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. 2)
EMERGING VISION, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01
(Title of Class of Securities)
859727109
(CUSIP Number)
Allyson Cohen Shapiro
100 Quentin Roosevelt Blvd., Suite 400
Garden City, New York 11530
(516) 390-2200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 5, 2003
April 14, 2003
(Date of Event which Requires Filing Statement on Schedule 13D)
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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ X ].
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Allyson Cohen Shapiro
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ X ]
(b) [__]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) [__]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7. SOLE VOTING POWER 5,093,590*
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 5,093,590*
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,093,590*
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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)
6.23 %
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14. TYPE OF REPORTING PERSON
IN
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* Includes warrants to purchase 1,924,004 shares of the issuer's common stock
which are exercisable within the 60 day period following the date hereof. In
determining the percentage of class represented by the amount in row (11),
1,924,004 shares were added to the total outstanding shares of the issuer's
common stock.
EXPLANATORY NOTE
This amendment to Schedule 13D is being filed to disclose two transactions
in the securities of Emerging Vision, Inc. (the "Company") effected by the
reporting person on June 5, 2003 and April 14, 2003, respectively.
On June 5, 2003, Dr. Robert Cohen, Horizons Investors Corp., Dr. Alan Cohen
and certain members of the Cohen families (the "Offering Group") proposed to
form EVI Acquisition, Inc. (the "Purchaser") to acquire all of the outstanding
capital stock of the Company by merger of the Purchaser into the Company (the
"Merger").
In connection with the Merger, by letter dated June 5, 2003 addressed to
the Company, the Offering Group offered to pay the holders of the Company's
common stock $0.07 in cash for each share of common stock not owned by the
Offering Group. Holders of vested employee options and warrants will be entitled
to receive in cash the difference between the offered price and the exercise
price.
Pursuant to Rule 13d-1(k)(2) of the Securities Exchange Act of 1934 (the
"Exchange Act"), future filings required to be made by Allyson Cohen Shapiro
under Section 13(d)(1) of the Exchange Act will be made in a group joint filing
filed under the name of Dr. Robert Cohen.
On April 14, 2003, the reporting person acquired 1,924,004 units in the
Company's shareholders rights offering, each unit consisting of one share of
common stock and one warrant.
ITEM 1. SECURITY AND ISSUER.
The name of the issuer is Emerging Vision, Inc., a New York corporation, which
has its principal executive offices at 100 Quentin Roosevelt Boulevard, Garden
City, New York 11530. This statement relates to the Company's common stock,
$0.01 par value per share.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(f). ALLYSON COHEN SHAPIRO. This Schedule 13D is being filed by Allyson
Cohen Shapiro, a citizen of the United States of America. Allyson Cohen
Shapiro's principal business address is 100 Quentin Roosevelt Blvd., Suite 400,
Garden City, New York 11530. Her principal occupation is homemaker. During the
last five years, Allyson Cohen Shapiro has not been (A) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (B) a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding 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.
See Item 4 for information regarding the transaction reported hereunder that
occurred on June 5, 2003. With respect to the transaction reported hereunder
that occurred on April 14, 2003, the reporting person used personal funds to
acquire the units. The purchase price per unit was $0.04.
ITEM 4. PURPOSE OF TRANSACTION.
On June 5, 2003, the Offering Group proposed to form the Purchaser to
acquire all of the outstanding capital stock of the Company through the Merger.
In connection with the Merger, the Offering Group offered to pay the holders of
the Company's common stock $0.07 in cash for each share of common stock not
owned by the Offering Group. Holders of vested employee options and warrants
will be entitled to receive in cash the difference between the offered price and
the exercise price.
Completion of the Merger shall be conditioned upon, among other things, the
entering into of a mutually acceptable definitive merger agreement, clearance of
filings required by the Securities and Exchange Commission, favorable
determination by a Special Committee of the Board of Directors of the Company as
to the fairness of the Merger, and approval of the transaction by the holders of
the requisite number of shares of the Company's common stock. The Offering Group
owns 59,776,356 shares of the Company, which gives the Offering Group beneficial
ownership of approximately 74.8% of the Company's common stock. Assuming the
exercise of all warrants and options held by the Offering Group, the Offering
Group owns 107,627,720 shares of the Company's common stock or approximately 84%
of the Company's common stock. Accordingly, the Offering Group has more than the
requisite number of votes to approve the Merger. The Offering Group does not
intend to sell its equity interests in the Company to any third party.
The members of the Offering Group intend to use their own funds to pay the
merger consideration payable in the Merger.
The Offering Group has orally agreed to vote their shares in favor of the
Merger, but no written agreement currently exists.
On April 14, 2003, the reporting person acquired 1,924,004 units in the
Company's shareholders rights offering, each unit consisting of one share of
common stock and one warrant. The reporting person's acquisition of units on
April 14, 2003 as part of the Company's rights offering was unrelated to the
formation of the Offering Group. The April 14, 2003 transaction was for
investment purposes only.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Amount of Securities Beneficially Owned: 5,093,590
(b) Number of shares as to which such person has:
(i) Sole power to vote or direct vote: 5,093,590
(ii) Shared power to vote or direct vote: 0
(iii) Sole power to dispose of or direct disposition of
shares: 5,093,590
(iv) Shared power to dispose of or direct disposition of shares: 0
(c) Transactions in securities of the Company within last 60 days:
Acquisition of units in Company's shareholders rights offering, each consisting
of one share of common stock and one warrant.
(d) Third party right to receive dividends or proceeds from sale of
securities: None
(e) Date reporting person ceased to be the beneficial owner of more than
five percent of the class of securities: Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
The Offering Group has an oral understanding regarding the voting of each
member's respective shares in favor of the Merger.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
SIGNATURES
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: June 11, 2003
/s/ Allyson Cohen Shapiro
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ALLYSON COHEN SHAPIRO