UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Jaco Electronics, Inc.
(Name of Issuer)
Common Stock, $0.10 Par Value
(Title of Class of Securities)
469783-10-4
(CUSIP Number)
December 31, 1998
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)
_ 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 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).
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CUSIP No. 469783-10-4 13G
Page 4 of 4
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1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Joel H. Girsky
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) _
(b) _
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SEC USE ONLY
3
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
5 SOLE VOTING POWER
564,139 shares 15.0%
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6 SHARED VOTING POWER
0 shares 0%
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7 SOLE DISPOSITIVE POWER
564,139 shares 15.0%
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8 SHARED DISPOSITIVE POWER
0 shares 0%
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 564,139 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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<PAGE>
<TABLE>
<CAPTION>
This statement constitutes Amendment No. 7 to the Schedule 13G
previously filed by the Reporting Person. No changes in any information
previously reported have occurred, except as set forth in this or prior
Amendments.
Item 4. Ownership.
(a) Amount Beneficially Owned: 564,139 shares(1)
(b) Percent of Class: 15.0%
(c) Number of shares as to which such person has:
<S> <C>
(i) sole power to vote or to direct the vote: 564,139(1) shares
(ii) shared power to vote or to direct the vote: 0 shares
(iii) sole power to dispose or to direct the disposition of: 564,139(1) shares
(iv) shared power to dispose or to direct the disposition of: 0 shares
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1 Includes 96,799 shares of Common Stock acquirable pursuant to the
exercise of options granted under the Issuer's 1993 Non-Qualified Stock Option
Plan (the "1993 NQOP") and 25,000 shares of Common Stock awarded under the
Issuer's Restricted Stock Plan. Does not include non-qualified stock options
granted under the 1993 NQOP, to acquire 100,000 shares of Common Stock that are
not exercisable within sixty days of the date hereof.
</TABLE>
<PAGE>
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.
Date February , 1999
Signature Joel H. Girsky
Name/Title Joel H. Girsky
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
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