Amended Statement of Beneficial Ownership (sc 13d/a)
October 19 2017 - 11:26AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BAB Incorporated
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
055183107
(CUSIP Number)
Joseph P. Daly
497 Circle Freeway
Cincinnati, Ohio 45246
(513) 943-7100
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
October 16, 2017
(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 Sections 240.13d-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 Section 240.13d-7 for other
parties to whom copies are to be sent.
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. 055183107 13D/A
-----------
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1 NAMES OF REPORTING PERSONS
Joseph P Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
-----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
-----------------------------------------------------------------------------------------------------------
5 CHECK BOX 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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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 323,508
------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
323,508
------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
323,508
-----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
-----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.454%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------------------------------------------------------------------------------------------------------
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CUSIP No. 055183107 13D/A
-----------
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1 NAMES OF REPORTING PERSONS
Karina Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
-----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
-----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
-----------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
-----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 126,000
------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
126,000
------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
126,000
-----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
-----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.735%
-----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------------------------------------------------------------------------------------------------------
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ITEM 1. SECURITY AND ISSUER.
The class of equity security to which this statement relates is the
common stock (the "Common Stock"), no par value per share ("Share"), of
BAB Inc, a Delaware corporation (the "Issuer"). The address of the principal
executive offices of the Issuer is 500 Lake Cook Road, Suite 475, Deerfield,
Illinois 60015.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended to read as follows:
The source of funds used by the Reporting Persons are personal funds of
each such person with respect to the purchases of such person. The
Reporting Persons did not borrow any funds to acquire their respective
shares. The following table shows the APPROXIMATE amounts of funds paid
for the Shares by the Reporting Persons.
Joseph P Daly $219,594
Karina Daly 78,760
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended to read as follows:
(a) The Reporting Persons hereby report beneficial ownership, in the manner
hereinafter described, of 7,263,508 shares of the Issuer:
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
Joseph P Daly 323,508 4.454%
Karina Daly 126,000 1.735%
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TOTAL 449,508 6.189%
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(1) The foregoing percentages assume that the number of Shares of the Issuer
outstanding,as reported in the Issuer's 10-Q for the quarter ended
August 31, 2017 is 7,263,508 Shares (as of October 13, 2017).
(b) Joseph P. Daly has sole voting and dispositive power over his shares
enumerated in paragraph (a). Karina Daly has sole voting and dispositive
power over her shares enumerated in paragraph (a)
(c) Transactions for the 60 days prior to the date of this Schedule 13D/A:
Person Who Effected the Transaction Transaction Date Number of Shares Sold Price per Share
Joseph P. Daly 09/15/2017 424 0.74
Joseph P. Daly 10/03/2017 802 0.72
Joseph P. Daly 10/04/2017 9662 0.69
Joseph P. Daly 10/06/2017 13500 0.69
Joseph P. Daly 10/09/2017 10500 0.70
Joseph P. Daly 10/16/2017 19000 0.69
Joseph P. Daly 10/16/2017 12492 0.70
Joseph P. Daly 10/17/2017 1000 0.70
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All transactions were effectuated through open-market purchases
(d) RIGHT TO RECEIVE OR POWER TO DIRECT: Not applicable.
(e) DATE REPORTING PERSON CEASED TO BE 5% OWNER: Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: October 18, 2017
/s/ Joseph P Daly
------------------------
Print Name: Joseph P Daly
/s/ Karina Daly
------------------------
Print Name: Karina Daly
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