UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _2__)*
Ballantyne of Omaha, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
058516105
(CUSIP Number)
George Guttman, 930 East 7th Street, Brooklyn, NY 11230 (917)
653-8745
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 30, September24-25 and October 3, 2001
(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
dd240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits.
See d240.13d-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 disclo-
sures 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 Sec-
tion 18 of the Securities Exchange Act of 1934 (the "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).
SCHEDULE 13D
CUSIP NO. 058516105 PAGE 2 OF 5 PAGES
NAME OF REPORTING PERSON
1. S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George Guttman
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ___
(b) ___
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[ X]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF SOLE VOTING POWER
SHARES 7: None
BENEFICIALLY
OWNED BY SHARED VOTING POWER
EACH 8: None
REPORTING
PERSON SOLE DISPOSITIVE POWER
WITH 9: None
SHARED DISPOSITIVE POWER
10: None
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
11. None
PAGE 3 0F 5 PAGES
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
12.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11)
13. 0%
TYPE OF REPORTING PERSON
14. IN
ITEM 1. SECURITY AND ISSUER.
Common Stock of Ballantyne of Omaha, Inc., 4350 McKinley Street,
Omaha, NE 68117
ITEM 2. IDENTITY AND BACKGROUND.
a. George Guttman
b. 930 East 7th Street, Brooklyn, NY 11230
c. Investor for own account.
d. Yes. In February 1999 pleaded guilty to the charge of making false
statements to the Securities and Exchange Commission in a criminal
proceeding in the United States District Court, Southern District of New
York. Received a sentence of probation for 3 years. In an Agreed Final
Judgement dated September 24, 2001 issued by United States District
Court, Southern District of Texas consented to without admitting or
denying any of the allegations was permanently enjoined from violating
Sections 5(a) and 5(c) of the Securities Act of 1933 unless a registration
statement is in effect as to a security; and was liable for disgorgement of
$1,000,000 representing profits gained as a result of the conduct alleged in
the Compliant. In addition, an offer of settlement submitted to the
Securities and Exchange Commission relating to the enjoinment action
above and without or denying the findings of the Securities and Exchange
Commission consented to a bar from participating in an offering of a
penny stock including from acting in various capacities for purposes of the
issuance or trading in any penny stock or inducing to the purchase or sale
of any penny stock.
e. Yes. In February 1998 was barred from association with a broker
dealer by the NASD for failing to appear at an NASD disciplinary
proceeding for alleged unauthorized trading.
PAGE 4 OF 5 PAGES
ITEM 3. SOURCE AND AMOUNT OF CONSIDERATION.
Corporate funds were used to purchase the shares.
ITEM 4. PURPOSE OF TRANSACTION
The shares were acquired by Growth International Inc. from
Jericho Partners Ltd., both corporations are controlled by George Guttman
as sole shareholder, director and officer (see item 5c).
a. Additional securities may be purchased for investment.
b. No
c. No
d. No
e. No
f. No
g. No
h. No
i. No
j. No
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
a. None
b
c. On August 30, 2001 Growth International Ltd. Sold 7,100 shares to
Jericho Partners Ltd., at a price of $.56 per share in a private transaction
and 25,000 shares at $.56 per share in the open market; on October 3, 2001
sold 178,700 shares at $.45 per share on the open market. On August 30,
2001 Jericho Partners Ltd. Sold 7,100 shares at $.56 per share to Growth
International Ltd. In a transaction effected through a brokerage firm; on
September 24, 2001 it sold 25,000 shares at $.47 per share in the open
market; on September 25, 2001 it sold 45,000 shares at $.43 per share,
20,000 shares at $.45 per share and 10,000 shares at $.44 per share in open
market transactions; on October 3, 2001 it sold 388,980 shares at $.45 per
share in the open market. C-Saw Investment (USA) Ltd., another
corporation controlled by George Guttman as sole shareholder, director
and officer, on August 30, 2001 sold 400 shares at $.57 per share and on
October 3, 2001 sold 94,400 shares at $.45 per share all in open market
transactions.
d. Not applicable
e. October 3, 2001
PAGE 5 OF 5 PAGES
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS
OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF
THE
ISSUER.
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
Dated: February 12 , 2001 GEORGE GUTTMAN