SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
CHECKPOINT SYSTEMS, INC.
(Name of Issuer)
Common Stock $.10 par value
(Title of Class of Securities)
162825-10-3
(CUSIP Number)
Check the following box if a fee is being paid with this statement .
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).
(Continued of following page(s))
Page 1 of 5 Pages
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CUSIP No. 162825-10-3 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GINTEL EQUITY MANAGEMENT, INC.
IRS #06-0871969
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
Gintel Fund 500,000 shs (a)
Gintel Equity Mgt, Inc. 8,000 shs (b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING GINTEL EQUITY MGT., INC. 508,000 shs.
PERSON
WITH 8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
508,000 Shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHS*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.8%
12 TYPE OF REPORTING PERSON*
I.A.
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
Item 1 (a) Name of Issuer: CHECKPOINT SYSTEMS, INC.
(b) Address of Issuer's Principal Executive Offices:
550 Grove Rd, P.O. BOX 188
THOROFARE, NJ 08086
Item 2 (a) Name of Person Filing:
GINTEL EQUITY MANAGEMENT, INC.
(b) Address of Principal Business Office:
6 Greenwich Office Park
Greenwich, CT 06831
(c) Citizenship: CONNECTICUT CORPORATION
(d) Title of Class of Securities: Common Stock $.10 par value
(e) CUSIP Number: 162825-10-3
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of
the Act.
(b) ( ) Bank as defined in Section 3(a) (6) of the Act.
(c) ( ) Insurance Company as defined in Section 3(a) (19)
of the Act.
(d) ( ) Investment Company registered under Section 8 of
the Investment Company Act.
(e) ( x) Investment Advisor registered under Section 203
of the Investment Advisors Act of 1940.
(f) ( ) Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment
Fund.
(g) ( ) Parent Holding Company, in accordance with
240.13d-1(b)(ii) (G).
(h) ( ) Group, in accordance with 240.13d-1(b) (ii)(1)(H).
Item 4 Ownership: Robert M. Gintel, Chief Executive Officer and 100%
shareholder of Gintel Equity Management, Inc., is also
controlling partner of Gintel & Co. Limited Partnership
and Gintel-Ray Ltd. Partnership.In addition, Gintel
Equity Management, Inc. has discretionary power over
the accounts for which it acts as investment advisor.
As a result, Gintel Equity Management, Inc. may be
deemed to be the beneficial owner of the shares owned
by these other entities.
Page 3
<PAGE>
(a) Amount Beneficially Owned: 508,000 shares
(b) Percent of Class: 4.8%
(c) Number of Shares as to which such person has:
1. Sole Power to vote or to direct the vote: 508,000
2. Shared Power to vote or direct the disposition of: -0-
3. Sole Power to dispose or to direct the disposition of: 508,000
4. Shared Power to dispose or to direct the disposition of: -0-
Item 5 (a) Ownership of Five Percent or Less of a Class: As of Dec. 31,
1994, Gintel Equity Management, Inc. has ceased being the
beneficial owner of 5% or more of the class of securities.
Item 6 (a) Ownership of More than Five Percent on behalf of Another
Person: N/A
Item 7 (a) Identification and Classification of the Subsidiary which
acquired the security being reported on by the Parent Holding
Company: N/A
Item 8 (a) Identification and Classification of Members of the Group: N/A
Item 9 (a) Notice of Dissolution of Group: N/A
Item 10 (a) Certification: By signing below I certify that, to the best
of my knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Page 4
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statementis true,
complete and correct.
GINTEL EQUITY MANAGEMENT, INC.
BY: Stephen G. Stavrides
President
DATE:
DECEMBER 31, 1994
