SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------- SCHEDULE 13G Amendment No. 5 (Rule 13d-101) Under the Securities Exchange Act of 1934 FRMO CORP ----------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE ----------------------------------------------------------- (Title of Class of Securities) 0001042017 ----------------------------------------------------------- (CUSIP Number) February 16, 2011 ----------------------------------------------------------- (Date of Event that Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ X ] Rule 13d-1(c) [ ] Rule 13d-1(d) 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) LAWRENCE J. GOLDSTEIN ___________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK (USA) ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 2,763,355 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 2,858,482 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,507,200 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 7.3% ___________________________________________________________ 12 TYPE OF REPORTING PERSON IN __________________________________________________________ Filing by Lawrence J. Goldstein of this statement shall not be construed as an admission that such person is, for purposes of Section 13(d) of the Securities Exchange Act of 1934, the beneficial owner of any securities covered by this statement. 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Barbara J. & Lawrence J. Goldstein Do Good Foundation Inc. 13-3915414 ___________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK 5 SOLE VOTING POWER NUMBER OF 3,000 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 3,000 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,000 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 0.01% ___________________________________________________________ 12 TYPE OF REPORTING PERSON OO________________________________________ Filing by the Barbara J. & Lawrence J. Goldstein Do Good Foundation, Inc. of this statement shall not be construed as an admission that such person is, for purposes of Section 13(d) of the Securities Exchange Act of 1934, the beneficial owner of any securities covered by this statement. ___________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) La'Dadande Limited Partnership 27-1810605 ________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 518,586 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 518,586 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 518,586 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 1.32% ___________________________________________________________ 12 TYPE OF REPORTING PERSON PN Filing by La'Dadande Limited Partnership of this statement shall not be construed as an admission that such entity is, for purposes of Section 13(G) of the Securities Exchange Act of 1934, the beneficial owner of any other securities covered by this statement. 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) La'Dadande Corp. 27-1582109 _______________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 518,586 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 518,586 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 518,586 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 1.32% ___________________________________________________________ 12 TYPE OF REPORTING PERSON CO Filing by La'Dadande Corp. of this statement shall not be construed as an admission that such entity is, for purposes of Section 13(G) of the Securities Exchange Act of 1934, the beneficial owner of any other securities covered by this statement. ___________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SANTA MONICA PARTNERS, L.P. 13-3100474 _______________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 705,860 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 705,860 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 705,860 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 1.8% ___________________________________________________________ 12 TYPE OF REPORTING PERSON PN Filing by Santa Monica Partners, L.P. of this statement shall not be construed as an admission that such entity is, for purposes of Section 13(G) of the Securities Exchange Act of 1934, the beneficial owner of any other securities covered by this statement. 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SMP ASSET MANAGEMENT, LLC 42-1582561 ___________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 705,860 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 705,860 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 705,860 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 1.8% ___________________________________________________________ 12 TYPE OF REPORTING PERSON OO (LLC) ___________________________________________________________ Filing by SMP Asset Management, LLC of this statement shall not be construed as an admission that such entity is, for purposes of Section 13(d) of the Securities Exchange Act of 1934, the beneficial owner of any other securities covered by this statement. __________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SANTA MONICA PARTNERS II, L.P. 48-1289758 _______________________________________________________ FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 28,709 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 28,709 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,709 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 0.07% ___________________________________________________________ 12 TYPE OF REPORTING PERSON PN Filing by Santa Monica Partners II, L.P. of this statement shall not be construed as an admission that such entity is, for purposes of Section 13(G) of the Securities Exchange Act of 1934, the beneficial owner of any other securities covered by this statement. ___________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SANTA MONICA PARTNERS ASSET MANAGEMENT, L.P. 42-1582565 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 28,709 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 28,709 -------------------------------------- 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,709 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 0.07% ___________________________________________________________ 13 TYPE OF REPORTING PERSON PN Filing by Santa Monica Partners Asset Management, LLC of this Statement shall not be construed as an admission that such entity is, for purposes of Section 13(G) of the Securities Exchange Act of 1934, the beneficial owner of any other securities covered by this statement. 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Humonica ASSET MANAGEMENT, LLC 27-0320715 ___________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ___________________________________________________________ FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 3 SEC USE ONLY ___________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ___________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 95,127 SHARES -------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH REPORTING -------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 95,217 -------------------------------------- FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 8 SHARED DISPOSITIVE POWER 0 _____________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 95,127 ______________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [X] ___________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 0.3% ___________________________________________________________ 12 TYPE OF REPORTING PERSON OO (LLC) ___________________________________________________________ Filing by SMP Asset Management, LLC of this statement shall not be construed as an admission that such entity is, for purposes of Section 13(d) of the Securities Exchange Act of 1934, the beneficial owner of any other securities covered by this statement. Item 1. (a) FRMO CORP. (b) 320 Manville Road, Pleasantville, New York 10570 Item 2. Identity and Background. (a) This Statement is being filed by Lawrence J. Goldstein, an individual investor. Mr. Goldstein is the President of Santa Monica Partners, L.P., a New York limited partnership ("Santa Monica Partners"), and Santa Monica Partners II, L.P., a Delaware limited partnership ("Santa Monica Partners II"). He is also the sole managing member of SMP Asset Management, a Delaware limited liability company and the general partner of Santa Monica Partners ("SMP Asset Management") and the sole managing member of Santa Monica Partners Asset Management, a Delaware limited liability company and the general partner of Santa Monica Partners II ("Santa Monica Partners Asset Management"). Lastly, Mr. Goldstein is Chairman of the Barbara J. and Lawrence J. Goldstein Do Good Foundation, Inc. ("Do Good Foundation"), limited partner of La'Dadande Limited Partnership, a Delaware limited partnership ("La'Dadande LP"), sole managing member of La'Dadande Corp., a New York corporation and the general parnter of La'Dadande limited partnership ("La'Dadande Corp.") and a principal of Humonica Asset Mangement, LLC, a Delaware limited liability company and a registered investment advisor ("Humonica"). (b) The principal business address of Mr. Goldstein, Santa Monica Partners, SMP Asset Management, Santa Monica Partners II, Santa Monica Partners Asset Management, the Barbara J. and Lawrence J. Goldstein Do Good Foundation, La'Dadande Limited Partnership, La'Dadande Corp. and Humonica Asset Management (collectively, the "Reporting Persons") is 1865 Palmer Avenue, Larchmont, New York 10538. (c) Lawrence J. Goldstein, New York USA, Santa Monica Partners, a New York limited partnership, SMP Asset Management LLC, a Delaware limited liability company, Santa Monica Partners II, a Delaware limited partnership, Santa Monica Partners Opportunity fund, a Delaware limited partnership, Santa Monica Partners Asset Management LLC, a Delaware limited liability company, La'Dadande Limited Partnership, a Delaware limited partnership, La'Dadande Corp., a New York corporation and Humonica Assset Management LLC, a Delaware limited liability company. FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 (d) Title of Class of Securities: Common Stock (e) CUSIP: 0001042017 Item 3. N/A Item 4. Ownership Lawrence J. Goldstein (a) Amount beneficially owned: 1,507,200 (b) Percent of class: 3.85% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,763,355 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,858,482 (iv) Shared power to dispose or to direct the disposition of: 0 Barbara J. & Lawrence J. Goldstein Do Good Foundation, Inc. (a) Amount beneficially owned: 3,000 (b) Percent of class: 0.01% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,000 (iv) Shared power to dispose or to direct the disposition of: 0 La'Dadande Limited Partnership (a) Amount beneficially owned: 518,586 (b) Percent of class: 1.32% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 518,586 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 518,586 (iv) Shared power to dispose or to direct the disposition of: 0 La'Dadande Corp. (a) Amount beneficially owned: 518,586 (b) Percent of class: 1.32% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 518,586 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 518,586 (iv) Shared power to dispose or to direct the disposition of: 0 Santa Monica Partners, L.P. (a) Amount beneficially owned: 705,860 (b) Percent of class: 1.8% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 705,860 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 705,860 (iv) Shared power to dispose or to direct the disposition of: 0 SMP Asset Management, LLC (a) Amount beneficially owned: 705,860 (b) Percent of class: 1.8% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 705,860 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 705,860 (iv) Shared power to dispose or to direct the disposition of: 0 Humonica Asset Management, LLC (a) Amount beneficially owned:95,137 (b) Percent of class: 0.24% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 95,137 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 95,317 (iv) Shared power to dispose or to direct the disposition of: 0 FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 Santa Monica Partners II, L.P. (a) Amount beneficially owned: 28,709 (b) Percent of class: 0.07% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 28,709 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 28,709 (iv) Shared power to dispose or to direct the disposition of: 0 Santa Monica Partners Asset Management, LLC (a) Amount beneficially owned: 28,709 (b) Percent of class: 0.07% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 28,709 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 28,709 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following |_| Item 6. Not applicable Item 7. Not applicable Item 8. Not applicable Item 9. Not applicable Item 10. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017 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. February 16, 2011 /s/LAWRENCE J. GOLDSTEIN -------------------------------------- Lawrence J. Goldstein February 16, 2011 BARBARA J. & LAWRENCE J. GOLDSTEIN DO GOOD FOUNDATION, INC. /s/LAWRENCE J. GOLDSTEIN -------------------------------------- Lawrence J. Goldstein February 16, 2011 La'Dadande Limited Partnership /s/LAWRENCE J. GOLDSTEIN -------------------------------------- Lawrence J. Goldstein February 16, 2011 La'Dadande Corp. /s/LAWRENCE J. GOLDSTEIN -------------------------------------- Lawrence J. Goldstein, President February 16, 2011 SANTA MONICA PARTNERS, L.P. By: SMP ASSET MANAGEMENT LLC By: /s/LAWRENCE J.GOLDSTEIN ---------------------------------------- Lawrence J. Goldstein, President February 16, 2011 SMP ASSET MANAGEMENT, LLC By: /s/LAWRENCE J. GOLDSTEIN ---------------------------------------- Lawrence J. Goldstein, President February 16, 2011 SANTA MONICA PARTNERS II, L.P. By: SANTA MONICA PARTNERS ASSET MANAGEMENT LLC By: /s/LAWRENCE J.GOLDSTEIN ---------------------------------------- Lawrence J. Goldstein, President February 16, 2011 SANTA MONICA PARTNERS ASSET MANAGEMENT, LLC By: /s/LAWRENCE J. GOLDSTEIN ---------------------------------------- Lawrence J. Goldstein, President February 16, 2011 Humonica ASSET MANAGEMENT, LLC By: /s/LAWRENCE J. GOLDSTEIN ---------------------------------------- Lawrence J. Goldstein, Principal FRMO CORP. SCHEDULE 13G #5 CUSIP No. 0001042017