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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D/A
(Amendment No. 2)
Under the Securities Exchange Act of 1934
LIFEWAY FOODS, INC.
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(Name of Issuer)
Common Stock, No Par Value
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(Title or Class of Securities)
531914109
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(CUSIP Number)
Julie Smolyansky, CEO
Lifeway Foods, Inc.
6431 West Oakton St.
Morton Grove, IL 60053
(847) 967-1010
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(Name, Address and Telephone Number of Person Authorized
to Received Notices and Communications)
August 5, 2003
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(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 ss.ss. 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 ss. 240.13d-7(b) 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. 531914109
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1) Name of Reporting Person:
Edward Smolyansky.
2) Check the Appropriate Box if a member of a Group:
(a) |_|
(b) |_|
3) SEC Use Only
4) Source of Funds (See Instructions):
SC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
|_|
6) Citizenship or Place of Organization:
U.S. CITIZEN
Number of Shares Beneficially Owned by Each Reporting Person With:
7) Sole Voting Power: 80,000 (1.9%)
8) Shared Voting Power: --
9) Sole Dispositive Power: 80,000 (1.9%)
10) Shared Dispositive Power: --
11) Aggregate Amount Beneficially Owned by Each Reporting Person:
80,000 shares (1.9%)
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CUSIP No. 531914109
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |X|
13) Percent of Class Represented by Amount in Row (11): 1.9%
14) Type of Reporting Person:
IN
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AMENDMENT NO. 1 TO SCHEDULE 13D
Edward Smolyansky hereby amends and supplements the statement on
Schedule 13D (the "Statement") previously filed by Edward Smolyansky with the
Securities and Exchange Commission, with respect to the common stock, no par
value (the "Lifeway Common Stock") of Lifeway Foods, Inc., an Illinois
corporation, with its principal executive offices at 6431 W. Oakton Street,
Morton Grove, Illinois 60053 (the "Issuer"). Except as amended and supplemented,
the Statement, including the definitions of terms not otherwise defined herein,
remains in full force and effect.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Pursuant to SEC Rule 13d-2(a), this Amendment to the Schedule 13D
with a date of July 20, 2002 previously filed by Edward Smolyansky reflects a
material change in the Lifeway Common Stock beneficially owned by Edward
Smolyansky under Section 13(d). The Estate of Michael Smolyansky (the "Estate")
transferred 200,000 shares (the "Transferred Shares") of Lifeway Common Stock to
Ludmila Smolyansky pursuant to the Last Will and Testament of Michael
Smolyansky, dated February 2, 1990 (the "Will"). No purchase consideration was
paid for this transfer.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of the transaction was to transfer the Transferred
Shares to Ludmila Smolyansky for the purpose of payment of certain expenses
incurred in the continuing administration of the Estate and personally by
Ludmila Smolyansky during the period the Estate has remained open for
administration. As disclosed by Ludmila Smolyansky in the previously filed
Schedule 13D dated July 1, 2002, Michael Smolyansky bequeathed and devised
one-third of the total shares now held in the Estate to Ludmila Smolyansky.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Under Section 13(d) of the Exchange Act, Edward Smolyansky is
deemed to have beneficial ownership of 2,306,338 shares of Lifeway Common Stock,
representing 54.7% of the total outstanding Lifeway Common Stock. Edward
Smolyansky's total beneficial ownership of 2,306,338 shares of Lifeway Common
Stock is comprised as previously reported except that the shares in the Estate
now total 1,891,138 and the shares directly owned by Ludmila Smolyansky now
total 247,200.
Edward Smolyansky's total beneficial ownership of Lifeway Common
Stock reported in this Schedule 13D/A is comprised as previously reported.
Pursuant to Securities and Exchange Commission (SEC) Rule 13d-4,
Edward Smolyansky disclaims from beneficial ownership (i) the 8,000 shares of
Lifeway Common Stock (representing 0.1% of the total outstanding Lifeway Common
Stock) directly owned by the Smolyansky Family Foundation, (ii) the 247,200
shares of Lifeway Common Stock (representing
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1.1% of the total outstanding Lifeway Common Stock) directly owned by Ludmila
Smolyansky, (iii) the 80,000 shares of Lifeway Common Stock (representing 1.9%
of the total outstanding Lifeway Common Stock) directly owned by Julie
Smolyansky and (iv) the 2,138,138 shares of Lifeway Common Stock (representing
50.1% of the total outstanding Lifeway Common Stock) acquired by the Estate.
(b) Edward Smolyansky's sole voting and dispositive power is
comprised as previously reported.
(c) Not applicable.
(d) Generally, proceeds from the sale of any the 1,891,138 shares of
Lifeway Common Stock remaining in the Estate and indirectly owned by Edward
Smolyansky would inure solely to the Estate for the duration of the
administration of the Estate. Upon the conclusion of the administration of the
Estate, the remaining 1,891,138 shares of Lifeway Common Stock will be
transferred pursuant to the terms of the Will. At the time of this filing, the
administration of the Estate had not yet concluded and disclaimers of property
had not been made final.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 20.1 Last Will and Testament of Michael Smolyansky (Incorporated
by reference to Exhibit 20.1 of the Schedule 13D dated July
1, 2002 and previously filed by Edward Smolyansky).
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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.
Dated: December 19, 2003 /s/ Edward Smolyansky
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Edward Smolyansky
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