SC 13D/A 1 d50326_13d.txt AMENDMENT NO. 9 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 9) CONTINENTAL INFORMATION SYSTEMS CORPORATION (Name of Issuer) COMMON STOCK $.01 PAR VALUE (Title of Class of Securities) 211497102 (CUSIP Number) DAVID M. GERSTEIN, ESQ. MCLAUGHLIN & STERN, LLP 260 Madison Avenue, 18th Fl., N.Y., N.Y. 10016 / (212) 448-1100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 6, 2002 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement of Schedule 13G to report the acquisition which is the subject of the Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) 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 filed 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 the 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). CUSIP No. 211497102 SCHEDULE 13D Page 2 of 9 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EMANUEL GRUSS S.S. No. ###-##-#### ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* Not Applicable ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF See Item 5 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY See Item 5 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING See Item 5 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH See Item 5 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) See Item 5 ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 211497102 SCHEDULE 13D Page 3 of 9 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EMANUEL GRUSS AND LESLIE GRUSS, TRUSTEES FBO RIPTON PHILIP GRUSS ROSEN EID NO. 13-6960809 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* Not Applicable ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK STATE ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF See Item 5 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY See Item 5 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING See Item 5 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH See Item 5 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) See Item 5 ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 211497102 SCHEDULE 13D Page 4 of 9 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EMANUEL GRUSS AND LESLIE GRUSS, TRUSTEES FBO MORGAN ALFRED GRUSS ROSEN EID NO. 13-7012429 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* Not Applicable ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK STATE ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF See Item 5 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY See Item 5 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING See Item 5 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH See Item 5 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) See Item 5 ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 211497102 SCHEDULE 13D Page 5 of 9 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EMANUEL GRUSS AND BRENDA GRUSS, TRUSTEES FBO OREN ARTHUR GRUSS HIRSCH EID NO. 13-6875251 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* Not Applicable ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK STATE ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF See Item 5 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY See Item 5 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING See Item 5 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH See Item 5 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) See Item 5 ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 211497102 SCHEDULE 13D Page 6 of 9 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EMANUEL GRUSS AND BRENDA GRUSS, TRUSTEES FBO JONATHAN OSCAR GRUSS HIRSCH EID NO. 13-6960808 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* Not Applicable ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK STATE ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF See Item 5 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY See Item 5 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING See Item 5 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH See Item 5 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) See Item 5 ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 211497102 SCHEDULE 13D Page 7 of 9 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EMANUEL GRUSS AND BRENDA GRUSS, TRUSTEES FBO LENI GRUSS HIRSCH EID NO. 13-7067807 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* Not Applicable ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK STATE ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF See Item 5 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY See Item 5 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING See Item 5 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH See Item 5 ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) See Item 5 ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 211497102 SCHEDULE 13D Page 8 of 9 Pages Item 2. Identity and Background Each reporting person listed in Item 5 below of this Amendment No. 9 has been previously identified as a reporting person in the Schedule 13D, as amended, which was filed by such person as a member of the former joint filing group which was described in Item 6 to Amendment No. 8 dated February 7, 2002. Emanuel Gruss, one of such persons, is no longer a shareholder or director of Oscar Gruss & Son Incorporated which had been a member of such joint filing group. Item 5. Interest in Securities of the Issuer The following table sets forth the number of shares of the common stock of the issuer which are beneficially owned (as the term "beneficially" is defined in Rule 13d-3) by each of the above described reporting persons and by all of such reporting persons in the aggregate, as a group, together with the percentage of such common stock beneficially owned by each reporting person and all reporting persons in the aggregate, as a group, on the date hereof. Of such reporting persons, Emanuel Gruss has sole power to vote and dispose of the shares of such common stock which are owned by him. He and Leslie Gruss, as co-trustees, have the shared power to vote and dispose of the shares owned by the two trusts for the benefit of Ripton Philip Gruss Rosen and Morgan Alfred Gruss Rosen, respectively, which are described in such table. He and Brenda Gruss, as co- trustees, have the shared power to vote and dispose of the shares owned by three trusts for the benefit of Oren Arthur Gruss Hirsch, Jonathan Oscar Gruss Hirsch and Leni Gruss Hirsch, respectively, which are described in such table. NUMBER OF SHARES PERCENTAGE OF COMMON BENEFICIALLY STOCK BENEFICIALLY NAME OWNED OWNED ---- ------------ -------------------- Emanuel Gruss (Note 1) 363,699 7.04% Emanuel Gruss and Leslie Gruss as 65,381 1.27% Trustees FBO Ripton Philip Gruss Rosen Emanuel Gruss and Leslie Gruss as 61,293 1.19% Trustees FBO Morgan Alfred Gruss Rosen Emanuel Gruss and Brenda Gruss as 1,000 0.02% Trustees FBO Oren Arthur Gruss Hirsch Emanuel Gruss and Brenda Gruss as 1,000 0.02% Trustees FBO Jonathan Oscar Gruss Hirsch Emanuel Gruss and Brenda Gruss as 1,000 0.02% Trustees FBO Leni Gruss Hirsch All of the Reporting Persons 493,373 9.55% in the Aggregate as a Group Note 1: Mr. Gruss' wife, Riane Gruss, is the beneficial owner of 100,000 shares. He does not have or share any power to vote or dispose of any of such shares and disclaims any beneficial interest therein. *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 211497102 SCHEDULE 13D Page 9 of 9 Pages During the past sixty days the following transactions were effected by the following reporting persons in the over-the-counter market: NAME OF REPORTING DATE OF PERSON SHARES SOLD PRICE PER SHARE TRANSACTION ------ ----------- --------------- ----------- Emanuel Gruss and Brenda 48,685 500 shares @ $0.21 03/06/02 Gruss as Trustees FBO per share; Oren Arthur Gruss Hirsch balance @ $0.20 per share Emanuel Gruss and Brenda 44,597 $ 0.20 03/06/02 Gruss as Trustees FBO Jonathan Oscar Gruss Hirsch Emanuel Gruss and Brenda 24,833 $ 0.23 03/06/02 Gruss as Trustees FBO Leni Gruss Hirsch ------- TOTAL 118,115 SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true and complete. Dated: April 4, 2002 /s/ Emanuel Gruss -------------------------------------------- Emanuel Gruss /s/ Emanuel Gruss -------------------------------------------- Emanuel Gruss and Leslie Gruss as Trustees for the Benefit of Ripton Philip Gruss Rosen /s/ Emanuel Gruss -------------------------------------------- Emanuel Gruss and Leslie Gruss as Trustees for the Benefit of Morgan Alfred Gruss Rosen /s/ Emanuel Gruss --------------------------------------------- Emanuel Gruss and Brenda Gruss, as Trustees for the Benefit of Oren Arthur Gruss Hirsch /s/ Emanuel Gruss --------------------------------------------- Emanuel Gruss and Brenda Gruss, as Trustees for the Benefit of Jonathan Oscar Gruss Hirsch /s/ Emanuel Gruss --------------------------------------------- Emanuel Gruss and Brenda Gruss, as Trustees for the Benefit of Leni Gruss Hirsch *SEE INSTRUCTIONS BEFORE FILLING OUT!