

 
Page 4of 7 Pages

 
 
Item 2.
Identity and Background.

 
(a) This Amendment No. 17 amends and supplements the Schedule 13D, as amended and supplemented by Amendments Nos. 1 through 16, inclusive (the "Schedule 13D"), of Moses Marx, an individual, and Momar Corporation, a Maryland corporation ("Momar"), with respect to the Common Stock, $.10 par value ("Common Stock") of Berkshire Bancorp Inc., a Delaware corporation (the "Company"), formerly known as Cooper Life Sciences, Inc. Except as amended hereby, there has been no change in the information contained in the Schedule 13D. Pursuant to Rule 13d-1(f)(1) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this Schedule 13D is being filed by Mr. Marx, Momar and Terumah Foundation, Inc., a New York not-for-profit corporation (the "Foundation"). The individual and entities hereinabove set forth (collectively, the "Reporting Persons") are making this single, joint filing because they may be deemed to constitute a "group" within the meaning of Section 13d(d)(3) of the Exchange Act. Information regarding Mr. Marx, Momar and the Foundation in response to Item 2 of Schedule 13D has been previously submitted in prior filings of this Schedule 13D.
 
Item 3.
Source and Amount of Funds or other Consideration.
 
 
The source and amount of the funds used by Mr. Marx to purchase the shares of Common Stock reported in Item 5(c) are personal funds in the aggregate amount of $2,192,382.00.
 
Item 5.
Interest in Securities of the Issuer.
 
 
(a) - (b)

 
According to the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2007, there were 7,039,706 shares of Common Stock outstanding on November 12, 2007.

 
As of the date of this Amendment No. 17 Moses Marx beneficially owned 3,752,808 shares of Common Stock, representing 53.3% (calculated in accordance with the instructions to Schedule 13D) of the issued and outstanding shares of the Common Stock. Said securities consist of (i) 3,081,645 shares owned directly by Mr. Marx; (ii) 285,000 shares owned of record by Momar; and (iii) 386,163 shares owned of record by the Foundation. With respect to the shares described in clauses (ii) and (iii), Mr. Marx may be deemed to be a beneficial owner of such shares by virtue of his being the only person (in the case of the Foundation, by voting together with his wife, Marga Marx, who together constitute a majority of the votes on the Foundation’s Board of Directors) in a position to determine the investment and voting decisions of Momar and the Foundation, respectively, with respect to such shares.

 
The foregoing does not include any of the 162,184 shares owned by Eva and Esther, L.P., of which Mr. Marx has a 23.0% limited partnership interest and of which Mr. Marx’s daughters and their husbands are the general partners.

(c)  During the last 60 days, Mr. Marx made the following purchases of shares of Common Stock in open market transactions on the NASDAQ Global Market:

 
Date
   
Number of
Shares Purchased
 
 
Price Per Share
 
12/24/2007
   
266
 
$
15.50
 
12/24/2007
   
25,000
 
$
15.75
 
12/24/2007
   
25,000
 
$
15.85
 
12/24/2007
   
25,000
 
$
15.95
 
12/24/2007
   
25,000
 
$
16.00
 
12/26/2007
   
37,239
 
$
15.50
 
12/27/2007
   
1,439
 
$
15.50
 
 
 
Page 5of 7 Pages

 
 
 
(d) Each of the Reporting Persons affirms that no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock owned by the Reporting Persons.

 
(e) It is inapplicable for the purposes hereof to state the date on which the Reporting Persons ceased to be the owners of more than five percent of the Common Stock.

 
Page 6of 7 Pages

 
 
SIGNATURE
 
After reasonable inquiry, and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: January 3, 2008

     
   
 
 
 
 
 
 
By:   /s/ Moses Marx
 
MOSES MARX
   

     
  MOMAR CORPORATION
 
 
 
 
 
 
By:   /s/ Moses Marx
 
Name: Moses Marx
  Title: President

     
  TERUMAH FOUNDATION, INC.
 
 
 
 
 
 
By:   /s/ Philippe D. Katz
 
Name: Philippe D. Katz
  Title: Secretary


 
Page 7of 7 Pages

 
 
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