<PAGE> 1
CUSIP No. 594060 10 5
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 11 )(1)
Michael Anthony Jewelers, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
594060 10 5
- --------------------------------------------------------------------------------
(CUSIP Number)
Rita A. Martin-Crowley
Michael Anthony Jewelers, Inc.
115 South MacQuesten Parkway, Mt. Vernon, NY 10550
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 29, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (e), 13d-1 (f) or 13d-1 (g), check
the following box [ ].
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7 (b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 3 Pages)
<PAGE> 2
13D
PAGE 2 OF 3 PAGES
------- -------
<TABLE>
<S> <C>
- ------------------ -------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Anthony Paolercio, Jr. ###-##-####
- ------------------ -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
Reporting person is the brother of Michael W. Paolercio who
is also filing a Form 13D.
- ------------------ -------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------------------ -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ------------------ -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. Citizen
- ------------------ -------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
982,700
---------------- ----------------------------------------------------
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
0
---------------- ----------------------------------------------------
EACH REPORTING 9 SOLE DISPOSITIVE POWER
982,700
---------------- ----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
- ------------------- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
982,700
- ------------------- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[X]
458,000 shares are held in trust for the children of
reporting person. Reporting person disclaims beneficial
ownership of such shares.
- ------------------- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.3%
- ------------------- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
In
- ------------------- -------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
Anthony Paolercio, Jr. hereby further amends (the "Amendment") the Statement on
Schedule 13D dated December 18, 1986, as first amended on July 24, 1990 and as
further amended on November 9, 1990, October 24, 1991, October 30, 1992, April
23, 1993, December 28, 1993, January 18, 1994, June 22, 1994, May 8, 1998 and
December 7, 1998 relating to the Common Stock, $.001 par value per share
("Common Stock") of Michael Anthony Jewelers, Inc. (the "Company"), as follows:
Item 4. Purpose of Transaction.
------------------------
Mr. Paolercio is filing this Amendment since he purchased an aggregate
of 46,900 shares of the Company's Common Stock on June 22, 1999 and June 29,
1999 in the open market.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) The aggregate number of shares of Common Stock and percentage of
Common Stock of the Company owned directly by Anthony Paolercio, Jr. is 982,700
shares or approximately 14.3% of the Company's outstanding Common Stock. This
includes 45,000 shares of Common Stock subject to option which become
exercisable within 60 days of the date of this filing. Mr. Paolercio disclaims
beneficial ownership of an aggregate of 458,000 shares of Common Stock held by
trusts established for the benefit of his minor children.
(b) Mr. Paolercio has sole power to vote or direct the vote of
1,440,700 Shares. This includes 458,000 shares of common stock held by trusts
established for the benefit of his minor children. He has the sole power to
dispose of or direct the disposition of 982,7000 Shares.
(c) Mr. Paolercio made the following purchases of the Company's
Common Stock: On June 22, 1999, he purchased 11,150 shares in
the open market at a price of $3.6875 per share and he
purchased 25,000 shares in the open market at a price of $3.75
per share; on June 29, 1999 he purchased 6,000 shares in the
open market at a price of $3.9323 per share; 2,000 shares in
the open market at a price of $3.75 per share and 2,750 shares
in the open market at a price of $3.75 per share
(d) Not applicable.
(e) Not applicable.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 11 to the Statement
on Schedule 13D concerning Michael Anthony Jewelers, Inc. is true, complete and
correct.
Dated: July 1, 1999 By /s/ Anthony Paolercio, Jr.
--------------------------
Anthony Paolercio, Jr.
Page 3 of 3
----- -----
