UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

(Amendment No. 1)*

Lazare Kaplan International Inc.

(Name of Issuer)

Common Stock, par value $1.00 per share

(Title of Class of Securities)

521078-10-5

(CUSIP Number)

December 31, 2014

(Date of Event Which 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)

*	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).

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 2 of 11 Pages


1.	Names of reporting persons Henry Partners, L.P.
2.	Check the appropriate box if a member of a group (see instructions) (a) x (b) ¨
3.	SEC use only
4.	Citizenship or place of organization Delaware
Number of shares beneficially owned by each reporting person with		5.	Sole voting power 178,500 shares
		6.	Shared voting power None
		7.	Sole dispositive power 178,500 shares
		8.	Shared dispositive power None
9.	Aggregate amount beneficially owned by each reporting person Henry Partners, L.P. – 178,500 shares
10.	Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
11.	Percent of class represented by amount in Row (9)* 2.6% for Henry Partners, L.P.
12.	Type of reporting person (see instructions) PN

*	Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. Reference is made to Item 4 of this Schedule 13G.

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 3 of 11 Pages


1.	Names of reporting persons Matthew Partners, L.P.
2.	Check the appropriate box if a member of a group (see instructions) (a) x (b) ¨
3.	SEC use only
4.	Citizenship or place of organization Delaware
Number of shares beneficially owned by each reporting person with		5.	Sole voting power 180,600 shares
		6.	Shared voting power None
		7.	Sole dispositive power 180,600 shares
		8.	Shared dispositive power None
9.	Aggregate amount beneficially owned by each reporting person Matthew Partners, L.P. – 180,600 shares;
10.	Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
11.	Percent of class represented by amount in Row (9)* 2.6% for Matthew Partners, L.P.
12.	Type of reporting person (see instructions) PN

*	Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. Reference is made to Item 4 of this Schedule 13G.

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 4 of 11 Pages


1.	Names of reporting persons Henry Investment Trust, L.P.
2.	Check the appropriate box if a member of a group (see instructions) (a) x* (b) ¨
3.	SEC use only
4.	Citizenship or place of organization Pennsylvania
Number of shares beneficially owned by each reporting person with		5.	Sole voting power 359,100 shares
		6.	Shared voting power None
		7.	Sole dispositive power 359,100 shares
		8.	Shared dispositive power None
9.	Aggregate amount beneficially owned by each reporting person* Henry Investment Trust, L.P. – 359,100 shares
10.	Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
11.	Percent of class represented by amount in Row (9) 5.3% for Henry Investment Trust, L.P.
12.	Type of reporting person (see instructions) PN

*	Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. Reference is made to Item 4 of this Schedule 13G.

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 5 of 11 Pages


1.	Names of reporting persons I.R.S. Identification Nos. of above persons (entities only) David W. Wright
2.	Check the appropriate box if a member of a group (see instructions) (a) x* (b) ¨
3.	SEC use only
4.	Citizenship or place of organization Pennsylvania
Number of shares beneficially owned by each reporting person with		5.	Sole voting power 387,100 shares (including 28,000 shares held individually by Mr. Wright)
		6.	Shared voting power None
		7.	Sole dispositive power 387,100 shares (including 28,000 shares held individually by Mr. Wright)
		8.	Shared dispositive power None
9.	Aggregate amount beneficially owned by each reporting person* David W. Wright – 387,100 shares (including 28,000 shares held individually by Mr. Wright)
10.	Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ¨
11.	Percent of class represented by amount in Row (9) 5.7% for David W. Wright (including 0.4% owned individually by Mr. Wright)
12.	Type of reporting person (see instructions) IN

*	David W. Wright is the President of Canine Partners, LLC, which is the sole general partner of Henry Investment Trust, L.P. Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. Reference is made to Item 4 of this Schedule 13G.

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 6 of 11 Pages

Item 1.(a)

Name of Issuer:

Lazare Kaplan International Inc.

Item 1.(b)

Address of Issuer’s Principal Executive Offices:

19 West 44^th Street

New York, New York 10036

Item 2.(a)

Name of Person Filing:

(1)

Henry Partners, L.P.

(2)

Matthew Partners, L.P.

(3)

Henry Investment Trust, L.P.

(4)

David W. Wright

Item 2.(b)

Address of Principal Business Office or, if none, Residence:

(1)

255 South 17^th Street, Suite 2608

Philadelphia, PA 19103

(2)

255 South 17^th Street, Suite 2608

Philadelphia, PA 19103

(3)

255 South 17^th Street, Suite 2608

Philadelphia, PA 19103

(4)

255 South 17^th Street, Suite 2608

Philadelphia, PA 19103

Item 2.(c)

Citizenship:

(1)

Delaware

(2)

Delaware

(3)

Pennsylvania

(4)

Pennsylvania

Item 2.(d)

Title of Class of Securities:

Common Stock, par value $1.00 per share

Item 2.(e)

CUSIP Number:

521078-10-5

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


(a)	¨	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).

(b)	¨	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 7 of 11 Pages



(c)	¨	Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)	¨	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)	¨	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)	¨	An employee benefit plan or endowment fund in accordance with §240.13d-(b)(1)(ii)(F).

(g)	¨	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)	¨	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j)	¨	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).

(k)	¨	Group, in accordance with §240.13d-(b)(1)(ii)(K).

Not applicable.

Item 4.

Ownership.

The percentages of ownership reported in this Schedule 13G/A is based upon 6,816,576 shares of common stock outstanding as of November 30, 2014 as reported in the issuer’s Form 8-K current report dated January 15, 2015. Henry Partners, L.P. and Matthew Partners, L.P. are beneficial holders, in the aggregate, of 359,100 shares of common stock of the issuer, or approximately 5.3% of the total number of outstanding shares of common stock of the issuer, and David W. Wright is the beneficial owner of 28,000 shares of common stock of the issuer, or approximately 0.4%, for a total aggregate percentage of 5.7%. Henry Investment Trust, L.P. is the general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. David W. Wright is the investment manager of each of Henry Partners, L.P. and Matthew Partners, L.P. and is the President of Canine Partners, LLC, the general partner of Henry Investment Trust, L.P. Investment decisions made on behalf of Henry Partners, L.P. and Matthew Partners, L.P. are made primarily through their general partner and David W. Wright.

(a)

Amount beneficially owned:

(1) 178,500 shares by Henry Partners, L.P.

(2) 180,600 shares by Matthew Partners, L.P.

(3) 359,100 shares (Henry Investment Trust, L.P. may be deemed a beneficial owner of the shares held by Henry Partners, L.P. and Matthew Partners, L.P. solely because Henry Investment Trust, L.P. is the general partner of those partnerships)

(4) 387,100 shares (including 28,000 shares held individually by Mr. Wright)

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 8 of 11 Pages

(b)

Percent of Class:

(1) 2.6%

(2) 2.6%

(3) 5.3%

(4) 5.7% (including 0.4% held individually by Mr. Wright)

(c)

Number of Shares as to which the person has:

Sole power to vote or to direct the vote:

(1) 178,500 shares by Henry Partners, L.P.

(2) 180,600 shares by Matthew Partners, L.P.

(4) 387,100 shares (including 28,000 shares held individually by Mr. Wright)

ii.

Shared power to vote or to direct the vote:

(1)

-0-

(2)

-0-

(3)

-0-

(4)

-0-

iii.

Sole power to dispose or to direct the disposition of:

(1) 178,500 shares by Henry Partners, L.P.

(2) 180,600 shares by Matthew Partners, L.P.

(4) 387,100 shares (including 28,000 shares held individually by Mr. Wright)

iv.

Shared power to dispose or to direct the disposition of:

(1)

-0-

(2)

-0-

(3)

-0-

(4)

-0-

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 9 of 11 Pages

Item 5.

Ownership of Five Percent or Less of a Class.

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 five percent of the class of securities, check the following. ¨

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 10 of 11 Pages

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.


		HENRY PARTNERS, L.P. by its General Partner, HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC

Date:	January 28, 2015	By:	/s/ David W. Wright
			David W. Wright,
			President

		MATTHEW PARTNERS, L.P. by its General Partner, HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC

Date:	January 28, 2015	By:	/s/ David W. Wright
			David W. Wright,
			President

		HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC

Date:	January 28, 2015	By:	/s/ David W. Wright
			David W. Wright,
			President

Date:	January 28, 2015		/s/ David W. Wright
			David W. Wright

SCHEDULE 13G


CUSIP No. 521078-10-5				Page 11 of 11 Pages

JOINT FILING AGREEMENT

The undersigned, the Reporting Persons named in this Schedule 13G/A (the “Schedule 13G/A”), hereby agree that the Schedule 13G/A is filed on behalf of each of them and that each Reporting Person is responsible for the timely filing of any amendments to the Schedule 13G/A. Each Reporting Person further agrees that each of them is responsible for the completeness and accuracy of the information concerning such Reporting Person, respectively, contained in the Schedule 13G/A and that each of them is not responsible for the completeness or accuracy of the information concerning the other Reporting Persons.

IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement as of the 28th day of January, 2015.


HENRY PARTNERS, L.P., by its General Partner, HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC

By:		/s/ David W. Wright
		David W. Wright,
		President

MATTHEW PARTNERS, L.P., by its General Partner, HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC

By:		/s/ David W. Wright
		David W. Wright,
		President

HENRY INVESTMENT TRUST, L.P., by its General Partner, CANINE PARTNERS, LLC

By:		/s/ David W. Wright
		David W. Wright,
		President

/s/ David W. Wright
David W. Wright

LAZARE KAPLAN INTERNATIONAL INC SC 13G/A