SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Amendment No. 5
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Electronic Clearing House Inc.
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(Name of Issuer)
Common Stock, par value $.01
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(Title of Class of Securities)
285562500
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(CUSIP Number)
Jay L. Hack
Gallet Dreyer & Berkey, LLP
845 Third Avenue
New York, New York 10022 -6601
212-935-3131
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 14, 2007
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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 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
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 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. 285562500
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1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Melvin Laufer
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS:
PF
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5 CHECK BOX 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
United States
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NUMBER OF 7 SOLE VOTING POWER: 588,228
SHARES --------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY --------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 588,228
REPORTING --------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH --------------------------------------
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
588,228
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.50%
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14 TYPE OF REPORTING PERSON: IN
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2
This amendment amends a Schedule 13D of Melvin Laufer filed on July 9, 2003, as
previously amended by Amendment 1 filed on August 11, 2003, Amendment 2 filed on
September 12, 2003, Amendment 3 filed January 8, 2004, and Amendment 4 filed on
September 7, 2004 (together, the "Schedule"). Items 3 and 5 of the Schedule are
amended as set forth below to reflect the purchase of additional shares of stock
of the Issuer. Other than as set forth below, to the best knowledge of the
Reporting Person, there has been no material change in Items 1, 2, 4, 6 or 7 of
the Schedule.
This amendment is being filed voluntarily to report purchases of additional
shares of the issuer aggregating less than 1% of the shares of the issuer
outstanding. The filing of this amendment should not be deemed an admission by
the reporting person that a purchase of the additional shares reported herein
represents a material change in his ownership.
Amendment of Item 3. Source and Amount of Funds or Other Consideration
The additional shares reported herein were purchased for an aggregate purchase
price of $775,651.87 using personal funds.
Amendment of Item 5. Interest in Securities of the Issuer
At August 14, 2007, the aggregate number of shares beneficially owned by Mr.
Laufer was 588,228 shares. Mr. Laufer possesses sole voting and sole dispositive
power as to all of those shares.
The following table shows all purchases of the Issuer's stock by Mr. Laufer in
the last 60 days. All the following transactions were completed through brokers
on the open market.
Aggregate
Number of Purchase Price
Shares Purchase Price Without
Purchased Per Share Trade Date Commission
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100 13.90 7/2/2007 1,417.00
100 13.84 7/2/2007 1,411.00
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: August 14, 2007
/s/ MELVIN LAUFER
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Melvin Laufer
3