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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Langer Inc. (MM) | NASDAQ:GAIT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.60 | 0 | 01:00:00 |
LANGER, INC.
|
(Name
of Issuer)
|
Common Stock, par value $0.02 per
share
|
(Title
of Class of Securities)
|
515707107
|
(CUSIP
Number)
|
December 31, 2008
|
(Date
of Event which requires Filing of this Statement)
|
1.
|
Names
of Reporting Persons: Globis Capital Partners,
L.P.
|
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)
x
|
|
3.
|
SEC
Use Only
|
4.
|
Citizenship
or Place of Organization: Delaware
|
5. Sole
Voting Power: 0
|
|
Number
of
|
|
Shares
|
6. Shared
Voting Power:
274,129
|
Beneficially
by
|
|
Owned
by Each
|
|
Reporting
|
7. Sole
Dispositive Power: 0
|
Person
with:
|
|
8. Shared
Dispositive Power:
274,129
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting
Person: 274,129
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
¨
|
11.
|
Percent
of Class Represented by Amount in Row (9):
2.6%
|
12.
|
Type
of Reporting Person (See
Instructions) PN
|
1.
|
Names
of Reporting Persons: Globis Capital Advisors,
L.L.C.
|
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)
x
|
|
3.
|
SEC
Use Only
|
4.
|
Citizenship
or Place of Organization: Delaware
|
5. Sole
Voting Power: 0
|
|
Number
of
|
|
Shares
|
6. Shared
Voting Power:
274,129
|
Beneficially
by
|
|
Owned
by Each
|
|
Reporting
|
7. Sole
Dispositive Power: 0
|
Person
with:
|
|
8. Shared
Dispositive Power:
274,129
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting
Person: 274,129
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
¨
|
11.
|
Percent
of Class Represented by Amount in Row (9):
2.6%
|
12.
|
Type
of Reporting Person (See Instructions)
OO
|
1.
|
Names
of Reporting Persons: Globis Overseas Fund,
Ltd.
|
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)
x
|
|
3.
|
SEC
Use Only
|
4.
|
Citizenship
or Place of Organization:
Cayman
Islands
|
5. Sole
Voting Power: 0
|
|
Number
of
|
|
Shares
|
6. Shared
Voting Power:
5,000
|
Beneficially
by
|
|
Owned
by Each
|
|
Reporting
|
7. Sole
Dispositive Power: 0
|
Person
with:
|
|
8. Shared
Dispositive Power:
5,000
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person:
5,000
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
¨
|
11.
|
Percent
of Class Represented by Amount in Row (9):
0.0%
|
12.
|
Type
of Reporting Person (See Instructions)
OO
|
1.
|
Names
of Reporting Persons: Globis Capital Management,
L.P.
|
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)
x
|
|
3.
|
SEC
Use Only
|
4.
|
Citizenship
or Place of Organization: Delaware
|
5. Sole
Voting Power: 0
|
|
Number
of
|
|
Shares
|
6. Shared
Voting Power:
279,129
|
Beneficially
by
|
|
Owned
by Each
|
|
Reporting
|
7. Sole
Dispositive Power: 0
|
Person
with:
|
|
8. Shared
Dispositive Power:
279,129
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person:
279,129
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
¨
|
11.
|
Percent
of Class Represented by Amount in Row (9):
2.6%
|
12.
|
Type
of Reporting Person (See Instructions)
PN
|
1.
|
Names
of Reporting Persons: Globis Capital,
L.L.C.
|
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)
x
|
|
3.
|
SEC
Use Only
|
4.
|
Citizenship
or Place of Organization: Delaware
|
5. Sole
Voting Power: 0
|
|
Number
of
|
|
Shares
|
6. Shared
Voting Power:
279,129
|
Beneficially
by
|
|
Owned
by Each
|
|
Reporting
|
7. Sole
Dispositive Power: 0
|
Person
with:
|
|
8. Shared
Dispositive Power:
279,129
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person:
279,129
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
¨
|
11.
|
Percent
of Class Represented by Amount in Row (9):
2.6%
|
12.
|
Type
of Reporting Person (See Instructions)
OO
|
1.
|
Names
of Reporting Persons: Paul
Packer
|
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)
x
|
|
3.
|
SEC
Use Only
|
4.
|
Citizenship
or Place of Organization:
United
States
|
5. Sole
Voting Power: 0
|
|
Number
of
|
|
Shares
|
6. Shared
Voting Power:
279,129
|
Beneficially
by
|
|
Owned
by Each
|
|
Reporting
|
7. Sole
Dispositive Power: 0
|
Person
with:
|
|
8. Shared
Dispositive Power:
279,129
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person:
279,129
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
¨
|
11.
|
Percent
of Class Represented by Amount in Row (9):
2.6%
|
12.
|
Type
of Reporting Person (See Instructions)
IN
|
|
(a)
|
Name of
Issuer:
|
|
(b)
|
Address
of Issuer’s Principal Executive
Offices:
|
|
450
Commack Road
|
|
Dear
Park, NY 11729
|
|
(a)
|
Name of Person
Filing:
|
|
(i)
|
Globis
Capital Partners, L.P., a Delaware limited partnership ("Globis
Partners"), with respect to shares of Common Stock (as defined in Item
2(d) below) directly held by it;
|
|
(ii)
|
Globis
Capital Advisors, L.L.C., a Delaware limited liability company ("Globis
Advisors"), serves as the general partner of Globis Partners, with respect
to shares of Common Stock directly held by Globis
Partners;
|
|
(iii)
|
Globis
Overseas Fund, Ltd., a Cayman Islands exempted company ("Globis
Overseas"), with respect to shares of Common Stock directly held by
it;
|
|
(iv)
|
Globis
Capital Management, L.P., a Delaware limited partnership (the "Investment
Manager"), which serves as investment manager to, and has investment
discretion over the securities held by, Globis Partners and Globis
Overseas, with respect to shares of Common Stock directly held by Globis
Partners and Globis Overseas;
|
|
(v)
|
Globis
Capital, L.L.C., a Delaware limited liability company (“GC”), which serves
as the general partner of the Investment Manager, with respect to shares
of Common Stock directly held by Globis Partners and Globis Overseas;
and
|
|
(vi)
|
Mr.
Paul Packer ("Mr. Packer"), who is the Managing Member of Globis Advisors,
and GC, with respect to shares of Common Stock directly held by Globis
Partners and Globis Overseas.
|
|
(b)
|
Address of Principal Business
Office or, if none,
Residence
|
|
(c)
|
Citizenship
|
|
(d)
|
Title of Class of
Securities
|
|
(e)
|
CUSIP
Number
|
Item
3.
|
If
this statement is filed pursuant to §§240.13d-1(b) 240.13d-2(b) or (c),
check whether the person is filing is
a:
|
|
(a)
|
¨
Broker or dealer
registered under section 15 of the Act (15 U.S.C.
78o);
|
|
(b)
|
¨
Bank as defined in
section 3(a)(6) of the Act (15 U.S.C.
78c);
|
|
(c)
|
¨
Insurance company
as defined in section 3(a)(19) of the Act (15 U.S.C.
78c);
|
|
(d)
|
¨
Investment company
registered under section 8 of the Investment Company Act of 1940 (15
U.S.C. 80a-8);
|
|
(e)
|
¨
An investment
adviser in accordance with
§240.13d-1(b)(1)(ii)(E);
|
|
(f)
|
¨
An employee
benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
|
|
(g)
|
¨
A parent holding
company or control person in accordance with
§240.13d-1(b)(1)(ii)(G);
|
|
(h)
|
¨
A savings
association as defined in Section 3(b) of the Federal Deposit Insurance
Act (12 U.S.C. 1813);
|
|
(i)
|
¨
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);
|
|
(j)
|
¨
Group, in
accordance with
§240.13d-1(b)(1)(ii)(J).
|
Item
4.
|
Ownership:
|
|
A.
|
Globis
Capital Partners, L.P.
|
|
(a)
|
Amount beneficially
owned:
274,129
|
|
(b)
|
Percent of class:
2.6%
|
|
(c)
|
Number of shares as to which
such person has:
|
|
(i)
|
Sole power to vote or direct
the vote:
-0-
|
|
(ii)
|
Shared power to vote or direct
the vote:
274,129
|
|
(iii)
|
Sole power to dispose or direct
the disposition:
-0-
|
|
(iv)
|
Shared power to dispose or
direct the
disposition:
274,129
|
|
B.
|
Globis
Capital Advisors, L.L.C.
|
|
(a)
|
Amount beneficially
owned:
274,129
|
|
(b)
|
Percent of class:
2.6%
|
|
(c)
|
Number of shares as to which
such person has:
|
|
(i)
|
Sole power to vote or direct
the vote:
-0-
|
|
(ii)
|
Shared power to vote or direct
the vote:
274,129
|
|
(iii)
|
Sole power to dispose or direct
the disposition:
-0-
|
|
(iv)
|
Shared power to dispose or
direct the
disposition:
274,129
|
|
C.
|
Globis
Overseas Fund, Ltd.
|
|
(a)
|
Amount beneficially
owned:
5,000
|
|
(b)
|
Percent of class:
0.0%
|
|
(c)
|
Number of shares as to which
such person has:
|
|
(i)
|
Sole power to vote or direct
the vote:
-0-
|
|
(ii)
|
Shared power to vote or direct
the vote:
5,000
|
|
(iii)
|
Sole power to dispose or direct
the disposition:
-0-
|
|
(iv)
|
Shared power to dispose or
direct the disposition:
5,000
|
|
D.
|
Globis
Capital Management, L.P.
|
|
(a)
|
Amount beneficially
owned:
279,129
|
|
(b)
|
Percent of class:
2.6%
|
|
(c)
|
Number of shares as to which
such person has:
|
|
(i)
|
Sole power to vote or direct
the vote:
-0-
|
|
(ii)
|
Shared power to vote or direct
the vote:
279,129
|
|
(iii)
|
Sole power to dispose or direct
the disposition:
-0-
|
|
(iv)
|
Shared power to dispose or
direct the
disposition:
279,129
|
|
E.
|
Globis
Capital, L.L.C.
|
|
(a)
|
Amount beneficially
owned:
279,129
|
|
(b)
|
Percent of class:
2.6%
|
|
(c)
|
Number of shares as to which
such person has:
|
|
(i)
|
Sole power to vote or direct
the vote:
-0-
|
|
(ii)
|
Shared power to vote or direct
the vote:
279,129
|
|
(iii)
|
Sole power to dispose or direct
the disposition:
-0-
|
|
(iv)
|
Shared power to dispose or
direct the disposition:
279,129
|
|
F.
|
Paul
Packer
|
|
(a)
|
Amount beneficially
owned:
279,129
|
|
(b)
|
Percent of class:
2.6%
|
|
(c)
|
Number of shares as to which
such person has:
|
|
(i)
|
Sole power to vote or direct
the vote:
-0-
|
|
(ii)
|
Shared power to vote or direct
the vote:
279,129
|
|
(iii)
|
Sole power to dispose or direct
the disposition:
-0-
|
|
(iv)
|
Shared power to dispose or
direct the
disposition:
279,129
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another
Person.
|
Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding
Company.
|
Item
8.
|
Identification
and Classification of Members of the
Group.
|
Item
9.
|
Notice
of Dissolution of Group.
|
Item
10.
|
Certification.
|
February
13, 2009
|
|
Date
|
/s/ Paul Packer
|
|
Paul
Packer,
|
|
individually
and as managing member of:
|
|
(a)
Globis Capital Advisors, L.L.C.,
|
|
for
itself and as the general partner of
|
|
Globis
Capital Partners, L.P.;
|
|
and
(b) Globis Capital, L.L.C.,
|
|
for
itself and as the general partner of
|
|
Globis
Capital Management, L.P., the
Investment
Manager of Globis Capital Partners,
L.P.
and Globis Overseas Fund,
Ltd.
|
DATED: February
13, 2009
|
|
/s/ Paul Packer
|
|
Paul
Packer,
|
|
individually
and as managing member of:
|
|
(a)
Globis Capital Advisors, L.L.C.,
|
|
for
itself and as the general partner of
|
|
Globis
Capital Partners, L.P.; and
|
|
(b)
Globis Capital L.L.C.,
|
|
for
itself and as the general partner of
|
|
Globis
Capital Management, L.P., the
Investment
Manager of Globis Capital Partners,
L.P.
and Globis Overseas Fund,
Ltd.
|
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