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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. 2 )*
Jaclyn, Inc.
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
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469772 10 7
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(CUSIP Number)
Check the following box if a fee is being paid with the 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 o`f the Act (however, see the
Notes).
SEC 1745 (2-95)
Page 1 of 5 pages
<PAGE>
13G
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CUSIP No. 469772 10 7 Page 2 of 5 Pages
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bernice Gailing
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 106,392
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,392
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
Page 2 of 5 pages
<PAGE>
13G
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CUSIP No. 469772 10 7 Page 3 of 5 Pages
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AMENDMENT NO. 2
to
SCHEDULE 13G
------------
Item 1(a) Name of Issuer:
Jaclyn, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
635 59th Street
West New York, New Jersey 07093
Item 2(a) Name of Person Filing:
Bernice Gailing
Item 2(b) Address of Principal Business Office or, if None, Residence:
5 Cathy Terrace
Englewood Cliffs, New Jersey 07632
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, $1.00 par value per share
Item 2(e) CUSIP Number: 469772 10 7
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b):
Not Applicable
Item 4 Ownership. As of December 31, 1996:
(a) Amount Beneficially Owned:
106,392 shares of Common Stock, $1.00 par value per
share ("Common Stock").
(b) Percent of Class: 4.0%
SEC 1745 (2-95)
Page 3 of 5 pages
<PAGE>
13G
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CUSIP No. 469772 10 7 Page 4 of 5 Pages
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
none
(ii) shared power to vote or direct to the vote:
none
(iii) sole power to dispose or to direct the
disposition of: 106,392
(iv) shared power to dispose or to direct the
disposition of: none
Item 5 Ownership of Five Percent or Less of a Class.
This Amendment is being filed to reflect the ownership of less than
5% of the Issuer's Common Stock.
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.
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
SEC 1745 (2-95)
Page 4 of 5 pages
<PAGE>
13G
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CUSIP No. 469772 10 7 Page 5 of 5 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.
Dated: February 13, 1997
/s/ Bernice Gailing
-------------------------
Bernice Gailing
SEC 1745 (2-95)
Page 5 of 5 pages
