UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BAB Incorporated
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
055183107
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(CUSIP Number)
Joseph P. Daly
497 Circle Freeway
Cincinnati, Ohio 45246
(513) 943-7100
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
May 21, 2015
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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 Sections 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 Section 240.13d-7 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. 055183107 13D
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1 NAMES OF REPORTING PERSONS
Joseph P Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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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)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 332,488
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
332,488
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
332,488
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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)
4.58%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 055183107 13D
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1 NAMES OF REPORTING PERSONS
Karina Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 34,645
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
34,645
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,645
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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)
0.48%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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ITEM 1. SECURITY AND ISSUER.
The class of equity security to which this statement relates is the
common stock (the "Common Stock"), $.001 value per share ("Share"), of
BAB Inc, a Delaware corporation (the "Issuer"). The address of the principal
executive offices of the Issuer is 500 Lake Cook Road, Suite 475, Deerfield,
Illinois 60015.
ITEM 2. IDENTITY AND BACKGROUND.
NOTE: THE EXECUTION AND SUBMISSION OF THIS STATEMENT BY THE
PERSONS LISTED BELOW (THE "REPORTING PERSONS") SHALL NOT BE CONSTRUED AS A
STATEMENT OR ADMISSION THAT THE REPORTING PERSONS (I) ARE ACTING AS A GROUP
IN THE ACQUISITION OF THE SHARES, (II) COLLECTIVELY CONSTITUTE A "PERSON"
WITHIN THE MEANING OF SECTION 13(D)(3) OF THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED (THE "ACT"), OR (III) FOR THE PURPOSES OF SECTION 13(D) OF THE ACT,
ARE THE BENEFICIAL OWNERS OF ANY SHARES OTHER THAN THE SHARES IN WHICH EACH
PERSON IS SPECIFICALLY IDENTIFIED IN THIS STATEMENT TO HAVE A BENEFICIAL
INTEREST.
(1) (a) Joseph P. Daly
(b) 497 Circle Freeway, Cincinnati, OH 45246
(c) Owner, Essig Research Inc.
(d) No
(e) No
(f) U.S.A.
(2) (a) Karina Daly
(b) 497 Circle Freeway, Cincinnati, OH 45246
(c) Administrator
(d) No
(e) No
(f) USA
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source of funds used by the Reporting Persons are personal funds of
each such person with respect to the purchases of such person. The
Reporting Persons did not borrow any funds to acquire their respective shares.
The following table shows the APPROXIMATE amounts of funds paid for the Shares
by the Reporting Persons.
Joseph P Daly $247,940
Karina Daly 25,004
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons purchased the Shares for investment purposes.
The Reporting Persons are continuing to review the performance of
their investment and their investment alternatives. As part of their
ongoing review of their investment in the Shares, the Reporting Persons
may explore from time to time a variety of alternatives, including the
acquisition of additional securities of the Issuer or the disposition
of securities of the Issuer in the open market or in privately negotiated
transactions. The Reporting Persons may explore other alternatives with
respect to their investment in the Shares, including but not limited to
an extraordinary corporate transaction involving the Issuer, changes in
the present board of directors or management of the Issuer, or changes in
the Issuer's business or corporate structure. Although the foregoing
reflects activities presently contemplated by the Reporting Person with
respect to the Issuer, the foregoing is subject to change at any time,
and there can be no assurance that the Reporting Persons will take any
of the actions referred to above.
Except as set forth in the preceding paragraphs, as of the date hereof,
the Reporting Persons do not have any plan or proposal that relates to
or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition
of control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national securities
association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
Notwithstanding the foregoing, the Reporting Persons reserve the right
to effect any such actions as they may deem necessary or appropriate in
the future.
The information set forth in Item 3 of this Schedule 13D is hereby
incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Persons hereby report beneficial ownership, in the manner
hereinafter described, of 367,133 shares of the Issuer:
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
Joseph P Daly 332,488 4.58%
Karina Daly 34,645 0.48%
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TOTAL 367,133 5.06%
(1) The foregoing percentages assume that the number of Shares of the Issuer
outstanding,as reported in the Issuer's 10-Q for the quarter ended
February 28, 2015 is 7,263,508 Shares (as of February 28, 2015).
(b) Joseph P. Daly has sole voting and dispositive power over his shares
enumerated in paragraph (a). Karina Daly has sole voting and dispositive
power over her shares enumerated in paragraph (a).
(c) Transactions for the 60 days prior to the date of this Schedule 13D :
Person Who Effected the Transaction Transaction Date Number of Shares Purchased Price per Share
Joseph P. Daly 4/13/2015 5000 0.67
Joseph P. Daly 5/07/2015 2000 0.64
Joseph P. Daly 5/08/2015 3000 0.64
Joseph P. Daly 5/11/2015 5000 0.64
Karina Daly 5/05/2015 1000 0.63
Karina Daly 5/07/2015 4000 0.64
Karina Daly 5/21/2015 4645 0.66
All transactions were effectuated through open-market purchases.
(d) RIGHT TO RECEIVE OR POWER TO DIRECT: Not applicable.
(e) DATE REPORTING PERSON CEASED TO BE 5% OWNER: Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None.
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.
Date: May 27, 2015
/s/ Joseph P Daly
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Print Name: Joseph P Daly
/s/ Karina Daly
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Print Name: Karina Daly