-----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, IUChJM3gokI9Rh5H1dHRnrrYKvXZtD6Ugl6ximRRZ+jZTKob9Q2X0leRv8ZX+bpK L/g34yGhEpXPteXwZRQrEg== 0000904374-97-000003.txt : 19970310 0000904374-97-000003.hdr.sgml : 19970310 ACCESSION NUMBER: 0000904374-97-000003 CONFORMED SUBMISSION TYPE: SC 13D/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970307 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRIC FUEL CORP CENTRAL INDEX KEY: 0000916529 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 954302784 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47121 FILM NUMBER: 00000000 BUSINESS ADDRESS: STREET 1: 885 THIRD AVE STREET 2: STE 2900 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122302172 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: SUITE 2900 CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GROSS LEON S CENTRAL INDEX KEY: 0000904374 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ENTERPRISES INC STREET 2: RIVER PARK HOUSE 3600 COSHOCKEN AVE CITY: PHILADELPHIA STATE: PA ZIP: 19131 BUSINESS PHONE: 2154738674 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* Electric Fuel Corporation (Name of Issuer) Common Stock $0.01 Par Value (Title of Class of Securities) 284871-10-0 (CUSIP Number) Steven M. Plon, Esquire, Silverman Coopersmith Hillman & Frimmer Two Penn Center Plaza, Suite 910, Philadelphia, PA 19102, (215) 636-4482 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 19, 1996 (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 13d-1(b)(3) or (4), check the following box. Check the following box if a fee is being paid with the 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 claim 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 13d1(a) for other parties to whom copies are to be sent. *The remainder of this coverage 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 action of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following page(s)) Page 1 of 5 13D 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Leon S. Gross S.S. No. ###-##-#### 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS* PF and 00 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 3,325,962 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 1,837,562 10. SHARED DISPOSITIVE POWER 1,488,400 shares are subject to Margin Account Agreements. 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,325,962 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.4% of issued and outstanding stock 14. TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 5 AMENDMENT NO. 4 TO SCHEDULE 13D This Amendment No. 4 to the Schedule 13D dated February 23, 1996, as amended by the First Amendment to Schedule 13D dated April 30, 1996, the Second Amendment to Schedule 13D dated September 1, 1996 and the Third Amendment to Schedule 13D dated October 11, 1996 (the "Existing Schedule 13D"), is being filed by the undersigned in accordance with Rule 13d-2(a) of the general rules and regulations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and amends the Existing Schedule 13D to the extent set forth below. Terms defined in the Existing Schedule 13D are used herein as so defined. Item 3. Source and Amount of Funds or Other Consideration. Amend Item 3 of the Existing Schedule 13D by adding the following paragraph: The Shares of the Issuer purchased by Mr. Gross in a private sale were acquired at a cost of $1,080,000. The 90,600 Shares of the Issuer acquired by Mr. Gross in open market purchases since October 11, 1996 (the date of the filing of the most recent Amendment to his Schedule 13D) were acquired at a cost (excluding commissions) of $557,037.50. The funds required for all of the foregoing Shares purchased by Mr. Gross were provided, in part, by Mr. Gross's personal funds, and, in part, from funds borrowed by Mr. Gross through his margin accounts at the Brokerage Firms. Item 5. Interest in Securities of the Issuer. The third paragraph of Items 5(a) and (b) of the Existing Schedule 13D is hereby amended to read as follows: Mr. Gross beneficially owns 3,325,962 shares of Common Stock, or 23.4% of the Common Stock outstanding. Mr. Gross has the sole power to vote all Shares beneficially owned by him. Mr. Gross has sole power to dispose of all Shares beneficially owned by him, except for rights as to disposition for a total of 1,488,400 Shares granted to the Brokerage Firms under their respective Margin Account Agreements. To the best of Mr. Gross' knowledge, no other person has the right to receive or the power to direct the receipt of dividends from, or proceeds of the sale of, the shares of Common Stock held by him. (c) Listed below are the acquisitions of Shares by Mr. Gross which have occurred since October 11, 1996, the date of Mr. Gross's most recent Amendment to Schedule 13D. Other than the shares purchased on December 19, 1996, which were purchased pursuant to a private sale, the acquisitions were made through open market purchases. Page 3 of 5 Date Number of Shares Price Per Share November 6, 1996 100 $6.00 November 13, 1996 30,000 $6.125 November 25, 1996 17,500 $6.125 November 26, 1996 20,000 $6.125 November 27, 1996 3,000 $6.00 December 6, 1996 2,500 $6.25 December 9, 1996 3,000 $6.25 December 12, 1996 4,000 $6.25 December 17, 1996 9,500 $6.25 December 18, 1996 1,000 $6.25 December 19, 1996 160,000 $6.75 ________ Total 250,600 Item 6. Contracts, Arrangements, Understanding or Relationship With Respect to Securities of the Issuer. Item 6 of the Existing Schedule 13D is hereby amended by adding the following paragraph: Since the filing of the Existing Schedule 13D, Mr. Gross has added Shares to the margin accounts he has with the Brokerage Firms. As of December 19, 1996, Mr. Gross' Shares are pledged as follows: Brokerage Firm Number of Shares Advest 29,000 Donaldson, Lufkin & Jenrette 163,500 Goldman Sachs 20,000 Lehman Brothers 1,129,600 Prudential 146,300 __________ TOTAL 1,488,400 Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date 12/27/96 /s/ Leon S. Gross Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----