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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Surge Components, Inc.
(Name of Issuer)
Common Stock. $.001 par value
(Title of Class of Securities)
868908-10-4
(CUSIP Number)
Page 1 of 4 pages
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SCHEDULE 13G
CUSIP No. 868908-10-4 Page 2 of 4
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven J. Lubman
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
5) SOLE VOTING POWER
330,000 (See Item 4)
NUMBER 6) SHARED VOTING POWER
OF SHARES None
BENEFICIALLY
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 330,000 (See Item 4)
REPORTING
PERSON WITH 8) SHARED DISPOSITIVE POWER
None
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
330,000 (See Item 4)
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (a) EXCLUDES CERTAIN SHARES [ ]
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.7%
12) TYPE OF REPORTING PERSON
IN
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Page 3 of 4
Item 1(a). Name of Issuer:
Surge Components, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1016 Grand Boulevard, Deer Park, New York 11729
Item 2(a). Name of Person Filing:
Steven J. Lubman
Item 2(b). Address of Principal Business Office or, if None, Residence:
1016 Grand Boulevard, Deer Park, New York 11729
Item 2(c). Citizenship:
USA.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share (the "Shares").
Item 2(e). CUSIP Number: 868908-10-4
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check
whether the person filing is a:
N/A
Item 4. Ownership:
(a) 330,000 Shares. See Item 4(c)
(b) This figure represents approximately 6.7% of the outstanding
Shares of the Issuer (based on 4,898,907 Shares outstanding on December 31,
1997).(1)
(c) At December 31, 1997, the Reporting Person had sole voting
power over 330,000 Shares, including shares underlying 75,000 currently
exercisable stock options. The Reporting Person has sole dispositive power over
all 330,000 Shares, including Shares underlying 75,000 currently exercisable
stock options.
Item 5. Ownership of Five Percent or Less of a Class:
N/A
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(1) Based on 4,823,907 shares of the Issuer outstanding as of 12/31/97,
plus 75,00) shares issuable upon currently exercisable stock options.
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Page 4 of 4 pages
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
N/A
Item 8. Identification and Classification of Members of the Group:
N/A
Item 9. Notice of Dissolution of Group:
N/A
Item 10. Certification:
N/A
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 5, 1998
/S/ Steven J. Lubman
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Steven J. Lubman
