SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
EQUINOX SYSTEMS INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
294436 10 0
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(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).
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CUSIP NO. 294436 10 0
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
WILLIAM A. DAMBRACKAS, ###-##-####
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) _____ (b) _____
(3) SEC Use Only ___________________________________________________________
(4) Citizenship or Place of Organization U.S.A.
Number of Shares (5) Sole Voting Power 707, 357(1)
Shares Bene-
ficially (6) Shared Voting Power -0-(1)
Owned by
Each Report- (7) Sole Dispositive Power 707,357(1)
ing Person
With (8) Shared Dispositive Power -0-(1)
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person 707,357(1)
(10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) NOT APPLICABLE
(11) Percent of Class Represented by Amount in Row (9) 12.4(1)
(12) Type of Reporting Person (See Instructions) IN
- ------------------
(1) See Item 4.
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ITEM 1(A). NAME OF ISSUER:
Equinox Systems Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One Equinox Way
Sunrise, FL 33351-6709
ITEM 2(A). NAME OF PERSON FILING:
William A. Dambrackas
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
One Equinox Way
Sunrise, FL 33351-6709
ITEM 2(C). CITIZENSHIP:
U.S.A.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
294436 10 0
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), IDENTIFY THE STATUS OF THE PERSON FILING.
Not applicable
ITEM 4. OWNERSHIP.
<TABLE>
<CAPTION>
AMOUNT POWER TO VOTE POWER TO DISPOSE
BENEFICIALLY % OF -------------------------- -------------------------
REPORTING PERSON OWNED CLASS(1) SOLE SHARED SOLE SHARED
- ---------------- ------------ -------- -------------------------- -------------------------
<S> <C> <C> <C> <C> <C> <C>
William A. Dambrackas 707,357 (2) 12.4% 707,357 (2) -0- 707,357(2) -0-
</TABLE>
(1) Calculated on the basis of 5,395,009 shares of Common Stock
outstanding on December 31, 1998. Any securities that are not
issued and outstanding, but that can be acquired through the
exercise of options or warrants exercisable within 60 days after
December 31, 1998, are deemed to be outstanding for the purpose
of computing the percentage of outstanding securities owned by
stockholders holding such options or warrants, but are not deemed
to be issued and outstanding for the purpose of computing the
percentage of the class of securities held by any other person.
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(2) Includes 387,184 shares of Common Stock directly owned by the
Reporting Person; 30,000 shares of Common Stock indirectly owned
and held as custodian for the Reporting Person's children; and
290,173 shares of Common Stock issuable upon exercise of options
that are either immediately exercisable or exercisable within 60
days after December 31, 1998.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this Statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
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.
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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.
February 8, 1999 /S/ WILLIAM A. DAMBRACKAS
---------------------------------------------
William A. Dambrackas
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