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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
TERRACE HOLDINGS, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
881016109
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(CUSIP Number)
Check the following box if a fee is being paid with this statement. [X] (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 4 Pages
SEC 1745 (2-95)
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CUSIP NO. 881016109 13G PAGE 2 OF 4 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Samuel H. Lasko (Shares are owned in joint tenancy with wife,
Arlene P. Lasko)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not applicable (b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF Not applicable
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
383,750
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING Not applicable
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
383,750
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
383,750 (Shares are owned in joint tenancy with wife,
Arlene P. Lasko)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not applicable [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.25%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4 Pages
SCHEDULE 13G
Samuel H. Lasko
ITEM 1.
(a) Terrace Holdings, Inc.
(b) 1351 N.W. 22nd Street
Pompano Beach, FL 33069
ITEM 2.
(a) Samuel H. Lasko (shares are owned in joint tenancy with wife, Arlene
P. Lasko)
(b) 4100 North Hills Drive
Hollywood, FL 33021
(c) U.S.A.
(d) Common Stock
(e) 881016109
ITEM 3.
Not applicable.
ITEM 4. Ownership
(a) 383,750 (includes 3,750 shares owned by a minor child). Shares are
owned in joint tenancy with wife.
(b) 7.25%
(c) (i) Not applicable
(ii) 383,750
(iii) Not applicable
(iv) 383,750
ITEM 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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Page 4 of 4 Pages
ITEM 6. Ownership of More Than Five Percent on Behalf of Another Person.
380,000 shares are owned in joint tenancy with wife,
Arlene P. Lasko
ITEM 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
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.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and behalf, I
certify that the information set forth in this statement is true, complete and
correct.
February 12, 1998
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Date
/s/ Samuel H. Lasko
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Signature
Samuel H. Lasko
President
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Name/Title
