SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------
SCHEDULE 13G
(Rule 13d - 102)
INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b), (c) and (d) AND AMENDMENTS
THERETO FILED PURSUANT TO
RULE 13d-2
Leading Brands, Inc.
--------------------
(Name of Issuer)
Common Stock, without par value
-------------------------------
(Title of Class of Securities)
52170U108
---------
(CUSIP Number)
Blair Axel, Esq.
General Counsel
Benjamin Partners, Inc.
589 Broadway
New York, NY 10012
(212) 334-8725
--------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Jeffrey E. LaGueux, Esq.
Patterson Belknap Webb & Tyler LLP
1133 Avenue of the Americas
New York, New York 10036-6710
(212) 336-2000
June 26, 2007
-------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
(Page 1 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Benjamin Investors
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
147,200
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 147,200
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
147,200
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.9%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(Page 2 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Benjamin Partners, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
2,500
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,500
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.02%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
(Page 3 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Benjamin Partners LLC
Retirement Plan Trust
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
3,600
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,600
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,600
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.02%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
EP
--------------------------------------------------------------------------------
(Page 4 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
BHC Company
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
8,500
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 8,500
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,500
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.05%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(Page 5 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Combined Partnership No. 1
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
70,100
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 70,100
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,100
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.43%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(Page 6 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
LifeWise Family Financial Security, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Utah
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
285,183
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 285,183
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,183
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.74%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
(Page 7 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Sara I Limited Liability Company
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
12,400
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 12,400
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,400
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.08%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
00
--------------------------------------------------------------------------------
(Page 8 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Anne Angowitz
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
200
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 8,500
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 200
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
8,500
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,700
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.05%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(Page 9 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Blair Axel
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
-0-
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 297,583
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
297,583
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
297,583
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.81%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(Page 10 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Amanda Salzhauer
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
22,400
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 47,686
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 22,400
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
47,686
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,086
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.43%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(Page 11 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Charles Salzhauer
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
15,527
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 228,300
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 15,527
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
228,300
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
243,827
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.49%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(Page 12 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Henry Salzhauer
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
17,121
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 675,713
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 17,121
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
675,713
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
692,834
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.22%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(Page 13 of 36 pages)
CUSIP No. 52170U108
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Salzhauer
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
46,850
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 723,399
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 46,850
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
723,399
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
770,249
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.4%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(Page 14 of 36 pages)
This statement on Schedule 13G (the "Statement") relates to shares of
common stock, no par value (the "Common Stock"), of Leading Brands, Inc., a
corporation formed under the laws of British Columbia, Canada (the "Issuer").
The principal executive offices of the Issuer are located at Suite 1800 - 1500
West Georgia Street Vancouver, BC Canada V6G 2Z6. This Statement is being filed
by Benjamin Investors, Benjamin Partners, Inc., Benjamin Partners LLC Retirement
Plan Trust, BHC Company, Combined Partnership No. 1, LifeWise Family Financial
Security, Inc., SARA I Limited Liability Company, Anne Angowitz, Blair Axel,
Amanda Salzhauer, Charles Salzhauer, Henry Salzhauer and Michael Salzhauer
(each, a "Reporting Person" and, collectively, the "Reporting Persons").
As of the date of this Statement, the Reporting Persons are the beneficial
owners of, in the aggregate, 825,497 shares of Common Stock, representing
approximately 5.03% of the shares of Common Stock presently outstanding.
ITEM 1.
(a) Name of Issuer:
Leading Brands, Inc.
(b) Address of Issuer's Principal Executive Offices:
Suite 1800 - 1500 West Georgia Street
Vancouver, BC Canada V6G 2Z6
(Page 15 of 36 pages)
ITEM 2. (a) - (c) Name of Person Filing, Address of Principal Business Office
or, if none, Residence and Citizenship:
Benjamin Investors is a New York general partnership ("Benjamin
Investors") with its principal business address at 589 Broadway, New York, New
York 10012.
Benjamin Partners, Inc. is a New York corporation ("Benjamin Partners")
with its principal business address at 589 Broadway, New York, New York 10012.
Benjamin Partners LLC Retirement Plan Trust (the "Trust") is a New York
trust with its principal business address at 589 Broadway, New York, New York
10012.
BHC Company is a New York general partnership ("BHC") with its principal
business address at 589 Broadway, New York, New York 10012.
Combined Partnership No. 1 is a New York limited partnership ("Combined
Partnership") with its principal business address at 589 Broadway, New York, New
York 10012.
LifeWise Family Financial Security, Inc. is a Utah corporation
("LifeWise") with its principal address at P.O. Box 58026, Salt Lake City, Utah
84158
SARA I Limited Liability Company is a Delaware limited liability company
("SARA") with its principal address at 589 Broadway, New York, New York 10012
Anne Angowitz is a citizen of the United States. She has an address at 370
Lexington Avenue, 27th Fl., New York, New York 10017
Blair Axel is a citizen of the United States. He has an address at 589
Broadway, New York, New York 10012.
(Page 16 of 36 pages)
Amanda Salzhauer is a citizen of the United States. She has an address at
589 Broadway, New York, New York 10012.
Charles Salzhauer is a citizen of the United States. He has an address at
589 Broadway, New York, New York 10012.
Henry Salzhauer is a citizen of the United States. He has an address at
589 Broadway, New York, New York 10012.
Michael Salzhauer is a citizen of the United States. He has an address at
589 Broadway, New York, New York 10012.
(d) Title of Class of Securities:
Common Stock, no par value
(e) CUSIP Number: 52170U108
ITEM 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [ ] Investment company as defined in Section 8 of the Investment
Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
(Page 17 of 36 pages)
ITEM 4. Ownership:
(a) - (b) As of the date hereof, Benjamin Investors beneficially
owns an aggregate of 147,200 shares of Common Stock, representing approximately
0.9% of the shares of Common Stock presently outstanding based upon the
16,421,678 shares of Common Stock reported by the Issuer to be issued and
outstanding as of June 19, 2007 (the "Issued and Outstanding Shares"). As the
general partners of Benjamin Investors, each of Charles Salzhauer, Henry
Salzhauer and Michael Salzhauer may be deemed to beneficially own the 147,200
shares of Common Stock beneficially owned by Benjamin Investors.
As of the date hereof, Benjamin Partners beneficially owns an
aggregate of 2,500 shares of Common Stock representing approximately .02% of the
Issued and Outstanding Shares. As the directors of Benjamin Partners, each of
Charles Salzhauer, Henry Salzhauer and Michael Salzhauer may be deemed to
beneficially own the 2,500 shares of Common Stock beneficially owned by Benjamin
Partners.
As of the date hereof, the Trust beneficially owns an aggregate of
3,600 shares of Common stock, representing approximately .02% of the Issued and
Outstanding Shares. As the co-trustees of the Trust, each of Henry Salzhauer and
Michael Salzhauer may be deemed to beneficially own the 3,600 shares of Common
Stock beneficially owned by the Trust.
As of the date hereof, BHC beneficially owns an aggregate of 8,500
shares of Common Stock, representing approximately .05% of the Issued and
Outstanding Shares. As the trustees of the trusts which are the general partners
of BHC, each of Charles Salzhauer, Henry Salzhauer, Michael Salzhauer and Anne
Angowitz may be deemed to beneficially own the 8,500 shares of Common stock
beneficially owned by BHC.
(Page 18 of 36 pages)
As of the date hereof, Combined Partnership beneficially owns an
aggregate of 70,100 shares of Common Stock representing approximately .43 % of
the Issued and Outstanding Shares. As the general partners of Combined
Partnership, each of Charles Salzhauer, Henry Salzhauer and Michael Salzhauer
may be deemed to beneficially own the 70,100 shares of Common Stock beneficially
owned by Combined Partnership.
As of the date hereof, LifeWise beneficially owns an aggregate of
285,183 shares of Common Stock, representing approximately 1.74% of the Issued
and Outstanding Shares. Each of Henry Salzhauer, Michael Salzhauer and Blair
Axel may be deemed to be the beneficial owner of the 285,183 shares of Common
Stock beneficially owned by LifeWise.
As of the date hereof, SARA beneficially owned an aggregate of
12,400 shares of Common Stock, representing approximately .08% of the Issued and
Outstanding Shares. Each of Henry Salzhauer, Michael Salzhauer and Blair Axel
may be deemed to be the beneficial owner of the 12,400 shares of Common Stock
beneficially owned by SARA.
As of the date hereof, Anne Angowitz beneficially owns an aggregate
of 8,700 shares of Common Stock, representing approximately .05% of the Issued
and Outstanding Shares (consisting of (A) 8,500 shares of Common Stock
beneficially owned by BHC, as to which she shares voting and dispositive power
with Charles Salzhauer, Henry Salzhauer and Michael Salzhauer; and (B) 200
shares beneficially owned by the Anne S. Angowitz IRA). Anne Angowitz disclaims
beneficial ownership of such shares of Common Stock except to the extent of her
pecuniary interest therein.
(Page 19 of 36 pages)
As of the date hereof, Blair Axel beneficially owns an aggregate of
297,583 shares of Common Stock, representing approximately 1.81% of the Issued
and Outstanding Shares (consisting of (A) 285,183 shares beneficially owned by
LifeWise and (B) 12,400 shares beneficially owned by SARA (as to each of which
he shares voting and dispositive power with Henry Salzhauer and Michael
Salzhauer). Blair Axel disclaims beneficial ownership of such shares of Common
Stock except to the extent of his pecuniary interest therein.
As of the date hereof, Amanda Salzhauer beneficially owns an
aggregate of 70,086 shares of Common Stock, representing approximately .43% of
the Issued and Outstanding Shares (consisting of (A)(i) 5,000 shares
beneficially owned as trustee of the Rebecca Salzhauer Trust and (ii) 1,600
shares beneficially owned as trustee of the Abigail Salzhauer Trust; (B) 61,686
shares beneficially owned by Amanda Salzhauer (as to 47,686 of which she shares
voting and dispositive power with Michael Salzhauer); and (C) 1,800 shares
beneficially owned by the Amanda Salzhauer IRA. Amanda Salzhauer disclaims
beneficial ownership of such shares of Common Stock except to the extent of his
pecuniary interest therein
As of the date hereof, Charles Salzhauer beneficially owns an
aggregate of 243,827 shares of Common Stock, representing approximately 1.49% of
the Issued and Outstanding Shares (consisting of (A) (i) 147,200 shares
beneficially owned by Benjamin Investors, (ii) 2,500 shares beneficially owned
by Benjamin Partners and (iii) 70,100 shares beneficially owned by Combined
Partnership (as to each of which he shares voting and dispositive power with
Henry Salzhauer and Michael Salzhauer); (B) 8,500 shares beneficially owned by
BHC (as to which he shares voting and dispositive power with Henry Salzhauer,
Michael Salzhauer and Anne Angowitz); and (C) 15,527 shares beneficially owned
by the Charles Salzhauer IRA). Charles Salzhauer disclaims beneficial ownership
of such shares of Common Stock except to the extent of his pecuniary interest
therein.
(Page 20 of 36 pages)
As of the date hereof, Henry Salzhauer beneficially owns an
aggregate of 692,834 shares of Common Stock, representing approximately 4.22% of
the Issued and Outstanding Shares (consisting of (A)(i) 147,200 shares
beneficially owned by Benjamin Investors, (ii) 2,500 shares beneficially owned
by Benjamin Partners and (iii) 70,100 shares beneficially owned by Combined
Partnership (as to each of which he shares voting and dispositive power with
Charles Salzhauer and Michael Salzhauer); (B) 8,500 shares beneficially owned by
BHC (as to which he shares voting and dispositive power with Charles Salzhauer,
Michael Salzhauer and Anne Angowitz); (C) 3,600 shares beneficially owned by the
Trust (as to which he shares voting and dispositive power with Michael
Salzhauer); (D) (i) 12,400 shares beneficially owned by SARA and (ii) 285,183
shares beneficially owned by LifeWise (as to each of which he shares voting and
dispositive power with Blair Axel and Michael Salzhauer); (E) 146,430 shares
beneficially owned by Henry Salzhauer (as to 146,230 of which he shares voting
and dispositive power with Michael Salzhauer); and (F) (i) 15,728 shares
beneficially owned by Henry Salzhauer IRA and (ii) 1,193 shares beneficially
owned by Henry Salzhauer IRA No. 2). Henry Salzhauer disclaims beneficial
ownership of such shares of Common Stock except to the extent of his pecuniary
interest therein.
As of the date hereof, Michael Salzhauer beneficially owns an
aggregate of 770,249 shares of Common Stock, representing approximately 4.4% of
the Issued and Outstanding Shares (consisting of (A) (i) 147,200 shares
beneficially owned by Benjamin Investors, (ii) 2,500 shares beneficially owned
by Benjamin Partners and (iii) 70,100 shares beneficially owned by Combined
(Page 21 of 36 pages)
Partnership (as to each of which he shares voting and dispositive power with
Charles Salzhauer and Henry Salzhauer; (B) 8,500 shares beneficially owned by
BHC (as to which he shares voting and dispositive power with Charles Salzhauer,
Henry Salzhauer and Anne Angowitz); (C) 3,600 shares beneficially owned by the
Trust (as to which he shares voting and dispositive power with Henry Salzhauer);
(D) (i) 12,400 shares beneficially owned by SARA and (ii) 285,183 shares
beneficially owned by LifeWise (as to each of which he shares voting and
dispositive power with Blair Axel and Henry Salzhauer); (E) 21,100 shares
beneficially owned by Michael Salzhauer IRA; (F) 10,150 shares beneficially
owned by Michael C. Salzhauer Pension Plan; and (G) 209,516 shares beneficially
owned by Michael Salzhauer (as to (i) 47,686 of which he shares voting and
dispositive power with Amanda Salzhauer and (ii) 146,230 of which he shares
voting and dispositive power with Henry Salzhauer). Michael Salzhauer disclaims
beneficial ownership of such shares of Common Stock except to the extent of his
pecuniary interest therein.
Except as set forth above, each of the Reporting Persons may be
deemed to have sole voting and dispositive power with respect to the shares of
Common Stock reported in this Statement as beneficially owned by such Reporting
Person, regardless of the fact that multiple Reporting Persons within the same
chain of ownership report sole voting and dispositive power with respect to such
shares. Each such Reporting Person reports sole voting and dispositive power
with respect to such shares based on such Reporting Person's relationship to the
other Reporting Persons within the same chain of ownership. Except to the extent
otherwise expressly stated in this Statement, each Reporting Person disclaims
beneficial ownership of any shares of Common Stock beneficially owned by any
other Reporting Person.
(Page 22 of 36 pages)
No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of the shares of Common
Stock beneficially owned by the Reporting Persons and covered by this Statement
except as follows: (i) Elisabeth Axel is entitled to receive all dividends and
proceeds of sale with respect to 500 shares of Common Stock reported in this
Statement as beneficially owned on a shared basis by Henry Salzhauer and Michael
Salzhauer, (ii) Steven Roth is entitled to receive all dividends and proceeds of
sale with respect to 143,630 shares of Common Stock reported in this Statement
as beneficially owned on a shared basis by Henry Salzhauer and Michael
Salzhauer, (iii) Jordon Roth is entitled to receive all dividends and proceeds
of sale with respect to 2,100 shares of Common Stock reported in this Statement
as beneficially owned on a shared basis by Henry Salzhauer and Michael Salzhauer
and (iv) Helen Zand is entitled to receive all dividends and proceeds of sale
with respect to 200 shares reported in this Statement as beneficially owned by
Henry Salzhauer.
ITEM 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of a class of securities, check the following [ ]. Not
applicable.
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
ITEM 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control
Person:
Not applicable.
(Page 23 of 36 pages)
ITEM 8. Identification and Classification of Members of the Group:
Not applicable.
ITEM 9. Notice of Dissolution of Group:
Not applicable.
ITEM 10. Certifications:
Not applicable.
(Page 24 of 36 pages)
Signature
After reasonable inquiry and to the best of the knowledge and belief
of the undersigned, the undersigned certify that the information set forth in
this Statement is true, complete and correct.
Date: June 26, 2007
BENJAMIN INVESTORS
By: /s/ Michael Salzhauer
-------------------------
Name: Michael Salzhauer
Title: General Partner
BENJAMIN PARTNERS, INC.
By: /s/ Michael Salzhauer
-------------------------
Name: Michael Salzhauer
Title: Vice President
BENJAMIN PARTNERS LLC
RETIREMENT PLAN TRUST
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer
Title: Co-Trustee
By: /s/ Michael Salzhauer
-------------------------
Name: Michael Salzhauer
Title: Co-Trustee
(Page 25 of 36 pages)
BHC COMPANY
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer, Co-Trustee, Trust f/b/o Anne Angowitz
Title: General Partner
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer, Co-Trustee, Trust f/b/o Helen Weinstein
Title: General Partner
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer, Co-Trustee, Trust f/b/o Linda Swenberg
Title: General Partner
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer, Co-Trustee, Trust f/b/o Michael Salzhauer
Title: General Partner
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer, Co-Trustee, Trust f/b/o Elisabeth Salzhauer Axel
Title: General Partner
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer, Co-Trustee, Trust f/b/o Amy Salzhauer McMarlin
Title: General Partner
(Page 26 of 36 pages)
COMBINED PARTNERSHIP NO. 1
By: /s/ Michael Salzhauer
-------------------------
Name: Michael Salzhauer
Title: General Partner
LIFEWISE FAMILY FINANCIAL
SECURITY, INC.
By: /s/ Michael Salzhauer
-------------------------
Name: Michael Salzhauer
Title: President and CEO
SARA I LIMITED LIABILITY
COMPANY
By: /s/ Henry Salzhauer
-------------------------
Name: Henry Salzhauer
Title: Investment Advisor
By: /s/ Michael Salzhauer
-------------------------
Name: Michael Salzhauer
Title: Investment Advisor
(Page 27 of 36 pages)
/s/ Anne Angowitz
-----------------------------
Anne Angowitz
/s/ Blair Axel
-----------------------------
Blair Axel
/s/ Amanda Salzhauer
-----------------------------
Amanda Salzhauer
/s/ Charles Salzhauer
-----------------------------
Charles Salzhauer
/s/ Henry Salzhauer
-----------------------------
Henry Salzhauer
/s/ Michael Salzhauer
-----------------------------
Michael Salzhauer
(Page 28 of 36 pages)