Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. 3)
TAYLOR DEVICES INC.
(Name of Issuer)
Common Stock
(Title of Class of
Securities)
877163105
(CUSIP Number)
October 8, 2019
(Date of Event Which Required 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)
* 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 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 section of the Act but shall be subject to
all other provisions of the Act (however, see the
Notes).
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CUSIP
No. 877163105
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(1)
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Names of reporting
persons
Ira Sochet
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(2)
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Check the appropriate box if a
member of a group (see instructions)
(a) ☐ (b) ☐
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(3)
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SEC use only
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(4)
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Citizenship or place of
organization
United States
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Number of
shares
beneficially
owned by
each
reporting
person
with:
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(5)
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Sole voting
power
383,877 (1)
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(6)
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Shared voting
power
0
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(7)
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Sole dispositive
power
383,877 (1)
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(8)
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Shared dispositive
power
0
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(9)
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Aggregate amount beneficially owned
by each reporting person
383,877 (1)
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(10)
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Check if the aggregate amount in
Row (9) excludes certain shares (see
instructions)
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(11)
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Percent of class represented by
amount in Row (9)
11.03%
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(12)
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Type of reporting person (see
instructions)
IN
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(1)
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Includes 357,592
shares of common stock held by Ira Sochet Trust, 1,526 shares of
common stock held by Sochet & Company, Inc., 5,499 shares of
common stock held by Rocky Creek Village Senior Living, and 19,260
shares of common stock held by the Reporting Person's ROTH IRA,
over which the Reporting Person has sole voting and dispositive
control.
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Item 1(a).
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Name
of Issuer
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Taylor Devices,
Inc.
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Item 1(b).
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Address of Issuer’s Principal
Executive Offices
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90 Taylor Drive
North Tonawanda, New York
14120-0748
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Item 2.
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Name
of Person Filing
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Ira Sochet
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Item 2(b).
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Address of Principal Business Office
or, if None, Residence
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The address of the Reporting
Person’s principal business office is 121 14th Street, Belleair
Beach, Florida 33786.
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Item 2(c).
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Citizenship
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United States.
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Item 2(d).
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Title
of Class of Securities
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Common Stock.
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Item 2(e).
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CUSIP
No.
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877163105.
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Item 3.
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If this statement is filed pursuant to
§§240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is
a:
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(a)
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Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o);
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(b)
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Bank as
defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c);
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(d)
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[ ]
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Investment
company registered under section 8 of the Investment Company Act of
1940 (15 U.S.C 80a–8);
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(e)
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An
investment adviser in accordance with
§240.13d–1(b)(1)(ii)(E);
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(f)
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An
employee benefit plan or endowment fund in accordance with
§240.13d–1(b)(1)(ii)(F);
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(g)
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A
parent holding company or control person in accordance with
§240.13d–1(b)(1)(ii)(G);
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(h)
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A
savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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A
church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a–3);
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(j)
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[ ]
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A
non-U.S. institution in accordance with
§240.13d–1(b)(1)(ii)(J); and
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(k)
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Group,
in accordance with §240.13d–1(b)(1)(ii)(K).
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Item 4.
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Ownership
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The percentage of shares of the
Issuer’s common stock as reported in this Amendment No. 3 to
Schedule 13G is based upon 3,478,866 shares of the Issuer’s
common stock outstanding on September 23, 2019, as reported in the
Issuer’s Quarterly Report on Form 10-Q for the quarter ended August 31,
2019.
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Item 4(a).
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Amount
Beneficially Owned:
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As of the date hereof, the
Reporting Person may be deemed to be the beneficial owner of
383,877 shares of common stock. The shares of common stock
beneficially owned by the Reporting Person include 357,592 shares
of common stock held by Ira Sochet Trust,
1,526 shares of common stock held by Sochet & Company, Inc.,
5,499 shares of common stock held by Rocky Creek Village Senior
Living, and 19,260 shares of common stock held by the Reporting
Person's ROTH IRA, over which the Reporting Person
has sole voting and dispositive control.
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Item 4(b).
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Percent of
Class:
11.03%.
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Item 4(c).
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Number
of Shares as to Which the Reporting Person
has:
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(i)
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Sole power to vote or to
direct the vote
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383,877
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(ii)
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Shared power to vote or to
direct the vote
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0
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(iii)
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Sole power to dispose or to
direct the disposition of
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383,877
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(iv)
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Shared power to dispose or to
direct the disposition of
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0
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Item 5.
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Ownership of 5 Percent or Less of a
Class.
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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
5 percent of the class of securities, check the following
[ ].
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Item 6.
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Ownership of More than 5 Percent on
Behalf of Another Person
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Not applicable.
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Item 7.
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Identification and Classification of
the Subsidiary Which Acquired the Security Being Reported on by the
Parent Holding Company or Control Person
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Not applicable.
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Item 8.
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Identification and Classification of
Members of the Group
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Not applicable.
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Item 9.
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Notice
of Dissolution of Group
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Not applicable.
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Item 10.
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Certifications
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By signing below I certify that, to
the best of my knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or
effect, other than activities solely in connection with a
nomination under §240.14a-11.
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.
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October 17,
2019
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/s/ Ira Sochet
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Ira Sochet
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