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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
REX Stores Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
761624105
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(CUSIP Number)
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* 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
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 6 pages
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SCHEDULE 13G
CUSIP No. 761624105
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Granahan Investment Management, Inc.
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2 Check the Appropriate Box If a Member of a Group* a. / /
Not applicable. b. / /
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3 SEC Use Only
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4 Citizenship or Place of Organization
Commonwealth of Massachusetts
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5 Sole Voting Power
Number of
Shares 10,000
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting -0-
Person --------------------------------------------------------
With 7 Sole Dispositive Power
591,000
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8 Shared Dispositive Power
-0-
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
591,000
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* / /
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11 Percent of Class Represented By Amount in Row (9)
7.20%
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 pages
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Item 1(a) Name of Issuer
REX Stores Corporation
Item 1(b) Address of Issuer's Principal Executive Offices
2875 Needmore Road
Dayton, OH 45414
Item 2(a) Name of Person Filing
Granahan Investment Management, Inc.
Item 2(b) Address of Principal Business Office or, if none, Residence
275 Wyman Street, Suite 270
Waltham, MA 02154
Item 2(c) State of Organization/Citizenship
Commonwealth of Massachusetts
Item 2(d) Title of Class of Securities
` Common Stock
Item 2(e) CUSIP Number
761624105
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 Adviser registered under Section 203 of
the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of
Page 3 of 6 pages
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1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1(b)(1)(ii)(G)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned: 591,000
(b) Percent of Class: 7.20%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 10,000
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: 591,000
(iv) shared power to dispose or to direct the disposition
of: -0-
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
Certain other persons have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from
the sale of, the class of securities which are subject to this
report.
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.
Page 4 of 6 pages
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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 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 5 of 6 pages
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Signature
After reasonably 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.
GRANAHAN INVESTMENT MANAGEMENT, INC.
Date: January 27, 1998 By: /s/ John J. Granahan
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John J. Granahan, President
Page 6 of 6 pages