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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number: 3235-0145
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hours per response. . . 14.9
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.2)*
BIO-IMAGING TECHNOLOGIES, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.00025 PER SHARE
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(Title of Class of Securities)
09056N103000
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(CUSIP Number)
RICHARD RALPH, TREASURER, 1100 EAST BROAD STREET, BOX 850, WESTFIELD, NJ 07090
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
SEPTEMBER 12, 2002
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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 Rule 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 Rule
240.13d-7 for other parties to whom copies are to be sent.
*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 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. 09056N103000
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1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Fairview Cemetery Of Westfield Corp. 22-0900920
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
O.O.
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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7 SOLE VOTING POWER
NUMBER OF
339,335
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
339,335
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
339,335
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.04%
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14 TYPE OF REPORTING PERSON (See Instructions)
00-Not-for-Profit-Corporation
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Explanatory Note: This Schedule 13D is being filed to report sales by the
Reporting Person resulting in beneficial ownership of common stock of
Bio-Imaging Technologies, Inc. of less than 5% of the outstanding common stock
of such corporation.
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ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, $.00025, par value
("Common Stock") of Bio-Imaging Technologies, Inc. The principal
executive offices of the Issuer are presently located at 826 Newton
-Yardley Road, Newton, Pennsylvania 18940-1721.
ITEM 2. IDENTITY AND BACKGROUND
The Reporting Person is Fairview Cemetery of Westfield Corp., a
Not-for-Profit Corporation organized under New Jersey law. Its
principal business is to operate a cemetery. Its principal business
and office are at 1100 E. Broad Street, P.O. Box 850, Westfield, New
Jersey 07090.
Information relating to the trustees of Fairview Cemetery of Westfield
Corp., is set forth in Attachment I and is hereby incorporated by
reference in this Item 2.
Neither Fairview Cemetery of Westfield Corp., nor the trustees listed
on Attachment I, during the last five (5) years, has been convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors).
Neither Fairview Cemetery of Westfield Corp., nor the trustees listed
on Attachment I, during the last five (5) years, has been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was or is subject to a
judgment, decree or final order enjoining final violations of, or
prohibiting or mandating activities subject to federal or state
securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
None
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person sold shares of common stock. Periodically, the
Reporting Person sells a portion of its holdings in the Issuer at a
time and in an amount consistent with prudent investment guidelines
in an effort to maintain balance and diversification for its
portfolios.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As of September 12, 2002, the Reporting Person had an interest in the
Securities of the Issuer as follows:
Name: Fairview Cemetery of Westfield Corp.
No. of Shares: 339,335
Voting Power: Sole
Disposition Power: Sole
Aggregate Percentage Beneficially Owned*: 4.04%
*Based upon 8,389,653 shares of Common Stock outstanding as reported
in the Issuer's Form 10-QSB for the quarter ended June 30, 2002.
During the past sixty (60) days, the Reporting Person sold 46,200
shares of Common Stock at an average price per share of $1.64. From
January 1, 2002 to July 12, 2002, the Reporting Person sold 103,479
shares at an average price of $1.44. From May 25, 2001 to December 31,
2001 the Reporting Person sold 88,560 at an average price of $1.12.
All shares of Common Stock were sold in open market transactions.
Information as to the trustees of the Reporting Person is set forth in
Attachment I and incorporated in this item by reference.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE SECURITIES OF THE ISSUER.
Except as set forth elsewhere in this Schedule 13D, there are no
contracts, arrangements, understandings or relationships among the
Reporting Person or the trustees listed on Attachment I, and any other
person with respect to any securities of the Issuer, including but not
limited to the transfer of voting of any securities, finder's fees,
joint ventures, loan or option agreements, puts or calls, guarantees
of profits, division of profits or loss, or the giving or withholding
of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
SIGNATURES
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: September 16, 2002
FAIRVIEW CEMETERY OF
WESTFIELD CORP.
By: /s/ Richard Ralph
-----------------
Name: Richard Ralph
Title: Treasurer
FAIRVIEW CEMETERY TRUSTEES
Attachment I
NUMBER OF
NUMBER OF SHARES AS
NAME & SHARES AS TO WHICH TRANSACTIONS*
ADDRESS TO WHICH SHARED IN ISSUER
OF NUMBER OF PERCENTAGE SOLE POWER POWER TO SECURITIES
PRINCIPAL CORPORATE SHARES OWNED OF TO VOTE AND VOTE AND IN LAST 60
NAME OFFICER OCCUPATION EMPLOYER OF ISSUER SHARES OWNED SELL SELL DAYS
--------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
Frank Abella President Investment Investment 25,000(1) 0.29 25,000 6,000(2) 9,967(3)
732 W. Eight Advisor Partners
St. Group
Plainfield, 732 W.
NJ. Eighth St.
07060 Plainfield,
561-3622 NJ
Steven J. Assistant Lawyer Younghans & 0 --- --- ---
Burke Secretary Burke
141 Elmer St.
P.O. Box 340
Westfield,
NJ 07091
232-2300 -(H)
273-7327
Arthur C. Vice Retired - - - - - - - - - - - - - - - - - -
Fried President
623 Kesington
Dr.
Westfield, NJ
07090
232-5246
Mr. Richard Secretary Executive Fairview 3,500(4) 3,500 - - - - - -
Ralph Treasurer Director Cemetery
100 E. Broad
St.
P.O. Box 850
Westfield, NJ
07091
Everson F. - - - Retired - - - - - - - - - - - - - - - - - -
Pearsall
10 Tisbury
Court
Scotch
Plains, NJ
07076
815-9171
John Ricker - - - Insurance Milo 2,500 - - - 2,500 - - - 2,500(5)
19 Dartmiouth Associates
Ave., Apt. 1-A 1923
Bridgewater, Westfield
NJ 08807 Ave.
233-1000 P.O. Bo 190
Scotch
Plains, NJ
07076
Charles E. - - - CPA Roberts - - - - - - - - - - - - - - -
Roberts Bennasu &
12 Hamilton De Spirto
Avenue 282 South
Cranford, NJ Avenue
07016 Fanwood, NJ
276-0528
(Home)
889-1700
(Office)
Barbara - - Architect Vincent & - - - - - - - - - - - -
Vincentsen Asso.
238 St. Paul 238 St.
Street Paul St.
Westfield, NJ Westfield,
07090 NJ 07090
232-4662 908-232-4642
(Fax)
232-0359 (H)
233-5845
Anthony Scutti - - - Retired - - - - - - - - - - - - - - - - - -
1065 Seward
Avenue
Westfield, NJ
07090
Franklyn - - - Retired - - - - - - - - - - - - - - - - - -
Sullebarger
550 Highland
Drive
Westfield, NJ
07090
232-3318
(800)
631-3128 x479
Donald W. - - - Retired - - - - - - - - - - - - - - - - - -
MacDonald
21
Giggleswick
Way
Edison, NJ
08820
(908)
561-7674
(Fax) 561-0889
Bill Shephard - - - Retired - - - --- - - - - - - - - - - - -
109 Golf Edge
Westfield,
NJ 07090
(908)232-3696
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1 Mr. Abella owns 9,000 shares in a personal account; 16,000 shares in an IRA
account.
2 Mr. Abella's firm, Investment Partners Group, owns 6,000 shares for which
he claims no beneficial interest.
3 On July 2, 2002 and August 13, 2002 Frank Abella sold in his IRA account
3,000 shares at $1.37 and 2,000 shares at $1.57 respectively. On July 2,
2002 Frank Abella sold 2,000 shares at $1.51 in his personal account. On
September 4, 2002 Investment Partners Group sold 2,967 shares at $1.86.
4 Mr. Richard Ralph's shares are held in an IRA Account.
5 John Ricker sold 2,500 shares at $1.98 on September 6, 2002.
*DATE OF TRANSACTION; AMOUNT OF SECURITIES; PRICE PER SHARE; WHERE AND HOW
AFFECTED.