UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934
SCHICK TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK $0.01 PAR VALUE
(Title of Class of Securities)
806683108
(CUSIP Number)
LISA SCHWARTZ, ESQ.
GENERAL COUNSEL
GREYSTONE & CO., INC.
152 WEST 57TH STREET
NEW YORK, NY 10019
(212) 649-9700
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 11, 2006
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 7 Pages)
*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 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).
CUSIP NO. 806683108 SCHEDULE 13D PAGE 2 OF 7 PAGES
1 NAME OF REPORTING PERSON: Greystone Funding Corporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (voluntary):
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(see instructions) (b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Virginia
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 4,000,000 Shares
BENEFICIALLY
OWNED BY -----------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 0
PERSON
WITH -----------------------------------
9 SOLE DISPOSITIVE POWER
4,000,000 Shares
-----------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000,000 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (see instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.42%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (see instructions)
CO
--------------------------------------------------------------------------------
CUSIP NO. 806683108 SCHEDULE 13D PAGE 3 OF 7 PAGES
1 NAME OF REPORTING PERSON: Stephen Rosenberg
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (voluntary):
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(see instructions) (b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Virginia
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY -----------------------------------
EACH 8 SHARED VOTING POWER
REPORTING 4,000,000 Shares
PERSON
WITH -----------------------------------
9 SOLE DISPOSITIVE POWER
0
-----------------------------------
10 SHARED DISPOSITIVE POWER
4,000,000 Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000,000 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (see instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.42%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (see instructions)
IN
CUSIP NO. 806683108 SCHEDULE 13D PAGE 4 OF 7 PAGES
STATEMENT FOR SCHEDULE 13D
This Amendment No. 3 to Schedule 13D is being filed on behalf of
Greystone Funding Corporation, a Virginia corporation ("Greystone") and Stephen
Rosenberg with respect to the common stock, par value $0.01 per share ("Common
Stock"), of Schick Technologies, Inc., a Delaware corporation ("Schick"). This
Amendment No. 3 amends the initial statement on Schedule 13D originally filed
with the Securities and Exchange Commission on December 1, 2000 ("Initial
Statement") as amended by Amendments No. 1 and No. 2 thereto filed on April 9,
2004 and April 10, 2006, respectively, by Greystone. The Initial Statement is
hereby amended and supplemented as follows:
Item 1. Security and Issuer
This statement relates to common stock, par value $0.01 per share of
Schick. The principal offices of Schick are located at 31-00 47th Avenue, Long
Island City, New York 11101.
Item 2. Identity and Background
(a) This statement is filed by Greystone and Stephen Rosenberg
(collectively, the "Reporting Persons").
(b) The business address of Mr. Rosenberg is 152 West 57th Street,
60th Floor, New York, NY 10019, and the business address of
Greystone is 419 Belle Air Lane, Warrenton, VA 20186.
(c) Mr. Rosenberg's present principal occupation involves, among
other things, investing in real estate individually and
through investment vehicles and originating and securitizing
loans. Greystone Funding Corporation invests primarily in real
estate related transactions.
(d) During the past five years, neither of the Reporting Persons
has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons was
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.
(f) Mr. Rosenberg is a citizen of the United States of America.
Greystone is a corporation organized under the laws of the
Commonwealth of Virginia.
CUSIP NO. 806683108 SCHEDULE 13D PAGE 5 OF 7 PAGES
Item 3. Source and Amount of Funds or Other Consideration
Not applicable.
Item 4. Purpose of the Transaction
In connection with the agreement described in Item 6 below, Greystone
pledged 1,200,000 shares of the Common Stock to secure a loan to it in the
amount of $17,000,000.
Item 5. Interest in Securities of the Issuer
(a) As of the date hereof, Greystone is the registered holder of
4,000,000 shares of Schick's Common Stock. Such shares of
common stock represent approximately 24.42% of Schick's Common
Stock outstanding.
Mr. Rosenberg may be deemed to own beneficially all Common
Stock owned by Greystone by virtue of his ownership of 100% of
the outstanding voting securities of Greystone.
(b) Mr. Rosenberg shares with Greystone the power to cast or
direct the casting of votes on 4,000,000 shares of Schick's
Common Stock and shares the power to dispose or direct the
disposition of such shares. Such shares of Common Stock
represent approximately 24.42% of Schick's Common Stock
outstanding.
(c) Except for the transactions referred to in Item 4 above, there
have not been any transactions with respect to Schick's Common
Stock between the date of the most recent filing on Schedule
13D and the date of this Schedule 13D by either of the
Reporting Persons referred to herein.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from or the proceeds
from the sale of such shares of Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Effective as of May 12, 2005, Greystone entered into a Financing
Agreement by and among Greystone, Greystone Loan Funding, L.L.C. and Bank of
America N.A. (the "Financing Agreement"). Effective as of September 28, 2005,
the Financing Agreement was amended and restated by the parties thereto.
Effective as of April 11, 2006, the Financing Agreement was further amended to
provide for a term loan of an additional $17,000,000 to Greystone. The loan
outstanding under the Financing Agreement, as so amended, is secured by
1,200,000 shares of the Common Stock.
CUSIP NO. 806683108 SCHEDULE 13D PAGE 7 OF 7 PAGES
As of the date hereof, to the best knowledge of the Reporting Persons,
there are no other contracts, arrangements, understanding or relationships
(legal or otherwise) among the Reporting Persons or between the Reporting
Persons and any other person with respect to any securities of Schick, except as
disclosed in this Item 6 or in Item 4.
Item 7. Material to be Filed as Exhibits
Exhibit F Joint Filing Agreement, as of the date hereof, by and
between Stephen Rosenberg and Greystone Funding Corporation.
Dated: April 18, 2006
/s/ Stephen Rosenberg
----------------------------
STEPHEN ROSENBERG
GREYSTONE FUNDING CORPORATION
By: /s/ Stephen Rosenberg
----------------------------
Name: Stephen Rosenberg
Title: Director
EXHIBIT F
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them a statement on Schedule 13D (including amendments thereto) with
respect to the Common Stock of Schick Technologies, Inc. and further agree that
this Joint Filing Agreement be included as an Exhibit to such joint filings. In
evidence thereof, the undersigned, being duly authorized, hereby execute this
Agreement this 18th day of April, 2006.
/s/ Stephen Rosenberg
----------------------------
Stephen Rosenberg
Greystone Funding Corporation
By: /s/ Stephen Rosenberg
----------------------------
Name: Stephen Rosenberg
Title: President