UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 7)*
Concord Camera Corp.
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
206156200
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(CUSIP Number)
Scott Lampert, Esq.
Vice President, General Counsel and Secretary
Concord Camera Corp.
4000 Hollywood Blvd., Sixth Floor North Tower
Hollywood, Florida 33021
(954) 331-4200
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 5, 2007
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
(Continued on following pages)
(Page 1 of 5 Pages)
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*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 the
disclosures provided in a prior cover page.
The information required in 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. 206156200 (Page 2 of 5 Pages)
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1 Names of Reporting Persons/ I.R.S. Identification No. of
Above Person (entities only):
Ira B. Lampert
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2 Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [ ]
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3 SEC use only
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4 Source of Funds
PF
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5 Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [_]
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6 Citizenship or Place of Organization
United States
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7 Sole voting power 585,641
Number of ----------------------------------------------------------
shares 8 Shared voting power 0
beneficially ----------------------------------------------------------
Owned by each 9 Sole dispositive power 585,641
Reporting ----------------------------------------------------------
person with 10 Shared dispositive power 0
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11 Aggregate Amount Beneficially Owned by
Each Reporting Person
585,641
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12 Check box if the Aggregate Amount in Row (11)
Excludes Certain Shares
[_]
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13 Percent of Class Represented by Amount
in Row (11)
9.8%
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14 Type of Reporting Person
IN
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INTRODUCTION
This Amendment No. 7 further amends and supplements the statement on Schedule
13D originally filed with the Securities and Exchange Commission on November 17,
1995 and heretofore amended and supplemented. All numbers included herein give
effect to the 5:1 reverse stock split declared by the Issuer, effective November
21, 2006.
ITEM 1. SECURITY AND ISSUER.
This Amendment relates to the common stock, no par value per share (the "Common
Stock") of Concord Camera Corp., a New Jersey corporation (the "Issuer"). The
address of the Issuer's principal executive office is 4000 Hollywood Boulevard,
Presidential Circle, Sixth Floor, North Tower, Hollywood, Florida 33021.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c), (f). This Amendment is being filed by Ira B. Lampert (the "Reporting
Person"). The Reporting Person is a citizen of the United States of America and
the current Chairman of the Board, Chief Executive Officer and President of the
Issuer. His principal business address is Concord Camera Corp., 4000 Hollywood
Boulevard, Presidential Circle, 6th Floor, North Tower, Hollywood, Florida
33021.
(d)-(e). During the last five years, the Reporting Person has not been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
and was not a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which the Reporting Person was or is
subject to a 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source of the funds used by the Reporting Person in making the purchases of
Common Stock reported in this filing was his personal funds. The amount of
personal funds expended by the Reporting Person in making purchases of Common
Stock since Amendment No. 6 to this Schedule 13D was approximately $665,000, of
which approximately $342,000 was expended in connection with the exercise of
vested stock options on December 20, 2006.
ITEM 4. PURPOSE OF TRANSACTION.
The purchases of Common Stock made by the Reporting Person since Amendment No. 6
to this Schedule 13D was filed have been made for investment purposes. The
Reporting Person also intends to make, from time to time hereafter for
investment purposes, additional purchases of shares of Common Stock.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Aggregate Beneficial Ownership:
As of April 5, 2007, the Reporting Person beneficially owned 585,641 shares of
Common Stock, representing 9.8% of (1) the shares of Common Stock outstanding as
of that date, as last reported by the Issuer (5,847,408 shares) plus (2) the
derivative securities hereinafter described.
Of these beneficially owned shares of Common Stock, (i) 52,600 shares represent
shares that may be purchased by this Reporting Person pursuant to fully vested
options that are exercisable within 60 days of the date hereof, and (ii) 66,202
shares represent shares the delivery of which was deferred by this Reporting
Person until July 1, 2007 under the Issuer's Deferred Delivery Plan, but which
shares could be acquired by him within 60 days of the date hereof under certain
limited circumstances described in the Deferred Delivery Plan.
(b) Power to Vote and Dispose of the Company Shares:
As of April 5, 2007, Ira B. Lampert had:
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Power Number of Shares
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Sole Power to Vote 585,641
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Shared Power to Vote 0
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Sole Power to Dispose 585,641
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Shared Power to Dispose 0
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(c) Transactions Effected During the Past 60 Days:
On April 5, 2007, the Reporting Person purchased 42,000 shares of Common Stock
in a private transaction at a price per share of $4.55.
(d) Right of Others to Receive Dividends or Proceeds of Sale:
Not applicable.
(e) Date Ceased to be the Beneficial Owner of More Than Five Percent:
Not applicable.
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.
April 6, 2007
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Date
/s/ Ira B. Lampert
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Signature
Ira B. Lampert
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Name/Title