SC 13D/A 1 epolin.txt SUBJECT COMPANY: EPOLIN, INC. COMPANY DATA: COMPANY CONFORMED NAME: EPOLIN, INC. CENTRAL INDEX KEY: 0000797079 STANDARD INDUSTRIAL CLASSIFICATION: IRS NUMBER: 22-2547226 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A AMMENDMENT NO.2 SEC ACT: SEC FILE NUMBER: FILM NUMBER: BUSINESS ADDRESS: STREET 1: 358-364 ADAMS STREET STREET 2: CITY: NEWARK STATE: NJ ZIP: 07105 BUSINESS PHONE: 973-465-9495 MAIL ADDRESS: STREET 1: 358-364 ADAMS STREET STREET 2: CITY: NEWARK STATE: NJ ZIP: 07105 BUSINESS PHONE: 973-465-9495 E-MAIL ADDRESS: LJGOLDSTEIN@BLOOMBERG.NET APPLICANT IS A: FILER [X] INITIAL FILER IRS NUMBER: 13-3100474 TELEPHONE NUMBER: 914-833-0875 PERSON TO RECEIVE EDGAR INFORMATION, INQUIRIES & CODES: LAWRENCE J. GOLDSTEIN PERSON TO RECEIVE SEC ACCOUNT INFORMATION & BILLING INVOICES: LAWRENCE J. GOLDSTEIN SIGNATURE: LAWRENCE J. GOLDSTEIN POSITION OR TITLE: GENERAL PARTNER DATE: 09/03/02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 NAME OF ISSUER: EPOLIN, INC. TITLE OF CLASS OF SECURITIES: COMMON STOCK,NO PAR VALUE CUSIP NUMBER: 294276100 AUTHORIZED TO RECEIVE NOTICES & COMMUNICATIONS: LAWRENCE J. GOLDSTEIN 1865 PALMER AVENUE LARCHMONT, NY 10538 (914) 833-0875 DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: AUGUST 30, 2002 ---------------------------------------------------------------- -------------------------------------------- CUSIP NUMBER: 294276100 ---------------------------------------------------------------- -------------------------------------------- 1. NAME OF REPORTING PERSONS. IRS IDENTIFICATION NUMBERS: SANTA MONICA PARTNERS LP 13-3100474 ---------------------------------------------------------------- -------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ---------------------------------------------------------------- -------------------------------------------- 3. SEC USE ONLY ---------------------------------------------------------------- -------------------------------------------- 4. SOURCE OF FUNDS: WC ---------------------------------------------------------------- -------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED TO ITEMS 2(d) OR 2 (e) ---------------------------------------------------------------- -------------------------------------------- 6. CITIZONSHIP OR PLACE OF ORGANIZATION NEW YORK ---------------------------------------------------------------- -------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 825,900 BENEFICIALLY ------------------------------------------------- -------------------------------- OWENED BY 8. SHARE VOTING POWER EACH 0 REPORTING ------------------------------------------------- -------------------------------- PERSON 9. SOLE DISPOSITIVE POWER 825,900 WITH ------------------------------------------------- -------------------------------- 10. SHARED DISPOSITIVE POWER 0 ---------------------------------------------------------------- -------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 825,900 ---------------------------------------------------------------- -------------------------------------------- 12. CHECK IF THE AFFREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ---------------------------------------------------------------- -------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.95% ---------------------------------------------------------------- -------------------------------------------- 14. TYPE OF REPORTING PERSON PN ---------------------------------------------------------------- -------------------------------------------- Item 1. Security and Issuer Common Stock, no par value. Epolin, Incorporated which has its principal offices at 608 Allen Street, Jamestown, New York 14701 - 358-364 Adams Street, Newark, New Jersey 07105. Item 2. Identity and Background Santa Monica Partners, L.P. ("Santa Monica"). Santa Monica is organized under the laws of New York, its principal business is investments and the address of its principal place of business and principal office is 1865 Palmer Avenue, Larchmont, New York, 10538. Santa Monica has not during the last five years been convicted in a criminal proceeding and was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which it was or is subject to 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. The following information is provided as to the sole General Partner of Santa Monica: (A) Lawrence J. Goldstein (B) 1865 Palmer Avenue, Larchmont, New York 10538 (C) General Partner, Santa Monica Partners, L.P., 1865 Palmer Avenue, Larchmont, New York 10538 (D) During the past five years, such person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (E) During the past five years, such person was not a party to a civil proceeding or a judicial or administrative body of competent jurisdiction as a result of which he was or is subject of, or prohibition or mandating activities subject to Federal or State Securities laws or finding any violations with respect to such law. (F) U.S. Citizenship Item 3. Source and Amount of Funds or Other Consideration The source of all funds for purchases was working capital of Santa Monica Partners, L.P. Item 4. Purpose of the Transaction Santa Monica had acquired the shares for investment purposes. Santa Monica intends to review on a continuing basis its investment in the Issuer and may, depending upon its evaluation of the Issuer's business and prospects and upon future development, determine to increase or decrease, or continue to hold as an investment or dispose of the investment in the Issuer. Item 5. Interest in Securities of the Issuer (A) Santa Monica made the following purchases in the last 60 days in the open market: Date of Transaction Number of Shares Price Per Share August 29, 2002 50,000 $0.64 August 30, 2002 15,000 $0.64 (B) Santa Monica now owns 825,900 shares (6.95%) Item 6. Contracts, Arrangements, Understandings or Relationship to Securities of the Issuer Neither Santa Monica nor Mr. Goldstein has nay contract, arrangement, understanding or relationship with any other person with respect to any securities of the issuer, including, but not limited to the transfer or voting of any such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees or profits, division of profits or loss or the giving or withholding or proxies. Item 7. Material to be filed as Exhibits SIGNATURE After reasonable inquiry and to the best of my knowledge I certify that the information set forth in this statement is correct. November 16, 2001 SANTA MONICA PARTNERS LP By: /s/ Lawrence J. Goldstein Lawrence J. Goldstein General Partner SCHEDULE I DIRECTORS AND EXECUTIVE OFFICERS OF SANTA MONICA PARTNERS LP